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Ocean Sky could be the next multiplier Post Reply Rate topic
PapaSmurf Senior	10-Apr-2012 11:50        PapaSmurf About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Hold on Just wait for the panic sales to subside.
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EdMonkey Member	10-Apr-2012 09:18        EdMonkey About Contact  Quote this Post!
x 0   x 0  Alert Admin	The rto annoucement did not have much impact (nothing to shout about). Why? What do you think?
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yummygd Supreme	10-Apr-2012 08:59        yummygd About Contact  Quote this Post!
x 0   x 0  Alert Admin	i bought ocean sky n held for 10 years. finally i sold off at 0.172 n den it start to go crazy n shoot up. made some kopi money but every year they give kick ass dividends. so all in all i made on ocean sky. but now they are totally gonna divest their garment business n going into property in china....hmmm im not sure i am interested to buy back. So far property counters dealing in China is not a good investments. IM still losing big on Ying Li. Yanlord has been downgraded too. so how?
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gavinl Elite	10-Apr-2012 08:20        gavinl About Contact  Quote this Post!
x 0   x 0  Alert Admin	Had cut loss [half]at 1.64 yesterday finally. Lost more than 10K [sad] Future earning from this counter will not make but to breakeven if lucky. Good luck to all.
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EdMonkey Member	09-Apr-2012 20:18        EdMonkey About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hello Papa Smurf, I am new to this forum. I read your messages below and hope you can also share with me on the reason to hold on to Ocean. Everyday, I see a new low.... getting sleepless nights. Thanks.
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PapaSmurf Senior	07-Apr-2012 22:38        PapaSmurf About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Meaning? vl_2decades      ( Date: 07-Apr-2012 18:33) Posted: They will consolidate, two become one. PapaSmurf      ( Date: 06-Apr-2012 16:27) Posted: Hi Joe,                   You wrote very well. Sounds like a financial sector person too. Do you think it is worth 17.2cent with a huge stack of cash sitting in bank and a profitable business generating few millions profits yearly and now they are going to cash out and inject with a 700mil SGD china property arm. To the Angs family, they got a good deal. Paying 63mil SGD for a sound apparel company and then still remain as SSH in the new China Property arm. The share price is 17.3 almost day low. On a chartist point of view, this is bad. Can sense a lot of panic retailors cut loss on this. Most probably bought last friday at 21-3cents. Last Friday day high 23 and closed 20.5 Ever since, it has been going down at low volume to 17.2 yesterday. Who can understand what the biggies are doing? Your guess is as good as mine. Cross fingers and see what happens on Monday.
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vl_2decades Member	07-Apr-2012 18:33        vl_2decades About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	They will consolidate, two become one. PapaSmurf      ( Date: 06-Apr-2012 16:27) Posted: Hi Joe,                   You wrote very well. Sounds like a financial sector person too. Do you think it is worth 17.2cent with a huge stack of cash sitting in bank and a profitable business generating few millions profits yearly and now they are going to cash out and inject with a 700mil SGD china property arm. To the Angs family, they got a good deal. Paying 63mil SGD for a sound apparel company and then still remain as SSH in the new China Property arm. The share price is 17.3 almost day low. On a chartist point of view, this is bad. Can sense a lot of panic retailors cut loss on this. Most probably bought last friday at 21-3cents. Last Friday day high 23 and closed 20.5 Ever since, it has been going down at low volume to 17.2 yesterday. Who can understand what the biggies are doing? Your guess is as good as mine. Cross fingers and see what happens on Monday.
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bryancbq Master	06-Apr-2012 23:45        bryancbq About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	sounds good! haha. hopefully monday can chiong. ahhh...will be away for a week...gonna miss this forum. LOL. sounds so weird... Enjoy your easter sunday guys! PapaSmurf is powerful...hahahaha.  joemacky      ( Date: 06-Apr-2012 00:22) Posted: - It has abt S$50m cash or S$0.112 cash per share. NAV is abt S$0.206 per share - From the proposed restructuring, controlling shareholder Ang family  wants to buy the garment biz for up to S$63m or S$0.14. To pay for it, they are proposing  capital reduction, which i presume they are returning cash to shareholders (Ang family collectively owns abt 58.6% of the shares). With share capital and retained earnings of abt S$90m, could they be returning cash of as much as S$50m? - From the FY ending 31 Dec 2011 financial results, it generates a net cashflow (before dividends) of abt S$16m or S$0.36 per share on year 2011   66% of its revenue are from US, which consumer consumption is recovering due to an improving labour market, its no wonder the Ang Family wants to buy up the core garment biz - For the china property biz, they are buying for S$310m (the  announcement  stated NAV of RMB3.3b or S$657m i.e. purchase price reflects a discount of   > 50%), by issuing  925,373,134 new shares. The enlarged number of shares post-RTO would be abt 1,373,868,187 or S$0.23 per share for the china pty biz alone - Hence the garment biz of S$0.14 + china property biz of S$0.23 should reflect a price of abt S$0.37. To be conservative, you could further discount the china property biz by 50% i.e. S$0.115, to get a value of abt S$0.25. Either way, teh current price of S$0.173 looks cheap, valuation-wise. Above are just my opinion , not an invitation to invest and   I am vested hence my views could be biased
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doldoves Member	06-Apr-2012 22:07        doldoves About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thanks Joe... appreciate your sharing.  I am looking forward to Good News come Monday. Have a fabulous weekend:) Cheers:) joemacky      ( Date: 06-Apr-2012 00:22) Posted: - It has abt S$50m cash or S$0.112 cash per share. NAV is abt S$0.206 per share - From the proposed restructuring, controlling shareholder Ang family  wants to buy the garment biz for up to S$63m or S$0.14. To pay for it, they are proposing  capital reduction, which i presume they are returning cash to shareholders (Ang family collectively owns abt 58.6% of the shares). With share capital and retained earnings of abt S$90m, could they be returning cash of as much as S$50m? - From the FY ending 31 Dec 2011 financial results, it generates a net cashflow (before dividends) of abt S$16m or S$0.36 per share on year 2011   66% of its revenue are from US, which consumer consumption is recovering due to an improving labour market, its no wonder the Ang Family wants to buy up the core garment biz - For the china property biz, they are buying for S$310m (the  announcement  stated NAV of RMB3.3b or S$657m i.e. purchase price reflects a discount of   > 50%), by issuing  925,373,134 new shares. The enlarged number of shares post-RTO would be abt 1,373,868,187 or S$0.23 per share for the china pty biz alone - Hence the garment biz of S$0.14 + china property biz of S$0.23 should reflect a price of abt S$0.37. To be conservative, you could further discount the china property biz by 50% i.e. S$0.115, to get a value of abt S$0.25. Either way, teh current price of S$0.173 looks cheap, valuation-wise. Above are just my opinion , not an invitation to invest and   I am vested hence my views could be biased
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PapaSmurf Senior	06-Apr-2012 16:27        PapaSmurf About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Hi Joe,                   You wrote very well. Sounds like a financial sector person too. Do you think it is worth 17.2cent with a huge stack of cash sitting in bank and a profitable business generating few millions profits yearly and now they are going to cash out and inject with a 700mil SGD china property arm. To the Angs family, they got a good deal. Paying 63mil SGD for a sound apparel company and then still remain as SSH in the new China Property arm. The share price is 17.3 almost day low. On a chartist point of view, this is bad. Can sense a lot of panic retailors cut loss on this. Most probably bought last friday at 21-3cents. Last Friday day high 23 and closed 20.5 Ever since, it has been going down at low volume to 17.2 yesterday. Who can understand what the biggies are doing? Your guess is as good as mine. Cross fingers and see what happens on Monday.
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joemacky Member	06-Apr-2012 00:22        joemacky About Contact  Quote this Post!
x 0   x 0  Alert Admin	- It has abt S$50m cash or S$0.112 cash per share. NAV is abt S$0.206 per share - From the proposed restructuring, controlling shareholder Ang family  wants to buy the garment biz for up to S$63m or S$0.14. To pay for it, they are proposing  capital reduction, which i presume they are returning cash to shareholders (Ang family collectively owns abt 58.6% of the shares). With share capital and retained earnings of abt S$90m, could they be returning cash of as much as S$50m? - From the FY ending 31 Dec 2011 financial results, it generates a net cashflow (before dividends) of abt S$16m or S$0.36 per share on year 2011   66% of its revenue are from US, which consumer consumption is recovering due to an improving labour market, its no wonder the Ang Family wants to buy up the core garment biz - For the china property biz, they are buying for S$310m (the  announcement  stated NAV of RMB3.3b or S$657m i.e. purchase price reflects a discount of   > 50%), by issuing  925,373,134 new shares. The enlarged number of shares post-RTO would be abt 1,373,868,187 or S$0.23 per share for the china pty biz alone - Hence the garment biz of S$0.14 + china property biz of S$0.23 should reflect a price of abt S$0.37. To be conservative, you could further discount the china property biz by 50% i.e. S$0.115, to get a value of abt S$0.25. Either way, teh current price of S$0.173 looks cheap, valuation-wise. Above are just my opinion , not an invitation to invest and   I am vested hence my views could be biased
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pericolly Member	05-Apr-2012 22:35        pericolly About Contact  Quote this Post! Style: Flexible
x 0   x 0  Alert Admin	sifu papa, Just loaded more ocean this afternoon. interested in the news. can share?
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bryancbq Master	05-Apr-2012 22:20        bryancbq About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	thank you! =)) PapaSmurf      ( Date: 05-Apr-2012 21:59) Posted: pm u bryancbq      ( Date: 05-Apr-2012 21:52) Posted: PapaSmurf! Can share with me also?!?! haha. i totally forgotten i am going away this sat for a week. can't monitor the market =(
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PapaSmurf Senior	05-Apr-2012 21:59        PapaSmurf About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	pm u bryancbq      ( Date: 05-Apr-2012 21:52) Posted: PapaSmurf! Can share with me also?!?! haha. i totally forgotten i am going away this sat for a week. can't monitor the market =( PapaSmurf      ( Date: 05-Apr-2012 20:57) Posted: Gavin You got pm for news on Ocean. Hope you hang on for the reaso
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bryancbq Master	05-Apr-2012 21:52        bryancbq About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	PapaSmurf! Can share with me also?!?! haha. i totally forgotten i am going away this sat for a week. can't monitor the market =( PapaSmurf      ( Date: 05-Apr-2012 20:57) Posted: Gavin You got pm for news on Ocean. Hope you hang on for the reason gavinl      ( Date: 05-Apr-2012 16:37) Posted: XXXXXXXXX again. Reaching 0.17 liao,sign.......
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PapaSmurf Senior	05-Apr-2012 20:57        PapaSmurf About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Gavin You got pm for news on Ocean. Hope you hang on for the reason gavinl      ( Date: 05-Apr-2012 16:37) Posted: XXXXXXXXX again. Reaching 0.17 liao,sign.......
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bryancbq Master	05-Apr-2012 17:03        bryancbq About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	holding. i still feel its emotional play. hahahah. maybe i am wrong. the most drop to 0.13. lol
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bryancbq Master	05-Apr-2012 16:58        bryancbq About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	what's wrong with the married deals?! irritating.
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bryancbq Master	05-Apr-2012 16:53        bryancbq About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	hahah. u so funny. mmm. doldoves      ( Date: 05-Apr-2012 16:52) Posted: harooo there.... any Master... sifu.. BBs.....good wise advise????? quick.. got only  8 mins to decide.. bryancbq      ( Date: 05-Apr-2012 16:48) Posted: sian...should hold till monday anot? lol.
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doldoves Member	05-Apr-2012 16:52        doldoves About Contact  Quote this Post!
x 0   x 0  Alert Admin	harooo there.... any Master... sifu.. BBs.....good wise advise????? quick.. got only  8 mins to decide.. bryancbq      ( Date: 05-Apr-2012 16:48) Posted: sian...should hold till monday anot? lol.
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