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Latest Forum Topics / Oceanus    Last:0.007    +0.001  Post Reply
OCEANUS is 'a potential takeover target'?
GuavaXF30
Master
13-Mar-2012 09:11     
 
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Just released this annoncement at midnight. Don't look good. Have been raising a lot of cash these last couple of years and still need cash. Where or where did the money go ?

 

 

1. The board of directors (the "

(a) a placement agreement dated 12 March 2012 (the " Board" or the " Directors" ) of Oceanus Group Limited (the " Company" ) wishes to announce that the Company has, in connection with a corporate restructuring of the Company (the " Proposed Restructuring Exercise" ) which proceeds are to be used by the Company to satisfy its general corporate and working capital purposes, entered into the following agreements: Placement Agreement" ) with 19 placees (collectively, the " Placees" ) pursuant to which the Company has agreed to allot and issue to the Placees, an aggregate of 277,777,778 new ordinary shares in the share capital of the Company (the " Placement Shares" and each a " Placement Share" ) or such number of Placement Shares in the proportion as set out against their names in Section B.1 below, at S$0.072 (the " Issue Price" ) for each Placement Share (the " Placement" ) amounting in aggregate to the issue consideration of S$20,000,000

settowin      ( Date: 12-Mar-2012 16:34) Posted:

Security is now very tight after experiencing a nasty surprise on fatalities. If these people running do not buckle up or wise up, then they will be outcasts in business.

ykjuay      ( Date: 12-Mar-2012 16:23) Posted:

little worry about how there run their business as the worst is over, more worried  about the money used to purchase nutrition for the livestocks gone elsewhere.....??
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settowin
Veteran
12-Mar-2012 16:34     
 
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 Alert Admin 		Security is now very tight after experiencing a nasty surprise on fatalities. If these people running do not buckle up or wise up, then they will be outcasts in business.

ykjuay      ( Date: 12-Mar-2012 16:23) Posted:

little worry about how there run their business as the worst is over, more worried  about the money used to purchase nutrition for the livestocks gone elsewhere.....??
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ykjuay
Senior
12-Mar-2012 16:23     
 
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 Alert Admin 		little worry about how there run their business as the worst is over, more worried  about the money used to purchase nutrition for the livestocks gone elsewhere.....??
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settowin
Veteran
12-Mar-2012 15:04     
 
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 Alert Admin 		If encouraging news, (from observation and not insider info) will buy  abit more, but if not encouraging will dispose at a affordable cut  loss, lol. 
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settowin
Veteran
12-Mar-2012 14:59     
 
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Once I reach 1000 lots will wait and watch the progress of the company's business via reports or sending people to visit their farms.  Got many friends in China who would be most glad to assist to give some progress reports, lol.

settowin      ( Date: 12-Mar-2012 14:51) Posted:



Exited at 0.103, some at 0.105 but some still hanging on for a small loss for some bout at 90 cents.  On average, the losses for  higher prices bought will be added to those holding long term.  Probably just adding about 1 cent to the cost of holding, that's all.  If you are holding,  and continue to buy, you don't calculate the profit or loss yet, ok. 

JUNWEI9756      ( Date: 12-Mar-2012 14:44) Posted:

how's your long from 10.3 cents ? 9.2 cents ? 8.8 cents ? lol.
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settowin
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12-Mar-2012 14:51     
 
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Exited at 0.103, some at 0.105 but some still hanging on for a small loss for some bout at 90 cents.  On average, the losses for  higher prices bought will be added to those holding long term.  Probably just adding about 1 cent to the cost of holding, that's all.  If you are holding,  and continue to buy, you don't calculate the profit or loss yet, ok. 

JUNWEI9756      ( Date: 12-Mar-2012 14:44) Posted:

how's your long from 10.3 cents ? 9.2 cents ? 8.8 cents ? lol..

settowin      ( Date: 12-Mar-2012 14:41) Posted:

Actually I love to eat abalones and also sea cucumbers.  Know they are expensive stuff, but did not realize that sea cumcumbers are not vegatables but living creatures like the other sea food.  Good qualilty sea cucumbers costs alot of money.  I just happen to pass one shop and find out one kg for average quality can cost more than  $300 per kg. Anyone in this line?  Some Indonesian seacumbers are cheaper. China type are quite costly.  There are many kinds of sea cucumber species, and each will fetch different prices.
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JUNWEI9756
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12-Mar-2012 14:44     
 
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 Alert Admin 		how's your long from 10.3 cents ? 9.2 cents ? 8.8 cents ? lol..

settowin      ( Date: 12-Mar-2012 14:41) Posted:

Actually I love to eat abalones and also sea cucumbers.  Know they are expensive stuff, but did not realize that sea cumcumbers are not vegatables but living creatures like the other sea food.  Good qualilty sea cucumbers costs alot of money.  I just happen to pass one shop and find out one kg for average quality can cost more than  $300 per kg. Anyone in this line?  Some Indonesian seacumbers are cheaper. China type are quite costly.  There are many kinds of sea cucumber species, and each will fetch different prices.
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settowin
Veteran
12-Mar-2012 14:41     
 
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 Alert Admin 		Actually I love to eat abalones and also sea cucumbers.  Know they are expensive stuff, but did not realize that sea cumcumbers are not vegatables but living creatures like the other sea food.  Good qualilty sea cucumbers costs alot of money.  I just happen to pass one shop and find out one kg for average quality can cost more than  $300 per kg. Anyone in this line?  Some Indonesian seacumbers are cheaper. China type are quite costly.  There are many kinds of sea cucumber species, and each will fetch different prices.
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teeth53
Supreme
09-Mar-2012 19:03     
 
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Mr Chua Hung Meng, immediately following the resignation of Mr Lai Seng Kwoon, is appointed to serve as Interim Chairman of the Audit Committee of the Company and efforts are being made concurrently to find a
suitable candidate during the interim.


Mr. Chua Hung Meng is Independent Non-Exe Director of Oceanus Group Limited since 2008.

In the early part of his banking career, Mr. Chua worked in various domestic and international banks including Industrial and Commercial Bank, Singapore, AMRO Bank (Singapore Branch), Credit Suisse (Singapore Branch). He was Head of Placement in London Forfaiting Asia Pacific Ltd in Hong Kong from 1995 to 1997. From 1997 to 2001, he was a director of one of the subsidiaries of Singapore Technologies Group, overseeing business development in the debt capital market. Mr. Chua currently holds senior management position in a European Bank. He is also the chairman of the audit committee of Oriental Food (Holdings) Ltd and Chairman of the Remuneration Committee of China Wheel Holdings Ltd which are both listed on SGX.

Mr. Chua obtained his Bachelor of Business Administration degree from the National University of Singapore in 1981, and received a Masters in Professional Accounting degree from The University of Southern Queensland in 2003.
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settowin
Veteran
09-Mar-2012 14:48     
 
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Wow if Master Lim or Peter Lim loves Abalones, Oceanus will sure to fly.  Hahaha.

Time to re-enter.  Huat ah..
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GuavaXF30
Master
07-Mar-2012 08:33     
 
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 Alert Admin 		Just hope you are not Master Lim under another disguise. I have completely different view of this company. It's bleeding red ink and fast running out of cash  to operate with.

ChillX      ( Date: 05-Mar-2012 09:09) Posted:

If one has spare cash to pump in, defintiely worth considering, as the company's business, in my opinion is still good just as long as they are seen to take measures to prevent a recurrence of the severe mortality. Also, their start to cultivate sea cucumber will help to balance out their heavy income reliance on slow growing abalones. Just my opinion. DYODD and BOYASOR!

spices      ( Date: 04-Mar-2012 20:56) Posted:



 

for info/reference only --- trade at your own risk

from   Shares Investment Daily, 01/03/12 

Oceanus Probe Contends Cause Of Abalones Massacre Was Malnutrition
An internal probe at Oceanus Group suggested that the mysterious death of millions of abalonesat its farms could be due to poor nutrition. Separately, it announced deeper losses for its 4Q11 due to fair value losses in biological assets. Management revamp and operational restructuring has taken place and is keeping Oceanus on track to turn its financials around by 2013 as opined by Oceanus acting chief executive officer and chairman, Dr Ng Cher Yew. 4Q11 losses widened to Rmb502.6 million as it wrote off fair value losses in biological assets worth Rmb371.2 million. Revenue also plummeted as Oceanus sold fewer live and processed abalones. 

Significance: Given that the high mortality of abalones was a man-made factor, Oceanus would be unable to make insurance claims on the losses, possibly contributing further to its future losses. 


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SupremeA
Veteran
06-Mar-2012 14:06     
 
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 Alert Admin 		Wow lots of people flogging this counter hard. Wonder why.
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settowin
Veteran
06-Mar-2012 13:43     
 
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 Alert Admin 		No reprive, really anyhow short also make money according to risktaker.
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settowin
Veteran
06-Mar-2012 11:56     
 
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 Alert Admin 		If you lose, assuming that the world collapses (then who won't?), only $80 per lot, but if you gain you might even get $300 to $400 per lot.  This is business.

ChillX      ( Date: 05-Mar-2012 09:09) Posted:

If one has spare cash to pump in, defintiely worth considering, as the company's business, in my opinion is still good just as long as they are seen to take measures to prevent a recurrence of the severe mortality. Also, their start to cultivate sea cucumber will help to balance out their heavy income reliance on slow growing abalones. Just my opinion. DYODD and BOYASOR!

spices      ( Date: 04-Mar-2012 20:56) Posted:



 

for info/reference only --- trade at your own risk

from   Shares Investment Daily, 01/03/12 

Oceanus Probe Contends Cause Of Abalones Massacre Was Malnutrition
An internal probe at Oceanus Group suggested that the mysterious death of millions of abalonesat its farms could be due to poor nutrition. Separately, it announced deeper losses for its 4Q11 due to fair value losses in biological assets. Management revamp and operational restructuring has taken place and is keeping Oceanus on track to turn its financials around by 2013 as opined by Oceanus acting chief executive officer and chairman, Dr Ng Cher Yew. 4Q11 losses widened to Rmb502.6 million as it wrote off fair value losses in biological assets worth Rmb371.2 million. Revenue also plummeted as Oceanus sold fewer live and processed abalones. 

Significance: Given that the high mortality of abalones was a man-made factor, Oceanus would be unable to make insurance claims on the losses, possibly contributing further to its future losses. 


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settowin
Veteran
06-Mar-2012 11:28     
 
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 Alert Admin 		I want to say one important thing for this counter.  Buy to keep and not buy to contra so soon.
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settowin
Veteran
06-Mar-2012 11:24     
 
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 Alert Admin 		Of course, in every counter there is a risk of losing.  Oceanus risk rewards ratio is much better than some of the top volume counters. Buying opportunity now if want to make $$  big big.

settowin      ( Date: 06-Mar-2012 11:21) Posted:

No matter what, Oceanus still opens the door for big opportunity.  Now is also one good entry point. huat ahh.
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settowin
Veteran
06-Mar-2012 11:21     
 
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 Alert Admin 		No matter what, Oceanus still opens the door for big opportunity.  Now is also one good entry point. huat ahh.
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spices
Member
05-Mar-2012 10:29     
 
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Agreed with Chillx's post.... 

Before considering to buy this counter, do & check yr chart / TA / FA, read up more on the company too -  DYODD and BOYASOR!

I'm vested but very small only from profit gained recently from other counters, to park here, 10 lots only =).   My capital is protected and I playing on my profits only.   My earlier posts were extracted from other websites to serve as just a reminder to traders to trade with care and with open eyes and not blindly based on emotion and calls.   Trade well and safely.  

Just my 2 cents worth of opinion.




ChillX      ( Date: 05-Mar-2012 09:09) Posted:

If one has spare cash to pump in, defintiely worth considering, as the company's business, in my opinion is still good just as long as they are seen to take measures to prevent a recurrence of the severe mortality. Also, their start to cultivate sea cucumber will help to balance out their heavy income reliance on slow growing abalones. Just my opinion. DYODD and BOYASOR!

spices      ( Date: 04-Mar-2012 20:56) Posted:



 

for info/reference only --- trade at your own risk

from   Shares Investment Daily, 01/03/12 

Oceanus Probe Contends Cause Of Abalones Massacre Was Malnutrition
An internal probe at Oceanus Group suggested that the mysterious death of millions of abalonesat its farms could be due to poor nutrition. Separately, it announced deeper losses for its 4Q11 due to fair value losses in biological assets. Management revamp and operational restructuring has taken place and is keeping Oceanus on track to turn its financials around by 2013 as opined by Oceanus acting chief executive officer and chairman, Dr Ng Cher Yew. 4Q11 losses widened to Rmb502.6 million as it wrote off fair value losses in biological assets worth Rmb371.2 million. Revenue also plummeted as Oceanus sold fewer live and processed abalones. 

Significance: Given that the high mortality of abalones was a man-made factor, Oceanus would be unable to make insurance claims on the losses, possibly contributing further to its future losses. 


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ChillX
Senior
05-Mar-2012 09:09     
 
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 Alert Admin 		If one has spare cash to pump in, defintiely worth considering, as the company's business, in my opinion is still good just as long as they are seen to take measures to prevent a recurrence of the severe mortality. Also, their start to cultivate sea cucumber will help to balance out their heavy income reliance on slow growing abalones. Just my opinion. DYODD and BOYASOR!

spices      ( Date: 04-Mar-2012 20:56) Posted:



 

for info/reference only --- trade at your own risk

from   Shares Investment Daily, 01/03/12 

Oceanus Probe Contends Cause Of Abalones Massacre Was Malnutrition
An internal probe at Oceanus Group suggested that the mysterious death of millions of abalonesat its farms could be due to poor nutrition. Separately, it announced deeper losses for its 4Q11 due to fair value losses in biological assets. Management revamp and operational restructuring has taken place and is keeping Oceanus on track to turn its financials around by 2013 as opined by Oceanus acting chief executive officer and chairman, Dr Ng Cher Yew. 4Q11 losses widened to Rmb502.6 million as it wrote off fair value losses in biological assets worth Rmb371.2 million. Revenue also plummeted as Oceanus sold fewer live and processed abalones. 

Significance: Given that the high mortality of abalones was a man-made factor, Oceanus would be unable to make insurance claims on the losses, possibly contributing further to its future losses. 

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spices
Member
04-Mar-2012 20:56     
 
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for info/reference only --- trade at your own risk

from   Shares Investment Daily, 01/03/12 

Oceanus Probe Contends Cause Of Abalones Massacre Was Malnutrition
An internal probe at Oceanus Group suggested that the mysterious death of millions of abalonesat its farms could be due to poor nutrition. Separately, it announced deeper losses for its 4Q11 due to fair value losses in biological assets. Management revamp and operational restructuring has taken place and is keeping Oceanus on track to turn its financials around by 2013 as opined by Oceanus acting chief executive officer and chairman, Dr Ng Cher Yew. 4Q11 losses widened to Rmb502.6 million as it wrote off fair value losses in biological assets worth Rmb371.2 million. Revenue also plummeted as Oceanus sold fewer live and processed abalones. 

Significance: Given that the high mortality of abalones was a man-made factor, Oceanus would be unable to make insurance claims on the losses, possibly contributing further to its future losses. 
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