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Otto Marine is Ready to GO !!!
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Listing
Senior |
18-Apr-2013 12:12
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Bb not interested in the parent. You see them enter the Malaysian subsidiary and subsequently will list it. Just a caution. not vested. | ||
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Tomique
Master |
18-Apr-2013 12:00
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Aiya, be patient. Look at the chart, the BBs seem to be staying away, but it will be hard on them sinking their funds with the counter. Very soon they will start pushing, I believe. Enjoy the climb soon. Hehehe. | ||
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jomini
Veteran |
18-Apr-2013 11:53
Yells: "slow down, think, question" |
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sound great! me hump...still on sidelines... more qns...just to be safe...do you still have the research report that says target price of 0.13? can put up a link? thanks bro
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JMS213
Senior |
18-Apr-2013 11:10
Yells: "Just living is not enough. One must have sunshine, freedom !" |
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You are cute. I'm definitely not GOD, but what I do know is, major restructure to the organisation. The Group is pleased to announce the appointment of Mr. Mok as President of the Shipbuilding division on 18 March 2013. In this capacity, Mr. Mok will be responsible for the business development and management of shipbuilding, ship repair and conversion, as well as fabrication operations. In line with the objective of strengthening its core shipbuilding operations, Mr. Lum has rejoined on 18 March 2013. Mr. Lum has more than 35 years of industry experience in shipbuilding and was previously the Senior Executive Vice President of Otto Marine. Today is 18 April 2013, is exactly 1 month ..... already we are seeing funds from financial institutions, individuals pouring into the BBs, I'm sure we should be having more parties (announcements) Analysts are believing the target price $0.13 that's pretty good. The future is promising and with the global economy improving ... Let's watch and see ... cheers |
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UPRR18
Member |
18-Apr-2013 00:16
Yells: "Si Mai" |
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You write until very sentimental ... but I kind of like what you said Ezra $1.02 and Otto $0.084 .... I also believe... beautiful but bay kee leh .... I think must pray harder for investors to come ..... boh yu .... | ||
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dhalinx
Member |
17-Apr-2013 08:57
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Beautiful. :) | ||
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JMS213
Senior |
17-Apr-2013 08:53
Yells: "Just living is not enough. One must have sunshine, freedom !" |
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HAHA !!! my friends, this is probably my last quote before letting the SHIP sails ....... AHOY !!! BON VOYAGE " If you want to build a ship, don't drum up people to collect wood and don't assign them tasks and work, but rather teach them to long for the endless immensity of the sea." |
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JMS213
Senior |
16-Apr-2013 20:01
Yells: "Just living is not enough. One must have sunshine, freedom !" |
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Bro
Nqing87, You are right, great wisdom and understanding. " hi bro.. if i wasnt wrong, their revenue is actually quite decent, about 500million yearly i think.. so the deals they have gotten so far was actually not really that huge.. now is april, ... so unless they got much more deals in next few mths than the rate they having now or probably did not announce all the deals they receive, or they do better on their profit margin, otherwise, it will be rather hard to achieve 230million profit.... but nevertheless, will be watching otto, since the price is quite low, if it does turn around to make profits.." I have this question, Today Last Price Ezra $1.02 Otto $0.084 Total Revenue FY2008 (US$) $268.35 $390.39 Total Revenue FY2012 (US$) $984.18 $374.33 Since the price is quite low and if it does turn around to make profits.. with the new key management, then it would be marvellous, wouldn't it? |
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JMS213
Senior |
16-Apr-2013 16:50
Yells: "Just living is not enough. One must have sunshine, freedom !" |
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Latest announcement, Otto Marine Limited, an offshore marine company which specializes in building complex offshore support vessels, ship chartering and offers specialized offshore services, has announced a number of changes to its key management to strengthen its shipbuilding capability furtherhttp://worldmaritimenews.com/archives/79279/singapore-otto-marine-announces-changes-in-its-key-management/ SHIP IS READY TO " GO" |
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JMS213
Senior |
16-Apr-2013 11:10
Yells: "Just living is not enough. One must have sunshine, freedom !" |
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Looking at the current trend, Otto is ready for a breakout soon. BBs always play funny when you .... | ||
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JMS213
Senior |
15-Apr-2013 13:48
Yells: "Just living is not enough. One must have sunshine, freedom !" |
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A report by Religare Capital showed that Chinese yards have won US$2.73 billion in jack-up rigs, while the Singapore duo hauled in only US$1.97 billion to-date. It is not impossible for turnaround to achieve $billion, it's already happening .... SHIPS AHOY !!!! |
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JMS213
Senior |
15-Apr-2013 10:44
Yells: "Just living is not enough. One must have sunshine, freedom !" |
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UOB Asset Management said in its second-quarter investment strategy note that " the most positive development since late 2012 is the pickup in economic activity in US" . With US, world's largest economy picking up and Japan, world's third largest economy significantly expanded its monetary easing measures, there is going to be a major fund flow. It is said that the wave of liquidity is expected to be concentrated in Thailand, Malaysia and Indonesia. Nqing " Nevertheless .... the price is quite low ...... I am sure Otto will Face Everything And Rise. Afterall, the world has been waiting for this " PARTY" for a very long time. Now is the time .... GO !!! |
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JMS213
Senior |
15-Apr-2013 10:25
Yells: "Just living is not enough. One must have sunshine, freedom !" |
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Thank you for sharing with us about the " cabotage law in Indonesia" This could be a blessing in disguise ... hear what CEO of Marco Polo Marine has to say, " CEO Venkatraman Sheshashayee revealed that chartering vessels in Indonesia was providing a decent rate of return on investment. However, now, " the rates there are probably climbing upward because now there is a serious shortage of vessels there." Jaya's revelations bolster my strong believe that Marco Polo Marine's economic moat has strengthened and that it is positioned to benefit from higher charter rates in Indonesia this year." |
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JMS213
Senior |
15-Apr-2013 08:59
Yells: "Just living is not enough. One must have sunshine, freedom !" |
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UOB Asset Management said in its second-quarter investment strategy note that " the most positive development since late 2012 is the pickup in economic activity in US" . Is there any wonder why they have chose Otto as their investment vehicle ??? | ||
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JMS213
Senior |
15-Apr-2013 08:25
Yells: "Just living is not enough. One must have sunshine, freedom !" |
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That's cute, how did you paste the picture ? Talking about vested guess can't compare with the recent investment by some institutions .. 2 private equity funds managed by UOB Venture Management Pte Ltd (I'm sure it is known to most Singaporean) and an individual investor. Otto Marine Limited is pleased to announce that pursuant to an investment agreement dated 22 March 2013 entered into between Asean China Investment Fund II L.P. and UVM 2 Venture Investments L.P, 2 private equity funds managed by UOB Venture Management Pte Ltd, Venstar Investments II Ltd., Venstar Investments III Ltd., and an individual investor and its subsidiary, Go Marine Ship Management (M) Sdn Bhd For you to decide, please watch ..... that's all I can say.... |
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JMS213
Senior |
15-Apr-2013 00:38
Yells: "Just living is not enough. One must have sunshine, freedom !" |
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Bro, you are quite right about their revenue yearly. Do take note that with the new team, 3 essential things they have done to increase the profitability :
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Blanchard
Senior |
15-Apr-2013 00:13
Yells: "Winners cry..... Losers smile....." |
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This pair of Otto... oops... should be Otters... was seen resting at East Coast Park on 9 Apr 13. Are they bringing good luck to Otto Marine? Just for some laughter... Not vested in this stock... but would watch it... 
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shareflux
Member |
14-Apr-2013 23:14
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Does OM chartering operate in Indonesian water? If it does and it is not indonesian flagged, be careful of the cabotage law. The cabotage law affect non-indonesian flagged vessels operating in Indonesian water. Jaya had reported a material drop in earning last quarter due to the cabotage law which come into effect since 1 january 2013. | ||
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nqing87
Veteran |
14-Apr-2013 23:05
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hi bro.. if i wasnt wrong, their revenue is actually quite decent, about 500million yearly i think.. so the deals they have gotten so far was actually not really that huge.. now is april, they got the stated deal as u mention which is worth about 120million in this 3 mths, that means assuming we have same performance, that will be about 480million in a year, which is same as per previous years.. so unless they got much more deals in next few mths than the rate they having now or probably did not announce all the deals they receive, or they do better on their profit margin, otherwise, it will be rather hard to achieve 230million profit.. let's say their profit margin is 10%, so to get 230million, is it possible for their revenue to increase 4 times to 2 billion? alot competitors around.. but nevertheless, will be watching otto, since the price is quite low, if it does turn around to make profits..
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JMS213
Senior |
14-Apr-2013 22:47
Yells: "Just living is not enough. One must have sunshine, freedom !" |
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Just got back. Bro,
thanks for highlighting the typo error. Yes, it is “exceeding S$230millions” isn't
it AMAZING from making loss of -$73.69million to $230million. The turn around
is really stupendously incredible after the new outfits … that's why this BBs is Fabulous Brilliant * Otto Marine secured contracts for 2 AHTS vessels valued at US$27.8 million. The yard is now more efficient with a lower cost structure *
Otto Marine …. sold a Multi-purpose Field Support and ROV Support Vessel Otto
Explorer 3 (the Vessel) …. for an aggregate consideration of approximately
US$50 million. *Otto Marine secures charter worth up to US$57.3 million and many more ..... |
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