Latest Forum Topics / Otto Marine | Post Reply |
Otto Marine is Ready to GO !!!
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Tanahkow
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14-Aug-2013 16:00
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NAV is 11 cents ??? Then the fair value should be above 8 cents...Hope for BB to come in...
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moneyplant
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14-Aug-2013 15:52
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Movement seen
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brunica
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14-Aug-2013 13:05
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Tomique
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14-Aug-2013 12:38
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I am banking on this counter to reach 10 cents from above which they have fallen pre-first rights and pre-second rights.  Waiting for some funds to come in and whack 1000 lots. Buying between an average of 4.9 cents to 5.5 cents per share.   Target to sell will be 9 to 9.5 cents.   Waohahaha!  
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oldflyingfox
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14-Aug-2013 10:36
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By next week, it should be  clear whether it has hit bottom and the trend has changed. | ||||
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Maller
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14-Aug-2013 09:44
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Hope that NextInsight could write a good article on Otto Marine :) | ||||
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Maller
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14-Aug-2013 09:41
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Share price still weak leh...Only up 0.001 now :) How come still so many selling? | ||||
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oldflyingfox
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14-Aug-2013 09:27
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http://infopub.sgx.com/FileOpen/Otto_Marine_Limited_PPT_2Q2013_14_August_2013.ashx?App=Announcement& FileID=252192 | ||||
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oldflyingfox
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14-Aug-2013 09:19
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Yes, a turning point now. | ||||
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Maller
Member |
14-Aug-2013 09:08
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Latest results quite good. Nav about 11 cents. With the current price, my personal view is a steal. | ||||
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Tomique
Master |
12-Aug-2013 16:04
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No suspension is imminent, but there is sign of no support owing to unknown factors.   So far, no clear writings are on the walls, but the counter is falling on a daily basis and this usually points to something to be dreaded... Chweers.
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moneyplant
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12-Aug-2013 15:46
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Support that its a different animal altogether one deals with abalone the other is offshore support haha. Otto marine suspension where you got wind of such sensitive information?   Plain rumour and fear mongering?  Cheers! 
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Tomique
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12-Aug-2013 14:48
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Different, different.   Oceanus voluntarily ask for suspension.   Once investigation over, they will report to the shareholders whether anything really did happen and is there any losses from such occurrence.  Otto marine may be suspended if they are found to have suspected to be doing some thing not acceptable as someone pointed and complained here earlier.   If suspension is a result of intended or suspected malpractice, things could get different...e.g cpib, cad, mas, sgx lah, all will come in and things like these will be bad for the whole market...i.e. every counter in SGX will be affected.  So hope nothing wrong is happening... 
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brunica
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12-Aug-2013 13:51
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It s going to follow OCEANUS path I think.. going to get suspended soon | ||||
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Tomique
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12-Aug-2013 13:26
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Beware and don't keep too much.   These sorts of counters/managements show sign languages already.   Many of them went down the road to be out cold.   Be careful again....
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Tanahkow
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12-Aug-2013 13:12
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performing worst than the right issues...lousy shares... | ||||
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tenacious
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10-Aug-2013 13:30
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They have been selling vessels to related co then related co lease to subsidiary. Very much round tripping. S.hall see the estimated earning on the 14 August, Thursday
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tenacious
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10-Aug-2013 13:02
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I have said I don't want to comment, but UPRR18 and T2LE56 pm me that they have difficulty posting, not sure why.. When Good Men Do Nothing by Wayne Greeson " All that is necessary for the
triumph of evil is that good men do nothing." (Edmund Burke) |
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moneyplant
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07-Aug-2013 22:54
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Source: http://infopub.sgx.com/FileOpen/Otto_Marine_Limited_Announcement_Use_of_Rights_Issue_Proceeds_7_August_2013.ashx?App=Announcement& FileID=251440  
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moneyplant
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07-Aug-2013 22:53
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This might be of interest , and its timely per se for clarification. Unless otherwise defined, all capitalised terms used herein shall bear the same meaning as in the offer information statement dated 10 July 2013 (“Offer Information Statement ” or “OIS ”) issued by Otto Marine Limited (“Company ”) in relation to the Company’s fully underwritten renounceable rights issue (“Rights Issue ”). The Company wishes to announce that the Company has utilised 100% of its Net Proceeds of S$62.8 million from the Rights Issue to repay its outstanding bank loan, thereby reducing the levels of leverage and gearing ratio of the Group.
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