just came across this thread. wah piang, didnt remmeber that oceanus was 42 cents back then! now, after so much news on its hundreds of millions of abalones, and Ah Yat Tian Xia chain of restaurant s - now trading only 34 cents yesterday. So is Oceanus a cheap buy now?
Vol hv been low for past weeks, after the deep corrections last month....tink ppl is acculmating it and wait for BB puhing it up at the rite time, esp nw is Aug, S chips period.... For me i vested in super cheap px stock; Informatics, nw they hv reported profit after losses of 5yrs from 2004 till now.....and with $0 debt and cash balance of $27million.....hope they will make it by nx yr and after years back to their previous glory in 2001 to 2003 $1.5.......just my view oni....:woohoo:
They have received approval for listing TDRs in Taiwan. I read from a forum that the listing is 31 Dec, at around NT$10.50, which is 43 Singapore cents. Maybe it\'s only Speculation. However, Do you all think it\'s a good price? Will it lead the SGX-listed Oceanus price up?
My opinion is that the Management of Oceanus should just focus on growing the business, instead of worrying so much about TDR and what not. This seems to imply they are more concerned with market price rather than business value. As an investor, which should you be more concerned with? Not vested.
The proposed issue price for each TDR during the bookbuilding exercise will be within the range of NT$8.7 ââ¬â NT$10.9 (approximately S$0.375 - S$0.470. How come the stock won\'t rise despite the announcement made on Dec 15? The final issue price of the New Shares shall be determined after the bookbuilding exercise has been completed, estimated to be between the dates of 18 ââ¬â 23 December 2009.
info.sgx.com/webcoranncatth.nsf/VwAttach...sTRD.pdf?openelement