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GuavaXF30 Elite	17-Mar-2016 19:11        GuavaXF30 About Contact  Quote this Post!
x 0   x 0  Alert Admin	A few hours left before they have no make whatever announcement they were making. Pressure is on but I feel it will be bad news. Demostation      ( Date: 17-Mar-2016 08:18) Posted: Maximum 3 days to trading halt pending announcements.   Further than that could result in suspension unless good reasons and " acceptable" bt SGX.   Lol. GuavaXF30      ( Date: 17-Mar-2016 00:16) Posted: Still trading halt after 2 days. Looks pretty bad. Good news they would have already made the announcements.
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Demostation Supreme	17-Mar-2016 08:18        Demostation About Contact  Quote this Post!
x 0   x 0  Alert Admin	Maximum 3 days to trading halt pending announcements.   Further than that could result in suspension unless good reasons and " acceptable" bt SGX.   Lol. GuavaXF30      ( Date: 17-Mar-2016 00:16) Posted: Still trading halt after 2 days. Looks pretty bad. Good news they would have already made the announcements.
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GuavaXF30 Elite	17-Mar-2016 00:16        GuavaXF30 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Still trading halt after 2 days. Looks pretty bad. Good news they would have already made the announcements.
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Demostation Supreme	14-Mar-2016 09:59        Demostation About Contact  Quote this Post!
x 0   x 0  Alert Admin	If you want it to go up, just buy very very litlle, say 100 shares at the higher 0.5 cents lol. bishalnb      ( Date: 14-Mar-2016 09:56) Posted:   reading all the -ve posts, is Oceanus ever going up? looks well supported at 0.4c, should I bet my 4D money on this to average down.
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bishalnb Master	14-Mar-2016 09:56        bishalnb About Contact  Quote this Post!
x 0   x 0  Alert Admin	reading all the -ve posts, is Oceanus ever going up? looks well supported at 0.4c, should I bet my 4D money on this to average down.
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jeremyow Master	11-Mar-2016 15:06        jeremyow About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Passionate business investor"
x 0   x 0  Alert Admin	Fast forward to Oceanus Group Limited' s most recent financial reports for FY2014 and FY2015. The group' s financials continue to deterioriate. Their operating cashflows continue to remain negative from FY2010 to FY2015. Their revenue from sales of aquaculture products continued to decrease over the years from FY2010 to FY2015. The accumulated losses carried on balance sheet continue to increase until FY2015 such that there is negative equity attributable to equity holders of the company. This was despite measures and promises taken by the group to turnaround the group' s business. Now, the question is whether a turnaround is possible in near future years? By the looks of it, even if there is a turnaround in business, it will take quite a number of years to patch up the financials of the group which is currently in very bad shape. For a shareholder, I guess there is nothing much one could do because selling one' s shares at current depressed price will result in significant losses. But waiting out for a turnaround to patch up the financials of the group which is in bad shape will also mean an opportunity cost since one' s capital is locked up in an investment which is making losses. The longer the wait, the worser the rate of return on investment whereas the capital would do better (even after a capital reduction due to loss) if able to deploy in another investment which yields positive returns which will cover back the losses in time to come. Sometimes, it is very difficult to make a decision whether to cut loss and move on or to wait out for recovery? Thus, investment does carry real risk. DYODD and diversify sufficiently as there is no such thing as a 100% risk free investment. Every business is challenging and carry different extent of risk.       jeremyow      ( Date: 11-Mar-2016 12:52) Posted: Looking at Oceanus Group Limited' s past years financials, actually it did already raised many red flags back during FY2011. Red flags include significant increase in total receivables. This suggests difficulty in getting paid for their products or services rendered. Of course, if their business is increasing in revenues and operating profits, and this increase in total receivables is in proportion to the increase in revenue and operatings over the year, it may not raise too much concern of suspicion. However, Oceanus reported an operating loss in FY2011. This does raise a concern since they reported operating loss and yet at the same time had a significant increase in total receivables.   Another red flag is the significant decrease in value of biological assets for FY2011. This nature of business depends on their biological assets (namely abalones) to make money. If a sudden significant decrease in value of biological assets does raise a high concern. Bare in mind these are not properties whereby the hard structure is still there even if its property value may fluctuate due to market conditions. Properties can still be sold hopefully during favourable market conditions. However, these are living assets. If the value of the biological assets suddenly decrease significantly, it may means most likely death of the abalones. The value of abalones even if subjected to changes in market values does not justify so significant decrease in 81% value of biological assets in FY2011. True enough, the chairman and CEO in the opening statement of the annual report stated loss in their abalones due to mortality. This raises the issue of investing in such businesses involving solely living assests which they derive their revenue from. A good way for such businesses dealing with living assests to minimise risk is to diversify their revenue streams such that they also deal with other related non-living assests such as aquaculture equipment sales or aquaculture management services. But seems Oceanus Group Limited is only deriving most of their revenue solely from their living assets (abalones).   Another red flag is the accumulated losses carried on their balance sheet which started in FY2011. If we look at their FY2012 and FY2013 financial statements, their accumulated losses on balance sheet actually kept increasing. This together with their operating losses over FY2011 to FY2013 are already a loud signal and red flag that the group is not doing well. Of course, there are more red flags raised in their financial reports. However, the above red flags taken together in their FY2011 financial statements are already a loud signal to the keen observer that something is really amiss with this group. Thus, Oceanus' s share price did decrease significantly from end of year 2011 onwards. This means shareholders already are selling their shares to bail out from the group probably after following their negative news. In the first place, investing in such businesses that derive solely their revenue and earnings from living assets is a high risk venture. This is even more riskier if their livestocks are held in one same location or region as any changes to the environment may mean all their livestocks will be affected at the same time. As always with investors or business owners, some form of sufficient diversification is good, even better when the various business segments have synergy among themselves.
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jeremyow Master	11-Mar-2016 12:52        jeremyow About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Passionate business investor"
x 0   x 0  Alert Admin	Looking at Oceanus Group Limited' s past years financials, actually it did already raised many red flags back during FY2011. Red flags include significant increase in total receivables. This suggests difficulty in getting paid for their products or services rendered. Of course, if their business is increasing in revenues and operating profits, and this increase in total receivables is in proportion to the increase in revenue and operatings over the year, it may not raise too much concern of suspicion. However, Oceanus reported an operating loss in FY2011. This does raise a concern since they reported operating loss and yet at the same time had a significant increase in total receivables.   Another red flag is the significant decrease in value of biological assets for FY2011. This nature of business depends on their biological assets (namely abalones) to make money. If a sudden significant decrease in value of biological assets does raise a high concern. Bare in mind these are not properties whereby the hard structure is still there even if its property value may fluctuate due to market conditions. Properties can still be sold hopefully during favourable market conditions. However, these are living assets. If the value of the biological assets suddenly decrease significantly, it may means most likely death of the abalones. The value of abalones even if subjected to changes in market values does not justify so significant decrease in 81% value of biological assets in FY2011. True enough, the chairman and CEO in the opening statement of the annual report stated loss in their abalones due to mortality. This raises the issue of investing in such businesses involving solely living assests which they derive their revenue from. A good way for such businesses dealing with living assests to minimise risk is to diversify their revenue streams such that they also deal with other related non-living assests such as aquaculture equipment sales or aquaculture management services. But seems Oceanus Group Limited is only deriving most of their revenue solely from their living assets (abalones).   Another red flag is the accumulated losses carried on their balance sheet which started in FY2011. If we look at their FY2012 and FY2013 financial statements, their accumulated losses on balance sheet actually kept increasing. This together with their operating losses over FY2011 to FY2013 are already a loud signal and red flag that the group is not doing well. Of course, there are more red flags raised in their financial reports. However, the above red flags taken together in their FY2011 financial statements are already a loud signal to the keen observer that something is really amiss with this group. Thus, Oceanus' s share price did decrease significantly from end of year 2011 onwards. This means shareholders already are selling their shares to bail out from the group probably after following their negative news. In the first place, investing in such businesses that derive solely their revenue and earnings from living assets is a high risk venture. This is even more riskier if their livestocks are held in one same location or region as any changes to the environment may mean all their livestocks will be affected at the same time. As always with investors or business owners, some form of sufficient diversification is good, even better when the various business segments have synergy among themselves.
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lglg666 Supreme	11-Mar-2016 11:37        lglg666 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yeah....super bs crap!! OXDEVIL      ( Date: 11-Mar-2016 09:03) Posted: chairman ng annouced so proudly the insurance coverage for loss, theft or death of abalones in 2009 -- then how come oceanus could not get the insurance to cover the US$140mn loss ? what happened to the insurance ? another bullshit ? until today chairman ng did not give a satisfactory answer on this.
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OXDEVIL Member	11-Mar-2016 09:03        OXDEVIL About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	chairman ng annouced so proudly the insurance coverage for loss, theft or death of abalones in 2009 -- then how come oceanus could not get the insurance to cover the US$140mn loss ? what happened to the insurance ? another bullshit ? until today chairman ng did not give a satisfactory answer on this.
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GuavaXF30 Elite	10-Mar-2016 13:34        GuavaXF30 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Maybe Yuuzoo should develop  a game like SIM City but with a business slant and call in Oceanus City.... OXDEVIL      ( Date: 10-Mar-2016 13:29) Posted: and they got fat bonuses for creating these magical profit from thin air ! gain from biological assets = magic profit = real bonuses , no wonder they wanted to be the world largest abalone farms... grow 100millions abalones = $Xmillions virtual profit , grow 100billions abalones = $XXXX millons virtual profit... better than printing counterfeit US dollar bills (illegal)....printing virtual profit is legal. These bloody greedy financial cowboys use their brains to drain unsuspecting investors.
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OXDEVIL Member	10-Mar-2016 13:29        OXDEVIL About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	and they got fat bonuses for creating these magical profit from thin air ! gain from biological assets = magic profit = real bonuses , no wonder they wanted to be the world largest abalone farms... grow 100millions abalones = $Xmillions virtual profit , grow 100billions abalones = $XXXX millons virtual profit... better than printing counterfeit US dollar bills (illegal)....printing virtual profit is legal. These bloody greedy financial cowboys use their brains to drain unsuspecting investors.
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OXDEVIL Member	10-Mar-2016 11:53        OXDEVIL About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Long Top Financial, Sino-Forest, Oceanus: 3 Manipulation Cases We Can Learn From By SG Value Investor on March 9, 2016 10:22 am in Business Via VALUE EDGE Longtop Financial, Sino-Forest, Oceanus: 3 Manipulation Cases We Can Learn From Oceanus is a Singapore-listed supplier of abalones. In July 2011, the company had a market capitalisation of USD310.0mn. In November 2011, the company reported an USD140.0mn write down of its abalone assets, resulting in a Q3 YTD net loss of US103.0mn. According to Asian Financial Statement Analysis: Detecting Financial Irregularities, these were the warning signs: Listing through reverse takeover enabled Oceanus to avoid the typical IPO due diligence. Revenue and net profits were generated almost entirely from valuation gains of abalone stock. In 2009 and 2010, gain on biological assets comprised 90.8% and 74.2% of total revenue respectively. Increase in value of abalones came from an increase in quantity rather than in value per unit (which will imply growth of the abalones). This can be derived by taking the value of biological assets on the balance sheet and dividing by the reported quantities of abalone. What happened: The share price fell by more than 65%. Final Words Not every fraud is detectable by retail investors like us, especially when special purpose vehicles come into play. But the least we can do is to protect ourselves against the relatively conspicuous ones. We have showcased the above cases as examples of detectable manipulation. Common tell-tale signs include high receivables growth and exceedingly high margins. In addition, investors should be more cautious when a company is listed via reverse takeovers. Lastly, management background checks are a simple way to verify that a company is in good hands. Like this article? Sign up for our free newsletter to get articles delivered to your inbox Tags: Longtop Financial Oceanus
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GuavaXF30 Elite	29-Feb-2016 13:31        GuavaXF30 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Don' t waste time on this flop. Move your cash elsewhere is you can. Take the loss before you lose it all.
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Demostation Supreme	29-Feb-2016 12:30        Demostation About Contact  Quote this Post!
x 0   x 0  Alert Admin	Frankly the management may not be awake.  They should better justify what they are or were doing and make nothing hanky panky to surface or to hide.  Don' t always think that our CAD is sleeping.  They are now different from before, better knowledge of dealing with situations, and hence management better watch your steps.  Ensure and make proper business to move in the right direction, else one day find yourselves to answer or drink coffee at Neil Road. lol. OXDEVIL      ( Date: 29-Feb-2016 12:00) Posted: when i watched Wolves of Wall Street movie, the picture of oceanus overpaid fat cats or talk cheap financial cowboys kept popping up.. the wolves enjoyed the free abalones with fat grins while the sheep investors got skinned to the bones... figured for every sentence of cheap empty shit talk, these fat cats got paid $millions. best jobs in Spore. big fat bonus and salary for victimizing investors...with their great plans - plans to lose great amount of money...
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OXDEVIL Member	29-Feb-2016 12:00        OXDEVIL About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	when i watched Wolves of Wall Street movie, the picture of oceanus overpaid fat cats or talk cheap financial cowboys kept popping up.. the wolves enjoyed the free abalones with fat grins while the sheep investors got skinned to the bones... figured for every sentence of cheap empty shit talk, these fat cats got paid $millions. best jobs in Spore. big fat bonus and salary for victimizing investors...with their great plans - plans to lose great amount of money...
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Demostation Supreme	29-Feb-2016 10:25        Demostation About Contact  Quote this Post!
x 0   x 0  Alert Admin	Actually, I was thinking that 1 cent or 9 pips was the lowest it could go in 2015, but als, it traded down from 1.5 cents when everyone at the hen AGM were making so much noises with management assuring them that " not to worry" as they have some plans.  But looking at it, talk is cheap, and they didn' t walk the talk.
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lglg666 Supreme	28-Feb-2016 19:34        lglg666 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Since my ave cost per share is 0.005c the down side is quite limited.....and hoping to hold until next year to give it a chance. lglg666      ( Date: 28-Feb-2016 13:57) Posted: Speaking for the rest of the shareholders, guessed not much hope that the business can turn well soon. The best choice for us is that there can be a RTO by someone serious. Crap!! Lepin888      ( Date: 28-Feb-2016 09:12) Posted: Who is taking management led by Dr ng to task? No one.....for spinning all the stories about abalone n lobster n ah yat. Fueled by all those analysts acting in concert. Now best hope for RTO exit
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lglg666 Supreme	28-Feb-2016 13:57        lglg666 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Speaking for the rest of the shareholders, guessed not much hope that the business can turn well soon. The best choice for us is that there can be a RTO by someone serious. Crap!! Lepin888      ( Date: 28-Feb-2016 09:12) Posted: Who is taking management led by Dr ng to task? No one.....for spinning all the stories about abalone n lobster n ah yat. Fueled by all those analysts acting in concert. Now best hope for RTO exit
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Lepin888 Veteran	28-Feb-2016 09:12        Lepin888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Who is taking management led by Dr ng to task? No one.....for spinning all the stories about abalone n lobster n ah yat. Fueled by all those analysts acting in concert. Now best hope for RTO exit
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OXDEVIL Member	26-Feb-2016 15:47        OXDEVIL About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	even if there was no sabotage, oceanus old model of grow billions of abalones regardless of the actual market supply demand just so that they could show virtual paper profit based on magic gain in biological assets -seemed to be more a tool to support their fianncial roadshow to entice more unsuspecting investors... and at the same time a shit excuse to give these fat cat management an excuse to take millions bonues ... these were very well educated fianncial cowboys who walked the tight rope of the laws.. really these fat cats in armani suits were as dirty as those kampong gangsters in the eyes of all those suffering investors who lost millions.... trusted the wolves of wall street n ...
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