| Latest Forum Topics / Otto Marine Rg |
 Post Reply
|
|
Otto Marine
|
|||||
|
Reroma
Member |
05-Jan-2024 23:25
|
||||
|
x 0
x 0 Alert Admin |
The boss was very kind I guess, took the company private, at least minor shareholders can get back money.
|
||||
| Useful To Me Not Useful To Me | |||||
|
NextEvolution
Elite |
23-Mar-2018 08:12
|
||||
|
x 0
x 0 Alert Admin |
Now thinking back in 2016, Otto Marine took company private actually saved many shareholders money, at 32c a share.
http://www.straitstimes.com/business/companies-markets/otto-marine-announces-delisting-deal The company just went into judicial management and seems going under for good with its massive debts of $1.16 billion http://www.singaporelawwatch.sg/slw/headlinesnews/118306-otto-marine-goes-under-judicial-management.html#sthash.oyeRQHNk.dpbs |
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
sheerluck
Supreme |
04-Dec-2016 12:37
Yells: "Work for your money first then let your money work for you" |
||||
|
x 0
x 0 Alert Admin |
So lucky! You gets to keep the Cert! I never seen how a sahre cert looks like. Can post?
|
||||
| Useful To Me Not Useful To Me | |||||
|
jm2212
Veteran |
03-Dec-2016 18:22
|
||||
|
x 0
x 0 Alert Admin |
I didn't accept the delisting offer and they sent me share cert last month.....and then I received a cheque yesterday stating that is compulsory take over....where got such thing? | ||||
| Useful To Me Not Useful To Me | |||||
|
granto
Master |
26-Sep-2016 14:44
|
||||
|
x 0
x 0 Alert Admin |
Creditors apply to liquidate two Otto Marine subsidiaries |
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
granto
Master |
20-Sep-2016 10:51
|
||||
|
x 0
x 0 Alert Admin |
Otto Marine takeover complete, to delist from SGX next week |
||||
| Useful To Me Not Useful To Me | |||||
|
buysellbuysell
Master |
15-Sep-2016 11:51
Yells: "someone please sell down low so that others can buy low" |
||||
|
x 0
x 0 Alert Admin |
Contagion is the keyword. FYI a lot of marine workers already sent back to their home towns. Working Contract stopped or not renewed.
Why? If you ask me why. Probably you ask yourself why. DYODD. Long kang stock also this counter otto marine probably. Buy ah buy ah. when every one fear you buy ah. Think again. Take The papers put as wall papers... |
||||
| Useful To Me Not Useful To Me | |||||
|
dragonboy76
Master |
14-Sep-2016 15:07
|
||||
|
x 0
x 0 Alert Admin |
i' m not vested in this counter. just want to say that it is very difficult to overturn the delisting. based on below info, they mentioned ' weighted shareholding' . unless those retail investors who turn up at the EGM hold a lot of shares, otherwise not much of a chance to overturn the face of Otto CEO looks scheming to me. 0.32 is too low. some of you might have bought at much higher price. Did they say what happens for vthose not taking up the offer? i think the offer price is not the volume weighted average price, otherwise it may be higher than 0.32. |
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
granto
Master |
14-Sep-2016 11:58
|
||||
|
x 0
x 0 Alert Admin |
Meanwhile they' ve just banked close to a million... Otto Marine withdraws Hoe Leong liquidation application |
||||
| Useful To Me Not Useful To Me | |||||
|
limyc777
Member |
13-Sep-2016 14:41
|
||||
|
x 0
x 0 Alert Admin |
Apologies for the typo, EGM is on Wed 14 Sep, 1000 AM. Room 300-301 Suntec Singapore International Convention and Exhibition Centre 1 Raffles Boulevard Singapore 039593 |
||||
| Useful To Me Not Useful To Me | |||||
|
limyc777
Member |
13-Sep-2016 14:22
|
||||
|
x 0
x 0 Alert Admin |
For all those minority shareholders who are free tomorrow Wed, 13 Sep, we should attend the EGM and block the delisting resolution. This can only be achieved if at least 10 % of shareholders (weighted shareholding) present at the EGM vote against it. |
||||
| Useful To Me Not Useful To Me | |||||
|
calvino
Member |
01-Sep-2016 11:19
|
||||
|
x 0
x 0 Alert Admin |
Bite his offer, also in the losing streak and dun really get much out of it. If it goes down the drain, I am still happy, rather then selling to a opportunistic vulture.
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
calvino
Member |
01-Sep-2016 11:14
|
||||
|
x 0
x 0 Alert Admin |
I read that the buyer is one of OM executive director, and also the boss of Ocean International Captial. This chap must has seen OM future potential in the long run, take this opportunity to grab it cheaply when is in dire strait. |
||||
| Useful To Me Not Useful To Me | |||||
|
Winlost
Veteran |
01-Sep-2016 11:06
|
||||
|
x 0
x 0 Alert Admin |
Won a contract wroth US$7.5 mil.... so you will keep it or just sell away from market?
|
||||
| Useful To Me Not Useful To Me | |||||
|
Winlost
Veteran |
01-Sep-2016 11:04
|
||||
|
x 0
x 0 Alert Admin |
If sucessful & otto marine delisted...how? Single cents you also cant get?
|
||||
| Useful To Me Not Useful To Me | |||||
|
calvino
Member |
01-Sep-2016 10:24
|
||||
|
x 0
x 0 Alert Admin |
I tore it up and dump in the rubbish bin
|
||||
| Useful To Me Not Useful To Me | |||||
|
Winlost
Veteran |
01-Sep-2016 10:13
|
||||
|
x 0
x 0 Alert Admin |
will you sign up for the exit offer letter?
|
||||
| Useful To Me Not Useful To Me | |||||
|
Shishi
Member |
25-Aug-2016 22:04
|
||||
|
x 0
x 0 Alert Admin |
Just received two of their books, one being the exit offer book. But nowhere can i find the form. Why they do things half past six? So what can i do now? | ||||
| Useful To Me Not Useful To Me | |||||
|
nngeeh
Veteran |
25-Aug-2016 19:34
|
||||
|
x 0
x 0 Alert Admin |
The risk is that if the takeover is not successful, the share price will drop back to 0.2+... the price b4 the announcement.
|
||||
| Useful To Me Not Useful To Me | |||||
|
Shishi
Member |
25-Aug-2016 16:02
|
||||
|
x 0
x 0 Alert Admin |
Have all of you recieved the offer letter? When was that? |
||||
| Useful To Me Not Useful To Me | |||||