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Oceanus major business model restructure Post Reply Rate topic
Jonng8888 Senior	23-Aug-2021 13:59        Jonng8888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	3.5cents left 1.6M grab b4 too late
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ckmpd1 Supreme	23-Aug-2021 13:59        ckmpd1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	True. I am not impressed with SGX regulators, compliance and decision makers,  Very indecisive when it comes to something new which they have no precedence to follow.    mondaybluesy      ( Date: 23-Aug-2021 13:55) Posted: Yes exactly.  Oceanus already qualifies for an exit based on their rules.  For context, the criteria to exit SGX watchlist is (source: http://rulebook.sgx.com/rulebook/1314): Record consolidated pre-tax profit for most recently completed financial year (based on audited full year consolidated accounts)   and Post an average daily market capitalisation of at least $40 million over the last six months. For avoidance of doubt, Oceanus has already  fulfilled both criteria for 6 months now, with item 1 above being confirned by H1 2021 earnings results. This is a classic case of, " I know it is correct but no one do before" .    Unfortuantely, SGX' s delay is causing uncertainty in the market and is rather unfair to Oceanus and her investors. Chloewg      ( Date: 23-Aug-2021 13:44) Posted: Strange if they don?t approve when it?s profitable cos no further extension can be granted right?
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weekndr Member	23-Aug-2021 13:58        weekndr About Contact  Quote this Post!
x 1   x 0  Alert Admin	a very positive update from Oceanus. it will only be a matter of time before Oceanus exits the watchlist, thereby setting good precedent and making history, which us shareholders will be part of!  surgiooo      ( Date: 23-Aug-2021 13:27) Posted: The Company is not aware of any precedent in the history of SGX-ST&rsquo s Watch-List, whereby a company having faced a similar situation for such an extended period, successfully achieves a complete turnaround through concerted restructuring efforts, and submits an Exit Application. Towards this end, the Company will continue to work tirelessly with SGX-ST in this process and provide an update to shareholders in due course on the results of the Exit Application. The Board would like to extend its appreciation to all shareholders for their support and understanding WE ARE HISTORY IN THE MAKING
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mondaybluesy Senior	23-Aug-2021 13:55        mondaybluesy About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes exactly.  Oceanus already qualifies for an exit based on their rules.  For context, the criteria to exit SGX watchlist is (source: http://rulebook.sgx.com/rulebook/1314): Record consolidated pre-tax profit for most recently completed financial year (based on audited full year consolidated accounts)   and Post an average daily market capitalisation of at least $40 million over the last six months. For avoidance of doubt, Oceanus has already  fulfilled both criteria for 6 months now, with item 1 above being confirned by H1 2021 earnings results. This is a classic case of, " I know it is correct but no one do before" .    Unfortuantely, SGX' s delay is causing uncertainty in the market and is rather unfair to Oceanus and her investors. Chloewg      ( Date: 23-Aug-2021 13:44) Posted: Strange if they don?t approve when it?s profitable cos no further extension can be granted right? hongyuan      ( Date: 23-Aug-2021 13:37) Posted: Sgx must encourage and show supportive to a turnaround listed company
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AwakenTide Veteran	23-Aug-2021 13:51        AwakenTide About Contact  Quote this Post!
x 0   x 0  Alert Admin	More Yakult power up ! up ! up! ckmpd1      ( Date: 23-Aug-2021 13:37) Posted: Yes.  Likely  that SGX has not made a decision as there is no precedence for them to follow.  This is where wise judgement comes in, Hopefully, Yaacob is able to do something to convince them mondaybluesy      ( Date: 23-Aug-2021 13:20) Posted: This means the wait continues.  Because SGX has not had a profitable turnaround company before in applying for an exit from the SGX watchlist, so they  have no SOP to follow.  They don' t know how to check their boxes.  Oceanus management is patiently guiding SGX towards being confident in making a decision. Also tells us that the new Season Global Trading Pte Ltd entity is expected to bring in increasing revenue across the next few years, whose profits will spill over to the other three business pillars.  This is all part of their expansion plan
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bobby90 Senior	23-Aug-2021 13:50        bobby90 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ball is on sgx court now..oceanus does not need an extension as they have already fulfilled all the requirements set by sgx..nice gesture by CEO to assure investors..respect Chloewg      ( Date: 23-Aug-2021 13:44) Posted: Strange if they don?t approve when it?s profitable cos no further extension can be granted right? hongyuan      ( Date: 23-Aug-2021 13:37) Posted: Sgx must encourage and show supportive to a turnaround listed company
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weekndr Member	23-Aug-2021 13:48        weekndr About Contact  Quote this Post!
x 0   x 0  Alert Admin	agreed - and especially one with substantiated with strong financial returns, promising growth trajectory, and competent management. hongyuan      ( Date: 23-Aug-2021 13:37) Posted: Sgx must encourage and show supportive to a turnaround listed company
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Chloewg Member	23-Aug-2021 13:44        Chloewg About Contact  Quote this Post!
x 0   x 0  Alert Admin	Strange if they don?t approve when it?s profitable cos no further extension can be granted right? hongyuan      ( Date: 23-Aug-2021 13:37) Posted: Sgx must encourage and show supportive to a turnaround listed company
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Lutjanus Member	23-Aug-2021 13:40        Lutjanus About Contact  Quote this Post!
x 0   x 0  Alert Admin	what a move... LOL... made paperhands/shortist sell off, then buy back after news report
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ckmpd1 Supreme	23-Aug-2021 13:37        ckmpd1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes.  Likely  that SGX has not made a decision as there is no precedence for them to follow.  This is where wise judgement comes in, Hopefully, Yaacob is able to do something to convince them mondaybluesy      ( Date: 23-Aug-2021 13:20) Posted: This means the wait continues.  Because SGX has not had a profitable turnaround company before in applying for an exit from the SGX watchlist, so they  have no SOP to follow.  They don' t know how to check their boxes.  Oceanus management is patiently guiding SGX towards being confident in making a decision. Also tells us that the new Season Global Trading Pte Ltd entity is expected to bring in increasing revenue across the next few years, whose profits will spill over to the other three business pillars.  This is all part of their expansion plan. ckmpd1      ( Date: 23-Aug-2021 13:13) Posted: Is this good news or bad news regarding the watchlist exit application
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hongyuan Senior	23-Aug-2021 13:37        hongyuan About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sgx must encourage and show supportive to a turnaround listed company
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ckmpd1 Supreme	23-Aug-2021 13:32        ckmpd1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	3.5c is still an accumulating opportunity. We invest in Oceanus for the long term lp2000      ( Date: 23-Aug-2021 13:30) Posted: Those who have bought at 33 earlier today may be lucky... ckmpd1      ( Date: 23-Aug-2021 13:13) Posted: Is this good news or bad news regarding the watchlist exit application
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lp2000 Elite	23-Aug-2021 13:30        lp2000 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Those who have bought at 33 earlier today may be lucky... ckmpd1      ( Date: 23-Aug-2021 13:13) Posted: Is this good news or bad news regarding the watchlist exit application? Jacklim82      ( Date: 23-Aug-2021 13:10) Posted: The Board of Directors (?Board?) of Oceanus Group Limited (?Company?) refers to the announcements dated 14 December 2015, 8 December 2018, 6 March 2018, 1 June 2018, 4 April 2019, 24 April 2019, 30 May 2019, 12 June 2019, 28 June 2019, 17 September 2019, 9 April 2020, 13 April 2020, 8 May 2020, 15 June 2020, 26 February 2021 and 11 March 2021 pertaining to the Company?s placement on the Watch-List of the Singapore Exchange Securities Trading Limited (?SGX-ST?), subsequent applications for extension of time and eventual submission of application to exit the Watch-List on 13 April 2021 (?Exit Application?). The Board wishes to announce that following the Exit Application, SGX RegCo is in close communication with the Company on the Exit Application. The Company?s proposal to exit the Watch￾ List entails the contribution of its various key revenue drivers, particularly its Distribution segment that saw significant growth during the financial year ended 31 December 2020, following the establishment of its fast-moving consumer groups distribution subsidiary, Season Global Trading Pte Ltd. (?SGT?). In collaboration with the joint venture partner, SGT is expected to handle increased trading volumes in the upcoming year as it continues to build its reputation amongst its customers as a Singapore-based business. This is part of the Company?s longer-term strategy to establish its global supply chain capabilities and supplement its three other key business pillars (Food Production, Services and Innovation). The Company is working on providing SGX-ST with further requested information and assurance in relation to this growing business segment, to facilitate the Company?s exit of the Watch￾ List The Company is not aware of any precedent in the history of SGX-ST?s Watch-List, whereby a company having faced a similar situation for such an extended period, successfully achieves a complete turnaround through concerted restructuring efforts, and submits an Exit Application. Towards this end, the Company will continue to work tirelessly with SGX-ST in this process and provide an update to shareholders in due course on the results of the Exit Application. The Board would like to extend its appreciation to all shareholders for their support and understanding. Shareholders and potential investors are advised to exercise caution when dealing in the shares of the Company. Shareholders and potential investors should note that there is no certainty or assurance as to the outcome of the application to exit the Watch-List. Shareholders and potential investors are advised to read all further announcements by the Company carefully and to consult their stockbrokers, bank managers, solicitors or other profes
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YoungT Member	23-Aug-2021 13:28        YoungT About Contact  Quote this Post!
x 0   x 0  Alert Admin	I feel the same. But looks positive, and it seems to signal short time horizon. Key points in my view: " ...to facilitate the Company' s exit of the Watch List. " " The Company is not aware of any precedent in the history of SGX-ST?s Watch-List, whereby a company having faced a similar situation for such an extended period, successfully achieves a complete turnaround through concerted restructuring efforts, and submits an Exit Application." mondaybluesy      ( Date: 23-Aug-2021 13:20) Posted: This means the wait continues.  Because SGX has not had a profitable turnaround company before in applying for an exit from the SGX watchlist, so they  have no SOP to follow.  They don' t know how to check their boxes.  Oceanus management is patiently guiding SGX towards being confident in making a decision. Also tells us that the new Season Global Trading Pte Ltd entity is expected to bring in increasing revenue across the next few years, whose profits will spill over to the other three business pillars.  This is all part of their expansion plan. ckmpd1      ( Date: 23-Aug-2021 13:13) Posted: Is this good news or bad news regarding the watchlist exit application
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surgiooo Member	23-Aug-2021 13:27        surgiooo About Contact  Quote this Post!
x 0   x 0  Alert Admin	The Company is not aware of any precedent in the history of SGX-ST&rsquo s Watch-List, whereby a company having faced a similar situation for such an extended period, successfully achieves a complete turnaround through concerted restructuring efforts, and submits an Exit Application. Towards this end, the Company will continue to work tirelessly with SGX-ST in this process and provide an update to shareholders in due course on the results of the Exit Application. The Board would like to extend its appreciation to all shareholders for their support and understanding WE ARE HISTORY IN THE MAKING
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mondaybluesy Senior	23-Aug-2021 13:20        mondaybluesy About Contact  Quote this Post!
x 0   x 0  Alert Admin	This means the wait continues.  Because SGX has not had a profitable turnaround company before in applying for an exit from the SGX watchlist, so they  have no SOP to follow.  They don' t know how to check their boxes.  Oceanus management is patiently guiding SGX towards being confident in making a decision. Also tells us that the new Season Global Trading Pte Ltd entity is expected to bring in increasing revenue across the next few years, whose profits will spill over to the other three business pillars.  This is all part of their expansion plan. ckmpd1      ( Date: 23-Aug-2021 13:13) Posted: Is this good news or bad news regarding the watchlist exit application? Jacklim82      ( Date: 23-Aug-2021 13:10) Posted: The Board of Directors (?Board?) of Oceanus Group Limited (?Company?) refers to the announcements dated 14 December 2015, 8 December 2018, 6 March 2018, 1 June 2018, 4 April 2019, 24 April 2019, 30 May 2019, 12 June 2019, 28 June 2019, 17 September 2019, 9 April 2020, 13 April 2020, 8 May 2020, 15 June 2020, 26 February 2021 and 11 March 2021 pertaining to the Company?s placement on the Watch-List of the Singapore Exchange Securities Trading Limited (?SGX-ST?), subsequent applications for extension of time and eventual submission of application to exit the Watch-List on 13 April 2021 (?Exit Application?). The Board wishes to announce that following the Exit Application, SGX RegCo is in close communication with the Company on the Exit Application. The Company?s proposal to exit the Watch￾ List entails the contribution of its various key revenue drivers, particularly its Distribution segment that saw significant growth during the financial year ended 31 December 2020, following the establishment of its fast-moving consumer groups distribution subsidiary, Season Global Trading Pte Ltd. (?SGT?). In collaboration with the joint venture partner, SGT is expected to handle increased trading volumes in the upcoming year as it continues to build its reputation amongst its customers as a Singapore-based business. This is part of the Company?s longer-term strategy to establish its global supply chain capabilities and supplement its three other key business pillars (Food Production, Services and Innovation). The Company is working on providing SGX-ST with further requested information and assurance in relation to this growing business segment, to facilitate the Company?s exit of the Watch￾ List The Company is not aware of any precedent in the history of SGX-ST?s Watch-List, whereby a company having faced a similar situation for such an extended period, successfully achieves a complete turnaround through concerted restructuring efforts, and submits an Exit Application. Towards this end, the Company will continue to work tirelessly with SGX-ST in this process and provide an update to shareholders in due course on the results of the Exit Application. The Board would like to extend its appreciation to all shareholders for their support and understanding. Shareholders and potential investors are advised to exercise caution when dealing in the shares of the Company. Shareholders and potential investors should note that there is no certainty or assurance as to the outcome of the application to exit the Watch-List. Shareholders and potential investors are advised to read all further announcements by the Company carefully and to consult their stockbrokers, bank managers, solicitors or other profes
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surgiooo Member	23-Aug-2021 13:16        surgiooo About Contact  Quote this Post!
x 0   x 0  Alert Admin	Good, because they need to stablise the market,and update the shareholder, which is the responsible thing to do. someone already mentioned , takes 1-2 weeks for exchange of information, between SGX and Oceanus, before Final announcment. ckmpd1      ( Date: 23-Aug-2021 13:13) Posted: Is this good news or bad news regarding the watchlist exit application? Jacklim82      ( Date: 23-Aug-2021 13:10) Posted: The Board of Directors (?Board?) of Oceanus Group Limited (?Company?) refers to the announcements dated 14 December 2015, 8 December 2018, 6 March 2018, 1 June 2018, 4 April 2019, 24 April 2019, 30 May 2019, 12 June 2019, 28 June 2019, 17 September 2019, 9 April 2020, 13 April 2020, 8 May 2020, 15 June 2020, 26 February 2021 and 11 March 2021 pertaining to the Company?s placement on the Watch-List of the Singapore Exchange Securities Trading Limited (?SGX-ST?), subsequent applications for extension of time and eventual submission of application to exit the Watch-List on 13 April 2021 (?Exit Application?). The Board wishes to announce that following the Exit Application, SGX RegCo is in close communication with the Company on the Exit Application. The Company?s proposal to exit the Watch￾ List entails the contribution of its various key revenue drivers, particularly its Distribution segment that saw significant growth during the financial year ended 31 December 2020, following the establishment of its fast-moving consumer groups distribution subsidiary, Season Global Trading Pte Ltd. (?SGT?). In collaboration with the joint venture partner, SGT is expected to handle increased trading volumes in the upcoming year as it continues to build its reputation amongst its customers as a Singapore-based business. This is part of the Company?s longer-term strategy to establish its global supply chain capabilities and supplement its three other key business pillars (Food Production, Services and Innovation). The Company is working on providing SGX-ST with further requested information and assurance in relation to this growing business segment, to facilitate the Company?s exit of the Watch￾ List The Company is not aware of any precedent in the history of SGX-ST?s Watch-List, whereby a company having faced a similar situation for such an extended period, successfully achieves a complete turnaround through concerted restructuring efforts, and submits an Exit Application. Towards this end, the Company will continue to work tirelessly with SGX-ST in this process and provide an update to shareholders in due course on the results of the Exit Application. The Board would like to extend its appreciation to all shareholders for their support and understanding. Shareholders and potential investors are advised to exercise caution when dealing in the shares of the Company. Shareholders and potential investors should note that there is no certainty or assurance as to the outcome of the application to exit the Watch-List. Shareholders and potential investors are advised to read all further announcements by the Company carefully and to consult their stockbrokers, bank managers, solicitors or other profes
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ckmpd1 Supreme	23-Aug-2021 13:13        ckmpd1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Is this good news or bad news regarding the watchlist exit application? Jacklim82      ( Date: 23-Aug-2021 13:10) Posted: The Board of Directors (?Board?) of Oceanus Group Limited (?Company?) refers to the announcements dated 14 December 2015, 8 December 2018, 6 March 2018, 1 June 2018, 4 April 2019, 24 April 2019, 30 May 2019, 12 June 2019, 28 June 2019, 17 September 2019, 9 April 2020, 13 April 2020, 8 May 2020, 15 June 2020, 26 February 2021 and 11 March 2021 pertaining to the Company?s placement on the Watch-List of the Singapore Exchange Securities Trading Limited (?SGX-ST?), subsequent applications for extension of time and eventual submission of application to exit the Watch-List on 13 April 2021 (?Exit Application?). The Board wishes to announce that following the Exit Application, SGX RegCo is in close communication with the Company on the Exit Application. The Company?s proposal to exit the Watch￾ List entails the contribution of its various key revenue drivers, particularly its Distribution segment that saw significant growth during the financial year ended 31 December 2020, following the establishment of its fast-moving consumer groups distribution subsidiary, Season Global Trading Pte Ltd. (?SGT?). In collaboration with the joint venture partner, SGT is expected to handle increased trading volumes in the upcoming year as it continues to build its reputation amongst its customers as a Singapore-based business. This is part of the Company?s longer-term strategy to establish its global supply chain capabilities and supplement its three other key business pillars (Food Production, Services and Innovation). The Company is working on providing SGX-ST with further requested information and assurance in relation to this growing business segment, to facilitate the Company?s exit of the Watch￾ List The Company is not aware of any precedent in the history of SGX-ST?s Watch-List, whereby a company having faced a similar situation for such an extended period, successfully achieves a complete turnaround through concerted restructuring efforts, and submits an Exit Application. Towards this end, the Company will continue to work tirelessly with SGX-ST in this process and provide an update to shareholders in due course on the results of the Exit Application. The Board would like to extend its appreciation to all shareholders for their support and understanding. Shareholders and potential investors are advised to exercise caution when dealing in the shares of the Company. Shareholders and potential investors should note that there is no certainty or assurance as to the outcome of the application to exit the Watch-List. Shareholders and potential investors are advised to read all further announcements by the Company carefully and to consult their stockbrokers, bank managers, solicitors or other profess Jacklim82      ( Date: 23-Aug-2021 13:07) Posted: SGX Announcement on Watch List Exit. For more information, please refer to our announcement on SGXNet. #oceanusgroup #sgxwatchlistexit Update 2min from FB
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Jacklim82 Member	23-Aug-2021 13:10        Jacklim82 About Contact  Quote this Post!
x 0   x 0  Alert Admin	The Board of Directors (?Board?) of Oceanus Group Limited (?Company?) refers to the announcements dated 14 December 2015, 8 December 2018, 6 March 2018, 1 June 2018, 4 April 2019, 24 April 2019, 30 May 2019, 12 June 2019, 28 June 2019, 17 September 2019, 9 April 2020, 13 April 2020, 8 May 2020, 15 June 2020, 26 February 2021 and 11 March 2021 pertaining to the Company?s placement on the Watch-List of the Singapore Exchange Securities Trading Limited (?SGX-ST?), subsequent applications for extension of time and eventual submission of application to exit the Watch-List on 13 April 2021 (?Exit Application?). The Board wishes to announce that following the Exit Application, SGX RegCo is in close communication with the Company on the Exit Application. The Company?s proposal to exit the Watch￾ List entails the contribution of its various key revenue drivers, particularly its Distribution segment that saw significant growth during the financial year ended 31 December 2020, following the establishment of its fast-moving consumer groups distribution subsidiary, Season Global Trading Pte Ltd. (?SGT?). In collaboration with the joint venture partner, SGT is expected to handle increased trading volumes in the upcoming year as it continues to build its reputation amongst its customers as a Singapore-based business. This is part of the Company?s longer-term strategy to establish its global supply chain capabilities and supplement its three other key business pillars (Food Production, Services and Innovation). The Company is working on providing SGX-ST with further requested information and assurance in relation to this growing business segment, to facilitate the Company?s exit of the Watch￾ List The Company is not aware of any precedent in the history of SGX-ST?s Watch-List, whereby a company having faced a similar situation for such an extended period, successfully achieves a complete turnaround through concerted restructuring efforts, and submits an Exit Application. Towards this end, the Company will continue to work tirelessly with SGX-ST in this process and provide an update to shareholders in due course on the results of the Exit Application. The Board would like to extend its appreciation to all shareholders for their support and understanding. Shareholders and potential investors are advised to exercise caution when dealing in the shares of the Company. Shareholders and potential investors should note that there is no certainty or assurance as to the outcome of the application to exit the Watch-List. Shareholders and potential investors are advised to read all further announcements by the Company carefully and to consult their stockbrokers, bank managers, solicitors or other profess Jacklim82      ( Date: 23-Aug-2021 13:07) Posted: SGX Announcement on Watch List Exit. For more information, please refer to our announcement on SGXNet. #oceanusgroup #sgxwatchlistexit Update 2min from FB
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surgiooo Member	23-Aug-2021 13:09        surgiooo About Contact  Quote this Post!
x 0   x 0  Alert Admin	MAX 2 more weeks before WATCHLIST EXIT.  Once Oceanus reply back to SGX queries and just waiting SGX to come back. 2 MORE weeks
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