| Latest Forum Topics / Otto Marine Rg |
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Otto Marine
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darocupcake
Master |
08-Jun-2016 19:58
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Why delist when oil is up. Fishy
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Intercept
Veteran |
08-Jun-2016 19:58
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don't forget there was share conso 20-1 right? inconceivable that the offer price is only 32ct! if not taken over, high chance it will climb above that price with oil prices rebounding
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brchkho1
Master |
08-Jun-2016 19:50
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NAV should be USD0.9772
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darocupcake
Master |
08-Jun-2016 19:48
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Hope sgx reject
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brchkho1
Master |
08-Jun-2016 19:46
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NAV US0.9775 at SG0.32? It' s daylight robbery lah!
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darocupcake
Master |
08-Jun-2016 19:38
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The ceo also accept must be some sinister planned long ago
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edwinjup
Supreme |
08-Jun-2016 19:36
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Offer price super low... | ||||
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darocupcake
Master |
08-Jun-2016 19:27
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Really make retailer lost like mad
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darocupcake
Master |
08-Jun-2016 19:26
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Sian offer price so damn low
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darocupcake
Master |
08-Jun-2016 19:25
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Offer price 0.32 sucks
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pepperfox
Veteran |
08-Jun-2016 09:57
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watch today. :) |
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brchkho1
Master |
07-Jun-2016 08:36
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Wondering anyone notice Mr Yaw' s 60.95% holding in OTTO are held under trusteeship of RHB Bank Nominees and RHB Securities. Now RHB is representing a " secretive buyer" , who could he be?
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granto
Master |
07-Jun-2016 08:27
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Otto Marine takeover offer submitted: http://splash247.com/otto-marine-takeover-offer-submitted/ |
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ysh2006
Supreme |
07-Jun-2016 07:20
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Suppose offer price no good that is why keep secret...if good will early early announce loh....eg CM pacific Osim Inter Roller NOL and HTL loh....
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waters
Senior |
06-Jun-2016 23:18
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Why so secretive, no mention of the offer price and who is the offeror?!?! I am not shy to say I am a shareholder in Otto and my cost per share is more than $1 per share post share consolidation. My share worth is only a fraction. If Mr Yaw the big boy wanna sell off his stakes, Otto will go the way of delisting liao. Jia lat. My unrealised loss no chance of recouping |
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waters
Senior |
06-Jun-2016 23:09
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OTTO MARINE LIMITED (Unique Entity Number: 197902647M) (Incorporated with limited liability in the Republic of Singapore on 5 September 1979)
HOLDING ANNOUNCEMENT - UPDATE The board of directors (the &ldquo Board&rdquo ) of Otto Marine Limited (the &ldquo Company&rdquo ) refers to its holding announcement of 6 June 2016 (&ldquo Holding Announcement&rdquo ). The Company has this evening received a proposal in relation to a de-listing, which carries certain conditions, from RHB Securities Singapore Pte Ltd (RHB), the financial adviser to the potential offeror. In this regard, the Company had requested and obtained approval from the Singapore Exchange Securities Trading Limited for an extension of its trading halt by 2 market days, to enable the Company to convene a board meeting to consider the said proposal and to make an announcement thereafter. Shareholders are advised to exercise caution when dealing in the shares of the Company and to refrain from taking any action in respect of their shares in the Company which may be prejudicial to their interests. The directors of the Company (including those who have delegated detailed supervision of the preparation of this announcement) have taken all reasonable care to ensure that the facts stated in this announcement are fair and accurate and that no material facts have been omitted from this announcement, and they jointly and severally accept responsibility accordingly. By Order of the Board Michael See Kian Heng Group Chief Executive Officer & Group Executive Director 6 June 2016
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darocupcake
Master |
06-Jun-2016 21:49
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Nav 2016 is 90+ US cents. Dun think someone will offer abv $1
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kktiong
Member |
06-Jun-2016 21:44
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Ya agreed, so hope to recover abd reduce lost. The NAV is above $ 1 based on end 2015 so maybe u get $1 haha or more or fat hope |
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darocupcake
Master |
06-Jun-2016 21:40
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Given it has consolidated and price drop ard half after consolidate means retailer who bought before consolidation will suffer a great loss. I wonder what kind of price was offered. No matter what the offer is biggest loss is still retailer
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darocupcake
Master |
06-Jun-2016 21:37
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News say to delist and they are calling for board meeting to convene
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