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Earning money with Ocean King.Potential Upside hig

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JustinQuek
    17-Oct-2012 12:55  
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used to have a share price of 45 cents ...so sad it turn out this way. hopefully it can go back to that price in time to come 
 
 
JustinQuek
    17-Oct-2012 09:34  
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but i was saying . someone dumping shares

will not change the fundamental aspects of the company. besides the investors that are issued shares at a higher price will probably pressure management into doing something abt the share price
 
 
stockmarketmind
    17-Oct-2012 09:33  
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I don't think it will be today, however when the day is about to come, I shall post.
 

 
JustinQuek
    17-Oct-2012 09:29  
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Might be the Yue De Hua guy disposing his shares.

When 220 million shares are disposed through open market

you have 220 million buyers which are potential sellers.

might have to wait for this guy to have near 0 percent left. which is pretty soon i think
 
 
mazimaz10
    17-Oct-2012 09:25  
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Hi Justin seems today is not the day for oceanus to cheong..................
 
 
tapildo76
    17-Oct-2012 09:12  
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Would be happy to see that Justin
 

 
JustinQuek
    17-Oct-2012 00:49  
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A wise trader will be emotionless, fearless and seek opportunities .in devalued markets.

at 0.051 i bought.but i   didnt know the bottom . so i entered some first 

The question is only when and how will the rebounce occur.

  I strongly believe it will be today 17th of october. 

 

xing78      ( Date: 17-Oct-2012 00:25) Posted:

wise trader will not waste time and money in this counter. come back after 3 months to review again.

JustinQuek      ( Date: 17-Oct-2012 00:16) Posted:

lo


 
 
xing78
    17-Oct-2012 00:25  
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wise trader will not waste time and money in this counter. come back after 3 months to review again.

JustinQuek      ( Date: 17-Oct-2012 00:16) Posted:

lol

tapildo76      ( Date: 16-Oct-2012 22:24) Posted:



this stock immortal soon?

 


 
 
JustinQuek
    17-Oct-2012 00:16  
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lol

tapildo76      ( Date: 16-Oct-2012 22:24) Posted:



this stock immortal soon?

 

 
 
JustinQuek
    16-Oct-2012 23:45  
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Disclaimer
Used this only at your own risk and this information just my own personal opinion and analysis.
These are my knowledge sharing,sometimes I do make  mistakes,but I try my best to avoid. I hope you enjoy my work
Used at your own Risk.Market often reacts differently and in a demand vs supply theory where there are sudden breakups and 
break downs.I have did other extensive research on other areas. But yea just sharing some stuff that I work on.
Thanks for reading.
OCEANUS analysis-M Test
Information Extracted
Variables Needed For Beneish Ratio
Highlighted means unsure if I calculated wrongly
  30/6/2012 31/12/2011
Accounts Receivables   $                  84,218.00   $        101,300.00
Total Revenues(add other income)   $                  68,616.00   $        145,290.00
Total Sales   $                  67,239.00   $        144,961.00
Gross Profit(Less Raw Materials +Feed+Fuel and Elec)   $          12,496.00   $    (62,901.00)
Non Current Assets   $            822,528.00   $        886,177.00
Current Liabilities   $            334,103.00   $        601,674.00
Property Plant and Equipment   $            794,862.00   $        857,801.00
Total Depreciation   $                  22,982.00   $            22,923.00
Total Assets   $      1,152,165.00   $ 1,286,874.00
Selling General and Adminstrative Expenses   $              (13,695.00)   $        (16,839.00)
Working Capital   $            (4,466.00)   $ (200,977.00)
Cash   $                  12,274.00   $            28,445.00
Long Term Debt   $            252,377.00   $                                          -   
Days’ Sales in Receivables Index
DSRI Ratio  30/6/2012 31/12/2011
Receivables    $                  84,218.00   $        101,300.00
Total Sales   $                  19,707.00   $        100,807.00
Receivables / Total Sales 4.2735 1.0049
This Year / Last Year 4.253  
 
Gross Margin Index
GMI 30/6/2012 31/12/2011
Gross Profit   $          12,496.00   $    (62,901.00)
Total Sales   $                  67,239.00   $        144,961.00
Gross Profit/Total Sales 0.186 -0.434
Last Year/This Year -2.335  
 
Asset Quality Index
AQI 30/6/2012 31/12/2011
Non-Current Assets    $            822,528.00   $        886,177.00
  Property Plant and Equipment   $            794,862.00   $        857,801.00
(Non-Current Assets – PP& E)   $                    27,666   $                28,376
Total Assets   $                            14,183   $                        14,630
(Non-Current Assets – PP& E) / Total Assets 1.951 1.940
Last Year/This Year 0.994  
 
Sales Growth Index
SGI 30/6/2012 31/12/2011
Total Sales   $                  67,239.00   $        144,961.00
This year/last year 0.464  
 
Depreciation Index
DEPI
Total Depreciation 30/6/2012 31/12/2011
Property Plant and Equipment   $            794,862.00   $        857,801.00
Total Depreciation   $                  22,982.00   $            22,923.00
Depreciation + Net PP& E   $                817,844   $            880,724
Depreciation / (Depreciation + Net PP& E) 0.028 0.026
Last Year / This Year 0.926  
 
SG& A Expense Index
SGAI 30/6/2012 31/12/2011
Selling General and Adminstrative Expenses   $                                  7,588   $                            7,415
Total Revenues   $                  68,616.00   $        145,290.00
SG& A / Revenues 0.111 0.051
This Year / Last Year 2.167  
 
Total Accruals to Total Assets
TATA 30/6/2012 31/12/2011
Working Capital    $            (4,466.00)   $ (200,977.00)
Cash   $                  12,274.00   $            28,445.00
Depreciation   $                  22,982.00   $            22,923.00
(Working Capital – Cash) – Depreciation   $                  (39,722)   $          (252,345)
This Year / Last Year 0.157 #REF!
 
Leverage Index
LVGI 30/6/2012 31/12/2011
Current Liabilities   $            334,103.00   $        601,674.00
Total Debt   $            252,377.00   $                                          -   
Current Liabilities+Total Debt   $                        586,480   $                  601,674
Total Assets   $      1,152,165.00   $ 1,286,874.00
Total Debt+Total Current Liabilities/Total Asets   $                                  0.509   $                            0.468
This Year / Last Year 1.089 #REF!
Weightage Mutiplier Effect 30/6/2012 Contri M Score
       
Fixed Value 1.000 -4.840 -4.840
DSRI 0.920 4.253 3.912
GMI 0.528 -2.335 -1.233
AQI 0.404 0.994 0.402
SGI 0.892 0.464 0.414
DEPI 0.115 0.926 0.107
SGAI -0.172 2.167 -0.373
TATA 4.679 0.157 0.737
LVGI -0.327 1.089 -0.356
Overall M Score N.A N.A -1.231
My opinion
According to the Overall M score, the financials looks to be reasonably stated.
 

 
tapildo76
    16-Oct-2012 22:24  
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this stock immortal soon?

 
 
 
JustinQuek
    16-Oct-2012 20:03  
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lol how many lots you have in total.

Bopanha      ( Date: 16-Oct-2012 16:02) Posted:

Bought 4.3 cents 100 lots, wah must move up if not die like the abalone, lol.

 
 
JustinQuek
    16-Oct-2012 18:11  
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ok it has become this bad . so sad...

imma have time today to do a full research report of this oceanus for the long term view

if ya interested  pm me.then i wiill be more motivated to dowith more people  maybe a few thousand words kind of report.with lots of data and figures and comparison analysis.those 10 pages kind of report.

just on the FA and Advanced accounting part. and some of my opinions

TA im not going to rely on it.this has become so bad and panic has set it. so right.just on the FA

 
 
 
oldbirdy
    16-Oct-2012 17:27  
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Abalone become " See Hup"   Smiley
 
 
brunica
    16-Oct-2012 16:23  
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can buy more at this price
 

 
bryancbq
    16-Oct-2012 16:18  
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just cut loss at 43. lol. 
 
 
Bopanha
    16-Oct-2012 16:02  
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Bought 4.3 cents 100 lots, wah must move up if not die like the abalone, lol.
 
 
srichipan
    16-Oct-2012 15:05  
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no doubt this might be a good share. But when it's low, it can go lower. Or it can rebound any day. No one can predict the future. So will keep track and start buying when this counter reverse to a uptrend by observing the 20/50 ma. Just my opinion. :)
 
 
JustinQuek
    16-Oct-2012 14:52  
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They should

Rent out the tanks those 50% which is vacant

Sell off assets land etc

Search for investors to dipose of land water tanks.

pegged management bulk of    pay to share price increase.

conduct daily sharebuybacks to counteract the yue de hua guy.

 

They need to do this to make a successful turn around.
 
 
GuavaXF30
    16-Oct-2012 14:28  
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Don't bother. This is a loser and there is no future here. Safer to put your money under your pillow if don't know what to do with it. I mean, overnight can die millions of dollars of abalone harvest ? How to believe ?

bryancbq      ( Date: 16-Oct-2012 13:52) Posted:

Haha. I am puzzled too.

Bopanha      ( Date: 16-Oct-2012 13:23) Posted:

What is the crux of the agreement in layman's terms, Teeth? Or anyone can put one single statement to the legal cliche?


 
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