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Oculus has entered into non-binding MOUs over last few months to acquire 28 hydropower plants in various Chinese provinces.
contribution from the hydropower plants to come onstream beyond FY07. In
addition, in the course of its transformation, key concerns include
execution risks and possible need for further capital raising exercises to
fund its acquisitions, continue to weigh on the stock.
So the price go up some more while in the midst of fund raising? :lol: :lol:[/quote]..Oculus just got $100mil financing from an US fund manager with no interest payment required..ie they're prepared(US Fund Mgr) to hold till maturity--very rare to have a fund mgr that has absolute trust in Oculus..only speaks well of Oculus financials and future potentials...after this coming rights issue at 32cts...co is not in immediate need of financing..so DMG is wrong in their analysis again..suspect because DMG only allow sell on Oculus counter and no buying allowed unless pay cash upfront....so don't trust their recommendation
Those who short Oculus from 24 to 26cts lost $$$...Oculus has strong support despite Wall St drop>280 points Oculus ended up in green..if sentiments improve crossing the rights issue price of 32cts and beyond ssssshd be no problem
Oculus Ltd has signed two non-binding memorandums of understanding (MOUs) with a view to investing in four hydroelectric plants in China for a total of 210 million Singapore dollars, the company said Friday.
The company said it had signed an MOU with Soh Dang Cheng on the purchase of three companies, each of which owns and operates a hydroelectric plant in the eastern Chinese province of Fujian.
Oculus has also signed an MOU with Xiamen Baoheng Trading Co Ltd to develop and operate a hydroelectric plant in Nanya.
The parties have 30 days to reach definitive agreements. Oculus said the four plants would together have an estimated capacity of 161 megawatts.
Oculus drop to a low of 24cts this morning before recovering to 27.5/28cts superb performance consider Wall St drop >280pts.. this week or next week likely will cross 32cts.
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very dangerous stock...always change of directors...internal conflicts....
Technically, Oculus may cross 30 cts sooner than expected ?
Holding well, considering other performers .....
Not surprising if Oculus turns positive later .....
Interesting stock .....
Alantac too .....
shortist zero in tis cts,,,,,,,,under radar selling
RUN FIRST,,,,,,,,DUN LOOK BACK......ALL I CAN TELL IS SELL AND WAIT......BAD TIME COMING
the more they sign the worst you are if you are the investor because your share will be diluted.
Becareful of this counter, the bb may be trying to push it up to unload. Remember someone actually got the placement at 30c.
So just be more careful for those who buy this counter.
anything related to energy shd be ok..
Oculus to invest in 4 hydroelectric plants in China for $210 mln
Oculus Ltd has signed two non-binding memorandums of understanding (MOUs) with a view to investing in four hydroelectric plants in China for a total of 210 million Singapore dollars, the company said Friday.
The company said it had signed an MOU with Soh Dang Cheng on the purchase of three companies, each of which owns and operates a hydroelectric plant in the eastern Chinese province of Fujian.
Oculus has also signed an MOU with Xiamen Baoheng Trading Co Ltd to develop and operate a hydroelectric plant in Nanya.
The parties have 30 days to reach definitive agreements. Oculus said the four plants would together have an estimated capacity of 161 megawatts.
resistance 28cts broken...all the way to cross 32cts soon
Has anyone notice the swift recovery of Oculus move from 15cts to 18..20..22....25 and 27cts now...major sh holder Ariel has undertaken to take up all its rights entitlement at 32cts each...recent financing obtained is gd news for Oculus..show financiers/investors are confident of co's projects.
OCULUS SECURES $100M FINANCING FACILITY
Business Times (23 Aug) - Oculus Ltd said yesterday it has secured a $100 million financing facility from a major New York-based fund manager to fund its business expansion in renewable energy and oil services businesses.
The facility is a convertible bond that gives the bondholder an option but not the obligation to convert the debt into equity. Under the bond subscription agreement, Oculus will issue up to $100 million in zero-coupon convertible bonds - in 50 successive tranches of $2 million each - to DB Zwirn Mauritius Trading No 3 Ltd and its affiliates.
The maturity date is five years after the date of issue.
After the issue of the initial tranche of $2 million, either Oculus or DB Zwirn would have the option to ask for subsequent tranches within five years of the initial completion date of the first tranche.
DB Zwirn is wholly owned by DB Zwirn Special Opportunities Fund, a partnership managed by DB Zwirn & Co, a global alternative investments manager and financial group with more than US$5 billion worth of assets under management.
Oculus said the terms of the convertible bonds are favourable to the company. There is no interest payable on the bonds, no restrictions on future borrowings and future equity raisings and no subordination of existing financing facilities. The group will also issue bonds only as and when needed. The facility can be terminated by either party.
Oculus executive director Low Shiong Jin said: 'Oculus is in a position today to issue convertible bonds on such favourable terms because of our strengthened financials and bright prospects going forward.'
While the main objective of issuing the convertible bonds is to raise capital for business expansion, a related objective is to increase Oculus's market capitalisation and trading liquidity, the company said.
The bond agreement is subject to the approvals of SGX and Oculus's shareholders, among other conditions.
there is a strong Resistance at 0.28. once broken another resistance at 0.315.
I like this term under the S$100 million financing:
Programme to boost market capitalization and trading
liquidity
OCULUS SECURES $100M FINANCING FACILITY
Business Times (23 Aug) - Oculus Ltd said yesterday it has secured a $100 million financing facility from a major New York-based fund manager to fund its business expansion in renewable energy and oil services businesses.
The facility is a convertible bond that gives the bondholder an option but not the obligation to convert the debt into equity. Under the bond subscription agreement, Oculus will issue up to $100 million in zero-coupon convertible bonds - in 50 successive tranches of $2 million each - to DB Zwirn Mauritius Trading No 3 Ltd and its affiliates.
The maturity date is five years after the date of issue.
After the issue of the initial tranche of $2 million, either Oculus or DB Zwirn would have the option to ask for subsequent tranches within five years of the initial completion date of the first tranche.
DB Zwirn is wholly owned by DB Zwirn Special Opportunities Fund, a partnership managed by DB Zwirn & Co, a global alternative investments manager and financial group with more than US$5 billion worth of assets under management.
Oculus said the terms of the convertible bonds are favourable to the company. There is no interest payable on the bonds, no restrictions on future borrowings and future equity raisings and no subordination of existing financing facilities. The group will also issue bonds only as and when needed. The facility can be terminated by either party.
Oculus executive director Low Shiong Jin said: 'Oculus is in a position today to issue convertible bonds on such favourable terms because of our strengthened financials and bright prospects going forward.'
While the main objective of issuing the convertible bonds is to raise capital for business expansion, a related objective is to increase Oculus's market capitalisation and trading liquidity, the company said.
The bond agreement is subject to the approvals of SGX and Oculus's shareholders, among other conditions.
look attractive but will they withdraw the fund as they like when market collapse?
FOR IMMEDIATE RELEASE
Oculus secures S$100m financing from New York fund for business
expansion
? S$100 million convertible bonds to finance Oculus?s
expansion in renewable energy and oil services businesses.
? Favourable terms with zero coupon rate, no negative pledge,
no restrictions on future equity raisings, no subordination of
existing financing facilities
? Programme to boost market capitalization and trading
liquidity
? Subscription by US$5 billion New York-based fund manager
represents a huge vote of confidence in Oculus?s prospects