bullish why not post your info here instead replying individually. better to have open discussion; this way will make everyone wiser. surely gentleman like you can take criticism from this forumer.as the saying goes have more friends rather than enemies. what says you
Hi Bullih and all the sifus.. yah miss the quietness from the respective comments, our ultimate objective is to make earnests $$ , hence, lets all hope n pray that GOcean will be a EVERGREEN and huat for ALL Investors..smile :)
Green Ocean: New major shareholder raises stake. In slightly over a month, Ng Chiew Eng, a substantial shareholder of Green Ocean Corp has gained the largest stake in the group with 20.6% as at Dec 5. Ng emerged as as a substantial shareholder of the group when he bought 11.4m shares on the open market, or a 6.1% stake, on Nov 2. (Financial Daily)
KUALA LUMPUR: In slightly over a month, Ng Chiew Eng, a substantial shareholder of Green Ocean Corp Bhd, has gained the largest stake in the group with 20.57% as at Dec 5.
The group’s next largest shareholder is Hesbon Co Ltd with a 14.05% stake as at July 31, according to the group’s 2012 annual report.
Ng emerged as a substantial shareholder of the group when he bought 11.43 million shares on the open market, or a 6.13% stake, on Nov 2. Since then, he has been aggressively buying shares on the open market.
He bought 14,437,200 shares from Nov 5 to Nov 8, doubling his shareholding to 13.88%.
In an announcement to Bursa Malaysia yesterday, Ng disclosed another acquisition of 56,000 shares on Dec 5, bringing the total to 38.35 million shares or 20.57% equity interest.
Green Ocean’s share price has been relatively robust, more than doubling in the past six months. The counter closed at 35.5 sen yesterday, up 102.86% from six months ago.
Trading volumes have also picked up. An average of 6.08 million Green Ocean shares have been traded daily in the past three months, compared with only 1.23 million shares in the prior three months.
The group on Nov 30 announced its second consecutive quarter of profit. For the quarter ended Sept 30, it posted a profit of RM690,000, a turnaround from a net loss of RM271,000 a year ago.
The profit was due to the reversal of an impairment loss on plant and equipment amounting to RM1.3 million in the quarter. Prior to the two profit-making quarters, the group had incurred eight straight quarters of losses.
Green Ocean recently entered into an agreement to supply refined bleached and deodorised palm oil to SIME DARBY BHD []. The contract period to supply the premium cooking oil under the NoveLin brand is two years plus one year.
NoveLin’s edible oil, patented and developed by the Malaysian Palm Oil Board, is a new and improved palm-based olein with unique composition and cold stability. It is a specially formulated to suit and meet the general market demand and nutritional recommendations of the World Health Organisation and the American Heart Association.
This article first appeared in The Edge Financial Daily, on Dec 12, 2012.
Taiko Ng breathless already.. others wait and see strategy .. either the same boat with him or missed the boat... and shrinking .. time will tell..smiles..
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
minitrader
2,273 posts
Posted by minitrader > 2012-12-12 07:16 | Report Abuse
Bullish...minitradersiong@yahoo.com