GREEN OCEAN CORPORATION BERHAD

KLSE (MYR): GOCEAN (0074)

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Last Price

0.18

Today's Change

+0.005 (2.86%)

Day's Change

0.17 - 0.18

Trading Volume

8,290,000

Overview

Market Cap

38 Million

NOSH

211 Million

Avg Volume (4 weeks)

9,629,195

4 Weeks Range

0.165 - 0.18

4 Weeks Price Volatility (%)

100.00%

52 Weeks Range

0.10 - 0.275

52 Weeks Price Volatility (%)

45.71%

Previous Close

0.175

Open

0.17

Bid

0.175 x 1,515,200

Ask

0.18 x 64,200

Day's Range

0.17 - 0.18

Trading Volume

8,290,000

Financial Highlight

Latest Quarter | Ann. Date

30-Sep-2024 | 29-Nov-2024

Next QR | Est. Ann. Date

31-Dec-2024 | 28-Feb-2025

T4Q P/E | EY

-2.71 | -36.87%

T4Q DY | Payout %

0.00% | 0.00%

T4Q NAPS | P/NAPS

0.47 | 0.38

T4Q NP Margin | ROE

-137.68% | -14.06%

Market Buzz
Company Profile

Sector: CONSUMER PRODUCTS & SERVICES

Sector: CONSUMER PRODUCTS & SERVICES

Subsector: FOOD& BEVERAGES

Subsector: FOOD& BEVERAGES

Description:

Green Ocean Corp Bhd is an investment holding company. The company through its subsidiaries is involved in palm kernel crushing, refining of palm oil and palm kernel oil and trading of refined palm oil products. It is organised into the following operating divisions - Biotechnology related products; Information Communication Technology, and Other division. Biotechnology Related Products include palm oil kernel crushing and refinery, and premium health balanced cooking oil; Information Communication Technology division provides total information technology solutions, information management services, software applications, foundation and licensing and maintenance services; and Other division is engaged in the investment holding activities.

Discussions
9 people like this. Showing 50 of 4,790 comments

MACD

Nanti dah jumpa lantai beli le lagi

2024-01-15 16:00

Mattdavid

rebound soon

2024-01-15 16:25

sunsetbiz

rebound bit today aft 50% drop form high......later continue to ocean sea diving... :)

2024-01-16 12:08

saburo11

go back to 10 cent..

2024-01-19 15:52

Mattdavid

Pullback completed with increasing volume....Building support around 40MA

2024-01-31 10:45

AN7889

Dear Mattdavid, still can rebound?

2024-01-31 19:18

sunsetbiz

laughing when saw ppl giving hope...;)

2024-02-02 15:42

AhHuat168

sign of rebound to 0.225

2024-02-21 13:07

ysyap84

Can someone provide information for "the investment in quoted securities RM53,087,000" as mentioned in the report???

2024-02-21 13:48

ysyap84

Any contribution from this substantial shareholder i.e. KGI Securities Ptd Ltd to the business?

2024-02-21 13:51

ysyap84

Look likes it will become an investment company soon, to generate income from the trading in money market and listed equities ???? Because the revenue generated from the F&B is about RM2.4m (3 months ended 30/9/23).

2024-02-21 19:05

ysyap84

Suggested the shareholder under KGI Securities Ptd Ltd is a nominee account for someone. Need more info to confirm the findings.

2024-02-25 16:12

blackmamba87

QR coming out soon, any prediction on how is it going to be?

2024-02-27 15:25

sunsetbiz

hold by 0116 which is hand behind lol....all penny shares group holders same boss behind....:) grandparents 0150 also consol soon again lol

2024-02-28 11:44

Icon 888

Fully avoid

2024-03-06 00:11

Musfaz83

scable naik maybe gocean follow

2024-03-08 11:21

Mattdavid

zzzzzzzzzzzzzz...

2024-03-12 16:07

saburo11

hahaha..how many people get roasted by holding this stock after 29/12/2023..?

2024-03-13 17:31

Mattdavid

Come on...scable dh naik...gocean bile?

2024-03-22 11:32

Musfaz83

try . 11c cut , tgt 25c

2024-03-27 09:34

newbie9893

Big shark will goreng up Gocean in afternoon section...watch out

2024-03-27 12:13

Fznzm Abdullah

Now?

2024-04-02 12:32

saburo11

Ni company OKU..jenis lembam..ACE market company byk dh naik dia dok camtu ja..

2024-04-05 11:08

sunsetbiz

still got ppl believe tis company will fly... :)

2024-04-15 15:05

Mattdavid

gooD QR coming out soon?

2024-05-14 16:02

eatsmall

cominggg..

2024-05-20 19:19

eatsmall

commmiiinggg..

2024-05-21 16:29

eatsmall

wow warrant cheeaaapp..

2024-05-21 16:29

eatsmall

next sendaiii..

2024-05-21 16:31

eatsmall

resistance breakout..

2024-05-21 16:32

Mattdavid

yeah..warrant very cheap...gogo

2024-05-21 16:45

eatsmall

Fly babyyy..

2024-05-23 09:08

sunsetbiz

trap fishy lot again who waiting to fly....:)

2024-05-23 12:23

saburo11

get roasted again..?

2024-05-24 15:19

sunsetbiz

pity x 3....

2024-05-28 10:38

mf

2024-05-30

Quarter Result

Quarter Result on 31-Mar-2024[#2] QoQ - -983.76% YoY - -163.61%.

2024-05-30 21:18

eatsmall

cominggg..hope fly and fly

2024-07-05 09:08

whistlebower99

FOR NEWBIES

Announced EX Date Subject Ratio Offer
11 Oct 2023 25 Oct 2023 Share Consolidation 1.0000 : 10.0000 View
18 Nov 2020 01 Dec 2020 Rights Issue (warrant) 2.0000 : 1.000 0.1000 View
18 Jul 2014 06 Aug 2014 Others (warrant) 1 : 4 View

Multi year loss making company

Check P/L, Capital Changes
https://www.klsescreener.com/v2/stocks/view/0074/green-ocean-corporation-berhad

NOSH = 211,159,233
WB = 62,142,978

=================
After share consolidation of 10 to 1, NOSH is at a low level
What would directors do next?
Likely to raise more fund via share issuance to PP, ESOS, RI, asset axquisition ???

==================
Continue to monitor
quarterly results
directors plan for utilisation of company funds
directors plan for more fund raising via shares issuance to PP, ESOS, RI, asset acquisition, etc

2024-07-09 10:33

BLee

“whistlebower99 > FOR NEWBIES
Announced EX Date Subject Ratio Offer 11 Oct 2023 25 Oct 2023 Share Consolidation 1.0000 : 10.0000..directors plan for more fund raising via shares issuance to PP, ESOS, RI, asset acquisition, etc”

Newbies, the share Consolidation in Oct 2023 from 1sen x 10 adjusted to 10sen, now traded at 18sen, a gain of 80%. The trend now is not PP, ESOS, RI etc, it is BI of FREE warrants.
Example: NETX - Notice of Bonus Entitlement
BONUS ISSUE OF UP TO 468,976,320 WARRANTS IN NETX HOLDINGS BERHAD ("NETX" OR THE "COMPANY") ("WARRANTS D") ON THE BASIS OF 1 WARRANT D FOR EVERY 2 EXISTING ORDINARY SHARES IN NETX HELD AT 5.00PM ON 15 JULY 2024 ("BONUS ISSUE OF WARRANTS")
JAG - ISSUANCE OF 368,903,282 WARRANTS IN JAG ("WARRANTS C") ON THE BASIS OF 3 WARRANTS C FOR EVERY 5 EXISTING ORDINARY SHARES IN JAG HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY ("BONUS ISSUE OF WARRANTS")..listed on Wednesday, 3 July 2024 with close to 10X gain; and many more others example.
Note: I don't hold any Gocean share, only holding millions of Focus-PA in which mother Focus D is a majority Shareholder of Gocean. My FREE info is to highlight the 80% of Focus D gaining financially from this consolidation exercise. @whistlebower99 could be correct in his/her FREE sharing as previously, the trend of PP, ESOS, RI etc with close to 10% discounted price are very disadvantageous to existing shareholders. How about this New trend of BI with FREE warrants? The answer is in the AIR, my friend, as always Happy Trading and TradeAtYourOwnRisk.

2024-07-09 12:18

whistlebower99

Free warrants sound so good coz it is FREE
Lucky we got free air and water from Nature.
Other than these, not many things created by man are free for others.

Free warrants will definitely benefit big boys holding big chuck of the shares to receive big chunk of free warrants to control and goreng.
Free warrants might eventually be released into market for retailers to hold until expiry date without any returns when exercise price exceeded share price
If free warrants are converted into shares, retailers will have their small equity % further diluted. Same goes to the EPS if any

2024-07-09 14:44

BLee

“whistlebower99 > Free warrants sound so good coz it is FREE..free air and water from Nature…If free warrants are converted into shares, retailers will have their small equity % further diluted. Same goes to the EPS if any”

Good narrative. Posting at i3 is also FREE. What is this BI of FREE warrants ‘if’ converted?
Unlike PP and RI which pay first, BI is paid later ‘if’ the ‘conditions’ are met..nothing to lose.
Recent JAG BI of FREE warrants is a very good example of what happens to these FREE warrants; it is not FREE at all.
The highest price of JAG is around MYR0.4 (graphically BI adjusted 0.335) before BI drops to MYR0.28. The price dropped further to lowest MYR0.245 after the ex price.
Details from Link: https://www.klsescreener.com/detail.php?code=0024
As shown, the FREE warrants are actually not FREE for those holding at the highest price (actually there are two BI, 1 for 5 and 3 for 5).
I managed to buy some ex BI at MYR0.25; wish me luck..as always Happy Trading and TradeAtYourOwnRisk.

2024-07-09 22:54

Mattdavid

zzzzzzzzzz..

2024-08-07 16:15

whistlebower99

FOR NEWBIES

Announced EX Date Subject Ratio Offer
11 Oct 2023 25 Oct 2023 Share Consolidation 1.0000 : 10.0000 View

https://www.klsescreener.com/v2/stocks/view/0074/green-ocean-corporation-berhad

After share consolidation (1:10) in Oct 2023,
Current NOSH =211,159,233

Expect directors to go for massive fund raising via shares issuance to Rights issue, private placement or ESOS if directors unable to consistently generate profits from businesses

Predict when will the NOSH exceed 1 BILLION shares again !!!


2024-08-08 10:01

whistlebower99

FOR NEWBIES

Announced EX Date Subject Ratio Offer
11 Oct 2023 25 Oct 2023 Share Consolidation 1.0000 : 10.0000
18 Nov 2020 01 Dec 2020 Rights Issue (warrant) 2.0000 : 1.000 0.1000
18 Jul 2014 06 Aug 2014 Others (warrant) 1 : 4 View

Mostly losses in past years

https://www.klsescreener.com/v2/stocks/view/0074/green-ocean-corporation-berhad

Check P/L and Capital Changes

=====================
NOSH = 211,159,233 after share consolidation in Oct 2023

Expect directors to restart and continue massive fund raising via shares issuance to PP, ESOS, RI, asset acquisition, etc

Expect NOSH to increase and shareholder equity % and EPS to be diluted with massive share issuance in near future

==================
Continue to monitor
quarterly results
directors plan for utilisation of company funds
directors plan for more fund raising via shares issuance to PP, ESOS, RI , asset acquisition

2024-08-27 16:43

Mattdavid

good qr

2024-09-02 10:47

TomyamGong

Ok la .. managed to reduce the loss. But still hoping that management would have a proper plan to makes company have good prospects in future

2024-09-12 18:01

Mattdavid

Glove market going up today after news...hopefully Gocean can go up too

2024-09-17 11:50

JJPTR

BE CAREFUL if you are holding GOCEAN shares.

Current Financial Year End : 30/09/2024
New Financial Year End : 31/03/2025
Remark : The Board of Directors of the Company has approved the change of
financial year end of the Company from 30 September to 31 March. Following the
change of the financial year end, the next set of audited financial statements
shall be made up for a period of 18 months from 1 October 2023 to 31 March
2025.

2024-09-17 12:26

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