Straits today mentioned that 2 key shareholders can converted their loans into shares. What does it means. The loan interest may be 5% per annum. If they converted means that they can realise greater profits if they were to keep as loans. Seems that breaking out the 0.47 before CNY is confirmed maybe even by this weekend.
Why the Taiwanese love Oceanus so much? Every day, chiong! Now NT$15, which is our S$0.655. Oceanus should have been a Taiwanese brand and company! :laugh:
Maybe many oceanus share buyers or sellers may not know about Taiwan current traded prices. But not to worry as the prices from 2 sides will narrow down sooner or later hopefully by CNY. With the 2 key shareholders converting their loans into shares that means 2 things: 1. To buy back some more shares from the market whenever there is a dip. If it happens there will be less shares in the market and means no more short sellers. 2. To earn larger CD later on when Oceanus declares profits for this year
Oceanus should be a good eye opener for the Singapore investors as well as the management of many S-chips. Do the Taiwanese investors see some good value in Oceanus that the Singapore investors failed to see as the share price in Taiwan has been going limit-up for a few sessions now? Perhaps the management of Oceanus should seriously consider the merits of delisting the stock from SGX and have all the shares listed in Taiwan bourse?
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