$OCEANUS GROUP LIMITED(579.SI)$
I was disappointed with Oceanus results. I must reiterate there is nothing to shout about if the oceamus cannot break even. Turnover means nothi g if the co.pa y co yi ues ti sucfer netissed I think the CEO must highlight why there is still big chunk of finance costs when the loans were converted to ordinary dhares. It is a double whammy for ordinary shares holders. The share value is diluted and the company is still whacked with interest costs. We need more details to understand better the co situation. . The FC should explaim. Then there is foreign exchamge loss.Clarification on this item should be sought. Is it translation losses on assets or actual foreign exchanges losses due to open fx trading positions.. Plse explain.
As for now there is no danger of oceanus going under. Just ride with the tide until the co.provides more details.
Comments
Despite recent financial disappointments of oceanus , shareholders plse refrain from liquidating their holdings at this juncture. The expected returns will be "peanuts" .
A significant factor impacting the future prospects of the company lies in the recent developments surrounding Japan's decision to release nuclear waste water into the sea. As a consequence, China has implemented a complete ban on seafood imports from Japan. This ban presents a unique opportunity for the local seafood farming industry to fill the impending market demand in China, potentially leading to a global shortage of seafood supply.
CEO must instill confidence in stakeholders and lay the groundwork for future success
Though we face financial disappointment of oceanus, it holds the potential for significant growth. With the ban on seafood imports from Japan by China, the company has the opportunity to meet the rising licak demand and contribute to mitigating a global seafood shortage.
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