Highlights
KLSE: GOCEAN (0074)       GREEN OCEAN CORPORATION BERHAD ACE : Consumer
Last Price Today's Change   Day's Range   Trading Volume
0.17   -0.005 (2.86%)  0.17 - 0.175  3,304,900
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Overview

Market Cap: 36 Million
NOSH: 211 Million
Avg Volume (4 weeks):5,967,870
4 Weeks Range:0.165 - 0.185
4 Weeks Price Volatility (%):
25.00%
52 Weeks Range:0.10 - 0.275
52 Weeks Price Volatility (%):
40.00%
Average Price Target: 0.23
Price Target Upside/Downside: +0.06

Financial Highlight

Latest Quarter | Ann. Date 30-Jun-2024 [#3]  |  30-Aug-2024
Next QR | Est. Ann. Date: 30-Sep-2024  |  29-Nov-2024
T4Q P/E | EY: -22.45  |  -4.45%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.4972  |  0.34
T4Q NP Margin | ROE: -16.11%  |  -1.52%

Headlines

Date Subject
23-Oct-2024 Green Ocean Proposes RM92.5m Share Capital Reduction
23-Oct-2024 Daily Market Commentary - 23 Oct 2024
23-Oct-2024 PublicInvest Research Headlines - 23 Oct 2024
23-Oct-2024 Daily Newswatch - 23 Oct 2024
23-Oct-2024 Mplus Market Pulse - 23 Oct 2024

Business Background

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.
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  9 people like this.
 
MACD Nanti dah jumpa lantai beli le lagi
15/01/2024 4:00 PM
Mattdavid rebound soon
15/01/2024 4:25 PM
sunsetbiz rebound bit today aft 50% drop form high......later continue to ocean sea diving... :)
16/01/2024 12:08 PM
saburo11 go back to 10 cent..
19/01/2024 3:52 PM
Mattdavid Pullback completed with increasing volume....Building support around 40MA
31/01/2024 10:45 AM
AN7889 Dear Mattdavid, still can rebound?
31/01/2024 7:18 PM
sunsetbiz laughing when saw ppl giving hope...;)
02/02/2024 3:42 PM
AhHuat168 sign of rebound to 0.225
21/02/2024 1:07 PM
ysyap84 Can someone provide information for "the investment in quoted securities RM53,087,000" as mentioned in the report???
21/02/2024 1:48 PM
ysyap84 Any contribution from this substantial shareholder i.e. KGI Securities Ptd Ltd to the business?
21/02/2024 1:51 PM
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).
21/02/2024 7:05 PM
ysyap84 Suggested the shareholder under KGI Securities Ptd Ltd is a nominee account for someone. Need more info to confirm the findings.
25/02/2024 4:12 PM
blackmamba87 QR coming out soon, any prediction on how is it going to be?
27/02/2024 3:25 PM
sunsetbiz hold by 0116 which is hand behind lol....all penny shares group holders same boss behind....:) grandparents 0150 also consol soon again lol
28/02/2024 11:44 AM
whistlebower99 Another quarterly losses
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3426106
29/02/2024 10:43 AM
Icon 888 Fully avoid
06/03/2024 12:11 AM
Musfaz83 scable naik maybe gocean follow
08/03/2024 11:21 AM
Mattdavid zzzzzzzzzzzzzz...
12/03/2024 4:07 PM
saburo11 hahaha..how many people get roasted by holding this stock after 29/12/2023..?
13/03/2024 5:31 PM
saburo11 https://thecorporatessecret.com/blog/2024/03/15/sc-serbu-syarikat-mafia-korporat-kenneth-vun-di-menara-lian-hoe-tropicana-dakwaan-penipuan-saham-rm20b/

Game over..
17/03/2024 5:43 PM
Mattdavid Come on...scable dh naik...gocean bile?
22/03/2024 11:32 AM
Musfaz83 try . 11c cut , tgt 25c
27/03/2024 9:34 AM
newbie9893 Big shark will goreng up Gocean in afternoon section...watch out
27/03/2024 12:13 PM
02/04/2024 12:32 PM
saburo11 Ni company OKU..jenis lembam..ACE market company byk dh naik dia dok camtu ja..
05/04/2024 11:08 AM
sunsetbiz still got ppl believe tis company will fly... :)
15/04/2024 3:05 PM
Mattdavid gooD QR coming out soon?
14/05/2024 4:02 PM
eatsmall cominggg..
20/05/2024 7:19 PM
eatsmall commmiiinggg..
21/05/2024 4:29 PM
eatsmall wow warrant cheeaaapp..
21/05/2024 4:29 PM
eatsmall next sendaiii..
21/05/2024 4:31 PM
eatsmall resistance breakout..
21/05/2024 4:32 PM
Mattdavid yeah..warrant very cheap...gogo
21/05/2024 4:45 PM
eatsmall Fly babyyy..
23/05/2024 9:08 AM
sunsetbiz trap fishy lot again who waiting to fly....:)
23/05/2024 12:23 PM
saburo11 get roasted again..?
24/05/2024 3:19 PM
sunsetbiz pity x 3....
28/05/2024 10:38 AM
mf 2024-05-30

Quarter Result

Quarter Result on 31-Mar-2024[#2] QoQ - -983.76% YoY - -163.61%.
30/05/2024 9:18 PM
eatsmall cominggg..hope fly and fly
05/07/2024 9:08 AM
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

09/07/2024 10:33 AM
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.
09/07/2024 12:18 PM
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
09/07/2024 2:44 PM
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.
09/07/2024 10:54 PM
Mattdavid zzzzzzzzzz..
07/08/2024 4:15 PM
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 !!!


08/08/2024 10:01 AM
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
27/08/2024 4:43 PM
Mattdavid good qr
02/09/2024 10:47 AM
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
12/09/2024 6:01 PM
Mattdavid Glove market going up today after news...hopefully Gocean can go up too
17/09/2024 11:50 AM
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.

17/09/2024 12:26 PM


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