Posted by Matsaham Mashuk > 2013-01-15 18:39 | Report Abuse

Hmm..wait T+3 for confirmation.nothing to loss..smile--)

Posted by Bullish > 2013-01-16 09:57 | Report Abuse

A new shareholder emerging? Target price 60cents

Posted by lmf_hau > 2013-01-16 16:12 | Report Abuse

The others stock r keep rising to all time high ,...

Y this stock keep sleeping ,,,,

Damn it ,,, rumouse stock ,,,, lead the majority to lose money ,,,,

Posted by lmf_hau > 2013-01-17 10:53 | Report Abuse

GOCean -1c , 31.5c ,

Droping woh , ^^ , y the so call leader here didnt support the px by rumousing around with cooking rising story ,,

Really sad to see px drop happening ,,,,

Come come ,, everyday buy 2 lots pls , hopes u all may goreng the price cross +60c ,,,

Hopes u all dream come true ..... Hopes n pray harder pls ....

Especially the Calling Leader here , claiming that "He" holding 950,000 share woh ,,,,

Posted by Bullish > 2013-01-17 12:36 | Report Abuse

Tomorrow Friday :)

Posted by humbled > 2013-01-17 14:30 | Report Abuse

Tomorrow Friday???? And???

Posted by limko > 2013-01-17 14:40 | Report Abuse

My neck oredi so long waiting for this GOCEAN to rocket...

Now every other counters rocket... GOCEAN on reverse gear pula !

Friday or no Friday. GOCEAN also under perform...

Can anyone advise, I am still holidng GOCEAN!

Posted by minitrader > 2013-01-17 15:52 | Report Abuse

my neck becoming longer n longer everyday too

Posted by 1313 > 2013-01-17 16:28 | Report Abuse

0.31 now......rebound soon?

Posted by lmf_hau > 2013-01-17 16:36 | Report Abuse

Then u all shd bagging the SO CALL LEADER who hold 950k Share , ask him more tips n information about the Dato or Tan Sri or Big Tycoon who promised to push above 50c mah..

HE further quoted the Dato with a famous named "RC" tim ,VS some outsider who pushing the px become cheaper for some kind of private placement exercise etc ,, , , ,,

But hor , , , this kind of story , doest not declare in any Annourcement too.....

the above story was rumousing since early of Dec 2012 ,,, so ,,
what the date now ???
what happen to the promising rise ???
讲好的50c 呢。。。。。

Moreover, cursing me is fake m nuts peanut tim ,
marked me knowing nothing about mkt tim ,
marked me as a story teller tim ,,,,

Posted by Bullish > 2013-01-17 16:53 | Report Abuse

I bought last minute... drop 0.5c

Posted by Bullish > 2013-01-17 17:01 | Report Abuse

Power of 2... see matching

Posted by Bullish > 2013-01-17 17:03 | Report Abuse

Tomorrow want bet? Lompat...

Posted by humbled > 2013-01-17 17:27 | Report Abuse

I hv gone thru that too..... Here supporters very sensitive and emotional....

Posted by minitrader > 2013-01-17 17:30 | Report Abuse

bullish...i bought some too last minute

Posted by Bullish > 2013-01-17 17:34 | Report Abuse

Watch Friday Monday tuesday

Posted by Bullish > 2013-01-17 17:34 | Report Abuse

:)

Posted by humbled > 2013-01-17 17:35 | Report Abuse

For everyone sake hope you are right. We will see tomorrow .........

Posted by Hong2 > 2013-01-17 18:55 | Report Abuse

:) :) :)

Posted by minitrader > 2013-01-17 19:03 | Report Abuse

:( :( :(

Posted by PETERMOO > 2013-01-18 14:09 | Report Abuse

as G Ocean becomes more attractive with better performance and business opportunities, the Owners may want to take it private. What say u? Then no need to bother about us small retailers. A penny for your thoughts.

Posted by PETERMOO > 2013-01-18 15:14 | Report Abuse

wow action on the eastern front!

Posted by minitrader > 2013-01-18 16:18 | Report Abuse

take private? at what price? RM1.00???hehehe

Posted by Bullish > 2013-01-18 16:38 | Report Abuse

:))))

Posted by 1313 > 2013-01-18 17:03 | Report Abuse

last minute closed at 0.325...not bad....... :)

Posted by minitrader > 2013-01-18 17:07 | Report Abuse

hehehe :)

Posted by humbled > 2013-01-18 17:12 | Report Abuse

Of course i am happy for everyone when price goes up but you might to confirm first how many lots were sold during that last transaction that pushed the price up 1 notch?

Posted by Bullish > 2013-01-18 17:23 | Report Abuse

Monday green

Posted by Siewpao > 2013-01-18 18:45 | Report Abuse

Angpow is coming soon?

Posted by richrich8 > 2013-01-18 20:37 | Report Abuse

Haha.... Still waiting... Magic show never happen... Haha... Wonder will it happen or not? Good luck guys!! :)

Posted by Bullish > 2013-01-18 21:02 | Report Abuse

Huat!!!

Posted by Bullish > 2013-01-21 09:55 | Report Abuse

Today The Edge Financial Daily Carey anarticle about GGOcean. Page 6.

Posted by minitrader > 2013-01-21 09:57 | Report Abuse

what about bullish?

Posted by Bullish > 2013-01-21 10:02 | Report Abuse

Company plan to spend 70 million this year to expand production and 200 million next few years. All the financial figures.

Posted by minitrader > 2013-01-21 10:20 | Report Abuse

ok. thanks.

Posted by Hong2 > 2013-01-21 10:24 | Report Abuse

Thanks, Bullish!

Posted by Bullish > 2013-01-21 10:32 | Report Abuse

Good buy!

Posted by minitrader > 2013-01-21 10:48 | Report Abuse

not babai???

Posted by Bullish > 2013-01-21 10:56 | Report Abuse

It looks like the market cap is set to grow if they need such capex

Posted by starships > 2013-01-21 14:49 | Report Abuse

Huat ah!!!!!!

Posted by Siewpao > 2013-01-22 00:45 | Report Abuse

DISCOVER YAHOO! WITH YOUR FRIENDS

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No takeover, says Green Ocean MD
By Ben Shane Lim of theedgemalaysia.com | The Edge Malaysia – 14 hours ago
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KUALA LUMPUR: The emergence of a new major shareholder in Green Ocean Corp Bhd over the past month has stirred rumours of a hostile takeover, but managing director Mckin Lee remains confident that he has enough support to maintain control of the ACE Market-listed outfit, which operates in the downstream segment of the palm oil industry.
“I don’t think there will be a hostile takeover. We have very strong support from our shareholders, with friendly parties controlling almost 50% of the company and we have no intention of taking the company private,” said Lee, who holds an indirect 14% stake in Green Ocean through South Korea-based Heshbon Co Ltd.
Heshbon and the remaining top 30 shareholders, comprising directors and individual investors including timber tycoon Tan Sri Tiong Hew King (with 0.54%), hold 47.8% of the company as at July 31, 2012, according to Green Ocean’s 2012 annual report.
Last November, Ng Chiew Eng, who is a private investor, emerged as a substantial shareholder in Green Ocean with a 6.13% stake, shortly after the company bagged a potentially lucrative contract with Sime Darby Bhd which could see the group pushing palm oil products into the relatively untapped South Korean market.
Ng has continued to buy more shares and based on a latest filing with Bursa Malaysia, as at Jan 16 he now controls 25.52% of Green Ocean, making him the single largest shareholder. In the past one year, Green Ocean’s share price has more than tripled to close at 32.5 sen last Friday, giving it a market capitalisation of RM60.6 million.
Lee said the two major shareholders — Heshbon and Ng — do not have any past association, although he has met Ng since the latter emerged as a major shareholder. From the meetings, Lee said Ng’s intentions were unclear.
But a close associate of Ng dismissed rumours that he would attempt to take over Green Ocean, describing Ng’s holdings as “friendly”.
“Ng is investing in Green Ocean in his personal capacity for the long term because he is confident in its prospects. He doesn’t intend to interfere in the management at this point in time, but is seeking representation on the board,” said the associate, adding that Ng was comfortable with his holdings.
Ng’s interest in Green Ocean could stem from its exclusive right to “NoveLin”, an edible palm oil derivative that is able to withstand cold temperatures.
“Right now, palm oil is unable to penetrate markets which have four seasons because it solidifies at around 20˚Celsius. But NoveLin is able to withstand cold temperatures giving us access to markets like South Korea, China and Europe (during winter) which were previously closed to palm oil products,” said Lee.
Green Ocean had four years ago acquired a 20-year exclusive rights for NoveLin from the Malaysian Palm Oil Board (MPOB), which developed and holds the patent for it. Since then, the company, which also specialises in information and communications technology, has found ways to commercialise the production of NoveLin.
“In the past two years, we have been working closely with Sime Darby to develop this product. Today, we have proof of concept to mass produce NoveLin,” said Lee.
Sime Darby currently purchases all of Green Ocean’s NoveLin production of 5,000 tonnes per annum for research and marketing purposes. But its bigger plan is to introduce and distribute the NoveLin-derived cooking oil in South Korea.
“We have formed a strategic partnership with Sime Darby to leverage on their extensive B2C (business-to-consumer) reach. Our role will simply be as a contract manufacturer [of NoveLin],” said Lee.
Sime Darby has already formed a partnership with South Korean food conglomerate CJ CheilJedang to distribute the palm-based cooking oil in South Korea.
Lee, who is a Korean national, said Green Ocean will be ramping up production capacity by 10 times this year to 50,000 tonnes per annum. The expansion is expected to cost about RM70 million, he added.
If NoveLin is successful in South Korea, Lee will look into marketing the product in China and eventually Europe where palm-based cooking oil is only sold seasonally at the moment.
The second phase of expansion could see the group expand its production capacity to 150,000 tonnes per annum in the next three to four years which will require capital expenditure of RM200 million.
How the group will fund this expansion has not yet been decided but it is opened to all options, said Lee.
NoveLin will be marketed as a premium oil, with an indicative price of

Posted by Siewpao > 2013-01-22 00:48 | Report Abuse

Continue......


KUALA LUMPUR: The emergence of a new major shareholder in Green Ocean Corp Bhd over the past month has stirred rumours of a hostile takeover, but managing director Mckin Lee remains confident that he has enough support to maintain control of the ACE Market-listed outfit, which operates in the downstream segment of the palm oil industry.
“I don’t think there will be a hostile takeover. We have very strong support from our shareholders, with friendly parties controlling almost 50% of the company and we have no intention of taking the company private,” said Lee, who holds an indirect 14% stake in Green Ocean through South Korea-based Heshbon Co Ltd.
Heshbon and the remaining top 30 shareholders, comprising directors and individual investors including timber tycoon Tan Sri Tiong Hew King (with 0.54%), hold 47.8% of the company as at July 31, 2012, according to Green Ocean’s 2012 annual report.
Last November, Ng Chiew Eng, who is a private investor, emerged as a substantial shareholder in Green Ocean with a 6.13% stake, shortly after the company bagged a potentially lucrative contract with Sime Darby Bhd which could see the group pushing palm oil products into the relatively untapped South Korean market.
Ng has continued to buy more shares and based on a latest filing with Bursa Malaysia, as at Jan 16 he now controls 25.52% of Green Ocean, making him the single largest shareholder. In the past one year, Green Ocean’s share price has more than tripled to close at 32.5 sen last Friday, giving it a market capitalisation of RM60.6 million.
Lee said the two major shareholders — Heshbon and Ng — do not have any past association, although he has met Ng since the latter emerged as a major shareholder. From the meetings, Lee said Ng’s intentions were unclear.
But a close associate of Ng dismissed rumours that he would attempt to take over Green Ocean, describing Ng’s holdings as “friendly”.
“Ng is investing in Green Ocean in his personal capacity for the long term because he is confident in its prospects. He doesn’t intend to interfere in the management at this point in time, but is seeking representation on the board,” said the associate, adding that Ng was comfortable with his holdings.
Ng’s interest in Green Ocean could stem from its exclusive right to “NoveLin”, an edible palm oil derivative that is able to withstand cold temperatures.
“Right now, palm oil is unable to penetrate markets which have four seasons because it solidifies at around 20˚Celsius. But NoveLin is able to withstand cold temperatures giving us access to markets like South Korea, China and Europe (during winter) which were previously closed to palm oil products,” said Lee.
Green Ocean had four years ago acquired a 20-year exclusive rights for NoveLin from the Malaysian Palm Oil Board (MPOB), which developed and holds the patent for it. Since then, the company, which also specialises in information and communications technology, has found ways to commercialise the production of NoveLin.
“In the past two years, we have been working closely with Sime Darby to develop this product. Today, we have proof of concept to mass produce NoveLin,” said Lee.
Sime Darby currently purchases all of Green Ocean’s NoveLin production of 5,000 tonnes per annum for research and marketing purposes. But its bigger plan is to introduce and distribute the NoveLin-derived cooking oil in South Korea.
“We have formed a strategic partnership with Sime Darby to leverage on their extensive B2C (business-to-consumer) reach. Our role will simply be as a contract manufacturer [of NoveLin],” said Lee.
Sime Darby has already formed a partnership with South Korean food conglomerate CJ CheilJedang to distribute the palm-based cooking oil in South Korea.
Lee, who is a Korean national, said Green Ocean will be ramping up production capacity by 10 times this year to 50,000 tonnes per annum. The expansion is expected to cost about RM70 million, he added.
If NoveLin is successful in South Korea, Lee will look into marketing the product in China and eventually Europe where palm-based cooking oil is only sold seasonally at the moment.
The second phase of expansion could see the group expand its production capacity to 150,000 tonnes per annum in the next three to four years which will require capital expenditure of RM200 million.
How the group will fund this expansion has not yet been decided but it is opened to all options, said Lee.
NoveLin will be marketed as a premium oil, with an indicative price of around US$12 per litre which is more expensive than soybean oil, he said.
“At US$12 per litre, one tonne will cost about US$12,000. It takes about two tonnes of crude palm oil (CPO) to produce one tonne of NoveLin and each tonne of CPO costs about US$1,000. Therefore, accounting for other costs, we’re easily looking at margins of around 500%,” said Lee.
As a contract manufacturer, Green Ocean will only be taking a fixed cut of the profits, sharing margins with Sime Darby and CJ

Posted by Siewpao > 2013-01-22 00:50 | Report Abuse

Don't sell your G Ocean! A Gold Mine in the making! Patience pay!

Posted by JASON80 > 2013-01-22 00:51 | Report Abuse

sure . gocean is in downtrend mode. if cont down still want to hold ?

Posted by talk2pkc > 2013-01-22 00:54 | Report Abuse

Turnover had dropped as shown on latest qtr , just need 2b careful n more homework .........

Posted by JASON80 > 2013-01-22 01:00 | Report Abuse

haha .. now everyone gambling

Posted by Bullish > 2013-01-22 14:19 | Report Abuse

Turnover drop due to fire incident n lower CPO price

Posted by minitrader > 2013-01-22 15:10 | Report Abuse

the past may not speak for the future...transformation ma...

Posted by JASON80 > 2013-01-22 15:13 | Report Abuse

history will repeat ...

Posted by 1313 > 2013-01-22 15:15 | Report Abuse

green already....! :)