Ocean Resources Capital Share Discussion Threads

[rambutan2] 29/11/2004 15:00

yes, looking good there and also at bdi mining (bdg).

[raulcastro] 29/11/2004 14:00

See the story on Archipelago today?

[rambutan2] 29/11/2004 13:53

st barbara agm statement...

[buffin] 18/11/2004 08:45

The list of large shareholders is a lot more interesting now than it was when the very long header was written:

Man Financial Ltd 11,825,000 13.87%
Deutsche Bank AG 11,600,000 13.61%
Laxey Partners Ltd (dup) 10,000,000 11.73%
Credit Agricole Cheuveux International Ltd 9,000,000 10.56%
RAB Capital Ltd 8,625,500 10.12%
QVT Fund LP 8,625,000 10.12%
SG Options Europe 7,150,000 8.39%
St Barbara Mines Ltd 4,104,431 4.82%
Premier Enterprise Fund 3,500,000 4.11%
New Star UK Capital Growth Portfolio 3,500,000 4.11%
Value Catalyst Fund Ltd (dup) 3,407,500 4.00%
New Star Global Portfolio 3,250,000 3.81%
RBC (Channel) Ltd 3,000,000 3.52%
RAB Europe Fund Ltd 2,598,313 3.05%

[raulcastro] 17/11/2004 19:28

OCE has A LOT of cheap gold exposure in its portfolio. If management don't mess things up I don't see why this company shouldn't be able to make good returns on its investments. Hopefully QVT will take an activist approach and begin the process of realising value from this Co....

[buffin] 16/11/2004 10:36

Yes but this is the OCE board.

[shirishg] 16/11/2004 00:11

POST REMOVED BY ADVFN

[rambutan2] 01/11/2004 17:02

the new (and interesting) 10% shareholder...


LATEST NEWS
September 30, 2004
Hedge fund buys Interstate stock
A manager for a hedge fund based in the Cayman Islands has bought more than 5 percent of Interstate Bakeries Corp.'s outstanding stock, according to a document filed Wednesday with the Securities and Exchange Commission.

Daniel Gold, CEO of QVT Financial LP, did not respond to an inquiry into why his fund was acquiring stock in the Kansas City-based company, which filed for Chapter 11 bankruptcy on Sept. 22.

Gold left Deutsche Bank earlier this year to set up a hedge fund. It is thought that the fund will manage more than $2 billion, according to a story on the Web site telegraph.co.uk.

QVT Financial LP is the investment manager for QVT Fund LP, which beneficially owns 2.6 million shares of common stock in Interstate (OTC:IBCIQ.PK), according to the SEC filing. QVT Financial also is the investment manager for a separate discretionary account managed for Deutsche Bank AG, which holds 668,777 shares of Interstate common stock.

Put together, QVT Financial is deemed the beneficial owner of 3.3 million shares, or 7.27 percent, of outstanding Interstate stock.

Interstate's stock was trading at $3.95 about 12:30 p.m. Thursday, down 3.66 percent from Monday's close of $4.10.

Interstate's stock began trading over the counter on Sept. 24, a day after it was delisted by the New York Stock Exchange.

John McMillin, an analyst with Prudential Equity Group LLC, said in a written statement that there should be equity value left after Interstate emerges from bankruptcy, unless debt holders force extreme dilution.

In filing for bankruptcy, Interstate reported $1.6 billion in assets and $1.3 billion in liabilities.

"Looking at free cash flow generation in the fiscal 2000 to 2003 period, it can be debated whether this filing is a 'death' from Atkins or a 'suicide' designed to lower costs against onerous union contracts for its 32,000 employees," McMillin said. "We believe the latter is more true and wonder whether the company that emerges from bankruptcy performs as well as Kmart has in the last 18 months."

[rambutan2] 27/10/2004 14:56

scorpio, isnt that one of ours?

[raulcastro] 25/10/2004 17:10

some big trades today!

[rambutan2] 18/10/2004 13:58

perhaps energyi could put their respective threads in the header?
bdi =
archipeligo =
st barbara =

[raulcastro] 15/10/2004 20:34

I think next month's NAV could be a nice surprise.
Archipelago, BDI Mining Corp, to name but a few that are doing better....

[rambutan2] 15/10/2004 11:50

archipelago has shot up this morning, albeit from a low.

[responsible lad] 11/10/2004 18:16

I understand the reason of punt since I would of done it myself if I had the funds to see how close the market makers could put the share price to the NAV price. Though it did not seem to work out, so I am glad I did not buy now.

[binary10010] 11/10/2004 15:41

spec

what u think of oce? thanks

[spectoacc] 11/10/2004 13:54

That's some delay you've got in your newsfeed RL - last NAV:

RNS Number:9492C
Ocean Resources Capital HoldingsPLC
14 September 2004

OCEAN RESOURCES CAPITAL HOLDINGS PLC

Net Asset Value per Ordinary Share

Ocean Resources Capital Holdings PLC announces that the unaudited net asset
values of its Ordinary Shares as at the close of business on 30th July and 31st
August respectively were 30.77p and 30.44p per share.

14th September 2004

[binary10010] 11/10/2004 13:17

yeah right

u missed out again, LOL

[responsible lad] 11/10/2004 13:06

This is bad news since their nav assett value was 33p when they last anounced their NET assett value in July, and their shareprice was only what it is now. I will not be buying.

[spectoacc] 11/10/2004 12:35

RNS Number:9363D
Ocean Resources Capital HoldingsPLC
11 October 2004


Net Asset Value per Ordinary Share


Ocean Resources Capital Holdings Plc ("Ocean" or "the Company") announces that
the unaudited net asset value of its ordinary shares as at the close of business
on 30 September 2004 was 30.52p per share.

Ocean is also pleased to announce that BDI Mining Corporation ("BDI"), where the
Company owns 8 million common shares was successfully admitted to AIM on 30
September 2004 raising #1.54 million via a placing. BDI's common shares are now
traded on AIM and the Toronto Stock Exchange's Venture Exchange. BDI has begun
commissioning of its Cempaka gem diamond mine in Kalimantan, Indonesia.

The directors of BDI expect Cempaka to achieve Stage 1 commercial production by
the end of December, and generate free cash flow in excess of US$3 million
during 2005. The mine is estimated to have a plus 10 year mine life from
alluvial resources containing in excess of 700,000 carats of gem diamonds.


For further information, please contact:
David J Hutchins or J Merfyn Roberts at Ocean Resources Capital Holdings Plc
Telephone: [phone]


This information is provided by RNS
The company news service from the London Stock Exchange

[raulcastro] 08/10/2004 15:31

it wouldn't seem logical to sell now. Commodity prices are still doing very well, trouble is OCE's investments don't start generating cash until 2005/2006. If prices hold up they should do fine, but it's a long term bet.

[rambutan2] 08/10/2004 12:44

got my interim report yesterday.
cant decide whether this now much too cheap or a load of dross which aint going to come good?

[raulcastro] 04/10/2004 10:37

Any reason for today's drop?

[raulcastro] 01/10/2004 15:57

The old BM DiamondCorp is listing on AIM........

[topvest] 11/9/2004 18:57

Energyi - Surprised you like this one. IMO the strategy of this company was flawed from day 1. Obtaining income through convertibles etc. from fledgling mining companies doesn't stack up. As such, you have to question the judgement of the directors wrt all of their investments. Still, might be a buy one day! I'll keep watching.

[energyi] 08/9/2004 22:07

yes,
and it is coming to the AIM market soon