PACC Offshore Services Holdings (POSH)

[opmi]

After my Jaya bad experience during the GFC, I never trusted any OSV plays... all con jobs.

Can u imagine 30yr scraps being passed off as viable assets and touted as growth stocks for Ezion...

Ezra has already passed its used by dates and has been struggling since...

Shipping is already a tough industry let alone a sector that depends on derived demand such as oil prices and the exploration activities...

No more OSV companies for me...

If OSV is good, why did PE owner of Jaya parted with Jaya's business at a discount after supposedly turning the corner?

Robert Kuok is a rich man that does need to watch share prices of his listees... In fact his timing on deals has always been excellent, he delists when it is cheap like in PCL and Allgreen and lists when he thinks that value is rich...

1 Cent Worth
GG

Already down 27% from IPO price of 1.15 . Bottom ?

Everybody said property was dead back then. And robert Kuok got it cheap. Now eveybody says shipping is dead. And robert Kuok sells only 25%. If it was that bad, why wouldnt he sell 80% ?

Sell 80% no one will buy from him.


Anyway tycoons used other people money to manage risk or grow bigger. If good stuff sure make type, wont share with the public one la.