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Singapore “Flyer” of the Week: Otto Marine Limited

otto logo Otto Marine Limited (SGX: G4F) clinches the Singapore “Flyer” of the Week, having gained 25.9% so far this week. It closed at $0.068 at the time of writing.

The company is an offshore marine group specialising in the subsea and deep sea segment and with three distinct business divisions – shipbuilding of specialised offshore support vessels, ship chartering and specialised offshore services operation.

On 18th September 2013, the company announced that it had entered into an agreement between Go Marine Investments Private Limited (GMIPL), Go Marine Group Pty Ltd (Go Marine) and a Singapore based private equity firm (PE firm). The PE firm has subscribed for S$10 million redeemable preference shares in GMIPL. GMIPL is a wholly owned subsidiary of Go Marine, which in turn is 90% owned by Otto Marine.

The company is trading at a PB ratio of 0.86 and does not give out dividends. It saw a net loss in Financial Year 2012.

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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice.  Motley Fool Singapore contributor Sudhan P doesn’t own shares in any companies mentioned.