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| 27-May-2014 08:47 |
China Fishery
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China Fishery - Low PE
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Money is flowing into China Fishery, sale of Freezer-Trawler FV Leader US$20m, Qingdao plant demolish - receive a generous compensation for the relocation, and the money from exiting the Russian pollock business.Somehow market is keeping quiet about it. Let the market decides.China Fishery transfers freezer-trawler to Namibian JV for horse mackerel
Walvis Bay, Namibia. Photo: Jeremy T Hetzel
May 19, 2014, 9:34 am
China Fishery Group, the fishing arm of Pacific Andes International, has sold its freezer-trawler FV Leader to a Namibian joint venture which it partly owns. The FV Leader is now wholly owned by the Namibian fishing venture Atlantic Pacific Fishing, and will target Namibia' s horse mackerel fishery. At 120 meters in length, the trawler is the largest ever Namibian-owned fishing vessel, a spokesperson for China Fishery told Undercurrent News. According to the newspaper The Namibian, which first reported the news, the FV Leader employs 110 crew members and is valued at nearly $20 million. It will be based in Walvis Bay and will be deployed throughout the remainder of 2014 to harvest horse mackerel |
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| 27-May-2014 08:08 |
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Haha ... PG, it is like " Pot call the kettle black" . Don' t you agree that yours is also an isolated intelligence. Let' s based on Undercurrent news' report " The news follows the forecast by rating agency Moody&rsquo s that Pacific Andes will exit the Russian pollock business altogether." Why would Eva Tallaksen, Tom Seaman insert this sentence ? What did Moody' s forecast about China Fishery. Recently Moody' s research team said " The ratings outlook remains stable" after taking into account that Pacific Andes will exit the Russian pollock business altogether and that it suffered a 53% decline in revenue from its Russian supply business to $105.3m from October 2013 to March 2014 This executive said Pacific would receive a generous compensation for the move. Market will decide. Enjoy fishing
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| 01-May-2014 20:50 |
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Chile' s Corpesca to invest $60m this yearApril 24, 2014, 8:05 am
Chile' s largest fishing company Corpesca plans to invest $60 million in boosting production and diversifying its products this year, reported Diario Financiero. The investment will help increase production at the company' s Brazil subsidiary Selecta by 25%. Speaking at the annual shareholders meeting, Roberto Angelini &mdash who is chairman of Corpesca and the fishing group Pesquera Iquique Guanaye (Igemar) &mdash said fishing was expected to be better this year than 2013. In northern Chile, fishing for anchovy is somewhat better than at this time last year, while prices have also improved, he said. In the south, fishing is more difficult. However, the expected El Nino phenomenon could be beneficial for fishing in the south, said Angelini. The chairman added that Orizon is progressing with its production of omega 3 for the pharmaceutical market. |
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| 01-May-2014 20:40 |
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S69, remembered someone posted an article about Global fish consumption by 2030. Current world population ~7 billion and Projected world population by 2030 : ~ 8 billion Global fish consumption by 2030 : China (38%), rest of Asia (32%). Companies are investing, growing and expanding their business. Blumar to invest $25m in fishing division, $5m in aquaculture
Blumar' s hake filleting factory in Talcahuano. Photo: Blumar
April 25, 2014, 4:25 pm
Blumar Seafoods expects to invest $25 million from a planned $30m capital increase into its fishing division, while investing the rest into its aquaculture arm, the company said in a letter to shareholders. The Chilean catching and aquaculture producer approved on Dec. 9 a stock issuance of 170m new shares in order to raise $30m. According to the firm' s annual report for 2013, the capital increase will be used to strengthen Blumar' s financial position to finance activities in the fisheries and aquaculture areas in order to face the need for supply this year. From the funds obtained through the issue of shares, $25m will be invested in the company' s fishing division, of which $20m will be used to finance purchases from artisanal fisheries and $5m to acquire fixed assets.
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| 17-Apr-2014 10:49 |
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Get ready to buy ... because the moment you mentioned Carlyle, someone will sell ... Anyway this is not from me. China Fishery enters month of repayment for $355m loanBacked by private equity firm Carlyle Group LP, China Fishery had $578 million of debt at the end of 2013 which may have to be repaid within 12 months, according to an exchange filing.
China Fishery is " making progress" on refinancing the bridge loan, finance director Chan Tak Hei said on Feb. 27, declining to elaborate citing disclosure rules. The company aims to complete the refinancing this month, according to a Feb. 11 stock exchange filing. The Carlyle Group CG +0.83% is a global alternative asset manager with approximately $189 billion of assets under management across 118 funds and 106 fund of funds vehicles as of December 31, 2013. Haha ... i can understand why .... backed by Carlyle Group. If you want to sell ... sell so others can buy |
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| 17-Apr-2014 10:16 |
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The Carlyle Group CG +0.83% is a global alternative asset manager with approximately $189 billion of assets under management across 118 funds and 106 fund of funds vehicles as of December 31, 2013.The Carlyle Group Closes Carlyle Sub-Saharan Africa Fund at almost $700 millionDedicated African private equity fund focuses on businesses that support growing middle class LONDON, Apr 16, 2014 (BUSINESS WIRE) -- Global alternative asset manager The Carlyle Group CG +0.83%today announced the final close of Carlyle Sub-Saharan Africa Fund (CSSAF), reaching $698 million, almost $200 million above its initial target of $500 million. Marlon Chigwende, Managing Director and co-head of the Sub-Saharan Africa advisory team, said, " The success of the fundraising reflects investors' appetite for the strong economic growth that the region has experienced over the last decade, as well as the prospects for future economic development across the continent. Carlyle is one of the first global alternative asset managers to launch a dedicated Sub-Saharan African fund and we are grateful for the support of our fund investors, who share our belief that Sub-Saharan Africa offers many investment opportunities." The fund has strong support from African investors and also attracted a significant amount of international capital from investors around the world, including investors who are investing in Africa for the first time. With a focus on investment opportunities linked to the growth of the emerging middle class across Sub-Saharan Africa, key sectors for the fund are expected to include consumer, logistics, financial services and telecommunications. To date the fund has made two investments: Export Trading Group, an African based supply chain manager headquartered in Tanzania and J& J Africa, a logistics business headquartered in Mozambique. Mr. Chigwende added, " Carlyle has a strong track record of partnering with private, family owned and entrepreneurial firms and helping them to expand and compete on a global stage. Our team of locally-based investment professionals continues to see promising investment opportunities where we can help create value." David Rubenstein, co-founder and co-CEO of The Carlyle Group stated, " Carlyle has been an early mover in emerging markets, including China, India, Brazil and the MENA region, and we are optimistic about prospects for investing in Sub-Saharan Africa. The region has been the fastest growing developing market in the world outside of China, and we have a strong, experienced, local team in the region. We are very pleased with investor interest in this strategy." The advisory team for CSSAF has offices in Johannesburg, South Africa and Lagos, Nigeria and they will continue to benefit from the support of the firm&rsquo s global network of 34 offices. About The Carlyle Group The Carlyle Group CG +0.83% is a global alternative asset manager with approximately $189 billion of assets under management across 118 funds and 106 fund of funds vehicles as of December 31, 2013. Carlyle' s purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across four segments &ndash Corporate Private Equity, Real Assets, Global Market Strategies and Solutions &ndash in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,500 people in 34 offices across six continents. |
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| 15-Apr-2014 11:34 |
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Mother share, PAIH has strong movement ... getting ready to take off. Is there news waiting to be released ? Interesting |
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| 12-Apr-2014 14:14 |
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09 days before the fishing season starts on the 23 April 2014, any idea when they are supposed to release the quota for the season or already announced ? Anybody ..... please share.IFFO WELCOMES PERUVIAN ANCHOVY QUOTATuesday, October 8, 2013
The news of an increase in the Peruvian anchovy quota for the second fishing season starting in November has been welcomed by IFFO, the international marine ingredients trade organisation. Stable biomass has enabled the Peruvian Ministry of Production to announce that the industrial anchovy fishing quota for the north-central fishing area will be 2.3 million tonnes for the November 2013 to January 2014 fishing season. Peruvian anchovy is the world' s largest fishery and it has two fishing seasons each year - with the first for north-central usually running from May to July, and the second running from November to the end of the following January. 
The 2.3 million tonne quota is about 12 per cent higher than that for the first season of 2013 and more than 180 per cent higher than the 810,000 tonnes for the equivalent season of 2012. This new quota brings the fishery back into historically normal quota ranges after the 68 per cent quota reduction imposed for last year' s second season. Deputy Minister of Fisheries, Paul Phumpiu said the new quotas was a responsible quota intended to ensure the recovery of the biomass of the pelagic resource, established on the basis of a series of recommendations from the Instituto del Mar del Peru (IMARPE). Its latest survey determined the biomass at 10.3 million tonnes in the north-central area (5.3m 2012) and 1.87 million tonnes in the southern zone. In addition, the Government indicated that the anchovy capture season in the south area of Peru will have a quota of 430,000 tonnes, following 400,000 tonnes for the first season of 2013, and will run from late October until March 2014. Total annual quotas for this zone have remained around 700,000 to 850,000 for the whole year for several years. IFFO' s Director General, Andrew Mallison said: " We are very pleased to hear of increased quota based on sound science from IMARPE and the precautionary approach. The Government has also announced that surveillance systems will be strengthened on landings, discards, juvenile catch, by catch of other species and the anchovy reproductive process. It looks very much like the newly announced quotas are more in keeping with traditional historical figures and reflect the success of the emphasis on the long-term sustainability of this important marine resource." |
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| 11-Apr-2014 11:51 |
China Fishery
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OIC ... just wild guess. Thanks for your frankness. The BB has consolidated their position after the acquisition and completed the comprehensive refinancing. Market is wanting to see how the integration of the enlarged fishmeal operation during the second quarter of FY2014. " Our strategy of acquisition and consolidation of business in Peru is translating into strong growth for the Group," said Ng Joo Siang, China Fishery managing director. " We will continue to integrate our enlarged fishmeal operations during the second quarter of FY2014 to realize the full benefit from the synergies from our acquisition of Copeinca when the 2014 first season commences in April/May 2014. We are confident of profitability continuing into the next quarter." It is baseless to said that the NG' s is trying to prevent the price from going up above 0.52. Published on 11 February, 2014  China Fishery Group on Tuesday reported a 15.2 percent year-on-year increase in its profit to USD 15.7 million (EUR 11.5 million) for its first quarter ending 28 December 2013. Revenue increased by 34.4 percent to USD 145.2 (EUR 106.4 million) compared to USD 108.1 million (EUR 79.2 million), reflecting contributions from recently-acquired fishmeal and fish oil company Copeinca. For the time period, gross profit increased by 56.5 percent to USD 44.3 million (EUR 32.5 million) from USD 28.3 million (EUR 20.7 million). EBITDA increased by 43.1 percent to USD 63.3 million (EUR 46.4 million) from USD 44.2 million (EUR 32.4 million). Net profit after tax rose to USD 15.7 million (EUR 11.5 million) from USD 13.6 million (EUR 10 million), an increase of 15.2 percent. " Our strategy of acquisition and consolidation of business in Peru is translating into strong growth for the Group," said Ng Joo Siang, China Fishery managing director. " We will continue to integrate our enlarged fishmeal operations during the second quarter of FY2014 to realize the full benefit from the synergies from our acquisition of Copeinca when the 2014 first season commences in April/May 2014. We are confident of profitability continuing into the next quarter." Revenue from the Peruvian fishmeal operations, which accounted for 50.8 percent of total revenue, increased to USD 73.8 million (EUR 54.1 million) compared to USD 15.1 million (EUR 11.1 million) to. The increase was due to the acquisition of Copeinca. During the quarter, average selling prices of fishmeal and fish oil were USD 1,388 (EUR 1,017) per ton and USD 1,977 (EUR 1,448) per ton respectively, amid a significant increase in the TAC of Peruvian anchovy for the 2013 second fishing season. - See more at: http://www.seafoodsource.com/en/news/16-supply-trade/25533-copeinca-acquisition-boosts-china-fishery-1q#sthash.2CAOfLnC.dpuf |
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| 11-Apr-2014 09:18 |
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Stockpiler, where are you ? Please make clear your statement and help us to understand what you are trying to say ? If what you said is true, to unlock the shares and have more free floats ... all we need to do is ..... just BUY up the BB so that whoever is trying to prevent the price from going above 0.52, will have to SELL. We all know the BB is undervalued and attractive, what' s wrong with BUYING ... afterall the BB has already consolidated their position ... they have successfully acquired Copeinca and gotten the refinancing loan. Most of the concerns are over. Do we need to wait till the anchovy quota and the earnings report is out in 8 May 2014 ??? We have the speculators, investors, and CAPIIIA/ Carlyle looking to have a stake in the BB. Please share your thoughts ..... Kamsia |
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| 11-Apr-2014 08:41 |
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Stockpiler, Since they are the SSH if they sell their shares, isn' t it true they have to declare ??? Thanks |
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| 11-Apr-2014 08:34 |
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I don' t get it either. Best is for Stockpiler to explain why he thinks so ... Since they are the one to offer Carlyle the warrants, why did you said that NGs do not want the price going up ? Stockpiler, you said " Quite likely, the BBs, including the Ngs, will presumably try their best to prevent the price from crossing over 0.52.. so, the likely pple who want to see price crossing 0.52 will be CapIIA/Caryle." |
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| 10-Apr-2014 21:34 |
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Stockpiler, you said " Quite likely, the BBs, including the Ngs, will presumably try their best to prevent the price from crossing over 0.52.. so, the likely pple who want to see price crossing 0.52 will be CapIIA/Caryle." They are the one to offer Carlyle the warrants, why did you said that NGs do not want the price going up ? |
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| 10-Apr-2014 10:15 |
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All reports said the demand for fish is strong. So taking up the warrant shares is a sure thing ... just sooner or later. Result for the first quarter is coming soon ... isn' t it ? CWC don' t 
Fish Oil - March 2014 Fish oil price is expected to hold in the first quarter of 2014, based on strong aquaculture demand coupled with supply constraints in the anchovy fisheries of Latin America. The Gulf menhaden fishery is anticipated to maintain its high level of fish oil supply and exports achieved in 2013, based on a recent positive stock assessment that recommends harvests can be kept at current levels. Production Production of fish oil was up 9% between 2012 and 2013, with a total of 386 000 tonnes reported for the first nine months of 2013. Latin America remained an important source of Omega-3 production, especially for human consumption, as this product is highly dependent on anchovy fisheries. With recent announcements of major quota reductions in 2014 for anchovy fisheries in northern and southern Chile, this could have implications for the supply of fish oil later in the year, especially for omega-3 producers and fish farmers. However, Peru slightly raised its anchovy quota for 2014 back to more normal levels, following last year' s El Nino reductions. |
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| 10-Apr-2014 10:06 |
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Sorry ... one question, the warrants is not from Ngs' family ... On full exercise of the Original Warrants (assuming no adjustment is made to the number of Warrants initially issuable), a total of 96,153,846 Warrant Shares will be issued. These Warrant Shares represent in aggregate approximately 4.49% of the issued share capital of the Company as enlarged by the allotment and issuance of 96,153,846 Warrant Shares (assuming and calculated on the basis that no other Share will be issued after the date of this announcement).
The Warrant Exercise Price was determined after arm' s length negotiation between the Company and the Investor after considering the Group&rsquo s established status in the fishing industry, business prospects of the Group, the prevailing market price, liquidity and the historical price performance of the Shares. The Directors (other than Mr. Patrick Thomas Siewert and his alternate Ms. Janine Feng Junyuan who abstained) consider that the Warrant Exercise Price to be fair and reasonable and in the interests of the Company and the Shareholders as a whole. The offer is fair considering the BB is tremendously undervalued. Six analysts canvassed by Undercurrent News expect prices to remain strong in the second quarter of the year, at average levels of NOK 41 &ndash 44, depending on estimates. Why is the warrants an issue ??? |
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| 09-Apr-2014 09:20 |
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In short, if a counter need so many to defend, it is not worth going in. Not vested For hen to lay eggs, the hen need to be relax .... not so tense. The BB move from 1.065 to a low of 0.58, sorry it did not plunge .... my bad. Have funs .... too tense don' t think can lay eggs |
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| 08-Apr-2014 15:31 |
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Sgtrade101 said " guess so, the term penny stock is by definition and not reflective on some stocks that doesnt seem penny-like. By looking at how sgx stocks in sgx had traded over the past couple of years, many had turned from mid cap to penny and the numbers are growing. I am not too sure on the accurate numbers but i would presume close 70% - 80% of sgx stocks are pennies by definition, meaning below $1. So how to avoid? " " Trade with Caution" is not wrong so long there is risk. Making money does not equate " Pau Makan" . The BB plunged 44.7% that is nearly half ... it will be wrong to say it is not. It is wrong to mask the risk factor. Anyway this forum won' t swing the price ... no one care what you said .... so relax. Ok the BB cash rich sure go up ... come BUY .... you think people bother. Big players control the movement lah ... don' t kan cheong .... when it is time is will go up or come down.
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| 08-Apr-2014 12:20 |
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Haha ... the BB must be able to withstand scrutiny .... drop test. Don' t be too work out .... TWC .... Trade With Care. The recent drop is still fresh on investors' mind cannot help but to be cautious. Why are you here is also because you want better return ? Sensibly people will invest, acquire and do something about the money. We hear of so many horror stories, issue warrants, consolidation, rights, bonus ... so forth. Ultimately retailer investor' s suffer. Aiyah don' t get so work out ... play game must relax. Only said be careful from $1.05 plunge to $0.58 ... will they repeat again. Who knows ... they don' t care
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| 08-Apr-2014 10:38 |
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This is just my view and observation, you maybe right but not 100% just like the report. (Unless you have insider' s news). I am just curious why any companies will be happy sitting on a pile of cash ? Report is just their views as well .... I am sure they have their fine print .. Disclaimer. I hope I am wrong. You can maintain your BUY call. Not vested |
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| 08-Apr-2014 09:32 |
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Don' t you see something quite strange .... the big players will lead you to believe it is going up. When you start to follow .... kanna their trap already lor habis. Find the whole thing .... fishy. Just pause for a moment and think. Many a time we are carried away by our emotion and left out the most vital part .... something just not right. Sitting on a pile of cash and happy doing nothing ... how can you justify to all the shareholders. After the meal they will make you pay. They have done it before ..... will it happen again ..... The smart ones are trying to exit before the XD that why they are pushing it up |
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