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| 30-May 20:12 |
China Fishery
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China Fishery - Low PE
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Have a feeling we are off topic here.. this thread is for China Fish and not Pac Andes although Pac Andes is a major shareholder in CF.I agree that Tassal is better than Pac Andes and China Fish financially. With Pac Andes acquiring 20% and made some A$10 mil a year (think mainly from stock appreciation as the total earning per annum of Tassal is only A$33M) and what it has to do with CF? Is Pac Andes buying more CF at higher than market rates using Tassal' s earning? For that matter, why do we have to know what Mr. Ng said or have said? Is he going to say El-Nino is coming and this may affect our catch in Copeinca, CF has a cash of $0.03 per share and we earned only $0.05 per share in year 2013 and this is nothing compare to our debts and we will need to earn triple or quadraple in 2014 and thereafter if not we cannot pay the CF' s debt within 4 years? ____________________________________________________________________________________________________________
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| 30-May-2014 20:53 |
China Fishery
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China Fishery - Low PE
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I am using total debt which worked out to over $1.0.. actually it should be $0.75 if you take over the cash and other liquidities..
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| 30-May-2014 20:48 |
China Fishery
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China Fishery - Low PE
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This is my worksheet in excel. Data copied and pasted from Shareinvestor latest 2Q2014 in the Fundamental Fact Sheet. You can work out the Net EBITDA to Debt ratio. that I leave it you as it involves some data searching from other pages...Go ahead and prove me wrong...and please dun leave a remark and run away... 
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| 30-May-2014 20:13 |
China Fishery
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China Fishery - Low PE
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If you can prove it, I am willing to apologize to you and the rest.. ok?
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| 30-May-2014 20:12 |
China Fishery
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China Fishery - Low PE
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Which one is misleading? Can you prove it?
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| 30-May-2014 17:49 |
China Fishery
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China Fishery - Low PE
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What' s cash in hand? $0.03 per share. What is the debt? $0.75 per share. What would be the interest on the debt like @ 8% per year, $ 0.06 per share. so they are very rich...with a Net debt to EBITDA ratio of more than 8.0 when a ratio of more than 4.5 indicating a company is less likely to be able to handle its debt burden.. Yes, this fish has risen quite a bit and may even see a bull run to come but I remain side-lined until they can show that they are able to pay back their debts comfortably with their earnings...
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| 28-May-2014 17:49 |
Figtree
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Figtree
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If you are familiar with fish catching, here are the usual two technique the fisherman often use besides the hooks and worms which are just too slow. Method 1, you cast a big net and put baits in the centre of the net. When the fishes come, you lift the net and catch them. One may have to take sometime to set up the subsequent catch. Method 2, you set up gates instead of a big net. This way you can have more fishes coming in into your area unaware . Then when enough, close the gate and take your time to catch them. Fishes are curious and easily scared creatures. To attract them, &ldquo stir&rdquo or &ldquo beat&rdquo the water to create vibrations as if there are lot of fishes going for the food. Using the gate method, you just need to beat the water at one end very hard, the fish will swim into your net at the other end. hahahah.. just to share the jokes...thanks for reading |
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| 28-May-2014 17:28 |
Figtree
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Figtree
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Be careful when you see large queues and not much trading volume. This could be a technique BBs often used to sell or buy the stock at a target price. They may also buy or sell to themselves just to create the volumes to excite the retailers and queue such that the retailers will queue in front of them so that they can do a " killing" at times without having to push the price up and down by more than 3 to 4 ticks or sometimes less, depending on the amount of stocks in mind. It is not about whether there is a support or no support, it is at what target price the BBs set to " kill" . Don' t forget, to many, they need only to pay the SGX' s fees and GST for the buying and selling at the end of the day. |
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| 28-May-2014 11:46 |
China Fishery
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China Fishery - Low PE
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The minute they say El-Nino is about to be over and there is no mini-bans, this fish may jump but no before |
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| 26-May-2014 11:53 |
Figtree
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Figtree
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It should be noted that @ 0.230, FigTree' s PE is around 7.33, this is still higher than Chip Eng Seng' s 5.55 @ 0.750. Somemore, Chip Eng Seng is many classes above FigTree as far as BCA' s classification is concerned. Only difference is FIGTree has Freightlink or Vibrant Group, Chip Eng Seng has to win building contracts from the market. |
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| 26-May-2014 11:32 |
Figtree
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Figtree
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How do one know if the mgt has taken action? Because the price has risen? they are buyers.. are you sure it is not another tricks of the BBs to trick more retailers to buy and buy more? The BBs are obviously in control.. the question is whether they have sold enough and collected enough.. if they haven' t, what one see the price rise could be just a mirage..a blip on the screen.
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| 26-May-2014 07:25 |
Figtree
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Figtree
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Sori.. Vingroup was not by Freightlink. Only Freightlink is now called Vibrant Group. Somehow confused with Vingroup |
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| 25-May-2014 17:28 |
Figtree
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Figtree
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Getting some more info on FigTree. It used to be an associate company of Freightlink responsible for the construction of the various warehouses. Freightlink used to have its warehouses built by a Statutory linked company who used to provide design and build offers having an in-house building design team in the Statutory Board and then sub-contracted out the building work to its smaller contractors. That Statutory linked company has very little assets as well as debts as it was set up as an experiment to try out how Statutory Board could diversify its role. Not quite sure if FigTree is &ldquo copying&rdquo the same company model but this may be how Freightlink was the major shareholder. While there is nothing wrong with such a company structure were it clients become the major owner of the listed company. This sort of company will always has a tendency to &ldquo cling&rdquo onto its &ldquo mother&rdquo until it can set its foot to compete with its larger brothers like Chip Eng Seng. Somehow, one may not be able to look at FigTree at the moment without looking at Freightlink as this is where FigTree will get most of its building contracts. One question will be what if Freightlink&hellip ? Freightlink is now busy setting up a new company called VinGroup in Vietnam. |
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| 25-May-2014 07:34 |
Figtree
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Figtree
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Try this link, if not have to copy and paste https://sg.finance.yahoo.com/news/figtree-holdings-ltd-management-reply-080000759.html
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| 25-May-2014 07:28 |
Figtree
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Figtree
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Someone posted this gluesome picture in this forum before and asked to short this counter.. but how many paid attention? https://sg.finance.yahoo.com/news/figtree-holdings-ltd-management-reply-080000759.html The intertwines was so complex that even the management did not answered all the 10 questions. Among the questions, there were the conflict of interests between FigTree and Frieghtlink who was its client, then three out of its six directors have been questioned by the Commercial Affairs Department (CAD) in two separate matters. Just hope someone who are familiar with the gluesome story can shed some lights as to what happened afterwards and why stock prices rose so very high and how come a relative unknown construction company with B2 BCA grade can come out all of a sudden and became a rising star performer in SGX and then, what happened recently. |
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| 25-May-2014 00:49 |
Figtree
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Figtree
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You are right. They might not be SSH by name but under the institution' s name if the total holding of margins is more than 5% by a single entity.. once, they call up the margins.. many will kena but this is not as bad as Blumount, Lion and Asiason in terms of volume.
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| 25-May-2014 00:38 |
Figtree
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Figtree
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Some speculated that it is just 6-month moratorium period sale. But why the sale is so kan cheong like panic until it cuts 50% of the price. The drastic price cutting is telling that this might not be the case. More like margins selling at work. |
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| 24-May-2014 23:16 |
Figtree
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Figtree
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Not intended to scare but the worst could happen is some SSHs were buying using margins like someone in Blumount, Lion and Asiason. The SSHs might not be worried but their Banks and brokers are NOT especially when markets are almost at its top.. and there is no disclosure required for using margins. So, it is not all that wise to catch any " falling knife" even if one has made piles before catching plenty of " falling knives" . |
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| 24-May-2014 22:48 |
Figtree
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Figtree
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The SSH knew that their holdings will be used for shortings but they might not be aware that it will do so much damage as FigTree is a company with sound management and good earnings. They could do nothing now to reverse until the holdings are returned. They might be also some who just nake short and also some SSH selling. We should know by next week when SGX makes some announcements.
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| 24-May-2014 22:39 |
Figtree
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This will depend on the contracts between CDP with the lenders and the borrowers. Lenders cannot recall but they can sell. CDP will find somewhere to fill up.. so not much effect until the borrowing period ended and not extended.
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