| Latest Forum Topics / China Fishery Last:0.076 -- |
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Oceanus major business model restructure
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CWC2929
Veteran |
09-Jan-2014 11:32
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Next stations 52 ....... Ka Ka Hooooooooot Arhhhhhhhhhhh |
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Maller
Elite |
09-Jan-2014 11:28
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PAC Andes got chance? I think Haven't up yet | ||||
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srichipan
Master |
09-Jan-2014 11:28
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44 minor resistance. Got ppl
Stuck there also |
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srichipan
Master |
09-Jan-2014 11:20
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Momentum is up
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earlybird14
Supreme |
09-Jan-2014 11:12
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43-43.5 clear. Here we come, TP 52 | ||||
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Blanchard
Master |
09-Jan-2014 09:52
Yells: "Winners cry..... Losers smile....." |
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yeah..... we want more fish.....
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danytan
Master |
09-Jan-2014 09:48
Yells: "Up up and away!" |
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qn is repeat to what extent!
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susan66
Elite |
09-Jan-2014 09:39
Yells: "Hope is in the Future, huat together!" |
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Go go go!! | ||||
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dc16888
Master |
09-Jan-2014 09:38
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auspicious..年 年 有 余 | ||||
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earlybird14
Supreme |
09-Jan-2014 09:32
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A beautiful history repeating
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srichipan
Master |
09-Jan-2014 09:30
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Chart wise. The 20, 50, 100, 200 MA are moving into a nice uptrend. Go see the chart | ||||
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srichipan
Master |
09-Jan-2014 09:29
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And once hit 46 many traders will rush in pushing the price up to 52 which is the exercise
Price for the warrant
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srichipan
Master |
09-Jan-2014 09:25
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Flushing almost completed. 46 here we come | ||||
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Blanchard
Master |
08-Jan-2014 19:24
Yells: "Winners cry..... Losers smile....." |
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Read an article in Undercurrent News, commenting on China Fishery?s 2013 annual report..... for info.....  Lafayette, China Fishery's processing vessel
Eva Tallaksen - January 3, 2014, 6:19 pm In its annual report, the Singapore-listed company mentions an impairment loss of $35m for its ?processing vessel?. While it does not identify the vessel in question, it is most likely to be Lafayette. The 228 meter-long Russian-flagged mothership is considered to be the world?s largest processing vessel and believed to be Pacific Andes? only processing ship, if one excludes Victoriya, of which it denies ownership of. China Fishery?s report does not mention the cause of the impairment, and the company did not return requests for comment to Undercurrent News. According to sources, Pacific Andes was canvassing equipment makers in 2013 with a view to equip Lafayette for Russian pollock and salmon processing. However, these plans are believed to have been shelved, a source recently told Undercurrent. The company has never commented to Undercurrent on the news. In its report, China Fishery only said the impairment followed a review on ?the recoverable amounts of the processing and fishing vessels and fishing and plant permits based on their value-in-use?. The assessment has led to the recognition of impairment loss of $35m for the processing vessel, compared to no impairment in 2012, it said. The same assessment also led to an impairment of $9.918m for ?certain fishing vessels and plant and machinery that management has identified for scrapping?, it said. The company also did not return questions as to the names of the vessels. $2.5m Peru acquisition The report also reveals that China Fishery spent $2.5m during the year to acquire the entire issued capital of J.Wiludi & Asociados Consultores En Pesca SAC. J.Wiludi & Asociados owns a fishing vessel, and the transaction was determined by management to be an ?acquisition of assets rather than a business combination?, said China Fishery. According to the Russian maritime register of shipping, J.Wiludi & Asociados owns Peru-flagged Sheriff (IMO 8721088). The fishing vessel is active in the South Pacific and registered to fish jack mackerel again in 2014 with the South Pacific Regional Fisheries Management Organization. The poor catches and allocated quotas of jack mackerel in the South Pacific discouraged several international players from sending vessels there last year. China Fishery was no exception, deciding not to operate its fishing fleet in the South Pacific last year, although it did send Lafayette. This decision was the main reason for the 44% drop in revenue in China Fishery?s fleet, which fell from $49.9m to $27.9m. Assets up on Copeinca acquisition, pollock prepayments Despite the impairment on its fleet, China Fishery saw its asset value jump 80% (from $1.5bn to $2.77bn) during the year, in part due to its acquisition of Copeinca, and due to an increase in the asset value of its prepayment to pollock suppliers. The acquisition, which cost China Fishery a total of $787.69m in cash, helped take the value of its fishing and plant permits up more than five-fold, from $233.8m to $1.222bn, while the value of its processing and fishing vessels has gone up to $264.38m, up from $236.6m. However, liabilities also increased as a result of the deal, growing by 132.8% to $1.596bn. ?The increase was due mainly to the bridge loan taken for the Copeinca acquisition and the issuance of senior notes in July 2012 to finance the Fourth LSA [long-term supply agreement],? said the report. The debt includes $280.9m in senior notes due 2019, $249.9m in Copeinca senior notes, due 2017, and a $354m bridge loan. The company is in the process of refinancing the bridge loan to a medium-long term debt, it said. Net equity increased from $815m to $1.174bn. This was mainly thanks to the rights issue that China Fishery completed in April 2013, raising $277.6m to acquire Copeinca. |
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Blanchard
Master |
08-Jan-2014 18:25
Yells: "Winners cry..... Losers smile....." |
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Just for laughter..... we may see fish selling like hotcakes:
.......The fish is mine, The fish is mine....... .......No, No, No, The fish is mine....... .......The fish is mine (Mine, Mine, Mine)....... |
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earlybird14
Supreme |
08-Jan-2014 17:14
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Early bird already see the sun rising.
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Anna18
Member |
08-Jan-2014 16:35
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It better be!! went in yesterday already..yet to see the sun rising.
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earlybird14
Supreme |
08-Jan-2014 16:31
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A strong come back from 40.5 to 41 to 41.5 to 42. Preparing for tomorrow breaking 43-44 resistance. Weakholder shall be gone |
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Blanchard
Master |
08-Jan-2014 15:18
Yells: "Winners cry..... Losers smile....." |
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TWENTY LARGEST SHAREHOLDERS AS AT 13 DEC 2013 - N O. OF SHARES (%)
1 SUPER INVESTMENT LIMITED - 1,426,432,850 (69.71%)
2 CAP III-A LIMITED - 227,027,028 (11.09%)
3 CITIBANK NOMINEES SINGAPORE PTE LTD - 89,256,090 (4.36%)
4 DBS NOMINEES PTE LTD - 17,628,983 (0.86%)
5 NOMURA SINGAPORE LIMITED - 16,242,624 (0.79%)
6 DBSN SERVICES PTE LTD - 16,215,388 (0.79%)
7 HSBC (SINGAPORE) NOMINEES PTE LTD - 12,992,995 (0.63%)
8 BNP PARIBAS SECURITIES SERVICES SINGAPORE - 11,844,917 (0.58%)
9 DB NOMINEES (S) PTE LTD - 9,123,625 (0.45%)
10 UOB KAY HIAN PTE LTD - 7,936,194 (0.39%)
11 UNITED OVERSEAS BANK NOMINEES PTE LTD - 6,918,096 (0.34%)
12 PHILLIP SECURITIES PTE LTD - 5,904,682 (0.29%)
13 MAK SENG FOOK - 5,354,000 (0.26%)
14 OCBC SECURITIES PRIVATE LTD - 5,113,726 (0.25%)
15 MAYBANK KIM ENG SECURITIES PTE LTD - 4,540,086 (0.22%)
16 RAFFLES NOMINEES (PTE) LTD - 3,732,581 (0.18%)
17 LOW WOO SWEE @ LOH SWEE TECK - 3,333,000 (0.16%)
18 CHONG KUAN KEONG - 2,968,000 (0.15%)
19 CHUA CHENG ANN - 2,830,000 (0.14%)
20 ANG JWEE PHOR - 2,810,000 (0.14%)
Total no. of shares held by the twenty largest shareholders - 1,878,204,865 (91.78%) As at 13 Dec 13, percentage of shareholding in public?s hands - 18.39% of the company?s shares For info..... |
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guoyanyunyan
Supreme |
08-Jan-2014 14:28
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...will the fish fly above $0.455..the six-mths high..and say goodbye to $0.3x... ...yest vol is highest in past 3 mths... kiv... |
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