| Latest Forum Topics / China Fishery Last:0.076 -- |
 Post Reply
|
|
China Fishery - Low PE
|
|||||
|
Blanchard
Master |
11-Apr-2013 16:03
Yells: "Winners cry..... Losers smile....." |
||||
|
x 0
x 0 Alert Admin |
Report in undercurrentnews: http://www.undercurrentnews.com/2013/04/11/china-fishery-raises-copeinca-bid-to-match-cermaqs-offer/ for your reading pleasure... |
||||
| Useful To Me Not Useful To Me | |||||
|
Octavia
Supreme |
11-Apr-2013 10:32
|
||||
|
x 0
x 0 Alert Admin |
Group made a competing offer to match the bid of NOK 59.70/ share by Cermaq ASA and extended the deadline of acceptance to 10 May 2013. As of 11 Apr, China Fishery has a total aggregate holding that equal to 32.3% of Copeinca Recall over the weekend, Cermaq ASA made a voluntary cash offer of NOK 59.70/ share for Copeinca ASA, after gaining a 50.7% control of Copeinca. Cermaq achieved its 50.7% control after i) Copeinca issued new shares to Cermaq ii) several of Copeinca's major shareholders and treasury shareholders sold their stakes to Cermaq China Fish's initial plan for the acquisition of Copeinca would boost its peruvian catch quota by 10.7% in North and Central Peru, and an additional 3% of catch quota in South Peru- enabling China Fish to become the largest fishmeal co in Peru with a total of 16.9% catch quota in North and Central Peru and 14.7% in South Peru, and one of the top producers in the world. | ||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
JMS213
Senior |
11-Apr-2013 10:21
Yells: "Just living is not enough. One must have sunshine, freedom !" |
||||
|
x 0
x 0 Alert Admin |
Is the closing date 15 April for CF's tender still stay ??? Anyone please help .... | ||||
| Useful To Me Not Useful To Me | |||||
|
Blanchard
Master |
11-Apr-2013 09:39
Yells: "Winners cry..... Losers smile....." |
||||
|
x 0
x 0 Alert Admin |
Yeah... looks like the vote by the Norwegian Govt is the deciding factor to me... If the vote is NO, then CF got chance...
|
||||
| Useful To Me Not Useful To Me | |||||
|
JMS213
Senior |
11-Apr-2013 09:33
Yells: "Just living is not enough. One must have sunshine, freedom !" |
||||
|
x 0
x 0 Alert Admin |
" Cermaq said its tender offer would be launched in late April. The group, which is 43.5% owned by the Norwegian government, will then need the approval from the Norwegian parliament for the deal, in a vote scheduled in May." " The Dyer-Coriat family, which will own 7.5% of shares in Cermaq as part of the sale, intends to remain a long-term investor in the company, he said. The family has accepted a two year lock up period for the shares in Cermaq they receive as part of the transaction." CF is able to make quick and decisive move, watch and see ...... don't be surprise ...... |
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
Blanchard
Master |
11-Apr-2013 08:43
Yells: "Winners cry..... Losers smile....." |
||||
|
x 0
x 0 Alert Admin |
....The Board would like to announce that the Offeror will amend the terms and conditions of the Voluntary Cash Offer and will be increasing the Offer Price of the Voluntary Cash Offer from NOK53.85 to NOK 59.70, so as to match the competing bid of NOK 59.70 by Cermaq ASA... Personally, as of current situation, I don't think CF will eventually be successful even with this revised offer. But I think CF is giving it a try... |
||||
| Useful To Me Not Useful To Me | |||||
|
ken_boy
Member |
11-Apr-2013 08:22
|
||||
|
x 0
x 0 Alert Admin |
Looks like china fish has up its offer to match cermaq..
Full article on: http://www.chinafisherygroup.com/attachment/2013041107570517_en.pdf |
||||
| Useful To Me Not Useful To Me | |||||
|
guoyanyunyan
Supreme |
10-Apr-2013 15:45
|
||||
|
x 1
x 1 Alert Admin |
... buying interest is building up ... generally... pm session sentiment seems improve.... ...last done: $0.445... |
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
Blanchard
Master |
08-Apr-2013 23:39
Yells: "Winners cry..... Losers smile....." |
||||
|
x 1
x 0 Alert Admin |
For your reading pleasure: http://www.undercurrentnews.com/2013/04/05/cermaq-offer-leaves-china-fishery-little-room-to-maneuver-in-bid-for-copeinca/ http://www.undercurrentnews.com/2013/04/05/copeinca-to-be-cermaqs-third-pillar/ China Fish is holding 9.9% stake in Copeinca. Personally I hope China Fish would withdraw its acquisition offer & not up the offer. Let us see how China Fish respond. |
||||
| Useful To Me Not Useful To Me | |||||
|
nqing87
Supreme |
06-Apr-2013 18:46
|
||||
|
x 0
x 0 Alert Admin |
one good example will be ipco.. ipco is cash rich just like what CF is going to have now.. but the price doesnt goes up.. u guys can just hope positive news come out from what they going to do with the cash, just like how im waiting for ipco to break news on what they going to do with their cash lol
|
||||
| Useful To Me Not Useful To Me | |||||
|
cheongsl
Master |
06-Apr-2013 17:39
|
||||
|
x 0
x 0 Alert Admin |
Fundamental this counter profit margin is good, but in short terms will be affect by the rights issue and especially those that look for quick bargain since the right is 1:1 the dilution is quite large. and exercise price at 0.34 which is quite low, thus if some shareholder did not take up the right, and those that take up the excess right might look for quick profit, thus usually after rights issue, short terms there is sell pressure. It may take half or one year before starting to show the real potential again. If the take up rate for the rights by shareholder is alot, then likely the sell pressure will not be great and in shorter duration the potential will be realise, thus currently will need to check the take up rate by shareholder. Yes, currently is the ex-right value. Before ex-right closing is 0.6, thus ex-right adjustment should be (0.6+0.34)/2 = 0.47. The pushing down of the price shown is an interest in party to get more access rights, by generating lower interest for shareholder. But how is the effect need to wait until the right allotment annoucment.
|
||||
| Useful To Me Not Useful To Me | |||||
|
cheongsl
Master |
06-Apr-2013 10:19
|
||||
|
x 0
x 0 Alert Admin |
Cash rich does not implies that price will go up, will need to observe whether is there any good investment on the cash.
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
Blanchard
Master |
05-Apr-2013 23:25
Yells: "Winners cry..... Losers smile....." |
||||
|
x 0
x 0 Alert Admin |
In addition, if CF chooses to sell her existing stake in Copeinca to Cermaq, I think CF might earn a few millions? Just enough to cover the cost for this failed acquisition? Cash-rich CF can then look for other good deals... | ||||
| Useful To Me Not Useful To Me | |||||
|
Blanchard
Master |
05-Apr-2013 22:07
Yells: "Winners cry..... Losers smile....." |
||||
|
x 0
x 0 Alert Admin |
Report in undercurrent news: http://www.undercurrentnews.com/2013/04/05/cermaq-buys-50-7-of-copeinca/ ..." The surprise announcement means the end of China Fishery Group’s takeover ambitions for Copeinca, which were conditional on China Fishery acquiring 50.01% of shares in the company." The China Fishery Group Board is in consultation with its advisors to explore its options in relation to the information announced by Copeinca and will update Shareholders in due course. In the meantime, the Board wishes to advise Shareholders to exercise caution in their dealings in shares of the Company and to refrain from taking any action in relation thereto, until they have sought their own financial and legal advice where appropriate. |
||||
| Useful To Me Not Useful To Me | |||||
|
cheongsl
Master |
05-Apr-2013 21:47
|
||||
|
x 0
x 0 Alert Admin |
I was lucky in this counter, escape in time and also get the divident. Will continue to observe until next technical entering time. 
|
||||
| Useful To Me Not Useful To Me | |||||
|
Blanchard
Master |
05-Apr-2013 17:48
Yells: "Winners cry..... Losers smile....." |
||||
|
x 0
x 0 Alert Admin |
Copeinca ASA : STATEMENT BY THE BOARD OF DIRECTORS OF COPEINCA ASA IN CONNECTION WITH THE VOLUNTARY OFFER FROM GRAND SUCCESS INVESTMENT (SINGAPORE) PRIVATE LIMITEDhttp://www.4-traders.com/COPEINCA-ASA-4006733/news/Copeinca-ASA-STATEMENT-BY-THE-BOARD-OF-DIRECTORS-OF-COPEINCA-ASA-IN-CONNECTION-WITH-THE-VOLUNTARY-16606999/ Let us see how China Fish respond... |
||||
| Useful To Me Not Useful To Me | |||||
|
Blanchard
Master |
05-Apr-2013 17:39
Yells: "Winners cry..... Losers smile....." |
||||
|
x 0
x 0 Alert Admin |
Latest development :
Copeinca Agrees To Be Acquired By Cermaq In NOK 3.49 Bln Dealhttp://www.rttnews.com/2089388/copeinca-agrees-to-be-acquired-by-cermaq-in-nok-3-49-bln-deal.aspx?type=maa |
||||
| Useful To Me Not Useful To Me | |||||
|
lawliet
Member |
05-Apr-2013 10:17
|
||||
|
x 0
x 0 Alert Admin |
Noted. Even if I purchased the rights off the market, I will make payment by ATM using the same process as the provisionally allocated rights. Thanks for the help!!
|
||||
| Useful To Me Not Useful To Me | |||||
|
ken_boy
Member |
04-Apr-2013 17:04
|
||||
|
x 0
x 0 Alert Admin |
true.. personally think that it is quite a good time to enter for china fish now given current valuation. but might have to hold a while before the money starts coming in.. huat ah!
|
||||
| Useful To Me Not Useful To Me | |||||
|
guoyanyunyan
Supreme |
04-Apr-2013 16:26
|
||||
|
x 0
x 0 Alert Admin |
... first they will sent you a letter, indicating the number of rights you have... ... then you can make payment by ATM (the easier way) or by bank draft (need to send the attached form back)...
|
||||
| Useful To Me Not Useful To Me | |||||