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China Fishery - Low PE
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guoyanyunyan
Supreme |
12-Feb-2014 14:12
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...today $0.430 or below is just too attractive for gyyy to say no...
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earlybird14
Supreme |
12-Feb-2014 13:24
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don't forget the panic selling in past 2 years. The financial credit is not resolved at all, debt now is higher. Earlybird assume Russian monopoly case is ended and supply is resume. But obviously, this is not the case, low sales volume is just a excuse from the management. Fish consumption in China is still growing, 30% drop is huge and it is definitely a supply issue instead of demand issue.
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Blanchard
Master |
12-Feb-2014 13:11
Yells: "Winners cry..... Losers smile....." |
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The Russian business is not losing but less profitable this time round?
Perhaps present negatives are being priced in..... the current price of 0.425 means a cheap price of 0.51 before last year right issues. Looking forward to a brighter future and giving credit to the management for trying to grow the business while adapting to changing business environment.
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earlybird14
Supreme |
12-Feb-2014 11:45
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Supply contract business bring a big concern. Copeinca acquisition are supposed to expand the company business with higher revenue, higher cash flow and ease the long overdue financial issue. Now, Copeinca revenue is just to compensate the losing business from supply contract business, but bearing with higher debt. Pacific andes group really gonna kicked out by Russia? it is a big question and big doubt here based on the falling revenue.
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edwinjup
Supreme |
12-Feb-2014 11:13
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China.fish is not.expensive...but debt is the issues..let fish settle at least 50% of its debtm.before enter...they might issues.some.bonds ...
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halleluyah
Supreme |
12-Feb-2014 11:04
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will take quite some time to stablise
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earlybird14
Supreme |
12-Feb-2014 11:02
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never recover after a big drop. very negative... bridge loan is not settled yet. |
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dc16888
Master |
12-Feb-2014 10:37
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A boring day. mostly profit taking day. want a rest until late afternoon to c again. Cheers. | ||||
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dc16888
Master |
12-Feb-2014 10:20
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Y I saw a long black candlestick yesterday? so what price can buy again? ? sell on news? http://www.theedgesingapore.com/the-daily-edge/business/47210-china-fishery-group-posts-152-rise-in-1q-net-profit-to-199-mil.html |
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JMS213
Senior |
12-Feb-2014 09:34
Yells: "Just living is not enough. One must have sunshine, freedom !" |
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S69, this is a Buying Opportunity. Those who are able to ride this wave will laugh all the way to the bank. BB is indeed very attractive. Now waiting for them to announce the dividend. Cheerio
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SLPY69
Senior |
12-Feb-2014 09:21
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Question : If CF can acquire Copeinca, can they do the same by buying up the remaining shares (which is less than 20%) in the market since almost all experts said CF is so attractive ? If that case, those who are holding to the share will have tremendous gain just like Copeinca shareholders. Is it ? The larger or greater Copeinca has brought tremendous profits and benefits to CF just 1 Qtr alone. Once they buy over CF remaining shareholders, they can officially named as Copeinca. Can someone please share your view .... thks |
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Blanchard
Master |
12-Feb-2014 00:53
Yells: "Winners cry..... Losers smile....." |
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China Fish's pre-paid contracts cover supply of fish from 23 Russian vessels for a period of 10 to 18 years up to 2030. I think China Fish would continue exploring the expansion of her fishery resources...... by 2022 to 2030??? (that is, still have good time to do so).
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newbie888
Veteran |
12-Feb-2014 00:10
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most people are worried about their Russian contract business... once pull out from Russia totally, a large chunk of their revenue will be gone....if a new revenue source other than Copeinca is identified then it will be great!! but of course reduction of the debt will be their top priority...hopefully the market can react more positively to the increase in profit though...Cheers!! btw....still no mention of when the dividend will be given out...we need something to spur other's interest...hahaha... |
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EZ3626
Veteran |
11-Feb-2014 23:19
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Overall China Fishery did well with the acquisition. Pacific Andes' Q1 results lifted by subsidiary China Fishery Published on Feb 11, 2014 7:04 PM By Rachael Boon Frozen
seafood supplier Pacific Andes Resources Development saw its first-quarter
revenue rise 2 per cent to HK$2.4 billion, boosted by its unit China Fishery
Group. Revenue
from the fishery and fish supply division increased by 34.4 per cent to HK$1.1
billion for the three months to Dec 28, compared with the same period a year
ago, reported the firm on Tuesday (Feb 11). This
makes up 46.7 per cent of total revenue. This was
mainly due to contributions from Copeinca ASA, the fishmeal and fish oil
business recently acquired by China Fishery.
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Blanchard
Master |
11-Feb-2014 23:13
Yells: "Winners cry..... Losers smile....." |
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Refinancing of China Fish's bridging loan is targeted to be completed in the second quarter of FY2014 (that is, this or next month). Good. |
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flyfox
Member |
11-Feb-2014 19:37
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good read http://sg.finance.yahoo.com/news/china-fishery-group-limited-why-080000547.html |
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SLPY69
Senior |
11-Feb-2014 18:11
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With all the noises, we must have missed out on what Supermonkey has to say ...
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SLPY69
Senior |
11-Feb-2014 18:08
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During the AGM & EGM, the management has mentioned that they will be staying out of that Russian region and focus in Peru which is bearing fruits and contributed to the increase 56.5% for the 1QFY2014. Today with all the confusion, it presents a tremendous great buying opportunity afterall the valuation of the company is so attractive. Read the report below http://www.4-traders.com/CHINA-FISHERY-GROUP-LIMIT
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earlybird14
Supreme |
11-Feb-2014 17:15
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Revenue from the Contract Supply Business, which accounted for 40.6% of total revenue, retreated 34.3% from US$89.7 million to US$58.9 million on the back of lower sales volume. Big question about the sustainability of China Fish. Impairment loss will be recorded in Contract Supply Business. |
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guoyanyunyan
Supreme |
11-Feb-2014 17:14
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...there is always certain degree of uncertainty in the market movement... ...today drop may be the sell on news thingy...yes..good to be patience and act the right time come...cheers...  ...close: $0.430... |
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