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China Fishery - Low PE
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JMS213
Senior |
17-Feb-2014 16:05
Yells: "Just living is not enough. One must have sunshine, freedom !" |
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x 0
x 0 Alert Admin |
Can't even cross 0.415 ..... probably tomorrow affair. | ||||
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JMS213
Senior |
17-Feb-2014 16:02
Yells: "Just living is not enough. One must have sunshine, freedom !" |
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Newbie888, the parade is still ready for the inspection. They will announce when it is ready to do so. Woah Woah
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JMS213
Senior |
17-Feb-2014 09:15
Yells: "Just living is not enough. One must have sunshine, freedom !" |
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We know this Fish is finger licking GOOD. We need the boss to initiate the command " Ready for Inspection" Rule no 1 " Boss is always Right" ..... just be patience |
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JMS213
Senior |
17-Feb-2014 09:03
Yells: "Just living is not enough. One must have sunshine, freedom !" |
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Newbie888, you are correct. We are waiting for someone to initiate the command " Prepare for Inspection" . Then the march past can begin ..... Haha
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JMS213
Senior |
17-Feb-2014 08:28
Yells: "Just living is not enough. One must have sunshine, freedom !" |
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Exactly and that bring us back to Gyyy's question. China Fishery has benefited from Copeinca acquisition which we know is the most challenging feat. While the issue regarding refinancing is just for the bank to dispense the loan. China Fishery has assured Moody that the loan is going to be ready. However, Moody has chosen to ignore it. " However, while China Fishery has indicated that it is in the process of securing refinancing for this, no binding agreement has been executed yet, said Moody?s " Banks know about the acquisition, it is in the news " China Fishery Group Limited : China Fishery benefits from Copeinca acquisition ? Q1 Profit after tax up 15.2%"I'm sure it will attract International Funds. Btw, CAP III-A, a wholly-owned subsidiary of Carlyle Asia Partners III is already one of them.
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newbie888
Veteran |
17-Feb-2014 01:21
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just wondering...if the debt is so bad that they are deem incapable of fulfilling their target of the bridge loan by march.. why are they still able to give out dividend? and the dividend does not drop too much from previous year given the number of shares have doubled... guess only time will tell if the acquisition is a good one... in the meantime just sit back and enjoy the roller coaster ride of the price...lol... cheers | ||||
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flyfox
Member |
16-Feb-2014 17:54
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If you sell after XD, you will get the dividend.
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edwinjup
Supreme |
16-Feb-2014 17:00
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U will .not.get the.div if u sold.before.24.feb....
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edwinjup
Supreme |
16-Feb-2014 16:57
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Hello wrong.infos.....if u hold or buy cf now and sell.before xd...u will not get the div...but.if u sell after xd ..u will get the dividend.......pls.consult.your broker.or.call.up.the agent for more details..thanks
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JMS213
Senior |
16-Feb-2014 16:43
Yells: "Just living is not enough. One must have sunshine, freedom !" |
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EZ, like that a lot of people also wants to sell before the xd. You have to hold the stock until the xd if you want to have the dividend. |
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EZ3626
Veteran |
16-Feb-2014 13:28
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You mean tomorrow if I decide to sell, I will still receive the dividend. Is it ? Thks | ||||
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stockpicker
Master |
16-Feb-2014 12:46
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if ex-date is 24 Feb, then the person who owns the stock before and on 24 Feb will get the dividends, regardless of whether he has sold the stock on ex-date. The person who bought the stock on ex-date will get no dividend. That is why after the ex-date, the stock will drop in price by the amount of the expected dividend.
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EZ3626
Veteran |
16-Feb-2014 12:23
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Can someone help. If ex-date for the dividend is on 24 Feb, then 21 Feb is the cut-off date to receive the dividend. Is it correct ? Thks | ||||
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bamboo300306
Veteran |
16-Feb-2014 01:13
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Vested 100 lots @ average $0.40, never sell when it reached $0.48. I am a Chinese, I eat fish. |
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guoyanyunyan
Supreme |
15-Feb-2014 17:19
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Thanks bro AddLuck, JMS213..will take note of your write up..much appreciated..谢 谢 你 们 ..Cheers!! | ||||
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AddLuck
Veteran |
15-Feb-2014 16:56
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Sis I very much believed the latter!!!....not a small sum.....quite terrifying in fact....Also gone in to read up more about Copeinca, Pacific A....... down there considered a very hostile takeover.......Key personnels of Target Co resigned en mass ....these are top notch fishing people....from Scandinavia......CF managed to persuade mandatory minimum no of big shot(temporary??) .........just to remained listed in Oslo. Also read report of analysts........cannot fathom they can merge properly......like trying to mix oil and water....won't elaborate more...too long winded. Worst still requires P& L of Copeinca to make books look better(not sure of this but understand it to be) Fishing down there is quite risky during this era.....effects of El Nino/El Nina come and go in cycles ........quite long in between cycles in old days.....but now days can come in cycle of even between 3 years ..... in short, you can make millions this year and in red the next, also by millions........just wonder why the takeover....CF need a lot of effort to get the books healthy.....and also down there in operation....not good feel for long term....just my take......short term?? different story....depend of BBs, ya??
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JMS213
Senior |
15-Feb-2014 12:28
Yells: "Just living is not enough. One must have sunshine, freedom !" |
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Haha .... Flyfox we got your msg " ..... it's cheap considered that the price is really below book value" and " it's finger licking good" Recently another stock Olam released their financial report. Olam hits by Q2 profit fall.... and posted a negative free cash flow of $282.2 million, a deterioration from a positive free cash flow of $46 million report a quarter earlier.However, Olam shares rose 2.6 per cent yesterday to $1.575 each, boosted by the positive outlook. China Fishery " Our acquisition of Copeinca has enabled us to become a leading producer and exporter of fishmeal and fish oil in the world. This competitive advantage will stand us in strong stead to capture even greater growth opportunities in the industry as they emerge." Even though China Fishery Group Limited : China Fishery benefits from Copeinca acquisition ? Q1 Profit after tax up 15.2%. China Fishery shares went down instead. It is undeniable with what Flyfox said " ..... China Fishery is cheap considered that the price is really below book value" |
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JMS213
Senior |
15-Feb-2014 11:38
Yells: "Just living is not enough. One must have sunshine, freedom !" |
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Gyyy, exactly ... it took them years and months to plan and strategically acquired Copeinca ASA. Dear Valued Investors, On behalf of your Board of Directors (the " Board" ), I am pleased to deliver the annual report of PARD and its subsidiaries (the " Group" ) for the financial year ended 28 September 2013 (" FY2013" ). Our successful acquisition of the Peruvian fishing and fishmeal company, Copeinca ASA (" Copeinca" ) during FY2013 represents an important strategic step to reinforce our position as a global leader in the sourcing, processing, distribution and sales of fish products. Having a leading position in the largest fishery in the world, the Peruvian Anchovy fishery presents a long-term value proposition to our Group, and we look forward to the contribution Copeinca will make in the years to come. In executing this landmark acquisition, we participated in the rights issue by our Singapore-listed subsidiary China Fishery Group Limited (" China Fishery" ) to partially fund this transaction. The successful acquisition represents a transformative step to elevate China Fishery to become Peru's, and one of the world's largest producers of fishmeal and fish oil. Our strategic priority for FY2014 is to augment and harness the synergies that we now have within our enlarged businesses. I am confident that our stronger earnings base and new growth impetus will enable us to deliver higher sustained earnings. Haha, Gyyy guess this is not what they wanted to talk about " Successful or Landmark Acquisition" rather " Refinancing the Bridging Loan" so they can lower the entry price. Remember if in doubt refer to rule no 1, " The boss is always Right" |
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guoyanyunyan
Supreme |
15-Feb-2014 08:43
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Acquisition of a significant equity interest in Copeinca ASA vs refinance the bridge load, which one is more challenging? | ||||
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JMS213
Senior |
15-Feb-2014 00:38
Yells: "Just living is not enough. One must have sunshine, freedom !" |
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Bro, I beg to differ. On the contrary, market is attract to / like China Fishery. However, they prefer a lower entry price. In order to do that, between S& P and Moody, they decide to use Moody. Why ???Because they needed someone who is moody to comment on the rating of China Fishery. Of all the methods to assess China Fishery, Moody being moody chose to focus on loan and debt instead of the value of China Fishery. Even though there is no issue with the loan, they decide to make it an issue. " However, while China Fishery has indicated that it is in the process of securing refinancing for this, no binding agreement has been executed yet, said Moody's" They have forgotten who is China Fishery No 2 substantial shareholder, CAP III-A is a wholly-owned subsidiary of Carlyle Asia Partners III. " In its review Moody's will focus on China Fishery's ability to secure refinancing for repayment of the bridge loan and debt associated with the integration of Copeinca in the near term, and the availability of additional headroom in the refinancing to comply with covenants. The principal methodology used in these ratings was the Global Protein and Agriculture Industry published in May 2013." Even Flyfox can see that China Fishery is cheap " ..... it's cheap considered that the price is really below book value" . He must be so exasperated that he has to say " REALLY" ... I am not bluffing you it is cheap Can you imagine someone bought a house for $1m and it is worth $10m now. Instead of saying it is so cheap $1m with a value of $10m, the valuer decide to look at the debt ... you still owe $800,000 on the property when the worth is now $10,000,000. I can understand how you feel ... exasperated right until you have to say " REALLY CHEAP" .... I never bluff you ... you know it is cheap, very cheap. The valuer stupid arh cannot see .... ok relax, bro relax ok What to do .. they are the boss. Please refer to rule no 1 " They still the boss" . They called the moody guy to comment .... don't you know In conclusion, talk so much must conclude " Market really like China Fishery because it is Finger licking GOOD" |
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