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China Fishery - Low PE
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Isolator
Supreme |
16-May-2014 00:08
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Let the markets tell you... No point talking..... Just watch carefully... | ||||
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PauloGan
Member |
15-May-2014 23:51
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Trying your luck to mislead the innocence again? All your recommended counters are dead, HLH is a good example, kept shouting 5cts. Its better u are gone for good, just like your buddy iPunter clone.
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Isolator
Supreme |
15-May-2014 23:38
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Lets the markets tell you.... It already start to reveal... Enjoy... | ||||
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newbie888
Veteran |
15-May-2014 23:18
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lol...i hope Isolator is right but somehow i kind of agree with Bigmama,...lol...no offence....
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Isolator
Supreme |
15-May-2014 17:09
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LOL..... Dead fish?? Anyway, I make my call.... the choice is yours.... Buy....
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Leongsan
Senior |
15-May-2014 17:07
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What is the rush?Those who want to sell will sell.Those who really want to buy will wait.Did you see any dead fish floating?
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Isolator
Supreme |
15-May-2014 14:35
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Ready to buy .... | ||||
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Isolator
Supreme |
14-May-2014 23:44
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No fall how to enter..... those who dont believe to long will panic to sell..... I am here to save the believer....
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Bigmama
Elite |
14-May-2014 23:40
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Wow! All your recommended counters drops since you posted.... How screw up can you be? Epic fail and fail.
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Isolator
Supreme |
14-May-2014 22:58
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Most should have long today..... Be ready for the rebound... |
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SLPY69
Senior |
14-May-2014 18:47
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Sorry typo error ... " Moody' s Corporation is known worldwide / international" . They pride themselves " Customers know they can trust our credit judgments" . Ez, Moody' s rating is correct. " China Fishery' s outlook is stable" , no doubt about it. Moody' s Corporation is known worldwide / international. China Fishery' s fundamental is good and NAV per ordinary share is $0.73. Nothing wrong with the figure. However, the market forces decide the flow, we just have to move with the flow. Enjoy the ride 
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SLPY69
Senior |
14-May-2014 18:31
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Ez, Moody' s rating is correct. China Fishery' s outlook is stable, no doubt about it. Moody' s Corporation is known internally. China Fishery' s fundamental is good and NAV for the group stands at 0.73 is correct. Nothing wrong with the figure. However, the market forces decide the flow, we just have to move with the flow. Just take it ez, if tomorrow the market goes down further, just pick up some more. Remember we are do not control the movement of the BB, we ride the wave. Enjoy fishing. Cheers 
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EZ3626
Veteran |
14-May-2014 18:21
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S69, you posted " Moody' s applauds China Fishery makeover from pollock supplier to fishmeal co., affirms credit rating" What is happening ? Moody rates China Fishery' s outlook stable. |
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SLPY69
Senior |
14-May-2014 17:53
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Valuebuyer, Agreed, good opportunity to accumulate, bought some today. Only with this kind of stampede and fear, can we buy at 0.36 at ease. Shortists are shorting big time and those panic sell also. Leave some bullets for tomorrow. Quite satisfied with today buy in. Cheers
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RoundRound
Elite |
14-May-2014 17:27
Yells: "Tikam Tikam can also" |
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Yes, enter at the China Fishery's Rights Issue price which they called for last year to fund the Peru's Copeinca. Think the initial bidding by CFG was upped a few times before successful as some majority shareholders resisted and wanted to mount a counter-offer
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valuebuyer
Senior |
14-May-2014 17:02
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Thx, looks 34 coming soon, good opportunity to accumulate, always buy low sell high ,dont fear if the company fundamental is good.
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SLPY69
Senior |
14-May-2014 14:42
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Moody' s applauds China Fishery makeover from pollock supplier to fishmeal co., affirms credit rating 
SEAFOODNEWS.COM May 13, 2014 Pacific Andes' China Fishery Group is completing a major change in business says Moody' s Investor service. The company is shedding its old pollock supply business and by the second half of this year, fully 65% of revenues will come from fishmeal operations. In shedding its Russian pollock supply business, the company has been able to move away from a major political and economic risk.
In a press release, Moody' s Investors Service says China Fishery Group Limited' s 1H2014 results are in line with Moody' s expectations and support its B2 corporate family and senior unsecured bond ratings.
Furthermore, its completion of the refinancing of its acquisition loans for and its privatization of Copeinca ASA are facilitating the consolidation of its fishmeal businesses in Peru.
The ratings outlook remains stable.
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SLPY69
Senior |
14-May-2014 14:35
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Moody - Independent, Objective and Expert Opinion provides their credit judgments on the China Fishery The ratings outlook remains stable. " China Fishery' s revenue growth of 20.1% year-on-year in 1H 2014 is the result of changes to its business model," says Lina Choi, a Moody' s Vice President and Senior Analyst. China Fishery reported a 540% y-o-y increase in revenue from its Peruvian fishmeal businesses to $203.5 million, reflecting the consolidation of Copeinca ASA bought in August 2013, higher fishmeal production, and lower average selling prices. Moody' s considers that the positive result indicates that Copeinca ASA' operations have remained stable after its acquisition by China Fishery. At the same time, the company suffered a 53% decline in revenue from its Russian supply business to $105.3 million, reflecting the decision to exit this business. Moody' s expects the fishmeal operation will eventually replace the Russian contract supply business to become the core business of China Fishery. By end-2014, the fishmeal business will represent more than 65% of the company' s total revenue, and the Russian contract supply business' contribution will decline to 32%. " China Fishery has stabilized its funding as it has completed bank borrowings to refinance its acquisition loans and to offer a redemption of Copeinca' s senior notes," says Choi who is the Lead Analyst for China Fishery. Moody' s sees this as a significant step towards preparing for the consolidation of the company' s fishmeal businesses and for taking further action to improve the efficiency of its facilities in Peru. " Moody' s expects China Fishery' s credit metrics will stabilize at levels appropriate for its B2 ratings, in view of its eventual withdrawal from the Russian supply business and the debt incurred for its acquisition of Copeinca," says Choi
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Qanghoo
Supreme |
14-May-2014 14:32
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The likelihood of an El Nino this yr is abt 65%. Fishmeal, fish oil and other commodity production will definitely be impacted if EN does materialise. But so will prices of commodities. Apparently, during the last EN, the price of fishmeal was close to 3k/mt. It' s now abt 1.7k/mt. Last yr, when Peru reduced its quota of anchovy catch, it was abt 2k+/mt. So whether it will be positive or otherwise for CFG, it depends whether the price increase will more than offset the reduced anchovy catch. As for dividend, I think the highest dividend paid over the last 5 yrs was 4.5 sing cts/share. With the recent one-for-one rts issue, the most recent dividend was 1 sing ct/share. Performance-wise, revenue and gross profit for the most recent qtr were higher than the previous corresponding qtr, but net profit was lower. Finance cost, however, increased nearly 100%. Annual interest payment is now close to 100 mil USD. That' s astronomical. Nevertheless, CFG has indicated that the recent refinancing has helped reduced average interest expense. Also, they said they are committed to reducing their huge debt over the next two yrs. Therefore, finance cost shd hopefully be reduced in future. Bearing in mind all these figures, the stock is probably good for long term investors and not punters. |
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RoundRound
Elite |
14-May-2014 14:05
Yells: "Tikam Tikam can also" |
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I've disposed my stake in China Fishery well before it's dividend some 2 months ago.
Possible entry point for long term holding will be around 34c thereabouts. Yes, there's potential but not at 40c or even 39c.
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