| Latest Forum Topics / China Fishery Last:0.076 -- |
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Let s talk oil.
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stockpicker
Master |
08-Nov-2014 08:42
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You are very concerned about bond. I said already no big deal. Debts and earnings more important. If CF can get loan at low interest, then it got no debt and earning problems. |
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JMS213
Senior |
07-Nov-2014 18:44
Yells: "Just living is not enough. One must have sunshine, freedom !" |
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SP, you are so concern about redeeming the bond ? Just move bondholders out ? Why is there a need to pay them consent fee and tolong tolong ? People are looking for places not to charge them for depositing their money ... and if you can offer them 3-5% they love you to bits .... haha Ahead of Thursday' s conference, the ECB announced it was holding key interest rates at record lows. The euro zone' s benchmark lending rate will remain at 0.05 percent, while its deposit rate will stay at negative 0.20 percent effectively charging lenders for holding deposits with the central bank. Overhaul the whole entire outfits of CF and the rating will get better. Management can operate efficiently, seamless, under one roof. The world is waiting for China Fishery and Copeinca to merge as one entity ... Everyone is weary of all the drag in the solicitation. Failed once, twice, thrice and still no result. China Fishery should not be in this state. They should do it quickly and not delay it any further.
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stockpicker
Master |
07-Nov-2014 18:37
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Fishmeal prices will be explosive.. http://www.businessweek.com/news/2014-10-14/fish-meal-prices-are-seen-explosive-on-peru-shortfall (Peru&rsquo s production of fish oil and meal may plunge in coming months, potentially creating an &ldquo explosive&rdquo price situation, researcher Oil World said. Peru&rsquo s oceanographic institute Imarpe found low fish stocks during a summer survey, and has advised not opening a second fishing season before a new evaluation in late October or early November, Hamburg-based Oil World wrote in a weekly report. Fishmeal prices in Peru rose 1.2 percent to $1,720 a metric ton as of Oct. 9 from a week earlier, and are up from $1,300 a year ago, data from Oil World show. Peru is the world&rsquo s largest fishmeal exporter. " Dismal export prospects for October-March 2014-15 are potentially creating an explosive price situation,&rdquo Oil World wrote. &ldquo Many buyers may not be sufficiently covered, primarily for January-March.&rdquo Fishing will to a large extent depend on the new research cruise, according to Oil World. Imarpe&rsquo s last survey found a &ldquo surprisingly low&rdquo biomass of 1.5 million tons of raw fish, from more than 10 million tons in spring, the researcher said. Assuming a late start to the fishing season and a reduced quota, Peru fishmeal output may fall below 150,000 tons in November and December. Such a &ldquo severe&rdquo shortfall would reduce fishmeal production in 2014 by more than 40 percent to 700,000 tons, the researcher said.) |
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stockpicker
Master |
07-Nov-2014 11:10
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Fish meal price now reaching $2,400 per MT in Peru due to speculation that the 2015 fishing season will be closed. Many fish farmers all over the World are finding for alternatives. Like oil that recently dropped from over $100/= to below $80/= due to glut in shale oil, it will happen to fishmeal and then, everyone suffers. |
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stockpicker
Master |
07-Nov-2014 11:05
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Once these Chinese fish farmers found alternatives, would they come back to fishmeal? (October 16, 2014, 9:00 am Chinese fishmeal buyers are expected to actively look for alternative sources as prices in Peru and Shanghai are climbing fast over fears of tight supply ahead.
The announcement by Peru&rsquo s marine institute Imarpe that there might be no fishing at all in the second anchovy season immediately fired up demand from China, said industry players.) http://www.undercurrentnews.com/2014/10/16/chinese-buyers-could-look-for-alternatives-as-peru-fishmeal-prices-climb-further/ |
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JMS213
Senior |
06-Nov-2014 23:32
Yells: "Just living is not enough. One must have sunshine, freedom !" |
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Katy Barnato | @KatyBarnato CNBC
31 Mins Ago Ahead of Thursday' s conference, the ECB announced it was holding key interest rates at record lows. The euro zone' s benchmark lending rate will remain at 0.05 percent, while its deposit rate will stay at negative 0.20 percent&mdash effectively charging lenders for holding deposits with the central bank. |
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JMS213
Senior |
06-Nov-2014 20:12
Yells: "Just living is not enough. One must have sunshine, freedom !" |
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They should learn from Apple issue bonds in Europe ... Only 1% people rushed to get after all they have to pay to deposit with the banks.
Maybe CF can offer them 3-5% for $250m ... Why stucked with the current bondholders more than 9% ? Time to move on |
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stockpicker
Master |
06-Nov-2014 12:41
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This fish will report result sometime end of the this month. Eager to see what they will report after so many month no fish catches. |
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Leongsan
Senior |
05-Nov-2014 20:02
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Peru puts in place contingency plan as it awaits new anchovy fishery data November 4, 2014, 3:32 pm Undercurrent News Peruvian Ministry of Production (Produce) has developed a contingency plan in case Peru&rsquo s marine institute (Imarpe) re-iterates its advice to suspend fishing for the country&rsquo s second anchovy season, reported Gestion. The measures include industrial exploitation of other species such as oceanic lightfish (Vinciguerria, in Spanish), which have appeared in the Peruvian sea in large quantities. The emergence of new species &mdash alongside the lower volumes of anchovies &mdash was a side effect to be expected from the El Nino, as Undercurrent reported already back in April. Fishing for other resources for human consumption such as squid, tuna, mackerel and jack mackerel will be also be strengthened, as well as the legal framework for fishing in the south, to enable a sustainable and more efficient use of resources, said Peru&rsquo s deputy minister of fisheries, Juan Carlos Requejo. Risk coverage for events such as El Nino will also be promoted, in coordination with other government entities, said Requejo, adding that the production ministry (Produce) is in talks with the fishing sector to address the situation. &ldquo We are vigilant and proactive in dealing with this situation,&rdquo Requejo said. Peru puts in place contingency plan as it awaits new anchovy fishery data | Undercurre... Page 1 of 2 http://www.undercurrentnews.com/2014/11/04/peru-puts-in-place-contingency-plan-as... 5/11/2014 Negative results in first assessments Requejo said the first assessments on the anchovy stock had yielded negative results, since weather conditions linked to El Nino and Kelvin waves have led to anchovy movements away from usual areas &mdash that is, to the south, near the shore. Due to the changing weather conditions, however, it is prudent to wait for new Imarpe&rsquo s stock assessments, the deputy minister said. &ldquo The final decision about the new season and the quota catch will be known in early December,&rdquo Requejo said. Imarpe will undertake a second cruise research in the Peruvian centernorth region that is expected to conclude in early December. Further research will be also carried out with the participation of the private sector, Requejo said. Peru puts in place contingency plan as it awaits new anchovy fishery data | Undercurre... Page 2 of 2 http://www.
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SLPY69
Senior |
05-Nov-2014 16:25
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Aiyo ... you win already " you receive the bonus issues  " Hahahaha ... Pro
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stockpicker
Master |
05-Nov-2014 16:04
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Let the bond holders scream. They will accept lower compensation when Copeinca turned in poor results this month. |
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SLPY69
Senior |
05-Nov-2014 15:00
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Like to hear from you, Professional Blogger. Is this consider some kind of manipulation ? Please share your thought .... Stockpicker |
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SLPY69
Senior |
05-Nov-2014 14:43
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After they have stabilised the boat, Greater China Fishery and then issue bond the rate likely to drop further 5-6% .... You really think they will give bonus issue ??? BOD should quickly get the bondholders out of the equation, we don' t need them and lest being ransomed or held hostage by them. Not to said a bunch of insipid teams to negotiate with the bondholders. Sheer waste of resources, time and maybe the coffee breaks ... The Hong Kong-listed company added it was not aware of any reason for the unusual fluctuation in its share price and trading volume seen on Monday, Oct. 27. Give the shareholders what they deserve and stop all the nonsense ... Question should be : Why is the price kept so low for the longest history ? Of course the world is watching how you continue to drag the whole episode or saga. |
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SLPY69
Senior |
05-Nov-2014 14:28
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SP, sure they will give me bonus issue ??? Haha .... As you have said the loan is zero sum in term of the amount. However,
Now, do you agreed that they should have redeemed the bond and stop playing game with the bondholders.
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stockpicker
Master |
05-Nov-2014 13:20
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If there is one way not to drag the solicitation without redeeming the bonds, suggest that to CF. They might give you bonus issues
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stockpicker
Master |
05-Nov-2014 13:08
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Pay back to the bank, can also borrow again. Pay to the bond holders, they will say bye bye and never see them again. |
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stockpicker
Master |
05-Nov-2014 12:38
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CF was correct. Why redeem the bonds with debts? Better payback and reduce the debts. Cost of Revenue per year around $500 mil. Now nearly 5 months no fish catch. redeem bond won' t help to earn revenue. |
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JMS213
Senior |
04-Nov-2014 23:28
Yells: "Just living is not enough. One must have sunshine, freedom !" |
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The Singapore-listed group is pushing for Corporacion Pesquera Inca SAC, its Lima-based unit known as Copeinca, to back obligations including CNY 650 million of credit lines from five lenders, CNY 300 million of its July 2019 bonds and future borrowings, company filings show. That would require a majority of holders of Copeinca' s CNY 250 million notes due February 2017 agreeing to relax the bonds&rsquo covenants, according to a July 17 2014 consent solicitation document. " It' s very negative for bondholders to consent to this because Copeinca is now going to represent basically the vast majority of China Fishery' s earnings and it has the least amount of debt," Mariela Anguiano, an analyst at BCP Securities LLC in Greenwich, Connecticut said by phone Aug. 20 2014. " If you make a simple calculation, it doesn' t make sense from a bondholder perspective." Source: Bloomberg Consent Solicitation ==> Integration of Greater CF (Management)==> Future borrowing (Loans) ==> improve the Management of Greater CF It is all linked and that' s the reason why SLPY said " No one is asking why are they having the solicitation BUT why are they dragging the whole entire solicitation process ??? Why"
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stockpicker
Master |
04-Nov-2014 11:38
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Thanks for pointing out
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stockpicker
Master |
04-Nov-2014 11:22
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No contradiction. One is the debt problem, the other is the management problem. Using debt to redeem bond is a zero sum gain. Solicitation will require time. Combining Copeinca and CF will save some admin cost and increase management efficiency help little but nothing will solve debt problem except increased earnings. |
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