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HHL
I am not Loquatfan.
Not surprising coming from you. The quality of your assumption, observation and conclusions is consistent with those for Sino Grandness and Garden Fresh.
The main point from Sino Grandness' recent announcement is that the outstanding bonds were restructured into preference shares. Preference share shareholders rank after bonholders in terms of assets distribution when the company liquidates. Bondholders will get 100% of the amount owing before preference share shareolders get anything.
I am not Loquatfan.
Not surprising coming from you. The quality of your assumption, observation and conclusions is consistent with those for Sino Grandness and Garden Fresh.
The main point from Sino Grandness' recent announcement is that the outstanding bonds were restructured into preference shares. Preference share shareholders rank after bonholders in terms of assets distribution when the company liquidates. Bondholders will get 100% of the amount owing before preference share shareolders get anything.
HuathuatLeo ( Date: 08-Jul-2017 20:52) Posted:
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Aizai praising yourself ah?
Aizai8 ( Date: 08-Jul-2017 18:57) Posted:
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The Nextinsight article is unlikely to be a paid report.
If Sino Grandness issues a summary on the 8-page nnouncement via SGX, it is free. Why should they pay? Also SGX has a much wider audience than Nextinsight.
Loquatfan' s article really benefited a lot of investors who did not read or understand the 8 page announcement by Sino Grandness.
If Sino Grandness issues a summary on the 8-page nnouncement via SGX, it is free. Why should they pay? Also SGX has a much wider audience than Nextinsight.
Loquatfan' s article really benefited a lot of investors who did not read or understand the 8 page announcement by Sino Grandness.
mepkoh ( Date: 07-Jul-2017 14:18) Posted:
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23.5 buy
SgTrader17 ( Date: 07-Jul-2017 19:01) Posted:
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This week volume is low.
Hope to see better voulme next week and if any news to come.
Expecting some news in July.
Whether be it online platform new partnership, or the deal on the longan essence with the Thais, or any others.
Range of trading nowadays around 23cts to 25cts to 27cts, within this 4cts.
Hope to see better voulme next week and if any news to come.
Expecting some news in July.
Whether be it online platform new partnership, or the deal on the longan essence with the Thais, or any others.
Range of trading nowadays around 23cts to 25cts to 27cts, within this 4cts.
Correction:
It's 400,000 shares done.
Not 40,000 shares.
Big difference
It's 400,000 shares done.
Not 40,000 shares.
Big difference
SgTrader17 ( Date: 07-Jul-2017 17:22) Posted:
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Over 40,000 shares done at last trading minutes.
Perhaps Contra players selling out on last trading day, but still managed to closed at 24cts.
Price check:
23.5cts - 24cts
Difference: +0.5cts
Volume: 1200+
Status: Listed.
Hypocrites still can't do much to bring price down.
Talk is just worth that much.
Real investors refused to let price dip down.
Cheers
Perhaps Contra players selling out on last trading day, but still managed to closed at 24cts.
Price check:
23.5cts - 24cts
Difference: +0.5cts
Volume: 1200+
Status: Listed.
Hypocrites still can't do much to bring price down.
Talk is just worth that much.
Real investors refused to let price dip down.
Cheers
no leh, Loquat fan is not leong chan teik. But you are right that he is from Nextinsight. He can offer you pisang raja from his garden. lol. Leong chan teik knows Aizai, leeeta and several others.
Superkilat ( Date: 07-Jul-2017 15:12) Posted:
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If .... He is paid to do such positive reports, at least something to understand.
And his report are also using real data and scenarios.
Worst, are those using fake scenarios like product recall, share suspended ... Etc ...
And not being paid.
These hypocrites are jokers.
~~~ hahahaha ~~~
And his report are also using real data and scenarios.
Worst, are those using fake scenarios like product recall, share suspended ... Etc ...
And not being paid.
These hypocrites are jokers.
~~~ hahahaha ~~~
there' ' s one guy nick call leong... talk quite sensible. Maybe u r referring to him?
Paid to himself? Loquat fan ,the writer is Mr Leong Chan Teik. He is co founder of nextinsight. He is also in SJ. His nickname is .......Hahaha
Nowsday, got paid research, paid articles...etc..
Must be wary not to follow blindy.
Must be wary not to follow blindy.
zandlery ( Date: 07-Jul-2017 13:41) Posted:
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paid analyst??
zandlery ( Date: 07-Jul-2017 13:41) Posted:
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Zan, longterm, invest,
Thanks for sharing ...
Cheers.
I ve same views as you guys. Bond restructuring is a good deal and company is in better position now, financially n in terms of bargain powers.
Why no big pump on the stock? I think, many retail investors are waiting for more concrete evidence or news from Sino Grandness (to announce on SGX).
Just same, there's no more dumping on the stock, like the previous months during pre rights issue.
Cheers.
Thanks for sharing ...
Cheers.
I ve same views as you guys. Bond restructuring is a good deal and company is in better position now, financially n in terms of bargain powers.
Why no big pump on the stock? I think, many retail investors are waiting for more concrete evidence or news from Sino Grandness (to announce on SGX).
Just same, there's no more dumping on the stock, like the previous months during pre rights issue.
Cheers.
Anyway, I realise something about nextinsight.
It look like a platform for interest parties to promote a stock. Observe frequent occasion when an positive article about certain stock start to surface on that website, after a moment, there were someone pumping the stock.
A stock price movement not only affect by textbook analyses of fundamentals. Also more often due to interest parties stiring........so those textbook theory aside, what is the chance of another pump coming?
It look like a platform for interest parties to promote a stock. Observe frequent occasion when an positive article about certain stock start to surface on that website, after a moment, there were someone pumping the stock.
A stock price movement not only affect by textbook analyses of fundamentals. Also more often due to interest parties stiring........so those textbook theory aside, what is the chance of another pump coming?
Like to share some views here too..
Yes, agree that the restructure is already done and It could have been a ..
no deal vs bad deal vs good deal.
In this instance, the deal is definitely good for the company.
I was asking why the bondholders' support for the company are so strong?
Are they now taking more or less risk?
Are there not so many short reports and rumors about the company and its CEO?
Isn' t not the IPO application lapsed and yet the bondholders keep their faith?
I think its all about bargaining power.
The bondholders is likely to assess that company is progressing well, its business plan intact and possibly coming to achieve their target.
And of course, the company must also have the resources to redeem its bonds when going into the negotiation.
This episode is a very good development and highly significant and this i do agree with the article writer. Cheers.
Yes, agree that the restructure is already done and It could have been a ..
no deal vs bad deal vs good deal.
In this instance, the deal is definitely good for the company.
I was asking why the bondholders' support for the company are so strong?
Are they now taking more or less risk?
Are there not so many short reports and rumors about the company and its CEO?
Isn' t not the IPO application lapsed and yet the bondholders keep their faith?
I think its all about bargaining power.
The bondholders is likely to assess that company is progressing well, its business plan intact and possibly coming to achieve their target.
And of course, the company must also have the resources to redeem its bonds when going into the negotiation.
This episode is a very good development and highly significant and this i do agree with the article writer. Cheers.
My view :
1. The bond restructure is definitely good for company vs no deal, as it buys time. Note the comparison is vs no deal. In absolute term, we would not know if this is sufficient to bring company out of woods or not.
2. Don't read too much in 'bond holder has confidence'. The bonds holder were after equity since day one, but just put on extra protection. I am not saying that it is no good, but that these bond holders are not usual bond holder who are extremely caution on risk. These are equity investor who are willing to take risk.
1. The bond restructure is definitely good for company vs no deal, as it buys time. Note the comparison is vs no deal. In absolute term, we would not know if this is sufficient to bring company out of woods or not.
2. Don't read too much in 'bond holder has confidence'. The bonds holder were after equity since day one, but just put on extra protection. I am not saying that it is no good, but that these bond holders are not usual bond holder who are extremely caution on risk. These are equity investor who are willing to take risk.
Abstract from the article..
Second bond restructuring, in 2017
The strong liquidity resources might have strengthened Garden Fresh' s bargaining position, resulting in the following outcomes:
(a) Garden Fresh will redeem SB2
(b) the outstanding bonds will be replaced by preference shares
(c) another 30 months given to Garden Fresh to apply for listing. Redemption of the preference shares will be either at 9% or 7% depending on certain outcomes.
The interest saving is substantial. Redeeming the outstanding bonds (aggregate principal amount of RMB 210m) on 28 Feb 2017 at 25% and 20% would cost RMB 535m. On the other hand, redeeming preference shares on the same date would have cost RMB 317m at 9%, or RMB 290m at 7%.
Garden Fresh is now in a better position to redeem, as it takes every 10 years for an amount to double at 7% (whereas doubling happens every three years at 25%, and every four years at 20%).
Replacing bonds by preference shares is a major concession from bondholders as shares are riskier from bondholders' standpoint.
CIDB, holder of all 2011 bonds, has made an even bigger concession than 2012 bondholders. It will not be compensated for relinquishing the higher interest rate of 25% relative to the 20% interest rate given up 2012 bondholders.
If Garden Fresh gets listed, preference shareholders will own 16.88% of Garden Fresh, higher than the 14.7% agreed to in the earlier restructuring. This is likely to reciprocate the substantial concessions made by the bondholders.
Conclusion
Garden Fresh has grown its business aggressively and, at the same time, gradually pared down its liabilities.
The recent, second restructuring is significant. The replacement of high-interest bonds by lower-interest preference shares reflects creditors' growing confidence in Garden Fresh.
One of the key observation from the recent restructuring of bonds:
Bondholders exchanged bonds for preference shares.
In a company liquidation, creditors including bondholders rank above preference shareholders in the distribution of the net assets of the company. Creditors get 100% of the amounts owed to them (if there are enought funds) before distribution to preference shareholders commences.
To take on this increase in risk for the bondholders, bondholders might have reconsidered the points raised by cccx123 in his 07:35 post this morning.
cccx123, you used the words bond defaults. You might have misrepresented and this is very misleading. Or do you mean bond restructuring?
Bondholders exchanged bonds for preference shares.
In a company liquidation, creditors including bondholders rank above preference shareholders in the distribution of the net assets of the company. Creditors get 100% of the amounts owed to them (if there are enought funds) before distribution to preference shareholders commences.
To take on this increase in risk for the bondholders, bondholders might have reconsidered the points raised by cccx123 in his 07:35 post this morning.
cccx123, you used the words bond defaults. You might have misrepresented and this is very misleading. Or do you mean bond restructuring?
Thanks for sharing, bro.
I am thinking of ordering it.
See if it will ship over to Singapore.
I Shld try the product personally, hear say no use.
I am thinking of ordering it.
See if it will ship over to Singapore.
I Shld try the product personally, hear say no use.
benny100 ( Date: 07-Jul-2017 03:10) Posted:
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