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China Minzhong Food forum

7.5 million shares done..

i'm in this for a punt..

gd luck dyodd

 

I look at it differently as cash was also pumped into the company, so NAV also up 10%. EPS will catch over time as this additional $ put into expansion. If you could buy it at 90 cts means you are getting additional 10% cash, don't think it is easily happen in short term. 

shareflux      ( Date: 08-May-2013 19:21) Posted: $1 is not low. This is the price in Jan before dilution by Indofood. CMZ should be selling at 90cts after a 10% dilution by issuing of new share to Indofood. Market likes the marriage of cmz and Indofood so much it pushed up the price to $1.20 after CNY. Now it is coming back to $1 which is still 10cts above its fair value price before dilution. Unless of course this marriage produces results so spectacular people are again willing to pay 30% premium ($1.20) above its diluted price of 90cts. tea444u      ( Date: 08-May-2013 18:47) Posted: think i follow ...this counter how come can go so low one

 

come shortist faster come in short it down to 1.0 first then i buy. don't want to be gan cheong

 

Haha!!! When is cheap cheap on sales must quickly grap....0.98 was a good le...🙈 🙉 🙊 🙉 🙈

 

Haha. GSS over. 

ozone2002      ( Date: 09-May-2013 09:32) Posted: jumped $0.035 to $1.04 gd luck dyodd ozone2002      ( Date: 08-May-2013 15:25) Posted: if it's fundamentally sound company with steadily growing earnings.. wouldn't a drop in share price be better if you are looking to buy into the company? gd luck dyodd

 

jumped $0.035 to $1.04

gd luck dyodd

ozone2002      ( Date: 08-May-2013 15:25) Posted: if it's fundamentally sound company with steadily growing earnings.. wouldn't a drop in share price be better if you are looking to buy into the company? gd luck dyodd

 

ic...any opinion on sino grandness and food empire? can buy?

 

$1 is not low. This is the price in Jan before dilution by Indofood. CMZ should be selling at 90cts after a 10% dilution by issuing of new share to Indofood.

Market likes the marriage of cmz and Indofood so much it pushed up the price to $1.20 after CNY. Now it is coming back to $1 which is still 10cts above its fair value price before dilution. Unless of course this marriage produces results so spectacular people are again willing to pay 30% premium ($1.20) above its diluted price of 90cts.

tea444u      ( Date: 08-May-2013 18:47) Posted: think i follow ...this counter how come can go so low one? srichipan      ( Date: 08-May-2013 16:01) Posted: drop abit more please. I buy tm

 

think i follow ...this counter how come can go so low one?

srichipan      ( Date: 08-May-2013 16:01) Posted: drop abit more please. I buy tmr francisd      ( Date: 08-May-2013 15:35) Posted: 1Q Results will be out on 13/5/13. Expect a run up in anticipation of good results. Watch out guys. Cheers

 

I meant 0.99

srichipan      ( Date: 08-May-2013 18:33) Posted: ok. will let you know if i managed to load. 0.90 please! francisd      ( Date: 08-May-2013 17:38) Posted: Maybe, try buying in during midmorn. GL. Cheers.

 

ok. will let you know if i managed to load. 0.90 please!

francisd      ( Date: 08-May-2013 17:38) Posted: Maybe, try buying in during midmorn. GL. Cheers.

 

Maybe, try buying in during midmorn. GL.

Cheers.

 

 

my money with other counters! no worries tmr will dip back to 99 range

francisd      ( Date: 08-May-2013 17:21) Posted: Why did you not buy when it went down to .965. Now you want to wait for the dip. May be have to wait long long or can buy after the results..... :)   srichipan      ( Date: 08-May-2013 16:01) Posted: drop abit more please. I buy tm

 

Why did you not buy when it went down to .965. Now you want to wait for the dip.

May be have to wait long long or can buy after the results..... :)

 

srichipan      ( Date: 08-May-2013 16:01) Posted: drop abit more please. I buy tmr francisd      ( Date: 08-May-2013 15:35) Posted: 1Q Results will be out on 13/5/13. Expect a run up in anticipation of good results. Watch out guys. Cheers

 

drop abit more please. I buy tmr

francisd      ( Date: 08-May-2013 15:35) Posted: 1Q Results will be out on 13/5/13. Expect a run up in anticipation of good results. Watch out guys. Cheers

 

1Q Results will be out on 13/5/13. Expect a run up in anticipation of good results.

Watch out guys. Cheers

 

if it's fundamentally sound company with steadily growing earnings..

wouldn't a drop in share price be better if you are looking to buy into the company?

gd luck dyodd

 

You are right， someone purposely press down the price

srichipan      ( Date: 03-May-2013 10:22) Posted: was looking at the trading pattern this morning. seems like someone is shorting.  anyway I'm waiting for a good price to enter  teobl9      ( Date: 03-May-2013 09:39) Posted: I sent an email to the Investor Relation Manager of CMZ yesterday and received his reply on the same night. Here is a brief extract from the email.  Concerning about the falling price, he informed that the company is not awared of the reason but the operation is running smoothly and is not affected by the recent Sichuan earthquake nor the ongoing H7N9 bird flu. He also assured that the soon release 3rd quarter financial report  will shedding more light on their recent development.

 

up 4c today..

have to break resistance of 1.02 to confirm the uptrend..

gd luck dyodd

 

Indofood might want to increase their stake again. maybe bringing down the price so that they can get it cheaper?