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China Fishery - Low PE

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JMS213     21-Mar-2013 09:31  
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Veteran Guo,

You mentioned  " 28 March Commencement of “nil-paid” rights trading on SGX-ST" , may I know how to determine the rights price to be traded on 28 March ? Thanks
 
 
guoyanyunyan     21-Mar-2013 09:00  
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...  21 March Shares trade on ex-rights basis ...

... theoretical price is ($0.60 + $0.34) / 2 = $0.470 
 
 
JMS213     21-Mar-2013 01:10  
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Aftermath of CF's rights issue.

Kudos to Master Starlene, you are so right in your analysis. I'm sure you are a seasoned player. Thank you all seniors for the contributions, in term of info and advice. Halleluyah is correct, BBs did play funny .... at one stage was trading in a narrow range, and when you take your eye off for a moment, this " sleepy fish" tranform into one of the largest and most beautiful fish in the ocean, The Blue Marlin. Many tried to tame the fish but it continue to charge forward and cross the psychological barrier of $0.60 at the close of the bell. I held my breath all the way to the end .... shiok ... it is like watching a boxing match.

What's next ???   Hope the Seniors can give their thoughts ....   When will we know the takeover of Copeinca by CF ?  Is there a dateline drawn for the takeover ? Thanks
 

 
guoyanyunyan     20-Mar-2013 20:58  
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Visit [For New Investors - A Basic Guide To Investing On The SGX Securities Market]

Not just useful for new investors .... 

 
 
newbie888     20-Mar-2013 19:46  
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Yea...finally reached...but not too convince...hopefully tml will be better...btw how do we apply for the right and does ex rights actually mean? sorry...first timer in applyin rights...lol...
 
 
guoyanyunyan     20-Mar-2013 16:37  
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... last three days, can't break through $0.595... today can..... reach... $0.600......?...
 

 
guoyanyunyan     20-Mar-2013 14:04  
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  • 20 March Last day for shares to trade on cum-rights basis
  • 21 March Shares trade on ex-rights basis
  • 25 March Books Closure Date
  • 28 March Commencement of “nil-paid” rights trading on SGX-ST and despatch of OIS.
  • 12 April Last day for acceptance and payment of Rights Shares
  • 19 April Expected date for issuance of Rights Shares
  • 22 April Expected date for commencement of trading of Rights Shares
 
 
newbie888     20-Mar-2013 13:32  
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When can i start to subscribe for the rights? i have yet to receive any letter...please advise
 
 
JMS213     20-Mar-2013 08:51  
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RESULTS OF EXTRAORDINARY GENERAL MEETING


The Board of Directors of China Fishery Group Limited (the " Company" ) is pleased to announce that all resolutions relating to matters set out in the Notice of Extraordinary General Meeting (" EGM" ) dated 28 February 2013 were voted on by way of a poll.

All resolutions were passed at the EGM of the Company held on 19 March 2013.

Yesterday was amazing, this is my analysis, maybe genuine buyers  are wanting to have a stake in this BBs and many short sellers realised and sell down. Man is like a wrestling match, they tried very hard to sell down but the wall of buyers just keep coming. 

Guess what a check with SGX, there is no account of shares being short. Understand today is the last day and any short position will be closed automatically (let me know if I'm wrong). This is my first time watching an event. WOW it is AWESOME !!! 

  Seniors, what is your take on this. Today is the last day for the RIGHTS ..... Pray it will be UP ... UP and away ... 

 

 
 
starlene     18-Mar-2013 12:59  
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Normally head higher at EGM as rights definitely approved,and 1-2 day cum rights will push higher so the theoretical ex-rights will be> 50cts

halleluyah      ( Date: 15-Mar-2013 22:15) Posted:

Early mrng 0.565-0.57. Almost closing 0.555-0.56. Then close 0.565. I q juat after mkt close. Tats is kopi $ only. Am confident to get 0.56.

starlene      ( Date: 15-Mar-2013 21:26) Posted:

U sure or not Halleluyah,U said U shorted ytday 14Mar when ChinaFish was 56-56.6-57 and U covered,how to make $$$,lijkley U incur losses after taking into account brokerage from both ways..the price U shorted cant be 58cts in the morning but by afternoon it went to 56-56.5cts I can remember vividly becoz I bought,,,bro u sure or not


 

 
JMS213     18-Mar-2013 10:47  
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Guys, found this article very interesting,

[SINGAPORE] As they put the nightmare of the global financial crisis behind them, high net worth individuals are turning positive on equities and buying them again.But they are not really participating in the " great rotation" - Wall Street's hypothesis of a once-in-a-generation bond sell-off - to pay for riskier equity assets  say seven private banks  interviewed by The Business Times. 

The majority of clients he surveyed are positive on equities now, he said.  " But if you ask how they're investing, they still haven't implemented their strategy. So it's a slow move back in. If we get three quarters in a row of good news, then they'll come rushing  back."

Pray tomorrow EGM meeting has a major Boomz. Big Cheers  Smiley  Huat Ah !!!


 
 
JMS213     18-Mar-2013 09:35  
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Halleluyah,

You mentioned you short CF nearly lost money but before mkt closes, you managed to get some kopi $$$. You very pro know when to pull back.  The number of shorts also has gone down last Friday.

Seniors, please share your view so we can learn or know how it works. What is tomorrow EGM about ? How does it chart CF going forward ? 
 
 
JMS213     18-Mar-2013 09:03  
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Hi Starlene, I remember Halleluyah asked for your prediction.

" Peru's Copeinca Vulnerable to China Fishery Takeover - J.P. Morgan" by Blanchard.  Question :

  1. It is pretty obvious that looking at all circumstances, China Fish has strategically positioned themselves well in acquiring Copeinca and tomorrow is the EGM and nearer to the Ex-rights. The interest of the majority shareholders and  those who want to have a stake in CF  outweight the number of speculators, (shortsellers). Halleluyah, how would the last day $0.57/0.575 ? I would love that to happen {on the last day} to BUY more ..Smiley
  2. Does not seem to make sense ?
  3. Someone told me, just like Olam after the saga by Muddy Water, after the ex-rights the price went up and is poise to recover further. 
Starlene, what is your take regarding this ? Kamsia


 
 
 
JMS213     16-Mar-2013 10:24  
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Hey Halleluyah,

This is one forum that is so enriching, can you imagine going to class room to hear all the knowledge. Over here is on the job, lesson and learning first hand from you, season veterans. Thank you

Please share your thoughts, guess through YOUR SHARING more are being enRICH  Smiley 
 
 
Blanchard     15-Mar-2013 23:34  
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Peru's Copeinca Vulnerable to China Fishery Takeover - J.P. Morgan

Mar 15, 2013 (Dow Jones Commodities News Select via Comtex) --By Robert Kozak

Peru's Copeinca ASA, (COP.OS) the second biggest fishing company in the Andean nation, has a fragmented shareholder structure and is vulnerable to a takeover, J.P. Morgan Chase said.

China Fishery Group Ltd. (CIFHY) has launched a public offer for Copeinca's common shares, a bid worth 551 million, the bank said in a report late Thursday.

The largest shareholder, Dyer Coriat Holdings, is opposing the takeover, saying the offer is a lowball bid.

J.P. Morgan said Dyer Coriat has a 32.6% stake in Copeinca, followed by Ocean Harvest with 13.9%, Euroclear Bank with 11.3% and an investment fund held by the Dyer Coriat Investors with 5.96%.

" The remaining stakes are very fragmented with most investors holdings less than 1.4%. Therefore, technically a deal could go forward without the agreement of Dyer Coriat," the bank said.

J.P. Morgan says that China Fishery has already secured 41.5% in positive indications, such as pre-sold shares or binding agreements.

Peru's rich fishing grounds make it the world's largest producer of fishmeal, which is exported to China, Germany and a number of other nations. The fishmeal, used in part as a high-quality animal feed, is made mainly of anchovy.

Copeinca officials say their company is worth up to 1.1 billion, and said Thursday the company is looking at all options, including soliciting interest from potential alternative bidders.

It added that " interesting dialogues have already been established with potentially interested parties attracted by Copeinca's leading operational platform and market position."

Peru's Credibolsa SAB, which is handling the public share purchase offer, said in a published statement that the offer is open until April 15.

Copeinca said it " strongly advises shareholders to refrain from taking any action in respect of their shares in Copeinca which may be prejudicial to their interests."

Separately, South Korea's Dongwon Group has reportedly made an offer to purchase Peru's Pesquera Diamante, a leading fishing company.

 

 
guoyanyunyan     15-Mar-2013 22:24  
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.... has not seen such a long white candlestick today for so long ..Smiley.. signal more good coming ....
 
 
halleluyah     15-Mar-2013 22:20  
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If i'm nt wrong gt touch 0.555 bt did nt reach my q. I predict last dy rights most likely 0.57/0.575. Fren Starlene wats yr prediction.

halleluyah      ( Date: 15-Mar-2013 22:15) Posted:

Early mrng 0.565-0.57. Almost closing 0.555-0.56. Then close 0.565. I q juat after mkt close. Tats is kopi $ only. Am confident to get 0.56.

starlene      ( Date: 15-Mar-2013 21:26) Posted:

U sure or not Halleluyah,U said U shorted ytday 14Mar when ChinaFish was 56-56.6-57 and U covered,how to make $$$,lijkley U incur losses after taking into account brokerage from both ways..the price U shorted cant be 58cts in the morning but by afternoon it went to 56-56.5cts I can remember vividly becoz I bought,,,bro u sure or not


 
 
halleluyah     15-Mar-2013 22:15  
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Early mrng 0.565-0.57. Almost closing 0.555-0.56. Then close 0.565. I q juat after mkt close. Tats is kopi $ only. Am confident to get 0.56.

starlene      ( Date: 15-Mar-2013 21:26) Posted:

U sure or not Halleluyah,U said U shorted ytday 14Mar when ChinaFish was 56-56.6-57 and U covered,how to make $$$,lijkley U incur losses after taking into account brokerage from both ways..the price U shorted cant be 58cts in the morning but by afternoon it went to 56-56.5cts I can remember vividly becoz I bought,,,bro u sure or not?

halleluyah      ( Date: 15-Mar-2013 18:11) Posted:

Was so tempting to short tdy bt i see hsi n ssec was doing well. Who knows hsi turning into red later. Infact, yesterday i shorted small n cover  near closing....fr kopi $


 
 
halleluyah     15-Mar-2013 22:09  
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Early mrng 0.565-0.57. Almost closing 0.555-0.56. Then close 0.565. I q juat after mkt close. Tats is kopi $ only. Am confident to get 0.56.

starlene      ( Date: 15-Mar-2013 21:26) Posted:

U sure or not Halleluyah,U said U shorted ytday 14Mar when ChinaFish was 56-56.6-57 and U covered,how to make $$$,lijkley U incur losses after taking into account brokerage from both ways..the price U shorted cant be 58cts in the morning but by afternoon it went to 56-56.5cts I can remember vividly becoz I bought,,,bro u sure or not?

halleluyah      ( Date: 15-Mar-2013 18:11) Posted:

Was so tempting to short tdy bt i see hsi n ssec was doing well. Who knows hsi turning into red later. Infact, yesterday i shorted small n cover  near closing....fr kopi $


 
 
CWC2929     15-Mar-2013 22:05  
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This one I already keep under my pilo liao........only will check the price once a week.......Smiley
 
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