China Fishery    Last:0.076   -

China Fishery - Low PE

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 $. JMS213      ( Date: 15-Mar-2013 16:22) Posted: Thank you all Seniors for your sharing.  Halleluyah is right, " Dun wait till last dy incase BBs play funny." Just the other day I was lamenting that the stock is trading in a tight range and today it just gallop faster than I thought. If only ...... now I understand why people short the market. Just a wishful thought, please short the market so I can get in ..... Haha Come to think about it, shortists are very pro and cool, know when to do it. It takes a lot of courage and experience to be able to know how to execute it. Can't imagine shorting and the market shoot up, honestly don't know what to do ....   Kudos to those people who sell short. As for me, I better learn how to crawl which is long ... I like what Serialain  said " let's pray there 's something cooking in the corporate boardrooms to have a major boomz soon"   Huat Ah !!!

 

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 $.

JMS213      ( Date: 15-Mar-2013 16:22) Posted: Thank you all Seniors for your sharing.  Halleluyah is right, " Dun wait till last dy incase BBs play funny." Just the other day I was lamenting that the stock is trading in a tight range and today it just gallop faster than I thought. If only ...... now I understand why people short the market. Just a wishful thought, please short the market so I can get in ..... Haha Come to think about it, shortists are very pro and cool, know when to do it. It takes a lot of courage and experience to be able to know how to execute it. Can't imagine shorting and the market shoot up, honestly don't know what to do ....   Kudos to those people who sell short. As for me, I better learn how to crawl which is long ... I like what Serialain  said " let's pray there 's something cooking in the corporate boardrooms to have a major boomz soon"   Huat Ah !!!

 

Thank you all Seniors for your sharing. 

Halleluyah is right, " Dun wait till last dy incase BBs play funny." Just the other day I was lamenting that the stock is trading in a tight range and today it just gallop faster than I thought. If only ...... now I understand why people short the market. Just a wishful thought, please short the market so I can get in ..... Haha

Come to think about it, shortists are very pro and cool, know when to do it. It takes a lot of courage and experience to be able to know how to execute it. Can't imagine shorting and the market shoot up, honestly don't know what to do ....   Kudos to those people who sell short.

As for me, I better learn how to crawl which is long ...

I like what Serialain  said " let's pray there 's something cooking in the corporate boardrooms to have a major boomz soon"   Huat Ah !!!

 

Maybe over time... there might be interested parties attracted  by China Fish's leading operational platform and market position... who knows? Just a mental indulgence...

 

I love ChinaFish..bough a lot in 2007 at 60cts and above  and wow after the stock split it shot past $1,20 the price I sold and it even soared to $2.50,listed in 2006 it even went past $3

chuayc1985      ( Date: 08-Mar-2013 17:20) Posted: Yes, you are right. May 2007 - price is 2.50. May 2007 - share split Oct 2008 - price is around 0.50. Price has dropped gradually from 2.50 to 0.50 after share split. I want to know the reason for this drop because I am vested too.

 

Grab yr ChinaFish b4 too late by Mon 18 U cant get at 59cts..hve been picking these few days from 56-59cts..rights 34cts after ex theoetical price,say 59cts (59+34/)/2=46.5 will likley close > 50cts..wait for 3 mths willcross> 80cts again typical of this counter

starlene      ( Date: 12-Mar-2013 13:33) Posted: It shows ChinaFish is right to acquire this Peru co..but if deal aborted,rights issue will boost its coffers,shd head back to higher level again Blanchard      ( Date: 12-Mar-2013 09:52) Posted: Extract from Undercurrentnews, dated 11 Mar 13: The precedent set by recent mergers and acquisitions in Peru, as well as the strong and improving company EBITDA and plans to move into value-added feed, show that the $556m bid made by China Fishery is not close to being enough, said Copeinca. Speaking during a conference call in which the Peruvian firm set out some of its plans for growth, Pablo Trapunsky, CEO of the company, announced that it would be strengthening its already-healthy earnings in the next five years through value-added fishmeal and oil. Based on Peruvian mergers and acquisitions made since 2011, a company’s share of the Peruvian total allowable catch quota has been valued at between $90 million to $105 million per 1% of the quota. On these terms, and due to its 10.7% quota holding, Copeinca should be valued at between $950m and $1.1 billion, said Trapunsky. The position of the company is another factor which makes it more valuable than China Fishery’s offer suggested, said the CEO. Anchovy quotas are well below the average catch that has been allowed over the past 20 years, while demand from Asia and especially Chinese aquaculture for high protein feed is growing. Copeinca prices its ‘super prime’ fishmeal at $2,100 per metric ton in 2013, the peak of a steadily increasing trend since 2001, while it prices its aqua grade fish oil at $2,600 and Omega-3 grade oil at $3,100 /mt. Since 2010, the company has been increasing its efficiency and the quality of its produce, said Trapunsky. It has streamlined, and the benefits can be seen in its EBITDA from each year, which in 2011 hit over $100m for the first time. “Now we have higher efficiencies, higher quality of end product and of course, much higher profitability,” he explained. To add to this, 2013 marks the start of Copeinca’s move into value-added products. Specifically, the company is set to produce new oil and fishmeal products, which add significant value to the prices already being earned. The value-added fishmeal is expected to add $700/mt within two to three years, while purified oil, which can be produced inside a year, would add over $1,000/mt, and concentrated oil, which would take four or five years to reach full quality, increases in value as it becomes more concentrated, as it requires less to nourish fish. Asked about bids other than the China Fishery one, the Copeinca executive stated that scenarios which maximized the return for shareholders were still being evaluated. “I would say that Copeinca is probably the most profitable fishing company in Peru,” said Trapunsky, explaining his valuation of the company. “It has a very clever business model which delivers results as expected…and even with low quotas for the company, we achieve a very strong cashflow.”

 

oh look, after lunch time, price suddenly boost to 0.59, could it be happening already? haha

 

Must b the last 2 dys shortist covered their position as china n hsi rebounded. Also US gd reports supporting the market sentiments. 

JMS213      ( Date: 15-Mar-2013 13:31) Posted: Gosh ... it is indeed hollow and weak. There many trying to short the stock, man cannot understand their logic. Sorry I am just a novice, looking at the situation, it behooves me. This is definitely a good company to park my money. What do you think Seniors

 

Haha dude your thinking aloud thoughts are funny, chill out for a bit! I am just a noob myself and my opinion may not give you the reassurance you need but this is my read. What starlene is saying is nearer to the deadline aka XR date, for people to buy shares with the rights issue attached, there will be a flurry of investor activity to buy this stock in order to get the rights issue (based on starlene's previous observations of this stocks activity). This represents an opportunity to sell if you want to make a small profit. However typically after XR date, most stock prices will tend to drop because there will be a dilution of shares, hence EPS will decrease. This is why I think there are people taking short positions on this stock. How much this stock will drop no one knows, but one can predict using theory. Assuming the price is $0.58, it should drop to about $0.46 [(0.58+0.34)/2].

  Assuming you took the rights issue, if stocks drops to about $0.50, you will also make money because the average price you bought the share would be lower than that. So you can also sell once you can trade your rights issued stocks. 

So then we have this issue of the acquisition, for me I am hoping it will take place, and the offer ends somewhere in April if I am not wrong. Because if it does happen, the price will shoot up like crazy as it is a good deal for China Fishery. Then we can all huat together. If it doesn't, the company's coffers will be boosted, one of the issues with China Fishery is its poor liquidity, so in that case there may be a return of investor confidence, as well as market coverage from the M & A deal, and long term price will also increase. Either way we win because we bought at a low price.

In short, don't worry about the swing traders, and the shortists, have confidence in your analysis, and lets pray there's something cooking in the corporate boardrooms to have a major boomz soon!

  P.S: please correct me if anything I said is wrong as I am still learning too! 

 

Gosh ... it is indeed hollow and weak. There many trying to short the stock, man cannot understand their logic. Sorry I am just a novice, looking at the situation, it behooves me. This is definitely a good company to park my money. What do you think Seniors

 

Why would anyone wants to short the market when it is so near to ex-right ? Halleluyah. Sorry, is it true that Short Position will be covered on the 20 March 2013 ? I'm trying to understand the length and breadth of this market, how is behave ? With knowledge from you, Seniors I hope I am doing the right thing. Cheers

Like I said I am not selling for sure, if it goes down further I will buy more to keep. 

 

Starlene is right. 

Can you imagine, it must have been careful planning by China Fish to acquire Copeinca,  Peru's No. 2 fish exporter to be the World Largest Fish Exporter. Either which way is good for CF buying a undervalued and profitable company.

Mostly importantly the company is sound,  " The credit agency Fitch Ratings has affirmed its BB- rating on China Fishery Group and removed it from its negative rating watch, saying no major deterioration or improvement is expected in the next 12 months.
The decision reflects Fitch’s assessment that China Fishery –  the fishing subsidiary of Pacific Andes International Holdings –  ”is not likely to suffer imminent substantial losses in its contract supply operations in Russia”, said Fitch."

Look  like I will keep the stock for good. Thanks to all the seniors

Kam sia,  

Rest assured when agm date draws nearer will shoot up..typical of this stock,esp cum right Even if deal aborted, rights issue will boost its coffers,shd head back to higher level again

 

Could it be the wall for CF sell is really hollow. It appears that the past few days there is no short sell trades because most of them are keeping for rights. If that being the case then the sell wall is hollow or weak. But again if I'm a buyer why would i want to push the price up ... makes no sense. Maybe to cater for the fall when it ex rights. Man ... this is complex .... urgh .... whatever I am in the queue right now, naturally I prefer it to fall ..... hehe

   

 

Halleluyah,

Check SGX " Marking of sell orders" for the first time, seeing short sellers. Does that mean anything ? Huh ... if this can help to know the pattern that is building up ..... just thinking aloud .....

 

Bro u r welcome. I dun deserve to hold tis rank as my knowledge is nt up to tt standard. I earn it thru chit chatting....haha. Left 4 dys, guess the lowest it will b 0.55. Dun wait till last dy incase BBs play funny. I'll scoop some 0.555 if can't get 0.55. Aredi gt some 0.56 yesterdy.

JMS213      ( Date: 14-Mar-2013 22:15) Posted: Veteran Halleluyah,  Thank you. No wonder, your title is veteran. Did not know it is so interesting .... ok. Keep some bullets when the price is nearer to ex-right.

 

Veteran Halleluyah, 

Thank you. No wonder, your title is veteran. Did not know it is so interesting .... ok. Keep some bullets when the price is nearer to ex-right. 

 

It is normal trading within a narrow range fr cr period. Never buy when it is just announce, fr sure will drop further towards the end. Tats why some ppl/bbs know b4 hand n they'll dump first. 

JMS213      ( Date: 14-Mar-2013 14:12) Posted: Can somebody please explain, it seems to me that players are wanting to keep the price within a range of $0.565-0.57, Why ? Yesterday, I thought .... I have missed the boat, bought some at $0.56 but today the price just creeped up a little ... wondering should I increase my stake? Any kind soul, what is happening ?

 

Can somebody please explain, it seems to me that players are wanting to keep the price within a range of $0.565-0.57, Why ? Yesterday, I thought .... I have missed the boat, bought some at $0.56 but today the price just creeped up a little ... wondering should I increase my stake? Any kind soul, what is happening ? 

 

Haha sama sama, Im also waiting to cash out my STX-OSV by then. Glad quite a few folks are waiting on this sleeping stock to leap and bound

chuayc1985      ( Date: 14-Mar-2013 12:23) Posted: I am waiting to cash out on STX OSV before 21st March to buy more on China Fishery. I also following Starlene. Cheers

 

I am waiting to cash out on STX OSV before 21st March to buy more on China Fishery.

I also following Starlene. Cheers