| Latest Forum Topics / Pacific Andes Last:0.022 -- |
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Fish & Cheap???
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francisd
Veteran |
21-Oct-2008 14:31
Yells: "BUY LOW SELL HIGH" |
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Saw yesterday someone bought up around 2 million shares in the last 10 mts of trade and pushed up the price for the low of 13 cents. Great looking forward for better times for fishes. Low price div. yield around 14%. Cheers | ||
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hotstock
Veteran |
14-Oct-2008 12:36
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China Fish is better than this counter...... It has at least 100% upside... | ||
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francisd
Veteran |
14-Oct-2008 11:09
Yells: "BUY LOW SELL HIGH" |
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According to the Annual Report, one of the bankers for Pacandes is one of the Iceland Bank which the icelandic govt. has taken over. I wonder if there are any borrowings from this bank and any impact on the working requirements for Pacandes since their gearing is high also. But being in a capital intensive industry I believe this is ok. Ofcourse the dividend yield is fantastic @ this price, better than SPH. Any of the seniors have any input on this, you are welcome. |
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deividz
Member |
13-Oct-2008 15:07
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What happened? Everyone's going up except this bugger. 
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Bob3288
Member |
16-Sep-2008 16:24
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Believe it or not, the historical low was below $0.10 if I remember correctly. | ||
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francisd
Veteran |
16-Sep-2008 13:34
Yells: "BUY LOW SELL HIGH" |
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Hi guys, the fish is going cheap today, with big volumes. Anybody knows the historical low of this counter. Went in today @ .22 looking for yields of around 8%. Cheers. |
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investsgx
Member |
25-Aug-2008 21:05
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If the management still committed to subscribe to the script, then it will be a good news for retail investor like us. This will be similar like getting them to subscribe to right issue at price tag higher then the market price. | ||
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musicwhiz5
Senior |
25-Aug-2008 20:37
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Investsgx is correct to say that accepting cash is better than scrip if the price stays below 44 cents, as this means you can use the cash to purchase more shares cheaply from the open market. Regards. |
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investsgx
Member |
25-Aug-2008 14:04
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Pls take note that the information in sgmusic site is not updated for month and it is not correct now (he choose script instead of cash!!). He has changed his mind. Issue price of the script is at 44 cents (pls confirm it) and the current Pacific Andes share price is 38.5 cents (on 25/8/08 mid day). Therefore, investor shall choose cash instead of script. If you are entitled, you will be paid in cash by default. Unless the share price suddenly rise above 44 cents, otherwise, you have an easy choice. http://investsgx.blogspot.com/ |
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leecl1975
Member |
23-Aug-2008 20:19
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Fyi, http://sgmusicwhiz.blogspot.com/search/label/Pacific%20Andes
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relive1992
Member |
21-Aug-2008 22:44
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Can anyone enlighten me abt the "Script Dividend Scheme" that was sent to us. Thank You. | ||
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soyabean
Member |
10-Jul-2008 15:40
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wats WC? water closet? | ||
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boochap
Member |
09-Jul-2008 22:25
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This company not that healthy. the analyst only talk bullshit. look at the financial statement over the last 5yrs... summation of last 5yr $$ basis: they make 2.6bHK$ profit in profit.. sound good. operating cash flow was a big negative -0.4bHK$. dumped 3.8bHK$ into WC, and 6.5bHK$ into capex. total financing was 7bHK$.. mostly debt, some equity. profitable, with high WC, no cash.. u wanna buy this kinna of biz? |
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metalx
Member |
06-Jul-2008 23:51
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DUn see any thing worng with this company. 43cts is good for me. 
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nickyng
Supreme |
19-Jun-2008 17:18
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be patience...wait for 45cts akan datang ! :D | ||
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knightrider
Elite |
19-Jun-2008 17:04
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The fish is all dead and smelly (hokkien say "c" "cao") ! Then disappointed !!! | ||
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darius
Member |
18-May-2008 02:12
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This fish looks enticing, for conservatives, may want to wait for the 50ma to cross the 200ma. Otherwise, near term resistance taken out with strong volume. | ||
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178investors
Veteran |
18-May-2008 00:45
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Dead-cross when ... soon... not yet ... anytime now... ?
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esmond
Member |
16-May-2008 14:47
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PACIFIC ANDES, ocbc maintain BUY with target price $0.825 -Well-placed for growth. In this age of increasing awareness for healthier food choices, the consumption of seafood products is likely to continue to rise. For Pacific Andes Holdings (PAH), with its long record of operating in China, it is well-placed to benefit from this rising trend in its key market which accounted for 76% of sales, and this is achieved on higher revenues which grew at a rate of 29% per year from FY04-FY07. In profit terms, growth is even more remarkable at 62% due to the inclusion of the higher margin fishing operation. -Quota is the gem. In a regulated fishing sector in the North Pacific, quota is highly critical to the business. In this respect, its fishing operation has secured around a 20% market share via various vessel operating agreements (VOAs) to fish for Alaskan Pollock, Herring, etc. Its fishing operation is a highly profitable unit, which enjoys a gross margin of more than 30%. -Vertical integration strategy is showing results. PAH has been reaping the rewards of its investment into fishing operation since 2004 as its net margins improved from less than 4% before FY04 to more than 7%. This is also shown in the CAGR growth in net profit of 62% for FY04-FY08 versus 23% for FY00-FY04. The upstream investment has also provided PAH with a more secured source of fish supply. Now, it is in a right place to expand its operational and geographical footprints, moving into fishmeal and developing its operations in Peru. -Undemanding valuations warrant a BUY. At current price, PAH is trading at undemanding valuation of 8.0x FY08 and 5.8x FY09 PER, backed by earnings growth of more than 30% for FY08 and FY09. Dividend yield is decent and estimated at about 4.7% for FY08. PAH has a good track record of posting consistent profits since listing. In addition, it is also a fairly defensive play under present uncertain market condition as it is supplying a food item that is growing in terms of consumption patterns. Moving forward, we expect better catch quota for 2008, higher efficiency from its recently expanded Peru operation, still strong demand and high fish prices to be some of the drivers for growth. At current price, and pegged at an undemanding valuation of 10x earnings, our fair value remains at 82.5 cents. With strong defensive earnings and a good dividend yield, PAH stays as a BUY. |
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esmond
Member |
16-May-2008 14:44
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stready la. tp 0.825. | ||
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