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China Milk
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tanh2l
Veteran |
28-Jan-2010 13:44
Yells: "Outcome is the proof to all brilliant processes." |
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x 0
x 0 Alert Admin |
make sure u come back in after u r done wif ur G while i done wif the durain picking at C :->
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alexchia01
Elite |
28-Jan-2010 13:12
Yells: "Catch The Stars And Ride With Them" |
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x 0
x 0 Alert Admin |
Dear bros and sis, Don't try to flog a dead horse. The market has just gone through a correction. There are plenty of healthy horses around at a bargain price. |
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Jackpot2010
Master |
28-Jan-2010 12:15
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switch to other counters - many hv fallen by the same % but fundamentally stronger than CMilk. Latter is facing liquidity problem for sure. No.1, ALL bond holders want to cash out. Why? They probably may know something we don't. No2., to repay $170m (USD not CYuan) in 1 go is near impossible. Which org hv $170m lying idling? The cash in books at a particular date is a moving figure & may hv been drawn down since then for other purposes - eg., Sino Env, China FibreChem.
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WLBO_BB
Master |
28-Jan-2010 12:03
Yells: "Warren Look Before Others _ Buffett Best " |
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x 0
x 0 Alert Admin |
bad sign...
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bombeepbeep
Member |
28-Jan-2010 12:02
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today seem strong at 0.32.. but still given most counters rebounded, this is still quite stagnant.. |
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tanh2l
Veteran |
28-Jan-2010 11:32
Yells: "Outcome is the proof to all brilliant processes." |
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x 0 Alert Admin |
u cant use charts and theory to analyse this stock in such situation:) millionaire or billionaire, thats the difference and this is the gateway to it. fundamentally this counter is strong. now the tainted milk product was clarified that this babe was not involve, next is for the "person" to collect enuff before u hear news on repayment on their convertible bonds.
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tyuesi
Member |
28-Jan-2010 08:39
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Anyone use technical analysis for stock investment? This stock is below EMA200 and the formation of cup has failed! To me. I feel there is no way this stock will rebound in near future. Sell half of my position and monitor.... If it tumble again... Sell ALL... :( at great loss because was not able to escape on the day it pludged 17%... :( |
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risktaker
Supreme |
28-Jan-2010 07:00
Yells: "Sometimes you think you know, but in fact you dont" |
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x 0 Alert Admin |
should be recovering :) Can buy @ 0.32
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tanh2l
Veteran |
28-Jan-2010 01:44
Yells: "Outcome is the proof to all brilliant processes." |
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x 0 Alert Admin |
it will be back to biz once the "fear" correction is over, dun woory, this is time to make $$ if u dare to ave down | ||||
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alanalanlee
Member |
27-Jan-2010 22:04
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at least it is not droppin today.. a good sign? can't let go coz the loss is already there,just praying that i can break even. |
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tyuesi
Member |
27-Jan-2010 18:52
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May I know why it is not good since August 2009? From chart or it's fundamental? Anyone know how to get the latest information about China Milk credit repayment? Thank you very much.. From, Victim who do not able to escape on 26th Jan... :( |
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grandmaster89
Veteran |
27-Jan-2010 17:25
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Since August 09, there shouldn't be any fundamental reason to buy and hold the stock... | ||||
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bombeepbeep
Member |
27-Jan-2010 17:08
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great uncertainty lies ahead.. reduced holding by 1/2 already, as need to free up $$ to buy better fundamental stocks lost quite a bit.. :(
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tanh2l
Veteran |
27-Jan-2010 16:46
Yells: "Outcome is the proof to all brilliant processes." |
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x 0 Alert Admin |
finally some good news out of the bloody battlefield, milky was already over-corrected by ystd rumour. this is the reason it found support in today round 2 bloodshed. its still fundamentally strong, after the battle, the soldiers will be back for china milky mm...and this time the rewards - one extra cup size, thanks to the recent "published" article:)
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stkoh78
Member |
27-Jan-2010 16:41
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x 0
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Extra this Lim and Tan Security Report. The stock plunged 21% yesterday on the back of a report from the South China Morning Post citing it as one of the China companies (the rest are China Sun, Celestial Nutrifood, and Sino Environment) being unable to pay their convertible bonders. We would like to highlight that unlike the other companies who are unable to meet their convertible bondholder’s redemption requirement due to insufficient funds in the company, China Milk had on 5 Jan 2010 said that the company is still currently awaiting clearance from the State Adm of Foreign Exchange for the remittance out of China of US$170.56mln (being for the full settlement of the early redemption at the option of the bondholders which includes interest). Management believes that the delay is administrative and procedural in nature and there is no legal obstacle to the remittance of the money. As at 2Q ended Sept ’09, the company had cash holdings of close to US$300mln (ie after repayment to their bondholders, they will still have cash of US$129mln). However, fundamentally, the company was negatively impacted by the delayed impact from the melamine scandal early last year as farmers scaled back bull semen and embryo purchases due to reduced demand for locally produced milk in preference for overseas milk. This resulted in both sales and profits for 2Q ended Sept ’09 to be down a significant 75-80% yoy and management expects the continued negative impact to linger on for a while longer (business visibility remains low), especially with the recent renewed melamine fiasco in China. Little wonder that the stock is currently at depressed levels, trading at 0.5x price to book and 20% premium to its net cash holdings. While the stock could potentially see a bounce if the Chinese authorities give them clearance to remit their cash out to repay their bondholders, a more sustainable rebound will only materialize when the recently renewed melamine fiasco blows-over in China, paving the way for local farmers to again buy bull semens and cow embryos, the company’s key profit drivers. |
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bombeepbeep
Member |
27-Jan-2010 14:07
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people losing confidence day by day until CM open their big mouth.... |
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tanh2l
Veteran |
27-Jan-2010 13:20
Yells: "Outcome is the proof to all brilliant processes." |
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x 0
x 0 Alert Admin |
well this life in stock investment, bound to have up and down. risktaker is kind enuff to share with us wif his insights, no one can guarantee which stock will surely go up in near term, else all of us wld be overnite billionaire. I believe our bro risktaker also has suffered from this brunt, we shld take it up and move on. Like some people here, we are still holding on to this milky cow, at least now we now they are not one of the 3 co involved in the tainted milk issue. Next clearance will be their ability to repay the convertible bond issue. Once cleared, based on their historical px and current low, it will reinstate its position. Cheers!
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niuyear
Supreme |
27-Jan-2010 12:48
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Those idots (fruadulent merchants) who involved in tainted milk will be sent to Level 8 of Hell, i.e. Chamber of mountain of knives where they are made to shed blood by climbing the mountain of knives. Cruel it may sound, but , they deserve it. Believe in Hell , then dont commit any sinful act...
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alexchia01
Elite |
27-Jan-2010 11:57
Yells: "Catch The Stars And Ride With Them" |
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x 0
x 0 Alert Admin |
ChinaMilk had been a mistake trade for me. Fundamentally it is weak. I brought this based purely on technically analysis. A little rumors here and there proves too much to it to take. Plus yesterday's market decline. Made this stock fall right into bottom. Currently, sentiment is weak and may stay weak for a while. For now, cannot buy this stock. Lesson Learned: Weak Fundamental Stocks Cannot Withstand Negative Rumors. |
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hyruga
Member |
27-Jan-2010 11:26
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x 0
x 0 Alert Admin |
By the time it get suspended like ferro, sino-env, it will all be too late. I think its way too risky to trade in this counter now. |
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