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888max Senior	16-Jul-2007 21:40        888max About Contact  Quote this Post!
x 0   x 0  Alert Admin	If  there is no money involved and only  'empty talk' bu UFS , maybe you can call it a 'dream'. This is a millions $$ pulps mill afterall, not your chocolate factory. UFS had delivered a Wood Chips Mill as promised. Now they try to raise money for this coming pulps mill. Poh Lian had done well to clinch more construction orders in sg. Starks had paid UFS US$50 millions and now Abax willing to fork out another US$25 millions. This is 'real money' and stop 'dreaming' !!
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importexport Member	16-Jul-2007 20:53        importexport About Contact  Quote this Post!
x 0   x 0  Alert Admin	I unload upon bond annoucement made last week. Earn a bit only.
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czerny Member	16-Jul-2007 20:50        czerny About Contact  Quote this Post!
x 0   x 0  Alert Admin	I like the die-hard fans of this stock. They never fail to buy the story of woodchip mill, KK and hedge funds. If we can get the 3 to come together of course you can close your eyes and buy until no $. There is always the big "IF". If anyone wants to invest long term in this counter then you must be convince that the 3 must happen. BUT KK is not going to happen so the dream is definitely not going to happen. Why don't the management come out to say that they will build the pulp plant, raise $ thru bonds, rights etc and I think serious investors will consider bcos it is really a good plan. But again the management still hoping and dreaming and printing. Better forget it. I made some good $ from this counter but I am not going to plonk anything unless I c some firm and decisive action. Not dreams or hope. Btw in the long run everything is dead!
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timewatch Senior	16-Jul-2007 14:06        timewatch About Contact  Quote this Post!
x 0   x 0  Alert Admin	it took almost 10 days to reach 0.335 and it took less then 10 minutes to go down to 0.31. ya its long term, buy it and forget it.
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geminigoko Member	16-Jul-2007 13:01        geminigoko About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi, I'm new here.  Had bought unifiber at 0.32 last friday before they announced the news. In fact had checked their Co. profile before I made the buy decision. This counter is more for long term than speculative if to expect good profit. Of course there are some risk as well. My faith is that if the investor as hedge fund is in, it should be quite safe. Firms like hedge fund had to do their homework before they are willing to invest $$. Will monitor... good luck everyone
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888max Senior	16-Jul-2007 11:11        888max About Contact  Quote this Post!
x 0   x 0  Alert Admin	Have strong faith, my fellow Unifiber holders. We have came so far to give up so easily. Last time at  0.295 we don't panic &  don't selldown,  so why should sell now when our safety margin are higher than before??? May the forces be with you....
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888max Senior	16-Jul-2007 11:03        888max About Contact  Quote this Post!
x 0   x 0  Alert Admin	As long there is a strong support base @0.30cts, the chances of it bounce back to 0.34cts will be high. If UFS share price stays below 0.355cts for too long, how would Abax face their Rich influence HK Clients for their poor peformance. Moreover, Abax was launched ONLY July 3 this year. The management teams were under pressure to performace well in their first year. All region's hedge fund community are monitoring their every moves and investments. I'm not surprise to see other small timer hedge funds already started to accumulate UFS shares at current price. Anything below what Abax paid for UFS shares @0.355cts is a steal for them. Imagine yourself outperform Abax gobal capitals next year. ""The progress of Abax, which officially launched July 3, has been closely followed by the region's hedge fund community. ""
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888max Senior	16-Jul-2007 09:17        888max About Contact  Quote this Post!
x 0   x 0  Alert Admin	Btw, that was me who reply back to this guy in CNA stock forum. Let wait till aug for their half year earnings report before jump into conclusion.
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timewatch Senior	16-Jul-2007 09:09        timewatch About Contact  Quote this Post!
x 0   x 0  Alert Admin	disappointed --expected something positive.
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888max Senior	15-Jul-2007 23:24        888max About Contact  Quote this Post!
x 0   x 0  Alert Admin	cookieman1122 wrote: Unfiber has a lot of shares already, with this Friday bond issue.... too much shares in the market. I wonder what's happening inside Unifiber. They always in need of $? To build a modern pulps mill nowadays, you will need to inject millions of $$ of investment. PT Kiani Kertas was built during the 96' (before asia crisis) at the cost of US$1.2 billions. If a similar plant is to be built today, it will cost double the investment costs. That's why, if UFS is successful in taking over PT Kiani Kertas for US$400 millions, it will be a 'steal buy? for them. But the chance is getting dimmer now when Prabowo?s brother Hashim came into the picture. Hashim has show keen interests to take up 50% of PT Kiani Kertas shares from PT Bank Mandiri. He also promised to pay back the debts of some US$170 millions back to PT Bank Mandiri. Currently, UFS is doing an Operation Management Arrangement ("OMA") with PT KK so all is not without hope. Maybe last minute event may turn up. Unifiber has a forest concession right of 268,585 hectares in South Kalimantan, Indonesia. They just completed a 700,000 tonnes of wood chips and ready for operational. If UFS wanted to be all rounded in timber business, they would need to include a pulps mill plant into their business. Once the pulps mill is build , both the wood chips and pulps mills will be the ?money printing machine? for UFS for the next 43 years. Pulps business is a billions $$ industry after all. So what will you do if you are the CEO of UFS? Would you rather UFS take out a big loans to build the pulps mill and incurred high interests OR would you prefer them to pull in some deep pocket investors like hedge funds Starks & Abax as partners. All to the capable of the new appointed ex Deutsche Bank director , UFS CEO Mr Jaka Prasetya. UFS will be a fully integrated pulps company once the pulps mill is built. It will chuck out some $20 millions a year profits annually for UFS. (Excluding their sg construction business) This stock is not for contra player. For those long term investors, tomorrow you can try to buy on dip. Lastly, do your own due diligence first before investing.
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888max Senior	15-Jul-2007 10:20        888max About Contact  Quote this Post!
x 0   x 0  Alert Admin	More related news on UFS new investor, Abax Global Capital. US$300m Abax hedge fund launched in HK Jeffrey Hodgson Tuesday, July 10, 2007 Abax Global Capital, one of Asia's most anticipated hedge fund start-ups, has launched with about US$300 million (HK$2.34 billion) in assets under management and temporarily closed its doors to new money, an Abax executive said Monday. But the Hong Kong-based hedge fund manager may be willing to take on more funds, possibly just from existing investors, before the end of the year, said Benjamin Happ, Abax's head of business development. "We're looking to put that money to work over the next several months," he said. "The greatest percentage of dollars that we put to work are going to be in privately structured transactions. We're effectively looking to provide growth capital to strong and rapidly growing businesses in the region." The progress of Abax, which officially launched July 3, has been closely followed by the region's hedge fund community. Its founders include Chris Hsu and Frank Qian, both former employees of Chicago-based hedge fund giant Citadel Investment Group. The third founder is Donald Yang, former head of Hong Kong and Greater China debt capital markets at Merrill Lynch. Morgan Stanley announced in March that its fund management arm had agreed to take a "significant minority ownership position" in the dedicated Asian special situations fund. The Financial Times, citing sources familiar with the matter, had reported Abax was expected to be the first independent Asian hedge fund start-up to begin with more than US$1 billion in assets. But Happ said it would not have been possible to put so much money to work right away in the less-liquid markets it invests in. Abax has committed to a cap of US$1.5 billion in investment in the first year. "It's not clear exactly when we're going to next open to additional capital, but we'll go out to our initial investors first. To the extent that there may be additional capacity, we could then open to other investors," he said. "We'll only open up to new capital once we're comfortable with the way that we've deployed this current amount of capital and we're comfortable with the opportunity set." Happ said this would likely happen later this fall, but there was no assurance of this. The firm's biggest investors are large institutions and pensions funds, followed by fund of hedge funds managers and the family offices of wealthy individuals. The largest percentage of cash comes from North America, followed by European and Asian investors. Abax is looking to finance the growth of both listed and unlisted smaller to mid-sized companies in greater China, as well as South Asian markets such as Singapore, Indonesia, Malaysia and Thailand. Investments are likely to be structured as convertible bonds or notes with warrants, Happ said. Abax expects to compete in this space with US multistrategy funds and the proprietary investment arms of major banks. "It's a profitable space, but we think that it's protectable for us because we're early and because of the relationships that we have and our ability to source these deals ourselves," he said. REUTERS
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888max Senior	14-Jul-2007 19:06        888max About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hope Monday will  recover.
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importexport Member	14-Jul-2007 13:32        importexport About Contact  Quote this Post!
x 0   x 0  Alert Admin	Unifiber is a failure.
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timewatch Senior	14-Jul-2007 10:09        timewatch About Contact  Quote this Post!
x 0   x 0  Alert Admin	Many a times i have noticed when a trading halt is lifted for any stock for that matter, it dips down and then later bounces up, so could it likely happen to unifiber too.
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czerny Member	13-Jul-2007 21:55        czerny About Contact  Quote this Post!
x 0   x 0  Alert Admin	I like hedge funds bcos they sound "big". But the downside is that we dun know what they do. Of course they are in the biz of making big bucks but we have also heard that they could lose their pants if they place the wrong trade. As for this counter I really dun understand what the management is trying to do except that they are printing a lot of scrips and hoping for KK to materialise. Both of these actions are no good for the stock. I will invest only if the management decides to take some decisive action to capitalise on what they have and do the do-able. So far and for the past few year they have only disappoint with the same old message. Really tiring!
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888max Senior	13-Jul-2007 21:36        888max About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi mmchiu , Thanks for your analyst. I also think long term holding is still good for this counter. The construction business and the wood chips should be worth more than the current price. Will monitor closely next week.
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mmchiu Member	13-Jul-2007 19:31        mmchiu About Contact  Quote this Post!
x 0   x 0  Alert Admin	Believed all vested in United Fibre are very disappointed today. In my opinion, it is partly because of the conversion price is too low -S$0.355 but due 2012. Usually the bond or note conversion price should be ~20% higher than current price. Thus why it is forced to sell down. Technically for short term, United Fiber is well supported at $0.30, current price is above 15days moving average, up-trend is still valid. Fundermentally, company will have more fund and cash flow to carry out the projects. Singapore construction industry is still 2-3 year to boom. Future is still bright, price will not only worth $0.31.
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888max Senior	13-Jul-2007 18:03        888max About Contact  Quote this Post!
x 1   x 0  Alert Admin	Abax is another hedge fund investment company just like Stark. So the million $$ question is :"Are we onboard the same ship as them ??" Abax launches with demand of over $1 billion By Simon Osborne | 9 July 2007 Abax to deploy an initial $300 million capital drawdown in one of Asia?s biggest-ever hedge fund starts. The widely awaited launch of Abax Global Capital took place on July 3rd. As anticipated, Abax opened its doors in Hong Kong?s IFC-2 as one of the biggest launches ever witnessed in the Asian hedge-fund industry. Preparatory operations have been underway since early this year. The fund has investor demand of over $1 billion for year one, according to sources familiar with the firm. To manage its portfolio ramp, Abax is accepting its funds in stages with an upfront installment of approximately $300 million. Money was accepted from more than 40 investor groups globally with the highest concentration emanating from North America. Abax investors comprise leading pension funds, private banks, funds of funds and family offices, including a number of leading Hong Kong families. Abax is now closed and has not disclosed specifics of its forward drawdown schedule except to its investors. Abax's principal strategy is to make private- and public-sector long-term investments focusing on Greater China and Southeast Asia. Often, less liquid investments will be the modus operandi and in such magnitude as to make Abax an anchor investor in firms for large-sized investment stakes. Abax investments will be frequently between $30 million to $150 million in notional bite-size across credit, equity, and equity-linked structured transactions. The ingredients of the strategy incorporate the themes that are currently dead centre in the alternative investor spotlight, such as private equity-style convergence and special situations. The prime brokers are Merrill Lynch and Goldman Sachs. Lead counsel for Abax is Sidley Austin. In March, Morgan Stanley Investment management had invested an undisclosed amount to take a stake in the asset management company as a joint venture partner. This was Morgan Stanley's first such transaction in Asia, with Abax joining the ranks of other Morgan Stanley partners including Avenue, Lansdowne, and wholly owned Frontpoint. Abax's operational plan has implemented a framework that will enable Abax to scale towards becoming one of Asia's first multi-billion dollar hedge fund platforms. Abax starts with 26 people, including four partners and an eight-member senior management team. Altogether, there are 14 investment professionals. The Abax team has an established pedigree of sourcing structuring, and investing in transactions for small and mid-sized enterprises that constitute a key part of the Abax investment program. Chris Hsu is CEO of Abax. He was formerly a founding and managing director of the special situations group at Citadel in Hong Kong. With reverse-schadenfreude, some commentators have inevitably drawn attention to Chris Hsu?s precociousness at the age of 26. Whether age or Hsu?s support from a lineup team of industry veterans are a good or bad thing remains to be seen, but it is perhaps worth pointing out that Alexander the Great conquered Egypt and was declared son of Zeus by the oracle of Ammon when he was 26. (?As opposed to the 'son of Hsu's'). Hedge-fund legend Eddie Lampert was 25 when he started ESL. Hsu attended a Shanghai conference earlier this year when panelists were asked about their whereabouts during the Asian Crisis. He did not then have to respond that he was taking GSATs at that time. Standing alongside Chris Hsu are seasoned investors, professionals, and three partners: Donald Yang, Abax's president and former head of Hong Kong and China debt capital markets at Merrill Lynch; Danny Yong, CIO and former Citadel managing director who was responsible for founding its Asia relative-value and macro teams; and Frank Qian, chief risk officer and also a former founding member of Citadel's Asia business. Other managing members include Lee Ka Shao, who headed a multi-billion dollar principal strategies business at DBS, and Andy Shpiz, who ran Asia for Mellon HBV/Fursa Alternative. Abax's general counsel is Jamie Tadelis, who was previously regional counsel for Avenue Capital in Asia. Benjamin Happ is head of business development out of Morgan Stanley Investment Management's strategic acquisitions group. Keith Tan headed SME banking and a team of 180 people in Shanghai for Standard Chartered Bank. "Abax" is the Greek genitive form of abacus, the counting tool invented by, guess who, the Chinese (and incidentally, co-invented at the same time by the Mesopotamians, though it didn't do them much good, as their civilization was conquered by Alexander the Great during his hellenization of the Near East). Invoked by a hedge fund, it is meant to inspire by its Asian origin, fundamental strength and dynamic intelligence.
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czerny Member	13-Jul-2007 17:57        czerny About Contact  Quote this Post!
x 0   x 0  Alert Admin	Looks like they are printing scrips. That's why price can't hold. Better look at 30 level if cannot hold it will go back to .....
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jm2212 Senior	13-Jul-2007 17:55        jm2212 About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	what a disappointment.... cleared half of my holding just now.
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