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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
China Fish is better than this counter...... It has at least 100% upside...
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.
What happened? Everyone's going up except this bugger.
Believe it or not, the historical low was below $0.10 if I remember correctly.
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.
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.
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.
Regards.
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/
Fyi,
http://sgmusicwhiz.blogspot.com/search/label/Pacific%20Andes
relive1992 ( Date: 21-Aug-2008 22:44) Posted:
|
Can anyone enlighten me abt the "Script Dividend Scheme" that was sent to us. Thank You.
wats WC? water closet?
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?
DUn see any thing worng with this company. 43cts is good for me. 
be patience...wait for 45cts akan datang ! :D
The fish is all dead and smelly (hokkien say "c" "cao") ! Then disappointed !!!
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.
Dead-cross when ... soon... not yet ... anytime now... ?
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.
-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.
stready la. tp 0.825.