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| Major shareholders of Camposol | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Largest 20 Shareholders as of 22 September 2011 (Pacific Andes Resources Development should be now #3)
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Confirmation
The acquisition of 3,380,100 shares (or 11.33% stake) in Camposol at the price of NOK22.90 per share (approximately USD4.0 per share) will be accounted for as quoted equity shares, and the aggregate consideration of approximately NOK77.40 million (approximately USD13.70 million) has been funded entirely from internal sources.
Commenting on the investment, Executive Director and Chairman, Mr Ng Joo Siang said: " Camposol is an ideal fit within our greater resources development strategy. As the world’s largest exporter of asparagus, along with a growing global demand for avocado, Camposol is well-positioned to continue its growth trend with its advanced farming technology and large land bank in Peru. Camposol’s strong fundamentals and attractive valuation make this a compelling investment for PARD, and we look forward to positive outcomes from this investment."
Camposol — an agribusiness company that has recently expanded into shrimp farming....
Camposol is the leading agroindustrial company in Peru, the largest exporter of asparagus in the world and soon to be the first producer of avocado in the planet. The company owns all the fields where its products are planted and harvested, having total control of the growing, harvesting and packing phases of its final products.
The lines of Camposol products include Asparagus (green & white), Piquillo Peppers, Avocados, Mangoes, Grapes, Mandarins, among others, which are packed fresh, frozen or canned, and exported to our world markets.
By being a vertically integrated business, from the growing fields to the finished products, Camposol guarantees that only products of the highest quality are being offered to our wide range of international customers.
Extract from Undercurrent News dated 12 Mar 13:
A Pacific Andes subsidiary has acquired a 11.33% stake in Camposol, the Peruvian producer owned by the same family that owns Copeinca.
The sale comes as Copeinca is fending off a hostile takeover bid by China Fishery Group, also part of the Pacific Andes group.
Both Copeinca – Peru’s second largest fishmeal producer — and Camposol — an agribusiness company that has recently expanded into shrimp farming — are controlled by the Dyer Coriat family.
The family has expressly said it does not intend to tender its shares to China Fishery’s $556 million cash bid.
The transaction in Camposol shares was carried out by Golden Target Pacific Limited, described as a British Virign Island registered company and a wholly owned subsidiary of Pacific Andes Resources Development.
The group acquired the 11.33%, or 3.38m shares, from US-registered Andean Fishing.
No price was given for the transaction.
Bought at 0.144 & 0.145. Good stock.
Considering the rights issue & transformational acquisition by China Fishery, is the current price of Pac Andes @0.145 a good buy?
so buy before it's too late lah.
marubozu1688 ( Date: 16-Feb-2013 13:50) Posted:
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Both technically and fundamentally attractive to long Pacific Andes.
http://mystocksinvesting.com/singapore-stocks/pacific-andes/pacific-andes-on-up-trend/
Look strong....Pac andes $0.147
Hong Kong Pac Andes International Holding up 9% yesterday. So Pacific Andes Resource D and China Fish here to follow. All expect there may be good news for the Russia monopoly case since price won't up without reason, including me. I bought in China fish till 4pm today, Pac Andes Internantional Holding in Hong Kong remain flat, I give up and throw.
Who dare to bet, dare dare to bet. If you want to bet, don't bet on Pac Andes, Bet on China Fish, due to less share floating in the market. Once the Russia Monopoly case is good news to Pacific Andes Group. China Fish will have the biggest jump without much resistance due to less share floating in market among 3 companies. BB surely target china fish too push which is much easier than Pacific Andes R which are heavy to push especially right issue at 14cents!!!!
Just my 2 cents. All the best to all who vested.
paul1688 ( Date: 16-Oct-2012 17:37) Posted:
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I am out of town now but noticed there is a spike in price and volume today, even though it closed a fair bit off day high. Anyone knows why the interest today?
Eating fish is good for everyone - omega 3
rivera ( Date: 13-Aug-2012 14:20) Posted:
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fishing........ good prospect
Price seems stagnant...
Dunno how the term loan thing impacts on the company, but doubt that it has any significant impact, as loan facilities are common with companies for a variety of reasons. Also, 100million with regards the context of the value of the PARD group is not a large amount.
Hi all,
from ShareInvestor.com:
Pacific Andes Resources Development Limited announced the closing of a US$100 million transferable term loan facilities with a consortium of 13 Taiwanese banks or financial institutions. Arranged by Taipei Fubon Commercial Bank Co., Ltd, EnTie Commercial Bank Co., Ltd., Industrial Bank of Taiwan Co., Ltd., and Taishin International Bank Co., Ltd, the Syndicated Loan is a 3-year transferable term loan facility. On the back of PARD's reputation, the Syndicated Loan has been 1.6 times oversubscribed at the general syndication, and the final amount was increased from US$75 million to US$100 million...
I am still new to stocks, so just wanna ask is this good or bad?
Divident payout was decent, given the recent low pricing. (about 5% based on XD price of 0.20 or so, before th price dropped to $0.18 and below after announcing the ^%%$%$ rights issue). Am just waiting for prices to bottom out and has very good potential to start upward movement within a week - 3 weeks, condition of macro economy depending, with special focus on the Eurozone debt crises... :)
This news was quite some time ago, it seems like it does not affect the stock