YZJ Shipbldg SGD    Last:2.22    +0.03

Cruising with the ship ..Yangzijiang

damn big sale

 

 

BIG SALE! BIG SALE!

L.....      ( Date: 03-May-2010 17:50) Posted: believe selling almost done, maybe anotehr 2 days or so, and we can see yzj move up again graudally.. choppy waters ahead

 

believe selling almost done, maybe anotehr 2 days or so, and we can see yzj move up again graudally.. choppy waters ahead

 

Monday:  3 MAY 2010

YZJ   BKT   COSCO   SCM   NOL

GANGBANGED  by

GREECEEEEEEEEEEEEEEEEE

 

     S$1.295  + S$0.035  (DiViDEND)

=  S$1.330

pharoah88      ( Date: 03-May-2010 17:09) Posted: April 19, 2010 Yangzijiang Shipbuilding seeks stake in Singapore's PPL Shipyard China's Yangzijiang Shipbuilding (Holdings) Limited (SIN:BS6) plans to take a stake in Singapore's PPL Shipyard, an 85 percent-owned subsidiary of Sembcorp Marine. On April 15, Yangzijiang Shipbuilding entered into a placement agreement with a Middle East investor relating to the placement of 83,555,000 new ordinary shares at the issue price of S$1.295 per new share, raising US$ 77,655,000. Yangzijiang has entered into a joint investment agreement with the Middle East investor and Mediterranean Success Group (which is wholly owned by Yangzijiang Non-Executive Director, Mr. Yu Kebing) to acquire PPL Holdings Pte Ltd. -- which is owned by Baker Technology Ltd. and which controls the 15 percent of PPL Shipyard that is not owned by Sembcorp Marine. On completion of the acquisition, Yangzijiang, the investor and MSG would be have stakes in PPL Holdings of 50.1 percent, 45 percent and 4.9 percent respectively. Yangzijiang has issued a binding letter of offer to Baker to acquire the entire issued and paid-up share capital of PPL Holding. It says that if the offer is accepted and the deal is completed, PPL Shipyard's key managers -- Benety Chang and Anthony Sabastian Aurol -- have undertaken to continue in their key executive positions until December 31, 2013. Yangzijiang says its post-acquisition involvement in PPL Shipyard's business for the design and construction of offshore drilling rigs would add to, and further strengthen its capabilities in this area and further its development and competency strategies. i780samsung      ( Date: 03-May-2010 15:44) Posted: This middle east share placement will be at 1.29 right? I think this will be the fair price for YZJ then. So IMO the price will hold around this (maybe +0.035 Div).

 

April 19, 2010

Yangzijiang Shipbuilding seeks stake in Singapore's PPL Shipyard

China's Yangzijiang Shipbuilding (Holdings) Limited (SIN:BS6) plans to take a stake in Singapore's PPL Shipyard, an 85 percent-owned subsidiary of Sembcorp Marine.

On April 15, Yangzijiang Shipbuilding entered into a placement agreement with a Middle East investor relating to the placement of 83,555,000 new ordinary shares at the issue price of S$1.295 per new share, raising US$ 77,655,000.

Yangzijiang has entered into a joint investment agreement with the Middle East investor and Mediterranean Success Group (which is wholly owned by Yangzijiang Non-Executive Director, Mr. Yu Kebing) to acquire PPL Holdings Pte Ltd. -- which is owned by Baker Technology Ltd. and which controls the 15 percent of PPL Shipyard that is not owned by Sembcorp Marine. On completion of the acquisition, Yangzijiang, the investor and MSG would be have stakes in PPL Holdings of 50.1 percent, 45 percent and 4.9 percent respectively.

Yangzijiang has issued a binding letter of offer to Baker to acquire the entire issued and paid-up share capital of PPL Holding. It says that if the offer is accepted and the deal is completed, PPL Shipyard's key managers -- Benety Chang and Anthony Sabastian Aurol -- have undertaken to continue in their key executive positions until December 31, 2013.

Yangzijiang says its post-acquisition involvement in PPL Shipyard's business for the design and construction of offshore drilling rigs would add to, and further strengthen its capabilities in this area and further its development and competency strategies.

i780samsung      ( Date: 03-May-2010 15:44) Posted: This middle east share placement will be at 1.29 right? I think this will be the fair price for YZJ then. So IMO the price will hold around this (maybe +0.035 Div).

 

selling continues today

 

<>

BS6 (Yangzijiang)     SGX

Last retrieved on Monday, 3 May 2010 at 05:07:25 PM    Weighted Avg Price: 1.3390 Last Done Price: 1.320  Spread/Price Ratio: 0.0076 Avg Trade Size: 28,915.398 < /> Last Trades Volume Bid Volume Mid Ask Volume 1.310 1 9,000 9,000 0 0 1.320 193 7,764,000 7,721,000 0 43,000 1.321 1 19,000 0 19,000 0 1.322 2 16,000 0 16,000 0 1.326 1 50,000 0 50,000 0 1.329 1 66,000 0 66,000 0 1.330 455 10,983,000 5,704,000 213,000 5,066,000 1.340 97 2,699,000 2,188,000 0 511,000 1.350 184 4,776,000 2,590,000 0 2,186,000 1.360 119 4,713,000 2,143,000 0 2,570,000 1.370 118 3,043,000 1,339,000 0 1,704,000 1.380 10 40,000 0 0 40,000 TOTAL 1,182 34,178,000 21,694,000 364,000 12,120,000

 

Why will Cosco never ever hit the $8 level again? On what basis?

 

I remember I bought once at $0.93 and it went up all the way to $2.50. Then split 1 to 2, from $2.50 to $1.25 and then went all the way  up to $8.60/8.70. After this , it slides down to around $0.70 and then up till now. 

Can not visualise this counter at $8.00 again.

L.....      ( Date: 03-May-2010 16:47) Posted: not too sure, about how much pple here know abt the '$8' history of cosco .. haha.. and how many people are still thinking it will break, or rather even smell that level again in the medium term... dyodd

 

not too sure, about how much pple here know abt the '$8' history of cosco .. haha.. and how many people are still thinking it will break, or rather even smell that level again in the medium term...

dyodd

 

YZJ - lowest pt is 27c in Oct '08. Price now $1.32 (389% increase), historical high $2+

Cosco - lowest pt is 60.5c also in Oct '08. Price now $1.73 (186% increase), historical high $8+

Both companies have not really changed much in terms of business fundamentals and management.

Which counter looks more attractive in the long term? Just to put things in perspective...

 

with placement at 1.295 to middle easterner, chinese wont wanna lose face if share trade below that in near term.. will find support de.. not to worry too much.. just sit tight during this period of choppy seas

 

Price is relative...in this sombre mood, everything is not cheap enough for the shortsellers...

xavier26      ( Date: 03-May-2010 14:36) Posted: Brought somemore just now. Price really value for $$$$$!!!!!!

 

hope yzj chief will buy starbucks for tar mar seh soon to appease him.. maybe come with caviar and honey too :)

 

Let them settle their scores first...we jump boat and board other ship like Cosco and even the new ipo.....too tiring to follow 

 

relax bro.. in the bag already.. just big power house making some noise to attract attention of yzj leaders to give respect.. esp with the rights that come with the 15% stake..

 

If this thing continues to drag on I see no end in the near future. This no good for all the party involved including shareholders for YZJ, BT  & SCM. Will the deal go through, it is anybody guess????

 

 

Yangzijiang Shipbuilding: PPL Holdings rejects Sembcorp Marine’s payment

Summary: Sembcorp Marine (SMM) yesterday tendered payment of S$59.4m to PPL Holdings (PPLH) for the purchase of the remaining 15% stake in PPL Shipyard. However, PPLH rejected the payment, which is not surprising given that SMM’s offer is only 55% of the offer price by Yangzijiang Shipbuilding’s (YZJ) consortium. In a separate announcement, Baker Tech also reiterated that it has sought and received legal advice that SMM “has no basis for its claims”. YZJ’s CEO has said that he plans to meet Temasek Holdings in the hopes of reaching an amicable agreement. Given the uncertainty over the deal which may lead to near term knee jerk reactions, we remain prudent and maintain our HOLD rating and fair value estimate of S$1.60 on YZJ. (Low Pei Han)

For more information on the above, visit www.ocbcresearch.com for detailed report.

 

This middle east share placement will be at 1.29 right? I think this will be the fair price for YZJ then.

So IMO the price will hold around this (maybe +0.035 Div).

 

BEST  cherries  PiCKiNG

S$1.310

xavier26      ( Date: 03-May-2010 14:36) Posted: Brought somemore just now. Price really value for $$$$$!!!!!!