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...on 10 and 11 July.... 2 and 19 days MA meet.... ... on 12 July ... enter Top 20 %Gainers .... position: 20th ....
... recent low: $0.350... last done: $0.385 ...
any reason for the sudden spike? seems like no news about the acquisition but the volume and price are on the rise...cheers...
Time to accumulate,
already bottom liao. Slowly warming up before it leap into the air. Haha
starlene ( Date: 11-Jul-2013 15:20) Posted:
| Hope it has really bottomed liao..so near its rights issue price |
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This what Fitch said in their report. Guess media failed to highlight. Kudos to ChinaFish in making this move. Also the valuation was report to be USD900m then whereas now they are basing on USD$600m. Interesting how they play with rating. I choose to go with Moody rating remain because now they have transformed into what was said by someone KING OF THE OCEAN " BLUE MARLIN"
" Weaker volumes due to lower fishing harvests
are often compensated by higher selling prices. This is evident in strong price increases of
Peruvian fishmeal and fish oil as a result of significantly lower total
allowable catch (TAC) for Peru anchovies for the two fishing seasons starting
in November 2012 and May 2013. Prices of Peruvian fishmeal at end-March hit a record USD2,200 per metric ton
compared with between USD1,200 and USD1,600 in 2012. As a result China Fishery's H113 EBITDAR margin rose to 45% versus 40% for
2012. RATING SENSITIVITIES Positive: Future developments that may,
individually or collectively, lead to positive rating action, such as a change
in Outlook to Stable, include: -A fall in adjusted net debt/EBITDAR to below 3x
in FY14 (ending September) -No material changes to contract supply operations
leading to substantial cash losses -Maintaining operating EBITDAR margin above
30%"
Master, you are right ... The Fish is ready to transform ... the deal looks to be done. Copeinca is now doing the handover. Moody continue to maintain CF rating. Cheers
" The deal looks to be done, with Copeinca issuing a statement welcoming the offer and analysts confirming to Undercurrent News the discussions over who would acquire the Peruvian firm were at an end.
Speaking to Undercurrent, Copeinca CEO Pablo Trapunsky said he was looking ahead to meeting with China Fishery. He hopes to persuade the group to keep the current employees in place, and to pitch his vision for a move into value-added and human consumption products."
starlene ( Date: 11-Jul-2013 15:20) Posted:
| Hope it has really bottomed liao..so near its rights issue price |
|
Hope it has really bottomed liao..so near its rights issue price
you are cute ... i like salted fish. who knows with salted fish in their list, the demand goes up.
i'm sure they are not cowboy like me
... they have lots of advisers. stay vested for now hehe
Hi UPRR18, perhaps China Fish could add salted fish into her list of products... LOL...
http://www.chinafisherygroup.com/images/products.gif
No other comments... just hope that the upcoming 3rd qtr results are above the market expectations and the management is able to address successfully the pointers stated in the Moody's & Fitch's rating reports.
UPRR18 ( Date: 08-Jul-2013 18:56) Posted:
hi blanchard, how come no update from you for so long? are you agreeing with him ... salted fish ? any comments  |
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hi blanchard, how come no update from you for so long? are you agreeing with him ... salted fish ? any comments
salted fish quite nice also, used to rat it quite often in the past :)
UPRR18 ( Date: 08-Jul-2013 08:06) Posted:
how is the price for salted fish ? hopefully also went up  haha
halleluyah ( Date: 06-Jul-2013 16:03) Posted:
| Really a salted fish now. |
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how is the price for salted fish ? hopefully also went up
haha
halleluyah ( Date: 06-Jul-2013 16:03) Posted:
| Really a salted fish now. |
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Really a salted fish now.
The chart looks ugly n becomes uglier.
UPRR18 ( Date: 06-Jul-2013 14:45) Posted:
| no wonder the price drop ..." fitch revises cf's outlook to negative ...." |
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no wonder the price drop ..." fitch revises cf's outlook to negative ...."
ya lor !! i sold off make some losses ... shit thought it will fly. i think the fish got stuck in the mud because of veramar. that's why i said sometimes they said got how many pecent .. pian ren wan. next min hor the actual percent below that .... siow liow lor. maybe drop further see how. for now sell off my tiny position.
This stock really drop too much..
And those who sold must have made a loss since it's at its lowest already
Zokune ( Date: 02-Jul-2013 23:36) Posted:
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can consider if drop some more |
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can consider if drop some more
more than 80% of the shares are in the hands of the 2 major share holders... meaning most likely they wun be trading them in the market? so now free float is less than 20%...am I right or even close in saying that?
master starlene, what do you mean " .... now free float < 20% in public hands. ...." can you please enlighten me. thanks
starlene ( Date: 02-Jul-2013 12:00) Posted:
| Where there is uncertainly pple just sell..noe free float < 20% in public hands.This stock now qualifies as Warren Buffet-value investing stock as someone has just posted,hope it can recover but takes time |
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KIV
