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Latest Posts By Peter_Pan - Supreme      About Peter_Pan
First   < Newer   1341-1360 of 4497   Older>   Last  

03-Sep-2013 09:19 Vard   /   Vard Holdings       Go to Message
x 0
x 0 		Hit my TP again. 
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03-Sep-2013 09:11 Olam Intl   /   OLAM_OLAM       Go to Message
x 0
x 1 		New Muddy Water report - HOLD - TP $1.45 - OCBCS
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03-Sep-2013 08:48 Vard   /   Vard Holdings       Go to Message
x 0
x 0 		COO Ong, marlin swimming happy happy leh!
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03-Sep-2013 08:42 Vard   /   Vard Holdings       Go to Message
x 0
x 0

Hope it goes back up to 0.90! Huat ah!!! 
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03-Sep-2013 08:38 Vard   /   Vard Holdings       Go to Message
x 0
x 0 		Morgan Stanley bought 4,445,000 shares on 29 August
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03-Sep-2013 06:55 China Minzhong   /   China Minzhong Food forum       Go to Message
x 1
x 0 		China Minzhong executive chairman and CEO Lin Guo Rong said at a press conference yesterday that he and key management have no intention to sell their stakes, which amount to 6.64 per cent of issued shares. This being so, they have given an irrevocable undertaking to reject the Indofood offer.
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03-Sep-2013 06:45 China Minzhong   /   China Minzhong Food forum       Go to Message
x 0
x 0 		Indofood offers to buy China Minzhong at $1.12/shr as Glaucus keeps strong sell

Indofood Sukses Makmur, the largest shareholder of China Minzhong, has made a mandatory general offer for the Fujian-based vegetable processor for $1.12 a share.

But key China Minzhong management have given irrevocable undertakings to reject the deal.

Indofood's offer comes after it acquired, through married deals, a further 3.9 per cent of the company at $1.12 a share.

This pushed its stake to 33.49 per cent, past the threshold of 30 per cent which requires it to make a general offer.
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03-Sep-2013 00:11 Straits Times Index   /   STI to cross 3000 boosted by long-term investors       Go to Message
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x 0 		US futures must continue to climb tomorrow morning while major Asian markets continue their ascent.
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03-Sep-2013 00:06 Vard   /   Vard Holdings       Go to Message
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x 0 		BBs pattern pattern accumulating and accumulating
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02-Sep-2013 21:34 China Minzhong   /   China Minzhong Food forum       Go to Message
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x 0 		So it goes like this...CMZ won't sell major stakes, GO is only a triggered formality, white knight will just station at 1.12 for quite some time until the short-seller raise white underwear and go holland.
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02-Sep-2013 21:25 China Minzhong   /   China Minzhong Food forum       Go to Message
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x 0 		The shortists won't have that much shares to borrow to short at 1.12. All will kena absorbed by the white knight.
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02-Sep-2013 21:05 China Minzhong   /   China Minzhong Food forum       Go to Message
x 0
x 0 		Btw, CMZ's managrment won't sell their stakes bah...GO is just a formality
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02-Sep-2013 19:47 ThaiBev   /   up or down on debut?       Go to Message
x 0
x 0 		Haha!!! I see!!!

GorgeousOng      ( Date: 02-Sep-2013 19:37) Posted:


Christmas is still far away, do not want Chang Beers to take up my storage space.
I want to keep my storage space for my marlin.
I also need money to buy toot toot train ticket to go to Fujian.
Heheee! No money no talk !
Cheers!!!!

Peter_Pan      ( Date: 02-Sep-2013 19:20) Posted:

COO Ong, you bought Chang beer
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02-Sep-2013 19:20 ThaiBev   /   up or down on debut?       Go to Message
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x 0 		COO Ong, you bought Chang beer?

GorgeousOng      ( Date: 02-Sep-2013 19:06) Posted:

Sista, Pls Baca PM .
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02-Sep-2013 19:18 China Minzhong   /   China Minzhong Food forum       Go to Message
x 0
x 0 		Which is more painful for Glaucus? Pockets or Egos?
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02-Sep-2013 18:49 Straits Times Index   /   STI to cross 3000 boosted by long-term investors       Go to Message
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x 0 		Thai Economy Shows Improvement: Report

BANGKOK Aug. 30 (Xinhua) -- The Thai economy in July showed signs of slight improvement compared to the previous month, despite an overall slowdown and falling exports, Thai News Agency reported on Friday.

There were signs that the Thai economy would become more lively in the third quarter. Thailand's economic stability, both internal and external, remains solid given inflation and unemployment rates at 2.0 percent on year and 0.5 percent on year respectively, said Ekniti Nitithanprapas, deputy director general of the Fiscal Policy Office under Finance Ministry.

The country's foreign reserves are as high as 172 billion U.S. dollars -- sufficient to cope with the global economic volatility - - while the fiscal policy will be significant in stabilizing the economy in the second half of the year, he said.

July exports, he said, rose by 1.5 percent year-on-year but increased by 0.8 percent month-on-month compared to June due to expansion in the electronics and fuel sectors.

Regarding consumption in the private sector, he said revenue from value added tax (VAT) in July declined by 1.9 percent year-on- year but VAT collections based on domestic consumption increased by 5.5 percent year-on-year.

Commodity imports in July were higher by 9.0 percent year-on- year while private investment in construction, based on property business, increased by 29.9 percent year-on-year in July.

Private investment in machinery, based on imports of capital goods in July, dropped by 3.6 percent year-on-year but expanded by 8.7 percent compared to the preceding month.

Kulaya Tantitemit, executive director of the Macroeconomic Policy Bureau, said the economic indicators on Thailand's supply in the industrial and agricultural sectors has slowed down but the tourism sector has expanded.

The manufacturing production index (MPI) in July dropped 4.5 percent year-on-year and 0.4 percent month-on-month compared to June, while raw material imports increased by 12.5 percent year-on- year, reflecting a positive sign in the industrial sector, she said.

The agricultural production index (API) in July shrank by 2.7 percent year-on-year and 7.4 percent month-on-month in accord with decreasing rice production partly due to drought.

On the brighter side, Thailand's tourism expanded 22.5 percent year-on-year, mainly from visits by Chinese, Malaysian and Singaporean tourists.
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02-Sep-2013 18:36 Olam Intl   /   OLAM_OLAM       Go to Message
x 0
x 1 		Wish them happy labour day...

singaporean      ( Date: 02-Sep-2013 18:33) Posted:



Aftr running away fm Olam's law suit Muddy Waters has no credibility to commt on Olam's biz and their words sud be read in derision -  hv the cheek!  Just see this time whether Carson Block dare to short, apparently this time just empty talk.

Peter_Pan      ( Date: 02-Sep-2013 08:55) Posted:

Muddy Waters, LLC
www.muddywatersresearch.com
info@muddywatersresearch.com
Olam International: Strong Sell
September 2, 2013
Director of Research: Carson C. Block, Esq. 
Not Changing the Old Ways
We continue to believe that, in a world where capital is allocated to maximize economic 
efficiency, Olam?s shares have no value. The Company has simply borrowed too much 
money, and then invested in projectsthat will not generate sufficient returns to repay its 
debt obligations. In this note, we will only briefly comment on Olam?s FY 2013 results. 
(Numerous analysts have already done so.) Instead, we will focus on qualitative points 
that cause us to believe Olam is not really turning over a new leaf.
Olam?s FY 2013 results display the pathologies we noted in November 2012:
? Adjusted return on average assets was only 1.8%. (We adjusted net income to 
S$261.8 million by excluding from Olam?s operational profit after tax all 
biological gains and changes in measurement of derivatives.
1
For an explanation 
of how and why we make adjustments to Olam?s net income, see our initial report 
dated November 26, 2012.)
? Allowance for doubtful accounts more than halved from S$22.6 million to S$9.6 
million, which made FY 2013 a less unfavorable a comparison to FY 2012.
? Inventory write-downs were only S$115,000, versus S$15 million last year, which 
also made FY 2013 a less unfavorable comparison to FY 2012.
? Free cash burn was S$800.4 million, and Olam spent S$1.1 billion on acquisitions 
and investments in FY 2013.
The big picture issue is that we are skeptical Olam will operate differently in the future.
? There have been no changes to the board since our initial report. This board had 
been complacent, at best, as Olam went on its borrowing and spending binge. It 
was evidently more concerned with the messenger than the message when we first 
spoke critically of the Company. 
Olam?s board has ossified. The average tenure of Olam?s independent directors is 
11.4 years. Olam?s IPO was only eight years ago. Only one independent director 
1
We do not ignore asset impairment charges because we see these as a likely understated, and recurring 
function of Olam?s business.
Page 2has been appointed since Olam?s IPO, and that was five years ago. These 
gentlemen have become too vested in Olam?s mistakes to deal with them 
effectively.
? CEO Sunny Verghese said nothing during the call, which might be interpreted as 
the Company transitioning to a future without Mr. Verghese. However, what 
would really change if Mr. Verghese were no longer CEO? Olam has a tightknit 
? probably insular ? core of top managers who have worked together for many 
years. Were the Company?s new leadership to come from the existing pool of top 
management, which seems to lack diversity of views, what would really change? 
? Olam continued to essentially invent its own performance metricsin a 
continuation of past less-than-best practices. For the FY 2013 results, Olam
altered its definition of free cash flow, thereby excluding cash interest, taxes, and 
certain working capital account changes. (Our initial report explains the 
irrelevance of Olam?s invented gross and net contribution metrics.)
? Olam was asked what its average cost of debt is, and Mr. Anatharaman did not 
answer the question with any specificity.
? More birds in the bush are better than one in the hand. Olam steadfastly refuses 
to provide real transparency into the Gabon fertilizer project. Reading between 
the lines, Tata Chemicals (?TCL?) is highly unlikely to participate in the project. 
Rather than acknowledging this, Olam stated that it is happily looking for more 
possible partners who are willing to buy in (so that Olam can sell down). We 
believe the reality is that TCL no longer views the project as attractive (if it ever 
did). Our recommendation is that Olam fall on the sword, admit to investors it 
wasted significant money on dredging, and terminate the project.
? This brings up perhaps the most significant point: Despite Olam?s new strategic 
plan that calls for capital spending to be curtailed (notwithstanding the Company 
responding to our initial criticism by defiantly pledging to increase capex and 
investment), Olam has not admitted having had a problem. In other words, the 
Company has not acknowledged that it made a number of investments that will 
not ?gestate? into returns in excess of their costs. It is well settled that the road to 
any recovery begins with an acknowledgement that a problem exists. We have 
yet to hear anything of thissort from Olam. Investors really need to understand 
why this problem exists, and how the Company proposes to fix it. Lacking this 
transparency, investors have no basis to form opinions as to whether the Company 
is likely to improve its performance.
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02-Sep-2013 18:33 China Minzhong   /   China Minzhong Food forum       Go to Message
x 0
x 0 		Their worst holiday ever...picked the wrong company to short...never do due deligence ah? lol

BMW320      ( Date: 02-Sep-2013 18:29) Posted:

If they want to commit suicide, let it be. Anthony Salim have plenty of registered business. They have plenty of $$$ to throw at the the ang mo. Since Indofood have already commited, investor had no worries. When you have $$$, confidences will comes auto.

Peter_Pan      ( Date: 02-Sep-2013 18:23) Posted:

I believed they have shorted more today...like that up lorry even faster right
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02-Sep-2013 18:23 China Minzhong   /   China Minzhong Food forum       Go to Message
x 0
x 0 		I believed they have shorted more today...like that up lorry even faster right?

BMW320      ( Date: 02-Sep-2013 18:17) Posted:

Salim Group worth 5000 millions. Just 10% to kill all the shortist very worth it. CMZ still have to pay them dividends and profits. Within a few years can take back everything. Most impt, a strong signal is being sent out to the shortist who want to play a fool with their invested company. You play you are death. GLAUCAUS going to evaporate soon.

Peter_Pan      ( Date: 02-Sep-2013 18:02) Posted:

IndoAgri so rich...$488 million cash offer to punish the short-seller.
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02-Sep-2013 18:10 China Minzhong   /   China Minzhong Food forum       Go to Message
x 0
x 0 		?Minzhong shareholders should sell their shares to Indofood because at S$1.12 most of the investors are in the money,? said Wei Bin, an analyst at Maybank Kim Eng Holdings Ltd. in Singapore. ?If you look at the announcements from Indofood and Glaucus, both of them give quite strong evidence. At this point in time, it?s very hard to judge who?s right and who?s wrong.?
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