Back

Statement from the Cermaq Board regarding the decision on the Copeinca transaction

http://www.4-traders.com/CERMAQ-ASA-476705/news/Cermaq-ASA-Statement-from-the-Board-regarding-the-decision-on-the-Copeinca-transaction-16898678/

[The statement mentions that Cermaq holds almost 20% of the shares in Copeinca. Previously, Cermaq declared that Cermaq has 51.3% of Copeinca shares & support from Copeinca shareholders. China Fish has 35.8% of Copeinca shares & support from Copeinca shareholders. Await further development in this matter.]

Good Post Bad Post

21-May-2013 20:46

China Fishery / China Fishery - Low PE

Go to Message

x 0

Other report: http://www.reuters.com/article/2013/05/21/us-marineharvest-cermaq-idUSBRE94K0IB20130521

Good Post Bad Post

21-May-2013 19:50

China Fishery / China Fishery - Low PE

Go to Message

x 0

Victory for Marine Harvest, China Fishery as Cermaq votes against Copeinca deal

http://www.undercurrentnews.com/2013/05/21/victory-for-marine-harvest-china-fishery-as-cermaq-votes-against-copeinca-deal-2/

Good news for China Fish... hope for a better future...

Good Post Bad Post

21-May-2013 18:02

COSCO SHP SG / CoscoCorp

Go to Message

x 0

COSCO CORPORATION SECURES CONTRACT VALUED OVER RMB500 MILLION FOR ONE (1) LNG VESSEL

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_5B1421BEBF75C36648257B720031C7E5/$file/COSCO_CORPORATION_SECURES_CONTRACT_VALUED_OVER_RMB500_21052013.pdf?openelement

Good. Keep it up!

Good Post Bad Post

20-May-2013 19:51

China Fishery / China Fishery - Low PE

Go to Message

x 0

Tomorrow evening we should know the outcome of Cermaq AGM - if Cermaq's acquisition of Copeinca would proceed or not. [As of now, the Norwegian Govt still supports the acquisition.]

Good Post Bad Post

20-May-2013 12:10

AusGroup / AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m

Go to Message

x 0

Ausgroup now same price as China Fish... considering the risk factors etc, China Fish is a better buy if you are going to be vested...

Good Post Bad Post

17-May-2013 10:07

Neptune Orient L Rg / NOL

Go to Message

x 0

Saw this article in Undercurrent News yesterday...

http://www.undercurrentnews.com/2013/05/16/shipping-rates-to-increase-on-routes-out-of-asia/

Of any relevance to NOL?

Good Post Bad Post

16-May-2013 21:15

Midas / Midas

Go to Message

x 0

Huatahearnmoney,

Two months ago, MAYBANK KIM ENG SECURITIES PTE LTD was Midas top 19 shareholder holding 0.91%. Hope a Midas price raise would eventually be realized as expected...

Good Post Bad Post

16-May-2013 14:23

YZJ Shipbldg SGD / Cruising with the ship ..Yangzijiang

Go to Message

x 0

Agreed. Must give credit to YZJ for her relative outperformance....

ynnek1267 ( Date: 16-May-2013 14:06) Posted:

This industry will never recover due to over capacity, no matter on built vessels in the market or available building capacity in the shipyards in china, korea, japan, vietnam, philipines, indonesia, malaysia, brazil, middle east and etc. The negotiation power is on buyers side, a tender of new vessels can go around to all these countries shipyards for cutting the built cost and profit margin will be very low. The life span of a vessel is 20 years and above, this is not your mobile phone which is less than 2 years.

Flyordie ( Date: 16-May-2013 12:58) Posted:

Haha, although u are shorting and I am longing. But we have 1 common purpose. To win some $. We are friend not enemy. Friend should console each other when 1 of them is down. But nit pour the salt onto dead frog. I love u, bro ynne

Good Post Bad Post

16-May-2013 13:24

China Fishery / China Fishery - Low PE

Go to Message

x 0

A piece of good news for China Fish: Marine Harvest is willing to consider higher offer for Cermaq, and is planning talks with Norwegian government before May 21 Cermaq AGM...

Good Post Bad Post

15-May-2013 21:24

Midas / Midas

Go to Message

x 0

Agreed. Hope Midas' share of loss from its associated company Nanjing SR Puzhen Rail Transport Co., Ltd would not persist...

Peter_Pan ( Date: 15-May-2013 21:13) Posted:

Is there any way to read midas' jv company's financial report? Loss sharing with it is another drag also. Not very transparent...

cheongsl ( Date: 15-May-2013 20:16) Posted:

Have take a look at Q1 2013 Financial statement, the situation have get worst.

The inventories have increased. Based on first quarter revenue, it take almost 1 year for them to clear off the inventor.

Inventories $787,675.0

Revenue $202,391.0

Inventories/ Revenue 3.9 Quarter

Trade and other receiver have also increase quite significantly. At current level, it already more then 1year.

Trade and other receiver $1,076,080.0

Revenue $202,391.0

Receiver/Revenue 5.3 Quarter

Isn't current asset suppose to clear within one year, anything above one year should be classified as bad debt?? or even reclassified under long term asset as account receivable.

For the Payable portion it also increase, but taking the ratio is slightly more then 1/2 years.

Trade and other payable $411,070.0

Cost of sales $151,318.0

Payable/Cost of sales 2.7 Quarter

Why did they pay their supplier within 2.7 quarter, but get the payment from their customer within more then 5.3quarter?

Why did they buyin their goods and fabricate and keep it in their storage for nearly 1year??

What does this means, they buy the material and fabricates until money receive is 5.3+3.9 = 9.2quarters = 2.3years.

They get the material and pay the supplier within 2.7quarter = 0.7years. Thus money did not comein within 1.6years???????

Based on the cash flow statement and financial statement, which we can deduce that 76.8% of the revenue does not translate into payment.

Change in inventories & Trade receiver $155,345.0

Revenue $202,391.0

Change in I & TR / Revenue 76.8%

Change in Trade and other payable $43,936.0

Cost of sales $151,318.0

Change in T & OP/Cost of sales 29.0%

But they only retain 29% of the payment to their supplier??

Good Post Bad Post

15-May-2013 20:49

YZJ Shipbldg SGD / Cruising with the ship ..Yangzijiang

Go to Message

x 0

New Yangzi Shipbuilding Wins Kamsarmax Bulkers

http://en.eshiptrading.com/news/d/221/4969/

Five 82,000dwt Kamsarmax bulkers at a cost of $27.0m apiece with a total value of $130.0m.... (in USD?)

Good Post Bad Post

15-May-2013 19:15

China Fishery / China Fishery - Low PE

Go to Message

x 0

Marine Harvest seeks Cermaq minority shareholders' support...

http://www.reuters.com/article/2013/05/15/marineharvest-cermaq-idUSL6N0DW19720130515

For your reading pleasure....

Good Post Bad Post

15-May-2013 15:42

China Fishery / China Fishery - Low PE

Go to Message

x 0

See Marine Harvest's response:

http://www.reuters.com/article/2013/05/15/marineharvest-cermaq-idUSWEB0057H20130515

Marine Harvest amends requirement of 66% acceptance from Cermaq shareholders on back of Norwegian Govt's rejection of its offer. Marine Harvest would instead only require the acceptance from 33.4% of all [Cermaq's] shareholders, given " the very positive reaction from the private shareholders of Cermaq to a bid being launched" .

[This update means China Fish still has chance to acquire Copeinca... ]

Good Post Bad Post

15-May-2013 02:22

China Fishery / China Fishery - Low PE

Go to Message

x 0

As expected, Norway govt backs Cermaq on Copeinca deal & rejects Marine Harvest.

http://www.reuters.com/article/2013/05/14/cermaq-government-urgent-idUSWEB0055220130514

Next event is Cermaq's AGM on 21 May 13. Wonder if there would be any surprising development to this acquisition fight?

Good Post Bad Post

14-May-2013 16:22

Midas / Midas

Go to Message

x 0

UOBKH won the " battle" but hopefully OCBC & DBSV & DMG can win the " war" ... LOL..

Midas management must 加油 !!!

Good Post Bad Post

14-May-2013 09:09

Vard / Vard Holdings

Go to Message

x 0

I have similar thought too...

Octavia ( Date: 14-May-2013 08:56) Posted:

The way I see the string of announced contracts coming out just before the Q1 13 result may signify a weak to disappointing result.

Just my thought.

Good Post Bad Post

13-May-2013 23:44

Vard / Vard Holdings

Go to Message

x 0

Vard Holdings Limited will be announcing its financial results for the first quarter ended 31 March 2013 on Tuesday, 14 May 2013, after market closes.

Tempest ( Date: 13-May-2013 23:37) Posted:

People any idea result out before market open or closing?

Good Post Bad Post

13-May-2013 23:22

China Fishery / China Fishery - Low PE

Go to Message

x 0

Why is Cermaq so eager to acquire the valuable Copeinca?

http://news.yahoo.com/cermaq-asa-ceq-copeinca-acquisition-140202120.html

For your reading pleasure...

Good Post Bad Post

13-May-2013 17:36

AusGroup / AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m

Go to Message

x 0

3rd Qtr results: http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_9E779337F9414C5748257B6A00334E8D/$file/AusGroupresultsannouncementQ32013.pdf?openelement

Not vested...

Good Post Bad Post

First < Newer 241-260 of 416 Older> Last

ShareJunction Version: 27 Nov 2020 ver - All Rights Reserved. Copyright ShareJunction Pte. Ltd. Disclaimer: All prices from are delayed. ShareJunction does not provide you with any financial advice. We are not into the business of providing any investment advice. See our Terms and Conditions and Privacy Policy of using this website. Data is delayed for varying periods of time depending on the exchange, but for at least 15 minutes. Copyright © SIX Financial Information Ltd. and its licensors. All Rights reserved. Further distribution and use by third parties prohibited. SIX Financial Information and its licensors make no warranty for information displayed and accept no liability for data and prices. SIX Financial Information reserves the right to adapt and/or alter this website at any time without prior notice.

Web design by FoundationFlux. Hosted with Signetique Cloud.