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Latest Posts By Blanchard - Senior      About Blanchard
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12-May-2013 03:40 China Fishery   /   China Fishery - Low PE       Go to Message
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As of now, I think the acquisition fight status is something like this...

 

  China Fish Holding

  Cermaq Holding

  Remainder Holding

  Remarks

  Copeinca Shares

  35.8%

  51.3%

  12.9%

  1. China Fish's offer deadline: 23 May 13

2. Cermaq's offer deadline: 28 May 13



 

  Marine Harvest Holding

  Lansdowne Holding

  Norwegian Govt Holding

  Remainder Holding

  Remarks

  Cermaq Shares

  5.44%

  7.5%

  43.5%

  43.56%

  1. Norwegian Parliament to  vote to approve Cermaq rights issue on   14 May 13

2. Cermaq AGM to approve rights issue on   21 May 13

Wonder which side the remainder holding would incline to?

Wonder if Marine Harvest would up her offer for Cermaq?

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11-May-2013 23:13 China Fishery   /   China Fishery - Low PE       Go to Message
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Lansdowne, second biggest shareholder in Cermaq, to vote against Cermaq's Copeinca deal

http://www.reuters.com/article/2013/05/10/cermaq-lansdowne-copeinca-idUSWEB004XJ20130510

A piece of good news for China Fish...

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11-May-2013 11:07 China Fishery   /   China Fishery - Low PE       Go to Message
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China Fish's announcement this morning. As of today, China Fish  holds Copeinca Shares and rights to Copeinca Shares equal to approximately 35.8% of the Copeinca Shares and votes in Copeinca.

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_D5A7EC2539054FF048257B6800017F13/$file/CFGL-Annc_Copeinca-11052013.pdf?openelement

Cheongsl,  wonder if  these announcements help? Thanks for  helping us to understand more about China Fish.

1.http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_2C7D35355AA7033948257B6500230C33/$file/CFGL-2QFY2013_PressRelease.pdf?openelement

2.http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_39BDE8D4BAE17B2C48257AB6002464B3/$file/CFGL-LongTermSupplyAgreement-141112.pdf?openelement

3.http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_4C60A94CB7C4A37848257A3D003B6DF0/$file/CFGL-LongTermSupplyAgreement-160712.pdf?openelement

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11-May-2013 00:31 China Fishery   /   China Fishery - Low PE       Go to Message
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China Fishery Group extends offer for Copeinca shares



http://www.reuters.com/article/2013/05/10/copeinca-idUSWEB004XC20130510

For your reading pleasure:

1. Cermaq cool on $521 mln synergies share-out with Marine Harvest

http://www.reuters.com/article/2013/05/10/marineharvest-cermaq-idUSL6N0DP1F220130510

2. Cermaq ASA : Letter to Cermaq's shareholders

  http://www.euroinvestor.com/news/2013/05/10/cermaq-asa-letter-to-cermaqs-shareholders/12330019

 

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09-May-2013 17:29 BreadTalk   /   BREADTALK GROUP LIMITED       Go to Message
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Lai ah...  Lai ah...  One bread for $1...

Not vested... I agreed with akchua...
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08-May-2013 18:57 China Fishery   /   China Fishery - Low PE       Go to Message
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Half Year Results

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_2C7D35355AA7033948257B6500230C33/$file/CFGL-2QFY2013_PressRelease.pdf?openelement

“Looking ahead, although the reduction in total allowable catch of Peruvian anchovy is expected to impact the Group’s results in the second half of FY2013, the continued strength in fishmeal and fish oil prices is expected to mitigate this potential impact.” Mr. Ng Joo Siang, Group Managing Director of China Fishery, said.

On 26 February 2013, the Group announced a cash voluntary offer for all the outstanding issued shares of Copeinca ASA (the “Tender Offer”) and a 1-for-1 rights issue (the “Rights Issue”) to partially fund this acquisition. As of the date of this announcement, the Tender Offer remains on-going. As there is one other competing offer currently in the market, along with some recent developments related to the Tender Offer, the Board will continue to update the Shareholders and public investors on the progress of the Tender Offer and related corporate actions as and when appropriate.

The Rights Issue was successfully completed on 19 April 2013. A total of 1,294,480,241 shares have been subscribed in this issue, representing approximately 126.5% of  1,023,177,273 shares offered, raising approximately US$278 million after expenses. “This capital raising exercise has further increased the Group’s financial strength and provided capacity for its prospective investment opportunities in the future.“ Mr. Ng concluded.

[I'm pleased that China Fish is able to maintain profitability in tough operating circumstances while some other fish company quarterly results even  swings in the red...]

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08-May-2013 09:51 Neptune Orient L Rg   /   NOL       Go to Message
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x 0 		NOL price going up... 1st qtr result would be out anytime this  week? 
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08-May-2013 09:33 YZJ Shipbldg SGD   /   Cruising with the ship ..Yangzijiang       Go to Message
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Everyone knows that the Executive Chairman himself bought 1000 lots @0.99 in late Jan 13 is  the shareholders' confidence booster.

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07-May-2013 21:21 China Fishery   /   China Fishery - Low PE       Go to Message
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The Chairman of Marine Harvest ASA, Ole-Eirik Lerøy, writes to Cermaq shareholders...

http://www.fishnewseu.com/latest-news/world/10359-leroy-writes-to-cermaq-shareholders.html

[For your reading pleasure... It will be good if Marine Harvest can up her offer for Cermaq... as Norwegian government deems Marine Harvest's bid too low.]

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07-May-2013 18:31 Yongnam   /   Yong nam       Go to Message
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x 0 		tomorrow xd... then let us see how  are the  1st qtr results...
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07-May-2013 16:41 China Fishery   /   China Fishery - Low PE       Go to Message
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Agreed... The $ will probably ended up with Relevant Worthwhile Spending or Money in Balance Sheet.  LOL...



tchoonw      ( Date: 07-May-2013 13:08) Posted:

The $ will probably ended up with rws or mbs!

serialain      ( Date: 07-May-2013 12:21) Posted:

Assuming this Copeinca deal fails, and China Fish now suddenly has a bunch of money to use. What would be possible catalysts for price re-rating? Dividends possible?  


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07-May-2013 11:23 COSCO SHP SG   /   CoscoCorp       Go to Message
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One way of seeing it... because Cosco is a state-owned firm, it can be considered relatively safe to  own the stock over time if one  can get the stock at cheap price and has the holding power  through the tough times.

Octavia      ( Date: 07-May-2013 09:24) Posted:



CIMB downgrades Cosco Corp. (F83.SG) to Underperform from Neutral after 1Q13 core profit accounted for only 10% of the house's full-year forecast, coming in well below expectations on negative operating leverage and lower other income.

CIMB cuts its target to $0.46 from $0.98 after lowering FY13-15 EPS forecasts by 50%-53% on lower scrap sales and margins.

" Despite the dismal outlook, we believe that Cosco, as a state-owned firm, could be forced to keep its workforce and yards intact to sustain employment rather than making the required cuts to improve operational leverage," CIMB says. " We see no reason to own the stock with its sharp earnings declines and premium valuations."

The stock is down 4.6% at $0.83.
 

 


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06-May-2013 22:43 China Fishery   /   China Fishery - Low PE       Go to Message
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Cermaq’s largest shareholder looks set to approve rights issue to fund Copeinca deal, making Marine Harvest’s bid less certain, says Norwegian media

http://www.undercurrentnews.com/2013/05/06/cermaq-likely-to-get-parliament-go-ahead-for-copeinca-takeover/

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06-May-2013 09:58 AusGroup   /   AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m       Go to Message
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x 0 		price going down... towards 0.40?
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04-May-2013 06:54 China Fishery   /   China Fishery - Low PE       Go to Message
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Marine Harvest May Boost $1.7 Billion Cermaq Bid, Analyst Says

http://origin-www.bloomberg.com/news/2013-05-03/marine-harvest-may-boost-1-7-billion-cermaq-bid-analyst-says.html
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03-May-2013 23:39 Neptune Orient L Rg   /   NOL       Go to Message
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x 0 		1st qtr result would be out anytime next week? Hope NOL share price would rise...
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03-May-2013 18:59 AusGroup   /   AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m       Go to Message
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The amount of A$21.7m is about 2.4x of Ausgroup half-year after-tax profit in 2013.
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03-May-2013 18:34 AusGroup   /   AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m       Go to Message
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x 0 		The amount of A$21.7m is also about 7% of Ausgroup half-year turnover in 2013.
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03-May-2013 18:26 AusGroup   /   AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m       Go to Message
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Thought of buying  Ausgroup yesterday but changed my mind... heng never bought it.

The amount of A$21.7m is about 3x of Ausgroup half-year after-tax profit in 2013.

Feel sad that this thing has to happen.
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03-May-2013 18:03 China Fishery   /   China Fishery - Low PE       Go to Message
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China Fish's offer expires on 10 May.  Cermaq's offer expires on 28 May. Meanwhile, Marine Harvest ups stake in Cermaq to 5.44%. Norway parliament's decision this month. Also, wonder which side the shareholders of both Copeinca & Cermaq will incline to?

Await ding-dong process to be over...  hopefully end of June  水 落 石 出 ?

tenacious      ( Date: 03-May-2013 13:38) Posted:



Blanchard, ...  with the latest development (Marine Harvest in the picture), how is it a good chance for chinafish to acquire copeinca ? 

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