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Latest Posts By Blanchard - Senior      About Blanchard
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11-Apr-2013 16:03 China Fishery   /   China Fishery - Low PE       Go to Message
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Report in undercurrentnews: http://www.undercurrentnews.com/2013/04/11/china-fishery-raises-copeinca-bid-to-match-cermaqs-offer/

for your reading pleasure...

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11-Apr-2013 09:39 China Fishery   /   China Fishery - Low PE       Go to Message
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Yeah... looks like the vote by the Norwegian Govt is the deciding factor to me... If the vote is NO, then CF got chance...

JMS213      ( Date: 11-Apr-2013 09:33) Posted:



" Cermaq said its tender offer would be launched in late April. The group, which is 43.5% owned by the Norwegian government, will then need the approval from the Norwegian parliament for the deal, in a vote scheduled in May."  

" The Dyer-Coriat family, which will own 7.5% of shares in Cermaq as part of the sale, intends to remain a long-term investor in the company, he said. The family has accepted a two year lock up period for the shares in Cermaq they receive as part of the transaction."    

CF is able to make quick and decisive move, watch and see ...... don't be surprise ......

 

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11-Apr-2013 08:43 China Fishery   /   China Fishery - Low PE       Go to Message
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....The Board would like to announce that the Offeror will amend the terms and conditions of the Voluntary Cash Offer and will be increasing the Offer Price of the Voluntary Cash Offer from NOK53.85 to NOK 59.70, so as to match the competing bid of NOK 59.70 by Cermaq ASA...

Personally, as of current situation, I don't think CF will eventually be successful even with this revised offer. But I think CF is giving it a try...

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09-Apr-2013 18:10 Midas   /   Midas       Go to Message
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Furthermore, this news will help to strengthen the Buy Call justifications...
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09-Apr-2013 17:20 Midas   /   Midas       Go to Message
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MIDAS AWARDED S$17.3 MILLION SINGAPORE MRT TRAIN CAR BODY ORDERS

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For the supply of train car body module components for the NEL and CCL

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_5D07FCFBB0509E8148257B4800323DCF/$file/Midas_NewsRelease.pdf?openelement

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08-Apr-2013 23:39 China Fishery   /   China Fishery - Low PE       Go to Message
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For your reading pleasure:

http://www.undercurrentnews.com/2013/04/05/cermaq-offer-leaves-china-fishery-little-room-to-maneuver-in-bid-for-copeinca/

http://www.undercurrentnews.com/2013/04/05/copeinca-to-be-cermaqs-third-pillar/ 

China Fish is holding  9.9% stake in Copeinca. Personally I hope  China Fish  would withdraw its acquisition offer & not up the offer. Let us see how China Fish respond.

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08-Apr-2013 14:04 YZJ Shipbldg SGD   /   Cruising with the ship ..Yangzijiang       Go to Message
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New Yangzi Pens Kamsarmax

China's privately-owned shipyard Jiangsu New Yangzi Shipbuilding has won a newbuilding order to build up to five kamsarmax bulkers from Callimanopulos group.
An official from the Greek owner said the company recently placed an order for firm three 82,000-dwt bulkers and additional options for one plus one units.
The firm newbuildings are to be delivered in August and October of 2015 and January 2016 respectively.
Callimanopulos did not disclosed the price, while industry player estimated the ship to value around $26m apiece.
Meanwhile, the Greek owner bought a pair of 81,000-dwt bulkers from Danish owner Norden in November 2012, valued around $44m en bloc, after a long absence from the bulker arena.


...14 working days to AGM...



pseudo      ( Date: 08-Apr-2013 13:32) Posted:

Orders.
3+1+1 kamsarmax bc.
Estimated 26m/-

http://en.eshiptrading.com/news/d/221/4683/

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06-Apr-2013 02:02 Others   /   Nuclear War Might come       Go to Message
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WASHINGTON (MarketWatch) -- The White House " would not be surprised" if North Korea launches a missile, White House spokesman Jay Carney said Friday (5 Apr 13). Asked about reports that North Korea had moved missile launchers to its east coast, Carney said a missile launch " would fit their current pattern of belicose, unhelpful, and unconstructive rhetoric and actions. We urge them to stop with the provocations."

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05-Apr-2013 23:25 China Fishery   /   China Fishery - Low PE       Go to Message
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In addition, if CF chooses to sell her existing stake in Copeinca to Cermaq, I think  CF  might earn a few millions? Just  enough to cover the cost for this failed acquisition? Cash-rich CF can then  look for other good deals...
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05-Apr-2013 22:07 China Fishery   /   China Fishery - Low PE       Go to Message
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Report in undercurrent news: http://www.undercurrentnews.com/2013/04/05/cermaq-buys-50-7-of-copeinca/  ..." The surprise announcement means the end of China Fishery Group’s takeover ambitions for Copeinca, which were conditional on China Fishery acquiring 50.01% of shares in the company."

The China Fishery Group Board is in consultation with its advisors to explore its options in relation to the information announced by Copeinca and will update Shareholders in due course. In the meantime, the Board wishes to advise Shareholders to exercise caution in their dealings in shares of the Company and to refrain from taking any action in relation thereto, until they have sought their own financial and legal advice where appropriate.

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05-Apr-2013 17:48 China Fishery   /   China Fishery - Low PE       Go to Message
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Copeinca ASA : STATEMENT BY THE BOARD OF DIRECTORS OF COPEINCA ASA IN CONNECTION WITH THE VOLUNTARY OFFER FROM GRAND SUCCESS INVESTMENT (SINGAPORE) PRIVATE LIMITED



http://www.4-traders.com/COPEINCA-ASA-4006733/news/Copeinca-ASA-STATEMENT-BY-THE-BOARD-OF-DIRECTORS-OF-COPEINCA-ASA-IN-CONNECTION-WITH-THE-VOLUNTARY-16606999/

Let us see how China Fish respond...
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05-Apr-2013 17:39 China Fishery   /   China Fishery - Low PE       Go to Message
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Latest development :
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03-Apr-2013 23:29 YZJ Shipbldg SGD   /   Cruising with the ship ..Yangzijiang       Go to Message
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These are good news. Thanks to cheongsl for the info.

cheongsl      ( Date: 03-Apr-2013 22:42) Posted:



" Another China’s large private-owned Yangzijiang Shipbuilding is said to have won a $170m worth of jack-up drilling rig from a Malaysian shipowner at the end of last year, entering offshore sector for the first time and to top it off, Yangzijiang signed a preliminary agreement for one jack-up drilling rig with Qatar Investment Corporation. "

Qatar Investment corporation agreement news seems haven't release yet.

Also, sources said the shipowner secures additional options for four of same size at the yard.
Frontline 2012 is aggressively investing in newbuilding capesize fleet and has placed most of orders at Chinese shipyards, such as SWS, DSIC, and Yangzijiang Shipbuilding. If the owner firms up options and those signed by LOI, then it would have a total of 32 capesize bulkers on order.



Both news are last two days and seems more order will be seeing soon.

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03-Apr-2013 14:43 Yongnam   /   Yong nam       Go to Message
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Yongnam Holdings - Myanmar angle surfacing



CIMB's comments 2 weeks ago: http://valueinvestorresearchsgx.blogspot.sg/2013/03/yongnam-holdings-myanmar-angle-surfacing.html

For your reading pleasure...
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03-Apr-2013 00:19 SoundGlobal   /   Sound Global Ltd (formerly: Epure)       Go to Message
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Today closing price  was 0.545...  ie, Sound Global is trading at around 8.4x PE ratio which is  more than 40% discount to its peers’ average of 15x PE. I think Sound Global is  relatively cheap.
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02-Apr-2013 14:34 Others   /   Will N. Korea start to Hood (Hokkien)       Go to Message
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I don't like the tension over there... but I guess the tension will continue for political & business reasons... someone can continue to sell more weapons to someone else to counter (self-created?) perceived threats... can be LOL...
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02-Apr-2013 14:16 China Fishery   /   China Fishery - Low PE       Go to Message
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Yeah... NAV per share as adjusted for the rights issue is  0.39 to 0.41  USD.

guoyanyunyan      ( Date: 02-Apr-2013 14:03) Posted:

China Fish bottom liao, time to buy??   [link]    


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01-Apr-2013 17:42 Yongnam   /   Yong nam       Go to Message
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Vgood today: intraday up 7% (0.305), closed up 3.5% (0.295).

 
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29-Mar-2013 15:08 China Fishery   /   China Fishery - Low PE       Go to Message
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In addition, I think China Fishery Group is declaring her justification  for the acquisition of Copeinca with this stock exchange notice.
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29-Mar-2013 14:36 Vard   /   STXOSV       Go to Message
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GorgeousOng, I like your positive attitude!

GorgeousOng      ( Date: 29-Mar-2013 12:12) Posted:

Hello...I am taking to iPunter, ok! I see the chart forming double dip ... checking with him. I could have put question mark instead of exclamation mark! Very SORRY!!!
Nothing to angry about!! Money is not everything in life! One more sampan? One more yacht? One more Porsche?? Is there all about life? I just like the excitement of playing share keep me youthful !!! The extra is keeping for my next generation. No ego!!! Just be happy and enjoy my life hehehaha !!!l Life is great all the time ... I am enjoying in my little sampan...

student      ( Date: 29-Mar-2013 11:17) Posted:



Many will " mau" ... But never ask others to follow you. Just " mau" yourself and become rich.


If they don't " mau" , how can they become rich by playing kacang puteh tikam-tikam?

But usually they will become angry if you don't follow their ego to " mau" with them. 


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