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China Fishery - Low PE
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cheongsl
Master |
11-May-2013 04:46
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Anyone know about the new operating reforms for the company. The new operating methods seems to reduce cost but have major impact on the revenue, as what mention in the report is that the price of fish have when up, the revenue decrease due to volume decrease. It seems to suggest less experience labour are used which have result in lowering of fish catches. The new financial statement seems to suggest that they only rent the vessel, and they get their own labour which is reclassified under cost of sales.
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Blanchard
Senior |
11-May-2013 00:31
Yells: "Winners cry..... Losers smile....." |
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China Fishery Group extends offer for Copeinca shareshttp://www.reuters.com/article/2013/05/10/copeinca-idUSWEB004XC20130510 For your reading pleasure:1. Cermaq cool on $521 mln synergies share-out with Marine Harvesthttp://www.reuters.com/article/2013/05/10/marineharvest-cermaq-idUSL6N0DP1F220130510
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guoyanyunyan
Elite |
10-May-2013 09:04
Yells: "uncertainty always exist" |
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...Last Done: $0.410...
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serialain
Member |
09-May-2013 09:56
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Looks like a good margin of safety.. I pray this trend lasts! | ||||||||||||||||||||||||||||||||||||||||||||||||||
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guoyanyunyan
Elite |
09-May-2013 09:40
Yells: "uncertainty always exist" |
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Net asset value per ordinary share based on existing issued share capital as at the end of period reported on (28.03.2013) US$0.84 up from (28.09.2012) US$0.80 ...Last Done: $0.405... |
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Octavia
Elite |
09-May-2013 09:36
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China Fishery Group Limited posted a 13 per cent decrease in net profit attributable to shareholders from US$48.2 million to US$41.9 million for their second quarter ended March 28. For the first half of the financial year 2013, net profit decreased 23 per cent to US$55.5 million, from H1 2012's US$72.0 million. Group revenue for Q2 decreased from US$219.7 million in the previous year to US$162.7 million, a 26 per cent fall this was primarily due to lower sales contributions from Peruvian Fishmeal Operations and Contract Supply Business. Correspondingly, H1 revenue decreased 22 per cent to US$270.8 million from US$345.5 a year ago |
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Blanchard
Senior |
08-May-2013 18:57
Yells: "Winners cry..... Losers smile....." |
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Half Year Results “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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rbgmauq
Member |
07-May-2013 21:28
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B0Z.SI has closed above bottom band by 27.2%. Bollinger Bands are 54.3% narrower than normal. The narrow width of the bands suggests low volatility as compared to B0Z.SI's normal range. The bands have been in this narrow range for 1 bars. This is a sign that the market may be about to initiate a new trend. http://sgx.stoxline.com/quote.php?s=b0z | ||||||||||||||||||||||||||||||||||||||||||||||||||
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Blanchard
Senior |
07-May-2013 21:21
Yells: "Winners cry..... Losers smile....." |
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The Chairman of Marine Harvest ASA, Ole-Eirik Lerøy, writes to Cermaq shareholders...
[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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Blanchard
Senior |
07-May-2013 16:41
Yells: "Winners cry..... Losers smile....." |
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Agreed... The $ will probably ended up with Relevant Worthwhile Spending or Money in Balance Sheet. LOL...
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tchoonw
Veteran |
07-May-2013 13:08
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The $ will probably ended up with rws or mbs!
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serialain
Member |
07-May-2013 12:21
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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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Blanchard
Senior |
06-May-2013 22:43
Yells: "Winners cry..... Losers smile....." |
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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 |
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Blanchard
Senior |
04-May-2013 06:54
Yells: "Winners cry..... Losers smile....." |
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Marine Harvest May Boost $1.7 Billion Cermaq Bid, Analyst Sayshttp://origin-www.bloomberg.com/news/2013-05-03/marine-harvest-may-boost-1-7-billion-cermaq-bid-analyst-says.html |
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Blanchard
Senior |
03-May-2013 18:03
Yells: "Winners cry..... Losers smile....." |
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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 ?
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tenacious
Member |
03-May-2013 13:38
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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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Blanchard
Senior |
02-May-2013 09:46
Yells: "Winners cry..... Losers smile....." |
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http://finance.yahoo.com/news/cermaq-asa-cermaq-continues-process-232602469.html ...acquisition fight continues... await new development...
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Blanchard
Senior |
02-May-2013 09:40
Yells: "Winners cry..... Losers smile....." |
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Cermaq comments on Marine Harvest`s conditional, unsolicited takeover offer: Cermaq continues process to complete Copeinca transaction and deems Marine Harvests conditional, unsolicited offer as inadequate... |
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kgaihc
Member |
01-May-2013 13:03
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Marine Harvest ASA (" Marine Harvest" ) has acquired 4,341,000 shares in Cermaq ASA (" Cermaq" ), corresponding to 4.7 per cent of the share capital in Cermaq. The Board of Directors of Marine Harvest has decided that Marine Harvest, if the annual general meeting of Cermaq rejects the proposed equity issues that are necessary to acquire Copeinca ASA (" Copeinca" ), will make a voluntary offer of NOK 105 per share for all outstanding shares of Cermaq. The offer price will be adjusted to NOK 104 per share if the proposed dividend of NOK 1.00 per share is resolved at the Cermaq annual general meeting. http://www.marineharvest.com/en/Investor1/Press-releases/2013/Marine-Harvest-will-offer-NOK-105-per-share-in-Cermaq/ |
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Henry$$$
Senior |
01-May-2013 09:30
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After Etika, JB Foods and Yamada, I personal feel China Fish and Pan Andes are under value gems. | ||||||||||||||||||||||||||||||||||||||||||||||||||
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