Back

Latest Forum Topics / China Minzhong

Post Reply

China Minzhong Food forum Post Reply Rate topic
BummerHuat Member	03-Sep-2013 13:46        BummerHuat About Contact  Quote this Post!
x 0   x 0  Alert Admin	Actually the points raised by Glaucus are common red flags of fraudulent S-chip companies and are valid concerns. Indofood is confident of their due diligence process but doesn't necessarily mean that they are correct. Not sure what is their experience in investing in Chinese companies but its a totally different ball game investing in Chinese companies. A Chinese company with an intention to defraud investors have the means to come up with all sorts of supporting documents, invoices that investors, auditors will just traditionally rely on at face value.
Useful To Me  Not Useful To Me
Peter_Pan Supreme	03-Sep-2013 11:55        Peter_Pan About Contact  Quote this Post! Style: Flexible   Mood: Yells: "did you order dunkin' donuts"
x 0   x 1  Alert Admin	Has Glaucus covered or are they still trying to dig their own.....
Useful To Me  Not Useful To Me
Peter_Pan Supreme	03-Sep-2013 11:53        Peter_Pan About Contact  Quote this Post! Style: Flexible   Mood: Yells: "did you order dunkin' donuts"
x 0   x 0  Alert Admin	Indofood through UOBKH is queuing at 1.12
Useful To Me  Not Useful To Me
guoyanyunyan Elite	03-Sep-2013 11:43        guoyanyunyan About Contact  Quote this Post! Style: Combined   Yells: "uncertainty always exist"
x 0   x 0  Alert Admin	Don?t Mess With Bapak Indofood to take over Minzhong. We mentioned in an August note that Indofood may take over Minzhong if it is that confident in its investment and it appears that is the course they will take. China Minzhong?s rebuttal was announced on 1 Sep and it was robust in our view, but by itself would probably not have been enough to immediately ease shareholder concerns. Regardless, the rebuttal has since been superseded by more recent events, namely the offer that is now on the table for Minzhong at SGD1.12. Indofood first crossed over the 30% threshold yesterday morning (2 Sep) by buying 25.6m shares or 3.9%, taking them from 29.3% to 33.5%, and it will now launch a MGO for the rest. (Latest: Indofood in total bought 69.5m shares or 10.6%, taking them to 44.1%.) Uncertainties and approvals remain hence our rating is still under review. We outline some scenarios below. Accept the offer ? easiest but other opportunities. So now what? In our view, there will be plenty of people saying accept the offer, run for the hills and count yourself lucky. After yesterday?s unprecedented rebound the stock is now at the last six months? average and we believe most investors should be in the money or at the edge of it. Given the still considerable uncertainties, accepting the offer would be the easiest thing to do, but there are other dynamics to consider. Hence, from now on, we will strive to present all sides of the equation, recognising that there will be some investors (probably most) that will want to get out BUT there may still be some who would want to stay in the game. So why should we hang on? Well, for one thing, Glaucus likely gave Indofood a rare opportunity to launch a takeover at an artificially low price and frankly, Minzhong probably also asked Indofood for help. So if one is willing to wait it out, there could be more upside given Minzhong?s cheap valuation (0.7x NTA and 4x PE) now. Indofood is unlikely to give Minzhong a free lunch. In our view, it is likely to push Minzhong to cut capex, improve cashflow, increase transparency and corporate governance, and very likely have a fixed dividend policy (Indofood has a 40% payout policy) so that it can recoup its money as soon as possible. If all this plays out, Minzhong could still be worth SGD1.50, which was where consensus was clustered before Glaucus. Source:Maybank Kim Eng
Useful To Me  Not Useful To Me
Peter_Pan Supreme	03-Sep-2013 06:55        Peter_Pan About Contact  Quote this Post! Style: Flexible   Mood: Yells: "did you order dunkin' donuts"
x 1   x 0  Alert Admin	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.
Useful To Me  Not Useful To Me
FearValueGreed Master	03-Sep-2013 06:53        FearValueGreed About Contact  Quote this Post! Style: Combined   Yells: "Long Term Timing X Capital = Well Deserved Payout"
x 0   x 0  Alert Admin	I like CMZ saga part 2 Surprise ambush during trading. No chance for mr G to react.
Useful To Me  Not Useful To Me
Peter_Pan Supreme	03-Sep-2013 06:45        Peter_Pan About Contact  Quote this Post! Style: Flexible   Mood: Yells: "did you order dunkin' donuts"
x 0   x 0  Alert Admin	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.
Useful To Me  Not Useful To Me
tiancai007 Master	03-Sep-2013 03:08        tiancai007 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Those who bought 1.2 or at IPO px will probably be not want to sell at 1.12 which represents a lost.
Useful To Me  Not Useful To Me
medivh Elite	02-Sep-2013 23:24        medivh About Contact  Quote this Post!
x 0   x 0  Alert Admin	wah.. 123kid disturb you ah?? Call Wrestling Federation ask them if got a missing wrestler  lol   SFGuyRuleZ      ( Date: 01-Sep-2013 15:39) Posted: Haha, whether you believe it or not, I am really not vested in this. You want to short and that's your problem, don't make it my problem. And I may even vest after hearing CMZ's response, so thanks ya, you can make it cheaper for me to collect. And don't think I do not know you are the same person - Mr KelvinLim123 aka johnloke49 aka victortan. I have read many threads from the start till end in SJ. The words and tone, philosophy and investing style from these 3 identities and how they always  against the same people (medivh, warrenbeggar, etc...) using the same words and harping from the same point already reveals all. I never know you are such a petty person. My respect for you kinda reduce more again. Get a life ba. Oops, do you have one?? Eh, don't angry and spam me again. Aww.. =( victortan      ( Date: 01-Sep-2013 12:41) Posted: This SF guy is stuck here, he maybe bought at a dollar, I think for it to go back to a dollar may take years,  I will try to short it on open. This is a stupid s-chip, not olam, a total different environment, U cannot compare chicken with duck. just becuase they walk on 2 legs, then why not compare to human. Really this SF guy long wind alos cannot save himeself from the Great Wall collapse. good luck to SF guy.
Useful To Me  Not Useful To Me
WanSiTong Master	02-Sep-2013 22:40        WanSiTong About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Update :     2. DEALINGS Pursuant to Rule 12.1 of the Singapore Code on Take-overs and Mergers (the " Code" ), UOBKH, for and on behalf of the Offeror, wishes to announce the following acquisition of Shares by the Offeror on 2 September 2013: (i) Total number of Shares acquired 69,465,000 (ii) Percentage of Shares acquired 10.60% of total issued Shares1 (iii) Price per Share acquired (excluding brokerage commission, clearing fees and Goods and Services Tax) S$1.12 per Share (iv) Resultant total number of Shares owned, controlled or agreed to be acquired, directly or indirectly, by the Offeror and persons acting in concert with it 288,990,382 (v) Percentage of Shares owned, controlled or agreed to be acquired, directly or indirectly, by the Offeror and persons acting in concert with it 44.09% of the total issued Shares1
Useful To Me  Not Useful To Me
Peter_Pan Supreme	02-Sep-2013 21:34        Peter_Pan About Contact  Quote this Post! Style: Flexible   Mood: Yells: "did you order dunkin' donuts"
x 0   x 0  Alert Admin	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.
Useful To Me  Not Useful To Me
warrenbegger Elite	02-Sep-2013 21:33        warrenbegger About Contact  Quote this Post!   Mood: Yells: "Anyhow Buy Anyhow Die ^_^"
x 0   x 3  Alert Admin	Obituary to our pitiful Shortist !! Backside mostly and always kanna tear again and again and again and again. LOL!!!   *Those thumb me down again is an idiiot, if u dare, thumb me down again la... Ha haa haaa :)
Useful To Me  Not Useful To Me
Peter_Pan Supreme	02-Sep-2013 21:25        Peter_Pan About Contact  Quote this Post! Style: Flexible   Mood: Yells: "did you order dunkin' donuts"
x 0   x 0  Alert Admin	The shortists won't have that much shares to borrow to short at 1.12. All will kena absorbed by the white knight.
Useful To Me  Not Useful To Me
starlene Elite	02-Sep-2013 21:18        starlene About Contact  Quote this Post!
x 0   x 0  Alert Admin	The takeover at $1.12 by the existing Indo co is a master strategy to kill all the shortists..believe some form of conspiracy with Glaucus....working together
Useful To Me  Not Useful To Me
Peter_Pan Supreme	02-Sep-2013 21:05        Peter_Pan About Contact  Quote this Post! Style: Flexible   Mood: Yells: "did you order dunkin' donuts"
x 0   x 0  Alert Admin	Btw, CMZ's managrment won't sell their stakes bah...GO is just a formality
Useful To Me  Not Useful To Me
gavinl Elite	02-Sep-2013 20:34        gavinl About Contact  Quote this Post!
x 0   x 0  Alert Admin	Think so too. Just like muddy water on olam. nqing87      ( Date: 02-Sep-2013 19:39) Posted: i dont think glaucus suffer any losses.. the moment they release their report accusing CMZ of fabricating financials, they already earned when panic retailers sell.. on 26th Aug where CMZ plunge, there are only 2k+ lots of shorts.. i dont think those are done by glaucus and is likely done by retailers.. glaucus probably had already accumulated their shorts before releasing their accusation report.. so when retailers panic & reacted to their report, glaucus probably covered their shorts on that day.. glaucus would also be expecting that the big shareholders & CMZ wont be sitting around doing nothing and allow shares to plunge.. so that doesnt make sense for them to start shorting on the day they report.. the only one that are losing money are the retailers & the last minute shortists..
Useful To Me  Not Useful To Me
nqing87 Veteran	02-Sep-2013 19:39        nqing87 About Contact  Quote this Post!
x 0   x 1  Alert Admin	i dont think glaucus suffer any losses.. the moment they release their report accusing CMZ of fabricating financials, they already earned when panic retailers sell.. on 26th Aug where CMZ plunge, there are only 2k+ lots of shorts.. i dont think those are done by glaucus and is likely done by retailers.. glaucus probably had already accumulated their shorts before releasing their accusation report.. so when retailers panic & reacted to their report, glaucus probably covered their shorts on that day.. glaucus would also be expecting that the big shareholders & CMZ wont be sitting around doing nothing and allow shares to plunge.. so that doesnt make sense for them to start shorting on the day they report.. the only one that are losing money are the retailers & the last minute shortists..
Useful To Me  Not Useful To Me
Peter_Pan Supreme	02-Sep-2013 19:18        Peter_Pan About Contact  Quote this Post! Style: Flexible   Mood: Yells: "did you order dunkin' donuts"
x 0   x 0  Alert Admin	Which is more painful for Glaucus? Pockets or Egos?
Useful To Me  Not Useful To Me
SFGuyRuleZ Veteran	02-Sep-2013 19:17        SFGuyRuleZ About Contact  Quote this Post! Style: Combined   Yells: "You are your own master.."
x 0   x 0  Alert Admin	Congrats to CMZ's long investors. Really feel happy for you all. You all deserve the big windfall, especially those who bought at around 50 cents.. =)
Useful To Me  Not Useful To Me
SFGuyRuleZ Veteran	02-Sep-2013 19:14        SFGuyRuleZ About Contact  Quote this Post! Style: Combined   Yells: "You are your own master.."
x 0   x 0  Alert Admin	I love Indomie Mi Goreng since young. Up to now still like. One word for today's show - EPIC!!
Useful To Me  Not Useful To Me

                                                         First   < Newer   41-60 of 2490   Older>   Last