Latest Forum Topics / China Fishery Last:0.076 -- | Post Reply |
China Fishery - Low PE
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flyfox
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13-Sep-2013 02:56
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By right,  the volume should be alot more since the free float shares should multiply by 2 with rights.   However, since free float so small..there's reason to justify for that.   Or we can say that many people buy and hold...so less volume when there's demand, hence shoot up
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newbie888
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13-Sep-2013 00:50
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looking at the chart seems like accumulating ...rather steep green step up...haha...hopeful to test 0.39.. | ||||
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UPRR18
Member |
13-Sep-2013 00:35
Yells: "Si Mai" |
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If what Eva Tallaksen is correct, Institution Investors will wants to have a stake in this BB .... Copeinca will help China Fishery  diversify away from its core business, Russian pollock, which is facing uncertainty  due to political threats in Russia, and will make China Fishery?s finances look healthier than they do now, in part by increasing its cash flow. ?The acquisition, if successful, will improve China Fishery?s business profile, especially if it is able to merge it with its existing fishmeal operations in Peru,?  Fitch Ratings wrote in April. ?The fishmeal business carries least operational risk among China Fishery?s three major business segments.? In turn China Fishery, at least in theory, will provide Copeinca with further access to its biggest market, China. |
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flyfox
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12-Sep-2013 23:14
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I do long this stock and has been monitoring for awhile. Honestly i felt that the current situation doesn't not really favour a  turning point. With all the debts and problems with fishing rights and quotas. With the rights issue, the div gonna decrease again.   Perhaps, when CF could try to improve the efficiency by utilizing the quota for Copeinca, plus improving PRC consumption of fish..that's when the economy will recover. Must depend on when institutional investor want to push up the stock...it's kind of accumulating stage now.   For me, i believe a turning point should at least close above 0.395, which is above the previous high. If not, downtrend still intact with a bounce.   Volume wise also doesnt favour a turning point...sad to say..   IMO i am vested
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FlyingStocks
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12-Sep-2013 16:58
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Ho Sey Liao!!! At last.....see some turning points........ | ||||
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dc16888
Senior |
12-Sep-2013 16:14
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haha...1/2 a cent to 1 cent a day, $1-$0.38=0.62, 0.62/0.005=? days | ||||
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Isolator
Supreme |
12-Sep-2013 15:23
Yells: "STI is hard landing to below 2000..." |
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Must hold it to become dollars.... Enjoy... | ||||
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dc16888
Senior |
12-Sep-2013 11:58
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0.38=broke 100 dma. (0.375=100 dma) | ||||
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UPRR18
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12-Sep-2013 10:31
Yells: "Si Mai" |
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This fish is lethargic after the fight to acquire " coffee kar thai" . To move by $0.005 the engine already " chuan" . Maybe need Yomeisu, Dom, Brand Essence of Chicken .... whatever ..... to start moving .... |
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Isolator
Supreme |
12-Sep-2013 10:09
Yells: "STI is hard landing to below 2000..." |
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Be ready... | ||||
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guoyanyunyan
Elite |
12-Sep-2013 09:31
Yells: "uncertainty always exist" |
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...congratulation!!... hold it tight...
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newbie888
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12-Sep-2013 00:25
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maybe that's also the reason why they are willing to buy out Copeinca at all cost...good move!haha..so now the next news to look out for is whether to keep it listed on oslo or not then...and of course the outcome of the Russian love story...lol | ||||
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newbie888
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11-Sep-2013 23:44
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sounds like a bad news...but will it implicate china fishery as well? though it did not mentioned china fishery but Pacific Andes seems to be one of them...
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Blanchard
Senior |
11-Sep-2013 23:29
Yells: "Winners cry..... Losers smile....." |
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September 11, 2013, 9:09 am A Russian parliament committee has called on authorities to strip fishing groups affiliated with Chinese or Korean companies of their quotas, reported Russia Beyond the Headlines, citing the Russian business newspaper, Kommersant. According to Kommersant,  the state Duma committee on natural resources, nature management and ecology has appealed to the Federal Security Service (FSB) and the prosecutor-general?s office to put an end to unlawful activities of Chinese and Korean companies in Russia?s fishing waters and to strip legal entities affiliated with them of their fishing quotas. The MPs have also called on the FSB   Aleksandr Bortnikov  and prosecutor general  Yury Chayka to identify the companies found to be illegally fishing in Russia. Their call was prompted by reports from  representatives of Far Eastern companies that foreign owners were unwilling to part with their unlawfully obtained Russian assets, said Kommersant. It was after similar complaints that Pacific Andes International Holdings was ordered to sell its Russian assets. Pacific Andes has always denied having interests in Russian fisheries companies. However, it has been widely linked to companies that have recently been acquired by Russian Sea Catching, the new emerging powerhouse backed by oligarch Gennady Timchenko, which has been buying up companies in the Russian Far East. Russian Sea Catching is said to be also eyeing  Sakhalin Leasing Flot and  Nakhodka Active Marine Fishery Base. According to Kommersant, Pacific Andes still indirectly holds interests in four assets in Russia, but does not want to part with them at the prices put forward by Russian buyers. The ?seller?s asking price is simply out of proportion?, the head of the Russian federal fisheries agency Andrey Krayny told Kommersant. After Pacific Andes, Russian authorities started taking a closer look at the involvement of South Korean companies in the Russian Far East, saying Korean companies are suspected of unlawfully controlling some 20 Russian fishing companies, which have quotas for catching 220,000 ? 250,000 metric tons of Alaska pollock, or 12-15% of the total Russian quota. The Korean companies under scrutiny are SajoDaerim Corporation, Hansung Enterprise, and their subsidiaries.  They are believed to have control over the following Russian companies: Orion, Oladon, Polluks, Daltransflot, Yantar, Tralkom, Ekarma Sakhalin, Kurilsky rassvet. The other companies that FAS has concerns about ? Ussuri, Atika, Mikor, Alitet and Ayan ? are said to be controlled by HNS, Silla Co, KDF and Nordik. These reports were made public by the head of the Federal Antimonopoly Service (FAS), Igor Artemyev. As the FAS did with Pacific Andes, Artemyev invited  Koreans to instead invest in Russia?s onshore processing sector.  News has since emerged that South Korean companies plan to  invest up to $2 billion  in the Russian Far East, although $1bn of that will be in a coal project. More recently, Russia has also claimed that US and Japanese companies hold illegal stakes in its fishing companies. The Russian companies that Kommersant has been able to reach either refused to comment on their links with Korean founders or said that there were no such links. This is technically true. According to Interfax?s SPARK database, the majority of Korean founders stopped being shareholders in Russian companies late last year or early this year. In reality, however, most of those Russian companies are still controlled by Korean business though ?trustees?, said the newspaper. On the other hand, said Russia Beyond the Headline, there are Russian legal entities that are controlled by Korean companies. As in the case with Pacific Andes, FAS has invited them to divest their shares in the capital of the Russian companies, but said nothing had happened yet. If nothing changes by Jan. 1, 2014, these companies will not have their fishing quotas extended, after which, under the Russian law, their quotas will return to the state and will be sold at an auction, said Krayny.   |
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flyfox
Member |
11-Sep-2013 19:36
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Interesting, could you show me your calculations, thanks!
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Isolator
Supreme |
11-Sep-2013 14:28
Yells: "STI is hard landing to below 2000..." |
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Have faith with Fish..... it is going to breakout...... | ||||
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FlyingStocks
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11-Sep-2013 14:20
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Ya.....I agree with your view, this stock has the potential. The thing is it needs time to produce results and a colorful report. Currently, it also lacks volume to drive the stock to a higher plane.....   My personal view, suitable for long term investment but not day trading.
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JMS213
Senior |
10-Sep-2013 16:17
Yells: "Just living is not enough. One must have sunshine, freedom !" |
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Flystocks, this stock has the potential. Just did a simple calculation .... it only takes less than S$100k to move from $0.365 to $0.40. Even this meager amount appears to be a mammoth task. This BB probably need a lot of time to ascend, I think ....
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FlyingStocks
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10-Sep-2013 14:18
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It looks like it is in the process of ascending..... | ||||
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T2LE56
Member |
09-Sep-2013 19:59
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After the acquisition, look like there won't be much happenings this month. Give time for CF to digest, will revisit this counter in Oct, hopefully there is some good news. Ciao | ||||
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