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YZJ Shipbldg SGD
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Cruising with the ship ..Yangzijiang
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ynnek1267
Master |
03-Mar-2013 16:55
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Wahahaha!!!!! Short short short. YZJ. No 70cents no cover. Wahahaha! !@@@ frogs all die pain pain. Wahahaha! !!!!
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Bopanha
Master |
03-Mar-2013 16:48
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Yea agreed with Oldbird, this ynnex real " cocky" ! Last time he tried on YJZ chanting it to go below 90 cents. But instead it went up a short wile later to $1.02. Then he claimed he shorted at 1.025. This time he will get more burnt. Hahahaha. YZJ is down slightly due to market turning cautious on Friday because of the sequestration. But the home ground market have not viewed it as bearish, maybe have discounted all the auto cuts effects on the US economy. | ||||
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ynnek1267
Master |
03-Mar-2013 16:06
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Wahahaha..... frog frog frog are inside YZJ. Wahahahaha!!!!!!!!!
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Oldbird
Senior |
03-Mar-2013 12:25
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This “cocky” guy will disapper sooner or later, just ignore him…
Cheers..
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darkknight
Member |
03-Mar-2013 12:14
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Don't see the need to start naming games like calling others frogs. Take your money and share your view, there is no right or wrong in stock market, mostly depending on your preference of an investment horizon. Peace please. | ||||
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ynnek1267
Master |
03-Mar-2013 11:40
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Told already. Shorted big at 1.025. Even we don't short tomorrow. Your retailers are going to run road tomorrow. Wahaha! !!!
Only frog still inside loh.
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Libin85
Member |
03-Mar-2013 11:17
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ynnek1267selling 500lots tomorrow ? I would like to grab abit more too. do let me know if ur 500 lots will be done thru private placement or having several agents placing on the market.... | ||||
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Bopanha
Master |
03-Mar-2013 10:55
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knn168
Member |
03-Mar-2013 10:19
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0.85 please
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Bopanha
Master |
03-Mar-2013 09:44
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Will try at 94/95 cents. Hopefully can get.
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ynnek1267
Master |
03-Mar-2013 09:41
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500lots? At 95? You will get it tomorrow. Just queue will do. Wahaha!!!!!!!!!
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Bopanha
Master |
03-Mar-2013 09:37
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What price do you wish to short? If your price is cheaper than 95, we can arrange for a private placement maybe for 500 lots. OK???
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ynnek1267
Master |
03-Mar-2013 09:32
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You will get it as much as you can. What price you want? Wahahaha! !!!
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Bopanha
Master |
03-Mar-2013 09:31
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I still wish to collect another 30 lots to make it 100. Thanks to bro ynnek, otherwise not easy to collect at the cheap. Wahahaha too!!! | ||||
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ynnek1267
Master |
03-Mar-2013 09:25
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Wahahaha!!!! Yangzhijiang is top in our shortist list. Wahahaha! !!! | ||||
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Bopanha
Master |
28-Feb-2013 10:23
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This understanding will call for a strong upward climb for YZJ share price. Really good fortune for those vested!! | ||||
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paul1688
Senior |
28-Feb-2013 10:08
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Written by Sim Kih
Tuesday, 26 February 2013 13:20
YANGZIJIANG SHIPBUILDING has proposed a first and final cash dividend of 5.0 Singapore cents per share for FY2012 in spite of a 10% decline in net profit attributable to shareholders. The 5-cent dividend works out to a dividend yield of 5%, based on its recent stock price of 98 cents. This year, its dividend payout ratio of 27% is higher than the 26% for FY2011. The shipbuilding industry has not come out of the current downcycle. Yet, the leading PRC shipyard is able to keep up with its dividend payment because of a successful diversification strategy and proactive cash management. Group revenue was Rmb 14.8 billion for FY2012, down 6% year-on-year. In spite of the challenging environment in the shipbuilding industry, the Group maintained gross profit margins at 31%. The Group’s core revenue driver, shipbuilding and related activities, contributed about 91%, or Rmb 13.5 billion. This was down 7.7% year-on-year. The remaining revenue contribution of 9% came from investment segment (interest income from financial assets, held-to-maturity assets and micro finance business). This increased 20% y-o-y to Rmb 1.3 billion. This increase of about Rmb 200 million was driven by increased investments in held-to-maturity financial assets and higher loans to third parties in the micro finance business. Investment in held-to-maturity assets increased to RMB11.4 billion as at 31 December 2012.The Group’s balance sheet remained in a strong position with cash holdings of RMB6.3 billion and low gearing of 7.0%. Its diversification activities include: ship demolishing, steel fabrication, offshore oil and gas, and vessel chartering. The Group’s outstanding order book is US$3.4 billion, comprising of 64 vessels. In addition, the Group also secured a contract to build a Jackup Drilling Rig worth US$170.0 million, with an option for another similar rig. Below is a summary of questions raised at the Group’s FY2012 analyst briefing and the replies provided by executive chairman Ren Yuanlin and CFO Liu Hua. Q: Why are your held-to-maturity (HTM) investments growing when you have previously said that you intend to reduce it? Our cash management policy is a long term one. We expect 2013 to be a challenging year for shipbuilders. As such, we have more than enough cash for working capital because of the decrease in newbuilding orders. When shipbuilding activities increase in the future, our HTM investments may decrease. Secondly, banks are willing to finance the construction of vessels that take place at our yards. So, we don't need to use our cash reserves. Our borrowing rate is only about 3% compared to 6% to 7% for commercial loans taken in China. Thirdly, the return from our HTM investments helps us retain our 30% dividend payout policy even during shipbuilding down-cycles. Q: What is the tenure of the HTM investments? We prefer to lend to government bodies as such investments are less risky. However, these types of investments have a longer holding period and lower return. Q: How much lower is the return? In the earlier years when we lent to commercial companies, returns could reach 12% to 15%. The return on loans to government bodies range from 10% to 12%. Q: Have you written back on your provisions? We write back provisions on all financial investments that have matured. Apart from provisions on financial investments, we also had provisions for vessels under construction. These provisions are written back when the vessel is fully sold, or when we receive a banker's guarantee for the job. Q: Are you surprised there are no defaults with yields on HTM investments as high as 10% to 15%? There were three to four incidents of default and we sold off the collateral within a short time. The total amount defaulted on is less than Rmb 500 million. We require a high collateral to loan ratio of about 2 times. There is why there are no bad debts on our balance sheet. Also, we have over 20 advisors on our investment and legal teams. These advisors are well-qualified individuals who hold important positions in the banking industry. Q: What kind of land is provided as collateral? All the land parcels we have accepted as collateral are located in Jiangsu. They are bare land licensed for commercial real estate development. Q: What was the reason for the warrant issue? In Singapore, the average daily value traded in Yangzijiang shares is slightly more than S$10 million. I feel that this is not active enough. Even though Yangzijiang is one of the most profitable yards in the world, our PE is only 5 times. The warrant issue will create more investment depth. Secondly, the government of China has said it wants the top 10 shipyards in China to contribute 70% of the country's shipbulding output. The warrant proceeds will help us expand and retain our position as one of the top 10 PRC yards. |
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tkc_drew
Member |
26-Feb-2013 13:37
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*Thumbs up* thank you for the info. :)
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Geneva88
Member |
26-Feb-2013 13:31
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This yr it had not been announce yet. For the past few yrs CD is around May | ||||
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tkc_drew
Member |
26-Feb-2013 13:19
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btw do you have any info or anyone has any info when Cum Dividend (CD) is coming? Because i realize, sembmar, dividends is in may but now already CD le.... hmmmm
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