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China Milk

hyruga
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02-Jun-2010 09:06

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You can still buy china dairy.

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Hulumas
Supreme

01-Jun-2010 19:07

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Yells: "INVEST but not TRADE please!"

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Is that edible cheese?

knightrider ( Date: 13-May-2010 13:57) Posted:

The milk is drying out, left cheese !

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alexchia01
Elite

01-Jun-2010 18:19

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Yells: "Catch The Stars And Ride With Them"

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Now, you want to touch also cannot touch.

But, I sure many shareholders are willing to sell to you for scrap.

E-war ( Date: 01-Jun-2010 18:15) Posted:

To date, when i'm in China, I DO NOT buy milk to drink. And I'm guessing there r many mes ard. Thus no point touching this counter for me.

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E-war
Veteran

01-Jun-2010 18:15

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To date, when i'm in China, I DO NOT buy milk to drink. And I'm guessing there r many mes ard. Thus no point touching this counter for me.

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stkoh78
Member

01-Jun-2010 08:55

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New updated from the site but nothing special .

http://chinamilk.listedcompany.com/news.html/id/211832

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iPunter
Supreme

15-May-2010 19:36

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This has nothing to do with this counter...

But the recent melamine-in-milk-powder incident does not inspire

very many people to be very interested in milk.

But goat milk is superb, though more expensive..

Maybe drinking cow milk can make people bullish in outlook... Smiley

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alanalanlee
Member

15-May-2010 19:12

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so this counter still got hope anot?

stkoh78 ( Date: 13-May-2010 18:34) Posted:

Beside money... they also have shifted the cow to another farm. Why do SGX only ask them question for the feb and them slowly forget it .

beruangface ( Date: 13-May-2010 12:47) Posted:

yes, money is still going out from the bank account

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stkoh78
Member

13-May-2010 18:34

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Beside money... they also have shifted the cow to another farm. Why do SGX only ask them question for the feb and them slowly forget it .

beruangface ( Date: 13-May-2010 12:47) Posted:

yes, money is still going out from the bank accounts

albeniz ( Date: 13-May-2010 12:35) Posted:

Counter still suspended.

Is the company still physically around and operating?

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knightrider
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13-May-2010 13:57

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The milk is drying out, left cheese !

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beruangface
Senior

13-May-2010 12:47

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yes, money is still going out from the bank accounts

albeniz ( Date: 13-May-2010 12:35) Posted:

Counter still suspended.

Is the company still physically around and operating?

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albeniz
Member

13-May-2010 12:35

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Counter still suspended.

Is the company still physically around and operating?

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star-trader
Senior

24-Apr-2010 14:02

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I just saw this post when happened to browse through China Milk's forum.

No,niuyear. You don't make profit at all and you don't need to pay back anyone as it is already worthless. As Short Sellers own nothing because of the company has already delisted or bankrupt. Get what I meant?

Thanks, Star-Trader

niuyear ( Date: 20-Apr-2010 13:05) Posted:

interesting,! that means to say , you make 100% profit if company go delisted ?

But, wont the shares you borrowed from someone, that 'someone' has less share to sell?

star-trader ( Date: 16-Apr-2010 20:51) Posted:

Short Sellers will own nothing,nil/zero.

When you short sell, you actually borrow the shares which in turn sell them in the stock market..If you want to relinquish your shares, you got to buy back the same number of shares to repay the person/brokerage whom you borrowed from. If you got back the shares at a much lower price which you first sold it, you will receive the difference, selling short is a method to profit from a stock that the price is falling. So what happen if the company is delisted or go bankrupt? It means that you don't have to pay back anyone because the shares are already not worth the value, or worthless..

Hope it clarifies or alternatively, check with your broker for a clearer picture on this.

Star-Trader

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grandmaster89
Veteran

23-Apr-2010 14:20

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Page 3 of the announcement shows their bank balance amount for Feb 2010 and Dec 2009. 2Q 10 (Sept 09) figures are available in their financial statements in SGX.

stkoh78 ( Date: 23-Apr-2010 09:21) Posted:

Grandmaster89 , where did you got these cash figure from. The link didn't show how much they have in their account .

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wishbone
Master

23-Apr-2010 12:05

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It is definitely NOT in their dictionary.

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AnthonyTan
Elite

23-Apr-2010 11:51

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Yells: "patience"

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From the previous lessons learnt, anything

regarding finances in S-chips shares cannot

be taken for granted. Where r the good

governance.

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stkoh78
Member

23-Apr-2010 11:32

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A lot of money seen to have moved to another place. Within 6 mths the cash was reduced from 20.1 billion RMB to 0.38 billion . Something is brewing inside.

grandmaster89 ( Date: 22-Apr-2010 23:20) Posted:

Cash @ 31 Sept 09 was RMB 2.01 billion

Cash @ 31 Dec 09 was RMB 0.50 billion

Cash @ 28 Feb 10 was RMB 0.38 billion

Were the remaining RMB 1.5 billion cash used to pay off the CB ?

beruangface ( Date: 22-Apr-2010 23:00) Posted:

Health screening done, cow is healthy and certified as CASH COW....huat ahh!

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_5463C4F250286AAA4825770D004B6BB8/$file/CM_CashAuditAnnc.pdf?openelement

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stkoh78
Member

23-Apr-2010 11:27

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0.38 Billion RMB dollar convert to US dollar is only about 56-57 US Million dollar , so they are still have problem in paying the whole bond payment back .

alanalanlee ( Date: 23-Apr-2010 09:53) Posted:

if is a cash cow..why don't they pay off the debt..

is it really because they cannot get $ out of china?

Really praying hard that it will resume trading soon.

beruangface ( Date: 22-Apr-2010 23:00) Posted:

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alanalanlee
Member

23-Apr-2010 09:53

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if is a cash cow..why don't they pay off the debt..

is it really because they cannot get $ out of china?

Really praying hard that it will resume trading soon.

beruangface ( Date: 22-Apr-2010 23:00) Posted:

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stkoh78
Member

23-Apr-2010 09:21

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Grandmaster89 , where did you got these cash figure from. The link didn't show how much they have in their account .

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ah_seng1001
Senior

23-Apr-2010 00:25

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But then now comes the question of wth is ChinaMilk doing with all that cash?? Let it sit back and not repay the CB?? Management also not doing their job properly..

Well, seems like some clear skies should appear for ChinaMilk.. Believers in CM unite !

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