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ynnek1267 Master	16-Jan-2013 11:04        ynnek1267 About Contact  Quote this Post!
x 0   x 0  Alert Admin	YZJ is singing no money no money, i want money. Why you buy YZJ? because you believe they have billion cash in bank. but now they are asking million from you. A billionare ask million for you, what you will think? oldflyingfox      ( Date: 16-Jan-2013 10:58) Posted: The exercise prise is not S$1.23 but about S$1.5, (Warrant Strike Price is RMB7.617). So in order for Citi to sell it to institutional investors and accredited investors, the share price must be close to S$1.5 and with " story" of growing much more than that. It's funny that market sell down on such good news, maybe it is a chance to get more but must have holding power to ride it. phil1314      ( Date: 16-Jan-2013 10:41) Posted: Could it be institutions delinerately shortsell to buy later at bottom prices then deliberately push price up to warrant exercise price level thereafter exercise warrants at $1.23 and exit market with handsome profits? Some analysts recently set TA at around $1.56 level if I am not wrong
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oldflyingfox Master	16-Jan-2013 10:58        oldflyingfox About Contact  Quote this Post!
x 0   x 0  Alert Admin	The exercise prise is not S$1.23 but about S$1.5, (Warrant Strike Price is RMB7.617). So in order for Citi to sell it to institutional investors and accredited investors, the share price must be close to S$1.5 and with " story" of growing much more than that. It's funny that market sell down on such good news, maybe it is a chance to get more but must have holding power to ride it. phil1314      ( Date: 16-Jan-2013 10:41) Posted: Could it be institutions delinerately shortsell to buy later at bottom prices then deliberately push price up to warrant exercise price level thereafter exercise warrants at $1.23 and exit market with handsome profits? Some analysts recently set TA at around $1.56 level if I am not wrong. neo8180      ( Date: 16-Jan-2013 10:35) Posted: 20mil is not a lot, hope not something fishy going on...
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neo8180 Member	16-Jan-2013 10:54        neo8180 About Contact  Quote this Post!
x 0   x 0  Alert Admin	when you are the 1st out of the room, it is not panicking! but l, how about 1st one chiong in? small bet, bought some at 1.20, 1.30. cross fingers. s100125      ( Date: 16-Jan-2013 10:40) Posted: especially when big brother like citi show of confident in taking up all the warrant issue , there shouldn't be panic selling.
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phil1314 Senior	16-Jan-2013 10:41        phil1314 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Could it be institutions delinerately shortsell to buy later at bottom prices then deliberately push price up to warrant exercise price level thereafter exercise warrants at $1.23 and exit market with handsome profits? Some analysts recently set TA at around $1.56 level if I am not wrong. neo8180      ( Date: 16-Jan-2013 10:35) Posted: 20mil is not a lot, hope not something fishy going on...
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s100125 Senior	16-Jan-2013 10:40        s100125 About Contact  Quote this Post!
x 0   x 0  Alert Admin	especially when big brother like citi show of confident in taking up all the warrant issue , there shouldn't be panic selling.
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bioer23 Member	16-Jan-2013 10:37        bioer23 About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	no sigh la. you never know it might turn around. YZJ has a good history trend on shooting up during 1st quarter. Flyordie      ( Date: 16-Jan-2013 10:18) Posted: Yes for this. (at 1.105) But still holding 100 lots(long term) Sigh.....  bioer23      ( Date: 16-Jan-2013 09:30) Posted: Managed to cover yesterday
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neo8180 Member	16-Jan-2013 10:35        neo8180 About Contact  Quote this Post!
x 0   x 0  Alert Admin	20mil is not a lot, hope not something fishy going on...
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Peter_Pan Supreme	16-Jan-2013 10:20        Peter_Pan About Contact  Quote this Post! Style: Flexible   Mood: Yells: "did you order dunkin' donuts"
x 0   x 0  Alert Admin	16-01-2013 09:50:53 Yangzijiang falls after announcing warrants issue plan  SINGAPORE, Jan 16 (Reuters) - Shares in Yangzijiang  Shipbuilding (Holdings) Ltd  fell 7.7 percent to a  one-week low on Wednesday on concerns over the potential  dilution of its stock after it announced plans to issue S$20  million ($16.32 million) worth of warrants.  By 0155 GMT, Yangzijiang shares were at S$1.015, with 48.9  million shares traded, 1.2 times its average daily volume over  the last five sessions.  Yangzijiang said it plans to sell 330 million warrants at  S$0.0605 a piece, and each will carry the right to subscribe to  one new share at 7.617 yuan ($1.23). [ID:nSNZ1V2500]  " There is some uncertainty over why the company is raising  funds. It's not a large amount they are getting and the exercise  price of the warrant is also quite high considering their share  price today," said a local trader.
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s100125 Senior	16-Jan-2013 10:18        s100125 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I think  the board of directors is confident YZJ   will rise to that level.   akchua      ( Date: 16-Jan-2013 10:11) Posted: Hi Paul, you are right, the mother share is definitely better. Warrants is a leveraging tool, you are paying 6.5cent for the right of YZJ. You can buy 15 times more using same amount of cash. If you are confident YZJ will rise beyong $1.565 in 3 years time,  it is a good catch actually. paul1688      ( Date: 16-Jan-2013 10:02) Posted: Any idea how warrants are issued? By open subscription  as as rights to existing YZJ shareholders? Overall this means you buy warrants, you are in theory buying mother share at $1.56.  The gap between conversion price and current price seems too high with a 3-year time premium.  Hopefully some analysts will use methods like Black-Scholes to calculate what should be " fair price" for warrant.  Seems like mother share the better play.  Disclaimer : not vested.
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Flyordie Veteran	16-Jan-2013 10:18        Flyordie About Contact  Quote this Post!   Mood: Yells: "Sifu, Online !!!! Sea Pek Urgent !!!!"
x 0   x 0  Alert Admin	Yes for this. (at 1.105) But still holding 100 lots(long term) Sigh.....  bioer23      ( Date: 16-Jan-2013 09:30) Posted: Managed to cover yesterday? Flyordie      ( Date: 15-Jan-2013 13:17) Posted:     BS6     YANGZIJIANG   SG  Buy   100,000    SGD  1.085    Cash    100,000    SGD  1.085        FILL    15-01-2013    11:27:08 AM    Buy | Sell        冷 静 ,  不 要 惊 慌 ...
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akchua Senior	16-Jan-2013 10:11        akchua About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi Paul, you are right, the mother share is definitely better. Warrants is a leveraging tool, you are paying 6.5cent for the right of YZJ. You can buy 15 times more using same amount of cash. If you are confident YZJ will rise beyong $1.565 in 3 years time,  it is a good catch actually. paul1688      ( Date: 16-Jan-2013 10:02) Posted: Any idea how warrants are issued? By open subscription  as as rights to existing YZJ shareholders? Overall this means you buy warrants, you are in theory buying mother share at $1.56.  The gap between conversion price and current price seems too high with a 3-year time premium.  Hopefully some analysts will use methods like Black-Scholes to calculate what should be " fair price" for warrant.  Seems like mother share the better play.  Disclaimer : not vested.
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smallchap Member	16-Jan-2013 10:11        smallchap About Contact  Quote this Post!
x 0   x 0  Alert Admin	Private placement. Will not be listed in SGX.  paul1688      ( Date: 16-Jan-2013 10:02) Posted: Any idea how warrants are issued? By open subscription  as as rights to existing YZJ shareholders? Overall this means you buy warrants, you are in theory buying mother share at $1.56.  The gap between conversion price and current price seems too high with a 3-year time premium.  Hopefully some analysts will use methods like Black-Scholes to calculate what should be " fair price" for warrant.  Seems like mother share the better play.  Disclaimer : not vested.
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aimtowin Member	16-Jan-2013 10:07        aimtowin About Contact  Quote this Post!
x 0   x 0  Alert Admin	1.2 The Company has appointed Citigroup Global Markets Limited (“Citi”) as placement manager for the Warrant Issue. The Company has entered into a subscription agreement dated 15 January 2013 with Citi (“Subscription Agreement”), pursuant to which Citi has agreed to subscribe for all the Warrants upon and subject to the terms and conditions of the Subscription Agreement. aimtowin      ( Date: 16-Jan-2013 10:04) Posted: Straight forward ... If there is no upside why would Citibank be buying? If we know a company wouldn't have prospect I would put my money in... Looking at entering more...
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akchua Senior	16-Jan-2013 10:04        akchua About Contact  Quote this Post!
x 0   x 0  Alert Admin	Expiring at 29 April 2016. I will be talking to my Citi broker. Very confident YZJ will exceed $1.565 from now till the expiring date. The warrant is a good catch, just 6.5 cents. Price is not capped at all.   pseudo      ( Date: 16-Jan-2013 09:55) Posted: 1.56 plus warrant cost. But expire at god knows when. Meaning price is capped? akchua      ( Date: 16-Jan-2013 09:51) Posted: Yes. Citi must be very confident YZJ will goes beyong $1.50 since they are holding all the warrants. People should be buying instead of selling.
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aimtowin Member	16-Jan-2013 10:04        aimtowin About Contact  Quote this Post!
x 0   x 0  Alert Admin	Straight forward ... If there is no upside why would Citibank be buying? If we know a company wouldn't have prospect I would put my money in... Looking at entering more...
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paul1688 Senior	16-Jan-2013 10:02        paul1688 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Any idea how warrants are issued? By open subscription  as as rights to existing YZJ shareholders? Overall this means you buy warrants, you are in theory buying mother share at $1.56.  The gap between conversion price and current price seems too high with a 3-year time premium.  Hopefully some analysts will use methods like Black-Scholes to calculate what should be " fair price" for warrant.  Seems like mother share the better play.  Disclaimer : not vested.
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ynnek1267 Master	16-Jan-2013 10:00        ynnek1267 About Contact  Quote this Post!
x 0   x 0  Alert Admin	The real story shall be The container vessel building worsen continually over the next few years, the board believes that the net proceeds from the warrant issue is urgently require to rescue the extremely tight working capital of the comapny and the proceeds arising from the exercise of the warrants will rescue the capital base of the company and to protect the company for facing bankrupt situation. Ask youself, a company every year earn money since IPO, now looking for money and it is only little money, how bad the company situation are. pseudo      ( Date: 16-Jan-2013 09:46) Posted: “With the expectation that the market conditions of the shipping industry will improve gradually over the next few years, the board believes that the net proceeds from the warrant issue will further strengthen the working capital of the company and the proceeds arising from the exercise of the warrants will enhance the capital base of the company and provide additional financial flexibility to the group to facilitate the group's future market expansion and explore potential development opportunities which may be brought to its attention,” Yangzijiang said. http://www.seatrade-asia.com/news-headlines/yangzijiang-to-raise-$15m-from-warrant-issue.html
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pseudo Member	16-Jan-2013 09:55        pseudo About Contact  Quote this Post!
x 0   x 0  Alert Admin	1.56 plus warrant cost. But expire at god knows when. Meaning price is capped? akchua      ( Date: 16-Jan-2013 09:51) Posted: Yes. Citi must be very confident YZJ will goes beyong $1.50 since they are holding all the warrants. People should be buying instead of selling. Sporeguy      ( Date: 16-Jan-2013 09:36) Posted: Am I right that one has to pay $1.50 for each share using the warrant
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pseudo Member	16-Jan-2013 09:52        pseudo About Contact  Quote this Post!
x 0   x 0  Alert Admin	6c warrant price. sounds like getting money to fund dividend?? Why don't cut dividend abit makes more sense
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wongeric Member	16-Jan-2013 09:51        wongeric About Contact  Quote this Post!   Yells: "go for it!"
x 0   x 0  Alert Admin	48 million shares sold this monry at 7% discount, means 48 million shares bought by someone.
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