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handon trading...
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Jackpot2010
Master |
20-Sep-2010 21:26
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B4 the rights issue, Majority shareholders owns >40% vs public <60%. The rights issue was price at 12c almost same price as mother share - done on purpose! Retail investor may be detered to subscribe (bcos of price = mother share) then the majority shareholder will wallop everything, so easy for them to gain >51% control at a very cheap price. When the dust is settled (in couple of mths), they will push this counter higher, much higher....just mark my words! Bottomline: bought another 200k lots rights at 0.005 today, total holding now = 450k rights to subscribe b4 next Friday deadline. |
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freeme
Elite |
20-Sep-2010 20:31
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judging from the performance of S-chip.. this should run up faster than other previous counters whom issue rights.. last chance to buy in maybe is when the rights shares are listed.. maybe there will be alittle selling down for ppl to take profit. but dun expect that the bring down the px much.. bec this counter is truely super under value..
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tkimcs
Member |
20-Sep-2010 12:51
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I saw this posting quite late. Is this too late for me to invest for middle term target after the right issue? Believe it will soften abit, right? Any sifu to advice? Thanks. |
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Jackpot2010
Master |
20-Sep-2010 10:16
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Reminder: Rights last day trading : Today, 20 Sep 5.00pm end. Payment via EPS by: Friday 24 Sep 5pm. 0.5c rights + subscribe 12c = total cost 12.5c is a big bargain! |
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Jackpot2010
Master |
17-Sep-2010 17:46
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Before rights issue 2Q10 result = ZERO gearing. Net cash = 313m Yuan (up from 206m Yuan in 2Q09). After rights issue of 12c 1-for-2. Net cash per share is about 18c out of the NAV of 30c post rights. Very Good Buy! Why rights issue then? must be for expansion or new plants, but don't worry too much or else will miss this boat. |
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freeme
Elite |
17-Sep-2010 17:20
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oh okie.. thats means sense. and the nav is abt 1.49 RMB after rights, so covert is abt 30cts.. right?
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Jackpot2010
Master |
17-Sep-2010 16:47
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Yes, here is the trick! Bcos retail investor got burnt badly by CP, they either sell their entitlement at 0.5c or throw away. So I bought 250 lots rights to apply for 500 - just trying my luck. One more pt - this right issue is not underwritten. That means the majority owner is so confident they can take up all & then privatise it, maybe. Very sure can't find any cheaper than this - Good Value, will hit >20c! |
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freeme
Elite |
17-Sep-2010 16:40
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buy rights can apply excess meh?
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Jackpot2010
Master |
17-Sep-2010 16:33
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BUY, can't be wrong ! Just bought 250 lots rights @ 0.05c - to apply for excess rights x2. NAV = 41c + Low PE + good Div yield. Current price depress by rights issue but likely to hit >20c, within mths not yrs! |
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freeme
Elite |
17-Sep-2010 12:14
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load up its rights.. time to hold it liao.. best timing ;) 0.125 cts only.. cheap n good.. hard to find |
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handon
Master |
18-Aug-2010 21:47
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BOSS SAY GO AHEAD.... HOLD DUN SELL.... NONE CAN TRY SOME..... 
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handon
Master |
06-Jul-2010 21:33
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eat until vomit... is this so lousy??? | ||
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tedlim_me
Senior |
27-Sep-2009 00:59
Yells: "there is no equity in the equity markets" |
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hi raymond.. i pm u my opinion..
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raymondho
Senior |
27-Sep-2009 00:11
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Hi! Tedlim How this piece of news related to China Paper's price ? Do you take it a good news? Price surged! I get rid of it days before althoght I paid also 0.30 in the past and swifted to add on to China Power Plus. For which I think may have better room for uptrend. Hope to see it improves to benefit those still holding on. |
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tedlim_me
Senior |
26-Sep-2009 14:21
Yells: "there is no equity in the equity markets" |
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Think there are some relations to this counter.. From WSJ: PITTSBURGH -- Three paper companies and the United Steelworkers have filed an antidumping case against China and Indonesia, making good on the union's threat to protect other U.S. industries after winning a recent trade decision against China. The petitioners said the timing of their complaint, made Wednesday on the eve of the G-20 economic summit here, was coincidental. But it threatens to raise tensions between the U.S. and its trading partners, particularly China, which is smarting from President Barack Obama's decision this month to place hefty tariffs on imported Chinese tires. The complaint alleges China and Indonesia have been dumping tons of shiny, coated paper used, for example, in car brochures and annual reports. The case is being pursued through a different legal avenue than the one that yielded the tire tariffs and doesn't require approval by Mr. Obama. But it nonetheless puts the White House in a delicate position, especially since Chinese delegates are expected to confront the administration with allegations of protectionist moves by Washington. Leaders of the G-20 have pledged to resist efforts to curb job losses in their countries by restricting access to their markets. A White House spokesman declined to comment. Gilbert B. Kaplan, a Washington attorney for the petitioners, said the complaints weren't timed to the G-20 economic summit. He said the four separate petitions alleging dumping and subsidies by the two countries -- totaling more than 2,000 pages -- "have been prepared for some time." The companies need to prove to the U.S. Commerce Department that the governments of China and Indonesia provided subsidies to coated-paper producers, and that imports were sold in the U.S. at prices below the home-market price or the cost of production. The petitioners also need to show the U.S. International Trade Commission that the paper imports caused material injury to the American market or threaten to. "We have very strong evidence on all the factors which are necessary to prove this case," Mr. Kaplan said. A spokesman for Indonesia's Trade Ministry declined to comment because the government hadn't yet viewed the antidumping petitions. A spokesman at the Chinese Ministry of Commerce said: "The rising trade protectionism is worrying. The U.S. should be aware that trade protectionism is a double-edged sword and will do no good to either side." The tire case was brought under a special provision for countries to temporarily shield their markets from disruptions caused by China's entry into the global trading system. The paper case, by contrast, is a more conventional trade dispute. The case highlights the growing role of labor unions in U.S. trade issues. During last year's election campaign, Mr. Obama promised to get tougher on trade -- a pledge that won him union votes. Unions now want him to make good on his promise and viewed the tire tariffs as a crucial step. "Neither the companies nor the union will tolerate being obliterated without asking our government to investigate and enforce the rules of fair trade," said Leo Gerard, president of the Steelworkers union. The Steelworkers represent about 6,000 hourly workers at paper mills in nine U.S. states operated by the three companies that joined in the complaint. The filings claim that imports of coated paper grew nearly 40% in the first six months of 2009 -- to 185,422 tons -- compared with the same period last year; shipments by domestic producers, at the same time, were estimated to have fallen by about 38%. China and Indonesia are thought to account for nearly 30% of the U.S. market for coated paper in the first half of 2009, nearly double their share from the first half of 2008. Total U.S. sales for coated paper in 2008 were estimated at $1.8 billion. This isn't the first time the U.S. has wrangled with China and other Asian producers over coated paper. In 2007, the Commerce Department slapped temporary tariffs on coated paper from China, Indonesia and South Korea, after U.S. producers made similar claims. The decision was later reversed by the U.S. International Trade Commission. Mark Suwyn, executive chairman of NewPage Corp., one of the paper companies that filed the petitions, said the trade conditions of 2007 have grown more severe. He estimated that three-quarters of coated-paper imports are from China, which has invested in factories capable of producing far more paper than the country can use. Mr. Suwyn said the rapid growth of Chinese paper imports -- estimated at $269 million in 2008 -- showed that paper was being dumped. "It's a commodity business," he said, "so the only way they could grow that big is by coming in with predatory pricing." The other paper companies involved in the case are Appleton Coated LLC of Kimberly, Wis., and Sappi Fine Paper North America, the U.S. arm of South Africa's Sappi Ltd. A Commerce Department spokesman said the agency has 20 days to determine if the petitions meet the statutory requirements to begin an investigation. The U.S. companies allege China is unfairly granting subsidies to its domestic paper producers in for the form of low-interest loans, tax subsidies and grants. Similarly, they allege that Indonesian paper companies are benefiting from government loans, as well as timber from government-owned land that is sold at below-market prices. |
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handon
Master |
08-Sep-2009 21:09
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Big deals ??? hehe.... 
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tedlim_me
Senior |
08-Sep-2009 21:06
Yells: "there is no equity in the equity markets" |
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i'm holding at 0.30 since way back in 2007 lor.. grr.. |
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handon
Master |
08-Sep-2009 21:00
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my boss said.... the more ppl sell.... the more my boss makan.... hehe...
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handon
Master |
29-Aug-2009 23:36
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if bot... dun sell.... if not buy... no harm get some.... hehe....
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handon
Master |
06-Aug-2009 21:00
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if you bot... dun sell.... if you dun buy.... no harm buy some with spare $$$ hehe... |
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