| Latest Forum Topics / Sino Grandness Last:0.02 -- |
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3988 hk and its hk share listing
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Aizai8
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09-Jul-2017 12:51
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HHL I am not Loquatfan. Not surprising coming from you. The quality of your assumption, observation and conclusions is consistent with those for Sino Grandness and Garden Fresh. The main point from Sino Grandness' recent announcement is that the outstanding bonds were restructured into preference shares. Preference share shareholders rank after bonholders in terms of assets distribution when the company liquidates. Bondholders will get 100% of the amount owing before preference share shareolders get anything.  
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HuathuatLeo
Elite |
08-Jul-2017 20:52
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Aizai praising yourself ah?
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Aizai8
Member |
08-Jul-2017 18:57
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The Nextinsight article is unlikely to be a paid report. If Sino Grandness issues a summary on the 8-page nnouncement via SGX, it is free. Why should they pay? Also SGX has a much wider audience than Nextinsight. Loquatfan' s article really benefited a lot of investors who did not read or understand the 8 page announcement by Sino Grandness.  
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Tommy12356
Master |
07-Jul-2017 23:59
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23.5 buy
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SgTrader17
Elite |
07-Jul-2017 19:01
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This week volume is low.
Hope to see better voulme next week and if any news to come. Expecting some news in July. Whether be it online platform new partnership, or the deal on the longan essence with the Thais, or any others. Range of trading nowadays around 23cts to 25cts to 27cts, within this 4cts. |
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SgTrader17
Elite |
07-Jul-2017 17:24
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Correction:
It's 400,000 shares done. Not 40,000 shares. Big difference
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SgTrader17
Elite |
07-Jul-2017 17:22
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Over 40,000 shares done at last trading minutes.
Perhaps Contra players selling out on last trading day, but still managed to closed at 24cts. Price check: 23.5cts - 24cts Difference: +0.5cts Volume: 1200+ Status: Listed. Hypocrites still can't do much to bring price down. Talk is just worth that much. Real investors refused to let price dip down. Cheers |
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HuathuatLeo
Elite |
07-Jul-2017 17:07
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no leh, Loquat fan is not leong chan teik. But you are right that he is from Nextinsight. He can offer you pisang raja from his garden. lol. Leong chan teik knows Aizai, leeeta and several others.
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SgTrader17
Elite |
07-Jul-2017 16:40
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If .... He is paid to do such positive reports, at least something to understand.
And his report are also using real data and scenarios. Worst, are those using fake scenarios like product recall, share suspended ... Etc ... And not being paid. These hypocrites are jokers. ~~~ hahahaha ~~~ |
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alexchew
Master |
07-Jul-2017 15:16
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there' ' s one guy nick call leong... talk quite sensible. Maybe u r referring to him? | ||||
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Superkilat
Elite |
07-Jul-2017 15:12
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Paid to himself? Loquat fan ,the writer is Mr Leong Chan Teik. He is co founder of nextinsight. He is also in SJ. His nickname is .......Hahaha | ||||
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tankookoo
Master |
07-Jul-2017 14:52
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Nowsday, got paid research, paid articles...etc.. Must be wary not to follow blindy.  
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mepkoh
Elite |
07-Jul-2017 14:18
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paid analyst??
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SgTrader17
Elite |
07-Jul-2017 14:09
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Zan, longterm, invest,
Thanks for sharing ... Cheers. I ve same views as you guys. Bond restructuring is a good deal and company is in better position now, financially n in terms of bargain powers. Why no big pump on the stock? I think, many retail investors are waiting for more concrete evidence or news from Sino Grandness (to announce on SGX). Just same, there's no more dumping on the stock, like the previous months during pre rights issue. Cheers. |
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zandlery
Supreme |
07-Jul-2017 13:41
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Anyway, I realise something about nextinsight.
It look like a platform for interest parties to promote a stock. Observe frequent occasion when an positive article about certain stock start to surface on that website, after a moment, there were someone pumping the stock. A stock price movement not only affect by textbook analyses of fundamentals. Also more often due to interest parties stiring........so those textbook theory aside, what is the chance of another pump coming? |
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Longtermer
Elite |
07-Jul-2017 10:50
Yells: "A disciplined investor is a wealthy investor" |
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Like to share some views here too.. Yes, agree that the restructure is already done and It could have been a .. no deal vs bad deal vs good deal. In this instance, the deal is definitely good for the company. I was asking why the bondholders' support for the company are so strong? Are they now taking more or less risk? Are there not so many short reports and rumors about the company and its CEO? Isn' t not the IPO application lapsed and yet the bondholders keep their faith? I think its all about bargaining power. The bondholders is likely to assess that company is progressing well, its business plan intact and possibly coming to achieve their target. And of course, the company must also have the resources to redeem its bonds when going into the negotiation. This episode is a very good development and highly significant and this i do agree with the article writer. Cheers.   |
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investshare
Supreme |
07-Jul-2017 09:41
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My view :
1. The bond restructure is definitely good for company vs no deal, as it buys time. Note the comparison is vs no deal. In absolute term, we would not know if this is sufficient to bring company out of woods or not. 2. Don't read too much in 'bond holder has confidence'. The bonds holder were after equity since day one, but just put on extra protection. I am not saying that it is no good, but that these bond holders are not usual bond holder who are extremely caution on risk. These are equity investor who are willing to take risk. |
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ETHunter
Master |
07-Jul-2017 09:28
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Abstract from the article..
Second bond restructuring, in 2017  The strong liquidity resources might have strengthened Garden Fresh' s bargaining position, resulting in the following outcomes: (a) Garden Fresh will redeem SB2 (b) the outstanding bonds will be replaced by preference shares (c) another 30 months given to Garden Fresh to apply for listing. Redemption of the preference shares will be either at 9% or 7% depending on certain outcomes.  The interest saving is substantial.  Redeeming the outstanding bonds (aggregate principal amount of RMB 210m) on 28 Feb 2017 at 25% and 20% would cost RMB 535m.  On the other hand, redeeming preference shares on the same date would have cost RMB 317m at 9%, or RMB 290m at 7%. Garden Fresh is now in a better position to redeem, as it takes every 10 years for an amount to double at 7% (whereas doubling happens every three years at 25%, and every four years at 20%). Replacing bonds by preference shares is a major concession from bondholders as shares are riskier from bondholders' standpoint.  CIDB, holder of all 2011 bonds, has made an even bigger concession than 2012 bondholders. It will not be compensated for relinquishing the higher interest rate of 25% relative to the 20% interest rate given up 2012 bondholders.  If Garden Fresh gets listed, preference shareholders will own 16.88% of Garden Fresh, higher than the 14.7% agreed to in the earlier restructuring. This is likely to reciprocate the substantial concessions made by the bondholders.  Conclusion Garden Fresh has grown its business aggressively and, at the same time, gradually pared down its liabilities. The recent, second restructuring is significant. The replacement of high-interest bonds by lower-interest preference shares reflects creditors' growing confidence in Garden Fresh. |
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Aizai8
Member |
07-Jul-2017 08:47
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One of the key observation from the recent restructuring of bonds: Bondholders exchanged bonds for  preference shares. In a company liquidation, creditors including bondholders rank above preference shareholders in the distribution of the net assets of the company. Creditors get 100% of the amounts owed to them (if there are enought funds) before distribution to preference shareholders commences. To take on this increase in risk for the bondholders, bondholders might have reconsidered the points raised by cccx123 in his 07:35 post this morning. cccx123, you used the words bond defaults. You might have misrepresented and this is very misleading. Or do you mean bond restructuring?   |
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SgTrader17
Elite |
07-Jul-2017 08:12
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Thanks for sharing, bro.
I am thinking of ordering it. See if it will ship over to Singapore. I Shld try the product personally, hear say no use.
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