| Latest Forum Topics / Pacific Andes Last:0.022 -- |
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Pac Andes
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Observers
Elite |
19-Aug-2015 08:20
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Trading halt! I hope nobody shorted when the price kept falling. 
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Qanghoo
Supreme |
19-Aug-2015 08:09
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Now PA n CFG request for trading halt.  Hmmmmmmmmmmmmmm.  Maybe really go some bad news we do not know abt, but already traded ahead as always by insiders. 
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Qanghoo
Supreme |
19-Aug-2015 07:55
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Bcos the generals are generalists.  Specialists likely to  be more nimble  to steer the coy, hahaha.  Seriously though,  I' m dead sure the share px of  PA n  its baby CFG are being deliberately compressed by some monkeys to force others to let go to them at fire-sale px.  Nothing to do with rmb tweak, especially bearing in mind that the HKD is USD-pegged (PA reports in HKD n CFG reports in USD).  Like I' ve posted earlier somewhere in the Forum, barring  an EN-induced disastrous catch in the forthcoming B fishing season  in Peru,  PA n CFG are gonna achieve much better results for the next few qtrs.    The chng kays know it n are timing  to fix up the share px movements accordingly.  I' ve extracted from CFG' s recent result press release to show that there' s a lot of monkey business going behind the share px of PA n CFG.  U' d notice the favourable tail winds blowing strongly  behind them - solid inventories galvanised by higher fishmeal px n lower costs = expected solid profits going forward.  N very significantly on top of these factors, financial costs are gonna be erased to the tune of USD 30-40 mil/yr.  A word of caution though - don' t jump in too fast -  watch out for the chng kays' landmines along the way.    Extract from CFG Press Release There was a significant increase in the Anchovy catch in the Group&rsquo s expanded Peruvian Fishmeal and Fish oil operations during the important A Season in Peru. China Fishery caught 421,800 tons or 97% of its quota in the North Centre fishery by 28 June, and completed 100% of the quota a few days later. The Group caught 31,179 tons in the South fishery during the quarter, which is 14 times the catch in the same quarter in 2014. " We were very pleased to achieve the highest Anchovy catch for the last three years in Peru&rsquo s most important A fishing season. Overall, this has enabled us to produce nearly 150,000 tons of Fishmeal from the A season," said Mr. Ng Joo Siang, Group Managing Director. " We have ended the quarter with solid inventories of both fishmeal and fish oil to meet future demand," said Mr Ng. " In addition, our relentless focus on increased efficiency in Peru is paying dividends. Production efficiencies have delivered a reduction in production cost from US$1,340 to US$1,224 per ton of fishmeal," said Mr Ng.  (Qanghoo' s note :  SP USD1,600/ton - CP USD1,224/ton x 150k tons inventory = gross profit  USD56.4 mil  or SGD79 mil) A large proportion of fishmeal is sold in China for use in aquaculture feed. With the normalization of fishmeal production in Peru from April 2015, the market price for fishmeal appears to have stabilized at US$1,600/ton in mid-June 2015. This is despite a temporary softening of demand for fishmeal in China during the quarter, a result of the sustained heavy rainfall in southern China which has delayed the commencement of the aquaculture season in several major production regions. That notwithstanding, the price of US$1,600 per ton is still above the average price of US$1,468 over the last 5 years.
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beginners
Veteran |
19-Aug-2015 01:32
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The useless 3 star general can step Liao. Or he also can join the other 3 star general in NOL.
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lglg666
Supreme |
18-Aug-2015 23:59
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Sooner or later...with 10 to 1 ratio, then back to all hell again after kena attack by shortists
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lglg666
Supreme |
13-Aug-2015 14:14
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Sure to have share consolidation for this one...a bear trap for retailers
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beginners
Veteran |
13-Aug-2015 09:17
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Maybe likely to 0.04 or 0.03. Share consolidation also possible. | ||||||||||||||||||
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Qanghoo
Supreme |
13-Aug-2015 06:46
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That' s why when px was being pumped up i voiced my caution.  But now  I' m convinced they have turnedd the corner.  N provided EN doesn' t throw another spanner in the works, the next few qtrs are gonna tell a more cherry story.
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lglg666
Supreme |
12-Aug-2015 23:14
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Another bear trap...shit counter
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tomhanks
Master |
12-Aug-2015 20:32
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Noted this counter at .052 range last november....I am just thinking whether i was wrong then or right now...What a market!! sucks big time. No hope?   |
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Qanghoo
Supreme |
12-Aug-2015 18:29
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I think people are finding excuse to press the px down - easier to do given the sh*t macro situation in the global financial mkts.  Hopefully, it will spring back when the next financial report card paints a better picture (I think shd be substantially better).  So, hope u guys are able to cheer up a bit (I know it' s easier said than done). 
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Qanghoo
Supreme |
12-Aug-2015 18:24
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But the result is not unexpected given that we know, or ought to have known, that the 2014 B  fishing season in Peru was cancelled.  Going forward, the result will be good.  My own guess is that overall profit for the whole FY cld come close, if not match, last FY' s. 
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outlook
Senior |
12-Aug-2015 17:44
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I think selling is overdone. At least it is not making losses if I am correct.
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Stocky901
Supreme |
12-Aug-2015 17:06
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Today's drop mainly due to super poor results.. same as china fish gp. | ||||||||||||||||||
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outlook
Senior |
12-Aug-2015 12:23
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Slowly recovering. Now 0.049
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fruitfulness
Veteran |
12-Aug-2015 12:17
Yells: "May the Lord God establish the works of my hands!" |
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Time to bottom fish? General market sentiment is not good. Better to wait for a week or two more?   Still eyeing this stock ... miss the chance during the last run from 4.9 to 7.x.   Not vested. |
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Lucky34
Member |
12-Aug-2015 11:58
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I felt u. Me too. Vested at 0.062 n it kept on dropping. 😢
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treetops
Elite |
12-Aug-2015 11:55
Yells: "Moments Today, Memories Tomorrow!" |
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treetops
Elite |
12-Aug-2015 11:53
Yells: "Moments Today, Memories Tomorrow!" |
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lglg666
Supreme |
12-Aug-2015 11:47
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Just crazy....way the price kept on dropping. I vested at 6c recently becoz it was cheap....now it's cheaper, can only cursed myself for pulling the trigger too fast. Was thinking of ave down this morning but balls shrinked ha ha. Same for China fishery....bought at 20c but same wrong move as its now at 16.2c. Bloody shit stocks....a trap
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