China Fishery    Last:0.076   -

China Fishery - Low PE

Short seems to be the way to go for fishery , env and rex

 

Ran out of stream at the close...:(

 

20 cents coming. Very bullish after moodys downgrading. .

 

Maintain BUY before it goes up higher.

 

Uptrend ongoing ! If can sustain, near term resistance1 at 0.150. 

 

Haha, thanks for helping me make your selling......at least today make from this counter....lol

appleronaldo      ( Date: 20-Oct-2015 07:48) Posted: Will we see the sell-off today?? stockpicker      ( Date: 17-Oct-2015 09:13) Posted: The NAV is 0.82 and the company eps is around 2 cts.  Except at this earning rate,  it will never hope to repay the loans.  Price will go nowhere unless it could either have more catch or someone comes to bail them out..

 

Good run for china fishery..gogogo..

 

Eh what happen? Aren' t you suppose to sell? How come sell until hit 9.8 cents?

appleronaldo      ( Date: 20-Oct-2015 07:48) Posted: Will we see the sell-off today?? stockpicker      ( Date: 17-Oct-2015 09:13) Posted: The NAV is 0.82 and the company eps is around 2 cts.  Except at this earning rate,  it will never hope to repay the loans.  Price will go nowhere unless it could either have more catch or someone comes to bail them out..

 

Will we see the sell-off today??

stockpicker      ( Date: 17-Oct-2015 09:13) Posted: The NAV is 0.82 and the company eps is around 2 cts.  Except at this earning rate,  it will never hope to repay the loans.  Price will go nowhere unless it could either have more catch or someone comes to bail them out.. Observers      ( Date: 16-Oct-2015 19:21) Posted: So much bad news, one after another and the share price only drop 0.1 cents today. Why you all never sell/short?

 

The NAV is 0.82 and the company eps is around 2 cts.  Except at this earning rate,  it will never hope to repay the loans.  Price will go nowhere unless it could either have more catch or someone comes to bail them out..

Observers      ( Date: 16-Oct-2015 19:21) Posted: So much bad news, one after another and the share price only drop 0.1 cents today. Why you all never sell/short?

 

So much bad news, one after another and the share price only drop 0.1 cents today. Why you all never sell/short?

 

They were ok before buying over Copeinca.. the net ebitda debt ratio was less than 4.0.. last year was about 8.0.. this quarter jumped to over 20 and they are borrowing more to tie over the El-nino.. look like once in debt,  forever in debt..

 

What the hell? Kena downgraded to Caa1by Moody.. Si Liao..

 

Less fishes, higher price like palm oil. Used to buy cod fish at $50 per kg just few months back, and price has risen to $60 per kg lately. Same for other fishes.

 

One point to note is the mentiion of the impact of EN.  Seems to imply that it' d hurt profitability more than expeected perhaps.  So, exercising prudence may be best. 

Observers      ( Date: 09-Oct-2015 15:44) Posted: No one read their SGX announcement last night?   (1) Commencement of discussions with certain bank lenders of the Group The board of directors (the &ldquo Board&rdquo ) of China Fishery Group Limited (the &ldquo Company&rdquo and together with its subsidiaries, the &ldquo Group&rdquo ) wishes to inform shareholders of the Company (&ldquo Shareholders&rdquo ) that in line with our cash flow management and our assessment of the cash flow requirements of the Group, in particular, in view of the potential negative impact of the predicted strong El Niñ o in Peru in near term, in addition to considering other available alternative financing arrangements, the Company has commenced discussions with certain bank lenders of the Group regarding additional financing and supplements and amendments in respect of its borrowings. The Company considers this to be a prudent approach to cash flow management. This is also in line with the Group&rsquo s ongoing objective of managing the maturity of its borrowings to optimise the use of available cash over the next few years. Shareholders and potential investors of the Company are advised to exercise caution when dealing in the shares of the Company. Shareholders and investors are also advised to read this announcement and any further announcements made by the Company carefully, and where in doubt as to the action that they should take, they should consult their financial, tax or other professional adviser immediately.

 

You think business activities like that children play games?

moron101      ( Date: 10-Oct-2015 14:30) Posted: CAD case still not end yet. Bank still want to loan?

 

CAD case still not end yet. Bank still want to loan?

 

No one read their SGX announcement last night?

 

(1) Commencement of discussions with certain bank lenders of the Group

The board of directors (the &ldquo Board&rdquo ) of China Fishery Group Limited (the &ldquo Company&rdquo and together with its subsidiaries, the &ldquo Group&rdquo ) wishes to inform shareholders of the Company (&ldquo Shareholders&rdquo ) that in line with our cash flow management and our assessment of the cash flow requirements of the Group, in particular, in view of the potential negative impact of the predicted strong El Niñ o in Peru in near term, in addition to considering other available alternative financing arrangements, the Company has commenced discussions with certain bank lenders of the Group regarding additional financing and supplements and amendments in respect of its borrowings.

The Company considers this to be a prudent approach to cash flow management. This is also in line with the Group&rsquo s ongoing objective of managing the maturity of its borrowings to optimise the use of available cash over the next few years.

Shareholders and potential investors of the Company are advised to exercise caution when dealing in the shares of the Company. Shareholders and investors are also advised to read this announcement and any further announcements made by the Company carefully, and where in doubt as to the action that they should take, they should consult their financial, tax or other professional adviser immediately. 

 

Perhaps time for price to recover above 9c and kill the shortists?

 

It should be.

think2profit      ( Date: 09-Oct-2015 11:09) Posted: Isn' t it the world largest fishing company now? huafaster      ( Date: 09-Oct-2015 11:03) Posted: Actually this is super undervalued co. If it lists in China, it should be flying to the moon, but in Singapore, it has been destroyed so badly, this is why almostly no China co come to Singapore board.