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China Fishery Last:0.076 -

China Fishery - Low PE

After purchasing the rights off the open market and getting the confirmation letter saying the number of rights purchased, I just have to go to the ATM to apply and pay as per the process for shares provisionally allocated?

Quite confused cause I was told that I have to do some bank draft and send some form if I bought the rights off the open market.

Yes...Last date and time for splitting and trading of Rights: 8 April 2013 at 5.00 p.m.

Arcturus ( Date: 04-Apr-2013 12:19) Posted:

Will I still be able to trade the rights on Monday 8 Apr? That is the last day for trading right?

Ok, thanks.

ken_boy ( Date: 03-Apr-2013 13:09) Posted:

You won't be entitled to the rights cause it is already XR (ex-rights).. The current price has also factored in the rights issue. As for the payment for shares, it works as per normal.. EPS or Giro is fine depending on the arrangement you have with your brokerage?

dddddd ( Date: 03-Apr-2013 11:44) Posted:

If I buy CF today, do I automatically be subscribed to the rights? For payment of the CF shares, do I need to go ATM to pay or I can just pay as the normal way through our giro account. Please advise as I am new to this. Thanks

You won't be entitled to the rights cause it is already XR (ex-rights).. The current price has also factored in the rights issue. As for the payment for shares, it works as per normal.. EPS or Giro is fine depending on the arrangement you have with your brokerage?

dddddd ( Date: 03-Apr-2013 11:44) Posted:

If I buy CF today, do I automatically be subscribed to the rights? For payment of the CF shares, do I need to go ATM to pay or I can just pay as the normal way through our giro account. Please advise as I am new to this. Thanks

Q: China Fish bottom liao, time to buy?? A: Most likely .... YES.

Blanchard ( Date: 02-Apr-2013 14:16) Posted:

Yeah... NAV per share as adjusted for the rights issue is 0.39 to 0.41 USD.

guoyanyunyan ( Date: 02-Apr-2013 14:03) Posted:

China Fish bottom liao, time to buy?? [link]

Haha dun flatter me.. Anyway, I bought some yesterday, just in case missed the boat. Looking to average by buying the rest on the last day.. Hmm, how come the sentiment for this stock so negative recently? (apart from the acquisition plan). Current stock price seems quite undervalued..

starlene ( Date: 02-Apr-2013 14:42) Posted:

You shd not be ken boy but smart boy..I always buy on last day for nil paid rights,can get cheap and sell new shares normally has profits..by this friday 0.085 maybe..today lowest done is 0.088..coming soon..

ken_boy ( Date: 02-Apr-2013 10:07) Posted:

Hi people, some help needed! First time buying nil-paid rights from the market so am a bit unsure. After I purchased the rights (let's say today), I can directly exercise it by making payment at the ATM? Are there any lapse period which I have to wait before I can convert?
I do understand that the trading of the new shares will only commence on 22th, just uncertain about the exercising of rights bought from
market. Thanks in advance

Yeah... NAV per share as adjusted for the rights issue is 0.39 to 0.41 USD.

guoyanyunyan ( Date: 02-Apr-2013 14:03) Posted:

China Fish bottom liao, time to buy?? [link]

thanks guoyanyunyan!

guoyanyunyan ( Date: 02-Apr-2013 10:25) Posted:

... hi ken_boy...

... yes, just make payment via ATM will do ... no conversion needed ...

Last date and time for acceptance and payment of Rights Shares: 12 April 2013 at 5.00 p.m. (9.30 p.m. for Electronic Applications)

Hi people, some help needed! First time buying nil-paid rights from the market so am a bit unsure. After I purchased the rights (let's say today), I can directly exercise it by making payment at the ATM? Are there any lapse period which I have to wait before I can convert?
I do understand that the trading of the new shares will only commence on 22th, just uncertain about the exercising of rights bought from
market. Thanks in advance!

starlene ( Date: 30-Mar-2013 21:11) Posted:

Aftermath of CF's rights issue.

Kudos to Master Starlene, you are so right in your analysis. I'm sure you are a seasoned player. Thank you all seniors for the contributions, in term of info and advice. Halleluyah is correct, BBs did play funny .... at one stage was trading in a narrow range, and when you take your eye off for a moment, this " sleepy fish" tranform into one of the largest and most beautiful fish in the ocean, The Blue Marlin. Many tried to tame the fish but it continue to charge forward and cross the psychological barrier of $0.60 at the close of the bell. I held my breath all the way to the end .... shiok ... it is like watching a boxing match.

Blanchard ( Date: 15-Mar-2013 23:34) Posted:

Peru's Copeinca Vulnerable to China Fishery Takeover - J.P. Morgan

Mar 15, 2013 (Dow Jones Commodities News Select via Comtex) --By Robert Kozak

Peru's Copeinca ASA, (COP.OS) the second biggest fishing company in the Andean nation, has a fragmented shareholder structure and is vulnerable to a takeover, J.P. Morgan Chase said.

China Fishery Group Ltd. (CIFHY) has launched a public offer for Copeinca's common shares, a bid worth 551 million, the bank said in a report late Thursday.

The largest shareholder, Dyer Coriat Holdings, is opposing the takeover, saying the offer is a lowball bid.

J.P. Morgan said Dyer Coriat has a 32.6% stake in Copeinca, followed by Ocean Harvest with 13.9%, Euroclear Bank with 11.3% and an investment fund held by the Dyer Coriat Investors with 5.96%.

" The remaining stakes are very fragmented with most investors holdings less than 1.4%. Therefore, technically a deal could go forward without the agreement of Dyer Coriat," the bank said.

J.P. Morgan says that China Fishery has already secured 41.5% in positive indications, such as pre-sold shares or binding agreements.

Peru's rich fishing grounds make it the world's largest producer of fishmeal, which is exported to China, Germany and a number of other nations. The fishmeal, used in part as a high-quality animal feed, is made mainly of anchovy.

Copeinca officials say their company is worth up to 1.1 billion, and said Thursday the company is looking at all options, including soliciting interest from potential alternative bidders.

It added that " interesting dialogues have already been established with potentially interested parties attracted by Copeinca's leading operational platform and market position."

Peru's Credibolsa SAB, which is handling the public share purchase offer, said in a published statement that the offer is open until April 15.

Copeinca said it " strongly advises shareholders to refrain from taking any action in respect of their shares in Copeinca which may be prejudicial to their interests."

Separately, South Korea's Dongwon Group has reportedly made an offer to purchase Peru's Pesquera Diamante, a leading fishing company.

master starlene

right pricing getting nearer to the 8 cts...

starlene ( Date: 30-Mar-2013 20:58) Posted:

wait for nil paid rights to go near 8cts will buy to subscribe for the rights shares

Last date and time for splitting and trading of Rights: 8 April 2013 at 5.00 p.m.

Last date and time for acceptance and payment of Rights Shares: 12 April 2013 at 5.00 p.m. (9.30 p.m. for Electronic Applications)

Last date and time for renunciation and payment for Rights Shares: 12 April 2013 at 5.00 p.m.

Last date and time for application and payment for Excess Rights Shares: 12 April 2013 at 5.00 p.m. (9.30 p.m. for Electronic Applications)

In addition, I think China Fishery Group is declaring her justification for the acquisition of Copeinca with this stock exchange notice.

I think these challenges are already priced in.

This is life... I hope the management can deal with them successfully.

JMS213 ( Date: 29-Mar-2013 11:50) Posted:

Seniors,

Any comments, .... pick it up from Undercurrent News

China Fishery highlights Peruvian overcapacity, risk in Russian pollock March 27, 2013

Singapore-listed China Fishery Group highlighted the challenges it faces in its Peruvian fishmeal and Russian pollock operations in a stock exchange notice related on March 26.

In the statement — related to the $344-353 million rights issue it is planning to fund its $556m acquisition bid for Copeinca — the Pacific Andes subsidiary highlighted the continuing uncertainty it faces in its Russian (mainly pollock) operations, which account for 62% respectively of its total revenues.

China Fishery believes its supply agreements with Russian vessel owners do not amount to controlling the vessel owning companies, and therefore are within the boundaries of Russian law, said the group.

“However, we cannot assure you that Russian Federal Anti-monopoly Service (“FAS”) or a Russian court will not take the opposite view, which may lead to such agreements being invalidated,” it said.

Seniors,

Any comments, .... pick it up from Undercurrent News

China Fishery highlights Peruvian overcapacity, risk in Russian pollock March 27, 2013

Singapore-listed China Fishery Group highlighted the challenges it faces in its Peruvian fishmeal and Russian pollock operations in a stock exchange notice related on March 26.

In the statement — related to the $344-353 million rights issue it is planning to fund its $556m acquisition bid for Copeinca — the Pacific Andes subsidiary highlighted the continuing uncertainty it faces in its Russian (mainly pollock) operations, which account for 62% respectively of its total revenues.

China Fishery believes its supply agreements with Russian vessel owners do not amount to controlling the vessel owning companies, and therefore are within the boundaries of Russian law, said the group.

“However, we cannot assure you that Russian Federal Anti-monopoly Service (“FAS”) or a Russian court will not take the opposite view, which may lead to such agreements being invalidated,” it said.

Noted and thanks

halleluyah ( Date: 28-Mar-2013 20:45) Posted:

Yes u r right bt can only trade on 22/4 onwards.

Ann3332 ( Date: 28-Mar-2013 18:44) Posted:

Seniors, please help to enlighten me since this is the first time for me to come across rights shares, not sure how it works and how it trade

Isn't it cheaper to buy the rights from open market says 0.103 and pay the conversion of 0.34, the CF shares will be 0.443/share than to buy the main shares at 0.45/share?

Yes u r right bt can only trade on 22/4 onwards.

Ann3332 ( Date: 28-Mar-2013 18:44) Posted:

Seniors, please help to enlighten me since this is the first time for me to come across rights shares, not sure how it works and how it trade

Isn't it cheaper to buy the rights from open market says 0.103 and pay the conversion of 0.34, the CF shares will be 0.443/share than to buy the main shares at 0.45/share?

halleluyah ( Date: 28-Mar-2013 17:59) Posted:

So far 0.45 is the lowest, touching twice only. Gd fr accumulation.

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China Fishery - Low PE

Q: China Fish bottom liao, time to buy?? A: Most likely .... YES.

China Fish bottom liao, time to buy?? [link]

China Fish bottom liao, time to buy?? [link]

China Fish bottom liao, time to buy?? [link]