China Fishery    Last:0.076   -

China Fishery - Low PE

Oh no. After May 2007, China fishery share plunge.

Any reason for the plunge?

Or was it an effect of the share split.

 

Listing Date Jan 25, 2006, IPO Price 0.568, NAV for Group US$0.81, today price 0.575 - 0.580.

 

Type	Expiry Date	Record Date	Particulars
ENTITL	8 May 2007	10 May 2007	STOCK SPLIT OFFER OF 2 FOR 1
BONUS	21 May 2009	25 May 2009	OFFER OF 1 FOR 10
RIGHTS	21 Mar 2013	25 Mar 2013	OFFER OF 1 FOR 1 @ SGD 0.34

wendel      ( Date: 07-Mar-2013 22:03) Posted: Seniors....how many times this fish went for RIGHTS issue in it's history?

 

Came to know the following:

1. Copeinca, Peru's No. 2 fish exporter, said on  4 Mar 13  it has hired a team of financial advisors to " explore alternatives" after it received a $556 million unsolicited buyout bid from China Fishery Group.

2. On 4 Mar 13, the credit agency Fitch Ratings affirmed its BB- rating on China Fishery Group and removed it from its negative rating watch, saying no major deterioration or improvement is expected in the next 12 months. The decision reflects Fitch’s assessment that China Fishery – the fishing subsidiary of Pacific Andes International Holdings – " is not likely to suffer imminent substantial losses in its contract supply operations in Russia" , said Fitch.

 

Seniors....how many times this fish went for RIGHTS issue in it's history?

 

me too.........almost pengsan.........see 2.3cm document........

I think this is a reason why alot investors saw Rights issue all Run Road................. 

 

Hi Sifu don't mind to share share after you go thru ........Kam Sia Sifu 

guoyanyunyan      ( Date: 07-Mar-2013 20:00) Posted: ...   receive a thick document (2.3 cm)   about right issue ....   ... going to be very busy tonight ....

 

...   receive a thick document (2.3 cm)   about right issue ....

  ... going to be very busy tonight .... 

 

12 Apr 2013, I'll make payment for Rights Shares   12 April is the last day, best give some allowance.

When can I sell the share I hold originally?     21 March, the XR day or later, assume you want the Right Shares.... if timetable remain unchange... 

 

22 Apr 2013, I can start selling Rights Shares bought?   Yes.

When can I sell the share I hold originally?   21 March, the XR day.

... if timetable remain unchange... 

 

sorry ah...real beginner

Read but without understanding...

Buy shares before 21 Mar 2013, 9am  to be entitled.

28 March 2013, I'll get the related documents after this date from SGX

12 Apr 2013, I'll make payment for Rights Shares

19 Apr 2013, I'll get the Rights Shares

22 Apr 2013, I can start selling Rights Shares bought?

When can I sell the share I hold originally?

 

thanks...

 

guoyanyunyan      ( Date: 03-Mar-2013 14:51) Posted: Below is a brief timetable of the Rights Issue:  19 March EGM  20 March Last day for shares to trade on cum-rights basis  21 March Shares trade on ex-rights basis  25 March Books Closure Date 28 March Commencement of “nil-paid” rights trading on SGX-ST and despatch of OIS.  12 April Last day for acceptance and payment of Rights Shares  19 April Expected date for issuance of Rights Shares  22 April Expected date for commencement of trading of Rights Shares bluepore      ( Date: 03-Mar-2013 13:57) Posted: Hi all, thank you for the insightful comments. I am a new investor and have a technical question: after being allocated rights after the book closure date of 25 March, within what period of time must I come up with the cash and exercise the rights, before the rights become expired?

 

Hi! Bro starlene, u mean it will push up to $0.68 b4 the ex-right date?if yes, then i will buy more

starlene      ( Date: 03-Mar-2013 13:14) Posted: Shd takeover not successful,China Fish will soar even higher,More $$ strengthen its position,but like in the past push more than doubled yr rights $$$,now at 58cts near its record low 53cts,will head higher,don't wait till march 19 buy buy b4 its AGM,I can assure will push up one... starlene      ( Date: 02-Mar-2013 14:36) Posted: Date: 26-Feb-2013 13:53) Posted: The acquisition would be transformational, elevating China Fishery to become Peru’s largest producer, as well as among the world’s largest producers, of fishmeal and fish oil. Peru is the largest producer and exporter of fishmeal and fish oil by volume in the world. A good deal?

 

bluepore      ( Date: 03-Mar-2013 13:57) Posted: Hi all, thank you for the insightful comments. I am a new investor and have a technical question: after being allocated rights after the book closure date of 25 March, within what period of time must I come up with the cash and exercise the rights, before the rights become expired?

 

starlene      ( Date: 03-Mar-2013 13:14) Posted: Shd takeover not successful,China Fish will soar even higher,More $$ strengthen its position,but like in the past push more than doubled yr rights $$$,now at 58cts near its record low 53cts,will head higher,don't wait till march 19 buy buy b4 its AGM,I can assure will push up one... starlene      ( Date: 02-Mar-2013 14:36) Posted: Date: 26-Feb-2013 13:53) Posted: The acquisition would be transformational, elevating China Fishery to become Peru’s largest producer, as well as among the world’s largest producers, of fishmeal and fish oil. Peru is the largest producer and exporter of fishmeal and fish oil by volume in the world. A good deal?

 

Hi all, thank you for the insightful comments. I am a new investor and have a technical question: after being allocated rights after the book closure date of 25 March, within what period of time must I come up with the cash and exercise the rights, before the rights become expired?

 

Has the additional shares from rights subscription been injected into the market for trading alr?

Not yet.

Assuming if i buy the shares on Monday e.x 1 lot, do I get to enjoy the rights issue?

So long you buy before XR (ie 21 Mar) and hold on to it, you are entitle to the right. 

There will be period where the right   can be traded, we will know about the payment date by then.

flyfox      ( Date: 02-Mar-2013 23:45) Posted: Sorry I am not too sure about rights issue,   Has the additional shares from rights subscription been injected into the market for trading alr? I understand book closure date is  25 March...   Assuming if i buy the shares on Monday e.x 1 lot, do I get to enjoy the rights issue i.e. to buy one lot @ 0$.34 before 25 March ?

 

Sorry I am not too sure about rights issue,

  Has the additional shares from rights subscription been injected into the market for trading alr?

I understand book closure date is  25 March...

  Assuming if i buy the shares on Monday e.x 1 lot, do I get to enjoy the rights issue i.e. to buy one lot @ 0$.34 before 25 March ?

 

Starlene, you shall make $$$ from your purchase.

I shall subscribe to my rights & have also bought Pac Andes. Agreed with steadylar.

 

some   kay kiang investors .........always buy in super green thus panic sell in red...........

ecly hooked by market sentiments.........so called Tikam Buta...... some more worst even dont know 

the basic of investment but post like Tua Sifu.........

guoyanyunyan      ( Date: 01-Mar-2013 16:08) Posted: ... base on today performance...   the jitter due to right issue is over ... ... worst is over ....    .........?.....

 

... base on today performance...   the jitter due to right issue is over ...

... worst is over ....    .........?.....

 

News is positive, definitely elevating china fishery into a world player, however current mkt weakness is causing investors to stay aside, also to flush out those contra players and those not keen to apply rights. For those who are invested, stay the mid to long term, will propel china fishery price up and up because the gain in profits will be reaped in the next few qtrs. Raising funds thru rights is better than to borrow or issue ocnvertible bonds which incurr a high interest. Good management.

 

Blanchard      ( Date: 26-Feb-2013 13:53) Posted: The acquisition would be transformational, elevating China Fishery to become Peru’s largest producer, as well as among the world’s largest producers, of fishmeal and fish oil. Peru is the largest producer and exporter of fishmeal and fish oil by volume in the world. A good deal?