Posted by albertlaw > 2014-01-15 17:30 | Report Abuse

Those who have heeded or bought have made money liao..I left those from rights issue(34cts)..Even if u had bought at a high of 59cts also more than break even(59cts+34)/2 =46.5 based on today's closing prices..hope it is up up and away

Buy Sell China Fish SGX 0.470 175,000 0.475 30,000 0.475 +0.050 0.430 8,109,000 0.480 0.430 0.588 0.315 6.97 0.0149

Posted by albertlaw > 2014-01-16 09:10 | Report Abuse

48.5-49cts now as at Jan 16..more upside?

Sources: China Fishery could buy more in Peru, as Diamante owners still looking for exit





January 14, 2014, 6:48 pm



Eva Tallaksen Alicia Villegas, Jeanine Stewart





Having acquired Copeinca, China Fishery Group could now be close to making more acquisitions in Peru, with both Pesquera Diamante and Hayduk named as potential targets, sources told Undercurrent News.



Another Chinese fund, which sources did not name, is also said to be in talks to acquire Pesquera Diamante, Peru?s third largest fishing company by quota.



According to one well-placed source, Pesquera Diamante has hired Credit Suisse to arrange for a sale.



?China Fishery is now close to locking the Diamante acquisition, and if that succeeds they will hold more than 25% of the Peruvian fishing quota,? this source told Undercurrent News.



Diamante holds 8.5% of Peru?s anchovy quotas, after Copeina/China Fishery (16.9%) and Tasa (14.1%).



Several sources said Diamante is also in talks with another Chinese private fund for a sale.



It has for some time now been said that Diamante?s private equity owner, Enfoca, is looking for an exit for its 18% stake.



But if a good offer is made, the entire company could be sold, said sources.



The remaining 82% shares are owned by the Ribaudo brothers, Juan Enrique and Fernando.



Diamante?s CEO Manuel Salazar, Enfoca and China Fishery declined to comment to Undercurrent.



In March 2013, news outlets had reported that South Korea?s Dongwon was close to making a move for Diamante. However, the deal then reportedly collapsed, with no news since then.



According to sources, it is well known in the Peruvian industry that China Fishery is still interested in buying up more quotas in Peru. ?China Fishery always keeps an open eye,? said one industry executive. ?They will go for any company.?



Some, however, questioned how China Fishery would finance such a deal. Its purchase of Copeinca, completed late last year, cost it $787.69m in cash and took its total debt to $1.596bn.



The rumors come as Peruvian companies are becoming increasingly frustrated with the government and its regulation on anchovy fishing. This could make them more inclined to sell, said industry players.



?The problem is the government?s very bad administration,? said one executive. This has frustrated businesses, he said. It has also affected their cash flow, and subsequent valuations. ?The value of any company is their cash flow. In the two last years the administration, without any discussion, has restricted the Peruvian quota of anchovy by about 40%. The cash flow reflected the issue and of course the companies? values are lower than they could be.?



In this situation, he added, Chinese companies could see an opportunity to come in at a cheap price, ?wait two or three years and gain 40% or 50% in value?.



Another Peruvian executive echoed this view.



?Foreign companies along with high level politicians have achieved what they wanted: Peruvian companies can be sold at a cheap value, since Peruvian politicians have demolished the fishing industry,? said this source.



He added Enfoca was keen to exit Diamante, having owned it for several years. However, despite years of persistent rumors of a sale, ?eventually the company ends up not being sold?, he said.



$85m per 1% quota



If a deal were to happen, Diamante could expect to get the same valuation (85 million per 1% of quota) as Copeinca did for its sale to China Fishery. For Diamante, this would represent $722.5m. For Hayduk, it would mean around $561m.



?However, only a strategic investor would pay such a high price,? and only if the synergies are there, as is the case with China Fishery, said one source.



?The key question is how the interested party would appraise the human consumption business Diamante has ? canned and frozen fish, including a distribution brand,? this source added. ?Diamante?s owners are good entrepreneurs, the company is well managed and it?s a success story.?





Hayduk restructuring



There is also talk surrounding Pesquera Hayduk, Peru?s fifth largest fishing company by quota.



Hayduk restructured recently, appointing new management and a new CEO. The company is also said to be very close to China Fishery Peru.



Although one source linked the restructuring to a possible sale, another said this was the end of a long process, with the former CEO having completed his task. ?In my opinion, as well as Diamante, if they receive a nice proposal, they will sell,? said one executive.



Growing foreign ownership



An acquisition by a Chinese company would heat up a debate that China Fishery?s purchase of Copeinca triggered in Peru: the issue of foreign ownership of the nation?s fishing quotas.



With nearly 17% of Peru?s fishing quotas, China Fishery Peru/ Copeinca is the country?s largest fishing group, ahead of former leader Tasa (14.1%).



This has

Posted by albertlaw > 2014-01-22 23:33 | Report Abuse

China Fish has hit its long term bottom..

https://www.flickr.com/photos/carica...61851264/:s12:

Posted by albertlaw > 2014-01-28 00:05 | Report Abuse

China Fish double bottom already?..https://www.flickr.com/photos/caricature/11961851264/

stockpicker ( Date: 27-Jan-2014 18:23) Posted:



Yes ..96 million shares all for a price of USD$1/= but Cap-IIIA can only convert to normal share when the price reaches SGD 0.52. This is covered in their Annual reports and brouchers. Think the idea is to induce Cap-IIIA not to sell but to push up the price to 0.52 so that CF can get more funds and push up the value of the share price. It is dirty trick and they did that before in 2010 when CF offered 26 mil warrant for USD$1 to an independent party with exercise price of $2.10 when the share price was $0.8.. the share price was pushed to a high of only $1.30. 35 million warrants expired in 2013.

As for the gravestone doji, if it were to happen at the bottom of the bearish trend follow by a up candlestick with solid volume, it could mean a reversal about to take place otherwise, it suggests a continuation..

Best of luck

Posted by albertlaw > 2014-01-28 00:08 | Report Abuse

Today's AGM at Intercontinental Hotel..shareholders will fuming over CF's 96,153,846 warrants issued to Caryle Group at US$1 only a great dilution to existing to existing shareholders and the Major shareholder Pacific Andes voting in favour..it's like selling CF away for a song though the warrants can only be exercised at 52cts per share

Mano's question why not offer to all exiting shareholders instead of being bias in favour of Carlyle Group and that this motion be put off..it appears this was to help Carlyle which had bought CF at a high of > $1.80 per share and to reward them for staying with CF in the acquisition of Copenica and to lower the overall cost of Carlyle's purchase of CF..certainly not favourable to most shareholders present at the meeting

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