Sino Grandness

lolz! alamak lah, both camps going to war over sinoG, relax, let it play out!

(09-03-2015, 08:06 AM)Young Investor Wrote: If Sino G is not a fake company, it should be able to borrow money from the banks to pay the convertible bonds even if IPO is not successful.

If Sino G is not a fake company, sales figures are then real which means receivables are real too. As such, a better test would be its ability to pay off the convertible bonds from its receivables.

In the FY14 results, Trade Receivables amounted to RMB 1,110,207 m. Isn't this amount more than enough to pay off the bondholders?

Update on Proposed Spin-Off
http://infopub.sgx.com/FileOpen/Sino_Gra...eID=338033

SINO GRANDNESS TO PARTICIPATE AT CHENGDU TRADE EXHIBITION
BETWEEN 22-26 MARCH 2015
http://infopub.sgx.com/FileOpen/Sino_Gra...eID=338034

Nothing really interesting to me accept maybe: Commissioned Euromonitor International to conduct independent market research

(vested)

(09-03-2015, 07:37 PM)Wildreamz Wrote: Update on Proposed Spin-Off
http://infopub.sgx.com/FileOpen/Sino_Gra...eID=338033

SINO GRANDNESS TO PARTICIPATE AT CHENGDU TRADE EXHIBITION
BETWEEN 22-26 MARCH 2015
http://infopub.sgx.com/FileOpen/Sino_Gra...eID=338034

Nothing really interesting to me accept maybe: Commissioned Euromonitor International to conduct independent market research

(vested)

I got a hunch it's about time to take a long position. The biggest problem is people don't trust s-chips. Especially those that didn't pay dividend even though the company concerned is clearly a growth company. In this internet age, it is easy to spread fear than instil confidence when something 'seems' to be wrong. I would not go into the balance sheet and financial statement and the impending IPO because non believer would just brush it off as 'fake'. I just ask myself what if I am the bondholder, the creditor banks, the thai investors? All of them throwing money into this piece of Sh** company? I think the price has come down low enough for me to consider taking a long position.

(09-03-2015, 08:09 PM)Bluechipfan Wrote:

(09-03-2015, 07:37 PM)Wildreamz Wrote: Update on Proposed Spin-Off
http://infopub.sgx.com/FileOpen/Sino_Gra...eID=338033

SINO GRANDNESS TO PARTICIPATE AT CHENGDU TRADE EXHIBITION
BETWEEN 22-26 MARCH 2015
http://infopub.sgx.com/FileOpen/Sino_Gra...eID=338034

Nothing really interesting to me accept maybe: Commissioned Euromonitor International to conduct independent market research

(vested)

I got a hunch it's about time to take a long position. The biggest problem is people don't trust s-chips. Especially those that didn't pay dividend even though the company concerned is clearly a growth company. In this internet age, it is easy to spread fear than instil confidence when something 'seems' to be wrong. I would not go into the balance sheet and financial statement and the impending IPO because non believer would just brush it off as 'fake'. I just ask myself what if I am the bondholder, the creditor banks, the thai investors? All of them throwing money into this piece of Sh** company? I think the price has come down low enough for me to consider taking a long position.

So you are considering? let us know when you do take a long position.
Dun underestimate the power of greed that makes everything look pretty.

Likelyhood of fraud of S-chip is just naturally higher given the cases on the SGX and betting against that is definitely a risk many are not prepared to take..

This planet got so many stocks, why do one that is so difficult............

From SGIF's 9 Mar 2015 Business Update

1) Unutilised credit lines from Chinese banks - RMB $150 mil
2) Discussing with international banks on additional long term loans
3) Cash balance of RMB $298 mil

Looks like SGIF is preparing for events like IPO not happening and bondholders not extending their loans.

Another interesting point: With so many negative news about SFIG, why are banks still willing to lend to the SGIF and its subsidiaries? Why did the Thai investors continue with the subscription of new shares after Newman9's report came out?

(09-03-2015, 11:14 AM)cyclone Wrote:

(09-03-2015, 08:38 AM)simpleman Wrote: May I know what is the basis of saying that Sino Grandness is a replica of Eratat ?

Btw, who is saying that Sino Grandness is a replica of Eratat ? Not all kwek kwek kwek is a duck.

Cyclone

It was said by Desmndxyz on 2 Mar:

It really looks like a replica of eratat... Tapping on ridiculously high interest bond when it is desperate....

Ppl have short term memory...

(10-03-2015, 08:13 AM)tiongkokgor Wrote: From SGIF's 9 Mar 2015 Business Update

1) Unutilised credit lines from Chinese banks - RMB $150 mil
2) Discussing with international banks on additional long term loans
3) Cash balance of RMB $298 mil

Looks like SGIF is preparing for events like IPO not happening and bondholders not extending their loans.

Another interesting point: With so many negative news about SFIG, why are banks still willing to lend to the SGIF and its subsidiaries? Why did the Thai investors continue with the subscription of new shares after Newman9's report came out?

It is wise to take precautionary steps just in case IPO is delayed or does not happen. We cannot be certain in anything until it really happens. If they have the funds to pay off the CB then it is great.

Ya despite the negative reports, there are those willing to deal with SGIF. Perhaps they know something we or the shortsellers dont.

(10-03-2015, 10:47 AM)leeeta Wrote:

(10-03-2015, 08:13 AM)tiongkokgor Wrote: From SGIF's 9 Mar 2015 Business Update

1) Unutilised credit lines from Chinese banks - RMB $150 mil
2) Discussing with international banks on additional long term loans
3) Cash balance of RMB $298 mil

Looks like SGIF is preparing for events like IPO not happening and bondholders not extending their loans.

Another interesting point: With so many negative news about SFIG, why are banks still willing to lend to the SGIF and its subsidiaries? Why did the Thai investors continue with the subscription of new shares after Newman9's report came out?

It is wise to take precautionary steps just in case IPO is delayed or does not happen. We cannot be certain in anything until it really happens. If they have the funds to pay off the CB then it is great.

Ya despite the negative reports, there are those willing to deal with SGIF. Perhaps they know something we or the shortsellers dont.

Banks continue to lend to protect their interests. Loans bring in interest and keeps the borrower "alive". Easier to make more loans than to collect. There is no "solid proof" of fraud and no credit rating downgrade on the business. So no reason for bank to stop lending.

Thai investors just dump their money in many companies to invest. They could be looking to diversify into chinese companies. This could be just one of the many SGX companies they buy. Even savvy investors can make bad calls as we know from Buffett --> Tesco investment.

They may know something we don't know. Maybe they know company has bad bookkeeping and trying to support until commodity prices recover? Or they may have been sucked into the hope of an IPO and quick profits?

Whatever the case, from the story so far, there are some red flags investors need to consider.

-not vested-