Sino Grandness

(14-03-2015, 07:27 PM)chinafarmer Wrote:

(14-03-2015, 10:37 AM)Newman Wrote:

(13-03-2015, 05:03 PM)portuser Wrote:

(13-03-2015, 04:22 PM)butcher Wrote: Anyone knows who are the major holders of the convertible bonds?

Shareholders have been told that a substantial portion of the 2011 RMB 100m bonds had been sold by Sang Hung Kai to other investors.

Bonds amounting to RMB 19.5m were redeemed in Oct 2014, on maturity, and the remaining RMB 80.5m rolled over to a new maturity date of 30 June 2015.

Goldman Sachs is holding on to the bulk of the RMB 270m bonds issued in July 2012.

Goldman Sachs is represented on the board of directors of Garden Fresh, based on page 2 of the announcement dated 10 May 2012.

My confidence in Sino Grandness is boostered by knowing that Goldman Sachs is represented on the Board of Directors of Garden Fresh. I must thank you for highlighting this.

Sung Hung Kai & Co Ltd nominated Julian So Han Meng as a non-executive director on Eratat Lifestyle's board on August 5 2013. In the SGX filing relating to his appointment it was stated the Julian So Han Meng is the 'Permanent employee of Sun Hung Kai Financial, who ultimately owns bonds and/or warrants issued by the company.'

Eratat subsequently defaulted on its bonds and has remained suspended from trading since 30 January 2014.

The Sung Hun Kai representative on Eratat resigned from the Eratat board on April 28 2014 citing health reasons.

It would have been foolish if one had stayed invested and boostered his confidence based on the appointment of the Sun Hung Kai representative to Eratat Board.

Investment bankers have large number of professionals with varying levels of skills.
Goldman Sachs having a rep on Garden Fresh board of directors is just one of the many factors to be taken into account in assessing the risks of buying Sino Grandness shares.

Refer to DY's following comment on 13 Mar:

"Incorporation of companies that will make up the listco structure is typically done ahead of the actual restructuring, and the restructuring won't take place until there is some degree of confidence from all parties that the IPO can take place. There is good reason for this - if you restructure ahead of time and the IPO fails, you will need to unwind everything."



Sino Grandness has indicated before that as holders of convertible bonds were eyeing a stake in listed Garden Fresh, Sino makes sure that there is no overlap of the beverage business and canning business. Garden Fresh also has its own board of directors and management team. 

CEO doing daily buying lately (though quantity is small). Wonder how long he would keep up with that.

Insider buying is always good news.

Given the recent buying by the chairman, I have decided to change stance and purchased 2 tranches of "SFIG call options" at 0.25 and 0.245.

It is quite clear that before making up their mind to invest in Sino Grandness and locking up a good portion of Sino Grandness shares for 10 years, the Thai investors must have assessed the risk very carefully, and concluded that Garden Fresh can sail through June/ Jul.

The following Nextinsight article suggests that Sino Grandness is in talk with international banks to borrow more to tie over, if bondholders do not want to wait beyond June/July if Garden Fresh still cannot get itself listed by then:


http://www.nextinsight.net/index.php/sto...-grandness-


Sino CEO told The Edge (16 Mar) that investors may be roped in to take over the expiring bonds or invest directly in Garden Fresh.

This additional option is feasible only if Garden Fresh has been popular in China. The Thai investors should have done their checks before deciding to be the distributor of Garden Fresh juices in Thailand in the second half of this year.

In The Edge interview with the Thai, he was saying the amount he invested cost only the price of a dry bulk vessel. He is just taking a bet. Don't take the tikum bet by the Thai and signalled it as a strong Go. You most probably gonna hurt yourself. Spend time looking at the amount per $1 sales spent on advertising/marketing and compared with other competitors.

not vested

(19-03-2015, 10:31 AM)simpleman Wrote: It is quite clear that before making up their mind to invest in Sino Grandness and locking up a good portion of Sino Grandness shares for 10 years, the Thai investors must have assessed the risk very carefully, and concluded that Garden Fresh can sail through June/ Jul.

The following Nextinsight article suggests that Sino Grandness is in talk with international banks to borrow more to tie over, if bondholders do not want to wait beyond June/July if Garden Fresh still cannot get itself listed by then:


http://www.nextinsight.net/index.php/sto...-grandness-


Sino CEO told The Edge (16 Mar) that investors may be roped in to take over the expiring bonds or invest directly in Garden Fresh.

This additional option is feasible only if Garden Fresh has been popular in China. The Thai investors should have done their checks before deciding to be the distributor of Garden Fresh juices in Thailand in the second half of this year.

Dry bulk vessel are not cheap.

Thai investors took their stakes in late Dec 14 after the 30-page report by Newman9 had put Sino Grandness under the spotlight.

To question by The Edge (16 mar 15) on allegations that Sino Grandness has been inflating its revenue and earnings, Charlermchai replied that TTA has done its due diligence on Sino and concluded that the risks are "manageable". He also pointed out the enormous upside of investing in Sino Grandness-- paving the way for TTA and PM group to go into China, a growing consumer market of 1.4 billion people, in a big way.

If Garden Fresh has not been selling well in China, I doubt the Thai investors will want to be its distributors in Thailand.

Charlemchai has also told The Edge that many Thai beverage manufacturers have sought help to sell their products in China through Sino's distribution network.

What is the relevance of doing the Euromonitor report now? I thot the management is happy with Frost and Sullivan.
Can the Euromonitor report rescue its share price? Could they be using it for the IPO? Sorry I am not too sure hence asking.

Newman, Simpleman, Oldman...

What's next? Runningman?

(19-03-2015, 03:41 PM)Aldar Wrote: Newman, Simpleman, Oldman...

What's next? Runningman?

Superman, batman, ironman, birdman, IpMan