Delong Holdings

Positive profit guidance.

Expected HY2016 EPS > RMB 2 dollars per share (SGD 0.4) > current share price.

Evraz (Roman Abramovich) has a 15% stake with board member. Acquisition price SGD 3.94 pre consolidation, $19.70 after taking into account 5-1 consolidation.

Ding Liguo, CEO of company, highly respected and well known figure in China.

Interesting how Chinese companies are valued these days..

(Vested)

has this skank ever paid a dividend ? 

(29-07-2016, 11:32 PM)Gaudente Wrote: has this skank ever paid a dividend ? 

I have no idea who/whats the skank you are referring to but the company has paid dividends prior to 2008 financial crisis..

Subsequently, due to high debts and oversupply of steel in China, company has stopped paying dividends since. However, I do believe that dividends will be resumed once the company is back on track with lower gearing and better industry prospects.. 

As with all investments, I'm not saying this is a sure-win but risk rewards seem to be highly favourable..

today the skank is down 17% to 30 cents ....business as usual 

yearly results out http://infopub.sgx.com/FileOpen/4Qresult...eID=441208 and it shot up 50% to 46 cents ... guess I was wrong and young investor was right after all 

(11-03-2017, 03:57 PM)Gaudente Wrote: yearly results out http://infopub.sgx.com/FileOpen/4Qresult...eID=441208 and it shot up 50% to 46 cents ... guess I was wrong and young investor was right after all 

share price increase doesn't prove a person right.. was quite disappointed with the lack of dividends and turned out you were probably more spot on than me.. haha

(16-03-2017, 09:50 AM)young_investor Wrote: share price increase doesn't prove a person right.. 

yet it makes him richer if it is in his portfolio... and the skank went over 70 cents ... 

oh, about that word... http://www.urbandictionary.com/define.php?term=Skank 

Hey guys, I got to know Delong through this forum and I subsequently posted somethings on Sharejunction forum.

Here are some articles on Delong (cyclical company):

http://finance.sina.com.cn/meeting/2016-...4139.shtml
http://www.52steel.com/news/2017-04-27/2456939.html
http://www.chinavalue.net/BookSerialise/...cleID=8441

HG Metal and Union Steel share price rallied a bit despite the weak market yesterday.

I suppose it it could be due to the news of china steel price surge (hot rolled coil)

http://www.sunsirs.com/uk/prodetail-195.html

- vested, dyodd -

Ding Liguo participated in recent China Enterprise Forum

http://www.chinatimes.cc/article/67984.html

http://www.dlholdings.com/news.aspx

City officials / mayors started to visit Delong lately. Their steel plant is praised for their green initiatives and some even visit their office as as tourist spot!

http://www.dlholdings.com/newsinfo.aspx?...&CateId=11

Hiring someone to strengthen quarterly reporting or SGX-compliance related matters: http://www.dlholdings.com/zhaopininfo.as...&CateId=56

video on their company: http://www.dlholdings.com/videoinfo.aspx...&CateId=12