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China Fishery Group
18-12-2010, 12:51 AM.
Post: #1
China Fishery Group
China Fishery to seek listing in Hong Kong

SINGAPORE : Mainboard-listed industrial fishing company, China Fishery Group, has said it intends to seek a dual primary listing in Hong Kong by issuing 175 million new shares.

(http://www.channelnewsasia.com/stories/s...36/1/.html)

This is a company with excellent growth prospect. But its growth requires extensive capex funding to grow its fleet size, processing plants and fishing quota. Equity financing is one way to finance such growth opportunities. It will be interesting to see how their future acquisitions will pan out.

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Disclaimer: Please feel free to correct any error in my post. I am not liable for anything. Do your own research and analysis. I do NOT give buy or sell calls and stock tips. Buy and sell at your risk. I am not a qualified financial adviser so I do not give any advice. The postings reflects my own personal thoughts which may or may not be accurate.

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18-12-2010, 12:56 AM.
Post: #2
RE: China Fishery Group
I used to be vested in this. You can check my blog under "Investment Mistakes" to see my comments on China Fishery.

Disclaimer: Not an inducement to buy or sell.
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My Value Investing Blog: http://sgmusicwhiz.blogspot.com/

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03-02-2011, 03:33 PM. (This post was last modified: 03-02-2011, 03:34 PM by Nick.)
Post: #3
RE: China Fishery Group
CFG released its 1Q 11 results recently.

http://info.sgx.com/webcoranncatth.nsf/V...penelement [SGX Announcement]

http://info.sgx.com/webcoranncatth.nsf/V...penelement [Press Release]

(Not Vested)
=========== Signature ===========
Disclaimer: Please feel free to correct any error in my post. I am not liable for anything. Do your own research and analysis. I do NOT give buy or sell calls and stock tips. Buy and sell at your risk. I am not a qualified financial adviser so I do not give any advice. The postings reflects my own personal thoughts which may or may not be accurate.

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07-04-2011, 02:36 PM.
Post: #4
RE: China Fishery Group
Dropped by as much as 30% after the opening bells this morning. Again, no plausible response was given to SGX upon being queried. Fleet footed and daring investors would have seen a single day return of 33% as at now if one had the courage and luck to buy in at its intra day low...

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08-04-2011, 12:07 AM.
Post: #5
RE: China Fishery Group
Missed today's.
The fact the Carlyle group invested earlier suggests it to be a generally higher quality S-chip than average.

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08-04-2011, 12:48 AM.
Post: #6
RE: China Fishery Group
It isn't really a S Chip ? Thought they were under the Pac Andes family ?
=========== Signature ===========
Disclaimer: Please feel free to correct any error in my post. I am not liable for anything. Do your own research and analysis. I do NOT give buy or sell calls and stock tips. Buy and sell at your risk. I am not a qualified financial adviser so I do not give any advice. The postings reflects my own personal thoughts which may or may not be accurate.

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08-04-2011, 01:12 AM.
Post: #7
RE: China Fishery Group
(08-04-2011, 12:48 AM)Nick Wrote: It isn't really a S Chip ? Thought they were under the Pac Andes family ?

Considered a psuedo-S Chip as they have operations in China but are Hong Kong listed. It also has the word "China" in it, I guess. Big Grin
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27-05-2011, 12:02 AM.
Post: #8
RE: China Fishery Group
http://www.greenpeace.org/international/...blog/34979

26 May 2011 article:

Marine life soaking up radiation along Fukushima coast

Two weekâ€s ago we released preliminary results from our marine radiation monitoring work off the coast of Japan, near the melted-down and leaking Fukushima Daiichi nuclear plant. These results showed worrying levels of radioactive contamination in seaweed – a staple of the Japanese diet.

After having difficulties finding a lab in Japan to do detailed analysis, we sent samples of seaweed, fish, and shellfish collected by our radiation monitoring teams both onshore and on the Rainbow to professional labs in France and Belgium. The results of the details analysis are back – and we can say that the situation in the ocean along the Fukushima coast is worse than we originally thought.

The new data shows that some seaweed contamination levels are not only 50 times higher than safety limits – far higher than our initial measurements showed – but also that the contamination is spreading over a wide area, and accumulating in sea life, rather than simply dispersing like the Japanese authorities originally claimed would happen.

Other samples showed lower than expected concentrations of caesium, but much higher levels of iodine than expected, which raises serious concerns that contaminated water is continually leaking from the nuclear plant.

Iodine has a short half-life of around eight days, comparing to caesium isotopes' half-lives of two years or more. Having higher iodine levels than caesium indicates that there is a significant, ongoing discharge of contaminated water coming from the damaged plant - despite the authorities only officially admitting to three releases into the ocean to date. This could have severe, prolonged effects on the marine ecosystem and all those that rely on it for their livelihoods.

Most of the fish and shellfish we sampled were found to contain levels of radioactivity above legal limits for food contamination, whichis just one of the multiple, chronic sources of radiation exposure those living in the greater Fukushima area are faced with.

In April, the authorities raised official limits for levels of radiation exposure to 20 mSv per year for everyone – including children. However, this only accounts for external exposure - radioactive materials that are ingested, inhaled or absorbed through the skin increase exposure and the risk of developing cancer and other radiation-related illnesses.

It is not enough for the authorities to keep putting band-aids on each problem as it appears. The Japanese government must launch a comprehensive, ongoing analysis of the marine environment along the Fukushima coast, fully disclose all information about the release of contaminated water, and make proactive protection and compensation efforts to support the people most affected and at risk from this disaster.

You can access all of Greenpeace's radiation testing data from the Fukushima area here »

Image - Collecting Samples near Fukushima. Left to right: Giorgia Monti of Greenpeace Italy (far left of pic), Sakyo Noda of Greenpeace Japan, Tuomas Heikkila (driving boat), Jacob Namminga (at rear of boat). Crew from the Rainbow Warrior collect sea water and seaweed samples to monitor for radiation contamination levels as the Greenpeace ship sails up the eastern coast of Japan, in the vicinity of Fukushima. 05/05/2011 Â Jeremy Sutton-Hibbert / Greenpeace

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29-05-2011, 04:51 PM.
Post: #9
RE: China Fishery Group
I think the drop in share price is due primarily to (1) The stagnating profits in CFG 1H 12 result despite investing in South Pacific fishing area and (2) Dual listing in SEHK by issuing up to 200 million new shares. I may be wrong but I think this could be the reason behind it. While operating results could improve going forward, will it be sufficient to off-set the dilution of more placements ? If prospective investors believe it is possible, then at $1.47 (annualized PER of 9.4) CFG might be attractive. If they feel it is not possible, then it is best to wait till the market valuation is deemed sufficiently fair.

I have not read up sufficiently on CFG and PARD so please correct any errors made.

(Not Vested)
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Disclaimer: Please feel free to correct any error in my post. I am not liable for anything. Do your own research and analysis. I do NOT give buy or sell calls and stock tips. Buy and sell at your risk. I am not a qualified financial adviser so I do not give any advice. The postings reflects my own personal thoughts which may or may not be accurate.

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19-08-2011, 07:54 PM. (This post was last modified: 19-08-2011, 07:59 PM by edragon.)
Post: #10
RE: China Fishery Group
Early Redemption Of US$225,000,000 9.25% Senior Notes Due On 19 December 2013 By CFG Investment S.A.C.


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