Why am I buying Yanzijiang and JES International now

21 May 2014 20:35 #19949 by Garak

Please Log in or Create an account to join the conversation.

28 May 2014 15:57 #19999 by Garak
Book value = 21.2 SG cents.
Stock price = 9.0 cents.

Please Log in or Create an account to join the conversation.

30 May 2014 19:40 #20023 by darrickhancock
Yangzijiang/ SIIC: Chairman of Yangzijiang Shipbuilding, Ren Yuanlin, has been reported to the stock authorities in China over several illegal activities conducted, including insider trading, misrepresentation, infringement of the independent operation of a listed company, illegal access to shares of listed company, manipulation of stock price and interference in the truthful disclosure of regular report. The report was filed by Tianjin Guoheng Railway Holding (China-listed), which is currently suspended due to the investigation. www.sinoshipnews.com/News/Rail-company-c...uanlin/3w3c2686.html Ren's investment vehicle, Newyard Worldwide Holdings, also has stakes in Ione Holdings (982 HK) and SIIC Environment. Do note that these counters may be subjected to short-selling pressure in the near term on the negative news.

Please Log in or Create an account to join the conversation.

01 Jun 2014 21:42 - 01 Jun 2014 21:43 #20031 by Val
So far, the reply from YZJ indicates no issue for the company. will the stock price fall some more? At $1.01 closing on Friday, it's not attractive enough for me to venture forth. Just my 2 rmb worth


The Company has since sought clarification from Mr Ren on the matter and understands as follows:

(a) Liyuan Investment acquired a 12.08% stake in Tianjin Guoheng in January 2014 and became its largest shareholder.

(b) Liyuan Investment, as Tianjin Guoheng's largest shareholder, made an approach in early May 2014 to the incumbent board of directors of Tianjin Guoheng to convene a general meeting of shareholders to reconstitute its board (including the appointment of nominees of Liyuan Investment).

(c) The incumbent board of directors however unreasonably resisted Liyuan Investment’s legitimate approach, and shortly thereafter, on 26 May 2014 alleged misdeeds against Liyuan Investment and Mr Ren.

(d) Liyuan Investment has on 28 May 2014, within 2 days of these allegations being made, confidentially submitted its responses and rebuttals to these allegations to the Shenzhen Stock Exchange.

Mr Ren has in addition personally assured the Company and its board of directors that these allegations and its publicity are mischievous, and calculated to damage him and thwart Liyuan Investment’s corporate objectives in relation to Tianjin Guoheng. He will not be deterred from pursuing Liyuan Investment’s lawful interest as the largest shareholder of Tianjin Guoheng and takes a very serious view of such allegations and conduct, and will explore all remedies available to him against the
perpetrators in consultation with his professional advisers.

The Company wishes to emphasise to shareholders that no allegations have been made against the Company or its subsidiaries (“Group”), and the businesses of the Group continue to be operated in its ordinary course.
Last edit: 01 Jun 2014 21:43 by Val.

Please Log in or Create an account to join the conversation.

02 Jun 2014 01:23 #20033 by papersoldier
After the sharp drop on 30 May, the next resistance is 0.955 & 0.91

Just my 2 RMB of opinion too :)

Please Log in or Create an account to join the conversation.

05 Jul 2014 14:23 #20304 by yeng
1. Net profit of Target Group as at 31 December 2013 was "not less than USD 800,000."

2. JES is buying 51% of Target Group via (i) new shares USD 22,459,726 -- at average price of S$0.0927 per share --- and (ii) cash USD 30.0 million.

3. JES is paying USD52.5 million total for a USD1.15 billion valuation of forestry concession = JES paying 4.5% of value of asset.

Let's take the US$3 billion of the asset with a pinch of salt! Still, it does seem to be a great deal! Perhaps JES shares will cross 10 cents next week.

Please Log in or Create an account to join the conversation.

Share Prices

Counter NameLastChange
AEM Holdings5.1400.010
Avi-Tech Electronics0.000-
China Sunsine0.485-
Food Empire0.7600.005
Fortress Minerals0.4200.005
Geo Energy Res0.3350.005
Golden Energy0.290-
GSS Energy0.071-0.001
ISDN Holdings0.705-
IX Biopharma0.197-0.003
Jiutian Chemical0.082-
KSH Holdings0.355-
Leader Env0.066-
Medtecs Intl0.325-0.010
Moya Asia0.062-
Nordic Group0.405-
Oxley Holdings0.187-0.002
REX International0.340-
Sinostar PEC0.3000.010
Southern Alliance Mining0.720-
Sri Trang Agro1.240-0.020
Straco Corp.0.430-
Sunpower Group0.470-0.010
The Trendlines0.105-0.002
Totm Technologies0.196-0.004
UG Healthcare0.300-
Uni-Asia Group1.150-0.020
Wilmar Intl4.220-0.060
Yangzijiang Shipbldg1.3300.010

NextInsight RSS

rss_2 NextInsight - Latest News

Online Now

We have 966 guests and no members online