sino grandness - undervalued stock

BNN
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10 years 2 weeks ago - 9 years 8 months ago #19653 by BNN

Replied by BNN on topic sino grandness - undervalued stock

"On March 25th 2014 we visited the 2014 Chengdu Spring Sweet & Juice Exhibition which featured a plethora of juice, sweet and alcohol producers.

"SinoGrandness held space on the ground floor by the entrance to the Chengdu Hotel. The following day we travelled to Qionglai, Sichuan province 1.5hrs from downtown Chengdu to see SinoGrandness’s juice factory and production lines."

e3a31bae-a-62cb3a1a-s-sites.googlegroups...YFFGu&attredirects=0

Last edit: 9 years 8 months ago by BNN.

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yeng
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9 years 10 months ago #20191 by yeng

Replied by yeng on topic sino grandness - undervalued stock

Sino Grandness + 4 cents , hit 71 cents. What's the news outbreak? In any case, so cheap and unloved stock. Will it become the market darling when the IPO of Garden Fresh is further confirmed?

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sykn
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9 years 10 months ago #20197 by sykn

Replied by sykn on topic sino grandness - undervalued stock

I've not been able to uncover any news about SGFI at this moment; kinda losing my patience. This stock is quite volatile; perhaps it's just the irrationality of the market. Any forummers found something substantive, please share. Thanks. (vested)

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BNN
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9 years 8 months ago #20645 by BNN

Replied by BNN on topic sino grandness - undervalued stock

Thumbs Up!

"The Board of Directors (the “Board”) of the Company wishes to announce that the Company is engaged in discussions with a potential strategic investor for possible investment of a substantial stake in the Company. The terms of the investment are subject to finalisation, and any investment is subject to the negotiation, execution and delivery of definitive agreements."

infopub.sgx.com/FileOpen/Sino_Grandness_...cement&FileID=310042

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sykn
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9 years 8 months ago #20646 by sykn

Replied by sykn on topic sino grandness - undervalued stock

A total of 16M shares changed hands today; the last time it hit 74.5 cents was 4 months ago. I suspect there must be a big buyer mopping up in the market today.

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BNN
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9 years 8 months ago #20660 by BNN

Replied by BNN on topic sino grandness - undervalued stock

What do you make of the news that a potential investor is negotiating for a "substantial stake" in Sino Grandness?

My reading is, this "substantial stake" could be anything between 5% and 20%, which means we kena dilution.

The positives include a strategic partner which can help Sino Grandness increase the depth and breath of its geographical coverage & product range... and the monies from the placement could be put to good use to pay off the 1st tranche of convertible bond holders if they decide to redeem the bonds in Oct.

Fortunately, Sino Grandness is not lacking in ability to raise $ in other ways for the possible bond redemption -- it has a new factory which it can pledge for bank borrowings.

It's v lowly geared at this point, so raising bank borrowings should not be an issue.

The stock price movement in the last 2 days does not reflect these possible developments nor the 2Q profit surge. Doesn't this offer a buying opportunity?
@ 72 cents

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