Given the SEO's actions and the suggested direction of the company, it will not be long before the hog segment is history.
Thanks for the correction investinerd. The information I provided was for the correct company, CHLN and not CHNL.
I have added lots of shares too, most under $0.56. If there is a run, we will all be competing with each other to get rid of them :)
Although the GURE management is planning a similar cro-oked takeover, this is a poor and very misleading comparison. CHNL had losses for the two 2014 quarters (7.54 million or net loss of 22 cents per share). Its cash as of June 30 was 7 million and the restricted cash just under 112 million but its total debt outstanding as of June 30, 2014 was $327.9 million compared with $300.7 million on December 31, 2013. Net debt outstanding (total debt less cash and restricted cash) as of June 30, 2014 was $208.6 million compared with $161.8 million on December 31, 2013. The Company's net debt as a percentage of total capital (net debt plus shareholders' equity) was 62.7 percent on June 30, 2014 and 54.1 percent on December 31, 2013. Finally, this deal is not yet done and approved by the shareholders and the company faces numerous class action lawsuits. GURE's first buyout offer, if unaltered and approved, cannot be below cash value which is around $3.20.
This kid is so shallow that he can't see the obvious if it hit him in the face. Now lets see if he understands it after you have explained it to him. I doubt it. He will be back nagging again. And I won't make it more complicated by teaching him the relationship between Shanghai exchange and the listed Chinese stocks in U.S.A.
Nice that you noticed that. It is a very crazy trading. He wants to put a lid on it at around $2.30 and the buyer keeps accumulating anywhere from $2.18 to low $2.30s. So far few hundred thousand shares were bought this way.
LOL. I dislike COCONUTS. This is just the trading pattern though it has gone lower than its past several round trips. I picked up 3000 more shares under $2.30.
morphisis, stop embarrassing yourself. Look at the dates of my posts. The original post is dated July 28, the day I sold my shares and not August 19 and the low price you are referring to. I still hold some shares which I bought above $1.60 and will also sell those at a profit. Just watch and learn how this is done. Also if you had bought ZA at its "historic low" you could have covered some of your losses in XNY now trading below $0.80. You lost both your shirt and short in that one. Sad commentary on a fashion buff.
I am not aware of the Bloomberg discussion. There are new developments in the Chinese capital market and China/Hong Kong exchange markets and how these developments will affect the prices of A, B, and H shares--those that are currently trading in Chinese vs. foreign denominations. At this stage there is lots of speculation about the short and long run impact of these developments. In my view, there is a good possibility that in the long run the listed companies trading in foreign currencies will go private and relist in the Hong Kong exchange market. If I am correct, we should see more buyouts as well as mergers. Also look for Chinese companies that intentionally try to get delisted.
ggray, now you becoming deceptive by selectively posting my posts. Here are those that you missed intentionally.
Aug 1, 2014 2:35 PM
"Monday will be a non-event day but next week marks a pivotal point for me. If the price lingers in low $1.40s and the general market continues its decline I will sell half of my position to lock in some profits. One bird in hand is better than two in the bush."
Aug 7, 2014 11:29 AM
"Good luck to you and your 10 year strategy. But do you know why the price suddenly dropped on August 5? I did it:) "
Yes ggray1956, I unloaded most of my shares on August 5 and caused the price to drop. Now I have bought back most of my shares in $1.20s down to $1.13 and this I have also posted. So you can see what will happen in the future and when I sell I will post again. I know you are chronically depressed, but instead of smoking those heavy stuff just follow my activities and you may yet learn how to trade stocks profitably.
Thanks for the response stampede. We have a similar perspective concerning recent developments and the objectives of the CEO. There is not doubt that he is using ABAC as a vehicle to take a series a of private companies and making them the subsidiary of a public company through acquisition and that he is doing it using his own money though we may see other players joining him in the process. IF the scant data regarding the valve acquisition is accurate and reliable, he is buying genuinely profitable high growth companies and if this process continues ABAC will become the holding company with multiple subsidiaries and multiple products. That would mean more issues and more acquisitions, both indicating higher valuation. This is what I see in relative short term (perhaps no more than 2 yrs) horizon, but we must also ask what is the long term plan? The obvious answer is that he will be in control of a listed public holding company with multiple subsidiaries and streams of income, and if profitable, good return on his investment. But I don't see this as the only alternative. Again as you have stated there is always the possibility of much higher returns by later selling segments or the whole company and of course that has to be at much higher prices. In either case, if all goes well, we are looking at prices well above $3.00 and rising gradually and progressively which would make the current price a real bargain. The main risk is if things don't go as planned or if the valuation and profitability of the acquired companies are questionable and not as reported. My core holding is still in 60s to 80s cents which I have withheld from selling to avoid taxes and I have supplemented this with additional shares purchased more recently in the $1.70s-$1.90s range. I will hold the bulk of my position till the end of the year as we get a better picture of these developments and the direction and I will then re-evaluate my position in early 2015.
Sorry, noticed Tianli is misspelled as Tilani. In 2015 this company will have transform into Aoxin and the Tianli Agritech segment will be just a memory to the old OINK lovers.