(11-03-2016, 03:49 PM)crubs Wrote: [ -> ] (11-03-2016, 03:25 PM)swang107 Wrote: [ -> ]Please allow my 5 cents here.
I have been long since last year, and had been picking up more speculatively. At no point did I curse those with negative views, I am grateful because they did address my underlying doubts. And the ensuring fiery discussion here has helped to solidify my conviction, and to judge for myself 'what is in the price?'. The income statement in the end, as we see in this case, is an accounting point of view. Right now with the CB terms reset, what is the revised value of the company? Anyone?
So my point is that, this is a forum, and thanks for the healthy exchange of views. It has been more helpful than what i see elsewhere with comments like "Huat ah! $10 soon!"
Hi swang107,
you might want to take a look at this article.
http://www.nextinsight.net/index.php/sto...t-on-bonds
If Garden Fresh IPOs at 15x 2015 earnings, Sino Grandness' current theoretical (85.28%) stake would be worth SGD1.1bn
If a PE of 12x given to its other businesses will make it around SGD310m
The total value will be roughly SGD1.4bn
However, note that Sino Grandness' stake in GF will be lower because of sale of new shares and sale of vendor shares. While the percentages are not finalised, the upside is still substantial.
Once again assuming accounts are good, future of the stock still lies with the operative phrase which is "IF GARDEN FRESH IPOs"
Somehow there has been no discussion on the how low the stock could go "IF GARDEN FRESH DOES NOT IPO"
looking back it peaked ~70cents couple years back and before that it was only a 10 to 20cent share, I wouldn't be surprise it shoot up to 70cents if it really IPO. However should it not IPO, probably we will be looking at 20cents again.
as always with this type of speculative stock, we'll see.
Sino Grandness on an upswing today. Maybe something cuming ya.
Just got my hands on a copy of the latest "Juice in China 2015" report by Euromonitor. Can't share the document due to copy right issues, but I'll take a few quotes.
"The review period saw rocketing popularity of loquat juice drinks, with which domestic player, Shenzhen Grandness Industry Groups Co Ltd, was able to enjoy steady volume share gain amid fierce competition"
"Shenzhen Grandness Industry Groups Co Ltd saw the biggest increase in off-trade volume sales of juice in 2015, up by 33%. Its unique product, Grandness-branded Loquat juice, has become increasingly popular and accepted, and is well known for its varied healthcare benefits....."
"With such a unique product, the company enjoyed a stable volume share gain over the entire review period"
In this Juice category, Sino Grandness was ranked #5 in terms of volume and #4 in terms of sales value in 2015, compared to #7 and #7 respectively in 2014.
Those who want more details can purchase the report on Euromonitor's website.
Here's the link to make the purchase
http://www.euromonitor.com/juice-in-china/report
(12-03-2016, 10:57 PM)crubs Wrote: [ -> ]Just got my hands on a copy of the latest "Juice in China 2015" report by Euromonitor. Can't share the document due to copy right issues, but I'll take a few quotes.
"The review period saw rocketing popularity of loquat juice drinks, with which domestic player, Shenzhen Grandness Industry Groups Co Ltd, was able to enjoy steady volume share gain amid fierce competition"
"Shenzhen Grandness Industry Groups Co Ltd saw the biggest increase in off-trade volume sales of juice in 2015, up by 33%. Its unique product, Grandness-branded Loquat juice, has become increasingly popular and accepted, and is well known for its varied healthcare benefits....."
"With such a unique product, the company enjoyed a stable volume share gain over the entire review period"
In this Juice category, Sino Grandness was ranked #5 in terms of volume and #4 in terms of sales value in 2015, compared to #7 and #7 respectively in 2014.
Those who want more details can purchase the report on Euromonitor's website.
Perhaps forummers should read this short report/article from 2014 to get some perspective.
http://www.valueinvestorsclub.com/idea/S...try/128233
I also find it odd that crubs has only posted on Sino Grandness thread since joining as a member in april last year.
Just sayin'
(12-03-2016, 11:35 PM)BlueKelah Wrote: [ -> ] (12-03-2016, 10:57 PM)crubs Wrote: [ -> ]Just got my hands on a copy of the latest "Juice in China 2015" report by Euromonitor. Can't share the document due to copy right issues, but I'll take a few quotes.
"The review period saw rocketing popularity of loquat juice drinks, with which domestic player, Shenzhen Grandness Industry Groups Co Ltd, was able to enjoy steady volume share gain amid fierce competition"
"Shenzhen Grandness Industry Groups Co Ltd saw the biggest increase in off-trade volume sales of juice in 2015, up by 33%. Its unique product, Grandness-branded Loquat juice, has become increasingly popular and accepted, and is well known for its varied healthcare benefits....."
"With such a unique product, the company enjoyed a stable volume share gain over the entire review period"
In this Juice category, Sino Grandness was ranked #5 in terms of volume and #4 in terms of sales value in 2015, compared to #7 and #7 respectively in 2014.
Those who want more details can purchase the report on Euromonitor's website.
Perhaps forummers should read this short report/article from 2014 to get some perspective.
http://www.valueinvestorsclub.com/idea/S...try/128233
I also find it odd that crubs has only posted on Sino Grandness thread since joining as a member in april last year.
Just sayin'
Posting a annoymous short seller report that was published in 2014?
Info is outdated, and company has done much in the last 2 years to counter what the short seller has reported.
Many forummers have also pointed out errors in this short sell report. I don't see your point in posting this misleading link. You can read back on the multiple posts on that.
I find it odd that you have so much negativity on S chips, perhaps a big short position? Or you were vested in the few black sheeps that were suspended.
(12-03-2016, 11:35 PM)BlueKelah Wrote: [ -> ] (12-03-2016, 10:57 PM)crubs Wrote: [ -> ]Just got my hands on a copy of the latest "Juice in China 2015" report by Euromonitor. Can't share the document due to copy right issues, but I'll take a few quotes.
"The review period saw rocketing popularity of loquat juice drinks, with which domestic player, Shenzhen Grandness Industry Groups Co Ltd, was able to enjoy steady volume share gain amid fierce competition"
"Shenzhen Grandness Industry Groups Co Ltd saw the biggest increase in off-trade volume sales of juice in 2015, up by 33%. Its unique product, Grandness-branded Loquat juice, has become increasingly popular and accepted, and is well known for its varied healthcare benefits....."
"With such a unique product, the company enjoyed a stable volume share gain over the entire review period"
In this Juice category, Sino Grandness was ranked #5 in terms of volume and #4 in terms of sales value in 2015, compared to #7 and #7 respectively in 2014.
Those who want more details can purchase the report on Euromonitor's website.
Perhaps forummers should read this short report/article from 2014 to get some perspective.
http://www.valueinvestorsclub.com/idea/S...try/128233
I also find it odd that crubs has only posted on Sino Grandness thread since joining as a member in april last year.
Just sayin'
All those points from newman9 has been discredited. No longer relevant.
Do not know what your intention is by bringing newman9 report out. Best you get out of your short position.
I believe all those vested in SG knew all about newman9. The report sought to drive down the price of SG and like it or not, it worked. All done and dusted and newman9 already benefited. Question is who is newman9 and the gain was at the expense of who? We all know the answers. No point reignite another round of debate. You not vested good, those with faith so far so good. This is not to say invest in SG is risk free, far from it. But please don't perceive those who vested as ignorant fool. Also, what's the point of casting aspersion on crubs? Are you implying he is bias? Just take a look at your signature, isn't you bias with everything that has got to do with Tiong Kok?
Bluekelah
If you have read Newman9 report, and compare with what actually have taken place you will know that he is not credible.
His said that "Based on our extensive research, we have come to a view that published financials have been materially misrepresented." and "Tighter listing requirements and tepid investor demand are already causing Hong Kong listing plans to be abandoned at other companies. Notably, sponsors now face criminal liability if misstatements are found in the prospectus."
It is clear by now that the IPO sponsors have completed their work.
Newman9 also said " Garden Fresh does not appear in the top 23 of Euromonitor data or the top 13 of Nielsen data, which is as far as either company breaks out the data."
Now Euromonitor has covered loquat juice and the survey results confirm the scale of Garden Fresh.
You are questioning the motive of Crubs by saying that " I also find it odd that crubs has only posted on Sino Grandness thread since joining as a member in april last year."
It is unbecoming to question his motive. I can also say that you have commented on many companies, and I doubt you know much about them.
I can also question you motive in surfacing Newman9 report.
(13-03-2016, 10:10 AM)Bluechipfan Wrote: [ -> ]I believe all those vested in SG knew all about newman9. The report sought to drive down the price of SG and like it or not, it worked. All done and dusted and newman9 already benefited. Question is who is newman9 and the gain was at the expense of who? We all know the answers. No point reignite another round of debate. You not vested good, those with faith so far so good. This is not to say invest in SG is risk free, far from it. But please don't perceive those who vested as ignorant fool. Also, what's the point of casting aspersion on crubs? Are you implying he is bias? Just take a look at your signature, isn't you bias with everything that has got to do with Tiong Kok?
BCF: TBH I have never heard of newman9 and funny you should mention newman9, we have an oldman9 here which also surprisingly to me was create a month before crubs account was in march last year and has only posted in SinoGrandness thread as well.
As usual my intention is misunderstood, I am not trying to cast aspersion on crubs, I would never do that to any genuine forummer who has joined this forum. Hoever since you mentioned it I am saying crubs and now oldman9 are suspicious accounts that very likely could have been created for the sole purpose of posting in forums and influencing public opinions in forums. Hopefully CF and other moderators have picked up on this and are checking the login IPs, though it can be difficult to find if the poster is more highly sophisticated. We have had a few accounts banned these couple years and the pattern is the same, they post bullish post everday, citing the same bullish argument every time.
Of course it doesn't affect the more experienced value investors on valuebuddies who will remain not vested, but still post negative posts on companies like SG, as and when we see what we consider red flags, which are the risks, which we think should be mentioned as well.