hkl
This was asked in 2010:
Q8: How has current weather conditions China impacted China Essence's potato production?
China Essence potato production sites, which are located in Heilongjiang and Inner Mongolia, have not been affected by the floods that plagued certain parts of China in July. This is because Heilongjiang is mostly flatland and hence, heavy rainfall does minimal harm to the fields. Being headquartered in Heilongjiang also has its strategic advantages in that the fertile black soils of the Province enable the production of premium potatoes, which in turn ensures the high quality of the Company's products.
As pointed by by Muicwhiz, "When in doubt, avoid."
hkl
This was asked in 2010:
Q8: How has current weather conditions China impacted China Essence's potato production?
China Essence potato production sites, which are located in Heilongjiang and Inner Mongolia, have not been affected by the floods that plagued certain parts of China in July. This is because Heilongjiang is mostly flatland and hence, heavy rainfall does minimal harm to the fields. Being headquartered in Heilongjiang also has its strategic advantages in that the fertile black soils of the Province enable the production of premium potatoes, which in turn ensures the high quality of the Company's products.
As pointed by by Muicwhiz, "When in doubt, avoid."
Joint venture announcement on modified starch should be on the way soon, given that quite some time has passed since the company last mentioned about this during the results briefing last year...
With the additional cash injection from the interested party, essence position should be shored up
If the party is a foreign company, all the more better
Dear guys
See your sight further and be more strategic and you will be handsomely rewarded...
Getting loans in China now is not easy...the fact that Essence managed to secure loans after loans from local chinese banks say a lot about their relationship with Chinese govts
China Essence is not for the faint-hearted definitely..
High Risk and High Return
(13-03-2012, 03:33 PM)Musicwhiz Wrote: [ -> ]I have a very simple rule which I live by when it comes to investing - When in doubt, avoid. 
Q4 results will be bloodbath too....So full year result is going to be probably more than RMB 200mil loss...How is this company going to survive?
(27-03-2012, 12:54 PM)Underdogger Wrote: [ -> ]Q4 results will be bloodbath too....So full year result is going to be probably more than RMB 200mil loss...How is this company going to survive?
The trick is to observe the cash flows. If they are poor and deteriorating, then it's best to avoid.
Income Statement can hide quite a lot of stuff, and revenue recognition can be distorted due to accrual accounting. Cash is harder (but not impossible) to fake.
(27-03-2012, 01:24 PM)Musicwhiz Wrote: [ -> ] (27-03-2012, 12:54 PM)Underdogger Wrote: [ -> ]Q4 results will be bloodbath too....So full year result is going to be probably more than RMB 200mil loss...How is this company going to survive?
The trick is to observe the cash flows. If they are poor and deteriorating, then it's best to avoid.
Income Statement can hide quite a lot of stuff, and revenue recognition can be distorted due to accrual accounting. Cash is harder (but not impossible) to fake.
how to observe the cashflow..can share more in details? thanks
do you think China Essence will face a cashflow crunch?