if china essence cannot recover its A/R from its customers fast enough, then it will be facing a cash crunch, no matter how good the future prospect may be....
(28-03-2012, 10:45 PM)Curiousparty Wrote: [ -> ]do you think China Essence will face a cashflow crunch?
No one talking about this any more...
I think the Potato Chao Ta Liao.
large selling orders at 14 cents - 500 lots..
the sellers pushing lower and lower...
Full year financial numbers will look very bad indeed..
Q4 will be expected to be in heavy loss too given the depressed starch price..
Droppping lower and lower - matter of time before dropping below 10 cents....
Seems that bids are already below 10 cents - Agree that it is a matter of time before it drops below 10 cents.
Maybe when Q4 cum Full-year results are announced, it may dip another leg down..
will be a futile attempt to buy now since the starch price is still so depressed. Need to wait until the start of the next harvesting cycle in August. If the company screws up again in their contracting with farmers again, then it will a doom...
Previously, company explained the sharp drop in starch price along the line that farmers hogged the potato and released them, causing starch and potato prices to drop - Plausible? Herd mentality of farmers? Collusion amongst farmers?
(19-04-2012, 08:43 AM)potatolover Wrote: [ -> ]Seems that bids are already below 10 cents - Agree that it is a matter of time before it drops below 10 cents.
Maybe when Q4 cum Full-year results are announced, it may dip another leg down..
Full-year loss could breach the RMB 200mil....
And still no news of DBS loan refinancing?
Not sure how DBS will view the latest set of full-yr financial results and factor it into their loan negotiation with the company...
(19-04-2012, 04:03 PM)Underdogger Wrote: [ -> ]Full-year loss could breach the RMB 200mil....
And still no news of DBS loan refinancing?
Not sure how DBS will view the latest set of full-yr financial results and factor it into their loan negotiation with the company...
Using a Hokkien description, DBS is like Lampar kena stuck in wooden house.
You know what it means?
DBS is held hostage?
Even if it pulls the plug, the money is in China. The local PRC banks will get paid back first, rather than DBS...
So it is like sucking its thumb?
(19-04-2012, 06:07 PM)xlandjy Wrote: [ -> ] (19-04-2012, 04:03 PM)Underdogger Wrote: [ -> ]Full-year loss could breach the RMB 200mil....
And still no news of DBS loan refinancing?
Not sure how DBS will view the latest set of full-yr financial results and factor it into their loan negotiation with the company...
Using a Hokkien description, DBS is like Lampar kena stuck in wooden house.
You know what it means?
More than 300 lots done and dipping lower...
Even hard core supporters giving up?