China Merchants Holdings Pacific

1 for 20 bonus issue. Suspect this might be a move to further push down the cb conversion price without using cash. 7 cents ahead will cost more then.?

(27-02-2015, 05:53 PM)Jack31 Wrote: 1 for 20 bonus issue. Suspect this might be a move to further push down the cb conversion price without using cash. 7 cents ahead will cost more then.?

If they maintain 7 cents dividend for FY 2015, its a 5% increment in dividends for shareholders.

The results looks splendid. Share price has appreciated well. It has gotten more complicating over the years due to its M&A so will look through it carefully first before posting my views (if any). A rare breed of S Chip.

(Vested)

Will the bonus shares be entitled to the dividend declared too?

(27-02-2015, 05:53 PM)Jack31 Wrote: 1 for 20 bonus issue. Suspect this might be a move to further push down the cb conversion price without using cash. 7 cents ahead will cost more then.?

I think the CB price conversion will adjust accordingly...

"Any adjustments which are required will be made in accordance with the terms and conditions of the Convertible Bonds to mitigate any potential equity dilution resulting from the Proposed Bonus Issue and to ensure that the status of the holders of the Convertible Bonds is not prejudiced thereafter. "

CMP mgt is on a mission.

They have little worries over the bonus issue initiatives to enlarge its share cap notwithstanding the outstanding shares to be converted from the convertibles.

I guess they have plenty of rabbits up their sleeves. Stay tune.

Vested
Core Holdings

Congratulate to all fellow shareholders, for the performance, dividend and bonus share.

Need more time to digest the report.

(happily vested)

HI Buddies,

I have a few questions.

It is stated that Jiurui contribute 12 mio to profits, and in its review it is state "negative goodwill amounting to HK$22.8 million arising from the acquisition of Jiurui Expressway. "

So jiurui actually still making a loss of 10 mio??? correct? I thought the Jiurui's turnaround is super fast, until I saw that statement.

Also it states that
Guihuang Highway ". Profit contribution from Gui Huang joint ventures increased 8.7% to HK$134.2 million, mainly attributable to higher toll revenue and other toll road related income achieved,

But the traffic vol for road is actuall lower. I am not sure how to comprehend the numbers with the statement, can someone enlighten me?

(28-02-2015, 10:40 AM)Greenrookie Wrote: HI Buddies,

I have a few questions.

It is stated that Jiurui contribute 12 mio to profits, and in its review it is state "negative goodwill amounting to HK$22.8 million arising from the acquisition of Jiurui Expressway. "

So jiurui actually still making a loss of 10 mio??? correct? I thought the Jiurui's turnaround is super fast, until I saw that statement.

Also it states that
Guihuang Highway ". Profit contribution from Gui Huang joint ventures increased 8.7% to HK$134.2 million, mainly attributable to higher toll revenue and other toll road related income achieved,

But the traffic vol for road is actuall lower. I am not sure how to comprehend the numbers with the statement, can someone enlighten me?

Jiurui did report HK$12 million core operating profit.

http://infopub.sgx.com/FileOpen/FY2014-A...eID=336541 [Toll Ops]

At the bottom, under 'Other Revenue and Expenses', the negative goodwill is included there and not under the Jiurui results.

The turnaround is due to the sharp reduction in financing expenses.

(28-02-2015, 11:29 AM)Nick Wrote:

(28-02-2015, 10:40 AM)Greenrookie Wrote: HI Buddies,

I have a few questions.

It is stated that Jiurui contribute 12 mio to profits, and in its review it is state "negative goodwill amounting to HK$22.8 million arising from the acquisition of Jiurui Expressway. "

So jiurui actually still making a loss of 10 mio??? correct? I thought the Jiurui's turnaround is super fast, until I saw that statement.

Also it states that
Guihuang Highway ". Profit contribution from Gui Huang joint ventures increased 8.7% to HK$134.2 million, mainly attributable to higher toll revenue and other toll road related income achieved,

But the traffic vol for road is actuall lower. I am not sure how to comprehend the numbers with the statement, can someone enlighten me?

Jiurui did report HK$12 million core operating profit.

http://infopub.sgx.com/FileOpen/FY2014-A...eID=336541 [Toll Ops]

At the bottom, under 'Other Revenue and Expenses', the negative goodwill is included there and not under the Jiurui results.

The turnaround is due to the sharp reduction in financing expenses.

Thanks Nick,

How about the traffic cop falling but rev increasing ??

(28-02-2015, 12:13 PM)Greenrookie Wrote:

(28-02-2015, 11:29 AM)Nick Wrote:

(28-02-2015, 10:40 AM)Greenrookie Wrote: HI Buddies,

I have a few questions.

It is stated that Jiurui contribute 12 mio to profits, and in its review it is state "negative goodwill amounting to HK$22.8 million arising from the acquisition of Jiurui Expressway. "

So jiurui actually still making a loss of 10 mio??? correct? I thought the Jiurui's turnaround is super fast, until I saw that statement.

Also it states that
Guihuang Highway ". Profit contribution from Gui Huang joint ventures increased 8.7% to HK$134.2 million, mainly attributable to higher toll revenue and other toll road related income achieved,

But the traffic vol for road is actuall lower. I am not sure how to comprehend the numbers with the statement, can someone enlighten me?

Jiurui did report HK$12 million core operating profit.

http://infopub.sgx.com/FileOpen/FY2014-A...eID=336541 [Toll Ops]

At the bottom, under 'Other Revenue and Expenses', the negative goodwill is included there and not under the Jiurui results.

The turnaround is due to the sharp reduction in financing expenses.

Thanks Nick,

How about the traffic cop falling but rev increasing ??

They had a toll booth relocation so it may have resulted in changes to toll fees ? Less cars but longer travel distance ? Not too certain.