Yinggao Share Discussion Threads

[davydoo] 08/2/2012 16:40

5p? Are you having a laugh? That's an acquisition price not a delist one.

To be honest I'd take mid if they were delisting. But there has to be value in shaking off all us PI's so I'd expect at least a small premium, but it's not as if we can vote against anything. One of the risks of holding here.

Still hoping for a listing. Agree a decision on the mine could be significant.

[damanko] 08/2/2012 16:21

buggy, your prediction of 5p is so far north of my expectations, if it should prove to be true I'll send you a bottle of very fine champagne. You have my word .... (and I may need your address, but sadly I doubt it).

[buggy] 08/2/2012 16:16

I suspect this is a delist. Not sure my sentiments but I would not cry in my tea if they pay a hefty prenium. I will take 5p per share... will be delighted if it is much higher.

[camy] 08/2/2012 15:47

There has been little or no progress in recent years regarding the exploitation of their potentially valuable mine/quarry asset. To achieve same would involve considerable expense in terms of provision of one or more bulk carrier ships etc. I suggested (but got no reply) that they should consider the disposal/farm out of this asset as it is certainly none core and could be better exploited either by or in concert with a third party. One hopes for good news, only time will tell.

[damanko] 08/2/2012 12:43

Matt - I tried the NOMAD some time ago, they were unable to say anything save for repeating the RNS to me. Asked if they were able to say when the announcement might be made - no sir. Standard fare.

Davy, good luck with the exam, put Oriental fortune out of your head for now..........

[davydoo] 08/2/2012 12:36

I haven't, just about to go into a 3 hour exam, so will look to see what's happened later. Will call before cob though if no news.

[mattjos] 08/2/2012 12:33

let's hope there is no skullduggery here and that decent things are planned for the minority shareholders. no real movement in the price or volume ahead of this so whatever it is seemes not to have leaked.
Same as you Davy, I'd much prefer the listing is kept and investors can remain on-board, on the basis of the last 2 years that is.
I'm ex the uk at present. Anyone tried the broker?

[davydoo] 08/2/2012 11:48

Yes, I presume it is deemed substantial to the business and therefore share price.

I just hope it's not a delist, as once unsuspended they'll plunge

Hopefully the fee float is small enough that if they do want to take it off, they just offer a decent price and remove all the headache of small private holders later. As CHNS did.

I hope not of course, prefer to benefit from continued growth here.

[damanko] 08/2/2012 11:42

"The Company has requested a temporary suspension of its shares from trading on AIM. A further, more detailed, announcement will be made in due course."

The word temporary key here.

[damanko] 08/2/2012 11:40

Seems we need to wait small, not necessarily a bad thing, may well be some major corporate change/event about to be announced. Ever the optimist.....

[damanko] 08/2/2012 11:35

8th February 2012: Curious and curiouser........

Regulatory Story
Go to market news section

Company AIM
TIDM
Headline Suspension - Yinggao Holdings plc
Released 11:30 08-Feb-2012
Number 0270X11

RNS Number : 0270X
AIM
08 February 2012

NOTICE
08/02/2012 11:30am

TEMPORARY SUSPENSION OF TRADING ON AIM
YINGGAO HOLDINGS PLC

At the request of the company trading on AIM for the under-mentioned securities has been temporarily suspended from 08/02/2012 11:30am, pending an announcement.

Ordinary Shares of 0.5p each, fully paid (0375474)(GB0003754743)

If you have any queries relating to the above, please contact the company's nominated adviser on 020 7776 6550.

[davydoo] 26/1/2012 22:23

had to chuckle when i just looked at last years accounts and realised the name of the company secretary is 'Kit Ching'

clearly destined for a career in finance

[davydoo] 26/1/2012 22:11

Quite right damanko, I had the 3% figure in my head when i typed that, but its a 93% major holder, not a 3% float.

Just worked out I have about 1% of it

[damanko] 26/1/2012 10:11

davy, with a market cap of around 34 million, I think the 'free float' is in the order of 2.35 million, though I take the point. It's tiny......

[davydoo] 25/1/2012 22:25

blimey indeed, fairly decent size too, when theres only approx £1m in free float

[mattjos] 25/1/2012 21:12

blimey .. a trade! & a buy at that :-)

I do wonder how we are doing in our metals trading division. Copper was the main focus and still very strong trends in chinese copper purchasing

[mattjos] 20/1/2012 14:08

i cant see the majority shareholder being too keen to do that simply to satisfy the meagre PI demand at this lowly price point ... perhaps when we are further towards 10p / share, then maybe or if they are approached by a larger body wanting to take some stock (pretty unlikely at present).
Meanwhile, the business seems to be performing well enough and that in itself should cause a gradual trending upwards as you suggest.
As I've said before, i simply intend to keep salting a few away during the bi-anual weak trough in the share price for the next couple of years.

[damanko] 20/1/2012 13:45

I believe you may well be right, though I'd hope that one of our posters may find that information. And post it. Whatever, little real volume of note, and little interest in the company or its prospects.

Having been an investor for nearly a decade (and actually writing off that investment - in mental terms, halfway through that period) - as usual the only real activity comes twice each year. And then little volume, little attention, little mention...... As Kurt Vonnegut would have said - and so it goes. In the case of Yinggao - year after year.

I reckon that attractive though the free float of shares can somehow appear (in terms of sudden share price spikes) - the YGH share price will not gradually appreciate the way another, similar enterprise might (given recent results and prospects).

Unless the majority shareholder releases more equity onto the market. Just my opinion.

[davydoo] 19/1/2012 22:09

I understand through comment on another board, that PLUS may not be displaying trades any more

[damanko] 19/1/2012 21:45

LSE recent trades:

Time/Date Price Volume Trade value Type
09:45:52 18-Jan-12 1.78 13,500 239.62 O
08:03:23 09-Jan-12 1.50 1,903 28.54 O
15:31:10 05-Jan-12 1.87 26,017 487.56 O
09:26:15 03-Jan-12 1.62 14,500 235.62 O
11:08:32 30-Dec-11 1.87 26,017 487.56 O

Very tiny amounts, very off the radar.

PLUS data states no trades since November (though better connected posters have corrected me on the PLUS trades before).

Not a lot going on. Comme d'habitude. Must brush up on my Mandarin.......

[mattjos] 12/1/2012 16:59

tempted as i might be to have a much bigger holding Davy, I content myself with the odd pick-up as boredom gets the better of others. The spread will always deter the short term trading element here but, i've always seen this as a long term investment at least until such time as the company has grown to the point where a n other stakeholder might consider coming on board.
I still like the company and the opportuinity here. They have an intent to dominate their local market sector and continue to execute on that plan, profitably & growing a pot of cash too.
The majority stakeholder is, i suspect, providing not just funding (by way of how the barge fleet is being expanded) but, also acting as a mentor to the relative youth of the execs in place - so we have the dynamism of youth if you like tempered with the wisdom of the mentor.
Its not an uncommon business arrangement to help grow small companies and it should ensure they dont depart too far from the strategy (as in the past).

As has been commented on here before ... give it 2-3 years and i believe Yinggao will be quite a force to be reckoned with and will be of a size to act as a consolidator in the sector and therefore have greater pricing power too

[davydoo] 12/1/2012 15:51

duplicate, sorry.

[davydoo] 12/1/2012 15:50

Was just quoted 1.78 to buy, pretty good if anyone is looking to buy, but was put off by market spread.

[mattjos] 12/1/2012 14:18

some of the recent reports on Copper imports into China towards the year end have been very bullish. It will be interesting to see the mgmnt commntary and figures on the metals trading and transport thereof for H2