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Real-Time news about Yinggao Hldgs (London Stock Exchange): 0 recent articles
|zangdook: They may be copying the Sinosoft model - announce unexpected bad news, let the share price fall (or just stay suspended - how far can this fall) and then ever so reluctantly take it private on the cheap.|
|davydoo: No news on suspension being lifted concerns me, whatever the impact to the share price might be. BTC went to the wire of being suspended for nearly six months, before it would have had to delist due to AIM rules as i understand it.
The last line of the statement is interesting regarding impact to trading, because aside from any additional costs of meeting the requirements of the authorities, it implies a reduction in business, and therefore suggests they know certain business won't now be forthcoming, perhaps because they know the customer that is being investigated, unless there is potential for reputational damage of some sort leading to reduced trade.
Another concern I have is that this adds to pressure to delist, as presumably they would not have to make these kind of market declarations as a private co|
|davydoo: 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: 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.|
As an exercise, I just attempted to purchase 100,000 shares - from the outfit I've used many times in the last few years. "Sorry, your trade cannot be executed" was the answer/result.
I think that may be good news, funnily enough.
Also think that day's end may see a little movement in the share price. We'll see......|
Not sure anything can help with the liquidity .. unless the majority owner releases more shares to the market.
Most PI that has the shares have them under lock and keys so there is not many around hence teh wild swings in share price.|
|mattjos: when i enquired of the company in early December, one of the questions i had, was how big the barging fleet was at present and was it the case that the fleet was to be expanded by another 10 barges in total or, at a rate of 10 barges per year as, the prior announcements were not totally clear in the wording & I was a little unclear
I was advised that as at start of December they had 15 barges in the fleet corresponding to a capacity of 32,000Mt with the majority shareholder planning to deliver at least 10 new vessels per annum. Size of vessels is 228TEU. So that cleared up the ambiguity in the prior announcements for me.
That was a point i felt which followers here may not have fully grasped and indicates a 60% growth rate in the barge fleet for 2011. That is some rate of expansion to consider.
I was also advised that they will talk more about the future plans of the company in the FY results, which i am looking forward to .... a plan of future intentions and then a little more regular newsflow to help the market gauge progress through 2011&12 would, imo, do wonders for the share price and the liquidity here|
|damanko: The company gives no guidance, in fact - if you look at recent years - it announces the bare minimum, ie what is required by the rules of AIM only.
Having bought 8 years ago at 6p, then watch it become virtually (price wise) worthless, and then averaging down, I find that right at this moment (were I to sell...) - I'd just about break even.
I shan't be selling though, life's too short, and there may even be more to come. Older holders and readers of the thread will know that quite often with this company (in fact more often than not....) - rises and falls in the share price have little rhyme or reason.|
|damanko: Recent trades from LSE:
Time/Date Price Volume Trade value Type
08:23:48 2.33 100,000 2,330.00 O
08:01:28 2.10 100,000 2,100.00 O
16:13:07 24-Jan-11 2.34 4,870 113.96 O
15:43:00 21-Jan-11 2.04 75,000 1,526.25 O
13:32:13 21-Jan-11 2.19 250,000 5,475.00 O
Recent trades from PLUS Markets:
24/01/2011 11:33 O 10,000 @ 2.34
24/01/2011 10:18 O 10,155 @ 2.34
21/01/2011 16:09 O 75,000 @ 2.06
21/01/2011 11:25 O 75,000 @ 1.95
19/01/2011 15:42 O 12,773 @ 2.25
18/01/2011 08:30 O 50,000 @ 2.25
As usual with YGH, not a great deal of volume, but what there has been recently all appear to be buys. No doubt a reflection of the (relatively) tiny amount of free float shares in existence, but whatever - these trades are moving the share price. In fact we're entering price territory not seen in this share for a long, long time.|
|buggy: Single share holder still controls over 90% of company.
I am same with you , regards majority share holding, except that this company seems to be different. Corporate governance is very good, unlike a host of small Chinese companies. One of the reason I decided to take a holding. Majority share holder sold shares when the price was a lot higher so I am hopefull that he will sell more to improve liquidity when the share price reaches what he considers to be a fair value.
In fact arms lenght agreement with the majority share holder will be one of the key growth drivers : the majority share holders pays for the construction of high tonnage vessels and leases the vessels to YGH. [Construction cost of each of the vessels runs into several million pounds ==> this deal means that YGH can grow without having to pay for construction of new vessels as:
(a) the company do not have the resource to construct new vessels
(b) is insulated from from over capacity if there is a down turn in demand, as the company will just release he leased vessel.
EDIT: I would worry more where a majority holder owns about 51-70% [ In that case there is more to be gained by grabbing more of the percentage].
When you own over 93% of a company I doubt if you would bother about the remaining 7%. If nothing else he would need these investors to remain as a publicly quoted company in AIM. ==> That still counts for something, especially when you are trying to cut a deal with international shipping lines.|
Yinggao share price data is direct from the London Stock Exchange