China Biodiesel Share Discussion Threads

[aim11] 17/11/2009 16:56

the price of diesel and gasoline in china has been rising quite sharply in recent wks and closed the gap that had opened up between output prices and feedstock, as far as i can tell. expect cbi prices to have risen in line with diesel etc i imagine?

[taurusthebear] 17/11/2009 13:33

Blimey, CBI comes back a tad. Oversold, IMO, but it takes a while to sink in. No fireworks expected this side of the next update... :0)

[tim00] 17/11/2009 09:47

no, we don't have any information sources on feedstock prices.

[qipincha] 17/11/2009 09:26

the selling price of diesel is 6360RMB/ton,
it was RMB 3,942 per ton (2008: RMB 6,671 per ton)
any idea of feedstock price?

[jkershaw] 12/11/2009 17:15

The overall health of this company is good, profitable and no debt with sales growth. Down side is margin pressures! However could this be a cup and handle I see forming? As the stock comes up to test the old highs, the stock will incur selling pressure by the people who bought at or near the old high. This selling pressure will make the stock price trade sideways with a tendency towards a downtrend for four days to four weeks... then it takes off.

[aim11] 10/11/2009 16:39

it will definitely help - in fact the price rises have been quite strong for diesel and gasoline over the last month already, so i'd expect cbi's product prices to be rising too. there is just a lag between their prices and the feedstock price which caused margins to shrink, seems v similar to haike except the govt grants etc keeps cbi profitable throughout and cbi doesnt have any debt.

[qipincha] 10/11/2009 16:16

it is confirmed that the diesel and petrol price increase 480RMB/ton from mid-night tonight.

[qipincha] 09/11/2009 20:16

the market sentiment is quite poor :(

[tim00] 09/11/2009 17:21

well it can't do any harm!

[qipincha] 09/11/2009 17:02

that's really a good news...
I wonder how it may affect cbi's business

[aim11] 09/11/2009 16:18

480cny price increase confirmed apparently.

[qipincha] 09/11/2009 08:49

given the fact that the company is still making money, I think current share price is very cheap

[qipincha] 09/11/2009 08:41

what price it might settled?

[taurusthebear] 09/11/2009 08:24

jb - Sabah = GMT + 8. :0)

[aim11] 08/11/2009 15:45

i think fact stock didnt move higher in the last few months with other small caps may suggest there were already worries about downturn in margins at chinese refiners and related businesses. @10p its priced in imho, and in fact product prices are starting to move higher - i think refined products are up 6% in the last few wks.

[jailbird] 08/11/2009 04:45

ttb,

working nites too or just awake

surprised to see any updates tis time of night..:-)

[taurusthebear] 08/11/2009 03:42

I'd expect further weakness in the days ahead, jb, so you may get your chance. Whilst the rating looks fair at 10-12p, many will obviously be disappointed by the RNS. CBI can increase capacity no end, but if the margins suffer, so does the profit.

Content to hold, but I won't be adding at 10p. :0)

[jailbird] 08/11/2009 00:54

tried to get some @8p, but mkt moved these up a bit sharply.

[qipincha] 07/11/2009 15:44

2009 H1 3.92m
2008 full year 4.31m
2009 profit > 2008 profit
then 2009 H2 profit should be at least 0.4m, still make profit

[tim00] 06/11/2009 18:59

correct figures.

[aim11] 06/11/2009 18:57

they made 1.2p in h1 correct? roughly. so it sounds like they are still profitable in h2 but lower level, so say 1.5p+ for 2009 in total and that's on a bad h2. no debt. govt backing. seems cheap to me. think i'll keep holding.

[tim00] 06/11/2009 18:53

agreed, this is a sleeper for the moment, but at some point it will be a waking giant! I just don't know when! Anyway I bought more shares today and plan to get to about 1% of the company fairly soon. I'll then put them in the bottom drawer so to speak.

[aim11] 06/11/2009 18:50

shocking few years for cbi and haike tho, being an investor in these businesses has been dreadful, can't believe it can get a lot worse

[aim11] 06/11/2009 18:49

valuing these businesses on near term eps isn't really appropriate. Minimal debt, profitable even in tough years and in a good long term position makes CBI interesting imho. the govt is always going to support CBI via rebates and grants enough to make them profitable even when demand is weak.