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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Origo Partners Plc | OPP | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
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|---|---|---|---|---|
| 0.00 | 0.00% | 0.075 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.075 |
| Top Posts |
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Posted at 13/9/2018 22:14 by happyyoshie I bought into this 3 years ago. Just a small punt of just few hundreds ££. My fault, I didn't research much into it as I thought only putting in few hundreds £. Reading the recent chairman report I'm shocked of so much money (investors/shareholdAnyone thinking there's can be some money to be salvaged for the shareholders? Or the share price might go up a little more and buying at this price might have chance of getting some money back? I really feel for those who bought in earlier days and got more invested in. |
Posted at 26/6/2018 16:09 by zcaprd7 Kincora welcomes a new cornerstone investorSource: PR Newswire (Canada)The LIM Asia Special Situations Master Fund Limited, a fund managed by LIM Advisors Limited ("LIM"), has acquired a 28.7% interest in KincoraThe off-market transactions remove recent overhangs to Kincora's share priceLIM is one of the longest operating alternative investment managers in Asiaand it invests across the corporate and capital structure in deep value and special situation opportunitiesVANCOUV |
Posted at 08/9/2016 13:49 by zcaprd7 Found this on kincora, one of the larger holdings :Kincora Copper well-positioned, as interest in Mongolia reawakensShare 11:19 13 May 2016Copper porphyries like Oyu Tolgoi tend to occur in clusters focused on key geological structures within established belts.?Oyu Tolgoi has sparked renewed interest in Mongolia's copper assetsOne of the rub-offs Rio Tinto's (LON:RIO) planned expansion of the giant Oyu Tolgoi copper mine in Mongolia was a short run on the shares ofKincora Copper Ltd (CVE:KCC).Kincora holds large tracts of land not far away from where Rio's operations are now moving up a gear.And the thinking is that copper porphyries like Oyu Tolgoi tend to occur in clusters focused on key geological structures within established belts.This is true in the Southwest Pacific, Arizona and the wider south-western United States and the Andes, particularly in Northern Chile.That's where the world's largest mine is located and the progressive discovery of copper porphyries was central in transforming the country's economy from the 1970s onwards.Within a comparable scale landmass, and similar important arc-parallel/transve |
Posted at 14/11/2014 16:29 by zcaprd7 LONDON (Alliance News) - Brooks Macdonald Group PLC Friday raised the stakes in its spat with Origo Partners PLC, deciding to requisition a general meeting of the China-focused private equity investment company in an attempt to make changes to its investing policy and board.In a statement, Brooks Macdonald said it has lost confidence in the ability of Origo's current board to oversee its realisation strategy and to act in the best interests of shareholders as a whole.Brooks Macdonald said there has been "no material progress" and "further significant erosion of ordinary shareholder value" more than a year into Origo's realisation strategy.In addition, Brooks Macdonald said it was not satisfied with proposals made by Origo at the end of October over changes to its management structure, incentive arrangements, investment strategy and asset realisation programme.Brooks Macdonald on Friday claimed that the proposals are "heavily" weighted in the interests of managers that have "already overseen value destruction" and that they "fail to align managers' interests with shareholders'".Brook |
Posted at 25/6/2013 20:50 by cerrito You can find good news especially with China cCeantech and to a lesser extent China Rice but more bad news.Indeed anyone reading the Chairman's statement one would have thought that Chinese Cleantech was their most important business but represents just 25% of the portfolio-albeit up from 15% at end 2011. Further writedown of the largest investment by book value-Gobi Coal and Energy inevitable and for me seems valuation seems somewhat generous-but then of course OPP gives us scant information as indeed does Gobi's website-if you press the news icon you get nothing. Impossible to get a feel for RM Williams and as one can expect as it is a private company no clues from its website. I see the March 2013 valuation is $4.3m a year earlier it was $33.3m This is not a cheap operation to run-witness in Q1 2013 there was a $2.3m hit for opex to the NAV. One important element of the P&L is the Performance Fee which was a positive $8.3m in 2012 compared to a negative of $13.4m in 2011 and Note 4 really adds no explanation except the following rather extraordinary comment: quote For the year ended 31 December 2012, performance incentive accruals of US$4,713K were approved by the board of directors of the Company (other than Chris Rynning and Niklas Ponnert) at the board meeting held on 20 June 2013.unquote Difficult to see anything that will set the share price alight; cash is beginning to be an issue as net cash at March 31 was $14.4m compared to $24 at 31.12.12. Why on earth they spent $3m odd buying their ZDP's heaven only knows. Divestments do not seem likely and other operating expenses were $9.5m last year-to me their cash flow statement was not helpful. I will keep what I have but as I have said before they do not seem to hide the fact that they regard their retail investors as a pain-certainly they give us the bare minimum of financial information.I have sold my zeros over the last month. PS Fascinating to see their investment company Nutech taking their Chinese clean technology to Germany..well done them. |
Posted at 06/2/2013 10:26 by sportsauto Mongolia Draft Mining Law Threatens Investment Climate -Business GroupBy Alex MacDonald LONDON--Proposed changes to Mongolia's mining law threaten to undermine the economic viability of its fledgling mining sector, with negative consequences for the entire economy and future investment in the country, business leaders and investors warned. The legislation, which includes a requirement for existing miners to relinquish stakes in projects to indigenous groups, marks a departure from the free-market principles that have benefited the country since the 1990s, The Business Council of Mongolia, the country's largest business group, said in a four-page open letter to Mongolia's president last week. |
Posted at 06/8/2012 08:40 by the count of monte_cristo Hi Humbugg,No, see the below link - Identity and percentage holding of significant shareholders Last Updated: 30 Jun 2012 |
Posted at 03/8/2012 11:29 by shroder I get the update via email, drop them a line to be included. This months update; U shaped recovery Whereas the Chinese economy has been slowing down to 7.6% in Q2, Origo continue to believe in a U-shaped recovery for Q3 and Q4 2012. We know that the central government is very concerned with a slowdown below 8%, and is currently putting a wide variety of measures in place to ensure they are meeting these targets. Among all the gloom and doom in news and markets, you will find this outlook refreshingly bullish. In Origo¡¯s opinion, now is a good time to be positioning yourself for a Chinese recovery. Economic policies to stimulate growth The Chinese government is worried, which means they are very focused on the tasks ahead. Growth below 7.5% means growing joblessness coupled with social unrest for the central politicians; and by implication, ¡°no promotion¡± for the local politicians ¨C leaving them in rural provinces and 3rd tier cities. None of this is an option for the people in charge. Hence, 4 key policies are being rolled out ¨C and are all covered widely by Chinese news: Easing of monetary policies. Expect further easing of monetary policies. We expect at least 2 more cuts of the bank reserve ratio and at least 1 more cut in the interest rate. Speed approval of Fixed Asset Investments. During May of 2012, twice as many investment projects were approved as in May 2011. NDRC is now working overtime on both completing older and approving new projects. Tax Cuts. One week ago, we saw the news that the reform process of sales tax/VAT is extended from Shanghai to 10 other key cities in China. The government used to collect tax on volume of sales, and have now decided to move to a more traditional VAT model. This will provide significant capital to Chinese businesses and economy and underpin a more positive investment sentiment. Consumption stimulus. Large and small programs are being rolled out seeking to stimulate consumption. In particular, the so-called ¡°Green Engine¡± and ¡°Energy Efficiency¡± programs will make significant impact. We expect all Chinese electric vehicle and battery companies benefit hugely from this new wave, as consumers and businesses are going green. As anecdotal evidence of the same, Origo¡¯s portfolio company, Unipower Batteries, is seeing strong up-trend in sales revenue year to date in 2012. GDP growth of 8.1% for 2012 As the programs above start to take shape, we believe in a U-shaped recovery in Q3 and Q4 2012. Our economic model predicts GDP growth for the whole year of 2012 at 8.1%, reaching 8.5% in Q4 2012. We also believe that China will stay at this growth level for 2013 and 2014 (band of 7.8%-8.2%) as the new political leadership continues the economic restructuring programs. CPI continues not to be a concern for us. With price increases in food, the main driver of CPI, still relatively low, we expect CPI for 2012 to be around 2.7%. Here observers should, however, notice that there is a huge base effect that will mislead many. During spring 2011, we had food prices running out of control (especially pork) and many officials panicking. CPI numbers were indeed high, and for a year-on-year comparison, the CPI numbers this year will look very low. What is important to point out though, is that the Chinese agricultural situation seems to be very much under control. In the main food basket of China ¨C DongBei or Manchuria ¨C food production is very solid and reported to be close to all-time highs. Origo see this with our rice processing company, China Rice Limited, which is reporting production numbers in line with and above 2011. In the pork segment, we are hearing that the stock is in very good shape and is expected to be up about 20% in 2012 compared with 2011. The very important relevance here is that the current draught in North America is not expected to materially impact China, and that China¡¯s domestic production is likely to be solid. A difficult domestic food situation could have changed much in China, but that the supply situation is so strong is very comforting to us. All in all, China is today not very reliant on food imports, but we expect this to change ¨C possibly quite dramatically over the next decade. Why? First, there are less and less farmers. The Chinese farmers want to move to cities and take part of the new economic dream. There simply will not be enough farmers around. Second, land scarcity (urbanization) and new environmental regulations will make it more and more difficult to operate. As such, it is very predictable that Chinese food imports will go up significantly in the next years/decade. Being positioned for China¡¯s ¡°net short¡± position in food will be a major opportunity for international investors. Economic rebalancing Chinese export continues to be relatively weak and we expect it to be below 10% growth with the renminbi exchange rate also moving against Chinese exporters, increasing the cost of Chinese exports. Import is growing faster, thereby continuing to shrink the trade balance. This structural change is very likely to continue, as China moves away from an export oriented economy. At less than 2% of GDP, trade imbalance with China is hardly a credible topic. Housing market Both prices and transaction volume is showing growth and resilience in the last months in major cities and provinces. Rising prices and confidence in the property market is essential for maintaining or growing economic activity. However, Premier Wen Jia Bao has committed himself personally to making sure the housing market does not further inflate. His lieutenants are checking and re-checking that local governments are not going behind his back in allowing expansionary housing policies. Origo believes that the incoming new Chinese leadership is not as vested into these policies, - and it is therefore quite likely that they may allow the housing market to rise gently after the ¡°handover¡±. Equity market Origo continue to believe there is a rare opportunity to position itself well in Chinese stocks right now, both foreign listed Chinese companies as well as in A-shares and selected H-shares. PE ratios are at historic lows and the economy is on a rebound. If you talk to Chinese asset managers, they will tell you that the equity market holds huge value and now is an attractive time to get in. However, when we talk to private Chinese investors and individuals in China, they do not believe the same. Private investors need tangible signs that the economy is sound and good before investing. That tangible confidence will only come by seeing increasing property prices, and rebounding economic data and profits. As Q3 and Q4 numbers will come in stronger, showing such a rebound, we believe private investors will come back into Chinese equities with a rally to follow. What is the risk in China then? Origo believe that the key risk is that the government is too concerned with the housing market, further depressing companies and individuals¡¯ investment and consumption sentiment. We believe that President Hu Jin Tao and the new incoming leadership have a ¡°bigger picture view¡±. This means, as mentioned above, that they are not ¡°as married¡± to controlling the housing market. Rather, they believe that they need to keep GDP growth stable, and that while the housing market has a problem, it cannot be fixed in a couple of quarters. Political leadership change, important implications Whereas some of the new leaders¡¯ identities are widely expected, we cannot be absolutely sure who the new leaders will be. Maybe surprisingly, nobody knows. The Polit Bureau does not know; not even the individuals themselves know. Up until the very last days, this will be a competition. What we do believe is that the new Chinese leadership will be a very pragmatic leadership. Most of them will have spent part of their childhood in the countryside as farmers, same as Deng Xiao Peng. Practicality often comes from simple beginnings. They will all have had political leadership challenges in provincial and local governments far away from Beijing. They will all have had to face tough local challenges. Most of their children and most of their class mates are either educated abroad or have spent long time abroad. They will all have some western experience, and will not be unfamiliar to foreign systems, leaders or international issues. Origo believe the new leadership will be less concerned with legacy matters, -everything from one child policy to the property market. We expect them to be much more gradual in correcting the structural imbalances. For example, we think they will have more reasonable housing policies, allowing for gradual adjustments, not harsh corrections. This said, we don¡¯t think they are as committed to fixed asset investments to set GDP growth above trend. They will be satisfied with 7.8-8.2% growth for 2013 and 2014 while carrying out the economic adjustment program. The rest of the world, viewed from China The view we seem to pick up and share is that Europe will eventually be ok, if people in Greece, Spain (and Italy) will agree to work longer hours, retire later and the politicians gradually carry out reforms and fiscal policy improvements. It is going to take 2-3 years of restructuring and grand bargaining with Germany, but in all probability it will be ok. There is more concern with the US. If the Congress is deadlocked post US presidential elections, then fiscal and political concerns will escalate. The view seems to be that ¡°anything is better than a deadlock¡±, but that may be because they do not fully know the extreme views of the most conservative/radical politicians in the US. Either case is not good news all around. Summary All in all China is doing quite well. A U-shaped recovery in Q3 and Q4 should be the tangible evidence private investors are looking for in order to enter the equity market. Being positioned for this recovery is a major value opportunity. Best regards, Chris Rynning CEO, Origo Partners PLC (LSE: OPP) www.origoplc.com |
Posted at 06/10/2010 12:49 by shroder Mongolia confident IPO will ease doubtsBy William MacNamara in London, Leslie Hook in Beijing, and Robert Cookson in Hong Kong Published: October 5 2010 19:17 | Last updated: October 5 2010 19:17 Mongolia's pitch to become the new frontier for metals and mining is facing renewed scrutiny from investors around the world as a Mongolian coal miner completes a landmark listing in Hong Kong. Mongolian Mining Corp (MMC) is set to raise at least $650m after pricing its shares on Tuesday in Hong Kong in the middle of a target range set by advisers JPMorgan and Citi. The initial public offering, representing 20 per cent of the company's equity, creates the first homegrown, multibillion-dollar miner in a country that possesses little capital or infrastructure, but vast deposits of coal, copper and gold. The arrival of this young "state champion", as Zorigt Dashdorj, Mongolia's mining minister calls MMC, comes as the country's prime minister and top officials complete a global tour intended to raise the country's investment profile. Referring to MMC's deposits of coking coal, which is used to make steel and which lie close to the border with China, a banker involved in MMC's IPO said: "Here you have high-quality mineralisation sitting next to the biggest consumer of those minerals." But the statement applies to all large mineral projects in Mongolia, including Oyu Tolgoi, the copper-gold mine that defines the country for international investors. The proximity to China created investor euphoria about Mongolia a year ago. Last October, a long-awaited agreement between the government and Ivanhoe Mines, the developer of Oyu Tolgoi, signalled that the country was open for business just as China was becoming a net importer of commodities such as coal. But the momentum slackened as investors looked more closely at the country's dire lack of infrastructure, in spite of the government's promises of a big building programme of roads, railways and power plants. "Investors need the confidence of a successful IPO because Mongolia is still a high-risk frontier with little track record," says Chris Rynning, chief executive of Origo, a Beijing-based private equity company that has invested in Mongolia. "MMC is an important test case for outbound IPOs from Mongolia, where a success will form precedent for many more IPOs to come," he added. The retail part of MMC's share offering was 10 times oversubscribed, according to bankers. The investor interest in MMC is one sign that Mongolia's minerals-led development is regaining momentum. The government has clarified plans for Tavan Tolgoi, the enormous coking coal deposit that ranks with Oyu Tolgoi as one of the best undeveloped mineral areas in the world. Tavan Tolgoi will be half-owned by the government, Mr Zorigt told the Financial Times in an interview. The half earmarked for privatisation will be split 20:30 between Mongolian and international investors respectively. The concession, however, will be split into two blocks. Erdenes, the state-owned mining group, is considering international applications to operate one of these blocks. MMC has been dubbed "mini-TT", after Tavan Tolgoi. The company's principal mine which aims to produce 15m tonnes of coking coal by 2013 comprises one-sixth of the original Tavan Tolgoi licence area. As part of the development programme, MMC is building a road to China and is expecting a rail line to follow as part of the government's plans for an east-west arterial railway to intersect the Soviet-era trans-Mongolian line. It is also building its own coal-washing plant and claims that there is enough water in the bleak south Gobi desert to do so. Worries about the country's basic water and rail infrastructure, as well as its lack of equipment, have weighed on the shares of a Mongolian company that pioneered a Hong Kong listing earlier this year. SouthGobi Energy, a thermal coal miner, has seen its shares fall 36 per cent since its debut in January. Meanwhile, a second Mongolia-related IPO has completed in Hong Kong. Last week, Winsway, a coking coal trader and logistics company handling shipments from Mongolia to China, raised HK$3.7bn (US$477m). It priced its shares just below the middle of the range. Bankers involved in the Winsway and MMC IPOs were nervous of both companies coming to the market at the same time. But in spite of the Winsway IPO, SouthGobi remains investors' main focal point. Mr Zorigt is confident that MMC, which is expected to debut in Hong Kong in mid-October, will help dispel investor doubts about the future of Mongolia and he promises that other national champions will be emerging over the next decade. "We are strong believers in national champions," he says. "In our experience, in our part of the world, Japan and Korea have succeeded in part because of these large corporations. The next step of our industrialisation requires this more sophisticated type of business." Copyright The Financial Times Limited |
Posted at 26/6/2010 11:59 by shroder PE firms' China fundraising gathers momentumLauren Willington 25 Jun 2010 The amount of renminbi denominated funds being raised by private equity firms has jumped by over half this year, following a change in China's investment laws in March aimed at stimulating foreign investment in the country. So far this year 18 funds have been marketed to investors with an aggregated value of RMB 85.3bn (10.2bn), a 67.9% increase on the 12 funds out in the market at the start of 2010 valued at RMB50.8bn, according to data provided by Preqin. And Ian Lewis, a partner at law firm Mayer Brown, expects even more funds to be established over the next 12-24 months. He said: "We are now seeing investors focus on RMB funds which offer a number of exciting new opportunities for local investors, simpler registration rules, eliminate most foreign exchange issues and involve fewer regulatory hurdles." China's revised laws on overseas investment, which had been under discussion since August 2009 and came into force in March under the 'Measures for the Establishment of Partnership Enterprises in China' initiative, mean international groups can now set up onshore investment vehicles in China's renminbi currency. In an interview with the McKinsey Quarterly - a quarterly business journal by management consultancy McKinsey & Company - in May, David Rubenstein, of The Carlyle Group said buyout firms will try and deploy as much money as possible in China because of the opportunities for growth. He said: "So I don't think you can deploy too much money in China. And the competition is not just from global private equity firms or American private equity firms investing there. Indigenous Chinese firms are probably now our biggest competitor in China." Carlyle has 45 full-time Chinese locals working in the country investing from three regular funds - a buyout fund, a growth fund and a real estate fund - as well as two renminbi funds. Chris Ryning, chief executive of private equity investor Origo Partners, thinks the additional liquidity in the Chinese IPO market compared with London and New York is another driving factor behind firms wanting to set up funds in the country. He said: "Chinese companies are not primarily interested in listing abroad, it's the Chinese IPO market they want to tap into, an additional driver for that is also the price points. Companies price much higher on the Chinese market than they would in a comparable IPO in London or New York, and the growth multiples are a lot higher too." Origo Partners, did an equity placing on London's junior market Aim on June 11 raising $30m (24m), has completed three deals in China in the past week. The London-based firm made an investment of up to $6.65m for a 20% stake in Chinese recycling firm Jinan Eco-Energy Technology. It will also invest $5m for a 23% stake in Mongolian mining exploration firm Bumbat Consolidated and take a 10% stake in copper and gold explorer Huremtiin Hyar for $300,000, with an option to invest $3.5m more to raise its stake to 70%. --write to lauren.willington@do -------------------- |
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