Origo Partners Share Discussion Threads

[shroder] 29/5/2010 15:52

It's also worth considering who our neighbours are albeit a 7 hour drive, BYD whose most prominent investor being Warren Buffett's Berkshire Hathaway fund.



I don't know what shape the RMB fund will take but they sure are amongst the action in terms of the eco revolution which seems to be taking hold.

[shroder] 29/5/2010 14:52

Not new but a bit more background on the RMB fund previously announced:
___________________________________________________________________________


Origo Partners Eyes Further Yuan Fund Launches

23 Apr 2010 11:14 GMT


By Rachael Gormley
Of DOW JONES NEWSWIRES

LONDON (Dow Jones)--Origo Partners PLC (OPP.LN) Friday said it plans become the latest private equity company to team up with a local Chinese government to raise yuan-denominated funds, adding the venture with the Xinxiang municipal government is unlikely to be the last it will launch.

The China-focused private equity firm want to invest in local deals and gain access to China's growing number of institutional investors. Its new fund follows moves by private equity firms Blackstone Group LP (BX) and Carlyle Group LP in August and January, respectively, to launch government initiatives for yuan-denominated funds.

Increasingly, Chinese entrepreneurs and business owners are reluctant to receive investments in their firms in foreign currency, Origo Partners Chief Executive Chris Rynning told Dow Jones Newswires, due to the difficulties this can cause when looking to publicly list in China.

"You expand your universe of investment opportunities [with the local currency]," he said. "It's a competition issue."

The Origo China Sustainable Development Fund, which Origo will manage, will have an initial target to invest $75 million, of which $18 million will be an anchor investment by the Xinxiang municipal government.

Rynning said Origo Partners would put in a proportion of the capital for the fund using some cash from its balance sheet while around a third of the fund would hopefully come from Origo shareholders and the wider market.

The fund will target Chinese companies in sectors such as renewable energy, electric vehicles, waste recycling and sustainable agriculture, and will be registered in Xinxiang, a city of about 6 million people.

The area was set up at a military hub in the 1950s, Rynning said, and has been an area known for the research and development of battery manufacturing for several decades. Currently, there are more than 200 registered battery manufacturers alone in Xinxiang and industries such as electric vehicles, energy storage and automotives are flourishing.

Rynning said the fund aims to launch this year, hopefully making its first investment in the third quarter, but Rynning said this is likely to be the first of several such initiatives.

Origo is already in talks with other municipals, he said, and would also be interested in expanding into funds to invest in sectors like mining, agriculture and consumer goods.

Analysts at Liberum said the fund will give it access to the best deals in this sector, as well as giving it management fees.

Keeping a "buy" rating, Liberum said yuan-denominated investments may also come with a currency advantage as it expects the yuan to appreciate against a number of currencies in the medium to long term.

At 1104 GMT, shares in Origo were up 0.5 pence, or 1.9%, at 27.5 pence, while the wider AIM market was up 0.3%.

[moormoney] 27/5/2010 12:59

good work s!

[shroder] 27/5/2010 11:48

Just picking through their smaller investments, this one appears to be gowing strongly - a reasonable capital investment into their infrastructure of £13m but what really caught my attention was the subscriber base of 1m.
________________________________________________________________________________

RISING Established the Biggest "Cloud Security" Data Center in Asia

March 15th, 2010 RISING, the world top security software vendor, officially launches its Rising Cloud Security Data Center which is the first and biggest one in Asia.

The Rising Cloud Security Data Center is the first big project in R&D investment of RISING Company in 2010. It is understood that this project has more than 130 million RMB as initial investment, and more than 5,000 professional enterprise-class servers, to provide high quality security testing, information exchange service in Rising Cloud Security, and Internet security threats processing services to more than 1,000 million users around the global.

[shroder] 26/5/2010 15:50

China-India Water Shortage Means Coca-Cola Joins Intel in Fight

By Cherian Thomas, Unni Krishnan and Sophie Leung

May 26 (Bloomberg) -- A fight breaks out as student Vikas Dagar jostles with dozens of men, women and children to fill buckets from a truck that brings water twice a week to the village of Jharoda Kalan on the outskirts of New Delhi.

Three thousand kilometers (1,900 miles) away, near Xi'an in central China, power-plant worker Zhou Jie stands on the mostly dry bed of the Wei River, remembering when he used to fish there before pollution made the catch inedible.

Dagar and Zhou show the daily struggle with tainted or inadequate water in India and China, a growing shortage that the World Bank says will hamper growth in the world's fastest- growing major economies. It also is pitting water-intensive businesses such as Intel Corp.'s China unit and bottling plants of Coca-Cola Co. against growing urban use and the 1.6 billion people in China and India who rely on farming for a living.

"Water will become the next big power, not only in China but the whole world," Li Haifeng, vice president at sewage- treatment company Beijing Enterprises Water Group Ltd., said in a telephone interview. "Wars may start over the scarcity of water."



________________________________________________________________________
Our partnership update below;

RNS Number : 3517K
Origo Partners PLC
19 April 2010


19 April 2010

Origo Partners PLC

Aqualyng Holding A/S joins forces with Beijing Enterprises Water Group Limited

Origo Partners PLC ("Origo") is pleased to announce that its portfolio company
Aqualyng Holding A/S ("Aqualyng") has concluded a major joint venture ("the
Joint Venture") agreement with a leading Chinese water treatment group to
accelerate its expansion in China.

Under the agreement, Aqualyng has sold a 50% stake in its subsidiary Aqualyng
China Limited ("Aqualyng China") to Hong Kong listed Beijing Enterprises Water
Group Limited ("BEWGL"), a leading Chinese integrated water treatment provider
with over 60 water plants across China. BEWGL is majority owned by Beijing
Enterprises Holdings Limited, the Hong Kong listed commercial vehicle of the
Municipal Government of Beijing with significant interests in gas supply, toll
roads, waste water treatment, brewing and technology.

Aqualyng China is developing a 50,000m3/day sea water desalination plant at the
Caofeidian Industrial Zone outside of Beijing in partnership with the Tangshan
Infrastructure Construction and Investment Co. Ltd ("IIC"). The plant is one of
the largest desalination plants under construction in China and has a 30 year
offtake agreement in place.

[shroder] 26/5/2010 12:00

header updated with, China Economic outlook, second edition, Q2 2010

[shroder] 23/5/2010 14:01

Have added broker reports to the header.

[shroder] 22/5/2010 11:18

100k late trade reported mopping up the sells which is about right.

[shroder] 21/5/2010 15:53

looking for a largish 'C' trade as it looks to me someone has been accumulating this week.

[shroder] 21/5/2010 13:21

We should get an update towards the end of the month regarding NAV.

[shroder] 21/5/2010 10:03

having a few more of these down here

[shroder] 18/5/2010 07:06

Excellent news, this has to impact the NAV at some point

RNS Number : 0721M
Origo Partners PLC
18 May 2010

18 May 2010

Origo Partners PLC

RMWAH raises equity of AUD45 million

Origo Partners Plc ("Origo") is pleased to announce that its portfolio company
R.M. Williams Agricultural Holdings Pty Ltd ("RMWAH"), the Australian
agricultural company focused on acquiring, developing and operating prime
farmland, continues to build the business by raising further equity funding.

In a series of recent transactions, RMWAH has entered into arrangements to place a total of AUD45 million worth of common stock. The equity raised will be
engaged to complete the acquisition of various properties in the Northern
Territory of Australia. The transactions are expected to close in June, 2010.

RMWAH is furthermore considering various other tactical joint initiatives with
key partners, including proposals to further cement the business as Australia's
premier agricultural operator across multiple platforms including the production of organic beef, lamb and poultry in conjunction with landscape restoration and bio-fuel production plans.

Origo CEO Chris Rynning commented, "The strong evolution of the RMWAH business
underlines the attractiveness of the company's strategy of investing in
high-quality agricultural businesses. The value of these assets is expected to
continue to grow on the back of rising demand from Asia for high-quality protein products, in particular meat."

[shroder] 17/5/2010 08:20

Also from the FT this weekend;

GAM: faith in China's growing assets

By John Lappin

Published: May 16 2010 07:52 | Last updated: May 16 2010 07:52

GAM Star China Equity fund manager Michael Lai says the launch of Fidelity's China Special Situations trust, managed by Anthony Bolton, will help make the case for China as an asset class in its own right.

"From our perspective, that's good," says Mr Lai. "You can make the parallel with Japan in the 1960s or 1970s, when it became the [world's] second-largest stock market." If current growth trends continue, China will follow the same path, making the case to be treated as a separate asset class.

The $208m (£138m, €164m) China Equity fund returned 8.2 per cent in the three months to March 31 compared with a loss of 1.6 per cent for the MSCI Free China index.

Since launch in July 2007, it has returned annualised growth of 26.6 per cent compared with 0.2 per cent for the index.

Mr Lai says the fund has been oriented to the IT, technology and consumer sectors and away from the real estate and financial sectors, which have suffered from government policies to curb inflation.

"Real estate and financials have been significant underperformers because of policy headwinds as the government looks to rein in the economy," he says. "Clearly, the economy had grown a little too fast for comfort. Nonetheless, we remain confident the government will continue to enact policies to create opportunities and allow the economy to grow at around the 7-9 per cent range."

However, Mr Lai says the market has already priced in a lot of negative news around financials and real estate, so he is beginning to add to some positions. "We are taking our time because it is not apparent to us the economy has slowed down sufficiently to allow the government to relax its stance in terms of removing liquidity."

Full article;



https://www.gam.com/en/__news/2008/News/Latest+GAM+Star+China+Equity+update+highlights+strong+2009+performance.htm

[shroder] 17/5/2010 08:03

Soros is revealed as key Alibaba investor

By Kathrin Hille in Beijing

Published: May 14 2010 13:50 | Last updated: May 15 2010 00:06

George Soros has become one of Alibaba.com's largest shareholders after buying into the company late last year, according to the Chinese e-commerce provider.

The involvement of the US billionaire investor was revealed on Friday by David Wei, chief executive of Alibaba.com.

The news came as Alibaba Group, the website's parent, said it was ready to buy out Yahoo, which holds a 39 per cent stake in the parent.

Alibaba.com's shares rose 5 per cent to HK$15.82 in Hong Kong after rallying 11 per cent at one point. The stock has lagged behind other Hong Kong-listed stocks with a 13 per cent slide this year. The company said on Friday Mr Wei had disclosed the investment in the context of queries about the share price.

Alibaba declined to comment on the size of the stake taken by Mr Soros, chairman of Soros Fund Management, how much he had paid or how much he held now.

Full article:

[moormoney] 14/5/2010 14:11

early days with this one. I'm pleased to have a bit of time to add as I only have a tiny holding bought with some odd spare dosh.

[shroder] 14/5/2010 14:09

Nice to see a bit of blue on such a down day.

[shroder] 14/5/2010 07:36

We are almost at 85% institutional holdings following Spearpoints latest increase.

[shroder] 12/5/2010 22:45

London Evening Standard

Rosamund Urwin



Trader talk

Investment and broking group Spearpoint remains a fan of Origo Partners, sweeping up another 1.9 million shares in the private equity firm giving it a holding of 20,493,291 shares or 9.31% worth about £5.3 million. Origo aims to build profits for shareholders through its joint venture with global investment group GLG Partners.

The deal has provided Origo with exposure to China, India and other growth markets. Origo not only invests in growth companies but also raises fees at its consultancy arm where it advises clients on strategy and M&A.

Its interests cover a broad spectrum and Origo has investments in metals and mining, agriculture, renewable energy, technology, telecom and media companies. Back in February, Spearpoint lifted its stake to 17.5 million shares and then bought another 1.1 million shares just days later.

[shroder] 05/5/2010 08:38

Liberiums note following yesterdays announcement:

Origo Partners PLC (OPP) – Portfolio company Fans Media forms JV with South Korea's largest telco provider, SK Telecom. The new venture is to be called SK Fans Ltd.

SK Telecom already has an extensive portfolio of broadband and mobile value-added services and brands, including CyWorld, South Korea's largest internet community, and CyWorld China, a well-established social network service and blogging site.

SKT's contribution to the joint-venture will be the CyWorld China business, as well as US$12 million in cash, for which it will receive a 51% stake. Fans Media, on its part, will contribute all of its assets, including its main internet property, www.ifensi.com, for a 49% interest in SK Fans.

The amalgamation of the CyWorld and Fans Media businesses, and SKT's investment, are subject to various closing conditions, including certain regulatory approvals. The transaction is expected to complete in July 2010.

Origo will maintain an indirect interest in SK Fans, through a combined preferred and common stock holding in Fans Media, equivalent to a converted interest of 14.3% in the outstanding share capital of that company. Liberum View: This is another positive sign that Origo is working with non-core portfolio investments to find strong strategic partners which should result in successful divestments.

We believe this deal will result in an upward valuation for Fans Media at exit given the addition of the CyWorld China business and the cash injection of $12m. As at June 2009, Origo's Fans Media stake was being carried at $2.4m.

Origo shares currently trade at a 25% discount to our live eNAV and a 51% discount to our medium term NAV forecast of 60p/share.Origo Partners PLC (OPP) – Portfolio company Fans Media forms JV with South Korea's largest telco provider, SK Telecom. The new venture is to be called SK Fans Ltd.

SK Telecom already has an extensive portfolio of broadband and mobile value-added services and brands, including CyWorld, South Korea's largest internet community, and CyWorld China, a well-established social network service and blogging site. SKT's contribution to the joint-venture will be the CyWorld China business, as well as US$12 million in cash, for which it will receive a 51% stake.

Fans Media, on its part, will contribute all of its assets, including its main internet property, www.ifensi.com, for a 49% interest in SK Fans. The amalgamation of the CyWorld and Fans Media businesses, and SKT's investment, are subject to various closing conditions, including certain regulatory approvals.

The transaction is expected to complete in July 2010. Origo will maintain an indirect interest in SK Fans, through a combined preferred and common stock holding in Fans Media, equivalent to a converted interest of 14.3% in the outstanding share capital of that company.

Liberum View: This is another positive sign that Origo is working with non-core portfolio investments to find strong strategic partners which should result in successful divestments. We believe this deal will result in an upward valuation for Fans Media at exit given the addition of the CyWorld China business and the cash injection of $12m. As at June 2009, Origo's Fans Media stake was being carried at $2.4m. Origo shares currently trade at a 25% discount to our live eNAV and a 51% discount to our medium term NAV forecast of 60p/share.

[moormoney] 04/5/2010 12:20

Thanks Shroder--could we have a daily chart please?

[shroder] 04/5/2010 10:26

just trawling through new note following recent announcements, v bullish - will post update later.

[shroder] 27/4/2010 22:41

Given the management team and the unique opportunities available to Origo it should trade at a premium to the NAV not a discount ;-)

[moormoney] 27/4/2010 11:28

not many shares out in the market are there--only 16%? This is such a new kid on the block the share price should fly if their figures are good.

[shroder] 27/4/2010 10:42

Simon, nope, Origos mandate is for capital growth by bringing companies to market - the cash on the books at the mo ($24m) will I am sure be used to fund further acquisitions although this is only my interpretation.

[techair] 27/4/2010 10:35

Patrice - thinks thats 40.9 cents so about 27p?