Yinggao Share Discussion Threads

[mattjos] 19/8/2010 08:44

davy .. might get a chance this week. impatience got the better of someone today

[davydoo] 18/8/2010 11:25

I've tried a few times without success. Got a small order in at 1.1p lets see if it gets filled.

Normally my broker would come back and say we cant get that but we can get x.x but i havent had that at all. I agree Mattjos about the sock drawered idea, at a 0.85p bid will people sell, rather than waiting to see what happens?

[mattjos] 07/8/2010 13:07

You kind of wonder just how many shares are in paper form and 'sock-drawered' & forgotten about on this one. it may only be some upward movement later this year that brings it back on to others scopes and encourages some liquidity.

Davy, maybe try asking a broker to work an order for you and see if the mm's can shake any out as a result. Otherwise it's a case of watching the trades and seeing what comes available between now and september i suspect. The spread will put-off most at present but it's 2011 that i believe the results of their efforts to clean up the company will begin to feed thru in the figures.
Only a relatively small holding here for me (actually Davy where i put some of the ETC gains) but i'm happy enough to follow the story and add more if things pan out as hoped for

[davydoo] 06/8/2010 17:17

The best price I was offered today was 1.2p, and I tried 2 brokers and varying amounts of shares.

I declined, will see if I can do better next week.

[moormoney] 05/8/2010 20:49

I've held these since 2003 as well and averaged down when I saw it finally coming back from the brink! It ought to be a no brainer given the trading activities and areas it's in. It's nice to see the interest coming--- Eventually I hope to make a decent return on my investment--GL!

[william-just] 05/8/2010 17:13

Yep the buy price I had quoted am today was 1.05

[mattjos] 05/8/2010 16:58

davy .. i've resorted to the telephone on this one.
i reckon you should be able to match my buy of 1.1 or maybe slightly better this month

[davydoo] 05/8/2010 16:30

I tried to buy a few of these recently (never seen so many 000000's on an order before) however i couldnt get close to a price i was happy with at this stage, obviously im aware of the spread and happy to accept thats a part of trading in co.s like this. You should see the spread on one of my largest holdings PGC, its quoted as 25p-38p but ive always been able to buy well within the spread.

Is anyone happy to share their own experience? have you used limit orders? fill or kills?

[mattjos] 05/8/2010 15:39

Well I'm still here and very much interested. Off the radar of other folk suits me fine at this stage ... a time will come when the value will be seen by others, imo. Quite looking forward to September statement ... let's see if they once again try to sneak it in under the radar, after-hours, or if they go for a 7am slot.

[damanko] 05/8/2010 12:06

That's for sure, but I'm a bit sceptical, having originally invested in 2003, at the mighty price of around fivepence....

Have since averaged down, and agree that it is interesting, but Yinggao is so far off the radar that it is difficult to even find news about its everyday business.

If a logistics, shipping and port services company cannot make money in China, then there is something seriously wrong with the management.

And there's the rub - really.

The old Head Honcho, who was imprisoned for a few years, I believe still holds 93% of the equity/shares in YGH. Just how independent (of him) the newish management team is - I'm really not sure.

[william-just] 05/8/2010 11:51

Damanko, It seems to be a rather intresting company and way of most speculators radar.

[damanko] 05/8/2010 11:36

Not for another few months, unless something happens in the meantime - which, with this company always seems unlikely. No news is no news, here....

A tad strange that less than a 100,000 share buy (or even one of considerably more) - can move the share price. A lot, lot less than a drop in the ocean, in terms of the shares in issue. Even taking into account the small free float.

[william-just] 05/8/2010 11:17

When is the next update due?

[william-just] 05/8/2010 10:43

Spot of movement on plus today

[mattjos] 22/7/2010 17:59

a couple of nibbles here today

The granite mine still interests me & I note in the FY results from PIHL they are cranking up a very similar granite mine. The CEO of PIHL, Mr. David Wong, is a shrewd businessman. The PIHL set-up sounds so similar to the one that Yingaao have a majority stake in, in terms of product, location & facilities.
Just waiting for some funding really & the prior plans to float the granite operation on the HKEX must surely be discussed here once again, now the global economy is rather more stable and Yingaao have exited all the other diversionary activites:


"The Group made an inroad into the production of granite materials by acquiring Xiang Lu Shan Granite Mining Site in Guangxi Province, the PRC.
Following a renewal of the mining permit by Ministry of Land and Resources for this site in October 2008 for a period of ten years, the Group is in position to produce 40,000 m3 (equivalent to approximately 102,000 tonnes) of granite products per annum. During the Year, this investment contributed revenue of approximately HK$8,291,000 to the Group's turnover.

The construction of a feldspar powder production plant was completed in mid 2010 and it has a designed production capacity of 100,000 tonnes per annum. Trial production for this plant has commenced and it is expected that the plant will be able to start commercial production in late 2010.

Operation of Public Port and Other Related Facilities Business
The Group engages in the operation of a public port and other related facilities through a 25%-owned joint venture unit with Anhui Conch Venture Investment Company Limited established in October 2006. This joint venture will also provide warehousing services primarily for building materials and raw materials distributed in Jiangsu Province, the PRC.
The public port is located in Jiangdu City of Jiangsu Province. The port is one of the few deep water ports along the Yangtze River Delta with nine berth docks in total (three for 70,000 tonnage vessels and six for 5,000 tonnage vessels) and a terminal storage area of approximately 360,000 m2. The terminal can achieve massive throughput of 8 million tonnes per year.
We have already obtained the necessary licenses from relevant government authorities for the operation of the public port. Construction of port facilities has commenced in November 2009. The public port and other
related facilities are expected to commence commercial operation by the end of 2011. The joint venture will also manufacture and sell slag powder, which can be used for cement production. Construction of slag powder production facilities, with an initial planned capacity of 1.5 million tonnes per year, is expected to commence by late 2011."

[mattjos] 15/7/2010 22:57

Customs figures showed that China's shipment of exports last month grew by 43.9 percent from a year ago to $137.4 billion and imports rose by 34.1 percent to $117.4 billion, which led to a $20 billion trade surplus, another record high.

Both the trade surplus and the exports are at their highest level in two years, compared with $136.68 billion in July 2008, according to Customs.




plenty of container traffic to move about i suspect :-)

[william-just] 16/6/2010 18:57

Yep I agree Matt,
I will top up in 50k chunks as cash becomes avalable.

[mattjos] 16/6/2010 18:42

chinese import/export figures suggest there'll be no shortage of river traffic to move this year but, quite apart from the broader picture, intra-asian country trading will, imo, remain strong for years to come as China slowly eases itself off its dependence from usa/western Europe.

It's this trend that i believe our company is well set to participate in & why they are now starting such an expansion. they've managed to drop most of the baggage from the past & are clearly concentrating on the core business .. at some stage the granite quarry will come back on the agenda, i'm sure. progress in the share price may be slow though as there are clearly long term holders here in this upside down and probably be glad to get out evens when possible. presents a nice opportunity here over the next few months, imo.

[mattjos] 08/6/2010 14:28

Digging back into the Arko days reveals some very interesting information ... i don't think they need to release a load of shares necessarily. Or at least not into this market. The latest news items in the FY suggest to me they are rationalising the company to focus on the sea & land logistics operations and putting all else behind them
That still leaves the 2.7Bn tonne granite quarry with 30 year mining rights ... valued at around £100m in 2003 on the then planned, HK flotation of it.
That asset & the planned future growth seems to be in the share price for free at present.
This will probably continue to fly well under everyone's radar until nearer the HY results and unless/until they give more guidance on the quarry's future

[sheeneqa] 08/6/2010 10:38

The owner of 92% of the company is a K C Chin the son of Mr Qin who passed away.... He must be out of prison by now.

Maybe a good time to buy a few shares, last time I bought these they went up to around 9p.... AKO akro holdings....

[mattjos] 07/6/2010 15:51

well not far enough under my radar ... the first trade after the results was my buy and i'm looking for some more

[moormoney] 07/6/2010 15:22

good post mattyjos but this co is so far below the radar it might take a couple of years to see a good return on our investment. I've held for several anyway and now feel comfortable I might get a good profit eventually. all pieces falling into place but no impetus.