Yinggao Share Discussion Threads

[piedro] 05/10/2010 12:57

Ms. CHUN Yuet Ming, Jessica - Executive Director
Miss Chun, aged 23 years, was appointed as executive director of the Company in Oct 2010. She graduated in City University of London with Bachelor degree in Mathematical Science and Economics.

[mattjos] 04/10/2010 22:23

trying to be neutral on it .... arguably it shows the ongoing commitment of the Chin Fund to the firm else she may have been steered elsewhere. Alternatively it is an easy commercial apprenticeship for one so young.
But, given her indicated level of intelligence one might assume she knows enough of her own mind to determine if it is a good move for her personally .. i.e. a company going places, else it will blot er CV long term.
Stepping in to a directorship, as a young woman & with such a clear link back to the Fund, will not be easy and i suspect she will be under a lot of self-induced pressure to perform and demonstrate the belief being shown in her.
Too early to draw much else from the news but let's see if the frequency/syntax/grammar and/or tenor of market updates changes at all over the coming year

[damanko] 04/10/2010 21:14

davy - it wasn't "initial scepticism", it's ongoing. I will remain to be convinced that this young lady can add anything to shareholder value.

I would love to be proven wrong. However....

[davydoo] 04/10/2010 19:34

lol. what does that make us...grateful peasants?

[zangdook] 04/10/2010 15:18

If it's a family-controlled company, it's not surprising if they want to bring a young scion on board. Perhaps she's our Kim Jong-un.

[davydoo] 04/10/2010 14:16

cheers zangdook.

If others are doing the same, and still have these sat in the corner, it would fit in with Mattjos' point about stock being sock drawered.

damanko, I understand any initial scepticism about the board appointment, but YGH aside, maybe we need more boards with variety and depth. Im always amazed when i look at a company accounts, and see 10 grey 50 somethings on the board. Back to YGH, so long as the co. has strong leadership, a young, clearly well educated board member with the major shareholders interest at heart could be a good thing.

[zangdook] 04/10/2010 13:12

davydoo

"Out of interest were those trades anyone here? or is anyone able to make investing at that level work for them?"

It wasn't me, but if I have a small amount of cash left in my trading account I'll sometimes put it into a penny punt type of share. eg I bought ~£300 worth of LED when it was under a halfpenny, sold some for £500 a few weeks later and still have about £800 worth. Sometimes it pays off, and if it doesn't immediately, they can sit in the corner and may come good in the end. Dealing costs aren't a huge factor in punts like that - buying 10,000 shares, £10 commission adds 0.1p per share. Buying 100,000 it adds 0.01p.

[mattjos] 04/10/2010 12:13

she might have something to do with the metals trading. We simply don't know but it doesn't seem unreasonable for the majority shareholder to effectively have a seat on the board

[damanko] 04/10/2010 11:29

Hm..... so we now have a 23 year old stooge of the (ex) Head Honcho on the board. Let us hope she brings all her experience of shipping, logistics and terminal handling to the company. Of course, she might be an expert in mining ...... now why would I say that......? Ho hum, funny old world:

"Miss Chun is a beneficiary of the Chin Dynasty Fund which controls the Chin
Dynasty Foundation Limited, the ultimate controlling shareholder of the Company."

[davydoo] 30/9/2010 19:12

Interesting comments about PR, shareholder information etc.

You can imagine other companies would have issued statements about the new metal trading business, considering its growth from 0 to 39%

I did notice on the website today that they produced the interim results in a glossy report format aswell as the usual RNS, thats something a lot of other co's this size wouldnt necessarily do. Not sure how many people are actually reading it though.

[davydoo] 30/9/2010 17:25

200k was me, in two 100k lots. Interesting that the other trades were for approx £200 and £300. I appreaciate everyone has different resources, different risk attitudes, asset allocations etc. However I do not see the benefit of trading in such small lots on such an illquid, large spread share, when you have to add in dealing costs aswell.

Out of interest were those trades anyone here? or is anyone able to make investing at that level work for them?

[moreforus] 30/9/2010 13:20

i'm just seeing buys today

242k so far

[mattjos] 30/9/2010 13:17

assuming things carry on as well in the business for the rest of 2010, each future leg up in the share price should increase the liquidity here as old holders see the price approaching a price they paid a long time ago & old shares come out of sock drawers. I wouldn't like to see the BOD release any of their shares at this price but i can imagine it occuring higher up. some news on the granite mine at some stage would be nice but the recovery seems on track thus far

[moormoney] 30/9/2010 12:50

Unfortunately the BOD won't release more share to the market and don't go in for much PR so despite the turn around and it has been marked since the arko days--it slips below the radar after each st of results. Difficult to understand why they are a quoted co when they don't keep the shareholders updated. I've held for years hoping things might change.

[moreforus] 30/9/2010 10:26

if people buy wont it go up ?? (-;

unfortunately another of my stocks trading on a silly wide spread when the real market is much tighter

[davydoo] 30/9/2010 10:22

Might see the price slip back a little further again today. I was just able to buy below mid.

[damanko] 27/9/2010 11:36

One further point: Holders will recall that a year or so ago there was some excitement about the quarrying operation, especially when YGH changed the wording on its Website to the effect that although the quarrying operation was dormant, "The situation remains under periodic review." The only mention I can find of the quarry side of stuff in these results is below, tucked away in the list of assets:

Fujian Sanko Mining | 70% | 70% | Dormant | PRC |
| Limited

Seems that there has been no progress whatsoever - on this side of the business.

[damanko] 27/9/2010 11:16

27/09/2010 10:18:28 1.65 200,000 O 3,300.00
27/09/2010 09:40:36 1.25 25,000 O 312.50
27/09/2010 08:17:57 1.55 19,750 O 306.13
27/09/2010 08:14:20 1.55 12,071 O 187.10

Today's trades on the Plus market, with I think another buy of 10,000 shares on the LSE. So really, very, very small trades / value in the big picture.

I reckon that until and unless YGH is covered (and pushed) by analysts, the price will not move much further north. In fact over the last 18 months or so, the price appears to do very well as interim & final results are published, then slowly drifts down until the next set of results ...... then it goes up again ... etc etc.

With the very small free float, it's difficult to see YGH breaking out of this pattern / price range, in my opinion.

Another way forward might be for the head honcho & his family - holders of the other 93%, as far as I'm aware - to place a substantial block of shares, enabling a more liquid market in Yinggao equity.

[moreforus] 27/9/2010 10:26

why thankfully? its undervalued by a large margin and at the current share price presents an opportunity to buy a company that is growing its profits phenomally quikcly!

[mattjos] 27/9/2010 10:24

thankfully this is way off PI's radar at present

[moreforus] 27/9/2010 10:22

large buy 200k at 1.65p

surprised not see more buying after Fridays results

[moreforus] 27/9/2010 06:53

whats the current p/e etc if the company are consistent in H2?

[damanko] 26/9/2010 20:31

Another key passage from the interim results:

"As a matter of fact, competitive pressures remain and the overall margin in
terminal operation in the second half is unlikely to reach last year's 32%. The throughput for the year will mostly depend on the extent of a return to growth of world production and consumption, in particular the export activities in China, which for the first two months of the second half have shown only a small increase by 0.3% compared to the same period of last year.
On the other hand, looking into the second half year of 2010, the Board is
confident that Yinggao Shipping will continue expanding its market share and
focus on its strengths to achieve its targets in cost control and
increasing reputation amongst the industry peers. Yinggao fleet will continue
to seek market entry into other regions within the Peal River Delta, other than the corridor between Huangpu and Hong Kong. Yinggao Shipping continues to be optimistic on the outlook of the industry, in particular the huge potential market in the PRC."

Just a tad concerned with some of the stuff written there - in that the world economic climate at present (as opposed to the economic conditions prevailing in China)- is being cited as a reason that the "Overall margin" this year is unlikely to better the margin in 2008/9 financial year.

This week we'll see if YGH remains below most PI's and analyst's radar.

[mattjos] 25/9/2010 02:31

The new metal trading business ... started in Q2 and already contributing 39% of total revenues - from a standing start that is incredible & suggests it's been some time in the planning stage before they've divulged it

"Yinggao fleet will continue to seek market entry into other regions within the Peal River Delta, other than the corridor between Huangpu and Hong Kong."

Accounting policy 2b poses some interesting speculations

[mattjos] 24/9/2010 17:57

Davy .. pretty much in line with what i saw in the prior results :-)
The economies of scale from the new tugs are having a highly leveraged effect on margins. As the expansion of the fleet comes on stream the ratchet effect could be quite significant. Their area of operation is another huge attraction for me .... global recovery will not happen without corresponding volume growth in this area.

For me, a cracking company that has successfully reorganised itself, has cash and a 'patron' to help support growth & is quietly, off-radar, getting on with it.
at least 50% undervalued against peers on these figures & not accounting for planned growth and the granite mine still waiting to be bought into operation when they choose.