Yinggao Share Discussion Threads

[etarip] 06/11/2010 09:07

Damango ditto

[william-just] 25/10/2010 15:59

Matt, I will also add again in a couple of weeks, just need my dealing acc to catch up.

[mattjos] 25/10/2010 15:58

probably reading this board and anticipating a buy or two.

[davydoo] 25/10/2010 15:50

Back to a big spread again today.

To buy 100,000 I was quoted the full offer of 1.3p and to sell 100,000 was 0.85p.

[mattjos] 23/10/2010 00:55

well, the last 3 years have not been in their favour & prior to that the CEO got a little carried away. But, work was done and an infant business was spawned that is now showing signs of healthy growth. Given the history, the market will not give this any sort of peer-rating yet. Yinggao has to earn it the hard way this year and next but i'm happy enough with events since i bought in & on that basis feel no need to leave at this cheap level. Let's see what they produce for the FY10

[damanko] 23/10/2010 00:40

Some decent, informative comments, but ..... unfortunately, YHG shares are following the pattern set a long time ago. See many previous posts - up on results, twice per year, then down again. And down even more.....

For several years I actually forgot about my tiny holding in this company, and actually deleted it from my portfolio, it just became too silly to monitor or list. So I couldn't even be bothered to sell.

Like many on this thread I have a six figure shareholding. Held for 7 years. I have to write that, despite some excitement over the past couple of years, not a lot changes with Yinggao Holdings. I originally invested as I work in logistics & shipping, and thought that if this company - working in mainland China - in this era, cannot make money, then I'm a monkey.

Well, 7 years on - I'm a monkey.

[mattjos] 22/10/2010 22:51

one of my reasons for being in this stock is related to the intra-ASEAN economies and the trading block they have set up .... China has got to fast wean itself off being solely an export lead economy and develop its internal consumption .. it will, imo, more likely achieve this by increasingly trading with its asian partners as this is where the growth is. YGH is well positioned to capitalise on that trend. It's a tiny company i know but, it has proved to me that it has turned the corner and is intent on profitable growth assisted in its funding requirement by its majority shareholder. As you say Davy, that investor is not here to trade a few shares at this level.
They may be tempted to sell some much higher up but, not down here. To me that strongly suggests they are as keen as the PI is to see a rising share price here & improving liquidity i.e. our aims are well aligned.
One of the quickest ways to achieve this, once the core business is trading profitably and growing is to resurrect that mine asset & its possible HK IPO or a JV with a mineral/commodity biased partner ... and see some return on their investment. We will have to wait for the proposal but i do not accept that this company will simply sit on such an asset when this part of the world is on such a strong growth trend.

[davydoo] 22/10/2010 22:07

Agreed Mattjos.

This has the potential to move to 2 or 3 without even pausing. The 93% holder isnt here to trade. So its up to us and future investors at the margin to set the price.

I was in Gunagzhou 5 years ago. It seems a brief time ago in my life, but when you consider 10% pa growth in the chinese ecomony, equivantly i was there decades ago. Cant wait to make my next trip.

Mattjos, I think you have a lot more 'on the ground' experince than me, I would also encouage comments from other holders, or those that have had to use our companies services.

[mattjos] 22/10/2010 21:19

Davy .. my thinking exactly although i note a few more nibbles of late. This still cries 'cheap' to me. If the metals trading business performs at only par with the contribution to date & there is any mention of the mine being bought into life ... highly unlikely they'll be offered in the 1's again .. more like high 2's / 3's.

[davydoo] 22/10/2010 17:25

Pretty much back to where we were before the interim results and I was first trying to buy in.

Yet now we have a metals business that I didnt know aobut then, and makes up 39% of turnover but only started in the 2nd quarter, so just imagine the impact of 2 full quarters in the second half if they carry on at that rate.

Also two of the new large vessels commenced in the first half, which i doubt were working for the full half, but will be for the 2nd half, plus any additional vessels commencing out of the other 8 expected.

Plus the mine, which i dont know much about, but sits there with potential.

I think i just talked myself into buying some more next week.

[poggy pig] 19/10/2010 11:40

Joined you for a tiny holding this morning mattjos. Looks promising.

[mattjos] 19/10/2010 11:18

slowly but surely the price rise has bought about a v gradual rise in the trading volumes here. A few more months and we might reasonably expect a tightening of the spread also and both these changes should bring the stock onto more people's radar. given the limited supply of the free-stock though a continuation of improvement in trading, profits and diversifying revenue streams might make for some interesting moves here on the next RNS

[davydoo] 13/10/2010 12:01

I was the buyer of yesterday's and today's 75,000. I now have the holding I want, and will just sit and follow this closely now.

Post results we had buying at much higher levels than are available today.

[moreforus] 13/10/2010 11:54

seeing steady buying now..after some sold as a young chicken was hired!

100k on plus at 1.3p and 75k on lse at 1.22p following a buy yesterday...

[piedro] 11/10/2010 10:34

zangdook,

Thank you, and yes the next step is quizzing the new directoress

[zangdook] 10/10/2010 18:07

Piedro

Detective work, my son! That picture was taken with a camera which was not available until 2005.



But I think you're barking up the wrong tree - a picture of a beat-up truck outside a shed does not mean work has started on a £150m mine.

The original of the picture you copied in post 380 doesn't carry camera info, plus it's just called PIC-3.JPG where the other is called photo-sanko02.JPG - very likely they pinched it from somewhere, but even if it is of the mine site, we have no reason to assume the mine is completely virgin - perhaps they took over the rights to a quarry where some sort of work had already begun and, maybe, had stopped for lack of cash. There must have been some work done to enable the valuers to put a value on it, don't you think?

If you want to know the current status of the mine, or you think the pictures on the website are designed to tease, why not email them and ask?

I had a fun afternoon banging around their various websites. This one is probably the most pleasing:



I can't help wondering why they bother with the London listing. They won't be raising the money for the mine on AIM.

[piedro] 10/10/2010 14:13

I mention the above for the reason that there seems to be a general opinion here that the quarry has an asset value 'worth about 5p a share' and that 'the project has not yet become operational'

The fact that tha latter is not true is suggested from further down the webpage which although ©2003 may have had its photos updated and shows some equipment at the entrance to the supposed quarry and a wharf.



The question is, what is on the other side of the hillock?

If anyone has a geo-reference of the site, a satellite view can be taken

[piedro] 10/10/2010 13:47

Mattjos - 5 Oct'10 - 14:24 - 374 of 379
'is it me or has the website been receiving some improvements of late?'

At first I took that statement at face value
But now noting the disregard of my question and my answer
I conclude that you were only taking the p*ss

Most regretable as that picture is on the website, if you care to wait for its appearance at the top of the page,
and no doubt signifies for the company more than just a panoramic view of the countryside.

[damanko] 10/10/2010 12:51

Short of another change of director or something unexpected, I doubt we'll see much in the way of newsflow. Not only is YGH below the radar of most, but the company seem to like it that way - in terms of RNS stuff.

As mentioned in an earlier post, unless some of the family / dynasty equity is released onto the market, this will move with good results twice each year, and then begin to drift down again. My opinion only - of course, though I've held (and added) for seven years.

[sif12] 09/10/2010 18:30

hi mattjos

appreciate your's and other's informative posts

will keep on watchlist.

doesnt seem like a huge amount of newsflow over the last few years?

any other updates expected next 3-6 months ahead of finals in june?

thanks

sif

[mattjos] 09/10/2010 16:35

sif12 - thanks for your good post.
I had it about forward p/e of 9. Other, albeit, larger concerns trade on forward p/e's of 15-20. All the rest of your post i agree with.
Growth potential here also attractive to my mind & mine & other prior posts go some way to explaining how we envisage that growth occuring.
The mine and the new metals trading venture are still relative unknowns at this stage but both potentially very lucrative going forward.
This one is completely under most folks radar at present but i believe as further good news is revealed a rising share price will bring rising volume and a narrower spread

[sif12] 09/10/2010 16:23

davydoo, you pointed these out on the GNG thread, so I thought I'd take a quick look.

no debt, cash in bank looks good. EPS of 0.51HK cents for H1 2010. Extrapolating using different margins for old business and new (metals trading), im getting about 1.2-1.5 HK cents full year. at current exchange gives 0.1-0.12p (wide earnings range i know, used a couple of different ways to extropolate-worst case, best case)
Using PE 10, current share price seems about right.

But was mentioned on here that the mine is worth about 5p a share, there is cash at bank also.

Negatives, small free float, past CEO indescretions.

In reply to your original reason for posting on GNG, I still believe TAIH, GNG and and YGH fall into the bracket of unloved chinese stock, which if we're all honest have their own individual complications, but also positives and future prospects.

Ive only had a fairly quick look, and so happy to take feedback on above figures.

sif

[piedro] 06/10/2010 12:28

Sorry cannot help.
I'm new here thanks for your comments at 2233.

[mattjos] 05/10/2010 14:24

is it me or has the website been receiving some improvements of late?

[piedro] 05/10/2010 13:54

Picture from the website ......



... would that be the Fujian Sanko mine ? - Looks well worked.