Yinggao Share Discussion Threads

[davydoo] 08/4/2011 07:34

To follow up on your efforts Mattjos I was googling this morning trying to find more on the number of barges



If you type Ying Gao into the search box, 14 vessels come up, ranging from 301 - 335.

Although no detail seems to be available about each one

[mattjos] 07/4/2011 20:58

I asked about the trading activities in December and was advised to the effect that Yinggao has now focused its business in terminal operation and shipping logistics. New businesses are aimed to provide synergies to this "theme" - to provide a "one-stop" shop to their client base i.e. container terminal, shipping agency service, vessel chartering, container chartering, export & import trading etc. Therefore, the metal trading business is in line with their core business. Again, more details on the strategy to be provided in the FY10 results

But, I'd suggest a couple of other people might like to approach the company .. Angela is very approachable and fullsome in her response to me. We are shareholders in Yingaao .. it is 'our' company. It's always been my experience that company directors are willing and happy to talk about the company with shareholders. Personally, I will not invest in a company that does not engage as openly with shareholders as market rules permit, according to things like closed periods.

I look forward to the FY10 results when i trust we will receive more detailed commentary on Yinggao's future plans & this will help to put the negative elements of the past more firmly behind us & improve sentiment to the shares.

[buggy] 07/4/2011 19:51

Before we get ahead of ourselves ... lets remember that a large chunk of the H1 TO was due to their new Trading arm. I am not really sure what exactly they trade and if the slow down affected it?

Will be interested what this trading is as there did not seem to be any explaination that I can find.

[davydoo] 07/4/2011 18:13

Thanks Mattjos, great investagative work. The impact to the full year figures should be substanital when you consider the impact to the interims of barges that were only acquired during the period, let alone those acquired since.

[mattjos] 07/4/2011 17:55

In the FY 2008 results i refer to the statement:

"Since the container vessels now in operation were named by numbering as Ying Gao 301, 302 etc, a resolution will be proposed at the Annual General Meeting to change the name of the Company to "Yinggao Holdings plc". Similar name changes will be made in subsidiary companies. The Board believes that the change will help the Group to build up a brand name and establish a strong image in the market."

Searching the HK Marine index of Arrivals / Departures at:



You can find reference to the vessels registered as "Ying Gao nnn" & see their movements ... I can regularly find references to Ying Gao vessel number 326 .... suggesting they have got up to vessel number 326 from the start point of 301 .... of course we cannot therefore correctly assume that all 25 boats are in operation as perhaps some have been replaced. I do not know the etiquette but it seems not a too far wrong conclusion to arrive at

[buggy] 05/4/2011 12:51

Mattjos,

Not sure anything can help with the liquidity .. unless the majority owner releases more shares to the market.

Most PI that has the shares have them under lock and keys so there is not many around hence teh wild swings in share price.

[mattjos] 05/4/2011 12:30

when i enquired of the company in early December, one of the questions i had, was how big the barging fleet was at present and was it the case that the fleet was to be expanded by another 10 barges in total or, at a rate of 10 barges per year as, the prior announcements were not totally clear in the wording & I was a little unclear
I was advised that as at start of December they had 15 barges in the fleet corresponding to a capacity of 32,000Mt with the majority shareholder planning to deliver at least 10 new vessels per annum. Size of vessels is 228TEU. So that cleared up the ambiguity in the prior announcements for me.

That was a point i felt which followers here may not have fully grasped and indicates a 60% growth rate in the barge fleet for 2011. That is some rate of expansion to consider.

I was also advised that they will talk more about the future plans of the company in the FY results, which i am looking forward to .... a plan of future intentions and then a little more regular newsflow to help the market gauge progress through 2011&12 would, imo, do wonders for the share price and the liquidity here

[damanko] 22/3/2011 08:38

Good find, puts some perspective on the level it has been trading at for several years now. I remember when ARKO was an AIM star, worth well north of a hundred million pounds.

Mind you - I also remember Norwich City beating Bayern Munich............

[mattjos] 21/3/2011 22:59

this is the only chart i can now find for AKO (as YGH once was). ADVFN not allowing it to be re-charted any more. As I have said before, 2p has been a pivotal level in the past and we've built a little base here now.
If the trading venture & the barging fleet have continued to grow in line with recent trading & the dock + warehousing devt continues as planned then i see no reason why we shouldn't leave sub-2p level behind us now. couple of months to go now before the FY results & the all important Outlook statement.
Be nice if they gave some more details/milestones this time on how they plan to expand the business going forward ... & you never know, some commentary on the grante mine

[damanko] 21/3/2011 15:42

The company gives no guidance, in fact - if you look at recent years - it announces the bare minimum, ie what is required by the rules of AIM only.

Having bought 8 years ago at 6p, then watch it become virtually (price wise) worthless, and then averaging down, I find that right at this moment (were I to sell...) - I'd just about break even.

I shan't be selling though, life's too short, and there may even be more to come. Older holders and readers of the thread will know that quite often with this company (in fact more often than not....) - rises and falls in the share price have little rhyme or reason.

[wheresthevalue2] 21/3/2011 15:08

Do we have any idea of what the FY numbers will be? Have the company given any guidance?

Bought a few today as a starter, a couple of obvious concerns regarding governance but looks undervalued from here

[mattjos] 21/3/2011 14:55

highest price here now since Sept 09 & I'd tentatively suggest it will need to go higher yet in the run to the FY statement before we see much in the way of selling. V nicely off radar to most at this stage but, reckon the FY statement might change things.

[damanko] 07/3/2011 14:55

Hmm. So amongst the usual small volume, who on earth would be buying one thousand shares at 2.28 pence? Obviously - at that price - a buy. But given the spread, and the miniscule amount of shares/money involved - very odd.

[buggy] 23/2/2011 09:56

damanko,

No need deleting. There is still some fair points in the research so long as whoever is reading factor in that the reseach may not be very accurate. You can use the pointers they provided as a starting point for one's own reseach.

Since there is very little information on YINGGAO out there every little helps.

[damanko] 23/2/2011 09:50

Fair point buggy, thanks for the tip, will delete the post. Onwards, and - we hope - upwards.............

[buggy] 23/2/2011 09:44

Damanko,


Saw that Reseach a couple of weeks ago and threw it into the bin, in a sense, as worthless.

They are talking about Yinggao owning a power plant. An asset that they disposed of about a year ago. Based on that I had no confidence in the quality of their research.

[davydoo] 22/2/2011 14:36

Stock could be limited again. I paid 2.35p last night for 100,000 when the ask was 2.25p and this morning there was a buy at 2.60p which is the highest for a long time.

[mattjos] 26/1/2011 23:47

Reckon Guangzhou is going to be even busier for the forseeable future. Quite what sort of opportunity this presents Yinggao & how they may prosper in/amongst this sort of project we can only guess at but, a well established business with a fleet of modern efficient barges increasing at 10 new vessels per year, expanding warehousing & terminal handling, a fledgling commodity trading business .. located at the heart of this sort of action ....... opportunities are going to come knocking on a regular basis for some time to come. This small but recently re-invigorated business looks well set to me.

[damanko] 26/1/2011 10:21

Recent trades from LSE:

Time/Date Price Volume Trade value Type

08:23:48 2.33 100,000 2,330.00 O
08:01:28 2.10 100,000 2,100.00 O
16:13:07 24-Jan-11 2.34 4,870 113.96 O
15:43:00 21-Jan-11 2.04 75,000 1,526.25 O
13:32:13 21-Jan-11 2.19 250,000 5,475.00 O

Recent trades from PLUS Markets:

24/01/2011 11:33 O 10,000 @ 2.34
24/01/2011 10:18 O 10,155 @ 2.34
21/01/2011 16:09 O 75,000 @ 2.06
21/01/2011 11:25 O 75,000 @ 1.95
19/01/2011 15:42 O 12,773 @ 2.25
18/01/2011 08:30 O 50,000 @ 2.25

As usual with YGH, not a great deal of volume, but what there has been recently all appear to be buys. No doubt a reflection of the (relatively) tiny amount of free float shares in existence, but whatever - these trades are moving the share price. In fact we're entering price territory not seen in this share for a long, long time.

[mattjos] 21/1/2011 20:35

Interestig things have previously happened around the 2p level

[mattjos] 21/1/2011 15:50

not sure i agree with that statement going on what i see today :-)

[buggy] 21/1/2011 14:28

While this is still a buy, the price preasure however is downwards.

A couple of weeks ago you could sell 500K but only buy 10k. Today you can buy 500K but only sell 100K. Further sells will move the price downwards.

In the big picture it really does not matter as this is still a long term hold.