Cassava Resources 841

Re: Asia Cassava Resources 841

Postby stilicon » Thu Jun 30, 2011 9:45 pm

results for FY2011 are in : http://www.hkexnews.hk/listedco/listconews/sehk/20110630/LTN20110630848.pdf

- net income down: -18%
- dividend down (2,2cH + 4cH final=6,2cH vs. 8cH LY)
- cites PRC's price controls for the decline in operating margin.
- no cash flows info yet.

(not even thinking about going in - seems far too risky for little me).
stilicon
Coolie
 
Posts: 204
Joined: Fri Sep 12, 2008 5:21 pm

Re: Asia Cassava Resources 841

Postby winston » Mon Oct 10, 2011 9:49 am

Not vested. And how will the current floods in Thailand affect them ?

Profit Warning

The board of directors (the ‘‘Board’’) of Asia Cassava Resources Holdings Limited (the “Company”) wishes to inform the shareholders of the Company and potential investors that, based on the information currently available to the Board, despite that the revenue of the Company and its subsidiaries (collectively the “Group”) for the six months ending 30 September 2011 will record a satisfactory increase over that for the six months ended 30
September 2010, it is expected that the profit of the Group for the six months ending 30 September 2011 will record a significant decrease as compared to that for the six months ended 30 September 2010.

To the best knowledge of the Board, the expected decrease in profit of the Group is primarily caused by the fact that, as previously stated in the Group’s annual report for the year ended 31 March 2011, amidst the rising Consumer Price Index in the mainland China, the rise in domestic price level of corns was controlled.

Thus, the Group was not able to set its selling prices with reference to the international cassava chips prices and fully pass on the rise in procurement cost to its customers, which results in a decrease in the Group’s overall gross profit margin.

http://www.hkexnews.hk/listedco/listcon ... 930713.pdf
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 103151
Joined: Wed May 07, 2008 9:28 am

Re: Asia Cassava Resources 841

Postby winston » Sun Oct 16, 2011 2:21 pm

Not vested

So are they affected by the floods in Thailand ?
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 103151
Joined: Wed May 07, 2008 9:28 am

Re: Asia Cassava Resources 841

Postby winston » Fri Jun 27, 2014 3:07 pm

not vested

CASSAVA RES (00841.HK) up 22% to fresh high year to date on strong profit, dividend

CASSAVA RES (00841.HK) +0.190 (23.171%) 's full-year net profit rose 2.8 times to $116 million, representing EPS of 27.82 cents.

Its final dividend increased 3 times to 5 cents from the year-ago period.

In addition, its revenue grew 32% to $5.16 billion.

The stock opened up 13% and peaked at $1.01, the highest year to date. It last traded at $1, up 22%, on volume of 22.67 million shares.

Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 103151
Joined: Wed May 07, 2008 9:28 am

Re: Cassava Resources 841

Postby investar » Sat Jun 28, 2014 3:55 am

Strong profit increase indeed... it looks like a cheap stock now.
With these numbers a comeback to 2011 levels should be possible?

http://www.hkexnews.hk/listedco/listcon ... 626734.pdf
investar
Foreman
 
Posts: 361
Joined: Tue Feb 16, 2010 11:59 pm

Re: Cassava Resources 841

Postby investar » Thu Aug 07, 2014 2:14 am

Volume picking up.

http://finance.yahoo.com/q/hp?s=0841.HK ... cal+Prices

Return to 2 HKD seems possible?
investar
Foreman
 
Posts: 361
Joined: Tue Feb 16, 2010 11:59 pm

Re: Cassava Resources 841

Postby investar » Tue May 26, 2015 6:34 pm

Results coming up in a month or so.
A few weeks before last half-year results, they issued a "positive profit alert".
A return to well above 2 HKD is possible if they would to that again...
investar
Foreman
 
Posts: 361
Joined: Tue Feb 16, 2010 11:59 pm

Re: Cassava Resources 841

Postby investar » Sun Jun 07, 2015 10:34 pm

It was above 2 HKD last week already.
Getting curious about the results. All time high of 2.7 HKD could become new target?
investar
Foreman
 
Posts: 361
Joined: Tue Feb 16, 2010 11:59 pm

Previous

Return to C

Who is online

Users browsing this forum: No registered users and 1 guest

cron