Cassava Resources 841

Re: Asia Cassava Resources 841

Postby eauyong » Wed Jan 12, 2011 3:39 pm

Time to sell :?:
User avatar
eauyong
Foreman
 
Posts: 380
Joined: Sat May 10, 2008 11:01 am

Re: Asia Cassava Resources 841

Postby winston » Wed Jan 12, 2011 3:44 pm

I think it's because of the high prices of oil which makes ethanol very attractive.

Anyway, it's quite an illiquid stock so it's very easy to push it up if one wants to ..
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: 99943
Joined: Wed May 07, 2008 9:28 am

Re: Asia Cassava Resources 841

Postby winston » Tue Feb 01, 2011 3:00 pm

Vested

Big Seller at 2.18; 460,000 shares through BOCI

Does he know something that you dont or is he trying to frighten you to sell ?
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: 99943
Joined: Wed May 07, 2008 9:28 am

Re: Asia Cassava Resources 841

Postby winston » Wed Feb 16, 2011 10:37 am

Vested

up 6% on no 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: 99943
Joined: Wed May 07, 2008 9:28 am

Re: Asia Cassava Resources 841

Postby eauyong » Wed Feb 16, 2011 11:13 am

Saw this action so many times so off loaded just now. Good Luck. ;)
User avatar
eauyong
Foreman
 
Posts: 380
Joined: Sat May 10, 2008 11:01 am

Re: Asia Cassava Resources 841

Postby winston » Thu Feb 17, 2011 9:34 am

Vested

Result highlights & Investment Summary
August 2, 2010


• End-Mar annual net profit soared 101% yoy to HKD100.3m; EPS of HKD0.311; proposed DPS of HKD0.06.

• Prices of dried cassava chips continued to climb during the period under review, from USD160/tonne to USD173/tonne. And it rose further from USD200/tonne in Mar10 to USD215/ton at present, according to the company.

• ACR sold a total of 1.48m tonnes of dried cassava chips in FY09, up 101% yoy.

• Around 350,000 tonnes of dried cassava chips were sold to companies in ethanol fuel industry, representing an increase of 115% yoy.

• The company remained the largest supplier of imported dried cassava chips in China in 2009, commanding a market share of 35%.

• The counter fell noticeably following its annual result announcement on 26 Jul10.Street seems to have attributed the price fall to margin decline. However, we believe the company will manage to revamp its margins in coming years as new storages will commence operation and the newly acquired dry bulk vessel will help reduce transportation costs.

• ACR is, in our view, slightly undervalued at present, trading at only 4.8x FY11F PE. We set our target price at HKD3.80 per share, or 8x FY11F PE, representing an upside of 67% over a 12-month investment horizon.

http://www.vcgroup.com.hk/CM_v2/Documen ... 0(841%20HK)%20-%20company%20update%20(2%20Aug10).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: 99943
Joined: Wed May 07, 2008 9:28 am

Re: Asia Cassava Resources 841

Postby winston » Thu Feb 17, 2011 4:01 pm

Vested

Big Elephant selling 162,000 shares @ 2.43 through ICBC
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: 99943
Joined: Wed May 07, 2008 9:28 am

Re: Asia Cassava Resources 841

Postby winston » Fri Feb 18, 2011 3:49 pm

Not vested anymore

Big Elephant Selling 200,000 shares @ 2.41 through ICBC. Same guy from yesterday ?
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: 99943
Joined: Wed May 07, 2008 9:28 am

Re: Asia Cassava Resources 841

Postby winston » Thu Feb 24, 2011 3:22 pm

Not vested

Big Elephant selling 250,000 shares @ 2.25 thru Phillips
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: 99943
Joined: Wed May 07, 2008 9:28 am

Re: Asia Cassava Resources 841

Postby winston » Mon Mar 07, 2011 10:53 am

Not vested

Spiked up to 2.45 on no 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: 99943
Joined: Wed May 07, 2008 9:28 am

PreviousNext

Return to C

Who is online

Users browsing this forum: No registered users and 1 guest