Chaoda Modern Agriculture Holdings Ltd (PK) (CMGHF) Quote

CMGHF: Annual Results

http://www.irasia.com/listco/hk/chaoda/announcement/a148089-e_ann_00682_20150924.pdf

CMGHF issued a PROFIT WARNING on their website.

http://www.chaoda.com.hk/pic/e_Ann_00682_20150911.pdf

CMGHF: Date Of Board Meeting

http://www.irasia.com/listco/hk/chaoda/announcement/a147694-e_ann_00682_20150914.pdf

At the time I honestly thought it was going to retrace to that point or lower - it didn't which is also positive.

I think I'm still positive
Ok maybe I have misinterpreted it when you said at 4 cents recently that the stock will keep going down well below 2 cents.


looking for a reason to buy back in and just haven't seen it yet.
Well now it's probably a hard buy after it just doubled but the time to buy it back was at 3-4 cents when I tried to make the case for it. Just saying.

I think I'm still positive - just not in it for now, looking for a reason to buy back in and just haven't seen it yet.

The fact that they followed thru on their promises to return to trading was huge.

Yes I know you are out and I have never understood your reasoning to get out because nothing changed on the situation since before the relisting where you have been the biggest supporter and most positive guy here.

It's doing well, I'm already out and not interested in getting back in.

The HK ticker is doing well and not nearly as volatile as it was.

Still too high
You still waiting for sub 2 cents CMGHF's? Now almost back to it's prior highs at 8.5 cents.

Hm... Still a 10% discount here on the OTC, compared to the main exchange in Hong Kong. It will be nice to see if we're establishing an up trend. It looked a bit curious with that heavy buying on HKE during the last hour or so today.

Results were not great..the only positive I saw after a very quick review is the debt to equity position..we need good news from the company..what happened to the share buyback program..didn't see any mention of that and now would be the best time for this as the share price is in the dumpster..
still holding

$CMGHF: Six Months Results

http://www.irasia.com/listco/hk/chaoda/announcement/a136628-e_irann_00682_20150227.pdf

You need to consider and weigh in more than what you're currently doing to be trading at all on the OTC, IMO. You cannot just look at the bottom line for two periods and draw a straight line, like it seems is what you're doing. It doesn't give you a true image of "reality". There is a lot of value in this company and their credibility was damaged during the trading halt. I think the PPS will recover, and as far as I can see it's stabilizing on HKG around HKD0.32 now. The volume was ridiculous during the first week when trading was resumed and the price was forced down quickly, probably by institutions getting out, as has been discussed here earlier. I believe it can take a while until the PPS recovers though. Still, if you got in before trading resumed you should still have a nice gain in your account, even at these levels.

Who knows, it does look ready to go north though.

I'm saying this has not traded as it should have

Why not? We opened at HK$0.70 but it didn't hold because the results were poor and due to selling pressure from institutions.

We may very well put in a double bottom here at HK$0.31 and then today's price on OTC was the perfect buying opportunity.

We are trading at 6% of book value. It's too low. Any news and we could get a double. Or we could get a double for technical (and fundamental) reasons. I'd be a buyer here.

Nah c'mon, to state that it won't stop at 2 cents while the current price is 4 cents is as negative as possible. That's hilarious. And what will this night decide when it comes to not stopping at 2 cents while it's still trading at double that price. Nothing. That's all nonsens as far as I'm concerned sorry.

Just like the nonsense reason (volume is less on the otc suddenly after it trades in HK-what is very surprising btw...NOT) you gave why you sold a few days after it listed in HK again and a few days after you came up with all that extremely positive stuff and insane price targets just a week earlier.

If you think the numbers suck then yes I agree but they also sucked at the time you talked about a probable 10 bagger right before it started to trade in HK.

I'm not negative as you say. I'm saying this has not traded as it should have and it continues to lose steam on the HKEX

You are confusing reality with "negativity". The fundamentals are bearish and there ain't a damn thing you or I can do to change that - Only the company can come out with a reason to make it rise. Blackrock is trimming out of it......... I'm sure they know more than I do.

At the same time UBS has increased it position.

So it is stuck waiting to see how the meeting goes.

JMO

I have yet to hear one single reasonable argument from you why you went from the biggest positive guy here (ridiculously positive) to surprisingly and utterly negative on the stock. All the stuff you used to talk up the stock in the past didn't change.

So far I only heard you talking in riddles.

I don't think its gonna stop at 2 cents. We will know something tonite or tomorrow but it is trending for a new low on the HKEX with almost no support left to prop it up.

Company will report results for H2 2014 of Feb 27
http://www.irasia.com/listco/hk/chaoda/announcement/index.htm

Seems like the price is stabilizing on both HK and OTC by now. I think we will start seeing a more steady upward trend quite soon.

I don't think you get what I'm talking about.

Look at the chart if you don't believe me.

LOL ok. Funny.

100% RELEVANCE BECAUSE I BOUGHT AT .02 IN THE PAST.

What relevance does the 2 cents price have from the past? Answer is zero. At that time it wasn't even known whether HK will ever open again, whether the auditor will even sign the financials and on and on.

Still wondering why the volume suddenly isn't as high anymore on the OTC as when HK was still closed?

Huh? this company has 25% of total HSI volume???

Dash for trash?

Shortie days are numbered...

http://www.dailymail.co.uk/wires/reuters/article-2947015/Hong-Kong-shares-flat-China-policy-easing-hope-soothes-sentiment.html

"Among the most actively traded stocks on Hong Kong's main board were CCT Land, unchanged at HK$0.02 SMIC , up 4.4 percent to HK$0.72 and Chaoda Modern , up 18.5 percent to HK$0.39.
Total trading volume of companies included in the HSI index was 1.1 billion shares. (Samuel Shen and Pete Sweeney; Editing by Jacqueline Wong)"

Huh? this company has 25% of total HSI volume???

It could go up any day now in HK and then we will be back at 5 cents.

It happened today

Now let's see if we can squeeze a 4-day rally out of this.

You think .02 will come back?

Too high? It was trading for 4.2 cents in HK and you could get it for 3.5 cents on OTC. It could go up any day now in HK and then we will be back at 5 cents.

Still too high

You got your 4 and 3.5.

Yes. At 4 and then 3.5. And maybe 3 as well if it really goes that low. I hope something will come from the company sooner or later.

What is your buy in on he next dip? .03-.04

You can probably trade it on here as long as you use a fair price. Which should be 4.6 cents now.

I'm definitely watching. Not sure I'll pull the trigger though. I'm in agreement with RD's comparison to ABAT, big sellers selling off because they had to and the resultant bounce. I bought ABAT back then and got lucky with the timing and did well. So I'm definitely intrigued.

Yes that's what I said to Ernie Bilco recently. Once HK is up and running the OTC market will be nothing more than a mirror of HK and will only have good volume if there is a special reason for it like some event after the HK close or any special MM reshuffling or whatever. In general liquity won't be that good. The disadvantage is that I don't want to be up all night all the time just to trade this stock. I'm more than enough time in front of my trading screen. LOL

Might have to work with limits and hope for fills once there is some movement to the upside again if ever. Are you buying some back which you sold at 07?

Much more liquid on the HK exchange. Probably don't need to worry about it since I'm not buying of any significant size but am concerned with the low liquidity here in OTC land.

I bought some at 37 HKD cents in the night. I have another small bid in the low 30's and some in the mid 20's. I also still have some OTC shares.

Did you buy on the OTC or the other exchange?

Closed down another 12%. Getting cheap now it seems.

Down 2%. I wasn't expecting it to be any different. Why?

Take a look at ABAT, back in 2011 when the stock was delisted. It dropped from $1 to about $0.30.

http://www.marketwatch.com/investing/stock/abat/charts?symb=ABAT&countrycode=US&time=100&startdate=10%2F1%2F2011&enddate=1%2F1%2F2012&freq=1&compidx=none&compind=none&comptemptext=Enter+Symbol%28s%29&comp=none&uf=7168&ma=1&maval=50&lf=1&lf2=4&lf3=0&type=2&size=2&style=1013

And it took 8 days for the rally to begin. Not 2, not 4 but 8.

My point is, the dynamics are roughly the same here. You have quite a few of institutions selling out. And shorts exploiting it, pushing it down even further. Until... you reach a saturation point and things start going the other way.

The reason why ABAT rallied is because it had strong fundamentals. And pictures emerged on the internet about their new plant.

The reason why CMGHF will rally is, because, we are relisting, we are not being delisted. And because we will get some positive news at some point, no doubt.

So the shorts don't know it yet. But their days are numbered.

Anyone here just snap up 178K shares at $0.041?

The volume is ridiculous. 10-20% of the total shares outstanding are traded each day in HK, a billion shares traded in the last two days. On the OTC 100k in total the last two days... Both are ridiculous and the contrast makes it even more so. I intended on holding this maybe until April since it might be beaten down in the beginning, but I wasn't expecting the action we've seen in HK. Now I'm thinking about adding instead of just holding.

I think there will be more dividends but they haven't announced a quarterly dividend yet.

RD, any idea if the divvy paid by CGA is just a one time payment or will they be now paying on a quarterly basis.

Yes, that is the good thing about this stock. They will get new investors. That will probably take more time.
And the results have been very poor so we need to some improvement there.