Sino Forest
Die sind Anfang August ja Pleite-
Was zwar nicht passieren wird - aber so viel zu den Agenturen-
Da spielen andere Player und Intressen im Hintergrund eine Rolle die wir nicht kennen.
Es gibt keinerlei neue Informationen wie Fitch es letzte Woche auch heraus gegeben hat und diese derzeit nicht in der Lage sind ein Rating zu erstellen.
SINO-FOREST CORP (Toronto: TRE.TO) ist heute zwischen $ 3,36 bis 4,42 mit insgesamt gehandelten
Volumen von 9.272.069 Aktien. Bei einem aktuellen Preis von $ 4.28,
ist TRE.TO 0,75 bis +21,25% gegenüber dem Schlusskurs des Vortags von $ 3,53
Der stärkste Tag den ich hier auf Käufer Seite überhaupt beobachtet habe.
Nach schlechten Vorzeichen ist hier wohl ein Großer Player oder ein Insider eingestiegen.
Es dürfte lohnend sein sich die Shareholder Liste die nächsten Tage genauer anzuschauen.
Dürfen wohl spannende Tage und Wochen bevor stehen.
Nachbörslicher Kurs in Toronto: C$ 4,28
Jetzt ist der Weg erstmal wieder frei bis zum Hoch von vor zwei Wochen.
auch bei Reuters spekuliert man nach den Großen Paketen die gestern weg gekauft wurden vom Markt auf einen Fonds oder Spekulant der hier eingestiegen ist, oder zugekauft hat+++
Quelle:
http://www.reuters.com/article/2011/07/19/...GreenBusiness&rpc=43
TORONTO | Tue Jul 19, 2011 4:47pm EDT
(Reuters) - Shares of embattled Chinese forestry company Sino-Forest rose more than 20 percent on Tuesday, as speculative investors jumped back into the stock after a sell-off over the last few days.
"This is now in the hands of speculators," said Barry Schwartz, who is a portfolio manager at Baskin Financial Services. "I would imagine there is another fund, or speculator accumulating a position."
Shares of the Toronto-listed company have plunged more than 75 percent since the beginning of June, following accusations of fraud leveled by influential short-seller Carson Block and his firm Muddy Waters.
But the stock won a short reprieve earlier this month when Boston-based institutional fund manager Wellington Management Co decided to raise its stake in the company.
"You have such a low-priced stock and the possibility of huge returns," said Schwartz. "The market doesn't care where a stock used to be, or what you paid for it. It only cares about the here and now.
Sino-Forest has lost roughly C$3.5 billion in market capitalization, since the Muddy Waters report went public in early June. Sino-Forest has denied any wrongdoing and it has asked a team of independent directors to look into the charges leveled against the company.
Optionen
| Boardmail an "prochi" |
Wertpapier: Sino Forest |
http://www.newswire.ca/en/releases/archive/July2011/20/c6480.html
Richard Chandler Corporation Announces Investment in Sino-Forest Corporation
TORONTO, July 20, 2011 /CNW/ - The Richard Chandler Corporation announced today that Mandolin Fund Pte Limited ("Mandolin") has, on July 19, 2011, acquired beneficial ownership of 2,442,900 common shares (the "Acquired Shares") of Sino-Forest Corporation (the "Company"), which represent approximately 0.99% of the issued and outstanding common shares of the Company. As a result of this acquisition, Mandolin's shareholding in the Company is an aggregate of 26,709,900 common shares, which represents approximately 10.85% of the issued and outstanding common shares of the Company. The Acquired Shares were purchased on the Toronto Stock Exchange at an average price of C$4.0583 per common share.
As a result of this acquisition and applicable Canadian securities laws, each of Richard Chandler Capital Corporation ("RCCC"), RCCC's sole shareholder, Cosimo Management Limited (in its capacity as trustee of the R. F. Chandler Capital Trust, a discretionary trust) and RCCC's direct wholly-owned subsidiary, Richard Chandler Capital Corporation Pte Limited (which owns all of the shares of Mandolin), is deemed to beneficially own the Acquired Shares.
The Acquired Shares were acquired in the ordinary course of business for investment purposes. Mandolin, RCCC, Richard Chandler Capital Corporation Pte Limited and Cosimo Management Limited (in its capacity as trustee of the R. F. Chandler Capital Trust, a discretionary trust) may, from time to time and at any time, subject to applicable securities laws, acquire additional common shares of the Company and/or other equity, debt or other securities or instruments (collectively, "Securities") of the Company in the open market or otherwise may dispose of any or all of its Securities in the open market or otherwise, at any time and from time to time, and to engage in any hedging or similar transactions with respect to the Securities, in each case subject to applicable securities laws.
About the Richard Chandler Corporation
The Richard Chandler Corporation is a private investment group based in Singapore and founded by New Zealand-born entrepreneur Richard F. Chandler. The Richard Chandler Corporation's mission, Building Prosperity for Tomorrow's World, adopts a holistic approach to building sustainable prosperity through investments in financial, social and creative enterprises. Since 1986, the Richard Chandler Corporation has provided capital to companies and governments from Asia and Africa to Latin America and Eastern Europe, and invested in a wide range of industries, such as telecoms, power, steel, banking and energy.
So jetzt gibt es wohl kein Halten mehr-
Quelle: Reuters
http://www.reuters.com/article/2011/07/20/sinoforest-shares…
The Mandolin Fund, run by New Zealand-born billionaire Richard Chandler, said on Wednesday it now controls 10.9 percent of Sino-Forest's issued and outstanding shares.
The group said it acquired about 2.4 million, or 1 percent of the company's outstanding shares on Tuesday. The fund's move explains the 21 percent surge in Sino-Forest's share price on Tuesday. [ID:nN1E76I1MW]
SINO-FOREST CORP (Toronto: TRE.TO) ist heute zwischen $ 4,31 bis 4,99 mit insgesamt gehandelten Volumen von 10.322.552 Aktien. Bei einem aktuellen Preis von $ 4.59, ist TRE.TO 0,31 bis 7,24% aus dem vorherigen Handelsschluss der bei 4,28 $.
Richard Chandler Corp sagte heute in einem Statement, dass seine Mandoline Fund Pte 2,44 Millionen Sino-Forest Aktien gestern erworbenen hat und der Anteil auf 26.700.000 Aktien damit
auf 11% Anstieg.
Das heutige Volumen und die gezielten Blöcke in der ersten Handelshälfte , lässt daraus schließen, dass weitere Anteile von Sino heute einen neuen Besitzer gefunden haben.
Eine Meldung dürfte Morgen oder die nächsten Tage hier zu erwartet werden.
Nachbörslicher Kurs in Toronto C$ 4,62
Allen einen schönen Abend--
Stehe kurz vor dem Einstieg. Wie seht ihr´s?
Zum Einen sind die massiven Aufkäufer der letzten Tage zu beobachten und auf der anderen Seite ist die Verschiebung der Besichtigung und die Herabstufung durch eine Ratingagentur zu sehen.
Was soll man davon halten ? Ich vermute aber, dass die "Verurteilung über nicht korrekt geführte Bücher" vor einigen Wochen doch zu voreilig war.
Wenn der Kurs noch einmal weiter runter kommt werde ich auch wieder einsteigen.
Potential ist auf jeden Fall vorhanden !
Meine Meinung.
Gruß
habe mir mal die Blöcke ausgerechnet die gestern sich wieder jemand einverleibt hat.
4,5 Millionen Aktien Gestern hat da jemand in Großen Blöcken wieder hinzugekauft.
Nach dem wohl ein Fond nach dem anderen aufstockt, kann ich mir wohl nur vorstellen,
das irgend welche Ergebnisse bekannt sind.
Richard Chandler wird wohl nicht blind gekaut haben und sein Durchschnitts Kurs bei über für 4,06 CAD.
Die hätten Tagelang viel billiger kaufen können.
Die wissen was.
Da bin ich mir sehr sicher-
Meine Meinung
Kleine Tagesausschläge von Privatanlegern bestimmten den heutigen Tag.
Nach den Extremen beiden letzten Tagen wieder mal ein Entspannter Sino Tag aber mit noch relativ hohem Volumen und ein weiterer Tag im Grün.
SINO-FOREST CORP (Toronto: TRE.TO) wurde heute zwischen $ 4,58 bis 4,99 mit insgesamt gehandelten Volumen von 5.098.245 Aktien.
Bei einem aktuellen Preis von $ 4,68, ist TRE.TO +0,09 bis +1,96% zum gestrigen Handel Schluss von 4,59 $.
Verunsichert mich, dass Moodys das Rating von Sino-F herunterstuft, u.zw. so, dass ein Investment riskant sei. Wie bewertet Ihr dieses Rating ? Der Milliardär Chandler hat sich wohl darüber hinweggesetzt - aber was macht der Kleinanleger ?
EMFIS.COM - Peking 22.07.2011 (www.emfis.de) Wie jetzt bekannt wurde, hat die Investmentgesellschaft Mandolin Fund Pte Ltd. ihren Anteil an Sino-Forest auf 10,9 Prozent aufgestockt. Inhaber des Unternehmens mit Sitz in Singapur ist Richard Chandler. Chandler, seines Zeichens Milliardär und Philanthrop, hat sich darauf spezialisiert, unterbewertete Aktien von Firmen aufzukaufen, die sich in Schwierigkeiten befinden. Zudem setzt er sich aktiv für eine Ausweitung der Aktionärsrechte ein. Mit dieser Transaktion wird Mandolin zum drittgrößten Anteilseigner von Sino-Forest. Bereits Anfang der Woche war der Kurs von Sino-Forest um mehr als 20 Prozent gestiegen, nachdem durchgesickert war, dass sich die US-Investmentgesellschaft Wellington Management mit 28,3 Millionen Anteilsscheinen eingedeckt hat. Wellington besitzt nun an Sino-Forest einen Anteil von 11,52 Prozent. Pensionsfonds klagen Derweil haben der Labourers Pension Fund of Central and Eastern Canada und die International Union of Operating Engineers eine Sammelklage gegen Sino-Forest eingereicht. Zu den weiteren Beklagten zählen auch der Wirtschaftsprüfer Ernst & Young und die Finanzdienstleister Credit Suisse und Merrill Lynch Canada. Lesen Sie zu diesem Thema auch den Beitrag "Sino-Forest – Aktie im Höhenflug trotz Downgrade von Moody's" auf www.emfis.de .
© 2011 EMFIS.COM
Habe mir biotechspechialx-Hinweis auf die Agenturen v. 19.7. durchgelesen: Einverstanden, so sehr viel ist auf das Rating von MOODYS wohl nicht zu geben - zumal Fitch sich ja damit zurückgehalten hat und die Börsen das Rating offenbar ignorieren. Der Markt hat Recht, Moodys nicht. Mit Blick auf die Vergangenheit ist der Kurs ja auch nicht hoch, Sino eher noch unterbewertet.
Fulminante 3 Tage / 4 Tage im Plus.
Einen Freitag im Plus, dass hat man auch nicht alle Tage.
Allerdings sollte jedem klar sein das kann nicht unendlich jetzt weiter ohne Korrektur laufen.
Also schauen wir mal was uns am Montag erwartet.
SINO-FOREST CORP (Toronto: TRE.TO) ist heute sehr aktiv gehandelt zwischen $ 4,75 bis 5,20 mit insgesamt gehandelten Volumen von 8.789.623 Aktien.
Bei einem aktuellen Preis von $ 5,19 ist TRE.TO 0,52 bis +11,11% gegenüber dem Schlusskurs des Vortags von $ 4,68.
Nachbörslicher Kurs in Toronto $ 5,20
Allen ein ruhiges und entspanntes Wochenende
BIo
Wieder mal News zum China Aktien-
Persönlich habe ich heute mal meinen Einsatz nach den sehr grünen letzten Tagen etwas
Reduziert.
Viel Spass die Woche
UPDATE 1-INSIGHT-More red flags for Carlyle's China portfolio
Quelle:
[url]
http://www.reuters.com/article/2011/07/25/...strialsSector&rpc=43
[/url]
Sun Jul 24, 2011 11:38pm EDT
* Two more companies with potential accounting weaknesses
* Carlyle China portfolio huge vs rivals
* Carlyle says is patient long-term China investor (Updates to give more details on companies facing potential accounting weaknesses)
By Rachel Armstrong
SINGAPORE, July 25 (Reuters) - More Chinese companies in the Carlyle Group's Asia portfolio have had questions raised about potential weaknesses in their accounting practices or financial controls, bringing further scrutiny to the private equity firm's investments across the country.
Carlyle, invested in more companies in China than any other private equity firm, is not alone in having to sort out parts of its portfolio. Several other major foreign players there have been caught up in various accounting issues that surfaced in the last few months.
In Carlyle's case, though, it has already seized the headlines this year after fraud allegations were levied at China Forestry and China Agritech in high profile accounting-related cases, dealing a blow to the Washington D.C.-based firm's image.
Now two other Carlyle companies in China have come under scrutiny in the last few months. While questions raised at Carlyle's Concord Medical Services and China Recycling Energy are less serious than the two high profile cases, they have gained the attention of major auditors.
Last month, Ernst & Young said in the annual report of Carlyle investment, Concord Medical Services that the China-based company has not maintained effective internal controls over its financial reporting due to a lack of staff with knowledge of U.S. accounting rules.
And in April this year, U.S-listed China Recycling Energy had to refile its 2009 annual report after it failed to set out a full enough assessment of its internal controls in line with SEC requirements.
A Reuters examination of China Recycling Energy's SEC filings show auditor Deloitte raised a series of questions about the company's accounting practices in 2009. Deloitte's contract as auditor was terminated due to a misunderstanding after just three months.
ONGOING INVESTIGATIONS
Hong Kong-listed China Forestry shares have been suspended since January following allegations of accounting irregularities. The company is now in the process of trying to rebuild investor confidence and offered earlier this month to buy back up to $120 million of bonds.
China Agritech was delisted from Nasdaq in May for failing to file its annual report on time. An independent investigation is now looking into allegations made by short-sellers that the company misled investors about the size of its fertilizer business.
Carlyle remains an investor in the company, although its board representative, Anne Wang, resigned as a director in March.
Carlyle told Reuters that it is committed to helping all companies in its Chinese portfolio become international names.
"We are long-term investors in China and are committed to creating value for all our portfolio companies," said Carlyle's Hong Kong-based spokeswoman Dorothy Lee.
"It takes experience, patience and persuasion to guide portfolio companies on their path to internationalization."
Carlyle, with $107 billion under management, has been very active in China and is currently invested in 31 Chinese companies across its Asia Buyout and Asia Growth funds, a huge amount compared to other competitors that have two or three to their name.
Carlyle's investment in China Pacific Insurance , could be one of its most successful of all time. .
The firm has invested in companies such coffee and doughnut chain Dunkin' Brands, rental car company Hertz and UK pharmacy chain Alliance Boots. In Asia, Carlyle invests its buyout, growth capital and real estate funds across the region.
In Greater China, it has offices in Hong Kong, Shanghai and Beijing.
DELOITTE'S SHORT STAY China Recycling Energy, which until 2007 was a mobile phone company called China Digital Wireless Inc, went public on the over-the-counter bulletin board in the U.S. via a reverse takeover in 2004. In March 2007 it changed business models, moving into the energy saving and recycling industry. Eight months later it said Carlyle was to invest, causing its share price to almost double from $1.67 to $3.05. The company announced in May 2009 it was changing auditor and bringing in Deloitte Touche Tohamatsu, one of the world's "big four" accounting firms. "This also marks one of the rare instances in which Deloitte has agreed to provide services to a micro-cap Chinese company, demonstrating CREG's (China Recycling Energy Group) ability and commitment to implement internal financial controls that meet global standards," the company's CEO and Chairman Guohua Ku said in a press release.
Three months later, Deloitte wrote to the company saying it considered itself dismissed after China Recycling Energy announced its previous auditor, California-based Goldman Parks Kurland Mohidin (GPKM), was going to prepare its second quarter report.
Deloitte then flagged that during its brief stint as auditor it had identified five different areas of "potential misstatements" for the company's 2007 and 2008 results.
The issues raised by Deloitte were technical points, including how the company accounted for revenue from the leasing of its energy recycling systems.
Deloitte said it had discussed this and other issues with Carlyle's nominee on China Recycling Energy's board, Nicholas Shao, yet did not feel they were resolved at the time its contract ended.
China Recycling Energy did then restate its 2008 earnings, although the company indicated that in some areas it and auditor GPKM disagreed with some of Deloitte's points.
While the issues raised by Deloitte were highly technical, the company's restated 2008 earnings meant it booked a loss for the year instead of profit as originally reported.
"Net income of $1.8 million originally reported turned into a loss of $2.2 million. That is a pretty significant change," said Paul Gillis, visiting professor of accounting at Peking University and a former partner at PricewaterhouseCoopers.
"There is no indication, however, that the company was trying to deceive anyone or that any kind of fraud was taking place."
Gillis added that it is common for a "big four" auditor such as Deloitte to uncover these kind of issues that smaller accounting firms might have missed.
China Recycling Energy subsequently transferred from the over-the-counter market to the main Nasdaq global board although its share price has fallen 64 percent since the move, last trading around $1.98.
The company said in SEC filings that Deloitte has done some consulting work for them since their audit contract ended, although Deloitte's Hong Kong spokesman Wilfred Lee said they could not confirm this due to client confidentiality.
STAFF SHORTAGE
Concord Medical Services, which Carlyle has been invested in since 2007, released its 2010 annual report on June 29, one day before the final deadline for U.S.-listed stocks.
In the report auditor Ernst & Young, Hua Ming said the lack of appropriate staff in its accounting unit with required knowledge of U.S. accountancy standards meant the company "had not maintained effective internal control over financial reporting as of December 31, 2010."
This is a fairly common problem for China-based companies listing in the U.S.
"China is really short of qualified accountants to begin with, and there are not nearly enough with U.S. GAAP (generally accepted accounting principles) expertise for all of the Chinese companies listed in the U.S," said Peking University's Gillis.
The company, which operates radiotherapy and diagnostic imaging centres in China, has flagged this as an internal weakness ever since it went public in December 2009 and repeatedly said