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Yangzijiang 3Q14 results tomorrow. Yangzijiang Tipped BUY 06/11/2014 http://singaporestockmarketnews.blogspot.co.uk/2014/11/traders-corner-yangzijiang-shipbuilding.html#more

Expectations: Yangzijiang is the only stock to see earnings upgrades YTD, and we expect margins to surprise positively with the progressive delivery of 10,000 TEU containerships. We also expect a reduction in held-to-maturity assets from Rmb13.0 bn in June 2014. https://sites.google.com/site/researchreportc2/CreditSuisse_SingaporeOffshore&MarineSector29102014.pdf

guru121, Yangzijiang 3Q14 results tomorrow. Hopefully some insight into their offshore business progresssion.

Free float under 20% Shareholders on the register of shareholders as at 24 June 2014 with a 3% or more interest in the Company's share capital are detailed below: Percentage of issued ordinary share capital (%) Qatar Investment Corporation (1) 61.09 Mena Global Investments (1) Limited 9.20 Global Tech Investments 1 PTE Ltd (2) 5.28 Dune Engineering PTE Limited 5.19 (1) Qatar Investment Corporation is a wholly owned investment vehicle of Mr Ghanim Al Saad, Non-Executive Chairman of the Company. (2) Mr Lau, Chief Executive Officer of the Company, is a Director of Global Tech Investments 1 PTE Ltd. http://www.amedeoresources.com/uploads/2014/Amedeo%20Resources%20Plc%20full%20RA%20-%20Final%20clean.pdf

YZJ 3Q14 results out on 7th Nov 2014. Expectations: Yangzijiang (OUTPERFORM) a bright spot. Yangzijiang is the only stock to see earnings upgrades YTD, and we expect margins to surprise positively with the progressive delivery of 10,000 TEU containerships. We also expect a reduction in held-to-maturity assets from Rmb13.0 bn in June 2014. https://sites.google.com/site/researchreportc2/CreditSuisse_SingaporeOffshore&MarineSector29102014.pdf Hopefully a mension of their offshore business.

Around 2009, when the recession hit, the shipbuilding industry took a hit. YZJ diversified into other area including estate.... so that income could be made elsewhere during that time. Since then those none-core businesses are not performing as well. YZJ has decided to restructure itself to sell off all the non-core related businesses and focus on its core businesses of shipping/offshore.

Yangzijiang Shipbuilding sells non-core subsidiary businesses Shanghai: Yangzijiang Shipbuilding (Holdings) has restructured and divested its non-core property subsidiaries to focus on shipbuilding and its related businesses. ... http://www.sinoshipnews.com/News/Yangzijiang-Shipbuilding-sells-non-core-subsidiary-businesses/3w3c3217.html

Not to mension there yard is completed and they can build up to ten offshore rigs, four semisubmersibles and two drill ships simultaneously.

Last month Amedeo Resources gave the following presentation at Manchester: http://www.proactiveinvestors.co.uk/genera//files/companies/3_amedeo_540ed2f0dc64f.pdf It stated "Discussions regarding further orders continue and are advanced" Someone at the meeting questioned Zafar Karim who didn't go in detail but did state that: (see post 176) One thing though that order for follow on rigs - talks are progressing. It takes at least 9 months from start of discussion to completion. He was not able to say yes or no as it was inside info but they are in talks with several companies at different stages from 2 to 4 to 8 month stages..... The presentation states they are in advanced stages so should be close to hearing some good news. Not to mension they acknowlegded that they were in talks with Primepoint Drilling for 2+2 Semi Subs in Feb 2014 (9 months ago) and they stated that due to financial issues on Primepoint's side that the deal was halted but could still proceed.

Over last few days buys have been showing as sells You can currently purchase at 0.53 where the share price is at 0.575, hence showing as sells. This is a steal.

INTERESTING READ: ICBC favours big companies http://www.sinoshipnews.com/News/ICBC-favours-big-companies/3w3c3207.html

INTERESTING READ: China overtakes Singapore in jack-up rig construction http://sinoshipnews.com/News/China-overtakes-Singapore-in-jack-up-rig-construction/3w3c3200.html

Interesting read: 09 Sep 2014 The World Economic Forum announced Monday its selection of Global Growth Companies (GGCs) in Greater China, consisting of 14 of the region’s most dynamic and high-growth companies. These companies are considered trailblazers, shapers and innovators that are committed to improving the state of the world. GGCs are fast-growing companies with the clear potential to become global economic leaders. The 14 nominated GGCs from Greater China represent a broad cross section of industrial sectors, but share in common a track record in exceeding industry standards in revenue growth, promotion of innovative business practices and demonstration of leadership in corporate citizenship. The selected companies that will receive the GGC Award at this year’s Annual Meeting of the New Champions are: City Super Group (Hong Kong), Deppon Logistics Co.,Ltd, Guangxi Liugong Machinery, Hanergy Holding Group, HK Maxim’s Group (Hong Kong), Li Ning Company, Plateno Hotels Groups, Proya Cosmetics, Rainbow Group (Macau), Shandong Hi-tech Chemical Group, Shenzhen Energy, Solareast, Wowprime, Yangzijiang Shipbuilding, and Yuantong Express. “The World Economic Forum is proud to recognize these 14 champions that are at the forefront of driving responsible economic growth, job creation and entrepreneurism in Greater China. We look forward to the active and dynamic role they will play at our Meeting in Tianjin, working with the world’s leaders to foster inclusive, sustainable growth in the region,” said David Aikman, Managing Director and Head of New Champions at the World Economic Forum. .... http://www.eurasiareview.com/09092014-world-economic-forum-recognizes-14-companies-china-global-growth-companies/

Amedeo Resources CEO excited by offshore opportunity https://www.youtube.com/watch?v=Bs7En7KHAi4

Yangzijiang records highest quarterly profit of $201m Yangzijiang Shipbuilding has posted its highest quarterly profit in the second quarter due mainly to a one-off gain and tax refund. Net profit in the quarter ended 30 June 2014 surged 52% to RMB1.24bn ($200.86m) from RMB811.66m in the corresponding period of last year. The jump in profit was due largely to a one-off realisation of RMB130m interest income from the release of restricted cash deposit which reached maturity in the second quarter. Revenue during the quarter dropped 3.4% year-on-year to RMB4.27bn. Despite having nine vessels delivered in the second quarter compared to 11 a year ago, the shipbuilding revenue contribution decreased slightly by 3.2% year-on-year primarily due to the construction and delivery of the first batch of 10,000 teu containerships with higher contract prices. Yangzijiang said it is directing its attention into the shipbuilding and related business to capitalise on the upswing of the shipbuilding industry. The group has downsized its investment in held-to-maturity assets and disposed of non-core businesses such as real estate. “The shipping industry continues to be on a steady recovery track and we have observed that shipowners are enhancing their focus on vessels’ operational efficiencies,” said Ren Yuanlin, executive chairman of Yangzijiang. “This has led to a rise in demand among the shipping industry for vessels that are more complex and larger. Going forward, the group shall redirect focus and resources steadily from its non-shipbuilding businesses towards building on its core strength in shipbuilding to further benefit from the recovering shipping industry,” Ren said. In the first half of 2014, the privately-owned Chinese yard has secured a total of 32 effective shipbuilding contracts amounting to $1.4bn, including four 260,000 dwt bulkers, three 208,000 dwt bulkers and four 10,000 teu containerships. As at 30 June 2014, the group’s outstanding orderbook amounting to $5bn for 122 ships is expected to utilised the yard capacity until the end of 2016. http://www.seatrade-global.com/news/asia/yangzijiang-records-highest-quarterly-profit-of-$201m.html

New Yangzi wins one Kamsarmax BC Published [ 2014-07-24 08:10 ] Jiangsu New Yangzi Shipbuilding of China scored a Kamsarmax bulker from Marshall Islands based Palinorio Shiptrade. According to IHS, the 82,000 dwt bulker is slated for delivery in October 2016. it will be classified by Lloyd’s Register (LR) and registered as Marshall Islands-flagged. Including the latest order, the orderbook for Kamsarmax bulkers in which the Chinese shipbuilder secures has increased to around 50 units. Their delivery date ranges from April 2015 to March 2017. source:asiasis.com

Fortescue Metals Group (FMG) is in talks to order four more VLOC bulker newbuildings, the company disclosed Wednesday. These latest ships are expected to be delivered in late 2017 and early 2018 with the majority of payments also due on delivery, it said. Last month Fortescue invested $275m on four VLOC newbuildings in China at a yard later to emerge as Yangzijiang Shipbuilding. Australia's third-biggest iron ore producer said it was in talks with an another Chinese shipyard to build the latest bulkers. Fortescue chief executive Nev Power said he expects the four additional ships to cost about the same as the agreement struck last month. The miner says its shipping strategy is to lock in construction of these VLOCs which are being designed to complement the port infrastructure to improve load rates, efficiencies and reduce operating costs. “Flexibility has been built into the ownership structure of these VLOCs which will allow Fortescue to explore alternative financing structures at a later date,” it said. “The investment will initially be funded by existing operating cash flows and due to the timing of cash payments, is not expected to impact Fortescue’s debt repayment strategy. Fortescue said it expects the operating cost of these vessels to be well below the current forward market rates for large capesize vessels. “This, together with expected through-put benefits and operational savings at the port, support the investment in these vessels,” it said. Once the eight ships are delivered they will transport about 12% of the total ore Fortescue ships through Australia’s Port Hedland. “There is a relatively limited fleet of these large vessels that are ideally suited for Port Hedland. They will form a core part of the trade between the Pilbara and Asia," Power added. http://www.tradewindsnews.com/shipsales/341042/FMG-eyes-more-VLOCs

Yangzijiang Shipbuilding has collected over $30m from the sale of non-core assets as it looks to tighten its focus on shipbuilding. Singapore-listed Yangzijiang, which has been criticized in the past for its diversification, has raised the bulk of the cash from the sale of its 50% stake in Wujiang Jinke Yangzi Real Estate Development. It tells investors its shares in the company have been cashed in for CNY 200m ($32.22m). A further CNY 10m has been secured for the shipbuilder’s 100% holding in metals trader Jiangsu Leyuan Innovation International. A third asset, Taixing Tongzhou Warehousing, has been disposed of in a CNY 500,000 trade. Yangzijiang says the sales come as part of its “strategy to redirect attention from the non-core businesses into the core shipbuilding and its related businesses”.

Iranians linked to potential 10-ship kamsarmax order in China A potential $322m contract for 82,000-dwt bulkers from a mysterious Middle East private-equity fund could see Iran investing again in new ships Singapore-listed Chinese shipbuilder Yangzijiang Shipbuilding Holdings is reportedly close to receiving a 10-ship kamsarmax bulker order worth $322m from an undisclosed Middle East private-quity fund that could mark Iran’s return to the newbuilding scene. Industry insiders say discussions for the newbuildings are in the final stages. The order is said to involve six 82,000-dwt geared vessels and a further four non-geared bulkers of the same size. Deliveries are scheduled for between the second half of 2016 and first quarter of 2017... http://www.tradewindsnews.com/weekly/340787/Iranians-linked-to-potential-10-ship-kamsarmax-order-in-China

QRM Nav 0.25p, current share price 0.165p They have stated the value of their investment companies Plant Health and Wessex dated 14 March 2014 Wessex has gone up since 14 March from a low of 0.48 to 0.63 (yesterday closing price) so their NAV should also have increased from 0.25p slightly as well.