Ann: Rocklands Financing Update, page-15

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h00ts

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22/12/14

11:41

Post #: 14495643
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Originally posted by shortchange ↑

What does all this really mean. Have to laugh at the Hoot and co the usual negativity and chip on the shoulders stuff. I also see the word dilution. What is dilution? CDU have only 235m shares where most Aussie companies are in the Billions of shares. Anything under 500m shares in an ASX listed company is now considered tight.

The real story as I see it: CDU is dual listing on the main primary board of Hong Kong Stock Exchange. The new shareholders released today is Haitong Securities, one of the largest Security Dealers in China with over 12,000 institutional and high next worth client in over 240 offices.
I think that this is the start of the new CDU with Oceanwide taking up $30m new shares, Minsheng Bank loaning $65m and probably more news to come.

Oceanwide is a massive privately owned company, who recently purchased Hutchison Harbour from Asia's richest man Li Ki Sheng for $4 Billion (see South China Post) and Minsheng a Global 500 company and with Haitong Securities with a listing on the primary board in HK this stock has now where to go but North in my opinion. As for dilution i dont think that there is enough stock out in CDU if 12,000 new clients come on Board from China.

As for Aussie Insto's, they dont really get a look in. I personally think that the investment by Aussie insto's is so small now that they dont rate anymore on a global market compared to the Asian market. They can now just go for the ride.

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"Anything under 500m shares in an ASX listed company is now considered tight."

CDU will likely have 300m shares on issue more if the Port and Rail goes ahead - Original estimates were it would have less than 200m shares on issue and no debt.

Sandfire has only 156m shares on issue.

CDU now 243m plus 24m to O.W "if" they also pay $1.25 ?? plus 16m to Sino as a guess if they will do the electrical for $20m ( 20% below the lowest Aussie quote ) and also take them at $1.25 - so 283m plus 22m options that will get converted if the S/P can get back above $2.50 in the next 12 months

CDU Price at posting: $1.34 Sentiment: None Disclosure: Not Held
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