Could CAE be the next milk stock?
CAE
Market Cap $922k
Shares on issue 92,160,663
Top 4: 50%
Cash: $24k
Available cash: $1.4m of 2m drawdown facility
Assetts: Gold mining tenements - 3m
Announced November 24: - Actively pursuing Aussie to China trade acquisitions eg agriculture/food/beverage/tech that support producing, storing and transporting of Aussie produce targeting Middle Class Chinese. Has support in this direction from prominent Hong Kong billionaire Fung family's Aquis Group both as a shareholder (12m shares about to increase to 24m) and future funding provider.
Doing due diligence on several propositions before signing a formal agreement. Market update due soon.
Fung Group - This is not just a whim to get on board. The Fung Group's business research branch produced a 20 page analysis of the China Dairy Industry back in 2006. They specialise in supply chain management on a multi-billion dollar global scale. And their Aquis Group became a holder in March. Diversification announced in October. Acquisition opportunities mentioned in November. Update due soon.
Currently conducting negotiations.
link to - announcement of potential acquisition of "Stuff to China" -
http://www.asx.com.au/asxpdf/20151124/pdf/4337d5nhr5tvf3.pdf
link to - who the Fung is that?
http://www.theaustralian.com.au/bus...l/news-story/1f7d7877cb8aa448456e3a07c60ce0b2
link to - amazing short video of resort Aquis are building in Cairns - gives you an idea of how big a player they are.
link to - report on Chinese Dairy Industry by Fung Group back in 2006.
http://www.funggroup.com/eng/knowledge/research/industry_series8.pdf
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Last
6.0¢ |
Change
0.002(3.45%) |
Mkt cap ! $34.68M |
Open | High | Low | Value | Volume |
6.0¢ | 6.0¢ | 5.7¢ | $3.869K | 64.90K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 79565 | 5.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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6.0¢ | 17651 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 79565 | 0.057 |
1 | 90909 | 0.055 |
3 | 242000 | 0.050 |
1 | 20000 | 0.049 |
1 | 88888 | 0.041 |
Price($) | Vol. | No. |
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0.060 | 17651 | 1 |
0.061 | 276000 | 1 |
0.062 | 4000 | 1 |
0.073 | 130000 | 1 |
0.078 | 17000 | 1 |
Last trade - 16.10pm 20/06/2024 (20 minute delay) ? |
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