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
