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Andatee China Marine Fuel Services Corp (AMCF)

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Last Post: 6/12/2020 8:01:07 PM - Followers: 13 - Board type: Free - Posts Today: 0


Andatee China Marine Fuel Services Corporation, through its subsidiaries, engages in production, storage, distribution, and trading of blended marine fuel oil for cargo and fishing vessels in the People's Republic of China. The company also produces blended marine fuel according to customer specifications. Its blend of marine diesel oil is used as substitute for the traditional diesel oil. The company sells its products to retail customers through distributors primarily in Liaoning, Shandong, Jiangsu, and Zhejiang provinces, as well as in Tianjin City. Andatee China Marine Fuel Services Corporation is based in Shanghai, the People's Republic of China.

Website: http://www.ir-site.com/andatee/index.asp


AMCF's subsidiary is a joint venture with CNPC, the largest petroleum company in China.

Andatee China Marine Fuel Services Corporation ("Andatee" or the "Company") through its operating subsidiary Dalian Xing Yuan Marine Bunker Co. Ltd. (Xing Yuan) is engaged in the production, storage, distribution and wholesale purchases and sales of blended marine fuel oil for cargo and fishing vessels.

Xing Yuan was founded in 2001 by Mr. An Fengbin as a joint venture with CNPC Corp's Dalian subsidiary (China Petroleum and Chemical Corporation), the largest petroleum company in China. Andatee is in the process of relocating its headquarters from Dalian, Liaoning province, to Shanghai, which is more central to the Company’s operations expanding throughout China. The Company will maintain its presence in the city of Dalian and employs 142 people across its operations in Shanghai and in the Guangdong, Liaoning, Shandong, Tianjin, and Zhejiang provinces in the PRC.

China’s marine fuel market is expected to more than double between 2008 and 2013. The national market for small and medium vessels is highly fragmented and largely served by small fuel trading companies. This market is characterized by limited competition as well as uneven product quality and service. Andatee's "Xing Yuan" brand is well recognized for its superior product quality and competitive pricing compared to other marine fuels in the underserved small & medium fishing and cargo vessels market. The Company's internal innovation capabilities and stringent quality control allows the Company to enter new provinces very quickly. Andatee has been actively building and acquiring proprietary sites and distribution infrastructure to become the leader in the industry.

The Company’s strategy of vertical integration has allowed Andatee to become the largest privately owned company engaging in marine fuel production and distribution in Northern China. Andatee’s goal is to become a “one-stop-shop” for marine port services by providing petroleum products, maintenance, payment services, and marine supplies for boat operators. The corporation believes that their “Andatee Marine Service Depot” for vessels will increase their customer base as they enter the value-added port services industry.


CNPC~~ China Petroleum and Chemical Corporation, the largest petroleum company in China.


Warren Buffet made $3.5 billion profit from CNPC stock

Buffett revealed he made US$3.5 billion from CNPC stocks and was looking to find a new company with similar circumstances.



AMCF, Third Quarter 2013 Highlights: PROFIT INCREASED 6900%

Revenue in the third quarter of 2013 was $61.5 million, a 95% increase from the second quarter of 2012
Gross profit increased around 6900% year over year to $4.9 million as compared to $0.07 million in the same period of 2012, while gross profit margin during the quarter improved 780 base points year over year to 8% from 0.2%
Operating income in the third quarter of 2013 was approximately $1.0 million, a 159% increase from the corresponding period in 2012
The Company ended the quarter with cash balance of approximately $11.3 million and restricted cash of $69.3 million.


The Company has 9,860,159 shares of common stock outstanding.



Insiders hold 50.2% of shares

Executive Officers and Directors

An Fengbin 4,890,451 49.6%
Wang Hao 0 *
Wen Jiang (4) 30,750 *
Yudong Hou (4) 27,000 *
Zhenyu Wu 0 *
All directors and executive officers as a group (4 people) 4,948,201 50.2%

5% or more Shareholders
Star Blessing Enterprises Ltd. (3) 4,651,200 47.2%
Wellington Management Company, LLP (5) 692,133 7.3%
Wellington Trust Company, NA (6) 692,133 7.3%


AMCF~ Wellington Management Company holds 7.27% of shares. (780 billion dollars asset management company)


Other Institutional Holders

Holder Shares % Out Value* Reported
Mitsubishi UFJ Asset Management Co., Ltd 100,500 1.02% as of Sep 30, 2013
Renaissance Technologies, LLC 34,500 0.35 as of Sep 30, 2013
Nomura Holdings Inc. 18,232 0.18 as of Sep 30, 2013
CALPERS (California-Public Employees Retirement System) 4,100 0.04 as of Sep 30, 2013

AMCF float 4.7 MILLION


AMCF CEO offered $4.21 per share in cash, in 2011.. Shareholder rejected this offer at that time.

DALIAN, China, Nov. 23, 2011 /PRNewswire-Asia/ -- Andatee China Marine Fuel Services Corporation (NASDAQ: AMCF) ("Andatee"), a leading producer, distributor, and retailer of quality marine fuel for small cargo and fishing vessels in China, today confirmed that it has received notice from An Fengbin of his intention to launch a tender offer to acquire all of the outstanding shares of Andatee that he does not already own at a price of $4.21 per share in cash, subject to financing, due diligence and other conditions.

The Board of Directors has established a Special Committee to consider the offer. The Special Committee will consider and take a position with respect to the offer in accordance with applicable legal requirements. Andatee shareholders are advised to take no action with respect to the offer until they have been advised of the Company's position.


 Revenue per share 28.68 dollars

Revenue: 279.89 million dollars
Revenue Per Share: 28.68
Quarterly Revenue Growth (yoy): 95.30%
Gross Profit : 14.30 million dollars
EBITDA: 12.88 million dollars



Current Price
Bid Ask Day's Range
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#281   Getting some attention Cd1414 06/12/20 08:01:07 PM
#280   Damn this trades on air. Hit a 250% Sobek 04/18/18 06:10:06 PM
#279   Looks like $AMCF is waking up, record volume Sobek 04/17/18 05:12:54 PM
#278   This thing is losing boston127 03/24/17 06:12:41 PM
#277   AMCF delisted from the Nasdaq to the OTC: Renee 09/02/15 05:42:25 PM
#276   $AMCF recent news/filings stocktrademan 06/14/15 05:22:14 PM
#275   Why the big drop in the last 52 Stockmyser 03/20/15 12:16:07 PM
#274   Seems ready for another run. NathanH 03/09/15 11:29:40 AM
#273   $AMCF DD Notes ~ http://www.ddnotesmaker.com/AMCF stocktrademan 10/02/14 11:20:49 AM
#272   AMCF new 52 week high @ $3.50 every wickerman 09/17/14 12:36:11 AM
#271   AMCF yep hoping it gets some HGSH type wickerman 08/26/14 03:01:41 AM
#270   i love the OS count and only under gregque 08/25/14 12:33:37 PM
#269   AMCF nice close over $3 this could catch wickerman 08/21/14 04:05:45 PM
#268   im buying more soon gregque 08/20/14 02:37:54 PM
#267   $AMCF recent news/filings stocktrademan 08/16/14 01:25:42 PM
#266   AMCF new HIGHS.......... wickerman 08/15/14 03:54:53 PM
#265   Andatee China Marine Fuel Services Corporation Announces Acquisition wickerman 05/29/14 03:14:03 PM
#264   Marginal. Most of the loss was goodwill impairment: mdimport 04/01/14 10:41:17 AM
#263   AMCF lost money: NO PROFIT http://ih.advfn.com/p.php?pid=nmona&article=61 ~ Blue ~ 04/01/14 03:25:19 AM
#262   What's up here? I don't see a lot workinit 03/22/14 10:12:25 AM
#261   Bought 20k today.... U can go check. 4 stanlee1979 03/11/14 07:24:47 PM
#260   I'm somewhat new to trading and was wondering PhatStax 02/27/14 08:52:37 PM
#259   Weeeeeee... TARKA2 02/10/14 12:33:44 PM
#258   Blue : The SMA200 = $1.00 TARKA2 02/05/14 05:22:46 AM
#257   Post a link please, if possible. TARKA2 01/10/14 02:48:21 PM
#256   just seen an article on Motley Fool: JUST 10-11-12 01/10/14 12:05:02 PM
#255   Very... You have called this perfectly so far. golfndude 01/09/14 11:00:39 PM
#254   great close.. ~ Blue ~ 01/09/14 08:46:19 PM
#253   AMCF high today $2.20. $2.77 will be breached mdimport 01/09/14 11:30:03 AM
#252   Good news. Shareholders need continuity. mdimport 01/07/14 10:34:01 AM
#251   Andatee China Marine Announces Executive Management Changes realfast95 01/07/14 08:19:47 AM
#250   I'd followed the filings. AMCF is fundamentally undervalued, mdimport 01/06/14 10:55:53 AM
#249   Anyone following the filings? http://www.sec.gov/Archives/edgar/data/1469606/00 hebercreeper 01/06/14 01:10:42 AM
#248   Until breakout occurs the pps will trend to detearing 01/05/14 08:20:07 PM
#247   I am in slightly higher than 1.50 I stockstreak 01/05/14 08:14:18 PM
#246   Hope to know, not really watching...1.5 should be detearing 01/05/14 08:11:37 PM
#245   AGREED stockstreak 01/05/14 08:08:13 PM
#244   Looks like a good buy at $1.5... detearing 01/03/14 04:33:35 AM
#243   Revenue per share 28.68 dollars PhoenixRises 01/02/14 02:48:17 AM
#242   Red beambe 12/28/13 01:25:13 PM
#241   More mouths to feed, more marine fuel sales mdimport 12/28/13 05:15:51 AM
#240   AMCF closed up nicely today: +9.43% @ $1.74. mdimport 12/26/13 04:48:39 PM
#239   How does anyone get in contact with Investor StockGUI 12/24/13 10:12:17 AM
#238   AMCF Chart: bullish Harami reversal pattern formed Mon.......held ospreyeye 12/24/13 03:20:59 AM
#237   ---->Insiders hold 50.2% of shares<----- PhoenixRises 12/22/13 01:45:50 PM
#236   " AMCF is a very good pick..." Yes sir-- PhoenixRises 12/20/13 07:16:17 PM
#235   AMCF Locked And Loaded Let's Go stockstreak 12/20/13 11:16:40 AM
#234   wow..back to where it was yesterday! JUST 10-11-12 12/19/13 02:18:16 PM
#233   I agree w/ you bud.......looks like AMCF is ospreyeye 12/19/13 11:51:18 AM
#232   AMCF Cloud Chart: 1st up - close above ospreyeye 12/19/13 11:49:49 AM
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