Canadian listed Asian stocks

[Fi]

ABC.to is on a slow and steady climb. One of the largest producers of starch in China... feeding the many hungry citizens.

[Risicare]

Could well, tons of volume this week. Looks like it is headed up. I added today and will add more on the next dip.

[Fi]

Maybe we'll finally hit those $2.25-$2.50 research report targets. Volume and strength of the stock past week have been great.

[MinnieM]

ABC.TO chart... uplisted.

[Fi]

ABC coming back to life, also uplisted to TSE. Volume pretty high these past 2 days.

[MinnieM]

(TSXV: ABC) ) today announced that it will release its first quarter results on May 13th, 2010 at approximately 2 pm eastern standard time. The Company will also hold a conference call to discuss its quarterly results hosted by Mr. Zhiping Wang, President and C.E.O, Mr. Robert Wilson, Executive Vice President, and Ms. Elaine Zhao, Chief Financial Officer. Details regarding the call are as follows:

Date: Friday, May 14, 2010

Time: 10:00 a.m., Eastern Standard Time
Dial in number:
1-888-231-8191 or 647-427-7450
Taped Replay:
1-800-642-1687 or 416-849-0833 (available until May 28th, 2010)
Replay Pass Code:
73228425

http://investorshub.advfn.com/boards/board.aspx?board_id=17816

[Fi]

ABC Was able to pick up another 2000 shares at $1.20! Wow... cheap cheap shares being given away.

[Fi]

Indeed, I've got an order in for $1.20 right now.

[Risicare]

ABC at some pretty sexy support at 1.20 ish can't pass this up.

[locksflooring]

Thanks Karin!

[MinnieM]

True, there is that problem. I've found myself having to call in, and it really isn't worth it unless for something you are seeking to hold onto for quite awhile.

[Risicare]

The pinks are not so bad, but the grey sheet ones have no bid/ask and no time or price precedence. Trading is totally blind. So you could put a sell which would correspond to the the Venture exchange bid in and it might sell on 1 minute, 1 hour, 1 day or never, even below the bid it could just sit and sit. Unless there is lots of trading in the issue it is really crappy, whereas with the venture exchange, click, done.

[MinnieM]

Good to know. I can buy the Canadian directly with IB, but, with Fidelity I have to buy via the US pink.

Was your mishap with multiple trades or just one? My experience with Fidelity has worked well. The conversion issue is what I've found to be tricky.

Fortunately, the Canadian exchange rate is close. Where I see huge problems is when trading something like Mesoblast Ltd SP Adr (asx:MSB; usotc:MBLTY) which is a great Australian company, but, on pink sheet grey. The conversion rate differences are insane.

MBLTY is at 9.779 as of last close. AU:MSB was 2.12 as of last close according to bigcharts. The difference in currency rate can cause a few mistakes.

And, AU:MSB is an entirely different stock on stockcharts. Confusion and mistakes can easily happen.

US grey is evil. But, foreign stocks on US pink being grey doesn't bother me. It's grey because they aren't reporting in the US.

[Risicare]

don't your trades end up getting directed to the TSX anyway?

No, they are on the pinks. Anyone who has the ability to buy the Canadian listing instead of the pink should always by the TSX listing, especially if it is a grey sheet. I have learned that lesson.

grey sheet = EVIL

I assumed that a MM would play the arbitrage between the pink/Venture but it does not seem to be the case.

[MinnieM]

ihub has a board for them:

http://investorshub.advfn.com/boards/board.aspx?board_id=17479

[Fi]

I have no idea how they work actually...

http://seekingalpha.com/instablog/586328-investman2/61982-tvi-pacific-in-2010-you-do-not-want-to-miss-that-one

An article ofinterest for TVI

[MinnieM]

Thanks for that. And, yes, the US tickers for these foreign ones usually always trade thinly, but, don't your trades end up getting directed to the TSX anyway? It seems as though that is what happened when I traded them in the past, but, I never took large positions because of fear of not being able to get out because of that concern.

[Fi]

I believe the US ticker for TVI.TO is TVIPF.PK

The US ticker trades very thinly though.

[MinnieM]

Links of importance for those that trade Canadian stocks:


Sedar: http://www.sedar.com/homepage_en.htm


TMX: http://www.tmx.com/


TMXmoney: http://www.tmxmoney.com/en/index.html


Canadian Insider: http://canadianinsider.com/coReport/allTransactions.php?ticker=boy


Currency Converter: http://www.bankofcanada.ca/en/rates/converter.html

[MinnieM]

Tickers for the Venture exchange that have a ".p" after them are a capital pool company. It is kinda like a SPAC. It is fully explained in this .PDF file

http://www.tmx.com/en/pdf/CPCBrochure.pdf

Risicare gave this information in an earlier post.

[MinnieM]

What is the US otc ticker that we can trade with? Most Canadian stocks have one.

Edit to add: I find them as ca:tvi on bigcharts and tvi.to on stockcharts. I'll just look for them on my trading platform tomorrow.

In Reply To 'Fi'

TVI Pacific- I just bought a starter position.

TVI.to

Current SP $0.12, earned $0.035EPS in FY2009!! Producer of copper with costs of aobut $.6 to .7 per pound of copper, they also get the gold out of it too. Very undervalued; mines in Philippines, 3 million tonnes reserve.

More mines being drilled... HUGE margins due to cost of production; Appoximately 465M shares, FD i think about 500M.

The IR is impressive; just look at Facebook and their IR will answer your q's!


http://www.marketwire.com/press-release/TVI-Pacific-Year-End-Results-Reinforce-Solid-Financial-and-Operational-Performance-1138258.htm

Key Financial Achievements for the Years Ended December 31, 2009 and 2008

- Increase in net revenue to $67,103,108 from $5,972,764

- Increase in operating cash flow to $21,661,992 from a deficit of $13,506,114

- Increase in net income to $18,322,345 from a net loss of $12,714,279

- 2009 production cash cost of $0.61 per copper equivalent pound

[Fi]

TVI Pacific- I just bought a starter position.

TVI.to

Current SP $0.12, earned $0.035EPS in FY2009!! Producer of copper with costs of aobut $.6 to .7 per pound of copper, they also get the gold out of it too. Very undervalued; mines in Philippines, 3 million tonnes reserve.

More mines being drilled... HUGE margins due to cost of production; Appoximately 465M shares, FD i think about 500M.

The IR is impressive; just look at Facebook and their IR will answer your q's!


http://www.marketwire.com/press-release/TVI-Pacific-Year-End-Results-Reinforce-Solid-Financial-and-Operational-Performance-1138258.htm

Key Financial Achievements for the Years Ended December 31, 2009 and 2008

- Increase in net revenue to $67,103,108 from $5,972,764

- Increase in operating cash flow to $21,661,992 from a deficit of $13,506,114

- Increase in net income to $18,322,345 from a net loss of $12,714,279

- 2009 production cash cost of $0.61 per copper equivalent pound

[Fi]

ABC Asia Bio Chem Reported stronger than expected Q4 earnings but was hammered. Currently at $1.35, EPS of 2010 supposed to be $0.28 according to guidance. Amazingly cheap!

http://www.jenningscapital.com/reports/ABC03292010SolidQ4Results.pdf


ASIA BIO-CHEM GROUP CORP
Recommendation: BUY
Revised 12-Month Target: $2.50
Previous 12-Month Target: $2.25

[bpkaus]

While RH.V has had an impressive move since I first mentioned it here, there is still a lot of upside potential,IMO. The company is now merging with another junior with superior management qualifications. The merger partner, PCY.V, recently brought former Goldcorp head, Rob McEwen, on their advisory board and today announced plans to start coal production in Mongolia this year. Basis of the merger with PCY is 1 RH = .92 PCY. With PCY.V now trading at 78 cents, this implies RH.V should be at 72 cents, rather than the 55 cents it is trading at. The merger has been approved by shareholders and only need court and exchange approvals(normally a formality expected sometime next month). I added to my RH position today.

[throwerw]

good question

[Fi]

$20 - $30? What kind of time frame?

[throwerw]

ABC I had the opportunity to talk with the CEO several times at the Rodman conference in Beijing. He's a nice man and seems to know what he's talking about, and he says his goal for the stock is 20-30 bucks a share.

[MinnieM]

Currency Converter:

http://www.bankofcanada.ca/en/rates/converter.html






"Be kinder than necessary, for everyone you meet is fighting some kind of battle."

[MinnieM]

Thanks for pointing that info out for us. ;)

[bpkaus]

RH.V A good quality thermal coal play in Mongolia. Hugh tonnage potential in several prospects - the company is actively seeking partners to help develop same which could act as a catalyst to get the stk some recognition. There are a couple of posters on stockhouse.com that like the potential here - worth a look IMO.

[MinnieM]

Risicare...another interesting link to note is for Canadian Insider. The following link shows insider buying for BOY, however, you can plunk in any ticker you so desire. ;)


Canadian Insider
http://canadianinsider.com/coReport/allTransactions.php?ticker=boy







"Be kinder than necessary, for everyone you meet is fighting some kind of battle."

[MinnieM]

It appears they are all in the list. But, I didn't know the US symbols. Thank you. ;)




"Be kinder than necessary, for everyone you meet is fighting some kind of battle."

[morokoy]

Here are some more, wth US symbols.
GLG.TO or GLGL (NASDAQ) - almost a monopoly on stevia, a natural sweetener
KMK.V or KMKCF.PK - mining - copper/gold
GMN.V or GMNFF.PK - mining - metals - trading under cash
JIN.TO or JINFF.PK - mining - gold - 41% owned by largest gold co. in China
ABC.V or ABCXF.PK - glucose - just tripled capacity
HF.TO or HFGVF.PK - fertilizer - 20% owned by Agrium
MCG.V - developing ski resorts in China
MGO.TO or MIGGF.PK - fertilizer

[MinnieM]

ABC.V Chart...












"Be kinder than necessary, for everyone you meet is fighting some kind of battle."

[bpkaus]

ABC Breaking out on the charts on heavy volume. This is a low PE stk with good growth prospects and I suspect the upside momentum is just getting started.

[MinnieM]

Thanks for the link. I hadn't seen that. I put it in the ibox along with a couple of snaps.

The reason I asked is the numbers you gave are different from the numbers given here:

Company financial reports from their website:
http://www.boyuangroup.com/pages/155/financial-reports

And, the numbers from the presentation are a little different from what you gave:



I like this little chart and grabbed a snap of it too:



Have a great day, and thanks again for the info. ;)









"Be kinder than necessary, for everyone you meet is fighting some kind of battle."

[Fi]

BOY http://www.opportunitychina.com/PDF/Pres/Presentation-Boyuan.pdf

[MinnieM]

Would you mind showing me where you are getting your numbers? A link would be great. TIA


In Reply To 'Fi'

BOY I like their business, China has lots to grow as Chinese rural areas have almost no infrastructure still. Cities are transforming at an incredible rate, and I don't think it's going to be slowing down soon.

They estimate $0.38 for FY09 and $0.48 for FY10, which is great: 9 P/E FY09 and F P/E of 7. The problem I see is a huge number of preferred shares convertible 1:1, and warrants.

Current oustanding shares is about 20million. Preferreds at 11 million and warrants at 3.5million, if these are all exercised the amount of damage done to EPS would be huge.
Have not purchased any shares... but may change my mind =)

"Be kinder than necessary, for everyone you meet is fighting some kind of battle."

[Fi]

BOY I like their business, China has lots to grow as Chinese rural areas have almost no infrastructure still. Cities are transforming at an incredible rate, and I don't think it's going to be slowing down soon.

They estimate $0.38 for FY09 and $0.48 for FY10, which is great: 9 P/E FY09 and F P/E of 7. The problem I see is a huge number of preferred shares convertible 1:1, and warrants.

Current oustanding shares is about 20million. Preferreds at 11 million and warrants at 3.5million, if these are all exercised the amount of damage done to EPS would be huge.

Have not purchased any shares... but may change my mind =)

[Fi]

ABC I posted this somewhere else as well, but the responses there arn't usually too great =)

For those that want to do some DD, presentation dated Nov 09 found at: http://asiabiochem.com/index.php/presentation

Consensus EPS is 0.31 for 2010, use a P/E ratio of 10 and we have $3.10. They just opened a facility to increase production by 300%. I think we will see at least $3.00 by the end of the year...

Trading at a F P/E of only 4.2, a true bargain. Doesn't seem like the stock has a lot of following yet, there are price targets of about $1.75 to $2.00 from various

They are also looking to grow their company with acquisitions after they expand their production to capacity.

We also traded 1.5 million shares today, the most since November 20th, looking for some good news to come?

Bought in a few days ago at $1.20 and added some more at $1.30.

Comments?

[Risicare]

I know someone is bound to ask so I will beat them to it.

Tickers for the Venture exchange that have a ".p" after them are a capital pool company. It is kinda like a SPAC. It is fully explained in this .PDF file
http://www.tmx.com/en/pdf/CPCBrochure.pdf

[Risicare]

Oh wonderful, you must have found the "smaller sister" of the spread sheet I found, i figured there must be one somewhere. Thanks I will put it up in the Ibox.

[MinnieM]

Risicare...your ibox says you are working on a list of TSX-V China stocks. I have one for you. ;)












"Be kinder than necessary, for everyone you meet is fighting some kind of battle."

[viking69]

I like, BM

[MinnieM]

Boyuan signs new construction project contract valued at US $19 million
http://www.newswire.ca/en/releases/archive/January2010/07/c6843.html

PPS ended at 3.45 ;)

http://investorshub.advfn.com/boards/board.aspx?board_id=16336

CSP...thanks for pointing this board out to me. ;)





"Be kinder than necessary, for everyone you meet is fighting some kind of battle."

[Bob Stocks]

Marked it also.

[thebox]

You can add Boyuan Construction Group Inc.(TSX:BOY) to the list.

Here is the board for it..

http://investorshub.advfn.com/boards/board.aspx?board_id=16336

[joenatural]

Marked the board. Nice work.

[Risicare]

I have not looked at any of these yet I did pick up a Venture exchange one the other day ABC.V which looks good they do corn products.

[BiotechValues]

Boardmarked- very nice!