Cavico Corp (fka CAVO)

[Fraktal]

Cavico Reports Third Quarter Fiscal 2009 Results
November 16, 2009 - 10:36 PM EST

Cavico Reports Third Quarter Fiscal 2009 Results
Backlog Increases to $290.3 Million at September 30, 2009

Nov. 16, 2009 (Business Wire) -- Cavico Corp. (NASDAQ: CAVO), a leading infrastructure development company based in Vietnam, today reported its financial results for the third quarter ended, September 30, 2009.

Total revenues grew 17.0% to $17.2 million in third quarter, from $14.7 million in the third quarter of fiscal 2008. The increase in third quarter total revenues was primarily the result of increased revenue in Civil Construction, which accounted for 87.0% of total revenues and Commercial Activities. On a sequential basis, total revenue increased 23.7% from $13.9 million reported in the second quarter of fiscal 2009.

“As Vietnam’s largest engineering and construction contractor with a national presence servicing almost exclusively public sector clients, our third quarter results reflects the continuing rebound in the country’s economy after last year’s global recession,” said Mr. Ha Quang Bui, chairman and chief executive officer of Cavico Corp. “We are pleased with our robust top-line growth, benefiting from the progress of our Civil Construction projects involving tunnels, ports and highways. The construction boom in Vietnam was in response to the government stimulus. Also, the country’s soaring car ownership has spurred the need for better infrastructure. According to a recent research report by Credit Suisse, Vietnam’s GDP is forecast to grow 5.3% this year and 8.5% in 2010, after averaging around 7.5% each year for the past decade.”

Mr. Bui continued, “Against this favorable macro economic backdrop, Cavico is well positioned with our long history of operations in civil projects and our recent foray into mining and power plant construction. On September 18, Cavico became the first Vietnamese company listed on a U.S. national securities exchange. With a presence on the NASDAQ Capital Market, we are able to gain much more visibility among growth-oriented emerging market investors around the world. We will continue to improve corporate governance and our transparency and focus on creating long-term value for shareholders.”

[oldherder]

I havent heard from Grayling. The web site is down. They say, no news is good news. I hope so.

[vikco]

Cavico Signs Surface Layer Removal Contract at Thach Khe Iron Ore Mine
Date : 10/29/2009 @ 11:26AM
Source : Business Wire
Stock : Cavico Corp. (CAVO)
Quote : 7.0 0.0 (0.00%) @ 11:18AM


Cavico Signs Surface Layer Removal Contract at Thach Khe Iron Ore Mine





Cavico Corp. (NASDAQ: CAVO), a leading infrastructure development company based in Vietnam, today announced that its subsidiary, Cavico Energy, has signed a contract with Transportation and Construction JSC (Mitraco), a subsidiary of Ha Tinh Minerals and Trading Corporation, to remove the surface layer of dirt and rocks at Thach Khe Iron Ore Mine.


Cavico will excavate and remove 1.5 million cubic meters of dirt and rocks, construct a temporary access road and clear and level the construction service area. The project is expected to be completed within fifteen months.


Thach Khe Iron Ore Mine is considered to be one of the most important national iron ore mine projects in Vietnam. The 544-million ton reserve project is located in Thach Ha village, in the Ha Tinh province in northern Vietnam close to Hanoi. According the overall scheme and design of this project, there is a total of approximately 13 million cubic meters of surface dirt, common earth and rocks that is needed to be excavated and removed.


“Cavico is pleased to have been awarded this initial contract from Transportation and Construction JSC,” comments Mr. Hai Thanh Tran, vice president of Cavico Corp. “However, it is only a fraction of the overall surface needed to be removed from the site associated to with this project. We believe that with our skilled labor and modern equipment, we are confident that with continued dialogue the existing scope of work on this site will increase in time.”

About Cavico Corp.

Cavico Corp. is focused on large infrastructure projects, which include the construction of hydropower facilities, dams, bridges, tunnels, roads, mines and urban buildings. Cavico is also making investments in hydropower facilities, cement production plants and urban developments in Vietnam. The company employs more than 3,000 employees on projects worldwide, with offices throughout Vietnam and a satellite office in Australia.


Founded in 2000, Cavico is a major infrastructure construction, infrastructure investment and natural resources conglomerate headquartered in Hanoi, Vietnam. Cavico is highly respected for its core competency in the construction of mission-critical infrastructure including hydroelectric plants, highways, bridges, tunnels, ports and urban community developments. One of the Company’s primary competitive advantages is its ability to nurture a project “from concept through completion” with a vertical portfolio of interrelated investment, permitting, design, construction management and facility maintenance services. Cavico’s project partners include top multi-national corporations and government organizations. The Company employs more than 3,000 full-time, part-time, and seasonal workers. For more information, visit http://www.cavicocorp.com. Information on the Company’s Web site or any other Web site does not constitute a portion of this release.


Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, the Company’s ability to obtain the necessary financing to continue and expand operations, to market its construction services in new markets and to offer construction services at competitive pricing, the Company’s ability to complete projects in the time frame specified; anticipated revenue from the projects to attract and retain management, and to integrate and maintain technical information and management information systems; the effects of currency policies and fluctuations, general economic conditions and other factors detailed from time to time in the Company’s filings with the United States Securities and Exchange Commission and other regulatory authorities. These statements include, without limitation, statements regarding our ability to prepare the Company for growth; the Company’s planned expansions, and predictions and guidance relating to the Company’s future financial performance. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

[Fraktal]

Obviously they increased the price for the shares they offer to the market. Now it is US$ 8 instead of US$ 7.01.

Look at the filing from 13-Oct-2009:
...
We have granted a 45-day option to the representative of the underwriters to purchase additional shares of common stock up to an additional 571,428 shares to be offered by us solely to cover over-allotments, if any. If the underwriters exercise their right to purchase additional shares of common stock to cover over-allotment, we estimate that we will receive gross proceeds of $35,047,608 from the sale of 4,380,951 shares of common stock being offered at an assumed public offering price of $8.00 per share and net proceeds of $32,944,752 after deducting $2,102,856 for underwriting discounts and commissions. The shares issuable upon exercise of the underwriter option are identical to those offered by this prospectus and have been registered under the registration statement of which this prospectus forms a part.
...

Fraktal

[oldherder]

earnings are out. Looking good.

[PROTON]

I agree that you cannot fault people for wanting to sell and make profits but my guess is that a higher percentage of people are selling because of the last 4 or 5 days of sell off and are afraid it won't go back up. There are 2 things that make a pps move. One is earnings and the other is emotion or (fear / courage). Cavo will definitly go up quite a bit more before it hits its peak.

2 things to consider.
If your in at a low low price then hold and you will increase your earnings.
If your at a higher price and you sell then you took a loss.

The USA economy is going to slowly improve and the other countries will follow suit. Cavico is a smart company and will continue to stay strong as it has been. Whats the rush to sell? We already road out the worst part of the storm. I just don't see a upside to selling right now unless of course one is affraid of there own shadow. Just sayin.......

[okoboji55]

You can't fault people for wanting to make a quick buck if they can but I believe that Cavico is going places and that those that owned stock in Cavico but sold are going to regret that choice. I don't know what people think would be considered a large holding but for myself its close to 10,000 shares. I think that at the rate of growth for Vietnam that in five to ten years a person wouldn't even recognize the place from all the changes that will take place with its infrastructure. I have all the patience that it takes to see what the future will bring for Vietnam and Cavico.

Good luck to all

[PROTON]

This stock is aching to grow in price per share but the people filled with the MOST fear are selling. Stop selling and let it get way up there.

[fourkids_9pets]

me too sonny

--
4kids
all jmo

[deepsuccess]

.wallstreetman was a decent and DD skillfull gentleman. May he rest in the arms of the maker .

deep

[lakingsphan0427]

It looks like its coming around Mike..I wish our old friend Walt(wallstreetman) still alive and witness how CAVO is doing now..

[Zoobadoo]

"I'm up over 40% now!" and I don't feel guilty saying it. I've been pretty consistent in posting in both good and bad times. Now only if CAVO would get up to 400 or so, then I can retire.

I have a Viet mutual fund and actually it's up a lot (but still I'm 10% under water) but CAVO's move is actually part of an across the board move for all Vietnam stocks and all global stocks in general. CAVO has done much better, probably due to the NASDAQ listing and being the first to list in USA so that strategy seems to be paying off.

Checking Yahoo's CAVO stats looks worse than I thought, though, especially P/E. If CAVO goes any higher, I may start doing what I'm doing with other stocks (mainly China), selling off enough to guarantee profits and letting the other half ride to a bubble before selling.

Zoo

[mvernail]

I'm braking even at 14$ :) maybe I will add some more, things look good here!

[deepsuccess]

Good luck oldherder. I would settle for that as well.
Could happen by the looks of things .

deep

[oldherder]

A double from here will get me even. Even is not good enough, I need that 400% to pay for all the distress. LOL

[deepsuccess]

Still need around 400 % up from here to break even .
Go baby go. I hope were at the starting line of a good track record now

deep

[Looking2Retire]

We finally made it. I wonder if the ride will begin? Anyone buying more? I'm considering a little more.

[mvernail]

nice trading today!

[fourkids_9pets]

oh come on

what's a few years
among friends .. :))))

--
4kids
all jmo

[oldherder]

Smoothly? IMO This has been anything but smooth, But I know what your saying. P/L for this Q may really move this. Which way is what worries me. LOL

[oldherder]

Smoothly? IMO This has been anything but smooth, But I know what your saying. P/L for this Q may really move this. Which way is what worries me. LOL

[mvernail]

yes, didn't expect it would be going so smoothly!

[oldherder]

yahoo, made it to the nasdaq.

[oldherder]

Maybe not!

[oldherder]

OT: I belive I have a great short! DD on your own. ANSW. On 9/10 several "insiders" exercised options for over 172,000 shares, (think about that). IF share price is going up, Why would they do that?

[oldherder]

Thanks. I saw it, couldn't see any way to get poster to retract, so I corrected his spelling. If he is short, he is sorry. OH

[jm15670]

No thoughts. I'm long. Just thought you might have thoughts on who is stating this stock is a scam and associating you to hyping this scam. I sent you a privae E-mail to make you aware of that yahoo message in case you hadn't seen it.

[oldherder]

OT: jm15670 Yes I saw that. Any thoughts?

[oldherder]

Cavo hit $9.00. I'm looking for $18.00 soon. (he said hopefuly)

[fourkids_9pets]

it sure is :)

funny how that happens if one
gives a *legit* co. enough time

i've never *expected* seamless
from any co. on the otc/bb

as you know sonny .. i'm known
for both my patience and investing
on the ground floor level and biding my time

~ l2 sure is
showing some sweet *moves* on cavo :)

--
4kids
all jmo

[lakingsphan0427]

OT~ thanks 4kids..I hope you and yours are doing good as well..

It looks like our CAVO is creeping up....NICE!!

GLTA!!

[fourkids_9pets]

congrats ..

and savor it .. goes by way too fast .. :(

as for cavo .. :)

finally getting *there*

--
4kids
all jmo

[deepsuccess]

WEll that is excellent news my friend .
God bless

deep

[lakingsphan0427]

OT~ Hey Deep I'm doing okay..thanks..just got married recently and a baby on the way..Hope you and your family are doing good as well..

Good luck to us on CAVO..

[deepsuccess]

Hey there sonny
nice to see your handle appear occasionally.
I hope your doing okay.

deep

[deepsuccess]

Hey there sonny
nice to see your handle appear occasionally.
I hope your doing okay.

[lakingsphan0427]

Cavico Completes Construction of the Dasiat Hydropower Plant
HANOI, Vietnam--(BUSINESS WIRE)--September 8, 2009-- Cavico Corp. (OTCBB: CAVO), a leading infrastructure development company based in Vietnam, today announced that its wholly owned subsidiary, Cavico Hydropower Construction JSC (“Cavico Hydropower”), has completed the construction of the Dasiat Hydropower Plant and has begun the process of transferring the project over to Southern Hydropower Joint Stock Company, the project’s owner.

Cavico Hydropower started this $4.6 million construction project in July 2006. Cavico Hydropower constructed and supplied equipment for waterways including surge tanks, intakes, the headrace tunnel, and other construction related work surrounding the valve house. Cavico Hydropower used the blasting method to construct a headrace tunnel which is 1.44 miles long and 91 inches in diameter. The tunnel is considered to be the narrowest tunnel ever constructed in Vietnam by Cavico.

The Dasiat Hydropower Plant is located on the main flow of the Dasiat River, which is downstream from Dong Nai 3 and Dong Nai 4 hydropower plants, in Lam Dong Province, approximately 99 miles from Da Lat City and 155 miles north of Ho Chi Minh City. The hydropower plant has been designed and engineered to have 13.5 megawatts capacity and is expected to supply 57.7 million kilowatt-hours of electricity per year to the region.

“We are very pleased to announce the completion of Dasiat Hydropower Plant as per schedule,” commented Mr. Hai Thanh Tran, vice president of Cavico Corp. “We will continue with the process of completely handing over the project to Southern Hydropower Joint Stock Company next month.”

About Cavico Corp.

Cavico Corp. is focused on large infrastructure projects, which include the construction of hydropower facilities, dams, bridges, tunnels, roads, mines and urban buildings. Cavico is also making investments in hydropower facilities, cement production plants and urban developments in Vietnam. The company employs more than 3,000 employees on projects worldwide, with offices throughout Vietnam and a satellite office in Australia.

Founded in 2000, Cavico is a major infrastructure construction, infrastructure investment and natural resources conglomerate headquartered in Hanoi, Vietnam. Cavico is highly respected for its core competency in the construction of mission-critical infrastructure including hydroelectric plants, highways, bridges, tunnels, ports and urban community developments. One of the Company’s primary competitive advantages is its ability to nurture a project “from concept through completion” with a vertical portfolio of interrelated investment, permitting, design, construction management and facility maintenance services. Cavico’s project partners include top multi-national corporations and government organizations. The Company employs more than 3,000 full-time, part-time, and seasonal workers. For more information, visit http://www.cavicocorp.com. Information on the Company’s Web site or any other Web site does not constitute a portion of this release.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, the Company’s ability to obtain the necessary financing to continue and expand operations, to market its construction services in new markets and to offer construction services at competitive pricing, the Company’s ability to complete projects in the time frame specified; anticipated revenue from the projects to attract and retain management, and to integrate and maintain technical information and management information systems; the effects of currency policies and fluctuations, general economic conditions and other factors detailed from time to time in the Company’s filings with the United States Securities and Exchange Commission and other regulatory authorities. These statements include, without limitation, statements regarding our ability to prepare the Company for growth; the Company’s planned expansions, and predictions and guidance relating to the Company’s future financial performance. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Contacts
Cavico Corp.
Timothy Pham, Vice President and Director
Tel: [phone]
[e-mail]
or
CCG Investor Relations Inc.
Roger Ellis, Partner & Senior Vice President
Tel: [phone]
[e-mail]
http://www.ccgir.com



Source: Cavico Corp.

View this news release online at:
http://www.businesswire.com/news/home/20090908005502/en

[oldherder]

Yes I saw that. Any suggestions.

[oldherder]

Cavico has been working all this time. Now we longs will see the fruit of all those contracts.

[Looking2Retire]

LOS ANGELES & HANOI, Vietnam -- Cavico Corp. ("Cavico" or "the Company") (OTCBB:CVIC), a leading infrastructure development company in Vietnam, today announced that on April 22, 2009 the Company's subsidiary, Cavico Vietnam entered into an agreement with Laos Ministry of Planning and Investment to explore and exploit copper, gold, and other ores in Muang Hom district, Vientiane province, Laos.

[oldherder]

This was fun. I went to cnbc.com entered cavo. next I clicked "peers". Lo and behold, Cavico has tracked the S&P over the last year.

[oldherder]

The problem for me has been the T/A. The price has dropped so far by the time my shares show up I wont sell. I to belive this is a great buy here.

[Stockpyle]

A dropping share price on a reverse split happens 9 time out of 10. So don't be supprised. Big concern on this stock is they did this to bring bigger named in vestors in by wanting to list on NASDAQ well they now will have about a 3 million dollar OS which means it is too small for that kind of investor so. Look for CAVICO to do what most do. Add shares and dilute the stock to bring in the bigger investors. That is why 9 out of 19 time the stock falls after a reverse stock split. I am not surprised a bit. Question is will it drop below $4 dollars a share before the end of this month

Whats your bet??

[Fraktal]

It is very interesting that the share price is dropping after the reverse split. We had a constant price between $0.14 and $0.16 for about 4 months before the split which is equivalent to $5.60 and $6.40 after the reverse split.

For me this is a clear indication that many people just don't know what a reverse split means. They just see the "high" share price now compared to the price before the reverse split and sell. They may not even recognize that their number of shares on their account is also reduced by the factor of the reverse split. It demonstrates that there is a lot of psychology and stupidity around.

That's the same in a case of a share split which makes a share price lower and increases the number of shares. In that case people think they have a once in a lifetime chance to buy because of the optically low share price which results in a nice increase of the share price. Companies know this effect and that actually is the only reason why they do stock splits.

Although I know this effect, I bought Cavico before the reverse split which obviously was stupid. However, I still beleave that Cavico will make it to the Nasdaq listing and we will end up in seeing must higher share prices. Actually the market capitalization is just about $16 million which is $5 million below the stockholder equity, which is incredibly low. That will be corrected!

Fraktal

[deepsuccess]

I'll drink to that ....cheers . A lady's word might be just what we need here .

..........Miss Kim said "I look forward to being part of Cavico’s dynamic growth and working to enhance its communication with shareholders and increase shareholder value.".........

deep

[Fraktal]

Cavico Appoints June Kim as Chief Financial Officer

Sep. 3, 2009 (Business Wire) -- Cavico Corp. (OTC BB: CAVO.OB), a leading infrastructure development company based in Vietnam, today announced that June Kim was named Chief Financial Officer effectively immediately. Ms. Kim served as an independent Board member on Cavico’s Audit Committee and has resigned from this position to become Chief Financial Officer. Cavico plans to appoint her replacement in the near future.

Ms. Kim will be responsible for providing strategic leadership and management direction for all financial aspects of Cavico Corp. She will report to Chief Executive Office at the company’s US offices located in Huntington Beach, California.

"Ms. Kim’s extensive financial and business background brings a wealth of experience and knowledge to the Company. I am confident with this broad experience, she will help Cavico capitalize on its strong growth opportunities and maintain its leadership position as Vietnam’s largest infrastructure development company, all the while ensuring that the Company’s financial reporting and internal controls remain world-class," commented Mr. Hung Manh Tran, executive vice president of Cavico Corp.

Ms. Kim holds CPA licenses in the state of Washington and California. She graduated with a Bachelor of Science in accounting in 1980 from California State University, Los Angeles. Ms. Kim specializes in SEC compliance for audits and preparation of financial statements with disclosures including, Form 10Q and Form 10K. Prior to joining Cavico Corp, Ms. Kim worked for PHI Group, Inc. and True Colors, International as contracted controller and Stonefield Josephson, a CPA firm, as audit manager. From 2000 to 2005, Ms. Kim was with Kabani & Company, Inc., as audit manager.

"I am excited by the opportunity to join Cavico Corp at such a great time. Cavico is a company with a great track record of growth and a clear vision in leading Vietnam’s infrastructure industry,” said Ms. Kim. "I look forward to being part of Cavico’s dynamic growth and working to enhance its communication with shareholders and increase shareholder value."

Fraktal

[oldherder]

Thanks 4 the info

[Fraktal]

Cavico Signs $16 Million Contract for Tunnel Construction at Dakdrinh Hydropower Plant

Sep. 1, 2009 (Business Wire) -- Cavico Corp. (OTCBB:CAVO), a leading infrastructure development company based in Vietnam, today announced that its wholly owned subsidiary, Cavico Transport Construction JSC (“Cavico Transport”) and its joint venture partners, General Construction and Infrastructure Development Company (“Licogi”) and Song Da Corporation, have signed a construction package with Dakdrinh Hydropower Company Joint Stock Company (“Dakdrinh”). Cavico’s portion of this project is $16 million with the construction expected to be completed within 60 months.

Owned by Dakdrinh Hydropower Company, the 125 megawatt hydropower plant is funded with $212 million capital investment and is located on the Tra Khuc River in Son Tan village in the Quang Ngai province of Central Vietnam. PetrolVietnam Joinstock Finance Corporation (PVFC) and the Bank for Investment and Development of Vietnam (BIDV) are committed to finance this project.

Cavico Transport will construct a 7.5 kilometers long and 4.5 meters wide water tunnel and tunnel Sections No.3, No.4, and No.5. Cavico Transport has recently signed two separate contracts with Dakdrinh Hydropower for Phases I and II of the Dakdrinh hydropower plant project totaling $13.4 million to extract, process, and transport stones.

"Cavico is very pleased to work alongside its partners Licogi and Song Da Corporation, two large established construction companies with solid hydropower construction reputation,” stated Tran Thanh Hai, vice president of Cavico Corp. “This cooperation shows that Cavico Transport has earned the trust and recognition as one of Vietnam’s leading construction companies. Jointly the three companies have assured Dakdrinh that the construction will be completed as scheduled.”

Fraktal

[Stockpyle]

This article tells me that Vietnam economy is getting back on track. The rampent inflation is down but so are exports.

http://www.forbes.com/feeds/ap/2009/08/26/business-as-vietnam-inflation_6815581.html

There is now deregulation of domestic coal in Vietnam. See the article below.

http://steelguru.com/news/index/2009/08/21/MTA4MDM4/Vietnam_local_coal_prices_down_by_10pct.html

Vietnam is facing an energy shortage in the next few years.

http://asianenergy.blogspot.com/2009/08/vietnam-faces-severe-power-shortage-for.html

Happy reading

Stockpyle

[Fraktal]

look at post #4975:

...
“If our shares traded on the US’s OTC Bulletin Board maintain at more than $4 for about 30 days, we expect to get Nasdaq listing approval in September,” Hung said.
...

Fraktal