$CMCM: Beautiful Bullflag setup here at 2.50 now
They are trading welllllllll below cash on hand, Mcap relative to Cash on HAND
AI Chinese ROBOTICS and games
News: $CMCM Penny Stocks To Watch Right Now After Record COVID Cases
Are These Coronavirus Penny Stocks On Your List In July? It may be crazy to think but c oronavirus penny stocks have been “a thing” for a while now. Ever since the late half of January, COVID-19 has captivated headlines. Investor interest followed shortly after. So what do thing...
In case you are interested CMCM - Penny Stocks To Watch Right Now After Record COVID Cases
News: $CMCM Cheetah Mobile Announces Second Quarter 2019 Unaudited Consolidated Financial Results
BEIJING , Aug. 20 . 2019 /PRNewswire/ -- Cheetah Mobile Inc. (NYSE: CMCM) ("Cheetah Mobile" or the "Company"), a leading mobile internet company with global market coverage, today announced its unaudited consolidated financial results for the second quarter ended June 30, 2019 . Man...
Find out more Cheetah Mobile Announces Second Quarter 2019 Unaudited Consolidated Financial Results
News: $CMCM Cheetah Mobile Announces Dividend of US$0.50 per American Depositary Share
BEIJING , Aug. 20, 2019 /PRNewswire/ -- Cheetah Mobile Inc. (NYSE: CMCM) ("Cheetah Mobile" or the "Company"), a leading mobile internet company with global market coverage, today announced that the Company's board of directors (the "Board") approved a special cash dividend of US$0.50 pe...
Got this from Cheetah Mobile Announces Dividend of US$0.50 per American Depositary Share
1Q19 Results and 2Q19 guidance is out and disappointing..
We just debated it a bit and currently the only upside it their great annual investing results. They need time to make the proper reversal to have higher revenue + profits again. No guidance in this department yet.
Otherwise a healthy company, cash rich and so forth.
But profitability has now reached the zero mark.
No idea when the (stock) turnaround will happen.
no amended complain filed, dismissal next
Updated DD by SeaOfSand, motivated simply by the very 'cheapness' of P/E < 4 now
- or -
$CMCM 20-F 2018: More dilution than buyback!
OS (issued) 1 ADS = 10 ordinary A or B shares
- 2017-12-31 142.16M (415.25M Class A ordinary, 1,006.398M Class B) 20-F
- 2018-06-30 143.63M
- 2018-09-30 143.33M
- 2018-09-20 142.63M (Repurchased $8M/$100M 1M ADS @ $8/sh avg; $92M to go)
- 2018-12-12 136.13M finviz
- 2018-12-31 143.34M (475.36M Class A ordinary, 957.99M Class B) 20-F
- 2018-12-31 (and up to 2019-03-31): Total: 7.06M ADS @ $8.4156/ads avg for $67.82M
- 2018-12-31 (and up to 2019-03-31): 2018-09-13 $100M: 4.50M ADS @ $7.1778/ads avg for $32.30M
20-F shows an increase in OS (A + B)?
No buyback but a shift from B to A?
Need to check this later on, but that would imply no buyback has been accounted in 2018 20-F?
If anybody can correct me here, please go ahead.
they didn't buy back as much stock, but almost.
Market not yet excited about CMCM's turnaround, too bad (o8>
Keeping a lose eye on it.
News: $CMCM LEAD PLAINTIFF DEADLINE ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $50,000 in Cheetah Mobile Inc. to Contact the Firm
NEW YORK, NY / ACCESSWIRE / January 17, 2019 / Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Cheetah Mobile, Inc. (''Cheetah'' or the ''Company'') (NYSE:CMCM) of the January 29, 2019 deadline to seek the role of lead plaintiff in a federal securities ...
In case you are interested https://marketwirenews.com/news-releases/lead-plaintiff-deadline-alert-faruqi-faruqi-llp-encourages-investors-who-suffered-losses-exceeding-50-000-in-cheetah-mobile-inc-to-contact-the-firm-7036010.html
ready for a positive news release & recovery
as laid out here https://finesand.wordpress.com/2018/12/05/cheetah-mobile-cmcm-a-financially-solid-high-growth-company/
- EPS ~ $1.70
- Buy back done (or almost): 4.7M tradable Class-A left
added Rule 10b-18 for Repurchase Programs details
Short Attack; Excellent Financials & Performance; Buyback
Best summary, I just added the last little piece of the puzzle,
the share structure in combination with the $92M buyback!
Short attack: https://finesand.wordpress.com/2018/11/30/cheetah-mobile-cmcm-an-outrageous-unfounded-accusation-short-attack/
- Already refuted with details given: 3rd Party SDKs, not intend
- Google even blogged about it: 3rd Party SDKs, no intend
- Hence CMCM's refutation is supported, forget the class-action suit attempts
Financial etc: https://finesand.wordpress.com/2018/12/05/cheetah-mobile-cmcm-a-financially-solid-high-growth-company/
- $600M in cash on hand
- 2018 PE roughly a 20-30% 2018 EPS increase to $1.66 -$1.80
- adware phasing out slowly, AI driven stuff coming in
- revenue already more balanced by countries and utils/games
And now the magic cooky, which I didn't totally get first: The impact of the share repurchase program they started for $100M earlier. After the short attack they had $92M left.
And they stated: Every day
Best you read it all in my blog, but below I copy the share structure pic and quote the most important conclusion.
An Outrageous Unfounded Accusation & Short Attack
Annual Short Attack / New AI Driven Biz
Oct 2017 Short Attack
2017-10-26 Prescience Point https://www.presciencepoint.com/research/research-archives/cheetah_mobile-cmcm/
2017-10-27 CMCM's fast refutation http://ir.cmcm.com/2017-10-27-Cheetah-Mobile-Responds-to-Recent-Allegations
Nov 2018 Short Attack
CMCM ex-partner Kochava 'discloses' some phenomenons, where he prematurely points his fingers to CMCM and one other company for good measure, see
In the business of disclosing security vulnerabilities etc, the finder USUALLY contacts the involved companies w/o raising the flag in public. Finder may receive a finders fee.
The behavior Kochava exposes with the public disclosure, breaches the unwritten rules in this field. So called 'Zero day' disclosures are rare and using the yellow press even more so :)
Who knows how they get compensated for it. They surely got their dime here IMHO. Simply unethical in this business.
CMCM made three PR regarding the orchestrated and algo lead short attack
1) 2018-11-27 https://www.prnewswire.com/news-releases/cheetah-mobile-responds-to-recent-article-regarding-app-installation-attribution-300755861.html
2) 2018-11-27 https://www.prnewswire.com/news-releases/cheetah-mobile-further-responds-to-recent-articles-regarding-app-installation-attribution-300756450.html
3) 2018-11-28 https://www.prnewswire.com/news-releases/cheetah-mobile-responds-to-kochavas-misleading-statements-300757227.html
And guess who has outed themselves?
Prescience Point showed up on 2018-11-28
"This is theft — no other way to say it" @kochavamobile tells @BuzzfeedNews about $CMCM. We agree - @CheetahMobile has many questions to answer for what we find to be suspect financial reporting and ad fraud practices https://t.co/ugFifI0WZ6— Prescience Point Capital (@PresciencePoint) November 28, 2018
Short Thesis Part-1: Sheng Fu, CMCM CEO also owns OrionStar
and has sold 30% to CMCM. Accusation is that CMCM planned to launch into robotics anyways and CEO simply created OrionStar to sell a stake to CMCM -> misappropriation.
May need to dig into this detail, maybe more to come :)
lead of the short gang Prescience Point,
which reads to me like cavemen (pre-science) :)
Stage-2 of the attack w/ ambulance chaser https://www.businesswire.com/news/home/20181128005744/en/
repeating: 11/22 nice interview w/ CFO re investment and core products shifting away from adware
a must view ..
on 2016-05-23 Google coop started for these ads https://www.prnewswire.com/news-releases/cheetah-mobile-and-google-share-admob-native-ad-success-with-video-case-study-300273292.html
To be honest, I hate all of these apps and don't use it - mobile phones as anonymous as possible. However, CMCM is like all of these other companies here, including Google and FB and who not.
The biz case is to use your data.
The user is the 'good' to trade, nothing to see here.
And if you believe that Google was not aware of anything in this matter, you may dream on :)
Bottom line, as laid out in replied post: CMCM is moving into a solid biz case for more growth away from these questionable adware components as planned in 2017. GL