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Looks good here....Possible $2.+ by Friday's close.
Entered too early last week at 1.12 but exited 1.50 this morning.
CALI
CALI on watch....... 8k filed this morning...... Global lock lifted.......
Haven't played CALI in a long time, looks interesting at these levels.
Still holding CALI nice 16% gain today. Thinking it should get back to the 4's sooner than later, maybe wishful thinking. This is ultra-low float trading way below BVPS of $17.00 due to some accounting discrepancies in the past but those have since been resolved. Wall Street still has zero confidence in this company but how much does that matter, too undervalued to overlook.
China Auto Logistics Reports 2013 Results
http://www.itbusinessnet.com/article/China-Auto-Logistics-Reports-2013-Results-3180615
Incredibly underpriced 2M float China microcap book value per share is 17.00. Now the question is why is it trading so far below that, anyone?
Sell yesterday knowing the run won't continue. If you look on the short term past it was always the same. Pump and dump and few days later flop!
Hey...anyone want to buy Apple Computer Today? I am going to go ahead on my own I guess and I will own it within 5 days of me getting 500 BILLION DOLLARS...I am Excited!
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what are you going to buy today without money? lol imo
Can't say it any better than that. A scam that puts this to under $2 tomorrow. MM's socked it to traders today!
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unreal. hope they save some of their investment. imo
OLD QUARTLERLY...THIS GUYS GETTING DESPERATE...SAME AS ON PLUG. LOSER DON'T FOLLOW HIS ADVICE. IMO
THIS STOCK SHOULD HAVE GONE DOWN TO UNDER A BUCK AFTER THIS FOOLISH NEWS OF BUYING A COMPANY AND IT WILL BE EFFECTIVE AS SOON AS THEY CAN GET 40 MIL. MAN I CAN SAY THAT. I THINK I WILL BUY APPLE! IMO DP
THIS FOOL WANTS TRADERS TO HELP HIM RECOVER FROM HIS $2 SLAPDOWN STUPID LOSS. BUT THAT IS WHAT HE IS GOOD AT. IMO
B R Y KEEP DREAMING! THEY ARE WORTH NOTHING...NOTHING AND EVERYONE KNOWS YOU ARE A LIAR!
I STILL CAN'T FIGURE WHERE THEY GET THE 40 MIL. DILUTION TO 200 MILLION SHARES PROBABLY
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Sounds like smells like, is a pump and dump by owners. imo
This A-hole said same thing on PLUG board!!!
RUNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNN! THIS IS A .22 CENT STOCK needing a larger gross value to EVEN GET A LOAN. THIS 100 MIL DEBT....IS JUST PLAIN TOO STUPID TO BELIEVE. ANOTHER CHINESE SHORT SETUP OF TRADERS. IMO
$IAALF - $0.179 +0.019 (+11.87%)
DILATION WARNING!!! 100 TO 200 MIL SHARES NEEDED TO CLOSE DEAL. WE HAVE SEEN THIS BEFORE AND GOT BURNT. HERE WE GO AGAIN, WITH THE ECONOMY OF CHINA STUMBLING. SHORT THIS PIG. IMO
CALI could SOAR to $25 imo--CALI MARKET CAP TINY compared to U.S. used car companies publicly traded---CALI will also provide INTERNET services in CHINA.--
CALI could SOAR to $25 imo --THIN FLOAT--TINY MARKET CAP---HUGE POTENTIAL in CHINA---Similar companies in U.S. have ENORMOUS MARKET CAPS.
China Auto Logistics Subsidiary Signs Definitive Agreement to Acquire Owner & Operator of Airport International Automall in T...
China Auto Logistics Inc. (MM) (NASDAQ:CALI)
Intraday Stock Chart
Today : Thursday 5 December 2013
Click Here for more China Auto Logistics Inc. (MM) Charts.
China Auto Logistics Subsidiary Signs Definitive Agreement to Acquire Owner and Operator of Airport International Automall in Tianjin for $91.4 Million
Company Plans to Develop a Major Used Car Operation Through Previously Announced Joint Venture
TIANJIN, CHINA--(Marketwired - Dec 5, 2013) - China Auto Logistics Inc. (the "Company" or "CALI") (NASDAQ: CALI), a top seller in China of luxury imported automobiles, and a leading provider of auto-related services, reported today that on November 30, 2013, its subsidiary, Tianjin Binhai Shisheng Trading Group Co., Ltd. ("Shisheng") signed an equity transfer agreement with Hezhong International Development Co, Ltd. to acquire Tianjin Zhonghe Auto Sales Service Co., the owner and operator of the Airport International Automall in Tianjin (the "Automall"). The Company plans to develop the Automall into a key site for what it believes can become one of the largest used car businesses in China.
Following an initial payment of RMB 240 million (approximately $39.2 million) to be paid within 5 days of the signing, the remainder of the agreed purchase price of RMB 559,768,000 (approximately $91.4 million) will be paid in three additional annual installments with an annual interest rate of 6%, after which 100% of the equity in the acquisition will be transferred to Shisheng. In the interim, Shisheng will have operating control of the Automall, although failure to complete all required payments on time could result in termination of the agreement.
The Company anticipates utilizing its cash flow and bank borrowings to fund the acquisition. It also will be paying a finder's fee equal to 1% of the purchase price in the form of 340,000 restricted common shares under the terms of a Consulting Agreement, signed separately.
Focus on Developing Major Used Car Business
The successful completion of the Automall acquisition was a prerequisite for proceeding with the joint venture, envisioned by the recently announced cooperation framework agreement, that will own and operate a domestic and imported used car business. The development and growth of this business and related services will be the primary focus of operations at the Automall, although space at the Automall is also planned to be made for other auto dealers, and certain other businesses expected to generate fee and rental revenues for the Company.
The Company envisions a substantial role for internet promotions and sales in its used car business model, with above average growth possibilities stemming from the strong growth of new car sales in recent years in China. These, in turn, have been creating a rapidly growing pool of used cars each year.
Increased Share Value and Exciting New Business Expansion
Mr. Tong Shiping, CEO and Chairman of the Company, stated, "I am extremely pleased that we have been able to pull together the various elements of this major acquisition. Based on extensive careful studies, we believe that the real estate value of the mall and its surrounding property, by itself, significantly enhances the value of the Company and its shares. Further, we now have the key pieces in place to develop what we believe can become a substantial, new collection of growth businesses based on the expanding volume of used cars in China."
He continued, "We will proceed cautiously to finalize and put into place a business model utilizing our extensive experience in automobile sales and our national network of automobile dealers, as well as our expertise in developing internet based automobile related services. We believe the fruits of our labor will become increasingly evident in 2014 and beyond."
"Meanwhile," Mr. Shiping said, "I hope that our shareholders will begin to see and share our excitement about this major new development which, if successful, has the potential to dramatically reshape our Company."
Additional details on the Equity Transfer Agreement are available in the Form 8-K filed today with the U.S. Securities and Exchange Commission.
About China Auto Logistics Inc.
China Auto Logistics Inc. is one of China's top sellers of imported luxury vehicles. It also manages China's largest imported auto mall in Tianjin and provides a growing variety of "one stop" automobile related services such as short term dealer financing. Additional information about the Company is available at www.chinaautologisticsinc.com.
Information Regarding Forward-Looking Statements
Except for historical information contained herein, the statements in this press release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause our actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, product demand, market competition, and risks inherent in our operations. These and other risks are described in our filings with the U.S. Securities and Exchange Commission.
Contacts:
Sun Jiazhen
sjz_cali@126.com
Ken Donenfeld
DGI Investor Relations Inc.
kdonenfeld@dgiir.com
Tel: 212-425-5700
Fax: 646-381-9727
CALI --only 3.7M shs outstanding--will provide INTERNET automobile promotions and sales in CHINA --- market cap is tiny.
Q3 13 earnings transcript here
http://www.earningsimpact.com/Transcript/84518/CALI/China-Auto-Logistics-Inc----Q3-2013-Earnings-Call
Seems chinese doesn ´t react the same way as we!
When you see the word "Deficiency" what do YOU think it means?
China Auto Logistics Receives Nasdaq Notice Regarding Minimum Market Value Deficiency
http://www.marketwired.com/press-release/china-auto-logistics-receives-nasdaq-notice-regarding-minimum-market-value-deficiency-nasdaq-cali-1837880.htm
China's companies are quite untransparent. What matters is other companies such as LAS follow the same trend last few month.
The sales are going down and the cost remains unchanged...
China's companies have trouble to control the cost structure
Is this one dead? Was the run up to $5+ just a result of pumpers?
yup! didn't touch this pig, was wondering where everybody was at lol
>>>>>>>>>>>first on the scene!<<<<<<<<<<<<
China Auto Logistics Signs Non-Binding Letter of Intent to Acquire the Airport International Automall in Tianjin
7:55 AM ET 5/20/13 | Marketwire
China Auto Logistics Inc. (the "Company") (NASDAQ: CALI), a top seller in China of luxury imported automobiles, a leading provider of auto-related services, and developer and operator of a leading automobile portal and auto-related websites, announced today that a wholly owned subsidiary of the Company has signed a non-binding Letter of Intent (the "LOI") to acquire and operate the Airport International Automall, a 26,000 square meter vehicle sales and exhibition center located in the heart of the Tianjin Airport Economic Area adjacent to a number of top 4S shops (auto dealerships) in Tianjin. The port city of Tianjin is one of China's major automobile import and sales centers, where the Company also manages the city's largest imported vehicle auto mall.
The potential acquisition is subject to a due diligence investigation and valuation by the subsidiary, with the final price to be determined by negotiations between the parties. No date has been set for completion of the transaction, and there can be no assurance that any transaction will be completed as contemplated or at all.
Mr. Tong Shiping, Chairman and CEO of China Auto Logistics Inc, commented, "We are very excited about this potential acquisition for a variety of reasons. First, it is a business we know well, based on our successful management of Tianjin's largest auto mall for imported cars, which has been a steady and important contributor to our bottom line. Second, it would further demonstrate our commitment to the growth strategy we have announced to shareholders, which is to maintain our leadership in luxury auto sales and support this with the growth of our existing and new higher margin auto-related services businesses."
About China Auto Logistics Inc.
China Auto Logistics Inc. is one of China's top sellers of imported luxury vehicles, and also manages China's largest imported auto mall in Tianjin. Additionally, it operates www.cali.com.cn, one of the leading automobile portals in China, as well as three major websites serving China's auto dealers and their customers. The Company also provides a growing variety of "one stop" automobile related services such as short term dealer financing. Additional information about the Company is available at www.chinaautologisticsinc.com.
Information Regarding Forward-Looking Statements
Except for historical information contained herein, the statements in this press release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause our actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, product demand, market competition, and risks inherent in our operations. These and other risks are described in our filings with the U.S. Securities and Exchange Commission.
Contacts:
Sun Jiazhen
sjz_cali@126.com
Ken Donenfeld
DGI Investor Relations Inc.
kdonenfeld@dgiir.com
Tel: 212-425-5700
Fax: 646-381-9727
SOURCE: China Auto Logistics Inc.
mailto:sjz_cali@126.com
mailto:kdonenfeld@dgiir.com
China Auto Logistics Reports 2013 First Quarter Results
7:30 AM ET 5/15/13 | Marketwire
China Auto Logistics Inc. (the "Company") (NASDAQ: CALI), a top seller in China of luxury imported automobiles, a leading provider of auto-related services, and developer and operator of a leading automobile portal and auto-related websites, reported today that in the first quarter of 2013 the Company continued its aggressive luxury auto price-cutting strategy in order to expand its market share. As anticipated, this led to a year over year decline in net income on narrowed margins, despite an 11% increase in unit sales of luxury autos, and a record contribution to operating income from the Company's high margin Financing Services business.
Mr. Tong Shiping, CEO and Chairman of the Company, stated, "It is of paramount importance to the Company, and its plans to expand new and existing higher margin auto-related services, that we maintain a leadership position in luxury auto sales. While our price cutting strategy currently is squeezing margins, we believe it ultimately will shake out weaker competitors and build our market share. Meanwhile, we remain pleased with the growing contribution to our bottom line from Financing Services, and also are making progress developing other high margin auto-related services opportunities that we hope to be able to report on in the very near future."
Financial Highlights
View data
-- Net revenues for the three months ended March 31, 2013 increased 0.17% to $107,625,066 from $107,445,586 in the first quarter last year. The main contributor to revenues were Auto Sales which comprised 97.41%, of total revenues, followed by Financing Services, with 1.76%. The percentage contribution to revenues from web-based advertising services declined further to 0.20% reflecting the Company's decision last year to shift the focus of their online presence away from ad revenue generation, in an attempt to create other growth opportunities for their online portal. -- Income from operations in the 2013 first quarter declined to $1,464,322, primarily due to a sharply lower contribution to operating income from Auto Sales. While this was not offset by contributions to results from the Company's higher margin auto-related services businesses, including financing, web-based advertising and automobile value added services, the combined operating income of these other businesses grew strongly to $1.55 million, up from $1.24 million a year earlier, led by a record $1.05 million contribution from Financing Services, compared to a $704,000 contribution from this business in the year earlier quarter. -- Net income attributable to shareholders in the 2013 first quarter declined to $1,007,335, or $0.27 per share, compared with $1,581,477, or $0.43 per share in the first quarter of 2012. The weighted average number of diluted common shares in both periods was 3,694,394 shares.
Segment Review
View data
-- In the 2013 first quarter, the Company sold 1,256 automobiles, up 11% from 1,129 automobiles in the same period last year. However, the average unit selling price decreased 8.7% from $92,000 a year earlier to $84,000 per vehicle in the 2013 first quarter. This decline primarily was a consequence of a continuing aggressive pricing strategy aimed at expanding market share and maintaining market leader status. Additionally, reflecting market demand, the Company sold more lower end models of luxury vehicles where gross margins typically are lower than higher end models. -- Financing Services continued to grow strongly in the 2013 first quarter, although not fully reflected in the revenues for this segment of $1,899,410, compared with $2,000,432 in the first quarter last year. Revenues from this segment are comprised of interest income and fees for services and, while lower interest rates in the period reduced interest income, the fee portion of financing revenue grew 52.24% to $1,329,434. New financing service types and increased pricing also helped grow the Financing Services gross margin percentage in the 2013 first quarter to 69.70%, up from 43.36% in the first three months of 2012. As of March 31, 2013, the Company had aggregate credit lines of approximately $136 million, supporting this business, on which it had drawn approximately $80 million. --The Company also continued to see solid but relatively flat year over year contributions to results in the 2013 first quarter from its other higher margin auto-related services, namely, auto mall management services and automobile value added services.
Outlook
Mr. Tong commented, "We believe we will continue to operate in a strong growth market for luxury car sales in China, where most forecasters see this segment of the market outperforming the anticipated growth in general automobile sales. At the same time, we see continuing competition in the luxury automobile segment necessitating a continuation of our efforts to beat the prices of weaker competitors to expand our market share. To help us with this strategy, we envision a growing contribution over time from our current and planned higher margin auto-services related businesses."
Conference Call Invitation
The Company will discuss 2013 first quarter results during a live conference call and webcast on Friday, May 17th, at 8:00am ET.
To participate in the call, interested participants should call 1-877-941-1427 when calling within the United States or 1-480-629-9664 when calling internationally. Please ask for the China Auto Logistics 2013 First Quarter Earnings Conference Call, Conference ID: 4619448. There will be a playback available until May 24, 2013. To listen to the playback, please call 1-877-870-5176 when calling within the United States or 1-858-384-5517 when calling internationally. Use the Replay Pin Number: 4619448.
This call is being webcast by ViaVid Broadcasting and can be accessed by clicking on this link http://public.viavid.com/index.php?id=104737 or at ViaVid's website at http://viavid.com.
About China Auto Logistics Inc.
China Auto Logistics Inc. is one of China's top sellers of imported luxury vehicles, and also manages China's largest imported auto mall in Tianjin. Additionally, it operates www.cali.com.cn, one of the leading automobile portals in China, as well as three major websites serving China's auto dealers and their customers. The Company also provides a growing variety of "one stop" automobile related services such as short term dealer financing. Additional information about the Company is available at www.chinaautologisticsinc.com.
Information Regarding Forward-Looking Statements
Except for historical information contained herein, the statements in this press release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause our actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, product demand, market competition, and risks inherent in our operations. These and other risks are described in our filings with the U.S. Securities and Exchange Commission.
China Auto Logistics' CEO Discusses Q4 2012 Results - Earnings Call Transcript
http://seekingalpha.com/article/1314441-china-auto-logistics-ceo-discusses-q4-2012-results-earnings-call-transcript?source=email_rt_article_title
Out 1,500 CALI @ 4.6499.
Will be back to $3 by weeks end
Then $2 by end of month , thanks
S A for your fine article ,will accumulate at $2.
When CALI jumps...it really jumps high, doesn't it?
However, CALI seems to have trouble holding the gains.
I chase it the other day without getting filled.
And today, I flipped my strategy and was waiting
at $6 to short...but didn't get close.
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China Auto Logistics
Description of China Auto Logistics Inc.
With 2008 sales of approximately $190 million, China Auto Logistics Inc. (NASDAQ:CALI - News) is one of China's top sellers of luxury imported cars as well as one of the country's leading developers of websites for buyers and sellers of imported and domestic automobiles. It is also China's leading "one stop" provider of logistical services and financing to imported car dealers nationwide. The Company has made the strategic decision to de-emphasize imported auto unit sales in favor of expanding its new, highly profitable domestic auto websites which are accessible through its national website, www.at160.com, launched in May 2009. Its subscription and advertising based www.at188.com is the number one site for imported car dealers and consumers. Already contributing significantly to profits, the Company believes further expansion of its websites, including the addition of new web-based auto-related services, will drive future growth. For additional information: www.chinaautologisticsinc.com.
Thestreet.com's Chinawatch mentions CALI fairly often, and has a nice perspective on its prospects: http://cosmos.bcst.yahoo.com/up/player/popup/?rn=289004&cl=16625831&src=finance&ch=633473
Earnings for Q3 of 2009: http://finance.yahoo.com/news/China-Auto-Logistics-Inc-iw-2024953649.html?x=0&.v=1
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