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There are over a million options at .50.Holders have been exercising when stock trades above .50 for a quick profit.I believe that most of the options have been exercised.The company will want to move the share price higher as we approach May.
Yeah, somebody bought out the 40's. Anyway probably just somebody who wants out and being the stock so thin it sells off if someone wants to get rid of 25k shares quickly.
Seeing .40 x .53 on L2
Ask now 40 cents and no buyers. What happened with this stock out of all sudden?
LOL...ask is back up in the .60's now for CGDI...
Thanks for the .44 shares.
200 Paint job at .44 ... BOOO. Someone wanted their account to look nice. Save that sh!t for EOD or dont do it all, preferrably not at all
OK, added .44 shares to my free stash from swing trading this one earlier this year a couple times.
Full stochastics are deeply oversold...near zero...bid is rising.
Let is run back up...gaps down...several should fill on any steady buying.
Good luck.
One thing that might be hurting CGDI is that tdameritrade now requires clients to call in their orders! Graciously they gave the on line rate...which is what they've always done in the past...some have done the trade for free if I whine about having to call it in!
However...about every time I've had to have a broker place the order on these china plays...the trades work out great for me. I just want more free shares in tax deferred accts as profits to hold long term.
This co. should still be on track to get the share price over $2...maybe next year?
i don't think so.
this thing is so hard to buy/sell, that when you want in or out, you have to move the price.
my strategy has my cost-average currently above the current price.
i'm not worried. i think the replacement value of this company is $2.50.
Glen
10Q looked good. Just doesnt get any attention. I'll hold, still worth well over $1 IMO
CGDI being dumped daily. Hope there are no problems with accounting or anything like that?
Article about malls in 2nd and 3rd-tier Chinese cities
http://online.wsj.com/article/SB10001424052748703819904574555393003097048.html
CGDI I don't see any reason not to think this Q should be better than the last....this is the news that made me a buyer.....
China Growth Development Achieves Full Occupancy of Newest Shopping Mall, Primed to Add 1.9 Million in Annual Revenue
China Growth Development Inc. (OTCBB: CGDI), a Chinese commercial property developer and operator, has achieved full occupancy of its newest structure, which equates to the anticipated addition of $1.9 million U.S. dollars in annual gross revenue. The Xicheng Shopping Mall - Phase II, located in Taiyuan, China is a five story mall with 21,000 square meters of commercial space for retail stores.
The Company, which operates six (6) shopping malls located in the Shanxi Province, currently generates positive cash flow through existing operations. In the remainder of 2009, the company intends to continue efforts to expand our presence in the commercial real estate market through potential acquisitions and construction of new facilities.
“We are pleased to announce that our newest shopping mall has reached full occupancy, which translates to increased annual revenue growth for the company,” stated Sam Liu, COO. “The tenants normally pay in advance for up to a 10 year lease period, and this is a significant factor in reducing China Growth Development Inc.‘s exposure to fluctuations in the commercial real estate market.”
The company notes that China's economy has experienced significant growth over the past few years and that has increased the demand for commercial space.
China Growth Development Inc. intends to grow and expand its commercial real estate business. The company desires to acquire an additional 2 shopping centers within the next three years in addition to capitalizing on existing development rights.
“We aim to have these and future developments enhance China Growth Development’s balance sheet and thus shareholder value,” added Mr. Liu.
About China Growth Development
China Growth Development is a real estate development company that currently operates over 80 million in assets through six shopping malls in the Shanxi Provence,
CGDI chart & fill today.
11/12/2009 YOU BOUGHT
CGDI CHINA GROWTH DEV INC COM
Cash Shares: +300.000 Price: $0.68 Amount: -$214.95
Comm: $10.95
Settlement Date: 11/17/2009
Holy smokes....I guess one could say it's just a matter of time....
anyone who is asking about this on emerging chinese microcaps should read this post.
i've been in on "phone calls" with big investors in this company
they figure replacement value of cgdi's assets is $2.50+ per share and prefer to look at that instead of book value.
you heard it here first.
(maybe)
Still some wacky trading going on, anyone have some insight?
Float really tight, even for MMs -
I just happened to have a sell order in for the last few days at 0.60 while the bid/ask was 0.45/0.56. Guess what? The bid/ask went to 0.45/0.60 and they tapped at my shares for a sell of 200 and then 400 at 0.60. So I got 0.60 with a bid/ask of 0.45/0.60. The MMs must really be short. Since all trades today were buys, I cancelled my sell order. I'm waiting to see what happens.
OK, thanx for the correction. I had written down $1.50 for some reason. Had a little volume today, but this one still goes unnoticed for the most part.
Actually it's around 1.20 the book value if I recall right.
Noticed that too. Had that nice run to the low .50s, now things seem to have toned down a bit. There was a big seller in the low .40s (.43 if I recall) and maybe are thinking they'll still be able to get it at that price. Havent checked L2, but I'm guessing the bid support is fairly strong around that price. Holding long, been in since the mid-.20s and am looking for a lot closer to Book Value, which I believe CSP stated was around $1.50
Funny that this stock basically stopped trading for the last few days. What's up there?
I think it's just volatility on a thinly traded stock that hardly anyone knows about yet because they have no IR firm and aren't putting out pr's every other day.
People want instant gratification (not talking about you) in the market and if they buy something and it doesn't go up in a few days they sell and move on to their next (probably losing) trade.
I use times like this to average up/down in the stocks I like.
Odd trading this week, any ideas?
MMs are playing games, can't figure it out.
Another 52 week high.
Not bad while the rest of the market was melting down today!
Someone put a market sell order in and the MM's cleaned his clock.I got filled @ .45 for 5,000 shares.This will trade up tomorrow.
I don't get L2s and the volume was quite high with respect to what it is on a normal day. That and the fact that it was sitting at .41 was what prompted my post.
Actually there was much more buying than selling as of 1:00pm.
Low float, thinly traded= volatility.
Hell, CGDI could easily close UP today. A lot of folks starting to realize it's selling for less than 1/2 of book value here.
They're not shaking my shares out! :)
Hmmm, selling on lots of volume. Wonder what that's all about. The problem with Chinese stocks is ...we are at the end of the news chain.
yep- only about .75 more to get to book value, lol.
What people won't pay .55 now for they'll gladly pay $1+ for in a few weeks.
Funny how that is...
I remember when you and i were loading up from .05-to .10.We might be doing the same from .50-to 1.00.At one time i was long 155,000 shares.Added 5,000 this week and now long 15,000 that i will take higher.Good Luck
I'm not sure- I'm going to be contacting the company soon with a few questions and will ask this one also. I'm considering making this a much larger part of my China stock holdings than it is currently.
I bought a few more today also.
how do they account for the revenue thats paid in advance ?? Monthly,quarterly, yearly basis?? Do they smooth it out somehow???Thanks for your help..I like this one
“We are pleased to announce that our newest shopping mall has reached full occupancy, which translates to increased annual revenue growth for the company,” stated Sam Liu, COO. “The tenants normally pay in advance for up to a 10 year lease period, and this is a significant factor in reducing China Growth Development Inc.‘s exposure to fluctuations in the commercial real estate market.”
Been Researching some Chinese Penny Stocks.CGDI is the cream of the crop and tremendously undervalued.I continue to add at higher prices.
CGDI fill, watch it tank, sometimes I am the "kiss of death" to a stock like this when I buy in. This is the second stock I own on book value alone, SIAF is the other.
09/23/2009 03:13:08 PM $0.57 1,000.000 $570.00
NET TOTAL 1,000.000 $570.00
Lookin' good.
Only about .70 to go to get to BV! :)
Small pullback on even smaller volume today.
People holding their shares like they're gold...and at anything under $1, they are IMO.
I haven't taken replacement cost into consideration, but yes, It would probably be higher than the current valuation.
Despite CGDI's recent move in the last few days, it's still trading about .72/share below bv, is eps positive, with growing revenues and earnings going forward with the one time charges for the reverse behind them, and the recently completed expansion already at 100% capacity.
This is a company tha made .14/share in 2007 and I believe they'll be making that and more in the following 12 months.
Replacement Value
ChinaStock, have you run any numbers on replacement cost for their assets? By my numbers, we're looking at closer to $2 a share by this metric - much better than book value shows. Any thoughts?
Video of Taiyaun-
This is a high quality video/helicopter tour of Taiyaun- and as the area's largest mall developer/operator, I'm guessing there are scenes of at least one of the malls CGDI owns also.
It takes time to download- but it's in English and very informative.
Taiyaun isn't Shanghai, but it ain't podunk Outer Mongolia either!
Suggestion: let it download for a few minutes with volume down- then restart it on full screen- it's pretty impressive.
http://www.taiyuan.gov.cn/tygovwww/english/spty.htm
The Long case for China Growth Development (CGDI)
CGDI is a commercial mall developer and operator of 6 malls (with 2 under major expansion) in the capital city of Taiyuan, Shanxi Province.
This is why I believe the share price will triple to > $1/share by eoy....
------------
28% Revenue Growth yoy
2007 revenue 12.7M
2008 revenue 16.2M
2007 eps: .14/share
2008 eps: .05/share (The lower eps for 2008 due mostly to SG&A expenses that nearly doubled from $6.7M in 2007 to $10.9M in 2008. Most of this extra $5M in expenses were ONE TIME CHARGES.
"The higher expenses were mainly due to one-time charges incurred in the closing of the reverse acquisition."
See Income Statement 2007 vs. 2008 for more clarity:
http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=6613425-106130-110928&type=sect&dcn=0001213900-09-001283
Most Recent Quarter Results:
Q2 2008 revenue $3.7M
Q2 2009 revenue $4.1M (12% increase)
Net Income with 70% increase
Q2 2008 eps: .02 (net income $608,700)
Q2 2009 eps: .03 (net income $1,034,000)
Shareholders Equity: $44.6M / BV: $1.22
New Revenue Source Going Forward
CGDI announced 100% capacity and nearly $2M in new revenue from a mall expansion project in August:
http://ih.advfn.com/p.php?pid=nmona&cb=1253209832&article=39033833&symbol=NB%5ECGDI
Dilution Unlikely- even with aquisition plans
"The Company currently generates its cash flow through operations which it believes will be sufficient to sustain current level operations for at least the next twelve months. In 2009, we intend to continue to work to expand our presence in the commercial real estate market, including the potential acquisition of another shopping mall.
To the extent we are successful in growing our business, identifying potential acquisition targets and negotiating the terms of such acquisition, and the purchase price includes a cash component, we plan to use our working capital and the proceeds of any financing to finance such acquisition costs."
BUT HERE'S THE REAL BEAUTY OF CHINA GROWTH DEVELOPMENT
CGDI gets it's rent paid in advance for their longer term leases so they don't have an accounts recievable issue.
In fact they have the exact opposite- as of the most recent quarter, they have "non-current deferred revenue" of $32,242,257.
That's about $1/share just waiting to hit the books in future quarters. Apple Computer gets non current deferred revenue from their I-phones- and it's a beautiful thing. I've never seen it in a penny stock though.
Non-Current Deferred Revs. = Conservative Money Management
"CGDI management will continue our financially prudent practice of requiring prepaid rents from our commercial tenants, for the entire term of the leases (typically 5 to 8 years). This method allows for an expeditious return of capital to CGDI, while greatly reducing debt service carried on the properties."
Share Structure favors us Little Guys
Insiders own 31M of the total $34M shares. All 31M of insider/5% holder shares are locked per terms of the reverse merger. INSIDERS CAN NOT SELL until May 2010. I expect they'll have an IR firm on board by then to get the word out and the share price up considerably from current levels.
Pics of current properties:
http://www.chinagrowthdevelopment.com/cgdi_subsidiary.html
Proposed Developments and Land Bank Access
http://www.chinagrowthdevelopment.com/cgdi_proposed.html
Trading in CGDI remains thin and volatile, but I believe the trend will be up as more investors discover the true value here.
With the one time extra $5M in charges form last year gone, and the added $2M in revenues from the property expansion, I think a return to .14/share is easily within reach for the following 4 quarters.
I am very much on the fence with regards to CGDI. The company is certainly very cheap and it has a great balance sheet. I also like the whole deferred-revenue aspect...
My reservations are as follows:
1) Real estate relies on leverage to grow quickly. This company, as with many chinese companies, uses very little debt and thus has small leverage.
2) Even if it is at a P/E of 2-3, with a revenue growth rate of 10-20% how can it compete with the others above? This last quarter gave a big boost to earnings, but they will not be able to maintain such percentage cost improvements as the yoy comparisons will get tougher and tougher.
On the other hand, with asset values being much much higher than market cap... You have a leveraged play on china real estate values...But the company doesn't sell assets so it won't benefit directly from that...
Does anyone know when the leases start ending on the current 6 malls? Given their pre-pay system, I figure when renewals happen they will get great cash-inflows... Specially since the market rates should be significantly higher than the ones they got 5-8 years ago...
Can anyone give me any information that addresses my point #1 and #2?
-Fernando
Great website..very informative.....now gimme some candy!
CGDI anticipates that our company will grow consistently over the next few years. Through rigorous market research we have determined that the consumer product market is growing rapidly at 13.7% per year. With per capita income increasing by 12% per year, and per capita consumption increasing by 17.3% per year, we are committed to acquiring three additional shopping centers within the next three (3) years.
Specifically, CGDI expects to break ground on two projects: The Taiyuan West City Shopping Mall, Phase II and The Taiyuan Royal City Shopping Mall, Phase II. Taiyuan West City Shopping Mall, Phase II will be a 98,425 sq. ft., five story shopping center which will include 68,898 sq. ft. of commercial space for retail stores. Taiyuan Royal City Shopping Mall, Phase II will be a 131,234 sq. ft.,, six story shopping center which will include 91,864 sq.ft of commercial space for retail stores.
Chinese government policy is in favor of the growth of retail shops in Shanxi Province because it greatly stimulates the economic growth of the region. CGDI intends to fund the new project with internal cash flow and a combination of bank financing, government policy subsidies, outside private investors or additional equity raised through public offerings.
The commercial real estate industry in China is experiencing significant growth. However, new competitors are entering the market at a record pace. Competition is increasing and it is becoming difficult to gain market share and grow. As more companies emerge and try to gain market share from the already established businesses, there are certain factors that we believe will be favorable as well as critical to our growth:
· Location: Our shopping centers are in prime locations with high rates of pedestrian and automotive traffic, they are in very close proximity to bus and train stations as well as the primary highway;
· Strong Management Team: Our management team has exceptional experience in the commercial real estate market;
· Innovative Rent Payment Strategy: CGDI offers its tenants innovative payment options and is able to maximize lease payments and reduce its debt levels and accounts receivable;
· Access to Exclusive Land Banks: Through the contacts of its management, CGDI intends to able to acquire popular and profitable land for future shopping centers.
I grabbed more on today's dip ... really seemed like this thing wasnt going to go higher until it filled the low-.30 gap. Lets see if we can break that .45 resistance next week.
website up/running again
pics of properties here:
http://www.chinagrowthdevelopment.com/cgdi_subsidiary.html
I've been on several other boards...where investors are looking to at least 1.00... definitely hold...
$97M in real estate holdings = $2.85/share of the same
Anyway I try to value this- it just seems very very cheap...which is why I and a few others were quietly accumulating for the last 3 months as other China microcaps doubled and tripled.
Now it's CGDI's turn.
Management holds 31M of the 34M shares, and all their shares are LOCKED and can not be sold until May 2010.
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CGDI.OB China Growth Development
China Growth Development, Inc. (CGDI), is the largest investor, owner and manager of commercial real estate in the capital city of Taiyuan, located in the Shanxi Province of southern China.
China Growth Development, Inc., owns and manages 4,200 commercial units valued at over $90M within its six strategically located shopping centers, servicing an urban population of 3.4 million people.
Website:
http://www.chinagrowthdevelopment.com
Pics of Current Properties:
http://www.chinagrowthdevelopment.com/cgdi_subsidiary.html
Video of Taiyuan- including shopping district:
(slow to download- but worth the wait!) http://www.taiyuan.gov.cn/tygovwww/english/spty.htm
PICS OF A FEW OF CGDI's PROPERTIES TAKEN 11/2009
Recent News:
China Growth Development Achieves Full Occupancy of Newest Shopping Mall, Primed to Add 1.9 Million in Annual Revenue - August 13, 2009
"We are pleased to announce that our newest shopping mall has reached full occupancy, which translates to increased annual revenue growth for the company,” stated Sam Liu, COO. “The tenants normally pay in advance for up to a 10 year lease period, and this is a significant factor in reducing China Growth Development Inc.‘s exposure to fluctuations in the commercial real estate
The company notes that China's economy has experienced significant growth over the past few years and that has increased the demand for commercial space.
China Growth Development Inc. intends to grow and expand its commercial real estate business. The company desires to acquire an additional 2 shopping centers within the next three years in addition to capitalizing on existing development rights.
“We aim to have these and future developments enhance China Growth Development’s balance sheet and thus shareholder value,” added Mr. Liu.
China Growth Development Inc Highlights Second Quarter 2009 Financial Results - August 20, 2009
Second Quarter 2009 Highlights
-- Net revenue increased to 4.18 million, a 12% increase from the second quarter of 2008.
-- Net income rose to $1.67million for the quarter ended June 30, 2009, a 70% increase year-over-year.
-- Earnings per share of $.03 for the quarter on a fully diluted basis as compared to $.02 from the second quarter of previous year.
“We are pleased at our progress and ability to deliver solid results this quarter," stated Mr. Sam Liu, COO of China Growth Development Inc. “Our expansion projects have lead the way to increased revenue, and that is a perfect example of our growth strategy succeeding. We are focused on continuing that strategy of growth via expansion, development, and acquisition throughout the third and fourth quarters of 2009.”
2009 – 2010 Outlook
Over the course of the next few years, we intend to grow and expand our commercial real estate business. We currently generate positive cash flow and we expect to acquire an additional 2 shopping centers within the next three years.
SEC Filings: (click here)
Share Structure:
Outstanding Shares: 34,970,007
Insider Shares: 31,121,327 (All insider shares are locked/unavailabe for sale until May 2010 per terms of the reverse merger)
Approximate Float: 3,848,680
Contact:
China Growth Development, Inc.
USA Office
927 Canada Court
City of Industry, California 91748
USA
Phone: 626-581-9098
Fax: 626-581-9138
info@chinagrowthdevelopment.com
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