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CGPI is one of the few names that didn't take part in the recent runup. The time and the fundamentals told me to buy :)
Outlook for 2011:
Revenue 40 Mio
Income about 20 Mio
Non-GAAP EpS 1.45
Price 4.07 -> PE 2.8!
Data from MSN money:
PE 2,7
PR 1,27
PB 1,21
PCF 3,8
Last PR:
14.10.2010 15:23
China Redstone Announces Cemetery Plot Sales and Preliminary Revenues for Second Quarter Fiscal 2011
-- Plot sales in Q2 FY2011 increased 70.2% year-over-year
-- Average sales price per plot increased month-over-month each month in Q2
FY2011 -- Company on track to sell at least 7,000 plots in fiscal year ending March
30, 2011
CHONGQING, China, Oct. 14 /PRNewswire-Asia-FirstCall/ --China Redstone Group, Inc. (BULLETIN BOARD: CGPI) ("China Redstone" or the "Company"), the largest private provider of cemetery products and services in Chongqing, China, today reported that it sold 1,726 cemetery plots for its fiscal second quarter ending September 30, 2010. The Company also announced that based on its preliminary estimates it expects revenue for its fiscal second quarter to be at least $11.8 million. This compares with revenue of $7 million reported for the second quarter of fiscal 2010, representing an increase of 69.3% year-over-year.
China Redstone sold 613 and 577 cemetery plots in July and August 2010, representing an increase of 56.8% and 34.5% from the same periods last year, respectively. The average selling price gained momentum throughout the quarter, increasing from $6,524 in July to $6,738 in August to $6,907 in September. The $6,800 average selling price for fiscal second quarter 2011 is approximately 2.0% higher than the average selling price for fiscal first quarter 2011 average and well above the $5,000-$6,250 forecast for the fiscal year ending March 31, 2011.
The following summarizes the Company's recent cemetery plot sales trends:
(Fiscal year ending July September FY11
March 30) 2010 August 2010 2010 FY11 YTD Guidance
Cemetery Plot Sales 613 577 536 3,580 7,000
Average Sales Per
Plot $6,524 $6,738 $6,746 $6,613 $5,000-$6,250
"We continue to see very strong demand for our products, as evidenced by the 3,580 plots we sold in the first six months of fiscal 2011," stated Mr. Yiyou Ran, Chairman and Chief Executive Officer of China Redstone. "We are especially encouraged by our customers' preference for premium lots, which command selling prices 32.3% higher than non-premium lots. The combination of higher sales, no credit risk and limited working capital needs for our core business position us well to generate significant cash flow growth in 2011 and beyond."
Financial Outlook for Fiscal Year 2011
For the fiscal year ending March 30, 2011, management expects revenues of $40 million, GAAP net income of $19.5 million, and GAAP earnings per share of $1.45, representing an increase of approximately 9.6%, 59.8%, and 9.0%, respectively, from fiscal 2010. Guidance includes projected sales of approximately 7,000 plots sold during fiscal year 2011 with average selling prices of $5,000 to $6,250.
China Redstone will report its full financial results for its fiscal second quarter ending September 30, 2010 in November 2010.
China Redstone Group, Inc.
China Redstone is a cemetery developer and provider of cemetery products and services in Chongqing, China, through its contractually controlled affiliate Chongqing Foguang Tourism Development (Group) Co., Ltd. Founded in 2002, the Company provides a complete range of funeral merchandise and services, including cemetery property, both at the time of need and on a preneed basis. Its cemeteries are highly regarded in terms of a number of factors such as tradition, reputation, physical size, capacity of business, available supply, name recognition, aesthetics and potential for development or expansion.
Lucky 7 eh? 
eom
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APBS ARTISTRY PUBLICATIONS, INC. to change name to China Redstone Group any day now
Cemetery Operations
We conduct our cemetery operations only in Chongqing, China. As of March 31, 2009, we have two cemeteries, Guiyuan I and Guiyuan II. The cemetery operations are managed by a team of experienced death care industry and sales professionals. During the year ended March 31, 2009, cemetery revenues account for approximately 96% of our total revenues.
Our cemetery products and services include interment services, the rights to interment in cemetery sites (including grave sites, mausoleum crypts and niches) and related cemetery merchandise such as memorials and vaults. Cemetery operations generate revenues through sales of interment rights and memorials, installation fees, and fees for interment services.
On February 12, 2010 (the “Closing”), Artistry Publications, Inc., a Delaware corporation (“Artistry” or the “Registrant”), closed a reverse take-over transaction by which it acquired a private provider of cemetery products and services in Chongqing, People’s Republic of China (“PRC” or “China”) pursuant to a Share Exchange Agreement
[chart]stockcharts.com/c-sc/sc?s=CGPI&p=D&b=5&g=0&i=0&r=5077[/chart]
Section 3.18 Exchange Listing . The Company use its best efforts to list and trade its shares of Common Stock on the Nasdaq Capital Market or the Nasdaq Global Market or any successor market thereto (collectively, “ Nasdaq ”), or NYSE Amex or any successor market thereto (together with Nasdaq, each a “ National Stock Exchange ”) at the earliest possible time it meets the listing requirements for listing on such National Stock Exchange and shall take all commercially reasonable actions to fulfill the said requirement by no later than the date which is [six months] after the Closing Date. Which is FEB 24th/09[[b}
Company states no offerings until uplisting. When uplisted they will do an offering of 10 million dollars for future growth.
Income statement data:
Three Months Ended
December 31, 2009
Revenues 11,403,585
Cost of Goods Sold 5,339,808
Gross Profit 6,063,777
Total Operating Expenses 643,198
Income from Operations 5,420,579
Total Other Income 150,451
Earnings Before Tax 5,571,030
Income Tax (1,414,552 )
Net Income 4,156,478
For the three months ended December 31, 2009, cemetery revenues increased by $9,433,633 or 478.88%
Nine Months Ended
December 31,
Net Income 10,044,238
Company is being conservative with projection of earnings. O/S 13.4 million. Net income will be 13 to 15 million net for the FY 2009. Meaning .97 (low end) to 1.12 EPS (high end) for 2009. Which would give it a PE from 4.1 to 4.85. At this time.
Average PE in this industry is 16.8 once uplisted.
