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Great call BOB..things are happening fast just like you said! WEEEEEEEEE!
CGPI now has the independent directors required for an uplist...
http://finance.yahoo.com/news/China-Redstone-Group-Inc-prnews-3166600468.html?x=0&.v=1
WWWWEEEEEEEEEEEEEEEEEEEEE!!!!!!!
China Redstone - Q3 Earnings Released.
China Redstone Group, Inc. Announces Results for Third Quarter and First Nine Months of Fiscal Year 2010
•Third quarter fiscal year 2010 revenues increased 479% to $11.4 million; net income increased 467% to $4.2 million with pro-forma EPS of $0.33.
•Revenues for first nine months of fiscal year 2010 increased 136.6% to $26.5 million; net income increased 208% to $10.0 million, with pro-forma EPS of $0.79.
•Fiscal 2010 Guidance: Revenues of $31.7 million and net income of $12.1 million, an increase of 73.2% and 120.0% over FY 2009. FY 2010 EPS of $0.90 anticipated.
•Fiscal 2011 Guidance: Revenues of $36.9 million and net income of $16.4 million with EPS of $1.20.
http://www.prnewswire.com/news-releases/china-redstone-group-inc-announces-results-for-third-quarter-and-first-nine-months-of-fiscal-year-2010-90263392.html
-Adam
LOL...sorry about that...was in a hurry to type. No disrespect
I said i liked it ,havnt done much DD... about 3 minutes worth.being that i respect your opinion i figured id save time and ask you...lighten up will ya..who do you think been all the volume today?? With the name change some financials are more difficult to get,
They made over 4 million net last quarter and they made 10 mill already for the last 9 months. Do you think they are just gonna make 2 million this quarter? If so don't buy it.
Bob the company states (est)net income of 12.03 million in the feb 2009 slideshow,and the ibox shows more....whats the true number gonna be??? Has guidance been publicly updated ..Thanks BOB...Like this one
http://sec.gov/Archives/edgar/data/1415592/000121390010000681/f8k022310ex99i_artistry.htm
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.
China Redstone Group, Inc. Announces Name Change From Artistry Publications, Inc.; New Trading Symbol 'CGPI'
China Redstone Group, Inc. Announces Name Change From Artistry Publications, Inc.; New Trading Symbol 'CGPI'
PR Newswire
CHONGQING, China, April 7
CHONGQING, China, April 7 /PRNewswire-FirstCall/ --
China Redstone Group, Inc. (OTC Bulletin Board: CGPI) (formerly OTC Bulletin Board: APBS) ("China Redstone" or the "Company"), the largest private provider of cemetery products and services in Chongqing, China, today announced that it has changed its name from Artistry Publications, Inc. to China Redstone Group, Inc. effective April 6, 2010. In connection with this name change to China Redstone Group, Inc., as of the open of business on April 7, 2010, the Company has the following new trading symbol: "CGPI."
The purpose of the name change is to better reflect the Company's position as a leading developer and provider of cemetery products and services in China. China Redstone provides a complete range of funeral merchandise and services, including well-located, highly sought after cemetery property. The Company currently has 94 acres of available land for cemetery development, 80% of which is still undeveloped. Growth for cemetery products and services in China is expected to grow rapidly due to current demographic trends including aging and urbanization of the country's population. China Redstone, which has 10% of the cemetery market and plans to sell at least 5,000 to 7,000 graves annually, expects the new corporate name to more effectively brand and position the Company, its products and services among potential customers, as well as its recognition among current and potential investors.
"China Redstone is well positioned to participate as a leader in the growing death care industry, which was cited in 2008 as the third most profitable industry in China by the Ministry of Civil Affairs of the PRC," stated Mr. Yiyou Ran, Chairman of the Board of China Redstone. "Our new corporate name reinforces our strong position in this industry as we leverage our premium cemetery plots and funeral home services to meet growing market demand resulting in strong future operating and financial performance."
China Redstone Group, Inc.
China Redstone Group, Inc. is a cemetery developer and provider of cemetery products and services in Chongqing, China through its contractually controlled affiliate Chongqing Foguang Tourism Development. 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.
Not an issue at the moment. If you build it, they will come.
Liquidity
If this company can reach 50K in volume, then there should be no longer questions regarding liquidity. If a company, especially new one, can reach a three month average of 50k volume, then liquidity is no longer a problem.
What do you think?
Big seller today down 11% $3.80 x $4.00
Artistry Publications Inc. (OTCBB: APBS) Will be Selling Cemetery Plots in China
Contributed by: Gediminas Jasionis
Date: Feb 19, 2010
Artistry Publications Inc. (OTCBB: APBS, APBS message board) is an emerging new entity following the contractual merger of several companies. Gold Industry Limited, a Chinese cemetery business, was the main entity to be merged into Artistry. Being a holding company it includes three other entities - Holy Golden Industry Limited, Chongqing Ran Ji Industrial Co., Ltd. and Chongqing Foguang Tourism Development Co., Ltd.
The deal, which closed on Feb 12, 2010, results in the Chinese company opersting its cemetery business as a public entity. Accordingly, the company is no longer just a shell and might generate value for investors.
A preview of unaudited financials shows $11.4 million in revenues and $4.1 million in profit for 2009 as well as significant year over year growth on these figures, coming down to 600% and 585% respectively. Cash of $4 million and over $643 thousand in yearly operating expenses draws a promising picture already.
Current market cap is $12.1 million and theoretical P/E is 2.9. 11 million shares are outstanding as of the merger date which calculates to TTM EPS of 0.37 or 0.09 per quarter. Considering other companies generating similar earnings it might trade well above $5 per share if the audited financials are in line with the preliminary ones.
Of course the stock shouldn't be expected to move right away and hit new highs, but some appreciation is possible under high volatility, which surely will come in the beginning.
Chinese authorities hail online funerals
However, it contradicts the Chinese traditional idea of "finding peace by resting in an eternal place", and online funerals may face weak support from China, the report said.
http://www.chinadaily.com.cn/china/2010-03/26/content_9647824.htm
Sounds like burying people is the way forward
rich
Done and now posted.
Volume increasing slightly over the last few days. That's good news that it is climbing. I think the only thing that is keeping this baby down is that the company is not yet known well....wait till the comapny really get's the known...anything can happen.
HELP APBS holders..please just take a second to fill this in for APBS symbol request...the more rquests the quicker they plce it in their data base..
http://stockcharts.com/help/doku.php?id=support:feedback:symbol_request
Thanks! I'll check into it.
"Anyone know of another stock company that has this type of structure? does it work?"
There are several.
A recent higher profile stock would be CCME that operates through contractual arrangements.
Contract: Anyone concerned with a contractual situation between the holding company APBS and the actual operating business Foguan? And the contract expires 2019?
Anyone know of another stock company that has this type of structure? does it work?
TIA
www.chinaredstone.com look at this one. Name change should bring more attention to it. APBS has already made .77 EPS for just the nine months. It will do over 1.00 EPS full year.
Bob
Here's the website to their "contractually controlled affiliate" Chongqing Foguang Tourism Development Group:
http://www.cqfg888.com/en/
-- doesnt have English text except on the menu bars.
Just lurking for now
13.4 million O/S, warrants are included. What I posted on the China board is the EPS expected.
You see that volume spike of 80k shares on the chart.
I was on the bid at 3.60 and they were big blocks going off under my bid at 3.50. Most of that volume was at the open. So they never filled me a single share. Then next thing you the bid and ask was in the 4.00s. I guess MMs swapping, fighting for position.
Anyways, i was on the bid since it started trading. Never got a single fill. My point is that there is probably 10 investors in this right now (if that)...and i haven't told anyone about it. This is ground floor.
Anticipated uplisting to higher exchange within 6 months of Feb 23/10
China Redstone Group name change anyday now
O/S 13.4 million
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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.
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