Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Yes, the information I provided is for a CSGJ company plant. I'm assuming the phone number is current but I haven't personally called.
Thanks...Is that also a company cement plant?...The 1st plant in Dongfang that I posted had the company CEO name with it so it seemed obvious for verification pursuits...
Just throwing out some verification means to pursue when the company posts good results and questions pop up...
Don't see where CRJI has benefitted from posting their good results...
So some early web-walking couldn't hurt ahead of any filings...LJ
Phone number for that plant is not as readily available online, probably due to all product being sold locally.
Are you only curious about that plant due to the kiln issue and permit announcement or others as well? Longkou plant info is easier to find online as they handle exports.
Company Name: Longkou Shuangji Cement Imp. & Exp. Co., Ltd.
Company Address: Caiyuan Xiaoqu, Donglai Street, Longkou City, Yantai, Shandong, China (Mainland) Zip: 265701
City/Province: Longkou Shandong
Zip/Postal Code: 265700
Mobile: 13963844555
Telephone Number: 86-535-8545160
Contact Person: Mr. Tongren Luan
Showroom: http://lkcement.en.alibaba.com
Another search yielded a Ms. Sadie Zhang as the sales manager for Longkou.
Just called the company. They are all in a meeting.
It is the old plant. Theyb have just got permit for the new 2 million tons of plant, which will take 1.5 years to build.
Thanks, back of my mind remembered a mention from one of your posts on that general area...
Older or newer plant?...? production capacity of that Dongfang plant...
Hoping that someone has the ability to register with the site, get the phone #, and verify that it is working...
If it was US then it would have already had a ring-a-ling check from me...LJ
**I need some help on this,
Dongfang Shuangji Cement Plant?...yellow page link for subscribers...
Yes, that is one of CSGJ cement plants.
The CSGJ fall from grace has already landed them in the pink sheets trading venue...
http://www.otcmarkets.com/stock/CSGJE/company-info
The selling which induced a steady price decline prior to the company not filing may have been expected by some sellers...
The company had until March 31st,2011 to file their annual report, 10K, for the 2010 fiscal year...90 days from the end of the previous fiscal year...
The company then had 20 business days of grace period to file the late 10K filing after March 31st, 2011 passed...
Should the company not file their filings and choose to stop filing they have to file a notification of that intent...That would insure the shares held can continue to trade...Billions of shares of companies without any operating history or financial info trade daily on the pink sheets trading venue...
If the company files adequate anuual filings and any late quarterly filings then they are generally moved back to their original trading venue...
Whether the company continues to trade shouldn't be a major worry point,Imo...Look at the I-hub most posted board list, lol, for 3rd party reference of that opinion...
Best of luck on maintaining patience which may be needed even after filings are brought current...LJ
**I need some help on this,
Dongfang Shuangji Cement Plant?...yellow page link for subscribers...
http://www.cementchina.net/ypage/ypalist.asp?dq=22
^^^Is this a company plant?^^^
For sake of discussion, if they fail to file after market close tomorrow, so the stock will trade on the pink sheet. But if they file a few days later, say next week, for both 10K and 10Q for Q1, how long will take for them to re-gain their OTC BB list status? Does anyone here have experience for such a situation?
Lets just hope and pray that they will start taking their filings more seriously because if they get sent to the pinks they will suffer greatly no matter what kind of earnings they crank out.
It was refreshing to hear that you got thru to the CEO. I cant even count how many attempts I have made to contact various China small caps, IR, mgmt, anyone.... All falling on deaf ears. If these companies want their US listed stock to appreciate, they really need to start taking their shareholders more seriously.
malc
Yes, that is what I see it. If they get their act together, with the sector is booming, they can easily make $20 - 25 million USD net earning after they build their clinker plant and their new Dong Fang cement plant.
Thank you. So I guess after this late filing they only have one more strike left and then it's instant delisting. Yikes. Holding all shares and hoping like hell they file tommorrow. Oh, the excitement of it all! NOT.
malc
From what I talked to them regarding that they would file " in the next few days". It did not look like they were lying. I hope that they do file otherwises I would get really sick of these Chinese OTC stocks and companies. We will see.
They were always late filing, but always filed during the extension period before they got "E" except for 2009 when they did get "E", but filed o May 13.
Do you know if CSGJ has any previous "strikes" on their record with the SEC for late filings?
I'd hate too see them get delisted for something easily avoidable if you are half ass competent.
malc
IFRS replacing US GAAP which they should be familiar with .... very good good to hear they are actually responding thank you!.... I have a significant investment (for me...) as I believe in this sector, but am closing in on margin call territory with this performance (or lack thereof)!
You are welcome, Minding. Hopefully they file before market close tomorrow.
They did say that they were interviewing 3 candidates for CFO position. The reason they said for the dealy of 10K filing was because of their accountant was not familiar with US GAAP. Hopefully, the hiring of new CFO would change that.
They also said that 10K and 10Q for Q1 may come out at the same time.
Thanks for your efforts, Northen.
As CEO, he is the one responsible as well as his CFO. For him to be in the dark about such an important matter, even if he was travelling, is inexcusable. This isn't 1911.
Kind regards,
Minding
He did not know the status of the filing since he said that he had been travelling in the last few months. He assigned the job of preparation of 10K filing to his assistant, manager of Mr, Yan.
I talked to Mr. Yan about when we could see 10K filing last week. He said that 10K out in the next few days. I asked whether we could see 10K by last Friday or Monday this week. He said that it would tight. Their grace period ends after market close tomorrow (May 18).
At least he should know when his annual report will be published.
If he does not know it, that would indeed be disturbing. Let us hope he just did not want to discuss it in detail with NL and try to switch the topic to his assistant.
NL,
Did you mean the CEO doesn't know what a 10-K is?
Or did you mean he doesn't know the status of the filing?
Both are very disturbing possibilities.
Or did you mean something else entirely?
Thanks.
Minding
Still have to have a CFO and an accounting firm to review and present financial info...
Does CSGJ have either right now?...
The above question has no relation to the company's business or whether it is good or bad...LJ
Just talked to CEO twice. First time I talked to CEO, he said that he had been travelling and was not familiar with the filing of 10K and asked me to talk to his assistant, Mr. Yan, a manager who is in charge with 10K. I told CEO that I could not reach Mr. yan after calling him several times. I asked CEO to call Mr. Yan and I would call him a few minutes' later. I called CEO 5 minutes' later and CEO said that he could not reach Mr. Yan either. He said that he would contact Mr. Yan for me and asked me to contact him later.
I would expect selling since no 10K so far. Instead, we had 50K shares bid this morning and then another bought at 0.18. I suspect that someone may have aleardy known 10K about coming out. We will see.
Holding stock like this is very difficult when price goes down and they don't file on time. Still 1 more hour to go.
Holding stock like this is very difficult when price goes down and they don't file on time. Still 1 more hour to go.
Has anyone seen 10K yet? The way this stock trading today makes me feel the 10K about to come out soon.
No, 25K was actually filled at 0.165.
The order was just changed to 25K. The person may also read this message board.
I hope so. The person who bids 50K shares at 0.165 right now may know that 10K is coming.
If they want to stay in US market for long run, they will file today.
Northern,
When did you ask that question?
I asked the company when we could see 10K. They said that 10K would be out in the next few days. i don't know whether I can trust them or not. I will buy after 10K out, but not now.
I have a bid at o,16, and don´t know anything about the 10K. If somebody wants to cover his short, he must be higher than my bid.
Perhaps thats to easy, but presently my view.
50K bit at 0.165. I wonder that the buyer knows something about 10K.
Most of that naked short position has not delivered yet
http://www.bloomberg.com/news/2011-05-03/nasdaq-threshold-securities-for-may-2-table-.html?cmpid=yhoo
interesting link, thanks.
Maybe i am blind but i can´t find the 150K short position you mentioned.
If they have only 1 day to deliver, why should anybody build such large short positions which would absorb several days turnover to cover? And they bid price has not moved up the last days to cover quickly.
Short position is not big: http://www.otcmarkets.com/stock/CSGJE/short-sales
But there were about 150K naked short position faled to delivered a few days's sgo.
I suspect that they try to cover today.
if they really file until monday, we should be buying to or be happy with what we have.
did the mm cover his shorts published recently? If so, it must have been otc, I have not seen a lot of shares traded here
Where can we follow up the outstanding short position ?
Probably naked shorts covering today. Too bad to let them get away partially at this price. If CSGJ files today or on Monday, I will trap them.
Haven't found anything to question any of your DD on CSGJ...
So the late filing of the 10K isn't good for spirits...
Actually thought the share conversion period was already past but without any company comment who knows if they were given any grace extension?...
Have to say that if the company is at it appears then the management has had their hands full of fences to leap over the past year...LJ
"Northern, do you still prefer CSGJ to CRJI fundamentals?...LJ"
No, until they file that damm 10K. I have to remind them that they will lose 1.5 million shares if they don't file 10K before Monday next week.
Anyone have any idea when CSGJ will release any financial reports?...if they do?...
Northern, do you still prefer CSGJ to CRJI fundamentals?...LJ
fwiw, China cement demand should be supported by gov't spending for affordable housing projects via the plans that China has been releasing...
China stopped approving new cement production lines in September 2009 for provinces having cement production capacity of 900 kg or higher per person per year. Majority provinces are over that limit. The last new production lines enter service the 2nd half of this year since it takes about 1.5 years to build a new prodcution line. There will be no more new capacity increase from the end of this year. But Chinese cement demand is still increasing, about 7% increase per year. So supply and demand balance thys year and shortage next year and going forward. This is why that you see gross margin improvement for cement producers such as CRJI. CRJI now enjoys over 30% gross margin. It used to be about 15% gross margin. CCement industry in China is going to be very profitable industry.
Cement price in China is still very low comparing the cement price in other countries. The ratio of stell price over cement price in China is 10 to 1. The world average ratio of steel over cement price is about 4 to 1. There is big room for Chinese cement price to increase.
Becasue of low cement price in China, China export cement instead of import.
What impact does the energy price have on the results?
That is the only thing I can imagine to have a severe impact on last quarters earnings.
The technical aspect indeed is worrying me. However in such thin markets I tend to look more into fundamentals than technical aspects (which sometimes clearly is a fault.
Btw, I have been buying to
As I thought, but why is there still a cement shortage in China? Is it as a result of so much building or too few companies or something else?
Do you have any idea why the importing of cement hasn't solved the problem? Hasn't Taiwan, for example, upped their exports to China? (http://www.cementchina.net/news/newslist.asp?sntype=1)
It seems that CSGJ is certain to report well if only because they are a cement company in China where cement is in short supply. Yet they are spending money on that new facility which could dampen their profits. What else could go wrong in your view?
The lateness of the report seems to raise concerns and elevate risk. Is that due simply to the CFO issue?
Lastly my technical reading of the chart doesn't indicate CSGJ has bottomed or is ready to move up. In fact it would seem you were the primary buyer the past two days!
All this chatter on my part (and the research behind it) has repeaked my interest however. Thank you for that.
========================
Concerning UUU, their cash position improved in 2010 but their year on year net income fell 425.68% despite a 115.04% increase in revenues. Of course that can happen with mining companies.
However the outlook for the uranium market, while rebounding 20% in the last few days, seems pretty gloomy for the foreseeable future.
Kind regards,
Minding
Oh yeah, forgot the link to peruse pricing...LJ
http://www.cementchina.net/trade/trade.asp
Thanks for the reply...believe it or not, I have been attempting some research...
And will share a couple of links of interest for viewer interpretation...
yellow pages?, sign up for more info link...
http://www.cementchina.net/ypage/ypalist.asp?dq=22
from the website at...link...
http://www.cementchina.net/index.asp
If I were to speculate on the company pursuing additional listing on the new lower tier China exchanges being promoted, it would only be baseless speculating...
The company didn't post their 10K on time...They might think the current US market environment for China companies doesn't warrant any haste on their part...
Gas prices have risen too high and done so very quickly...
That is one thing most of us can fret over with cause...LJ
Followers
|
49
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
2140
|
Created
|
10/01/07
|
Type
|
Free
|
Moderators |
China Shuangji Cement Ltd (CSGJ)
Company website:
http://www.shuangjicement.com
| ||||
Our mission at China Shuangji Cement Ltd., is to become the Number One provider of the highest quality cement manufacturing in Shandong Province , People's Republic of China. Company Address:221 Linglong Road For all investor questions or concerns email investorrelations@shuangjicement.com For product or customer inquires please email info@shuangjicement.com
We are excited to be on the verge of becoming one of the largest producers of high-grade bulk cement in China. |
Since the Company was founded, our focus has been on integrating the technological innovation into the process of enterprise development. Over the years, the cement industry has become more complicated and the degree of market competition is intensifying. Our staff has gone through the hard struggle and has made this Company bigger and stronger than ever. We owe these achievements to the concern and support from all our staff, shareholders and the community. For this I sincerely extend my most respectful and heartfelt thanks to all those who have supported and contributed to Shuangji’s development. The Company is in the new historic development stage, in particular since we became a listed company on the OTCBB/NASDAQ. We will continue to do what is necessary to establish strong corporate governance, in order to protect the interests of the Company and all shareholders. With the support of all our shareholders, and the combined efforts of the Board of Directors, management and staff, I firmly believe that Shuangji is blessed with a very promising future. PresidentWenji Song Some of our strengths and capabilities of our core services pertain to availability, quality and dependability. These include always providing bulk cement that is top quality, reliable, and dependable. Our greatest service strength is our commitment to manufacturing high-grade bulk cement at a level that exceeds the performance of the competition. It is because of our strengths that we will be able to become one of the Top 10 cement manufacturers in China, and be able to compete on a global scale with international standards.
We are strategically positioned in such a way as to take full advantage of all the technology available. Management has determined that state of the art of software and appropriate hardware will be implemented whenever necessary to ensure proper client fulfillment, as well as business organization. In particular, the company will be focusing on new technologies for implementing and maintaining international standards for high grade cement- the ultimate barrier to competition from smaller companies. |
News Releases:
Recent News | ||||
Date | Time |
| ||
10/14/2009 | 10:11AM | China Shuangji Cement, Ltd. Retains Hampton Growth for Investor Relations Services | ||
10/06/2009 | 12:43PM | Current report filing (8-K) | ||
08/19/2009 | 3:38PM | Quarterly Report (10-Q) | ||
08/14/2009 | 12:07PM | Notification that Quarterly Report will be submitted late (NT 10-Q) | ||
06/17/2009 | 4:01PM | Current report filing (8-K) | ||
05/13/2009 | 8:32AM | Annual Report (10-K) |
SEC Filings for China Shuangji Cement Ltd (CNSJ)
Can be found at : http://www.otcbb.com/asp/Info_Center.asp under the symbol CNSJ
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |