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it's heading back to its launchpad at .01 again it seems...RSI at 18 is oversold alright
The daily RSI at 18, never saw a so low value...
With a little buy pressure this will fly. But to get buy pressure they must do something.
sure hope so, not sure what they're waiting---I hope it's just timing it for the NSS GC amendment on Oct 15th
we gotta be getting close here, no?
same here, I left him a message at about 2 p.m.
I left a msg with Stephen Rasche...nothing yet
The number he called is the one for Display Technology not the one from Jeko. We should try to contact Jeko's management.
that's odd alright...what happened to their 80% stake of 8.5m o/s before? outsider float should be tiny
Jeko Securities Offerings NYS Register Aug07...http://66.218.69.11/search/cache?ei=UTF-8&p=jeko+international+inc&fr=b2ie7&u=www.dos.st...
I called the number in NY this morning and they said they are not publicly traded. Not the same company we are dealing with apparently. This was the phone number listed 1-800-424-4220.
so IMI Plc owns 80% of the original 8M o/s of DTEK
here's the $6M figure--old data...IMI plc acquires Display Technologies for US$37 million (£26 million) - Further step in refocusing IMI on higher growth markets - 1 June 2001
IMI plc, the major international engineering group, today announces its acquisition of 80% of Display Technologies for a cash consideration of approximately £26 million. Richard Jay, President of Display Technologies and responsible for most of the strong growth in recent years, will retain a minority stake and continue to play a leading role in the further development of the combined businesses. Display Technologies reported turnover of US$56 million and operating profit of US$6 million for the year to 31 December 2000, with net assets of around US$13 million. The cash consideration is payable on completion. IMI has agreed put/call options on the minority stake.
Display Technologies, located in New York, is an industry leading designer and supplier of Point-of-Purchase (PoP) displays in the US and Europe for a wide range of consumer product companies within the beverage, cosmetics and food industries. Specialising in highly creative plastics designs, Display Technologies has developed an enviable reputation for innovation and quality.
IMI's own involvement in PoP has expanded quickly under its US-based Cannon Equipment subsidiary, part of the Drinks Dispense group. Cannon has focused on heavier duty, metal and wire formed solutions for the dairy, newspaper, confectionery and clothing industries, with strong in-house, highly automated manufacturing plants spread throughout the US.
The combined businesses will have sales in excess of US$160 million. Product and market positions are highly complementary, with numerous cross-selling opportunities, not just within the new combine, but more broadly with IMI (most notably with the beverage business).
Martin Lamb, Chief Executive of IMI plc, said: "The Point-of-Purchase market is a US$24 billion business, growing by at least 5% per annum, with a blue chip customer base comprising most of the world's leading consumer products companies and retailers. Consolidation amongst the customer base, particularly in the US retail sector, is driving rationalisation on the supply side, which is currently highly fragmented. IMI is well placed to lead this supply side consolidation in what is a high growth, innovative and high added value business."
http://www.imi.co.uk/media/pressreleases/2001/20010601.asp
Just curious, not doubting your numbers, but where did you find the $6 million figure?
A 15 PE would be a fair multiple, hopefully we can get near $1.
At this point I think that Display Technologies is the new company and Jeko international was unrelated to the Jeko Chinese Company: Display Tech management is the same as Jeko, the address is the same, plus they didn't change the company name after the buyout.
6M$ is the net profit and revenues are over 20M$, so a fair valuation based on 100M outstanding shares should be much higher. Using a conservative PE ratio of 15 should put us at 90m$ market cap which should put the stock price close to $1.
The same applies with Jeko as they have revenues around 30M$.
Once we hear some kind of confirmation we are ready for a nice lift off IMHO.
If Display Technologies financial numbers are right and they have 6M$ per year revenues, a fair valuation of this stock would conservative be anywhere from 0.06 to 0.6 (a 10x multiplier).
The problem here is that we didn't hear anything, plus many impatients are moving on. With the low float and the lack of volumes, even a 10K sell can drive this down a lot. But of course the opposite may happen with a little buy pressure...
As for valuation in both cases (Jeko and/or Display) we are way undervalued down here, that is why I kept adding and hold a big piece of the float. I believe the only reason for current price is the factor of the unknown and this for quite a while now. Most dont have the patience and move on after a while. I am convinced that the risk/return story here is strongly in favour of the patient holders. Once things become clearere this will fly high I have no doubt about that IMHO.
I wonder if they took back the original shares from Jeko since DTEK has been viable all this time since it was acquired by Cannon Solutions back in 2001-2002 as a profitable company---one report indicated a net income of $6M
I'm not sure I completely understand here either?
I thought Jeko purchased 90 million shares last November? Not sure what their role is.
Also, in terms of valuation, the site claims 20.3 million in annual revenue. With an O/S of 98 million, wouldn't that put us at around .21 per share. That is before you a multiple of 10-15, which would put us in the dollars range.
Not quite sure why we are valued at just above a penny?
Very interesting find indeed. So what you think this shell we own will be used for and how does Jeko International fit into this picture? The PR a while back was stating that the shell was sold to Jeko but it took so long or is Jeko merging with Display or something else is going to happen. In any case thanks for your great DD.
correction: IMI Plc has $2.7B in revenues, which owns Cannon Solutions that owns Display Technologies
http://www.zoominfo.com/Search/CompanyDetail.aspx?CompanyID=18891056&cs=QFBIEEwrY&QueryID=18...
It could be bigger since Display Technologies belongs to Cannon Solutions, a IMI PLC company, a publicly traded company in Britain with 580 pps... IMI.L with annual sales of 1.5B british pounds
http://www.cannonsolutions.com/retail_marketing.htm
http://www.imiplc.com/aboutus/merchandisingsystems.asp
http://www.investis.com/finfactsheet/imi/imi.pdf
and the phone works too!!!
that link wasn't there at zoominfo before
Well, the company address and executive names are the same as Jeko! Wow!
Lifegear,
Are you sure this is the same company?
We've seen some odd connections with other companies in other press releases?
Any news is welcome at this point! I've had $$$ tied up here for almost a year!
I could use some good news, especially with the way WNSH has been going for us lately! It would be nice to get some action on either one!
WOW!!!
That means we were wrong linking Jeko Internetional to the Chinese company: DTEK is a US company, and a pretty big one, with more than 40 years of experience with very important clients, and partnered to very important industries in the field!
I think that once this news spread with the float this may fly.
some weird news in pinksheets showing Rohm and Haas will spinoff Display Technologies (Seoul) as a separate company--to infuse $190M for 51% stake
Good question and point well taken.
Question is: Who is selling at these levels?
People who are just tired of waiting?
Very few got in lower than current pps.
Hopefully we get some news soon. I for one am tired of waiting as well, but don't plan on selling until RM is comlete.
I have been adding here for a while and continue to have bids in..This has been a slow cooker, seemingly taking forever to develop. You are wise in buying in before the hype (much safer).
Shares are very thin here and anything below .02 is a giveaway,,imo..Decided to add the other day and waited on the ask at .13 forever with no fill..Bumped it above the ask a bit and it filled in a couple of hours ..(Just my 2 cents)..When this one does go many will regret not being patient here.
both Jeko International Inc and Raven Global Security are mentioned in this page
http://www.fauconinternational.com/index_files/projects.htm
http://www.ravenglobal.com/
Interesting CEO affiliation with Raven Global Security....
Mr. Papazian was appointed the Company's Chief Executive Officer abnd the sole director of the Company.Mr. Papazian, has served as a consultant to a series of homeowners' associations on architectural issues since January 2001. He has also acted as Secretary and Director of Four Seasons Active Adult Communities at Hemet, Beaumont and Palm Springs in Riverside County, California during the past five years. Additionally, Mr. Papazian has acted as Director for Raven Global Security LLC, a company providing business consulting services on issues of international security.
http://stocks.us.reuters.com/stocks/officersDirectorsDetails.asp?symbol=DTEK.PK&WTmodLOC=C4-Offi...
Reverse Mergers that happened today: check out COBN and especially TDWV. I'd be happy with similar gains!
only the Jeko website showing over $30m in revenues which is now inaccessible
could be ridiculously low. Did you see something a couple of months back about this being a $30 million company?
the original insiders were holding most of those shares before Jeko took over 92% of the o/s so the remaining float available to outsiders is much lower imho
Float is approximately 8 million, could fly much higher than a dime with the right numbers!
Did anyone talk to management lately, it really seems that things could turn out any day now. I am loaded and ready... eom
I added some more here... with the low float if a PERTINENT news on the merger does indeed happen this will be flying in dimeland!
six digit volume. Wow! can't remember the last time that happened.
Maybe something finally starting to brew here?
News Again Today...Rohm and Haas Company and SKC Inc form joint venture for flat panel display industry
Wednesday, August 15, 2007 09:45ET
Aug 15, 2007 (M2 EQUITYBITES via COMTEX) -- Rohm and Haas Company (NYSE:ROH), a technologies and solutions company, and SKC Inc, a member of SK business group which runs energy, chemicals, telecomms, trading and services businesses, declared on 14 August that they have formed a joint venture to develop, manufacture and market advanced optical and functional films used in the flat panel display industry.
The new joint venture will allow SKC to spin-off its Display Technologies business into a separate legal entity. The transaction is expected to close in the fourth quarter of 2007 pending approval by regulatory authorities.
Rohm and Haas will invest approximately USD190m in the JV to become a 51% owner and have a controlling interest in the JV, which will be headquartered in Korea.
In total, Rohm and Haas will have invested approximately USD230m to build a new business unit, Flat Panel Display Technologies, within its Electronic Materials group, including the acquisition of Eastman Kodak Company's Light Management Films business earlier this year. Overall sales of the new business unit are expected to be approximately USD350m in 2008.
Comments on this story may be sent to admin@m2.com
(C)2007 M2 COMMUNICATIONS LTD http://www.m2.com
**********************************************************************
As of Saturday, 08-11-2007 23:59, the latest Comtex SmarTrend® Alert,
an automated pattern recognition system, indicated a DOWNTREND on
03-14-2007 for ROH @ $50.50.
For more information on SmarTrend, contact your market data
provider or go to www.mysmartrend.com
SmarTrend is a registered trademark of Comtex News Network, Inc.
Copyright © 2004-2007 Comtex News Network, Inc. All rights reserved.
Public Companies Associated with this story:
DTEK ROH SKCCF
scottrade streamer shows this hit as high as .08 within the past two days???
oh well..if it push the price higher then it's all good LOL :)
pinksheets and knobias have been linking weird news to dtek lately, not sure if it's related
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Display Technologies, Inc.
111-01 14Th Ave.
College Point, NY 11356
USA
Phone: (718) 321-3100
http://www.display-technologies.com
LATEST UPDATED LINK FROM ZOOMINFO.COM ===>>> http://www.zoominfo.com/Search/PersonDetail.aspx?PersonID=-3995011&QueryID=d4c31664-a70a-4c33-af....
Item 5.01 Changes in Control of Registrant.
On November 2, 2006, Century Capital Partners, LLC (“Century”) completed the sale of 90,000,000 shares (the “Shares”) of common stock of Display Technologies, Inc. (the “Company”) to Jeko International, Inc. (“Jeko”), a Delaware corporation, pursuant to a Stock Purchase and Sale Agreement between the parties. After giving effect to the sale, Jeko is the holder of 91.8% of the Company’s outstanding shares of common stock. The purchase price for the Shares was $185,000, which was funded from Jeko’s working capital.
http://sec.gov/Archives/edgar/data/718660/000114420406046155/v057013_8k.htm
Revenues: $20.3 Million
Employees: 250
http://www.zoominfo.com/Search/CompanyDetail.aspx?CompanyID=36133479&cs=QFCJ1pnYQ
Display Technologies is a leading, international designer and supplier of innovative, award-winning retail merchandisers, backed by patents and trademarks in both the U.S. and overseas.
With 40-plus years of experience, the NY-based firm is an industry-leading point-of-purchase supplier that designs and distributes a broad range of displays to Fortune 500 brand marketers and retailers in a vast array of industries-- from beverage, tobacco and food, to pet, automotive, health/beauty, and bulk food dispensing. Striving to meet all of its clients' merchandising needs, Display Technologies has developed strong client relationships and steady growth.
Display Technologies' market leadership is rooted in its innovative design expertise and strong, product-driven strategy, which are unique in the p.o.p. industry. The firm's exclusive TechStocÔ product line features the industry's largest selection of pretooled display and merchandising systems, including Modular Display Racks, Gravity Feed and Spring-Loaded Shelf Management Systems, Endcaps, Serpentine Dispensers, and more. TechStocÔ-- which incorporates plastics, wood, metal and many other mediums-- has a solid reputation for affordable, high-volume, high-quality displays, readily available with a short leadtime. They maximize brand impact, functionality, space-efficiency, and cost-effectiveness, and are designed to market nearly every type of consumer packaged goods sold at retail.
In addition, Display Technologies offers custom capabilities to design and build one-of-a-kind displays to meet any budget or design specification.
With over 40 years of experience, Display Technologies has unparalleled experience in the P.O.P. industry!
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