GC China Turbine Corp. (GCHT)

[Peeb]

News: http://ih.advfn.com/p.php?pid=nmona&article=45685402&symbol=GCHT&cb=1292516730

[Florinda]

"GCHT hit 4 less than a year ago. Now, it's at .60."--mauiguy

Yeah, I was shocked to see it at this price. I owned this 8 months or so ago and fortunately got out without a loss. But I had no idea it collapsed to such an extent. Obviously, I haven't followed it since then, so I have no informed opinion on it. Hopefully someone will chime in here who's been following.

Take care,

Steve

[mauiguy2]

Thanks, Florinda. It's hard to say. That's just one man's opinion, but the graph is indeed ugly. GCHT hit 4 less than a year ago. Now, it's at .60.

[Florinda]

Mauiguy,

Here's a recent post from the Yahoo boards that outlines the problem, or at least the problem as this guy sees it:


Make sure they get the bank loans before you buy any more.

Without the bank loans, GCHT will strange on its A/R and die.

Even with bank loans, the future is cloudy as there are still many questions unanswered on the basic business side.

I can see where you get a base price of $.60 if one simply doubles six month's earnings ($.06) to get $.12 and then apply a 5x multiple, but that assumes:

1) The $.06 is real -- Hard to tell. Until receivables are collected those earnings cannot be realized into cash and without cash GCHT dies.

2) Bank loans -- If they happen at all, how much? Again hard to tell.

Adding in the business risks of two-bladed turbines and GCHT's miniscule size in a very capital intensive business and you have to stand back and take a deep breath.

What GCHT needs to take off is a huge infusion of equity capital; like about $50 million. The dilution there would be terrific, almost beyond imagination as an optimistic pricing for such an offer would be around $.15 per share.

I would not consider purchasing here until around $.30 per share and even then I would make sure I knew it was a gamble. $.15 is probably safe. Assuming some bank funding.

If there is no bank funding, then all bets are off.

Sentiment : Strong Sell --wuhanwillie

http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_G/threadview?m=te&bn=95435&tid=671&mid=671&tof=1&frt=2#671

[mauiguy2]

This 40% drop during the past week has been rather amazing. Any thoughts?

Seems like GCHT might be ripe for a big bounce.

[lovethatgreen]

go to this board.

http://investorshub.advfn.com/boards/board.aspx?board_id=9884

[BigOnChina]

seems the message board has been quiet for awhile. Let's start the chatter again.

GCHT is a stock I'm holding and putting away for a few years. With all the projects they have in the works and the money the chinese government is committing to alternative energy, it won't be long until this company is swimming in cash.

[Stream205]

GCHT: China Turbine news yesterday.



The general market sell off buried some serious good news from GCHT.

This stock hit bottom in the last few sessions and then pulled quite a big rabbit out of their hat.

CCHT was red hot months back but then the news dried up and the stock fell back.

I held some and then bought more yesterday when this news hit.

Another poster yesterday made a point that I agree with.

If they got this money then they are going to get the money from the other very big contracts as well.

I like owning this one going forward.

A nice gift from the recent market dip.

News:
http://finance.yahoo.com/news/GC-China-Turbine-Corp-iw-945801794.html?x=0&.v=1

Website:
http://www.gcchinaturbine.com/

[texastimer]

This company is going to hit it big! They are going to hit paydirt in Poland and the potential in Mongolia is on the horizon. They are not just fooling around. One solid contract and they will soar. I am keeping my shares and will add more while it is down.

[1believe]

when is everyone going to see the potential of this and start getting some volume going??? contracts = $$$$

[Florinda]

Thanks for that clarification, Rich. I had not discerned that. Indeed, after reading through a chunk of the 10K, I found the report so singularly dismal that I sold my few shares. Perhaps if LTUS has a nice run with earnings I'll rebuy them.

I'm annoyed with my own sloppiness, but I've watched this thing steadily fall after management participated in two big conferences wherein they obviously did not impress many investors. So with this lack of interest and a 10-K saying they've never made any money and don't foresee for sure that they ever will, together with the fairy tale string of big projects they've supposedly landed but not delievered on, I thought I'd preserve what profits I had left in the investment. So I guess it's time for the stock to take off! It could, it seems, easily double with a positive earnings report. Yet here, too, I thought these companies had to report by today or file for an extension and GCHT has done neither as far as I can tell.

I don't think I'll ever get on top of all this business stuff. But in lieu of that, trying to stay in the green is a concept I can easily grasp. I won't become fabulously rich, but perhaps I won't be working at K-mart either.

Steve

[GorillaGorilla]

Covers 2008 - as was pointed out to me. This covers 2008 not 2009.

rich

[Florinda]

30-Mar-2010

Annual Report

ITEM 6. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION
We are a start-up, pre-exploration stage company, have a limited operating history and have not yet generated or realized any revenues from our exploration activities on our sole property, the VDC Claim.

Our auditors have issued a going concern opinion. This means that our auditors believe there is substantial doubt that we can continue as an on-going business for the next twelve months unless we obtain additional capital to pay our bills. This is because we have not generated any revenues and no revenues are anticipated until we begin removing and selling minerals. Accordingly, we must raise cash from sources other than the sale of minerals found on the VDC Claim. That cash must be raised from other sources. Our only other source for cash at this time is investments by others in the Company. We must raise cash to implement our planned exploration program and stay in business.

To meet our need for cash we must raise additional capital. We will attempt to raise additional money through a private placement, public offering or through loans. Our President has agreed to loan us up to a further $8,007, of which he has already contributed $26,993, on an 'as needed' basis over the coming year which will allow us to pay some of our immediate accounts payable such as auditors and transfer agent's fee but will not allow us to pay our total accounts payable or those expenses to be incurred over the next twelve months. At the present time, we have not made any arrangements to raise additional cash from other sources. We require additional cash to continue operations. If we cannot raise it we may have to abandon our planned exploration activities until we do raise additional cash.

We estimate we will require $44,627 in cash over the next twelve months, including the cost of planned exploration work (as recommended in the Singh Report) on the VDC Claim. We estimate our cash on hand will not allow us to continue in business for not even a month and thereafter we will require our President advance funds to us (up to a further $8,007 as agreed) to enable us to partially finance our operations for the next 12 months.

We have no plant or significant equipment to sell, nor are we going to buy any plant or significant equipment during the next twelve months. We will not buy any equipment until we have located a body of ore and we have determined it is economical to extract the ore from the land.

We may attempt to interest other companies to undertake exploration work on the VDC Claim through joint venture arrangement or even the sale of part of the VDC Claim. Neither of these avenues has been pursued as of the date of this prospectus.

We do not intend to hire any employees at this time. All of the work on the property will be conducted by unaffiliated independent contractors that we will hire on an 'as needed' basis. The independent contractors will be responsible for such work including surveying, geology, engineering, exploration, and excavation. A geologist, Mr. Singh if he is available, will be hired to evaluate the information derived from any exploration work we undertake.

Limited Operating History; Need for Additional Capital

There is no historical financial information about us upon which to base an evaluation of our performance as an exploration corporation. We are a pre-exploration stage company and have not generated any revenues. Further, we have not generated any revenues since our formation on August 25, 2006. We do not presently have funds necessary to enable us to undertake exploration work on the VDC Claim except for the funds to be advanced by our President. We would also like to raise additional capital through equity financing but management has made no decision on this regard. Our business is subject to risks inherent in the establishment of a new business enterprise, including limited capital resources, delays in the exploration of our property, and possible cost overruns due to price and cost increases in services...."

http://biz.yahoo.com/e/100330/gcht.ob10-k_a.html

[sahd3g]

GCHT looks ready for an oversold rally/bounce. ZBB too!

[Florinda]

There's lots of recommendations on the CGS boards - some are more speculative than others. So there is no need to take this gamble and most don't.--Rich

That was a succinct way of putting it! Congrats, by the way, on PUDA coming around.

Steve

[GorillaGorilla]

The other problem I had with GCHT - was that it moved before a news announcement... like 20 - 30% nothing subtle.. so clearly someone already knows what's going on.

That said... if they signed a 3/4 of billion order or 2 then I would shut up and buy like everyone else.

Basically, this is a new varient of a technology and people are wondering if it's going to come together or not.

There's lots of recommendations on the CGS boards - some are more speculative than others. So there is no need to take this gamble and most don't.

rich

[Florinda]

Hi Rich,

Thanks a lot for taking the time to respond. As usual, I found your comments helpful.

It seems we're in agreement that overall SIAF appears to be the better choice. That at least is what I read between the lines in your post. But at any event, it's the conclusion I came to a while back, and why I already have 12% of our port invested in SIAF.

Still, as you know, GCHT could prove to be a big winner. What I'm concerned about, even more so after the 10% drop today on large volume, is that even assuming it's a legitimate company, if their upcoming earnings report doesn't show enough proof of sales, the stock could drop considerably further, or simply be more or less dead in the water until another quarters earnings come out. Not the place I'd want to park our funds. And unfortunately, here at Ihub, Investorsvillage and Yahooo boards, there's not much conversation happening. Perelandra's post #261 back in late January notes that the company was "...estimating revenues and profits of $19.6 MM and $1.5MM respectively (for Q4 09). That is after ZERO revenues the previous 3 Q’s." Yet when I looked at the article from which this data was taken, those figures represent a dramatic reduction from what the company had previously guessitmated the Q4 numbers to be because they weren't able to secure financing to go forward with their plans. The original numbers they'd given were back then were "US$28.7 million and US$4.1 million".

http://finance.yahoo.com/news/GC-China-Turbine-Announces-iw-1115381518.html?x=0&.v=1

Noteably, in this same article it says they expect "to report year end results on its annual report due to be filed before March 31, 2010."

In looking over the Rodman Conference schedule, I see GCHT is supposed to present March 9th at something like 2 pm. That's about 2 hours from now, which means by the open of US markets on Tuesday their presentation will have already been made. The dramatic sell off today on big volume--relative to GCHT--just before their presentation doesn't look encouraging to me. Indeed, is smacks of info getting leaked. But maybe it's people just jumping ship due to the same fears I have about the company's short term progress not living up to their long term projections. Anyway, if you are anyone else gathers information from the Rodman Conference on GCHT I'd certainly appreciate hearing about it.

Thanks again for your thoughts on the matter, Rich.

Steve

to the lack of current day info on GCHT confeestimating that Yet it strikes me as more speculative. Indeed, I hope today's 10% drop wasn't the result of what they had to say at the Rodman conference in Beijing! I saw that they were supposed to present on Tuesday at about 2 pm, which translates to about 2 hours from nowbut I don't know how that translates intothe timeframes(The 10% drop on big volume was no funI've come tos it is, I already have 12% of our port invested in
SIAF. position in our port. Yet having a 12% position already, and thinking that things could turn out very well for GCHT if they can execute all their contracts, I was hoping to hearAs it is, I have 12% position in SIAF already, and, as this suggests, feel it has overall better prospects it has closer at hand prospects and potentially excellent long term prospects. Yet, clearly GCHTtend to think if the rumor about Belmont selling out is true that the stock will appreciate

[GorillaGorilla]

Hi Forinda,

Well as we know the Chinese gov would like china companies to challenge the world in alternative energy - they would also comitted to reduce the carbon intensity of Chinese produced energy. GCHT have some impressive MOU's I'm not sure if they are binding documents (others may know this) - I would say that *probably* GCHT will be a good story.

SIAF - we know that agriculture is the most important focus for China going forward - they need to be able to feed the people without importing food and they need the peasants to become richer to deal with disparity between the rich cities and the poor agricultural region. We also know that the food industry in China keep managing to posion their clients, not a clever move.

Assuming, as I would say with any company, SIAF is legitimate I think it will make money - they have given an EPS target - most companies just give a net income target - the point being that dilution is around the corner.

If GCHT story comes true it will do very well. SIAF looks like it has the numbers to back it up now - 80 cents in 2012 is an $8 stock at P/E 10 - 4 times your today money. If they are also still growing then perhaps they deserve higher P/E. Personally, I prefer SIAF now. But events could change this.....

Oh yes, the only wrinkle in the SIAF story is there is a big SIAF seller in a relatively small volume stock... the rumour being Bellmont (a financier) is selling stock... but hey that's why it's cheap at the moment. IF this is true and he clears out the way... we get the uplisting to OTC in March / April... things should start rocking... Investing is never easy

rich

[Florinda]

Hi Rich!

Excellent summary on that linked post! Thanks a lot. I noticed, though, that the post you linked us to was from back in November and I seem to recall that you sold out of your GCHT position earlier this year when the share price was noticeably higher. Are you back in now? Or is my memory on the blink again? I believe you said you were concerned about how they were going to fund things going forward.

I'm out of money and therefore scrutinizing our port for possible sells. I'm tempted to shift my small position of GCHT over to SIAF since it seems the latter is apt to come off of the pinks relatively soon and then aggressively seek a Nasdaq listing. It also seems SIAF has more of a proven track recorded than GCHT. Still, GCHT keeps signing new agreements and will be presenting at the Rodman conferenece next week. Are we to expect some earnings by 3/15? I believe their first turbines were sold in Q4. Have you or anyone else worked up a recent guesstimate for what their upcoming earnings might look like?

Thanks again. I hope you're well.

Steve

[GorillaGorilla]

here you go....

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=43525986

rich

[onthepath]

I have a question. What is the relationship between this company and Nordic Windpower. Both are using the same technology from Sweden. Has one company pirated the technology from the other ?

[1hothand]

no disrespect, but if you bet the farm on GCHT, why wouldn't you sell 25% of it if it doubled. Jeez, seems like greed gets the best of the trader.

[onthepath]

This is going to be a $30-$50 stock in 3 years. I calculate about 2 billion in revenues for upcoming projects. I think this stock is still new and very much undiscovered. Once the revenues this year start a substantial increase, others will notice. I am looking for a $5.00 stock by the summertime, but I wont sell. Too much opportunity here, too many good connections the company has. Too much a competitive advantage and exceptional management in disclosure for an otcc company. I bet the farm on this one.

[Perelandra]

GCHT has got a great story and a great future - IMO - front page story on my blog site: http://investorsoup.com/2010/01/going-to-china-with-gc-china-turbine-gcht/

[Stream205]

Interesting pic:

Not GCHT specific but quite a pic for anyone interested in wind energy.

http://www.popsci.com/technology/article/2010-01/wind-turbines-leave-clouds-and-energy-inefficiency-their-wake

[BiotechValues]

Added again today and will continue to buy over the next few weeks.

Big time potential here-

[Derek ops]

finally got my fill at 2.75 today

[sahd3g]

$2.99 on the ask, might punch thru $3 and spike higher this AM???

[bUrRpPPP!]

GC China Turbine to Present at 12th Annual Needham Growth Stock Conference

NEW YORK, NY -- (Marketwire) -- 01/06/10 --

GC China Turbine Corp. (OTCBB: GCHT) (the "Company" or "GC China"), a leading manufacturer of state-of-the-art 2-bladed wind turbines, announced today that company executives will present at the 12th Annual Needham Growth Stock Conference on January 14, 2010 from 2:30 - 3:10 p.m. EST. The event will be held at the New York Palace Hotel in New York City

Investors who are interested in additional information or who want to schedule a one-on-one meeting with GC China Turbine Corp. at this conference should contact Jim Blackman at 713-256-0369 or email [e-mail]

About GC China Turbine Corp. (OTCBB: GCHT)

GC China is a leading manufacturer of state-of-the-art 2-bladed wind turbines based in Wuhan City of Hubei Province, China. The Company holds a license to manufacture a groundbreaking technology which meets rigorous requirements for low-cost and high reliability. The technology was developed through a 10 year European research project costing over US$75 million. GC China's launch product is a 1.0 megawatt ("MW") utility scale turbine with designs for a 2.5MW and 3.0MW utility scale turbine in development. The Company's initial efforts have been rewarded with contracts of approximately US$128 million to-date. For more information visit: www.gcchinaturbine.com

Notice Regarding Forward-Looking Statements

[sahd3g]

Sounds like a great travel idea.... GO FOR IT.

Good luck with the investing too!!

HDY news out this am, nothing major, just a cc announcement but those tend to be bullish. Fingers crossed for a big HDY year. I need that!!!

[viking86]

nice to see you finish in first half of marathon at that age. My youngest daughter is also a big marathon fan. She did all the races in San Diego, New York and Boston last year and qualifies for the (corporate) finale in South Africa coming March. We are thinking of going there to support her.

I do like to be diversified but not overdiversified, so this year I have decided not to have more than 20 in my portfolio, with 15 main and 5 in/out. I own most of the ECSC amigos plus names like GCHT, XODG...

[sahd3g]

Well, this past year I did my first marathon at age 47....nad placed in the faster half of the finishers, which surprised me. I also did an intl. distance triathlon a few weeks prior to that. Not to mention a ton of other non market related activities.

When on line, I do spend too much time tracking stocks and new ideas, but it's somewhat of a healthy diversion too...a giant jigsaw puzzle to be solved is one way to view the market...it's a giant brain teaser.

Actually, the more stocks I own, the less I'll need to fuss over losses in any particular stock. I think where I'm heading now is towards more diversification, so I can feel ok spending less time watching stocks during trading hours.

Ultimately it would be nice to check my acct. each evening or once per day. See what's going on. Place some limit orders and let them be, worry free.

[viking86]

only 100 stocks, that should be easy... Holy cow. I own only about 20 China stocks and my wife says I am married to my PC. Do you actually have time to breathe?

[sahd3g]

LOL, no, once I have a free ride position, there's not much to do other than keep an eye on my on line trading acct. streamer...see how the stocks are trading, watch for news, keep an eye on message boards etc. Once they are free rides, the stress is reduced to about NONE. SBAY being a good example this week, NEP last week...those stocks head higher, sometimes I'll cash in some free shares to diversify into some cheaper, riskier, potential up and comers, or simply diversify into some modest stakes of cos. that look appealing.

Of course, when I have a newer swing trade going or some overweight positions...when the streamer comes up with 150 stocks on it, I move the currently most relevant stocks towards the tops view the real time trading action...and I follow the actively trades where I'm seeking a free position pretty close. Not all work out...I have some losers that I still expect will work out... like CGYV, CAAH, CHCG and others.

With any luck, HDY will break out big this year...that's my last overweight position...hopefully my last overweight position for good!! If so, or even if not, I hope to be well over 100 US listed China plays by the next Christmas season! That should be easy!

R

[viking86]

83 China stocks? wow. How do you keep track of them all? is is a 24/7 job?

[sahd3g]

Excellent. I'm only wanting a modest stake of freebie shares to ride long term. $3.60 to $4.25 would be my more near term target range for locking in the stock as profit. I'm still in a phase of getting into as many US listed china stocks as I can...currently at 83. Not bad considering how beaten down my ports were over the past couple years!!

Rebound in progress, so this has been fun.

[viking86]

Agreed. I have a more conservative target of 7.5 to 8 for this year based on Company's guidance of 22.7MM Net Inc. and PE of 20. If they come in with higher earnings, then that's even better. But I do think they will revise the 2010 guidance upward soon.

[sahd3g]

No, I don't know where they got their numbers? Maybe from GCHT, maybe blind speculation/projections? Either way, GCHT should be heading back to $4 with oil prices in the $80's. china is rocking too:

http://finance.yahoo.com/news/China-overtakes-Germany-as-apf-3122529060.html?x=0&sec=topStories&pos=main&asset=&ccode=

[viking86]

WindyStocks writeup: "If we assume that existing business trends continue for GCHT, a revenue figure of $275-300 million for the next 12 months seems like a conservative estimate. Given the price to sales ratio of 2 inline with its peers such as A Power Energy Limited (APWR), that gives the stock a potential market cap of approximately $600 million or about 3.15 times its current market cap. Consequently, a price of $9-11 is a reasonable valuation for GC China Turbine based on these parameters."

Compared to Company's projected rev. of 88.8MM and 210.6MM for 2010 and 2011 (Slide 26 of their Corporate Presentation), the above projection seems high. Not sure what they base that on. Any comments?

Re. next conference: Yes, they are going to present next week Jan 14 at Needham Conference. Their last presentation (Nov. 09 I think) was well received and PPS went up appreciably.

[sahd3g]

Thanks, great stuff, I had not seen that yet. A very nice tailwind for GCHT. Doesn't GCHT present to US investors this week. Some new institutional buying could take us right back up to $4+ imo.

[Argyll]

China amends renewables law to increase clean energy use

BEIJING, China 1/6/10 (PennWell) --

China has amended its renewable energy law, requiring utilities to buy all the power produced by renewable energy sources such as hydropower and wind.

The new measures were passed by the standing committee of China’s legislative body as an amendment to the 2006 renewable energy law, state-run media reports indicate.

The amendment forces state-run electric grid companies, responsible for distributing electricity from power plants, to buy electricity generated from renewable sources even when it is more expensive.

Power enterprises that do not comply will face fines based upon the loss of revenue caused to the renewable energy companies, state-run media reported.

China relied on coal for about 70 percent of its total energy last year, with renewable energy sources accounting for about nine percent. China’s goal is for renewable energy to account for 15 percent of its total energy consumption by 2020.

Under the amended law, the Chinese government is required to set aside a fund earmarked for renewable energy research. In addition, the government will finance energy projects in rural and remote areas.

http://news.xinhuanet.com/english/2009-12/26/content_12706612.htm

[sahd3g]

GCHT $9 to $11 price target.

http://windystocks.com/energy/

Article notes GFRE.... (worth noting that a Nasd. listing is pending for SBAY, which can easily double with the listing.)

GFRE was one I bought pre split for about .55 per share.

[sharescams]

AAPH is currently being pumped on the trade2win.com site, also CYNX being pumped by the same person.

http://www.trade2win.com/boards/us-stocks/82080-aaph-news-onward-upward-2.html

[sahd3g]

Looks like GCHT is about to really FLY up.

50 day mov. ave, upper bollinger band...both are about to fall by the wayside. Little resistance above...couple levels before $4 prints again.

$4+ just a matter of time...I'll be riding on a modest stake of free shares for the long haul with GCHT constantly on my streamer til further notice. Other opps. will come along to increase positions if this trade works.

http://stockcharts.com/h-sc/ui?s=GCHT&p=D&yr=0&mn=3&dy=0&id=p05116244578

[sahd3g]

Agreed. GCHT to $4 again!! Go babe.

Very bullish action today...stronger than bear's breath. :~)

[ihtblr]

This could explode anytime..

[sahd3g]

$3.50 would be NICE.

I'm trying to keep my bets smaller and diversified...so I think I'll just stick with the GCHT I already have, albeit underwater a bit. But once this one starts rallying...it really moves fast and ruthlessly.

[kuwlness]

Chart says it's go time. $3.50 next stop:

[sahd3g]

Buy confirmed today per americanbulls, fwiw....

http://www.americanbulls.com/StockPage.asp?CompanyTicker=GCHT&MarketTicker=OTC&TYP=S

[BiotechValues]

Took a re-entry starter today.

Oversold.

Very oversold.

Plan to keep this as a 2010 core position and will add accordingly.