GeoInvesting Special Situations

[white_tiger]

ADFT looks like a compelling opportunity.
http://geoinvesting.com/companies/adft_adfitech_inc/research

[white_tiger]

ORBT seems worth tracking:

http://geoinvesting.com/companies/orbt_orbit_intl_corp/research

[white_tiger]

Special Situation SPEB looking good. Upisted and interview on CNBC.(Symbol now SPB) hoping ccme and pmug follow suit. looking at acuz too.

Maj
GeoInvesting.com

[white_tiger]

Fernando,

Take a look at CCMM. Warrants indicate bullish sign???
http://geoinvesting.com/companies/ccmm_charter_communications/research

[white_tiger]

Yes. I tend to agree. I am still going to track progress.. In case they beat guidance.

[tika1]

Merger approved but company does not seems as promising as CCLTF, CFQCF and AERCF.

Again warrant strike price is $8. Tech. stocks are very hard to predict though.

[white_tiger]

Checking if hmaqf/HMAWF Business combo was approved.
http://geoinvesting.com/companies/hmaqf_hambrecht_asia_acquisition/research/blank_check_activity/0023966

[dynodino]

Maybe I can take your spot at the Roth conference.
I tried to attend but it is by invite only.
I live in San Diego so it is about an hour drive.
Dean

[white_tiger]

Thanks for checking in.

This is where we can hopefully find some gems.. Concentrate on stocks rectifying liquidity/growth issues, selling under book

[white_tiger]

IN the process of setting an interview up. If you have EPS doubling this may some legs. But this space is getting crowded.

[white_tiger]

I need to see what they gave up to close the buiness combo. Maybe they need to recapture those funds? The dilution schedule is due to shares issued per incentive allocation targets. Not sure i will make ROTH. I had hoped to, but schedule may change..

[white_tiger]

Thanks. on my list for further DD tomorrow. I wouild like to see prepare 2009 proforma quarterlies and see what comps look like.

[bUrRpPPP!]

Great board idea...Marked!

[tika1]

White_Tiger (CHHE):

Thanks for finding out CHHE. I am really impressed for your ability to find diamond from coal.

I am expecting their EPS will rise another 50% by next year when they complete that deal. Good growth and cash flow ( I stopped investing in china biopharma stocks because of AR problem but this one seems different).

Thanks.

[systrader]

AERCF

Why do you think they would need money? They are a service business that doesn't have heavy capital expenditures like manufacturing equipment, inventory or a need to purchase raw materials.

They are presenting at the Roth Conference in Dana Point, CA on Wednesday the 17th so if you're going to be there, you probably could ask them about why they have such a heavy dilution schedule.

However, I do like the increasing growth of their business.

Asians absolutely love to gamble and I can see the potential for Macau and their new South Korean venture to keep gaining in revenue.

[ratobranco]

CCLTF - I think they can grow revenues and net income at 30%. According to their current guidance, they are projecting 31% growth in net income from 2009-2010.

But on a per share basis, 30% will probably be out of reach, because the management will be awarded about 1.2M shares for their performance if they meet the targets.

[white_tiger]

I am still in DD process. But make goods do exist that make this a story worth considering. I bought the warrants before the business combo and have bought more. I think dilution may be the problem here. I get the sense they may need
raise money. investor presentation

http://sec.gov/Archives/edgar/data/1417754/000114420409060240/v166615_ex99-1.htm
Maj

[white_tiger]

I am considering it. Fernando and I were not originally overly excited, but down here it warrants a cloer look. I always liked the warrants. Do these guys have a chance to grow EPS at 30% in 2010?

Maj

[systrader]

AERCF

Hey Maj, I noticed on the CGS board that you liked AERCF.

What's your take on it? What do you like about it?

It's seriously undervalued if the strike is $5 and the common is trading at $ 9.40, but there is no float so I don't think the share price is a true representation of what the common is worth.

Thanks.

[ratobranco]

CCLTF - China Ceramics

I think it should be a geobargain, or at least a geospecial.

Here is the presentation that they gave at Rodman last night. I was originally tipped off to it last week by Fernando.

https://webspace.utexas.edu/bdp366/CCLTF_Corp_Presentation_Final.pdf

The company's name is Hengda Tile.

Here is the website:

http://www.hengdatile.com/

Currently the trailing P/E is about 2.9, with a 4 year CAGR of 25%.

They announced last week that they exceeded their previous 2009 revenue guidance 129M v. 126.6M.

http://finance.yahoo.com/news/China-Ceramics-Co-Ltd-prnews-1794471604.html?x=0&.v=62

They report earnings Mar 29.

There are 8.95M shares O/S, with 5.7M owned by insiders. There are 15.5M warrants, and another 8M or so in escrow that are reserved for the insiders if they meet various net income targets over the next few years.

The warrants strike at 7.5 and expire in 2 years. They are anti-dilutive at current prices. If the stock goes to 10.00, and you account for the warrants with the treasury stock method (warrantes get exercised, and the company buys back shares with the cash), the P/E will be roughly 5 (at 10.00).

The shares in escrow are set to be released per a formula that ensures around a 12-17% EPS growth rate given the added dilution.

Personally, I find the stock extremely compelling at these levels, and have been accumulating all that I can below 7.00.

Upside catalysts are:

1) Mar. 29 Earnings and Press Release (should be positive, and will further increase visibility)

2) Uplisting (which they are actively pursuing)

3) Massive room for P/E expansion. You could double the PPS right now and the stock would still be significantly cheaper than most china small caps on a trailing P/E basis.

Risks are:

1) Exposure to the chinese real estate construction market. Note that as tile producers, their revenues are more exposed to the low-priced end of the market, whereas the bubble is in the high-priced end. The low-priced end of the market is a good investment, as there are still hundreds of millions of agrarian peasants in China that will migrate to urban dwellings over the next 10 years.

2) Warrant overhang.

GLTA.

[white_tiger]

anyone follow cvu?

[Drexion2004]

Nope, i'm waiting on the 6k outlining the terms of the agreement =).

-Fernando

[white_tiger]

Anyone discuss this yet:

BBV Vietnam S.E.A. Acquisition Corp. (OTC Bulletin Board: BBVUF, BBVVF and BBVWF) announced today that it has signed a definitive merger agreement with Migami, Inc..

About Migami, Inc

Migami, Inc. licenses drug-delivery systems and technologies to pharmaceutical companies for international distribution and develops and distributes anti-aging cosmetics world-wide, with a special emphasis on Asia.

Need info on Migami

http://geoinvesting.com/companies/bbvvf_bbv_vietnam_sea_acquisition_co/research

[white_tiger]

Correction: "Appears to have an EBITDA per share of over $30"..

Should read:

"Appears to have a value based on EBITDA per share of over $30."

I was basing this on past Telecom restructuring plays that occured post-internet crash. Still doing the DD, so the verdict is still in the air.

Maj

[tika1]

Added to my fav. Hope I can find some sleepers and share with this board.

[white_tiger]

Good to have you hear. Hope we can find some sleepers ..

[Traderfan]

Regarding TELT from Maj.....



Actually, I own a bunch of TELT. Unfortunately i was never able to interview them. And no guidance. What we really need to see is a sequentially higher fourth quarter. I will try and give them a call again next week. This has the chance to be a huge one if they can pull off a nice quarter. If they can get to positive shareholder equity, that is an immediate lift in value. One clue of a bright future is that they just upgraded facilities.

I have had TELT as a GeoSpecial for some time now.

http://geoinvesting.com/companies/telt_teltronics_inc/research

http://geoinvesting.com/companies/telt_teltronics_inc/alerts

http://geoinvesting.com/companies/telt_teltronics_inc/geowire

[white_tiger]

TraderFan,

Can you post the TELT info in here that i sent you?

[joenatural]

Glad to see this new board and looking to participate as much as possible. Thanks Maj.

[KurtNYC]

welcome Maj

thanks for the emails before, new site or not
great to have you here. Boardmark added on day 1.

- Kurt

[lostmyballs]

Will look into it.Thanks

[white_tiger]

Also take a look at CVU, BOFI and IEC on my site.

Here are some more articles.

http://geoinvesting.com/geowire/

[white_tiger]

As far as special situations go.

I just publised my thougts on SPEB:

http://geoinvesting.com/companies/speb_spectrum_brands_inc/research/special_situations/0023924

Writing something on PMUG soon which just completed its restructuring. Appears to have an EBITDA per share of over $30. But i need to peform DD for dilutive scenarios. I made some good money after the internet crash in similar plays in the wireless telecom sector. At the time i used a valuation metrics of 5 to 7 X EBITDA. Take a look at the history of MetroCall back after in exited chapter 11. There were about 4 others too i am trying to dig up. I also need to observe what the current valuation assumptions should be.

[lostmyballs]

Im 28 out of 30 positions in china other the two are ... CKSW and DJSP...Open to semi-speculative U.S. plays .What you got ...Maybe i should just go to your website..

[Traderfan]

Hi Maj, great board. Will definitely visit it as often as possible.

PS: Did you ever look into TELT.ob?

[BiotechValues]

Hi Maj.

Just marked your board and look forward to your posts and analysis.

Gary

[dynodino]

I enjoyed talking to you.
I hope you get your new web site up and running soon.
I miss those news and earnings updates.
Congrates on this new message board.
Dino

[Drexion2004]

Gotta start somewhere =) Added it to my favorite's list.

-Fernando

[white_tiger]

Thanks for stopping by. Not sure how active this board will be. These opp are limited.

[lostmyballs]

I want the first post after you

[white_tiger]

PMUG and SPEB look like compelling restructuring plays. PMUG might be a home run. Both Need more DD.

White_tiger, GeoInvesting