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$ALYE Churned second highest volume day of the year, 51k, closed up 44.69%, closing pps .35 w/ a HOD at .748
QB cert. renewed and profile updated... 13.8 million o/s, Approx. 63.47% insider owned
http://www.otcmarkets.com/financialReportViewer?symbol=ALYE&id=184471
Last balance sheet and revenues... (shown in thousands except shares...)
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12379680
$ALYE Level 2 screenshot:
Anyone following $ALYE I have an update ....
They closed Friday with a market cap of a mere $2.7 million.
Their last reported assets are $36 million with liabilities at $9 million... an eps. of .03+... and revenues up over 25% YOY for the 9 months ending in Sept. as reported at just over $11.1 million.
With 13.8 million confirmed outstanding common shares, that gives them a current A/L book value of $1.95 pps minimum and, an EV/E value of $7.35.
The stock is currently in way undervalued territory. Not oversold territory but undervalued (big difference). In my book this is a buy.
I've established an open line of communication with the company and can honestly say, they are straight forward, honest, very professional, and not giving away any hints that would start rumors. In other words, not your everyday run of the mill pink sheet.
Their management team, numbers, and filings speak for themselves and they are more than happy to answer any questions pertaining to them:
Website: http://www.alyenergy.com
Phone: (713)-333-4000
Email: alya@alyenergy.com
There was a three part internal restructuring that was successful. They created a preferred placement including officers and directors. These are the only preferred issued and outstanding and details are in the filings under Note 3.
This restructuring helped them avoid BK and abled them to create close to $27 million in current common shareholder equity all while growing the business and not disturbing everyday operations.
7 Insiders currently own 55% of the current 13.8 million shares outstanding. That leaves only roughly 6.2 million shares speculatively floating.
Currently on the L2, there are approx. 40k shares available under $1. 50-60k in volume could send this Monday upwards to 400% and the charts, filings and numbers have the proof to support the pps increase. The strength to create a new support level close to if not at a $1 is definitely there.
What I think needs to be pointed out, is the management are not the typical 'hustlers' found running pink sheets.
The founder already built up and sold one industry related company for $1.1 billion. He also built up $ALYE from just over $250k to well over $36 million in assets in less than 5 years.
The CFO, also the founder's daughter, was previously employed at her father's business that sold for $1.1 billion (Allis now known as Archer) and has been with $ALYE since becoming publicly traded in 2013. She was an investment banker in the Financial Restructuring Group of Houlihan Lokey Howard & Zukin and graduated summa cum laude with a degree in Business Economics from the University of California at Los Angeles in 1997.
http://www.alyenergy.com/corporate-governance
The CEO work as co-head of The Energy Group at RBC for ten years. He gave up that job to run ALYE.
In a private email I got, I was asked 'why?' I'm giving up a stock like this on a public stock forum.... straight up... it needs volume... once volume starts coming in, I won't have a problem adding over $1 as I see this company worth several dollars a share within the next year or so.
After speaking with the company, I concluded they are in a well deserved 'quiet' period after close to 18 months of a very successful internal restructuring. I see this as an opportunity to enter the stock at rock bottom prices before PR's start as early as March when the 10-K comes out.
Best of luck and HAPPY HOLIDAY'S!!!
$ALYE Recap - News will send this flying.
From Sept to Nov they brought the company SEC compliant after a brief spell of falling behind. The CEO/Founder stepped down after initiating the internal restructuring plan and following through on it. He did a great job.
- There's $36m in assets, $9m in liabilities, .03 eps., 13.8m o/s and still filling orders under a $1 pps.
- Reflecting book value of $1.95, (fully diluted est. $1.45), and ev/e value of $7.35
- The new CEO came right over from RBC, he was co-head of The Energy Group for ten years. (Huge green flag for him to give up that job to head up ALYE)
- 10-q disclosed there's already acquisition targets to expand business and grow revenues
- Revenues up almost 25% YOY
Everything done here except the PR campaign to really get the volume to come in...
$ALYE
http://investorshub.advfn.com/Aly-Energy-Services-Inc-ALYE-32780/
http://www.alyenergy.com/
$ALYE - Next Oil Play to Explode ...
- Completes successful internal restructuring
- All SEC filings brought current in Nov.
- Assets: $36 million
- Liabilities: Only $9 million
- Outstanding shares: 13.8 million (close to 80% insider owned)
- Enterprise Value/EBITDA (Takeover Value): $7.35 pps
"Aly Energy Services and its subsidiaries provide equipment and services essential to the drilling and development of oil and gas resources, including mud delivery, solids control, fluid management, and directional drilling and measurement-while-drilling services. The Company serves the Permian Basin (in Texas and New Mexico), Eagle Ford Shale, Utica Shale, Marcellus Shale, Woodford Shale, Granite Wash, Mississippian Lime, and Tuscaloosa Marine Shale. ”
The following link provides a map of the Basins nationwide they do business in. http://www.alyenergy.com/about
The company was started in mid 2012 and was SEC compliant by March of 2013. Between March of 2013 and September of 2017, the company has grown their asset base from $293k to well over $35 million with current liabilities at $8.9 million.
Their YOY revenues for nine months ending Sept. of 2017 have increased by just over 25% as reported at $11,179,000 with an eps. of .03.
Founder, Micki Hidayatallah, also founded Allis-Chalmers Energy Inc. (ACEI) in 2001. In 2008 ACEI was named by Fortune as the 3rd fastest growing company in the USA, ranking #1 in revenue growth. Mr. Hidayatallah later sold the company for $1.1 billion in 2011.
Mr. Hidayatallah, being in his mid 70’s, stepped down around May of this year. Shortly after the company became delinquent in their filings and the opportunity to enter at rock bottom prices opened.
Between September and October of this year and since the company appointed Mr. Shauvik Kundagrami as CEO, the company has again become current and SEC compliant.
Mr. Shauvik Kundagrami has been Chief Executive Officer at Aly Energy Services, Inc. since May 01, 2017 and serves as its Director.
Mr. Kundagrami also served as co-head of the energy group at RBC for the prior 10 years. https://www.rbccm.com/en/about-us/history.page
http://www.alyenergy.com
$ALYE Filings Highlights:
During the three months ended September 30, 2017, the average U.S. land-based rig count was over 900 compared to approximately 450 for the three months ended September 30, 2016. The substantial increase in rig count was heavily concentrated in Texas, particularly in the Permian Basin, and our operations in Texas expanded significantly year-over-year.
Micki Hidayatallah, the Chairman and CEO of the Company stated: “In 2016, Aly Energy felt the impact of the greatest and longest recession in oilfield activity in the last 20 years. We stayed true to our vision and survived the intense volatility of the cycle. We initiated a 3-prong strategy of cutting costs, maintaining market share, and preserving liquidity.
We never sought protection from our creditors through a bankruptcy proceeding and, thanks to the loyal support of our investors, a related party was formed to buy our senior secured debt and leases from Tiger. In conjunction with this transaction, we simplified our balance sheet through the conversion of all outstanding preferred stock, subordinated debt and contingency payments into common equity. Today, all of our debt is held by a related party and we have cash in the bank to meet our commitments in 2017 even if we do not see further improvements in the market until 2018. In 2018, we believe that our customers’ costs will be lowered sufficiently by new technology which will result in increased activity in all forms of drilling, completion and production in the domestic shale basins.
Our long-term business strategy still includes growth through the acquisition of other businesses. Currently, we believe that there are numerous acquisition candidates which would be attractive to us and would add value to the Company and we are considering all of these options.
It is a great privilege for me to be part of the management of Aly Energy and I want to thank the entire management team and all our dedicated and committed employees for their integrity and, most of all, their loyalty. The acquisition of the senior secured debt and capital leases by a related party and the financial restructuring of the Company would not have been possible without the determination and creativity of the entire Aly Energy team.”
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