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642,000 shares sold at 0.32 cents - someone is leaving the party. And taking $2,000 as a prize!
Is this the end of the road for txhg? There is zero chance of profit for at least a few years, will Buck continue to loan money to the company? What's the point??
It is hard to see how txhg will ever be worth anything. May as well close it up now.
Buck, are you still propping up the share price? If so, why?
It really is going big...
Whole loss is just around the corner imo...better odds on euro millions.
Time will tell. It might be whole loss or ?
Maybe there is hope yet for the bag rack...
I wonder if tx will survive long enough for the possible reversal of the clean energy pact, which will most likely take years for Trump to put through Congress.
All tx has to do thereafter is wait for the coal industry to improve (another few years), then increase their customer base by 500% (another 5 years if it's even possible), then we could see a share price of 5 cents if we are lucky.
The chance of trump winning is about the same as the likelihood of 'the bag rack' taking off.
Let's face it, after 12 years and many dollars, tx holdings has managed to go nowhere. It feels like one failed attempt after another - I spent years talking to Buck about the oil business, which he was convinced would eventually take off ; I then spent years talking to Buck about the Neuhaus court case, which he was convinced would result in Tx receiving millions in damages - he ended up getting less than the cost of the court case, and having to leave Neuhaus with millions of tx shares; I then spent years talking to Buck about the new coal business, which he was convinced would make tx a multi million dollar company - after one year of profits, the revenue has gone lower and lower, and currently the business is nowhere near breaking even each Q. The last straw for me was the bag rack, which showed to me Buck is living in a separate reality - it is actually comical to think he was talking about this new arm of the business bringing in millions. What's the latest sales figures? Maybe 5 sold??
This company will soon be on the scrap heap, and I will be glad to see the back of it.
30k shares sold today at 0.1 cents, looks life the end of the road for this stock. It's a shame, this could have turned out so differently if the coal industry had not imploded.
It'll go big for sure.
Trump wins this goes up big
ASHLAND, Kentucky – January 25, 2016 - TX Holdings, Inc. (OTC Markets PINK: TXHG), a supplier of mining and rail products to the U.S. coal mining industry, today announced financial results for its 2016 first fiscal quarter. During the 2016 first fiscal quarter, the company reported quarterly revenue of $782,265, a 22.1% increase when compared to the same quarter in the prior year. Net income for the first quarter of fiscal 2016 was $30,632, an increase of $175,915 when compared to a net loss of $145,283 for the prior year.
Mr. Shrewsbury, the company’s CEO and Chairman, stated that
“We are pleased with our quarterly results, especially since this is the first recent quarter in which we have reported net income. Considering the continued weakness in our industry, we have focused on expanding our customer base and introducing new product lines, while at the same time keeping our costs down and controlling our overhead. Based on the simple fact that our industry is an important and integral part of the U.S. economy, we are optimistic that our industry will recover and we are well positioned through our products pricing and quality and low cost structure to fully participate and remain profitable as we continue to grow our business.”
First Fiscal Quarter of 2016 - Financial Summary
Revenue for the three months ended December 31, 2015 was $782,265 as compared to $640,788 for the same period in the prior year, an increase of $141,477 or 22.1%.
Cost of goods sold was $543,846 as compared to cost of goods sold of $523,346 for the same quarter in the prior year, an increase of $20,500 or 3.9%.
Gross profit for the quarter ended December 31, 2015 increased as a percentage of revenue from 18.3% to 30.5% when compared to the same period the prior year.
Operating expenses for the three months ended December 31, 2015 were $174,254 as compared to $237,250 for the three months ended December 31, 2014, a decrease of $62,996 or 26.6%. Commission expense was $27,831 compared to $40,573 the same period in the prior year, a decrease of $12,742 or 31.4%. Other operating expenses decreased by $31,136 or 20.2% compared to the same period in the prior year.
Income from operations for the quarter ended December 31, 2015, was $64,165, when compared to a loss from operations of $119,808 in the same period in the prior year.
Net income was $30,632, compared to a net loss of $145,283, incurred in the first fiscal quarter of 2015.
At December 31, 2015, cash and cash equivalents were $2,000 compared to $61,564 at September 30, 2015. Net cash used in operating activities was $86,599 during the three months ended December 31, 2015. Net cash used in operating activities was $151,084 during the same three months period in the prior year. There was no cash flow from investing activities for the three months ended December 31, 2015, as compared to cash flow used in investing activities of $1,102 during the same period in the prior year. During the three months ended December 31, 2015, net cash provided by financing activities was $27,035 due to an increase of a stockholder’s advance by $33,000. Cash flow provided by financing activities was $160,349 during the same period in the prior year.
I am surprised. I thought the recent earnings report was pretty good.
The whole market is flying, but txhg is down 40%. We will be on the pink sheets soon...
More like $15k to $20k I believe. But at least he is buying...he clearly still believes this company will be successful at some point.
TXHG - saw that - it was a series of buys - looks like he added to his holdings by a little less than 8%, putting in somewhere between $150 K and $200K (just eyeballing the Form 4). Not trivial buys.
A little good news today. CEO has continued to buy shares in August & September. About 850,000 shares. Maybe they'll survive this brutal coal market.
http://www.sec.gov/Archives/edgar/data/1133798/000142822815000003/xslF345X03/primary_doc.xml
Any reason why?
Last report was pretty bad - the lowest revenue every recorded in a quarter since the company moved into mining supplies. Let's hope the past 18 months have been mainly down to a weak overall market. Maybe txhg can turn things around once the market improves...
The coal market in the US seems to be going from bad to worse. Hard to see how to holdings is going to be able to turn a profit in this climate. Is this the end of the road, or can tx make enough from whatever is left of the dying industry?
I don't think he has doubled his position - he already owned around 9 million shares prior to this recent buying spree. At least he is bullish about the company's prospects - now all we need are some strong results, and to convince the investment community that this stock is worth buying.
Not sure however how long it will take for the coal market to pick up - it could be years before we see a positive quarterly net income from this company.
just noticed that. Looks like the CEO doubled his position at prices from .0251 to .0289 from 6/8 to 6/12.
Maybe we have a sign that things ware about to happen?
CEO buying! Looks like he bought over 500,000 shares since last week. Good to see!
http://www.sec.gov/Archives/edgar/data/1133798/000142822815000002/xslF345X03/primary_doc.xml
Does anyone know how the coal industry is faring in the US? Has the Republican control of the Senate had any noticeable impact on the market? Will the Republicans push to retain coal as a big energy provider?
I feel that txhg is in a good market position, but in a very difficult market. Its customer base is increasing, but revenue is decreasing....it is clear from this that here is still little demand from their current customers, which is probably reflective of the market as a whole.
Is this a problem which will be resolved as we move forward, or is there just nobody to sell supplies to thus making it impossible to make any money here? It's a shame we are in this position after all the hard work Buck has put into this company, and txhg is clearly respected in its market, but if the market is weak then what can be done to make txhg into a profitable company?
10Q is out, along with an 8K. At least the 8k gives valid reasons why the revenue was down - bad weather, and new customers' mines need some time for the orders to start coming in.
Orders should pick up this quarter and we will then see much higher revenue going forward.
It will all depend on the next 10Q as to whether this starts moving upwards - if the last quarter was slow and net profit hasn't improved greatly from the quarter previously then we won't see much buying until we get some solid results.
On the positive side, business appears to be moving in the right direction - tx holdings is picking up more and more customers and looks to be signing some sizeable contracts. Revenue could grow exponentially over the coming months.
Opps, I am guessing you are referring to the new on March 9, sorry.
Since your post was on April 1, is it a April fools thing, or am I missing something.
I am very excited about the recent announcement, I have been accumulating recently and plan on adding more, wont be to much longer before this starts to move.
I predict little movement in the share price over the next couple of months, but those in the know should begin to accumulate shares well before Q3 10Q. Big rally after that, from August until end of year. This current price will seem very very cheap in 6 months time IMO.
Much better than last quarter I expect...but the bad weather will have held them back. Q3 and Q4 will be the real deal IMO...
Any word on how sales are for this quarter, also any word on the bag rack. Any sales yet?
I look forward to the day when we have solid volume so the share price is at a level akin to the value of the company - right now it is way undervalued. On the positive side, it is a great buying opportunity - we won't be at these levels for long...
Revenue will increase dramatically over the course of this year imo. The customer base is growing rapidly. Watch this space.
Very little volume and moving nicely, very thin at these ranges. any volume and we should move above .10. Any more good news or a good Q10 and we should have a substantial move. IMO
Great news from txhg! Have a look on Yahoo finance (not sure why it hasn't appeared on ihub). They are finally bringing in some big deals - they have doubled the mines they are supplying from last year. It will be interesting to see how much their revenue increases by in 2015. Big profits on the way imo...
As predicted in my earlier post, this was indeed pushed down to 2 or 3 cents. I believe we have reached the low and the future looks a lot brighter for the company. The coal mining industry was heavily suppressed last year resulting in low revenue for txhg. The industry has already shown signs of gaining strength this year, and txhg have confirmed in the last 10Q that revenue has increased dramatically.
This Q won't be particularly strong, due to the harsh winter weather slowing down business - but the next Q report should confirm their market has improved greatly. IMO we will see very strong results for the rest of the year and beyond. Now is the time to buy.
Is there any news on sales on the mining side and the progress of the bag rack?
The share price is stabilising, if we get any kind of positive news in the short term we will certainly see a good pop. I have a very good feeling about this year for txhg - for anyone watching this stock and wondering whether to invest right now, this current share price is a steal.
The 10Q has been released. The figures are low as expected, but that is hopefully the last time we see such a slow quarter.
Buck commented in the 10Q, that in the first 5 weeks of this current quarter, the company has already reached the same revenue level as the whole of the last quarter - a really strong sign that business is at a positive turning point.
With the mines ramping up workflow and potential extra revenue from the bag rack, I can certainly imagine seeing revenue of several million a quarter by the end of 2015, at which point the company should be valued at how much per share...50 cents, a dollar??
It will be interesting to see the state of the 10Q when it is released next week. I doubt it will be very positive as sales were still low at end of 2014...hopefully investors will not be rash and sell shares at these current prices, but if they do I will be ready to buy at 3 cents..
This should be a strong year for the company, the changes in coal policy will have a huge impact on the revenue tx holdings produces. The customers are there and want to use tx, so as soon as they build up their production levels, we should start to see some truly stellar earnings.
That's the problem, the company is not updating anyone to what is going on, so everyone is just sitting back and waiting. I am going to buy more but is this going to go down in price or up. No news, no updates, no buy
Share price is very cheap right now, surprised people aren't jumping on board...this will double in a day once any positive news is released.
Right now, it is clear nobody is interested in this stock. But a couple of strong quarters could turn things around very quickly - and hopefully there are people waiting on the sidelines for such an occurrence..
So far, we have had a good winter, its only been wet. And yes with the Replublicans gaining more control, I am also hoping to see the Coal industry come back. The last 4 years has been tough on our industry.
I am sure tx have established a means of marketing their new product, but I doubt we will hear anything until they obtain a big order or two. I expect it will be a few months before any news materialises.
I am hoping the winter is not as harsh as last year, and also the mines start to pick up their productuion levels early in 2015. Tx has got a substantial inventory
now, and clients on their books who will make very big orders once business picks up... we should see profits
increase massively next year, given the right conditions.
No insider stuff, but I am watching and if the price goes down I will purchase more, I would like to see some kind of info on the bag rack, sales estimates, distribution ext. Any info would be helpful
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Revenues for the second fiscal quarter of 2018 were $1,098,590 as compared to $923,403 for the same period in 2017, an increase of approximately 19.0%.
Gross profit during the second fiscal quarter of 2018 was $212,046 compared to $118,439 during the same period in 2017. Gross profit in the current quarter increased by 79.0% when compared to the same period in fiscal 2017.
As a percentage of revenue, gross profit increased to 19.3% during the second quarter of fiscal 2018 from 12.8% during the second quarter of fiscal 2017.
During the second fiscal quarter of 2018, we had net income of $47,543 as compared to a net loss of $54,059 for the same period in fiscal 2017.
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