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Am I out of my mind again............
q2 2019 guidance:
revenue $1154k
cost $904k(78% of revenue)
sg&a $140k(12%)
or
this is the quarter we see a 400 basis point improvement of cost and gross margin.
I could be dreaming but this improvement is way overdue and years in the making,if it occurs.I believe the odds is 50%+ in our favorite.
$83.45 Cental Appalachia 12,500 btu price.........
A bit below the multi-year high of $83.90 scored a few weeks back.
Another coal company about to go belly up........
this time the producer of no. 3 Powder River Basin coal is likely the one.
https://www.zerohedge.com/news/2019-03-18/coal-miner-cloud-peak-brink-collapse-after-failed-bet-coal-us-power
Taking in water again.....
A water logged stock.There seem only two or three interested buyer for this stock,not enough to take on the crushing blows of the MM.As fundamental improvement continues and a good ER,this stock can turn on a dime.
A good article and summary of what happened to.......
"US coal production has declined by more than a third since peaking in 2008, while the number of active coal mines plunged to 671 mines in 2017 from 1,435 mines in 2008....with most mine closures in the Appalachian region....."
and
I believe txhg got the message and lived through it,survived,and did a complete makeover since.Perished not,survival of the fittest.
my take:
the company is hardened,lean,mean,and fighting for its survival.The difference now:it has a good chance(us industrial renaissance) and company is ready(no more bag-rack silly stuff).
https://www.rt.com/business/450219-us-coal-plants-closed/
This is great come back for TXHG
The boss stopped the PR....
its reach was low and to save money.The likely way forward,is to show consistent profitability,or gross margin above 20%+ next q and beyond.I believe we will see another margin expansion of 200+ basis point(80%- gross margin) next q with revenue above $1000k.Wowwww.
I agree. I’m guessing they might start this year with actual press releases.
The boss committed with his own money to the company.....
of $2.0+ million @5% bought the time and transformed his troubled company back to an emerging growth company seem have worked,only took about 3 years and a lot of pain staking adjustments,and now TXHG has positioned itself to ride out the new America industrial renaissance which is happening:go,sky is the limit;a bit tougher in the coal industry,I have to admit.
How many companies you can find profitable and just penny. They also do not dilute. This is golden. With some volume this could go to 5 to 10 cents where it was with this kind of revenues and profits.
$79.50 Cental Appalachia 12,500 btu price.........
a $4.5 Drop from last week's high since Dec 2008.
Good eye........
Revenue normalized at $1000k+.Cost of goods is down to 82% vs 86% y/y,stabilized at 82% since last 4q,a positive sign.Or gross margin increased by 400 basis point y/y.Million dollar question: is this a transitional quarter before long expected margin expansion(back to 20%+)??
10Q out. Profitable again.
$83.90 Cental Appalachia 12,500 btu price.........
A new high since Dec 2008.Wooowwwwwww.
ps-Resurgence in US manufacturing is the driver and it is continuing strong into 2019.
Messing with another OTC distressed, 0075- cent stock? Live and learn you once told me. Braddy's lesson wasn't enough? Seems more like rinse and repeat.
If next q revenue hit $1000k.......
As revenue momentum continues,this stock would be a great play at these prices.
We're trading penny stocks my man. Low cap of 300k, plus revenues of 1m and no dilution. CEO funding it is good IMO... Or they could use funding where some A-Hole takes a 75% discount on common shares to fund... Lets do the math?
If were talking about investing in your childs future, we're in wrong spot.. If we're talking about investing in a bottom play.. Well get on board Phill.
Company owes ceo $2.4 million and counting; not had a year of profit for 10 years; coal is not an area of growth and could become a thing of the past in 10 years time; only one salesman, who takes half of all profit in bonuses; no new customers on the horizon.
What's not to like?
$360k Market Cap with insiders owning 25% of a 48 million OS. That is tasty IMO.. No dilution and 1 million in revs.. Sweet Jesus Greasemonkeyshoes, Werbe Likes.
Correction:
Revenue and net income miss......
I was hoping $1000k and not $740k.Net income -$71K,not $28k.The mc is down to $200K; and the boss put up another $92K cash with no interest,as a loan to the company.Million dollar question:will next q revenue go back to $1000K+??
ps-Cost(not margin) was 82% skewed by lost of revenue momentum.Ouuccchhhh.
340k market cap company that brings in 3.8 million in revenues.. What they pull in after sucks but doesnt matter with this low of cap IMO. Those numbers can be fixed, cap this low just has upside.. Especially when dilution has not been introduced here for at least 3.5 years.
Share Structure as of 12/18/2018
Authorized Shares 250,000,000
Outstanding Shares 48,053,084
52-Wk Range
0.0038 - 0.034
Market Cap 341,177
http://www.txholdings.com/
https://www.otcmarkets.com/stock/TXHG/security
Revenue and net income miss......
I was hoping $1000k and not $740k.Net income -$71K,not $28k.The mc is down to $200K; and the boss put up another $92K cash with no interest,as a loan to the company.Million dollar question:will next q revenue go back to $1000K+??
ps-margin was 82% skewed by lost of revenue momentum.Ouuccchhhh.
Surprise surprise
$81.40 Cental Appalachia 12,500 btu price.........
a new high since 9/12/2011. Or 25c shine from becoming a new high since Dec 2008.Wowwwwww.
$78.95 Cental Appalachia 12,500 btu price.........
a new high since late 2011.
Another narrative with all respect......
I believe the company was a mess years back and since then,it has cleaned up its act,now a good calculated wager.It had two sales men,down to one currently,with lower commission expense,a plus.
Fundamental improvement over past years:
1 Central Appalachia coal prices are $41(q3,2016) vs $76.6(currently),in their customers' favorite;
2 $275K write-off of obsolete inventory in 2016,cleaned up the balance sheet;
3 $145K write-off of "Rack Bag" in 2017,stopped the "de-worsefication";
4 Revenue $2128k/$3006k/e$4000K,2016/2017/2018 respectively,double digit revenue growth since 2016;
5 Commission rate trending lower: 8%(15),5%(16/17),4%(18)
6........
7........
or
Good management at work: "Buck" operates a tightly run company and no more "kids stuff".A fact,not fiction.
The million dollar challenge for management:
Down to only two:
1 Continue double digit revenue growth in 2019
2 Normalize cost(in term of revenue) from 80% back down to 75%.Bingo.
or
2019 eps=1c+,all said and done.IT IS DOABLE AND LIKELY;A CHANGE WAY OVERDUE.
Because I was in this stock for over 10 years, and I lost count of the amount of times false hope was given. The company is now in a worse position than it was 5 years ago, in an industry which probably won't last too long, and even if it does the best the company could manage is to break even...there are only 2 salesmen, who seem to take such a large chunk of the revenue as their commission, the company would have to sell about $2 million of stock each quarter, which is nigh on impossible.
Really and how you know this. I’ll take my chances on shares that I purchased below penny.
You are all grasping at straws here - if there was anything even slightly positive, Buck would be shouting about it. This company has nothing going for it, I imagine it will gradually slide into oblivion over the next few months.
With this share structure this is also good company for merger
Who knows. This is very strange though
Wild guess.........
Is there a plan in the work for a stock buyback??Many moons ago,CEO expressed "buyback" when cash becomes available.
Me too.....
Are the boring days over?I hope so.
Next ER report is on e12/15/2018...........
Did the sellers heard something and withdrew all the low offers??
Nite at 6 cents and then maxm at 26 cents. Wow
I have no idea. Just saw this.
Bid .96c,Ask 6.04c............
Sellers below 6c are all gone,what's going on??
$76.6 Cental Appalachia 12,500 btu price.........
a new high since 2011.
$73.2 benchmark price..........
for Central Appalachia 12,500 Btu, 1.2 SO2.A new high since end of 2011.
I believe it has done quite a bit......
EXCEPT one and only one metric: gross margin is still 5%-10% below its historic norm of 25%-30%.As long as benchmark coal prices are high,particularly the thermal coal,and at/above 6 year highs,the company should be profitable; and just a matter of few more quarters,it is likely to come back with a vengeance.
I probably should not say anything but is this company doing anything
$72.70 benchmark price......
as of 8/3/2018,up $2.15 from a week ago,for the Central Appalachia 12,500 Btu, 1.2 SO2 coal.The new benchmark price is a 6 year high.
Which is the more profitable part of this company now - the mining supplies or "the bag rack"? It's good to know the company has multiple revenue streams, and to be fair I think they have equal chance of being successful.
$70.55 benchmark price............
As of 7/20/2018 for Central Appalachia 12,500 Btu, 1.2 SO2 coal,an increase from $69.15 a week ago.
Agree. Patience should be paid off here.
Numbers,numbers,numbers,......
Revenue $1002k vs $852k,up 18%
Cost 83% vs 77%
Net income $1k vs $6k
My take:
The market stabilized for both met and thermal coals,key driver why revenue have sustained itself;next big challenge(and the only challenge I can see) is lowering of cost back to the historical level,from 85% down to 75% next Q,before the stock would do anything positive.
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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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