UNR Holdings Inc. (fka UNRH)

[Renee]

UNRH revoked:

https://www.sec.gov/litigation/admin/2016/34-78871.pdf

[Renee]

UNRH SEC Suspension for Financials / Filings delinquencies:

https://www.sec.gov/litigation/suspensions/2016/34-78074.pdf

Order:

https://www.sec.gov/litigation/suspensions/2016/34-78074-o.pdf

Admin Proceeding:

https://www.sec.gov/litigation/admin/2016/34-78073.pdf

[spider_webb]

494 UNR Financials

From 2011 to 2014 (In Russian):

http://494unr.ru/ru/shareholders.html

[surfer44]

Traderfan, I have shares for over a year now. I managed to catch a pop a few months ago and sold a few shares but I still have some. I think I'll hold on to it and just trade around it.

OT: Surfer, looks like our UNRH woke up lately. I think it was you who had some shares in this one right? And they still haven't filed their financials. Going to be interesting. You still have that one right?

[surfer44]

NEW YORK, April 30, 2013 /PRNewswire/ -- UNR Holdings, Inc. (UNRH), today announced that it has relocated its U. S. office to:

40 Wall Street, 28th Floor
New York, NY 10005
[phone]

I checked out the address. The new office is in the Trump Building!

[surfer44]

Here's a video of a beautiful Russian building that UNRH built

http://www.unrholdings.com/en/marshal.html

[Traderfan]

A listing on an exchange in the future wouldn't surprise me at all. This is a huge company and their business is booming for quite some time already. It's just that nobody seems to care because they are russian. As soon as they wanna do something for the stock price, this could be a huge mover over time. But first I wanna see these due filings.

[surfer44]

I'm in also, I just wanted to get other opinions. What do you think about the 90% ownership?

** here's a most recent PR excerpt:

UNR Holdings CEO Alexey Kim commented, "We are pleased to engage the professional services of MaloneBailey, LLP. Their global reach and expertise in multiple industries should serve us well in the years ahead. I envision an application for an exchange listing in our future, and I feel we now have the right audit firm to help us achieve that goal as expeditiously as possible."

[Traderfan]

Yes. I'm in. Have traded this one 2 dozen times in the past. Very cheap obviously. Will soon file their overdue filings I hope. Recently changed the auditor.

[surfer44]

Anyone have any thoughts on this stock?

[Big Brother]

Might take a flier on this in the teens or low twenties, if it falls that far, however, I am now beginning to understand why US investors don't touch Russian companies. Lets just say Russian stocks are so sketchy they make Chinese ones look like Blue Chips....lol.

[ThreeKnightsCapital]

Revenues

"Total revenues for the nine months ended September 30, 2012 decreased to $69.4 million, or 50%, as compared to $138.0 million for the nine months ended September 30, 2011. The decrease was a result of a decline we experienced mostly in our construction and development business in 2012 due to delayed profit recognition from the Marshal Rybalko project resulting from prolonged litigation with the Russian Ministry of Defense, offset by an increase in prices for apartments and commercial space."

[ThreeKnightsCapital]

Income from Operations


Income from operations decreased to approximately $10.0 million for the three months ended September 30, 2012, compared to approximately $16.5 million for the comparable period in 2011, primarily due to decreases in sales offset by decreases in cost of sales percentage during the three month period ended September 30, 2012.

[ThreeKnightsCapital]

Revenues

Total revenues for the three months ended September 30, 2012 decreased to $18.6 million, or 70%, as compared to $62.6 million for the three months ended September 30, 2011. The decrease was a result of a decline we experienced mostly in our construction and development business in 2012 in connection with the Marshal Rybalko project, offset by an increase in prices for apartments and commercial space.

[ThreeKnightsCapital]

UNR Holdings Announces Third Quarter 2012 Financial Results

CEO Kim continued, "Based on current market conditions, we expect to see improved sales momentum in the fourth quarter and we go into 2013 with a very sizable portfolio of completed projects. Our focus will be on converting this inventory to revenues so as to take advantage of continued favorable pricing trends for real estate in Moscow and its environs."
Results of Operations for the Three Months Ended September 30, 2012

[Big Brother]

Just realized this one has a TD Ameritrade restriction that requires you to phone in and speak to a broker first before buying. TDA is getting too restrictive and becoming a pain in my arse with these own internal "chills" that they have with so many microcaps.

[Big Brother]

Wow...just ran across this one. I sincerely hope the current PPS is not a reflection of what American investors think of Russian companies but rather just a poor job by investor relations in getting the word out.

Because @ .60 this might be one of the most undervalued stocks I have ever seen.

A Russian company trading at Chinese valuations, this is nuts.

[MasterTbone]

I don't have a clue. I believe the numbers are real, but nobody else believes them because of all the fraud coming out of china. If the company would take steps to prove their earnings are real I think it would help a lot.

[SPEEDTRADER]

same type of company interesting
http://investorshub.advfn.com/boards/board.aspx?board_id=21496

[Traderfan]

What's going on with this stock? 55 cents ask now?

[MasterTbone]

UNRH, TTM Earnings .90
Last Trade .90
that gives UNRH a P/E of 1
with a book value of 2.62

talk about undervalued, this stock is highly undervalued.

[Traderfan]

Seriously, either you just don't get what I'm saying or you do it on purpose. The 2 million one time costs for abandoning the project in the middle east are a very small part of the quarter. The main problem was that their cost of sales exploded for the finished projects in comparison to Q1.

We are talking about 50 cents in EPS in Q1 and roughly 7 cents in EPS in Q2 if you factor out the 2 million one time loss. That's what I'm talking about. No matter how you slice it the quarter was a dog sequentially. And yes they would have still been profitable and yes the stock is still cheap but Q1 and Q2 are very different on the bottom line and mainly NOT because of the 2 million one time loss but because the cost of sales exploded.


NO they wrote down a loss from pulling out of the UAE project, they took a loss of 2.5 mil. I did read the financials

[MasterTbone]

Correction, The book value of the Total Company would be 3.92, however after a closer look at the numbers UNRH only holds 68% of the total company which gives the Public Side of the company a book value of 2.62. I apologize for the miss quote.

[MasterTbone]

on top of all that, the company now has a book value of $3.92

Its trading so far below book its ridiculous.

[MasterTbone]

Sorry, it was a 2 mil loss not a 2.5 mil.

Close enough, it is what contributed to the -1 cent loss this quarter.

[MasterTbone]

Selling, general and administrative costs . Selling, general and administrative costs increased by $3.1 million to approximately $3.9 million for the three months ended June 30, 2011, as compared to approximately $0.8 million for the three months ended June 30, 2010. This was primarily due to the anti-crisis measures our company implemented during the fiscal year 2010, such as a reduction in force and more efficient utilization of the remaining personnel, as well as the savings we realized on the costs of transportation, communications, security and lease of an additional office space offset by increases in professional fees and approximately $2.0 million in costs in setting up planned operations in the Middle East, which plan was abandoned by the Company in the second quarter of 2011.

Income (Loss) from Operations. Income from operations decreased to a loss of approximately $1.1 million, from income of approximately $5.3 million for the three months ended June 30, 2011, primarily due to significant increases in cost of goods sold and selling, general and administrative expense during the three month period ended June 30, 2011.

[MasterTbone]

ONE TIME LOSS, i will find it and post it here for you to see.

[MasterTbone]

NO they wrote down a loss from pulling out of the UAE project, they took a loss of 2.5 mil. I did read the financials.

[Traderfan]

That's just completely wrong. Certain costs of a project have increased a lot and that was the reason for the bad quarter. Read the 10q. I did.

[MasterTbone]

We have to understand Russia, and Construction in and around Moscow. They cant build much during the winter months. This means that right at the beginning of spring they buy materials and start to build.

Understanding Russia is a huge part of investing there. Understanding that winters are brutal is important.
Understanding that they do most of their building Spring, Summer and Fall, and very little building in the Winter is important.

Did you see the inventory increase? Inventory went from 95 mil to 145 mil, thats a $50 mil increase in inventory.

As they sell these property's that they build the inventory will decrease and the sales will increase.

Remember this company has 1.2 billion in projects contracted and that need to be completed in the next 3 years.

Lets divide that out, to an average of 400 million per year in projects. Thats a huge number and growing. This company is very healthy and growing. This stock is highly undervalued.

[MasterTbone]

I dont think anyone new about a bad quarter, because the quarter was not bad. It was a one time write off from pulling out of UAE and their plans to expand there.

No one new anything about any bad quarter. The financials still look fantastic, a loss of one penny due to a one time write off is no big deal. Here is the financial summary copied and posted right from the 10Q .


Consolidated Results of Operations for the Six Months Ended June 30, 2011 Compared to the Six Months Ended June 30, 2010

Revenues . Total revenues for the six months ended June 30, 2011 increased to $75.4 million, or 91.13%, as compared to $39.4 million for the six months ended June 30, 2010. The increase was a result of a gradual pickup we experienced mostly in our construction and development business in 2011 and substantially higher prices for apartments and commercial space; no assurance can be given that this trend is sustainable.

Cost of Sales . Cost of sales increased by $20.6 million, or approximately 72.7%, to $48.9 million for the six months ended June 30, 2011, from $28.3 million for the six months ended June 30, 2010. We attribute this increase primarily to an increase in revenues in 2011 from increasingly profitable projects located mainly in the city of Moscow.

Selling, general and administrative costs . Selling, general and administrative costs increased by $3.3 million to approximately $4.9 million for the six months ended June 30, 2011, as compared to approximately $1.5 million for the six months ended June 30, 2010. This was primarily due to the anti-crisis measures our company implemented during the fiscal year 2010, such as a reduction in force and more efficient utilization of the remaining personnel, as well as the savings we realized on the costs of transportation, communications, security and lease of an additional office space offset by increases in professional fees and approximately $2.0 million in costs in setting up planned operations in the Middle East, which plan was abandoned by the Company in the second quarter of 2011.

Income from Operations. Income from operations increased by approximately $12.0 million, from $9.5 million for the six months ended June 30, 2010 compared to $21.6 million for the six months ended June 30, 2011, primarily due to the increase in sales.


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Table of Contents

Other Income(Expense). Other income decreased from $2.0 million for the six months ended June 30, 2010 to $0.68 million for the six months ended June 30, 2011, primarily due to a decrease in interest income.

Provision For Income Taxes . Provision for income taxes increased to $4.4 million for the six months ended June 30, 2011 as compared to $2.3 million for the six months ended June 30, 2010. The increase is primarily due to the increase in net earnings during 2011.

Net Earnings . Net earnings increased to $17.9 million for the six months ended June 30, 2011 as compared to $9.2 million for the six months ended June 30, 2010. The Company contributes the increase in earnings primarily to the substantial increase in sales offset by an increase in operating expenses.

Consolidated Results of Operations for the Three Months Ended June 30, 2011 Compared to the Three Months Ended June 30, 2010

Revenues . Total revenues for the three months ended June 30, 2011 increased to $35.6 million, or 78.6%, as compared to $19.9 million for the three months ended June 30, 2010. The increase was a result of a gradual pickup we experienced mostly in our construction and development business in 2011 and substantially higher prices for apartments and commercial space; no assurance can be given that this trend is sustainable.

Cost of Sales . Cost of sales increased by $19.0 million, or over 138.2%, to $32.7 million for the three months ended June 30, 2011, from $13.7 million for the year ended June 30, 2010. Cost of sales increased substantially during the second quarter of 2011 as compared to 2010 primarily due to an increase in estimating the percentage of completion costs of ongoing projects. We attribute this increase also to an increase in revenues in 2011 from increasingly profitable projects located mainly in the city of Moscow.

Selling, general and administrative costs . Selling, general and administrative costs increased by $3.1 million to approximately $3.9 million for the three months ended June 30, 2011, as compared to approximately $0.8 million for the three months ended June 30, 2010. This was primarily due to the anti-crisis measures our company implemented during the fiscal year 2010, such as a reduction in force and more efficient utilization of the remaining personnel, as well as the savings we realized on the costs of transportation, communications, security and lease of an additional office space offset by increases in professional fees and approximately $2.0 million in costs in setting up planned operations in the Middle East, which plan was abandoned by the Company in the second quarter of 2011.

Income (Loss) from Operations. Income from operations decreased to a loss of approximately $1.1 million, from income of approximately $5.3 million for the three months ended June 30, 2011, primarily due to significant increases in cost of goods sold and selling, general and administrative expense during the three month period ended June 30, 2011.

Other Income(Expense). Other income decreased from $1.0 million for the three months ended June 30, 2010 to $0.3 million for the three months ended June 30, 2011, primarily due to a decrease in interest income.

Provision For Income Taxes . Provision for income taxes decreased to a benefit of $.02 million for the three months ended June 30, 2011 as compared to $1.2 million for the three months ended June 30, 2010. The decrease is primarily due to the decrease in net earnings during the three months ended June 30, 2011.

Net Earnings . Net earnings decreased to a loss of $.05 million for the three months ended June 30, 2011 as compared to net income of $5.1 million for the three months ended June 30, 2010. The Company contributes the decrease in earnings primarily to increases in cost of goods sold and selling, general and administrative expense during the three month period ended June 30, 2011.

[Traderfan]

Do you still attribute the weakness to market conditions? I told you a few days ago that it wasn't normal that the stock was that weak after all the good news we had lately. Apparently some already knew about that bad quarter. Always the same.

[MasterTbone]

Well i attribute that to market conditions, the news came out and the general market was crashing. I think people sold their small stocks to cover margin calls on their big stocks.

[Traderfan]

The biggest mystery to me is that these guys brought out some really good news lately and the stock didn't even rally for a few minutes let alone a day after huge contract numbers and all this stuff. Look at the last 2 news and look where the stock price is now and where it was while the news came.

[MasterTbone]

I think the biggest problem is market conditions, which in turn has made this stock have a lack of volume or interest.

And no i was not selling it to you, however maybe everyone else!

[Traderfan]

It seems you want to convince me about the company. I'm already a fan since I can read financials so no need to sell it to me. You didn't list by far the biggest problem and probably why the stock is so depressed. I won't list it either, at least not right now.

[MasterTbone]

It gets no respect for many reasons.

#1 people just got burned by China, now we are talking about a Russian company and people dont trust Russia.. However Goldman Sachs said to get out of China and get into Russia especially companies involved with Construction of Infrastructure such as Roads and new home and apartment/condo building.

UNRH is exactly in this business, roads and new Condos.

#2 Its summer time, have you heard of the term "Sell In May and Go Away"??? Well summer traditionally trades on light volume. Plus the fact that the government of the USA cant get their head out of their butt's this summer has been especially bad for the market. However, since the market is cyclical and after Labor day Fund Managers come back to buy bargain stocks on the Large Caps, it usually frees up money for others to start to look for bargain small caps. UNRH is in my opinion the best bargain small cap on the market.

#3 Construction companies in the US are getting no respect right now, Brokers and Investors do not understand that just because our construction market is not booming that does not mean that in other countries the construction might be booming. In the case of Russia, they have the 2014 Winter Olympic games ahead which means they need to build Stadiums, Roads and Hotels for that event. Then they have the World Cup in 2018 which means they need to build 12 more Stadiums along with roads and hotels.

UNRH is 25.5% owned by the government. UNRH builds Roads and Bridges. UNRH builds high rise hotels and condos. UNRH has a Patented product called Prudon 494 which is used to harden roads bridges and pipeline paths.

Who do you think the government is going to give the bids to first? I would think UNRH would be a top candidate considering they have already in hand US $1.2 billion in contracts for the next 4 years. UNRH has been a solid company for more than 40 years and a solid public company for 3. Numbers are Stellar and getting better every year.

#4 Last people think Russia is run by the mafia. Well if that is true then so it is also true that Las Vegas in run by the mafia, so is NYC, so is Washington DC and Chicago and Miami.

Get over it people, this stock is so highly undervalued its ridiculous. UNRH is an incredible buy under $5, its only 1.24 now. After $5 they should get a NASDAQ listing which means that fund managers can buy. So lets be realistic, give it a PE of 15 that would mean an $18 stock price right now.
Why would i say a PE of 15? Because there are very few Russian stocks traded in the USA, and that means there is room for this stock on an Index of Russian stocks. Get it up on an Index and all the funds will automatically buy it. Give it a PE of 15 at least, maybe 20, maybe 30. Industry average is 33.

Enough said, Go Buy Some Stock, or miss it if you dont. I believe $5 is an underestimate by far.

[Traderfan]

Why is this one getting absolutely no respect after really good news like the last 2 in a row? It get's treated like these chinese real estate companies which trade as if they were all scams. UNRH is not really different valuation wise. They will probably soon trade below a 1.5 trailing PE. Anybody knows any reason for that?? Seems like they have some good long term contracts.

[MasterTbone]

UNRH, trading at 1.70, Book Value 2.36, Earning Trailing Twelve Months 1.05.
Stock highly undervalued with a P/E of 2.8 in an industry that trades at an average P/E of 33.

[MasterTbone]

http://www.barchart.com/opinions/stocks/UNRH

Trend Spotter

Short Term 100% BUY
Mid Term 100% Buy
Long Term 66% Buy

click the link above you will be impressed,

Thanks

TBone

[MasterTbone]

You will do very well to get in this stock now before it goes any higher!

Be Blessed, look for my next post!

[Bobwins]

Bought a few shares today at 1.70. Very limited volume. This is definitely an under the radar stock. Russia scares away most people and construction should scare most people. But they have a long track record in Russia and the highway product is interesting.

Can't argue with the eps numbers, they are shockingly good.

Bobwins

[ecwstocks]

Your right.... Brokers like to play it safe and don't really care about making their clients money. They should. If they would just take a few minutes to look at this stock they would see a real money maker. For them and their clients. They need to step it up and be real brokers!

[ecwstocks]

Nice to see "some" volume finally getting put into this thing

[MasterTbone]

Yea, .51 cents a share in earnings is nothing to sneeze at, this stock is so highly undervalued its not even silly!

2010 earned .66 cents for the year

Q1 of 2011 earned .51 cents??

I guess brokers dont know how to find undervalued stocks, cause this stock should be well north of $10 with these earnings.

[ecwstocks]

I couldn't agree with you more. You said it all. I saw it was a redchip deal as well; and saw what they had put out saying this stock is extremely under-valued.... Don't know where that came from, but obviously they still believe in it. I hope people really start noticing this stock and seeing it for what it really is

[ecwstocks]

Not a problem! I'm just glad to see someone out there is listening to me! Great stock! The more people I can help to take a look at this stock the better it will perform for people like us who own it ;)

[red neck girl]

Hey thanks for the tip. I just started investing in small caps after spending a life time of investing in mutual funds, bonds, 401K, etc. I have an account that is maturing after 10 years that I have lost enough money in. I will take a position once funds are available from that. I would love to get in at $1.30 but with .66 EPS I will more than likely have to purchase at $3.00-$5.00 but that's o.k. after doing some research it looks like this stock will go to $25.00-$30.00 per share. I love that type of % gain.

[MickeyBlack]

Nice to see the rest of the world start to notice our little GEM. Thanks for the email Bryce. Nice to know the board is active again. We actually thought it would take much longer to get the wheels rolling again. Come on $10 I need some Vegas money :)

[ecwstocks]

Hopefully this stock will start getting the attention it deserves, I'm gettin in more now, little by little. I'm especially glad the audited financials are out and that damn "E" is outta there!!! I'm interested in seeing their 10Q and seeing what their earnings are looking like, not like it would matter.... Even if it stays at .66 cents that's still a GREAT buy! And I'm gonna get all that I can!