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Q2 numbers are out.
o/s : 723,000,000
MC: $5.35m
Revenue: 16.7mUSD
Net income: 1.12mUSD
op.Cashflow / Q2: +$721,000
Cash on Bank: $4.13m
Short-term borrowing: 1.15mUSD
Net Bookvalue: $14.87m - per share $0.0205
annualized EPS: 0.0049$
PER: 1.5
PRR: 0.08
PBV: 0.36
best regards
b.
Hi!
At these levels, this ist a takeover target. If a larger company gets Globestar for about C$1.50, they could be lucky.
I think, nobody knows this nice company. No competitor and no retail investor.
My estimates for Q2 (production numbers - I don`t know, how much they have really sold):
Q2: 5,85mlb.Cu @$3.21 + 5,550Oz.Au @$1195 + 165,000Oz.Ag @$18.31 = $28.42m
Could be cashflow from operations: $9.2m (CFPS 0.0876)
Net Earnings $7.3m (EPS 0.0695)
Best regards
financial statements after the close, Wednesday August 11, 2010.
Shanghai Composite +2.3%. Above 2,600. First time since end of may.
msgbrdinfo, I think fears about slowing down of Chinese economy are overdone.
May be, we will see GDP down from 10.7 to 9 %. That would be not a problem.
Copper price has stabilized. And also Shanghai Composite Index.
May be, we have seen the lows.
Scandals like NEP or ONP are not so good. Trust is needed.
Shanghai Composite Index
Low volume, but nice move today.
regards
b.
IMO the most undervalued copper - gold stock.
In Q2, my estimation is: sales $26-28m; op. cashflow $8-9m (cf/share USD 0.075)
Net debt free at year end.
Fully diluted marketcap. CAD 104m
Estimated yearly cashflow $30m to 2019-20 (total 270-300m)
On the way to start Moblan lithium operations at 2013.
No need for new capital until start to construct the Moblan mine. (No new shares for the next 18-21 months.) Financing with debt, own cash and cashflow and a little piece of new shares.
I like this company.
regards
b.
China Redstone is well positioned to capitalize on growth in the death care industry," added Mr. Ran. "According to the National Population and Family Planning Commission of the PRC, the current annual death rate of Chongqing is 0.65% and it is predicted to go up to approximately 0.7% in the next three years. In the meantime, the population for the city keeps growing and the pace of urbanization has accelerated. Our cemetery is located in a highly sought after location outside of Chongqing with well-regarded "Feng Shui" overlooking a lake. With over 80% of our land still available for future development, and low infrastructure and operating costs, we expect to generate meaningful growth for years.
.
2011 fully diluted (e)EPS $1.45!
2011 (e)PER 2.41!
Cash $9.5m
Net Cash $7m
PR News was out 12 minutes after close.
Press Release Source: China Redstone Group, Inc. On Thursday July 15, 2010, 4:12 pm EDT
CHONGQING, China, July 15 /PRNewswire-FirstCall/ --
* FY 2010 revenues and adjusted net income exceed guidance
* Fourth quarter FY 2010 revenues increased 40.7% to $10.0 million; adjusted net income increased 72.3% to $3.8 million with adjusted EPS of $0.42
* FY 2010 revenue increased 99.5% to $36.5 million; adjusted net income increased 159.1% to $14.2 million, with adjusted EPS of $1.53;
* FY 2010 cash flow from operations was $9.5 million; and
* FY 2011 Guidance: Revenues of $40.0 million and net income of $19.5 million with EPS of $1.45.
* Management to host earnings call July 19 at 10:30 a.m. ET
regards
Nice buys - Yes, thats right. Against the .44 wall.
Level II book also shows slow, but nice improvements.
Looks like the market starts to play the q2 numbers and also possible informations about the acquisition. Deadline July 15, 2010.
If the acquisition deposit will be returned, the cash account, including the q2 cashflow, could be near $ 20 million. Marketcap. is $ 35 million.
b.
U.S. stock futures, Chinese airlines and natural resource companies led a global advance in equities and commodities markets Monday after China said it would lift the lid on its tightly-controlled currency, spurring expectations for growth in the world's third largest economy.
The gains came as China announced said it would allow its currency, the yuan, to move, albeit in a gradual manner. Unlike a revaluation in the 2005, however, China did not make any one-time adjustment to its currency.
The dollar fell to 6.7901 yuan from 6.8207 yuan, according to FactSet data.
Several other assets climbed on the move. Asian equities were strong, with the Shanghai Composite up 2.9% and the Hang Seng rising 3%.
source: market watch
Mr.Zhang Guoxi was participant at the authentication conference.
He`s the 3rd from the right side.
Inner Mongolia She Tai Jade Authentication Conference is held on Jan. 18th, 2008 in Beijing, by Jade Art Group.
The participants are the former Deputy Curator of National Palace Museum, Doctor Adviser, Present of China Gem and Jade Culture Institute, Mr. Yang Boda; the Senior Engineer of National Gems & Jewelry Technology Administrative Centre, Deputy Director of National Gemstone Testing Centre, Mr. Li Baojun and other 4 jade and gem experts. They all highly estimated the natural characteristics, present usages, and future development of She Tai Jade, then signed the certificates of authentication
There are other participants: the Deputy Secretary of Urad Qianqi, Director of Linhe City Industrial Development Zone, Mr. Kang Dingjun; the CEO of Jade Art Group, Mr. Song Huacai; the CFO, Mr Luo Chenqing and the Present of Guoxi Group, Mr. Zhang Guoxi.
http://www.jadeartgroupinc.com/News_t.asp?id=49" rel="nofollow" target="_blank" >http://www.jadeartgroupinc.com/News_t.asp?id=49
best regards
http://www.gurrad.com/china/article.htm" rel="nofollow" target="_blank" >http://www.gurrad.com/china/article.htm[tag]“Chinese Millionaire is Versed in Sayings of Chairman Iacocca: Top Tycoon of Reform Era Eschews the Dialectical, Pursues the Materialism”
by Adi Ignatius
Wall Street Journal
1988 or 1989
YUJIANG COUNTY, China.
Zhang Guoxi slips behind the wheel of his gleaming Nissan sedan. He puts a rock-music cassette in the tape deck, turns the volume up full blast and drives along the dirt roads of his native village, edging slowly around donkey carts and water buffalo.
At a vast construction site, a factory complex that will double his output of Buddhist-motif woodcarvings, he steps out of the car. “It’s all mine,” Mr. Zhang says, extending his arms as if to embrace his property. Mr. Zhang, a short, bald, junior high-school dropout is believed to be the richest businessman in all of China.
Not so long ago, greed was not good in China. In Mao Tse-tung’s day, equality was the aim, even if that meant a billion people sharing poverty equally. Today, after 10 years of tinkering with market-oriented economic reforms, new, often enormous gaps have opened in personal wealth. China has hundreds of millionaires. But it has only one Zhang Guoxi.
Mr. Zhang is a modern warlord, his fief an international woodcarving, furniture-making and real-estate empire. At his beckon call are two secretaries, a driver, a bodyguard and two state policemen who keep his teacup filled and run his errands. Virtually everyone in Jiangxi province, from the lowliest worker to the highest ranking official, refers to the impish, 37-year-old entrepreneur as “Boss Zhang.”
By Chinese standards, Mr. Zhang is insanely rich. He guzzles Remy Martin cognac at mealtimes and spends $550 a month--about what a factory worker makes in a year--on a five-pack-a-day cigarette habit. He has spacious homes, each stocked with the latest in imported electronic gadgetry, in several cities. His hero is Chrysler Corp.’s Lee Iacocca, whose autobiography, translated into Chinese, is the only book Mr. Zhang has read in years.
“Buddha has been kind to me,” says Boss Zhang, adopting a tone of seriousness. “Actually, I don’t believe in Buddhism. I believe in Marxism-Leninism,” he says, collapsing in a fit of giggles.
Mr. Zhang won’t reveal his exact worth, though he says a classified government document lists him as China’s wealthiest entrepreneur. Various clues suggest his net worth is at least $30 million. “In the U.S., I’d be about as rich as a middle-sized entrepreneur,” he says. “But I can’t compete with the big guys [in the U.S.]”
His ego, on the other hand, is world-class. On the wall of his tidy office hangs a towering, framed color photo of himself in a sports jacket and tie. “This county is poor, but my world is rich--the richest in the province,” says Mr. Zhang. “My living standard is First World.”
The new Chinese phenomenon of extremely rich private businessmen has created some ideological problems. Though China’s constitution was amended last year specifically to protect private business, it remains a controversial concept in this socialist nation. Last year, a Chinese farmer-turned-entrepreneur named Li Xigui tried, without success, to join the Communist Party. His effort set of a raging debate in the national press: Are wealth and party loyalty mutually exclusive?
Boss Zhang mostly has side-stepped such controversy. He joined the party back in 1972, when he was still penniless. He has cultivated friends in high places. And, to muffle potential critics, he has donated more than $1 million to various government projects and charities. (He, not the state, brought running water to the county.) Far from exhibiting scorn for this multimillionaire, provincial party elders now lavish praise on him and even helped him obtain a seat on the National People’s Congress, China’s parliament.
Still, to survive as a millionaire in Communist China requires some gymnastics. Mr. Zhang, playing the role of a good party member, stresses that virtually all of his money is plowed back into the business “to raise the living standards of his workers.” But when he adopts the part of a private businessman, his instinct is to flaunt it, bragging about his wealth, his cards, his houses, his regulation-size English pool table, his Aiwa stereos, his Sony TVs.
When a visitor suggests that Mr. Zhang talks socialism while practicing capitalism, he responds, “I don’t dare agree. But I can’t disagree.”
In addition to the ideological hurdles, Mr. Zhang also must face the problem of resentment from the have-nots. On the advice of provincial officials, Mr. Zhang retains a 24-hour bodyguard, armed with an automatic rifle. “So far,” according to a staff assistant, “no one has actually attacked him.”
Actually, on the streets of impoverished Yujiang County, people seem comfortable with Mr. Zhang’s wealth and even praise his acumen. “Boss Zhang used to have nothing, and now he’s rich,” says Jin Rinsheng, 34, a state-employed cook who makes $225 a year. “I admire him.” Tan Jincheng, 28, who runs a tiny private retail stall, agrees: “In China today, the more ability you have, the more money you can make. Boss Zhang has loads of ability.”
Mr. Zhang’s life story is a rags-to-riches classic. His parents tilled the soil of this still-backward area of Jiangxi, an inland southeastern province. IN 1966, as the Cultural Revolution began turning school into ideological battlegrounds, Mr. Zhang dropped out to learn carpentry. After five years, as a precocious 19-year-old, he had mastered the skill and was named head of his rural workshop.
In 1973, Mr. Zhang began his entrepreneurial maneuvering--about six years ahead of the rest of the country. At that time, Deng Xiaoping, still languishing in political disgrace, could only dream of the measures he would introduce as senior leader years later to reform China’s static, state-controlled economy. Mr. Zhang, meanwhile, was already starting to try them out.
First, he quit the failing workshop and, with 21 co-workers, set up a collective furniture-making enterprise. Mr. Zhang put up the entire start-up capital of about $400, which he raised by selling his family’s house. At that time, he was making only 30 yuan, or $8, a month. “Of course the yuan was still worth something back then,” he recalls, laughing wildly.
His move to the big time was helped in the early stages by a resourcefulness that some refer to as petty theft. IN 1972, he traveled to Shanghai to study woodcarving, which promised bigger profits. A week at a factory proved he was in over his head. But before leaving, he stole several designs from a factory wastebasket. Arriving home, he and his colleagues deciphered the designs, consulted experts and eventually began producing good-quality woodcarvings. An empire was born.
Mr. Zhang soon had big export orders, through Shanghai trading companies, for ornately carved chests made from camphor wood. Later, he hooked up with Japanese buyers to make what eventually would become the most lucrative part of his business: wooden household Buddhist shrines that retail for more than $90,000 apiece, almost exclusively in Japan. Since 1973, Mr. Zhang asserts, the company’s growth has averaged 75% a year.
In the meantime, Mr. Zhang somehow maneuvered to gain private control over his enterprise, which had been set up as a collective. Today, he alone decides how to use its profits, which have financed rapid expansion as well as diversification into clothing, food, film-making and real estate. He runs 30 factories in China, employing more than 3,000 workers. He also has a stake in a woodcarving and painting joint venture in Osaka, Japan. To handle his money, he recently set up a joint venture bank at his Yujiang headquarters with Bank of China.
“There isn’t another business like this in all of China--built from scratch without a penny from the state,” says Mr. Zhang.
The workaholic entrepreneur has faced rough patches along the way, of course. In the mid-1970s, before Chairman Mao’s death triggered the demise of socialist orthodoxy, Mr. Zhang was labeled Yujiang County’s most notorious “tail of capitalism.” He had to endure endless criticism sessions. Only his friendship with certain high-ranking provincial officials saved him from ruin.
Today, he has become a local hero and, increasingly, a national model. “Some of the people who once criticized me as a capitalist now praise me as an entrepreneur,” says Mr. Zhang. “I’m not bitter toward them. Like me, they were victims of the system.”
In January, Mr. Zhang was cited by the government in Beijing as one of China’s top 20 entrepreneurs. During a speech to party elders at an award ceremony in Zhiangxi, Boss Zhang quoted liberally from Lee Iacocca’s book, stressing the need to draw lessons from the bitter experiences of the past. “Iacocca is a real man,” says Mr. Zhang. “He built up Chrysler from nothing.”
Mr. Zhang has unbridled confidence in the future. He believes the private sector will develop rapidly, to serve China’s modernization. For himself, he dreams of a mushrooming international empire, a private jet and perhaps his own golf course. Ultimately, he says, he would be happy if people referred to him as “China’s Iacocca.” After a pause, he adds, “Maybe someday people will call Iacocca ‘America’s Zhang Guoxi.’”[/tag]
Shanghai gets bank boost, jumps 2.8% in mixed Asia
...The jump came amid expectations that Beijing would act to support the market ahead of Agricultural Bank of China's upcoming multibillion dollar initial public offering. Sentiment was also aided after Reuters reported that China's exports jumped about 50% in May from a year earlier. The report cited sources who had been briefed by a senior government official.
"The expectation is that the government is pulling all stops and mobilizing resources to make the Agricultural Bank of China IPO a success," said Francis Lun, general manager at Fulbright Securities.
Shanghai gets bank boost, jumps 2.8% in mixed Asia
I`ve had the same idea. Didn`t found some at any other company.
I know this facts. But questions are...
Who ist the owner of this shares?
Where were this shares 2008?
regards
2008
Luo 3.45%
Mao 6.89%
Song 25.84%
Zhan 11.37%
ShenZhen Huayin Guaranty & Investment Company Limit 5.43%
2009
Luo 3.45%
Mao 6.89%
Song 25.84%
Zhan 11.37%
CEDE&CO 41.14%
SHGI sold 5.43% and someone (CEDE) bought 41.14%. (No Form 3 or Form 4 Filings...?)
JADA - a takeover target?
No new issue for about 2.5 years
Only 9,040,000 shares freefloat. 11.31%
Management 29.29%
>5% Holders 59.4%
(10-K page 28)