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Stock is getting another surge today late hours..it its very bullish indeed it has an undefined and unstable base price as trading paradise range of values.i will get more stable in higher valuations once production run their first and second cicle
you see..it closed over .031. monday to the races baby
its going to. 10 cents my friends and .25 to .50 in a year
60000 dollars in one day
Anyone can say anything that they want but have 60000 dollars en profits and want more in the second wave
good move....that is price got early in the day..its coming back around .034..some people feel inclined to take profits..that is normal
panic selling.. it will not last there
very good.....i support your vision
This thing is going to .10 cents. i have companies are not producing anything trading at higher multiples. This one is very hot and can trade at higher price ratios. I do not said its cheap..i just said it can sustain higher valuations..someone said sometime ago in this board it can go to .055 because industry. Now how do you value a company in billions industry that will be producing in a month of two? i sold early some shares that i never should sell but got lucky and had a nice reentry point.. i am holding my millions shares for the second big wave..
Agree.I like $5 instead minimun with other comparables. it is sweet deal for insiders but not for me as south america are risk free to me and nevada investment has and plant approved and production in plans. They are not paying for any of the risk exploration in the past or present. Greed is good so $5 . i just send my ballot with a denied for the merger
it may be last opportunities to accumulate. I am surprise the stock is not in the .25-.50 cents range as an speculative good play. i am in middle to long term as with most of my pharmaceuticals
In one of the last releases They claim that are cash free and will use new investment in growing business within the cloud business. Please show me a path for the "huge preferred and common shares". That can show real debt reduction use of cash .Same old bullshit with these people
I went over the earnings trancript and everything looks like business to me
Current market does not reflect in the huge undervaluation of the capital shares but sure analists and portafolio managers will be taking a second look at the company now. The stock is available to be in margin retirement accounts anyway for those interested here is link
https://seekingalpha.com/a/2ftuk?p=djnw
Huge earnings as anticipated. it should be interesting as stock earnings are saturated in value
Highpower International Reports Unaudited Second Quarter First Half 2017 Financial Results
6:00 am ET August 10, 2017 (PR Newswire) Print
Highpower International, Inc. (NASDAQ: HPJ) ("Highpower" or the "Company"), a developer, manufacturer, and marketer of lithium ion and nickel-metal hydride (Ni-MH) rechargeable batteries, battery management systems, and a provider of battery recycling, today announced its financial results for the second quarter ended June 30, 2017.
Second Quarter 2017 Highlights
-- Net sales for the second quarter of 2017 increased by 40.7% to $51.7 million from $36.7 million in the prior year period.
-- Gross profit for the second quarter of 2017 increased by 57.9% to $12.1 million from $7.6 million in the prior year period
-- EBITDA for the second quarter of 2017 increased by 67.1% to $6.5 million from $3.9 million in the prior year period.
-- Net income attributable to the Company for the second quarter of 2017 was $4.4 million, or $0.28 per diluted share, as compared to $2.1 million, or $0.14 per diluted share, in the prior year period.
Mr. George Pan, Chairman and CEO of Highpower International, commented, "We are extremely pleased to deliver yet another quarter of strong top- and bottom-line results in the second quarter of 2017. Our lithium ion battery and battery solution business continued to enjoy healthy growth, driven by continued high demand for energy storage systems, smart wearable devices, and other digital products. Our gross margins performed well as we continued to benefit from efficiencies of scale, and we continued to invest in areas that are critical to our business.
As we enter the second half of 2017, we expect a stronger cash position and reasonable growth given our much higher baseline. We believe that the cash received from the previously announced equity transfer of our Yipeng ownership will help us expand our production capacity and research and development efforts. We also look forward to seeing the financial benefits of the previously announced partnerships for supplying batteries to industry-leading smart vacuum brands as well as supplying PHEV and EV to Yipeng. We will continue to drive our business forward by focusing on strategic partnerships. We are well-positioned to take advantage of strong growth opportunities and expand current partnerships with leading brands."
Second Quarter and First Half 2017 Financial Results
Net Sales
Net sales for the second quarter of 2017 increased by 40.7% to $51.7 million from $36.7 million in the prior year period, primarily attributable to the substantial growth in revenue from the Lithium and New Materials segments, driven by increased demand in consumer products including portable power stations, digital products, smart wearable devices, and notebooks.
Net sales increased 42.1% to $93.6 million in the first half of 2017 as compared to $65.8 million for the first half in 2016. The increase was driven by higher sales volume and revenue from the Lithium and New Materials segments.
Gross Profit
Gross profit for the second quarter of 2017 increased by 57.9% to $12.1 million from $7.6 million in the prior year period, primarily attributable to a higher margin product mix and efficiencies gained from economies of scale. Gross margin for the second quarter of 2017 increased to 23.3% from 20.8% in the prior year period.
Gross profit for the first half of 2017 increased 62.8% to $22.0 million from $13.5 million in prior year period. Gross margin was 23.5% and 20.5% for first half 2017 and 2016, respectively.
Operating Expenses
-- Research and development (R&D) expenses for the second quarter of 2017 were $2.1 million as compared to $2.0 million in the prior year period. Research and development expenses were $4.0 million, or 4.2% of net sales, for the first half of 2017 as compared to $3.7 million, or 5.6% of net sales, for the first half of 2016.
-- Selling and distribution expenses for the second quarter of 2017 were $1.7 million as compared to $1.5 million in the prior year period. As a percentage of net sales, selling and distribution expenses decreased to 3.3% from 4.2% in the prior year period, primarily attributable to the Company's customer base optimization efforts. Selling and distribution expenses were $3.4 million, or 3.6% of net sales, for the first half of 2017 as compared with $3.1 million, or 4.7% of net sales, for the first half of 2016.
-- General and administrative expenses for the second quarter of 2017 were $3.0 million as compared to $3.2 million in the prior year period. As a percentage of net sales, general and administrative expenses decreased to 5.8% from 8.8% in the prior year period. General and administrative expenses were $6.1 million, or 6.5% of net sales, for the first half of 2017 as compared with $6.3 million, or 9.6% of net sales, for the six months ended June 30, 2016.
Net Income
Net income attributable to the Company for the second quarter of 2017 increased to $4.4 million from $2.1 million in the prior year period. Net income attributable to the Company per diluted share for the second quarter of 2017 increased to $0.28 from $0.14 in the prior year period.
For the quarter ended June 30, 2017 and 2016, the Company's weighted average diluted shares outstanding used in computing diluted share was 15,479,357 and 15,102,877, respectively.
Net income attributable to the Company for the first half of 2017 increased to $6.9 million from $1.7 million in the prior year period. Net income attributable to the Company per diluted share for the first half of 2017 increased to $0.45 from $0.11 in the prior year period.
For the six months ended June 30, 2017 and 2016, the Company's weighted average diluted shares outstanding used in computing diluted share was 15,304,773 and 15,103,886, respectively.
EBITDA
EBITDA for the second quarter of 2017 increased by 67.1% to $6.5 million from $3.9 million in the prior year period. EBITDA for the first half of 2017 increased by 124.9% to $11.5 million from $5.1 million in the prior year period.
A table reconciling EBITDA, a non-GAAP financial measure, to the appropriate GAAP measure is included with the Company's financial information below.
Balance Sheet Highlights
($ in millions, except per share data) June 30, December 31,
2017 2016
(Unaudited)
$ $
Cash $19.3 $9.3
Total Current Assets $126.0 $104.5
Total Assets $188.2 $163.3
Total Current Liabilities $133.6 $118.0
Total Liabilities $133.6 $118.0
Total Equity $54.5 $45.3
Total Liabilities and Equity $188.2 $163.3
Book Value Per Share $3.55 $3.00
Ganzhou Highpower
Shenzhen Highpower Technology Co., Ltd ("Shenzhen Highpower"), Xiamen Tungsten Co. Ltd. (SHA: 600549) ("Tungsten"), and other minority shareholders of Ganzhou Highpower Technology Co., Ltd. ("Ganzhou Highpower") have been in discussions regarding, and Tungsten recently announced that its board of directors has approved, a proposed investment of RMB 78.8 million (or approximately $11.8 million) in exchange for the acquisition of 47% ownership of Ganzhou Highpower, the Company's majority-owned subsidiary. Shenzhen Highpower would not be transferring any of its equity ownership of Ganzhou Highpower and it would not receive any of the consideration, which would be given directly to Ganzhou Highpower. The proposed transaction is subject to approval by Highpower's board of directors and execution of a definitive binding agreement and related documentation, satisfaction of conditions included therein, and other customary approvals and conditions. As a result of this transaction, if consummated, Shenzhen Highpower's ownership of Ganzhou Highpower would decrease from 70% to 31.3%. There can be no assurance that a definitive agreement will be entered into or that the proposed transaction will be consummated. Further, readers are cautioned that the terms of the proposed transaction described herein, including the consideration to be issued therein, are non-binding.
Conference Call Details
The Company will hold a conference call on Thursday, Aug 10, 2017 at 10:00 am Eastern Time or 10:00 pm Beijing Time to discuss the financial results. Participants may access the call by dialing the following numbers:
United States: 877-407-3108
International: 201-493-6797
Live Ventures Incorporated Announces Third Quarter Fiscal 2017 Results
8:30 am ET August 10, 2017 (Globe Newswire) Print
Live Ventures Incorporated (NASDAQ:LIVE) ("Live Ventures" or the "Company"), a diversified holding company, today announced financial results from its third fiscal quarter, which ended June 30, 2017.
Highlights include:
-- Record sales of $41.37 million, up 107 percent
-- Gross profit up 233 percent to $16.9 million
-- Operating Income up 409 percent to $5.3 million
-- Year-to-date cash flow from operations of $8.8 million
-- Assets of over $125 million
-- 79,000 shares repurchased since inception of Company's share repurchase program through July 2017, reducing outstanding common shares to 2,010,413 as of June 30, 2017
-- Shareholders' equity grew by 5.49 percent during the quarter, to $16.22 per basic common share
All percentage changes are compared to the same period in the previous year, where appropriate.
"We could not be more pleased with our performance in this third fiscal quarter, as two of our subsidiaries each achieved a record month in June. Vintage Stock achieved record high EBITDA for any month of June since its inception. In addition, Marquis Industries set an overall sales record for that month," said Jon Isaac, CEO of Live Ventures Incorporated. "As we continue to seek out additional acquisition targets, we continue to track significant progress in terms of our financial success, which we believe translates to shareholder value."
The Company will also be holding a conference call to discuss the filing and answer investor questions today, August 10, 2017, at 4:30PM ET. Interested investors may participate in the conference call by dialing (877) 888-4291 (US domestic) or (785) 424-1878 (international) and providing the operator with the conference ID: LIVE VENTURES. In addition, details of the filing can be found on the United States Securities and Exchange Commission (SEC) website (www.sec.gov) or by visiting the investor relations section of the company's website at www.live-ventures.com.
Huge Earnings are out as suspected and expected.
This one will sail over tomorrow and following days. Happy trading in the horizon for this one
This one do no needs any flags other than a white flag by North Korea. its in a bull industry growing to accelerated rates. There is possibility that stock gets affected by current situation even as been a defense contractor you will expect interest to surge also remember some around 50000 north korea employees works overseas mostly sure in China. Anyway to be short earnings risk in the rise can send this one into double digits in short term
ok i will .thank you
Ok. Now we have an idea of petro expectations in those sites that its fine lets go back to the reasons we are all here that its to produce lico, magnesium and other valuable retail mineral for shareholders value. thank you
Another buy in at 11.86. its very easy "big money" to i am very surprised to find these valuations just one day to a forecasted good earnings of this company. its important you can see behind the smoke the value of this company and take action to your belief. Sometimes you must be a believer for things for you to happen. i am a true believer that petroleum and natural gas will be kings again for lots of the US and Canadian junior companies. i am a believer that strategic minerals like cobalt, lithium and silicon will be kings in tomorrows high tech world and finally a real true believer that cbd and cannabis medical new products will make cancer a thing from the past
These numbers are consistent with historical values . There is a rampage of oil exploration residual for some oil brine operators
MGX Minerals Announces N.I. 51-101 Estimated Prospective Oil and Gas Resource for Paradox Basin Petrolithium Project
11:20 am ET August 9, 2017 (Globe Newswire) Print
MGX Minerals Inc. ("MGX" or the "Company") (CSE:XMG) (FKT:1MG) (OTC:MGXMF) is pleased to report estimated prospective resources (the "Estimate") attributable to the Company's Paradox Basin Petrolithium Project (the "Project"), consisting of leasehold and royalty interests in San Juan County, Utah and San Miguel County, Colorado.
The Estimate was prepared by the Ryder Scott Company, L.P. ("Ryder Scott"), an independent qualified reserves evaluator within the meaning of National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities ("NI 51-101"), with an effective date of June 30, 2017. The Estimate was prepared in accordance with NI 51-101 and the Canadian Oil and Gas Evaluation Handbook. Although the salts may not perform well under stimulation or fracking, the Project contains many clastics and is highly pressurized. Management estimates the total cost required to achieve commercial production from the Project to be $8 million based on the expectation of completion of 3D seismic survey and one horizontal well being drilled. The timeline of the Project is five years, with the estimated first date of commercial production being 18 months from the commencement of drilling using vertical and horizontal drilling techniques along with proprietary patented water handling technology as the Project was conceived. Significant economic factors that may affect the Project relate primarily to operational costs, efficiencies and commodity pricing.
Table 1
Estimated Gross Volumes
Unrisked Undiscovered Hydrocarbons Initially in Place (Prospective Areas)
Leasehold Interests in San County, Utah and San Miguel County, Colorado
As of June 30, 2017
Formation OOIP - MMBO OGIP - BCF COC*
P90 P50 P10 P90 P50 P10
Paradox Clastics
CB2 658.412 861.819 1146.835 526.779 689.513 917.512 0.075
CB3 654.882 859.260 1147.780 523.955 687.411 918.239 0.075
CB4 202.121 266.404 360.542 161.712 213.137 288.434 0.075
CB5 522.456 689.867 921.363 417.988 551.901 737.155 0.075
CB6 105.779 140.097 185.564 84.633 112.088 148.469 0.045
CB7 29.664 39.368 52.916 23.371 31.498 42.334 0.032
CB8 302.101 397.712 524.047 241.692 318.199 419.258 0.068
CB9 182.282 240.960 321.274 145.843 192.782 257.041 0.068
CB10 233.259 303.841 405.630 186.610 243.089 324.524 0.068
CB11 31.746 42.134 57.031 25.398 33.707 45.625 0.032
CB12 148.630 196.857 261.902 118.915 157.494 209.537 0.045
CB13 147.025 194.154 259.693 117.625 155.326 207.764 0.045
CB14 50.415 66.798 89.782 40.334 53.443 71.833 0.045
CB15 103.477 136.703 182.660 82.785 109.373 146.141 0.045
CB16 43.581 57.665 77.645 34.866 46.135 62.120 0.045
CB17 59.391 77.819 104.356 47.518 62.256 83.486 0.040
CB18 73.100 97.038 129.444 58.485 77.633 103.568 0.045
CB19 267.712 349.741 470.387 214.184 279.803 376.352 0.068
CB20 46.692 61.024 82.382 37.035 48.824 65.912 0.040
CB21 (Cane Creek) 563.793 736.091 989.116 451.071 588.917 791.318 0.097
CB22 89.054 118.845 161.139 71.248 95.080 128.919 0.045
Leadville 6.900 14.200 25.000 317.100 465.200 660.200 0.066
*COC - Chance of Commerciality = Chance of Discovery * Chance of Development
Table 2a
Summary of Risked Prospective (Recoverable) Hydrocarbon Resources
Leasehold Interests in San County, Utah and San Miguel County, Colorado
As of June 30, 2017
PROSPECTIVE RESOURCES
RESOURCES LIGHT CRUDE OIL CONVENTIONAL NATURAL GAS- BCF TIGHT OIL SHALE GAS
MMBO MMBO BCF
Gross Net Gross Net Gross Net Gross Net
PROSPECTIVE 0.26 0.20 22.55 16.91 41.17 30.88 32.94 24.71
(High Estimate)
PROSPECTIVE 0.14 0.11 15.29 11.47 28.78 21.59 23.02 17.27
(Best Estimate)
PROSPECTIVE 0.07 0.05 10.10 7.58 19.91 14.93 15.93 11.95
(Low Estimate)
I wonder about those "initial sales contacts" and the way they will be written once the variable content of the brines value is known. the normal way of doing business with a mineral resource is a warranted supply of product in a year basics after a feasibility study is produced , a plant is build, the resource is known also the price per ton of the lico in the contractual agreement. in other way its not like you know the mother lode content for open pit after lots o drilling is completed
Its always better equity debt that long term but be aware of a sweet entry before a nasty r/s. i would rather see the company moving and marketing into the brine technology itself as some other companies are doing at this moment
Last Warming!! Live chart is showing a strong bullish BUY signal from lower levels that were set in sept last year been exact almost a year ago just under r/s levels. No further comment is needed
Warning!!! Warning!! Qtr Earnings are out August 10 and due the low float of shares and a new accounting positive report this one could and will move up the ticker very fast in higher comparable sales from last periods. The earnings ratio is very saturated in value and could sent stock to higher double digits figures during following days or weeks to the release. its been upgraded by comparative value by some of the higher research equity firms so under r/s levels the stock is showing lots of value to investors. I am a very risk investor in higher margin sectors even foreign securities but still have some that carry dividends and some considered undervalue ones and LIVE is one of the best if not the best for short and long term
There are news today. The will expand their brine lithium exploration area of of interest with up to 25% in another company. its very common to stake around when prospective area expand to other deeper rich. The deal gives them both new brine zones and hard rock also inclusive are other associated minerals. they will issue company shares to the other company .its a great move as i see it from geological value for both companies
its not wicked..its obvious.... we are heading for another bloody r/s probably in the range 1:10000. Anyway at least something is happening and it means opportunities to trade up or down for dollars that its the reason we are all here
The smoke always clear after the guns are out usually showing a lot of dead birds lolllllll. thank you
Correct in everything Sir
Can someone tell me how a "probable" reserve of around 20 millions barrels will prompt someone to bail out $2.3mm ? . Thank you
we have base camp values that were set in sept in profit taken. It may be time opportunity to accumulate some for last time before reaching for summit next week
Another dilution bloody bath to the benefit of someone. i like the part that said 'warranty shares are convertible immediately". Such a good deal for someone Ass
Its very hard to get into non sense management brain. Now the got a nasdaq listing so phantom institutional investors buy into the company at more expenses to us shareholders. Personally i do care if the stock is in the pink sheets as long as the product is properly in the market for $$$$$. Long in this one but stupid nonsense move to me and time will tell the outcome otherwise tax write off soon
I will say an adjusted value of the field will be 20 million barrels optimized is justified. Now another companies of my knowledge are moving very fast with new technologies to process crude oil water and other valued marketable minerals as magnesium and more important heavy oil treatments to make heavy oil transportation more economic and feel like we are not moving very fast in that direction that the path indicated for fast money recovery is the technology itself
Bless you!!!!!!!. We have to give the stock a more realistic discount because the industry comparative values. However been the fact its not that explosive of an industry but based in sales and performances technically the stock is trading at a huge discount not compared with Amazon or Walmart huge profits margins . Check with the old guard in this bulletin and do your own research but will give it with good sound earnings from a solid accounting firm in the qtr and a the normal discount of a possible "small law suit claim settlement" a price back to $19 dollars or better $22 if numbers are very good for the qtr. Anyway it all depends of the institutional investors confirming the company is out of the woods. Now the stock at close of around $14 today is a "bargain" to my own estimated numbers and have been buying in all the way up around $11, $12 and even $12.75 today
Agree. The potential of this one with a mere 1.3 million market cap compared with others trading at 39-68 millions in a projected several billions market share is worthy of the risk. It is my believe that this is a great entry level investment in the very explosive cannabis market
I sincere doubt but respect your optimism . There is nothing wrong with the technology but if you just look at the many billions in the share structure will confirm that in order for us to have enough for a coffee cup this company needs 100 million in revenue that i doubt will happen anytime soon inside 3-4 years. More likely we will have a bloody reverse split plus additional dilution after that following of course by stockholder massive shares sell off. Personally i am waiting for an opportunity to tax write off this garbage from a great year profits
The answer: There was not a way of deliver the cells because the immune system will destroy them and the whole thing works and is based on the local deliver bypassing liver. The applications are endless unlike many years ago that the whole industry was in infants steps more sure to come...
i always though of pmcb like a takeover target and this is reason i do buy heavy in the deeps. May be it will be a friendly buy out but will tell you that it will not be a cheap task and will predict it will go in the 800 millions to 1.8 billions range without any more products in developing range. this my personal opinion and you always must do your own research