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Like I wrote, since the beginning of the year the stock price isn't going down anymore!
It is proven now already like 7 months, it is lately even getting stronger to the upside, hopefully the next quarter will give the final push !
and meanwhile up again...
You can clearly see that there is a longer bottom forming. This didn't happen since a very long time, this means it can go up OR down again.
The numbers will have to proof it, if the company improves again this will go up, but still a couple of real good quarters needed to go up to $0,50 though...
ESEA confirmed !!!
The earning of ESEA are really good, a lot more than previous year.
The stakeholders equity went up with 25% and will double of that this year !
The current per share stakeholders equity is $15 with $54 million cashflow
Summary of year 2021 results :
- Revenue and gross profit jumped higher
- Much higher net loss
- Higher short term debt
- Higher long term debt
- Paid off ( and converted ) 2 notes ( read debts )
- A lot more numbers of shares
So "this year" the company :
- has to push for more revenue and more gross profit, now that corona crisis is under "control"
- the company needs to reduce debts
Both points would be a for a better future ! That is why the stock price is table since some months.. now company needs to prove it !
The only positive point that is good about the publication of ABCE's S-1/A is that the "gross profit" end september ( Q3 2021 ) was positive and it was almost 30% profit of the revenue.
Next step is getting profitable "net income from operations".
Of course the bad news is the 150 million extra shares at $0.001 and a very negative shareholders equity
I think it stabilises at this level... now we need contracts / profit etc to move up higher...
But if you look the graphic with candles sticks you see the latest movements... stabilising at this level
Funny that you all say that... but today again almost 20% higher at $0.0095 with another high volume....
Could be a nice rally next week.. But not based on any news, so temporary higher, then wait for news....
Indeed no sense, or someone is buying in....
We need news, because this rally of today will cool off back down, maybe more to come... who knows
Till now 150% up in one day, this is really rare ( ok it went down a lot but not in one day ... )
The only news I found is that it got noticed for its momentum..
https://www.drpjournal.com/otc-momentum-watchlist-nafs-idgc-gegp-dcac-abce/
Now wait and see...
A big volume surge again... not seen since very long time.
Went up a lot higher.. somebody know what is happening ?
Any news ? Or is tomorrow the news coming out ? Because all recent earnings are filed....
The problem is that Zoom is limited in their functions, thereafter you have to pay.
There are many new possibilities now : Teams / Google Meet , even Whatsapp and Messenger...
The only good thing is that the corporation has new products, but most investors go for other stocks now... even some investor magazines ( like Fool ) replaced them with better companies for the future
It is better for you that you read this
a "Post reverse" +
https://www.otcmarkets.com/filing/html?id=15408588&guid=kDIwkpAMy8vnFEh
=> Absaroka Communications Corporation and Domer LLC, are the Selling Shareholders, selling 120,000,000 shares and 30,000,000 shares, respectively. See “plan of Distribution” below.
=> Clean up of working capital deficit AND high debts :
Our working capital deficit at September 30, 2021 was $(1,251,205) and it was $(1,509,716) at December 31, 2020. This decrease of $258,511 was primarily due to gains from conversion of debt from current to long term or discounting the debt on payoff. Also, the decrease is caused by reductions in overall debt from $1,926,206 at December 31, 2020 to $1,548,051 at September 30, 2021. Losses from operations during the nine months ended September 30, 2021 also decreased from $(799,162) to $(209,295) for the same period ended September 30, 2020.
=> all your remarkt about dilution :
https://www.otcmarkets.com/filing/html?id=15408588&guid=kDIwkpAMy8vnFEh#ABCOENERGY20211201_S1_HTM_DILUTION
“Dilution” represents the difference between the offering price of the shares of common stock and the net tangible book value per share of common stock immediately after completion of the offering. “Net tangible book value” is the amount that results from subtracting total liabilities from total tangible assets. As of December 31, 2020, our Company had a negative book value of $(1,377,655), which represents approximately $(.02) per share post-split, based upon shares outstanding of 70,462,489. This is due in part to shares of common stock issued upon conversion of certain promissory notes during the fiscal years ended December 31, 2020 and December 31, 2019.
Please refer to the section entitled “Interest of Management and others in Certain Transactions” for more information. Assuming all shares offered are sold at an assumed offering price of $.02 and in effect we receive the maximum estimated proceeds of this offering, our total shareholders’ equity will be approximately $1,322,345 and our net book value will be approximately $.006 per share. Therefore, any investor will incur an immediate dilution of approximately $(.014) per share. Our present shareholders will receive an increase of $.026. This will result in a 70% increase for 100% of offering. If 10% of the offering is sold, any investor will incur an immediate dilution of approximately $(.013) per share. Our present shareholders will receive an increase of $.007 per share. This will result in a 65 % increase for 10% of the offering. The following table illustrates the dilution to the purchaser of the common stock in this offering assuming the maximum proceeds or the minimum proceeds are raised and that the total outstanding shares at September 30 , 2021 was 70,462,489 shares.
These numbers are calculated on Post Reverse 1 for 170 reverse split calculated at January 4, 2021
Container sector is so hot that ships rent for $200,000/day
Euroseas (NASDAQ: ESEA) confirmed this week that it chartered its 2009-built, 4,250-twenty-foot equivalent unit container ship Synergy Oakland for 60-85 days at a gross rate of $195,000-$202,000 per day starting in the second half of October.
https://www.hellenicshippingnews.com/container-sector-is-so-hot-that-ships-rent-for-200000-day/
If the stock goes up today, this is another confirmation of a reversal candle stick ( immediately after the previous one, green candle was 40% higher of previous red candle body ).
On top of it, it has not broken multiple times through the resistance level of $83,90.
Be ready to buy, next days will be bullish, so for very short term for sure!
It moved higher and more volume...
But I don't see anything about this news...
I have no clue what happened the 24 august, I was trying to find some news.. nothing !
The good thing it formed a bull flag the days before and it stayed in the flag, above $89,53 could give the start up to $94,45, after to previous high ?
How you can predict a future massive dilution? You can't know how it will go in the future !
Their selling is picking up, so automatically the company needs less cash.
I didn't speak about the past performance of this stock. That is obvious with previous results and stock split + dilution.
Yes the company did many years bad with company + big dilution..
I am speaking about the future. Look there results, it really improved, included the debts, now it is up to the company to grow.
Ah I thought so you would react.
It is only the first profitable quarter since a long time ago, so this needs to be confirmed with the next quarter.
I think next months the company will dilute less or not even much anymore.
Because their "Total Current Liabilities" did go down $400K +, that is almost 20% less debts than 6 months ago, which will help ( included the note to pay back ).
Really great news from last quarter ( Q2 2021 )
The company is "already" in profit :
Net income from operations : $86,450
Net profit of $44,518, this is $0,01 per share !!! ( to be more precise, it is $0,0014 just for Q2 2021 )
This is a great improvement ! Finally !
The company doubled the revenue compared with last year AND "most" of the loss of Q1 2021 is being erased, the next quarter will be profitable too, this means a profit already in 2021. The company can keep growing !
10Q filing of Q2 2021 of ABCE :
https://www.otcmarkets.com/filing/html?id=15180368&guid=wQq1kFT4WVazIth#ABCOENERGY20210630_10Q_HTM_A1
So Q1 + Q2 2021 total of $1.57 EPS
https://seekingalpha.com/symbol/ESEA/earnings
This means with a P/E of 30 this should give a stock price around $47 AND this just based on earnings of a half year 2021 !
So if I only "double" the earnings, the stock should be $94 :-O Even with a P/E of only 25 it gives a stock price of $78 and current price is $21 :-O
The next quarters will be giving a much higher EPS than the actual 2 first quarters..
These very profitable quarters didn't happen since at least 10 years for this company. So imagine soon when this stock will get noticed by many fundamental analyzers.. and technical it is still in uptrend !
Euroseas EPS beats by $0.22, misses on revenue
https://seekingalpha.com/news/3729108-euroseas-eps-beats-0_21-misses-on-revenue
The EPS is much higher than estimated !!
UTSI results for Q2 2021 will be released very soon ( normally today, if not coming days )
The numbers will show an big improvement compared with last year ( covid year ). The company has changed the board of directors included the CEO, the 5G industry is getting closer and closer.
China industry is getting full power again, India is still a bit behind, but it is matter of time. So the earnings/results will improve for UTSI.
Next quarters we will see the effects of the new products and services, which will help the stock price.
Q2 2021 Results after the market today ! ( 11 august 2021 after market close )
Each quarter will be better and better, all this because of much higher prices of contracts !
Have a look at the earnings :
https://seekingalpha.com/symbol/ESEA/earnings
Look at the annual estimates, this company will be more and more profitable.. This stock is going to soar, if you take a P/E of 20 only ( normally it is around 30 ) this means a price of $90 or more based on year 2021, the year after it will double almost ( don't forget stock prices are based on future earnings )
There is no news lately, so nothing that helps this stock to go up for the moment. It held well lately, but slight going down again...
Soon the Q2 2021 will come out, should give an indication of the revenue, you will see that the costs will be much lower than last year, because of cost cutting and debt change.
The covid-19 is still there but the business has picked up since the beginning of this year... so should improve more and more..
This is for the middle long term.. short term I have no clue !
and because of this zoom is going down 2,5 !
Yes it is proven that uptrend is stopped for the moment.
It goes even below $70 !
ESEA super cheap... buy recommandation.
Look their latest earnings :
https://www.investing.com/equities/euroseas-ltd-earnings
The next quarter ( Q2 ) will be higher too, and the quarters after too because the much higher contracts till 2022 !!
Look at Q3 estimates !! It will be easily $4 per share in earnings with a P/E of "only" 30 this means the stock will be $120 :O ( not even most optimistic ones !!)
Sudden rise...
Thus anyone know what is happening ?
Last days the stock is going higher and higher, each day more.
The pre-market price is jumping much higher today.
Any news coming out ? Other information...
This can have big jump, depending of news, $3 is very closeby !
More container ships score ‘astronomical’ $100,000/day rates
More excellent news for Euroseas !!
https://www.hellenicshippingnews.com/more-container-ships-score-astronomical-100000-day-rates/
Indeed finally people see their financial results and steady future..
The stock is going up steadily, nice to see !
Outstanding shares barely higher ! => 35,754,570
https://www.otcmarkets.com/stock/ABCE/security
This is good news ! And proven last month almost no dilution...
Proven again... with the results going down ( sell on news ) but after it goes back up, we are at highest price of the year now !!
Which is normal, the 1st quarter was almost the same EPS for the whole year 2020 !! This year it is even to grow more, the company has higher prices for their cargos..
EPS 2021 between $3 and $5, with P/E of around 30, meaning it could go between $90 and $150 ! Wooow amazing...
If you don't believe me do check yourself
Here overview of last 4 years - look all the numbers going all the same way !
https://www.otcmarkets.com/stock/ESEA/financials
With the move of yesterday, there is a buy signal.
It even went more higher... news to come ? Results already ?
You are right, the debt will be paid off when the company gets more and more orders to fulfill. Back to before COVID-19 times..
Do not forget ABCO was hit early ( already in Q1 ) because China couldn't deliver the supplies/material anymore for some months...
So really good the company is already slightly higher than Q1 2020.
Economy is improving everywhere ( which is not difficult ) and vaccination campaigns are in full power..
Crazy that nowadays on earnings results people sell the stock ( here also the case ) even when the EPS AND revenue are so high and good.
Probably the fault of those putting high "estimates"...
But anyway the stock will keep moving higher, that is already proven many times after the earnings releases... enjoy the bargain for as long as it lasts
Forecast of Zacks for ESEA :
Q1 Q2 F1
Current 0.58 0.97 4.49
EPS : $4.49 with PE of 30 is around $120 for stock price, now it is $15 :O
Earnings are out !!! Really good numbers :
Revenue : $ 14,31M
=> highest revenue since earnings announcement 27 march 2020 => Q1 20202 !!
EPS : $ 0,53
=> triple of the result of 27 march 2020 ( Q1 2020 ) => higher than more than 8 years, yes 8 years !
The agreements are already renewed with higher value per contract.
So if 0,53 for each quarter ( like Q1 2021 ),
this means around $2 EPS for 2021 with P/E of 30 => stock price will be $60 and this is the lowest price, because normally the EPS will go up gradually easily to $2,5 so $75 for stock price, and of course the stock price always base itself on "future" earnings...
This company is back on track after soooo many years going not soo good at all !! Excellent news !!