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ACLO reported $.05 vs $.04, revenues up 58% to $99M
and the Q contained this very important tidbit, "The Company has recently received the fully executed renewal agreement from Samsung." Samsung continues to grow like crazy worldwide. ACLO now features twelve-month trailing EPS of $.11, for a P/E of about 5!
ACLO.. $0.542..
ACL Semiconductors Sales Up 45 Percent in 2009 to $304.7 Million
PR Newswire - Apr 23 at 09:05
Company Symbols: NASDAQ-OTCBB:ACLO
- Net Income Totals $2.9 Million -
HONG KONG, April 23 /PRNewswire-FirstCall/ -- ACL Semiconductors, Inc. (OTC Bulletin Board: ACLO), one of Asia&;s largest distributors of memory chip products, today announced that net sales for fiscal year 2009 increased 45 percent to $304.7 million compared to net sales of $209.6 million (restated) in fiscal year 2008. Sales in the fourth quarter ended December 31, 2009 increased 57 percent to $90 million.
Net income in fiscal year 2009 totaled $2.9 million compared to a loss of $(172,872) in fiscal year 2008. Income before income taxes totaled $3.6 million in 2009 compared to a loss the previous year.
Gross profit increased to $8.5 million in 2009, a 104 percent improvement compared to $4.2 million in 2008.
The Company, which is one of the largest distributors of Samsung memory products for Hong Kong and Southern China, said increased sales was due to increasing demand, limited supplies, and higher selling prices. It said its improved financial performance also occurred because of a decrease in bank interest expense due to a reduction in external financing.
The complete filing is available at www.sec.gov.
ACL Semiconductors distributes electronic components under the &;Samsung&; brand name to the Hong Kong and South China markets. The memory chips are used from everything from a mobile phone, digital camera and laptop computer to an MP3 player or Wi-Fi product.
Safe Harbor: This information contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In particular, when used in the preceding discussion, the words &;plan,&; &;confident that,&; &;believe,&; &;scheduled,&; &;expect,&; or &;intend to,&; and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, the availability of components and successful production of the company&;s products, general acceptance of the company&;s products and technologies, competitive factors, timing, and other risks described in the company&;s SEC reports and filings.
Kenneth K. Lee
klee@atlantic.com.hk
415/812-8626
Paul Knopick
E & E Communications
949/707-5365
pknopick@eandecommunications.com
very cool news. And the stock bounced back up nicely today because of it.
This is perhaps the most perplexing stock in my portfolio. It trades thinly and far under what a company with $300m of revenue and only 28m OS should be valued at.
Since Samsung resigned their partnership agreement with ACLO, this company should be on solid ground through at least 1Q of 2011.
I think you've talked about a pps of $1.20 by next quarter. I'd be severely disappointed if that didn't come to be.
Huge Q reported earlier today. Should see more upside from here.
"Net sales for fiscal year 2009 were $304,655,159, which increased by 45.4% or $95,098,233 compared to fiscal year 2008. The net sales for the quarter ended December 31, 2009 ("2009 4th Quarter") was $90,357,166, representing an increase of 56.8% compared to $57,613,777 for the quarter ended December 31, 2008 ("2008 4th Quarter"). The net sales increase was mostly due to limited supplies as well as higher selling prices for memory products due to the increasing demand. The increase in net sales also provided higher rebate income from Samsung.
The Company's gross profit for fiscal year 2009 was $8,478,982, representing a 103.4% increase compared to $4,168,640 for fiscal year 2008. Gross profit margin for fiscal year 2009 was improved from 2.0% for fiscal year 2008 to 2.8%. The Company reported income before income taxes of $3,573,873, representing a 3,780,616 increase compared to $206,743 loss before income taxes for fiscal year 2008. The results were mainly due to the increase in gross profit and decrease in bank interest expense due to reduction on external financing from banks
The Company had recorded its net income of $2,922,483, representing a $3,095,355 increased from net loss of $172,872 for fiscal year 2008. The amazing growth was due to better market condition and supply shortage, which led to higher selling prices compare to the fiscal year 2008. The gross profit for 2009 4thQuarter was $653,721, as compared to $696,623 for 2008 4th Quarter, representing a 6.2% decrease. The gross profit margin for the Company for 2009 4th Quarter was 0.7%, compared to 1.2% for the corresponding quarter in 2008. The decrease in gross profit margin was mainly due to the increase of cost of goods sold compare to the 2008 4th Quarter.
The Company predicts that the supply shortage will continue in 2010, while the average selling price and demand for memory components will be steady. The Company believes its sales turnover and gross profit margin will continue to increase in 2010 as the Company is expanding its business."
Yep, spooked some for sure ... i'll be ready with me net if they push this down much further
It's reacting to the latest news, no? Spooked some investors.
She trades so thin, not many followers ... tough to liquidate a position here other than by hitting the bid like someone did.
10K should be coming out sometime next month, hopefully that opens some new eyes.
What's your guess on what will happen to this one Kuwlness?
Brutal week so far.
Should be end of month. Last year, they released earnings late though. Looks like it was on April 14th.
Yep, all the sellers left in the .40s, shouldnt have much left but longs and/or some flippers.
ACLO has been on fire lately.
Looking forward to this next financial statement. They should be tearing up the house...
yep, early here and hung over. sorry to waste everone's time.
Lets be green this week.
FMTW
Nothing, it's old financial information.
What does this do to us?
http://finance.yahoo.com/q/is?s=aclo.ob
potentially great news for ACLO.
Samsung reports excellent Q4 results...
(COMTEX) A: Samsung Electronics reports quarterly record in Q4 earnings (
Xinhua )
A: Samsung Electronics reports quarterly record in Q4 earnings ( Xinhua )
SEOUL, Jan 29, 2010 (Xinhua via COMTEX) --
Samsung Electronics Co., the world's
largest maker of memory chips and flat screen TVs, reported Friday
a quarterly record of 39.42 trillion won (34 billion U.S. dollars)
in consolidated revenues for the fourth quarter of 2009, up 18.9
percent from the previous year.
The company also reached an operating profit of 3.70 trillion
won (3.19 billion U.S. dollars) for the cited period, reversing
last year's loss of 740 billion won (638.2 million U.S. dollars)
in the same period, although it was a 12.5 percent decrease
quarter-on-quarter, Samsung said.
Backed by strong earnings in the fourth quarter, Samsung's full
year 2009 revenue reached 136.29 trillion won (117.5 billion U.S.
dollars) and an operating profit of 10.92 trillion won (9.4
billion U.S. dollars), both company records, it added.
The quarterly sales growth was largely brought by improved
pricing for memory semiconductors and seasonal increase in
consumer electronics sales, Samsung said, adding that it forecasts
another positive growth across its businesses in 2010.
"Despite the uncertain business environment in 2009, Samsung
was able to achieve record revenues and strong profitability based
on our technological and marketplace leadership," said Robert Yi,
Vice President and Head of Samsung Electronics' Investor Relations
Team.
Despite the upbeat reports, Samsung Electronics shares dropped
2.97 percent to 784,000 won (674.99 U.S. dollars) on the Seoul
bourse Friday.
Copyright 2010 XINHUA NEWS AGENCY
*** end of story ***
I'm not saying it can't be > $2. I believe that a more near-term price this year would be $1.20. This would be at the point where the stock is more discovered. I believe in fluctuations from $1-1.40 before it's rise. But for a SP>$2, you're gonna have to have a good IR firm and much more exposure than we're seeing right now.
why in the $1.20 range?
Perhaps I have bad numbers, but a Chinese semiconductor company like SMIC who made $323 million in revenues last quarter has a market cap of $1.8 billion.
Aclo on the other hand had revenues of about $70 million last quarter and has a market cap of only $15.8 million? And it's profitable to boot, unlike SMIC.
Why shouldn't it be >$2?
For the record, I've got bids in at .52, and nothings going through. I'm not understanding why the ask didn't change...I want enough shares so it would register on the boards. Hopefully, I'll get a few. I'm holding onto this one before the boom. It's not a matter of if, but when. This should be in the $1.20s. Eventually, you'll see the ECSC board take more notice of it once other value-stocks have risen to respectable levels. This will soon be a respected stock.
Last trade still .55 ... high bidder is .47. Low seller is .65.
Wont stay cheap/unnoticed for much longer.
it is a red-hot sector and it does look like ACLO's PE is below some of their peers.
Something got to give on this and when it does, should be interesting to watch.
But, I'm showing that it's back in the 40's again. Thought it would since this one trades so thinly right now.
I think they'll bring in .03-.05 EPS for the final Q of '09, which would bring their '09 EPS to over .10. So, we're trading at a miniscule 5PE in a red-hot and growing sector.
I guess it's all about Q4 '09 and Q1 '10. If these Qs both look solid and show they can continue to grow, I dont see why this wouldnt be trading over a dollar. JMO
what would you peg ACLO's fair market value. If this stock wasn't so illiquid, what range do you think it would be trading at (after the pop)?
I agree. ACLO will see an eventual rise back to the .80s. Think of all the other undervalued stocks that eventually got their due. When people start looking for the next value stock, they'll eventually come across ACLO, and it will do what China stocks have been doing a lot as of late. Thus my positions in SRRY, CSGJ, and NFEC. They're all just around the corner doubles in my opinion. Time to get on board...after all, I've missed quite a few lately...selling too early has been my downfall.
And if for some reason ACLO hits the low-to-mid 40's, I will be stocking up big time.
Not sure about that, I think we got out the weak-hands in the high .40s already. Think all the flippers/sellers are gone. Now just need buyers, but that nasty spread doesnt help at all.
aclo back to being aclo today.
should start moving downward to the 40¢ range again. *sigh*
Nice to see ACLO getting a little attention.
Lol yeah these little-known companies just randomly pop on no news. Frustrating to hold, but very profitable if you can be patient. I was doing a lot of buying at .48, so I'm happy with my buys right now and have lowered my avg price as well. Things starting to finally turn back around here.
Should hit radars today, especially after triggering the SAR
Wow, finally some action. I almost sold this last week but i have such a small position i figured i would wait and see. My avg is $0.60 so glad to see this get to green for me.
Let's keep it up here.
Yeah, too bad someone couldnt wait to sell their shares and had to under-cut the ask by so much. Ahh well, it'll get noticed now. SAR was triggered today
aclo seeing some crazy behavior today. more to do with low volume than anything else perhaps.
I dont think you'll have to wait until the end of the year for this to be over $1. 10K due out in March/April. Should bring a lot of new eyes as their YoY numbers should look outstanding. JMO
L2 has been acting strange. NITE is currently the only seller under $1, and this is probably a retail seller just flipping out at a significant loss. Great buying opportunity and it's nice to see the bid/ask tightening on a daily basis.
Yeah, we've all been saying that for months. A true head scratcher.
i'll be extremely disappointed if this one doesn't finish off the year at above $1.
This seems to be a company that should firing on all cylinders right now and the volume is just flat out embarrassing.
I was glad to see that they hired someone for U.S. investor relations. Hopefully that will have a huge positive effect on this company's share price/volume.
Not enough eyes on it. Financial re-statements today might bring in some new eyes. Everything looking good here IMO, growing revenues and EPS. Next Q should really light a fire under its ass IMO.
Interesting L2 action. NITE currently only seller under $1. I think a big move is coming
ACLO's Technologies:
DRAM, used in:
1) Digital Video Broadcasting -- Set-top boxes (check ZSTN for revenue increases as this is their primary form of income)
2) Surveillance Systems (hmmm, China & Big Brother go hand-in-hand)
3) Portable DVD Players
4) GPS Units (popular)
5) LCD TVs (hot x-mas item again)
6) Memory for your computers
7) Routers
8) Digital Photo Frames (big x-mas gifts this year)
Flash, used in:
1) GPS Units
2) MP3, MP4, & MP5 players
3) Mobile Phones
4) USB Pen Drives
5) SSD (solid-state drives, gaining popularity fast)
6) Flash Cards (all smart phones use these now)
Graphics, used in:
1) Notebooks
2) VGA Graphics Cards used in PCs & Notebooks
I can't argue that fact.
MMs buying this bottom ... this wont go unnoticed too much longer.
Beautiful Dragonfly Doji on today's chart, key reversal day IMO. Lets see what next week has in store for us.
Well-said MGP. We're sitting on .08 EPS YTD (with another Q to report) and we're trading at .50. This will be one of those stocks that people wait for confirmation to buy ... they'll happily pay $1+ for what I've been buying at .50 for the last few days.
Loving these cheap shares and with the updated website, I think we're in for a surprise 10K early next year. Wont be selling this for anything less than $1 either way ... hang in there man.
ACLO. My wayward stepchild. The one I thought would turn out to be a preacherman is momentarily in a backslidden state.
I still love you son. Come back home.
Website updated: www.acl-semicon.com (slow to load)
Lots of new information about the products their equipment is used in.
Some one wants out. Some one wants in. I think this HAS TO BE a bottom.
Just my opinion.
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The Company is one of the authorized distributors in the Hong Kong and southern region of the People’s Republic of China markets of memory products of Samsung Electronics Hong Kong Co., Ltd. ("Samsung"), a wholly-owned subsidiary of Samsung Electronics Co., Ltd., the world’s largest producer of memory chips and a global producer of memory products, pursuant to a distributorship agreement with Samsung (the "Distribution Agreement") since 1993. Atlantic was established as a Hong Kong corporation in May 1991 by Mr. Yang as a regional distributor of memory products of various manufacturers. In 1993, Samsung appointed Atlantic as its authorized distributor and marketer of Samsung’s memory products in Hong Kong and overseas markets. In 2001, Atlantic established a representative office in Shenzhen, China and began concentrating its distribution and marketing efforts in Southern China.
Since 1993, Atlantic has diversified its product portfolio to include all of Samsung’s memory products marketed under the "Samsung" brand name which comprise Dynamic Random Access Memory ("DRAM"), Double Data Rate RAM ("DDR"), Graphic Random Access Memory ("Graphic RAM"), NAND FLASH, NOR FLASH, and Multi-Chip Packing ("MCP"). Atlantic believes it is one of the largest and most successful distributors of Samsung memory products in Hong Kong and Southern China.
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The Company’s business objective is to build the best memory solutions platform for electronics manufacturers in the region. It also aims to offer updated market intelligence to Samsung in connection with the Hong Kong and Southern China markets’ demand in memory products and secure high-quality Samsung products in order to meet the market demands of individual and corporate users in Hong Kong and Southern China. The Company works closely with Samsung and presents Samsung with updated market information that its collects from retail channels and corporate users to assist Samsung to plan their production and allocation schedule in advance. The Company’s business strategy is to assist Samsung in implementing their production planning using market intelligence to balance the supply and demand of memory products in the Hong Kong and Southern China markets. Accordingly, the Company maintains and develops a sales and market research team to answer marketing questions from Samsung on a regular basis. In addition, the Company has established distribution channels covering retail outlets and major corporate users in the region which allows those retail or ultimate customers a secure stable supply of Samsung’s memory products with competitive prices. The Company is a non-exclusive distributor of Samsung, and enjoys a minimum guaranteed gross profit margin range of approximately 1.5% to 2% of products sold in form of sales rebate payable by Samsung.
Approximately 80% of the Company’s revenues are derived from sales of Samsung memory products. As of December 31, 2008, pricing for the Samsung memory products ranged from approximately $0.17 to $750 per product depending on the product specifications.The Distribution Agreement has a one-year term and contains certain sales quotas to be met by the Company. The Distribution Agreement has been renewed more than ten times, most recently on March 1, 2008. The Company has never failed to meet the sales quotas set forth in the Distribution Agreement.
History and Formation of ACLO
Incorporated in Delaware Sept. 17, 2002 as Print Data Corp., a wholly owned subsidiary of Print Data Corp., a Nevada concern (Print Data Nevada). Name changed to ACL Semiconductors Inc. Dec. 16, 2003. October 11, 2002, merged Print Data (Nevada), its former parent, with each Print Data (Nevada) Common share converted into one Common share and each Print Data (Nevada) Preferred share converted into five Common shares of the company, which continued as the surviving concern. Print Data (Nevada) was originally incorporated in Delaware Aug. 15, 1984, and on Sept. 13, 2001, merged Odyssey Capital Group, Ltd., a Nevada concern, which then changed its name to Print Data Corp. (Nevada) on that date. In the merger, shareholders of the Delaware concern received 7,500,000 Odyssey Capital Common and 642,576 Odyssey Capital Convertible Preferred shares. Concurrently, an additional 790,000 Odyssey Capital Preferred shares were issued to certain advisors and consultants as part of the merger transaction. Odyssey Capital Group, Ltd. was incorporated in Nevada June 26, 1987 as Dayton Filmcorp, and on July 8, 1987, merged World Energy Solar Technology Corp. (a Utah concern), with Dayton Filmcorp as the surviving corporation. Name changed to Universal Marketing and Entertainment, Inc. Nov. 10, 1994; and to Odyssey Capital Group, Ltd. May 11, 2001. September 30, 2003, issued 22,380,000 Common shares to acquire all shares of Atlantic Components Limited, a Hong Kong concern incorporated on May 30, 1991. In connection with the acquisition, the company conveyed the assets of its historic information supply business to New Print Data Corp., in exchange for 999,999 New Print Data Corp. Common shares. On Oct. 1, 2003, the company sold its entire holdings in New Print Data Corp. to holders of the company's Series A Preferred shares in exchange for cancellation of the company's outstanding 500,400 Series A Preferred shares, representing 100% of that outstanding series of Preferred.
Established in year 1991, after 3 years experience in memory IC business and other electronics components, we started as the Hong Kong Authorized Distributor of SAMSUNG Memory products. In 2002, we set up our Shenzhen Representative office to further expand the market share and to provide technical support to our end-customers in China region. SAMSUNG memory products include a large variety of types, such as DRAM, Synchronous DRAM, Graphic Memory, SRAM, Flash memory, MCP (Multi-chips package)... etc. which are applicable in the whole electronics field from the most complicated, high-end computer products to consumer products. Having over 15 years experience in electronics industry, Atlantic is specialized in providing professional knowledge to our end-customers. We are able to provide them tailored solutions and continued technological innovation that meet with the ever-changing market demands.
---------------------------------------------------------------------------------------------Authorized: 50,000,000 as of August 13, 2 Outstanding: 28,329,936 as of August 13, 2009 Float: The public float is 5.5 million shares
American Stock Transfer & Trust Company
59 Maiden Lane
New York, NY 10038
---------------------------------------------------------------------------------------------
Look at the Growth of the company over the last 5 years. This info below on the Quartly Report Information chart does not have their most recent 2Q(2009) Record report of $74,004,040. With a quaterly eps of .07
(The Company’s gross profit for 2009 2Q was $2,207,517, representing a 58% increase compared to $1,394,945 for 2008 2Q.)
Obviously ACLO is on track for a Record Year. Now you see why I'm surprized it's not trading over $1.00 already.
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