Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
CIHD registration revoked:
https://www.sec.gov/litigation/admin/2019/34-86090.pdf
CIHD SEC Suspension for Financials / Filings delinquencies:
http://www.sec.gov/litigation/suspensions/2015/34-76784.pdf
Order:
http://www.sec.gov/litigation/suspensions/2015/34-76784-o.pdf
Admin Proceeding:
http://www.sec.gov/litigation/admin/2015/34-76785.pdf
CIHD SEC Suspension for Financials / Filings delinquencies:
http://www.sec.gov/litigation/suspensions/2015/34-76784.pdf
Order:
http://www.sec.gov/litigation/suspensions/2015/34-76784-o.pdf
Admin Proceeding:
http://www.sec.gov/litigation/admin/2015/34-76785.pdf
Think they went dark over a year ago. This is the only other recent comment I can find anywhere: http://tinyurl.com/plwt5eu
Let us know if you find out anything.
Anyone know what's going on with this company? There have not been any updates in a long time and recently no volume...
I'll try to dig something up but if anyone knows anything please share.
Finally got a reply from the company:
------------------------------------
Dear Mr ---,
First of all I apologize for the late reply, but I was travelling extensively until recently. As you know, market sentiments due to the recent developments in US has not improved. Nevertheless I can reassure you, that the status of the company has not changed, and the strength of our business is reflected by our published figures.
We are well aware of the concerns of our shareholders concerning the stock perfomance and are equally disappointed as we do not believe that the current shareprice is reflecting the true value of our company.
Hopefully market conditions and sentiment for Chinese companies in the U.S. will improve and give companies and investors back the value they deserve.
Yours Sincerely
Jan Pannemann
Changda International Holdings Inc.
Executive Vice President
Strategic Planning & External Relations
----- Original Message -----
From: ---
To: Jan@changdaint.com
Sent: Tuesday, February 14, 2012 2:48 AM
Subject: update
Jan I am a long-term investor in Changda very concerned with the lack of communication from your side. Can you give me a status update on the company or at least some reply?
Anyone have any news on Changda? They haven't released anything since financials in August, no updates to website in a year and they aren't responding to my emails. Anyone know what's up?
Little acorns can grow into giant oaks!
FRAUD RISK IS MINIMAL
http://www.fixyou.co.uk/tracker_details.php?s=CIHD.OB
CIHD trades below cash, so you don't have to be a fool to buy this stock!
CIHD is going to pop also one day. Not by 10%, but by 100%.
Just a matter of time when investors see the value!
interesting news release today...glad I added a few in the low .40s.
Some one was buying big at 0.75. No news is available so far.
I wasn't able to follow the market yesterday. CIHD had an amazing leap and surprising volume. No CIHD news so I assume it has to do with related news in China. That almost never happens without a follow-up.
Last time CIHD did this was around Nov 29 and was followed by a run up to 1.20 ... Might do it again; maybe higher.
Is there reason for optimism here, NL?
Minding
It is up 45% right now.
That's a great looking Q - Too bad China reverse mergers are getting no attention or love. Only 5k shares traded today. Bummer. I used to own this and I'd really like to again once the sentiment regarding China changes, but I'm not convinced that these types of public companies will ever get a fair valuation.
malc
Net income of $2.06 million USD, another good Q.
http://biz.yahoo.com/e/110516/cihd.ob10-q.html
He is a director and an insider. Thanks Northen.
This US guy, Jan Pannemann, owns 8.87 million shares or 43.3% total shares. His major ownship gives me the comfort that ENHD story will not happen here.
At least they released 10K earning report without problem. A US guy owns over 8 million shares of CIHD, it is unlkely that the story of ENHD will be repeated here.
Unless they're using the ENHD playbook...
Cash increased to $9.4 million and book value to $35 million USD as well PE=2. Giving some time, the stock should rise.
10K out and CIHD made $6.5 million net earning:
http://biz.yahoo.com/e/110331/cihd.ob10-k.html
Over $1. It does not take long for CIHD to recover.
The issue of shareholder loan is partially resolved.
http://biz.yahoo.com/e/101210/cihd.ob8-k.html
Reasonable for sure. But then success begins with the first step!
It is probably too early to congratulate ourselve since CIHD still needs to resolve two major issues, shareholder loan and financing. I am reasonably confident that they will be resolved to be sastifactory of CIHD shareholders. CIHD can be a very good growth story. If everything is going smoothly, I may have a 10 bagger here.
Congrats Nelson! I have a few of these myself thanks to you.
See my messages over at IV CEU.
Kind regards,
George
The big volume was from my buying and I picked up 220K shares in a few days at 0.42-0.46, mostly around 0.45-0.46.
People gotta eat. Can't really see a country of one billion plus cutting food production. By the way, CIHD had a nice bump up in price yesterday!!!! Woohooo!!!!!!!!
Food price increase is going to be normal in China. IIt is predicted that food price or the price of agricultural prodcuts are going to increase 10% per year. This should benefit the fertilizer producers.
Chinese goverment cannot control the food prices. It market driven for majority of agricultural products.
However the Chinese government wants to keep inflating food prices down, no?
Cool. Well I got in on this one at 0.45. So, I'm not too bothered if this one boobs around a bit. That loan is causing some grief. What a boneheaded move. Gotta get that resolved. Like the cooperation deal with Sinochem. Plus, as you point out, they just posted good numbers for what is normally their weakest quarter.
From operation point of view, it looks very good in the next 6 months. With the weakest Q behind them, Q4 and Q1 are strong Qs. The price of agricultural products is rising significantly. This will increase the demand of fertilizer, which in turn should benefit CIHD.
There are still issues with CIHD such as financing and sharholder loan. I think that they can be resilved next year. If so, it boost CIHD share price.
I see higher share price in the next 6 months.
Hi - got a bit of a stake in this one. Seems a new fire-resistant material is giving the bottom line a big boost. Where do you realistically see this one going over the next six months? Not much volume, but quietly seems to be doing the right things...
Q3 earning per share of 7 cents. Q3 is their slowest Q seasonally. The next 3 quarters are going to be strong.
CIHD with another 9 percent rise on Monday. Up 30% since I got in at .45 cents.
Thanks much. Right now I'm up about 17 percent. Will see where this one goes....
Thanks for the info, northen. Let's hope so.
This is the list of CIHD products:
http://www.3456.tv/business/changda/product.htm
Most of CIHDn profit is from their fertilizer business. You can see that in 10Q and 10K filings. When their new Heze fertilizer plan is production, they will double their fertilizer production, double revenue and earning. They will make about $5.3 million USD net earning this year. When the new plant (Heze) is in production, they will make about $9 million USD net earning per year. They have invested about $5 to $10 million USD in this new fertilizer plant. They need to invest about $15-20 million USD to complete the new plant. They can do it without financing per my discussion with VP, but it will take much longer, probaply about 2-3 years without financing considering that they have about $8-9 million USD in the bank and about $5-6 million USD cash flow from operation per year.
Any other juicy bits to pass on? This stock seems very very undervalued; I'm very bullish on it. Got in at .45.
Financing would be postponed to next year until much higher share price.
I have a chad with their VP. I was told that this would be resolved in 3 - 4 weeks.
In default:
http://sec.gov/Archives/edgar/data/1417624/000101376210002408/form8k.htm
$8.9M cash and equivalents and they can't get enough money out of China to pay off $900k in debt? Looks pretty clownish to me.
Totally agree. Have 6,000 shares, which is a lot for a two-bit investor like me, and think this one could really rocket. The deal with Sinochem hasn't really sunk in yet with the investing community. If it stays at these prices for a bit, will sink some more in....
OK, I'm in at $0.50. And how could you not be?
The stock has a book value of $4.65 per share and last years EPS was .63 (more than the value of the whole stock!)
Sinochem is now involved which is a huge positive for the company.
I've got a price target of $4.50 on the stock which would still be under it's 52-week high.
I'm definitely thinking about getting my feet wet again
Perhaps this stock has a life after all. The deal with Sinochem is very promising and with the stock trading at historical lows, I've taken the plunge myself.
Followers
|
9
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
115
|
Created
|
10/21/09
|
Type
|
Free
|
Moderators |
Changda International Holdings, Inc (CIHD) is based in the Shandong province of China; its operations include production and distribution of chemical and microbial organic-inorganic compound fertilizer. The company has a multi-brand product portfolio with more than 10 product lines under the 2 brands - Changda and Fengtai Wosida - that cater to various consumer needs in the fertilizer market. With decreasing arable land and the resultant need for farmers to boost crop yields, there has been a growing demand for fertilizers, particularly organic/inorganic compound fertilizers that preserve soil fertility and increase yields.
Between 1998 and 2007, overall fertilizer consumption grew from 40.8mmt to 51.1mmt, with compound fertilizer consumption growing at a CAGR of 6.9% to reach 15mmt. The demand for fertilizer is expected to continue to increase further given the government’s objective of self-sufficiency and the limited area of arable land. According to industry sources, the fertilizer industry is estimated to have grown at 30% annually during 2005-2009. To capitalize on such strong growth opportunities, CIHI is seeking to double fertilizer production capacity from the current 200,000 tons to 400,000 tons by Sep-09. The company has already invested $4mn, with another $19.7mn earmarked towards the completion of this expansion. The company’s annual utilization rate presently stands at more than 100%, indicating the robust demand for fertilizer and related products. We believe that the company will continue to operate at maximum capacity utilization levels. The production capacity is well-supported by an extensive distribution network with 80,000 distribution centers across 18 cities in the Shandong province through an exclusive agreement with China Postal Logistics. The fertilizer industry in China is highly fragmented and provides consolidation opportunities in the future. CIHI is in the process of establishing a considerable presence in the industry and will likely look at strategic acquisitions in order to expand capacity further and establishing footholds in different regions.
We expect the company to report an EPS of $0.15 and $0.23 for FY09 and FY10, respectively. (pre-split)
The above company description and eps guidance are from Rodman & Renshaw, September 1, 2009.
Rodman & Renshaw initiated coverage on CIHD in September 2009, with a 12 month price target of $2.75/share. (prior to 1:3 reverse split made on 11/17/09)
(click here for presentation)
Investor Website:
(click here)
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |