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.
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.
Now if only this POS could go up 0.5992 I could break even.
Acquisition or merger?
I know this companies transparency, or lack there of, has been mentioned numerous times, but it does seem like we're in a quiet period.
Another reason why a question possible acquisition or merger is because they have not updated their list of officers.
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpDetails.aspx?lx8nvq=tPvb4YKZDG7NMH%252bm4LZ0tw%253d%253d
Can anyone provide me with an email address or website to the tranfer agent?
Heritage Trust
4 King Street West
Toronto, ONT M5H 1B6
CAN
Thanks
Chinese Shoppers Go on Record Spending Spree
Topics:Retail Sales | Interest Rates | China | Inflation
Sectors:RetailBy Reuters | 12 Aug 2008 | 11:43 PM ET Font size: Chinese shoppers turned in a gold-medal performance in July as annual growth in retail sales accelerated to a record 23.3 percent on the back of rising incomes.
Eugene Hoshiko / AP
--------------------------------------------------------------------------------
Financial markets had expected a dip in sales growth to 22.2 percent from June's record pace of 23.0 percent.
The increase was all the more impressive because the figures are reported in value terms, not by volume, and consumer inflation dropped to 6.3 percent in the year to July from 7.1 percent in June.
"In real terms, retail sales are still very strong," said Paul Cavey, an economist with Macquarie in Hong Kong. "This is very consistent with household income and wage growth being strong.
China is striving to stoke consumption in order to reduce the economy's reliance on exports and related investments, and the strength of retail sales shows the policy is working at the margins.
But China's flimsy social security system, job insecurity and high out-of-pocket expenses for health and education mean households still save about 30 percent of their incomes.
And because investment is rising even faster than spending, household consumption for the last five years has been below 40 percent of gross domestic product. Last year it fell to just 35.3 percent, a record low for a major economy.
More from CNBC.com ...
Japan's Economy Contracts, Adds to Recession Fears
Latest Business News from Asia
"The potential for China's domestic consumption is huge, but it will be a long-term process for China to wean its economy off exports and investment," said Zhao Qingming, an economist at China Construction Bank in Beijing.
Others fretted that spending could wilt in coming months because growth in real disposable incomes slowed in the first half of the year due to high inflation.
"The outlook for consumption growth in China is still uncertain," said Li Zhukun with China Jianyin Investment Securities in Beijing.
Spending on oil jumped 55.5 percent in July from a year earlier, reflecting an increase in government-set fuel prices.
Discretionary consumption was strong, too, with spending on cosmetics and jewelry up 32 percent and 44 percent respectively from a year earlier.
Ha Jiming, chief economist at investment bank CICC, also saw the effect of the Olympics in Wednesday's data as sales of home appliances and sports goods accelerated.
Ha said he was sticking with his forecast of 12.4 percent inflation-adjusted sales growth for all of 2008 compared with an estimated 13.3 percent rise in the first seven months.
"With the phasing out of the Olympics influence and the slowing of household incomes, growth in domestic consumption will weaken in the second half, but it will still be the most steady driver of the economy," Ha said in a note to clients.
New SEC filing regarding a presentation CHCG gave to potential investors.
http://www.sec.gov/Archives/edgar/data/1076784/000114420408042363/0001144204-08-042363-index.htm
News Out
FYI, Website has been updated
PERRITT CAPITAL MANAGEMENT INC has purchased 448,000 more shares sinces march 31
http://searchwww.sec.gov/EDGARFSClient/jsp/EDGAR_MainAccess.jsp#topAnchor
typy in "China 3c"
it must be in quotes.
This is big news!! CHCG is back to being a growth stock
China 3C Group Reports Preliminary Second Quarter 2008 Financial Results
Thursday July 10, 4:06 pm ET
HANGZHOU, China, July 10 /Xinhua-PRNewswire-FirstCall/ -- China 3C Group (OTC Bulletin Board: CHCG - News), a retailer and wholesale distributor of consumer and business products in China, today announced preliminary financial results for the second quarter ended June 30, 2008.
ADVERTISEMENT
Net sales for the second quarter 2008 is expected to be in the range of $81.5-$82.5 million, which would be a 26%-28% increase compared to the prior year second quarter results of $64.5 million.
Net income for the second quarter 2008 is expected to be in the range of $7.3-$7.4 million, which would be a 33%-35% increase compared to the prior year second quarter results of $5.5 million. Second quarter 2008 diluted earnings per share is expected to be approximately $0.14 compared to $0.10 in the same period last year.
Mr. Zhenggang Wang, Chairman and Chief Executive Officer commented, ''We are very pleased with our preliminary second quarter results, which exceeded our internal plan. Our sales growth benefitted from a net increase in new doors, healthy demand for electronic products in most of our key categories, a broader product selection from the prior year period as well as from certain, new consumer-oriented programs that focus on service and increasing awareness of our expanding portfolio of brands.
Our net income improved largely due to increased sales results, the exit from unproductive doors as well as a lower tax rate in the second quarter compared to the prior year. We also anticipate a sequential improvement in gross margin for the second quarter. Overall, we are encouraged with our second quarter performance and continue to work aggressively to further enhance our position in China's electronic consumer industry,'' concluded Wang.
The Company will disclose more detailed information related to its second quarter performance when it officially reports its second quarter 2008 financial results sometime during the first half of August 2008.
About China 3C
China 3C is a leading wholesale distributor and retailer of 3C merchandise: computers, communication products and consumer electronics. The Company specializes in wholesale distribution and retail sales of 3C products in Eastern China, focusing on products that make life more comfortable, convenient and connected. The Company's goal is to become the number one retailer of 3C products in China. For more information, visit http://www.china3cgroup.com .
Forward-looking Statements:
Certain statements set forth in this press release constitute "Forward- looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. We have included and from time to time may make in our public filings, press releases or other public statements, certain forward- looking statements, including, without limitation, those under "Management's Discussion and Analysis of Financial Condition and Results of Operations" in Part II, Item 7 of our Annual Report on Form 10-K. In some cases these statements are identifiable through the use of words such as "anticipate," "believe," "estimate," "expect," "intend," "plan," "project," "target," "can," "could," "may," "should," "will," "would" or words or expressions of similar meaning. You are cautioned not to place undue reliance on these forward- looking statements. In addition, our management may make forward-looking statements to analysts, investors, representatives of the media and others. These forward-looking statements are not historical facts and represent only our beliefs regarding future events, many of which, by their nature, are inherently uncertain and beyond our control. There can be no assurance that such forward-looking statements will prove to be accurate and China 3C Group undertakes no obligation to update any forward-looking statements or to announce revisions to any of the forward-looking statements.
--------------------------------------------------------------------------------
Source: China 3C Group
FYI. Yahoo has updated analyst estimates for CHCG.
fails to deliver = Rule 3210 flag yes
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=glcc
Subject to the requirements of NASD Rule 3210
Where, for five consecutive settlement days, there are aggregate fails to deliver at a registered clearing agency of 10,000 shares or more and the reported last sale during normal market hours would value the aggregate fail to deliver position at $50,000 or more.
When this occurs, the security becomes subject to mandatory close-out requirements outlined in NASD Rule 3210.
The allowed values are:
Y = Yes, if the issue is subject to mandatory close-out requirements of Rule 3210.
N = No, if the issue is NOT subject to mandatory close-out requirements of Rule 3210.
Any ideas on who the Chinese company is that we are going to merge with?
Looks like Nite is going to let this go up :)
Captain, MONA to follow GLCC going higher. Can't wait till my restricted stock becomes unrestricted.
Captain, MONA to follow GLCC going higher. Can't wait till my restricted stock becomes unrestricted. :)
Under promise over deliver maybe there learning :)
Nice PR. EPS = 0.11
China 3C Group Sells New Products at Auchan China Stores
10:24a ET April 18, 2008 (PR NewsWire)
China 3C Group (OTC Bulletin Board: CHCG), a leading retailer and distributor of consumer and business products in China, announced that the Company has signed a retail agreement with Auchan Hypermarket (China Group) Co, Ltd. to open new retail counters within all twenty of Auchan's branded China-based stores beginning April 28, 2008. The new counters will sell digital cameras and photography equipment. China 3C currently operates a retail counter in each of the twenty Auchan branded stores that sell MP3, MP4 products and other small digital products. This new agreement will expand China 3C's total number of counters at each Auchan branded store from one to two.
Auchan China is the subsidiary of Group Auchan, an international retail group and multinational corporation headquartered in Croix, France. Auchan China has twenty branded stores in China with sixteen of their twenty branded stores based in Eastern China. Group Auchan is one of the world's principal distribution groups with a presence in 12 countries and 175,000 employees. Auchan has branches in France, Italy, Spain, Portugal, Luxembourg, Poland, Hungary, Russia, Morocco and China. As of October 2005, Auchan had 356 hypermarkets, 646 supermarkets and 2027 small shops around the world, as well as 116 hypermarkets in France. Group Auchan was ranked No. 141 on Fortune Global 500 in 2007.
Mr. Yong Wu, Director of Sales at China 3C Group commented, ''We are very happy to expand our cooperation with Auchan China. This agreement covers all twenty of Auchan's branded stores in China, including new store openings, of which Auchan plans on opening two more stores by August. We are pleased to be expanding our portfolio of leading electronic consumer products and brands at this retailer and look forward to increased cooperation in the future.''
About China 3C
China 3C is a leading wholesale distributor and retailer operating over 900 retail outlets in Eastern China. The Company specializes in selling 3C products which include: cell phones and accessories, fax machines and printers, consumer electronics, computer and computer-related products and small home appliances. Among China 3C's primary attributes is its efficient distribution network and rapid logistics system. For more information, visit http://www.china3cgroup.com .
Forward-looking Statements
Certain of the statements set forth in this press release constitute "Forward looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. We have included and from time to time may make in our public filings, press releases or other public statements, certain forward-looking statements. In some cases these statements are identifiable through the use of words such as "anticipate," "believe," "estimate," "expect," "intend," "plan," "project," "target," "can," "could," "may," "should," "will," "would" or words or expressions of similar meaning. You are cautioned not to place undue reliance on these forward- looking statements. In addition, our management may make forward-looking statements to analysts, investors, representatives of the media and others. These forward-looking statements are not historical facts and represent only our beliefs regarding future events, many of which, by their nature, are inherently uncertain and beyond our control. There can be no assurance that such forward-looking statements will prove to be accurate and China 3C Group undertakes no obligation to update any forward-looking statements or to announce revisions to any of the forward-looking statements.
SOURCE China 3C Group
Maybe the new IR Firm suggested to under promise and over deliver. Any thoughts?
on CC they are researching possibility of buyback.
Moving up nicely today. If Monday's news is as good as I think its going to be we might not see these prices again this year. How high is high? With Olympics in China this year means huge opportunity for chcg to increase revenues. I think we surpass the 52 week high by August.
No, always been OTCBB.
On a valuation standpoint this stock is way under valued. It should be trading at a minimum of 6.45.
If earning = .43
Avg. Industry Multiple = 15
E x M = P
.43 x 15 = 6.45
Buying opportunity today. Earning release this month.
When earnings come out this stock is going to take off! I think they're low balling there estimate. It wouldn't surprise me if they anounce .54.
Earnings out this month!
the chart is signaling that its time for another run:)
Am I the only one left in CHCG? The board has been quiet.
Good Life China Corporation (TLGP - pending new ticker symbol) Issues Correction on Purchase of Assets
Tuesday February 19, 4:11 pm ET
BEIJING, China, Feb. 19 /PRNewswire-FirstCall/ - Good Life China Corporation issued a press release earlier today regarding the closing of the purchase of assets of Esprit/Good Life China.
The release erroneously reported the consideration as 86 million shares. The correct amount is 96 million shares of TLGP as consideration for the purchase, placing a value on the acquisition of $67.2 million USD.
The Company regrets the error.
About Good Life China Corporation
Good Life China Corporation operates a rapidly growing chain of franchised convenience stores based in Hebei Province, China. It employs advanced retail concepts such as e-commerce enabled POS/back office systems, and achieves significant economies of scale on the supply side of the business. It will be expanding geographically to neighboring Provinces, as well as offering a growing number of additional products and services, such as financial products, as it moves forward.
North American operations include a diversified number of online sub prime financial services. These included: the Payday Loan Software division; Forex Trading; and Advanced Electronic Funds Management.
Safe Harbor Statement
Information in this press release may contain 'forward-looking statements.' Statements describing objectives or goals or the Company's future plans are also forward-looking statements and are subject to risks and uncertainties, including the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those anticipated. Forward-looking statements in this news release are made pursuant to the 'Safe Harbor' provisions of the United States Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, risks relating to the ability to close transactions being contemplated, risks related to sales, continued acceptance of Good Life China Corporation's products, increased levels of competition, technological changes, dependence on intellectual property rights and other risks detailed from time to time in Good Life China Corporation's periodic reports filed with the regulatory authorities.
http://www.goodlifechina.com/
The selling continues.
$1.00
Do financials come out today?
better day than yesturday. Keep it up!
I thought 2.65 was a good entry point I guess I was wronge :(
Just got back from a meeting. I'm in at $2.65
FWIW - I lowered my entry point to $2.65 from $2.70. Unless we get some news I think we could go even lower. We still haven't got any news from the new IR Firm yet.
Getting close to my entry point. Come on just .10 more cents.
I got my buy order in at 2.70, not sure if it will get down there again.