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I think a lot of people here share both the disappointment over the stock and the like for the company. This split feeling of love/hate could easily test one's patience.
The institutions have started buying but the size/quantity of the buy is limited by the crash in Shanghai and US markets. De-risking is what the funds are doing at this moment. CCME, unfortunately, is part of this unloading because its volatility. CCME will likely show more strength if, and only if, Shanghai market is stabilized and starts meaningful recovery.
I added some at 12 today. Have standing order at 11.50 for more. I like the risk/reward calculations here.
Quick Polls:
1) Will DOW fizzle again today? (DOW is up 2.38% now, fizzle means DOW will close at less than +0.5% over yesterday)
2) Shanghai Composite: Up or down tonight?
3) Will US-traded Chinese stocks continue its strength tomorrow?
US-traded Chinese stocks show remarkable strength yesterday and today.
1) The US-China index, which tracks 216 Chinese stocks traded on big boards (NYSE, NYSE Amex, and NASDAQ), showed again of 3.15% today. The up vs. down ratio is 9 to 1, one of the best in months.
http://www.chinaplus1.com/content/performance-chinese-stocks
2) The Chinese small caps index, which tracks 95 small cap stocks, is up 2.57%
http://www.chinaplus1.com/content/china-small-caps-index
Today is also one of the few days that Shanghai composite index, Dow, S&P, Nasdaq, and R2000 all posted solid gains.
The bear market for Chinese stocks is near its end.
NEP - WOW.
The deficiency is definitely beyond my imagination. The company has a simple and effective business model and is guaranteed profit for its operations. Yet ...
TRIT - I do not have any shares so I am not following the situation specifically. But I can answer your question in general terms.
TRIT is US-traded company. The company SHOULD already have a few US based bank and security accounts to deal with US related business activities. I personally knew of dozen's of Chinese companies doing so. Since China has more restriction on money outflow, and much less on investment type of money inflow the companies tend to keep substantial percentage of US raised funds in US or HK accounts (in USD). The funds would be wired back to China, and converting to RMB as needed.
Yes, TRIT SHOULD have the necessary USD and accounts for security purchase. How much they would proceed is a different story.
SGZH - DCF
Fernando - I will upgrade my calculation if you upgrade yours using a complex revenue model.
For some reason, even a reasonably good news from SGZH was met with universal negativity on this board. I did a very quick napkin math just to prove a point - there is more to the deal than just first year rev and income. I think I made my point and there is no further need for DCF.
PS: 1) Mine vs. Factory: Resources are enormously more valuable than factory in a resource constrained country like China. 2) Ever since China becomes net resource importer in late 90s, the price appreciation in commodity outpace China's economic growth.
SGZH - How about reserve price or mining rights?
Fernando: your calculation is based on first year revenue. Remember that that is a new coal, so first year rev may not be a good indicator for potential rev per year.
I have a very different calculation.
The new mines have a reserve of 140M. Lets assume the reserve or "mining rights" is worth about $10/ton (the coal price is being quoted as around $100 so $10/ton is a fair assumption.)
The new mines' reserve will be worth 140M ton *$10/ton = $1.4 B.
70% of that ==> $1B
From this perspective, $100M is a very good purchase price.
Even if the reserve price is $5/ton, it is still a good deal.
BFAR - This shows how much we know about trading as a group. A high IQ person named C.G.S. sold all his BFAR at $1 (now $6) in order to buy CCME at $14 (now $11).
LOL.
Option - Are you using covered puts?
It is a good way to protect your portfolio. But uncovered puts could be very dangerous if PIIGS come back again.
Market turns green. The world is not ending after all.
All major indices are green now.
I think somebody commented that Andrew's appearance on this board is a leading indicator of CGS stocks.
Rames - Nice table.
Just one comment - RINO does not really "depend" on steel mills. Its customers are exclusively steel mills but requirements come from government regulations. For this reason, RINO's business is recession proof (or slowdown proof). The steel mills may actually use the chance to retrofit using RINO's help during a cool down.
SIAF SEC Filings.
I am try to read a little more about SIAF, but could not find anything under SEC's site.
Can anyone provide the link to SIAF's SEC filings, including the recent earning reports?
Thanks.
CKGT- Bogus07
I read with interests on the discussion thread. I think you have some valid points but for this topic I tend to agree more with Gary.
I believe that the CKGT will eventually be valued for its top line and bottom line growth, both at aggregated level (total revenue and net income growth) as well as on a per share basis. Both GAAP and NON-GAAP earnings play roles here.
Of course none matters in this bear market but end of the year will be different story.
PS.
This discussion reminded me a discussion on CELM. When one of the board members here stated:
"bottomline on CELM: their earnings grew 5% YoY -- doesn't matter if revenues/profits grow if dilution means 5% return to shareholders -- may as well hold some stodgy dividend stock.
Thus p/e 5 x .90/share earnings = $4.50 fair price -- funny -- that's exactly where it traded on day 1."
A lot of people saw more than that and CELM's PPS doubled within two weeks of that statement.
Thanks. That's a good and simple explanation. So AH dumpage is not "AH" after all.
Today's vol is 404K. So third party dumped 100K, and rest of 304K was recycled by retail investors probably at a loss.
Can anyone explain how this "dumped" share in AH works?
The 100K block referred by Joe were trade at a price 0.623, at 4:18pm according to my screen.
The trading price was slightly lower than the average trading price of 0.64 during the last hour.
Now my questions:
1) who is the seller(s) (presumably related third parties like Belmont?)
2) who is the buyer? MM?
3) If MM is the buyer, why?: Why MM takes hold of such an inventory. If tomorrow's market tanks, wouldn't MM lose money at such a trade?
Taking today, for example, majority of the shares were exchanged at lower price than previous close. So if a MM take hold of a 150K shares yesterday, he/she already lose money on the trade. Yet the MM is doing it day after day.
I understand that third party sellers can sell at any price with a profit since their shares are essentially free, but MM can not.
LTUS - added more.
I consider the risk is very low here and reward is high.
I read through the 10Q over the weekend. I also compared LTUS with a few other Chinese pharm stocks as well as BIDU. It is interesting to note both LTUS and BIDU earned about 0.09 during Q1. Both have high growth of over 30%. Yet BIDU's PPS is $70 and LTUS is around $1.
I found LTUS balance sheet, cash flow, and income statements are very good except one area: negative working capital. The company's operating cash flow is very strong with improved gross and net margins. The negative working capital was purely due to its investment in its facilities.
Ya Global finance has been discussed extensively here. But at this time, Ya has only about 300K shares, insignificant at this moment. As a comparison, last Friday stocks' volume is over 1m.
I am not concerned with Ya's share count over next quarter. I will, however, watch it carefully.
Again I like the risk/reward in LTUS. LTUS' revenue is about the same as CHME, with better net incomes than CHME. Yet JPMorgan paid $3 per share for a majority control of CHME.
If LTUS can get JPMorgan on board, or if it reaches 1/10 of BIDU's pps ...
WEMU 10Q out. Looks good at the first glance but I did not check into details.
SOUTH SAN FRANCISCO, Calif. and SHANGHAI, China, May 18, 2010 (GLOBE NEWSWIRE) -- Worldwide Energy and Manufacturing USA, Inc. (OTCBB:WEMU - News) ("Worldwide" or the "Company"), a U.S.-based solar module technology and China manufacturing company specializing in products for customers in the industries of solar energy, aerospace, wireless telecommunications, medical equipment and automotive industries, today announced financial results for its first fiscal quarter ended March 31, 2010.
Jimmy Wang, chairman and chief executive officer of Worldwide, stated: "Our business model continues to thrive, showcased by our dramatic increase in sales for the first quarter 2010. I am extraordinarily pleased with the progress of our strategic initiatives. The backlog in our solar division remains very strong currently standing at approximately $82 million dollars. We anticipate another strong showing in the second quarter and continued strength throughout the rest of the year."
First Quarter Ended March 31, 2010 Highlights
Revenues for the first quarter of fiscal year 2010 totaled $30,331,571, an increase of $20,049,704, or 195%, from revenues of $10,281,867 generated in the first quarter of 2009.
Net Income attributable to Worldwide for the first quarter of fiscal year 2010 totaled $1,950,735, an increase of 195% from $660,794 in the first quarter of 2009.
Basic and diluted net income of $0.39 per share, an increase of 105% from the $0.19 earnings per share achieved in the same period a year ago.
Gross profit increased to $3,791,698 from $1,719,067 representing an increase of $2,072,631, or 120.6%, for the three months ended March 31, 2009.
The gross profit from Worldwide's solar division was $2,802,891 for the three months ended March 31, 2010 compared to $986,024 in the same period of 2009. This represents an increase of $1,816,867 in gross profit for the division, or approximately 184.3%.
Solar division revenue increased to $26,211,272 from $6,889,539. This represents an increase of $19,321,733 in revenue from the Company's Solar Division, or approximately 280.4%, compared to the same period a year ago.
Total assets increased to $49,799,392 from $34,650,123 at December 31, 2009, an increase of $15,149,269, or 43.7%
Cash and cash equivalents totaled $16,085,154 from $9,180,974, an increase of $6,904,180, or 75.2%, from $9,180,974 at December 31, 2009.
Basic and diluted weighted average shares outstanding increased to 5,043,130 from 3,522,933 at March 31, 2009.
JADAE - Post from the JADA board by atco1982
Original:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=50278520
Let's see what we have -
- CHFI no longer a shareholder - GOOD
- A solid owner now with 41 of the shares - GOOD
- Cash ~ $11M cash flow with $8.8M in an acqusition deposit - GOOD
- Dropping customers that don't pay - GOOD
- Long term strategy has always been vertical integration to produce final products for even higher margins. Now looking for an acqusition and they have prior experience in carving - GOOD
- Quarterly revenues were reduced over the last quarter but if you can't find new customers now is the time to pursue your long term goals - GOOD
- Reports say Burma jade will be exhausted before China jade - GOOD
- 10Q due soon - ????
I expect Q1 to be a 0.05 quarter but with the move toward vertical integration I'll be happy. This is a $2.00 stock in a few quarters or sooner. After all, they have a $16B mountain. If they only bought jade at their price of $285/ton, sold the government limit of 40,000 tons/yr., and sold it at ~ $2000/ton which is the current rate, and had margins of `60%, they can make $50M/yr. or 0.60/share (if they can find customers). But vertical integration will be better without selling all of that jade to others for the higher margin products.
There is one point that I agree strongly with Rick
"...Both of the stocks highlight the current fact that individual company fundamentals are now taking a back seat to overall market sentiment in determining stock prices. "
Unfortunately this is the environment that we are in. It becomes increasingly difficult for members of this board who rely on DD and fundamentals in investing.
CNAM - Lost, I wish you had quoted the company and THEN your rebuttal/statement.
Why such a negative attitude toward CNAM?
Mystery Clean coal company
Value1008,
I used the search on www.chinaplus1.com, one name pop'ed up: SINO Clean Energy.
Its fits almost all of Robert's profile: Clean coal, 20% PPS growth in one week, Huge growth in Gross profit/operating income yoy.
http://finance.yahoo.com/q/is?s=SCLXD.OB&annual
The only thing does not fit: net income. Year 2009, the company was hit by 41m some "other expense." It would fit Hsu's claim if you exclude this item.
LTUS
I am reading the 10 Q too.
So far only $300K was issued, so where is the $10m you referred to:
"I guarantee you that YA Global will be selling shares like a mad man as part of the $10 million dollar financing."
How can you guarantee $10m stocks from Ya Global when they only have $300K?
In 10Q:
"In March 2010, the Company issued YA Global Master SPV Ltd. (“YA”) an aggregate of 208,117 shares of its common Stock as a commitment fee of $300,000 in connection with a Standby Equity Distribution Agreement entered into with YA. The shares were valued at the fair value on the grant date."
LTUS
Joe - I thought YA Global finance was canceled.
Joe - You are a great golfer.
So you got a 69, almost like tiger wood
CCME on sales again.
It was 12.85. Unbelievable.
Pure market manipulation.
NEWN - WOW Great results.
Its PPS is really cheap at 7.9
Wonder when the uplisting happens.
Traderfan - CNYD
Why do you compare Q over Q? Tour industry depends heavily on weather. Q4/Q1 would be weak due to colder temperature.
This seasonality would get worse as they expand the operations north. I would be surprised, for example, there are any visitors to their upcoming park in Anhui province during Q1. Temperature would be fairly cold there. Indoor amusement maybe but outdoor, there would be nothing to see except trees without leaves.
Meaningful comparison shall be yoy.
Joe - Do you still have UTA?
Yesterday I bought 30 contracts of June 10 call from the profit of my June 7.5 call. It is free shares so I intend to let it run a little.
CKGT zero volume today.
All the talks about LPIH reminded me of CKGT. When I checked, the former favorite of this board traded a grand total of zero shares in the first 2 hours of trading.
Talking about undiscovered stock.
CCME if you truly believe in CCME, 13 and change is not a bad price either. It barely moved last two days.
I do agree that almost every stocks (except CHME) bought last Thursday/Friday were great steals.
CHME Cash /share is $1.88
Here is my napkin math:
CHME's outstanding shares:
Commons = 15.5m (as reported in the 10K)
JPM new shares at $3 = 4m
JPM preferred shares = 1.92m, which converted to 19.2m
Total # of shares if everything converted = 38.7m
Total cash $72.9m
Cash per share = $1.88
The stock is traded at $2.75/share
So the operating part of the company is valued at $0.87/share
CNAM chart shows convincing technical reversal
(Bogus, this chart is for you.)
The chart shows convincing technical reversal at multiple ponits:
1. SAR trigger
2. Above the 100 DMA at around 5.55, a major resistance.
3. RS, MFI, and MACD all shows major upticks
On May 11, the CandleStick chart shows a bullish Inverted Hammer. This is confirmed by major upticks in almost all major technical indicators on May 12.
Also, this chart below form me yesterday showed upticks in On Balance Volume, Accum/Dist, and ChiOsc.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=50067352
It indicates that all major stockholders (Large holders, retail investors, and Market Makers) are all in the buying mode.
CHME - 1Q $0.04/Share
First Quarter 2010 Highlights:
-- Revenues increased 4.7% to $10.6 million
-- Gross profit improved 16.8% to $3.2 million, gross margin grew to 30.7% compared to 27.5% last year
-- Adjusted net income, excluding non-cash expenses related to change in fair value of warrants liabilities and deemed preferred stock dividend, was $0.7 million or $0.04 per diluted share
-- GAAP net loss was $4.3 million or $0.23 per diluted share
-- Cash and cash equivalents, including restricted cash, reached $72.9 million on March 31, 2010
-- Began facility expansion at LifeTech Pharmaceuticals
-- Appointed Mr. Fred Cheung as new CFO
Business Outlook
China Medicine expects full year 2010 revenues in the range of $72 to $76 million, or 11% to 17% growth, and gross margin in the range of 33% to 38%, as compared to 29.3% in 2009. The Company anticipates full year operating expenses to represent approximately 10% of revenues, as compared to 18% reported in the first quarter 2010. This guidance reflects China Medicine's current and preliminary views, which are subject to change.
Burp, Great trades.
I was reading through your Monday message again. All were good buys. CWS and CNAM stand up with 37% and 22% gains today.
Your CCME stock and YONG June 5 call option are not shabby either .
CMM - anybody knows why the recent, sharp sell off in addition to weakness of the sector?
GPRC - Thanks for the presentation
I almost laughed when I read the last line on Page 20.
"undiscovered by Wall Street."
What a accurate description!!!
CHME - Very low volume
Fundamentally it is still good, but there is a lack of volume in the stock. The recovery will be slow until volume picks up.