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Seems that its 4th quarter revenue and profit fell sequentially, and earning per shares during the 4th quarter of 2011 was about $0.005.
You're right on SDX vs. TGA. One more difference: SDX mainly produces light oil having higher price and higher premium than TGA mainly producing heavy oil. I started to buy TGA when it was traded at $7.4, and started to buy SDX when it was traded at $0.095. Both may be great buyer in the long term as long as oil price does not fall significantly.
SDX.v, 60% discounted Egypt oil player vs. TGA(TGL.to)
TGL.to(TransGlobe Energy Corporation) currently prodcues 11,779 bbl per day, and projects to produce 18,0000 bbl per day next year where about 70% and 30% production will come from Egypt and Yemen respectively. TGL currently is traded at $9.43 with market capitalization of $688 million. But before Yemen experienced political turmoil last March, TGL was traded about $15 with market capitalization of $1,100 million.
With just announed new acquizition plus current oil production, SDX.v projects to produce about $9,0000 bbl per day next year, half of TGL's. All SDX's oil production is located in Egypt which does not have political turmoil like Yemen. Therefore, SDX' fair market capitalization should $550, or half of TGL's $1,100 million.
SDX.v currently has 380 million shares. SDX will issue 350 million new shares for NPC Egypt acquizition, and will issue 300 million to 750 milllion additional new shares for the $75 million equity financing based on issue price 0.1 to 0.25. In the end, SDX will have 1,030 to 1,480 million shares outstanding. Based on its fair market capitalization $550 milllion, SDX share should be traded at 0.37 to 0.53.
Even if use TGL's current depressed market capitalization $688 million in comparison, SDX should have market capitalization $344 millllion and SDX share should be traded at 0.23-0.33.
SDX was traded at 0.095-0.105, over 60% below its minimum fair value after it resumed its trading at 2:30pm yesterday. I guess that it may take time for the market to appreciate the value of new acquizition.
Thanks for sharing your ideas. I have spent some time in looking into them, feel very interesting and will put them on my watch list.
Compared to MMY.to, BZA.to and GGN.to has comparable market capitalization, but their production cash cost seems significantly higher; they have more uncertainty with much less cash. Besides, MMY.v is in the process to increase significantly its annual gold production from its producing mine, and the Company is targeting production of up to 55,000 ounces of gold for the fiscal year ending June 30, 2012, and more to come in 2013.
OCO.V seems attractive with quite low market capitalization. But it may be riskier, as it has little cash with more debt, requires more equity funding to dilute, and it requires more time to develop into gold producing stage which means more uncertainty.
You have good points on MMY, which may be the reason why the company has a new acquisition. At the mean time, they are increasing the reserve on the existing mine.
Please let me know some names if you have better candidates. Thanks.
Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) is the most undervalued gold produer with p/e below 2, and lots of cash with no debt. The management seems having the successful experience to turn seated Malaysia gold mine tinto huge profitable gold producer as shown in Selinsing Gold Project. New acquizition of Mengapur Project has much larger potential. Though equity financing is a little too expensive and dilutitive, the company has no other choice, and it is better than giving up Mengapur Project.
http://finance.yahoo.com/news/Monument-2012-First-Quarter-cnw-1459018967.html?x=0
Mr. Montador may mean a lot to Biosyent Inc.:
In 2008, CryoCath Technologies Inc. with annual revenue $40 million was acquired by Medtronic, Inc. for $400 million. At that time, Mr. Montador was a board member there. Now he became the board member of BioSyent Inc. Assume 40% annual revenue growth rate in the next 7 years, BioSyent Inc. will have annual revenue over $40 million by 2018. The headline in 2018 could be that "BioSyent Inc. with annual revenue $40 million was acquired by xxx for $400 million".
TGA looks quite low risk with big upside at this low price, considering it has good earning even without 50% production growth.
I think that it would eventually reach $5, due to the following 3 reasons:
1)Excluding $82,000 one time expense related to conditionally recoverable license fees from the Company prudent accounting policy, the Company would have earned total comprehensive income of $317,998 or $0.0223 per fully diluted shares during Q3, 2011;
2)Sales grew about 60% last quarter, and it will continue to grow at similar rate in the forseeable future considering Feramax's huge growth potential and its new product pipeline;
3) the company produces more and more cash quarter after quareter with no debt.
You surely have a very happy day today!
Congratulaton, cl#1! I finished #2, losing 40.59%, one step away from #1 loser! Luckily, my real portfolio with over 100 stocks and trading strategy has gained a little over 41%. It was a very dramatic year: made 20% during the first 5 months, then lost all 20% gain + 10% more during the next 4 months, and then made back all 10% loss + 41% more.
Thanks, just sold 2/3 CEU shares at $2.81 to play safe. One thing concerning me: the company admitted during cc that its business is slowing down due to the negative articles (even if Kerrisdale Capital is indeed a fraud)
CEU, $10 million share buy back:
Luck in buying more at $2.45 yesterday
HWG has returned to the level before disastrous earning release last quarter. Weakness before earning release may be due to the poor earning leaking. If this is the case, then runup in the past a few days may forsee strong earning this quarter and runup may continue for some time to the range between $40 and $58, or even all time high.
I would think at some point, our fast growing HWG would demand more than a 2-3 PE fully taxed- no ?
CEU airplane takes off! Well written summary, Derek.
Just bought more CEU with already sizable profit in the past a few days. Why waste time to argue with those who even do not believe the verified cash? Why worry if we have long term perspective?
Just sold CHBU at $3, sweet Christmas gift
Just sold CHBU at $3, sweet Christmas gift
CEU, I have read what you pointed out. But if allex data can be manipulated, why Chinarank data can not be manipulated. CEU, basicaly a local company operating mainly in one city-Harbin, it is not surprisiing that both Chinarank and allex did not rank it properly. Kerrisdale is logically Wrong by using unreliable (as they claimed) ranking data to appove CEU is a fraud.
More proof on Kerrisdale cheating on CEU:
The empty school address Kerrisdale is using is from the 2006 10ksb filling, which might be out of date. Considering fast growth nature in China in the past a few years, It would not surprise me if CEU has developed training facilities in other newly developed locations.
But I have to admit that CEU does not have good Investor's relationship service, just like many other Chinese companies.
Yes, Kerrisdale wrong on CEU's ranking:
http://www.alexa.com/siteinfo/edu-chn.com#
One approval Kerrisdale cheating on CEU:
http://www.alexa.com/search?q=http%3A%2F%2Fwww.edu-chn.com%2F&r=site_siteinfo&p=bigtop
http://www.alexa.com/search?q=www.chinaedu.net&r=site_screener&p=bigtop
As you can see, CEU's alexa ranking is 1818 in China, compared to 4623 for CEDU, one of CEU's competitors Kerrisdale claimed much more popular.
RINO' CEO sounds indeed making misleading statements:
http://biz.yahoo.com/e/101119/rino8-k.html
Congratulation on NZYM:
I got 20,000 at $0.95. The biggest winner of mine today is wtn, jumping 45%, and I have 19,000 shares which I paid $0.6-1 each. Another great 10+ bags.
Interesting information on ONP from yahoo message board:
"One further comment: What I don't like is that it appears the factory questioned by MW is the one that has been destroyed.
Would be more comfortable with a long position if this were a mistake, it was some other plant MW viewed."
Interesting information on ONP from yahoo message board:
"One further comment: What I don't like is that it appears the factory questioned by MW is the one that has been destroyed.
Would be more comfortable with a long position if this were a mistake, it was some other plant MW viewed."
I became a daytrader of ONP yesterday:
bought in the morning and sold in the afternoon, on the concern of delaying release of independent investigation report. Why delay for so long if everything was found fine? Either problem does exist or the auditing firm wants the excuse to charge more money.
I became a daytrader of ONP:
bought in the morning and sold in the afternoon yesterday, on the concern of delaying release of independent investigation report. Why delay for so long if everything was found fine? Either problem does exist or the auditing firm wants the excuse to charge more money.
The dark side of ONP's independent investigation:
Why took so long?
I guess that the auditing firm and the people involved may want the excuse to charge more money. ONP should learn from UTA, just ignoring shorters' non-sense articles. Those recommending the independent investigation to ONP should be fired!
ONP is hurt due to this stupid but costly independent investigation fating the auditting firm.
ONP disappoiting result: sold all at $6.74
Heli earning pr out to rise sharply very likely today:
with p/e under 2, decent balance sheet and high growth
http://www.businesswire.com/news/home/20101112005244/en/Heli-Electronics-Corp.-Releases-Quarter-2010-Financial
BFAR was traded at $4.04, up over 5% in pre-market: possibly due to the recent press releases. The company's new CFO has better US accounting experience.
I share with you the joy on UTA and others. At the mean time, we need no convince KIK our way, as I am sure that KIK has already made more than enough money in his way and there are many ways to profit in any business.
Great summary on ZSTN's shorters' liar. But I have to thank them to give me opportunites to buy great growth company at fire sale price. It is really very sweet to have another great year after the record profit year last year. What a day today!!!
ZSTN: $8 may come back as soon as today or tomorrow morning!
You're right on ZSTN. The important is that I indeed added significant number of ZSTN shares at the price I loved shortly after the CC began.
ZSTN clarified during the cc:
The annual projection is the right one, ie, it is projected that the company will earn $6.4-7.4 earning or about $0.55-0.65 per share in the 4th quarter.
My only regret on ZSTN: my bidding price was too low to get filled. Regarding to the self claimed new hedge fund manager with among the poorest performance record on the tiny assets under management ($5 million a year ago, possibly drop to $2.5 million now), Mr. Axler's article included misleading or false information 100%. Seeking Alpha should feel shamed to allow such false article to publish under its name.
My concern with CHNC was too much dilution(about 300-400% in the past year). Actually, the company has filed S1 indicating to issue 4-5 million more new shares.
My arbitragy on ONB/MROE works well so far. Thanks, Researcher