I am updating my staus.
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Affect of 1 cent dividend - according to this posting - no idea if true or not.
5) Mr. Alvarez and I talked about CHTL taking extraordinary corporate measures to kill off the illegal naked short positions in the stock. One very good idea from a Morgan Stanley exec: simply declare and pay a one cent dividend. Legitimately short shareholders would have to pay this dividend to people they borrowed their stock from—that’s not the trick. The trick is that declaring a dividend would force naked short sellers to have to actually have legal custody of shares subject to a dividend—even illegal short sellers can’t get around this provision. If the company paid a dividend to someone who illegally shorted the stock they would be subject to major legal and FINRA penalties I am told. Not to mention out a penny a share for their imaginary shares. Mr. Alvarez has got his legal team on the job—and will let us know shortly if they are going to proceed.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=54714168
rich
Wonder if they did it statistically, choose 1 in 10 or they actually went to thousands?
It's through the eyes of the company but still showing the SAIC, assuming it all matches up, can only be interpreted as a company that understands the current investing climate and wants to be transparent.
They also changed Auditor in Jan 2010 before all the pressure to up-auditor has been happening - I'll take it that they jumped rather than pushed - might have been a Barrons requirement?
rich
[1] http://www.mazars.com.hk/news.php?cat=1&cod=180
People are paying 20%-25% interest at this point - what's the source for that information? Seen some yahoovians quote 10% but was wondering.
rich
Lucky 7 eh? eom
Someone agrees (link from yahoo)
Though there's no meat to the link - just accusation.
http://www.ripoffreport.com/brokerage-companies/www-stockholderloan/stockholderloan-com-deceptive-48d52.htm
rich
Pollution: Actually,I think it was smog created by atmospheric conditions.. Absolutely, if you ask they say it's natural blah blah but you can Google air quality during Olympics and before and after to see they have serious problems.
rich
- cheers atco... So 8.5 * 9M shares is less than $150M so, even assuming the company is buying shares, in the last half hour they can't.
rich
Yes "OR" but don't know the size of our float (sure someone else does).
rich
Company can't buyback in last 30 mins (normal volume) and 10 minutes for high volume.
Hence they can't, by themselves, dictate the pps movement.
Don't know if that's us? public float value below $150 million that would mean not last 30 mins whatever volume.
There are a number of rules to stop companies manipulating:
http://www.investopedia.com/terms/r/rule10b18.asp
* Manner of purchase: The issuer or affiliate must purchase all shares from a single broker or deal during a single day.
* Timing: An issuer with an average trading volume less than $1 million per day or a public float value below $150 million is unable to trade within the last 30 minutes of trading. Companies with higher average-trading-volume or public float value can trade up until the last 10 minutes.
* Price: The issuer must repurchase at a price that does not exceed the highest independent bid or the last transaction price quoted.
* Volume: The issuer can't purchase more than 25% of the average daily volume.
rich
CCME Rumour - going private perhaps, if they have the cash but seems strange decision, but don't believe they will go onto a Chinese exchange - there's too long a waiting list. Easier to sort out the mess here than go to Chinese Exchange - the waiting list can be years.
rich
Hehe .. way to go CNAM! eom
If they make a significant buyback will they PR it? We know some companies announce but don't do any buyback?
It was researcher's suggestion on CGS board - seemed a good idea. Uncontroversial proof they were spending the cash.
rich
Power Outages: That's what I read earlier in the year with the power stations - the closed the small inefficient ones (some are really inefficient).
rich
LLEN - they re-hired an accounts firm that has credibility issues. During the CC it was made explicit to the CEO that they needed to get a bigger accounting firm. They ignored it.
Given the credibility gap with Chinese stocks at the moment that was stock suicide.
rich
Do you have bus and add rates for 2006? I think it's going to be much lower. If not I think you've got to work the the 2007 to 2009 data.
Direct sales will go up with the number of buses, doubled between 2007 and 2009, and the increase of the add call charge from $13 to $21 (or whatever) and the Embedded adverts which they can throw into the mix.
So, simply, the more revenue up for grabs the more a sales person can bring home. As you say their growth has lagged the Ad revenue growth.
So, take the $26M in 2007 and double it for the bus numbers and increase by 76% (21/13) for the rate increase and you have $92M.
How do you see it?
rich
Overcapacity of Steel in China - strikes me that the blackouts, which seem to mention steel related manufacturing, kill two things with one stone.
rich
YONG - CFO Interview + Pics of opening
http://www.nextinsight.biz/index.php/story-archive-mainmenu-60/904-2010-chinahk-companies/2957-yongye-intl-80-sales-growth-this-year-very-realistic-
-- interesting note with one of pictures - nobody buys animal product... hmm..
http://s952.photobucket.com/albums/ae1/cdavisrosco/Yongye%20Inner%20Mongolia/?start=0
rich
If you look at the presentation [1] add rates in 2007 were $13 a minute per bus while in 2009 they were $20. That's a 53% increase.
So, in 2007 they produced $2,566 per bus if they used same rates in 2009 that would be $3,926 - see slide 23.
There was very little difference in add rates between 2008 and 2009 and suspect that embedded ads make up the difference. These started near the end of 2009 but you can see they are substantial - in region of $19 per minute per bus compared to regular ads at $20. With the company reckoning they bring in almost as much as the direct ads. These would feed through nicely into 2010's earnings.
If there were inconsistencies I don't see this as the smoking gun. Other interesting thing is that drjack put this up near market open rather than, if he were so confident about his research, sometime over weekend.
rich
[1] http://www.scribd.com/doc/37128664/CCME-Beijing-Sept-092010
CELM - Links to all Redchip updates
http://www.redchip.com/files/redchipReports/CELM_InitialReport.pdf
http://www.redchip.com/files/redchipReports/CELM_20100812_2Q10ResearchNote.pdf
http://www.redchip.com/files/redchipReports/CELM_20100910_2Q10Update.pdf?from=wu09102010
Save me bookmarking them :)
rich
CELM Update from redchip 10th Sept
http://www.redchip.com/files/redchipReports/CELM_20100910_2Q10Update.pdf?from=wu09102010
rich
They have been talking about new oil lease for as long as I have followed them which was Q1 2009. I hope they get it sorted out but I'm not holding my breath and would be pleasantly surprised if something happened in the next month.
Certainly conserving cash by not drilling could indicate a strategy to make the leap to a new production lease but it would be helpful if management would fill us in - rather than guesswork. If they fill us in next week or so then tip of the hat to BURP.
rich
Hmm...underlines that while there are many long/short stories progressing LPH has, like it's stock price, remained untroubled.
rich
CNAM - there margins are small I can't see how they could come up with a green solution and still be profitable. I heard one company getting diesel engines - dunno if that's possible.
Since the energy is highly subsidized so it wouldn't be easy to find a cheap solution.
rich
Coal mines shut and lost production licence - that's interesting... LLEN did not want to buy their new mine, so they say, because it had a bad safety record. They said that they could loose licenses and the help of government. Sounded a bit wishy washy when they said it but it looks like PRC is getting tougher and looks a smart move.
rich.
I would agree - providing that NEP has no more than ineffectual accounting to answer for then it can only help the sector.
NEP was quoted as being a fraud if it's not then one less boogeyman.
rich
CNYD - other than the BDO auditor rejection a few weeks back - (company claims to be lack of GAAP experience in group; they are hiring company to help) - nothing official I've heard - the yahoo boards are empty as well so no pumping or bashing.
Someone could be "in the know". However, equally it full-fills the favorite short of the moment... small Chinese company working through accounting issues. Seems mainly low vol movements.
throwrw had a chat with them...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=54106301
rich
CCME's Interest Income
(I don't follow chbt)
From the 10-K
CME’s cash primarily consists of cash on hand and cash deposited in banks and interest-bearing savings accounts.
So:
1) Some of the money is "deposited" in non-interest bearing accounts
2) CCME is a Hong Kong holding company - if it holds money in Hong Kong the rates are in step with US rates these are in the 0.20% range. Savings Rates on China mainland are higher which would be consistent with VISN, a China mainland company, gets a better rate. [1]
It would be nice if company would be more transparent about this matter.
rich
[1] http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_C/threadview?m=tm&bn=101061&tid=17039&mid=17055&tof=-1&rt=1&frt=2&off=1
Interest Income: I only know the orthodoxy... In China they **** the savers and offer a low deposit rate and loan it out at a much higher rate to businesses (normally government businesses). So, savers are subsidizing business loans in China - and hence subsidizing growth in China.
Ahem, which is why savers prefer to buy houses with their cash.
This was from 2007....
The one-year benchmark lending rate will be raised to 6.39 percent from 6.12 percent, and the one-year deposit rate will be increased to 2.79 percent from 2.52 percent, according to a statement on the bank's website [1]
Beyond that, I have no knowledge over what businesses deposits are offered in China. But without more information 2% seems reasonable.
- business usage of cash has been discussed a bit and I'm not going to add to this.
[1] http://www.chinadaily.com.cn/china/2007-03/17/content_830297.htm
You'll be unsurprised, and prolly know, that China is thinking big when it comes to airports.
According to this plan, by 2020 the total number of civil airports around China will be 244 with an additional 97 compared to the number of airports in 2006.
http://www.chinahospitalitynews.com/en/2008/02/01/5587-china-to-build-97-new-airports-by-2020/
rich
Yup, I was thinking that RMB 52.4 for airport compared to normal buses at RMB 3.5 it's around 15 times more expensive to advertise on a airport bus.
Wonder what happens when that goes into the equations... I'm guessing it works out fine.
rich
When I clicked the link nothing "http://www.gstv.cc/en/index.aspx" so then I went http://www.gstv.cc and clicked on English.. and then it worked.
Dunno if that's what other people find?
Site loads real slow for me - don't know if that's UK thing and it's good in US? (My guess is it's dog slow outside China.)
rich
what are the plans with all this cash being generated?
As with previous poster that's the question I really want to know.
Also interested in if, as we expect, 1/2 billion revenue company should still be using "Child Van Wagner Bradshaw" and not a more recognized name?
Also would like to know if they were on the case with SEC and SAIC filings and making sure that they were the same or at least reconcilable?.
rich
CGA/YONG - why interesting? Volume increase aren't unusual, at least in their space. CGA increased volume for their original plant by 1/2. YONG increased their 10K tonne plant to 15K tonne this year - I think they are just increasing their shifts from 2 to 3 - but YONG, see below, say it's efficiency and streamlining.
Anyway, 300K becomes 450 and their total, including the old plant, to 500K.
YONG's comments were:
We recently announced a 50% capacity increase in our existing plant nutrient production facility from 10,000 tons to 15,000 tons per annum as a result of streamlining our production process and upgrading our manufacturing equipment. [1]
rich
[1] http://finance.yahoo.com/news/Yongye-International-prnews-3510103137.html?x=0&.v=101
CSKI - MSPC Moore Stephens - http://www.fixyou.co.uk/tracker_auditors.php I can't see any other company with MSPC.
Hmmm... is that the same as MSPC Moore Stephens? Auditors can be tricky with their names.
CPSL China Precision Steel Moore Stephens
rich
NEP - flooding is plausible. The drilling company is seasonal and does most of it's work when ground is cold, i.e. Away from the June season (think the comment was it was too wet).
Would be nice for the management to confirm it though.
rich
Isn't it a year after the initial listing. Isn't that the time when insiders stock gets unrestricted?
rich
LLEN and SEC & SAIC. Barrons recent article was quoted at CEO twice and both callers made the point that it's important to get SAIC and SEC right.
It didn't sound like CEO had read the article and seemed a bit like "Oh yes we will get SEC and SAIC right." So the next caller said catagorically that if they didn't get it right then short sellers would put the stock to the sword.
CEO said he would get them exactly the same.
Anyway, clearly, it's something investors are worried about and the message is being told to the CEO's. We will have to hope they act on it.
rich
Cheers coma
rich
Hmm.... thank you Chad. Wonder who it is? Ah, now back to the cc
rich
All a bit odd... I wonder if they felt they had to hit this date to avoiding the exchange to take action? However, they have now PR'd the fact turning it into a bigger deal, sigh.
They couldn't have had everything ready to go when they PR'd otherwise why would they leave it till the last minute?
Guess it doesn't matter while it doesn't trade but it doesn't help increase investors confidence
rich