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.
KHDH, India...
From KHD's web site...
"Earlier this year, KHD met another milestone when Jaiprakash Associates Limited of New Dehli, formerly Jaypee Cement Limited, jointly awarded Humboldt Wedag India and KHD the contract for the engineering and supply of a new 10,000 tonnes per day clinker plant in the environmentally sensitive Baga/Malokar region of India. This project, known as Homachal Pradesh, is a major step for the Indian cement industry, the client and the KHD Group.
The kiln line will be India’s largest clinker production plant, one of the largest kiln lines in the world and the confirmation of the outstanding position of the KHD Group as a supplier of kiln lines of any capacity. Further, the KHD design will encompass features enabling the plant to accommodate a wide range of secondary fuels as well as increasing the heat supplied by these fuels from 15 to 40 %. Five months after being awarded this most prestigious project, the client chose KHD’s grinding technologies over competing technologies and awarded KHD three clinker grinding plants."
This was taken from an article that was released this weekend out of India. (Keep in mind KHD is a world leader in supplying proprietary technologies, equipment and engineering/design services for cement, coal and minerals processing....
Captive coal mines needed for strong cement growth: Assocham
New Delhi | November 02, 2005 6:40:47 PM IST
The Indian cement industry will continue to grow at a CAGR of 8-9 per cent in the medium term, riding on the back of big investments planned and lined up in infrastructure and housing sector, according to an Assocham Eco Pulse Study (AEP).
The initiatives taken under National Highway Development Programme (NHDP) for promotion of concrete highways and roads, Pradhan Mantri Gram Sadak Yojana (PMGSY) for construction of concrete roads in rural areas and Bharat Nirman for promoting irrigation, water supply, roads, housing, electrification and telephone connectivity are likely to be the major drivers of cement demand.
''Besides this, it should be noted that India's per capita cement consumption still trails the world average. This points out to the huge opportunities that lie ahead for the domestic cement industry,'' Assocham said in its report - 'Cement - rock Solid'.
''It is expected that the boost to the infrastructure development, housing development programmes, growth in retail and industrial activities will lead the domestic cement sector to grow stronger,'' according to Assocham President Anil K Agarwal.
However, certain steps need to be taken in order to boost the industry which still exists excess capacity to the extent of around 20 per cent.
The cement firms should have captive coal mines so that they do not face any shortage. Moreover, the Government levies and duties, which account for as much as 82 per cent of the ex-factory price, are required to be brought down.
http://news.webindia123.com/news/showdetails.asp?id=152386&cat=India
KHDH...New Chinese subsidiary...
Anyone notice this from the 8/15/05 earnings PR? (Wonder if this has anything to do with KHD Humboldt's employee count jumping from 700 to over 900 between April and August of this year*)...
"The Company has recently expanded its operations in China with the establishment of a 70 percent owned engineering and manufacturing subsidiary, Tianjin Humboldt Wedag Liyuan Machinery & Technology Ltd., in Tianjin, China. KHD is now able to offer its technologies and products to the Chinese and other Far East markets through these lower-cost platforms."
There's definitely growth here!
*KHD had 650 employees worldwide last year. The 20F filed in April stated KHD had in excess of 700 employees, and the Q2 results filed in Aug, stated KHD had in excess of 900 employees.
http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/08-15-2005/0004088119&...
kyk2001...
Researcher59, Wadegarret and NilesCrane follow the stock also along w/ a few others.
KHDH (MXBIF)...Look at the complete turnaround management had from Q1 to Q2 of this year regarding KHD Homboldt. They must of seen huge potential in KHD to actually change their name to reflect the business. Here are the comments made after each quarter...
Q1 2005...
"Initially, KHD Humboldt Wedag was a target of our proprietary investment. After the consolidation of the company in March 2004, we find that it requires more attention to manage the industrial and engineering services business than we initially expected. As a result, our management diverted valuable resources away from our traditional financial services business, which caused a decline in income from the financial services segment."
Mr. Smith concluded, "This change is a concern to our Board of Directors and management. We wish to assure our shareholders that we are working to return to our roots, making financial services business as the main contributor to our earnings."
Q2 2005...
"The recent growth of the Company is clearly tied to its core asset, KHD Humboldt Wedag GmbH ("KHD"). The Board of Directors and Management recognized this as a true shift in the core business of the Company from financial services to industrial and engineering services."
"The number of attractive current and near-term financial services project opportunities within the Company's risk profile has become much more limited in recent times.
Therefore, the greatest potential for the Company's shareholders is to capitalize on the growth opportunities associated with the expansion of the Company's China and India operations, with emphasis on the industrial and engineering business of KHD. The Company believes that the change in its core operations will make it easier for the market and investors to evaluate its potential for growth. The Company may also decide to improve financial standing and range of investments with other businesses and opportunities."
"The Company presently employs approximately $210 million of its total assets in KHD's operations and has now decided to deploy its excess capital and proceeds from the sale of redundant assets to enhance the growth at KHD. The Company will also pursue an active acquisition program to acquire other companies that will compliment its operations and allow for greater diversity."
Michael Smith, President, commented, "We have reviewed our operations in depth, and believe the highest return for our shareholders will be with the expansion of KHD and a greater focus on the Asian markets."
KHDH (MXBIF)...After sharpening the pencil, here's what I came up with...
Because of the strong consecutive growth in backlog, I think it's fair to give this company a forward PE of 20.
First, just for the heck of it, let's kick out last quarter's number's where they earned $0.98 per share.
Going back to Q1, they earned $0.36 per share.
$0.36 x 4 = $1.44 x 20 = $28.80 per share.
Now, Q1 & Q2 together of this year equal out to an eps of $1.34 for the first 6 months.
$1.34 x 2 = $2.68 x 20 = $53.60 per share.
If you give KHDH a forward PE of 20 based on last quarters eps of $0.98, (this would be realisic if they come in w/ $1+ eps for the 3rd quarter), the share price would = $79.20 per share.
We'll know in a few days just how undervalued this company really is. Current price is $23.50. There's only 13.8M shares outstanding and I'm going to try and grab as many of those as I can before the price goes up, because IMO, it's going up! Here are the numbers on their backlog....
BACKLOG
Backlog at the end of 2003 was $131 million, end of 2004 it was $257 million, April of 2005 was $338 million, and as of June 30 it was $352 million. In August KHDH put 5 more orders on the books...
CHINA
AUGUST 2005: Sichuan Ya-Dong Cement Co. and Jiangxi Ya-Dong Cement Co., PR China, have awarded KHD Humboldt Wedag, Germany orders for the engineering and supply of two new production lines, each with a designed capacity of 4200 tpd clinker. The Chinese plants are members of the Asia Cement Group, Taiwan.
INDIA
AUGUST 2005: KHD Humboldt Wedag, and its Indian subsidiary Humboldt Wedag India Ltd, has won the order for engineering and supply of the cement mills for Jaypee Cement’s 10 000 tpd kiln line. The contract comprises three identical clinker grinding plants. Two systems will be installed at the Baga plant and one system for a new clinker grinding terminal at Panipat.
IRAN
AUGUST 2005: Zaveh-Torbat Cement Co., Mashad, Khorassan recently placed an order with KHD Humboldt Wedag for engineering and supply of core components and equipment for a new cement production line with a capacity of 1.0 million tpa. Additionally KHD will supply drawings and technical data for local manufacturing and sourcing, for which the client is in charge.
LEBANON
AUGUST 2005: Cimenterie Nationale S.A.L. recently awarded ZAB-Industrietechnik & Service GmbH in Dessau, a subsidiary of KHD Humboldt Wedag an order for the capacity increase of its clinker production line IV from 2000 to 3800 tpd clinker. Assignment of the electrical equipment, the civil and steelwork, as well as the complete erection will be carried out by the client.
TURKEY
AUGUST 2005: Bolu Cimento Sanayii A.S., Turkey, member of the OYAK-Group, has awarded KHD Humboldt Wedag the contract to modify its clinker grinding plant. A roller press/V-separator pregrinding sytem will be installed in front of the existing cement mills 1 and 2 and will be operated as a semi-finish grinding system.
KHDH, (kyk2001)..."The recent growth of the Company is clearly tied to its core asset, KHD Humboldt Wedag GmbH."
I too have a very nice position, but I'm adding. The backlog suggests that growth is accelerating! I think we'll see the 30's.
Hweb, Re: SPEX...Where did you get the info that SPEX earned $0.04 in July? If that's correct, they could have a very strong quarter. TIA.
BTW, the more I look at this company, the more I like it. Thanks.
KHDH (MXBIF)...Look what the analysts are projecting for growth for the cement industry in China and India, exactly where KHD Homboldt is expanding....
"Analysts expect demand in India, the world's largest cement market after China, to grow 8 percent in the next few years as the government pushed to improve roads, ports, airports and housing."
"Capacity utilisation at some 365 cement plants has risen in recent months in the absence of new capacity, and analysts expect it to rise further with construction demand, as India's billion-plus people need an estimated 33 million new homes."
http://in.today.reuters.com/news/newsArticle.aspx?type=businessNews&storyID=2005-10-26T213446Z_0...
I'll be accumulating KHDH heading into earnings. If they come in with an increased backlog and an eps close to, or above last quarter's ($0.98 per share), KHDH will be trading in the 30's.
SPEX...Looked at this company after hweb mentioned it the other day. I really like the growth potential here. They have 3 consecutive quarters of gains and their tagatose product (sugar substitute) is what really caught my attention. Aria licenses tagatose from SPEX and has worldwide rights to manufacture, market, and distribute tagatose. Last year Walmart agreed to carry new products made with the tagatose sweetener...."It is very exciting to hear that Wal-Mart, the world's largest retail chain, will carry these new products," Thomas W. Gantt, Spherix's CEO said recently. "It reinforces our view that tagatose is on its way to becoming a major player in the sweetener market."http://66.102.7.104/search?q=cache:9N5DFS9rApgJ:www.dairyreporter.com/news/ng.asp%3Fn%3D52710-......
Here's a very good recent article that talks more about the product and it's expansion...
(SPEX get's paid royalties on all sales of tagatose)...
Arla's tagatose sweetener a step closer to European market
By Lindsey Partos
16/09/2005 - Low calorie sweetener tagatose could soon hit European supermarket shelves in a host of formulations as the UK’s food agency clears the way for Europe-wide approval.
The Food Standards Agency signed off the169-page dossier in August, accepting that the ingredient made from milk sugar lactose met the criteria for a novel foods application.
Now it is the turn of the twenty-four other member states to decide the fate of the sweetener, promoted for its low-cariogenicity, prebiotic activity, and low glycaemic impact.
”We estimate European approval by the first quarter of next year,” Mads Vigh, commercial director of tagatose at Arla Foods tells FoodNavigator.com.
Produced through a joint venture of Denmark's Arla Foods and Germany's Nordzucker, the sweetener is already approved and enjoying gains in major markets, such as the US since 2003 and Australia from 2004.
Last year the US' number one retailer Walmart, eager at the time to cash in on the now waning low-carbohydrate fad, said it would emblazon the Gaio tagatose brand logo on the packaging of a new range of juices.
Further boosting market presence, last week Arla learnt that its tooth-friendly tagatose had gained approval in Brazil.
The 25 member states have 60 days to raise queries about the tagatose dossier. At the end of this time, Arla will individually document and respond to each question.
If any critical issues are raised that are unsatisified by Arla's response, the European Commission will address the query.
D-tagatose is a sugar (monosaccharide) that occurs naturally in small amounts in heat-treated dairy products, where it is formed from galactose by isomerisation.
The ”non-cariogenicity, prebiotic activity, low glycaemic impact and reduced energy value of D-tagatose are the main reasons for its use in sweet tasting foods,” claims Arla in the novel foods application.
Tagatose has not been consumed to date in significant amounts in the EU, therefore it is regarded as a novel food.
Since it is produced at a commercial scale from galactose, a component of lactose, by a one-step chemical isomerisation it complies with the definition of a novel food, adds the producer.
Production capacity for tagatose is currently at about 1200 tonnes but the firm said it is currently investigating options to provide a higher output platform.
Vigh suggests that because of the synergies identified between tagatose and high intensity sweeteners, food makers could also cut their quantities of the higher priced intense sweeteners.
Per pound high intensity sweeteners are considerably more expensive than tagatose (about $2.50 per pound), although food formulators use less in their recipes.
If approved, food formulations integrating tagatose for the European market are likely to maximise on recent science that highlights the ingredient's slow glycaemic (GI) response, an index increasingly used by dieters as a form of carbohydrate control.
A low GI food will cause a small rise in blood sugar levels, whereas a higher GI food may trigger a large increase.
In addition, Arla is optimistic that its low cal sweetener about three times the price of sugar can bring cost savings to food manufacturers in their flavour formulations.
SweetGredients, the joint venture of Arla Foods and Nordzucker, recently declared it was working with the flavour house Symrise to design specific flavour and tagatose blends.
They believe the systems could reduce quantities of more expensive flavours.
Vigh said new findings suggest tagatose has the ability to improve a flavour's profile.
“In initial studies we found that when we added tagatose to mint flavours the profile was boosted considerably,” he says.
The low calorie bulk sweetener about three times the price of sugar can be added to flavour systems in quantities at less than 1 per cent.
In certain confectionery flavour systems on trial the tagatose addition has cut total system costs from between 5 and 10 per cent, claims SweetGredients.
http://www.foodnavigator.com/news/ng.asp?id=62565
FTK...Gotta say, the earnings
PR crapped me out a little. Q over Q gains were disappointing. Revs only increased $800k, and that supposably included partial sales from the acquisitions. I was expecting more. Net profit after taxes slipped to below 9% after being at 15%. The projected $52M in sales for y/e (figuring on high end), puts them at $15M for the fourth Q. That's only $1.7M in gains Q over Q, which doesn't seem like much after the 2 acquisitions and what they paid for them. May be tough getting to an eps of $.30-$.40 for the fourth quarter being in a 27% tax bracket. So much for life in the stock market.
I haven't listened to the cc yet, but 70M- $75M in revs projected for next year is less than I was expecting also. I was figuring the Harmon and LOR acquisition would bring more sales to the company. Even if they were at 15% net after taxes next year, $75M in sales would only equal an eps of $1.35 diluted, so I was way off.
Reality sets in.
We'll see what happens.
OIS...Excellent quarter reported last night. Earned $0.65 per share last Q on strong growth. Current share price is approx $32.65. One for the watch list.
n_c3, Re: FTK...
Earnings on Wednesday BMO. That leaves one more trading day after today. First earnings report along with cc while being listed on the AMEX.
I'm ready.
SSALF / MXBIF...
MXBIF recently acquired an additional 11% of Sasamat Capital Corporation (SSALF) at US$2.67 per share. SSALF is a holding company, with 6.46 million shares outstanding. The company's significant asset is its ownership of 5,046,172 shares of MFC Industrial Holdings AG. MFC Industrial Holdings AG owns an industrial park in Germany, and 100% of KHD Humboldt-Wedag. MXBIF owns 73% of MFC Industrial Holdings AG but 100% of KHD directly and indirectly.??
MFC Bancorp now owns directly and indirectly, 3,957,969 common shares of Sasamat, which represents 50.5% of Sasamat's outstanding common stock.
It's kind of a tangled web, but if you like MXBIF, you may want to look at SSALF. I'm hoping someone else can add their comments. Read this from a few weeks ago...
http://forensiccapitalmanagement.myblogsite.com/blog/_archives/2005/9/8/1209683.html
MXBIF, Here's an interesting writeup posted by kyk2001...
http://www.investorshub.com/boards/read_msg.asp?message_id=7804545
FTK...Notes from SB-2 filed yesterday (Niles_Crane3)...
- The Harmon acquisition was completed on Aug 19.
The Precision-LOR acquisition was completed on Aug 31.
- "We have been expanding our international sales efforts and we expect international sales to continue to increase. Internationally, we operate primarily through agents in Canada, Mexico, Central and South America, the Middle East, Asia and Russia."
- As of September 30, 2005, there were 165 full-time employees.
- "We continue to actively seek acquisition or merger candidates in our core business to either decrease costs of providing products, add new products, expand our customer base, and/or expand our geographic footprint. Currently the Company plans to stay focused on further integrating completed acquisitions and expanding within our three core segments both domestically and internationally and on integrating our recent acquisitions into our operations. In addition we have plans to expand our existing manufacturing, warehouse and office facilities in Marlow, Oklahoma and Raceland, Louisiana."
- Common Stock to be outstanding after the offering...8,317,064
CNXT...Didn't really care for the -$0.01 guidance.
CNXT reports after the close. Will this be another quarter of consecutive improvements? Will they turn a slight profit this quarter? We'll find out after 4 P.M....
http://finance.yahoo.com/q/is?s=CNXT
Currently trading at $1.80 a share.
FTK...Q3 results will be released on Nov 2 (BMO)....
Flotek Industries Announces Conference Call to Discuss 2005 Third Quarter Financial Results
HOUSTON, Oct. 26 /PRNewswire-FirstCall/ -- Flotek Industries, Inc. (Amex: FTK - News), will hold a conference call to discuss 2005 third quarter financial results on Wednesday, November 2, 2005 at 3:00 PM CST. Flotek plans to release its third quarter financial and operating results prior to the market opening on Wednesday, November 2, 2005.
FTK, (n_c3)...That was quite a surge at the end of the day. Very low volume until the last ½ hour.
I'm 0% cash, maxed out on margin, and ready for earnings!!
Last 10 trades on FTK...
16:04:27 20.750 11100 AMEX
16:03:57 20.600 500 AMEX
16:03:48 20.600 100 AMEX
16:03:08 20.500 1000 AMEX
16:02:49 20.350 200 AMEX
16:02:10 20.200 200 AMEX
15:53:43 20.100 300 AMEX
15:46:18 20.000 3900 AMEX
15:44:43 20.000 5000 AMEX
15:40:00 20.000 2500 AMEX
HRBN...Research Report...
HRBN redesigned their web page and they now have a link to a research report from 6/20/05 issued by New York Global Securities...
http://www.harbinelectric.com/download/Research.pdf
http://www.harbinelectric.com
Twoggle, thanks for the info.
Thanks twoggle. I'm going to read through the research report later today.
HRBN...New 52 wk high today. eom
Top 5 L/T picks heading into earnings...
It's a crap shoot, but here are my current top 5 long term picks...
1) FTK ($20.20) http://www.flotekind.com/
Good consecutive gains quarter after quarter. Two recent acquisitions, w/ another one on the way. (Flotek mentioned at the EnerCom conference that they were also working on an acquisition to expand their specialty chemical division.)
Low share count w/ huge growth...
http://www.investorshub.com/boards/read_msg.asp?message_id=8020480
2) MXBIF ($22.35) http://www.humboldt-wedag.de/
Earned $0.98 a share last quarter w/ a strong and growing backlog. If they come in w/ earnings of $1+ per share, this one will be trading in the 30's! (MXBIF's new symbol as of Nov 1 will be KHDH)
3) HRBN ($4.40) http://www.harbinelectric.com/
Good consecutive gains. Earned $0.17 a share last quarter. Will not be paying taxes until after June of next year.
4) CNXT ($1.96) http://www.conexant.com/
Not a VM, but they're in the middle of a huge turnaround. Mentioned CNXT on the ZCC board about a month before it was mentioned on Cramer's Mad Money...
http://www.investorshub.com/boards/read_msg.asp?message_id=7150247
5) ECH.to ($2.60 cdn) http://www.enerchem.com/index.php?page=main
Showing good yearly gains w/ an eps of $0.12 cdn for 6 months. Q3 #'s should show a good improvement over Q2.
FTK...
New 52 week high!!
WHAT A BRICK!!!
FTK?..."Oil Services stocks are well positioned to perform even if oil prices were to drop $15-$20 from current levels. The idea is that as long as prices remain reasonably high, and at this point only extremists and doomsayers believe otherwise, the oil service companies will still be able to increase earnings due to strong demand and lack of capacity in the sector. On the other hand, if prices can stay over $60 or move higher the services stocks will be able to raise their rates that much more."
http://www.resourceinvestor.com/pebble.asp?relid=13732
ECH.to....Q3 #'s should show quite an improvement over Q2.
Current price $2.60cdn...
From Q2 results...
Operating Environment
Continuing strong commodity prices - and their impact on exploration, drilling and production - have helped Enerchem achieve another strong quarter. Our revenues, net earnings and earnings per share for both three months and six months have improved significantly over the comparable period in 2004.
Over 4,000 wells were drilled in the second quarter in the WCSB, a level that was relatively consistent with last year. While drilling started to pick up in May during spring break-up, the heavy rainfall in June throughout Western Canada led to a decline in activity. The spring season is normally our slowest period given that weather conditions are not conducive to operating heavy drilling equipment in the oil & gas fields.
The seasonal downturn from spring break-up conditions resulted in a slow decline in Fracsol(R) fluid volumes, and wet weather in June resulted in a suspension in activity for most of the Canadian fracing crews. For drilling fluids, record volume deliveries were achieved in April. May volumes slowed due to breakup conditions and picked up again in June as more of the deeper rigs resumed activity. During the quarter there were steady deliveries of Specialty Chemicals and Solvents that are not traditionally affected by spring break-up.
Higher crude oil prices have continued to put upward pressure on our costs since our products are based on hydrocarbon feedstock purchases; however, our customers have supported the implementation of increased pricing, thereby mitigating some of the pressure on our margins.
We achieved record utilization, higher overall product cuts and increased margin from our fractionation plants in Sundre and Slave Lake, Alberta.
Revenues from our new Energy Marketing group were lower than the first quarter of this year due to a change in ownership by one of our business partners, which did impact our marketing activities. Overall, the division continues to grow by maximizing the return on the by-products from our plants. The addition of a new fluids cooling system at the Sundre plant and the installation of a refrigeration unit at the Slave Lake facility will only add to our opportunities from this division.
Facilities Update
The two-week plant turnarounds in Sundre and Slave Lake were completed in the second quarter. As well, our new tank farm at Slave Lake is ready for commissioning and we expect to have it fully operational by the first week in August.
Outlook
Strong commodity prices are unabated and industry experts are predicting a continuation of high levels of exploration, drilling and production activity in the WCSB well into 2006. This should sustain demand for our premium products by the oil and gas industry, and further improve Enerchem's performance.
http://biz.yahoo.com/cnw/050803/enerchem_intl_results.html?.v=1
http://investdb.theglobeandmail.com/invest/investSQL/gx.company_prof?company_id=183518
http://www.enerchem.com/index.php?page=main
AWRCF...Ask is currently $1.85, yet last month PEWC reacquired 7.3M shares at an exercise price of $2.58....
"Asia Pacific Wire & Cable Corporation Limited (Pink Sheets: AWRCF - News) today announced that Pacific Electric Wire & Cable Co. Ltd. (PEWC) had exercised an option and reacquired 7,307,948 shares of APWC, representing 52.84% of the outstanding shares, at an exercise price of US$2.581 each. The shares were acquired from a designee of Asset Managers Co., Ltd. (AMC), a prominent publicly traded Japanese venture capital manager."
MXBIF...MFC Bancorp Ltd. Announces Shareholders Approved the Name Change to KHD Humboldt Wedag International Ltd.
10/14/2005 7:35:28 AM
HONG KONG, Oct 14, 2005 /PRNewswire-FirstCall via COMTEX/ -- MFC Bancorp Ltd. (MXBIF) announced today that its shareholders approved the Company's proposed name change to "KHD Humboldt Wedag International Ltd." at a Special Meeting of Shareholders here on October 11, 2005. The Company plans to implement the name change promptly; the shares will trade under a new trading symbol, "KHDH," on the Nasdaq Stock Market beginning on November 1, 2005.
Chairman and President Michael J. Smith said that, "Our new name and the expansion of our China and India operations, together with the emphasis on the industrial and engineering business of KHD Humboldt Wedag GmbH ("KHD"), we believe will provide the Company with long-term growth and the enhancement of shareholder value."
KHD, founded in 1856, is one of the world leaders in supplying proprietary technologies, equipment and engineering services for cement, coal and minerals processing. It designs and builds plants that produce and/or process clinker, cement, beneficiated coal, base metals and precious minerals. KHD has in excess of 900 employees worldwide, with operations in India, China, Russia, the Middle East and the United States.
The Company plans to launch a new website shortly to better explain its business and prospects. That website will replace the current website at www.mfcbancorp.com.
niles_crane3,
Re: FTK...
Both the Harmon & Precision-LOR acquisitions are closed to my knowledge! Harmon was closed in August. I would think the completion of the acquisitions will be announced in the Q3 results.
They currently have approx 8.3M shares outstanding and I believe the PP shares are restricted for a year.
FTK is a brick!
Also, Capital City Trust showed up as a new institutional investor today, but only w/ 500 shares.
Four institutions now hold 166,750 shares.
MXBIF...News of a listing on an Asian stock exchange would be nice..."MFC Bancorp Ltd. will call a special shareholders’ meeting for October 11, 2005 to change its name to KHD Humboldt Wedag International Ltd. in order to better reflect its new emphasis for the future and will seek an additional listing of its common shares on an Asian stock exchange."
FTK's Petrovalve (Repost)...
IMO, the Petrovalve is a real sleeper within the company. It's a patented product that will ba a priority for Flotek over the next year and will also add nicely to the bottom line.
In June Flotek signed w/ CE Franklin (CFK) to act as the exclusive distributor of the Petrovalve production tools within Canada.
Two weeks ago they signed an agreement with Don-Nan Pump and Supply in which Don-Nan will have exclusive rights to install the patented Petrovalve products in their rod pumps. Don-Nan operates in nine locations within Texas, Colorado, Wyoming, and New Mexico.
If you go to slide 8 of Flotek's EnerCom presentation, you will find this under Petrovalve's "Growth Stratagy"...
Expanding client base -
- Focus on international markets
- 18 international agency marketing agreements
http://www.investorshub.com/boards/read_msg.asp?message_id=7962576
http://www.flotekind.com/divisions/petrovalve/petrovalve.htm
http://www.vcall.com/IC/CEPage.asp?ID=93026&CID=
September rig count up 20 percent over last year
The number of rigs that searched for oil and gas worldwide in September climbed 20 percent since September 2004, according to oil services firm Baker Hughes Inc.
In the United States, the total number of rigs in operation rose from 1,240 in September 2004 to 1,452 in September 2005.
The number of rigs exploring for oil and gas in Canada was up from 273 in September 2004 to 497 rigs in September 2005. And the number of rigs in Latin America was up 13, to 307 rigs.
The total North American rig count in August 2005 rose by 436 to 1,49 rigs. The number of rigs worldwide rose by 477 -- to 2,856 rigs -- from September 2004 to September 2005.
Rig counts tally the number of drilling rigs actively exploring for or developing oil or natural gas in the United States, Canada and international markets.
http://houston.bizjournals.com/houston/stories/2005/10/03/daily47
n c3, Re: FTK...
Huge point on 27% taxation!!!
BTW, I heard both acquisitions are complete.
Did you see my post #24740?
http://www.investorshub.com/boards/read_msg.asp?message_id=8020480
FTK...Recent Institutional buying...
New position for PATE CAPITAL PARTNERS, 100k shares of FTK
http://www.nasdaq.com/asp/holdings.asp?mode=&kind=&symbol=ftk&symbol=&symbol=&sy...
FTK...If my calculations are correct...
FTK will earn over $6M in the 2nd half of the year compared to $3.5M in the 1st half.
($9.9M net profit divided by 8.3M shares (approx current share count which includes PP shares) = $1.20 eps).
If you take in account the 27% tax rate mentioned in the EnerCom projections, Flotek is going to show much more growth in the 2nd half of this year than in the 1st half!
Based on these numbers and 0 growth next year, Flotek would earn $1.54 per share in 2006. But we already know their chemical division will double in sales, their Petrovalve division should more than double, their tool sales & rental division will show good organic growth, and they'll be adding drilling tool inspection services throughout the company.
I'm beginning to think FTK could earn close to $3 per share next year.
This is all speculation but in a few weeks Flotek will announce their Q3 earnings, which will be their first earnings report since being listed on the AMEX. We'll see what happens.
Niles crane3, what do you think?
FTK, Growth & Profitability...
Q3 ended Friday. Results are just around the corner.
Flotek is showing phenominal growth with a current 15% NET (after tax) profit margin!! Their sales are already up over 140% for the year, with a 400% increase in profits.
The Harmond acquisition was completed in August and puts Flotek at approx 145 employees. (Does not include the Precision-LOR acquisition which should be completed this month). Hamond along w/ Precision-LOR will also be contributing 15%+ net to Flotek's bottom line according to CEO.
Flotek's Petrovalve...
IMO, the Petrovalve is a real sleeper within the company. It's a patented product that will ba a priority for Flotek over the next year and will also add nicely to the bottom line.
In June Flotek signed w/ CE Franklin (CFK) to act as the exclusive distributor of the Petrovalve production tools within Canada.
Two weeks ago they signed an agreement with Don-Nan Pump and Supply in which Don-Nan will have exclusive rights to install the patented Petrovalve products in their rod pumps. Don-Nan operates in nine locations within Texas, Colorado, Wyoming, and New Mexico.
If you go to slide 8 of Flotek's EnerCom presentation, you will find this under Petrovalve's "Growth Stratagy"...
Expanding client base -
- Focus on international markets
- 18 international agency marketing agreements
Flotek's Specialty Chemicals division will double next year according to CEO. Their drill rental division should show robust growth due to recent acquisitions and in-house expansion. They're also planning on implementing drilling tool inspection services throughout the company.
This is a solid company w/ solid management...
Profitability
Profit Margin (ttm): 13.79%
Operating Margin (ttm): 17.96%
Management Effectiveness
Return on Assets (ttm): 17.99%
Return on Equity (ttm): 79.90%
Strong growth definitely lies ahead for FTK. Looking forward to Q3 earnings report.
MXBIF...Here's an interesting article that came out yesterday regarding KHD Humboldt's engineering capabilities. MXBIF's name change to "KHD Humboldt Wedag International" should take place this month...
Value-addition the key to business success
Published: 2005/09/30
Author: jade davenport
Having the ability to supply mechanical plant for processing materials in the mining industry is simply not enough in today’s highly competitive market. This is according to Humboldt Wedag South Africa MD Johannes Kottmann, who further adds that, in order to be competitive, companies must be able to offer value-added services. “This includes the ability to conduct feasibility studies, and do both laboratory and pilot-scale testwork before offering a processing solution,” Kottmann tells Mining Weekly.
Humboldt Wedag supplies mechanical plant for processing materials in the minerals-processing and cement industries. The Johannesburg-based company is a subsidiary of KHD Humboldt in Köln, Germany, and according to Kottmann, has affirmed its position at the cutting-edge of minerals-processing technology for engineering and as a supplier of equipment. “Being able to draw on the technical expertise that resides with our German parent company and other Humboldt Wedag operations worldwide gives us a significant edge in the local market,” says Kottmann.
The resources available to Humboldt Wedag through the Köln research and development centre include raw-material investigations and tests to verify and improve the design of ma- chines and equipment, using state-of-the-art techniques which include spectroscopic chemical analysis, wet tests, gas analysis and electron microscopy. The research database has extensive experience in the layout of machinery and plants which answer the increasingly important requirements of environment-friendly operations within the framework of produc-tivity and profitability.
“With over 600 vibrating screens in operation in South Africa alone, we are able to assess and provide the competent expertise and know-how in speci-fying and installing the correct screen for any process appli- cation,” explains Kottman. The company offers both dynamic and static screens for scalping, sizing, dewatering, trash-removal and other appli- cations, as well as a range of vibrating screens. Each screen is designed with sound mechanical features, including vibration damping, side plates, cross members and the appropriate feed and discharge chutes. All types of screening surfaces can be accommodated. The newest screen in the range, the Humboldt Wedag VSL/VSK screen, is considered ideal for use in crusher plants for sizing applications. Kottmann says this screen range was value-engineered to ensure an extremely cost-effective screening solution. The range begins with 300- mm-wide screens and is available in different lengths which can be tailor-made to suit individual applications. Although the screen requires a small footprint, it can be adap-ted to suit existing footprints. It can also be manufactured to use nonstandard screen media, if necessary. Successful installations of these screens include 1,8-metre-wide 5 4,88-metre-long VSL/ VSK units in a secondary crusher screen application at the Deb-swana Orapa diamond-mine in Botswana.
Another area where Humboldt Wedag has been able to use its engineering capabilities to make a difference is the cement indu-stry. Kottmann explains that the local cement industry uses blast-furnace slag as one of the ingredients in the production of cement and, until recently, it was not possible to produce the required per gram Blaine in a single pro-cess. Through ongoing research and development by KHD Humboldt Wedag, a new-design roller press engineered specifically for the grinding of granulated blast- furnace slag was introduced to the market. The new grinding system comprises a roller press, a V-sep-arator and a cage wheel separator. “Apart from producing a final product in a single process, this advanced system has a number of other benefits,” Kottmann says. By incorporating ancillary classification into the grinding process, the system also handles other functions such as disagglomerating, drying and cooling. Wet slag is dried before reaching the circuit elevator, resulting in trouble-free handling of the material.
Numerous successful installations have been commissioned since its launch in 2000 and, in one application, the required cement quality is reached with just under 3 000 cm2/ gram Blaine. It is significant that the cement properties remain the same. A materials-handling technology that Humboldt Wedag believes can reduce costs in secondary grinding applications is the Palla vibrating mill. According to Kottmann, there are 1 600 Humboldt Wedag Palla vibrating mills operating in no fewer than 50 countries around the world, used for treating more than 100 different materials. “This proves the versatility and efficiency of these units, which mills can use in wet or dry applications for secondary grinding and pulverising of materials of any hardness, and which are designed for maximum production with the lowest possible expenditure on installation, grinding media and maintenance,” he says. This vibrating mill is designed as a single-mass vibrator operating in the supercritical zone of materials fracture. The vibrating structure is excited by unbalanced weights comprising two parallel grinding cylinders joined by webs. The milling unit is supported on its frame by rubber buffers and, according to feed and required fineness, balls, rods or rod sections of different materials are used as grinding media. Operation can be continuous or intermittent, and grinding can be carried out in an atmosphere of inert, protective or reactive gas and at temperatures well below zero if necessary.
Depending on the feed characteristics, pro- duct sizes of as low as 45 micrometres can be obtained, particularly when grinding in closed circuit with the Humboldt range of dry classifiers. Subject to specific duty, throughputs from 20 kg/h to 20 t/h can be realised with the different machine sizes available. Applications include nonmetallic min- erals, cement, ceramics, refractories, glass, abrasives, chemicals, coal and other fossil fuels. Materials include burnt lime, zirconium sand, barium ferrite, slags, zinc oxide and corundum.
Palla mills are being used at Palabora Mining Company, Foskor and Zirtile in copper, phosphate and zircon applications respectively.
http://www.engineeringnews.co.za/eng/news/features/?show=74054
FWIW....4 patents listing HRBN's CEO Yang Tianfu as the inventor....
(Can't get an abstract on any of them)
03260252 Linear electric-motor driven road junction guardrail
03260318 Cylinder pattern linear motor driven translatory door
03260319 Linear motor drived rotary doors
20018944 Rare earth permanent-magnet rectilinear synchronous motor
Go to...http://www.sipo.gov.cn/sipo_English/zljs/default.htm
and type in Yang Tianfu. (Patents will be listed as #'s 8, 9, 10, 12)
HRBN...Found one of HRBN's patents titled "Cylinder pattern linear motor driven translatory door". (No abstract though)...
http://211.157.104.67/sipoasp/e-zljs/hyjs-yx.asp?recid=11&ResultID=2
If link doesn't work try this one. Type in linear motor for Term 1 and Harbin for Term 2. It's #12...
http://www.sipo.gov.cn/sipo_English/zljs/default.htm
HRBN, (jtomm)...I view the email as positive. It does in fact prove that there is something currently going on w/ Baldor. In their response they said that even though it has taken longer than expected, they are trying to hammer out the details and determining how they will all move forward.
This is also positive..."This joint venture IS intended to allow us to "put a toe in the water" regarding manufacturing linear motors for the Chinese market, and perhaps open up sales distribution for us down the road for some of our other products."
What's also interesting is the fact that HRBN holds 3 patents for commercial applications of linear motors in China. I would like to know how strong these patents are and what they cover.
They look to have a qualified management team, so I'm sticking with this one...
http://www.investorshub.com/boards/read_msg.asp?message_id=7587015