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wadegarret, Re: MXBIF...What do you think of the latest contract news (August) mentioned in post #19978?...
http://www.investorshub.com/boards/read_msg.asp?message_id=7417132
I also like MXBIF. Looks like backlog could show a huge increase. (not that it hasn't already). The site I posted shows MXBIF securing one contract in May, none in June, & one in July. They've already secured 5 contracts in August and the month's not even over. Wonder what Sept will bring.
I added to my position late last week and I'm holding. We'll see what happens.
MXBIF...Latest contract news for KHD Humboldt Wedag...
(REMEMBER, The current increase in backlog #'s mentioned in MXBIF's recent earnings PR was ONLY as of June 30, 2005 and DID NOT include August)...
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.
INDIA
JUNE 2005: Grasim Industries Ltd, member of the Aditya Birla Group, India has awarded Humboldt Wedag India Ltd and its holding company, KHD Humboldt Wedag GmbH, Germany the contract for engineering and supply of a new 1 million tpa clinker grinding plant. The plant will be erected at Dardi/Uttar Pradesh, with a capacity of 175 tph of PPC cement of fineness 3800 cm2/g Blaine.
INDIA
MAY 2005: Humboldt Wedag India Ltd and its holding company, KHD Humboldt Wedag AG, have been awarded the contract for engineering and supply of a new 0.5 million tpa clinker grinding plant by Chettinad Cement Corporation Ltd (CCCL), India. The plant will be erected at CCCL´s Karikalli cement plant at Karikalli village of Dindigual District in Tamil Nadu.
http://www.worldcement.com/Cement/WC_contractsList.htm
In4more FTK 2day...
http://www.investorshub.com/boards/read_msg.asp?message_id=7358622
Holding, Waiting, & Accumulating!
MXBIF...Here's where the growth is coming from...
"The recent growth of the company is clearly tied to it's core asset, KHD Hunboldt Wedag GmbH ("KHD"). (Taken from Q2 report).
Here's KHD's webpage. Go to news....
http://www.humboldt-wedag.de/
Re: MXBIF...Should have a strong Q3 based on the consecutive gains in their backlog. (JMO)...
Backlog
Y/E 2004 = $257M
4/30/05 = $338M
6/30/05 = $352M
I'm Holding, Waiting, and Accumulating!
Want to say thanks to valuemind for posting this stock & their earnings here yesterday!
(Hope they're listed on an Asian stock exchange before Q3 #'s are released).
CHAR...Look's like China's doing a little prospecting right in the middle of CHAR land....
China Goes Prospecting In Kazakhstan...
"With the demise of the Unocal deal, Kazakhstan looks increasingly attractive as a Chinese energy investment destination. In addition to CNOOC, other large state-owned energy entities, such as PetroChina, are cash-rich and on the lookout for takeover targets."
http://www.eurasianet.org/departments/business/eav081505ru.shtml
Composite Technology Settles Litigation and Agrees to Brief Continuance of Plan Confirmation Hearing
8/16/2005 8:01:12 AM
IRVINE, Calif., Aug 16, 2005 /PRNewswire-FirstCall via COMTEX/ -- Composite Technology Corporation (CTC) (CPTCQ), has agreed to a brief continuance (30 days) of its Chapter 11 plan confirmation hearing to finalize the terms of its settlement with one litigation claimant and to further settlement negotiations with others. CTC reached a settlement in principal with Ascendiant Capital Group, Inc., Mark Bergendahl, and Bradley Wilhite (collectively "Ascendiant") resolving all issues among the parties. Leonard M. Shulman of Shulman Hodges & Bastian LLP, CTC's bankruptcy counsel, stated: "We are extremely pleased that this matter has been resolved by settlement in lieu of continued litigation. The terms of the settlement must now be documented and submitted to the bankruptcy court for its approval. Creditors will receive notice of this settlement prior to the settlement hearing which we anticipate will occur in the next 30 days."
CTC filed its voluntary petition for reorganization under Chapter 11 of the U.S. Bankruptcy Code bankruptcy on May 5, 2005. On the same day as its bankruptcy filing, CTC filed its proposed plan of reorganization which, if confirmed by the Bankruptcy Court, would pay its creditors in full. The bankruptcy court originally scheduled the plan confirmation hearing for September 8, 2005 and CTC has now agreed to continue this hearing for 30 days.
Shulman further stated: "With the addition of the Ascendiant parties, we are very pleased that CTC will have additional support for its plan of reorganization. We believe a brief continuance of the plan confirmation hearing will prove to be very beneficial to provide the time needed to finalize the Ascendiant settlement and to continue our settlement discussions with other litigants, including Acquvest. CTC will continue working with its creditors, shareholders and all interested parties throughout this process. The proposed plan addresses all litigation claims and provides for payment in full (100%) to its creditors."
CTC's Chairman and CEO Benton Wilcoxon added: "We are pleased to have reached a settlement with Ascendiant and look forward to further discussions with the remaining claimants. CTC remains on track to emerge from bankruptcy to continue with its business of developing, producing and marketing innovative and cost effective products including marketing its composite core electrical conductor cable for the utility industry."
CHAR...Look at the CURRENT increase in production...
"Production for the first half of 2005 was 1.73 million barrels, equivalent to 9,555 barrels of oil per day ("bopd"), compared to 1.43 million barrels, or 7,867 bopd, in the first half of 2004, an increase of 21%. Current daily oil production is in excess of 11,500 barrels per day."
Gonna show some good gains for Q3!!! EPS of .25¢++?? This is definitely a tight investment as long as oil stays above $50.00 a barrel. Bought more this morning and holding!
Looking ahead into 2006...Anyone see this?..."In the second half of 2005, construction of a rail loading facility is expected to commence near the field so that by the end of the second half of 2006, crude oil will be able to be transported by rail to Aktau. This is expected to result in significantly higher netbacks."
MXBIF...This morning's PR also mentioned that they're seeking an additional listing of their common shares on an Asian stock exchange. Not many shares outstanding, so that should tighten things up a bit.
I kind of like this company. Those were some strong numbers they posted this morning. No dilution and no insider selling.
Bought some on the open after reading valuemind's post.
CHAR's earnings PR is out...
Chaparral Resources, Inc. Announces Second Quarter Results and Operational Update
Monday August 15, 12:06 pm ET
WHITE PLAINS, N.Y.--(BUSINESS WIRE)--Aug. 15, 2005--Chaparral Resources, Inc. (OTCBB:CHAR - News; the "Company") today announced its financial results for the second quarter 2005. The Company reported net income of $6.60 million, or 17 cents per share, for the quarter ended June 30, 2005, compared to $1.30 million, or 3 cents per share, for the quarter ended June 30, 2004. The $5.30 million increase in net income primarily relates to higher revenues as a result of higher prices and higher sales volumes achieved during the second quarter of 2005.
Revenues were $33.16 million for the second quarter of 2005 compared with $17.47 million for the second quarter of 2004. The $15.69 million increase is the result of higher crude prices and sales volumes. During the second quarter of 2005 we sold approximately 793,500 barrels of crude oil for an average $41.79 per barrel. Comparably, we sold approximately 666,000 barrels of crude oil for an average $26.24 per barrel during the second quarter of 2004. The result is a positive price variance of $12.34 million and a positive volume variance of $3.35 million.
For the six months ended June 30, 2005, the Company recorded net income of $10.44 million compared to net income of $1.93 million for the six months ended June 30, 2004. The $8.51 million increase in first half net income is primarily a result of higher crude prices and higher sales volumes.
Revenues for the first half of 2005 were $57.49 million compared with $33.08 million for the first half of 2004. The $24.41 million increase is the result of higher crude prices and sales volumes. During the first half of 2005, we sold approximately 1,472,500 barrels of crude oil for an average $39.04 per barrel. Comparably, we sold approximately 1,354,000 barrels of crude oil for an average $24.42 per barrel for the first half of 2004. The result is a positive price variance of $21.52 million and a positive volume variance of $2.89 million. The Company exported 93% of total sales with 7% sold to the domestic market during the first half of 2005, compared with 88% export sales and 12% domestic sales in the first half of 2004.
Transportation costs for the first half of 2005 were $7.54 million, or $5.12 per barrel, and operating costs associated with sales were $7.39 million, or $5.02 per barrel. Comparatively, transportation costs for the first half of 2004 were $6.22 million, or $4.59 per barrel, and operating costs associated with sales were $3.90 million, or $2.88 per barrel. The increase in transportation cost per barrel during the first half of 2005 is the result of higher tariffs imposed on the Company. The main reason for the increase in operating cost per barrel is changes in cost allocation procedures resulting in a lower percentage of field expenditures being capitalized.
Production for the first half of 2005 was 1.73 million barrels, equivalent to 9,555 barrels of oil per day ("bopd"), compared to 1.43 million barrels, or 7,867 bopd, in the first half of 2004, an increase of 21%. Current daily oil production is in excess of 11,500 barrels per day.
Drilling activity continued in the second quarter. The Company drilled 3.6 wells (11,409m) in the second quarter of 2005 compared to 2.8 wells (8,624m) in the first quarter of the year. As of June 30, 2005 the total field well count had risen to 72 compared to 66 on December 31, 2004. The producing well count at the field as of June 30, 2005 was 52 wells compared to 45 at the end of 2004. One producing well was converted to a water injection well.
During the second half of 2005, further increases in production are expected from new wells, converting more wells to artificial lift, converting existing producers and adding new wells to the injection fund and by continuing with hydraulic fracturing work in selected wells. Work on the utilization of associated gas produced from the field will continue throughout the year. Also, in the second half of 2005, construction of a rail loading facility is expected to commence near the field so that by the end of the second half of 2006, crude oil will be able to be transported by rail to Aktau. This is expected to result in significantly higher netbacks.
Simon Gill, Chief Executive Officer of Chaparral, commented, "The steady increase in production at a time of high oil prices is strengthening the company's financial position. This increase in production is a direct result of focused management leadership in KKM which has resulted in improved geological understanding, resulting in better production from new wells and good production engineering, which is optimizing production by installing artificial lift and fast-tracking waterflood. With all these activities continuing and additional hydraulic fracs planned in the third quarter, I am optimistic that results will continue to improve."
Chaparral Resources, Inc. is an oil and gas development and production company. The Company's only operating asset is its participation in the development of the Karakuduk Field, in the Republic of Kazakhstan, through KKM, which is the operating company. The Company has directly and indirectly a 60% ownership interest in KKM with the other 40% ownership interest being held by Nelson. Nelson, an independent oil company listed on the Toronto Stock Exchange and the Alternative Investment Market of the London Stock Exchange, holds a majority interest in Chaparral and operates several other producing oil fields in Kazakhstan. More information is available on the Company's web site, www.chaparralresources.com
CHAR...Help. Q3 projections????
From 10Q..."Current daily oil production is in excess of 11,500 barrels per day."
11,500 x 90 days = 1,035,000 barrels for the quarter!?!
1,035,000 x $50.00 per barrel (fiquring low) = $51,750,000 in projected revenues for the 3rd Q! Is this right?
Is CHAR currently looking at a .25¢+ EPS for next Q?
If they are, this things way undervalued.
This compares to "During the second quarter of 2005, we sold approximately 793,500 barrels of crude oil, recognizing $33.16 million in revenue, or $41.79 per barrel after quality differential losses."
valuemind, Re: MXBIF...
Those are some pretty strong gains. Surprised it's not moving much.
FTK...'06 Projections...
Came up with these numbers after listening to Flotek's presentation last week. I'm not really good at this type of thing, but I think these numbers are very realistic...
The Specialty Chemical division is expected to double next year to $50M+ due to organic growth plus an acquisition.
I'm going to guess the downhole drilling tools (sales & rentals) division will also double due to organic growth and the acquisition of Harmon's Machine Works, Inc.
The Petovalve, patented downhole drilling valve divison will more than double.
Bottom line...FTK's revenues should at least double in '06...
Keeping in mind Flotek works on a 15% (or more) net profit (after taxes), this is what the #'s could look like...
Based on the $1.20 eps projection for '05, Flotek will do approx $54.4M in revs this year. ($54.4 x 15% = $8.16 net profit divided by 6.8M shares = $1.20 EPS).
If you double the revenue and take Flotek's outstanding shares up to 8M (to allow for acquisitions), here's what the '06 numbers might look like...
Revenues...$108.8M
Net Profit (after taxes)...$16.32M
EPS...$2.04
$2.04 x 10 = $20.40
$2.04 x 15 = $30.60
$2.04 x 20 = $40.80
Excellent L/T investment IMO.
FTK...More notes from the EnerCom presentation...
I listened to Flotek's presentation again and jogged down a few more notes. Flotek should now have the attention of the institutional investors and the Wall Street influencers.
(More on presentation in posts #19168 & #19171)
The notes...
- Flotek is not interested in revenue growth unless they can assure themselves and their investors that they are going to have significant profitability after taxes. (Net profit after tax at 15% or ABOVE).
- Downhole drilling...Wants to be involved w/ everything to do with downhole drilling. Sales involve the mining business, oil & gas business, industrial well business, and the water well business.
They've seen significant growth this year due to the Spidle acquisition.
They've been significantly expanding their client base.
They manufacture and sell all their mining tools.
Rental business has a very high margin & is very profitable.
Paid $8M for Spidle and got about $30M in equipment which they are moving south to expand their business.
Downhole production has been a small portion of their business, but that's going to change....
Until now, they have not paid much attention to the marketing of their patented downhole pump rod valve because they had to do some engineering to get the product in good shape. They did that in the later part of '04 and the beginning of this year. They now consider it an excellent piece of equipment.
The value of the patented downhole pump rod valve is that it is a guided piston and a guided valve. It has a number of designs that makes it extremely valuable to the producer...
1. Can increase the flow per stroke by as much as 40%.
2. Because it is a guided unit, they are seeing more & more production in horizontal holes.
More & more people are beginning to use it. Now using it in Russia and Venezuela.
Why The Pump Rod Valve Has Lagged Behind And What They Plan To Do About It In Their Marketing Strategy...
Flotek has had tremendous resistance from larger companies that are in the pump rod business. They don't want to replace their valves w/ another product that will take away their profits. They wouldn't get as much repair money or as many resales.
Flotek is currently working w/ a large pump rod company for exclusive rights.
When you see Flotek ACQUIRE a pump rod company, (should be sometime next year), you will see REVENUES AND PROFITS DRAMATICALLY INCREASE!
- Hadn't told anyone about the company until Enercom in Feb.
- Selling @ 23x trailing 12 months (2nd Q) and 15x projected earnings this year!
- Final comments from CEO Jerry D. Dumas Sr.....
We've had strong growth. We have strong projected growth.
We have grown very dramatically in organic growth.
We've been able to find accretive, strategic acquisitions.
We're growing significantly ABOVE industry rates.
We are trading at discounts and our liquidity is improving rather significantly.
Flotek looks like a strong company with phenomenal growth and profits. We'll see what happens.
If anyone is interested in hearing the presentation, here's the link...
http://www.vcall.com/CustomEvent/conferences/enercom/080805/agenda.html
EGY...From today's Enercom conference...EGY is forcasting a robust 3rd & 4th quarter this year.
FTK..A few more notes from conference...
Took notes very fast and couldn't read half of them. LOL!
- Green chemical (gotta do more research on this. Niles, help me here)...$900k last year, $4M already this year, $8M by the end of the year. Now serving Venezuela, Russia, Mexico, Canada, and the US. Looking at Far East. Working hard to expand patented products.
- Downhole will be a priority in '06. Their patented downhole prodution valve increases production and reduces cost per stroke. It's increase flow per stroke is 40% higher than a conventional valve. Already started working w/ a very large pump rod company and goal is to acquire a pump rod company in 2006.
- Jerry thinks they're still quite underpriced!
n-c3, Re FTK...I'm listening. Very strong growth w/ profits lie ahead!
Lentinman, What do you think of PLCC's earnings? I know this is one of your favorites.
PLCC Earnings...Paulson Capital Corp. Reports Second Quarter 2005 Earnings
Thursday August 11, 2:40 pm ET
PORTLAND, Ore., Aug. 11 /PRNewswire-FirstCall/ -- Paulson Capital Corp. (Nasdaq: PLCC - News) today reported net earnings for the three months ended June 30, 2005 of $6,072,894 (or $1.94 per share) versus a net loss for the same period in 2004 of $252,357 (or ($0.08) per share). Revenues for the three months totaled $17,996,110 versus revenues of $4,747,886 for the like period in 2004. For the six months ended June 30, 2005, earnings totaled $8,640,753 (or $2.74 per share) versus $105,255 (or $0.03 per share) for the first six months in 2004. Revenues for that same period totaled $28,130,515 versus revenues of $12,443,638 for the first six months in 2004.
Chester L.F. Paulson, Chairman, stated:
"Second quarter profits can, in great part, be attributed to the significant appreciation in price of two positions in our investment inventory accounts -- Charles & Colvard (CTHR) and DayStar Technologies (DSTI). As of June 30, 2005, the firm retained 778,000 shares of CTHR and 'B' warrants to purchase 450,000 shares of DayStar. In addition, on that date the Company owned Underwriter's Warrants to purchase an additional 129,949 units of DayStar. Underwriter Warrants are received as part of the compensation package for investment banking activities. Both CTHR and DSTI are corporate clients."
Paulson Capital Corp. is the parent company of Paulson Investment Company, Inc., a full service brokerage firm engaged in the purchase and sale of securities from and to the public and for its own account and in investment banking activities.
This release may contain "forward-looking statements" based on current expectations but involving known and unknown risks and uncertainties. Actual results or achievements may be materially different from those expressed or implied.
The Company's plans and objectives are based on judgments with respect to future conditions in the securities markets as well as general assumptions regarding the economy and competitive environment in the securities industry, which can be volatile and out of our control.
In particular, we make assumptions about our ability to complete corporate finance transactions and increase the volume and size of our securities trading operations, which are difficult or impossible to predict accurately and often beyond the control of the Company. Therefore, there can be no assurance that any forward-looking statement will prove to be accurate.
FTK...New All Time High! FTK presents at the Enercom Oil & Gas conference later today...
"This premier forum offers institutional investors, energy research analysts, retail brokers, investment bankers, energy industry professionals and high-net-worth individual investors a unique opportunity to meet and discuss important topics concerning the global oil and gas industry.
http://www.theoilandgasconference.com/presco.html#
Flotek's recent news should spark some interest...
- Now trading on the AMEX.
http://biz.yahoo.com/prnews/050727/nyw114.html?.v=17
- Strong Q2 #'s
http://www.marketwire.com/mw/release_html_b1?release_id=91654
- Flotek's agreement to purchase Harmon's Machine Works, Inc.
http://www.marketwire.com/mw/release_html_b1?release_id=92676
Bring on the institutional investors and the Wall Street influencers and let's get this brick over $20 a share before Q3 #'s are released...
EnerCom, Inc. is a leading investor relations consulting firm providing upper-end investor relations services for reaching Wall Street influencers. The firm serves a variety of public and private companies in the oil and gas extraction and services sectors, e-commerce and high-technology industries. The firm's specialties include public and private capital targeting of institutional and retail investors and helping clients develop financial models that attract attention from well-respected financial analysts of top-tier investment banking firms.
n_c3, re: FTK...Thank you and thank you hweb. I think we have a very good L/T stock here.
CKCM...Been waiting for a pullback, and what a pullback it was!! Took a position at the close yesterday and added this morning. Excellent growth potential.
FTK....WHAT A BRICK!!! Solid increases in revenues & profits quarter after quarter, and now another acquisition w/ very little dilution. A good solid L/T investment!!
Here's a BIG Thumbs-Up to whoever brought it to the board....
Bought more on the open. Institutions are bound to take notice, now that Flotek is trading on the AMEX.
CNXT...TechMeister Mailbag: The Skinny on Tech...
AMCC, VTSS and CNXT are still extremely undervalued, which is true for most former highfliers that are now trading at "option prices" (when an investor buys a stock trading below $5, I say that they are essentially buying an option that the company will survive). Keep in mind that just because they are below fair value is not a signal to buy. These three look like reasonable speculations, but I would like to have a basket of 10. The odds for one making it back to its glory days could offset losing your capital on the other nine.
http://www.thestreet.com/_yahoo/comment/richardsuttmeier/10236921_3.html
CNXT opened @ $1.75 today after pulling back on profit taking after earnings. Still think this is a great 1 year+ hold.
FTK...Flotek Executes Agreement to Purchase Harmon's Machine Works, Inc.
Tuesday August 9, 6:00 am ET
Acquisition Broadens Flotek's Drilling Products Business
HOUSTON, TX--(MARKET WIRE)--Aug 9, 2005 -- Flotek Industries, Inc. (AMEX:FTK - News), announced the signing of a definitive agreement to purchase the assets of privately held Harmon's Machine Works, Inc. www.harmongalleon.com on August 4, 2005. Consideration to be paid is approximately $3.4 million cash, $0.6 million stock, and $0.5 million assumption of net liabilities. The deal is anticipated to close later this month.
Harmon's Machine Works, Inc., ("Harmon") is one of the premier downhole oilfield and mining tool companies with manufacturing and sales operations located in Midland, Texas. Harmon serves both the domestic and international downhole tool markets.
"The addition of Harmon to our Drilling Products Group is consistent with our strategy to grow our core businesses," stated Jerry D. Dumas, Sr., Chairman and Chief Executive Officer of Flotek. "The acquisition will allow us to expand our mining sales, and expand our drilling tool rental business into the Permian Basin, South Texas and North Texas. The acquisition will provide additional low-cost manufacturing capabilities for our entire downhole drilling tool operations, contributing to improved overall gross margin targets."
As previously announced, Flotek second-quarter profits rose 350% to $2.0 million, on total sales of $12.5 million up 159% from 2004.
Net income for the second quarter increased to $2.0 million, or 29 cents per share, from $0.4 million, or 7 cents per share, a year ago. Earnings per share of 29 cents represent a 32% sequential increase over first quarter 2005 earnings per share of 22 cents. Looking ahead, the company said it expects to meet or exceed its full-year earnings forecast of $1.00 to $1.05 per share.
Financial Results (in millions, except per share amounts):
Three Months Ended Six Months Ended
June 30, June 30, June 30, June 30,
2005 2004 2005 2004
------ ------ ------ ------
Revenue $ 12.5 $ 4.8 $ 23.5 $ 9.6
Net Income $ 2.0 $ 0.4 $ 3.5 $ 0.7
Basic EPS $ 0.29 $ 0.07 $ 0.51 $ 0.10
Diluted EPS $ 0.26 $ 0.06 $ 0.46 $ 0.10
Flotek will present at The 10th Oil & Gas Conference in Denver on Thursday, August 11, 2005 at 4:30 pm. A live webcast of the presentation can be viewed by accessing www.enercominc.com. A copy of the Flotek presentation slides will be available on www.flotekind.com the day of the presentation.
Shares of Flotek's common stock began trading on the American Stock Exchange under the symbol "FTK" on July 27, 2005.
MVCO...Ready Mix Files For IPO
Meadow Valley's Ready Mix Inc. (RMI), has filed a registration statement with the SEC for the IPO of 1,000,000 shares of RMI common stock.
The proposed offering price of $12.00 per share. The shares will be offered on a firm commitment basis through HD Brous & Co., Inc. Subsequent to the offering, Meadow Valley will own 1,500,000 shares of RMI common stock, or 60% of the total shares of RMI outstanding. Proceeds from the initial public offering are expected to be used by RMI for the purchase of plant and equipment, repayment of debt to Meadow Valley and working capital.
"Ready Mix has provided ready-mix concrete products to the construction industry since 1996. The company currently operates two ready-mix concrete plants in the metropolitan Phoenix area, two plants in the Las Vegas area, and one plant in Moapa, Nevada. Ready Mix also operates a sand and gravel crushing and screening facility in Moapa which provides raw materials for its Las Vegas and Moapa concrete plants."
http://www.webpronews.com/business/topbusiness/wpn-54-20050214ReadyMixFilesforIPO.html
FTK...Very strong on Fri and again today!
NSH...Institutional ownership is OVER 75% of the float! Can't be many companies out there with that kind of interest.
Looks like Q2 earnings will get a little extra boost. Nashua expects to reflect a benefit in its statements of operations in the second quarter of 2005 in the range of $1.2 to $1.5 million. (tax related from 8k filed June 21, 2005. See below). That's good for $0.19 - $0.24 per share!
They should show good sequential gains in eps over last quarter, also due to the fact that last quarter included a $1.7 million severance charge, a $400,000 pension curtailment charge to exit the toner business and a $600,000 severance expense related to job cuts.
NSH could be an excellent L/T hold as they expand into RFID!!
8k re: tax benefit...
http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0000950135%2D05%2D003398%2Etxt&FilePath...
ECH.to...+16.36% yesterday on highest volume in 4½ months!! A whole 27,500 shares traded. LOL.
Enerchem International Inc. will announce its Second Quarter 2005 results (slowest quarter of the year), on August 3, 2005.
http://investdb.theglobeandmail.com/invest/investSQL/gx.company_prof?company_id=183518
NSH...Could be a huge sleeper in RFID...Nashua, a manufacture and marketer of labels, specialty papers, and imaging products, is positioning itself as a high volume provider of 100% qualified and tested RFID media.
"We continue to pursue new opportunities in the Radio Frequency Identification (RFID) arena, and have moved closer to being ready to ship RFID products by installing the RFID inlet-insertion equipment that we committed to in the third quarter of 2004. We expect to ship RFID products in volume by the middle of 2005."
(Nashua acquired Labels Systems International last month to enable them to rapidly expand in their pharmacy & grocery lines. Read this article titled "Pharmaceuticals Industry Expected To Lead In RFID Tags"...
http://www.informationweek.com/story/showArticle.jhtml?articleID=23900545 )
NSH has been trading @ a 52wk low on VERY low volume. Six months ago they were sitting @ $11.90 a share and today they trade in the low 8's. Only 460k shares have traded hands over the last 6 months.
Shares Outstanding: 6.22M
Float: 5.80M (Institutions own approx 4.3M shares)
Book Value Per Share: $10.35
Time will tell on this one. Definitely one to put on the watch list. Earnings due out in a few weeks. We'll see what happens...
..........
NASHUA AND PRINTRONIX ANNOUNCE STRATEGIC ALLIANCE TO DELIVER HIGH RELIABILITY RFID PRINTER/MEDIA SOLUTIONS
(JULY 25, 2005)
http://www.nashua.com/news/press/pr072505/pr072505.html
NASHUA ACQUIRES LABEL SYSTEMS INTERNATIONAL; EXPANDS PRODUCT OFFERINGS IN THE PHARMACEUTICAL, RETAIL, GROCERY, AND INDUSTRIAL SECTORS
(JUNE 6, 2005)
http://www.nashua.com/news/press/pr060605/pr060605.html
NASHUA CORPORATION ANNOUNCES APPROVAL AS ALIEN TECHNOLOGY QUALIFIED LABEL CONVERTER PARTNER
(May 18, 2005)
http://www.nashua.com/news/press/pr051805/pr051805.html
NASHUA REPORTS FIRST QUARTER 2005 RESULTS
(May 16, 2005)
http://www.nashua.com/news/financial/fpr051605/fpr051605.html
NASHUA CORPORATION ANNOUNCES PLAN TO EXIT TONER AND DEVELOPER BUSINESS
(April 5, 2005)
http://www.nashua.com/news/press/pr040505/pr040505.html
CNXT...Conexant's recent earnings report clearly shows a turnaround. This is an excellent long-term keeper. Should be over $5 within a year.
Today's close = $1.96
CNXT just reported. The turnaround continues!! Now let's see if the stock price continues its march upwards.
FTK...Wouldn't be surprised to see Flotek raise their guidance sometime over the next few months. IMO, they can easily earn $1.20 - $1.40 per share this year, especially if you take into consideration the June 6th PR...
http://biz.yahoo.com/iw/050606/088166.html
Strong consecutive gains Q after Q will definitely bring in institutional buying now that they're trading on the AMEX.
We'll see what happens.
Thanks to whoever brought FTK (FLTK) to the board.
IPII, News...Add a min. of $0.45 per share to the bottom line of current quarter....
Imperial Industries, Inc. Announces Strategic Alliance with Degussa Wall Systems, Inc. And Sale of Acrocrete Manufacturing Assets
Tuesday July 26, 9:38 am ET
POMPANO BEACH, Fla., July 26 /PRNewswire-FirstCall/ -- Imperial Industries, Inc. (Nasdaq SC: IPII) (the "Company") announced today it has entered into a strategic alliance with Degussa Wall Systems, Inc. ("Degussa"). Degussa is part of Degussa Construction Chemicals, the world's largest construction chemical company with sales in excess of $1.5 billion annually. As a result of the strategic alliance with Degussa, the Company's wholly owned subsidiary, Acrocrete, Inc., has elected to exit the manufacture of acrylic stucco products and has sold certain assets, including the Acrocrete brand name, to Degussa. Under the terms of the asset purchase agreement with Degussa, the Company will receive an aggregate of $1,100,000 in cash, together with the net book value of certain accounts receivable and equipment.
The Company's wholly owned subsidiary, Just Rite Supply, Inc. ("Just- Rite") entered into a three year distribution agreement with Degussa which provides for the future sale of Acrocrete products manufactured by Degussa. The Distribution Agreement will commence on October 1, 2005.
Acrocrete's operating results have been the least profitable of the Company's subsidiaries since the first quarter of 2004 and such profits continued to decline through the first quarter of 2005. For the year ended December 31, 2004 and the three months ended March 31, 2005, Acrocrete products generated net sales of $9,874,000 and $2,443,000, respectively, of which $5,007,000 and $1,446,000 for such periods were sold through Just-Rite.
Just-Rite will continue to market Acrocrete products through its strategic alliance with Degussa. The Company expects Just-Rite will also gain many additional benefits for its customers from Degussa producing and distributing the Acrocrete brand product offerings from this arrangement, including:
* a broader product offering to reach new markets and a continuing opportunity to access new products through the research and development activities of a world-wide chemical company.
* improved marketing capabilities.
* the gaining of additional building code approvals and technology support.
* greater access to product application design and engineering assistance.
* greater access and recognition from contractors and architects.
The Company determined that it was not likely that sufficient production economies would be realized from Acrocrete's acrylic stucco manufacturing facility in the future without an inordinate amount of investment and risk to combat increasing costs due to the sharp increase in its raw materials, which are principally oil based. Further, Acrocrete has not been able to obtain product liability insurance related to the sale of its acrylic stucco products used in exterior insulation and finish systems ("EIFS") since March 15, 2004.
S. Daniel Ponce, Imperial's Chairman of the Board, stated: "We are excited about the strategic alliance we have established with Degussa. We believe this transaction provides our Company the ability to leverage its customer service capability strengths with its Just-Rite distribution network to ultimately grow our business with quality products produced by a world-wide premier chemical products company on a more competitive basis. Just-Rite will be well positioned through its relationship with Degussa to enhance future sales and profits."
Degussa, headquartered in Jacksonville, Florida, is a leading manufacturer of EIFS, stucco, and specialty finishes and architectural coatings in North America. Degussa provides the technology and research and development activities for new products, as well as the necessary product code approvals and technical knowledge, to enhance its customers' competitive positions within their markets.
Imperial Industries, Inc., a building products company, sells products throughout the Southeastern United States with facilities in the States of Florida, Georgia, Mississippi and Alabama. The Company is engaged in the manufacturing and distribution of stucco, plaster and roofing products to building materials dealers, contractors and others through its subsidiary, Premix-Marbletite Manufacturing Co. The Company through its subsidiary, Just- Rite Supply, Inc., is engaged in the distribution of the Company's manufactured products, as well as stucco, gypsum, roofing, insulation and masonry products manufactured by other companies. See our website at http://www.imperialindustries.com for more information about the Company.
FLTK becomes marginable tomorrow, no? That should give me some good buying power!
Gonna have to go bargin hunting!
FLTK, ECH.to, CFK...
FLTK...Consecutive increases continue. EXCELLENT earnings reported this morning w/ AMEX listing tomorrow.
With continued growth, the $1.00 - $1.05 eps for the year looks conservative!
ECH.to...Slowly trying to accumulate below $2.70Cdn for L/T hold.
http://investdb.theglobeandmail.com/invest/investSQL/gx.company_prof?company_id=183518
CFK...Will add on ANY significant dips.
Am I reading this right...Commissioner Brownell called for Congress to make composite core cable mandatory? Wonder what that would do to the share price.
IMO CTC's agreement w/ EDF shows that CTC's product is superior over 3M's. BTW, Is EDF completely done w/ 3M?...
Rodolphe Poiroux, Senior Vice President at Electricite de France, said, "We are pleased to be working with CTC, which has made significant advancements in cable technology that increase capacity and reliability while reducing power generation and transmission costs. CTC's composite core utility cable and supporting technology is the necessary link to making the world's grid operations meet today's growing demand for energy."
niles_crane3, I sure hope they hold off on earnings until after they're listed. They probably will. It only makes sense.
We'll see what happens.
Announcing earnings after the AMEX listing should help move FLTK up a few notches! Very good news.
FLTK....The industry's looking strong, based on the upward revision in guidance released last week by NQL Drilling Tools Inc.
Hopefully this is a good sign of what lies ahead for Flotek (FLTK).....
NISKU, AB, July 7 /CNW/ -NQL Drilling Tools Inc. (TSX - NQL.A) announces increased expectations related to its second quarter 2005 results.
As a result of better than expected results from its downhole mud motor business in the United States, NQL announces today that it anticipates exceeding its previous guidance of a breakeven second quarter. NQL now expects its second quarter net earnings to be in the range of $0.04 per common share to $0.06 per common share. The Company anticipates an upward revision in its guidance for the full year 2005
http://biz.yahoo.com/cnw/050707/nql_upward_revision.html?.v=1