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World-Expo -
My finger got tired just viewing all of those. Imagine how tired you could get walking the whole thing.
CSGH - This looks really good -
Don't know how much money the subsidies from the government might be, but increasing capacity from 50 tons/mo. to 2000 tons. is significant. I can only assume that means 2000 tons/yr. If 2000 tons/mo. WOW! From the PR:
"Dalian Economic and Information Technology Committee (the Committee) recently announced that it has selected 15 key projects from among 11 companies within Liaoning province in order to improve and upgrade Dalian's industry and information technology, and promote stable and rapid industrial growth within the province.
One of the key projects selected is the industrialization of lithium iron phosphate (LIP) used as an anode material for Li batteries manufactured by Dalian Xinyang High-Tech Development Co., Ltd. ("DLX") a 100% owned subsidiary of China Sun Group. This project will benefit from the support of the Committee and the Dalian government through the award of subsidies which will help insure a successful and timely ramp up of LIP production.
DLX forecasts that during the period from 2009 to 2012, it will have invested a total of $17.6 million (120 million RMB) in the R&D and industrialization of LIP. DLX invested $6.6 million (45 million RMB) in 2009 and expects to invest an additional $2.5 million (17 million RMB) during 2010. By the end of 2012, DLX expects to achieve a manufacturing capacity of 2,000 tons. This requires investment in 12 production lines in addition to state of the art equipment. Currently DLX is capable of producing up to 50 tons of LIP per month used in 100Ah's automobile power batteries, which have been certified by the National Automobile New Product Quality Supervision and Test Center."
BFAR - Think Chairman of the Board is running it -
Likely he is the one firing the CFO and CEO. From the BFAR board, the Chairman has 29+% of the stock from the merger. CFO and CEO were just employees. No stock.
"As a result of the Merger, Yanhua Han, Chairman of our Board of Directors and one of the CNPH Shareholders, owns beneficially 14,875,000 shares, representing approximately 29.75%, of our outstanding shares, of common stock, and is our largest shareholder."
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=6672087
CHME - waiting, waiting, for rADTZ production approval -
Expexted in 2009. Didn't happen. When and if it occurs will have big earnings impact. They seem ready for worldwide sales. Here are their patents status for their subsidary from the 10K:
"The PRC has granted three patents to Co-Win related to rADTZ. In 2007, Co-Win applied for international patents in 12 different countries including Australia, Canada, Indonesia, Israel, Japan, South Korea, Mexico, Russia, South Africa, the U.S., Hong Kong and India and in the European Union. Co-Win plans to apply for additional patents in single member states of the European Union after receiving the approval from the European Union patent authorities. Co-Win obtained the patents for rADTZ from Australia, South Africa and South Korea in 2008 and patents for rADTZ in Russia and Mexico in 2009. The patent applications in other countries and regions are under review as of the date of this report."
CHME - I smell rADTZ production approval -
RHGP - PR
April 22, 2010 9:00 AM EDT
HARBIN, China, April 22 /PRNewswire-Asia-FirstCall/ -- Renhuang Pharmaceuticals, Inc. (Pink Sheets: RHGP) ("Renhuang" or the "Company"), a developer, manufacturer and distributor of botanical products, bio-pharmaceuticals and traditional Chinese medicines ("TCM"), today announced that the Company has significantly reduced its Days Sales Outstanding ("DSO"), resulting in improved cash flow from operations and healthier working capital.
For fiscal year 2009, Renhuang reported Days Sales Outstanding of 185 days. At the end of first quarter of 2010, through a variety of management initiatives, the Company effectively reduced its DSO to 117 days. Renhuang's management expects to further lower the DSO period to 100 days by the second quarter, an improvement of over 15% compared with the first quarter and over 46% compared with fiscal year 2009. Management anticipates continued improvement in Days Sales Outstanding in the coming quarters.
The Company's growing sales have contributed to the improvement in DSO. In the past, Renhuang extended special credit terms to its sales agents in order to promote sales. These favorable terms often included lengthy payment periods, resulting in longer Days Sales Outstanding. With the Company's improved position within the pharmaceuticals industry, it is no longer necessary for Renhuang to extend such favorable credit terms and current arrangements have significantly compressed payment periods.
"We continue to focus on strengthening our balance sheet and financial condition, more importantly our accounts receivables. The effective reduction in our DSO, reflects Renhuang's ability to manage risk and demonstrates improvement in our sales management," commented Mr. Shaoming Li, the Chairman and CEO of Renhuang. "We are confident the improvement in DSO will positively impact our operating cash flow and working capital."
On some of these presentations, they freeze up if you attempt a page change until they download completly. Watch the download in the lower right corner.
CSOL - Revenues/earnings for quarters -
Q1 6.2/-0.9
Q2 8.6/1.1
Q3 5.3/0
Q4 6.2/1.2
With the new products it seem they have broken out. Yes 0.076 in Q4. Agree next year of 0.20 is highly likely.
CSOL - partial fill -
Yesterdays volume was ~400,000 shares with no trend. Seem people didn't know what to expect. Will take some time for an analysis of this small company. I think they are now in gear and they have a forward PE of ONE. Not many of those around.
People just don't want to see gains of more than 50% in a day no matter want the analysis might be.
CSOL - OK JoTeng -
You can talk to us. We won't tell. After all, we also have some dogsh*t of our own.
Iceland and volcano -
This could go on for months. The sharp volcanic ash gets in bearings, erodes compressor and turbine blades, has caused flameouts, etc. Bad, bad. It moves west to east and spreads to cover all of Europe. I don't know of any radar that can detect exactly where the ash is located at any time. It can even be in suspension in clear air.
This may cause air traffic to be down for a long time. They might alter their flight plans to avoid the ash at low altitude until they feel they are safe before they climb. Such tricks use a lot of fuel and limit range.
The eruption of Mt. Pinatubo was a really big one time event but it reduced the average northern hemisphere by 1.2 degrees F. for a year or two. A long lasting small volcano can do the same. It will be interesting to watch.
CSOL - Using the old 10Qs -
While Q4 is not listed, it is $6.2M revenues and $1.2M earnings. All earning were in Q4. Prior was -0.9, 1.1, and 0.0. Is this progress? Seems so.
15.8M SO. If they can make $4M in 2010, forward PE = 1. Not many of those left. Wasn't Jo Teng looking for some new ideas earlier today.
While the rural area boilers and other solar devices are not the current big revenue producers, there is a big market there. Lot of rural population without any utilities.
When they fully acquire (forget the name) they have solar devices to heat irrigation pipes, kill insects, and other useful solar devices.
I believe that solar is inefficient compared to all other electrical sources, but where there is no source of electricity, what do you do? Hamsters in squirrel cages.
Ten Amigos revised -
PUDA
CCME
CSGH
KNDI
CCLWF
CKGT
BSPM
RHGP
TSTC
BFAR
Based on late filers, added BFAR to the bottom. I know they haven't filed - faith. CSGH there because they have approval of the government on their product and that the battery company with which they do business is government owned.
-- Lithium iron phosphate (LIP) anode materials made by China Sun have been used in the manufacture of LIP power batteries manufactured by Beijing Shuangsheng Technology Company (Web site below)
-- The batteries passed all 32 tests required by the Chinese government on Feb 26, 2010. This is a strong endorsement of China Sun as a key component vendor for a new energy-saving vehicle.
http://www.bjsskj.com.cn/en_ViewNews.php?id=22&cid=5
From the site:
BSS Technology Co.,Ltd., locating in Shijingshan Tech Garden of Zhongguancun Tech Garden, is a state-owned enterprise specialized in the R&D, production and sales of LiFePO4 Battery. Its manufacturing base covers an area of more than 10,000sq and office building more than 3,000sq. With several advancing production line, its annual output reaches 20millionAh.It is one of the domestic professional manufacturing bases of LiFePO4 Power Battery in China.
Also, the long awaited government electric vehicle program has not yet been announced.
Also like KNDI.
PUDA - Imagine, zero volume so far -
JADA - After all of this action -
It will be interesting to see the 10K and see what the facts might be. Did CHFI bail out with knowledge, was it a PERT ploy, manipulation by cooperating parties, etc. ?????
CSGH - 10Q 10.8M rev./2.2 earnings -
Up from 10.1/2.0 last quarter. No encouraging words in Item 2 notes. Sorry.
Chanos - Saw him last night -
Predicts a collapse due to construction boom and it being 60% of the growth. I don't see with 40% equity in private real estate purchases that there is a situation as we saw here. Of course you can overbuild commercial, find no tennants, and default on the loan. But since everyone is concerened I'm sure the government is on top of it and they take action. Recall the 'halt lending' decree in mid-Jan. Our government and Fed would take a year to respond, if ever. Dictatorships can be bad or in some cases can be good. Let's hope for good when it comes to management of the economy in China.
CSGH - true, and an on-time history -
CSGH - With the battery station concept -
Battery producers sell twice as many batteries. While this stock has a complex structure ( GALXF ) and is years from full production, this Lithium Carbonate producer is worthy of your interest. Here is my post from a few weeks ago on its potential'
"Lots of money invested in this one -
But I can't find any revenue/earning projections but here is my 'rough' cut. In the 2009 report thay say a '2.6 years payback'. As far as revenues go, @ $6000/ton for 99.5% Lithium Carbonate and 17,000 tons production in the China plant, that's $102M/yr. Given a margin of 40%, that's a lot of earnings and 2.6 years payback might be possible. 40% could be high since we have to mine it, initial processing in Australia, ship it to China, and process it again.
But in the long run $30-40M annual earnings could be good if I could figure out how many shares will be outstanding in three years."
KNDI - Article on some subsidies -
http://www.streetinsider.com/Press+Releases/Kandi+Technologies+Anticipates+Government+Funded+Subsidies+Will+Jump-Start+Domestic+Consumer+COCO+Sales+Under+New+Business+Model/5523601.html
This is a small step. The overall China 'plan' for electric vehicles is due soon. I expect the first big step for KNDI will be the contract for China Postal. They have provided prototypes:
SGZH - think earnings will perform -
but would feel a lot better if they had, or wanted to have, an IR firm. Hope the earnings speak for themselves.
Looks like no one wants to file late, early -
If you know what I mean. Been waiting for some after hours action but not today.
TEN AMIGOS -
Based on 12 months from now. Doesn't include the recent ones that have run their course or are hot today and unsure what 12 months will bring (like YHGG).
Not in order:
PUDA
CCME
CSGH
KNDI
CCLWF
CKGT
BSPM
RHGP
TSTC
And number ten is one of these three but lacking the latest filing:
SGZH
JADA
BFAR
To sell before, or not to sell -
That is the question?
But your correct, for CCME and TSTC, 31 Mar. was a bummer.
~15 Apr. should be a busy day -
Late filers - All of these due by 15 Apr.
SGZH CKGT CGDI BFAR
And then the regular 15 Apr. 10Q filers:
CSGH SOKF CHBU CHGY
Unless they also file an NT.
CSGH & CCLTE - CCG now is IR for CSGH -
No PR to announce it but there it was when I looked. Also, CCLTE IR was announced for CCG as IR, but they are not yet on their site.
CGDI - Noticed it lately, up 10%
CCLTF - China Ceramics Co., Ltd. Retains CCG Investor Relations
JINJIANG, China, Feb. 12 /PRNewswire-Asia-FirstCall/ --
While this was announced on Feb. 12, still not listed as a client on the CCG site. Yes, i know it takes time. But after CCG starts their work maybe at least ONE share per day will trade and the spread will reduce below 10%.
Personally, I'm in the warrants.
CCLTF - Impressive volume again -
Come on guys -
Where ae you experts in DD on the 'real' future of this company. Mine is that it is questioable based on current investment and unknown future earnings. If anyone has a mathematical calculation, present it.
Replying to myself - Do it often -
I don't like putting 25 - 30% of my money in CCME and just waiting until the next 10K (with active review of their status of course), but it is likely the smart thing to do.
Everyone in China stocks can't forget last year -
We are now in a new enviornment. Forget about doubles in three months. Even 90% y over y doesen't impress them. Instant gratification is over. It's active daytrading or a more long term approach.
CCME - Now the numbers are on paper -
Institutions can read and analyze and return to the CC and the recent investor relations presentations. And what will they see? A likely 100% gain in a year. Of course because it's a China stock and there are lots of other stocks that can give them 100% gains, they will ignore CCME. NOT !
Lots of money invested in this one -
But I can't find any revenue/earning projections. In the 2009 report thay say a '2.6 years payback'. As far as revenues go, @ $6000/ton for 99.5% Lithium Carbonate and 17,000 tons production in the China plant, that's $102M/yr. Given a margin of 40%, that's a lot of earnings and 2.6 years payback might be possible. 40% could be high since we have to mine it, initial processing in Australia, ship it to China, and process it again.
But in the long run $30-40M annual earnings could be good if I could figure out how many shares will be outstanding in three years.
CCME - no problem, see below -
This Post-Effective Amendment No. 1 amends the Registration Statement on Form S-3 (Registration No. 333-163748) (the ?Registration Statement?) of China MediaExpress Holdings, Inc. a Delaware corporation (?CME?) relating to the registration of shares of Common Stock, par value $0.001 per share to be resold from time to time by the selling securityholders named in the Registration Statement. The Registration Statement was originally filed on December 19, 2009. In accordance with an undertaking made by CME in the Registration Statement to remove from registration, by means of a post-effective amendment, any securities registered pursuant to the Registration Statement which remain unsold at the termination of the offering, CME hereby removes from registration all securities registered under the Registration Statement which remain unsold.
The TSTC games have begun -
SGZH - a 't' trade at 10.89 (532 sh.)
CCME - yes, based on 15 days from the NT -
But the SEC doesn't fine you for a few days.
SGZH - Who knows, but looking back -
There was steady quarterly growth prior to Q3.
Q4 last year Rev. $14.2M/earnings $5.8M
Q1 20.8/9.8
Q2 24.2/11.4
Q3 9.3/2.8 and the reason/excuse was due to a power plant customer that was shut down for maintainence.
So if they go back to Q2 for all of next year with no growth, $45M earnings makes a forward PE of 3.3. Really, a coal company in China deserves better.