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And its going to stay thin IMO until the tax selling season is over. More insane bargain prices, like .10, could show up again at any moment so be ready with your powder and load up.
I read the last 10Q but not well enough it seems because I missed that paragraph which detailed the loans that XNYH has out to other companies. Loans out are 3x the entire market cap! Insane!
I agree with you Harley that a stronger Q EPS wise will kick start this in the ass, but even at .12 this is still trading under 2x current P/E - correct? Strong accumulate to me at this point in time.
malc.
Primary, wind and Tarka:
You guys seem like the 3 other like minded serious about IRE investors here out of the who knows how many Ihubbers actually invested and digging into this situation. I've enjoyed reading your inputs and that said, I think we have a very big day ahead of us here tommorrow.
If the lower house does not ratify the EU bailout package we are in for some serious short term turmoil. If they do, and I expect this outcome because they really have no other choice despite the political outcries that come with swallowing the "dirty pill" - then I expect to see some modest gains, perhaps back to the 3 dollar level for now.
The real rub here, as far as I see it, is that the market in general still does not see the fundamental difference between IRE and the rest of the Irish zombie banks. I was vested in AIB nine months ago when it seemed like they, and IRE as well, might be getting their house in order but got out quick when it was becoming obvious that this was not the case. Sat on the sidelines and closely followed the situation until a few weeks ago when I decided to go long IRE. AIB is garbage now IMO.
Things will change when the general retail investor market figures out where their money should be when playing this out. IRE is still part of the general sector when it comes to market confidence. I hope that as the next few weeks pan out people will more and more come to realize that their investments should be in IRE and I also predict that AIB and the others will spin wheels from here. Of course I might be wrong in the short short term, but eventually people will realize the bottom line numbers and that IRE is the most solvent of the bunch, and also likely to remain private if they can raise enough of the 2.2B by the end of February which I think they will.
The almost 100% increase in institutional holdings over the last couple of months lead me to be believe that big money is looking favorably in their direction, and for the other guys, likely not. I don't think I'm alone in making this bet.
malc.
Sorry to be getting back to you so late on that one, but yes, that is just speculation that the deposits will be moved to IRE, but nothing concrete at this point in time.
The pragmatic in me wants to think that IRE would be the receipient being as they are the strongest of the bunch of zombies at the moment.
The matter seems to be of little consequence either way to me at this juncture - more interesting will be to see if the Irish ratify the bailout proposal on Wednesday and of much greater importance, seeing how much of the 2.2B in Tier 1 capital they can raise from outside sources by February. I'm wishfully hopeful that IRE can avoid having to allow the govt to take over a 50% stake, totally remains to be seen. Its hard for me to believe how much investor confidence ( or is it just gambling money ) remains in AIB when they are 99% govt owned at this point.
Will be interesting to see what happens here come Wednesday, thats a given...
malc.
Took a starter position in HEAT today, I had been eyeing it all year and decided it was time to pull the trigger.
I am hoping we will see a big time "january effect" in all of our chinese holdings that have been beating down unfairly over the course of 2010.
malc.
Did my DD over here this weekend, liked what I saw, in today on the dip at 5.60
Should be a nice 2011.
malc
Uh, no, or I'd probably be posting and lurking there... lol
If they were to hire you guys that would be a green light for me to load up, just as it would signal a willingness to be more communicative with shareholders.
That is the major issue I think they have as far as the market is concerned.
malc.
You still talk w JB after that S3 debacle Glen? Im surprised.
I would like to add to my position here but being as the market is driven by market sentiment I am holding for now.
I think many people are afraid of the company being illegitmate for whatever reason.
The bottom line numbers are impressive, the facilities look awesome, and this chinese guy who works for me says he'd love to get ahold of some of those products they offer on the website.
Perhaps things look too good for ENHD to be trading around 2 bucks and this is making people leery, I dunno...
This is a very confusing situation when you analyse all the info available from over here in the US and the PPS...
It would be really nice if they would hire you and Gary for some badly needed english speaking IR Glen. Hopefully thats what JB meant by talking to him while he is over there on vacation, uhh, i mean business, again.
malc
Kitchen and wind - I concur with your points in general.
I have heard the rumor of the AIB deposits moving to IRE but I have not been able to verify that from any source. Any links anyone?
Of all the banks in Ireland, IRE was the best on paper before and after the new bailout proposals. AIB is required to raise 8B in Tier 1 capital by February yet IRE only needs to raise 2.2B
It is entirely possible that IRE will be able to raise enough funds from other sources to avoid giving the Gov't over a 50% stake. Still holding at 37% I believe.
I'm in at 1.61 and 1.68 from a few weeks ago and I also plan on holding with blue knuckles - The shares are in my IRA and they might just stay there awhile, or like wind said I think, until there is a compelling reason to sell them.
Havent seen that compelling reason yet, and alot of upside potential but not for the faint of heart.
malc.
Xm, I dont think there is any risk whatsoever anymore, and never really was IMO. Thats why I didnt hesitate to buy a bunch of .21's - sold them at .335 and pocketed the difference in free shares.
Ihub erroneously has sancon still listed as SRRYQ. The Q has been removed since mid last week, which leads me to believe the company just paid the little 149K to resolve the issue and move on.
I doubt we will hear anything further - if I was the least bit worried I would have contacted MGMT about it but others on the CGS board did and they contend that they didnt even know about this old debt of the company they bought back in 06' - who knows? - but more like water under the bridge now IMO.
.30 is still undervalued and a great entry also. Good luck.
malc
Here you go xm, from risicare on the CGS board. I believe the matter has been fully resolved though at this point, and all this is now water under the bridge. I took advantage of the situation and added a bunch of free shares to my core position.
Thank you Dragon whoever you are... Scared shares are good with me!
malc
10-54572-gwz SANCON RESOURCES RECOVERY, INC.
Case type: bk Chapter: 7 Vol: i Judge: GREGG W ZIVE
Date filed: 11/19/2010 Date of last filing: 12/02/2010
Office: Reno Filed: 11/19/2010
County: Carson Terminated:
Fee: Paid Debtor discharged:
Origin: 0 Reopened:
Previous term: Converted:
Debtor dismissed:
Joint: n Confirmation hearing:
Nature of debt: business
Pending status: Awaiting Involuntary Answer
Flags: BAPCPA
Trustee: U.S. TRUSTEE - RN - 7 City: RENO Phone: Email: USTPRegion17.RE.ECF@usdoj.gov
Party 1: SANCON RESOURCES RECOVERY, INC. (Alleged Debtor)
Location of case files:
Volume: CS1
The case file may be available.
----
Doc.
No. Dates Description
1
Filed & Entered: 11/19/2010
Docket Text Involuntary Petition (Chapter 7)
2
Filed & Entered: 11/19/2010
Docket Text Auto-docket of credit card
3
Filed & Entered: 11/19/2010
Docket Text Request to Issue Summons
4
Filed & Entered: 11/23/2010
Docket Text Involuntary Summons Issued
5
Filed & Entered: 11/24/2010
Docket Text Certificate of Service
6
Filed & Entered: 12/02/2010
Docket Text Statement of Corporate Ownership
In regards to your last two posts mixer, all I can say is that I'm happy you will be joining us at the SH meeting Jan 12 2011 so that you can bring these, and other issues you have, up directly and in person to EP and Fred.
I'm sure they will be happy to address your concerns. Or, you can keep posting the same drivvel over and over and over again before such time when all these and other Q's will be addressed if it makes you feel important.
malc
China R/M stocks have taken an unfair beating with the exception of some standouts like NEWN that can shrug off the negative exposure by such solid growth and bottom line numbers.
I suspect that the number and range of attacks we have seen regarding chinese R/M's, mostly implying risks of fraud and inflated numbers, uncollected accounts recievables and such that we saw over the course of this last year was a cleverly concieved ploy to cast a wide net of doubt over the whole sector - and then short the hell out of it.
A nice easy way to turn a quick profit by wall street and affiliates IMO. Yes, thats my personal conspiracy theory but I bet I'm not the only average retail investor with feet in the US and one ear down to China who has thought that.
I'm of the opinion that the market will become aware of this fallacy and in time, correct to some more appropriate valuations. That and I'm thinking I better get some powder ready because we may see a bunch of crazy value buys come available as we progress in retail tax selling season...
malc
Harley, can we get my GU up on the index? I consider it to be a speculative play in the sense that they need to get those other 4 plants running again but with oil prices rising it becomes more profitable to crank up the biodiesel. They are still debt free, just bought back 5M of their own shares, and they are eagerly awaiting, hopefully awaiting, for the chinese govt to give them tax incentives much like biodiesel is subsidized in the US. As friendly as the latest 5 yr plan is to the renewable energy sector in china, I give that a high probability of coming to pass. Theres the real gamble, and the hinderance to profitability at the current moment, that and the cheep gas (relative) as of late.
Tax breaks and high oil will bring this roaring back. At the last peak oil they traded around 12 bucks, and that was before the reverse split, 1 for 5. While that perfect storm is not likely to repeat in terms of PPS, if these elements come together, like gas at 4.50US/gal, and all 6 plants producing - if we get half the love market wise as the last peak oil times we could have a 10 bagger here.
They also diversified a bit lately and bought a copper recycling facility, I like it!
malc
Ok thanks.
Which way was he venting (pun intended) today?
Can you provide a link perhaps? Thanks. What are your thoughts on MY realfast?
malc.
MY. An article from Seeking Alpha that I pretty much agree with 100%.
http://seekingalpha.com/article/237113-top-3-reasons-to-buy-china-ming-yang-wind-power?source=qp_investment_views
MY. this is not exactly new news, but the official announcement was this week and here's the PR with the details:
http://finance.yahoo.com/news/China-Ming-Yang-Wins-200MW-prnews-2506368331.html?x=0&.v=1
This is really big for MY because it signals that their 3MW land turbines may become as preferred as their 1 MW offshore models already are.
They are so backlogged now - I would love to have their problem with my company for the next couple of years.
Many more wind farms will be going up in china over the next 5 years, under their recent 5 year plan there is beaucoups of money slated for renewable energy, and MY will win as many as they can handle IMO. They seem to have the preferred products, with very good tech support.
Looking at numbers - Last Q was .025 EPS, and by the company's projections for 2011 I have a target base of 1.40 EPS. So applying a forward P/E from todays close that would be 7.2
Could be higher, depends on if they can increase production or increase margins on existing capacity as they get better at tweaking this relatively new industry.
I think such a large and well capitalized company like this trading on the NYSE deserves a way higher P/E than 7. 15 minimum and could be much higher when sentiment flows back into this sector.
I'm adding as much as possible between 10 and 11 while I still can - one day could blow this right above 11 easily anyday now.
malc
All I pointed out is that for an "investor" in TDGI, you sure do a poor job of DD if you are too lazy to find out the info about the SH meeting from other sources which are readily available to anyone.
Sure seems like you were relying upon this board for that info.
And why do you need to see a PR about the shareholder meeting? Really, what difference does that make?
Something doesnt add up. Seeya at the meeting.
malc.
Maybe there is no PR about the SH meeting because it is intended for actual shareholders, not the general public, and actual shareholders, yourself excluded, seemed to have no problem finding the information that was released on the OTC website.
For someone who claims to be a shareholder, you sure are lazy regarding DD on your own investment, lol.
Hope to see you at the SH meeting, maybe you will learn something constructive. And you would also have the chance to impress us with your wisdom in person.
malc.
This is some great news for the future of CSGJ. Cant believe the market didnt react positively to this news but ppl still seem to be skittish of china at the moment.
People like Chanos the China Bear running his mouth dont help the situation any.
I'm not scared at all, and when I have some dry powder I will add if this is still this stoopid cheep.
SRRYQ is back to SRRY. Flipped out of the extra shares I bought a few days ago @ .21 - sold them for .335 and bought a starter position in Ming Yang, MY, @ 10.11 Added a bunch of free SRRY to my core position from that nice little manuever. SRRY was never in the least bit close to being BK, and I believe they settled the dispute with an old creditor of the company they bought and then took public. SRRY was not even aware of this debt being owed by the company they bought, they contend. The quickness with which they resolved the situation showed me alot about their regard for shareholders. And they actually communicate with us, I love it when they send old fashioned mail updating us shareholders.
MY is another one that is way way undervalued at this level and I will keep adding as much as possible to this position between 10 and 11. It is a forward P/E between 6-7 and NYSE listed. Sexy sexy sector too, and every single unit they can produce is already sold for 2011 and half of 2012. They are the biggest offshore wind turbine producer in China and are winning gov't contracts left and right. Let's please add this to the index now! When the market gets its head out of its ass this will trade between 15 and 25 forward P/E.
Note on LWLL. I sold out my position @ .12 quite awhile ago. Dont dislike the company, but I just have been watching it spin wheels forever it seems and felt like my money had better chances in other places. Simple as that.
malc.
Why would you want to see any of us devoted shareholders? Do you think you could do a better job of persuading us in person?
Give it a rest. The day is ours.
malc
Loaded up a bunch more @ .21 today. In the next 5 mins it was at .25 so I felt quite lucky.
I have been a shareholder here over a year now, and my first buys were at .22 - The future here looks so much brighter now than it did then and whoever tried to file involuntary bankruptcy on them for 149K did us all a favor by handing us super cheep shares.
Hopefully they will get this issue resolved soon and get rid of that dreaded Q... Then we move back up to where we should be if not higher. Glad to know MGMT is on the issue.
malc
Glad to see you still have a job. Not for long though. GL with your next destructive adventure...
Off to play the blues gig in little rock tonite. If any of you longs are in the area between now and then give me a holler!
malc.
Uh huh. So you are a shareholder now? Please clarify.
malc.
SRRY - the otcbb has been thru alot of changes lately and has experienced many glitches and made mistakes. I'm assuming this is another one. Email them and they will probably correct it, or else confirm it.
Good luck with that youngblood. Consider this a lesson learned in advance.
You funny man. Are you a shareholder or what? Do you really care if there is a SH meeting or not?
Almost crazy to see all that selling for ridiculous cheep going on today even with the announcement of the official opening of the new plant. Well, that wasn't anything new at all really... and I rather suspect it was some tax loss selling in full effect now that we are officially in that season..
Happy hunting people, keep plenty of ammo (cash money) available for all the other bargains that are likely to be showing up all over the place.
Added some more at .51 today myself.
malc
CSGJ. Way undervalued PPS considering this major leap forward. This week has seen some insane selling gone thru, and although it is hard to predict market behaviour, esp as of late, I don't think this major milestone will go unheralded.
malc
malc stone, of conway Arkansas, will be at the SH meeting by hook or crook. Guaranteed. Just waiting on the official announcement to make final plans.
Although I fully expect that most everything we could want answered will be answered at said SH, I will gladly carry a copy of our fine boards Q's with me just in case something is missed.
Hope to see some of you other longs there as well. I will likely be staying at Spider Creek Resort doing some world class trout fishing as well. Best trout fishing is in the winter down here. Send me a PM after the announcement if anyone else is interested and maybe we can have a real pow wow.
Gaston's, as I originally suggested this spring as a fine place for us peons to stay during the SH weekend, is just too far away realistically. This place should be about 45 mins away from Fayetteville.
Now, back to the grumblings amongst ye naysayers. I'll be toasting with mine while you are crying in your beer.
malc
Hello board. Does anyone here own/follow ADXS?
Tripled down my entire position today at .15, gobble gobble those leftover turkey shares up.
Institutional holdings increased nearly 100% in the last 3 months, in the midst of the crisis. I dont think they would have bought nearly 4M shares if they thought that there was an even remote chance that their position would be wiped out by dilution following the imminent govt bailout.
Im betting on the situation going down more like it did here with bank of America.
Agreed. IRE is in much better financial condition as well, its the baby getting thrown out w the bathwater.
I'm here Harley, and ready to talk some no nonsense China stocks. I will be adding my input gladly and happy to bring new ideas to the board, the only current problem is being too poor (alas, the US construction market still suffers) to really load up like I want to now that we are in the beginning stages of a real China bull run.
Plenty of just crazy stoopid cheep stocks in the sector but the signs of the reversal are everywhere.
I hesitate to bring attention to what I am eyeing before I have my chips on the table. Not that my opinion matters much or that I am any more of a savvy investor than many others here, I just prefer to have my shares in hand before I go bragging about a particular company's potential.
Nonetheless, I'm with you on this board, and I'm really liking or already invested in most of what has already been indexed. Alot of seriously undervalued stocks there, and then those with tremendous growth potential.
Need a wingman?
malc
You just inadvertantly hit the nail on the head. Sarkozy just got the most sweeping social reform in decades passed in France, and EP will surely reform the image of his company. And just like with the French, he will have resistance and protest, but in the end, EP will prevail.
malc
Thanks Mike, good luck with all your investments.
Are HOGS then a slaughtering and resale operation or do they also make produced market products? Never dug into them much at all, but it sure has run much higher than what I thought was an already exaggerated evaluation.
That's where being listed on the NasdaqGM comes in handy.
I agree that all their filings are not worded very well and that there are many discrepencies within what is said but bottom line numbers are still great and if I missing some huge RED flag here please let us all know.
yeah, thats the rub. And thats also the deal with both OINK and HOGS, live pigs are in short supply this year. Just got thru the Q and I don't see what the big hoodoo is over a bad Q according to the CGS. I see plenty of positives in the report, and what's so terrible of a bottom line .29 EPS? Is that such a dissapointment after a Q1 and 2 of .32? The way I see that is we are on track for a solid 1.20 EPS for 2010 and thats barely above a P/E of 2 at current levels.
Revenue might be down in the current Q but so are costs resulting in a much improved bottom line YOY. What's to be hating on around here? Yes, I agree this line from the Q is not very explicative IMO but getting a point across in English is not the Chinese best asset. Hell, after a half-century they still cant get the translations right on a pack of chopsticks at any of my favorite nice chinese restaurant.
We believe that the decreases in sales revenue and sales volume in fresh pork, frozen pork and processed pork products arises from short supply of live pigs
Well maybe a little bit, I guess, but you also sold your markets products much cheaper too when costs where going up and and that might have something to do with it. Trying to increase marketshare and awareness IMO and thats a positive also.
There are just too many long term positives going on here not to mention a stoopid cheep market valuation IMO to be deterred by naysayers or that they dont have the best use of language skills. The numbers themselves and other company aspects impress me enough. Unless this is a complete financial scam it is a solid accumulate at these levels. I got in several months ago at 2.50, doubled down at 1.75, and if this goes down from here this week I will find something to pinch to add more.
I'm hoping all the ads they were putting out looking for more ppl on the lower mgmt team with better english skills indicates their desire to be more transparent and communicative with the investment community, that or hire a competent IR team. Seems to be the big stumbling block currently, that and a better stock exchange - sheesh, look at the P/E valuations that OINK and HOGS are getting...
malc