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midas..
it does look promising but what that note regarding EMITf partnering with GE Medical?
im confuse...
you're right. are you gonna be a long term holder of EMITF or you just gonna make some profit and run?
for me..im gonna hold at least 5 years...
well done!...the last hour today should be fun to watch!..hope we can close around .23 or .24..we'll see...
finally owning emitf is fun again!!! LOL
LOL..i wish my friend...one bay step at a time.. we must reach $1 in order to get $30 right?
im just saying the pps should move more today..im just thinking out loud
you have the charts?
today action is great BUT the pps has not move like we wanted to we should be in the .30's by now..whats your take on this?
true! so i guess hedge funds and big insitutions NOT gonna touch the stock until it hit's #2 or more..then it will fun to watch..we just have to wait and see.. GOOD LUCK 2 U!
who do you think is doing the buying? insiders? insitutions? who do u think?
8k shares? that's all? why not more? this thing gonna fly real soon...
hey guys..
what do you think of today's action ? great news to come soon ? a lot of insider buying?
EMITF IS ON WALL SREET RADAR!!
<<
does anyone what this mean tho? is it good news or bad news?
NEW PRESS RELEASE!!!
Elbit Imaging Announces the Results of the Meeting of the Holders of the Company's Notes (Series I) Approving Postponement of...
PrintAlert
Elbit Medical (NASDAQ:EMITF)
Intraday Stock Chart
Today : Tuesday 22 April 2014
TEL AVIV, Israel, April 22, 2014 /PRNewswire/ --
Elbit Imaging Ltd. (the "Company") (TASE, NASDAQ: EMITF) announced today, further to the Company's announcement on February 10, 2014, the results of the meeting of the Holders of the Company's Notes (Series I) (the "Meeting") that voted on the postponement of the last date for creating and registering of the collaterals securing the notes in accordance with the terms of the plan of arrangement between the Company and its unsecured financial creditors (the "Arrangement"), until July 31, 2014.
At the Meeting, noteholders holding approximately 99.99% of the aggregate voting power participating in the Meeting voted in favor of the Resolution.
.25 up in pre-market? huh???
so are we due for a "pop" soon?
let's keep it going guys!!
we need potential buyers out there..this stock is way undervalue like anoso1 said..we should be in mid .50 right now after the news yesterday IMHO.
when this stock move its gonna fly..
not that im complaining but why do emitf always say nothing is definite or nothing is signed? can they just say we have sign the deal?
EMITF new webpage..comments welcome..
http://www.plazacenters.com/index.php?p=group_structure
a good article..BYD
http://www.huffingtonpost.com/2014/04/01/byd-china-electric-car_n_4964233.html
why u say that?
oh well..at least its holding up nicely @ .23..im just glad we're not down...i can wait..
we're up to .25 premarket
dont know what to make of it..we'll see
we're up to .25 premarket
dont know what to make of it..we'll see
do you think the stock will go up or down with this news? IMHO..i think the pps is already priced with this PR
lets hope we get some news and end the week with green!!
can someone explain this?
BYD Said to Revive Plans to Sell as Much as 20% of HK Shares By Bloomberg News Mar 27, 2014 4:24 AM ET0 Comments Email Print Share
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Save BYD Co., the Chinese automaker partially owned by Warren Buffett’s Berkshire Hathaway Inc., has revived plans to sell new stock equivalent to as much as 20 percent of its Hong Kong-listed shares, people familiar with the matter said. The stock fell.
The company submitted an application with the China Securities Regulatory Commission, the people said, asking not to be identified because the proposal hasn’t been made public. BYD fell 4.9 percent to HK$45.65 at the close of trading in Hong Kong, the biggest decline in a week. Based on today’s close, the sale of as many as 158.6 million new shares would rake in HK$7.24 billion ($933 million).
The funds would give Shenzhen-based BYD room to step up investments and bolster production of electric cars and buses. Selling shares would also help alleviate the strain on a balance sheet that’s seen net debt surge to a record.
Pranab Kumar Sarmah, an analyst at AM Capital Ltd., wrote in a report this month that BYD will probably need to raise money from the capital markets because of the company’s deteriorating financial health and rising spending needs.
Cary Wei, a Shenzhen-based BYD public relations manager, said he wasn’t aware of any share-sale plan that was submitted to the stock regulator.
Photographer: Tomohiro Ohsumi/Bloomberg
Visitors past vehicles displayed at the BYD Co. booth at the Wuhan Motor Show in Wuhan, China.
Visitors past vehicles displayed at the BYD Co. booth at the Wuhan Motor Show in Wuhan, China. Close
CloseOpen Photographer: Tomohiro Ohsumi/Bloomberg Visitors past vehicles displayed at the BYD Co. booth at the Wuhan Motor Show in Wuhan, China.
Profit Forecast
The sale would come as BYD braces for profit to tumble as much as 96 percent to 500 million yuan this quarter because of declining demand for its gasoline-fueled vehicles. Last year, profit jumped almost sevenfold after its billionaire founder and chairman, Wang Chuanfu, completed a three-year reorganization during which he cut the number of dealerships and narrowed losses at the solar business thanks to state incentives.
The company has reason to raise funds via shares over bonds or loans. The company’s net debt, or interest-bearing borrowings minus cash and equivalents, climbed 34 percent to a record 20.3 billion yuan ($3.3 billion) at the end of last year. Dividing that by equity, which is how BYD calculates its key gearing ratio for monitoring capital, the proportion of net debt bloated to 94 percent from 71 percent a year earlier.
The offering would also be a revival of a plan that was shelved about a year ago, one of the people said. The company suspended plans to sell the stock in 2013 after Bloomberg News reported on the share-sale plans, according to the person. At the time, BYD said that it wasn’t “currently” planning to issue new shares.
Photographer: Forbes Conrad/Bloomberg
A BYD employee drives in Shenzhen, China.
A BYD employee drives in Shenzhen, China. Close
CloseOpen Photographer: Forbes Conrad/Bloomberg A BYD employee drives in Shenzhen, China.
Stock Gain
Waiting may have helped the stock. BYD surged 63 percent in Hong Kong trading last year and is up 20 percent in 2014, making it the best performer on the Hang Seng China Enterprises Index. On March 17, it climbed to a 3½-year high of HK$55.35.
While that’s short of the record HK$85.50 the stock reached in October 2009, it’s still profitable for MidAmerican Energy Holdings Co., the unit of Buffett’s Berkshire Hathaway that bought 225 million Hong Kong-listed shares of BYD for HK$8 each about five years ago. The Berkshire unit is BYD’s biggest strategic partner by owning 28 percent of the Hong Kong-listed stock.
To contact Bloomberg News staff for this story: Tian Ying in Beijing at ytian@bloomberg.net; Steven Yang in Beijing at
more great news from BYD!!!
Don Dion
Long/short equity, special situations, momentum, event-driven
Profile| Send Message| Follow (6,199)
Clear Skies Ahead For Warren Buffett-Backed BYD Co.
Mar. 26, 2014 3:43 PM ET | About: BYDDY, Includes: BRK.A, BRK.B
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. (More...)
Summary
In 2008, Buffett's Berkshire Hathaway took a 10% stake in the Chinese automaker BYD.
BYD profits are now up significantly; in addition, the company just won regulatory approval to begin selling all-electric vehicles in Shanghai and Beijing.
Future looks very solid for BYD (and Berkshire Hathaway) as BYD could compete with Tesla for growing demand for electric cars in polluted Chinese and other Asian mega-cities.
Profits are up at Chinese automaker BYD Co. (OTC: OTCPK:BYDDY). The company reported that its 2013 net income was 553 million yuan -- about $89 million in U.S. dollars. Earnings were much higher than the previous year's result of 81 million yuan.
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(click to enlarge)
(Yahoo! Finance)
BYD said that revenues by business segment improved as follows: (1) autos up 9.6%, (2) communications components and assembly revenues up 13.7%, and (3) battery revenues up 12.4%. We think that these developments bode well for BYD's stock. Continued progress at BYD could boost Berkshire Hathaway (BRK.B) as well.
Buffett Has an Interest
In 2008, Warren Buffett's Berkshire Hathaway (BRK.A) took a 10% stake in the Chinese manufacturer. Berkshire Hathaway owns its share of BYD through MidAmerican Energy. The trend towards green energy contributed to MidAmerican's investment.
Just last month, BYD won regulatory approval to begin selling all-electric vehicles in Shanghai and Beijing. BYD grew into one of Asia's largest manufacturers by making batteries. Subsequently, the company entered automobile production. The company expects strong sales growth in second-tier markets outside the major Chinese cities.
BYD recently established a joint venture with Daimler to develop an all-electric model, named Denza, for the Chinese market. In a corporate statement, Daimler said: "BYD is providing its expertise in battery technology and e-drive systems. … Daimler is contributing its know-how in vehicle architecture, safety, and quality."
The Demand for Electric Cars
Due to rapid industrialization, China has become one of the world's largest producers of greenhouse gases. Electric vehicles will help to clean up China's smog situation. BYD claims to be the largest supplier of rechargeable batteries in the world.
U.S. electric-car maker Tesla (TSLA) is entering the Chinese market. Tesla is marketing its all-electric Model S sedan, starting in Beijing and then expanding to other Chinese cities. The Model S is currently on display in Beijing, and the automaker is taking orders for delivery later this year. Meanwhile, BYD has plans to enter the U.S. market.
BYD intends to start marketing as many as four car models to U.S. consumers by the end of 2015. BYD is a private company, not owned or controlled by the Chinese government. Since 2010, BYD has undergone a major corporate restructuring under billionaire Chairman Wang Chuanfu. The company says it's better prepared than it was in 2010, when earlier plans to enter the U.S. failed to materialize
more great news from BYD!!!
Don Dion
Long/short equity, special situations, momentum, event-driven
Profile| Send Message| Follow (6,199)
Clear Skies Ahead For Warren Buffett-Backed BYD Co.
Mar. 26, 2014 3:43 PM ET | About: BYDDY, Includes: BRK.A, BRK.B
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. (More...)
Summary
In 2008, Buffett's Berkshire Hathaway took a 10% stake in the Chinese automaker BYD.
BYD profits are now up significantly; in addition, the company just won regulatory approval to begin selling all-electric vehicles in Shanghai and Beijing.
Future looks very solid for BYD (and Berkshire Hathaway) as BYD could compete with Tesla for growing demand for electric cars in polluted Chinese and other Asian mega-cities.
Profits are up at Chinese automaker BYD Co. (OTC: OTCPK:BYDDY). The company reported that its 2013 net income was 553 million yuan -- about $89 million in U.S. dollars. Earnings were much higher than the previous year's result of 81 million yuan.
335 people received this article by email alert
Add your email to get alerts on BYDDY too:
Get email alerts on BYDDY »
(click to enlarge)
(Yahoo! Finance)
BYD said that revenues by business segment improved as follows: (1) autos up 9.6%, (2) communications components and assembly revenues up 13.7%, and (3) battery revenues up 12.4%. We think that these developments bode well for BYD's stock. Continued progress at BYD could boost Berkshire Hathaway (BRK.B) as well.
Buffett Has an Interest
In 2008, Warren Buffett's Berkshire Hathaway (BRK.A) took a 10% stake in the Chinese manufacturer. Berkshire Hathaway owns its share of BYD through MidAmerican Energy. The trend towards green energy contributed to MidAmerican's investment.
Just last month, BYD won regulatory approval to begin selling all-electric vehicles in Shanghai and Beijing. BYD grew into one of Asia's largest manufacturers by making batteries. Subsequently, the company entered automobile production. The company expects strong sales growth in second-tier markets outside the major Chinese cities.
BYD recently established a joint venture with Daimler to develop an all-electric model, named Denza, for the Chinese market. In a corporate statement, Daimler said: "BYD is providing its expertise in battery technology and e-drive systems. … Daimler is contributing its know-how in vehicle architecture, safety, and quality."
The Demand for Electric Cars
Due to rapid industrialization, China has become one of the world's largest producers of greenhouse gases. Electric vehicles will help to clean up China's smog situation. BYD claims to be the largest supplier of rechargeable batteries in the world.
U.S. electric-car maker Tesla (TSLA) is entering the Chinese market. Tesla is marketing its all-electric Model S sedan, starting in Beijing and then expanding to other Chinese cities. The Model S is currently on display in Beijing, and the automaker is taking orders for delivery later this year. Meanwhile, BYD has plans to enter the U.S. market.
BYD intends to start marketing as many as four car models to U.S. consumers by the end of 2015. BYD is a private company, not owned or controlled by the Chinese government. Since 2010, BYD has undergone a major corporate restructuring under billionaire Chairman Wang Chuanfu. The company says it's better prepared than it was in 2010, when earlier plans to enter the U.S. failed to materialize
dont bet on it..im not convinced yet..its drifting lower and lower everyday...what does your chart show u? upward trend?
any news yet?????
let's hope for a goos day...
edou..what type of chart is that? is it good for EMITF?..please explain...Thanks
yea but when? ..no news this will drift lower and lower iMHO
pre-market action? anyone?
we need some news....does anyone know when earnings come out?
more good news from BYD..sted Mar 24th 2014 10:00AM
Comments10
BYD continues to have good news to share about its electric buses. From huge orders (1,200 units!) in China to 30-hour run times in New York City, things seem to be working well for the maker of the EV people mover. The latest batch of good news comes from Copenhagen, Denmark, where BYD says an ebus has managed to drive over 200 miles on a single charge.
The official number was 325 kilometers (202 miles), and the bus managed it with eight percent of the charge in the battery pack remaining. The bus was in real-world use by City-Trafik and went on a 133.6-mile highway route after running the Route 12 path (68.4 miles) where it carried an average of 40 passengers. This beats the previous record of 310 km (192 miles) and is well beyond the official stated range of 155 miles.
As impressive as all this is - and we love the idea of electric city buses
warren buffett on BYD still bullish
Buffett's BYD Co. Investment Update
March 24, 2014 | About: HKSE:01211 +0% BRK.A +0% BRK.B +0%
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Holly LaFon
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Back in 2008, Warren Buffett (Trades, Portfolio), at the behest of his long-time friend and partner Charlie Munger (Trades, Portfolio), acquired a 9.9% stake in China’s battery and electric car company BYD Co. Ltd. (HKSE:01211). The stock abruptly soared but, unlike most of his investments, promptly plunged back down as trouble hit the company. Five years later, BYD appears to be showing signs of progress and Buffett’s investment is beginning to multiply.
Buffett first addressed his BYD holding in his 2008 shareholder letter, casually mentioning that at his annual shareholder meeting, “The future will be represented by a new plug-in electric car developed by BYD, an amazing Chinese company in which we have a 10% interest.” The following year, his shareholder letter reported he owned 225 million shares of the company, purchased for $232 million and already worth $1.986 billion – a 756% gain.
The good times gradually halted for the stock, however. It fell so far that by 2011, it did not even appear on Buffett’s list of holdings valued over $1 billion. Despite the precipitous drop off, Buffett chose a perfect entry point for BYD, as the share price has never gone below his purchase price before or since. The company’s IPO price was HK$10.95.
“What BYD has already done is ridiculously difficult to do, and they’ve done it anyway,” Charlie Munger (Trades, Portfolio) said in an interview in 2009. “It’s a very remarkable company and Warren could see that from the numbers.”
Part of the drop off in 2011 was caused by plummeting earnings results from the company. BYD’s earnings in the fourth quarter of 2011 fell 94% from the previous year, due to intense competition and China’s repeal of government incentives for auto sales. For the full year, sales increased by about 10% to more than 500,000.
The next year, 2012, did not fare well either. Operating revenue fell 4.29%, and basic earnings per share collapsed by 95%. The company explained the results in its 2012 preliminary results announcement:
“The pace of growth in demand in the automobile market in the PRC continued to slowdown in 2012 having hampered by the uncertainties of its macro-economic conditions. Despite the substantial quarter-on-quarter growth in the fourth quarter income of the Company’s automobile business, driven by the rapid increase in the sales volume of new models, the growth for the year was relatively steady as compared with last year. The year-on-year operating results of the handset components and assembly services of the Company slightly deteriorated in 2012 attributable to the decrease in the marketshare of the major customer.”
But results released last week for full-year 2013 indicated important turnarounds at the company. BYD posted 14.38% year-over-year automobiles sales growth, to approximately 470 million cars sold. Profit for the year also jumped to RMB0.23 from RMB0.03 the previous year, and revenue increased by 12.1%.
The company said that its car sales increased as China’s economic growth stabilized at 7.7%, the same as the previous year, and increasing competitiveness of their products.
For the first quarter of 2014, however, BYD forecast a decline in earnings due to weaker demand for some of its vehicles.
The company set forth its goals for the full year in its earnings announcement:
“The Group believes that, 2014 will be an important year for the development of new energy vehicles, during which the development of automobile industry will evolve with a new generation of technological transformation and technological innovation will become the key driving force for the development of industry. The Group will seize this historic opportunity to achieve breakthroughs and innovation in the new energy vehicle business. The Group will strive to become the leader in the global new energy vehicle industry by capitalizing on its leading technological edges, strong vertical integration capability, synergy from various industries and first-mover advantage in commercialization to further consolidate and strengthen the core competitive advantages of new energy vehicles.”
BYD also plans to launch a new high-end SUV model s7 and new A+class automobile model in 2014, continue to work with its home city of Shenzhen to electrify its public transportation system, and duplicate that system for other countries around the world.
Another future bright spot of growth is the company’s newly released second-generation, Dual-Mode, Plug-in Hybrid Electric sedan, the QIN, which launched in December. The model has already been selling at such record numbers that the company has had difficulty meeting demand. It sold 6,000 cars in the first six weeks of 2014, comprising half of China’s entire new-energy vehicle market. In February, it had a second record month of sales, becoming China’s best-selling electric vehicle.
New government incentives could help boost sales for the vehicle. “Analysts are not expecting sales to slow down any time soon as both Shanghai and Beijing announced earlier this month that they will now permit BYD new energy vehicles to qualify for local municipality green-vehicle incentives and be licensed in those regions. These signals along with the Chinese government’s new fund committed for clean-air and fuel-efficient technologies in the form of consumer and government purchasing incentives are launching a new era in the China domestic automobile industry,” the company said in a statement released March 21.
Buffett, true to form as a long-term investor, has held onto his shares through the stock’s plunge and now subsequent rebound. As of 2013, Berkshire Hathaway (BRK.A)(BRK.B) continues to hold 225 million shares, though the holding shrank to 9.56% of the company. The price in the past year has jumped more than 91%, and 25.4% year to date. This gives Buffett a 496% gain on the holding based on its Monday share price of HK$47.65.
Buffett also received his first dividend from the company. In light of its more robust profits, BYD declared its first dividend of RMB0.05 per share for the year ended Dec. 31, 2013.
See Warren Buffett (Trades, Portfolio)'s portfolio here. No
another doldrum day..not much going on althought the volume is good but no movement in price...
wer're up .28 on the premarket..looking good so far...
thanks btw