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SSK:thank you much for your hard work here!
Littlefish: Same to you!!! Thank you for your aysi - how high will it go by this time next year? :))
roguedolphin: presentation is excellent and I only managed to watch half. Will finish the rest when have time.
bigpike-thanks and wish you recover well.
Indeed, nothing in life is more important and more valuable than good health!
If the RMB of China revalues at a higher speed, the imported stuff from China will be more expensive in the States. It is hard to find things(exl. food, gasiline) not made in China these days.
echos: I like your post very much and I like different views in general. Please stay and keep posting here.
Len:"DO NOT BE MISLED!!!!"
So can we say most of the time, cnbc and most of the people on their shows are misleading people?
Len: well said! you are the best, oh no wait, you are one of the best on this board! : ))
R59/Ltus: there is an expense of ~$1.25million under "research and development" vs. $0.11million in Q2(not sure what exactly it is)that caused the increase of total opex.
3Q: Rev=16,554K, GP=6,697K,Opex=3,656K(incl.1,255R&D)
2Q: Rev=12,805K, GP=5,494K,Opex=1,933K(incl.0.109K R&D)
Balance sheet is improved in 3Q:
3Q: TA=30,220K,TL=10,038K,TSE=20,182K
2Q: TA=27,953K, TL=10,865K, TSE=17,088K
I hope the pps will go up from here as the valuation is attractive.
ltus: earned $0.05 last Q
rev. 16,554,349 vs. 9,032,007 yoy,(12,805,452 last Q),looks good.
the stock dropped from $1.6 to 0.95 in the past few weeks, but seems cheap now per today's report.
oil: 109
aysi- I also want to express my thanks to the people who shared their good dd on this one!
indeed, hope ltus follows cphi soon, looks like it re-tested the bottom today around 1.3, and it finished hod, but the volume was low.
amzn's down should also help qid tomorrow! amzn and bidu both deserve down big, at least 50%...
ftk: -3.69 to 45.27, to buy or wait?
ari/spooktacular: It must be a man-made one. Me, scared (not yet...as my qid and mzz are helping).
istockguy/ttgl: llike the news and bought the shares this morning
suot-like it also,started investing/trading in the $3-7 range.
ltus- has a lot of room to move up.
But China has been developing and growing for the past 30 years mostly at double digits rate/year, certainly this is not simply for the Olympics!
China Growth
The goal - to grow the current GDP by 200% by 2020, this was just announced at the central communist party meeting by the party secretary Hu Jintao. This means that China will keep its growth at 10% annually till 2020.
Now I have the idea where the Chinese stocks and currency should be headed.
mark faber on cnbc interview this morning
he said the Chinese stock market could still go up a lot from here before a correction, appl,rimm amzn all overvalued at the present, gold is little overbought now but will keep going up due to the weak dollar policy...
yhgg-what is the float(didn't find from the filing)? thanks.
nerf/suot - I am still holding 1/3, noticed it goes down shallowly on light volume, and moves up fast on heavier volume. It needs to break $7.2.
steeledge/yhgg-thank you, I bought a few@1.8 after your message.
hweb2: China mania
Maybe Nasdaq low floaters will start catching fire again (they usually do at a market top). Anyone have any favorites here? CSPI, OBCI, CTIB, UFPT, and PZZI all seem somewhat undervalued based on good earnings numbers last quarter.
I have ctib, earned 0.17 last Q, only 2.5mil shares.
China rocks!- plus:
suot +0.22 (3.4%) ->6.72
ltus +0.03 (2.4%) ->1.29
snen +0.07 (1.8%) - 3.92
noec +0.8 (10.6%)->8.33
etlt +0.04 (5.6%)->0.77
valuemind:utvg - great, but I sold too early..
SNEN: Announces Opening of First Two CNG Stations
QINGDAO, China, Oct. 9 /Xinhua-PRNewswire-FirstCall/ -- Sinoenergy Corporation (OTC Bulletin Board: SNEN - News), ("Sinoenergy"), a manufacturer of compressed natural gas (CNG) vehicle and gas station equipment and a designer, developer and operator of CNG filling stations in China, is pleased to announce today that its first two CNG filling stations are now open and have begun distributing compressed natural gas to vehicles as of September 30, 2007.
The two stations are located on Changfeng Street and on Baibuting Street of Wuhan City, Hubei Province. Each station has four filling outlets and both are open 24 hours a day, seven days a week. The company has staffed each station with 12 to 14 employees to handle daily operations.
Within the city of Wuhan there are currently 20 CNG filling stations, one central station and a large scale compressed natural gas plant, all of which are in the design and engineering phase. Sinoenergy expects to open these 20 stations over the next six months with a target of 30 CNG filling stations becoming operational by the end of 2008. That number is expected to expand to 50 operational CNG filling stations by the end of 2009.
Wuhan City is the capital of Hubei Province. As the largest city in central China, it has a population of approximately 9,100,000 people (2006), 6,300 buses and 20,000 taxis. Wuhan currently has 4,900 CNG-burning vehicles with a target of transforming 2,500 taxis and buses into CNG-burning vehicles by end of 2007. At least 20 to 30 CNG filling stations will be required to fill those 7,400 CNG-burning vehicles. At this point in time there are less than 10 operational CNG filling stations.
"We are very pleased to have reached this point and we are proud of the achievements of our dedicated team," said Mr. Bo Huang, CEO of Sinoenergy Corporation. "We are now focusing on rapidly expanding our CNG filling station network in Central and South East China. Based on our current plan, we expect to become the largest CNG filling station owner/operator in mainland China by the year 2009."
About Sinoenergy
Sinoenergy is a manufacturer of compressed natural gas (CNG) vehicle and gas station equipment as well as a designer, developer and operator of CNG stations in China. In addition to its CNG related products, Sinoenergy manufactures a wide variety of pressure containers for use in different industries, including the design and manufacture of various types of pressure containers for the petroleum and chemical industries, metallurgy and electric power plants and the food and brewery industries.
Forward-Looking Statements
The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward- looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. The safe harbor for forward-looking statements contained in the Securities Litigation Reform Act of 1995 protects companies from liability for their forward-looking statements if they comply with the requirements of the Act.
For more information, please contact:
Ms. Laby Wu, CFO
Sinoenergy Corporation
Tel: +86-10-8492-8149
Email: labywu@gmail.com
Mr. Crocker Coulson, President
CCG Elite Investor Relations Inc.
Tel: +1-646-213-1915 (New York)
Email: crocker.coulson@ccgir.com
stv +$11.79, up 42% today? trying to find a China.ob stock in the same industry..
Stan/etlt: can you please give the link of the chatter line in the yahoo board? Thanks...
sold some cphi to buy ltus @$1.2 which is in len's non-moving list, hope it will follow cphi!
suot-up again and correction seems over, earned $0.23 last Q..
ari5000/anyone subscribe to
"I was thinking of subscribing to the new digital IBD -- not sure if $29/month is worth it.
Do other people who subscribe feel like they get their money's worth?"
No, I don't subscribe and won't spend so much. But if ten people share one @$2.9/per head I would.
UVE/bbotcs: you are still luckier than me, I put an order to add 500 @7.75 but got none.
ccgy-KIK, thanks for sharing, bot 1.3's after saw your post, and sold 1.9's today!.
len: oct 2007
thanks for sharing and hope you are right, let the market drop 30%!!!!!LOL...
suot-very nice, thank you for posting when it was in the 3s!
I see pps still has room to go up if naz listing in the future. The company is hiring a lot of people (engineers, specialists,sales together about 50)which is a good sign for growth.
here is the company's website:
http://www.cshuaye.com/China/Index.asp
suot-yes, 0.23 vs. 0.12 last Q, very impressive...
Suot earnings out today - 2007 $.59 per share
Sutor Technology Group Limited Announces Revenues of $303.4 Million and Net Income of $20.5 Million for Fiscal Year 2007
Friday September 28, 8:00 am ET
DONGBANG TOWN, China, Sept. 28 /Xinhua-PRNewswire-FirstCall/ -- Sutor Technology Group Limited (the "Company" or "Sutor") (OTC Bulletin Board: SUOT - News) today announced financial results for the fiscal year, ended June 30, 2007.
Year to year comparison
For the fiscal year ended June 30, 2007, the Company reported revenue of $303.4 million, an increase of 59.2% compared to the $190.6 million reported for the same period last year. Gross profits for the fiscal year 2007 were $30.5 million, or 10.1% of sales, compared to gross profit of $15.9 million, or 8.4% of revenue, for the same period last year. Total operating expenses for the fiscal year ended June 30, 2007 were $7.1 million, or 2.3% of revenue, compared to $3.1 million, or 1.7% of revenue, for the same period last year. Net income for the fiscal year ended June 30, 2007 was $20.5 million, or $.59 per fully diluted common share outstanding (based on 34.6 million weighted average shares), an increase of 78.0% compared to net income of $11.5 million, or $.39 per common share outstanding (based on 29.4 million weighted average shares) in the same period a year ago.
Balance sheet items
The Company's cash and cash equivalents balances as of June 30, 2007 were $8.8 million, compared to cash equivalents of $6.5 million as of June 30, 2006. As of June 30, 2007, the Company had working capital of $38.8 million. Stockholders' equity increased 69.5% to $89.4 million, compared to $52.7 million as of June 30, 2006.
Sutor manufactures and sells steel finishing fabrication products through its wholly owned subsidiaries Changshu Huaye Steel Strip Co., Ltd. and Jiangsu Cold-Rolled Technology Co., Ltd. Its products are typically used in the construction, electrical household appliances, infrastructure and manufacturing industries.
Forward-looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, among others, those concerning our expected financial performance and strategic and operational plans, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. You are cautioned that any such forward-looking statements are not guarantees of future performance and that a number of risks and uncertainties could cause actual results of the Company to differ materially from those anticipated, expressed or implied in the forward-looking statements. The words "believe," "expect," "anticipate," "project," "targets," "optimistic," "intend," "aim," "will" or similar expressions are intended to identify forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Risks and uncertainties that could cause actual results to differ materially from those anticipated include risks related to new and existing products; any projections of sales, earnings, revenue, margins or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements regarding future economic conditions or performance; uncertainties related to conducting business in China; any statements of belief or intention; any of the factors and risks mentioned in the "Risk Factors" section of our Annual Report on Form 10-K for the year ended June 30, 2007 and any subsequent SEC filings. The Company assumes no obligation and does not intend to update any forward-looking statements, except as required by law.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any security.
value: that was yesterday