I am updating my staus.
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Citron get esp interested in soaring shares - if they can see a chink in the armour, real or imaginary, they will go at them. They also aren't going to mention their failures - they did a "job" on CFSG and that's still trucking on.
I don't think BSPM has been flying especially high and at these prices is still cheap so I don't think it has any more of a chance for a hatchet job as any other.
Not sure what to make of the article.... (see below)
rich
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What was the thrust of the argument? Guilt by association? So, the stock this guy has delt with haven't done very well.
The way SCOK moved was amazing and I wouldn't be surprised if it was manipulated. However, the central theme, for me, does it own mines and are they consolidating more? Didn't seem to address that.
This disclosure, made with a straight face, in the wake of record financing amounts flowing like rivers out of Chinese banks the last year or two to support every conceivable venture needing capital … but somehow accessing the US capital markets by reverse merger “better positions the company to raise capital from outside sources.”
Chinese banks are very good at giving money to state owned enterprises - everyone else has to fight for their money. I don't find it strange that they have to list to get access to capital.
rich
CNYD - how good is this company?: -)
12th highest stock by net income margin. Very interesting
rich
http://www.cnanalyst.com/2010/04/ranking-uslisted-international-stocks-by-profit-margin-as-of-apr-8-2010.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+cnanalyst+%28China+Analyst+-+News+and+Research+on+U.S.-Listed+Chinese+Stocks%29
Ranking | Company (Ticker) | Net Profit Margin (Last 12 Months) | Country/Region
1 MIND C.T.I. Ltd. (NASDAQ:MNDO) 89.6% Israel
2 Giant Interactive Group Inc (NYSE:GA) 65.9% China
3 RenaissanceRe Holdings Ltd. (NYSE:RNR) 63.1% Bermuda
4 China INSOnline Corp. (NASDAQ:CHIO) 57.8% China
5 Ship Finance International Limited (NYSE:SFL) 55.8% Bermuda
6 Montpelier Re Holdings Ltd. (NYSE:MRH) 54.7% Bermuda
7 Changyou.com Limited(ADR) (NASDAQ:CYOU) 54.1% China
8 Seaspan Corporation (NYSE:SSW) 50.9% Hong Kong
9 Diana Shipping Inc. (NYSE:DSX) 50.8% Greece
10 Compania de Minas Buenaventura SA (ADR) (NYSE:BVN) 50.7% Peru
11 Greenlight Capital Re, Ltd. (NASDAQ:GLRE) 50.6% Cayman Islands
12 China Yida Holding, Co. (NYSE:CNYD) 49.8% Hong Kong
Will they do a 10-K? When I asked about the lack of a 10-K a couple of weeks back they said:
The company has not missed any deadline. As a Foreign Private Issuer (FPI), China Ceramics has until the end of June to file a 20F.
Would a 20F be equivalent to 10-K? Hmm... confused.
rich
CGPI - back again. Interesting how HC International, Inc. handled it different from CCG. CCG were transparent and HC were opaque. HC wouldn't even tell you what the problem was (I'm guessing it's a mix up with quarter ending dates with the regulatory authorities) but after market had closed for 2 hours said it's fixed.
ANYWAY, yahoo doesn't recognise CGPIE but does recognise CGPI. Sounds good.
rich
CGPI(E) - IR says "Company is contacting regulators"
rich
Shanghai Closes flat (-0.03%) strong recovery at end eom
rich
CGPI - The story so far:
1) Burp points out it's going delinquent.
2) I think that meant today 19th. So I am happy not to see it didn't go "E".
3) I don't bother phone IR.
4) I see Rames posting that deliquency beings tomorrow, 20th.
5) I contacted FINRA Market Operations at (866)-776-0800 (got from [1]) and confirmed CGPI was going deliquent tomorrow.
6) I have contacted IR and CFO - the deliquency was news to them - I have told them to contact FINRA.
7) I'll phone back 9am New York time and see where we are.
As I've said, their quarter according to PR was end of March so I reckon they have breathing space. Watch this space.
rich
[1] http://www.otcbb.com/asp/dailylist_detail.asp?d=04/16/2010&mkt_ctg=OTCBB
SGZH - the PR suggests that they haven't got improvements finished yet. Should make waiting for Q1 and Q2 interesting....
We expect, however, these mine improvements will improve efficiencies and lower costs and greatly enhance our growth and profitability once completed in 2010
CGPI - been trying to find out what's happening... I phoned FINRA - it's the number at the bottom of the webpage. And they said yes, CGPIE is happening tomorrow - lets find out
I've called the IR firm and CFO - they are confused but I've helped them as much as possible - something should give.
rich
FINRA Market Operations at (866)-776-0800
CGPI - I've contacted the IR firm and he's passing on the information onto the CFO. I hope to hear tomorrow - what's happening.
rich
SGZH - Amazing and they couldn't say this in the 10-Q? No, only once the axe man came to the stock and started taking chunks out of it.
rich
SKBI - announce permenant CFO - they were sharing their CFO and they had problems as noted in the 10-K. They now have permenant person - stupid to being having problems and sharing a CFO.
http://finance.yahoo.com/news/Skystar-Appoints-New-Chief-iw-492358016.html?x=0&.v=1
rich
Cheers Burp - I might ask IR about it anyway.
rich
CGPI - filing period end 31/March/2010 is Mid may.
Repeat of post on CGPI board....
I'm not seeing it change to E yet either... fingers crossed on that!
This like says the last period was from 31 st March 2010
China, today announced financial results for the third quarter and first nine months of its fiscal year ending March 31, 2010 [1].
Non-accelerated fillers (which I assume this is) have until Mid May.
10-Q: for Quarterly Period Ended 03/31/10 due Monday, May 17, 2010
rich
[1] http://finance.yahoo.com/news/China-Redstone-Group-Inc-prnews-2449895868.html?x=0&.v=1
CGPI - where did you get this deliquent information from?
This like says the last period was from 31 st March 2010
http://finance.yahoo.com/news/China-Redstone-Group-Inc-prnews-2449895868.html?x=0&.v=1
Non-accelerated fillers (which I assume this is) have until Mid May.
10-Q: for Quarterly Period Ended 03/31/10 due Monday, May 17, 2010
rich
IR Contacts - saving info as ticker change can cause loss of info
Contacts:
China Redstone Group, Inc.
Mr. Michael Wang, CFO
888-600-7955
OR
HC International, Inc.
Ted Haberfield, Executive VP
Tel: +1-760-755-2716
Email: thaberfield@hcinternational.net
rich
LIWA - CSKI's trading partners accounts were indeed different from what you'd expect looking at CSKI's US accounts.
CSKI doesn't hold a fitting multiple and is basically the plaything of the hedgefunds. Waldo mushroom, in the link, is the guy whose the lead shorter (I say short, but probably plays it both ways on CSKI). *IF* he is gunning at LIWA in tne same manner he did CSKI longs should expect long ardious journey. Traders might have fun.
Never had a position in LIWA..
rich
NEP Q3 09 I'm getting as 14.4M. Q4 09 I'm getting around $30M. So, yes 100% growth in revenue. Probably around 12% growth Q/Q growth in the oil production section of the company.
rich
Hello Chad,
CCME has been trading in a channel for a while, I assume 13.10 is ari's take on the high end of the channel - I don't understand TA.
We can only guess why this is happening as it's a stupidifying price for an advertising company given China's empahsis on incresing domestic spending.
One rumour is the financiers, star, wanting to keep the price down beneath their warrant excise price of $14.
The other is that they are keeping the price low while institutions think about it / accumulate it. We know that institutions are trailing back and forth and talking to CCME management. If they weren't interested they wouldn't bother.
If they like what they see they will take a position and sell it onto their clients and then release "coverage" of the stock.
Frankly we need to keep ourselves occupied as we know from all we've seen this is a stand up stock. Hopefully with a reasonable price tag as the entire board finds $13 to be very unreasonable indeed
rich
Ah well, the rumour starts here...
If anyone wants to cotact CCG here's the guy.. you can find this information independently on a PR. Stock uplisting times may vary
Bryan Blake <bryan.blake@ccgir.com>
rich
IR emailed me:
"They have already applied, but the timing of approval from Nasdaq is uncertain."
Hmmm would you apply if you didn't have enough shareholders?
To find the number of shareholders what do you do? I was thinking the transfer agent might know?
Transfer Agent and Registrar
The Transfer Agent and Registrar for the shares of China Ceramics shares, warrants and units is Continental Stock Transfer & Trust Company, 17 Battery Place, New York, NY 10004, (212) 509-4000.
From [1]
I've got no cash till NEP botheres to tell us there earnings. I have $2.50 options that are going to suck me dry of cash.
rich
[1] http://google.brand.edgar-online.com/DisplayFiling.aspx?TabIndex=2&FilingID=7124437&companyid=810829&ppu=%252fdefault.aspx%253fcompanyid%253d810829
What's the minimum shares I have to purchase to qualify as shareholder?
Is it 1 I ask innocently?
rich
My problem with the space is that I didn't understand the differences between various companies, and even if I did it's, at this moment, about winning a few big accounts - which seems an additioanal risk in the investment.
rich
NEP will it go E tomorrow? Does this affect anything like marginablitly or stuff?
rich
To the moon, obv
Management numbers were 63 - 70 cents ish I think - I'm taking 29M shares ish and between 18 and 20M net income. So assuming we get uplisted then taking a forward P/E of 10 should be given during this year - assuming it hits it's targets so $6 to $7 is certainly on the cards.
The wrinkle is the dilution but that should also allow some increase in earnings. We'll see.
There are reasons to suppose that it should deserve higher multiples.
1) The board is of the opinion that the additional outlets they are opening in rural China should give a booster. I think it's likely that there will be good growth this year and into next year.
2) The main product for Hep-B seems to have a barrier to entry - the only OTC drug - and therefore apparently it can be advertised about unlike all the prescribed drugs.
3) NAZ listing may help it hold a higher multiple of 12 times - I don't think it will hold more than 15 times. And it would only do that if they really got their message over to investors. Just not sure market wants to give a herb company a high multiple. Which is silly as it's quite possible that next year it could do 50% growth.
I think there is a reasonable chance of upside to management numbers (which is not the same as I know there's more). Simply the number of outlets increased and the new areas they are distributing means that it's possible to get more earnings.
I can see them aquiring products and pushing them through the distribution channel. Which doesn't have to be that great an idea because in the end it's unlikely that they will have as good a drug as the Hep-B one.
Traders will be willing to sell this stock - it's been on an upsweep over the last few days and these things are rarely completely sustatinable. Longer term investors will see $6 - 7 as being nearer the value of the company and probably sell some of their holdings.
If mid year it's beating the targets it set then it could get to earnings that deserve $10 or more but that's not the current guidance.
For myself, I will be looking at the quarterly results and see if they hit some of our more optomistic numbers. I will sell a portion in the $6 - 7 region if I am unimpressed.
The best price is, of course, when I found something cheaper with as a good as prospects.
I think that's quite enough for one post!
rich
Ceragon network - I've heard a bit about - it might have actually been the trade someone was writing about. Long Ceragon & short DRWI.
Rest of post is OT, Hi Dale,
-- First let me say I watch what is happening in the U.K. very carefully and believe your country has gone down the hole.
Yeah, put it this way, Nearly all my worldy possessions are in dollars rather than British pounds. Now, if only I could get a trading account that was in Yuann.
While we're wating for the shoe to fall off it's a good job we have a resonable public broadcast T.V.
I should say I also have a sophisticated sense of humour as my favourite show is family guy.
rich
NEP - hmm, they should have realised it wasn't enough time a while ago.
rich
NEP Delays filing
http://finance.yahoo.com/p?k=pf_1
rich
CXDC Adjusting for non-cash charges associated with stock-based compensation of $8.0 million, change in fair value of warrants and derivative liabilities embedded in the preferred stock of $12.2 million, and deemed preferred dividend of $13.9 million, adjusted net income was $24.2 million or $0.87 per basic share and $0.58 per fully diluted share.
For 2010 they are saying:
$27 million to $30 million, excluding any non-cash charge related to the change in fair value of the existing derivative liabilities and stock-based compensation.
Never looked at this company...Hmm... 58 cents and between 12 and 25% growth - for NAS $6.60 stock. Probably undervalued but not by that much.
Don't know if there's an extra growth story here? But first look doesn't standbout.
rich
ratobranco - thank you for explaining the situation - I know it's been a battle.
I hope IDCX shoots up and makes everyone rich but buyers should at least understand the risks as well as the rewards at this price. Which I think your posts, and those by others, have done.
Now, if there's an explanation why the shell definetly won't have a R/S on it then I would like to know? Otherwise I think the reasonable position is to say it's unknown and people should bet accordingly.
rich
(I have never taken a position in this trade but if it's anything like NEWN I will be looking to kick the tires over. I am not jelous of people who do well! One of you rich folks might need a butler or chauffeur and US folks really dig English accents.)
That's about it. Clearwire is the customer and they have strategic link with Sprint. The big upshot is what ATT or any of the other big players will do.
Typically, people are shorting this stock and going long on a similar stock (can't remember it's name) as an arbitrage move.
Earnings wise it should be worth $13 but obviously without new contracts the company will eventually have nothing to sell. I don't think that's going to be the case because upgrades to the network are going to be ongoing over the next decade or so - probably longer.
All the smart phones and iphones just mean someone has to fundamentaly increase the bandwith of the backhaul.
I bought it at $13 and sold around $10 as a tax loss in April - I'm a UK citizen - on different tax dates.
rich
I think it's sell the B.S. I think each uplist is different - anything that is severely undervalued can jump quickly. I think it's most probably will go down but I don't see why I should take the risk - this is a $7 stock minimum and should probably trade on a value above P/E 10 since expansion is happening and is ongoing. We also think there's upside to the management targets.
Anyway, people can debate at $7 but I ain't selling it when it's $4 - $5. Unless I find something of equal quality with good barriers to entry. Though I wish I could time it right, sigh
rich
That or 3 months - I suspect we'll both be waiting either way. I'm feeling good now. If the management shut up and we don't have anhilation of the stock market I think we can make it to the promisted land!
rich
Unpegged! Singapore dollar allowed to appreciate as economy booms
http://news.bbc.co.uk/1/hi/business/8619548.stm
rich
Hmm.. intersting read...
I'm happy now about the supply demand... so we could see the prices fall naturally next year anyway. Also means that fewer will get burnt.
I also like the fact that all builders aren't overextended.
According to a questionnaire conducted by Homelink Real Estate during the spring fair, 70 percent out of the 200 respondents believed the price of Beijing real estate would keep climbing and the jump will be from 30 percent to 50 percent this year.
Talk about a self selecting sample! The people coming to the fair want to buy, doh!
It's not trivial, this
rich
How an Uplisting Works
Dispells a lot of myths....
http://www.thestreet.com/story/10725448/1/how-an-uplisting-works.html
rich
Yup, I don't pretend I'm thinking any different than that - it didn't help I just watched, quite by chance, that Chanos interview.
I have a 1/3 position but would go to full position if I can deal with by fears.
March numbers were up still [1] this was interesting quote from the piece that supply / demand was out of sync.
"Last year, some developers were skeptical about the price increases and cut back on construction starts until the fourth quarter, so there's no supply in the market," he said. "Whatever the developers are putting out, people are grabbing."
I've emailed IR about how much relies on new construction, uplisting and the bid ask spread and see what happens... I'll phone them tomorrow if no reply.
rich
[1] http://www.chinadaily.com.cn/business/2010-04/14/content_9728928.htm
Uplisting will help, I agree. I'm happy to buy stocks with little liquidity if I'm convinved by the story - say China Redstone.
You know what the first question they get on the road show will be? How they handling the property bubble. The question is how much is it a perceived risk vs and actual risk?
I haven't read any good thoughts on that, yet. I'm guessing investors don't know either.
rich
I guess the question is how much of their sales is to new properties? It feels more that there has to be a property crash or slump now.
Investing community needs a worse case / best case scenario. How will it handle the downturn? *shrug*
rich
Eartquake Impact to Rural Western China - looks bad for everyone concerned but don't know which companies would be around it. First take was none.
rich