Farm the turd -- beat the herd
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great news site! quick way to catch up
ENHD - back in @ 1.7
CBP - anybody buying some here?
KNDI tankage
CAGM - why down so much?
ASRG - WOW!!
RCON - getting cheap here
EESC,CNVP,HYFXF - added
CEHD tank
NEP - something is up here, can't find any news...
NEP - ???
CHNC - 2x volume today already
Loaded from low 20's. Holding lt, easy triple here.
NEP ramping
HYFXF.PK - 3 for 2 split 12/21/10, thought you might be interested. Big drop today
TXIC - back in @ 1.25
HYFXF - anyone else hold any? I think the water treatment sector, especially in China, is a very good sector to be invested in lt.
OINK - Tianli Agritech, Inc. Acquires 10th Hog Farm
Management Expects Strong Financial Benefits From 20,000 Head Hog Farm; Provides Production Update on Ninth Farm 12/16 06:00 AM
WUHAN CITY, CHINA -- (MARKET WIRE) -- 12/16/10 -- Tianli Agritech, Inc. (OINK:$5.11,00$0.10,002.00%) ("Tianli" or "the Company"), a leading producer of breeder hogs and market hogs based in Wuhan City, China, today announced that it has entered into an agreement to purchase the assets of Hengdian Farm, a 20,000 head annual production capacity hog farm located in Wuhan City, China and owned by Wuhan Taida Breeding Co. Ltd. The agreement calls for payment of approximately $1.4 to $1.6 million to the seller to be finalized upon the transfer of equipment. The Company expects to close the transaction by the end of December 2010.
"We are very excited about this acquisition, which will become our tenth farm," began Tianli's Chairwoman and CEO, Ms. Hanying Li. "We identified this farm as an acquisition candidate in September and upon making a $400,000 deposit, our team began an extensive due diligence process. We have acquired and integrated multiple farms over the past four years, and we are confident in our ability to successfully equip this farm to produce the high quality breeding and market hog stock for which Tianli is well known," Ms. Li continued. "After we upgrade the farm equipment and complete the cleansing process, we will populate the farm with high-quality breeding stock. We expect these breeders will arrive in February, enabling the initial production to be brought to market in the fourth quarter of 2011. While this farm will have a minimal impact on the Company's 2011 financials, once it reaches full operating capacity in 2012, it will generate annual revenue of approximately $4.5 million at current market prices, with a targeted operating margin of approximately $1.8 million."
Hengdian Farm is located in Wuhan City. The facilities are in good condition as the farm was constructed in 2008 and only operated for a few months after completion. The Company will acquire the rights to 462 acres of land, 30 buildings and a variety of associated equipment. Tianli plans to invest approximately $500,000 to upgrade the farm's facilities and transfer its breeding stock to the Hengdian Farm.
Ms. Li concluded, "We expect our ninth farm, which we completed the construction in summer of 2010 and is currently selling breeder hogs, will reach its full annual hog production capacity of 20,000 by next summer. Including the 20,000 production capacity we expect from the Hengdian Farm, our total annual hog production capacity would increase by approximately 36% to 150,000 hogs. We continue to actively pursue additional asset purchases like Hengdian, which we anticipate will generate a very attractive return on invested capital, resulting in a short payback period. Our existing cash balances plus strong cash flow provide us with the ability to fund continued growth."
Wow i thought you were joking at first..don't currently hold any. blah
CCME is going to go bonkers on this news today:
FUJIAN, China--(BUSINESS WIRE)-- China MediaExpress Holdings, Inc. (NASDAQ GS: CCME) ("CME" or "Company"), China's largest television advertising operator on inter-city and airport express buses, today announced that its Board of Directors has approved the implementation of a dividend policy on its common and preferred shares. Pursuant to the policy adopted by the Board, commencing with the six month period ending December 31, 2010, a semi-annual cash dividend of 5% to 10% of CME's net profit will be paid upon receipt of the related financial statements by the Board. The Company's Board of Directors will decide the exact payable amount at the corresponding board meetings in light of CME's cash flows, expected liquidity needs and future corporate strategies.
CME's Founder & CEO, Zheng Cheng, commented, "Consistent with our commitment to continuously maximize value to our investors, our Board of Directors agreed that with the Company's exceptional balance sheet and solid free cash flow generation, it is time to recognize the ongoing support of our shareholders. With this payout ratio, we will continue to have the financial flexibility to invest in our high-return, high-growth projects."
CVVT - China Valves Technology Inc. Announces New CFO > 12/16 05:30 AM
ZHENGZHOU, China, Dec. 16, 2010 /PRNewswire-Asia-FirstCall/ -- China Valves Technology, Inc. (CVVT:$10.10,00$-0.21,00-2.04%) ("China Valves" or the "Company") a leading Chinese metal valve manufacturer, today announced that the Company has appointed Mr. Gang Wei as its new Chief Financial Officer. Mr. Wei will replace Mr. Renrui Tang, who has served as interim Chief Financial Officer since June 2010. Mr. Tang will remain with China Valves (CVVT:$10.10,00$-0.21,00-2.04%) as financial controller. The change is effective since December 16, 2010.
From February 2010 until December 2010, Mr. Wei was chief financial advisor for State Grid International Development Ltd.. His main responsibilities included international and domestic M&A advisory, annual budgeting, financial reporting processes, develop consulting functions, and relationship management.
Between September 2007 and February 2010, Mr. Wei was the London-based treasury manager of EMEA and America for Brambles Limited, a global business service group headquartered in Sydney, Australia that operates in over 45 countries and is listed on the ASX under the ticker symbol BRB. Among other responsibilities, he managed the financial reporting and financial control function for 10 entities located in the region. He was also responsible for budgeting, financial forecasts.
From June 2004 to September 2009, Mr. Wei was the senior accounting manager for Kazakhmys Plc, a FTSE100 company headquartered in London that operates in mining, natural resources, energy and manufacturing. From February 2001 to September 2002, Mr. Wei was the Chief Financial Officer of Coastal Industrial Group. Between November 1997 and January 2001, Mr. Wei worked as finance manager for China Laurel Group Ltd., a real estate company based in Shanghai.
Mr. Wei received a doctorate degree in finance from Cardiff Business School of Cardiff University in June 2004, a master's degree in accounting from Shanghai University of Finance and Economics in January 1999, and a bachelor's degree in accounting from Sichuan University of Science & Engineering in July 1997. He received his China CPA certificate in 2001, the ACCA certificate and CFA designation in 2004, and the Hong Kong CPA certificate in 2009.
"We are honored to welcome Mr. Wei to join China Valves (CVVT:$10.10,00$-0.21,00-2.04%) as CFO and believe he will be very successful in this position. He is a seasoned professional and we are confident that his many years of experience will be of great value to our management team and help us polish our financial management functions as well as enhance our internal controls. In his role as CFO, Mr. Wei will also become the main contact to the investment community going forward," said Mr. Jianbao Wang, Chief Executive Officer of China Valves (CVVT:$10.10,00$-0.21,00-2.04%) . "Mr. Tang will remain in his position as controller and work closely together with Mr. Wei in order to ensure a smooth transition."
"Appointing a new CFO with a strong international financial background applies to our strategy for talent recruitment. Meanwhile, it is also a great milestone to strengthen our corporate governance," said Mr. Siping Fang, Chairman of China Valves (CVVT:$10.10,00$-0.21,00-2.04%) . "We are also preparing to upgrade our auditor next year. The process includes contacting all Big Four audit firms and we are currently following up with two of them very closely."
CBEH - China Integrated Energy Dismisses Sherb & Co As Auditor
China Integrated Energy Appoints KPMG As Its Independent Auditor
CTFO - China TransInfo Announces Successful Bid with China Mobile Liaoning for Traffic Information Service Agreement 12/16 05:00 AM
BEIJING, Dec. 16, 2010 /PRNewswire-Asia-FirstCall/ -- China TransInfo Technology Corp. (CTFO:$4.28,00$-0.24,00-5.31%) , a leading provider of comprehensive intelligent transportation solutions and traffic information services in China through its affiliate, China TransInfo Technology Group Co., Ltd. (the "Group Company"), announced today that its subsidiary Shanghai Yootu Information Technology Co., Ltd. ("Yootu") has recently placed a successful bid with China Mobile Group Liaoning Company Limited ("Liaoning Mobile") for providing real-time traffic information service to Liaoning Mobile in five cities: Shenzhen, Chongqing, Chengdu, Dalian and Wuhan.
According to the terms of the agreement, which runs one year through December 31, 2011, Yootu will provide real-time traffic information to be transmitted directly into China Mobile's real-time traffic information processing platform. China Mobile will then provide its national users with a range of location-based services based on Yootu's real-time traffic information. In return, Liaoning Mobile will pay Yootu a service fee totaling RMB 1.15 million (approximately US$0.17 million).
In 2006, China Mobile
CBP - China Botanic Appoints David Dong As New Chief Financial Officer
China Kangtai Cactus Signs Manufacturing Agreement with Shandong Tobacco Company
Joint Manufacturing Agreement with Government-owned Cigarette Manufacturer 12/15 05:30 AM
HARBIN, China--(BUSINESS WIRE)-- China Kangtai Cactus Biotech Inc., a vertically integrated grower, developer, manufacturer and marketer of a variety of cactus-based products in China, has signed a joint manufacturing agreement with China Tobacco Import and Export Shandong Corporation (China Tobacco Shandong), a subsidiary of China National Tobacco Corporation, to manufacture cactus cigarettes under the name of “Tai Shan Sheng Chao.”
The Shandong Province Government authorized the agreement in November. The company will manufacture this new brand using a new paper process technology with China Tobacco Shandong’s subsidiary, Qingdao Cigarette Factory. Plans are to begin full production in February 2011.
Qingdao Cigarette Factory, established by United Kingdom Tobacco Company in 1919, is a well-established tobacco company with high-end technology and advanced equipment. Its parent company, China Tobacco Shandong, founded in 1985, mainly exports and imports tobacco and tobacco manufacturing equipments. In its 25 years of operations it has exported over 216,000 tons of tobacco to 30 different countries and has accumulated over $461 million in revenue.
China Kangtai Cactus CEO Mr. Jinjiang Wang said, “This agreement is a very important breakthrough for our cactus cigarette business. In China, cigarette manufacturing is a government monopoly, which designates only one cigarette brand for each province. We are now the first publicly held company to sign a joint manufacturing agreement with a government-owned cigarette manufacturer. This will enable us to make important progress in growing market share for our products and further enhances our revenue growth potential.”
China Tobacco Shandong General Manager Jianli Bi said, “This agreement creates mutual benefit for both companies. The low-nicotine and non-nicotine cactus cigarette product coincides with the government’s initial step to promote less harmful products to the huge smoking population in China. It is estimated that more than 300 million people in China are regular smokers. Furthermore, we plan to export “Tai Shan Sheng Chao” cigarettes to Russia, South Korea and Japan through our established sales channels. We are confident that cactus-based cigarettes have a promising future to broaden shareholder value for both companies in a long term.”
About China Kangtai Cactus Biotech, Inc.
China North East Petroleum Reschedules Annual Shareholder Meeting for December 29, 2010 12/15 05:30 AM
HARBIN, China and NEW YORK, Dec. 15, 2010 /PRNewswire-Asia-FirstCall/ -- China North East Petroleum Holdings Ltd. (NEP:$5.6900,$-0.0700,-1.22%) , a leading independent oil producing and oilfield services company in Northern China, announced today that its Annual Shareholders' Meeting was adjourned until 10:00 AM Beijing Time on Wednesday, December 29, 2010 in order to provide additional time to obtain a quorum. No business was transacted prior to the adjournment. Shareholders are encouraged to cast their vote by proxy prior to the rescheduled annual shareholders meeting. The meeting on December 29, 2010 will be held at the Company's offices at Foster Mansion, 85 Pu Jiang Road, Suite 1413, Nang Gang, Harbin, People's Republic of China 150010.
Added UTA
o/t NENE, holy cow
VLOV starting to get cheap
SPX up up and away!
CSGH - still bleeding, just watching
UTA - big volume pouring in
Big promises, earth shattering tech (plastic to oil) that never materialized. Please don't view this as a bash, just stating my concern to hold this as a lt investment.
NEP - Well I broke a few rules and it currently comprises approx %20 of my portfolio...I just can't lighten up @ these levels...
NEP - Anybody else compelled to dump this turd or am I the only one foolish enough to still be holding on?
UTA jumpin
posted on my FB
wow thats good, thanks!