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I tried to e-mail Venus to ask about why they let their website expire on April 1st but was unable to get the e-mail to go thru.
There has been a lot of talk about why hasn't the company gone private with the pps so low.
Could that be the reason they have not renewed?
I also noticed that their website has expired but I thought that was from april 1st.
Even so the company has no website at the present time.
My three amigos have been outstanding accept like last year when this space did terrible so did the amigos.
Some of my amigos have been multi baggers the best two are doing very poorly now AOB & UTA but they were 20 baggers for me when I discovered them long ago.
So the ones that were unknown at the time I made them amigos did the best,
Gary the previous monitor of this board benefited from many of my amigos long before this board was born.
In order for amigos to perform proper the stock group needs to be in favor as well.
A lot of stocks in this space were amigos in the past but presently its a shot in the dark that one will do well.
Todays action saw a little bit more volume with buyside volume of 31,300 shares & sellside volume of 4,800 shares.
The last trade of the day was 1k shares @ the bid so WKBT finished the day @$0.38 -$0.04 or 9.52%.
Progress none the less in this consolidation of earlier gains.
I realize some me included were expecting the pps to be north of $0.50 after the 10k was filed on time but that wasn't the case.
A lot of times stocks in this space have a delayed response to positive news so lets see if that maybe the case.
I bought a lot of shares @$0.27 & am still holding on to them all but im sure some have been tempted to take 50% profits & run.
So this consolidation after the runup off the lows goes on a bit longer.
We could use a bit of PR from WKBT concerning the acquisitions they hinted at or the guidance we usually get or at least what their plans are in 2012.
Oh well 1st Q numbers will probably make things a little clearer about 2012.
mY 3 AMIGOS just in case this space still has life after death.
Nice cashflow & strong growth prospects ,with nice balance sheets loaded with cash.
Capacity enlarged & selling far below fair value,imo
WKBT CPQQ NUIN.
Just for funs lets see yours,
regards pappytom
p.s. No fraud charges have ever been made against my 3 amigos although like all stocks in this space no one can be 100% sure.
I like what im seeing in this yearend report & think we haven't seen nothing yet until we see the 2012 yearend report.
Strong buy for WKBT imo on both a t/a & f/a basis.
True considering the nice 10k report WKBT's pps should have gone up a lot more before a stall from profit taking sit in.
However WKBT's future prospects have never looked better & no one can deny that you can still buy the future very cheap right now.
It would be nice if WKBT would give us some guidance numbers for 2012 however they did hint that a acquisition maybe on the way & that might be the reason the usual start of the year guidance hasn't been given.
Figuring no hankypanky & based on the present organic growth I think WKBT could have eps around $1.15 in 2012 without excessive dilution & not factoring in a acretive acquisition that I feel WKBT is working on.
They have excess capacity even with a number of new products that will probably be launched this year like [flavoroids & the heart drug that was not launched in Q4 as expected.
WKBT has been growing @30-50% since they bought their 2nd division many years back & have the finacial resources to continue growing at a 30% clip regardless of the current slowdown in China that has taken its tow on a number of WKBT's competitors.
And those competitors all have p/e ratios of 2 or better.
Just factoring in that WKBT gets back to the lowside of par the pps would have to be $2.30 just to have a p/e ratio of 2x2012 expected eps.
WKBT is basing well off its lows & I believe 1stQ numbers will be excellant in fact to date WKBT has only had 1 bad Q & that one was bad enough to make investors hesitate a while longer before buying.
Stocks like bspm & aob shouldn't be selling higher than WKBT & stocks like nuin & cpqq which I like & own shouldn't have a p/e ratio of 2 when WKBT's is only 1/6th that.
I am banking on fair values returning to this space at some future date & WKBT seems to have more ground to make up than the rest.
At least messageboard traffic has increased making investors much more aware of WKBT.
Monday should be a interesting day.
I have accumulated quite a few cheap shares but intend to hold them as long as 4th Q type numbers continue as no fraud charges have ever been proven.
At some point I would expect cash which is now reported @ over $70M to be put to better use to improve shareholder value after all the CEO is the majority shareholder & would benefit even more than I or thee.
WKBT getting a lot of traffic on messageboards after they reported their 10k late Friday.
Monday could be a interesting day.
I stand corrected shareholder equity is $3.40 & not $4.00 as I stated earlier.
If only the numbers are real.
Mgmt not making a offer has to make one wonder since if the numbers are real they must be idiots not to make a offer while the pps is so depressed.
WKBT buying out the whole company using some of the $70M in reported cash would seem to be the logical thing for the CEO to do since he is also the majority shareholder.
As for someone else buying WKBT they would need his approval.
I think a going private pps of $3 or better would need to be offered since cash per share is around $3.00 & shareholder equity is over $4.00 per share.
I have been told by redchip & private investors who visited them in China that their facilities were excellant & they use deluxe packaging & name brands to sell their products on the wholesale market at a premium.[for what thats worth]
They also pay for their product ingrediants in advance to lock in a lower price.
Chinas growth has slowed down so they are letting A/R extend up to 60 days their payments to keep loyal customers that have short term liquidity problems, A/R of around $5M have been extended.
As far as being a fraud no proof has ever been established.
They have higher margins than most other in the industry except for the likes of nuin which has golden grass as their main product.
The higher margins are attained thru a combination of high quality & deluxe packaged products,strict cost containment & a steady stream of newer & updated products that command a higher price.
They don't even PR & that has been a big reason for the pps staying so low.imo
WKBT 10 filed look at the results vs current pps,Really;
This space is amazing to try & figure out...nuin came out with great results & the pps hasn't moved at all. While deer has moved up on strong volume.
Guess it doesn't hurt to be listed & paying a dividend.
Maybe in 5 years the unlisted one's [that are not frauds] will also get listed in HongKong after going private,
NUIN reported 2011 eps of $1.04 fully diluted up from $0.79 in 2010.
In spite capacity being expanded,,,new products being developed & a major advertising campaign cash has grown from $20,115,,677 in 2009 to $40,758,848 in 2010 to a independent audited $54,56,329 at yearend 2011.
The pps is $2.01 unchanged on todays earnings announcement.
Oh yes they have a stock buyback program but to date only 9,553 shares have been repurchased.
At 2x eps in 5 years NUIN may reach a pps of $6 bucks at the current rate of growth.
Why don't they just take the company private as its obvious U.S. investors could care less.
Everybody wonders when those consultant shares will quit holding down the pps of WKBT.
WKBT pre-announced that 2011 earnings would be at least $26 million & with new products & major expanding of both distribution & manufactoring facilities I believe this is the last dip below $0.30.
What would throw a monkeywrench into this forecast. 1] They fail to make their pre-announced earnings for 2011. 2] They continue to dilute present shareholder values. 3]They prove to be a fraud.
What would help the share pps move higher 1] a buyback or buyout.
2] 2012 guidance given 3]using some of those reported dollars to give shareholder a dividend & doing some acretive acquisitions to speed up new product development for their expanded distribution & manufactoring capabilties.
Lot of empty houses in China so future steel sales may not be that bright.
Remember the market looks ahead so last Q results mean only a fast trade & out.emo
I am very surprised that WKBT hasn't made a going private offer as a significant new heart drug should have a major impact on forward cashflow & yet the market is pricing WKBT at only a fraction of what it is currently worth.
True this could be another fraud but nothing has ever been proven & the facilties have been found to be state of the art by redchip & private investors that have visited WKBT in China.
"how many shares did they give away and for what"
Consultants have received over 3 million shares total.
The reason they gave in a e-mail reply was to develop new products.
WKBT For what its worth I have WKBT on pace to have eps of $1.04 in 2012 barring further dilution & believe current B.V. will be $3.00 when 2011 results are released.
This is jmo but I have followed WKBT since it went public.
WKBT has sceptic mainly because its margins are much higher than the industry average.
However in WKBT's defense a lot of higher margined new products have been introduced.
WKBT also uses deluxe packaging to present its well received higher quality products.
Late yesterday & early today profit taking set in for WKBT after a very strong rise yesterday.
The key to continued advancement is volume & after this healthy consolidation I expect the advance to continue.
p.s. WKBT has a history of moving up very fast when volume appears on this normally lightly traded stock.
d.p.s Thanks Atlanta for showing me this board it seems to be better than the WKBT board which I monitor to no one.
They believe Enron so why not wkbt...
For what its worth here is my projected guidance for 2012 based on what I know presently...
Revenue around $139 million & eps of $1.04 based on minimal dilution with B.V. north of $3.00 & cash on hand north of $75 million barring a acquisition or two & normal operating expenses.
Not bad for a stock still selling under half a buck.
Enron was proven to be a fraud,,,WKBT has had its facilities inspected by redchip & individuals,,,its cash has been verified by top 10 auditors but we do have to take into account the China factor & say 5x eps would be a lofty goal.
wkbt $0.4099+$0.1599 OR 63.96% on 6X normal volume of 190,343...
A lot of new products in the pipeline so forward guidance should be for at least 30% revenue guidance in 2012 even with Chinas growth showing signs of slowing a bit.
On a technical basis today represents a breakout & the fundamentals say about time.
While down from earlier numbers because of a bad 3rdQ the ttm numbers & the pps don't compute.
Present supply vs demand is out of wack because consultants that were paid in shares only want cash & are willing to sell into a continued lower bid to raise cash.
It still hasn't been made clear to investors why the consultants received the shares.
I would think by the time yearend numbers are reported we should get a little clearer picture of the reason they received all those free shares that they continue to sell cheap.
WKBT's eps$0.89,B.V.$2.84,operating cash flow$29.79million,current ratio16.29,roa31.19%,roe38.24%,total cash over $50million,toatal debt-0-all figures ttm so that lousy 3rdQ is included,currently the pps is converging on -0- as the stock continues to make new 52 week lows on a daily basis.
A number of things could cause the pps to stop deteriating & they all start with the CEO wanting that to happen.
That would be nice...I averaged down yesterday...that was me buying near the close...
Thats the problem with the jerk=o running this company...
He said that he would keep investors informed a little over a year ago,,,since then he has done nothing that would help the pps much less kept investors informed.
He did say he expected 30-50% revenue gains for 2011 so let me see if that was in the ballpark before trying to add to my 35k position that is well underwater.
Not sure how many shares he has left but the bid gets hit every morning at the start setting a bad tone to start the day.
Today he sold 5k @ the bid of $0.30 causing the bid to drop below the $0.30's again.
After the drop a buyer stepped up to the plate halting any continued drop for know.
I believe the key to ending this stand=off is either the sellar running out of shares or some positive news being released.
Another key to watch is volume which has been increasing...
I take that as a good sign unless more sellars from China arrive which may signal a bad event not currently known.
After the 3rd Q event another shoe dropping would not be good.
In my opinion we have a sellar willing to sell around $0.30,,,
We also have strong support from buyers willing to buy around $0.30...
As this stand=off continues volume has been increasing...
I look for a bottom between $0.25-$0.30 since if you read the 3rd Q numbers & believe the CEO's letter the A/R that were delayed should show in Q4 thus adding about $0.15 to 4th Q eps.
I hope to see strong numbers in the 1st Q of 2012 as well,,,sitting the stage for a major up move.
I have been so wrong of late on WKBT that this opinion should be taken WITH acid reducer.LOL
Time to keep your eye on WKBT....
It is currently in the low $0.30's because someone is willing to sell at such a low pps...
However the stock has buyers in that range...
This is a low volume traded stock but that is starting to change & could cause a strong trend reversal ahead of 4th Q numbers which should be very good if one looks behind the numbers reported in the 3rd Q.
As I posted here I have very litle cash in r/merger China but a stock like WKBT has a history of sudden large moves when volume appears making it ideal for swing trades.
I like csgh & use to own some the same with cpqq & I still have a few...
Talk about cheap wkbt is now selling @ a pps of about 1/3rd 2011 expected eps with lots of cash & no debt.
And the market maker will allow you to buy shares under the ask so he can keep the pps down.
The game is getting increasingly rigged in r/merger China stocks & the only hope is that some go private & offer investors some premium for their beaten down shares because going dark is not very profitable for yankee investors.
WKBT @$0.35 my oh me.
"What happened to their SG&A expense??"
Thats what im talking about some silly advertising mushroomed expenses along with a sudden share give away & how about those A/R for a company that does mostly a cash & carry wholesale business.
IMO= Just a way of lining other than shareholders pockets while dropping the pps to suit the CEO's future intent.
I will visit this board but my decision not to buy in this space again is because of what 2 of my biggest winners overall have done this year.[uta & wkbt]
One hasn't traded for 6 months the other has a CEO that could care less about shareholders.
If either ever declares a dividend I might change my mind...LOL
WKBT came out with its 3rd qtr numbers showing that reported eps mean very little when reported by a Chinese company.
The market maker showed his intent to co-operate with the CEO's intent by dropping the bid & ask thru-out the day even though buy & sell side volume was about equal.
A 20k share buy at the ask had little effect on the bid & ask as the mm continued to drop the price.
With varified cash per share around $1.75 the pps has dropped under $0.40 per share.
Good luck to everyone here, I will never buy another share of stock in this space.eom
After allowing for a increased tax-rate eps were flat in the 3rd qtr with a eps runrate of $0.28.
This has little bearing on the future growthrate since the new plant didn't become productive until sometime in Sept.
I will wait until I see 4th qtr numbers which should show a full qtr of production using the new plant.
Then multiply by 4 to establish the then current runrate.
By updating the runrate each qtr as 2012 unfolds a future growthrate can be established as we see how new business unfolds.
By then I hope this sector will regain some respect & a pps target using a p/e ratio somewhat in line with the future growthrate - a China discount can be determined.
WKBT volume has been increasing since yesterday with over 95% being at or near the ask.
In my opinion WKBT will have excellant 3rd qtr numbers & some news from the CEO stating what direction he will be taking WKBT[Going private seems very likely]& with cash & B.V. much higher than the current pps I would expect a premium of 200% on any announced buyout at least.
If the CEO decides to keep WKBT public or private is unknown at this time to me at least but a large acquisition to accomadate the need for more manufactoring space for the expected increase in revenue in 2012 & beyond will be needed since current manufactoring space will only accomadate 2011.
I believe the increasing volume will continue & if you believe in WKBT or not remains secondary to taking advantage of a possible upward move.
All in old fart pappys opinion of course.
China r/merger stocks have had a terrible month in October,,,even after such a down year many made new 52 week lows this month.
I think hedge funds have been clearing their books ahead of their next reporting period along with the normal tax loss selling that usually occurs at this time of year.
Today may have been bargain hunters buying some of these washed out names ahead of what could be very good 3rd qtr numbers.jmo
Some like wkbt are selling at a fraction of a p/e ratio,,,
Some like cpqq really got clobbered yesterday for no known reason & rebounded off that over 50% drop today.
Some like nuin haven't even traded this week even after the company announced a stock buyback.
Some like uta are still waiting for trading to resume even though updating all their reports the NYSE refuses to reinstate trading or revoke membership to the exchange after 6 months of trading halt.
I think in spite a terrible job by the SEC as usual & a lack of China interest in foreign shareholders a major rally is at hand.
Just about anything that went public via China r/merger is trading like a fraud.
Do I think all r/merger stocks are frauds? No!
But that makes no differnce in todays market.
I have a few China r/merger stocks left [wkbt nuin uta jada cpqq]
None have given proof of being a fraud although jada no longer reporting & without auditor looks like it could very well be.
Someday I believe rational values will return but until then adding anymore China names or adding to existing positions adds unnecessary risk to one's overall portfolio.
nuin has said they imtend to do a stock buyback,,,well lets see how things look after they report 3rd qtr results.
Watch list for next week=WKBT.pk
After a couple of weeks of little or no volume while WKBT tested the low end of trading range a buyer entered the stock late today.
The CEO who has been very quite since WKBT verified its cash balance almost 2 months ago but is believed to be working on a acquisition or two.
WKBT will need to do something before yearend to increase production capibility for 2012 & beyond to keep up with its outstanding revenue growth & since they have only done limited building a acquisition maybe part of the answer.
Late today 20k & 28k blocks were bought @ the ask helping buy volume outpace sell volume 70,200 shares to 13,475 shares.
If this volume continues next week it maybe signaling news on the way.
disclosure; Other than cash WKBT is by far my largest position.
regards,pappy
WKBT has a new player entering the stock today.
Total volume as I write is 83,675 way more than average volume.
Buyside volume which trailed sellside volume earlier today now leads 70,200 shares vs 13,475 shares of sellside volume.
Blocks of 20k & 28k have taken place at the ask.
I see no news to account for todays interest but I believe the CEO who seems to be trying to keep a lid on the pps to date maybe working on some deals.jmho
regards,pappy
p.s. WKBT other than cash is by far my biggest position but I believe this buying could have a big impact on the pps if it continues as WKBT is a very volitile stock in this space.eom
I see the revenue trend starting to improve with new production coming on line along with a stronger product line giving a boost to margins.
At the current pps it is a good speculative buy.imo
My 3 amigos are;
cash[80%+]
wkbt
nuin
3 wild cards
uta
cpqq
more of number#1