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snow
Thanks for the update from IR.
When I was trying to square the circle with the net gains from the 10K I didn't even consider it could be because of the minority interest. I thought EVERYONE knew we only owned 51% of SINO. Seems SEIH management didn't realise the draft figures used in the 10K hadn't factored that in at the time.
I like SEIH, I think it has a business model that has merit and could work but as I've said before the management has shown poor judgement and vagueness at critical points several times. You just wonder if they need some more 'hands on deck' or even a better quality of management.
That aside, we must be aware that we are not privy to all the facts at the time. Assumptions are made in the cut and thrust of a internet forum debate and if we're all not careful these assumptions soon become 'fact'!
I'm looking forward to the milestone news due out early next week though; I'm expecting a positive announcement on Redwood.
Happy thanksgiving day to all in the USA.
BG
Snow
Yes, of course I agree a growth in profits is what we are looking for and from the recent discussions are we both agreed that Redwood is the higher profit margin subsiduary compared to SINO?
If so, then news that Redwood has signed off a client or two would be most welcome.
Kind regards
BG
DesertSon/Oilman
This is all my opinion...
SEIH had to PR this information as it is a material fact. This is not the 'major milestone' indicated by Jim Bickel, this is merely a foundation stone being laid.
The major milestone is likely to be Redwood announcing the signing of a couple of clients.
Stock price is unchanged at 0.0009 so it seems shareholders are in a holding pattern for now, either because they are too far underwater to bother selling or are believers in the SEIH business model.
For the record I'm both :).
A R/S is possible I suppose, I'd be OK with that as long as we had $10 million in Revenues booked as well. Dare I say AMEX, nar, lets get off the Pinksheets first!!
Kind regards
BG
Holter
Looks to me like SEIH's subsiduary; Redwood, has just bagged itself another client or two.
Are all the pieces falling into place?
Explosive revenue growth should be expected if Redwood hits the mother lode.
Regards
BG
OilMan
I'll put money on REDWOOD closing one if not two deals worth several million dollars each.
Regards
BG
Consider this...
Q1 figures indicate that SINO has a gross profit margin of 17%.
Using this figure and assuming that the $1,365,000 Cost of Materials stated in the 10K are all attributed to SINO, then we can calculate that approximately $1,644,000 of the 10K revenue are SINO related.
Ok still with me.
Assume that for the year ending June 2006 SINO made $1,644,000 in revenues.
For Q1 2007 SINO revenues are approx. $750,000. So even on flat revenues for the rest of the year SINO revenues are estimated at $3 million.
If you assume a 20% growth in revenues per quarter then you're looking at revenues in excess of $4 million
$750,000 Q1
$900,000 Q2
$1,080,000 Q3
$1,296,000 Q4
Another question to ask is.
"Was the FSIN deal worth over $2 million to SEIH?"
If it is then REDWOOD is the subsidary that we ought to be hoping for news on.
$2 million per deal in cash and shares means we'd need 1 per quarter to push for $10 million revenues this year.
I'd like to see a PR today advising on either or both of the following:
REDWOOD closing a client deal (I think we'll get one before end of 2006)
Complete aquisition of SINO by SEIH. Or selling of SINO stake for $10 Million.
Final question to the board
"How much do you think our 51% ownership of SINO is worth?"
Kind regards
BG
C'mon UBSS get your fat a$$ off the ask
I picked up 700k at 0.0010
We want 0.0011 at the close.
BG
LVL 2
5 x 0.0009 - 0.0010 x 2 (UBSS on bid, ETRD on ask)
2 x 0.0008 - 0.0011 x 4 (UBSS on ask, NITE on bid, ask, ETRD on bid)
Looks to me like there are a number of buyers lining up waitin for 0.0009, good to see UBSS off the ask.
I think we'll end today at 0.0011 (0.0010 - 0.0011)
Low volume would suggest that there is stalemate between buyers and sellers.
Anyone know how long it will be before we get back on the OTC?
Regards
BG
Snow
My original thinking was as follows:
The loan was made whilst SEIH was a BDC and therefore counted as an investment and thus any repayment was deemed a dividend of sorts from SINO.
Again just a layman thinking this through.
Thanks for the clarification. I retract the point about the loan repayment being regarded as income, from what you are saying its merely a case of cash flow positive rather than income positive. Am I right in your thinking?
Good to have a 10K to discuss now!
Kind regards
BG
Snow
From the 10K plus some sensible(?) assumptions I get SEIH net profits at 16.1% of gross SINO revenues. Please see my message:
http://www.investorshub.com/boards/read_msg_ig.asp?message_id=14839530
Happy to discuss further. Plus just to advise you and the board I dont have an US accountancy practice background so I bow to your greater knowledge, tis good to have people on board that know about the minutia of balance sheets and income statements, I'm always willing to understand more.
I think my layman's assumptions in the above previous post is a good place to start though.
Regards
BG
Mediascan
Congratulations on the trades, I guess I was right about 0.0009 being a bottom buy today. What a gift is all I can say.
Just out of interest are you trading your entire holding or a percentage?
I think the Q1 figures will be around $1.7 million Revenues and 250K Profit. These figures are from SINO operations and not including loan repayments to SEIH; you can add that on top, maybe another 50K profit.
Plus I think Redwood will announce a new deal within the next month. Q2 SINO figures are likely to be even better in Jan 07 and provide us with a Q on Q trend for Q3 and Q4.
Good fundamentals and technical knowledge should put us both in good standing over the next couple of quarters. Just call the top next time OK ?! LOL!
Kind regards
BG
Lvl 2
6 x 0.0009 - 0.0010 x 2 (UBSS, ETRD bid,ask), (NITE bid)
1 x 0.0008 - 0.0011 x 2
1 x 0.0005 - 0.0015 x 1
Candlestick chart holding 0.0010 for last 1hr 45 minutes.
MACD just over signal line (15 minute chart).
Regards
BG
Lumik
I totally agree but Jim loves to take us through the rough parts of town dont you think?!
I think its just a way of ensuring that the longs that are still left are the real hardcore SEIH shareholders. We must be mad or geniuses (or both).
regards
BG
DesertSon
You've got to be mad to invest money into a delisted Penny stock! thats one step away from lighting your cooking stove with a bundle of $100 dollar bills.
But hey at least you haven't invested in a Foreign Delisted Penny Stock like I have. thats one step away from lighting someone elses cooking stove with a bundle of $100 dollar bills.
hehe.
And FFS dont tell the wife or else you'll be in the cooking pot!
Stay Frosty and pick those shares up at 0.0009 if they come.
Kind regards
BG
DesertSon
10Q results are unaudited for OTC stocks do you regard those as worthless as well?
But hey you have a right to vent so no problem. Look at the information you have in front of you, trust your DD that brought you here in the first place, reassess and recalculate risk verses reward, then decide what you should do.
SEIH Management has always been weak in my opinion and I think that has been factored into the share price for a long long while, ever since Bickel junior got duped in the Securesoft deal (will the bashers ever let us forget that!? :o) )
Technically intraday the 15 minute candlestick is telling us that 0.0009 is likely to have been the low buy point. We stayed there for 30 minutes and as if by magic the smart buyers where in to buy within a minute taking the price to 0.0011.
4 x 0.0009 - 1 x 0.0011 (UBSS on bid and ask) (NITE on Bid)
Looks to me as though there are buyers all lining up to buy at 0.0009, looks like a good play to me. There are some very smart traders working this stock IMHO.
Regards
BG
I'll try and post L2 figures periodically over the day.
If you do have Lvl2 then watch UBSS he is the 400lb Gorrilla moving SEIH.
Lvl as at
2 x 0.0011 - 0.0012 x 1 (UBSS on ask)
4 x 0.0010 - 0.0013 x 2 (UBSS on bid, NITE on bid and ask)
I'll also call the PR guy later today.
regards
BG
Holter
All 10Q's are unaudited. I was being facetious. Apologies.
If SEIH produces a wonderous 10Q We'd all be jumping up and down saying how great it was. But for OTC stocks the 10Q is unaudited too.
Unaudited or audited the 10K was very very good news for SEIH period. Sure an audited 10K is better but look at the bigger picture, consider where SEIH could get to within the next 3 to 6 months. Remembe the q2 figures are out in January and that is only 8 weeks away.
Selling on purely the point about the 10K being unaudited is in my opinion a mistake. But each person needs to make that decision.
Kind regards
BG
Scoobey
I have member marked you for that post.
Excellent post. No point in hidding from the truth and the facts they are there for all to see.
Kind regards
BG
Revenues and Profits
However you want to cut it you have a company here with both of them. A market capitalisation of $3 million c'mon you're kidding right. Revenues where $4 million last year and by my calcs we could see $1.5 million this q1 alone.(see previous post on SINO).
http://www.investorshub.com/boards/read_msg.asp?message_id=14839530
Fundamentals look very good check'em over again before considering a sell trade. Just my thoughts.
This is a short term technical issue probably resolved within the week. The 'unaudited' 10Q will blow this thing wide open.
I think we'll see a PR from the company and end up green today. 0.0005 I doubt we'll see but if we do I'll be buying more.
Respectfully
BG
Scoobey
Good point, I'll take a listen to it tonight and post something up about it soon.
Regards
BG
Walker, welcome aboard.
Seems that 0.0015 is a classic 50% fib retracement (0.0012 - 0.0018)
Seems like a good point to buy the dip.
61.8% fib retracement is 0.0014 (ish) so take your pick.
Kind regards
BG
100 million traded in 20 minutes
May get resistance at 0.0016 with the 'double your money from 0.0008 brigade'.
Then we are off to 0.0036
Regards
BG
100 million traded in 20 minutes
May get resistance at 0.0016 with the 'double your money from 0.0008 brigade'.
Then we are off to 0.0036
Regards
BG
Massive News out
Lumik
Hi, can you get a link to the 10k posted prominently on the Info section on this board?
Thanks in advance.
BG
Faust
I'd say a day or two before the 'E' is removed.
Regards
BG
Any thoughts on the differential
between the $421,000 net profit in the 10K and the $1,400,000+ 'net gain' stated on the 10K late filing form?
I'm assuming its to do with the way in which the 90722 FSIN * $10.00 a share are accounted for, plus the $145,000 Redwood charged FSIN. This consultancy fee has been recorded as liability until it is received. If you add all these numbers up you get to the amount stated in the late filing notice.
Thats how I see it anyway, maybe today's PR will elaborate.
Any comments?
Regards
BG
Q1 Estimated (SINO only) revenue and profit figures
This post attempts to estimate Q1 revenue and profit figures using the 10k as a benchmark.
BackGround Assumptions
----------------------
The 10K to 30th June 2006 shows SINO numbers as follows:
SINO figures
------------
$3,779,563 - Revenue (Ref #1)
$1,364,555 - Cost of Materials (Ref #2)
$1,219,398 - Total Operating expenses (Ref #3)
$1,195,610 - SINO Profits
$0,609,761 - SEIH Profits (Ref #4)
Ref #1 - (assumed all revenue from SINO, see Note 4 - Contracts Receiveable, 10K)
Ref #2 - (assumed all cost of materials relate to SINO acitivites)
Ref #3 - (calc'ed SINO Profit figure (Minority Interest of $585,849 represents 49% SINO Profit figure))
Ref #4 - (note other activities/expenses not attributed to SINO reduced net profit to $421,868, 10K)
As %
100.0% - Revenue
036.1% - Cost of Materials
032.3% - Operating Expenses
031.6% - SINO Profit
016.1% - SEIH Net Profits as a % of SINO Revenue
Q1 Estimate
-----------
SEIH Q1 covers the time period 1st July thru 30th September 2006.
SEIH announced that SINO produced net profit in excess of $175,000 for the month
of August 2006.
http://www.s3investments.com/content/SEIH_PR_9_12_06_Aug_Sales.pdf
Assuming SINO maintain that level through-out Q1 a net profit of $525,000 ($175,000 x 3) is suggested.
$1,661,500 - Revenue
$0,600,000 - Cost of Materials
$0,536,500 - Operating Expenses
$0,525,000 - SINO Profit
$0,267,500 - SEIH Net Profit
Quarterly EPS = $0.00012 (estimate)
Apply your own estimated revenue growth figure for future quarters and p/e ratio to calculate a fair end of fiscal year price.
e.g.
20% Revenue increase per quarter
10 p/e
$8,919,000 - Revenue
$1,436,000 - SEIH Net Profit related to SINO activites
Annual EPS = $0.00062 (estimate)
Footnote
--------
FSIN investment could be forward estimated using analyst coverage figure.
http://biz.yahoo.com/bw/061010/20061010006353.html?.v=1
$11.64 * 90722 shares = $1,056,000 Asset value.
Any comments?
Regards
BG
Faust - Yes, 5300%+ increase in REVENUE
Resulting in $421,868 Net Profits
I was talking to the PR guy as he got confirmation that the SEC has received the 10K.
He said there would be a PR tomorrow and SEIH Management see the 10K merely as a launch pad for the other stuff they have to say.
Regards
BG
Other stuff including NET PROFITS
5300% Increase in Revenues from 2005
Total Revenues $3,779,563
Operating Profit $998,881 (26% Profit Margin!)
Accounts Receivable $538,194 (1.7 months revenue - 7 week payment period)
Net Profit of $421,868
Net Gain Per Share $0.00024
Current p/e = 4 (weighted average shares 1.792 Billion Shares)
Own 90722 Shares in FSIN current price $6.00 equals $544,332
10k FILED!!!
2.3 Billion shares as at 8 November 2006
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=4495462
I bought another 2 million at 0.0011 earlier
My buys came good as the seller pulled the trigger.
Regards
BG
fake shake
and still no-one sells shares
MMs know 10k is coming
I tried to speak to Investor relations, too busy to take calls at the moment. Specifically asked me to call back 30 mins after the close of business today.
You can take that message either way but I'm betting the 10K is coming today.
Kind regards
BG
Team LA
I'd suggest you speak to Scot Trade directly and get your trade that way. I seem to remember a couple of years ago when the stock traded to from 0.05 to 0.10 in three days that Scot Trade suspended the online trading of the shares due to the volatile price of stock.
Regards
BG
EPS for the 9 months to date is 0.55
If Fushi has another tough quarter with eps of 0.05, the twelve month trailing eps is 0.60. The price is currently at $6.00, so a p/e of 10 for a chinese company seems fair value to me.
Some forward guidance would be good as would a reduction in the price of copper.
Need to read the 10q some more to see how easy it would be for FSIN to get their EPS back up to 0.15 a quarter.
Regards
BG
Lumik
Thats what I am hearing too.
regards
BG
I spoke to Investor relations...
the auditors have stated that they will file the 10K on or before the deadline. That deadline being tomorrow (15th November). There was a possibility that the 10K was going to be filed this evening but that is all the IR guy would say (I did call him before the bell, so that is understandable).
I think he's getting used to the calls from the 'foreign guy about the 10k' ;o)
regards
BG
Welcome JerseyBoy
I hope SEIH does it for you, I think it will and soon.
Kind regards
BG
Snow
Congratulations on your position in SEIH, I too think you have a good investment here.
Dont forget La Jolla is restricted in selling the shares plus when the 10K comes out I think we'll see 200+ million shares traded for at least several days. La Jolla will be out of the picture quicker than most think.
Keep an eye on GLBT he has no Bid position and is always on the ask I wonder if that MM is working on behalf of La Jolla?
Kind regards
BG
Snow
Yea your right the volume increase was a 9 million buy at 0.0012 then the MM traded a 19,000 share sell trade at 0.001.
Make your own conclusions from that, these are the kind of games MMs play on a stock 'in play' and when they have little or no inventory.
Rest assured that the MMs know exactly what is going on here.
Regards
BG