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CLWT - Nice contract wins, forward look, and tiny float make CLWT a radar today.
HONG KONG, March 15, 2012 /PRNewswire-Asia/ -- Euro Tech Holdings Company Limited (NASDAQ: CLWT - News) today announced that its subsidiary, PACT Environmental Technology Company Ltd.("PACT") has recently been awarded 2 contracts worth about US$1.3million from two foreign companies outside China and one contract worth about US$2.2million from a company in Jiangsu, China.
These contracts which cover design, supply, supervision of the installation and the commissioning of waste water and water treatment systems for a company in mining industry in Australia, a cooling water and recycling system for a company in aluminmum industry in USA, wastewater and water treatment systems, and a cooling water and recycling system for an American company in alumimum industry in Jiangsu, China.
Pact is positive to receive more contracts from outside and within China in the coming months.
BWTS (Ballast Water Treatment System) update:
Ballast water treatment is an imminent requirement by The International Maritime Organization ("IMO") to prevent the biological unbalance caused by the estimated 12 billion tons of ballast water transported across the seas by ocean-going ships when their ballast water tanks are emptied or refilled. The market potential for retrofits and new installations of BWTS in these old and new ocean-going ships is enormous.
Instead of the original plan to have the land base test in USA in March, and the sea board test back in China in November, Pact has now decided to have both land base and sea board tests in China in April and October respectively. This is because only recently China can also provide test facilities for the land base test in Shanghai. Moreover, Pact can save a lot of expenses as it does not need to send its project team stationed at least 3 months in USA and then brings back the BWTS to China for the sea board test in late 2012.
The company is upbeat about the potential Ballast Water Treatment business that will generate steady revenues and incomes based on orders from retrofits and new installations from ships in future.
ANDI moving on decline of buyout offer from much larger public co.
http://finance.yahoo.com/news/Andiamo-Corporation-OTC-ANDI-iw-424591423.html?x=0
I'm thinking that they scrubbed their reverse split and abandoned the uplist...just my interpretation (and hence my sell order) of the 8K.
FUEL earnings PR reads nicely, with a big gain resulting in balance sheet improvement and a bright future.
http://finance.yahoo.com/news/SMF-Energy-Corporation-prnews-656868849.html?x=0
FT. LAUDERDALE, Fla., Feb. 14, 2012 /PRNewswire/ -- SMF ENERGY CORPORATION, (NASDAQ: FUEL - News) (the "Company"), a leading logistics service company providing efficient, just in time distribution of petroleum products and chemicals, today announced its earnings and results for the three and six-months ended December 31, 2011.
During the three months ended December 31, 2011, the Company reported net income of $2.9 million, or $0.33 diluted earnings per share compared to $134,000 or $0.02 diluted earnings per share, respectively for the same period a year ago. This quarter's results reflect a $3.7 million income tax benefit partially offset by a $1.2 million executive retirement and related transition expense. Excluding those two items, the Company achieved adjusted net income(1) of $373,000 for the quarter and Adjusted EBITDA(2) of $1.1 million, which non-GAAP financial measures are defined and reconciled below. These adjusted results are higher than reported net income and EBITDA(3) for the same period a year ago by $239,000, or 178%, and $142,000, or 15%, respectively.
The Company's operating results reflect the successful sales and marketing efforts that have delivered net new customer relationships and an overall 12% and 11% growth in gallons sold for the second quarter and for the first six months of this fiscal year, respectively, compared with the same period the prior year.
As previously announced, on January 12, 2012, the Company's Board of Directors declared a quarterly cash dividend of $0.01725 per share, a 15% increase from the last fiscal quarter, payable to holders of record of the Company's common stock at the close of business on February 14, 2012, to be paid on March 9, 2012.
(1,2,3) Adjusted net income, Adjusted EBITDA, and EBITDA are non-GAAP financial measures within the meaning of SEC Regulation G. See “Non-GAAP Measures and Definitions below.”
Steven R. Goldberg, Chief Executive Officer and President, commented:
"The Company's performance continued seamlessly following the executive transition that occurred during the quarter. We are pleased that our results this period included double digit increases in gallons sold and sales revenue compared with the same quarter a year ago. As a result of our bottom line performance over the past few years and our positive expectations going forward, we recognized a portion of our formerly fully reserved deferred tax asset as a $3.7 million income tax benefit during the quarter. This resulted in a significant increase in our net income and shareholders' equity as well as book value per share. Our balance sheet is strong, our earnings performance continues."
Goldberg continued,
"Another result of our positive earnings trend was our Board of Directors declaring its third quarterly common stock dividend since the end of the last fiscal year. Today's annualized dividend rate of 6.9 cents per share represents a 2% yield over our current thirty day average share price. The Board now plans to review the amount of the dividend at each quarterly meeting, to determine the appropriate action for that quarter. While there are no guarantees of future performance or common stock dividends, we continue to believe that our quarterly common stock dividend program is currently sustainable."
"Our management team is highly motivated to build on our solid performance of the last few years. We are concentrating on new initiatives to enhance profitability and drive growth, resulting in higher shareholder value. To realize these objectives, we are reviewing our cost structure and making changes to improve efficiencies and propagate best practices, increasing our sales and marketing focus to achieve greater penetration of existing markets and customers (increasing "density"), and selectively expanding into contiguous markets to leverage our nearby presence and our ERP systems."
"As we look beyond the near term, we will consider what strategic opportunities may be attractive, such as pursuing new products or following large customers into new markets. We will continue to invest in our fleet and in technology that provides us with a competitive edge. We will, however, always maintain the perspective of increasing shareholder value as the most important element with which to inform our decisions."
"In sum, we are moving forward in a way that balances reward and risk, capital investment and shareholder returns, and all stakeholder interests."
WZE - set to become a Chinese company with its acquisition of FAB (http://wizzardsoftware.com/fab.php) in the final stages.
There was a shareholder vote yesterday where a 1/12 reverse split was authorized as part of regaining compliance as well as a condition for closure of the merger. The r/s will take place on 2/22, and WZE should trade much differently after that.
Recommend doing some DD on what FAB brings to the table...of course one must wonder if it's reliable, but 2009/10/11 #'s have been audited:
In fiscal 2011, FAB generated revenues of $70.9 million with $15.3 million in earnings
So, if the acquisition of FAB is indeed completed, the "price" of the acquisition is ~50% of shares o/s at the time the merger is completed. That will amount to about 4M shares issued to FAB mgmt. Doing some quick math, you have 2011 earnings of $15.3M and ~12M shares of post-merger WZE o/s. If WZE trades at (bullishly) .20 on 2/21, then on 2/22 it'll be 2.4.
If the FAB merger were to close at that price, WZE would be a $2.40 stock with $1.28 EPS...not the cheapest China stock in our universe, but not bad considering the fairly consistent 30-40% growth rate for FAB.
I have been buying a lot of shares, but all bets are off if the FAB deal falls thru!
---------
http://biz.yahoo.com/e/120209/wze8-k.html
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
On February 8, 2012, Wizzard Software Corporation, a Colorado corporation (the "Company"), filed with the Colorado Secretary of State Articles of Amendment with respect to the 1-for-12 reverse split of the issued and outstanding shares of the Company's common stock, with all fractional shares that would otherwise result from such reverse split to be rounded up to the nearest whole share (the "Reverse Split"). The Reverse Split will be effective at the close of business on February 22, 2012.
Item 5.07 Submission of Matters to a Vote of Security Holders.
On February 8, 2012, the Company held a special meeting of its common stockholders (the "Special Meeting"). A total of 86,638,399 shares of the Company's common stock, representing 89% of the total outstanding shares and a quorum, were represented at the meeting in person or by proxy. A total of 82,228,912 (95%) of these shares were voted in favor of the proposal to amend the Company's Articles of Incorporation to effectuate the Reverse Split. A total of 4,318,990 (5%) shares voted against the proposal, with 90,497 shares abstaining and no broker non-votes. These figures represent the final voting results on the proposal submitted to a vote of the Company's common stockholders at the Special Meeting.
Yes, the vote passed! reverse will occur on 2/22.
one has to wonder how soon (or coincident with?) after 2/22 the FAB deal closes. The finish line is near, one way or another.
http://biz.yahoo.com/e/120209/wze8-k.html
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
On February 8, 2012, Wizzard Software Corporation, a Colorado corporation (the "Company"), filed with the Colorado Secretary of State Articles of Amendment with respect to the 1-for-12 reverse split of the issued and outstanding shares of the Company's common stock, with all fractional shares that would otherwise result from such reverse split to be rounded up to the nearest whole share (the "Reverse Split"). The Reverse Split will be effective at the close of business on February 22, 2012.
Item 5.07 Submission of Matters to a Vote of Security Holders.
On February 8, 2012, the Company held a special meeting of its common stockholders (the "Special Meeting"). A total of 86,638,399 shares of the Company's common stock, representing 89% of the total outstanding shares and a quorum, were represented at the meeting in person or by proxy. A total of 82,228,912 (95%) of these shares were voted in favor of the proposal to amend the Company's Articles of Incorporation to effectuate the Reverse Split. A total of 4,318,990 (5%) shares voted against the proposal, with 90,497 shares abstaining and no broker non-votes. These figures represent the final voting results on the proposal submitted to a vote of the Company's common stockholders at the Special Meeting.
ordinarily and historically, that has been the case. but i invite you to take a look at the action in CLWT and HEAT the day of their reverse. in those cases, it paid to be in before the reverse, though money was to be made either before or after.
actually i think that they're waiting for Airdye to go public so that they can monetize their investment, clearing the way for a merger of a different sort. it's all taking so long though, so i almost pay no attention.
GRVY - great job with GRVY globetrade. Heavy volume today could make for a nice week for GRVY...I loaded a fair amount today.
The social angle is nice as well.
GURE strikes "oil", well sorta
Drilling results show high concentration brine resource discovered:
http://finance.yahoo.com/news/Gulf-Resources-Provides-prnews-252641577.html?x=0
CLWT - 1 for 5.5 reverse split, and down day today after the split help to make the stock an interesting value play, plus March a catalyst month for CLWT.
Per their previous earnings PR (http://finance.yahoo.com/news/Euro-Tech-Holdings-Company-prnews-4256694910.html?x=0), CLWT is expecting a catalyst event in March, with the (hopeful) approval of its new Ballast Water Treatment System ("BWTS") for the worldwide maritime industry.
By their own words,
"The BWTS is now under vigorous testing to prepare for land and sea certification tests in America in March 2012.
Ballast water treatment is an imminent requirement by The International Maritime Organization ("IMO") to prevent the biological unbalance caused by the estimated 12 billion tons of ballast water transported across the seas by ocean-going ships when their ballast water tanks are emptied or refilled. The market potential for retrofits and new installations in these old and new ocean-going ships is enormous.
Since mid 2010, the company has been investing a lot of its resources and has recently taken part in two International conferences In Singapore and Turkey for the Ballast Water Treatment System. The company is upbeat about the potential Ballast Water Treatment business that will generate steady revenues and incomes based on orders from retrofits and new installations from ships in future.
IGC has got to be one of the best risk/return stocks that i own, especially down here in the low-mid .20's.
Bought more today, and will do the same most days that it dips below .25
LLEN pretty huge news for them, but worded in a way that isn't so obvious.
Dec. 5, 2011 /PRNewswire/ -- L & L Energy, Inc. (Nasdaq: LLEN - News) ("L&L" or the "Company"), a U.S. based company since 1995 with coal mining and distribution businesses in southwest China , announced today that its subsidiary has entered into a long term joint sales agreement with China Chengtong Metal Corporation ("CCMC") to jointly market/sell one million tons of coal in China during calendar 2012, starting in February.
DaXing- L&L ( Guizhou ) Coal Inc., a new L&L wholly owned coal subsidiary based at L&L's Hong Gou office, entered the joint sales agreement with China Chengtong Metal Tianjin Company, a wholly owned subsidiary of CCMC, a large China state owned enterprise specializing in coal and metal trading throughout the north China and inner Mongolia markets. The Tianjin company is a market oriented sales unit with strong existing coal customers and recently demonstrated substantial sales growth. The joint sales agreement will synergize both company's resources, sales network, and share geological market information forming an integrated coal supply chain to service additional customers in the growing China coal market.
The parties will work collaboratively to source and sell/market one million tons of coal (both coking and thermal coal), in calendar 2012. The sales agreement will generate approximately $150 million in revenues if fully executed, using a $150 per ton coal price.
Dickson Lee , Chairman and CEO of L&L commented, "We are very pleased to secure a strategic partner of CCMC's caliber. Their strong existing sales channels will help expand our coal business outside the Yunnan and Guizhou provinces to the rest of China . Going forward this is a strong start for our new subsidiary. We expect this agreement to result in selling 1 million tons of coal in calendar 2012, with similar revenue impact in the subsequent years to come."
SCEI - does the audit committee lack-of-findings make the co. legit? Dunno, but i like the risk/reward here. Bought a pretty good position in the 1.15 area, and willing to hold to see if traders take the 1.08 EPS and turn it into a $3 price target.
CREG - getting a nice pop on big EPS
OINK - 10Q filed; no PR yet. .29 vs .23; revenues way up.
http://www.sec.gov/Archives/edgar/data/1486299/000119380511002188/e609059_10q-tianli.htm
CNAM - heckuva play burp.
CNAM - some pretty good volume rolled in at the close due to large bidder. Will be looking to add more on Monday if it doesn't gap.
CNAM - i'm looking for an eye-opener on the revenue comp; not sure about EPS
CCCL - also took some of this one at 3 for Monday earnings. Hopefully the mkt isn't down 400 pts or something lol.
burp, re: CNAM -- i joined you in taking some. I mean, what's the downside here relative to upside. Comp looks pretty mundane too.
GRVY - I bought some for a hold 1.20's. Didn't expect such EPS, and with the cash balance and Zynga IPO coming up, GRVY has a trifecta working for it
OINK HOGS With HOGS going wild, i started to take a look at OINK for the first time in awhile. the possibilities of fraud aside, they really are hitting on all cylinders it would seem. started a position in the 1.50's.
last earnings report: http://biz.yahoo.com/prnews/110815/cn52163.html?.v=1
Great quarter, and more to come it looks like.
Posted +.01 EPS, and identified WalMart as a big new customer. LVWD is in the right place at the right time, and I'm excited about that.
http://www.liveworld.com/company/documents/LVWD_Q3_2011.pdf
ZSTN - nice news today
ZST Digital Networks, Inc. Signs Agreement to Develop City-wide GPS Tracking Platform for Zhumadian
Last update: 10/17/2011 8:00:00 AM
ZHENGZHOU, China, Oct. 17, 2011 /PRNewswire via COMTEX/ -- ZST Digital Networks, Inc. (ZSTN) ("ZST" or the "Company"), a major developer, manufacturer and supplier of digital and optical network equipment to cable system operators and provider of GPS tracking devices and support services for transport-related enterprises in China, today announced that it has entered into an agreement with the Road Transportation Department of Zhumadian, a prefecture-level city with over seven million residents in southern Henan Province, to develop a city-wide GPS tracking platform for commercial vehicles.
Under the terms of the agreement, ZST Digital will plan, design and implement a city-wide GPS tracking platform for the city's commercial vehicles. The platform will utilize ZST Digital's commercial GPS tracking technology and will link registered vehicles to the national and provincial transportation departments. In addition, ZST Digital will provide ongoing maintenance and support of the platform.
Upon completion of the project, commercial fleets operating within Zhumadian will be required to register their vehicles on the GPS platform, but will have the option to choose from various GPS equipment and service providers to provide the vehicle-installed GPS units. However, as part of the agreement with Zhumadian, ZST Digital will be designated as the "preferred vendor" for GPS products and services by the Zhumadian Road Transportation Department.
ZST Digital will be responsible for the initial platform design, employee training, hardware and installation costs, and will receive ongoing service and maintenance fees, in line with its existing contracts, from commercial enterprises that select ZST Digital as their GPS tracking and services provider. The Company expects the platform to be complete in the first quarter of 2012. Management estimates the total investment in the project will amount to RMB1.5 - 1.6 million (approximately US$236,000 - 252,000).(1) The Company believes that the agreement could generate approximately RMB58 - 84 million (approximately US$9 - 13 million) in revenue in the first year upon successful completion of the platform, and it expects to begin generating revenue from this project in the first quarter of fiscal 2012. Additionally, once the commercial vehicles are fully installed with GPS, management anticipates the Company's recurring annual revenue from Zhumadian service contracts to reach approximately RMB19 million (approximately US$3 million).
Commenting on the news, Mr. Zhong Bo, the Company's Chairman and CEO, said, "This agreement is another major step forward in the establishment of our commercial GPS offering as the market leader in Henan Province and it clearly demonstrates the widespread demand for our products and technological expertise. There are currently over 56,000 commercial vehicles operating in Zhumadian, with an average yearly growth rate of approximately 3 - 5%. We expect that the signing of this agreement and our designation as the preferred GPS products and services provider by the Zhumadian Road Transportation Department will further accelerate the growth of our GPS products and services division. As in previous, similar agreements, we believe that the potential to significantly expand our customer base in a largely untapped market more than justifies the initial capital investment involved in the development of the GPS platform.
"We are pleased by the consistently robust growth of our commercial GPS offering, and we believe that this agreement further proves that significant demand exists for our products. Moving forward, we will continue to explore additional opportunities to further expand our customer base and demonstrate the benefits of our GPS tracking products and services in Henan Province."
It's a typical knee-jerk reaction that they'll eventually regret. China stocks will re-emerge (and are in that process now), and Rodman will be nowhere to be found. There may be an underlying reason other than monetization that we don't know about...hard to say.
ZSTN - not my fave in the space by a longshot, but it is heading upward and could go quite a bit further if the shorts start to cover. Volume not impressive yet, but worth a radar.
LPH - nice move by them pulling their shelf. Seems like they're doing all they can to boost shareholder value. I'm starting to really like this one.
http://finance.yahoo.com/news/Longwei-Petroleum-Withdraws-prnews-1470013283.html?x=0&.v=1
LTHU - big news with Enersys; .025 here
Lithium Technology Corporation (“LTC”) (ticker symbol:LTHU), a global manufacturer of large format cylindrical Lithium-Ion cells and a global provider of power solutions for diverse applications, announced today that it has entered into a definitive agreement to launch a joint venture with EnerSys, Inc. (NYSE:ENS - News) in Germany to produce large format lithium-ion based cells.
VIE's - anybody have a good list of which listed china's have the VIE structure?
CVVT similar news to GURE; corporate structure verified in SA article: http://seekingalpha.com/article/294624-china-valves-technology-online-due-diligence-indicates-legitimate-structure?source=yahoo
CBP - quick perusal of earnings looks decent; outlook bright, especially for $1 stock. Not much action thus far, and some china stocks in this price range have been quite popular.
http://finance.yahoo.com/news/China-Botanic-Pharmaceutical-prnews-173043864.html?x=0&.v=1
NEP - Lebed really nailed one. Nothing else has been able to move this stock
SVM - pretty decent response. I have no idea what to believe lol
http://silvercorpmetals.com/_resources/news/PR_and_schedule_1_to_4.pdf
NEP - Lebed on this with "highest level of confidence"
http://www.lebed.biz/
VTSI - nice patent award
VirTra Systems, Inc. (PINKSHEETS: VTSI), a global leader in firearms simulators, announced today that the United States Patent and Trademark Office has issued patent No. 8,016,594 to the company. Based on the parameters of the awarded patent, VirTra is the only company in the United States that can produce or sell any device using electronic impulses to simulate consequences during simulation training.
LPH - bought some. Nice #'s on the surface; haven't deep-dived yet.
LLEN - interesting news w/ CEO, who converts his loan to the company into shares at an 8.50 conversion. It's interesting because the stock is at 3.53
http://finance.yahoo.com/news/LL-CEO-Converts-Cash-Loan-prnews-2414952057.html?x=0
rato, yes i realize it, and it's almost time to go long. slim pickins on the short side, plus overall market bearishness continues to rise. obvious frauds getting shaken out, "fraudulent" hitpiece co's getting sued, and china insiders buying back shares with money that their company's auditors can't verify being paid to them (heh). the tide will turn for our beloved china micros, just not yet.