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added to my NKBS today also it is my pick 6 earnings out on the 10th chart looks like it is holding the 2.40 level even though they said they would miss yearly by .10 they still gave guidance of .30 (end of 2nd paragraph) for the year... cash in bank.. hasnt moved the the rest of the market if they come in with a good Q. and people are happy this will really move..
Wilshire Texas Partners Raises $23.4 Million
Texas Capco Funding Received
NEW YORK, July 27 /PRNewswire-FirstCall/ -- Newtek Business Services, Inc. (Nasdaq: NKBS) (http://www.newtekbusinessservices.com), a direct distributor to the small to medium-sized business market, today announced that it's Texas based certified capital company recently concluded a debt offering and raised $23.4 million in certified capital.
Newtek's Capco, Wilshire Texas Partners I, raised a total of $23.4 million which results in $12.0 million in new cash net of expenses and defeasance of the debt. Newtek estimates that through this program and its anticipated results from the upcoming fifth New York State Capco program, it will raise between $15 million and $17 million in new cash this year, or approximately $0.44 to $0.50 in cash per share. This number does not include cash flow from its three core operating businesses.
Barry Sloane, Chairman and CEO of Newtek Business Services, said, "We are extraordinarily pleased at the opportunity to participate in the Texas Capco program and are looking at very attractive opportunities to fund Texas-based businesses with the $12 million in cash. We were disappointed with the reduced allocation due to excess demand from competitors, despite the fact that we applied for the maximum amount of credits by submitting $200 million in irrevocable funding commitments. We believe that the effect of this lower than expected allocation in Texas and its impact on expected earnings of the Texas-based tax credits in the fourth quarter of 2005 may reduce our non-cash income and cause us to miss our 2005 earnings guidance by as much as $0.10 per share. However, even with this reduction, we would still expect earnings of $0.30 per share for calendar year 2005."
Mr. Sloane continued, "Our three primary business lines, SBA lending, merchant processing and web hosting, are all doing extremely well and we anticipate will all be profitable for the second quarter and the remainder of the year. This will be a first time event for the company and we anticipate this trend to continue. We also anticipate meeting street expectations of $0.10 in earnings for the second quarter, to be formerly announced on August 10th 2005. Despite the decrease in Capco activity which will result in a reduction in non-cash income, we are building tremendous shareholder value in our underlying core businesses which are growing quickly. We anticipate that our future will be driven by our non-Capco revenues and business model. These non-Capco, cash revenues have grown from $14 million in 2003 to $34 million in 2004 and are anticipated to be in excess of $60 million in 2005, whereas the non-cash Capco revenue and earnings are declining due to increased competition and reduced levels of state participation in calendar year 2006. We believe that our business model, which anticipates our move from non-cash to cash revenue and from Capco to non-Capco business activity, is producing attractive, rapid growth and enabling us to create increasing net cash flow. Our strategic alliance partners and our clients, which now total over 50,000, have demonstrated their support for our products and services with new business and referrals. We believe we have a great future and are proud of our accomplishments."
About Newtek Business Services, Inc.
Last quarter report for NKBS notice the guidance dont know if it will happen but the PPS reflects the worse...
NEW YORK, May 12, 2005 /PRNewswire-FirstCall via COMTEX/ -- Newtek Business Services, Inc. (Nasdaq: NKBS, http://www.newtekbusinessservices.com), a direct distributor of financial and business products to the small to medium-sized business market, today announced its first quarter loss of $(0.08) per share on revenues of $13.1 million.
Barry Sloane, Chairman and CEO of Newtek Business Services, Inc., said, "Our plan to establish Newtek as the premier provider of business and financial services to the small to medium-sized business market is on track and continues to pick up momentum. We are confirming our 2005 guidance of $0.39 to $0.40 of EPS along with anticipated revenues of $100 million, despite a modest loss for the first quarter."
Both revenue and earnings projections for 2005 would be record numbers for the company and significant increases over 2004. Out of 20 quarters of reporting as a public company, Newtek has had 8 quarters of pre-tax net losses. We believe this is attributable primarily to our financial position in the certified capital company business which creates uneven and non- sequential revenue recognition.
Newtek has grown its annualized revenues and pre-tax earnings from 2001 to 2004 by 198% and 1067% respectively. Newtek also increased shareholders equity from $9 million at the end of 2000 to $75 million at March 31, 2005 (unaudited), a 733% increase. Mr. Sloane continued "We have had tremendous growth in our merchant services business, despite the first quarter being seasonally weak, of approximately 13% revenue growth during the quarter. We also exceeded our initial projections in the web hosting business, adding an average of over 1,000 new clients per month net of attrition, and earning approximately $943,000 of pre-tax net income (unaudited) for the quarter in the segment."
Mr. Sloane concluded by noting "Newtek has evolved and will continue to evolve over time into a special, cutting edge organization focusing on the 'crown jewel' of the U.S. economy: the small to medium-sized business owner. We will not lose our focus or our mission as we navigate the company through many difficult but exiting challenges
Future Boosh but not yet Bought somemore NKBS with the recent runup in stock prices NKBS is one of the few that has not moved and still has some real value still left in it ...Low volume but should change soon when people find it..
Bought somemore NKBS with the recent runup in stock prices NKBS is one of the few that has not moved and still has some real value still left in it ...Low volume but should change soon when people find it..
CESV thanks bob for bringing this on up just bought in I remembered too that the CEO news cast letter had it in their letter her is what they said
China Energy Savings Technology, Inc. (NASDAQ: CESV), a leading provider of energy management products in China, continues to announce significant contracts with many of the largest companies in China. Last week, the company said it signed a three-year agreement, expected to generate revenue of $24.6 million, with the Shenzhen Branch of the largest Chinese property management company, China Overseas Property Services Limited, to provide energy savings equipment to up to 250 residential dwellings managed by the property company. The company will begin to receive revenue upon installation of the equipment at each location. Under the agreement, CESV will receive 70% of the energy savings, while China Overseas will get 30% of the electricity savings. The company previously entered into agreements with the Zhuhai Municipal Street Lights Administration and entered into a $36 million Letter of Intent with Wuhan City to provide energy management products. Still, the stock trades for just 13 times trailing 12-month earnings, and 8 times expected earnings for its fiscal year ending September 30, 2005. With demand for energy saving products the strongest during its current quarter, as it is the summer season in China, we believe the company could exceed its announced 2005 fiscal year guidance of $1.10 per share. The stock ended the week at $9.08, up 11 cents.
this contest is pretty cool.thanks sskillz1
EGY is my 2nd largest hold right now and it looks like the boosh has started today not to late on this value oil and gas thriller low pe ...cash in bank... and news of new well coming on anyday now... I think earnings are out soon too... if they come together with good news we will be a killer thriller and filler of pennys in our pocket.
checkmate28 I should have read your post beforE I put my 2 cents in...That is why I am ONE BIG SHEEP BAAA
Once a fovorite here EZEN anyone still there just bought in this morning looks like it is breaking out of the flat line it has been in.
Thanks EP for BIPH eom
ASPN I went all out and sold the last of my shares today wow what a ride, I have learned take the profit while you have it hope all the best I will get back in if and when she drops a little Hope all the best for everyone and it goes to 10...Char is playing a little catch-up ... what about FPPC could be Next?
bought a few more on this breakout @ 3 eom
hom is a value play that I just bought 2k @ 1.62 and I hope it booshes but yes has had problems in the past but this time may be different..market up--- home builders up--- HOM up???
ELTK makeing another run this time will it hold? eom
BIPH bought another 1500 today its about my # 4 holding right now, and the chips are starting to fall into place with this company when it catches fire it will be good, I think it will take a little longer than most people think, will hold for a long time for the future looks bright, it just might explode with a few more contracts like the one with bsx
Live In Play
18-Jul-05
08:48 VPHM ViroPharma target upped to $15 from $7 at Piper Jaffray (9.87 )
"Piper Jaffray raises their target to $15 from $7, saying that prior to 2Q results they are taking this opportunity to revise estimates. Firm notes they had previously used a "worst-case" scenario, but given the recent appreciation in the stock, they believe that publication of a more realistic Vancocin sales and expense trajectory may help investors better understand the potential valuation upside from current levels. Firm raises their Vancocin sales estimates to $29.3m from $24.0m in 2Q05, to $102.3m from $79.7m in 2005, to $125.5m from $87.9m in 2006, and to $139.8m from $100.0m in 2007. Firm changes their EPS ests to $0.05 from $0.15 in 2Q05, to $0.48 from $0.24 in 2005, and to $0.68 from $0.25 in 2006. Reits Outperform."
Now thats what I call a great post keep it up EP you help many people and we greatly appreciate it
ELTK up .36 now looking good on the break out thanks HWEB for this one
ELTK UP .36 on huge volume eom
thank you checkmate I too bought when it was brought to the board and I have added today guess I bought hweb's shares Like you I am hopeing for the best looks good so far...I dont want to fight with that volume someboday is putting big bucks to work on an undervalued company..IMHO
ELTK boooshing--- resistance broken yesterday @ 2.00--- huge volume today--- take a looky see
ELTK huge volume out of the gate resistance broken yesterday at 2.oo
WOW LEN your unbelievable I love it this is really going to prove interesting as the weeks roll by thanks
your a great poster EP dont take things personaly what others do with the infor you give It is their choice what THEY do, they pull the trigger in and out.Keep up the good work and thanks for shareing with those of us that dont have alot of time.
bought more biph myself this morning will hold till 4 at least
whai moving on up eom
I was just going to pst the same thing looks like a new leg up ...just bought more at 3.55
My six picks are vphm eltk egy char nkbs whai
MSGI has been talking about PPHM for a long time so I thought I buy a few ...bought in premarket @ 1.18
Just bought just a few PPHM in premarket thanks
VPHM seems to be ready for another booosh
VPHM seems to be cutting loose from its hold
YEEHAAA BSIC had 8k @ 1.30 just sold out avg. 2.oo
got it going thanks eom
Is your ameritrade streamer working the morning mine seems to have a problem is it my computer or ameritrade?
OK that was easy for you, just bought in 3k @ 1.30, short term only thank you
I have pdge on my screen everyday owned it in the past and have done good with I think 2 short term trades I believe little pdge will rock one day but not tomorrow allthought may be next week "soon"
where here already just dont like the barrons thing untill they get done I wont invest
does anybody know what has happened to THK been dropping for a long time? Mr. Bobwins liked this one for a long time are you still there? Its down pretty low for a profitable internet company I dont know alot about the company just follow it a little.
ASPN has been slowly moving up may be time to get on board if your not ...Drilling report for the summer should and can hit the news anyday I think if a good report comes in we can see 4 in a heartbeat..