Farm the turd -- beat the herd
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$HERB - Angel Star Nutrition Approved by CNCA for Milk Powder Import
https://finance.yahoo.com/news/angel-star-nutrition-approved-cnca-160212770.html
Pumper alert
Weeeee
$SGOC timmmbbbeerrrr.....SGOCO Group, Ltd. Announces 2014 Interim Financial Results
HONG KONG, Dec. 19, 2014 /PRNewswire/ -- SGOCO Group, Ltd. (Nasdaq: SGOC) ("SGOCO" or the "Company"), a company focused on product design, distribution and brand development in display products, today announced its unaudited operating results for the six months ended June 30, 2014. The Company also announced that it would report interim results on a half-year basis in the future.
2014 Interim Results Overview
The interim results of SGOCO were adversely impacted by the significant increase in competition and weak industrial growth in the Chinese display industry.
Interim revenues decreased 70.0% to $34.1 million in the first half of the year ("1H"), as compared to $113.8 million year-over-year.
Gross profit dropped 80.5% year-on-year to $1.7 million in the 1H 2014, from $8.9 million in the same period of 2013.
Net loss decreased to $1.6 million in 1H 2014 as compared to $5.1 million of net income year-over-year.
Basic and diluted loss per share was $0.09 in the 1H 2014, as compared to basic and diluted earnings per share of $0.30 in the 1H 2013.
Revenue
SGOCO's revenue decreased year-over-year in the first half year on weak industrial growth. SGOCO's main products are Flat panel monitors. As a result of the slow demand of Personal Computers in general and the increased demand for mobile devices, SGOCO's sales in the display market dropped significantly. This change of users' behavior has led to the contraction of the traditional display market and increased price competition from the Company's peers which resulted in significant decreases in the 1H 2014 gross margins and revenues. The total revenues decreased by 70.0% to $34.1 million when compared with the 1H 2013.
Gross margin
In 1H 2014, the gross profit of the Company decreased 80.5% to $1.7 million from $8.9 million year-over-year. The overall gross margin for the 1H 2014 was 5.1%, as compared with 7.9% during the same period of 2013.
Operating loss and expenses
The Company recorded a $1.9 million operating loss in the 1H 2014, as compared to $6.7 million operating income in the 1H 2013. Operating expenses in 1H 2014 increased 65.4% to $3.7 million, compared to $2.2 million in the first six months of 2013. A significant part of the increase in operating expenses is due to the issuance of ordinary shares to the independent directors and certain employees. In January 2014, a total of 160,000 ordinary shares were issued to SGOCO's independent directors and specific employees and vested immediately. The fair value of each share was $3.36 on the grant day and as a result, the Company recorded $537,600 in non-cash compensation expenses. In addition, the general administration expenses in SGOCO's Hong Kong office increased due to the relocation and expansion of our Hong Kong office since late 2013, whereas no such expenses arose in 1H 2013.
Net loss and loss per share
The Company's net loss for 1H 2014 was $1.6 million, which changed 132.2% from a net income position of $5.1 million year-over-year. The net margin experienced a loss of 4.8% in the 1H of 2014, as compared to 4.5% net profit margin during the same period of 2013. Basic and diluted loss per share was $0.09 in the 1H of 2014 based on 17,397,082 weighted average number of common shares, as compared to basic and diluted earnings per share of $0.30 based on 17,130,888 weighted average number of common shares for the 1H 2013.
Cash and working capital
SGOCO held $1.1 million cash and cash equivalents at June 30, 2014, compared to $13.4 million as of December 31, 2013. Working capital decreased to $85.9 million from $87.6 million at the end of December 31, 2013. Increasing costs of products and the Company's significant losses are the major causes for the drop in cash flow.
SGOCO's Outlook
In the future, we expect SGOCO to face a continuing difficult battle in the industry. In order to improve the revenue and profit, SGOCO is working hard to turn the business focus and explore more new products in the coming months. SGOCO management is also considering further restructuring of its business model, including the potential sale of the Company's trading arm in Fujian Province, China.
Reverse split...
$CCCL possible reverse spit..heads up for low float scamtastic northward explosion.
Reverse split..low float pumpers moving in.
GURE - $3.80 break, 10 bux is next.
Termination of BUYBACK, not buyout. If they don't want shares down here, neither do I...will be watching closely for a BUYOUT however as it has been mentioned before in company filings.
Weeeee...
fast forward to 0:40
Nail in the coffin, where's the door? http://investorshub.advfn.com/boards/read_msg.aspx?message_id=108867269
$XNY heads up, new low floater...reeks of desperation.
https://finance.yahoo.com/news/china-xiniya-fashion-limited-announces-090000774.html
Perfect, haha
lmao
No clue
70-80hrs a week...little time left for scams these days.
10 bux, got it
Target?
Nice call!
Load up YUII for the MOASS
$MOLG unbiased synopsis here: http://www.fscomeau.com/mol-global-ipo/
Same here, nice find.
lmao
First to go will be the low floater turds of course. Nibbling more CLWT and KONE, taste of feces is prevalent...
This vid posted just a few weeks ago to a new PACT youtube acct:
Lebed curse.
Got to diversify bro
I've been to their "office" in person...I can see why you didn't reach anyone. I'll leave it at that.
Chinese Chicken Train (is terrible).
I love that one!