is Loving China.. considering learning Mandarian
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My strategy doesn't change on how I buy.. only the length at which I hold. Historically FEED gaps up after a heavy down day. I aim to take advantage of that.
The only difference between a "long term" investor and a trader like me.. I take my profits out daily for the most part. On average I can out preform a long term investor any day of the week as I profit from daily volatility whether the stock trends down.. or up.
Clay don't let the peanut penny trader rile you up. I probably spend more in commissions each day then the guy has total in his account. You'll probably chuckle at that cause you know it's true. Hey.. I hit the bids all the time and I buy at the ask! I must not be a professional trader <rolls eyes>
Huh? I'm a cost average trader. I don't make ONE purchase at ONE price point. I make many.. during the day.. in order to achieve the best weighted average price I can get. I have open orders at $4.10 and $4.05 that have not filled.. and may not.
That is how a professional trader trades. What is so uncanny about that? Only amateurs make a single block buy. Your comment makes me wonder.
Here is an example..
http://investorshub.advfn.com/boards/read_msg.aspx?Message_id=38979541&txt2find=feed
Got back from the pool with my little one.. noticed my GTC on FEED for $4.15 filled.. WEEEE now have a $4.20 average!!
Hmmm 420.. maybe that is telling me something lol.
Only reason FEED is where it is now is due to $4.30 Warrants, there are also 1M worth of warrants around $2 I think but they probably have already been excised. If you keep up with FEED filings you would have seen the recent S-3 and EFFECT filing. I loaded up a bunch at $4.32 - $4.30
Omega3man,
All your bashing on EXPH when it was having to raise money to survive economic problems sure didn't help those that listened did it? .0008 - .008 is a 10 bagger any way you look at it. The longs that stuck in and averaged down are all laughing to the bank now..
BEDA could easily do the same thing once they get things moving in their favor.
FEED in $4.32
FEED Nearing $4.30 Warrant Strike Price!
He is still young.. he will figure it out one day ;)
Cost average trading, or trading for free shares, or whatever one wants to call it, is an art that only a few have the discipline to master. To most it is either black.. or white. My entire portfolio is made up of cost averaged holdings. It is the art of using your principal to it's fullest potential.
Agriculture, can't say it enough, I'm pounding the table. China government is dumping billions into agriculture related projects. Add in 33% subsidies and 5% value added tax breaks.. Ag is going to be the muscle of the China stock market in 2010 once all this stimulus is soaked up. My entire portfolio is Ag related and it has returned 6 figures since March.
Addressing nearly 3,000 lawmakers at the Second Session of the 11th National People's Congress (NPC), Wen said in his government work report that central government spending on agriculture, farmers and the rural areas would total 716.1 billion yuan (104.6 billion U.S. dollars) in 2009, a year-on-year increase of 120.6 billion yuan.
http://www.china-embassy.org/eng/xw/t540594.htm
China's agricultural machinery market is witnessing a sales surge due to the government's subsidy policy. According to official statistics, the sales revenue of China's agricultural machinery manufacturers has reached 48 billion yuan, or about 7 billion US dollars in the first quarter of 2009, up about 21 percent from one year earlier.
http://english.cri.cn/7146/2009/05/10/44s483381.htm
The Agriculture Bank of China has loaned over $6M to SIAF at 6% interest. Read the audit report.
http://www.nytimes.com/2008/01/27/business/worldbusiness/27iht-agbank.1.9524194.html
That's my focus.. sticking to it.
It's going to boil down to share structure size IMHO. Companies with larger floats that have seen sizable gains will suffer the most. The smaller floats should hold steady.
Or new suckers.. Something smells funny with this one Van. Be careful bud.
btw did you check out SIAF's audit report? Goodwill write offs took up $.12 EPS. I can't wait for 2008 and 2009 financials.. I'm expecting $.18 EPS now that one time goodwill write offs have been completed from mergers. Once they get up listed, I think things will drastically improve in the liquidity department.
working for me http://www.regalland.com/chinaagtradefair/
I wouldn't be so sure of that. The Lowes contract he has been working on will turn everything around for the company and shareholders.
Congratz guys.. you deserved it. Wishing everyone a profitable return. I knew JD could turn things around for you guys.
Depends on how soon their new projects come on line. They have a new fishery project and the JV that will start generating revenue now. I expect at least a 30% jump in revenue this year and most likely doubling by 2010. Also, EPS should improve dramatically as I do not expect a large impact from Goodwill write offs in 2009, or 2008 for that matter.
Glen, take a good look at the Consolidated Income Statement on the audited financials. Understand that the impairment on Goodwill will only happen one time. 2007 $6.7M was written off from mergers.
The Goodwill alone accounts for $.12 EPS loss in 2007. If the company generates the exact same revenue, and there is no reason to believe they won't, you are looking at $.18 EPS easy.
The key here is in understanding how Goodwill, and their subsequent write down, has impacted 2007 statements. Yes, I hold a very significant position as a result of buying stock from $.009 to $.05 per share. I pulled principal out back in the $.20's and I'm simply holding for an eventual NASDAQ listing.
Just look at the financial statements (minus one time goodwill write offs) and I think you will see why I am so bullish on the stock. 37% margins with Government subsidies in the 33% range, China Ag is a no brainer.
SIAF Weekly Chart, Audit Summary
Audit Report
http://www.fileden.com/files/2009/7/3/2497865/2.1.%20%20Consolidated%20SIAF%202007%20%20-2.pdf
Income Statement
-- Revenue of $16.2M US Dollars
-- Gross Profit of $12.2M US Dollars
-- Net Income of $3.1M US Dollars
-- $0.06 Diluted Earnings Per Share
Balance Sheet
-- Assets $62.8M US Dollars
-- Liabilities $15.7M US Dollars
-- Stockholders' Equity $47.1M US Dollars
-- $0.89 Book Value Per Share
2 X Book = $1.78
15 P/E X $.06 = $.90
If we eliminate Goodwill write offs effecting 2006-2007, and the company generates similar revenue we should be looking at near $.20 EPS.. or $3.00 per share in 2009.
YHGG is "unsolicited"
Until they find a market maker to file a Form 211 and represent them, they are no better than a Greysheet. Also, Gansu Hongxin Public Accountants co. Ltd is not a PCAOB registered firm. They could be a chop shop for all I know. Auditors must always be PCAOB registered http://www.pcaob.org
The reason SIAF sparked my interest was because the company had Madsen and Associates listed as their auditor of which I confirmed early on.
http://investorshub.advfn.com/boards/read_msg.aspx?Message_id=35435833&txt2find=madsen
They are a PCAOB firm http://www.pcaob.org/Registration/Registered_Firms_by_Location.pdf
Key things to look for when DD'ing pinks.. who is the auditor and attorney. If they have not retained legitimate professional consultation I typically ignore them. The people hired to work with the company says a lot about management. That is why I jumped all over SIAF and now hold a significant investment. You don't hire professionals unless you are looking for professional results.
I highly doubt that Rain, common man.. the 15c211 was pitiful. Looked like someone prepared it that had never done one before. I'm sure I'm not the only one that noticed that.
Isn't this technology everyone is fawning over almost 10 years old? If it is not forgive my ignorance on the matter if I'm wrong.
Not really, one is just as bad as the other and your right, I am smart enough to know that.
You need to look at rule 144 that governs this. Regulation D is an exemption from registration, it does no govern these matters per say.
Well it's hard to figure anything out since the 15c211 was so amateurishly put together. It's like trying to put a puzzle together without the edge pieces. I for one don't look to stock forums for my DD.. I like to see it in black and white.
I like the supernatural. BC.. I have an idea.. not someone with whom I would do business with again.
I have no idea what the "story" is here other than the fact they filed a 15c211 that had so many holes in it, it looked like Swiss cheese. The company purports to have all this bad ass technology but yet doesn't even have a web site?? all the WHOIS info is blocked.. Common.. do I look stupid?
Then to top it all off, there has been no news, but yet some how this stock has managed to hit the top 10 on Ihub and trade $300K plus in volume..
It sparks my interest.. because these things don't happen in "real life" and I'm mystified by the supernatural.
Exactly, so why all of a sudden so much interest?? What is different about the company today as opposed to 6 months ago?
Show you? Isn't it obvious? I can show you a pinksheet stock, with little to no information disclosed in the top 10 on Ihub and trading over $300,000 in dollar volume. If that's not a promoted stock I'll kiss your ass.
Because it takes 2 years for Reg D shares to loose complete restrictions. Look at the dates.. why all of a sudden this stock getting pumped? It has been public 2 years now. Hmmmmm.
They made it inactive. Company obviously wanted it retracted.
No, pinksheets probably removed it due to incompetence. It was missing so much info it was almost a joke.
If the float is more than 441K then it has been increased. The stock traded 10.4M shares today. I'm not a math major but the numbers don't add up. I read the 15c211, which was lacking quite a bit of info, but I got that much from it.
Shares do not have to be issued in order for there to be selling pressure. The dilution occurred when the merger happened. Two years have since passed making the shares eligible to be free trading. So you probably won't see "new" shares being added, but I imagine "old" shares are being sold.
No prob..
Just providing the info to those boards I know have people smart enough to DD the stock.
Compare it to CGA http://finance.yahoo.com/q/ks?s=CGA
Look at CGA's revenue compared to SIAF. They have been operating longer (SIAF is a start-up) and SIAF is already near similar revenue (audited mind you). Factor in subsidies and remove the goodwill write offs and SIAF will be in a better position in 2 years.
My entire focus has now shifted to China Agriculture due to the enormous amount of stimulus the China government in pouring into Ag related projects.
There is a reason they just signed a JV with one of the largest state owned AG companies in China..
ABOUT SINO AGRO FOOD, INC.
Sino Agro Food, Inc. ("SIAF") (http://www.siafchina.com) is an integrated, diversified agricultural technology and organic food company focused on developing, producing and distributing agricultural products in the Peoples Republic of China. The Company intends to focus on meeting the increasing demand of China's rising middle class for gourmet and high-quality food items. Current lines of business include the manufacture and distribution of Bio-Organic Fertilizer and Stock-Feed, as well as, fisheries, dairies, and Hylocereus Undatus plantations. SIAF's products are produced to meet the high organic quality standards of the United Kingdom. SIAF is owner of a patented process; the conversion of corn stalk into high quality feed for livestock and is the "Master Licensee" for China with exclusive right to a patented Bacterial used in converting food based agriculture produce wastes into nutritional feed products that are also applicable in the manufacturing of Bio-Organic fertilizer. The Company also holds the "Master License" for China on a modern re-circulating Aquaculture Technology "A Power RAS Technology" that has the capacity to commercially grow quality table fish and seafood free from chemical and pollution in enclosed modules on land in a system designed to promote economic sustainability and viability. Currently the Company has total employment of 520 persons of which 60 are skilled and experienced management staff.
SIAF ($.71) $.06 EPS $.89 BOOK..
2006-2007 audit out per current effort to up list..
http://finance.yahoo.com/news/Sino-Agro-Food-Inc-to-iw-4100637012.html?x=0&.v=1
Audit PR today
http://finance.yahoo.com/news/Sino-Agro-Food-Inc-Completes-iw-770165940.html?x=0&.v=1
Take a look at goodwill, write offs for mergers effected EPS. I'm expecting similar revenue for 2008-2009. Minus the goodwill write offs we could be looking at $.20 EPS or more.
$.89 book easily supports current price.
China Agriculture isn't something to sneer at guys.
Pink to NASDAQ, possible?
One company sure is looking like it and hardly anyone seems to be noticing.. but the chart supports it.
SIAF First PR on up listing..
http://finance.yahoo.com/news/Sino-Agro-Food-Inc-to-iw-4100637012.html?x=0&.v=1
SIAF Second PR on up listing..
http://finance.yahoo.com/news/Sino-Agro-Food-Inc-Completes-iw-770165940.html?x=0&.v=1
It's not the company, understand 95% of legit companies that start out pink do so because they were given bad advice by their consultants. If you look through my posting history you will see I am ANTI reverse merger for that reason.
Example..
SIAF probably paid at least $150,000 for the pinksheet shell. Then they were in for a rude awakening on Rule 144.i.
They could have went OTCBB direct from scratch for about $75-$100K without a shell.
The problem isn't the companies... it is the people they hire to consult them. I would say over 80% of the firms that help take companies public give bad advice and set the companies up for failure only to profit themselves. Wall Street has become a world filled with crooks and con men. Proof of which has been coming to light recently.
Just go google "Go public" and you'll see what I mean. Bunch of shysters out there. If you are a foreign company, or an inexperienced CEO.. you can easily get scammed.
SIAF Up listing progressing..
First PR on up listing..
http://finance.yahoo.com/news/Sino-Agro-Food-Inc-to-iw-4100637012.html?x=0&.v=1
Second PR on up listing..
http://finance.yahoo.com/news/Sino-Agro-Food-Inc-Completes-iw-770165940.html?x=0&.v=1
Barring some major environmental catastrophe, good thing about agriculture in China is that it will continue to grow and the margins will continue to be insane. I blieve I read in the report margins were 37%, add in 33% subsidies and you have a company that will be guaranteed a profit margin.
Did you read the last PR SIAF put out??
http://finance.yahoo.com/news/Sino-Agro-Food-Inc-Signs-iw-179893982.html?x=0&.v=2
There is a reason I am so heavily invested in the company. These guys will be NASDAQ, trading right along FEED before then end of next year I bet.
Notes on SIAF..
take a good look at the audit report. First, all debt is bank debt with interest rates between 6%-7%. Third take a look at the tax incentives etc..
The biggest thing most won't notice is goodwill write offs. I spoke to the CEO about this. Basicaly, they were having disagreements with the auditor over goodwill. In the end, they just decided to write it off to move forward. So the report is very conservative on land value estimates.
Do the math, remove the write offs and see what the EPS should have been. This won't be a factor in 2008-2009 IMHO. We are looking at $.20 EPS+ easy.
China agriculture... you can't beat it with Government subs up to 33%.
Notes from audit..
Note 13
All debt is bank debt.. nothing toxic
BANK BORROWINGS
There are no provisions in the group’s bank borrowings that would accelerate repayment of debt as a result of a change in credit ratings or a material adverse change in the group’s business.
Short term debtName of bankInterest rateTermSecurity20072006$$6.84%1/23/2007-1/22/2008Corporateguarantee by thirdparty1,316,132 - 6.12%1/23/2007-1/22/2008Corporateguarantee by thirdparty664,921 - 6.12%1/23/2007-1/22/2008Corporateguarantee by thirdparty294,759 - 2,275,812 - Long term debtName of bankInterest rateTermSecurity20072006$$6.75%4/29/2007-4/28/2012Corporateguarantee by thirdparty4,112,913 - Argicultural DevelopmentBank of ChinaAmountAmountArgicultural DevelopmentBank of ChinaArgicultural DevelopmentBank of ChinaArgicultural DevelopmentBank of China 3