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RCH - China Architectural Engineering Announces New Projects Worth $50 Million in Dubai
Company Will Build Enclosures for Stations, Entranceways, Walkways, Bridges and Parking Lots on What Will Be the World's Longest Fully Automated Transit Line
ZHUHAI, China & LOS ANGELES--(BUSINESS WIRE)--China Architectural Engineering, Inc. (CAE) (AMEX:RCH - News), a leader in the design, engineering, fabrication and installation of high-end curtain wall systems, today announced that it has signed a contract worth approximately $50 million to build external envelopes for stations on the Red Line of the Dubai Metro System. The Company also announced that it expects to be awarded contracts in the range of $80-$100 million for auxiliary structures on the same transit line.
Under the signed contract, CAE will design, engineer, fabricate and install external envelopes for 8 out of 23 Red Line stations. Under the pending contract, it will build external envelopes, including entranceways, walkways, bridges and parking lots, for associated facilities of the Red Line, including passenger walkways and bridges. When completed, the Dubai Metro system will be the longest fully automated rail system in the world. The Red Line is the first of the system’s four lines.
Work on both Dubai projects is expected to be finished by the second quarter of 2009. Revenue from them will be recognized in the last three quarters of 2008 and the first two quarters of 2009.
China Architectural Engineering Chairman and CEO Ken Y. Luo commented, “The Dubai Metro project promises to be our largest effort yet outside China, with potential revenue far beyond that of the initial contract. As a major step forward in CAE’s Middle East expansion strategy; it will serve as an announcement of CAE’s arrival in one of the largest construction markets in the world. Also, this project is only for the first stage of the Dubai Metro System. CAE has a long-term commitment to the Middle East and foresees significant future demand for construction projects from Dubai and other cities and countries in this region. We are in the process of setting up a subsidiary in Dubai this year to capture this significant demand.”
The Dubai Metro project is the flagship project of the RTA (Road and Transport Authority – Dubai) with investments for the first phase alone totaling over $4.2 billion. It will be the first system of its kind in the Middle East. The goals of the Dubai Metro System are to provide an alternative mode of transport to ease congestion, save traveling time and reduce pollution; thereby improving environmental quality and mobility within the city in order to accommodate Dubai’s rapid growth. The Dubai Metro System utilizes state-of-the-art technology and engineering expertise. Its visibility throughout the city also will make a prominent architectural showpiece.
http://biz.yahoo.com/bw/080318/20080318006445.html?.v=1
ETNL news:
Eternal Image Again Reduces Its Authorized Stock - This Time by More Than One Billion Shares - as Part of Significant Stock Restructuring Business Wire "US Press Releases "
FARMINGTON HILLS, Mich.--(BUSINESS WIRE)--
Eternal Image, Inc. (OTC:ETNL.PK), a public company engaged in the design, manufacturing and marketing of licensed brand image funerary products such as caskets, urns, monuments and vaults, today announced it has reduced its authorized share count by 1,050,000,000 to bring the total authorized shares down to 750,000,000, dramatically reducing Common Available stock to only 555,000,000 shares.
"We are actively preparing our company for trading on the OTCBB," said James Parliament, CFO, Eternal Image. "Continuing to streamline our stock structure is an important step in this process. Further significant reductions in both common and preferred stock are possible, contingent upon future market conditions.
"It is a very active and exciting time for us," he added. "We have also received our first round of comments from the SEC on our SB-2 registration application and are in the process of responding."
The 1,050,000,000 reduction in the authorized share count reduces the authorized share count to 750,000,000 shares, of which 195,000,000 is preferred voting stock.
The new share structure will be:
Total Authorized (Number from Transfer Agent) 750,000,000
--------------------------------------------------- ------------------
Preferred 195,000,000
--------------------------------------------------- ------------------
Common Available (Total Authorized MINUS Preferred) 555,000,000
--------------------------------------------------- ------------------
Common Outstanding (Number from Transfer Agent) 287,428,012
--------------------------------------------------- ------------------
Restricted Common Shares
(Number from Transfer Agent) 101,943,919
--------------------------------------------------- ------------------
Float 185,484,093
--------------------------------------------------- ------------------
Treasury 267,571,988
--------------------------------------------------- ------------------
About Eternal Image
Eternal Image, founded in 2002, is headquartered in Farmington Hills, MI. The company is the first and only manufacturer and marketer of licensed brand image funerary products. Currently, the company offers urns and caskets that feature licensed images from Major League Baseball(TM) STAR TREK(TM), Precious Moments(TM), the Vatican Library Collection(TM) and Collegiate Licensing Corporation (TM) as well as pet urns featuring the American Kennel Club(TM) and Cat Fanciers' Association (TM). For more information about EI, visit www.eternalimage.net or call 1-888-6-CASKET.
SAFE HARBOR STATEMENT
Statements in this news release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1993 and Section 21E of the Securities Exchange Act of 1934.
Forward-looking information is inherently subject t
well, almost pulled the trigger looking for a 50 bagger, but then I realized not one in the same...that's the trouble in pennies when u need to act fast, sometimes don't look close enuff! DOH
not really - companies often just make abbreviations in a PR so they don't have to spell out the whole company name all the time - just happened this time that the abbreviation was same as ticker...
that isn't the same ECIN ttoon....thats just the short form they are using for the company Extended Care Information Network, Inc
not the same ECIN FYI
TIK - PR is out - remember, usually around 50% gainers on these releases..has popped 110% (although unlikely given size).....
Tel-Instrument Announces $10 Million Contract Modification
http://biz.yahoo.com/bw/080229/20080229005612.html?.v=1
appreciate blue...try to bring what I can - not always right, but on a fundamental or momo basis, often know where to be and what stocks deserve to move. The big boards are usually my friend where penny world is usually yours. Keep up the good work.
TIK - keep an eye on this in the morning - very low float with an additional $10m contract announced today (not PR'ed). Prior contract announcements popped it around 50% (one spiked 110%) - usually following day to 2 weeks after announcement).
Actually was weak off initial pop perhaps because of confusion of contract terms - modified how? Decreased size, additional or what??
Tel Instrument Electronics Corp., Carlstadt, N.J., is being awarded a $10,000,000 firm-fixed-price modification to a previously awarded indefinite-delivery/indefinite-quantity contract (N68335-05-D-0014) for the production of up to 450 air and shipboard/Identification Friend or Foe communication/navigation radio frequency avionics testers for the U.S. Navy. Work will be performed in Carlstadt, N.J., and is expected to be completed in Jan. 2012. Contract funds will not expire at the end of the current fiscal year. The Naval Air Systems Command Aircraft Division, Lakehurst, N.J., is the contracting activity.
http://www.defenselink.mil/contracts/contract.aspx?contractid=3717
But based on last quarterly, its clear this is above and beyond the initial 17m contract that was back in 2005.
http://www.telinstrument.com/news.php?page=News&newsid=57
As stated here in the quarterly:
The Navy has options for up to 750 AN/USM-708 units which, if exercised, would add about $14 million to Tel's backlog and to projected revenues over a several year period. The Company has also responded to a solicitation to the Navy to possibly purchase up to 450 additional units on a sole source basis. Given the unique nature of the design, this unit could also generate significant sales to other military customers, both domestically and overseas.
Essentially few people got into the stock at lower prices on initial discovery of contract, so should be little downside - any volume or official PR release should send this up fast.
ATC...thats why I added that note about forward looking...I think Q2 will be similar to Q1 given the winter so far (also as pointed out in the PR today)
The company attributes the strong results to the introduction of new products (over 80 in the past 12 months); a focus on a reduction of costs, (as realized with the investments made in a new ERP system in October of 2006), and the amount, breath and frequency of snow in the Snow Belt.
So I see possibly 0.2 for the first 6 months of fiscal, then the 'weak' summer, which they point out will be stronger than average, then back to the hot December Q...I would almost guarantee they do at least 0.30 eps for this fiscal, and 0.40 would not surprise me at all...they really hint at that in their earnings. I think this will be a repeat of 2004, and they then were trading $4-6 the whole year.
ATC (2.20 and worth $5-6) - Very nice looking growth play here totally under radar - 6.6m O/S and 3.8m float. Just reported 11c eps for Q ending December and given the weather so far this year and new product growth, could see similar numbers next q as well. It has traditionally been a seasonally based company slacking off in the summer, but they have been expanding to reduce this problem (golf cart accessories, motorcycles & mowers for example) and have great margins while running at max capacity. See clip below:
Looking ahead to the next three quarters of fiscal 2008 we project strong overall growth in revenues as new products, new markets, re- establishing our dominance in the markets that we already serve, and effective marketing initiatives continue to be the focus of management and the entire Company. With new opportunities unfolding in the golf car OEM utility vehicles and golf cars, the lawn and garden industry, the UTV, or Side-by-Side, market, our contract manufacturing segment, and even our mainstay ATV market, management projects double-digit growth for revenues. The company anticipates gross profits will remain steady in the 35% to 40% of revenue range as profitability is maintained through pricing adjustments and production costs and synergies are maintained or improved upon. We project selling, general and administrative expenses during the remainder of fiscal 2008 to be 20-25% of total revenue as we continue our focus on cost reduction initiatives, launching new products and maximizing the efficiencies the recently implemented new accounting and manufacturing software provides us, all while maintaining a consistent level of administrative support.
With their best Q ever and trends for 2008, I could see them exceeding 2004 earnings of 0.34c when the price traded between $4-6. I would anticipate given the above statement, they could see close to $18-20m in revenue (they did 20.7 in 2004), which would translate to 7-8m gross profit, 2.5-4m operating income, 1.6m to 2.6m net (up to 0.40 eps)...currently trading forward PE of 5, where industry average is 17 (taking out the high and low PE of the sector).
Pretty much unknown, but fundamentally sound looking forward.
ATC - Very nice looking growth play here totally under radar - 6.6m O/S and 3.8m float. Just reported 11c eps for Q ending December and given the weather so far this year and new product growth, could see similar numbers next q as well. It has traditionally been a seasonally based company slacking off in the summer, but they have been expanding to reduce this problem (golf cart accessories, motorcycles & mowers for example) and have great margins while running at max capacity. See clip below:
Looking ahead to the next three quarters of fiscal 2008 we project strong overall growth in revenues as new products, new markets, re- establishing our dominance in the markets that we already serve, and effective marketing initiatives continue to be the focus of management and the entire Company. With new opportunities unfolding in the golf car OEM utility vehicles and golf cars, the lawn and garden industry, the UTV, or Side-by-Side, market, our contract manufacturing segment, and even our mainstay ATV market, management projects double-digit growth for revenues. The company anticipates gross profits will remain steady in the 35% to 40% of revenue range as profitability is maintained through pricing adjustments and production costs and synergies are maintained or improved upon. We project selling, general and administrative expenses during the remainder of fiscal 2008 to be 20-25% of total revenue as we continue our focus on cost reduction initiatives, launching new products and maximizing the efficiencies the recently implemented new accounting and manufacturing software provides us, all while maintaining a consistent level of administrative support.
With their best Q ever and trends for 2008, I could see them exceeding 2004 earnings of 0.34c when the price traded between $4-6. I would anticipate given the above statement, they could see close to $18-20m in revenue (they did 20.7 in 2004), which would translate to 7-8m gross profit, 2.5-4m operating income, 1.6m to 2.6m net (up to 0.40 eps)...currently trading forward PE of 5, where industry average is 17 (taking out the high and low PE of the sector).
Pretty much unknown, but fundamentally sound looking forward.
CTIB...looking for official PR after exclusive min 3.5 year deal announced yesterday with SC Johnson & Son...private company with over 7billion in sales. With only 2.5m O/S, deal could mean stupid EPS..float just over a million, so very volatile, but prior spikes show what it can do. Apparently office was closed yesterday due to snow (up to 6"), so possible today or tomorrow for official pr...
CTIB...looking for official PR after exclusive min 3.5 year deal announced yesterday with SC Johnson & Son...private company with over 7billion in sales. With only 2.5m O/S, deal could mean stupid EPS..float just over a million, so very volatile, but prior spikes show what it can do. Apparently office was closed yesterday due to snow (up to 6"), so possible today or tomorrow for official pr...
MMTE - chart bottom/oil play with some news today...only 65 million outstanding and worth keeping an eye on.
As part of its low risk strategy, Mammoth Energy is currently working to develop shallow gas wells in Northeastern Oklahoma, where a well is completed nearly every time a well is drilled (companies in the area have had a 100% success rate on over 300 wells drilled).
http://biz.yahoo.com/iw/080110/0346807.html
Well, the theory is if you buy 100 shares, you will have 20 million shares after the fact....while the 'fair' split would be 0.000000075, the penny market only trades as low as 0.0001....SO, does that mean you can sell at 0.0001....$20k??? lol
$20 isn't exactly big $ to throw at it and see what happens - I've thrown $20 at worse crap many times!
spabd...160million deal just announced near bottom of chart after reverse split...
SPACEHAB Signs Mini Mass Spectrometer Licensing Agreement with Praemittias Group, Inc.
http://biz.yahoo.com/bw/071212/20071212005693.html?.v=1
MVBY...0.26 more interest today and picking up volume - alerted few days ago at bottom
MVBY - watch for continuation off reversal - alerted 17 yesterday
yah...some nice ones fer sure...good work
mvby chart
MVBY...nice reversal high of 25 from 14, close 23. Last month it bounced from 0.095 to 0.85...certainly a double or triple possible from here - expect much more volume tomorrow
MVBY...nice reversal high of 25 from 14, close 23. Last month it bounced from 0.095 to 0.85...certainly a double or triple possible from here - expect much more volume tomorrow
MVBY hit 25...should be nice move tomorrow off reversal
MVBY...@ 24, 70% bounce...last time around, almost 10 bagged off the low...should be good for multi day move
MVBY 20/24 22 prints - 57% bounce...just the beginning
MVBY 18/19 now 36% bounce...chart good for triple+
MVBY...18's now starting to peel off...nice bottom bouncer
MVBY - bottom buy here +-....run last month from these levels was almost a 10 bagger.
FMDAD...only 587k O/S...knocked down hard after the reverse split, probably some shorts, and they are throwing out news...wicked combination that can produce penny like moves...high risk though on micro shares
NWD $1.10 China play may bust loose here - less than 5PE on what should be about 23c earnings for the year. Ran for a double at same levels last time China was hot and I certainly can see another go at it. Fair value is actually $4, so limited downside!
got a bad feeling....
I realized my calculations were done on PST but the contest is EST, so I should have put down 6:05 instead of 3:05.....thats gonna be real close I think...that'll learn me!
DOH
WAG 12-03-2007 @ 3:00 PM
CNWT Cistera Networks Broadens Sales Channel By Joining New Cisco Partnership Network
http://biz.yahoo.com/bw/071127/20071127005338.html?.v=1
Key piece of news to their growth story - not a trade by any means - a definitely long term play, but I'm starting to see the acceleration in revenues finally, and expect significant growth in the next few quarters with the Sylantro application being the key. The world is finally catching up to their technology.
Dats what I'm looking for...thanks!
Current post number? Where can you find it now that the front page has been overhauled?
TATTF - reports $3.98 net income off sale of stock gain - about a 3PE pace here, even without the gain, its only a 13PE where industry average is 18-24
TATTF - hidden gem expecting a good $10 rise in the next month or two. Was just majority acquired at essentially $20 per share, expects before tax gain of 26 million this Q on top of operation earnings (likely will report eom), and going at an annual operations pace of $1.37 eps (or PE of 11.4 where industry average is 18-24. Last November earnings was huge and set off a 130% price increase:
http://chart.finance.yahoo.com/c/1y/t/tattf
Can certainly see $25-30 by January, especially given the fact that they now have over $100 million in share value from their LIMC stake.
Low floater, but fair value much higher IMH
MDNO up 900%..should be $1 and there were games going on...posted letter from management about it here:
http://investorshub.advfn.com/boards/read_msg.asp?message_id=24289988
MDNO...up 757% on nothing - could set up as mother of all squeezes if people started hitting it. It went through name change and should have opened at $1, but OS was sold at 0.02 while shareholders were waiting for their shares.
Read correspondence from management....
The mandatory exchange on October 16 of 1,000 MODR common shares for one new common share (MDNO) reduced the float in the common shares by 99.9%. In other words the entire issue of 1.2 billion MODR shares was reduced to 1.2 million MDNO shares, of which we estimate about 400,000 shares were available in the public float. In addition, shareholders received for every MODR share 100 Series B preferred shares (which have yet to receive a symbol). The preferred shares will be convertible at the rate of 100,000 preferred to 1 common upon payment of $1.00 per common share. Converting preferred shares is not required by shareholders, but it may become economically advantageous to convert as the company progresses in its business plan and the stock rises above $1.00.
This restructuring should allow us to achieve a higher price through greater visibility with potential investors and more trading interest on the Frankfurt Stock Exchange. We also wanted to give our current shareholders a larger stake in the company via the preferred shares.
The new common shares (MDNO) should have opened at $1.00 per share, but during the period of Oct. 17 - 26, an unknown entity (perhaps a market maker) sold for a few cents per share nearly the entire 1,200,000 outstanding shares of MDNO. We know this could not have occurred from current shareholders selling their shares because shareholders just began to receive their MDNO shares in their accounts on October 29, after more than one million shares had traded over the previous four trading days. We think these sales may have been naked short sales. After shareholders actually received their shares on October 30, they sold collectively only 3,000 shares in the past two days, which gives you an idea of the small selling interest.
Assuming that the unknown sellers will have to cover the short sales through "buy-ins", this short squeeze could result in the stock rising much higher than the $1 per share benchmark as they scramble to buy back the shares sold short. It is very possible that there were significantly more shares sold than exist in the MDNO public float.
Also, when the Series B Preferred shares start trading, all MODR shareholders should have 100,000 times as many preferred as common shares. Thus, even at the lowest price possible for the preferred shares of $0.0001, this could give other options for capitalizing on this unique corporate event.