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rato, re: OINK
Part of me is refreshed that someone doesn't necessarily LOVE low-float, high profit stocks...but that's only part of me. The rest of me searches for these kind of stocks, happy to get in low and watch it get "found". I acknowledge your point about institutions, but these little stocks don't need them; they need hedgies, trading firms, and individual traders/investors.
In fact, if you look at the RCON chart for its entire duration, you'll notice that it didn't take very long after the IPO for it to double. And that's the scenario for OINK. Great growth, great EPS, hot sector, small float, cheap in comparison to popular peer. I don't intend to fall in love with OINK, although I do love bacon!
OINK vs. HOGS: HOGS EPS out; .35 for the quarter. OINK's .26. Let's see, HOGS EPS is 33% higher than OINK's, but OINK is priced about 250% lower than HOGS despite OINK having stronger growth rates. My guess is OINK goes hog-wild at some point to meet HOGS.
$4.5M contract w/ China Railway
BEIJING, Aug. 9 /PRNewswire-Asial/ -- Wowjoint Holdings Limited ("Wowjoint," or the "Company") (Nasdaq: BWOW, BWOWU, BWOWW), a leading provider of customized heavy duty lifting and carrying machinery used in large scale infrastructure projects such as railway, highway and bridge construction, today announced it has signed two contracts with China Railway Construction Company ("CRCC") totaling approximately $4.5 million. One contract, valued at approximately $2.1 million, is a service agreement providing for monthly payments pursuant to which Wowjoint will operate CRCC-owned lifting and/or carrying machinery to be used in a high-speed railway construction project. The second contract, valued at approximately $2.4 million, also provides for monthly payments with respect to the lease and operation of a special-purpose lifting and/or carrying machine for use in a separate CRCC high-speed railway construction project.
Mr. Yabin Liu, Chief Executive Officer of Wowjoint, stated: "We are pleased to announce these contracts with China Railway Construction Company. Our entry into these equipment leasing and service contracts further diversifies Wowjoint's revenue stream and provides the Company with recurring revenues. Combined with the recently announced equipment lease agreement with China Railway Group, this brings the value of contracts announced since July 29th to $6.7 million. Given the benefits of such contracts to Wowjoint, we intend to pursue additional equipment leasing and equipment operating service agreements in the future."
Took good-sized position in this hogger for two reasons: 1) their growth, while perhaps not sustainable, is excellent, and 2) despite that they have traded down from their $6 IPO price down below $4. Stock seems a lot cheaper than its older cousin HOGS.
WUHAN CITY, CHINA--(Marketwire - 07/29/10) - Tianli Agritech, Inc. (NASDAQ:OINK - News), a leading hog producing company headquartered in Wuhan, China, announced today that preliminary results for the second quarter ended June 30, 2010 indicate that revenue increased 88% to $5.4 million from $2.9 million recorded in the second quarter of 2009.
Net income in the quarter rose 148% to $2.1 million from $0.9 million in the comparable 2009 period. Revenue for the first six months of 2010 increased 65% to $9.9 million, as compared to revenue of $6.0 million of the first six months of 2009, and net income was $3.8 million, up 84% from the 2009 level. The company said that earnings per share, based on the 8,125,000 common shares outstanding as of June 30, 2010, were $0.26 for the second quarter and $0.47 for the first six months of 2010.
Tianli's chief executive officer, Ms. Hanying Li, said, "We are pleased with the increased sales in both our breeder and meat hogs, which resulted in greater revenues. We were able to sell more hogs because we expanded the number of farms we operate and thus have greater capacity than last year. Our net income grew even more quickly than our revenues because we sold a higher percentage of our more profitable breeder hogs than meat hogs and because we have seen success in our cost containment efforts."
These results and the earnings per share do not reflect the impact of the issuance of 2,000,000 shares of the company's common stock resulting from its recent initial public offering, which was completed on July 20, 2010.
OINK Started a goodly position here in the low 3.70's. Risk/reward fantastic considering the circumstances ($6 IPO, low shares out, nice EPS, priced favorably to FEED and HOGS)
china ags continue to push, led by CAGC. CGA/YONG/SEED participating to some extent.
r59 - that's a solid perspective for a macro view, but I'm noticing some followthru in various stuff that we follow, like listed china ag stocks and listed stocks in general w/ great earnings. Notice that my fave .OBs are not really participating yet.
Agree that caution is in order, but there's money to be made on the swings finally (as opposed to just scalping).
rato, re: YONG; The sector is in favor right now; I picked up some CGA today because the YONG chart looks a bit overbought, but you're right that it could go parabolic.
ONP - agree Glen. I am encouraged by the boots-on-the-ground research report that was put out recently, but equally dismayed by the suspension of research by Roth.
Today's PR served as a return salvo from the company, and a pretty darned good one. At the very least I would expect to see some short covering. Sounds like a trade to me; don't know about longer-term yet.
ONP engages Deloitte and Loeb to combat allegations....good move! Might cause some short-covering in advance of findings.
BAODING, China, Aug. 3 /PRNewswire-Asia-FirstCall/ -- Orient Paper, Inc. (AMEX:ONP.a - News) ("Orient Paper" or the "Company"), a leading manufacturer and distributor of diversified paper products in Hebei, China, today announced that the international law firm engaged by the Company's Board of Directors to conduct an independent investigation into the issues raised by Muddy Waters LLC, Loeb & Loeb LLP, has retained Deloitte & Touche Financial Advisory Services Limited ("Deloitte") to assist it.
Deloitte will provide support to Loeb & Loeb, which is working with the Company's audit committee, in connection with the independent review of the accounting aspects of the issues raised and the investigation of the relevant financial transactions and customer relationships.
"We are pleased that Loeb has retained Deloitte, which has outstanding capabilities, to support the full investigation of these issues," said Mr. Drew Bernstein, Chairman of Orient Paper's Audit Committee.
CNAM nice spurt; ONP lagging as usual.
$2.2M Contract w/ China Railway
BEIJING, July 29 /PRNewswire-Asia / -- Wowjoint Holdings Limited ("Wowjoint," or the "Company") (Nasdaq: BWOW, BWOWU, BWOWW), a leading provider of customized heavy duty lifting and carrying machinery used in large scale infrastructure projects such as railway, highway and bridge construction, today announced it has signed a one year lease agreement with China Railway Group providing for payments valued at approximately $2.2 million USD with respect to the lease of a tyre trolley by China Railway Group. The lease terms include an up-front payment of approximately $400,000 plus monthly payments of approximately $150,000 USD for a period of 12 months. China Railway has the option to purchase the equipment at residual value at the end of the lease.
Mr. Yabin Liu, Chief Executive Officer of Wowjoint, stated: "We are pleased to announce this lease agreement with China Railway Group and believe it provides a solution to stimulate sales while meeting customer demands. Although expansion into the leasing business requires Wowjoint to finance construction of the equipment, we believe this structure will provide our Company with a recurring and more predictable revenue stream. We believe we will be able to secure bank financing to cover the majority of the carrying costs. In addition, we expect to structure future leases with a buy-out clause."
ONP - grabbed some; results looked pretty good
No, I sold for a small gain some time ago. I may jump back in if India gets hot again
I must say, that's not something you see every day.
They would PR the purchase because a CEO buying shares on the open market is a material event. Management isn't concerned about "getting the seller out", because they have 3 businesses to operate. If they get those businesses profitable, then the rest will take care of itself.
I'm modestly impressed with the CEO's open market purchase. They should PR it.
bob - and they're picking a reverse ratio that STILL won't get them to uplist status (at current prices)
large seller thru E*trade is gone apparently. Hopefully that'll lift the lid. Very nice to see the high volume. I know I'm going to regret not backing up the truck at .239, although it's about 3/4 full at .249
Tim, I remember reading a PR or filing that stated that the reverse split was in support of their eventual strategy of uplisting. Very odd to only do a 2:1 in such a scenario, so I am not sure I believe them.
Nice find on the directors. Very strange.
OT Shengli,
I have been holding CYDI for a few years, from the .08 area, and I have long decided that I'm going to let the gambling operation play out, one way or another. Either i'll get 0.0 for my shares, or something over .10
Started a position .25; wonder what the heck is going on w/ the selling, and I wonder when the company is going to step in and buy some shares.
I'm not overly confident with this one, but I agree that there are some good assets here. Worth a crack at a quarter I think.
CNAM - Started a position 4.12. Should be one to bounce powerfully, but not overly confident that I have picked the bottom.
There was some selling pressure on the warrants prior to the uplist, and it has continued. Only problem is that the bids aren't there to absorb it. I'm about ready to buy some more once I see some signs that the motivated seller(s) are done.
You're correct. The stock attempted to "do what it's supposed to do in an uplist situation", but in the end it has been pressured along with all other China stocks. Everything was perfect with this setup, and it hasn't worked out thus far, but the game aint over yet.
I see it as good news, especially the limit on share escrow release unless the share price reaches .11
Making a lot of progress in finally getting where we need to go, and in a way i'm excited that they are going to remain a viable trading entity that can try an RTO all over again. Part of me had hoped for a near-term exit strategy, but i've been in for a couple years already and am in no rush to exit.
Nobody knows about this stock, so even when there's good news, it tends to go unnoticed. There's a lot of potential here, but certainly no guarantees that we'll ever see it come to fruition.
TORONTO, May 6, 2010 (GLOBE NEWSWIRE) -- Carthew Bay Technologies Inc. (OTCBB:CWBYF - News) (the "Company") is pleased to announce that today shareholders overwhelmingly approved the conversion of the Company's debt investment in Colorep Inc. into various equity securities of Colorep and cash payments.
Mr. Michael Liik, the Chairman, President and Chief Executive Officer of the Company, stated that "the approval of the Colorep transaction is a significant step forward for Carthew Bay". As a result of this transaction, Carthew Bay will have cash on hand, a near-term liquid asset in Colorep securities, and significant tax losses. This will provide Carthew Bay with a unique opportunity to develop and build a new strategy and company. The management of Carthew Bay currently anticipates that Carthew Bay will continue as on ongoing public investment company, possibly seeking a Canadian listing.
The Company is also pleased to announce that it has formed an Advisory Board. The members of the Advisory Board are Messers. Jiri Nor, Atul Sabharwal and Michael Stein.
Mr. Nor is the founder and former President and Chief Executive Office of the Company and is a professional mechanical and aeronautical Engineer. He is an inventor/developer of alkaline fuel cell technology, as well as an entrepreneur who has started and successfully grown two previous companies. He founded Sonotek, an electronics company involved in ground and satellite instrumentation, and Norvik, an inventor of fast battery-charging technology.
Mr. Atul Sabharwal serves as ACME Group Inc.'s Chief Operating Officer. His history with ACME has been at both the strategic and operational level. He currently serves on the boards of ACME's various operating companies and focuses exclusively on finding technologies that are of relevance to underdeveloped regions of the world that ACME can socially profit from. Mr. Sabharwal has previously worked at AOL, IBM, PricewaterhouseCoopers, and The Boston Consulting Group. He received an MBA from the Australian Graduate School of Management and was the only graduate selected to attend the Wharton School of Business to complete his MBA.
Mr. Stein is the President of Michael Stein and Associates Inc., a financial advisory firm that specializes in corporate financings, acquisitions, divestitures and re-organizations. Formerly a senior officer and director of several public and private corporations, a director of U.S. money markets for a federally chartered trust company, and a senior institutional money manager for a California based savings and loan company.
As a result of matters related to the appointments to the Advisory Board, the Company's management information circular and proxy ("Meeting Materials") prepared in connection with the annual meeting of shareholders currently scheduled to be held on June 1, 2010 (the "AGM") will have to be revised. Unfortunately, the Meeting Materials had already been finalized and sent to the Company's transfer agent for distribution to its shareholders. As a result of these necessary revisions to the Meeting Materials, the AGM will have to be postponed. It is now expected that the AGM will be held on or about Wednesday, July 28, 2010. The Company will make a definitive announcement in respect of the new meeting date within the next few days.
The Company also announces that its Chief Executive Officer and Chief Financial Officer have today agreed to amend their success fee arrangement in connection with the approval of the transaction with Colorep. As a result, 1/3 of the 21,776,632 common shares in the capital of the Company which were to be released from escrow today to the Chief Executive Officer and Chief Financial Officer of the Company (as more fully described in the management information circular prepared in connection with the special meeting of shareholders of the Company held today) will continue to be held in escrow until such time when, over a period a 5 consecutive business days, the simple average of the closing prices of the Company's shares on the principal stock exchange or stock quotation system on which such stock trades is equal to or greater than U.S. $0.11c. However, if the shares remaining in escrow are not released on or before May 6, 2015 they shall be surrendered to the Company and cancelled.
F-1 filed; looks like everything is registered.
http://sec.gov/Archives/edgar/data/1429360/000114420410024004/v182911_f1.htm
nsom, re: BWOW/BWOWW - with a forward PE in the low single-digits, a gov't still spending bucks on heavy construction infrastructure, a recent contract win in the U.S., and BWOW being the only player in their niche, I'd say that the future is pretty exciting.
The warrants have some non-trivial intrinsic here (common ~7.25; warrants 1.75 with a $5 strike).
these guys have done it right from day 1. let's hope the crescendo of an uplist with a cool set of tickers rewards all.
BWOWW even more! :^)
WJHCF/WJHWF Uplist May 5
BEIJING, May 3 /PRNewswire-Asia/ -- Wowjoint Holdings Limited ("Wowjoint," or the "Company") (OTC Bulletin Board: WJHCF, WJHWF, WJHUF), a leading provider of customized heavy duty lifting and carrying machinery used in large scale infrastructure projects such as railway, highway and bridge construction, today announced that the Company received approval by NASDAQ's Listing Qualifications Department to list its ordinary shares, warrants, and units on the NASDAQ Global Market. Effective May 5, 2010 the Company's ordinary shares, warrants, and units will commence trading on the NASDAQ Global Market under the ticker symbols BWOW, BWOWW, and BWOWU, respectively.
Announcing the acceptance for listing upon the NASDAQ Global Market, Chairman and CEO Mr. Yabin Liu stated, "Approval for listing on the NASDAQ Global Market provides valuable affirmation of Wowjoint's strong operating performance and financial condition, as well as our market leadership position relative to opportunities presented by China's rapid infrastructure development. Uplisting to NASDAQ will benefit our investors by enhancing our position in the financial markets, providing increased trading liquidity and increasing awareness among investors of the Company's significant growth potential."
WJHCF/WJHWF Uplist May 5
BEIJING, May 3 /PRNewswire-Asia/ -- Wowjoint Holdings Limited ("Wowjoint," or the "Company") (OTC Bulletin Board: WJHCF, WJHWF, WJHUF), a leading provider of customized heavy duty lifting and carrying machinery used in large scale infrastructure projects such as railway, highway and bridge construction, today announced that the Company received approval by NASDAQ's Listing Qualifications Department to list its ordinary shares, warrants, and units on the NASDAQ Global Market. Effective May 5, 2010 the Company's ordinary shares, warrants, and units will commence trading on the NASDAQ Global Market under the ticker symbols BWOW, BWOWW, and BWOWU, respectively.
Announcing the acceptance for listing upon the NASDAQ Global Market, Chairman and CEO Mr. Yabin Liu stated, "Approval for listing on the NASDAQ Global Market provides valuable affirmation of Wowjoint's strong operating performance and financial condition, as well as our market leadership position relative to opportunities presented by China's rapid infrastructure development. Uplisting to NASDAQ will benefit our investors by enhancing our position in the financial markets, providing increased trading liquidity and increasing awareness among investors of the Company's significant growth potential."
Warrants gathering quite a bit of intrinsic value here. There's quite a bit of liquidity on the sell-side, so it'll be interesting to see what happens when the uplist occurs. Heavy warrant volume today.
Jo, re: Wowjoint - there are certainly fundamental reasons to justify the common heading north of $10, in a China smallcap bull market, and there are stock-related reasons for it to go higher than that (e.g. low float, nice story, other legacy stocks doing it (CAGC, AUTC, etc.))...so the potential is there, but who knows...it could just as easily go down to $5.
The warrants should prove to be worthwhile in the bullish scenario...strike = $5
lmcat, re: WJHCF -- you're right in saying that the volume was light, but that's because of the relatively high price and wide spread. Liquidity will be better once listed, but indeed the stock is thin and is therefore subject to wild swings.
I have no position in the common, and instead have a large position in the warrants. For leverage, I find those to be the better play.
WJHCF/WJHWF Uplist impending per filing: http://sec.gov/Archives/edgar/data/1429360/000114420410023094/v182750_8a12b.htm
WJHCF Uplist impending per filing: http://sec.gov/Archives/edgar/data/1429360/000114420410023094/v182750_8a12b.htm
Wowjoint is the only Chinese stock in their space that does what they do, which may or may not play into the stock's ultimate popularity.
I have much wilder dreams than $8...think AUTC/AUTCW.
Yeah, that's probably a pipe dream, but who knows. Wowjoint really is the ONLY chinese stock in its space, so it could get rewarded for that, or ignored.
This stock has a lot of potential if the overall market holds up. Could be a fun one heading into Summer. Will be nice to see the additional liquidity.