I am updating my staus.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
RINO work with adjusted 0.78 v 0.62 !
http://finance.yahoo.com/news/RINO-International-Corp-prnews-1266342725.html?x=0&.v=1
rich
FP@WARRANTS - was irrationality intraday movements or over many days?
rich
RAMES@PUDA I can see negotiation - if there is a deal done then I don't see massive dilution. Or at least nothing that won't be compensated by the even more massive increase in earnings.
*If* the deal gets done then it will be cheap.
rich
ALL@PUDA I'm happy, let the market do it's worst
rich
Bowl your worst Hurst.... And he did... And he did.
CSP@PUDA OK I might join you if it goes that low.
Can we can all agree that these charges are not relevant?
rich
Rames@PUDA - what did you expect? They were even worse last quarter - they aren't going to go to full utilisation in a quarter. It's an improvement.... how the market sees it we'll leave it to the.
My understanding of the warrants is that the charge would go up if PPS goes up... So it penailises a company doing well.
0.19 * 4 = 0.76
P/E 10 = $7.60..
Plus reasonable expectation that demand may increase.
Plus reasonable expectation of the mine consolidation to come..
cheers
rich
Trader@Puda Yup looks a better quarter than Q2... just the warrant charge in the way..
Revenue up 17% Q/Q
Gross Profit up 49% Q/Q
Gross Margin up to 10% from 8% last Q.
Official loss 4 cents.. but
Net Income without the warrant charge...
Operating income 4,038,000
Tax at 26% 1,049,880
Income without warrant 2,988,120
Outstanding shares 15,387,110
EPS = 0.19
Looks a better quarter?
rich
GHCT FUD Updated
Updated FUDs have ** in title.
What is the technology?
The Sweedish government funded an R&D project into windpower in 1975. The Sweedish goverment gave the developed technologies to a company called "Deltawind AB"[1]. Companies can license from this entity to commercialise the technology.
'The 2-bladed wind turbine was developed by a firm called Deltawind AB (“ Deltawind ”). GC Nordic has a 10 year license with Deltawind, with opportunity for renewal, which allows them to manufacture and distribute these turbines in the Chinese markets.' [2]
Subsequent to the deal "Nordic Wind Power" bought DeltaWind AB and will, I suspect, own it's patents.
Who are Nordic Wind Power?
Nordic Wind Power is a private company which has been financed by, amoungst others, Goldman Sacs [2]. The CEO of Nordic Wind Power originally worked for Vestas a major player in Wind Power [3].
In the last quarterly report there were no earnings / Customers
The last quarterly report was for the shell company and does not describe, in any way, the form and prospects of the new company. The revenues, earnings, customers of the new company will be used to value the stock going forward.
Why the name changes?
The Visa Dorada names and similar were all due to the previous management and nothing to do with the recent mangement - see Who is JOhn L. Lennon. [6]
The GCHT changed the name of the company to "Nordic Turbines" , however, Nordic Wind Powers began to seek damanges against them. Subsequently they changed their name to GC China Turbine Corp." [4]
Why won't the company pay over $1.00 for the shares?
The share price movement has been metoric - when negotiations were done the price would have been in the $1 and change region - it opend at $1.13 on Oct 6th, the day the signed the definative agreement. It's no surprise that the institutions paid around $1, or less, for their shares.
Who is John L. Lennon?
John L. Lennon owns a number of shell companies it is claimed by others that some of these were used to defraud investors - I have not checked this information. What is clear that he is no longer involved since the reverse merger took place.
"Change in Management . As a condition to closing the Exchange Agreement and as more fully described in Item 5.02 below, Mr. John J. Lennon has resigned as the Company’s Chief Executive Officer, Chief Financial Officer, President, Secretary, Treasurer and director on the Closing Date, and Mr. Marcus Laun remains as a director....." [5]
Who is Tomas Lyrner?
Tomas Lyrner is according to GCHT press release [7] to be GCHT future Chief Engineer. Tomas Lyrner has previously worked for Nordic Wind Power according to a document found on ECN website [8]. ECN is the energy research center of the Netherlands [9]. The importance to GCHT is that he was involved with the development of the turbine and will be useful in adapting the design going forward.
** Who is Chris Walker Wadsworth
He is a director of the GCHT board [6] and a partner of the venture capatalist firm Ceyuan Ventures [11]. He owns 6.25 Million shares of GCHT [12]. Chris's father Jack is the Honorary Chairman of Morgan Stanley Asia. [13]
Best SEC Introduction to the company?
Background released an 8-K on 6th October 2009 [4]
Offical take over 8-K [6]
Stock issued to founders for cash 45,000,000 for $45,000!
What happend in 2006 during the startup of the company doesn't seem relevant but are all in the June 10-Q filing [5].
** Who is there IR Firm?
The IR for GCHT is outsourced and is probably just a bloke on the end of a telephone with a PC to answer email. The information about the IR can be found on the website [10]
Boundary Point Investor Relations, Inc.
1-888-838-8478
E-mail: info@gcchinaturbine.com
- I've checked this number and you talk to human who represents GCHT.
Where are the SEC Filings for GC China Turbine Corp?
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001380528&owner=exclude&count=40
** What are your earnings estimates?
Earnings shouldn't be an issue - from their PR of September 3rd [14], they can process the $128 Million of the intital order in 6 months. The question remains are their any follow ons to the intitial order and are there any additonal customers? If significant orders are placed the companies earnings will easily hold the current valuation $2 - 4.
** Wasn't this stock promoted?
According to this link [15] the stock was promoted by Breakaway Stocks, I haven't had proof (links greatfully accepted) but I believe that the company spent $100,000 on the campaign. It's normal for OCTB stocks to promote their stock since there is little coverage, however, it is also a method used by people to pump and dump a stock. What it does do is create volitility since people who are following the email can quickly change supply / demand balances - more sophisticated traders will take advanatge of this.
Disclaimer:
I am a private investor in GCHT, which I consider speculative, I have never accepted money from any firm to write about it and that includes GCHT. Instead of attacking individuals I think time would be better spent attacking the evidence for and against the company.
[1] http://www.nordicwindpower.com/technology/technology.html#technology2
[2] http://www.nordicwindpower.com/news/releases/NordicWindpowerfundingrelease.pdf
[3] http://www.nordicwindpower.com/news/releases/NordicCarboneRelease031809.pdf
[4] http://www.sec.gov/Archives/edgar/data/1380528/000114420409051727/v162166_8k.htm
[5] http://www.sec.gov/Archives/edgar/data/1380528/000114420409043579/v157686_10q.htm
[6] http://www.sec.gov/Archives/edgar/data/1380528/000114420409056757/v164649_8k.htm
[7] http://finance.yahoo.com/news/GC-China-Turbine-Corp-Signs-iw-542176813.html?x=0&.v=1
[8] http://www.ecn.nl/docs/library/report/2001/c01059.pdf
[9] http://www.ecn.nl/en/
[10] http://www.gcchinaturbine.com/contact/contact-inquiry.aspx
[11] http://en.ceyuan.com/
[12] http://www.sec.gov/Archives/edgar/data/1380528/000120919109051524/xslF345X03/c92163_4x0.xml
[13] http://www.frbsf.org/banking/asiasource/events/2007/0706/biographies.html
[14] http://finance.yahoo.com/news/Nordic-Turbines-Announces-iw-715859269.html?x=0&.v=2
[15]
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_G/threadview?m=tm&bn=95435&tid=90&mid=90&tof=50&frt=2
Link that shows Jack Wadsworth is father of Chris....
http://www.frbsf.org/banking/asiasource/events/2007/0706/biographies.html
rich
Chad@GCHT - FanPaw was saying that there were 7 million shares unaccounted for in the merger. So, assuming that these are held by the previous owners - your saying that they are selling them into this run?
Very interesting, someones earning their 100K.
rich
Bradford@GCHT - Marvellous - I understsand your reasons cheers..
rich
bradford@GHCT - when you say you think it's a scam - what's the reasoning?
- The fact that they used a promtor?
- Anything else?
rich
CKGT - I haven't noted it down... So not seen an announcement.
rich
China’s Dubious Growth Rate Warrants Caution
http://www.futurestrading.com/featured-article/chinas-dubious-growth-rate-warrants-caution.html
And other bundles of laughs...
rich
GREG - it's got 1 het conversion device going. I guess I was wondering what the chances of more being done? Suppose that's what everyone thinks?
God I'm lazy.
rich
GCHT - the only way to be sure is buy if they make a new order. If they think they can clear $128 Million order in 5 - 6 months then the capacity is in order (see cut out from press release below).
From my understanding 50 of the order requires planning permission (or Chinese equiv) to be put up.. The other thing is *initial* order... so they are expecting other orders...
I would say... speculative as it stands... if they get the orders in it's a solid buy.
From press release 3rd Sept..
Management has determined using current production capacity information based on their latest production runs in their facility in Wuhan, China, that the Company has the capability to produce an average of thirty (30) wind turbines per month. This new production capacity will now allow the Company to fulfil its initial orders of 150 wind turbines, worth in excess of US$ 128 million, in the next five to six months.
rich
(whose holding)
Talked to IR about Quarterly release:
I wondered if they might have delay caused by recent merger.
As far as IR know it should be out on time - I got added to an email list so I'll know when released.
rich
BSPM skipper they were better than Q2 Even if the market decides to see it another way in the short term.
rich
BSPM: Numbers would have been great if they didn't spend money on advertising. Spending on advertising is a wise for the long term. If people want to sell let them... the results were good.
rich
BSPM Trader - I just noticed in PR (and changed my posting - very big brother).. cash is for raw materials..
Cash increased Q/Q ... a good thing?
On November 6, 2009, Biostar announced the closing of a private placement financing of approximately $3.6 million with certain accredited investors. The "Make Good" target associated with this financing is measured by income from operations of $15.9 million for 2009, and $21.1 million for 2010. The Company will use the net proceeds for the completion of the Company's new raw materials processing facility.
rich
BSPM I hope the darn thing goes down. Likewise.
rich
BSPM Res
Rev up 17% Q/Q - OK
Gross Profit up 23% Q/Q - OK
Margin up from 74 to 77% - OK
Operating expenses up 84% Q/Q
.............3Q.....9 Months of 09
Advertising $2.4M... $3.0M
Sales Com ..$1.3M....$2.0M
Travel......$0.3M....$0.4M
So, an increase in Sales commisions and travel will be ongoing. However, in the 9 months they have done $3M advertising of which $2.4 was this quarter. So, if they kept the advertising campaign to normal rate, obviously a false economy, they would have had an extra $2.1M pretax ($2.4 - $0.3 given spent $0.6 for first half of year) - somewhere around $0.20 after tax (not tax expert ).
The bottom line could be better but, IMO, they made the right long term decision which is to market aggressively. They are opening new outlets, there are changes in the health system and the fact that farmers are going to have more money to spend and you want to make sure some of that money ends up at BSPM.
Cash increased over the quarter up 26% Q/Q - OK
Receivables increased by sales rate up 17% - OK
DSO Q3 104 - Hmmm
DSO for Q2 104
DSO for Q1 169 - Awful
DSO for 9 months 134 - Bad
DSO in Q1 - Claim it was due to economic slowdown and less collection effort during New year.
Acquistion Strategy:
"The merger and acquisition strategic plan of Aoxing Pharmaceutical contemplates the acquisition of four or five pharmaceutical manufacturers and one medical supplement company over the next five-year period."
Cash required for raw products - see PR.
Conclusion
Great results that needed marketing expenses that will benefit further down the line. Only metric of worry I can find is DSO.
rich
CNOA - you have to allow for seasonality - it makes sense if you think of it that most of the produce becomes available in autumn... and Chinese new years is the other big time... So A3 & Q4 are the big ones...
CNOA also seems to have a habbit of selling off even when the Y/Y were good as in Q2 & Q1...
Given we've seen so much strength in Green fertilizers this year... I'm thinking there's going to be a lot more produce to trade... We'll see.
rich
FP@ECSC Yup, Nice big peg they put in, clearly they got cold feet by having a basket of currencies when dollar weakened
Seen people saying for and aginst a strengthening... but in line with most here I believe it's unsustainable at this level.
rich
ksviking12 email to Hans for those who haven't seen it:
If interested, Hans e-mailed me back promptly on my three questions.
Q:Hans, hope all is well. Can you tell me if CNOA plans to file on time for Q3? Also, will you conduct a conference call for Q3? Lastly, do you expect that CNOA will begin to communicate more to the public once the settlement of class action case is finalized?
A (Hans):
- Q3 is scheduled on Nov 16th.
- I don’t think there will be conference call for Q3.
- Yes, we will communicate more.
Thanks
Hans
http://messages.finance.yahoo.com/Business_%26_Finance/Investments/Stocks_%28A_to_Z%29/Stocks_C/threadview?bn=76901&tid=12236&mid=12256
@FP I've only seen his hands... I've supersized the photo using Cntrl + on browser and disappointingly, he hasn't got manicured hands. If I was paying 7 million I think I would want someone with manicured hands.
Chands hands...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=43423466
rich
BSPM GM rise marginally - from selling more of the Hep B drug?
I was also wondering if the cash flow might improve? I was thinking that they are now selling more stuff without going through the hospitals.
Hospitals are notoriously bad payers - and if they are now doing more business through their outlets they might get the cash quicker?
I'm assuming that they own the outlets so, they stock the drugs i.e. hold the inventory... they get the cash from the customers immediately. Course, if there's a distributor involved all bets are off - though I can't believe they are going to be any worse than the Hospitals.
rich
FP - Yup, the 7 million ending up in preveious owners pockets would have been my guess. Wall Street makes it's bread and butter out of ripping off companies.
Funny thing is they could make their own shells quickly and cheaply and reverse into them, according to Mr Sykes... and he seems knowledgable about it all.
rich
Has anyone seen a filing about them being able to sell or excise some warrants or something from 9th Nov onwards?
If I can find one it might be useful to work out how long buying opp will last...
rich
"Issuance of Equity" section of Berkshire's 1982 letter - reminder posted on SBAY board - (posted by throwrw, think)
http://www.berkshirehathaway.com/letters/1982.html
rich
FEED I don't deny that Jo... staying well away, but, once the hog prices come back won't the earnings come back too?
When I last looked (3 months ago) Hog prices seemed to be affected by the flu... - people buying less pork - which is irrational reaaction to swine flu.
Hence at some point rationality and earnings will come back. People forget. In UK people started to buy beef even though it was not known at the time the likelihood of it killing you. Pensioners figured it's going to take 20 years for mad cow to kill and I'll be dead by then anyway.
Pork ain't even going to kill you
rich
FEED - Could it be a good turn around play - once hog prices return? I'm guessing margins have been crushed.
rich
Coal - appreciated Drex eom
FP, so taking it from the top...
There were X number of shares that were present in the previous company.
They cancelled Y amount.
They Announced that they had Z number of shares.
But X - Y does not equal Z? By 7.7 million?
So, X - Y - 7.7 M = Z
Just so I'm on the same page as you...
rich
Steel & Coal - I was wondering if all the cars that china is building would have a signfincant affect on demand for coal?
rich
FX RMB Cheers.... IB is a quote system I'm guessing?
SIHI Unlocked shares began selling yesterday.
Thanks Solarity, got me out from that... might get some cheap shares over the next days /weeks? Anyone, looking1?
I'm thinking potentially 8 million shares potentially... yesterdays volume was 150K so probably didn't even sell 100K
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=42879841
rich
RMB Thanks tenenbaum how do I look those contracts?
rich
Why aren't there more Buffetts, sigh? Very clear reading.
rich
FT article Oct 29 Why the renminbi has to rise to address imbalances
- It's been pegged at 6.82 (whatever the offical line is)
- Dollar & Yan decline causing imbalances with rest of world
http://www.ft.com/cms/s/0/fd4b4852-c4db-11de-8d54-00144feab49a.html?nclick_check=1
My comments:
I cheked today and it's 6.82 exchange - and for the last few months.
Here's my favourite graph... hits 6.8 then no change...
http://finance.yahoo.com/q/bc?s=USDCNY=X&t=2y&l=on&z=m&q=l&c=
It does seem to be causing problems and it will be interesting to see what happens - It's a reasonable scenario to see the Yuan strengthen.
- In the past they kept buying dollars but given the likely continued dollar weakness is this sustainable? At the moment they are buying short term bonds and whinging... but as long as they keep buying it doesn't matter what they say.
rich