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SOKF
Current Price: $4.10
52-Week Range: $0.10-$4.45
EPS: (2010) 0.55* (2011) 0.98*
P/E: (2010) 7.5x (2011) 4.2x
PEG: 0.20*
Price Objective: $12.74.
* Based on C.O.P. fully-diluted estimates.
Hi Bogus,
SOKO it's definetely one of my favorite chinese small caps.
The company's growth rates are great:
And If you add a gross margin of 68% and a net margin of 43% this company looks even better.
And don't forget an inside ownership of 41% .
I love their business model and the way they cross sell their services and products.
I do believe we will see 8 this year, however to get to 12, IMHO we would need an uplist.
Volume is to low, and even with growth rates above 60% investors are only attracted to the stock during the earnings season, and tend to forget the stock soon after.
Take care.
Fantástico Rato!
Thanks for sharing.
Take care.
CSGH another sell off day for this one...
WTF, am I missing something?
This drop is surely related to the article posted by Rick Pearson on Thestreet.com http://www.thestreet.com/story/10705710/3/fuqi-fall-highlights-risk-in-china-small-caps.html
Nothing has changed, but this guy has an agenda and he's reloading, while scared investors sell their shares cheap.
Check this:
China's Sun Balance Sheet it's very good...
- Current Ratio 6.12
- Debt Equity Ratio 7%
- 11.66M Cash
- 1.66M Receivables (this tend to be an issue if it's higher than the cash position, which it's not the case with CSGH)
- 0,38 Inventory.
As for income, the revenue was 32.9% year-over-year, and the net income 12% YoY
The company has a gross margin of 34% and a net margin of 20%.
It has an inside ownership of 48%, which is definetely a plus, and a PER of 8.
Even without taking on account the impact of the fosfate lithium batteries business, which is the main catalyst for China Sun's future growth, this company is still undervalued, so why are people selling?
Because of Pearce's article?
Because of the absence of news related to the tests that 21 costumers are doing to the company's fosfate lithiun batteries?
Either way, if people sell because of any of the above reasons they shouldn't invest in stocks anyway. No one should invest in stocks without doing some personal DD.
Be patient and remember what Jesse Livermore said :
"It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight!"
As for Pearson, here's a little recap:
- In October last year he wrote: "There is clearly tremendous upside to this stock. The difficulty now is how to quantify that upside. China Sun's current valuation really only reflects its past business, not the new finished battery business."
-In the movie report he made in January while visiting the company and meeting the management he said quite a few times:"You are buying a lithium battery player by the price of a cobalt battery manufacturer"
- And now he writes "Another stock in which I'm on the sidelines is China Sun Group(CSGH.OB). At some point in time the company will hopefully announce new contracts for its lithium iron phosphate batteries and the stock will likely jump 20% to 30% that day. I have resigned myself to missing that ump and buying in on day two after the contracts are announced and provided that enough detail is disclosed."
No credit should be given to this guy.
Only gullible investors would let Pearson influence them.
Take care.
CSGH on the other hand, I was thinking that maybe this Pearson bastard knows something about the release of some news about the battery tests soon, and now he want's to bash the stock so he can reload.
He knows the management so it wouldn't be difficult for him to know when they intend to issue a PR on the matter.
Sorry, I'm just pissed of and probably thinking to much.LOL
CSGH Pearson - um grande filho da puta, nao eh?
I couldn't put it better! LOL
Um abraço Rato
CSGH He sure didn't look like someone who would wait on the sidelines when he made the video.
If I recall he said a few times "The opportunity to buy a lithium battery player by the price of a cobalt battery manufacturer" Please correct me if I'm wrong, but I believe it was something like that.
I mean, I also tend to loose a bit of entusiasm with the stocks in my portfolio when they seem like deadmoney, but then again, I didn't visit the companies in china or had jasmin tea with the management...
JMHO
CSGH I believe this article is one of the reasons why the stock it's beeing hit today:
Another stock in which I'm on the sidelines is China Sun Group(CSGH.OB). At some point in time the company will hopefully announce new contracts for its lithium iron phosphate batteries and the stock will likely jump 20% to 30% that day. I have resigned myself to missing that ump and buying in on day two after the contracts are announced and provided that enough detail is disclosed.
http://www.thestreet.com/story/10705710/3/fuqi-fall-highlights-risk-in-china-small-caps.html
And the Oscar for the stock in my portfolio which pisses me off the most, goes to: CSGH LOL
SGAS Any thoughts?
The balance is really bad, however it could be a good stock to play the NG industry in China.
LMAO!
SGZH Any of you guys spoke with the company in the past weeks?
TSTC it's definetely a stock not suitable for weak hands.
It's extremely volatile during the intraday.
The problem is that half the people who bought TSTC don't have a clue about what they're buiyng and why...
I wonder what the guys who just sold at 16.79 are thinking right now.
TSTC having a bad start...
LLEN +14% PM Please allow me just to do this once: WEEEEEEEEEEEEEEEEEEEEEEEEEE! and Double WEEEEEEEEEEEEEEEEEEEEEEE!!!!
LLEN It would be great if SGZH follows the trend.
NEP Here we go!
Back to 10 in no time.
LLEN is showing some weakness for the past sessions.
Even today when all the coal players are up, LLEN it's down...Even SCOK it's up (can somebody stop this stock?)
AR: Yes, but it is an improvement in what was a big issue for shareholders. The cash position last Q was awful.
If we take this into account it was't that bad: "We managed to remain profitable with a solid 28% net profit margin and grew 22% in terms of revenues even though we deferred an additional $4.8 million in revenues and respective potential profits to 2010. We improved our accounts receivables situation by collecting substantial amount of cash in Q4 2009 and Q1 2010, and by utilizing working capital strategies to offset receivables and payables with certain customers and licensors and to acquire licenses while minimizing cash outflow and cash usage. We have benefited from a liquidity perspective and reduced our credit risk and exposure. "
However I'm exoecting a sell of in the nest sessions.
I still believe this company will have a good 2010 and that will be worth much more than it is today.
Good luck
TSTC fully agree.
Inside ownership is definetely a plus, beside I don't believe they will announce any offering untill the stock reach the 30 +.
I don't have a problem with dilution if it's meant to finance business expansion, in spite of prefering much more when companies use credit.However chinese companies seem to have a problem with that.
I believe we might have some interesting news in the near future.
Take care.
Oi Rato, tudo bem com você?
Unfortunely I haven't listen. :(
Any highlights you believe are worth sharing?
TSTC Anyone has listen to their presentation at Roth?
What a bad day for LLEN so far...
Excelent Burp!
LMAO!
CHNG 4Q Results
Revenues increased 18% versus 18.40M to 21.67M in 4Q 2008 (this increase was due to the opening of more stations and the increase in the business of residential and commercial natural gas).
Sales of natural gas increased by 6% versus 15.25M to 16.10M in 4Q 2008.
Sales of gasoline increased by 69% to 1.94M versus 1.15M in 4Q 2008.
Revenues from services increased 81% to 3.63M versus 2M in 4Q 2008.
In 4Q revenue mix was as follows:
Sale of natural gas: 74%
Installation and services: 17%
Gasoline: 9%
Gross profit in 4Q grew 11% to 10.53M versus 9.49M for the same period last year due to increased revenues from natural gas marketing and revenue from the services(change of conventional vehicles to LPG vehicles)
Gross margin decreased to 49% versus 52% in 4Q 2008 due to rising prices of raw materials.
The net income was 5.68M versus 4.26M in 4Q of 2008 resulting in an EPS of 0.26 versus 0.30 in 4Q 2008.
The highlights for the results of FY 2009 are:
- 20% increase in revenues.
- The Gross profit increased 23% to 40.16M
- Net income of 20.21M or an EPS of 1.20 (Non-GAAP)
This gives a PER of 8.81 which is quite attractive. Xinao Gas Holdings Limited (PER 26), the China Oil and Gas Group Limited (PER 51) and Towngas China Company Limited (PER 29) have an average PER of 35.
For CHNG to have a PER of 17 (let's be conservative and consider half of the average PER of the competition) would have to trade at $ 21.
This estimate is very conservative because it doesn’t take into account some catalysts that will have an extreme importance in the future growth of the company:
- LNG facilities.
- Partnership with China National Petroleum Company (CNPC) to build service stations for natural gas.
-The natural gas consumption is growing at an average of 20% per year in China.
Today the company will hold a Conference Call before the market opens and we may have some indication about the CHNG prospects for 2010 and 2011.
CHNG 4Q Results
Revenues increased 18% versus 18.40M to 21.67M in 4Q 2008 (this increase was due to the opening of more stations and the increase in the business of residential and commercial natural gas).
Sales of natural gas increased by 6% versus 15.25M to 16.10M in 4Q 2008.
Sales of gasoline increased by 69% to 1.94M versus 1.15M in 4Q 2008.
Revenues from services increased 81% to 3.63M versus 2M in 4Q 2008.
In 4Q revenue mix was as follows:
Sale of natural gas: 74%
Installation and services: 17%
Gasoline: 9%
Gross profit in 4Q grew 11% to 10.53M versus 9.49M for the same period last year due to increased revenues from natural gas marketing and revenue from the services(change of conventional vehicles to LPG vehicles)
Gross margin decreased to 49% versus 52% in 4Q 2008 due to rising prices of raw materials.
The net income was 5.68M versus 4.26M in 4Q of 2008 resulting in an EPS of 0.26 versus 0.30 in 4Q 2008.
The highlights for the results of FY 2009 are:
- 20% increase in revenues.
- The Gross profit increased 23% to 40.16M
- Net income of 20.21M or an EPS of 1.20 (Non-GAAP)
This gives a PER of 8.81 which is quite attractive. Xinao Gas Holdings Limited (PER 26), the China Oil and Gas Group Limited (PER 51) and Towngas China Company Limited (PER 29) have an average PER of 35.
For CHNG to have a PER of 17 (let's be conservative and consider half of the average PER of the competition) would have to trade at $ 21.
This estimate is very conservative because it doesn’t take into account some catalysts that will have an extreme importance in the future growth of the company:
- LNG facilities.
- Partnership with China National Petroleum Company (CNPC) to build service stations for natural gas.
-The natural gas consumption is growing at an average of 20% per year in China.
Today the company will hold a Conference Call before the market opens and we may have some indication about the CHNG prospects for 2010 and 2011.
CHNG It was OK and I believe that they were in line with what the market was expecting.
I believe the CC tomorrow will be important because the management might announce some contracts for the LNG facilities and give some guidance on the impact of the LNG business on the top line.
CHNG 10K Out.
http://biz.yahoo.com/e/100310/chng10-k.html
That's no dream...that's a nightmare Ari LOL
Here's the LIPH filling:
http://secfilings.com/searchresultswide.aspx?link=1&filingid=7113493
SOKF That's what you get for owning Gyms and Beauty Spas. LOL
Thanks for sharing that info.
Take care.
That's good news.
Thanks.
SOKF seems to be getting much more atention.
55.000 stocks traded so far...
CCME It sure makes you wonder.
What puzzles me is why is he selling at this price...
I believe volume will start to increase after ER.
NEP +3.50% PM
CPQQ
Did you follow CPQQ's presentation at R&R?
China MediaExpress Holdings, Inc. Signs Exclusive Agreement to Provide Television Programming and Advertisements for the Qingdao Airport Express Buses
http://finance.yahoo.com/news/China-MediaExpress-Holdings-bw-3483383751.html?x=0
Thanks Rames.