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AMTD showing weird volume, but secondary source showing that they were real trades. Somebody is an eager beaver. We have been getting fills in the low .40's lol!
ari, I have read similar opinions, which is another reason why I like CRTP.
Glen, it's relative since we're talking about the battery industry only, specifically Chinese battery industry. Turns out that CRTP has a niche within that industry, environmentally friendly lead-acid batteries. But if we were to lump the China battery makers together, it would simplistically look something like this:
CBAK PE=yeah right
AONE PE=yeah right
ABAT PE=13
HPJ PE=17
CSGH.OB PE=9
CRTP PE=11
CSGH is interesting, but they get the OTCBB penalty on their valuation. One might wonder why CMTP isn't listed; they don't do batteries, so they're a little peripheral in my mind. So there you have it; 4 good ones and two suspect ones.
IGC presenting at Redchip conference:
India Globalization Capital to Present at the 2009 RedChip New York Equities Conference
BETHESDA, MD--(Marketwire - 09/24/09) - India Globalization Capital, Inc. (AMEX:IGC - News), a company developing infrastructure in India, announced today that Ram Mukunda, Chief Executive Officer, will be presenting at the 2009 RedChip New York Equities Conference being held in New York City on September 30th and October 1st, 2009. The Company's corporate presentation is scheduled for 3:45 p.m. Eastern time on Wednesday, September 30, 2009, at the NASDAQ MarketSite (4 Times Square, at 43rd and Broadway).
Company presentations will be webcast live and archived for 90 days at http://www.RedChip.com.
Investors interested in additional information or scheduling a one-on-one meeting with India Globalization Capital at this event, should contact Jon Cunningham at 407-644-4256, Ext. 107, or email conference@redchip.com.
About IGC
India Globalization Capital (IGC) is an infrastructure and materials company operating in India, which builds roads, bridges and highways, and provides materials to the infrastructure industry in India and China.
Copies of IGC's filings with the SEC containing information about IGC, its Indian operations and other relevant documents are available at no charge at the SEC's Internet site (http://www.sec.gov). For more information about IGC, please visit the Company's web site at www.indiaglobalcap.com.
CRTP my China battery pick; too bad thestreet.com missed that one! with only 5M float, it flies under the radar so it's understandable that not many know about it.
CRTP I'd rather own CRTP than AONE, but AONE has the momentum. CRTP guiding for ~$9.5M net income on 19M shares for 2009.
Substantial volume today right around the offering price (1.25). The sooner they get these shares out the sooner we resume upward move.
re: CGYV - I've seen this one rec'd by a good newsletter, and today's news was nice. Not in for the longterm, but the news was intriguing.
re: CDBT - here's a good place to start: http://investorshub.advfn.com/boards/board.aspx?board_id=15676
CRTP - under the radar Chinese battery company; could get some action since all others are.
China Ritar Power Corp., through its subsidiaries, designs, develops, manufactures, and sells lead-acid batteries under the Ritar brand in China and internationally. Its products has applications in uninterruptible power source devices; light electric vehicles, including electric bicycles, electric motorcycles, electric scooters, electric three wheelers, and electric golf carts; telecommunications, which comprise wireless, wire line, and Internet access systems, as well as central and local switching systems, satellite stations, and radio transmission stations; electric utilities and energy pipelines; and emergency power systems and alarm systems, as well as electric toys, solar power, and wind power. The company's customers include alternative energy production manufacturers, light electric vehicles manufacturers, international UPS manufacturers, and telecommunications operators.
LIWA mania; wonder if FSIN catches a whiff
FSIN: Fushi Copperweld, Inc., through its subsidiaries, engages in the development, design, manufacture, marketing, and distribution of bimetallic wire products, principally copper-clad aluminum (CCA) and copper-clad steel (CCS). Its CCA and CCS products are used in telecommunications applications, such as coaxial cables for CATV, trunk and distribution cables, cables for the cellular industry, and telephony drop cable. The companys products are also used in grounding applications, power cables, electrified railways, transformer windings, and tracer wire, as well as in wiring harnesses for automobiles, trucks, motorcycles, commercial off road equipment, and trailers.
LIWA: Lihua International, Inc., through its subsidiaries, manufactures and sells bimetallic composite conductor wire products in the Peoples Republic of China. Its bimetallic composite conductor wire products include copper clad aluminum (CCA) fine wire, CCA magnet wire, and CCA tin plated wire. Its products are used in high frequency signal transmissions, such as cable television transmission and cellular phone signals; and in generators and other non-signal transmission applications.
CDBT great entries in low .50's; thx for the mentions on this board. .73 now
CGYV $5M contract announced this AM
China Energy Recovery Wins $5.05 Million Contract from Hubei Sanning Chemical
SHANGHAI, Sept. 23 /PRNewswire-Asia/ --
-- New Contract Wins in September Total Approximately US$10 Million
China Energy Recovery, Inc. (OTC Bulletin Board: CGYV), a leader in the waste heat energy recovery sector of the industrial energy efficiency industry, today announced that the company won an RMB 34.5 million (US$5.05 million) Engineering, Procurement and Construction ("EPC") contract for a heat recovery system for Hubei Sanning Chemical ("Sanning"), a fertilizer and coal chemical subsidiary of Jincheng Coal Group, a top-10 coal producer and one of the 200 Largest Companies in China.
This most recent contract win follows the award of an RMB 30.5 million (US$4.47 million) EPC contract to CER from Tianjin Qinfa Chemical, a subsidiary of Tianjin Bohai Chemical Group, to construct a 200,000-ton annual capacity sulfuric acid plant with a built-in waste heat recovery system used to generate 3 megawatts ("MW") of electricity and 2.8 MW of heat energy generation capacities, respectively.
perfect example of option mispricing today
common CNDZF 7.5 x 7.75
warrants CNDWF .281 x .45
exercise price = $5
implied CNDWF price ~2.7
CAGC Bob, I seem to recall making a few posts on it!
Interestingly, Robert Hsu came out w/ two China Ag picks today, neither of which was CAGC, but neither of which compared favorably to CAGC either! (CGA and YONG)
But the article that the Realmoney author wrote today was quite bullish and basically said that CAGC is trading at 4X forward EPS (backing out the cash) while CGA is at 14X....hmm which would I rather own.
There's a lot more upside here even though the stock has a high price. Remember that price implies nothing about value.
CAGC just recc'd by Realmoney.
http://secure2.thestreet.com/cap/login/rm_mbp_yho_nflow.jsp?flowid=70417ebff3&url=http%3A%2F%2Fwww.thestreet.com%2Fp%2F_commentary%2Frmoney%2Finvesting%2F10601749.html
China Agritech Has Room to Grow
By Ephraim Fields
About this article:
Rarely do I recommend a stock that has already traded up significantly, but I have to make an exception for one as undervalued as China Agritech, a rapidly growing manufacturer and distributor of organic fertilizer in China. The company is benefiting not only from China's increasing demand for fertilizer but also from the shift away from chemical fertilizers to organic fertilizers. Organic fertilizer is healthier, safer and more cost effective than the more popular chemical fertilizer. Organic currently represents only 10% of China's market, but health and environmental reasons are motivating the Chinese government to encourage farmers to use it. The government's goal is to increase organic fertilizer's market share from 10% to 30% over the next decade. Combined with an increasing overall demand for fertilizer, that is very bullish for organic fertilizer manufacturers such as China Agritech. More on China Agritech China 'Uplisted' Stocks to...
CAGC just recc'd by Realmoney. Gee author needs to watch VMM if he wants to get them a little earlier!
http://secure2.thestreet.com/cap/login/rm_mbp_yho_nflow.jsp?flowid=70417ebff3&url=http%3A%2F%2Fwww.thestreet.com%2Fp%2F_commentary%2Frmoney%2Finvesting%2F10601749.html
China Agritech Has Room to Grow
By Ephraim Fields
About this article:
Rarely do I recommend a stock that has already traded up significantly, but I have to make an exception for one as undervalued as China Agritech, a rapidly growing manufacturer and distributor of organic fertilizer in China. The company is benefiting not only from China's increasing demand for fertilizer but also from the shift away from chemical fertilizers to organic fertilizers. Organic fertilizer is healthier, safer and more cost effective than the more popular chemical fertilizer. Organic currently represents only 10% of China's market, but health and environmental reasons are motivating the Chinese government to encourage farmers to use it. The government's goal is to increase organic fertilizer's market share from 10% to 30% over the next decade. Combined with an increasing overall demand for fertilizer, that is very bullish for organic fertilizer manufacturers such as China Agritech. More on China Agritech China 'Uplisted' Stocks to...
CAGC is the new RINO/TRIT/SKBI it would seem.
LOL! I doubt we'll get filled down here but if you want .29 it's yours! any higher bids that might show up won't be mine :^)
Might be a nice pickup here in the 1.25 range considering SMCG, another Indian microcap, is flying.
Added 10k more warrants at .41 :^)
CAGC - continues to move higher; wonder what it would do on a REAL volume day...
tothe - yes, included the Wellington shares.
I like to have a ballpark figure for float, because in such a case as CAGC's it helps to know that it similarly and/or favorably compares to recent big-movers such as SKBI, LIWA, RCON, TRIT, and RINO. I don't see why CAGC can't follow the others for big % gains...afterall, the story is pretty impeccable.
"One of the larger Chinese organic ag stocks with lots of cash and no debt, strong growth, bullish '09 outlook with anticipated further growth in '10."
tothe, nope didn't include those because I did a quick calc. let me know if I need to adjust my assumption. thx.
It's somewhat unique in my mind. Lots of potential on multiple fronts.
tothe, re: CAGC float
I calculated from the DEF14A, which indicated that about 16M of the 28M were held by insiders. Divide by 4 to get the 3M float.
CAGC uplist today; now ~7M shares o/s and ~3M float. Co has guided to $9M net income for '09, haven't noticed guidance for 2010. Not quite as cheap as some China's, but the potential sure is there for a SKBI/TRIT/RINO type move.
CAGC uplist today; now ~7M shares o/s and ~3M float. Co has guided to $9M net income for '09, haven't noticed guidance for 2010. Not quite as cheap as some China's, but the potential sure is there for a SKBI/TRIT/RINO type move.
Unfortunately my avg cost is .55 :^\
CDBT - appears that the major selling is done, heading back up w/ light resistance today.
The closest transaction to compare it to is SKBI, also a Rodman Renshaw deal. Here's what I think I know, which really isn't much of an endorsement:
When the SPAC acquisition closed, that consumated the change of ownership and share exchanges. The SPAC used all its cash in the transaction plus buying out dissenting shareholders of the SPAC. Therefore the IPO is a means to 1) get the uplisting, and 2) generate more working capital for CCBB, above and beyond what the Chinese merged entities had, and 3) gain exposure.
An ideal scenario would see CCBB and CCBBW trade in a similar fashion as TXIC and TXICW did.
CDBT - started buying today; not quite ready to make it a large position, but it's headed that direction. Recent pressure is presenting a buy opportunity at reasonable prices, but the question is always "why the pressure"? It's been accompanied by serious volume, so I'm concerned about that for now.
druc,
Don't get too excited, it was just me getting a starter position. ;^)
I was encouraged to see HDSN bidding it up, but that doesn't mean much.
That's what I've been thinking. We personally experienced the leverage that the TXICW's provided. And more recently these Chinese IPOs have been doing great. SKBI, TRIT, LIWA to name a few.
Generating $15M in IPO proceeds would indicate somewhere between 2M to 3M shares in the float, depending on a price of $5-$8.
If CCBB runs to $8+, the warrants should be in good shape to say the least.
welcome db7! I think it's important to note that when CNDZF becomes CCBB, it's technically not an uplist...it's an IPO per the rodman/renshaw language. That's a big difference imo, becase R/R will be promoting the stock etc.
hweb, re: TRIT
WooHoo! TRIT made my month.
Avg cost $8.77, exits in the 12's, 13's, 14's, and 15's!
And now CLWT is following the example led by DGW and TRIT. And I thought September was supposed to be a disaster based on the rampaging summer we had...
chinastockpicker,
Ha! You think THAT board is secret? How about my China Cord Blood board, with a whopping fan base of Moderator + 1 !
http://investorshub.advfn.com/boards/board.aspx?board_id=16014
TRIT +32% today; CLWT being viewed as a smaller play on what TRIT does, wastewater engineering:
http://www.euro-tech.com/en/about_engineering.asp
Benefiting CLWT is a share buyback and .60/sh in cash. Seems pretty cheap here considering.
CCBB - China Cord Blood corp (currently CNDZF.OB/CNDWF.OB until IPO)
With the recent success that Rodman/Renshaw has had with the likes of SKBI and LIWA, one has to wonder if China Cord Blood Corp (Nasdaq: CCBB, upon IPO) will shoot out of the gates as well. I had initially thought that CNDZF was uplisting, but in reality it's an IPO, so the float should be pretty small.
China Cord Blood Corp. (CCBB) Files $15M IPO
August 31, 2009 2:39 PM EDT
In a Form F-1, China Cord Blood Corp. (Nasdaq: CCBB) filed a registration statement with the SEC for an initial public offering of its common stock. The proposed maximum aggregate offering price is $15 million. The company plans to list on the NASDAQ under the stock symbol "CCBB".
The offering is being made through Rodman & Renshaw.
China Cord Blood Corp. is a provider of cord blood banking services in China.
CCBB - China Cord Blood corp (currently CNDZF.OB/CNDWF.OB until IPO)
With the recent success that Rodman/Renshaw has had with the likes of SKBI and LIWA, one has to wonder if China Cord Blood Corp (Nasdaq: CCBB, upon IPO) will shoot out of the gates as well.
China Cord Blood Corp. (CCBB) Files $15M IPO
August 31, 2009 2:39 PM EDT
In a Form F-1, China Cord Blood Corp. (Nasdaq: CCBB) filed a registration statement with the SEC for an initial public offering of its common stock. The proposed maximum aggregate offering price is $15 million. The company plans to list on the NASDAQ under the stock symbol "CCBB".
The offering is being made through Rodman & Renshaw.
China Cord Blood Corp. is a provider of cord blood banking services in China.