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"even with the R/S they won't be eligible for an up listing."
Absolutely right.
I've been all over CHID's filings- reading filings on these China micros is my passion and I'm in many of them, including CHID.
CHID has never said they intend to uplist, only that they plan a 1:10 reverse to increase interest in the stock. (?).
I'm not bashing CHID- it was undervalued 30% ago when I started buying it. But I thought it was necessary to point out the company has not made any indications towards an uplisting either in public statements or their filings, as the original post was suggesting.
Guess I'll take the mod. slot and clean up the I-box a bit.
I'm still here.
Actually looking to add to my shares from .09-.10 pretty soon.
Also starting to buy some MYST.OB here now. Looks undervalued to me like GHII did at under .10/share.
When I said "They do not state the rational for the reverse other than to get more interest in the stock. There is no mention of an uplisting"....
By "they" I meant the company, not the pump on the message boards.
Now I see where you might assume I get information from message boards- I was unclear in my original post.
Trust me, I read SEC filings. That and a good cup of coffee and a nice cash position to buy an undervalued one with = heaven for me!
lol- thanks for that tip! eom
CHID is being pumped heavily on investor village and Yahoo.
They do not state the rational for the reverse other than to get more interest in the stock. There is no mention of an uplisting.
and only one customer and a 1:10 reverse split.
I'm in it from .09 and will enjoy the pump though!
Bobwins- I like PUDC.OB (Puda Coal) here also.
Strong balance sheet and some recent press on Bloomberg that makes it intriguing here:
http://www.bloomberg.com/apps/news?pid=20601089&sid=aRaxkApkin6w&refer=china
Agreed. I think it's just a matter of time for the money to rotate into MYST, which is why I'm accumulating it here.
with 50% growth in revs and 115% growth in net income, this share price won't last.
Time will tell. It seems that if it effects GU, it would effect CCGY as well- exact same product.
The positive here is that CCGY has the ability to switch over to specialty chemicals, and their capacity for that is also increasing from 18,000 tons to 100,000 tons.
MYST INVESTMENT ANALYSIS
MYST Revenue
As we have often noted, in our valuation methodology, "Cash is King." Well, it goes without saying that if a company cannot produce sales then there is no ability to generate cash flow. By that logic we look very closely at revenue numbers as our second most important factor in valuing a company's stock. We have established reasonable Price to Sales per share ranges based on historical data of the last 7 years. For, MYST the high and low end of the Price to Sales per share ratios are 9.39x and 1.01x respectively.
Notice that MYST's current Price to Sales per share ratio is 0.38x, which is quite a bit below what we consider a normal Price to Sales ratio for this stock. Given normal conditions and a price of $0.08, MYST is 93% below where we would expect to see it. This will beneficially factor into our final analysis of MYST as it is not often that this stock sinks to these levels.
MYST Cash Earnings
As a value investment framework, Ockham Research is similar to a private equity firm in terms of our valuation methods. We are always on the lookout for value in the form of sales and cash numbers. In the case of MYST, Ockham views their current Cash Earnings as significantly below its historical average multiple of Cash Earnings. Looking at the last 5 years we can get a good understanding of what investors have grown to expect from MYST. For example, MYST's Cash Earnings ratio per share has fluctuated between 5.23 and 32.23 over this historical timeframe. This range is based upon a proprietary weighted methodology at Ockham, but can clearly show an investor where MYST is with respect to prior business periods.
So with MYST's current price (latest close of $0.08) and most recent level of Cash Earnings reported, we see significant opportunity from a value perspective. At its current price level, MYST is 95% below its average level of Price to Cash Earnings on a historical basis. This means that investors were willing to pay for a much higher stock price than currently for the same level of Cash in the past, on a relative basis. There are a couple of important things to remember, however. First, value doesn't exist in a vacuum. So if the market doesn't recognize this value, even a great disparity in Price to Cash Earnings cannot force an immediate stock price reaction. Second, patience is key when looking at securities that have reached these levels of Price to Cash Earnings versus their historical norms. So be patient with MYST.
http://www.ockhamresearch.com/Technology/Telecommunications/Telecom-Services,Domestic/MYST
Looks like they got little bang for the buck, I agree. Not much in there. Most of the material changes were already flushed out on this board... particularly their lack of debt compared to last year.
bought more today on the pullback. eom
Bought initial MYST shares today.
I've known/watched MYST for a few years and believe now is a good time to begin to establish a buy and hold position in it.
Last Q report was solid and balance sheet is strong.
This should be both a fun and profitable stock to own going forward IMO.
I'll post some facts/figures/additional dd here as time permits.
lol. I hope it works out for you.
I've been wanting to add to my position but haven't pulled the trigger yet.
Nice volume today though.
MYST has never been a favorite of mine.
But it's too cheap today so I picked up 100k at .07
It will be .10+ in a few days IMO.
true that.
Ag. growth is also why I like CKGT here as well.
It has not been trading with a multiple of an ag. stock- but that should change when their IR firm comes on board this week or next and they get their story out there. Like the fact that the director of China Ag/Feed ministry is on their advisory BOD.
just found out there's some tax issues might affect CCGY
GU closed operations last week in the same province CCGY will be opening up in because they say they can't be profitable there with the local province tax that's being slapped on biodiesel there.
Just found this an hour ago:
http://finance.yahoo.com/news/Gushan-Environmental-Energy-prnews-15430246.html?.v=3
"In 2008, company said they were shutting down production of biodiesel because it was unprofitable. Dropping gross revs in subsequent qtrs means it's probably true. What has changed?"
Well, I'd answer that the global economy and oil prices have changed (biodiesel sells when oil is $70+)
This is a company that made .15/share in 2007...
But as I said, I bought based on CFOs comments of $14M net income from new plant, but sold after reading just an hour ago how GU is stopping production in that very province due to tax issues.
cheers,
NM- I already sold. Just found out today there are some big tax issues that might affect it also. (see GU's PR from last week here...and CCGY is in the SAME province!)
http://finance.yahoo.com/news/Gushan-Environmental-Energy-prnews-15430246.html?.v=3
I was going on what the CFO was predicting, which was .45/share net income. It's not one I want to take a chance with here now, I agree. I'm not one to usually sell three days after buying, but I did in this case. Might get more PUDC today as it's down on light volume.
We need clarification on this tax issue- it could break CCGY
GU suspended operations last week in the same province where the CCGY plant will be starting, due to tax issues there.
http://finance.yahoo.com/news/Gushan-Environmental-Energy-prnews-15430246.html?.v=3
Only 29% or so of GU's sales come from that province, but 100% of CCGY's do.
Could be the next LPIH Joe.
With that new plant coming online in September and CFO's eps projections of .45/share with it, CCGY is ready to move now.
Strong balance sheet also.
CCGY having a good day so far.
eps projection by CFO is .45/share with new plant coming online in September. That gives the stock a forward PE well below 1 here,CCGY has and no history of going to pinks/late reporting, or lawsuits as some of the other China micros trading with a super-low PE have.
China Clean Energy (CCGY.OB) net income target .45/share per CFO
I've been buying shares of CCGY.OB (China Clean Energy) lately.
The Biodiesel company is expanding capacity from 10,000 tons of biodiesel to 100,000 tons with a new plant that comes online in September.
CFO has stated that they expect net income of $14m or .45/share when this plant comes online.
CCGY currently trading at about .30/share.
It's one of the more undervalued China microcaps I've found this year from my dd.
More info/pics of ne plant construction process here:
http://investorshub.advfn.com/boards/board.aspx?board_id=7470
105k block on the ask just went by.
Langlui- another China energy stock I like here is CCGY (China Clean Energy). You might want to check it out- still pretty quiet/undiscovered and float is smallish.
They have a new biodiesel plant coming online in September that will increase capacity from 10,000 tons of biodiesel to 100,000 tons. CFO said last year they anticipate net income of .45/share with the new plant, and the stock is just starting to get volume and move up. Closed Friday at .31/share so has forward PE <1.
Some dd and pics of the plant under construction on the CCGY board if interested.
http://investorshub.advfn.com/boards/board.aspx?board_id=7470
CCGY hasn't really moved yet compared to many that I've been buying, and yet their eps growth from basically 0 in 2008 to around .45 with the new biodiesel plant coming online this September is among the highest of the China micros.
They're increasing capacity from 10,000 tons to 100,000 tons, and with oil prices rising again, biodiesel demand and prices are already increasing from what I've been reading.
CFO is the one predicting 14M net income = .45/share.
http://www.reuters.com/article/companyNews/idUKPEK17720220080507?symbol=CCGY.OB&pageNumber=1&virtualBrandChannel=0
CCGY is a $2 stock trading under .40/share here IMO.
Agree PUDC looks like a monster in the making.
Strong fundamentals/cash balance, no long term debt, and explosive growth with those 6 new coal mines coming. You still in Maui?
yes it's had a strong move, and well deserved.
Many good China micros out there that remain undervalued and just starting to move IMO.
you might like CKGT if you like China ag. stocks.
some dd in the I-box.
The Director of China's Feed Ag. ministry department is on CKGT's advisory BOD. Company has been quiet- too quiet lately, and have an IR firm coming on board this month to get the story out re: the patents on Cow feed, chicken feed, pig feed, etc.
ttm eps .30 with near 100% yoy eps growth.
http://investorshub.advfn.com/boards/board.aspx?board_id=8174
Thanks- I was just about to post it.
No surprises in it.
Now lets have a pr on BioPharm Asia, market outlook/pipeline, etc.
PE of 3 on CCGY would be $1.35 if the CFO's target is accurate.
They made .15/share in 2007 on $3.5M net income, so .45/share on $14M net income with the new plant seems reasonable.
Capacity will increase 10X with the new plant coming online next q.
PE of 3 on CCGY would be $1.35 if the CFO's target is accurate.
They made .15/share in 2007 on $3.5M net income, so .45/share on $14M net income with the new plant seems reasonable.
Capacity will increase 10X with the new plant coming online next q.
Bought more CCGY today also. PE < 1 with CFO's eps estimate.
CFO said $14M net = .45/share with new plant online in September.
yes, I'm long JADA and waiting for it to settle down to buy more.
I also bought more CCGY this morning.
This .30 will be nice support line once we get above it- which could be today.
Int'l coal price hit record on strong China demand
_______________________________________________
Puda Coal (PUDC.OB) should continue to move tomorrow
_______________________________________________
"Coal price hit a new high of over $72 a tonne at Australia's Newcastle Port, a benchmark for Asia, spurred by strong demand in China, the rising oil price and expectations that a recovery in global economy.
Thermal Coal prices in the globalCOAL Newcastle index rose $6.48 from the previous week to $72.79 a tonne, the highest since Feb. 24 when it stood at $73.38 a tonne.
But domestic coal price has been kept stable for a whole month, the Datong premium blend with heating value of 6,000 Kcal/kg was 620-640 yuan/t (about US$ 91.2-94.1 per tonne) on Qinhuangdao port, a benchmark for China's domestic market.
China's coal demand remains robust, as the prices of imported coal maintain a discount to domestic prices.
Guangdong, a major coal consumer in south of China, imported 6.15 million tonnes of coal in Jan-Apr, up 59.2 percent year on year.
Shandong, one major industrial province in east of China, imported 1.6 million tonnes coal in the first four months, up 106.3 percent year on year.
China's recent hunger for overseas coal pushes the international coal price up, said Huang Teng, an expert in coal trading. Coal price will continue to rise, if demand from China remains strong, Huang added.
China's coal import may hit 65 million tonnes this year, up 60 percent from a year earlier, Huang predicted.
Analysts say higher coal imports may not affect the domestic market much, even if the volume breaks 100 million tonnes, as it just accounts for 4 percent of the country’s total consumption."
http://en.sxcoal.com/NewsDetail.aspx?cateID=177&id=22419
(Source:en.sxcoal.com)
Int'l coal price hit record on strong China demand
(CHGY and PUDC should benefit. I own both but prefer PUDC's balance sheet and management)
_________________
"Coal price hit a new high of over $72 a tonne at Australia's Newcastle Port, a benchmark for Asia, spurred by strong demand in China, the rising oil price and expectations that a recovery in global economy.
Thermal Coal prices in the globalCOAL Newcastle index rose $6.48 from the previous week to $72.79 a tonne, the highest since Feb. 24 when it stood at $73.38 a tonne.
But domestic coal price has been kept stable for a whole month, the Datong premium blend with heating value of 6,000 Kcal/kg was 620-640 yuan/t (about US$ 91.2-94.1 per tonne) on Qinhuangdao port, a benchmark for China's domestic market.
China's coal demand remains robust, as the prices of imported coal maintain a discount to domestic prices.
Guangdong, a major coal consumer in south of China, imported 6.15 million tonnes of coal in Jan-Apr, up 59.2 percent year on year.
Shandong, one major industrial province in east of China, imported 1.6 million tonnes coal in the first four months, up 106.3 percent year on year.
China's recent hunger for overseas coal pushes the international coal price up, said Huang Teng, an expert in coal trading. Coal price will continue to rise, if demand from China remains strong, Huang added.
China's coal import may hit 65 million tonnes this year, up 60 percent from a year earlier, Huang predicted.
Analysts say higher coal imports may not affect the domestic market much, even if the volume breaks 100 million tonnes, as it just accounts for 4 percent of the country’s total consumption."
http://en.sxcoal.com/NewsDetail.aspx?cateID=177&id=22419
(Source:en.sxcoal.com)
Int'l coal price hit record on strong China demand
Coal price hit a new high of over $72 a tonne at Australia's Newcastle Port, a benchmark for Asia, spurred by strong demand in China, the rising oil price and expectations that a recovery in global economy.
Thermal Coal prices in the globalCOAL Newcastle index rose $6.48 from the previous week to $72.79 a tonne, the highest since Feb. 24 when it stood at $73.38 a tonne.
But domestic coal price has been kept stable for a whole month, the Datong premium blend with heating value of 6,000 Kcal/kg was 620-640 yuan/t (about US$ 91.2-94.1 per tonne) on Qinhuangdao port, a benchmark for China's domestic market.
China's coal demand remains robust, as the prices of imported coal maintain a discount to domestic prices.
Guangdong, a major coal consumer in south of China, imported 6.15 million tonnes of coal in Jan-Apr, up 59.2 percent year on year.
Shandong, one major industrial province in east of China, imported 1.6 million tonnes coal in the first four months, up 106.3 percent year on year.
China's recent hunger for overseas coal pushes the international coal price up, said Huang Teng, an expert in coal trading. Coal price will continue to rise, if demand from China remains strong, Huang added.
China's coal import may hit 65 million tonnes this year, up 60 percent from a year earlier, Huang predicted.
Analysts say higher coal imports may not affect the domestic market much, even if the volume breaks 100 million tonnes, as it just accounts for 4 percent of the country’s total consumption.
http://en.sxcoal.com/NewsDetail.aspx?cateID=177&id=22419
(Source:en.sxcoal.com)
I think SDTH has a lot of unhappy shareholders looking for exit.
I known and traded the company for 2 years. It's also a rm incidentally, like one of your listed favorites, CNOA.
lol- sure. He does the lifting for for Mark Cuban.
Not important. I've made a lot of coin on CFSG.
I happen to know they're for real as do people I'd trust more than the short-scammer Cuban and his hatchet man.
From Roth:
We are pleased that the management has come forward to provide
clarity of its corporate ownership, although we believe it should have done that earlier. While the sharesleuth.com article sets off the caution alarm, we consider the long discussion of a few American middlemen in the article, albeit intimidating, as irrelevant given no mention of China Fire's legal structure and operations.
n We do not consider these Form 144 sales as potential share price manipulation, due to the fact that those early investors have no influence on the Company's business decisions.
We remain confident in the Company's business fundamentals.
China Fire, with its Sureland subsidiary is a real business. With a local presence in China, ROTH prides itself on due diligence and we always personally visit the company and keep in frequent contact with management. For China Fire, we have visited its home office and facilities in Beijing and Tianjin five times in the past 10 months. We have spoken to eight senior and mid-level managers at the company, not including rank-and-file employees, and we visited Wuhan Steel, the third-largest steel manufacturer in China and one of CFSG's major clients. We have verified with Capital Steel on the
$31 million contract that CFSG recently announced and we only
revised our estimate after the verification. In short, we believe China Fire has a very solid business.
From Piper:
Sell-off creates attractive entry point for investors focused on fundamentals over the next 12 months. Following a sharp sell-off on concerns of management credibility and corporate governance, we would be buyers of CFSG shares.
Specifically, a recent short report calls out: (1) recent stock sales by investors with close ties to company executives; (2) allegations of fraud related to the Audit
committee chair; and (3) a detailed account of the company's reverse merger transaction that included several participants with unscrupulous pasts. Overall, we believe the stock sales raise the most questions - largely due to the disclosure of the
investors' connections to company executives. While we clearly do not fully know the motives behind the stock sales, we believe they are attributable to the stock's
sharp rise in 2007 as opposed to any impending fundamental weakness. As it pertains to the Audit committee allegations, we would be more concerned if CFSG executives were receiving exorbitant salaries - which is not the case. Lastly, on the
reverse merger, we believe that a close evaluation of many reverse merger transactions would yield similar results. That does not make it right, but it is the
reality. For CFSG, the company has subsequently adhered to the NASDAQ standards required for listing and is progressing through SOX 404 compliance.
We remain confident in the growth outlook and do not have reason to question reported financials
Brean Murray:
Despite robust business fundamentals, China Fire & Security Group (CFSG) experienced a sharp sell-off over the past two days due to a negative report that questioned the company’s corporate governance and recent stock sales by investors with close relationships to the CEO. Also, the company apparently
made an unintentional error in a biographical summary for one of its independent directors. We believe today’s conference call and accompanying statement that provided clarifications on the above issues should help to alleviate many of these concerns. Further, the announced $10 million stock
buyback could provide support for the shares at higher price levels. However, the negative sentiments will likely create a near-term overhang, and as such we are lowering our valuation multiple. Therefore, while our checks continue to
suggest the company will deliver strong financial results in 2008, we are reducing our target price to $10 from $20, based on the shares trading at 12x our CY08 EPS forecast.