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Easy double from here.
This income growth (from .01/share in Q2 2006 to .07/share in Q2 2007) is without a single CNG station being open yet.
What will their income be with 30 CNG stations open by year's end?
SNEN estimates $300k income from each station.
$300,000 x 30 = $9M income annually, plus $2-3M income/quarter from the conversion kit business.
They're looking at of $17M-$21M income in 2008.
wow. This stock is undervalued.
SNEN Q2 out: Income .07/share in 2007 vs. .01/share in Q2 2006
This is without a single CNG station being open yet. Once those stations are open by the end of this year, SNEN should be well above $5.00/share.
Conference call Wed, Aug. 15th.
http://biz.yahoo.com/prnews/070813/cnm023.html?.v=10
Q2 results:
http://biz.yahoo.com/e/070813/snen.ob10qsb.html
Good timing on SNEN. It had a nice move today.
I think it's the next CNG double-play.
The land deal they got (and is now paid for) is worth 1/2 the company's market cap alone. Once people figure that out, and see SNEN open the CNG stations starting this month, it will move big.
Yep, I saw that too.
There were 2 of them in fact.
Institution buying- maybe the company will get coverage soon?
More SNEN news today
Sinoenergy Signs Agreement with Sinopec
http://biz.yahoo.com/prnews/070809/cnth013.html?.v=34
Sinoenergy Corp., Granted Land Title Deed in Qingdao
http://biz.yahoo.com/prnews/070808/cnw017.html?.v=18
SNEN has interesting news today.
land acquisition for cash
http://biz.yahoo.com/prnews/070808/cnw017.html?.v=18
Yes, I've been watching KWGI also...but won't buy until I see financials and know how many shares they've got.
SNEN closed strong today also.
Another new one- looks interesting CHSH.OB
China Shoe Holdings- just starting to trade.
http://finance.yahoo.com/q?s=CHSH.OB
Good article on SNEN on SeekingAlpha today.
SNEN is another China CNG stock but is NOT a competitor of CHNG, as they operate in entirely different geographic regions.
http://china.seekingalpha.com/article/43276
SNEN article on SeekingAlpha today. Good stuff!
http://china.seekingalpha.com/article/43276
Good article on SNEN out today on SeekingAlpha.
http://china.seekingalpha.com/article/43276
LWLL appears to have made a bottom at .16
Company is a medical disinfectant manufacturer and distributer in China. LWLL made .01/share in Q1 and is stating they'll make .04/share this year.
PE of 4 here- might be a good entry point?
Agree on KWGI. I looked at it too and will watch it.
LWLL (if you like true pennies) seems to have bottomed at .16
Company expects to make .04/share this year (and did make .01 in Q1).
PE of 4 now- probably the most undervalued China play I know of right now.
Agreed- this could become a very good board if people focus on quality companies and provide links and facts to support their position on a stock, and avoid hype!
SNEN- Compressed natural Gas company. A better value than CHNG here?
SNEN is a Chinese Compressed Natural Gas (CNG) company that is opening 30 CNG stations in China by the end of 2007 with funding already obtained. SNEN also owns 60% of Lixun Automotive, China's largest manufacturer of CNG devices as of June 30, 2007 in a cash transaction.
Here is how SNEN compares to CHNG as of Friday's close:
Information obtained from the most recent SEC filings and NASDAQ.com
Fully Diluted Shares
SNEN: 35M
CHNG: 24M
Projected Net Income 2007
SNEN 9.5M, or .27/share income
CHNG: 9.3M, or .39/share income
Current Share Price
SNEN: $2.45
CHNG: $6.12
PE Ratios
SNEN $2.45/.27 = PE 9
CHNG $6.25/.39 = PE 16
Stations Predicted to be income generating by the end of 2007
SNEN 30
CHNG 23
SNEN investor presentation:
http://tinyurl.com/3222jc
Newly acquired Lixun Automotive:
http://www.lixun-ae.com/english.asp
Agree market overreacted on the DEPO news. 60% drubbing way too much. Probably trade $2-2.50 for awhile then move up after dust settles.
Takeover target now says Hambrecht.
http://www.wrhambrecht.com/research/pharm/depo.html
China Fire & Security Group, Inc. Announces CEO Brian Lin to Participate in an Interactive Q&A Session
BEIJING, July 6, 2007 -- China Fire & Security Group, Inc. (OTC Bulletin Board: CFSG ) "China Fire", a leading industrial fire protection products and solutions provider in China, today announced that CEO Brian Lin will be doing an interview and Q&A session on the website www.seekingalpha.com. The interview can be accessed by all investors but in order to ask a question, investors must complete a free registration with the website. The Q&A process will begin on Monday July, 9 and last through Wednesday July 11. For further details regarding the interview please visit the seekingalpha website.
Mr. Lin is expected to discuss a range of topics including:
1. The Company’s focus on providing fire prevention solutions and an overview of its addressable marketplace.
2. Key Chinese government drivers in place which are driving demand for the Company’s services
3. Further details on the Company’s product suite from fire prevention to extinguishing.
4. Recent contracts and expansion possibilities which have created a large addressable market opportunity
5. The competitive landscape.
6. Plans to move from the bulletin board to a national exchange.
“We are looking forward to participating in this interview and answering questions from both existing shareholders and new investors,” commented Mr. Brian Lin, CEO of China Fire.
If investors should have any further questions please feel free to contact Chris Donnelly of HC International at 858 704 5059
Please access the attached hyperlink for an important electronic communications disclaimer:
http://www.haydenir.com/email_disclaimer.html
GSHO (General Steel Holdings)China stock- Barrons says forward PE now only 4!
Closing price of $6.55 yesterday = forward PE of 4 according to Barrons with company to make $1.50/share. Stock responding nicely last 2 days. Suggest buy on pullbacks. It's going to $20.00 for a modest forward PE of 13.
_______________________________
Interview with Peter Siris, Managing Partner, Guerilla Capital Management
Barrons: Give us one more Chinese stock.
Siris: How about General Steel [GSHO]? It has a great story. The company was founded by some farmers as the first privately owned steel company in China. It scavenged equipment that was being thrown away by a local government steel mill. Deng Xiaoping came and blessed it. It recently announced joint ventures with two big Chinese steel companies. General Steel should make about 40 cents a share this year, and next year as these joint ventures start to hit, it should make $1.50, with over $2 the year after. The stock is at 3.75. Eventually mainline analysts are going to pick up coverage of these companies because they're real businesses with exciting growth stories.
I think it's the Barron's mention of increasing income of $1.50/share with their clmpleted JVs and acquisitions. With a modest forward PE of 15, that means the share price should be over $20.
Very nice. Thanks for posting.
Gross margins are about 50% according to the report. Sweet.
Good point about them writing the codes for the government. It does position them well for growth.
Video of finely misted water putting out fire at CFSG in Beijing. Very cool, from Motley Fool.
Video from Motley Fool's Global Gains team demonstrating the CFSG misting system.
The Motley Fool gang are definitely not video production pros (picture is tilted on side), but you get to see how cool the CFSG system is.
The ultra-fine mist starves the fire of oxygen needed to burn, but doesn't soak/permanently harmwhatever you're trying to protect.
Motley Fool calls it " a huge advantage over chemical solutions -- equipment that's been misted can resume operations in a day; equipment that's been contaminated can need a month or more to cool off. And that time on the bench can cost industrial companies (the type China Fire targets) serious money."
http://video.google.com/videoplay?docid=-4822866488464358048&q=motley+fool&total=44&star...
Motley Fool likes CFSG too.
This is from their visit there a week or so ago.
The 10-Foot Tall Fireball
Are the stock markets really that insane in China?
That was one of the questions we hoped to answer on this trip around the world. The short answer: Yes. Folks are pulling money from every conceivable place, borrowing when they can, to flat out plow everything into equities.
And why not? The Chinese market is up some 150% over the trailing 12-month period.
Bear in the China shop!
While fundamental investors remain wary, such is not the case with many of these first-time Chinese investors. They aren't buying based on cash flows, earnings, or anything of the sort.
They're buying in droves because Uncle Hu says to. Or because the company's registration number, as The Wall Street Journal reported recently, contains lots of lucky number eights.
Woe betide the company whose shares close at RMB4.44, since 4 (su) is similar to the word for death.
Strategies these are not
In other words, the average Chinese punter is buying on anything. Or nothing. Same difference.
But this "buy on the 8, sell on the 4" mentality is not so much different from that of U.S. investors who bought dot-com companies en masse on the basis of things like "eyeballs." And something else is happening that bears an eerie similarity to the U.S. markets in the late 1990s: Steadily growing companies that generate free cash flow are being left in the dust.
In an overheated market, these are precisely the companies we want to discover.
Enter a 10-foot tall fireball
When we landed in Beijing, a young, smart entrepreneur named Brian Lin picked us up from the airport and whisked us away to his company's facilities a mere five minutes away (with a detour for an unbelievable meal, which may or may not have included duck tongue).
Neither Mr. Lin nor his company is flashy. Rather, he heads up a small firm with a wide market opportunity that's poised to dominate its niche. It expects to grow earnings per share over 50% in the forthcoming year and boasts a rock solid balance sheet.
Even better, when it comes time to write the rules that govern the industry, the Chinese government turns to Mr. Lin and his team of experts, including Research Director Liu Min, Ph.D.
All that said, what truly sets China Fire & Security Group (OTC BB: CFSG.OB) apart from its Chinese peers is that it trades for 15 times earnings. If you wanted to buy the rest of the Chinese market, you'd have to pay approximately 40 times.
Of course, China Fire still comes with some clear risks. It's small; it trades over-the-counter in low volumes; and with just 3% of market share, it can hardly be called a dominant player.
True to its name, China Fire detects and destroys industrial fires. Even better, its system can do so with finely misted water. That's a huge advantage over chemical solutions -- equipment that's been misted can resume operations in a day; equipment that's been contaminated can need a month or more to cool off.
And that time on the bench can cost industrial companies (the type China Fire targets)
serious money.
You don't need us to tell you that Chinese industry is growing rapidly. But that's not the only opportunity for China Fire. It's also scoring business retrofitting industrial plants that heretofore ignored the need for fire detectors and sprinklers in their facilities. The government has ruled that they can't do so forever -- and any plant manager that fails to bring his plant up to code will be held personally accountable.
With a Nasdaq listing on the horizon and a new focus in China on doing things the right way, China Fire sits in a very interesting sweet spot. Also, because it's small and trades solely in the United States, it has been largely ignored by the recent Chinese insanity. We'd be lying if we said that combination didn't
intrigue us.
Bill Mann
Advisor, Global Gains
Tim Hanson,
Writer/Analyst