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Another article on CCME.
http://seekingalpha.com/article/225922-china-mediaexpress-the-burden-of-a-low-share-price?source=email
Written by Rames over at the CGS board.
They do, which is why it will be the real test for the day.
lol, you have to be kidding me.
You're getting kind of desperate now, and you keep saying how Joe was right on, but so far he's been dead wrong about his bigger call of the markets tanking to new lows. If I'm not mistaken I believe he's been all or mostly cash since close to the beginning of September, many opportunities lost since then.
You're calling us a support group but what I see here is an intelligent group of investors not listening to the bs of corrupt short sellers and the media entities which they are colluding with.
And lets not kid ourselves, you don't have any shares the same as you don't actually believe this will ever go to $3. Most likely, if you ever held shares you got margin called and are now bitter at CCME stock. My suggestion to you is to let it go and move on.
Shermadog, I'm not aware of one but maybe someone else knows.
My speculation is based on an upcoming dividend announcement. The idea of buying back up to 3 mil shares and then announcing a dividend will crush the shorts and help send the stock to new highs.
In the future nobody would hold it against them to use those same 3 mil shares if they wanted to do an aquisition and it is the best possible investment they could make at this point in time.
Buy 3 mil shares now at less than $10, announce a dividend to send the stock higher and the shorts packing, then use the shares as part of an aquisition in the future when they are worth $30 or more. I believe they are thinking along those lines and see the opportunity they have here to turn that $30 million into $90 million.
All the while they will cement the image of being a company that puts shareholder value first, but in reality it would have been an opportunity to good to pass up.
I wasn't checking it and don't think they started today either but they don't usually embelish on the PRs so 'effective immediately' means they could have started buying already imo, and someone was definately buying big today. I think if we continue to have these high volume days there's no reason they can't buy 1-3mil shares next week easy if they want.
The only problem I see them having is if they want to wait for a short attack and buy like crazy on the same day to get the shares cheap or if they want to buy like crazy now and use the shorts as an example not even giving them a chance to hurt the companies image.
I'm with you on the shorts being more evil than stupid. They know better than to think Deloitte would screw up on a small cap, and that Starr would be duped into investing 30 mil.
I have nothing against people who short stocks that are overvalued or that have issues, but these shorts try to captilize on peoples emotions and fear monger. Then just when investors start to question themselves and doubt their own DD, they come out with a story or accusation that sounds believable and everyone panics and sells.
Thats what these shorts are banking on, we'll see how it plays out.
No it would be better for us if they accumulate the amount that they want preferably using the full 30 mil.
Then come out with a press release telling the public that the buyback is complete and oh by the way we will paying a dividend.
Let the shorts stick around, we already traded 3mil+ shares since yesterday, by next week if volume is good and CCME really wants it can be done with the buyback. Shorts might not even get a chance to put up a fight unless they act soon.
Wow you're just like a clone from the yahoo boards.
You never offer any substantial agrument or information just constant fear mongering.
PPS lower than $3? You keep smoking that pipe, but next time get the good stuff.
value1008 - I can't reply to PMs, but thats a good suggestion and I'll be sure to pass it along.
Rato, truly awesome stuff!
Thats just what we needed. Don't let shorts give us the same old bs speculation, give us new facts or gtho.
Great job.
While I expect a dividend, I don't expect an annoucement for a while if they are planning on actually buying back some shares. But since management has referred to it several times now as being aware of the effect a dividend would have on share price and the benefits for shareholder value, I think they are just analyzing the situation to see if its still needed after this latest news.
If it was me, I would first buyback as many shares as possible under $10 then if the situation didn't improve and if the shorts still had a high percentage I would announce the dividend.
On the other hand if the shorts attempted some kind of attack with a smear campaign then I would use that day to buy as many shares as possible and announce the dividend news right the next day.
Either way I think its more of a 'when should we release the news' instead of 'if we should offer a dividend'.
Indeed and we can expect the guidance to be conservative at best. We are in for a quite a few good qtrs, each enhanced by new contracts and potential aquisitions.
I'm already thinking 2011 could potentially pass $4 eps:)
Wow, I don't know what the heck happened after 1:00 yesterday, but cheers to those of you that didn't sell in panic and stuck with the fundamentals. I'm very content having shares in a company that truly has shareholders interests in mind.
I have no doubt that shorts will still try to use their scare tactics and whatever loose straws they can grab at, the same as I have no doubt that CCME will announce a dividend in the near future and continue to have huge earnings each qtr.
I said it after the last airport contract which started this Sept and I'll say it again, 4th qtr will be HUGE, don't let someone steal your shares at these bargain prices.
Strange thing about predictions is they are usually self fulfilling when they happen.
Why should we pay any attention to the shorts? The only arguments I have heard are ludicruos and most know very little about CCME.
What we have here is a company trading at a 3 p/e with minimal downside and great earnings. lol what are the powerful forces at work gonna do, bring it to 1 p/e? Let them try.
Funniest post you made yet JJ...
Can't speak for others but I'm a fundamental investor not a trader, and I have no respect for fear mongers. Anyone who is selling now is probably on margin or really didn't do any DD otherwise they wouldn't be scared out of their shares.
I'm still confident that management is working on a dividend/buyback but these things don't happen overnight. Even if it doesn't happen CCME is making money hand over fist, in a growing market segment which it has a lock on.
It seems to me people forgot what investing is all about and have no patience anymore.
I can't remember where I read it, but I was under the impression that they have the bulk of the money in HK.
Assuming 150mil in an HK account at 6 months would be .05% or $75,000. If that is the case then it makes sense. However I'd also like some transparency on this front.
Edit. Also, I would think they get slightly better terms for so much money probably the highest at .2% even if short term which would work out to around $75000 per qtr.
Hmm, I thought Gruber and McBaine sold out? But I don't see RBC there so maybe it was them instead.
Still, a decent increase and nice to see someone with more than 1mil shares.
Personally I think its a long shot, CCME management owns more than 50% and are aware of the potential they have with a 5 year exclusive contract. Who's to say they don't take more airport contracts from FMCN?
Even if FMCN offered $30 a share which they wouldn't, I doubt CCME management would go for it.
I wonder if the chairman of FMCN caught wind of the original 144 and then went about planning to sell his shares so he could make an offer for all Wen Lin's 6 mil.
For sure it would have been a good investment since it seemed at the time Wen Lin wanted to sell.
Another day another dollar...
For FMCN that is, lol. I admit its frustrating to have so many up days in the market and to still be in the same place as before. But its all about patience, no need to panic just because a few people get scared and sell out, things like a buyback and dividend take time to work out but rest assured from managements own mouth they are being worked on.
So far we have had some really good volume days and I have no doubt the shares are going into stronger hands. Let the transfer take place and don't question your DD. We'll be waving to FMCN in due time and hopefully using shorts as jet fuel.
Thanks wctbills, I downloaded a few of them but only a couple were working for me.
I second that notion.
Videos from investor day are now up on CCME website for anyone interested.
Its taking a while to download but I'm checking out the Q&A and Visit to Bus Station vids.
http://www.ccme.tv/
Nothing shows anywhere close to 500k near or after the close, must be a glitch.
You can't actually be serious.
The investor day was a chance for current and potential investors to address any concerns they might have had with the company as well as getting the chance to see its operations, hear from some of its clients, see the ad rate numbers, and see just how genuine management is. In case you haven't noticed the selling is on light volume and the shares are being transferred from the weak to the strong.
I've been racking my head trying to think of what the 2.5mil shorts will try and come up with to cover their position and I can't think of anything concrete. The only thing they can use would be a certain lame half assed attempt which at this point, after the investor conference and anyone who bothered to do some DD would laugh at.
I don't believe you are holding any shares and if you are and can't stomach the volatility then sell and move on. On the other hand if in case you are short, keep telling yourself a divi and buyback won't help the pps rise if it helps you sleep better.
lol, unless you mean a limo bus, it ain't gonna happen.
I think the investor conference may have alleviated any concerns from potential intitutions/investors and over the next few days we may see some add to or start a position.
The point is to get the shares in firm hands over the next couple weeks, then with a possible announcement at any moment we might actually see some decent up days depending on the general market.
Your right, it works that way.
And its not a UK thing, took almost 3 mins to the load the first page. So much for the update theory, lol.
Anyone able to access CCME website?
www.gstv.cc/en/index.aspx
Comes up as 'page unavailable' to me, looks like they could be updating it.
Looks like the shorts are overconfident.
I really do hope we get an annoucement when the markets closed. Even if we don't and it takes a few weeks longer I won't mind, but I really would prefer to crush the shorts this time around.
I got nothing against people who short stocks but when they try to misinform and spread false rumors I hope they lose every penny.
Looks like shorts might have run out of ammunition for this fight.
If even the flippers and traders hold their shares and don't get spooked we might finally get the upper hand with the big announcement forthcoming.
One of the best posts today.
"On another note instead of bashing management with respect to the share price which they have little control over it might make a change for some posters to actually call Jacky & tell him what a bloody fantastic job they are doing running this business. Lets face there is no other company banging out numbers like these guys not to mention being extremely investor friendly"
Its not everyday you find a company with management that is genuinely concerned about shareholder value to the point where they actually listen to suggestions and respond to retail investors.
Few can doubt the credibility of your information as you were spot on with the analyst reports.
No it was my mistake, I checked the numbers after posting they were accurate.
HighPlainSfinkter, I'm still waiting to hear your response to the irregularity in your posts about the position you own brought up here:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=53920546
I didn't see a reply to the post, thought maybe you missed it.
Just another one that slipped through the cracks.
I disagree completely, its the same as saying nothing can be done if big money wants this above $30.
There is big money on both sides of the trade, not just the short side. The only way shorts can take this any lower is by some slander ala ONP or CHBT. However, so far CCME has kept its nose clean and having that investors day next week is an additional way to show they are real.
With that said, if by chance we drop anywhere near $5 expect CCME themselves and intitutions to buy what remains of the float.
Excellent news, considering how profitable the airport buses are I'd like to see them go after more of these contracts.
4th qtr will far exceed all expectations imo.
Excellent comparison and the best way to rebuke anyone pointing out that the margins are unrealistic.
lol wonder if we make news lows sometime this week.
Just ridiculous.