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looks good to me
NEP- prelim results.
After doing some back of the napkin math, it looks like this quarter will be slightly better than last. The increase drilling should more than offset the reduction in oil revenue.
After looking at the numbers I'm buying shares of SGZH
It sounds like in either case now would be the time to acquire shares.
LPH - looks like we're about to break out.
It may trade like crap but the company is certainly worth something. If I'm reading the info correctly, we just booked $8 million in income before taxes which is the equivalent of $4.00 per share!
How can you say it means nothing? Is it not an article that was published today? Does it not state the name of the company in the article?
You can bash all you want, and you do it quite often just to "help us" even though you claim to have no interest in the stock. While we certainly appreciate your thoughts and you're entitled to them, please stop distorting facts.
Housing transactions in China were up big last month. I'm picking up some E-House (EJ) on the news.
A check for $2.68 million copming? Very nice! To put it in perspective, that check amounts to 50% of the market cap of the whole company as of this morning!!!!
I think NEP is starting to make a slow move up. It'll take some time but I expect at least $5.00 by year end and then once production in the new field starts, NEP pops!
They haven't given an exact date, just sometime in the third quarter I believe.
My guess is that they wanted it for an acquisition that either fell through or has not yet taken place.
I'm not sure that long term I agree with that. Sure, the shares were $4.50 not that long ago but I think this stock would eventually return to a normal valuation after the "china stock scare" is over.
So that's it I guess, $6.50 a share or a whopping 5.4x forward earnings. I honestly feel a little ripped off here since I won't even break even on my $7.48 average cost. This company should have never been sold for anything less than $15.00 a share in my opinion.
What a disaster this turned out to be for stockholders.
If the payment is in shares, it will lend even more credibility to LPH. After all, who would sell their company for shares instead of cash unless they've done their own DD?
Someone didn't get the memo that today is a holiday in the states! Not exactly a good time to send out a price release...
i think you'd be smart to
It may have closed and the company might not have PR'd it yet. Don't be surprised what Tuesday morning after the holiday weekend brings.
I doubt they'll be a private placement happening here. They're in the middle of a buyback!
NEP - to be added to Russell today. Stock up 4% on very little volume so far. NEP may have a nice run up into Monday.
I expect to see a big bounce around 3:45 or so...
Here we go....
Got it :)
Has JADA even traded today? My board says zero volume?
I'm gearing up for Friday/Monday when NEP gets added to the Russell Microcap. This baby's gonna pop!
I think we will see dividends in the near future but for now the company is using its cash for an acquisition.
YUII-Does anyone know what was said on the conference call?
You have to imagine with the heavy buying that there are some institutional buyers jumping over each other for shares. Glad I've already got mine!
and a pleasant surprise this morning...a nice $1 million we weren't expecting. That amounts to about $0.05 a share.
I bought more shares today at $1.05. CEO confirmed they should make their revenue target.
oh, OK...sorry, it's gonna take alot more than a green close to get me excited about JADA again....like a financial report release!
More great news!
The stock currently trades at a rediculously low P/E of 2.16. A forward P/E of 3.37. There's $2.12 per share in cash on the balance sheet. In my opinion, if not for past issues and the "china small cap problem," this stock should easily be trading in the range of $10-$12.
Long term, NEP has one of the best potentials of any stock I've seen this year. I highly suggest reading this article from a few months back if you haven't already...
seekingalpha.com/article/259706-china-north-east-petroleum-forecasts-2013-as-year-for-big-production-and-profitsNEP[tag]insert-text-here[/tag]
Looks like the company didn't lose as much money as previously thought
what exactly are we OMG'ing?
It may have started already and I'm hoping it has but there is no way to be sure. Eventually the company will let us know how many shares they bought back, usually on the conference calls at the end of each quarter.
I said it yesterday and I'll say it again...the volume has completely dried up. Shares are being held now by long term investors that are waiting for the new oil field to start producing in 2012-2013.
With NEP being added to the Russell in the coming days, I think we're gonna see a big pop soon if the long term investors hold on.
Whoa...just found this too....
"CCME Specifically Warns Investors That It May Not Be Able to Establish Effective Internal Financial Controls or Exercise Effective Operational Control over Fujian
In its 2009 10-K – which was filed on March 31, 2010 and which is the only annual report Mr. Lam signed – CCME emphatically warned investors that Chinese companies were run differently than U.S. companies and that, as a result, “CCME may have difficulty establishing adequate management, legal and financial controls in the PRC.” (2009 10-K at 32.)
CCME also explicitly warned investors that, because Mr. Cheng and his family owned Fujian, the Company may not be able to maintain effective control over Fujian’s operations:
“CCME relies on contractual arrangements with Fujian Fenzhong . . . and its shareholders, which may not be as effective in providing CCME with operational control or enabling CCME to derive economic benefits as through ownership of controlling equity interest.” (Id. at 48.)
CCME further cautioned that “[t]he beneficial owners of Fujian Fenzhong may have potential conflicts of interest with CCME” and that “[t]here can be no assurance that when conflicts of interest arise, any or all of these individuals will act in the best interests of CCME or that any conflict of interest will be resolved in its favor.” (Id. at 49."
Also...."Ms. Dong – resigned for similar reasons, citing “numerous allegations of a serious nature relating to the conduct of certain members of CCME’s management (and that of its subsidiaries)” and “irregularities concerning the bank account balances for CCME’s PRC subsidiaries.” (Ex. 17.2 to Form 8-K filed Mar. 17, 2011.)"
YIKES
"certain employees at CCME and Fujian Fenzhong (“Fujian”) – a third-party owned and controlled by Mr. Cheng and which essentially accounts for all of the Company’s business"
"Mr. Lam, who had joined the Company as its CFO in May, 2009, resigned two days after Deloitte’s resignation, citing information he had only learned in the past few days and Mr.Cheng’s unwillingness to respond to Deloitte’s request in a manner Mr. Lam thought appropriate."
"Mr. Lam was unaware of the alleged fraud, either because he stood firmly outside the inner circle that controlled the Company’s operations or because employees of Fujian or lower-level employees who worked at CCME concealed the alleged fraud from him."
This doesn't sound good to me. Kind of sounds like a "they did it but I didn't know" response.
No volume today. I'm looking at this lack of trading as meaning the long term shareholders have really locked up the float on this one. With Russell caps going to do some buying next week we could be in for a major move.