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I appreciate the comments value1008.
It's not hard to see why people are happy with their 10% gains in a short term stock these days. With the way the US equity markets are moving, it's certainly a traders market and people cash in their chips when they can. Heck, if I didn't have a 9-5 job I just might day trade for myself, it seems to be where the money is.
Until the markets settle down and US consumer confidence and employment return, our chinese plays are going to suffer. Most people who hold stock would rather see names like Bank of America and Exxon in their portfolio's than take what they feel is a high degree of risk with companies like CCME. The public just isn't buying these names. While we may disagree that it's high risk, I'm sure we've all had the experience of telling a friend at the bar about a chinese stock only to get one of those "if you say so" facial expressions. That's probably not going to change anytime soon.
I'm long over 50 chinese small-mid cap companies and while 50 may seem like alot, it certainly spreads out my risk. I look at it as my personal chinese mutual fund. Over 10-years time, I'm happy to put it up against any large managed mutual fund and look at the results.
Since management decided to declare a dividend, something they certainly didn't have to do, I'm taking it as a sign that it's all systems "go" at SIAF.
Beef, milk, dragon fruit, fish...whatever it is, a billion chinese people need to eat and SIAF is going to help feed them. Having the chinese government involved as a partner isn't a bad sign either and gives me confidence in the company and their goals.
Let's also consider that the stock trades at an incredibly small P/E and it doesn't take a genius to realize this thing is headed north over the next few years.
Let's talk pure numbers here. LPH is growing and growing fast. The company recorded a revenue number in Q1 that nearly doubled from Q2, 2009, just three quarters ago. Operating profit was up more than five times. Profit soared.
In today's market, if you're willing to take some risk by investing in equities, this is the kind of company you want to be in. Nothing is certain, just ask any BP stockholder, but if it walks like a duck and quacks like a duck, it's probably a duck.
I haven't been on the boards long enough to get to know many of you but it seems that many of the conflicts that arise here are due to the fact that half the boards are made up of day traders while the other half are made up of investors.
I'm an investor which means I have to take the daily chart patterns and market feelings and put them aside. Even the 10% daily swings have to be taken in context and while it's sometimes difficult to stomach, it's part of the game. My time horizon on most companies takes me out 3-4 years and if I don't think a company is going to gain 30-40% from now till then, I'm out. I'm not looking for the five-bagger, just a solid investment.
Companies like CCME have already proven they know how to make money. End that end of the first quarter, we saw that revenue doubled over the same time last year. Just a few weeks ago they raised net income guidance for 2010 over 10% from their original estimate. At the low end, they're expecting to earn $2.46 a share which puts a P/E of 4.3 for 2010. That doesn't include the $3.44 in cash they already have on their balance sheet.
I don't know if the stock will rise or fall on Monday but I do know, long term, this is a company I want to invest in.
As an investment, this stock is one of the best out there.
They've been spending money hand over fist in order to prepare for the "big score" and that score will be clear when everything is up and running at full capacity. Once this company starts firing on all cylinders, we'll see confidence return and the stock price rally.
We'll all be amazed at how quick the public money will jump on board. If you're in this stock on the long side, prepare to be here until 2013. If you're not looking to tie up money that long, CNAM just isn't for you.
I've been long this stock for over 16 months now and I continue to find every reason to like it. With that being said, let's keep in mind that fast growing companies often go through some growing pains and it's not going to be a one way trip to $100 a share.
While the earnings this quarter should be solid, I'll be interested to see how much cash is being laid out for expansion. This could certainly dent the short term view on the stock with a lower EPS than expected but would keep my long term view in tact. I'd like to see major investments being made which would bolster the arguement that demand is strong.
Personally, I hope they completely blow the quarter, the stock falls, and I pick up more shares on the cheap. I just don't think that's going to happen. CHBT hits $17.00 by the first week of Sept.
The numbers this morning were nothing short of fantastic. I'm excited about this stock and I can smell a potential uplist in the not so distant future...
I don't think we can calculate how the law suits would affect the company until the company gives us some more information.
If they're heading down a dark path, the stock is going to zero and the company backrupt. There won't be anything left to sue.
If business is continuing as normal, it's likely the stock price will rise making all the lawsuits contending damages from a drop in stock price as meaningless. The only people left who would file a suit would be those who had options. The fact is these people did have a choice whether or not to exercise those options. (definitely a difficult choice but it was a choice they made, burp I think this was you?)
Because these law suits are being made by american companies against a chinese company it's certainly going to be pretty complex.
My guess...all these lawsuits are going to be meaningless in the end. Maybe a few thousand in legal bills but that's it.
Sounds good to me! I'd love to see this stock run to $15.00 but with the loss in confidence of management, I don't think we'll see that type of print out of the gate.
That's not to say it wouldn't happen in a few weeks if business has in fact continued as normal and NEP is gushing oil.....
Since management may not want the float to be too low, instead of doing a buyback maybe they should consider a dividend? It returns the cash to the stockholders and would possibly attract dividend funds to the stock as well.
Well, at least we got something from the company this morning.
I'd imagine that at this point, they're working to get all the audits done and forms filed otherwise they wouldn't bother to ask for an extension. They've added a board member recently and he wouldn't take the job if NEP was a sinking ship.
I'm holding out hope here and today's news gives me just that, hope, and nothing else.
The future is certainly looking bright! Today's numbers were nothing short of outstanding and 2011 guidance makes this company one of the best growth stories of the coming year.
well, he peaked my interest today!
By the way, I've seen your posts on a bunch of the China message boards. Seems we have alot of similar thoughts so lets be sure to pass our info back and forth.
According to yahoo finance, 31,000 shares ($930) changed hands today. Who out there could possible be buying this stock?
Any idea what happened to CDBT?
We're getting closer to D-Day...anyone have any last minute thoughts before this ship sinks?
I want to give them the benefit of the doubt, I really do but somehow I think there's more to this story than the company has told us. Maybe that's why they've been silent for so long.
My first guess is a takeover of NEP by Petrochina. It would make sense for Petrochina to buy the company on the cheap which is exactly what's going to happen when the stock price falls drastically after trading resumes. This has "conspiracy theory" written all over it.
However, and more than likely, the company is actually operating normally but just has little regard for the fact that trading was halted. In a strange way, while chinese small caps have been hammered over the past few months, NEP hasn't budged. That's about the only positive thing to come out of this.
I think we'll get something this week. I'm just not sure what it'll be.
It's hard to believe this stock is still flying under the radar. After a major jump to $2.05 after the announcement of a major contract, the stock has dropped 50%.
In the most recent quarter, IGC has signed a contract with a leading Chinese mining and smelting conglomerate. The initial contract is valued at approximately $35 million for an initial 12-month period. There is a customer option that could extend the contract for 5 years for an additional renewal value of up to $176 million.
It's important to note that this contract will not start shipping until late Q3 or Q4. With this contract, IGC now has a backlog of approximately $200 million in iron ore business.
The company is making waves in its domestic market as well, recently signing a rock aggregate supply contract with a large road development company. The contract is valued at approximately $945,000.
Let's note that delivery on this contract is also later this year.
With only 13 million shares outstanding, less than 10 million on the float, and a market cap of just $13.51 million, this stock is set for a major pop in the coming months.
We've been waiting for this week for what seems like forever. My prediction is that everything is in place and we're going to see incredible numbers from a growing oil company. Of course this is my optomistic side talking.
My brain, which keeps reminding me that management has dropped the ball on numerous occasions, thinks that July 14th could pass by without so much as a peep from the company.
I'm hoping that all the eggs I put in the basket may finally hatch. If they don't hatch this week, this nest is falling out of the tree and everything inside it is dead.
It looks like it's all good news for China Natural Gas lately. In a recent acquisition, CEO Qinan Ji seems genuinely excited about the prospects of the new compressor station as it helps the company expand deeper into Hubei Province.
The LNG plant in Shaanxi Province, one of the largest LNG plants in China is coming online and the company anticipates that the LNG plant will make a significant contribution to its business model by the end of the fiscal year 2010.
Another growth stock here that is over 50% off it's 52-week high! Too much of a bargain to pass up.
With the stock over 45% off it's highs for the year, I'm a buyer. Here's a company that has seen revenue explode 228% year over year in the last quarter. The distribution network is, and I quote the CEO, "in the early stages of expansion" as the company expects to go from 250 to almost 500 direct sales stores this year alone. Profit may not be as high as we'd like due to the expansion plans but once the costs of putting this network are in place I expect significant EPS growth.
In a growing industry, you have to like this growing company.
I'm looking at today's appointment of Mr. Ruishi Hu as a Director of the Board of Director as very positive news.
According to the press release, Mr. Hu has over 30 years of experience in the petroleum industry in China. He certainly would not be joining NEP's board if he thought there was something to worry about.
From an NEP company standpoint, this is a great addition because Mr. Hu has significant experience working with Petrochina. He is serving as a director of Qianguo County Mongolia Autonomous Petroleum Development Company, a joint venture established by PetroChina Company Limited ("PetroChina") Jilin Branch and the government of Qianguo County.
From 2007 to 2009, he served as the chief representative of PetroChina to the Company's subsidiary, Song Yuan City Yu Qiao Oil and Gas Development Limited Corporation.
From 2004 to 2007, Mr. Hu served as a director of Songyuan City Jingyuan Petroleum Development Company, a joint venture established by PetroChina Jilin Branch and Beijing National Economic Council. Prior to 2004
All in all, this is positive news or as positive as it's going to get before we see some real numbers and the stock starts trading again.
I love that management for ONP came out today and defended their company and false accusations. This type of press release shows me that they care about their investors.
I'm a buyer.
Can someone explain to me how this stock keeps getting crushed? It's trading at a small P/E, has plenty of growth coming, and is even backed by a nice dividend.
Finally China is going to let the Yuan appreciate! ADR's and stocks of companies like CCME, QKLS, SINA, YONG, CHLN, XIN, TPI, HOGS, CSR, and LLEN all stand to benefit. In fact, all Chinese stocks who receive 100% of their revenue from the chinese consumer will benefit.
These companies need to do nothing more than open their doors Monday morning to find that, to us Americans, they're going to be worth more than when they closed on Friday afternoon.
But what will a floating yuan do to the world economy and specifically to us in America. As an owner of a company that imports good from China, I'm certain the factories I purchase from will be raising prices. In turn, I will need to pass these increases along to the American consumer. I can only imagine how hard this will hit a company like Walmart.
It will take years before the US can begin becoming a "manufacturing" country again. People aren't willing to take the risk on opening new plants during a recession and Americans don't want to work for $9-10 an hour. They can make that kind of money serving tables without breaking a sweat.
The one thing I do know is that I'm dumping american consumer stocks with no overseas exposure on Monday morning. I'll be buying companies with exposure to the chinese consumer.
Here's a case of a stock that has been beaten down so hard in the past few months, people are just afraid to jump in. CHLN is doing everything right. Let's look at a few facts:
1) Revenue for the year is expected between $179 million and $198 million, an increase of 107 percent to 129 percent from the $86.6 million in 2009. That's amazing growth
2) The company said real estate performance for the second quarter is encouraging with apartment unit transaction volume and average selling prices in April higher compared to the previous month and previous year. Sounds like we should have a solid quarter coming.
3) Trading at a forward P/E of less than 3! The book value as of last quarter was $2.56, just a penny below the actual stock price!
4) The company recently announced they will retire up to US$10 million Non Convertible Notes through the issuance of approximately 1.73 million common shares at US$ 5.57 per share. Mr. Pingji Lu, Chairman of China Housing said, "The issuance price is set at US$5.57, which based on our current share price, represents notable investor confidence in our future performance." I agree with him.
5)21.51% of the float is short. You can almost feel a squeeze coming, likely just before earnings.
Monday morning I'll be looking to double or possibly triple my stake.
That's why I throw out the idea of Petrochina buying the company. As the only customer, they basically own the company in an indirect way. We know PTR would love the reserves on their own books and with all that's happening with NEP, they should be looking at NEP's issues as a cheap way to takeover the company. It would also explain why it's taking forever for NEP to announce any real information.
I'm sure that if PTR comes in anwhere north of $7.00 a share (more than 35% off NEP's 52 week high), plenty of NEP stockholders would be happy to take the cash at this point and walk away.
At this point, I'm just hoping it's soon. I'd imagine sometime before the middle of July
Finally some news out of the company. Now we just need to see the numbers.
You have to wonder what's taking so long.
Does anyone have a clue what happened to this company?
seems the message board has been quiet for awhile. Let's start the chatter again.
GCHT is a stock I'm holding and putting away for a few years. With all the projects they have in the works and the money the chinese government is committing to alternative energy, it won't be long until this company is swimming in cash.
still a very inexpensive stock and if it falls any lower I'm going to have to jump in for more shares. At this growth rate I'm thinking we're looking at a double in the next 2 years,
Why can't this stock get going? It seems that the news has been positive for a few quarters and yet there are no buyers in the market.
Sounds like the need some IR people on this side of the Pacific.
is it just me or does it look like this company is getting ready to run a money printing plant? I love what I'm seeing here! This stock doubles in a year in my opinion
Something doesn't sounds right here. NEP has had plenty of time to get their act together and they've failed. A company of this size has plenty of money to hire as many accountants as needed to complete this audit in a short time frame. That is, unless the task is larger than what we've been told this far.
What's worse is that this company hasn't communicated to it's shareholders in a meaningful way since trading has ceased. We're not talking about rocket science here. Just a few words to the effect of "things are still heading in the right direction and the company is still turning a nice profit" would go a long way toward some good will.
I was a strong beiliever in this company and their business model but I'm really struggling with their management decisions here. I'm hoping that Petrochina may step in and buy the company....