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CHOP - impressive earnings numbers
Part of the problem seems to be that the company continues to issue "shares" for services by consultants. These consultants are probably selling their shares for cash which means we've got a bottom less pit here.
I'm out of WKBT.
CEHD - posts $0.92 EPS for 2011 diluted. Was trading at $0.12.
Should be an interesting morning.
SGTI - another chinese company going private.
Well in that case, I sent an email 16 days ago and have still yet to get a response.
XIN has been on a serious roller coaster lately but it looks like this one is about to break toward $4.00.
Solid chinese company that pays a hefty dividend.
At least someone received an email back. I sent a list of three questions and one recommendations and haven't heard a peep. What email address did you send to?
I'd certainly love to see if they send you a reply. If they would have sent me one I'd still be holding shares.
TBOW - Must be the fourth quarter! TBOW exploding!
Gives me the feeling it's all wrapped up. Just waiting on a press release. Monday morning maybe?
I see a very big difference between the two. For starters, no one is questioning NEP's business. They company is making money hand over fist and is growing rapidly. The questions the SEC has are about the way some money was moved around two years ago, something the company is insisting they had previously documented.
Secondly, NEP's only customer is PetroChina, the largest oil company in world and owned in majority by the country of China. I hardly think PTR would let their reputation be ruined by letting a BS company list on a US exchange and lie about selling them oil.
Lastly, when CCME got called out they put their tail between their legs and walked away. NEP was halted a few years ago and came out of their audit without finding any inproprieties. They had all lawsuits against the company thrown away in court. Now they're still fighting with the SEC. In other words, it doesn't seem as though they have any intention of giving up this fight.
If you want to write them off as zero, that's OK by me. Sell me your shares for a nickel each....
LPH - you'd have to imagine that they wouldn't be adding pictures to their website until the deal is done. Very bullish sign here. I'm a buyer this morning.
I'm not writing off NEP yet. I think we're going to see a nice surprise when this is all said and done.
I'm out of WKBT.
Here's why:
1. No company in their right mind with a serious business would let their website lapse.
2. They have have a recorded inventory of $1,024,467. This seems like a very low amount of inventory for a company with sales in excess of $101 million. That's not even 4 days worth of inventory.
3. In 2011, the company issued $8,705,000 in stock based compensation for eight months of "consulting services." I sure wish I was a consultant.....
4. I sent an email to the company two weeks ago with several questions and have failed to receive any response.
Too many other good companies out there to leave my money invested in this one in my opinion.
CHBU is going to explode on earnings. I'm in on this one too...
TBOW is about to blow!
Of course, us football fans will only buy TBOW in the fourth quarter :)
You have to like everything about YHGG except their investor relations. Awful press release today. Nothing about cash on hand and considering they had net income of $114 million I'd really like to know what's in the bank and what kind of debt they have.
I'm waiting on the SEC filing.
Not sure why you want to know. After all, I must be dilusional.
So dilusional that I made some nice money with other chinese buyouts. Seems my thoughts are a little far stretched for you. That's OK.
At this point I hope they get delisted. NEP will never get the valuation they deserve in the next few years on the American exchanges so it's better to just delist from here and then relist in Hong Kong or China.
Any way you slice it, this is still a strong business with excellent future growth ahead of it.
XIN - been a wild ride up and a wild ride back down. Stock is back at a point where it's a screaming buy. Dividend announcement should be upcoming.
LTUS - Just a hypothetical:
You put out a press release that says you're going broke. The stock price tanks. Someone comes in and picks up shares at rock bottom prices, maybe the CEO who decides he wants to "help" the company. Suddenly a company that was making over $1.2 million a quarter in profit is taken private and then relisted on the chinese or Hong Kong exchange.
Anyone want to tell me this scenario isn't "possible?"
China, the wild wild far east.
Any take on what does does for the potential buyout?
100 shares is almost a full day for GHII. There are very few shareholders of which I am one and no one wants to part with their shares at this price. This is easily a $5-$6 stock and all it takes is someone to come in and scoop up a few shares, even 100, to move the needle rapidly.
Fantastic! Maybe he's not planning on selling....
This is definitely good news but if the shares wind up being sold on the market it may be tough to see any large move up until the seller is finished. If I'm not mistaken, the payment in shares is equal to more than 5% of the company so we'd need to see a filing sometime soon.
I'm not surprised by this. It seems to me this is confirmation that they're going through with the buyout. Agree?
any idea why?
XIN deserves at least a P/E of 5 which puts this company above $6.00. They'll still buying back shares and issuing dividends. I'm staying in...
XIN - made a monster move over the last week and I don't think it's even close to done. This is the best chinese company out there IMO. They pay a nice dividend and have a ton of cash on the books. Fraud possibility is extremely minimal due to the fact that they're a property company and you can visually see their buildings!
LPH - someone is loading the boat.
The acquisition should be completely shortly and I think the shares being added today could be by someone "in the know."
Better get that buy order in early. I know a few other people planning on buying shares Monday too. It seems the consensus is that anything under $0.90 is a steal and it may be worth buying all the way up to $4.60 if you can get your hands on shares. Very low float and most of the shareholders are in this long term.
There aren't many shares outstanding so they really need to decide if they want to take the company provate or if they want to continue toward uplisting in the future.
Either way, the company is extremely undervalued and I expect to see a big move north on Monday.
On the surface, it has to look like WKBT is a screaming buy? Anyone have thoughts on this one?
Can you provide a link to the press release? I can't seen to find it.
ALN filing is in. Looks pretty good.
I just caught that on my second read through, thanks for pointing it out. Still trading way below cash on the books though.
Wait, you're going to buy a few thousand shares? After you've spend months telling everyone what a terrible company CCTC is?
Maybe you're having a change of heart here?
I think I just fell off my chair......
SGZH - $0.79 per diluted share in 2011. Not too shabby for a stock trading at $1.00 with about $2.32 a share in cash on the books.
What a joke. This should be $7.00 stock IMO.
LLEN - I don't know what to make of this. LLEN has basically said GEO is full of s**t and GEO is saying "not our fault?"
Can someone spell it out any better for me?
If I was a chinese company today I probably wouldn't uplist either. What are the benefits? I don't see any.
SIAF just does their thing, grows quietly, rewards their shareholders with a dividend, etc...