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Can you tell me what the post said? I didn't see it...
I believe that we'll continue to see a trend of chinese companies being taken private and potentially relisted on the chinese or Hong Kong exchanges. Heck, I wish I had the kind of cash to buy out some of these companies. There is major money to be made.
Earning are impressive! How is this a $0.76 stock? It should be at least $2.50 and that would give it a P/E just above 2!
GHII - 2nd Q Fiscal Year 2012 - "Adjusted net income excluding non-cash gains was $2.5 million, or $1.16 per fully diluted common share"
Not bad for a $0.76 stock....
we're here...hoping someone takes this company private. Seems to be the only hope....
That's a fact? That they'll all be halted? Sounds more like a prediction than a "fact" to me.....just saying
To the chinese small cap message board, a general note:
I just received a phone call from the investor relations department of a chinese company and I have to say, it made my day. It's nice to know that some companies care about their shareholders and were willing to provide answers to any questions I had.
These are the types of companies we should be finding and investing in.
I agree
XIN - looking great!!! Not good, great!!!
Keep in mind, this is for a company with a $188 million market cap trading at a P/E of 1.84
By the numbers - Full year 2011:
EPS of $1.36 per ADR!
$487.6 million in cash!
$761.9 million in real estate property being developed!
Expecting $95-$105 million in net income in 2012!
3,771,764 shares repurchased and $2 million left on current buyback!
Paid a divident equal to 3.8% at today's stock price!
Mr. Yong Zhang, Xinyuan's Chairman and Chief Executive Officer said,
"our development projects in Tier II & III cities have been better insulated from more significantly weaker housing prices in Tier I cities."
"average selling prices increasing 12%"
"For the full year of 2011, our revenue increased by 52.8% to US$688 million from US$450 million in 2010. Net profit surpassed US$100 million, which is virtually double the previous year's profit. This strong performance has allowed us to purchase land, reduce our debt, establish a stock buyback program, and initiate a dividend program."
XIN - looking great!!! Not good, great!!!
Keep in mind, this is for a company with a $188 million market cap trading at a P/E of 1.84
By the numbers - Full year 2011:
EPS of $1.36 per ADR!
$487.6 million in cash!
$761.9 million in real estate property being developed!
Expecting $95-$105 million in net income in 2012!
3,771,764 shares repurchased and $2 million left on current buyback!
Paid a divident equal to 3.8% at today's stock price!
Mr. Yong Zhang, Xinyuan's Chairman and Chief Executive Officer said,
"our development projects in Tier II & III cities have been better insulated from more significantly weaker housing prices in Tier I cities."
"average selling prices increasing 12%"
"For the full year of 2011, our revenue increased by 52.8% to US$688 million from US$450 million in 2010. Net profit surpassed US$100 million, which is virtually double the previous year's profit. This strong performance has allowed us to purchase land, reduce our debt, establish a stock buyback program, and initiate a dividend program."
Unexpected by who? I completely expected the panel to vote 'yes.' The positives of this drug far outweigh the negatives.
This may be the biggest blockbuster drug of our lifetime!
VVUS - FDA panel recommends approval of Qnexa in a 20-2 vote.
Viva Vivus!!!!!!
WKBT - a little interest shown in this stock today. Might be a good "flyer" as they have $1.50 in cash that was independently audited in June.
XIN - you've got 3 minutes to buy some if you want in on the earnings play for the morning!
I think something is definitely up here. There's a buyer looking for a shares and I'm guessing he has a good reason.
I dumped LNDT awhile ago at a loss although I've always had a little interest in it. My only problem with the company is that there have been so many deals that have gone on over the past few years that I'm convinced something is going on to hide money or dispose assets to other parties. I just can't keep track of who owns what.
Unfortunately I'm not a paying member of IHUB so I can't reply to private messages. I also run a business so I'm not on paltalk during the day although it seems you guys have a great time there!
MCOX is an interesting company but I would tend to agree that they have some challenges short term. XIN should jump on their earnings report.
Lookin good at heading north. I'm sticking with NEP all the way to $10.00.
Plenty of room to run here. Once the acquisition, I'm guessing LPH closes the day at $2.60 or higher.
If you're missing the NEP ride you're in luck because it's not over! We're climbing!
Burp, I've got something for you this morning.....
NEP - WEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE!!!!!!!!!!!!!!!!!!!!!!!
Things I'm following this week:
1) VVUS - the FDA meets on this one to determine the fate of what could be the biggest blockbuster drug of our lifetime, Qnexa.
2) XIN - earnings on tap on the 23rd. Expect big numbers from a chinese housing company that actually pays a dividend! This earnings report should give us some insight into the economy of the tier 2 & 3 cities in China.
3) NEP - Set to rally after some consolidation last week. Earnings date is creeping up fast.
Stocks I'm buying this week:
NEP, XIN, CHLN, MCOX, SOHU, CYOU
Things I'm following this week:
1) VVUS - the FDA meets on this one to determine the fate of what could be the biggest blockbuster drug of our lifetime, Qnexa.
2) XIN - earnings on tap on the 23rd. Expect big numbers from a chinese housing company that actually pays a dividend! This earnings report should give us some insight into the economy of the tier 2 & 3 cities in China.
3) NEP - Set to rally after some consolidation last week. Earnings date is creeping up fast.
Stocks I'm buying this week:
NEP, XIN, CHLN, MCOX, SOHU, CYOU
The only problem is there is a lack of awareness of this company. If I'm not mistaken there are less than 200 shareholders, all holding for long term benefit. There's no float, no ask, no bid, no volume.
Still a solid company making plenty of money.
XIN earnings on tap next week. I'm buying in today.
IGC - Earnings
I'd say things are certainly headed in the right direction! Keep in mind, this is a $0.32 stock with a market cap of just $6.71 million!
A few notes from the earnings report:
"our total projected reserves of iron ore and rock aggregate to about $590 million."
"We expect the new plant to be operational by the end of March"
"The non-GAAP pro forma EPS inclusive of all one-time charges and inclusive of Ironman was a net profit of $0.04 per basic share."
"The Company reported total assets of approximately $35.1 million"
"The Company reported cash, cash equivalents, and restricted cash used as deposits of approximately $4.62 million."
IGC - Earnings
I'd say things are certainly headed in the right direction! Keep in mind, this is a $0.32 stock with a market cap of just $6.71 million!
A few notes from the earnings report:
"our total projected reserves of iron ore and rock aggregate to about $590 million."
"We expect the new plant to be operational by the end of March"
"The non-GAAP pro forma EPS inclusive of all one-time charges and inclusive of Ironman was a net profit of $0.04 per basic share."
"The Company reported total assets of approximately $35.1 million"
"The Company reported cash, cash equivalents, and restricted cash used as deposits of approximately $4.62 million."
Did you see the SC 13G/A filed by NEP yesterday. What do you make of this?
http://www.harmonycapital.com.sg/aboutharmony.asp [url][/url][tag]insert-text-here[/tag]
I don't know why but I've got a feeling management has something up their sleeve. It could be management takeover or possibly a buyout by PTR. Correct me if I'm wrong but Petrochina will not be getting all the oil from the Durimu oilfield? Some will be sold to other customers?
I'm not sure but is it possible they're in a quiet period right now?
Any thoughts that this run has something to do with a coordinated seeking alpha article and the stock buyback?
NEP has been consolidating for a few days now. It looks like we're ready for the next leg up.
Yes, they're waiting to finalize and close on the purchase of a new facility that will double capacity. The deal is expected to close within the next few months.
I'd rather go on fact than a "memory" of something that you think happened three years ago. If you find it in writing, I'll believe it.
I'm sorry, I don't recall NEP borrowing money from any insiders. Could you please post a reference to this?
I think that some people just have a case of "it's chinese, it's a fraud" syndrome. I can understand this. I have the same thoughts sometimes.
But in my research, conversations, and calculations, NEP is completely legit. That's my opinion. I encourage investors to do their own DD but I think they'll like what they see.
Everyone is entitled to their opinion.
I wonder though, do you think that this year anyone in the world has spent several weeks with their team observing the oil drilled (and followed it to the customer), hired someone to check geological reserves, confirmed volumes and pricing, comfirming every $ of CAPEX and expenditures, visited SAT/bank, etc.....for Exxon? Or Petrobras? Or Total? Or Royal Dutch Shell? Maybe they're all frauds? But i doubt it...
I'm not sure I understand your issue with my statement. They have corrected and are current with all SEC filings. They have put out press releases for all meaningful events. They hold conference calls for earnings reports. What else would you like them to do?
I'll respectfully disagree with you.
NEP is not some unheard of company in the middle of nowhere. They're a publicly traded name on an American stock exchange. I'm pretty sure the legal department at Petrochina would be on top of it if their production and sales numbers didn't add up.
Want to know for sure? Pick up the phone and call Petrochina and ask them how much oil they purchased last year from NEP.
And on top of Petrochina, NEP just purchased drilling rights from China Kinwa High Technology Co., Ltd, a company that is listed on the Chinese stock exchange.
NEP has done everything right from an SEC reporting standpoint as well as investor cummunication.
Just because there are some chinese frauds out there does not mean NEP is one them. If you're going to say they are, I'd like to see some factual information to back it up.
I doubt they were on the call because they were bored at work. Yes, I'd imagine they're thinking about or have already gotten back in.
So let me get this straight...you're of the opinion that NEP, despite the fact that their one and only customer is one of the largest oil companies in the world, is a fraud? You think Petrochina would allow NEP to abuse their name not only privately, but publicly on a stock exchange as well?