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I don't have a clue. I believe the numbers are real, but nobody else believes them because of all the fraud coming out of china. If the company would take steps to prove their earnings are real I think it would help a lot.
UNRH, TTM Earnings .90
Last Trade .90
that gives UNRH a P/E of 1
with a book value of 2.62
talk about undervalued, this stock is highly undervalued.
Has anyone ever heard of a Russian Company called UNR Holdings? Its got a PE of 1.5 and trading at 50% below book value!
Correction, The book value of the Total Company would be 3.92, however after a closer look at the numbers UNRH only holds 68% of the total company which gives the Public Side of the company a book value of 2.62. I apologize for the miss quote.
on top of all that, the company now has a book value of $3.92
Its trading so far below book its ridiculous.
Sorry, it was a 2 mil loss not a 2.5 mil.
Close enough, it is what contributed to the -1 cent loss this quarter.
Selling, general and administrative costs . Selling, general and administrative costs increased by $3.1 million to approximately $3.9 million for the three months ended June 30, 2011, as compared to approximately $0.8 million for the three months ended June 30, 2010. This was primarily due to the anti-crisis measures our company implemented during the fiscal year 2010, such as a reduction in force and more efficient utilization of the remaining personnel, as well as the savings we realized on the costs of transportation, communications, security and lease of an additional office space offset by increases in professional fees and approximately $2.0 million in costs in setting up planned operations in the Middle East, which plan was abandoned by the Company in the second quarter of 2011.
Income (Loss) from Operations. Income from operations decreased to a loss of approximately $1.1 million, from income of approximately $5.3 million for the three months ended June 30, 2011, primarily due to significant increases in cost of goods sold and selling, general and administrative expense during the three month period ended June 30, 2011.
ONE TIME LOSS, i will find it and post it here for you to see.
NO they wrote down a loss from pulling out of the UAE project, they took a loss of 2.5 mil. I did read the financials.
We have to understand Russia, and Construction in and around Moscow. They cant build much during the winter months. This means that right at the beginning of spring they buy materials and start to build.
Understanding Russia is a huge part of investing there. Understanding that winters are brutal is important.
Understanding that they do most of their building Spring, Summer and Fall, and very little building in the Winter is important.
Did you see the inventory increase? Inventory went from 95 mil to 145 mil, thats a $50 mil increase in inventory.
As they sell these property's that they build the inventory will decrease and the sales will increase.
Remember this company has 1.2 billion in projects contracted and that need to be completed in the next 3 years.
Lets divide that out, to an average of 400 million per year in projects. Thats a huge number and growing. This company is very healthy and growing. This stock is highly undervalued.
I dont think anyone new about a bad quarter, because the quarter was not bad. It was a one time write off from pulling out of UAE and their plans to expand there.
No one new anything about any bad quarter. The financials still look fantastic, a loss of one penny due to a one time write off is no big deal. Here is the financial summary copied and posted right from the 10Q .
Consolidated Results of Operations for the Six Months Ended June 30, 2011 Compared to the Six Months Ended June 30, 2010
Revenues . Total revenues for the six months ended June 30, 2011 increased to $75.4 million, or 91.13%, as compared to $39.4 million for the six months ended June 30, 2010. The increase was a result of a gradual pickup we experienced mostly in our construction and development business in 2011 and substantially higher prices for apartments and commercial space; no assurance can be given that this trend is sustainable.
Cost of Sales . Cost of sales increased by $20.6 million, or approximately 72.7%, to $48.9 million for the six months ended June 30, 2011, from $28.3 million for the six months ended June 30, 2010. We attribute this increase primarily to an increase in revenues in 2011 from increasingly profitable projects located mainly in the city of Moscow.
Selling, general and administrative costs . Selling, general and administrative costs increased by $3.3 million to approximately $4.9 million for the six months ended June 30, 2011, as compared to approximately $1.5 million for the six months ended June 30, 2010. This was primarily due to the anti-crisis measures our company implemented during the fiscal year 2010, such as a reduction in force and more efficient utilization of the remaining personnel, as well as the savings we realized on the costs of transportation, communications, security and lease of an additional office space offset by increases in professional fees and approximately $2.0 million in costs in setting up planned operations in the Middle East, which plan was abandoned by the Company in the second quarter of 2011.
Income from Operations. Income from operations increased by approximately $12.0 million, from $9.5 million for the six months ended June 30, 2010 compared to $21.6 million for the six months ended June 30, 2011, primarily due to the increase in sales.
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Table of Contents
Other Income(Expense). Other income decreased from $2.0 million for the six months ended June 30, 2010 to $0.68 million for the six months ended June 30, 2011, primarily due to a decrease in interest income.
Provision For Income Taxes . Provision for income taxes increased to $4.4 million for the six months ended June 30, 2011 as compared to $2.3 million for the six months ended June 30, 2010. The increase is primarily due to the increase in net earnings during 2011.
Net Earnings . Net earnings increased to $17.9 million for the six months ended June 30, 2011 as compared to $9.2 million for the six months ended June 30, 2010. The Company contributes the increase in earnings primarily to the substantial increase in sales offset by an increase in operating expenses.
Consolidated Results of Operations for the Three Months Ended June 30, 2011 Compared to the Three Months Ended June 30, 2010
Revenues . Total revenues for the three months ended June 30, 2011 increased to $35.6 million, or 78.6%, as compared to $19.9 million for the three months ended June 30, 2010. The increase was a result of a gradual pickup we experienced mostly in our construction and development business in 2011 and substantially higher prices for apartments and commercial space; no assurance can be given that this trend is sustainable.
Cost of Sales . Cost of sales increased by $19.0 million, or over 138.2%, to $32.7 million for the three months ended June 30, 2011, from $13.7 million for the year ended June 30, 2010. Cost of sales increased substantially during the second quarter of 2011 as compared to 2010 primarily due to an increase in estimating the percentage of completion costs of ongoing projects. We attribute this increase also to an increase in revenues in 2011 from increasingly profitable projects located mainly in the city of Moscow.
Selling, general and administrative costs . Selling, general and administrative costs increased by $3.1 million to approximately $3.9 million for the three months ended June 30, 2011, as compared to approximately $0.8 million for the three months ended June 30, 2010. This was primarily due to the anti-crisis measures our company implemented during the fiscal year 2010, such as a reduction in force and more efficient utilization of the remaining personnel, as well as the savings we realized on the costs of transportation, communications, security and lease of an additional office space offset by increases in professional fees and approximately $2.0 million in costs in setting up planned operations in the Middle East, which plan was abandoned by the Company in the second quarter of 2011.
Income (Loss) from Operations. Income from operations decreased to a loss of approximately $1.1 million, from income of approximately $5.3 million for the three months ended June 30, 2011, primarily due to significant increases in cost of goods sold and selling, general and administrative expense during the three month period ended June 30, 2011.
Other Income(Expense). Other income decreased from $1.0 million for the three months ended June 30, 2010 to $0.3 million for the three months ended June 30, 2011, primarily due to a decrease in interest income.
Provision For Income Taxes . Provision for income taxes decreased to a benefit of $.02 million for the three months ended June 30, 2011 as compared to $1.2 million for the three months ended June 30, 2010. The decrease is primarily due to the decrease in net earnings during the three months ended June 30, 2011.
Net Earnings . Net earnings decreased to a loss of $.05 million for the three months ended June 30, 2011 as compared to net income of $5.1 million for the three months ended June 30, 2010. The Company contributes the decrease in earnings primarily to increases in cost of goods sold and selling, general and administrative expense during the three month period ended June 30, 2011.
Well i attribute that to market conditions, the news came out and the general market was crashing. I think people sold their small stocks to cover margin calls on their big stocks.
I think the biggest problem is market conditions, which in turn has made this stock have a lack of volume or interest.
And no i was not selling it to you, however maybe everyone else!
It gets no respect for many reasons.
#1 people just got burned by China, now we are talking about a Russian company and people dont trust Russia.. However Goldman Sachs said to get out of China and get into Russia especially companies involved with Construction of Infrastructure such as Roads and new home and apartment/condo building.
UNRH is exactly in this business, roads and new Condos.
#2 Its summer time, have you heard of the term "Sell In May and Go Away"??? Well summer traditionally trades on light volume. Plus the fact that the government of the USA cant get their head out of their butt's this summer has been especially bad for the market. However, since the market is cyclical and after Labor day Fund Managers come back to buy bargain stocks on the Large Caps, it usually frees up money for others to start to look for bargain small caps. UNRH is in my opinion the best bargain small cap on the market.
#3 Construction companies in the US are getting no respect right now, Brokers and Investors do not understand that just because our construction market is not booming that does not mean that in other countries the construction might be booming. In the case of Russia, they have the 2014 Winter Olympic games ahead which means they need to build Stadiums, Roads and Hotels for that event. Then they have the World Cup in 2018 which means they need to build 12 more Stadiums along with roads and hotels.
UNRH is 25.5% owned by the government. UNRH builds Roads and Bridges. UNRH builds high rise hotels and condos. UNRH has a Patented product called Prudon 494 which is used to harden roads bridges and pipeline paths.
Who do you think the government is going to give the bids to first? I would think UNRH would be a top candidate considering they have already in hand US $1.2 billion in contracts for the next 4 years. UNRH has been a solid company for more than 40 years and a solid public company for 3. Numbers are Stellar and getting better every year.
#4 Last people think Russia is run by the mafia. Well if that is true then so it is also true that Las Vegas in run by the mafia, so is NYC, so is Washington DC and Chicago and Miami.
Get over it people, this stock is so highly undervalued its ridiculous. UNRH is an incredible buy under $5, its only 1.24 now. After $5 they should get a NASDAQ listing which means that fund managers can buy. So lets be realistic, give it a PE of 15 that would mean an $18 stock price right now.
Why would i say a PE of 15? Because there are very few Russian stocks traded in the USA, and that means there is room for this stock on an Index of Russian stocks. Get it up on an Index and all the funds will automatically buy it. Give it a PE of 15 at least, maybe 20, maybe 30. Industry average is 33.
Enough said, Go Buy Some Stock, or miss it if you dont. I believe $5 is an underestimate by far.
UNRH, trading at 1.70, Book Value 2.36, Earning Trailing Twelve Months 1.05.
Stock highly undervalued with a P/E of 2.8 in an industry that trades at an average P/E of 33.
http://www.barchart.com/opinions/stocks/UNRH
Trend Spotter
Short Term 100% BUY
Mid Term 100% Buy
Long Term 66% Buy
click the link above you will be impressed,
Thanks
TBone
You will do very well to get in this stock now before it goes any higher!
Be Blessed, look for my next post!
Yea, .51 cents a share in earnings is nothing to sneeze at, this stock is so highly undervalued its not even silly!
2010 earned .66 cents for the year
Q1 of 2011 earned .51 cents??
I guess brokers dont know how to find undervalued stocks, cause this stock should be well north of $10 with these earnings.
An Eye?? Where do you think the buying is coming from??
UNRH, the e came off today, the bids are up, the spread is down to only a nickel and its trading at 1.25 x 1.30 with earnings of .66 cents. Gotta love a stock with a PE of 2 and 107 mil revenue!!!!
they did get hooked up with a new ir firm, www.centerpointcg.com
Did you notice bids up today, not a lot of volume but there are people out there trying to see if there will be any sellers. None, there is no stock available, so no sellers at the bid. I think we should see some offers being hit tomorrow. It should be a good day.
I also hear the 1st quarter will be out in the next few days. The E should drop off the symbol in the morning and then another press release next week.
Things are going to be really good for UNRH in the next few days and month.
This is a very undervalued stock, very highly undervalued.
thats good chit, have you seen the goons over on the yahoo message board?? What a joke the MM have hired a bunch of posters to make the stock look bad and all they are doing is making themselves look bad.
I predict SFEG $10 in under 24 months, earnings driven.
be careful, you cant post on to many boards before they call it spam, just one or two once in a while.
The 10k came out today.
107 mil revenue, .66 cents earnings
PE of 1.8
Not to bad, we should start to see some action soon.
no worries, not worried about the RC thing.
you know your right, I have forgotten to post the earnings of this stock in the last few days, I do like the stock and have been sucking some of it up at the bid. However I do think that when their audited 10k comes out that someone might take notice and start to buy this thing. I mean come on, the first 9 months this stoch UNRHe has a pe of less than 2, so if they even make what, lets say .05 or .10 cents in the 4th quarter that will make this stock highly undervalued.
My opinion is that they need to find some people that are willing to invest into Russia and its growth.
Are there any Russian Stock brokers out there that will buy UNRH? It has to be one of the most undervalued companies on wall street.
Well I hear their numbers the 10k should be out within the next week or so. Finally audited financials with a US auditing firm and the numbers should look pretty good.
UNRH is seriously a highly undervalued Russian Company. In My Humble Opinion.
well its climbed under $3 to over $40 in less than 3 years, it does have a pe of 90, it might be a little top heavy!
However SFEG is the type of stock that has not been uplisted to the AMEX yet, and when it does i think it will make the same type of run as ANV did!
Hey all, I came here a few weeks ago and talked about ANV and the comparison with SFEG.
Well SFEG just came out with their first earnings announcement since they started shipping gold and silver to smelters.
Take a look, because if SFEG is doing more per ton or ore than ANV this sfeg could be very explosive.
Thanks and great job on this ANV also.
Time to get to the other producing stock boards and post a little message or two about sfeg, bring some new eyes to the stock.
If all the longs here go find another board to put a little post on sfeg on another stocks site, we can get a few more eyes on this thing here.
Anyone with me? Im gonna do ANV.
I also own 300,000 shares, its cheap here, if it goes, it will go big.
I would like to see more from the company, but its a waiting game, if i get 100% in a year thats a great investment. However I expect more like 1000% in that time frame, so i bought in...
My personal numbers revised, You can see them on the yahoo board also.
SFEG Production Values (Revised 5/3/2011)
Facts On Record
Ore composition: 10.5 oz Silver and .14 oz Gold per ton
Metal recovery is about 85% of total metal in the ore
Smelter Fees are about 5%
Figures below take into account the above facts.
Recovered metal in 100 tons of ore: Silver Gold
892oz. 11.9oz.
Value @ 2/2/11 prices * $24,574 $15,600 Total Revenue $40,174
Value @ 5/2/11 prices * $37,285 $17,455 Total Revenue $54,740 (up 36%)
* Date/Price Reference
2/2/11 5/2/11
Silver Price $29 $44
Gold Price $1,380 $1,544
Daily Revenue at 100 Ton Production at 5/2/11 prices $54,740
Monthly Revenue at 100 Ton Daily Production (28.5 days) $1,560,091
Annual Revenue at 100 Ton Daily Production (340 days) $18,611,600
Daily Revenue at 400 Ton Production at 5/2/11 prices $218,960
Monthly revenue at 400 Ton Daily Production (28.5 days) $6,240,360
Annual Revenue at 400 Ton Daily Production (340 days) $74,446,400
Projected Net Profit Percentage at 400 Ton Daily Production 50%
Projected Net Profit at 400 Ton Daily Production $37,223,200
Expected Shares outstanding (after Columbus Silver acquisition) 103,000,000
Projected Annual EPS at 400 Ton Daily Production $.36
Sentiment : Strong Buy
well if the sellers dont slap it down it would have run up there already!
My Personal assessment.
SFEG Production Values
Ore composition: 10.5 oz Silver and .14 oz Gold per ton
Total metal in 100 tons of ore: Silver Gold
1050oz 14oz
Value @ 2/2/11 prices * $30,450 $19,320 Total Revenue $49,770
Value @ 5/2/11 prices * $48,300 $21,938 Total Revenue $70,238 (up 41%)
* Date/Price Reference
2/2/11 5/2/11
Silver Price $29 $46
Gold Price $1,380 $1,567
Daily Revenue at 100 Ton Production at 5/2/11 prices $70,238
Monthly Revenue at 100 Ton Daily Production (28.5 days) $2,001,783
Annual Revenue at 100 Ton Daily Production (340 days) $23,880,920
Daily Revenue at 400 Ton Production at 5/2/11 prices $208,952
Monthly revenue at 400 Ton Daily Production (28.5 days) $5,955,132
Annual Revenue at 400 Ton Daily Production (340 days) $71,043,680
Projected Net Profit Percentage at 400 Ton Daily Production 50%
Projected Net Profit at 400 Ton Daily Production $35,521,840
Expected Shares outstanding (after Columbus Silver acquisition) 103,000,000
Projected EPS at 400 Tons Daily Production $.34
Give or take a few pennies, this should be pretty close!
look here is the situation, we are sitting on a stock APIT that has a lot of hidden assets that the public does not understand yet. You have to read everything and get to know the company very well to full understand it all.
Fact is the CEO has a ton of friends and family over in China that is willing to put their properties and companies into this stock to make it work.
We could be sitting on a real opportunity here with Bok Wong at the helm making good business decisions to make this company grow.
Ive seen this before in another stock, LLEN and a ceo that got the job done and made a bunch of people a lot of money in the last 2 years. This company and its CEO act similar in nature as far as acquisitions go as they did in LLEN's ceo Dickson Lee.
We are gonna make a killing here in this one APIT just like i did with LLEN.
I will get as much public info as i can.
I do expect more news this week, dont know what it is, of course, but something this week. and next as well.
Your buying this stock?? No One is buying this stock, I wish someone would start!
Yea me neither.
I have been talking with a bunch of people associated with the company, and we think someone might have taken a short position. Since no one hit the bid to fill his short, who ever it is keeps offering down to scare investors.
There is not really any other explanation.
I will sell mine around ooh, $10, it might take 2 years or so but i wont ever work again!
APIT is now an OTCQB, no longer a pink sheet.
Fully Reporting and listed on the QB.
http://www.otcmarkets.com/stock/APIT/quote
From what I hear the Audited 10k should be out in the next few days.
Also the first quarter should be on time which means around May 15th I think....? Or is it May 1st. I forget but its coming soon.
Anyway from what everyone is talking about they should show some small profits in the first quarter from the MyGos division of the company.
Thanks!