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I'll also add more if the 5.60's reappear on CREG too bb...tuna
In another exciting Chinese stock...CHGI 2.75 +.06 w/strong revs and earnings gains:
China Carbon Earnings Rise 50% From Previous Quarter
NEW YORK, Nov. 17, 2009 (GLOBE NEWSWIRE) -- China Carbon Graphite Group, Inc. (OTCBB:CHGI - News), the largest wholesale supplier of fine grain and high purity graphite in China and one of the nation's top overall producers of carbon and graphite products, today announced its financial results for the third quarter ended September 30, 2009.
Third Quarter 2009 Highlights
-- Net sales for the third quarter increased 52.58% to $5,580,776 from $3,657,515 for the second quarter. -- Gross profit for the third quarter increased 78.7% to $1,524,823 from $853,285 for the second quarter. -- Third quarter gross profit margin was 27.32% compared to 23.33% for the second quarter, an increase of approximately 4%. -- Operating income for the third quarter increased 152.85% to $1,273,103 from $503,302 for the second quarter. -- Net income increased to $935,265 from $529,550, a 76.61% increase from the previous quarter.
The Company substantially increased its earnings in the third quarter by 50% to $.06 per diluted share compared to the previous quarter of $.04 per diluted share.
Donghai Yu, the Company's CEO, stated, "We are extremely pleased with the significant increase in our third quarter production and bottom line performance. The Company's shift from low margin graphite electrodes to fine grain and high purity graphite is now resulting in greater revenue growth and higher gross margins. We continue to see a strong demand for our products as our customer base expands. We believe we are well positioned to grow our existing operations and increase our revenue base through strategic acquisitions in China."
About China Carbon Graphite Group, Inc.
China Carbon Graphite Group, through its affiliate, Xingyong Carbon Co., Ltd., manufactures carbon and graphite based products in China. The company is the largest wholesale supplier of fine grain and high purity graphite in China and one of the nation's top overall producers of carbon and graphite products. Fine grain graphite is widely used in smelting for colored metals and rare-earth metal smelting as well as the manufacture of molds. High purity graphite is used in metallurgy, mechanical industry, aviation, electronic, atomic energy, chemical industry, food industry and a variety of other fields. In September 2007, the company was approved and designated by Ministry of Science & Technology as a "National Hi-tech Enterprise." Of the 400 plus carbon graphite producers in China, China Carbon is the only non-state-owned company to receive this honor. For more information, visit http://www.chinacarbongroup.com.
Safe Harbor Statement
This release contains certain "forward-looking statements" relating to the business of the Company and its subsidiary companies. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors.
Contact:
Capital Group CommunicationsInvestor Relations:Kevin Fickle 415-332-7200 kevin@capitalgc.comMark Bernhard 415-332-7200 mark@capitalgc.com
tuna
Wick, I also added Chinese CHGI 2.75 +.06 w/strong revs and earnings gains:
China Carbon Earnings Rise 50% From Previous Quarter
NEW YORK, Nov. 17, 2009 (GLOBE NEWSWIRE) -- China Carbon Graphite Group, Inc. (OTCBB:CHGI - News), the largest wholesale supplier of fine grain and high purity graphite in China and one of the nation's top overall producers of carbon and graphite products, today announced its financial results for the third quarter ended September 30, 2009.
Third Quarter 2009 Highlights
-- Net sales for the third quarter increased 52.58% to $5,580,776 from $3,657,515 for the second quarter. -- Gross profit for the third quarter increased 78.7% to $1,524,823 from $853,285 for the second quarter. -- Third quarter gross profit margin was 27.32% compared to 23.33% for the second quarter, an increase of approximately 4%. -- Operating income for the third quarter increased 152.85% to $1,273,103 from $503,302 for the second quarter. -- Net income increased to $935,265 from $529,550, a 76.61% increase from the previous quarter.
The Company substantially increased its earnings in the third quarter by 50% to $.06 per diluted share compared to the previous quarter of $.04 per diluted share.
Donghai Yu, the Company's CEO, stated, "We are extremely pleased with the significant increase in our third quarter production and bottom line performance. The Company's shift from low margin graphite electrodes to fine grain and high purity graphite is now resulting in greater revenue growth and higher gross margins. We continue to see a strong demand for our products as our customer base expands. We believe we are well positioned to grow our existing operations and increase our revenue base through strategic acquisitions in China."
About China Carbon Graphite Group, Inc.
China Carbon Graphite Group, through its affiliate, Xingyong Carbon Co., Ltd., manufactures carbon and graphite based products in China. The company is the largest wholesale supplier of fine grain and high purity graphite in China and one of the nation's top overall producers of carbon and graphite products. Fine grain graphite is widely used in smelting for colored metals and rare-earth metal smelting as well as the manufacture of molds. High purity graphite is used in metallurgy, mechanical industry, aviation, electronic, atomic energy, chemical industry, food industry and a variety of other fields. In September 2007, the company was approved and designated by Ministry of Science & Technology as a "National Hi-tech Enterprise." Of the 400 plus carbon graphite producers in China, China Carbon is the only non-state-owned company to receive this honor. For more information, visit http://www.chinacarbongroup.com.
Safe Harbor Statement
This release contains certain "forward-looking statements" relating to the business of the Company and its subsidiary companies. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors.
Contact:
Capital Group CommunicationsInvestor Relations:Kevin Fickle 415-332-7200 kevin@capitalgc.comMark Bernhard 415-332-7200 mark@capitalgc.com
Quite a volatile stock...tuna
Thanks WANG CREG 5.98 HOD wants 6's imho...HUGE volume on it today!!! Got more at 5.90 a few minutes ago...tuna
CREG 5.98 +.80 HOD!!! 6's coming soon imho...tuna
BLGW .975 -.01 holding up nicely on good volume also today...tuna
WANG, Chinese CREG flying 5.90 and CGAQ .10 is the casino company that has a PE of less than 10 given their estimated earnings of over .01 for this year and have to believe they'll grow earnings substantially going forward!! tuna
Still like CGAQ .10 +.006 with a PE of 9!!! Based on their estimated earnings per share for this year! And I have to believe they'll earn more going forward...way too cheap imho!! tuna
Hey bb, I just got another 2k CREG at 5.90 here, thinking this is going to be more than a 1 and done thing...tuna
I just added another 2k CREG at 5.90 SM...tuna
Chinese CREG perking up NEWN 7.14 gone green w/great earnings imho: •New Energy Systems Group Posts Presentation on Investor Roadshow Website; Reaffirms Guidance of $1.23 Per Share for Calendar 2010, Excluding Acquisition Related Expenses
GlobeNewswire(Thu, Mar 4) tuna
Yes CREG hit 5.98 HOD...but my sell target is high 6's, so still quite a ways to go...haha!! I do feel it will get there soon however...tuna
Sorry bb...CREG 5.94 +.76 I'm guessing will run for 2-3 days if this high volume continues...tuna
Hey bb...Chinese CREG 5.83 +.65 HOD!!! Maybe institutions are jumping in this fast growth company just moved to NASDAQ this week!!! Love the bigtime volume bb....tuna
Nice wick on MILL...thanks for heads up! tuna
Yeah wick...just got in and see them popping...love it!!!
Finally...CREG 5.70 +.52 TAKING OFF!!! New to NASDAQ this week and with this kind of volume some institutional buyers may be coming in I'd guess...a worthy company with it's excellent growth imho...tuna
Nice choice in CREG SM...just came by to pick it but saw I was a few minutes late...haha! I'd love to see a close today near $6 on it and I love the volume!! tuna
CGAQ .105 +.011 watch for break of .11 this morning!!
Yep! .985 close on BLGW...new all-time high close!!
Someone buried my .094 bid on CGAQ...probably won't get more by close now...tuna
If BLGW .985 closes there it will be yet another all-time HIGH close....like it!! tuna
CGAQ .094 x .10 ut'ing here...tuna
Chinese CREG 5.31 -.14 coming off 5.15 LOD here...new to NASDAQ this week...would like to see some institutional buying in this rapidly rising company...tuna
Cool WANG NEP is another good Chinese stock I like also!! tuna
Consider that the .0128 earnings for CGAQ .094 annualized in their PR may come in higher than that as their profits rise for the casino...as this figure is based on the current profitability carried through at this rate to the end of the year. I'll guess their profits rise throughout the balance of the year personally...imho...tuna
.0128 earnings for CGAQ .094 may come in considerably higher as their profits rise for the casino... as this figure is based on the current profitability carried through at this rate to the end of the year. I'll guess their profits rise throughout the balance of the year personally...imho...tuna
Gary, I'll guess the .0128 earnings for CGAQ will come in higher as their profits rise for the casino...that annualized estimate was based on existing profitability using the first 150 days through the rest of the year. If it ends up closer to .02 annually I wouldn't be surprised assuming rising earnings over the rest of the year....jimho...tuna
Trying for one more CGAQ fill at .094 here...
Thanks for your thoughts fabian and I have to agree with what you're saying for the most part. And I still like the stock and imagine I'll be getting back in again as it's one of the Chinese stocks I like the story and earnings on....but low 4's may soon become available again imho...we'll see. Glad to have brought it to your attention at a good point...all the best! tuna
APT 3.42 +.09 another new HOD here...
WANG, just added more CGAQ .101 +.031 on this big news today:
Caribbean Casino and Gaming Corp Offers Stockholder Guidance With Key Statistics After Its First 150 Days of Operations: CGAQ on Target for First Quarter Profitability With a Price to Book Value of 3.05
Mar 23, 2010 12:14:00 PM
View Additional ProfilesMIAMI, FL -- (MARKET WIRE) -- 03/23/10 -- Caribbean Casino and Gaming Corp (PINKSHEETS: CGAQ) offered stockholder guidance today, based on its Sosua Bay Grand Casino Location's first 150 Days of Operations.
CEO Steven Swank commented, "We are committed to continuing to provide Investor communications at the highest quality and strive to make investing in CGAQ as transparent as possible while we continue our growth. Further, we are proud to release a guidance estimate such as this, for our first 150 days of operations."
During the first 150 days of operations Caribbean Casino and Gaming Corp. estimates the following guidance based solely on its Sosua Bay Grand Casino location.
Outstanding Shares: 89,217,301
Gross Earnings: $474540US
Book Value Per Share: $0.023
Current Price to Book Value: 3.05
Annualized Earnings Per Share: $0.0128
Current Annualized Price to Earnings: 5.47
Company ROI Annualized: 55.68%
The company's estimates are based solely on the Sosua Bay Grand Casino Location and do not include recent promotional expansion considerations and/or re-investment of earnings for future expansion.*
Mr. Swank continued, "Our ability to maximize efficiencies, gain international exposure and penetrate the local market clientele have provided us to become profitable within the first 150 days of business while many companies operate for 3 years before attaining profitability. We have defined an unprecedented business model in the Dominican Republic and continue to find the best opportunities available to replicate the model for the benefit of our stockholders."
*estimates are based upon the company's share price of $0.07 pre-market open on 3-23-10 and yearend results for 2009
About Caribbean Casino and Gaming Corp:
Caribbean Casino and Gaming Corp (PINKSHEETS: CGAQ) is the owner and operator of the Sosua Bay Grand Casino. The corporation is focused on becoming a leader in the Caribbean for gaming and entertainment to include live betting in its partnership with Kenilworth Systems Corporation from cameras located above tables within the Sosua Bay Grand Casino. Not only will Caribbean Casino and Gaming Corp offer world class gaming and accommodations within its facilities for those visiting our properties, but also allow patrons to wager (where allowed) from the comfort of their own home or hotel room. The casino is now the centerpiece in the Sosua Bay Resort at Puerto Plata, Dominican Republic, the largest and most populated Caribbean Island.
FORWARD-LOOKING STATEMENT
This report contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this report are made as of the date hereof and Caribbean Casino and Gaming Corporation undertakes no obligation to update such statements.
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Contact:
Caribbean Casino and Gaming Corp
Tyler Cornell
Investor Relations
Email Contact
631-765-8762
tuna
APT 3.40 +.07 and EBIG .167 +.008 both HOD's...tuna
Yeah restripe!! I'd like to see it close in the .11 - .12 area today but even .10 or better is good imho...tuna
My last fill was .101 restripe about a minute ago...and I too will be hanging on for a lot more than a day trade! Good luck to all of us in CGAQ!!! tuna
Really liked the earnings so soon in CGAQ news today!! Awesome!! tuna
BLGW .985 +.004 on over 400k volume already...a break and stay over a buck is coming in the not too distant future imho...tuna
I agree on CGAQ restripe!! This could be a huge play if folks give it a few weeks/months imho...tuna
Nice find gumzsa in CGAQ!! Like the news on it and I added at .10 a bit late to the party for today but early if you think ahead a couple of weeks maybe...thanks! tuna
Chinese SOKF 4.75 +.63 sold mine for a nice gain but way too early...LOL!! tuna