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My big thanks to SSKILLZ1, Lentinman, nsomnlyak, Bobwins, Researcher and KiK for organizing the PSL contests. My special thanks, particularly, to SSKILLZ1 for your time and effort.
Thanks everyone. Congratulation to KiK, GHMM and others for great performance.
Pull back today. Yesterday looks like the short term top for BFTI. The stock pops too fast and too quick and needs consolidation.
Bid is now 1.62 and ask 2.0 Huge spread.
Thanks.
Hi Northlion, Great profit for you! Your patient has paid off big time. I agree compeletely that you got to take profit sometimes considering the volatility of these micro stocks. It may turn out that you sell at the short term top.
I usually a long term player. So I may stay here for next 2 years since I just got in 1 month's ago.
Northern
How many shares did you sell out today if you don't mind I asking? The volume was about 13K shares. Thanks.
Hi NorthLion, that will do. How long have you been BFTI? Do you know how many shares roughly all your posters here own prior to reverse merge? Was that float about 600K shares before 1 to 4.08 reverse split?
Thanks.
Northern
Congratulation to a nice gain! I will.
Northern
BFTI - Kik, that is a crazy stock! I did not expect that it jumped like that. While I like it long term and have a position in it, I still suspect that the upcoming Q is not going to be good. I wonder who is chasing it.
BFTI is a potential huge winner. Small float and tightly held shares. With the jump in share price with little volume, it seems that MM has little shares available. If the company can deliver the huge growth potential, it will make shareholders rich.
But the only question is: does it have sell-off if a poor Q earning report next month? If so, it will be buying opportunity.
Bid 1.40 and ask 1.58
Someone bought another 2K shares.
My concern is that, if we take profit now, theupcoming quarter report turns out to be good, we may not be able to buy back the shares we plan to sell. The float is small. I decide to hold my position.
eevw, The current share outstanding after RS is 19.511 million shares based on the latest 10Q and 10K. But if you include warrents, the total and fully diluted share count would be 30.281 million shares. I think that you should be able to sell your shares if you wish so. The ,current bid is 1.20. If you want to sell your 4K shares, say tomorrow at 1.20, I think that you should be able to do so. But if you own over 100K shares, it may be a different story.
BFTI looks like a big winner (potential 10 bagger from the current level) long term. But short term, the next Q earning report may not be good since their production may be affected by their transion from the old production plant to the new plant.
I like BFTI a lot and plan to hold it long term although it is tempting to take profit at this level after more than double in one month.
eevw, The next quarter earning report is due May 15, 2010. So it is next month.
wow, bid at 1.30 and ask at 1.40
Who is buying BFTI?
More than 2000 wire & cable producers in China. BFTI is only one of them. The competition is going to be fierce. What make BFTI think that they can make it? We will know the answer in the next 12-24 months.
Lofty Revenue Target of 5 billion RMB in 5 years - from BFTI Website. 5 billion RMB = $730 million USD. If they can achieve this unbelievable output target, BFTI may have potential of $10-$20 share price in 5 years.
"Dalian, the most famous city of north China, is stepping on the world stage with its beautiful environment and solid economic power.
Dalian Befut Wire & Cable Manufacturing Co., Ltd. is headquartered in Dalian. The company has been investing hundreds of million yuan to construct Befut Industrial Estate covered an area of 150,000 m2 in ChangXing Island which is the third largest island of China. With shipbuilding, nuclear power plant construction, and other advantages in ChangXing Island, Befut is focusing on manufacturing marine cables, and other special cables. In the field of high-tech products, Befut has won competition unceasingly, standing on the forefront of the industry, and gradually have the overall strength entering into the global market.
Befut takes full account of the market demands, understands the demands of the shipyard, steel, coal, nuclear power plants, offshore oil platforms in-depth, and has created well-designed cables for special purposes, and special occasions. This has met customers' demands, while improved the company’s product technology as well. In 2008, only half of the year, Befut has applied for 5 patents. Now, Befut has ascended among the domestic high-tech cable manufacturing enterprises.
In early 2009, Befut Industrial Estate in ChangXing Island is going to put into operation. The company expects to reach the output value more than 5 billion yuan within 5 years. The market of Befut will expand to the whole nation, even to the whole world with the center of Bohai Rim."
This probably causes the recent surge in volume - from latest 10Q. The new facility is now in operation.
"In 2006, we commenced the construction of a manufacturing plant in the industrial zone on Changxing Island, which is 120 kilometers away from Dalian, for the main purpose of specialty cable production. As of the date of this report, we have completed the first phase of the construction, which includes 45,000 square meters of construction space on a parcel of land of 65,000 square meters. The construction includes production facility of 24,964 square meters, warehouse of 5,326 square meters, office building of 8,264 square meters, and other supporting facilities of 6,923 square meters (“Changxing Island Phase I Construction”). We have obtained land use rights to land of 85,000 square meters of property for the second phase of construction (“Changxing Island Phase II Construction”). We plan to commence our Changxing Island Project Phase II Construction when our Changxing Island Project Phase I Construction reaches full capacity in approximately three years or when we identify an appropriate strategic partner, whichever comes earlier. The main purpose of Changxing Island Phase II Construction is to expand our production capacity for specialty cable by introducing strategic alliances, integrating technology and industrial resources so as to make Dalian Befut the most competitive specialty cable producer in China and at the same time strive to enter the international cable market. After the completion of both phases, this project is anticipated to occupy a total of 150,000 square meters, with building construction of 87,000 square meters. We expect Changxing Island Phase I Construction to be operational by the end of 2009. "
Thanks Northlion. I think that I will hold my shares. But I think that Q1 earning report next month will not be good.
Thanks Northlion. If you don't mind I ask, how many shares do you have in BFTI, (1) 1k - 20K, (2) 20K - 50K and (3) 50K - 100K.
Northern
Thanks tika1. AWRCF is on my watch list. How many share of BFTI did you sell today?
Do you have a big position? It is tempting to take profit at this level. Q1 earning report may not be good since they are in transition from old plant to the new plant. Q1 earning report mat be out next Month (May 15). From valuation point of view, it seems fully valued based on the previous results. But it may be worthy more if they show good growth in earning and revenue.
Thanks for reply.
Northern
Has anyone still have BFTI shares? The stock has moved up nicely without news.
I called CFO, Michael Wang, of CGPI and left a message. I just got a call back from Ted Haberfield at HC International Inc. (CGPI IR firm). I was told that deliquent was an error. CGPI will be back to the normal listing imminently.
Northern
Kik, Re: CHGY, Q1 earning report is solid, buy falls short expectation considering that the stock has risen so far and so fast. So we have some profit taking Coal group business is seasonable and Q1 is low in production and sale due to Chinese New Year. They closed the coal mine for 2 weeks for Chinese New Year Holiday. They actually lost 3 weeks prodcution time. Their coal trading group was also affected by the Chinese New Year. Q1 earning is 9 cent per share. It would be 11.5 cents per sahre of earning without the affect of New year holiday. From the Q1 results, my earning expectation is now 40 -45 cents per share for this year assuming no increase in coal price. But it is likely that we will see increase in coal price going forward. I think that CHGY may acquire one coal mine in the 2nd half of this year. Uplisting may be around August/Septermer this year. It is still cheap. My share price target is $5- $6 by the year end.
Thanks Researcher. I am lucky being ahead currently. But anything can happen. I moved from the last one to the first one in 1-2 weeks so can anyone. KiK and Bob can move ahead of me in no time. But I still have two trades left. I can use them if I need them.
Thanks Art. I was hoping one of my picks would perfrom well, so I could sell the winner and double down into CHGY. But every my pick did not perform well. I had to sell one of the losers (WEMU) and double down into CHGY. I had been very confident that CHGY would perform well this year and it is also my top pick for the other contest.
Thanks Bob. I am still in holding all my shares of CHGY and believe that CHGY will continue performing well going forward. Did not post much on ihub except for some PM posts. I usually post on IV board.
Congratulation to you!
Northern
Bought 41K shares of BFTI at 0.48-0.65 (average price of 0.55). It is me buying if you wonder about voume in the last 2 weeks. I only got 100 shares at 0.65 today. Somebody bought at 0.80-0.85. Very low float and hard to get shares. I don't plan to chase higher at this stage.
Hi researcher59,
Many thanks for your generosity. This is the 2nd time that I have received this gift from you. How can I pay you back?
Thanks also for sharing of information, analysis, comments from you and others who acitvitely posting on VMC board and organizing this contest. VMC is the best internet site for stock discussion.
Northern
Hi Drexion, Thanks for your comments. I like to check any new stock mentioned on VMC board. This is part of my investigation in potential stock I may purchase or recommend. Nothing positive or negative. The first thing I want to know is total share count going forward if all the warrents are exercised. Care to list all the number of total share above each share price? Thanks.
Re:CCLTF.OB. Total 32.1 million shares including warrants based on SEC F1 filing (see F1 filing). This gives PE=9.6 based on their projected earning in 2009.
Kik, Re: SGZH.OB. I think that SGZH is going to have a big rise from the current level. It rose 12% today without much profit taking toward the market close. It did not rise as much as other coal stocks such as CHGY, PUDA and LLEN in the last 2 weeks. Part of reason was that SGZH did not have a good quarter last quarter due to their sale and profit were affected by one of their major customers shutting down their power plant for maintance purpose. The quarter they are going to report on March 31 should be a good quarter. SGZH is a cheap coal stock. It is about time for her to move.
stiffler, It looks like that we are the only two picking both CHGY and CNAM, which ranked 1st and 2nd in the performance of share price so far in 8 weeks.
cliffvb and nsomniyak, I was actually sitting at the last place twice in the last 4 weeks. Anything can happen in the competition.
Thanks Researcher59. I am now kicking myself by freezing my CNAM position yesterday for both competitions, which is up another 20% today. But CHGY and CNAM should pull me out the coldest bottom in the competition.
Hi valuemind, I think that SCOK is far over value at the current price of $49. I agree with Research that SCOK may be a good potential short play. As far as CHGY is concerned, it is still under value, trading at forward PE<5 at the current price. If CHGY can reach SCOK valuation, we are looking at over $8 share price. But I think that CHGY fair value at $5 by the year end.
Thanks Bob. Congratulation!
Regret that I did not double down in CNAM. Thought about it, but did not pull the trigger.