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It is a bit earlier at this stage. Let's get some feed back from those who are China trying to arrange a meeting with Mr. Shi.
If it does not work out, we will need to find a way to put pressure on Mr. Shi. Mr. Shi is the representative of People Congress in China. He may care about his political status in that province. ENHD alos exports pork to Singapore. It will be helpful for anything we can do to put pressure on him to make him realize that he may suffer politically or his business may be affected.
Hi ycli,
I just sent you a private message.
Northern
We have a shareholder flying to China today. He is going to meet Mr. Shi next week or the week after. We should know more after the meeting. He knows Mr. Shi very well and owns a ton of ENHD shares.
I cannot post the phone number on the public message board. I can send it to you through private message.
Hi Ycli, A shareholder of ENHD who knows Mr. Shi personelly gave me a contact person's phone number. I called that phone number and was directed to Mr. Shi. The shareholder is flying to China today and will meet Mr. Shi next week or the week after. He has known Mr Shi quite well. He has visited the facility.
I talked to ENHD's president and chairman of board, Mr. Shi last night. He said that they delisted from US market in order to prepare to list on Hong Kong or Chinese market. The next step, according to him, is to acquire shares from the current US share holders. I asked when and at which price they are going to that. He said that he did not know until further discussion with his staffs. But he definitelly needs to buy the shares back from us. He did not give further details.
I don't know how much I can trust what he said. But that is what he told me.
Northern
That is what I saw, too, regarding going private. But they need to announce purchase of shares from us, the current shareholders and at which price. We have not seen that yet.
If you give me your phone number, I can call you.
We have to wait and see. There are two possibilities:
(1) Buy back shares from the current shareholders and go private. If that is the case, we should get our money back plus some profit.
(2)Stops filing all together and does nothing. The stock will go to pink sheet. The share price will remain depressed and the stock will be traed on the pink sheet. Legeally, we will still be shareholders of the company owning some piece of the business.
That is the risk we have to take. But it is too early in regard to ENHD. I need to weigh my option here.
Thanks. ENHD is also my biggest holding, but only about 20% of my capital. I am pretty sure that I can recover. Not a big deal. Good luck to you.
I have not sold a single share. To make everyone here fell better, I own 2.5% company. I did not see this coming and this is the 1st time happening to me.
ENHD filed Form 15. It goes private. It will stop filing. We have to wait for the next step from the company to know what they are going to do with us, the current shareholders. It is a surprised to me. There are several Chinese companies listed on US market that went private. Usually, they bought shares back from the current public shareholders. I don't know whether this is case here or not. They may also stop filing and do nothing. If so, that is a real shame. We have to wait and see.
Re:ENHD. The answer is yes. There is no penalty as far as I know. The total share count remains the same, about 21 million shares. There is delay for uplisting, originally for October 2010 and now delay to 2011.
ENHD websites and related information: http://www.baidu.com/s?cl=3&wd=%B4%F3%C1%AC%B4%A1%C3%F7%BC%AF%CD%C5&fr=vid1000
Great to see you, pappy. I think that ENHD is a very good play, trading below cash level, 1/3 book value and PE=1.4 for 2010. The big sellers appear gone.
Chinese information regarding ENHD from BIDU search:
http://news.baidu.com/ns?cl=2&rn=20&tn=news&word=%B4%F3%C1%AC%B4%A1%C3%F7%BC%AF%CD%C5
here is the link: http://biz.yahoo.com/t/66/970.html
The big sellers are Barry and his group of investors who did equity financing for ENHD. They have history of selling their other holdings earier (see the link below). For example, they sold their CBPO position at $4.1. Today CBPO is $16. They also disposed their HOGS holding far earlier. In my view, they just liked to dispose their positions after certain period of time, no any indication of the company fundamentals. I am very confident that ENHD is not a scam. There are tons of information from Chinese sources. In 6 months, it should be clear to you. I am very confident that it will be a big winner in 6 to 12 months. We will see.
Good luck, tika1. It may pop in January.
You have got a great price.
Regarding JADA, it may be a good year end tax selling play. I have never bought JADA before. I was not a fan. In Chinese jade market, the quality is critical. The high end jade is double in price recently. But the price for low end jade remains the same. There is a lot of supply of low quality jade. But there is severe shortage of high quality jade. It is much more difficult tom predict the earning performance of JADA. So I have not been a buyer so far.
I am buying, adding 15K @1.59, 15K @1.60, 5K @1.64 today. Have 8K at 1.58 currently.
Fundamentally, nothing has changed for the company operation. It is a great business in my view.
The weakness in price is due to the big sellers selling together with year end tax selling. Of course, the lack of PR from the company does not help. This may change after the hiring of a new CFO.
I think that it is great opportunity to add, right here and right now. I am a buyer now and in the nest few weeks.
Northern
I added 15K shares of ENHD at 1.59 and 15K shares of ENHD at 1.60 this morning. I have 8K bid at 1.58 currently.
Hi George,
Merry Christmas and Happy New Year to You and Your Family!
NL
Bought 55K shares at 0.54.
Over $1. It does not take long for CIHD to recover.
Hi Minding, I picked 20K shares of CSGJ at 0.56 today so far.
I picked up 7000 shares at 0.126.
I have less concern than you. I think that the Chinese inflation can be controlled. I have confidence that Chinese economy will do well in the next 10 years.
In their latest presentation, they projected $5.2 million net earning in 2010 and $7.5 million net earning in 2011. I think that the earning estimation for 2010 is farily conservation. Based on the cement price increase in the last 3 months, I think that they can easily make $6 - 8 million net earning in 2010.
You are welcome. I think that the timing is right this time. It may be the turning point for cement stocks. We will know more in 3 months. I want to know how deep the cement price will drop in the slow season in February - May next year. By then it should be clear.
This is their updated presentation. It is inetresting to compared this presentation with the 2009 presnetation.
http://www.chinashuangjicement.com/ir.htm
I have been buying CSGI for the last 3 months. Now I own about 320K shares at average price of 0.54.
This is a good news, but I suspect that they did not tell the complete story. The vertical kiln at Dongfang has been removed. So they will need to purchase clinker from someone else instead of producing by themselve. The gross margin should be lower. The good news is that they plan to get loan to finance the new plant instead of equity financing. Dilution is always my concern.
Who is bidding at 0.13? That is a high price to pay currently. But it should be a great deal one month's later.
That is a nice word for gambler.
I am more interested in the 10Q earning report for Q1/11 to be out by the middle of next month as well as Q2 report by the middle of April next year. Q1 and Q2/11 should be great.
I now have 421K shares at average price of 9.8 cents. I don't mind to buy more if they sell to me.