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I just added 16K shares at 0.10.
Q4 revenue of $13.818 million and Q4 loss of $244K. Q1/11 earning will be out by the middle of next month. It will be interesting to see.
10K for 2010 just out. Revenue of $50.06 million USD and earning of $417K. Poor performance.
Chinese pork price is not regulated and is basically market driven. Government interfers in the market in a way ny buying the pork if the price is too low and sell if the price is very high like now. The pork is stored in government reserve freezers. ENHD and HOGS went public becasue they wanted to raise capital for expansion.
As much as I don't like the current interim CFO, she has been filing 10Qs and 10Ks on time. There is no reason to doubt that it will not be the same in the future.
The companies stop filing because of poor business and peformance. That is not the case here for ENHD, which has very good business fundamentals.
The issue of shareholder loan is partially resolved.
http://biz.yahoo.com/e/101210/cihd.ob8-k.html
If you ever have a chance to talk to CEO, Mr. Shi, let him know that CFO is doing a very poor job in terms of communication with shareholders. He should replace CFO if he wants to see a much higher share price. I think that ENHD is a $10 stock in 1 to 2 years.
I also check to see whether I can talk to CEO.
The company (ENHD) is real. Their operation and business are real. Their numbers of 10Qs and 10Ks match well with their business. There are tons of information from Chinese sources confirming that. I don't think that you need to worry about that. AR is what they said in 10Qs that they gave their customers longer term for payement. Their AR should stabilize at the current level, which had already happed in the last 3 quarters.
The reason for depressed share price is becasue of bid shareholders unloading their shares. I don't blaim them. ENHD CFO is an idiot and the worst CFO I had ever talked to. She should be replaced. I undersatnd that ENHD is currently looking for CFO.
I cancell my order. Will come back in January.
I have a bid at 10 cents and I don't expect to get any fill.
The fical Q1 (the calender Q4) should be very strong. The eqrnig report will be out by the middle of January next year.
You may be able to recover your loss from this stock in 1 to 2 years.
I don't know until the 1st quarter of next year. By then it should be much clear. I do think that earning for Q4 is going be a very good since cement price has been rising fast, 40-80%, which should have a big impact on their margin. That is the reason I bought.
Have you ever tried to talk to the company before? Website is not working, neither is the phone number. I hope that they file that damm 10K on time.
No, it only took 2 weeks. Most of the volume was from my buying in the last 2 weeks.
I cannot sell and nobody will buy from me. I am stuck with it. I am going to be here for a long time.
It is too late and I am all in with 400K shares.
All the buying volume was from me. I hope that it did not make you feel disappointed. They need to file 10K before December 15.
Did you average down on this POS?
I did. I added at 0.11 and 0.12 today. I think that I have sucked up all the low price shares at 0.09-0.10. They even sold me 5000 shares at 0.044.
When it moves, it should move up very fast.
It is alive, but the spread is too big to attract continue traders.
Earning was O.K. in the last 4 quarters. The lasr Q earning should have been positive if without one time charge. The balance sheet is rather poor with about $35 million working capital deficit. Overall, an inetresting company.
10K is late and the new deadline is Dacember 15. So that is next week.
Very big spread with bid at 0.097 and ask at 0.30.
Saw the record volume. What is up with this stock? I picked up some shares 0.097.
Hi Minding,
I saw your post on IV regarding CNOA. I have never liked CNOA. I don't trust the management and their business.
NL
Earning Estimates:
The fiscal 2011 will end by the end of June 2011. My earning estimate will be aound 35 cents per share. The fiscal year 2012 will end by the end of June 2012. My earning estimate for the fiscal year 2012 will be around 80 cents. It will 100% growth in both the top line and bottom line in next few years.
It is probably too early to congratulate ourselve since CIHD still needs to resolve two major issues, shareholder loan and financing. I am reasonably confident that they will be resolved to be sastifactory of CIHD shareholders. CIHD can be a very good growth story. If everything is going smoothly, I may have a 10 bagger here.
The big volume was from my buying and I picked up 220K shares in a few days at 0.42-0.46, mostly around 0.45-0.46.
Over 10K shares with 6% up - another good volume day.
9631 shares so far for today. That is a good volume for BFTI. I wonder that someone heard a good presentation by BFTI yesterday and was willing to this morning.
Food price increase is going to be normal in China. IIt is predicted that food price or the price of agricultural prodcuts are going to increase 10% per year. This should benefit the fertilizer producers.
Chinese goverment cannot control the food prices. It market driven for majority of agricultural products.
BFTI is going to do a presentation in Newn York tomorrow:
http://www.maximgrp.com/growthconf/pcompanies.php
From operation point of view, it looks very good in the next 6 months. With the weakest Q behind them, Q4 and Q1 are strong Qs. The price of agricultural products is rising significantly. This will increase the demand of fertilizer, which in turn should benefit CIHD.
There are still issues with CIHD such as financing and sharholder loan. I think that they can be resilved next year. If so, it boost CIHD share price.
I see higher share price in the next 6 months.
Hi George,
I just sent you a PM post on IV.
Northern
Hi George,
Yes, BFTI needs to release more shares into the market. The trading volume is too small.
Nelson
Q3 earning per share of 7 cents. Q3 is their slowest Q seasonally. The next 3 quarters are going to be strong.
Forward PE=2.2 for ENHD this year, cash of $2.1 per share and book value of $5.4 per share. All these are for a stock with share price of $2.65 currently. If this is not a deep value stock, what is it?
At the same thime, this company had made 90 cents per share in the first 9 months. It is about to make close to $1.2 per share this year if they are going to make another 29 cents per share in Q4.
Q3 earning report just out, Revenue $55.7 million USD and earning per share of 29 cents.
Earning per share is about 8 cents if excluding foreign exchange gain. It would be 10 cents if including the foreign exchange gain.
Fiscal Q1/11 earning report just out. Revenue $15.93 million USD, up 191% over Q1/10; earning $2.932 million USD, up 324% over Q1/10. Huge jump in both earning and revenue.
Thanks George.
To you and your family as well.