Of 05.02.2007
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SHARE ANALYSIS
Stormy course lift of Accel Energy with main market in China
Share quotation 02 February 2007:
2.03 euro in Frankfurt
Number of shares:
50,7 millions.
Crude oil from slate rock
The crude oil enterprise Accel Energy AG (CH0026238243, www.accelenergy.com) offers refinery services and sells crude oil-based increase in value products in particular in China. Accel Energy is a profitable and very growth-strong enterprise, which wins with its production plants in a patented procedure from slate rock crude oil. This is refined and processed to petroleum products as well as made available starting from 2007 in form of the bitumen binder for road construction. The management is since 1985 successfully in China actively and ordered particularly by its CEO Anthony Chirico over exzellente political and economical contacts in China, the USA as well as in the middle one and the Near East. Accel Energy operates with a distribution network, which covers own partnerships and joint venture.
Production capacity determines sales volume
Which enterprise can state from itself to be limited only by the own production capacity? This isn't best starting position, which one can introduce oneself? Produce, as much as possible. The size of the planned production plant in China is only determined by provided financial means. The management for the financing aims off not at a watering of the share basis, but wants to take up credits in two digit million height, which with a production enterprise like this, might being realizable. To sell the corporation can produce momentarily more than it can. The fact that in this situation something could change is hardly to be expected by oil production hot-desired by the Chinese. The permission of the production plant is obviously already secured. Chief Executive Officer Anthony Chirico does not order by its excellent business contacts to the political levels in China over an advantage which can be over-bid in relation to its competition. 20 years long Chirico is active in China as entrepreneurs. By its former candidacy for the State senate 2002 in the USA (www.chirico.com) it enjoys high reputation with the Chinese.
Conversion and profit predictably
If the sales volume is determined by the production capacity, are easy also the conversion and the profit to prognosticate. Production costs might likewise rather among that as surely valid variables rank. A barrel oil can produce Accel Energy after firm names obviously to variable costs from approximately 15 to 20 USD. Due to the momentarily safe market situation the energy enterprise without large trouble or uncertainties can call turnover and profit prognoses. In order to secure itself before disappointed expectations, the management delivers only "conservative" estimations. The made company-owned forecasts can be exceeded thus easily. For 2006 the enterprise delivered the following estimation: 75,5 millions USD conversion and 4.5 millions USD profit. The profit for the current year 2007 could be more than 10 millions USD or 8 millions euro. That would correspond to a profit on exchange relationship of only scarcely 13 in accordance with the closing price of Friday of 2,03 euro and the 50.7 millions circulating shares. For an enterprise with this rapid growth we can imagine and have still another higher evaluation the value after a personal acquisition to the stock exchange course now also taken up to the FFN Musterdepot.
Main market China
The main market of Accel Energy is China. In the year 2008 the Olympiad in China takes place. Up to then still many roads, buildings, sport arenas, hotels and airport installations are built there. China wants to present itself the world in best light. In order to cover the rising need, Accel Energy wants to establish more factories, in order to win oil from slate rock. For the moment the production capacity amounts to 1,2 million tons and could be increased due to the existing refinery capacity to 3 million tons, if sufficient crude oil would be available. The close lying next step thus is to extract with an additional plant more slate rocks in order to carry for the increasing power requirement calculation and to satisfy the demand for the bitumen binder (SAB).
Stormy course lift
With Accel Energy can invest the investor into the Chinese boom market. The stormy course lift since the stock exchange course in the middle of Decembers excited attention. The correction of the last two days could remain short term. The present share quotation of 2,03 euro should remain with consideration of the risks of a completely overheated national economy in China only intermediate conditions on the way upward. To center of the yearly the mark of 3,50 euro should be quite possible with messages from expansion successes also in other countries, like recently over a large-scale project in Jordan.
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