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Thursday, November 05, 2009 11:07:53 AM
GCHT - I think this was the intersting PR (it has been picked up by others before)
So, they are going to do $128 Million revenue in 6 months.
"Management has determined using current production capacity information based on their latest production runs in their facility in Wuhan, China, that the Company has the capability to produce an average of thirty (30) wind turbines per month. This new production capacity will now allow the Company to fulfil its initial orders of 150 wind turbines, worth in excess of US$ 128 million, in the next five to six months." [1]
In their presentation the 2011 numbers with [2] 210 M net sales was $40 Million net income. So with 128 million revenue were talking about $24 net income in the next 6 months - assuming similar efficiencies. I'm working with 61 million shares (I'm too dumb to work out how many shares but appreciate they PR today would affect this outlook) so that's $0.39 in 5 - 6 months.
So, to me ***** the pump message that's nothing to do with it.
The actual problem is can they keep up the orders? And, anyway, what's the hurry - why don't they string the orders out
rich
[1] http://www.gcchinaturbine.com/news/news.aspx?nrnum=279
[2] http://geoinvestingpics.com/gcht/gchtpp.pdf
So, they are going to do $128 Million revenue in 6 months.
"Management has determined using current production capacity information based on their latest production runs in their facility in Wuhan, China, that the Company has the capability to produce an average of thirty (30) wind turbines per month. This new production capacity will now allow the Company to fulfil its initial orders of 150 wind turbines, worth in excess of US$ 128 million, in the next five to six months." [1]
In their presentation the 2011 numbers with [2] 210 M net sales was $40 Million net income. So with 128 million revenue were talking about $24 net income in the next 6 months - assuming similar efficiencies. I'm working with 61 million shares (I'm too dumb to work out how many shares but appreciate they PR today would affect this outlook) so that's $0.39 in 5 - 6 months.
So, to me ***** the pump message that's nothing to do with it.
The actual problem is can they keep up the orders? And, anyway, what's the hurry - why don't they string the orders out
rich
[1] http://www.gcchinaturbine.com/news/news.aspx?nrnum=279
[2] http://geoinvestingpics.com/gcht/gchtpp.pdf
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