China Growth Stocks

[GorillaGorilla]

LLEN - as a long and to be clear. Their guidance has been "piffle" for a long time. Adding coal mines which are going to be upgraded during the year and not updating the guidance might be convenient for them but leaves the market completely bewildered.

They had done 80 cents in 3Qs and done 34 cents in the last Q. The market is expecting in the $1.10 region and will be unmoved by the announcement which states what it already knows, 96 was going to be beaten soundly.

Near term problems:
- unlocking of warrants and the like over next 2 months


Medium term
- Good results for FY mid July
- Russell list
- More and bigger mines by the fall
- 2011 guidance

My comment: I think that they will increase revenue again in next FY by at least 70% and possibly more (that was their banded about aim during a recent presentation). P/E which is sub 10 for this year is a joke as this company should increase it's EPS again this year but, hey, T.I.C.

So, I'm figuring good things come to those who wait, sometimes. Might be on people's watch list over the next couple of months?

rich