NCTY has made a $160 million licensing deal minimum for Firefall in China. Even if they you divide that $160 million in half .It is still $80 million which is significantly higher than current market capt.
And keep in mind that NCTY owns a direct equity in Red5 Studios. So we have a US-listed Chinese company here and has a major asset in USA and own it via direct equity. Unlike, many Chinese Companies that has VIE ownership structure.
Sentiment: Strong Buy
I guess this is a stupid question coming from ingnorance...
But, aren't we talking about ADRs? Why would QIHU buy ADRs at all? They could have already made a deal with NCTY to buy the company. There isn't any Chinese law that requires them to pay for the ADRs on the stock market?
Thats why if you look at the QIHU deal, ncty stock price, its best for both parties for QIHU to buy NCTY for 3.50-5$range. QIHU needs more revenue from PC games and is loaded with cash so they wouldnt have to split the revenue. NCTY has been disaster for years and investors are demanding consolidation not just for NCTY but the whole sector so your never going to get fair value mainly because you don't have a huge pipeline of new games.
In china-Maybe this is the start of massive consolidation in the space which is greatly needed. Obviously, NCTY should be involved in this and should be sold at some point. The whole sector drastically needs consolidation as small Game companies stocks have lagged for long time as CEO-see ZHU-are in denial or got hit with a soccer ball. This is what hurts Chinese names because shareholders have virtually no right to force deal like you see in this country. Maybe this is a start but shareholders have voted with their wallets and left NCTY
Any retail investor who used $1 to buy NCTY last year now has only a quarter left in his pocket. This pig is toast and run away ASAP.
Sentiment: Strong Sell
Tell me, Mr. Long. When was the last time NCTY issued a PR....
.......about 7 months ago!!! This stock will continue to bleed as silence continues....you think the CEO gives a hoot about shareholders? He'll rather watch soccer than trying to figure out how to better run this company. LMAOX20!
Bought it at the last PR pump @ 3.40 and took a 20% loss afterwards. Glad I did it as the stock is still sitting near 52-week lows while the Nasdaq is at a ALL TIME HIGH! Good riddance.
Nothing like those .02cents ADR fees for NCTY-nothing like spitting on you when your down.ha. I pray ZHu got charged the same
Firefall US didn't make the launch right. This game needs PvP and more dept gameplay but they didn't make it in July2014.
Now the new map zone ,Amazon Warzon, has an interesting game play (contest type). And the new PvP ( Arena PvP or OpenWorld PvP) is coming soon. If they gets these two things right, it can be successful.
Anyway, the $160 million loyalty fee from JV does help a lot.