Hard to explain how this fast growing company with such stellar fundamentals generates so little interest from investors. Volume is pitiful.
This stock is dead. We get the downside when markets tumble and none of the upside when there is a recovery. Meanwhile, management have their heads in the sand and are failing to protect their shareholders interests. They need to wake up, be more active and promote this company! Another fluff piece:
Dear Friends of City Telecom,
(Hong Kong, 24 September 2010, City Telecom (H.K.) Limited, HKEX: 1137, NASDAQ: CTEL).
At City Telecom, we take New Talent Acquisition very seriously. Learning from how “McDonald’s Happy Meals” target young consumers, we are also targeting young Talents via our Summer Intern Program, designed for Generation Y Talents born in the 1990’s.
Our Summer Intern Program is designed to be much more than just odd chores around the company rather it is intended to give high caliber future candidates insights into the roles of senior executives in business. We fully appreciate that pre-graduates may not be aware of what career path they want to take, so our Summer Intern Program is a great way to experience the “Possible Future” without long term commitment.
Enclosed is a Learning Reflection written by Ray Chau, final year student at The Chinese University of Hong Kong, who recently completed an Summer Internship with us.
Should you have family or friends interested in exploring our Summer Intern Program, please ask them to email to firstname.lastname@example.org with “Summer Intern Program” on email subject line.
Manager, Talent Management
I'm astounded by the lack of volume in this stock. How can the fastest growing, lowest cost, best service provider in the HK broadband market attract so little attention? Isn't this company known in HK? I have seen many other stocks appreciate far more in the last months and here we are stuck as usual. Every price rise is met with selling. What is happening? And management should be more proactive. Talk about your plans, expansion projects, give us some numbers, enough of the fluff about your recruiting, prizes, trips, etc. I'm not here for the dividends, although its a nice plus. I want to see share price movement to the upside!
I agree with you. I also posted few weeks ago. They have demonstrated the broadband subscriptions growth is going well. Its almost 25% penetration in Hong Kong market.
Now they need to execute up sell and increase revenue per unit.
Free TV with advertising model will be launching within 18 months, VOIP phone service should be in play, On-Demand Movie library. Since there is cloud computing, why dont we have cloud on-demand TV subscription model. Instead of having every home having DVR or TiVo box, why dont they funnel all past TV shows recorded in their database system for customer to access anytime and anywhere. With higher bandwith, I think you can do this. Oh well, wishiful thinking.
Anyway CTEL need to prove they can generate additional revenue per customer to move the stock to $40/share.
I love their dividend payout!!!!
Well put, though I'm glad it gets little attention now...gives us a chance to still get it while cheaper. It has moved, got in at 11.80 a couple weeks ago so I am happy with the growth.
Think it has plenty of room to go and getting a decent dividend while waiting. Don't find that often in a growth stock.
All is well with CTEL!