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National Bank of Greece SA Message Board

  • smartinvestor32 smartinvestor32 May 22, 2010 12:38 AM Flag

    picks for next week

    WUHN KAZ WEX MCZ NINE OTE MCBF - They are all poised to jump. Gradual accumulation happenning.

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    • I have some wuhn, bought at 1.90 on the basis that market cap was at half of shareholders' equity. Now market cap is one third of shareholders' equity. For a company whose top line is expected to grow more than 20% per year and who is profitable, this is quite a discount. It is impossible to tell when interest will come in those shares, but holding for the long term is the thing to do.

      Eventually profit will allow Wuhn to buy back a lot of shares or give a fat dividend.

      • 3 Replies to fliujniligui
      • WUHN is going up today. looks like it is in some big buyers' radar.

      • Three Months Ended March 31, 2010 Compared to Three Months Ended March 31, 2009

        Sales. Sales decreased $0.1 million, or 0.7%, to $18.0 million for the three months ended March 31, 2010 from $18.1 million for the same period in 2009. This decrease was mainly attributable to the Company's focused efforts on collection of accounts receivable in order to improve our cash position instead of committing our working capital to additional projects, and to maintaining sales with higher gross margin.

        Cost of Sales. Our cost of sales decreased $1.3 million, or 8.9%, to $13.0 million for the three months ended March 31, 2010 from $14.3 million during the same period in 2009. As a percentage of sales, the cost of sales was 72.5% during the three months ended March 31, 2010 compared to 79.0% in the same period of 2009. This decrease was primarily attributable to more efficient production and to the use of different product mixes, which resulted in a reduction in production costs.

        Gross Profit. Our gross profit increased $1.1 million, or 30.3%, to $4.9 million for the three months ended March 31, 2010 from $3.8 million for the same period in 2009. Gross profit as a percentage of sales was 27.5% for the three months ended March 31, 2010 compared to 21.0% during the same period in 2009.

        Selling Expenses. Our selling expenses for the three months ended March 31, 2010 were consistent with that for the same period in 2009. As a percentage of sales, selling expenses were 2.3% for the three months ended March 31, 2010 and March 31, 2009.

        General and Administrative Expenses. Our general and administrative expenses decreased approximately $271,000, or 19.6%, to $1.1 million for the three months ended March 31, 2010 from $1.4 million for the same period in 2009. As a percentage of sales, general and administrative expenses were 6.2% for the three months ended March 31, 2010 compared to 7.6% for the same period in 2009. This decrease as a percentage of sales was primarily attributable to more aggressive measures implemented to control costs.

        Operating Income. Our operating income increased $1.4 million, or 75.6%, to $3.2 million for the three months ended March 31, 2010 from $1.8 million for the same period in 2009. As a percentage of sales, operating income was 18.0% for the three months ended March 31, 2010 compared to 10.2% for the same period in 2009. This increase as a percentage of sales was primarily attributable to increase in production efficiency and tighter control over expenses.


        Net Income. Net income increased $0.8 million, or 72.2%, to $1.9 million during the three months ended March 31, 2010 from $1.1 million during the same period in 2009, as a result of the factors described above.

      • i think with Wuhan making profits and Chinese currency appreciating it will be a good buy at this discounted price

    • dont forget NBG CNXT APWR they will fly

 
NBG
3.001-0.029(-0.96%)3:17 PMEDT

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