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Longwei Petroleum Investment Holding Limited Message Board

  • claefanortnorq claefanortnorq Dec 1, 2011 10:03 AM Flag

    Virtual Conference Highlights

    From Toups this morning: (as always, anyone that listened to the call, give us your take as well.)

    1. He is going to China next week for the Shareholders meeting and to hopefully finalize the acquisition of Haujie.
    2. the acq. calls for final payment and registration of the transaction and transfer of title, which takes a little time.
    3. expects to be able to give update regarding the acq. at shareholders meeting on Dec. 15th
    4. he will be working on the tax recon. while in China next week - hopes to release "fairly quickly"
    5. Cai still hopes to finalize acq. with cash, but because of relaxing of Chinese lending, may consider small debt loan to finalize
    6. ramp up of Haujie will take a few months, due to Chinese New Year and will take approx. 20 million working capital
    7. Cai more inclined to divi instead of share buyback. The two owners already own 67%. Divi could start in Q2 2013
    8. Going private not consideration at this point. Cai wants to continue to do what is best for current shareholders. They are hoping PPS improves as Chinese US listed sentiment improves.
    9. still looking to hit sales target for 2012, despite Q1 sales, they hope organic growth will enable them to reach projection.
    10. do not look to change auditor at this point, happy with CVWB

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    • Repost:

      From Toups this morning: (as always, anyone that listened to the call, give us your take as well.)

      1. He is going to China next week for the Shareholders meeting and to hopefully finalize the acquisition of Haujie.
      2. the acq. calls for final payment and registration of the transaction and transfer of title, which takes a little time.
      3. expects to be able to give update regarding the acq. at shareholders meeting on Dec. 15th
      4. he will be working on the tax recon. while in China next week - hopes to release "fairly quickly"
      5. Cai still hopes to finalize acq. with cash, but because of relaxing of Chinese lending, may consider small debt loan to finalize
      6. ramp up of Haujie will take a few months, due to Chinese New Year and will take approx. 20 million working capital
      7. Cai more inclined to divi instead of share buyback. The two owners already own 67%. Divi could start in Q2 2013
      8. Going private not consideration at this point. Cai wants to continue to do what is best for current shareholders. They are hoping PPS improves as Chinese US listed sentiment improves.
      9. still looking to hit sales target for 2012, despite Q1 sales, they hope organic growth will enable them to reach projection.
      10. do not look to change auditor at this point, happy with CVWB

    • Thanks Clae! I couldn't attend the VC, but based on your notes, it sounded very positive compared to the usual CC.

      • 1 Reply to hshinti
      • Interesting that two posters are thanking CAI for pumping the shares a little higher today with false info such as paying a dividend I guess so they can sell into the pump.
        The company only increased sales last quarter by 5% and who knows if that is real because they reduced operating expense a lot so they could just show operating income was the same as last year.
        And these posters are thanking CAI for doing this.

    • Clae, Thank you!

    • It is just fun watching the company make comments and the naive investors believe what they say.
      The company only has $3 million in cash, can not increase the cash from operations and says they will borrow the money from some banks which is a big question mark and saying if the acquisition is done they will have to put a lot of money into the acquisition and then saying they will pay a dividend in a year.
      Just shows the type of investors we have in this stock who believe this stuff about paying a dividend.
      When a company does not tell me the truth I sell the stock.

    • All hail Viagra,then! It saved Palm County FL

    • LPH's acquisition is almost completed & a done deal. Why is the volume still so low day-after-day as if the big boys don’t really care? I have a bad feeling about this. It seems like even after the completion of Haujie the big boys could care less about it and LPH can only attract small-time suburban household investors.

    • I lived near Beverly Hills and have only been to Hong Kong but date many Chinese girls which can be very expensive so I need to make a lot of money in the stock market.

    • JA, have you ever been to China? Rodeo Drive it is not.

      We shall see. Risk capital only.

    • If you are in it you can loose it.
      Interesting no one looks at the actually fundamentals of the company and comments on the fundamentals of the company like only $3 million of cash on the balance sheet and not able to do the private and no banks have loaned them any money and they want to keep this auditor which makes me, the private guys and the banks concerned about what they say and their statements.

    • go play with your pud son. You suffer the same problem with stocks as you did when you were a junior analyst. All will be revealed in 30 days good or bad but "you have to be in it to win it." So if you don't have any skin in the game, hit the road.

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