This is dead in the water until the next earning report. Why would this go up again until they can prove that they can earn a profit? Last earning report only proved that they don't seem to be able to control expenses.
After this coming phenomenal quarter which is expected, people will be interested. So far, MY has not shown the ability to make a good profit on their business. That might change with the second quarter report.
I''m not sure I follow you, but we both seem to be in agreement that we can expect a huge second quarter for MY.
According to the announced figures today, MY installed 858 MW of 2.0s in the first 6 months this year. Looking at 1st quarter figures, they had 256 MW of 2.0 installed in the first quarter, which leaves 602 MW of 2.0 installed for the second quarter. In the first quarter they installed 406 MW total, which included 150 1.5 MW units, so just counting sales of the 2.0 installed in the second quarter, second quarter installed MW blows 1st quarter figures out of the water. And that doesn't include all the other categories which will be reported in the second quarter, the 1.5MW, 3.0MW, and possibly a few of the 6.0s which were recently installed, and whatever gets reported of the off shore wind farms. In short, I think we will go way over 1000 MW installed in the second quarter, more than double the 406 installed in the first quarter.
I doubt you have any information about the ceo's wife. Three months from now this will be seen as a buying opportunity. All China shares are being sold off, here as well as China. Shorts are having a ball. 2.20 has to hold, and if it does, shorts will start covering.
The last CC did have a pretty bullish forecast for sales and earnings: (i) its estimated revenue will be in the range of RMB1.4 billion to RMB1.6 billion, representing an increase of 50% to 71% compared with RMB0.9 billion for the quarter ended June 30, 2014; and (ii) its estimated net profit for the period will be in the range of RMB50 million to RMB55 million, representing an increase of 327% to 370% compared with RMB11.7 million for the quarter ended June 30, 2014.
Add to that possible synergies with the acquisition, which they said to expect. Add to that the fact that lots of shorts have piled in here during the recent decline in price. I'm guessing there are 3 million shorts now and they all have to buy before earnings, which you can tell from above will be positive.
If they try to buy the company they have to offer a good price, because they don't control a majority of shares (36% or so)
At 2.66 x 118 million shares it is being valued at 321 million. Next quarter sales will be around 300 million. Or .25 sales. No other company in the wind industry comes close to this low valuation.
Single market players, china stocks trading here, like MY, are also being hit. I bought more today. When MY reports earnings, all this will be forgotten.
Time to buy.
It had to do with the purchase of the company owned by the wife. Now the chairman and his wife own 34% of MY. What is interesting to me is that they could be tempted to take this company private, pay us some premium, then list it in china at 20x earnings and make a fortune.