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BYD Company Ltd. Message Board

brathe 5 posts  |  Last Activity: Aug 28, 2014 8:51 PM Member since: Nov 6, 1998
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  • Reply to

    Question about market cap:

    by basey_333 Aug 28, 2014 6:50 PM
    brathe brathe Aug 28, 2014 8:51 PM Flag

    Well that's the trouble with investing in a foreign company. Their market cap is HK$47,534,250,000 which translates to US$6,133,343,948 with a big BUT. This is for the H class of shares only. There are a large number of A shares outstanding in Shenzen (almost twice as many) 915,000,000 H's and 1,516.000,000 A's, which are worth something (but are traded in Yuan) so they would needed to be added to the total. So both of your answers might be correct. Then there is the totally confusing American ADR's at BYDDY and the OTC pink sheet (I am guessing a reverse take-over) . My broker says the BYDDF shares close in HK and are a foreign transaction and proxies for the H shares. Claims the BYDDY is not a foreign transaction and an ADR. Basically its a #$%$? For me the key issue is cash flow. They raised about $500M in new capital this year. Just a question of how long it will last.

  • My off the cuff comp to AMZN in my last post had me wondering how many people work there. 117,000 as it turns out. Has anyone given any thought to the fact that the communist/socialist Chinese government sees this as a make work project for 15,000 engineers and 155,000 others to draw paychecks that are underwritten by foreign investors and that as long as those people have paychecks and food, however arrived at....things are as they should be in a communist regime.

  • Here's the link. http://bydit.com/userfiles/attachment/e_01211ann-20140824.pdf
    To cut to the chase earnings are $.0243 per share (that would be 2.4 cents). More shares equals less EPS. Net cash flow from operations is (543,669) YUAN down from 2,301,338 same period 2013. Cash is 8,057,172 Yuan vs. 4,311,080 YUAN last year obviously due to secondary offering this year. Remember that the entire report is in YUAN. Very roughly 7 to the US$. Don't know why I bother with this board anymore, but I have friends with very large positions (I am on the sidelines here) but try to help them out as best can. So we are back to the cash burn rate of a 10 year old start-up. Beginning to sound like AMZN.

  • Reply to

    Here's to...

    by basey_333 Aug 21, 2014 7:44 PM
    brathe brathe Aug 21, 2014 10:01 PM Flag

    Well this does not bode well. Today's WSJ

    http://online.wsj.com/articles/geely-automobiles-first-half-profit-falls-20-1408510251

  • Reply to

    when is the next earning date?

    by starteam003 Aug 18, 2014 10:55 PM
    brathe brathe Aug 19, 2014 12:39 PM Flag

    The BOD meets August 22nd in Shenzen to put its stamp of approval on the six month financial period ending June 30th. I would imagine a PR release would follow. No trading over the week-end so leads to a move one way or the other on Monday.

BYDDF
6.83-0.10(-1.44%)Sep 18 3:50 PMEDT

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