so, does it tell me anything about this Smart company? Shah or Lu or his brother, girlfriend, or whatever the #$%$ is, can setup a company to fool around. Just a speculation. Shah announced intention to acquire the entire company at long time ago..................
i'm not surprised at all that you thought i didn't read the SEC filing before i posted the message. UTSI investors share something common :-)
very interesting, i can't find any information, either on the filing or the web, about this Smart Soho International Limited. The UK based Smart Soho obviously is not the one. I also search Chinese web, can't find any information about this company. this deal looks bizarre to me, at least................
can someone lighten me about this Smart....or Fool .... company?
all smart dudes, plus even less smart ones, were long gone for sure. check the track records of all UTstarcom current institute investors, you will amaze....
This is one of regular pony tricks Shah plays....... from keeping adding,,,,,, bought Softbank, buy the entire company, to .......this term sheet...................what a persistence!
can you answer the question in a human language instead of trying to scare the hell?
Gold Wind (#1 wind energy company in China) market cap is approaching Y50 bil in Shanghai exchange. GW's market share in China is about 3 times of MY's, and profit margin is higher (20s%). Combining these two factors together, MY's fair market value should be around 1/5 of GW's, that's about Y10 bil = $1.5 bil, about 5 times of current MY market cap.
MY should consider listed in Shanghai if price stays depressed in NYSE. I believed CEO Zhang mentioned the possibility in a conference call before.
Shadowdoc99: I feel sorry for you. really don't know how can you get out of this stock. i know you have 30mil+ shares. it would take 2+ year to sell them out, assuming you are the only seller and you sell every open day. This stock will be worth of nada, zero, 000 once their cash gone which i expect in less than 2 years, before you can sell anything out.
hi kid - if you try to value a Chinese company, here is a good example - another Shah Capital's big baby - XNY. see how cheap the company is, compared to its cash. pls don't sell your GF to buy into this one.
hi, kid - you apparently never learn anything from your disaster "investment" on UTSI in last 10 years or so. an amazing stubborn and extremely subjective young fellow!
China just announced pricing for offshore wind power. It's a great news to the industry. It is anticipated that 400-500B yuan market will be open up in next couple year.
MY is a big player in offshore windpower in China
Please note that this is the official China Mobile Suzhou Branch Page: http://tech.fortune.cnn.com/2013/12/02/apple-china-mobile-suzho
This is from DANG official blog: http://blog.dangdang.com/?p=18960
in short, DANG advises customers for slight delaying in shipping due to massive orders received
so what products can UTSI sell to Softbank, Chinese bricks or soy sauce? Its buildings, IPTV business, PHS, etc, anything worth of a dime were long gone already.
Some Investors here apparently know few about Shah's track record. Shah had played hard balls with a number of Chinese companies, all ended up loss of all or nearly all his investment in the target company. Search his history with Qiao Xing Mobile and Qiao Xing Universal Resource, Chinese solar firms, and most recently, long and disastrous twist with UTstarcom. My guess is that his investors ask for money back after seeing one disaster followed by another, his only trick left is with China Yuchai. He has to do whatever he can to push up the price. He has no choice.
His latest ""take over UTstarcom" will be proved to be another embarrassment in July or August.
My taking is that Shah has to sell a part or all CYD holdings for two reasons 1) satisfying clients requests for pulling cash out of the fund since Shah has 2 disastrous years in a row already, look like the loss of 2013 is even bigger; 2) preparing cash for acquiring the announced UTSI acquisition.
Look like the selling is just started.
I don't how Shah can get any money from bank for the deal. The fund's track record is grossly disastrous. The only way is to sell its other stock holdings. Please look his current holdings to see how the fund can sell.
CYD will be in $11 soon without Shah's sale. The construction bubble of China is bigger than anyone can image.