Cool thanks for the info! That was from the Wall Street Journal? Which day?
Wish SEV would get more aggressive on the PR front. KNDI continues to fly. If SEV would put out some news about their JV in China and the boom in the EV sector, it would zoom even more than KNDI!
Yep several new job postings yesterday. Great news! Just picked up some more shares. Crazy that people are giving them away in the $1.50's!!
Was hoping to build my DRAD position ahead of earnings in 2 weeks. Gladly buying more in 3.30's. I'll take em even lower too. Still love that dividend yield of nearly 6%. And should be a good hold into the Q2 report. There was a little insider buying in May & June, so I think Q2 will be at least decent...and possibly very good.
Q1 was hurt by the weather. Should see a big rebound in Q2 numbers, which will be padded by the recent acquisition. Should make for a very favorable comp vs. last year. If DRAD posts Q2 earnings of .06-.08/share vs. a loss last year, with a strong balance sheet that has over $1/share in cash & securities, plus that fat dividend...I think the stock could pop up to the $4-$5 range.
More good news from China. In addition to waiving the 10% sales tax, looks like last weekend they passed a law where at least 30% of government vehicles purchased will now be electric. Saw this in a TSLA news story:
Over the weekend, China put in place rules that require at least 30% of all automobiles purchased by the government to be electric, which would seem to play beautifully into Tesla’s China-based foray into the Asian market.
Wish SEV would update us with how their new Chinese JV is doing. And how these new regulations will give a further boost to EV sales in China. Guess we'll hear next month in the earnings report. A strong earnings number, plus excitement over exploding EV growth in China...could send this low floater rocketing higher. TSLA has a market cap of $27 Billion. KNDI has a nearly $800M market cap and isn't even profitable. Crazy that SEV's market cap is below $30M. Surprised someone hasn't tried to acquire them...yet.
Run its course?? The market is at record highs. I honestly would expect the smallcap market to be way frothier, but there's still plenty of runners out there. The right news would send SEV flying. Hopefully a strong earnings report in a few weeks will spark a run back over $10.
Check out this mornings news from KNDI. Saw a 238% SEQUENTIAL jump in EV's sold in Q2! This obviously bodes very well for SEV's new JV in China. As does this info in today's PR from KNDI. Sounds like perfect timing for the new Chinese JV from SEV to be up & running!
Furthermore, on July 7 at the State Council Meeting, Li Keqiang, China's Prime Minister, spoke about the recently passed government's policy in waiving a 10% sales tax on electric cars, plug-in hybrids, and fuel-cell vehicles, beginning September 1, 2014 and lasting through the end of 2017, to spur consumers' demand for electric vehicles. The Chinese government has identified EVs as a strategic industry that can help it gain global leadership, reduce energy dependence and cut emissions that have contributed to worsening air pollution. Mr. Hu commented, "We are really excited about the government's policy to waive the sales tax on EVs. This will help lower the cost to consumers, in addition to boosting EV sales."
I wish I was starting to buy now. Bought as high as $11. Ouch! Tough watching this one sink on no news while the market is near all-time highs and the sector is on fire.
As much as I like the potential here, it's frustrating to see the stock sink to the $7's. But what you would you expect? The only news out is that of a rights offering. Why not put out good news too...contracts, new products, companies they're working with, etc. An investor had to dig up that news last month that Phoenix Motorcars was using SEV motors in their new shuttle bus. It's almost like the company doesn't want the stock to go up. Maybe they want cheap shares in the rights offering. Well they're getting their wish.
New job opening posted yesterday. First one I'd seen in awhile. Now 10 job listings. Will be interesting to see the Q2 report to find out why the hiring boom. Think revenues & backlog will be strong. Earnings more of a wildcard. Hiring all these workers may hurt the bottom line in the short-term. Hoping to still see earnings of .03-.05/share in Q2, which would look great vs. a loss last year. As well as be a nice rebound from poor Q1 results.
Seems like a great way to raise some capital. SEV zoomed from $5's to $14's in a couple months earlier this year. As an underfollowed name in the red hot EV market, only a matter of time before this stock sees another huge run. I'm accumulating. Unfortunately started buying around $11. Congrats on buying in the $8's. No idea why anyone would sell so cheaply. This company is just getting started in a booming sector.
Nice to finally see some buying! EVOL a bargain below $10. Big dividend and should have a nice report in August. Even though earnings were only .05/share last quarter, there was a large increase in bookings & backlog. They also made several bullish comments about a strong Q2 coming.
From the Q1 earnings PR:
"We followed strong third and fourth quarter bookings results with a first quarter record performance in the category of license and service bookings," said Thad Dupper, Chairman and CEO. "Total license and services bookings increased 42% year over year while license and services bookings for our flagship Dynamic SIM Allocation™ (DSA) solution grew 95% over the same period, indicating growing market acceptance of DSA as wireless carriers capitalize on the product's competitive benefits. Bookings momentum pushed our license and services backlog up 40% in the first quarter to $7.8 million from $5.6 million a year ago. At the same time, our DSA license and services backlog increased 72% in the first quarter to $5.3 million from $3.1 million year over year. We believe this backlog growth positions us for strong revenue and EBITDA performance in the second quarter."
From the CC transcript:
"In summary, based on our bookings performance, increasing backlog and our FUA license renewal expectations, we are confident that we are well-positioned to deliver a strong performance in the second quarter as well for the entire year."
"So I would say the shape and form of this backlog compared to prior quarters, a year is a backlog that can be converted to revenue much more efficiently than in the past. And that's one of the reasons we are so bullish on our Q2 outlook."
Well there's not many growing companies paying out a 5% dividend yield. I think both EVOL & DRAD will have strong earnings reports coming up to boot!
I agree. Surprised I'm able to buy more below $8 after EVOL just announced their largest order to date. But I'll gladly take the cheap shares!
Not too surprising. Q1 was pretty lousy. Proof is in the pudding. I agree that the 'significant multiple' comment sure sounds bullish. But there's plenty of overpromise, underdeliver in microcap land. We need to see it show up in the earnings report. Then people will believe.
I think Q2 will be a lot better than Q1, which should move the stock back over $2. If the backlog starts ramping like the CEO claims, the stock could shoot significantly higher. If Q2 is a repeat of the anemic Q1, the stock will drop. I find the GV risk/reward attractive into the Q2 report as any earnings will look favorable vs. the loss last year. But still a gamble until we see stronger earnings imo.
They have proven they know how to make a profit. When they posted Q3 earnings of .19/share last December, the stock rocketed over $10! With only 1.3M shares, they could easily post another big EPS quarter. Not sure if it'll happen with upcoming Q2 report. But it's only a matter of when, not if.
Good article posted yest on the SEV board on Ihub by CrocHntr. Can't post here because it has links in it. Check it out over there or you can google it. Phoenix Motorcars is using SEV technology in their new electric shuttle bus. Wish SEV would have put out a PR talking about this!
No, but even small contracts are good news for this tiny company. I think people are betting this week that BOSC may have landed a large contract? If they announce a $1M+ deal, this low floater will spike to $6-$8. I think the chances of them announcing such a deal in the next few days are low, but we'll see.