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Asia Entertainment & Resources Message Board

jeffreybul23 57 posts  |  Last Activity: Dec 18, 2014 11:35 AM Member since: May 16, 2009
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  • Reply to

    Double Shares - Double Value

    by stephentookit Dec 18, 2014 10:26 AM
    jeffreybul23 jeffreybul23 Dec 18, 2014 11:35 AM Flag

    Well, they have to have confidence that the company would go from about $.50 back up over $1.00+ after the split to meet Nasdaq requirements.

    Apple did the same thing, split shares, and then announced an additional buyback program. However, CCCL is far from Apple, but there is precedence.

    Sentiment: Strong Buy

  • Reply to

    1 for 2 approved at Annual Meeting.

    by jeffreybul23 Dec 18, 2014 9:12 AM
    jeffreybul23 jeffreybul23 Dec 18, 2014 10:25 AM Flag

    Still need to be above $1.00 to stay on Nasdaq. A split, and then announcement of buyback would go a long way with share price.

    Sentiment: Strong Buy

  • Reply to

    1 for 2 approved at Annual Meeting.

    by jeffreybul23 Dec 18, 2014 9:12 AM
    jeffreybul23 jeffreybul23 Dec 18, 2014 10:04 AM Flag

    Don't know if that is funny, or sad. My dyslexia kept reading it backwards. It will double shares, not reduce. You are right.

    20 million shares will then be 40 million shares.
    10 million float will then become 20 million float.
    Book value will go from about $5.00 a share, to $2.50 a share.
    Cash per share will go from $.50 to $.25.

    The scary thing, is that if they don't implement a buyback program, they'll stay under $1.00, and be delisted. Hopefully a buyback will be announced after split is implemented.

    Sentiment: Strong Buy

  • 20 million shares will then be 10 million shares.
    10 million float will then become 5 million float (extremely small)
    Book value will go from about $5.00 a share, to $10.00 a share.
    Cash per share will go from $.50 to $1.00.

    Often reverse splits are not good news, so we will have to see what happens. My guess is that management hopes that the share price will come back down to $1.00 after reverse split, so they can make an offer of $2.00 a share for the remaining 5 million share float.

    If I am wrong, and it becomes a positive, share price will rise due to fewer shares (supply and demand), and any dividend expense next year will be cut in half, maybe increasing 2015 dividend.

    Time will tell.

    Sentiment: Strong Buy

  • jeffreybul23 jeffreybul23 Dec 18, 2014 6:10 AM Flag

    Haven't seen anything yet, but I am betting that they all passed. Insiders own 50% of the company, so they only needed 1% of non insiders to vote with them.

    I honestly think they are hoping reverse split causes share price to come back down to $1.00 after reverse split. Book value would be $10.00+ and $1.00 a share in cash, with only 5 million share float. They could then offer $2.00 a share buyout. Investors will get screwed.

    Hoping I am wrong on that, and reverse split is a positive, but we will see. After a reverse split, share price should be $5.00+

    Sentiment: Strong Buy

  • jeffreybul23 jeffreybul23 Dec 17, 2014 2:45 PM Flag

    I did not know it was broadcast? They broadcast conference call, but didn't think they did Annual Meeting. We should hear the results tomorrow in news article. Hopefully some upbeat stuff.

    Sentiment: Strong Buy

  • Reply to

    Management. No reverse split.

    by jeffreybul23 Dec 5, 2014 8:10 AM
    jeffreybul23 jeffreybul23 Dec 17, 2014 9:21 AM Flag

    As per Balance sheet, They have $171 million in Assets, and $62 million in Liabilities = Owner's equity $109 million. So, Yahoo has it incorrect. Book value, as per Balance sheet, is $5.45, so a reverse split would actually bring book value price to $10.90 after reverse split.

    Sorry, I shouldn't have relied on Yahoo stats, but $10.90 after reverse split is a lot. They currently have $.50 a share in cash, so in a reverse split, it would be $1.00 in cash per share.

    If after a reverse split, share price does not exceed $5.00, it will still be 50% of actual worth. I still think they should issue a buyback program, instead of reverse split.

    An announcement of a buyback would be enough to increase share price, and reduce shares, increasing future EPS, and raising book value.

    Sentiment: Strong Buy

  • Reply to

    Book value $23.00 a share if....

    by jeffreybul23 Dec 16, 2014 9:24 AM
    jeffreybul23 jeffreybul23 Dec 17, 2014 9:10 AM Flag

    They would not pay the book value of $23.00, but something much less. Investors would make "some" money, but insiders buying company would get a lot. Hopefully we will hear tomorrow morning on the outcome of the vote.

    Sentiment: Strong Buy

  • Reply to

    Management. No reverse split.

    by jeffreybul23 Dec 5, 2014 8:10 AM
    jeffreybul23 jeffreybul23 Dec 16, 2014 9:23 AM Flag

    Yeah, a positive outcome is few and far between. Hopefully it will be a plus for CCCL. There would only be 10 million shares with 5 million float. Book value would then be $23.00 a share.

    It will pass, since insiders own half the shares. They wouldn't need many floating shares votes to pass it.

    What are the chances they are hoping a company with book value of $23.00 stays around $1.00 after reverse split, only costing them 5 million to buy out the remaining shares?

    There is no way they would make an offer of actual book value of $23.00, so if they offered $3.00 a share, a lot of investors would be happy, but we'd be ripped off by company/insiders.

    Sentiment: Strong Buy

  • With Market Cap at $180 million, there is room for share price to go up more than 5x current price = $10.00+ a share, within next couple years.

    7% dividend, and potential to be up 5x. Wish I had more money to throw in. Only have 7800 shares.

    Sentiment: Strong Buy

  • Reply to

    Management. No reverse split.

    by jeffreybul23 Dec 5, 2014 8:10 AM
    jeffreybul23 jeffreybul23 Dec 8, 2014 1:19 PM Flag

    Hopefully they vote it down. Any stocks I have ever had, that had a reverse split, dropped right afterwards. They also have too few shares as it is, so it really wouldn't make sense. If they have the cash they say, then a modest $10 million buyback would go a long way. They obviously wouldn't do it at once anyway. They could do 500k a quarter if they wanted too, or even less.

    Sentiment: Buy

  • Never a good thing. Just a small buyback program would be more than enough to get the share price up $.05. With the cash on hand, and good outlook, they could afford a small buyback program.

    Sentiment: Buy

  • Reply to

    Delisting scare anyone?

    by jfitchtradercom Nov 24, 2014 3:24 PM
    jeffreybul23 jeffreybul23 Dec 4, 2014 11:13 AM Flag

    They won't allow a delisting. They'd buyback shares before letting themselves stay under $1.00, or be delisted. They had to pay a lot in fees, etc. last delisting, so they won't let it happen again.

    Bought 14k more shares today at $.91

    Sentiment: Strong Buy

  • "The Street" downgrades a stock. Kinda late, don't ya think?

    At this point all the nervous investors are out. Nothing to send shares to the upside until HK listing.

    Sentiment: Buy

  • jeffreybul23 by jeffreybul23 Dec 1, 2014 9:27 AM Flag

    Let's hope so. The share price is already low from anticipation of a loss. The only thing getting this stock higher, is an announcement of the HK listing.

    Sentiment: Strong Buy

  • There are several issues on this years voting proxy, including several on HK listing, including keeping same name on both exchanges, etc. The announcement of the dual listing will come shortly after the voting results at Shareholders meeting. My guess is that they will give January 1st as the dual listing date.

    If earnings meet, and/or beat expectations, and they announce the dual listing after Shareholder meeting, we will see a nice pop in shares. $4.00+, and hopefully $6.00 by dual listing, as there will be another billion investors eligible to freely buy shares.

    Sentiment: Strong Buy

  • Could go either way.

    -They could totally blow the 3rd quarter, and maybe even come down some more in share price,
    -Or, they can beat expectations, and announce the finalization of the HK listing, and double from here.

    However, the risk to the upside is greater than to the downside.

    Sentiment: Strong Buy

  • They will either announce earnings, and/or announcement of earnings date by end of the week. I'm hoping that they beat their loss estimates, even if by a penny. The most important item would be an update on HK listing. Can't stay in "review" forever.

    Sentiment: Strong Buy

  • Reply to

    No News, No Volume.....

    by jeffreybul23 Nov 14, 2014 12:31 PM
    jeffreybul23 jeffreybul23 Nov 17, 2014 7:33 AM Flag

    Whenever there is any kind of news, this stock is very volatile, so there is volume to justify buybacks. They also can set a higher price, for more shares.

    The other day someone put in an order for $2.24, so all Limit order priced shares purchased up to that price were bought.

    About a month ago, someone put in an order for 80k shares, with high purchase price, so anyone with a Limit order to sell under that price, were bought by them.

    The current volume would not determine shares bought. Anyone can buy 1k, 10k, 100k, 1 million shares if they set a high enough price, and enough Limit sell orders to "justify the paperwork".

    Sentiment: Strong Buy

  • jeffreybul23 by jeffreybul23 Nov 14, 2014 12:31 PM Flag

    Until they announce something good, positive earnings, that they are expanding their buyback program, HK listing is finalized, etc.....

    This is a very volatile stock, so one piece of good news will shoot share price up to $3.00, and more than 1 good announcement, above $4.00 a share.

    My selling point would be $6.00+, as I think they can get there with the HK listing in place. They do have a buyback program in place, buying back slowly, and with another billion investors able to buy shares, supply and demand will mean a higher stock price.

    Sentiment: Strong Buy

AERL
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