Couldn't disagree with you Kmacattack, even a small buyback program would help, as there are not a lot of shares floating around as it is. Also, with a positive cash flow, they wouldn't even need to dip into their current cash. Hopefully one of these days management will listen to us.
They were not set to announce earnings until tomorrow morning, but news release today saying that announcement comes today after close?
I would think it would only be announced early if positive? If positive news, back over $1.00?
They'll need to turn things around. They still have a positive cash flow, but not enough cash to buyback shares. Reverse split may be their only option if stays below $1.00, but hopefully with a positive earnings, they'll get back over the $1.00 mark.
If they offered a buyback program the same size as their current market cap, they would potentially buy back all shares in the float, but as soon as a buyback program was announced, the share price would double.
Love to see $1.25 prior to earnings, and then a pop to $1.50 after earnings announcement.
Most likely won't see above $1.14 today, as someone put a sell order in for 185k shares at $1.14. If those shares can be bought out today, we could see your $1.40, which I'm hoping for soon.
If volume increases, so does the share price. Some "decent" earnings would be good. Doesn't even have to be "great". Just show us some turn around.
So, $3.23 is not an unreasonable goal to obtain by end of year, especially if core business can turn around during 2015.
Please send link to rumor, and/or anything credible. Thanks.
The company should be announcing earnings around the 15th+ of May. They have to be decent, with positive earnings, to really run up. If positive earnings, and/or something really good to be announced in conference call, then we should see $2.00.
However, if not, share price will be lucky to stay above $1.00, but the company won't let share price stay under $1.00, as it risks delisting of the company on stock exchange.
The bigger question is, "can they stay above $2.00 when it gets there"? There is a lot of volatility in the Chinese companies, so investors will take profits the closer they come to $2.00, most likely back down to $1.50 if/when share price hits $2.00.
Couldn't be better news. They will continue to buy back shares, until the share price is above $1.00. That's about an 80% jump in share price by years end.... easily.
There are 19,900,000 shares issued, but only 6,290,000 in the float, so insiders own 68% of the company.
If the float goes down to 5,790,00 then insiders will own 71% of the company.
They will definitely be buying shares until the share price is over $1.00, and when ever it drops under, they will buy more shares. If they buy back the whole 500k shares, they will vote in another 500k buy back, or as much as they need to increase price to $1.00+.
The company would buy back the company before letting it be delisted. Book value of the company is currently at $4.57, so any offer price would have to be over $3.00 a share, to make sure they don't get hit by lawsuits from upset investors who want more money for their shares in a purchase offer.
Also, a big point to consider, is that they would not offer to buy back shares if they were not expecting positive earnings for rest of the year, as they would use the money from income in the current quarters to buy shares, and not dip in cash on hand.
In 5 days the "Blackout" period will end, and they can actually start to buy shares, as long as the share price is under $1.00 a share, which means a share price of $.66 to $1.00 is a 51% guaranteed increase. Only have 6k in this stock, but would love to see it become 9k, or even 12k.
No, it is not illegal, but timely, and expensive process for a company to have dual listing.
But still under $1.00? If they continue to buy back shares aggressively, they will own the company out right. If one of my other stocks does well enough for me to sell those shares, I'll definetly think of putting it here.