Lentuo International Announces Management Share Purchase
Lentuo International Inc. 3 hours ago
BEIJING, Jan. 22, 2015 /PRNewswire/ -- Lentuo International Inc. (LAS) ("Lentuo" or "the Company"), a leading non-state-owned automobile retailer headquartered in Beijing, today announced that members of its senior management team, including its Chairman Mr. Hetong Guo and Chief Executive Officer Mr. Jing Yang, will use their personal funds to purchase the Company's American Depositary Shares on the open market for an aggregate amount up to a maximum of US$1.0 million as soon as possible within one month.
Mr. Guo commented, "This share purchase demonstrates our management team's confidence in the long-term prospects of Lentuo's business. We believe we are implementing sound strategies in building our relationship with BMW and other premium brands, cooperating with Bitauto and Youxinpai to expand our online-to-offline platform for high-end pre-owned car business, and enhancing our high-margin after-sales services. We are steadfastly moving our business model towards an emphasis on margins as much as market share. We hope that you, our shareholders, will share our confidence."
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12-month target: $10++ .....easy 20-bagger
Take a look at these ridiculous valuations when considering explosive growth potential of company's high-margin new luxury pre-owned sales strategy with partner Bitauto (BITA) and expansion outside Beijing to increase revenues/net income:
Current P/S Ratio of 0.04; 3.8 PE; Price to Book Ratio 0.13; Book Value of 5.12; Enterprise Value to EBITDA of 4.18; 0.96/sh cash