already delivered. This equates to about .80 - .83 cent per share already booked in Q2 profit. This will put the trailing PPE around $1.66 per share which means with current extremely low PPE the stock should run to about $5.40 per share.
The 10K numbers are very nice:
Revenue already delivered in Q2 (only halfway through quarter):
$49M (estimate based off $4.9M profit comment...usually make 10% here)
$22M (Wood Contract)
$4.9M (Scrap Metal)
$77.8M already delivered in Q2. This estimate puts revenue at $120M after Q2 after all of last year was $124M. Q3 tends to be in line with Q2 so we could be over $200M by end of Q3 and everyone knows Q4 is the gravy. It could be a $100M quarter.
Sentiment: Strong Buy
I hope you are right or you lost a lot of credibility. I've talked to Christina countless times and she never gives our information and refers you to legal, their website, or SEC.gov. She's a stone wall when giving out info.
EXPORTS SOAR ALMOST 11% over MARCH!!!
STOCK PILES LOWEST IN 17MONTHS!!!
"Import/Export Express of Steel Product and Billet/Slab in Apr, 2015
[May 08, 2015] China's export of finished steel products came in at 8.54 million tonnes in April 2015, up 10.9%% or 840,000 tonnes from 7.7 million tonnes in March 2015, the General Administra...
China Iron Ore Port Stock Hit the 17-months Low
According to Mysteel survey on China iron ore port stock, the port stock of this week showed a tremendous decline to 89.91 Mt, reaching a new low among approximately 17 months."
"China is a vast country with huge economy. The domestic steel production in China will continue to increase as the country continues to grow. On the other hand the elimination and reduction on the export tariff for the commodities would make an additional opportunity to grow steel trading business and export the production surplus. Armco Metals Holdings is well positioned and strategically managed in the China market..."
Sentiment: Strong Buy
Armco Metals Holdings Issued by BrokerBank Securities, Inc.
By PR Newswire, April 30, 2015, 07:00:00 AM EDT
A A A
NEW YORK, April 30, 2015 /PRNewswire/ - China is the largest market in the world for scrap metal used in the production of steel. China produced 823 million metric tons of steel in 2014 and expects to produce 814 million metric tons in 2015. Recycling steel requires 60% less energy, reduces air pollution by 86% and water pollution by 76% as compared to the traditional iron ore to steel processing methods, according to China Association of Metal Scrap Utilization ("CAMU"). In addition, recycling metal is believed to be less costly than mining iron ore and manipulating it through the production process to form 'new' steel.
Armco Metals Holdings Inc. (NYSEMKT:AMCO) is a leader in the trading and distribution of metal ore to the metal refining industry in China. It engages in the sales and distribution of metal and non-ferrous metal ore for China's growing steel manufacturing industry. It also recycles scrap metals used by steel mills in the production of recycled steel. By producing high value of non-ferrous scraps from the raw materials of scraps acquired at lower cost, the company's recycling business generated net revenues of approximately $105 million in 2014, increased by 62% compared to 2013.
For analyst comments and recommendation on Armco Metals Holdings please follow the link below. There is no cost obligation required to view this report.
Read more: http://www.nasdaq.com/press-release/dependable-metal-recycler-experiencing-market-saturation-armco-metals-holdings-issued-by-brokerban-20150430-00325#ixzz3YnJ3YFGB
Sentiment: Strong Buy
Thought I'd ask...I believe we'll see $3 before earnings but it will give some back on certain days. The speculation alone is going to drive it the next 10 days. Good Luck to you. We haven't always seen eye to eye but at least I know you've been here for the long haul not like all the folks showing up today.
most likely. The reality is AMCO institutional buying has been slightly increasing the last few quarters. Now that the company has posted a couple solid quarters and the outlook has drastically improved for them the Institutions are jumping in at the most brilliant time. They will all have to announce by 05/15 their Q1 activity however anything being bought now won't have to be announced until 08/15 therefore going into AMCO earnings which is about 2 weeks out they stand to make a killing. The stock has traded shares like this several times over the last 2 years but all pre-split. The trading today is equivalent to 40M shares prior to January of this year.
This is the most encouraged I've been about the company is today. GLTA
Sentiment: Strong Buy
A very, very good PE ratio is in the range of 10 to 14 (some analysts even say less than 20) but I've more conservative. All it will take is one more spot on news release, decent earnings or a good outlook. My 2 cents.
Armco Metals: News Around the Industry
Shanghai index continues 7-year high
Chinese stocks rallied on Friday, with the benchmark Shanghai index up 2.2 percent to a seven-year high.
The Shanghai Composite Index gained 92.47 points to close at 4287.3 points, while Shenzhen Component Index climbed 1.3 percent to 14,149.34 points.
Airline stocks led the gain on Friday, with Spring Airlines surging by the daily limit of 10 percent, and Hainan Airlines by 7.9 percent. China Southern Airlines, gaining 8.5 percent, earlier announced that it expected a turnaround in its first-quarter earnings, crediting the Belt and Road Initiative as a major contributor.
The coal sector rebounded, with industry giants China Shenhua Energy and Yanzhou Coal Mining Group climbing 3.5 and 2.7 percent respectively on Friday.
Economists expect the central bank to deliver another cut on benchmark interest rates and the reserve requirement ratio in the coming months, as the country's economic growth fell to a six-year low of 7 percent in the first quarter, according to government data released on Wednesday.
Key infrastructure projects in railway, water works, environment protection, energy and utilities are also expected to speed up construction and together with other supportive measures buttress real activity from May, UBS Securities wrote in a note.
My conclusion is the stock is underpriced and manipulators know it. The volume this week is nothing more than funds buying stock. You watch when the 13f-hr's start coming out what happens. It will be another increase. Please don't get me wrong...1.5% institutional ownership is nothing to write home about but it keeps going up. Also for the record in case someone doesn't know what a net - net stock is I've posted the definition. It tells me that this is very underpriced...
"A net-net is a stock that is trading below the value of it's current assets (cash, receivables, inventory) minus all liabilities (short term liabilities, long term liabilities, all debt)."
Sentiment: Strong Buy
3 Basic Checks To Value Cheap Net Net Stocks
Apr. 14, 2015 1:34 PM ET | 3 comments | About: Emerson Radio Corp (MSN), Includes: AMCO, DCTH, OPTT, SGOC, SHOS, STRI
Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. (More...)
•What is a net net and what characteristics do they hold.
•A short list of net net stocks in the US market.
•3 basic checks to perform on net-nets to see whether it's worth investing in.
With such a hot market, a section of the market that is clearly overlooked is the cheap Graham net net market.
Net Net stocks has the following characteristics:
•big glaring issues
•bad management team
•often penny stock prices
The term net net comes from Graham, when he first came up with Net Current Asset Value and Net Net Working Capital.
NCAV = Current Liabilities - Total Liabilities
You can see how cheap a stock is if the price is below NCAV per share.
Basically worth nothing more than the tangible assets in the balance sheet.
But net net's aren't totally useless because these ugly stocks are certainly overlooked.
Nobody wants to be holding a piece of junk that you can't show off to friends.
I maintain a list of net nets to look at once a while, but during this bull market, the list is definitely thin.
•Armco Metals Holdings (NYSEMKT:AMCO)
•STR Holdings (NYSE:STRI)
•Ocean Power Technologies (NASDAQ:OPTT)
•Emerson Radio Corp (NYSEMKT:MSN)
•Delcath Systems (NASDAQ:DCTH)
•Sears Hometown and Outlet Stores (NASDAQ:SHOS)
•SGOCO Group (NASDAQ:SGOC)
Do your own research but numbers coming out of Q1 reporting shows it's going to be strong...
"Apr 13 2015. China Mar steel exports rise 13.9% to 7.7mln t ... "
China’s steel exports up 62.5% in February 2015
March 12, 2015
"China exported 7.8Mt of steel in February 2015, up 62.5% from the same period last year..."
Profit up 339%
Losses down 425%
Receivables up 68%
Liabilities down 22%
Payables down 45%
Loans down 38%
Revenue down single digit but only because they chose not to do bad business....
And yet KSN whines about 2.6 cents versus .26 cents??? KSN previously whined because they didn't make money; now they make money and finds something else to whine about.
could be next week right? I keep hearing earnings are 03/27 or 04/02.
I don't know if anyone saw it but last Monday's front page of the WSJ tells the real story of China Steel...
the exports will actually salvage this year for them and here's the data...
January exports up 63% over last year...
59% higher than 2 years ago...
On pace to export more steel than any country this century...
Exports to U.S. was up 40% in January compared to last year...
Imports to India from China up 200% compared to last year...
The reality is the domestic industry inside China is bad as being reported but for some reason it's rare the real story is told that the Steel industry in China is going a record pace. This will only be stopped if other countries implement tariffs to slow the beast which is possible but will take a very long time due to red tape.
Again, I'm just reporting facts and not pumping or bashing with no substance...make up your own mind but data always speaks volumes...as an old friend of mine said many times...
"In god we trust...everyone else bring data!"
GLTA this week
March 19, 2015
...Armco (Lianyungang) Renewable Metals, Inc. convened an exchange meeting with some of their suppliers recently. The meeting aimed to accelerating the “platform model” and increasing the “direct delivery”. Direct delivery means Armco (Lianyungang) rents their equipments to some of their suppliers with good credit who process the raw materials on their own yard as required and deliver the processed good to our customers directly, by which logistic lost reduces, sales revenue increases and market share improves...
Exact quote: "soaring"...
Scrap markets across China were in a downward slide except market in Hebei, where eyed a gain of 40 yuan a tonne thanks to soaring Tangshan billet prices.
More business with Baosteel will be announced soon. The billet busy is actually extremely positive.
..Bucked up by the upbeat of steel billet, rebar prices in Northern region started to inch up last week and rebar price in Beijing gained 150 yuan/tonne in three days last week, which further beefed up futures market with the price of contract 1510 rebounded 67 yuan/tonne...
China crude steel production 65.5mt in January
...China’s net finished steel exports (exports minus imports) in January were 9.1 million tonnes based on a record high volume of exports at 10.3 million tonnes. January net exports were 68% higher than in the same month last year. And finally, net exports as a portion of crude steel production in January stayed about the same as in the past few months at 14%, but much higher than the 8% level seen in January 2014....