Again lots of blah, blah with arrogance but not seeing that all you say is just a few parts, peanuts in the overall picture. Have you ever seen a GE engine? One little Co makes some gains, that's all, the rest of the field and the big dreams are in the dust.
Funny, in your rebuttal you are confirming my post with: ONE blade if not TWO will be 3D printed by Arcam.....and: Subsidiary Avio will do the ACTUAL production.....and: the only one executing is Arcam. Again, no production line anywhere is being converted to 3D in Aviation and by the way not in the Auto industry either. It's parts or pieces added to but produced elsewhere. Them are the facts maam. You call that a success, I call it a failure compared to all the hoopla this once got. You are entitled to your opinion but best stop pontificating, my interpretation of the facts reflects what is actually happening imo.
Its ok Chris, it is just how one looks at it. Pdb sees a few parts as proof of 3D dreams, I do not. The huge 3D expectations of 4-5 years ago have never come to pass, there is not and never will be a 3D Leap engine production line or for any other engine production line just some parts here and there produced off-line. There maybe some select further growth but Arcam and co are not going to be the next Boeing, Apple or Honeywell.
Yes, don't understand why he did that, pretty stupid without any good news to support it.
It looks like the Co is dead in the water, no news of sales from their in-house printer and the once much touted partner GE is busy producing hundreds of LEAP engines without needing or apparently wanting the Sigma Quality control software.
It looks to me that this whole 3D printing thing (except for the cheapo toys etc) is not going anywhere, probably due to advances in computer controlled precision machining coupled with the cost of converting production lines.
Yes, you picked up on the difficulties of paying dollars out of China, that does not help either but for now the only thing we have on record is the Father's 10K statement, no dividends and we are keeping the cash.
There is no institution or major investor that will buy this stock no matter how much they earn until the Son retracts or revises that in the next filing.
If not, I will get out of this and you should too.
No and it does not matter. See the arieckeg2 post above, same insight as mine but yes, there is the son. If he does not say some definitive things to raise the share price soon (2-3 months) then it will be more of the same. Most of these small Chinese companies want to be on an American exchange for the prestige at home but have no intention to share the cash with American investors.
This is in flagrant violation of the SEC fiduciary responsibility rules and you can try complaining but with the political situation in the business area (the Chinese must be appeased) it is likely that they will not do anything. If you have the money to support a long court fight you can file a suit and I wish somebody would file a class action suit on all these Companies.
Great results? A decrease in sales and almost 17% in income. How is that great? The more optimistic guidance is just that which is why it's down today. What is needed is to share some of that cash with investors. Without it this will go nowhere just like the other Chinese small caps sitting on piles of cash. All you can hope for is that the son understands the market better than the father but so far he has said nothing about a dividend or buyback. I hope someone will ask on the call.
Impressive results again but down it goes once more. In spite of heavy pressure by the analysts, first on a dividend, he was pressing and pressing for a commitment then on a minimal buyback, something, anything to show commitment with a small portion of all that cash, the guy was practically begging, he definitely slammed the door on any divvy in 2016 and only after repeated pressing agreed to perhaps looking at re-opening the $2/share buyback again. What was really unbelievable and shows the continuing deep disconnect from any market awareness was his statement that the enduring low share price is NOT due to the lack of any dividend or buyback but if they just grow the Co investors/institutions will come and the share price will rise. His new estimate: 10 times yesterday's price say $14-15.
Don't hold your breath on any buyback, it was obvious he just wanted the guy off his back so longs here will continue to sit on dead money at least until they get a license for 10? 30? more wells, probably late 2017.
CB, you seem to have forgotten the Co's statements that they might try to get on the Shanghai. I believe that that was last fall before the Chinese markets crashed.
We then had a short discussion here on whether that would be good or bad for us. Most thought it would be good. I do not know the rules for getting on it but it does seem to be far more difficult and expensive than the reverse merger method here in the US. With more market turmoil expected in China I think they have probably given up on that for now.
It seems that several longs are happy/satisfied with the new message but the market is not because nothing has changed. This is just another in the long chain of 'we will be a great company some day', blaming Investors for the low share price while the Co continues to do nothing concrete to raise it. Meanwhile the huge cash pile continues to grow.
Actually, for those of us who were hoping for even a small buyback or dividend that door is now slammed for good with the plan?/promise? to acquire a foreign company which with the NG provides the perfect excuse to hold on to all the cash that can be generated in the next two years at least. It remains all words and until as a Chinese Co they show a willingness to share some of the earnings with the US shareholders major US investors and institutions will stay away and this will continue to languish.
The appeals courts are corrupt, they are appointed, by definition corrupt. Apple would have never won its case but Judge Rader one of the few honest and ethical judges in that system was set up, forced to resign, a more pliable judge appointed and low and behold 25 year of precedence was overturned in a flash.
That's what Apple is counting on, for it to once again accept some kind of appeal on some technicality and once again overturn the jury judgement. That's why they don't settle and that's why this remains below $5. If investors really believed these Billion dollar award estimates this stock would be at $25 or higher, not below $5 but they have learned their lesson.
I assume you have conveyed all these concerns to Mgmnt (not Helen) on several occasions as I have. After the next Q-10 when the website is new (hopefully) we should all send our laments in again!
My earlier highest possible figure was 60M but more likely 40M but that also included the infrastructure they say they are building. After that 15M would probably be tops and could as you say easily be paid for by profits from the first and so on. In any case, the point I think you (and I agree) are making is that the NG development is just the next excuse to keep the cash sequestered as they have done now for more than 5 years. We can't seem to do anything about it, we don't have any major investors like Buffet and Ican. One of the Institutions could if they woke up to the fact that this could be a goldmine so again, anybody with any contacts there?
Mnew & Alan and all who have said this before, all fine and well but the problem is how do we get this across to Management, specifically the stubborn CEO. Write letters, yes I have done so, keep it up people but us retailers are ignored. One thought that might have some merit is to approach one or more of the Institutions that have taken very small wait and see positions in this stock. These are typically not monitored closely by humans in the firm (just auto trip wires) but what if they were made aware of the ten-bagger potential of this stock? Some such as Black Rock are more activist than others and they could pressure Mgmnt much more effectively. All we need is someone with contacts in those firms. Anyone?
Aw come on now Donat, some of these own less than I do. These are minuscule starter investments for these entities they have held for years waiting for the cash to be shared just like us. If these guys really started buying if there were some real signs of sharing some cash this stock would skyrocket.
The Chairman himself has said that based on the fundamentals the stock is worth $8/share and that was before NG. He is right if they were in the US and acted like a US company, buying back stock and paying dividends with some of all that cash.
Donat, The issue is not the divvy per se. It is what it will do to the stock price. I think most longs agree that a declared annual divvy will lift the price into the $3-4 range for starters and will bring in the institutions. Without them the pps can't go anywhere. Again, Major investors and institutions will NOT buy if the cash is not shared with investors. There is plenty of money to do that, it does not take more than 5% of the cash. If you do not see that then I despair of the Chinese CEO.
The reason I and other longs are still hanging in here is the hope that eventually this Management does realize (there have been a few CC hints) that that is what they must do. The payback would be far bigger than buying Verizon or ATT.
I agree partly but you and Donat are buying into the excuse that they need all that 170+million for the NG up front. That can't be true, you can check with the oil Co's but single well development at the very max does not run more than about 60M in a year and mostly far less than that. So, we, the divvy/buyback pushers are once again hearing a lie and excuse to continue to sequester our cash (how many in the past 5 years?) because the Chairman does not want to share any for some bizarre cultural reason.
There is the possibility that the Chinese local or federal government requires holding that much cash but I really don't believe that considering all the prior excuses and the cash hoarding history.
You can't compare IBM Donat, it is huge and has an established divvy history. For a small Co like this to start a dividend would be game changing. Without it no major investor or institution will buy and they can grow NG, Chemical, Bromine and increase earnings all they want, the longed for true value will never happen if they won't share the cash. Unfortunately, the Management does not or will not recognize this.