GPRC - Recycler mit günstiger Bewertung
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Eröffnet am: | 06.04.12 00:34 | von: thekey | Anzahl Beiträge: | 51 |
Neuester Beitrag: | 16.08.12 17:12 | von: lady luck | Leser gesamt: | 8.190 |
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Preis: $1.17
Webseite: http://www.guanweirecycling.com/
Float: 8M - Outstanding shares: 12M
http://www.dailyfinance.com/quote/nasdaq/...cling/gprc/key-statistics
Charts:
NEW YORK, NY -- (Marketwire) -- 04/12/12 -- Chinese small cap stocks have been red hot recently. Chinese based companies have been some of the biggest movers in the market recently, with gains for these companies ranging from 20 percent to as high as 180 percent over the past week. The Paragon Report examines the outlook for China's small cap stocks and provides investment research on SmartHeat Inc. (NASDAQ: HEAT) and Guanwei Recycling Corp. (NASDAQ: GPRC). Access to the full company reports can be found at: www.ParagonReport.com/HEAT www.ParagonReport.com/GPRC While a few of these companies had their own reasons for the sudden spikes, there has been one common factor. The China Securities Regulatory Commission (CSRC) nearly tripled the quotas for qualified foreign institutional investors to 80 billion Yuan from the previous limit of 30 billion Yuan. This will allow offshore investors to inject an extra $50 billion Yuan ($7.95 billion) into the country. Although the dollar amount was not a significant sum it was still symbolically important as it appears that China is loosening its grip on their tightly controlled capital markets. The "move is a sign of a push for greater capital account opening," said Dariusz Kowalczyk, a senior economist at Crédit Agricole in Hong Kong. "It is also a step toward attracting more foreign investment." The Paragon Report provides investors with an excellent first step in their due diligence by providing daily trading ideas, and consolidating the public information available on them. For more investment research on China's small cap stocks register with us free at www.ParagonReport.com and get exclusive access to our numerous stock reports and industry newsletters. SmartHeat Inc., a market leader in China's clean technology, energy savings industry, announced financial results for the fiscal year ended December 31, 2011. Mainly due to goodwill impairment of $8.96 million taken in Q4 2011, the company experienced an operating loss of $8.82 million in Q42011 compared to an operating loss of $2.54 million in Q3 2011 and a net loss for Q42011 of $9.59 million compared to net loss of $4.0 million for Q3 2011. If not for one-time impairments to goodwill and inventory taken in Q4 2011, their operating loss would have resulted in operating income of approximately $3.77 million in Q4 2011 compared to operating loss of $2.54 million in Q3 2011. Guanwei Recycling Corp., China's leading clean tech manufacturer of recycled low density polyethylene (LDPE), reported record sales and profits in 2011. Continuing strong domestic demand for the high quality, competitively priced recycled plastic manufactured at its zero discharge facility, also is expected to produce another year of record growth in 2012. The Paragon Report has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at: http://www.ParagonReport.com/disclaimer
Bei $1.36 stehe ich bereit meine verkauften Aktien wieder einzusammeln.
Wem das traden fremd ist und das Risiko scheut sollte an seinen Aktien festhalten.
Den GPRC ist ein Wert bei dem man ruhig schlafen kann ohne am nächsten Morgen aufzuwachen um dann eine Handelsaussetzung vor Augen zu haben.
That said, short-sellers were flocking into the stock this past Friday and again on Monday, and thus I would suspect April 15th short interest numbers might be quite startling in comparison to the most recent report. Short-sellers are still of the mindset that they get a free pass throughout the China small-cap sector, as they're very aware there's little institutional interest and that retail investors are very unlikely to create sustainable runs. Short-sellers might not want to pile on too heavy in GPRC at current levels, as they may very well get run over for a change. With regards to all the other above named companies, I think short-sellers will be just fine.
With 20 million outstanding shares and an 8 million share float since the company came public, and the company not ever having raised a dime in the capital markets, I see Guanwei beginning a climb back to a P/E of at least 5, or a stock price of $3.20 by Q3 - and even then that's dirt cheap for a rapidly growing Chinese company that's never been accused of fraud.
Lastly, let's also not forget that the original investors in the stock between $3 and $4 are still in the stock today, and that speaks volumes. Other original investors in many other Chinese companies have been fleeing as if the cops were after them, taking what they were able to salvage and calling it a day.
Description of Guanwei Recycling Corp.
Guanwei Recycling Corp. is China's largest manufacturer of recycled low density polyethylene (LDPE). Adhering to the highest "green" standards, it has generated rapid growth producing LDPE from plastic waste procured mostly in Europe for sales to more than 300 customers in ten different industries in China. Guanwei Recycling Corp. is one of the few plastic recyclers in China that has been audited by German authorities, most recently Umweltagentur Erftstadt, for compliance with German pollution and environmental standards. This allows the company to procure high quality plastic waste directly from Germany and other European countries (Spain and Holland), with no middlemen, and permits highly economic production of the highest grades of LDPE. Additional information regarding Guanwei Recycling Corp. is available at www.guanweirecycling.com.
Information Regarding Forward-Looking Statements
Except for historical information contained herein, the statements in this press release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause our actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, product demand, market competition, and risks inherent in our operations. These and other risks are described in our filings with the U.S. Securities and Exchange Commission.
US Contact:
Ken Donenfeld
DGI Investor Relations
kdonenfeld@dgiir.com
Tel: 212-425-5700
Fax: 646-381-9727
SOURCE: Guanwei Recycling Corp.
CONTACT: mailto:kdonenfeld@dgiir.com
Copyright 2012 Marketwire, Inc., All rights reserved.
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SUBJECT CODE: Chemicals:Plastics and fibers
Environment:Hazardous Materials Management
Environment:Waste Management
Shares Are Issued to Hong Kong Based Chenxin International as Payment for Accrued Guanwei Expenses
FUQING CITY, CHINA, Apr 25, 2012 (MARKETWIRE via COMTEX) -- Guanwei Recycling Corp. (the "Company" or "Guanwei") (NASDAQ: GPRC), China's leading clean tech manufacturer of recycled low density polyethylene (LDPE), today announced the execution of a debt conversion agreement with Chenxin International Limited ("Chenxin"), a Hong Kong company and shareholder of the Company which is controlled by Mr. Rui Wang, a director of the Company. Pursuant to the agreement, all expenses previously paid by Chenxin on behalf of the Company, totaling $1,468,167, shall be cancelled in exchange for the issuance by the Company to Chenxin of 815,684 shares of Guanwei's common stock, or $1.80 per share.
Continuing Confidence in Our Future
Mr. Chen Min, Chairman and CEO of Guanwei, commented, "We are most appreciative of the long time support we have received from our director and friend, Mr. Rui Wang, who in another demonstration of his confidence in our future has agreed to this conversion at a small premium to the current price of our shares and also has expressed his continuing interest in remaining a long term shareholder. With this conversion, the Company is able to avoid a lump sum cash payment, further strengthening our cash position. We also are further advancing our corporate governance practices by terminating transactions that are common business practice in China, but may not be viewed favorably by U.S. investors."
Conversion at an Approximately 20% Premium
The Company explained further that the expenses accrued by Chenxin since 2009, with no interest charges to Guanwei, have been reflected in Guanwei's most recent balance sheet as "outstanding amounts due to a shareholder," and mainly are for the payment of U.S. legal and professional fees relating to the Company's U.S. listing, which could not be paid in RMB (China's currency). The oral arrangement with Chenxin, based on a longstanding friendship and business relationship between Mr. Wang and Guanwei's founder, Mr. Chin Min, was in place before Guanwei went public, and continued as a means to legally expedite non-RMB payments. The Company noted further that the agreed conversion at a share price of $1.80, represents an approximate 20% premium to yesterday's closing price of the Company's shares on NASDAQ.
Description of Guanwei Recycling Corp.
Guanwei Recycling Corp. is China's largest manufacturer of recycled low density polyethylene (LDPE). Adhering to the highest "green" standards, it has generated rapid growth producing LDPE from plastic waste procured mostly in Europe for sales to more than 300 customers in ten different industries in China. Guanwei Recycling Corp. is one of the few plastic recyclers in China that has been audited by German authorities, most recently Umweltagentur Erftstadt, for compliance with German pollution and environmental standards. This allows the company to procure high quality plastic waste directly from Germany and other European countries (Spain and Holland), with no middlemen, and permits highly economic production of the highest grades of LDPE. Additional information regarding Guanwei Recycling Corp. is available at www.guanweirecycling.com.
Information Regarding Forward-Looking Statements
Except for historical information contained herein, the statements in this press release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause our actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, product demand, market competition, and risks inherent in our operations. These and other risks are described in our filings with the U.S. Securities and Exchange Commission.
US Contact:
Ken Donenfeld
DGI Investor Relations
kdonenfeld@dgiir.com
Tel: 212-425-5700
Fax: 646-381-9727
SOURCE: Guanwei Recycling Corp.
CONTACT: mailto:kdonenfeld@dgiir.com
Copyright 2012 Marketwire, Inc., All rights reserved.
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SUBJECT CODE: Chemicals:Plastics and fibers
Environment:Hazardous Materials Management
Environment:Waste Management
http://seekingalpha.com/news-article/...s-2012-second-quarter-results