PRVH 20% plus in USA!!!

 

 

Glückwunsch an alle investierten.  

 

 

erst gezockt und bin dann zu hoch eingestiegen. Meine Devise, geht der Kurs den Bach runter, lass die Aktien liegen, denn sie gehen irgendwann wieder hoch, vorausgesetzt man kann das Geld eine Weile lang investiert lassen. Hektische Panikverkäufe sind Schwachsinn.
Wenn morgen alles super weiterläuft könnte das ein 100%ler werden, ein recall vom letzten Jahr November...  

 

Providential Holdings Acquires Majority Stake in a Leading Chinese Tool Manufacturer

FOUNTAIN VALLEY, CA -- (MARKET WIRE) -- 06/15/04 -- Providential Holdings, Inc. (OTC BB: PRVH) (Berlin Stock Exchange: PR7, WKN 935160) (www.phiglobal.com) today announced that it has signed an agreement to acquire a 60% ownership stake in Yutian Saw Corporation (YTSAW), www.YTSAWBLADES.com (English) and www.ytsaw.com (Chinese), a leading Chinese manufacturer of circular saw blades.

According to the terms of the transaction, expected to be closed by June 30, 2004, Providential Holdings acquires 60% of the common stock of Yutian Saw Corporation in exchange for $45 million in short-term notes. As part of the agreement, Providential will assist YTSAW in becoming a publicly-traded company in the US and Europe within nine months following the closing of the transaction. In addition, Providential will help market YTSAW's products outside of China and facilitate YTSAW's access to the Western capital markets for funds needed to expand rapidly into the international markets.

At the current exchange rate of 8.2766 Chinese Yuan per US dollar, YTSAW's revenues and net profits were $81,584,225 and $17,937,317 for the year ended 2003, as compared to $68,264,745 and $14,377,685 for the year ended 2002, respectively. While revenues grew 19.51% from 2002 to 2003, net profits grew 24.76% during the same period. For the first five months of 2004, revenues were $40,717,200 and net profits were $9,303,335, an equivalent of $97,721,286 and $22,328,000, respectively, on an annualized basis for 2004. As the majority owner of YTSAW, Providential Holdings will be able to recognize YTSAW's revenues and profits on its consolidated financial statements. At the average Price-Earnings ratio of 17.8 for the Appliance and Tool industry, YTSAW's market capitalization is expected to reach over $395,000,000 once it becomes a publicly-traded company and contribute an additional $237,000,000 to Providential's overall valuation.

YTSAW is Asia's largest steel rotary saw blade manufacturer. Its products range from the household saw blades to those industrial blades measuring more than six-feet in diameter and costing thousands of dollars. These larger blades, hardened alloyed or diamond tipped, are used to cut concrete blocks, canal channels, trenches, metal bars, plates, timber and rocks. YTSAW currently employs more than 600 workers and its fixed assets include land, buildings, and machine tools from Japan, Germany and USA. Its mega-watt carbon dioxide lasers cut and anneal industrial saw blades in round-the-clock production runs. The company occupies a land of about 28 acres with a production area of about 800,000 square feet in Hebei, China, about 100 miles from Beijing, the capital.

Henry Fahman, Chairman and CEO of Providential Holdings, commented, " YTSAW is a very profitable company. They have an excellent management team and R&D staff. Their products are in high demand in China because of the housing and infra-construction boom. We will contribute to their growth by bringing their products to non-Chinese markets, take them public in the US and Europe in the near future, and facilitate their access to the Western capital markets. As we are uniting Chinese and US corporations together to create more value, YTSAW will undoubtedly bring significant improvements to PRVH's financial results. In addition, we are currently in the final stages of negotiations with a couple more Chinese companies of comparable sizes."

About Providential:

Providential Holdings, Inc., a diversified service and manufacturing company, focuses on selective technologies, financial services, international markets and special situations. Products and services include mobile entertainment systems, information technology, identification technology, infrastructure development, and telecommunications. The Company also engages in trade commerce and mergers and acquisitions, especially in the U.S. and emerging overseas markets with high potential for growth. URL: http://www.phiglobal.com.

Safe Harbor: Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results in the future to differ materially from forecasted results. These risks and uncertainties include, among other things, the company's ability to attract qualified management, raise sufficient capital, and effectively compete against similar companies.

Contact:
Providential Holdings
Henry Fahman
714/849-1577
henry@phiglobal.com
 

bei die fische. das schöne ist, dass da noch ein paar news von dieser kategorie auf uns warten.  

 

60% of the common stock of Yutian Saw Corporation in exchange for $45 million in short-term notes ... was glaubt ihr wohl woher dieses "geld" kommen soll ... nur ein tipp: outstanding shares sind 127 mio. ... authorized shares sind 300 mio.

   Yours sincerly, TheArtistFormerlyKnownAsRalph

 

ich weiss, dass prvh mit sehr viel risiko behaftet ist. in der vergangenheit gab es oft nebulöse ankündigungen und es wurden nur verluste gemacht. nun scheint sich die situation zu ändern und dazu mal ein paar dinge:
1. prvh sucht investoren, um eine stahlfirma in china zu  übernehmen, welche profitabel ist.

2. prvh übernimmt 60% einer firma in china, die sägeblätter herstellt und profitabel ist. die bezahlung erfolgt durch "short term notes" und nicht durch ausgabe neuer aktien. außerdem: stahl-sägeblätter, das passt doch gut zusammen oder? der deal soll bis 30.06.04 verbucht werden.

3. es werden bis in zum juli noch weitere deals vermeldet werden, die in der größenordnung des letzten liegen.

4. zu atc wird auch noch was kommen, da das unternehmen an die börse gebracht werden soll.

5. firstberlin wird noch ein update veröffentlichen.

es steht also noch viel an in nächster zeit. es muss jeder selbst wissen,ob oder wieviel geld er investiert. ich hab jedenfalls soviel investiert, dass ich auch einen totalverlust verschmerzen kann. sollte aber die story funktionieren, winken hier gewinne satt und ich werd ein hübsches sümmchen machen. wie gesagt, muss jeder selbst wissen.

 

Ich halte PRVH nun seit ca. 9 Monaten und habe alle Höhen und Tiefen mitgemacht. Die jetzigen NEWS zeigen deutlich, dass es sich bei PRVH nicht um eine Luftnummer handelt. Ich denke hier ist noch ne Menge Potenzial drin. Einen Totalverlust im Sinne von 0 halte ich jedoch für Schwachsinn. Bis jetzt habe ich noch nie einen Wert erlebt, der einen Totalverlust erlitten hat. Selbst insolvente Werte oder Werte, die durch irgendwelche Manipulationen in den Kurssturz verfallen steigen immer wieder mal hoch, wenn auch nur durch gezocke.

good luck with PRVH...  

 

wollte das halt als worst case angeben. gibt ja genug kritiker, die dies beschwören. ansonsten bin ich deiner meinung und wünsche uns allen viel glück!  

sollte morgen wieder locker über 0,20 in US gehen.

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Providential Holdings to Distribute Share Dividends From Subsidiary
FOUNTAIN VALLEY, CA -- (MARKET WIRE) -- 06/17/04 --


Providential Holdings, Inc. (PRVH - news) ; Berlin Stock Exchange: PR7, WKN 935160; (www.phiglobal.com) today announced that it is now ready to distribute 20,000,000 shares of ATC Technology Corp's common stock as a special dividend to all the PRVH shareholders of record as of December 31, 2003, on a pro-rata basis.

It is estimated that PRVH shareholders of record as of December 31, 2003 will receive one ATC share as dividend for every five PRVH shares held. All eligible shareholders will receive confirmation of the exact amount of dividend shares in the next few weeks.

Currently the core business of ATC Technology Corp is mobile video electronics. Its main customers are the retailers in the US. The management is currently in negotiations with a couple acquisition candidates to augment or complement ATC's core business before the spin-off to create additional value for the shareholders. The final decision will be made public in a matter of days.

Following the dividend payout, ATC will file a registration statement with the Securities and Exchange Commission to become a fully reporting public company. The dividend shares will be free trading when the SEC completes its review process and declares the registration effective. As a result of the payout, PRVH as the Company will own 80,000,000 shares and PRVH shareholders will own 20,000,000 shares of the ATC's outstanding common stock at the time of the dividend distribution.

The Company plans to distribute additional share dividends from its other subsidiaries and will announce the record dates for those distributions in the near future.

About Providential:

Providential Holdings, Inc., a diversified service and manufacturing company, focuses on selective technologies, financial services, international markets and special situations. Products and services include mobile entertainment systems, information technology, identification technology, infrastructure development, and telecommunications. The Company also engages in trade commerce and mergers and acquisitions, especially in the U.S. and emerging overseas markets with high potential for growth. URL: http://www.phiglobal.com.

Safe Harbor: Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results in the future to differ materially from forecasted results. These risks and uncertainties include, among other things, the company's ability to attract qualified management, raise sufficient capital, and effectively compete against similar companies.

Contact:

Providential Holdings
Henry Fahman
714/849-1577
henry@phiglobal.com





 

so langsam nimmt die story von prvh richtig schöne formen an.  

dadurch nicht!  

Hab den Absatz "The Company plans to distribute additional share dividends from its other subsidiaries and will announce the record dates for those distributions in the near future." nicht gelesen.

Bin jetzt auch rein!

PRVH hat dadurch auch weiterhin viel Kursfantasie!

 

in den nächsten wochen werden noch weitere news kommen.  

Was denkst du, wie fasst der Markt die Meldung auf?  

bin ja mal gespannt, ob und wann da was in meinem depot auftaucht.

   Yours sincerly, TheArtistFormerlyKnownAsRalph

 

SK auf Tageshoch, darauf kann man aufbauen.


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Zwar nicht der übermäßige Handel aber der befürchtete "Gewinnmitnahmemarkt" blieb aus.
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