The Company also announced its intent to accept a "going private" proposal by Mr. Hong Yu, and cease its public company status. "In view of market bias towards Chinese companies listed in U.S. stock exchange and our past stock performance, I hereby make an offer to purchase TBET stocks not owned by me for $3.00 per share in cash,"said Mr. Hong Yu, "delisting details will be announced shortly".
Press Release Yahoo Finance
At $1.81 there is still much to gain. So a real arbitrage opportunity!
Tuesday, February 28, 2012
Monday, February 13, 2012
Thursday, February 9, 2012
Longwei Petroleum Announces Financial Results for Second Quarter Fiscal 2012
AIYUAN CITY, China, Feb. 9, 2012 /PRNewswire-Asia-FirstCall/ -- Longwei Petroleum Investment Holding Ltd. (NYSE Amex: LPH) ("Longwei" or the "Company"), an energy company engaged in the storage and distribution of finished petroleum products in the People's Republic of China ("PRC"), today announced its financial results for the three and six months ended December 31, 2011.
Second Quarter Fiscal Year 2012 Financial Highlights: (Year-over-Year, 3-Month Results)
- Revenues increased 5.2% to $126.4 million, compared with $120.2 million.
- Income Before Taxes increased 34.5% to $20.6 million, compared with $15.3 million.
- GAAP Net Income Attributable to Common Shareholders increased 58.7% to $15.2 million, compared with $9.5 million.
- Basic and Diluted Earnings per Share ("EPS") increased to $0.15 per share for the three months ended December 31, 2011, compared to $0.10 per Basic EPS and $0.09 per Diluted EPS for the three months ended December 31, 2010.
- The Company's Taiyuan and Gujiao fuel storage facilities contributed revenues of $64.8 million and $56.3 million, respectively. Agency fees contributed $5.3 million to revenues.
- Stockholders' Equity increased $37.5 million to $299.2 million, compared with $261.7 million.
Six Months Fiscal Year 2012 Financial Highlights: (Year-over-Year, 6-Month Results)
- Revenues increased 4.9% to $245.0 million, compared with $233.5 million.
- Income Before Taxes increased 72.0% to $43.8 million, compared with $25.4 million.
- GAAP Net Income Attributable to Common Shareholders increased to $33.0 million, compared with $14.3 million.
- Basic EPS increased to $0.33 per share and Diluted EPS to $0.32 per share, compared to $0.15 per Basic EPS and $0.14 per Diluted EPS for the six months ended December 31, 2010.
- The Company's Taiyuan and Gujiao fuel storage facilities contributed revenues of $123.1 million and $111.1 million, respectively. Agency fees contributed $10.8 million to revenues.
Full Press Release
Wednesday, February 8, 2012
Wednesday, February 1, 2012
China Botanic Pharmaceutical Ready To Take Off?
China Botanic Pharmaceutical (CBP) is heavy undervalued with a P/E (Price/Earnings ratio) below 2. Despite that investors still seem to be afraid for the unknown. The fraud risk in this company is low in my opinion.
With the appointment of Mr. Zack Zibing Pan to its Board of Directors on October 15, 2011 they got a heavyweight in their ranks. Mr. Pan is now independent director and chairman of the Audit Committee, and a member of the Nomination and Compensation Committee.
Mr. Pan is a Certified Public Accountant, certified by the Oklahoma State Board of Accountancy. He is also a member of the American Institute of Certified Public Accountants (AICPA) and the Oklahoma Society of Certified Public Accountants (OSCPA). Mr. Pan graduated with a Master of Business Administration from the University of Central Oklahoma in 1999. He obtained his Bachelor of Arts from Anhui University, China in 1988.
"We are delighted and honored to welcome Mr. Pan to our board," said Mr. Shaoming Li, Chairman and Chief Executive Officer of China Botanic. "We are looking forward to working with Mr. Pan and believe that he will help enhance China Botanics' corporate governance and bring his industry and finance expertise to the Board. We believe that the appointment of high-caliber directors to our Board underscores our commitment to corporate governance and integrity."
The fact that it still has some institutional holders gives me faith that Good Times Could Occur In The Nearby Future.
6 Institutional Holders
Read more: http://www.nasdaq.com/symbol/cbp/institutional-holdings#ixzz1lAoy4na0
With the appointment of Mr. Zack Zibing Pan to its Board of Directors on October 15, 2011 they got a heavyweight in their ranks. Mr. Pan is now independent director and chairman of the Audit Committee, and a member of the Nomination and Compensation Committee.
Mr. Pan is a Certified Public Accountant, certified by the Oklahoma State Board of Accountancy. He is also a member of the American Institute of Certified Public Accountants (AICPA) and the Oklahoma Society of Certified Public Accountants (OSCPA). Mr. Pan graduated with a Master of Business Administration from the University of Central Oklahoma in 1999. He obtained his Bachelor of Arts from Anhui University, China in 1988.
"We are delighted and honored to welcome Mr. Pan to our board," said Mr. Shaoming Li, Chairman and Chief Executive Officer of China Botanic. "We are looking forward to working with Mr. Pan and believe that he will help enhance China Botanics' corporate governance and bring his industry and finance expertise to the Board. We believe that the appointment of high-caliber directors to our Board underscores our commitment to corporate governance and integrity."
The fact that it still has some institutional holders gives me faith that Good Times Could Occur In The Nearby Future.
6 Institutional Holders
279,426 Total Shares Held
Click on the column header links to resort ascending (^) or descending (v).
Owner Name | Date | Shared Held | Change (Shares) | Change(%) | Value(in 1,000s) |
---|---|---|---|---|---|
GUERRILLA CAPITAL MANAGEMENT, L.L.C. | 09/30/2011 | 198,450 | 0 | 0.00 | 189 |
SPARK LP /DE | 09/30/2011 | 64,050 | 43,350 | 209.42 | 61 |
MAINSTREAM INVESTMENT ADVISERS LLC | 12/31/2011 | 16,926 | 3,000 | 21.54 | 16 |
Read more: http://www.nasdaq.com/symbol/cbp/institutional-holdings#ixzz1lAoy4na0
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