Sunday, August 26, 2012

China's Leveraged Buyout Spree Not Ending

Article Seeking Alpha

Wednesday, August 15, 2012

Trunkbow Int. (TBOW) enough phantasy left!

Q2 results

Q2 results not as bad as it seems. A steal below $1, especially for the future..............

This company needs special attention and maybe some coverage at SA.


American Lorain (ALN) Q2 results


Q2 results

2012 Second Quarter Financial Review
American Lorain Corporation
Selected Financial Statements in USD ($ in 000s)

3 months ended

3 months ended
% Increase /
Decrease

6/30/2012

6/30/2011







Sales


$40,816,760

$35,726,650
14.2%

Cost of Revenues

($32,316,135)

($28,070,066)
15.1%

Gross Profit

$8,500,625

$7,656,584
11.0%


Gross Profit Ratio

20.8%

21.4%


Income from operations

$5,625,735

$4,974,450
13.1%










Earnings before tax

$4,969,280

$4,747,488
4.7%










Net income attributable to common stockholders
$3,330,079

$3,262,451
2.1%










Diluted earnings per share

$0.10

$0.09
11.1%

Weighted average diluted shares outstanding
34,507,874

35,030,343
-1.5%

Sino Gas International Holdings Q2 Results

Q2 numbers
Sino Gas International Holdings, Inc.
Consolidated Statements of Income
For the three months and six months ended June 30, 2012 and 2011
(Stated in US Dollars)
Three Months Ended Six Months Ended
Note 6/30/2012 6/30/2011 6/30/2012 6/30/2011
Sales revenue 2(p) $ 10,819,666 $ 7,875,152 $ 21,573,269 $ 15,861,422
Cost of revenue 6,472,799 5,472,200 14,539,830 11,038,044
Gross Profit 4,346,867 2,402,952 7,033,439 4,823,378
Operating Expense
Selling expense 749,948 501,291 1,515,635 1,078,152
General and administrative expense 1,126,767 950,168 2,084,131 2,186,056
Total operating expense 1,876,715 1,451,459 3,599,766 3,264,208
Operating Income 2,470,152 951,493 3,433,673 1,559,170
Other Income/(Expense)
Gain on disposal of property and equipment - 1,115,903 - 1,115,903
Other income 12,362 10 34,699 345
Other expense (8,352 ) (43,257 ) (127,094 ) (47,220 )
Interest income 54,647 3,463 155,965 5,528
Interest expense (853,461 ) (501,687 ) (1,625,765 ) (963,409 )
Total other income/(expense) (794,805 ) 574,432 (1,562,195 ) 111,147
Income before tax 1,675,348 1,525,925 1,871,478 1,670,317
Income tax 2(r),12 (91,182 ) (316,646 ) (329,439 ) (354,483 )
Gain/(Loss) from discontinued operations, net of tax - 105,093 - 105,093
Net income 1,584,166 $ 1,314,372 $ 1,542,039 $ 1,420,927
Net income (loss) attributable to:
Common stockholders $ 1,584,292 $ 1,336,138 $ 1,542,968 $ 1,456,659
Non-controlling interest $ (126 ) $ (21,766 ) $ (929 ) $ (35,732 )
Earnings per share 2(z),13
Basic $ 0.05 $ 0.05 $ 0.05 $ 0.05
Diluted $ 0.05 $ 0.04 $ 0.05 $ 0.05
Weighted Average Shares Outstanding
Basic 31,793,698 27,157,513 31,793,698 27,157,065
Diluted 31,793,698 36,501,007 31,793,698 27,157,065
Book Value $ 2.58
Cash P/S $0.20

Stock Price $0.43

Low liquidity stock but could spike in the nearby future. On April 28, 2012, Mr. Liu submitted a non-binding proposal letter to the Board of Directors (the “Board”) of the Company (the “Proposal Letter”) for the acquisition of all of the Publicly Held Shares (the “Proposed Transaction”). In the Proposal Letter, Mr. Liu, among other things: (i) proposed to acquire the Publicly Held Shares for $0.48 per share; (ii) reported to the Board on the status of his discussions with potential sources of debt financing; (iii) expressed his intention to finance the Proposed Transaction with a combination of debt and equity, with himself providing the necessary equity from his own holdings of Common Stock; (iv) indicated that he currently has no arrangements with potential sources of debt or equity financing, and that he does not propose to enter into any exclusivity agreement prior to reaching transaction terms approved by the Board; and (v) upon the Board’s approval, he is prepared to proceed with arranging financing and to finalize the terms of the Proposed Transaction in definitive transaction documents.

OFFER HAS TO BE AT LEAST $1.20.................OTHERWISE IT WOULD NOT BE A FAIR OFFER!