Subscribe to: Posts (Atom)
Wednesday, May 19, 2010
Last update: 5/19/2010 8:45:00 AM
FUJIAN, China, May 19, 2010 (BUSINESS WIRE) -- China MediaExpress Holdings, Inc. (CCME) ("CME" or "Company"), China's largest television advertising operator on inter-city and airport express buses, today announced that its common stock has been approved for listing on the NASDAQ Global Select Market.
Effective as of the close of trading on June 2, 2010, the Company's common stock will cease trading on NYSE AMEX. Upon the opening of trading on June 3, 2010, the Company's shares will commence trading on NASDAQ Global Select Market, under the same ticker symbol "CCME".
Mr. Zheng Cheng, CME's Founder and CEO, noted, "We believe that NASDAQ represents the best fit for our Company and our shareholders. NASDAQ's market maker structure should lead to increased liquidity, an expansion in our shareholder base and, ultimately, to increased shareholder value. In addition it will provide our investors with the best prices and the fastest execution. As the world's largest electronic stock market, NASDAQ promotes innovation and attracts leading growth companies from a diverse group of sectors. CME is one of the very few Chinese companies to qualify for the NASDAQ Global Select Market, which has the highest initial listing standards of any exchange in the world. Out of 136 China-based companies listed on NASDAQ, only 26 companies such as Baidu, CTrip.com International, Shanda Interactive Entertainment and NetEase.com, fulfill NASDAQ Global Select Market requirements. Within only seven months since CME became a public company in October 2009, we have qualified and are making the decision to move to the NASDAQ Global Select Market. This achievement is an important milestone for our Company and we look to the future with confidence."
Tuesday, May 18, 2010
Monday, May 17, 2010
Press Release Source: China MediaExpress Holdings, Inc. On Monday May 17, 2010, 8:45 am
FUJIAN, China--(BUSINESS WIRE)--China MediaExpress Holdings, Inc. (NYSE Amex: CCME) (“CME” or “Company”), China’s largest television advertising operator on inter-city and airport express buses, today announced that it has signed a framework agreement with a media company to purchase the exclusive right to operate television screens on 816 express buses originating in the Autonomous Region of Inner Mongolia.
This agreement grants the Company the exclusive right to provide television programming and advertisements on 816 express buses managed by several bus operators, for a period of seven years commencing May 1, 2010. In accordance with the framework agreement, CME paid a one-time fee for the acquisition of the operating right to the media company.
In addition, CME signed a seven-year long-term framework contract with the bus operators of the 816 express inter-city buses to supply entertainment programming along with paid advertising. CME will pay the bus operators a fixed monthly concession fee over the term of the contract, with an annual increment of 10%-30%.
Inner Mongolia is China’s third largest region and one of its fastest growing economies, with 18% annual GDP growth since 2005. Inner Mongolia’s economic growth has led to a boom in construction, including new commercial development and large apartment complexes in the region. Over the last decade, Inner Mongolia’s industry has grown mainly around coal, power generation, and forestry-related industries. The local government is now focusing its efforts on developing six competitive industries, namely energy, chemicals, metallurgy, equipment manufacturing, processing of farm produce as well as hi-tech products.
Mr. Zheng Cheng, CME’s Founder and CEO, noted, “With this framework agreement we have increased our presence in Inner Mongolia and have enlarged our network to approximately 22,300 express buses. As previously mentioned, we are focusing our work to meet the demands of our advertising clients who are accelerating their efforts to grow their sales beyond the first- and second-tier cities into less developed markets, including the fast developing region of Inner Mongolia. The addition of Inner Mongolia into our network has enhanced our geographic coverage. This signing of this agreement is a result of the great efforts we have put in the past six months.”
Warning - Stocks that have such a low float (500k) and number of shares outstanding (1.5m) can trade thin and be very volatile. They can drop several dollars on low volume. I never take large positions in such stocks and I always understand that they can be illiquid and have risks. I never chase these type of stocks.
Press Release Source: The Hallwood Group Incorporated On Friday May 14, 2010, 5:42 pm EDT
DALLAS, May 14 /PRNewswire-FirstCall/ -- The Hallwood Group Incorporated (NYSE Amex: HWG) today reported results for the first quarter ended March 31, 2010.
For the quarter, net income was $5.3 million, or $3.44 per share, compared to net income of $3.0 million, or $1.94 per share, in 2009, on revenue of $47.2 million and $39.7 million, respectively.
Friday, May 14, 2010
Gross margin for first quarter was 60%;
Income from operations increased by 130% to $24.2 million as compared to $10.5 million;
Net income increased by 143% to $18.1 million as compared to $7.5 million; and,
As of March 31, 2010, the Company had more than $114.4 million in cash.
Monday, May 10, 2010
We anticipate a significant change in our results of operations from the corresponding period in the last fiscal year due to our former status as a shell company. Based on currently available information, we anticipate reporting net income of approximately $18 million for the quarter ended March 31, 2010, before making any adjustments for the accounting of the preferred shares that we previously issued for the quarter ended March 31, 2010.
CCME blowout quarter coming "We anticipate a significant change in our results of operations from the corresponding period in the last fiscal year due to our former status as a shell company. Based on currently available information, we anticipate reporting net income of approximately $18 million for the quarter ended March 31, 2010, before making any adjustments for the accounting of the preferred shares that we previously issued for the quarter ended March 31, 2010."
Most undervalued growth stock out there
super-trades.com is simply a blog that has information on stocks that the author Superman, likes or may trade. The author may, and usually does have positions in some of the stocks discussed on the site or in email alerts and is under no obligation to disclose the size of the position or the time that it was acquired. The author also reserves the right to buy or sell at ANY time before during or after it is mentioned on this site or an email alert, with no notice or warnings. The posts are not at all intended to be recommendations for anyone else to buy, sell, or hold. Investors should not rely on the information given by this site to make investment decisions.
No contributor of the his site is a registered investment advisor or a broker / dealer. We DO NOT recommend whether to buy, sell, or hold securities . Although we believe the information on this site to be accurate, we DO NOT GUARANTEE the accurateness and completeness of statements made regarding stocks discussed on the site or in email alerts.
The performance section provides information to the public on selected stocks profiled by this site. Past performance should not be used as an indicator of future performances. We try the make the past performance section as accurate as possible but DO NOT GUARANTEE that the information is accurate.
This web site and all email alerts sent by this site contain "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be "forward looking statements." Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through the use of words such as "expects", "will," "anticipates," "estimates," believes," or statements indicating certain actions "may," "could," or "might" occur.
If any part of this disclaimer is not clear, please take the time to consult an attorney or investment specialist. Please take caution in all investment endeavors and good luck to all.
Again, My messages are not investment advice, investment solicitation or the like. Do not take action based on my messages. I do not guarantee or make claims to the accuracy of anything I post. I may buy or sell any securities I mention at anytime, even prior to posting. It is my opinion, that individuals should perform their own due diligence before investing in any stock at anytime and not base decisions on messages posted by other individuals. Individuals should assume 100% responsibility for their own investing. My messages are for my own entertainment only. LOW FLOAT stocks in particular can be volatile and are not for new traders in my opinion. I am not a registered investment advisor in any shape or form, please do not ask me for ANY investment advice.
Welcome to super-trades.com, blog home of Superman. Purpose of this blog is for me to discuss my trades and stock ideas (As well as opinions and rants on stock market related issues). I will mention the date and price I enter. As far as exits, I always try to take half off when I have some profit and if I believe in the stock, let the rest run further. I always also use mental stop limits, at which time I would exit and minimize any losses. I do not like to give price targets unless I can support them by P/E in some way or by comparison to another stock. I just post stock trades and ideas that I believe will go higher (or lower for shorts) and the reason I believe that. Individuals should have their own strategies for managing profits and losses. My stock picks tend to NOT be daytrades at all and many take time to move. I am not an investment advisor and this blog should not be considered or followed as investment advice.