24 Karat - Kingold Jewelry - 500 Beiträge pro Seite

[MrRipley]

The Only Gold Stock I'm Buying


by: James Altucher July 27, 2010 | about: ABX / BIDU / CTRP / GLD / KGJI.OB / NEM / NG / SOHU / TIF


I admit it: I hate gold / GLD as an investment. But there is a gold stock I've been buying and I'm excited about it because it plays on several tidal-wave-sized demographic trends. First off, gold is primarily a "fear metal". And it went up to recent highs simply because of the fears that the sovereign debt "contagion" was going to spread to the US. But a trillion dollar bailout and a bunch of wimpy EU stress tests have basically resolved that fear. Nor do I think gold is a hedge against inflation. The correlation between gold and CPI in the past 50 years has been a measly 0.14. Meaning, there's no correlation at all. So why like a gold stock? First off, its not a mining stock like Newmont Mining (NEM), NovaGold Resources (NG), or Barrick Gold (ABX), all three of which do well when gold goes up but not as well when it goes down. I want a stock that will do well in either environment.
One of the biggest demographic trends that will be occurring over the next ten years is the rising middle class in China. The China middle class is growing by approximately 50mm people a year and represents 25% of the population now, up from less than 5% of the population a decade ago. That means, for instance, that China has gone from being the 20th country ranked by oil consumption to the 2nd country and is now number one in terms of total energy consumption. It also means the demand for luxuries by this nouveau middle class is now insatiable, growing, and cannot easily be satisfied due to lack of supply. Catering to this middle class are companies like Baidu (BIDU), Sohu.com (SOHU), Ctrip.com International (CTRP), but these companies have had their run.
Kingold (KGJI.OB), the leading designer and manufacturer of 24 karat gold jewelry in China has all the characteristics I look for in a potential ten-bagger:

* Strong growth: 2008 revenue was $110mm, 2009 revenue: $250mm, and 2010 revenue will probably come in greater than $500mm.
* Strong earnings growth: 2008 earnings were approximatey $6mm. 2009 earnings were approximately $9mm. Q1 2010 was $4mm and I expect 2010 earnings to be between $20-25mm.
* Low multiple - the company trades for approximately 9 times my projected 2010 earnings. As opposed to a company like Tiffany (TIF) at 17x with much slower growth.
* Large market: the total jewelry market in China is approximately $20bb in 2010, up from $16bb in 2009 and $10bb in 2003. Between 1993 and 2008 the jewelry market has grown by 400%.
* Large market, part 2: jewelry is the third largest consumption item in China after autos and housing.
* Kingold manages the risk in fluctuations in the price of gold by using just-in-time inventory controls, minimizing the time between a purchase order, the purchase of gold, and delivery of the final product to under five days according to their filings. I'm not a believer in market timing gold. In fact, I'd rather own a growing company with growing earnings and revenues than a piece of rock. But I am a believer in the luxury industry, which is already fully matured (perhaps too matured) in the US but only at the beginning stages in China. Kingold also keeps down their costs by directly buying the gold from the Shanghai Gold Exchange, where they are a member.
* They are not local but distribute to 15 different provinces within China according to their recent SEC filings.

Despite this, they have about 4.3% market share. With continued growth and consolidation in the industry they can grow their market share inside a growing market.

The best hedge against inflation is not a rock like gold, but a company that benefits from the growing globalization that reflation triggers as well as the enormously increasing Chinese middle class.


http://seekingalpha.com/article/216631-the-only-gold-stock-i…

[MrRipley]

Von der gleichen Seite wie oben.

Kingold Jewelry (KGJI): This is an interesting stock. It’s a Chinese jeweler that has been caught up in the negative reverse merger news. However, I’ve only seen one piece of evidence that groups Kingold Jewelry with potential trouble. There is a good chance that the stock has sold off for reasons not specific to the company. I’ve just come across the name, though, so I welcome any information from investors who have followed the stock more closely. The stock went public in the U.S. in August last year and has dropped from $8 to below $2. If it is legit, it’s trading at only three times earnings and nearly 20% below its stated cash and inventory with no debt.

CEO Hong Jia Zhi is attempting to soothe investor concerns by making a large purchase of company stock. From June 8 through July 6, he bought 200,000 shares between $1.43 and $1.78. The company also issued an open letter to shareholders in early May. The stock is off 20% since then. It’s inevitable that some legitimate Chinese RTO companies are not risky. If you haven’t been completely scared away from the space, you might be interested in doing some extensive research on this one. Please contact me with what you find.

Disclosure: I have no po

[alex34_2002]

Hier einmal ein paar Auszüge aus dem aktuellen Geschäftsbericht von Gestern z.K. Was meint Ihr, das sieht doch gut aus!!!!

Stadt Wuhan, China, 27. März 2013 - Kingold Jewelry, Inc. ("Kingold" oder "das Unternehmen") (NASDAQ: KGJI), einer der führenden Hersteller Chinas und Designer von hochwertigen 24-karätigem Gold Schmuck, Schmuck und Investitionen -orientierte Produkte, gab heute die Finanzergebnisse für das vierte Quartal und das Jahr zum 31. Dezember 2012.

2012 Finanz-und Betriebsdaten Highlights (Vergleiche sind bis 2011):
• Umsatz erhöhen 16,1% auf $ 915.700.000
• Verarbeitete insgesamt 37,8 Tonnen 24-karätigem Gold-Produkte, ein Anstieg von 26,0% gegenüber den 30,0 Tonnen [eine metrische Tonne = 35.274 Unzen]
• Zurechenbaren Reingewinn an die Aktionäre erhöht 24,7% auf US $ 32,7 Millionen oder $ 0,60 pro verwässerte Aktie
• Der Buchwert je Aktie von 2,97 $ am 31. Dezember 2012, verglichen mit $ 2,51

Ausblick für 2013
• Als Ergebnis der jüngsten Anstieg der Goldproduktion Inventar und eine anhaltend starke Nachfrage für den Unternehmenserfolg Schmuck und Gold für Investitionen Produkte erwartet Kingold zwischen 50 verarbeiten - 60 Tonnen 24-karätigem Gold-Produkte in 2013
Mr. Zhihong Jia, Chairman und CEO von Kingold, erklärte: "Die letzten Monate waren eine starke Periode in der Geschichte unseres Unternehmens, da wir 2012 abgeschlossen durch die Berichterstattung solide finanzielle Ergebnisse und verstärkt unsere finanzielle Position erheblich durch die Schließung unserer jüngsten Finanzierung und Sicherung neuer Quellen von Gold. Kingold schlug seine zuvor angekündigte Volumen Führung um über 7% und erreichte im Vergleich zum Jahr Wachstum im Volumen, Umsatz, Bruttomarge und Nettoergebnis. Wir glauben, dass Gold-Design und Verarbeitung Unternehmen wie Kingold mit unserem ausgebauten Vertriebsnetz, sind attraktive Designs und zuverlässige Produktqualität, gut positioniert, um unsere Marke auszubauen und zu erfassen einen zunehmenden Anteil des wachsenden Gold Chinas Schmuck-und Investmentmarkt. "
Bilanz und Cash Flow
(In Millionen, außer bei Prozentsätzen) 2012.12.31 2011.12.31 Veränderung in%
Bargeld $ 2,5 8,8 (71,6%)
Vorräte (gold) 150,0 108,1 38,8%
Working Capital 149,2 113,4 31,6%
Eigenkapital 161,5 127,0 27,2%


Na dann mal Eure Meinungen

[alex34_2002]

Hier mal noch die Gewinnreihe der letzten Jahre.
Es ist einfach unglaublich wie billig hier Chinawerte gehandelt werden. Vermutlich machen die dieses Jahr über 1 Mrd. Umsatz und sind nur mit 65 Mio bewertet. Schade das ich kein freies Kapial mehr habe.

2009 2010 2011 2012
TOTAL REVENUES 250.5 523.0 789.0 915.7
Cost of Goods Sold 233.6 490.6 745.5 863.6
GROSS PROFIT 16.8 32.4 43.5 52.2
Selling General & Admin Expenses, Total 2.4 4.6 4.7 5.7
Depreciation & Amortization, Total 1.2 1.3 1.4 1.4
OTHER OPERATING EXPENSES, TOTAL 3.6 5.9 6.1 7.1
OPERATING INCOME 13.2 26.5 37.4 45.0
Interest Expense -0.7 -0.5 -0.4 -0.4
Interest and Investment Income 0.0 0.0 0.0 --
Other Non-Operating Expenses, Total -0.2 0.1 0.0 0.0
Other Non-Operating Income (Expenses) -0.2 0.1 0.0 0.0
EBT, INCLUDING UNUSUAL ITEMS 12.3 26.1 37.0 44.6
Income Tax Expense 3.2 7.1 9.8 11.9
Minority Interest in Earnings -0.5 -0.9 -1.0 --
Earnings from Continuing Operations 9.1 19.0 27.2 32.7
NET INCOME 8.7 18.2 26.2 32.7
NET INCOME TO COMMON INCLUDING EXTRA ITEMS 8.7 18.2 26.2 32.7

[alex34_2002]

Heute gab es für meine 9400 Aktien 750 Dollar Dividente, das is schon mal ganz nett .

Wenn ich überlege 0,08 cent div. bei 0,25 cent nettogewinn allein im 2. quartal. nicht schlecht.