Longwei Petro - KGV 3,65 und steht vor Wachstumsschub - 500 Beiträge pro Seite

[stupidgame]

LONGWEI PETRO - Aktie WKN: A0RM90 | ISIN: US5433541043 | OTCBB: LPIH

Vorweg, ich stelle die Aktie bewusst JETZT vor, da nach einem kräftigen Kursrückgang am Freitag in USA aktuell nochmal deutlich günstigere Einstiegskurse zu bekommen sind. Der Kursrutsch hat IMO keine fundamentalen Ursachen. Zeitgleich fand eine Analystenkonferenz statt, und wie meist in solchen Fällen, bei OTC-Stocks dürfte ein Altaktionär evtl. etwas Kasse gemacht haben. Ihr solltet die kommenden Tage aber unbedingt das Handelsvolumen im Auge behalten. Vorsichtig rein, erst, wenn der Druck nachlässt!
Das obige KGV errechne ich aus dem erwarteten Jahresgewinn/Aktie von 0,34$ und dem Freitags-Kurs von 1,24$. Erwarteter Umsatz: 197mUSD - Gewinn: 28mUSD
Soweit zum Vorwort.

Portrait und Daten:
Mineralölhändler in der chinesischen Provinz Shanxi.
Ausstehende Aktien (voll verwässert), nach meinen eigenen Info`s aktuell 87m
Marktkapitalisierung bei Kurs 1,24$: 108 mUSD
Cash: 9,6 mUSD
Assets: 116 mUSD
Verbindlichkeiten: 6,2 mUSD
Buchwert: 109,9 mUSD (pro f.d. Aktie): 1,26$
letzter Quartalsumsatz: 46,6 mUSD
letzter Quartalsgewinn: 6,66 mUSD (pro f.d. Aktie 0,076$)
9-Monats Cashflow Rechnung:
operativ: +26,75 mUSD
Investments: -25,8 mUSD
Finanzierungen: -
Die Firma hat Convertible Notes in Höhe von 2,15 mUSD ausstehend. Angesichts des Cashflow ist die Tilgung kein Problem. Alle Verwässerungen daraus sind in der Aktienanzahl von mir mit eingerechnet!

Was macht das Unternehmen speziell jetzt so sexy? Sie haben ein sehr einfaches, und einfach verständliches Geschäftsmodell.
Sie besitzen, als eines von wenigen privaten eine "Finish Oil Wholesale license". Die erlaubt ihnen Mineralölprodukte von den Raffinerien zu einem Discount zu kaufen. Die Verkaufspreise in China werden immer noch staatlich festgelegt. Das ist auch prinzipiell Longwei`s "einziges" Risiko. Die Gewinnmarge erzielen sie durch kluges Timing bei der Einkaufspolitik. Die Nettomarge (nach Steuern) liegt aktuell bei 14,2%. War früher teilweise bei 20%. Das muss man berücksichtigen, das die Marge weiter fallen KANN!
Die Provinz Shanxi ist u.a. ein großer Standort von Bergbauindustrie. Das Wachstum dort ist höher als der chinesische Durchschnitt. Longwei verkauft an die Industrie und an Tankstellen. Der Ölbedarf der Provinz wächst seit Jahren zweistellig. In Shanxi gibt es keine Ölquellen und keine Raffinerie. Sie ist gezwungen, die Ölprodukte aus Nachbarprovinzen zu importieren. Einer der Importeure ist Longwei.
Longwei bestitzt ein Tanklager in Taiyuan mit der Kapazität von 50.000t. Mit dieser Kapazität erzielen sie ihren derzeitigen Umsatz.
Jetzt kommt`s, sie bauen ein zweites Tanklager in Gujiao mit der Kapazität von 70.000t. Bedeutet also einen Kapazitätszuwachs von 140%!! Und die Finanzierung dürfte im großen und ganzen schon durch sein. (Capex~30mUSD) Die Tanks sollen stehen, was derzeit noch gebaut wird, ist der Gleisanschluss. Sie haben übrigens auch in Taiyuan ihren EIGENEN Gleisanschluss.
Kleines Gadget: Man kann das Tanklager in Taiyuan über "Google Maps" via Satellit sehen. Die Koordinaten sind: 37.901057 112.549674

Das Unternehmen prognostiziert selber aus dem Kapazitätszuwachs von 140% eine Umsatzverdopplung. Halten sie ihre derzeitige Marge, dann wäre die Rechnung:
Neuer Umsatz: 373 mUSD
Neuer Gewinn: 53,2 mUSD (pro Aktie 0,611$ / KGV 2,03)
Schaffen sie sogar 140% Steigerung, ergäbe sich bei konstanter Marge:
Umsatz: 447 mUSD
Gewinn: 63,8 mUSD (pro Aktie 0,734$ / KGV 1,69)

Das Management hält noch den überwiegenden Anteil der Aktien in ihren Händen. Der Float ist relativ beschränkt. Die Aktie ist aber an der OTCBB meist relativ fair gepreist und liquide handelbar. In Berlin gab es erste Trades, aber bislang dort kein BID/ASK.
Ziel der Firmenleitung ist unbedingt auch das Listing an AMEX oder NASDAQ. Als einen der notwendigen Schritte haben sie letztens einen englischsprachigen CFO rekrutiert.
Mögliches Kursziel, wenn alles "normal" läuft, sehe ich bei ~4,00$ auf Sicht von 9-18 Monaten.
Geschäftsjahresende ist der 30.6. Die Deadline für die Veröffentlichung des 10-K Jahresberichts ist am 30.9. Verspätungen sind an der OTCBB immer mal möglich. Eine Firma darf es aber nicht übertreiben. Ansonsten werden sie, nach Verwarnung an die Pink-Sheets verbannt. Und das wäre definitiv eine schlimme Sache.

Homepage:http://www.longweipetro.com/

Profil auf Redchip.com inklusive Video der Unternehmensvorstellung auf einer Investorenkonferenz (Flash-Player):http://www.redchip.com/visibility/investor.asp?symbol=lpih&f…

Profile Yahoo Finance:http://finance.yahoo.com/q?s=LPIH.OB

SEC-Filings:http://yahoo.brand.edgar-online.com/default.aspx?cik=1111817

[stupidgame]

Hiuer übrigens mal die Liste der Unternehmen, die sich auf der Rodman & Renshaw Annual Global Investment Conference präsentieren konnten. (9.-11.9.)
Hier der Energiesektor, unter dem auch Longwei präsentiert wurde.
http://www.rodmanandrenshaw.com/conferences?id=33&link=prese…

Redner war übrigens auf der Konferenz u.a. auch Alan Greenspan.
http://www.rodmanandrenshaw.com/conferences?id=33

s.

[finanzmarc]

Antwort auf Beitrag Nr.: 37.972.472 von stupidgame am 14.09.09 10:44:24

Hat schön auf der 50-Tages-Linie aufgesetzt, und der Chaikin Money Flow ist mit -0.3 ziemlich niedrig

[toska110]

Antwort auf Beitrag Nr.: 37.972.847 von stupidgame am 14.09.09 11:30:16

Ganz so unproblematisch ist die Kursbewegung am Freitag möglicherweise nicht, es ist zur Zeit alles ein wenig nebulös, aber es hat sich unter anderem folgende Nachricht in die Konferenz am 11. Sept. 2009 "eingeschlichen":

Die Vorhersage für 2010 wurde ohne große Erklärung geändert. EPS von 0,31 in 2009 auf 0,17 in 2010. Folgendes wurde mitgeteilt: "assumes non-cash expenses of 14 million in FY 2010, as a result of the September 2009 debt financing."
Scheinbar wird Geld gebraucht, noch alles ein wenig rätselhaft...

quelle: http://wsw.com/webcast/rrshq15/lpih.ob/

GT

[finanzmarc]

Der DMI generiert jedoch noch kein Kaufsignal.
Ist mein Lieblings-Indikator.
Ein Kaufsignal würde vorliegen, wenn die hellblaue Linie (ganz unten) die rote Linie von unten nach oben durchkreuzt. Am idealsten wäre es hierzu noch wenn die gelbe Linie (gibt die Trendstärke an) mit ansteigt.

Beispiele gegen Ende April, schönes Kaufsignal oberhalb von 0,25 USD, und Mitte Juli unter 1 USD.
Der DMI liefert so gut wie keine Fehlsignale

[stupidgame]

Antwort auf Beitrag Nr.: 37.972.999 von finanzmarc am 14.09.09 11:49:10

Ja, kurzfristig extrem überverkauft. Halte ich auch für technisch keinen schlechten Einstiegspunkt. Allerdings muss das Sell-Volume unbedingt austrocknen. Es gab Freitag in den letzten 2 Stunden richtig Schmackes nach unten. Sollte man unbedingt beobachten, ob der Verkäufer raus ist, oder ob noch "Suppe da ist". Nach meiner Erfahrung an der OTC ist es Selbstmord, gegen einen großen Verkäufer angehen zu wollen.

Gruß
s.

[stupidgame]

Antwort auf Beitrag Nr.: 37.973.050 von toska110 am 14.09.09 11:55:40

Die Vorhersage für 2010 wurde ohne große Erklärung geändert. EPS von 0,31 in 2009 auf 0,17 in 2010. Folgendes wurde mitgeteilt: "assumes non-cash expenses of 14 million in FY 2010, as a result of the September 2009 debt financing."
Scheinbar wird Geld gebraucht, noch alles ein wenig rätselhaft...

Nicht ganz nachvollziehbar. Gut, "non-cash expenses" heisst erstmal "Nicht Cashwirksame Kosten" Ergibt also keine Belastung des Bargeld-Kontos.
Wenn das 2. Lager in Gujiao läuft, dann ist diese Rechnung trotzdem nicht nachzuvollziehen. Wenn man, ganz konservativ, von "nur" einer Umsatz- und Gewinnverdopplung ausgeht, dann wäre der EPS (fd) 0,61. 14mUSD Abschreibung entspräche etwa 16ct. Also nach Abschreibung wäre der EPS 0,45.
Die Rechnung mit den 0,17 wäre ja nur begründbar, wenn Gujiao das ganze Jahr 2010 quasi noch garnicht in Betrieb ist. Taiyuan alleine bringt ja schon ein EPS von - nach meiner Rechnung - 0,34 für`s laufende Geschäftsjahr.

s.

[stupidgame]

Antwort auf Beitrag Nr.: 37.973.050 von toska110 am 14.09.09 11:55:40

Wie es ausschaut, hat es wohl ein ziemliches Misverständnis gegeben, während der Präsentation. Kritisiert wird auch ein relativ unprofessionelles Auftreten seitens RedChip.
In einem US-Board gab es wohl Kontakt eines Users mit dem CFO.
Aus dem Posting:
I did receive a reply from Mr. Gentry, as follows "No deal has been announced. He should have explain this. He will clarify at RC conference. The upside is we are projecting net income of $81 million in 2011. His numbers for 2010 are conservative as well. We will clarify soon."

81m halte ich für ganz schön optimistisch, ich verstehe es aber als "bestcase".

s.

[toska110]

Antwort auf Beitrag Nr.: 37.973.413 von stupidgame am 14.09.09 12:36:26

hi stupidgame,

worin liegt nun das Missverständnis?

GT

[stupidgame]

Antwort auf Beitrag Nr.: 37.973.678 von toska110 am 14.09.09 13:10:03

worin liegt nun das Missverständnis?

Das genau habe ich auch noch nicht herausbekommen.
Muss jetzt leider offline.
Die ganze Rechnung macht nur logisch irgendwie wenig Sinn.

s.

[toska110]

das ist schon interessant, keiner kennt sich aus, und was machen verunsicherte Aktionäre? Verkaufen
Ein scheinbar solides und zukunftsträchtiges Unternehmen, die Börse ist grad besonders viel Psychologie...oder auch nicht, die Großen wissen vielleicht wieder mehr...
GT

[toska110]

Antwort auf Beitrag Nr.: 37.975.172 von toska110 am 14.09.09 16:04:39

http://app.quotemedia.com/quotetools/newsStoryPopup.go?story…

GT

[stupidgame]

Antwort auf Beitrag Nr.: 37.975.707 von toska110 am 14.09.09 16:43:35

Hallo zusammen!
Bin jetzt erst wieder da. Also das "Klärungs-Statement" des CFO ist gekommen, wie ich sehe.
Danke @toska fürs reinstellen des Link.
Wer im Eröffnungshandel kaltschnäuzig genug war, sich zu unter 1,10$ einzudecken hat einen supi Schnitt gemacht, wie ich denke. Das war meine Intention, den Titel gerade heute vorzustellen. Die Charttechnik hat hier insoweit funktioniert, dass der Kurs an der unteren Trendlinie des Aufwärtskanals gedreht hat. Umsätze waren bombig. Charttechnisch richtig über den Berg ist die Aktie IMO erst, wenn der Kurs über ~1,40$ schliesst.

Hier mal nochmal das Statement des Chief Financial Officer...

Longwei Petroleum Reports Earnings and Revenue Guidance for Fiscal 2009 Clarification on Financing for Gujiao City Facility

China, Sep. 14, 2009 (PRNewswire-Asia-FirstCall) -- Longwei Petroleum Investment Holding Ltd. (OTC Bulletin Board: LPIH), announced today that it expects to report revenue of approximately $197 million, net income of $23.9 million and earnings per share of $0.31 for the fiscal year ended June 30, 2009. The Company also expects to raise capital of approximately $15 million in order to secure inventory and complete construction of its second storage tank facility in Gujiao City. This storage facility has a 70,000 metric ton capacity. The Company has conservatively estimated the Gujiao facility will add approximately $40 million in revenue and approximately $6 million to net income for the fiscal year ending June 30, 2010. This facility is expected to begin operations in January 2010 and will service large industrial plants in Shanxi province which are in proximity to the new facility.

The Company also stated that they wish to clarify certain assumptions and statements made in a recent conference presentation by the Company's Chief Financial Officer, Jim Crane. The assumptions made during the presentation regarding a proposed capital raise were not explained accurately.

Jim Crane stated: "I wish to clarify and correct certain assumptions made regarding the capital raise and its impact on earnings for the fiscal year ending June 30, 2010. The proposed capital raise will not affect EBIDTA, which is expected to increase from $39 million in fiscal 2009 to $47 million in fiscal 2010, which equates to EBITDA per share of approximately $0.50. The raise will affect net income in fiscal 2010. A one-time charge will be reflected in the Company's financial statements over the three-year term of the financing instrument, including fiscal 2010. The one-time charge is expected to total approximately $3.3 million. The estimated net income for fiscal 2010 is expected to be approximately $34 million.

We are projecting revenue of approximately $322 million in fiscal 2011, net income of $81 million, and earnings per share of approximately $0.86 per share."

[stupidgame]

.
2-Tageschart

[RayNar]

Ich bin auch dabei, Danke an dich stupidgame für den Thread

Nochmal die Prognosen für die Zukunft:
Umsatz 197 Mio, 2010(e) 237 Mio, 2011(e) 322 Mio
Gewinn 23,9 Mio, 2010(e) 34 Mio, 2011(e) 81 Mio
EPS 0,31, 2010(e) <0,5, 2011(e) 0,86

[stupidgame]

Antwort auf Beitrag Nr.: 37.979.943 von RayNar am 15.09.09 10:11:21

Hi RayNar!

Ich wünsche uns Glück mit unseren Chinesen. Habe ja gesehen, Du warst auch schon wieder aktiv mit `ner Thread-Eröffnung. Ich habe noch einige Pfeile im Köcher, komme aber mit entsprechenden Threads nicht hinterher, da ich schon ein Minimum Research machen will, bevor ich hier was schreibe. Und sehr wenig Zeit habe.

Übrigens, zu Longwei gab es im deutschsprachigen Raum schon eine Kaufempfehlung. Am 18.8. von Emerging Markets Investor:
Long-Wei Petroleum Verfünffachungspotenzial

18.08.2009
Emerging Markets Investor

Endingen (aktiencheck.de AG) - Nach Meinung der Experten von "Emerging Markets Investor" verfügt die Aktie von Long-Wei Petroleum (ISIN US5433541043 / WKN A0RM90) über Verfünffachungspotenzial.

Die im Öl- und Gasgeschäft tätige Gesellschaft unterhalte aktuell in der Shanxi-Provinz, die keine eigenen Ölfelder oder Raffinerien habe, eine State-of-the-art Lager-Anlage, die mit 14 Tanks ein Gesamtvolumen von 50.000 Tonnen habe. Momentan werde ein weiteres Lager in Gujiao errichtet, das die Kapazitäten um 70.000 Tonnen ausbauen werde. Die Bauarbeiten sollten bis Jahresende 2009 abgeschlossen sein.
Long-Wei Petroleum habe in den vergangenen fünf Jahren den Umsatz um jährlich 46% und den Nettogewinn um jährlich 39% gesteigert. Im ersten Quartal des laufenden Kalenderjahres seien Umsatz und Nettogewinn im Vergleich zum Vorjahreszeitraum um 53% bzw. 32% geklettert. Bei einem derzeitigen Kurs von 1,50 USD liege der Börsenwert von Long-Wei Petroleum bei 100 Mio. USD, bei einem satten Cashbestand von 10 Mio. USD. Die Experten würden, vor dem Hintergrund eines prognostizierten Gewinns von 28,5 Mio. USD im laufenden und 44 Mio. USD im kommenden Jahr, diesen Wert für nicht angemessen halten.
Laut den Experten von "Emerging Markets Investor" winkt bei der Aktie von Long-Wei Petroleum noch einmal eine Verfünffachung auf Zwölfmonatsfrist. (Ausgabe 16 vom 17.08.2009) (18.08.2009/ac/a/a)
http://www.aktiencheck.de/artikel/analysen-Ausland-1953392.h…

Die hatten Longwei sogar schon im Musterdepot, sind aber, wie wohl so einige von der hohen Vola des Papiers überrascht worden und wurden ausgestoppt.
Die Position von 30.000 Aktien von Longwei Petroleum ist mit einem Verlust von elf Prozent zu 0,95 Euro ausgestoppt worden.
aus "Der Aktionär" vom 7.9.http://www.deraktionaer.de/xist4c/web/Boersenwelt-Pressescha…

Ich bin unbedingt ein Vertreter von Stoploss. Es darf nie sein, mit einer Aktie zusammen "in den Tod zu gehen". Aber man muss die individuellen Volas der Papiere berücksichtigen und dann entsprechend viel Luft lassen.

MfG.
s.

[RayNar]

Antwort auf Beitrag Nr.: 37.980.778 von stupidgame am 15.09.09 11:41:52

Hallo nochmal

Ja, ich habe deinen Thread einfach mal als Anlass genommen, China Pharma kurz vorzustellen. Ist natürlich auch schon gut gelaufen, aber der Trend ist intakt und bei einer Verbesserung der Forderungen noch viel Luft nach oben drin.

Ich komme auch kaum nach, es gibt wirklich etliche interessante Unternehmen, die ich für kaufenswert halte. Ich bin aber eh schon stark in chinesischen OTCs investiert, weshalb ich noch ein wenig zögere.

Jiangbo habe ich dir ja kürzlich geschrieben, ein schöne Cash-Sau aus China, die mir sehr gut gefällt.
Vielleicht komme ich am Wochenende wieder dazu, die anderen Kandidaten mal abzuklappern, da sollte hoffentlich auch ein schöner dabei sein.

Nochmals Danke für dein Engagement, wirklich top!

[stupidgame]

FAQ

1. Is the Company a refinery, a distributor or both?
A: The Company is a distributor, a wholesaler of fuel products in the Shanxi Province of China; they sell their fuel to large gas stations and to power-plants. Longwei owns an ISO9000 certified state-of-the-art fuel storage facility and 14 storage tanks with a total capacity of 50,000 metric tons (approximately 15 million gallons) at Taiyuan City, Shanxi Province. In addition, the Company also owns a rail system to transport its products to customers.


2. How does the Level I Finish Oil Wholesale license benefit the Company?
A: A Level I Finish Oil Wholesale license is granted by the Chinese central government and is not easy to acquire. The license is granted for the life of the Company and allows them to buy their fuel directly from the refiners in China at a discount.


3. What are Longwei’s most important competitive advantages?
A:

* They have the largest storage facility for their fuel products for non-government owned companies in the province. This allows them to buy in bulk at large discounts and also allows them to service and deliver fuel to large customers quickly and efficiently.
* They have a Level I Finish Oil Wholesale license which is granted by the Chinese Central Government and which allows them to buy their fuel at a discount directly from the refiners.
* They were formed in 1994 and have developed strong relationships with the central government and provincial government as well as the refineries and their customers.
* They have their own railroad for the quick and efficient delivery of their fuel products.
* They have very low labor costs and high profit margins.




4. How do oil prices and the fluctuating price of fuel impact the margins and earnings of Longwei?
A: To some extent fuel prices are controlled by China’s central government, particularly at the retail level. The rule in China is that distributors with a Level I license must be able to buy fuel from the refineries at a minimum 5.5% to 7% less than the retail price. Longwei’s margins are much higher due to their ability to buy in large volume and store in their 50,000 metric ton storage facility. Fluctuating oil prices in the world market can effect margins but typically Longwei knows in advance whether the government will raise or lower prices and they can make adjustments in their buying and selling patterns. It is important to understand that China struggles to meet its energy demands. For example, the company now imports approximately 50% of its oil. And though China is the number one producer of coal in the world, they still must import coal to meet their demands.


5. How will the worldwide recession affect Longwei’s revenues and earnings?
A: China’s GDP is expected to grow at 8% in 2009. The Shanxi province where Longwei operates is growing faster than China’s GDP. China will become the #1 manufacturer of automobiles in 2009. The Shanxi province is a fast-growing industrial area that will continue to have high demand for fuel. Longwei is on track to increase revenues by approximately 20% in 2009. These figures do not factor revenue and earnings that could be generated from the completion of their new storage facility in Guijao city They earned $5.75 million in the first quarter of 2009.


6. Why is the stock trading at only a P/E of 1-2?
The company went public eight months ago via a reverse merger in a blank check shell company when the market was in a free-fall. The original shareholders in the shell probably sold a great deal of stock, particularly since they had a very low cost basis. There are approximately 8 million shares in the float at this time.


7. How often does the company turn over their inventory?
A: Generally, the company will sell their inventory every two months.


8. Where do they buy their fuel?
A: They buy their fuel directly from refineries in China such as China Petro.


9. Does the Company have plans to get listed on the NASDAQ or NYSE Amex?
A: Yes, the Company is working diligently to appoint independent U.S. board members, hire an English speaking CFO and create an oversight committee. The Company believes that within 6-12 months it could be listed on either the NASDAQ Global Markets or the NYSE Amex.


10. Does the Company need to raise money?
A: The company will not raise money at current price levels as that would create unneeded dilution. The Company may consider a debt deal, but not an equity deal. The money they raise would be used to complete their Gujiao storage facility (pictured below), which requires approximately $20 million, in addition to the $10 million already invested in the facility.


12. Who is their auditing firm?
A: Longwei’s auditing firm is Child, Van Wagoner & Bradshaw PLLC, an independent registered public accounting firm. This firm works with a number of China companies and has offices in the U.S. and China. They are a well-respected accounting firm in the U.S., known and respected for their fair and accurate reporting. They have a large number of China clients.


13. Has anyone from RedChip visited the Company?
A: Yes, the President of RedChip Companies Inc. has visited the company, met with the Chairman and executive team and examined the facilities.


14. How and when did they go public?
A: Longwei Petroleum Investment Holding Limited was incorporated under the laws of the State of Colorado in 2000 under the name Tabatha II, Inc. and conducted no business operations until October 16, 2007, when it acquired the business of Longwei in a “reverse merger” transaction. Longwei filed Form S-1/A on April 21, 2008.


15. What is the inside ownership?
A: The insider ownership is 92% but is expected to decrease.


16. What were Longwei’s six-month earnings and revenues?
A: Revenues for the six-month period ended December 31, 2008, were $98.1 million; earnings were $14.2 million. Longwei reported earnings per share of $0.11 and $0.19 for the quarter and six months ending December 31, 2008, respectively. This equates to a net margin of 16.3% and 14.5% for the quarter and six months ending December 31, 2008.


17. Why did Longwei do a $2.2 million bridge loan given their strong cash flow?
A: Longwei raised $2.2 million at $0.70, a convertible debenture, before they were public to use for “Going Public,” expenses. The stock has not been converted. Longwei’s cash flow is constantly put to work buying fuel inventory.


18. Where can I find research on Longwei.
A: A RedChip CFA analyst has written three reports on Longwei.:

* RedChip Visibility Q2 2009 Update
* RedChip Visibility Q1 2009 Update
* RedChip Visibility Initial Report

[stupidgame]

Nachdem die Schlusstaxe gestern abend 1,37 / 1,39 war steht die Aktie jetzt schon auf 1,40 / 1,42. Über 1h vor Börsenbeginn. An der OTCBB schon eher die Ausnahme, da es ja echten vorbörslichen Handel nicht gibt.

s.

[stupidgame]

Eine nicht ganz so bullishe Nachricht vom Sektor.
Laut Sinopec hat sich die Nachfrage nach Raffinerieprodukten in China bislang nicht vollständig erholt. Betrifft insbesondere Diesel.

China diesel demand has not yet recovered -Sinopec
...Sinopec's current sales of refined oil products were still lower than a year earlier...
http://news.alibaba.com/article/detail/energy/100174776-1-up…

s.

[stupidgame]

Red Chip veranstaltet vom 30.9.-1.10 eine große Investorenkonferenz in New York. Liste der Unternehmen, die vorgestellt werden...

Acorn International, Inc. (NYSE:ATV); American Lorain Corporation (NYSE Amex:ALN); The Quantum Group, Inc. (NYSE Amex:QGP); Longwei Petroleum Investment Holding Ltd. (OTCBB:LPIH); Globalstar, Inc. (Nasdaq:GSAT); Elephant Talk Communications, Inc. (OTCBB:ETAK); Worldwide Energy and Manufacturing USA, Inc. (OTCBB:WEMU); China Education Alliance, Inc. (NYSE Amex:CEU); Aethlon Medical, Inc. (OTCBB:AEMD); India Globalization Capital, Inc. (NYSE Amex:IGC); Blackwater Midstream Corporation (OTCBB:BWMS); Dolphin Digital Media, Inc. (OTCBB: DPDM); Glowpoint Inc. (OTCBB:GLOW); ICOP Digital, Inc. (Nasdaq:ICOP); Synthetech, Inc. (OTCBB:NZYM); Imagenetix Inc. (OTCBB:IAGX); Altair Nanotechnologies, Inc. (Nasdaq:ALTI); NovaGold Resources, Inc. (NYSE Amex:NG), (TSX:NG); Cinsay, Inc. (Private); Expos2 (Private); Pro-Tech Industries, Inc. (OTCBB: PTCK); China Gengsheng Minerals, Inc. (OTCBB:CHGS); Teletouch Communications, Inc. (Pink Sheets:TLLE); Turbine Truck Engines, Inc. (OTCBB:TTEG); Jedi Mind, Inc. (Pink Sheets:JEDM); China Auto Logistics, Inc. (Nasdaq:CALI); Global Health Ventures, Inc. (OTCBB:GHLV); N-Viro International Corporation (OTCBB:NVIC); NXT Energy Solutions, Inc. (CDNX:SFD.V); AdEx Media, Inc. (OTCBB:ADXM); Nova Measuring Instruments, Ltd. (Nasdaq:NVMI); U.S. Geothermal Inc. (TSX:GTH), (NYSE Amex:HTM); and Irvine Sensors Corporation (Nasdaq:IRSN); and more.
http://www.globenewswire.com/newsroom/news.html?d=173499

Ausserdem meldet RedChip heute noch, dass sie während der Konferenz, am 30.9. sehr PR-wirksam die NASDAQ-Eröffnungsglocke läuten.
Über etliche der Ereignisse während der Zeit gibt es Live Webcast.
http://www.globenewswire.com/newsroom/news.html?d=173881

MfG.
s

[toska110]

http://www.ariva.de/news/Longwei-Petroleum-mit-Kurspotenzial…

Vorprogrammierte Kursexplosionen finden in der Regel nicht statt...

GT

[stupidgame]

Antwort auf Beitrag Nr.: 38.068.552 von toska110 am 28.09.09 13:07:45

Vorprogrammierte Kursexplosionen finden in der Regel nicht statt...

Hi toska!

Naja - Börsenbrief-Slang eben. Ich halte nichts von solchen "Kracher und Granaten" Verkündigungen.
Bin hier aber nach wie vor vorsichtig optimistisch. Mein Zeitfenster ist halt aber 9-18 Monate. Und nicht morgen.
Das es hier noch einige Berg- und Talfahrten, wie vor kurzem, geben wird, da kann man sich sicher sein. Ist halt OTC.
Ich muss hier z.B. schon alle mal vorwarnen, diese Abschreibung, die für das Geschäftsjahr 2010 angekündigt ist, die kann für das laufende Quartal evtl. schon kommen. Das neue GJ läuft ja seit 1.7.
Das kann den Quartalsgewinn halbieren und bei einigen für Enttäuschung sorgen. Also bei nahen des Quartalberichts, so Mitte November - spätestens - sollte man bischen vorsichtig sein.
Vorher kommt aber noch in den nächsten Tagen der Jahresbericht für 09. Da sollten zwar nicht allzu viele Überraschungen drin sein. Aber der ist für viele Interessenten die Möglichkeit, sich mit dem Unternehmen vetrauter zu machen. Wer bissl Englisch kann, sollte sich ruhig die Zeit nehmen und sich den 10-K komplett reinziehen mit etwas Zeit. Es lohnt sich sicher.

Gruß
s.

[gogo87]

Schaut euch auch einmal Skystar Pharmaceutical(A0RN1G)an wenn ihr an Chinesischen Wachstummsaktien interessiert seit. Hat ein KGV von bisschen über 5 und nächstes Jahr sollen Umsatz und Gewinn erst so richtig explodieren. Ist auch scon bekannter mehr Handel usw und somit weniger Vola. Hab dazu schon einen Thread eröffnet über Beiträge und Interesse würde ich mich sehr freuen.

Gruß

[stupidgame]

Leicht negative Meldung - China senkt die Treibstoffpreise um 3%.
China cuts fuel prices 3 pct, 1st cut in two months
http://www.reuters.com/article/marketsNews/idAFSEO3248042009…

s.

[gogo87]

Morgen müsste doch eigentlich der Bericht für das abgelaufene Geschäftsjahr kommen oder?

[stupidgame]

Antwort auf Beitrag Nr.: 38.080.337 von gogo87 am 29.09.09 20:11:29

Die Firma hat NT10-K gemeldet. Das heisst, sie brauchen bis zu 15 Tage Verlängerung zur Erstellung des Jahresberichts.
Nichts Ungewöhnliches an der OTCBB. Betrifft nach meiner Erfahrung 30-40% der Unternehmen.

s.

[gogo87]

https://freemailng0605.web.de/online/logic/download.htm?si=w…


hier eine Analyse von redchip zu longwei mit Kursziel 4 €

[gogo87]

Sorry hat leider nicht so geklappt hab es jetzt hier komplett kopiert


INVESTMENT HIGHLIGHTS
• Longwei has been granted a Finish Oil Wholesale license by the Chinese central
government. This license permits the Company to purchase fuels directly from
refi neries, has no expiration date and is very diffi cult to obtain.
• Longwei has been in the fuel oil and petroleum product distribution wholesale
business since 1995. The Company has earned a reputation for excellent
customer service and a stable distribution capability at competitive prices.
• China’s rapidly growing economy will drive energy demand growth rates of four
to fi ve percent annually through 2015. Production and distribution of energy will
be one of China’s greatest challenges in the coming years.
• Shanxi Province, where Longwei operates, has no oil fi elds or oil refi neries and
thus provides a unique market space for fuel oil and petroleum products. Shanxi
Province’s demand for fuel oil has experienced double-digit growth in the past
several years.
• Longwei owns one state-of-the-art fuel storage facility with 14 storage tanks
providing a total capacity of 50,000 metric tons in the Shanxi Province.
• The Company is currently constructing a second fuel storage facility in the
industrial city of Gujiao which will add 70,000 metric tons to Longwei’s total
capacity. Construction is expected to be completed by the end of 2009.
• Longwei has exhibited average year-over-year revenue growth of 46% and net
income growth of 39% over the last fi ve years.
• Revenues for the three months ended March 31, 2009 increased 53% or
$17.2 million to $49.7 million compared to the same period in 2008.
• Gross profi t margin decreased approximately 11% to 19.5% for the three months
ended March 31, 2009 compared to same period in 2008 due to lower
margins on diesel fuel sales.
• Net income rose 31.6% to $6.7 million for the three months ended
March 31, 2009 as compared to the period in 2008.
• The Company has a very strong balance sheet with cash of $9.6 million and a
current ratio of 14.1.
RESEARCH ANALYST
Matthew Kantrowitz, MBA
AT A GLANCE
JULY 7, 2009 | TARGET PRICE: $4.00 | RATING: STRONG BUY
Longwei Petroleum Investment Holding Limited
(OTCBB: LPIH)
3RD QUAR TER UPDATE
Longwei Petroleum Investment Holding Ltd.
No. 30 Guanghua Street, Xiaojingyu Xiang,
Wanbailin District Taiyuan City
Shanxi Province, Shanxi, China 030024
Ph: 86-351-6527-366
www.longweipetro.com
TICKER LPIH
SECTOR OIL SERVICES
FISCAL YEAR JUNE
RECENT PRICE $1.01
TARGET PRICE $4.00
MARKET CAP $76.9M
52 WEEK HIGH $2.50
52 WEEK LOW $0.20
SHARES OUTSTANDING 76.2M
FY2008 REVENUES $141M
FY2008 NET INCOME $20M
FY2008 EPS $0.27
PRICE/EARNINGS (TTM) 3.5x
PRICE/SALES 0.4x
PRICE/CASH FLOW 3.7x
PRICE/BOOK 0.7x
BOOK VALUE PS (MRQ) $1.44
AVERAGE VOLUME (3 MOS) 235,894
INSIDER OWNERSHIP 91%
CEO Cai Yongjun
As of July 6, 2009
RedChip Visibility | 2 | Longwei Petroleum Investment Holding Limited
Longwei Petroleum Investment Holding Limited (LPIH)
3RD QUARTER UPDATE
COMPANY OVERVIEW
Longwei Petroleum Investment Holding Limited (LPIH or the ”Company”) is the largest non-government owned
oil wholesale distribution company in Shanxi Province in the Peoples Republic of China. The Company distributes
diesel, gasoline, fuel oil and solvent oil from its facilities in Taiyuan City. As a licensed intermediary, the Company
seeks to earn profi ts by buying diesel gasoline fuel oil and kerosene from oil refi ners and other suppliers and selling
them to wholesalers, power supply plants, and independent gas stations. In addition, Longwei acts as a purchase
agent whereby the Company charges an agency fee to wholesalers who do not have a license to purchase fuel directly
from refi neries. Longwei also owns twelve gas stations in Shanxi Province of which one is located on Longwei’s
property, with the other eleven being franchised gasoline stations.
The four major lines of petroleum products distributed by Longwei to its customers are as follows:
1. Gasoline (#90 & #93, according to the Chinese Gasoline Grading System)
2. Diesel (#10, according to the Chinese Diesel Grading System)
3. Other Fuel Oils (a liquid petroleum product that is burned on a furnace or boiler for the
generation of heat).
4. Solvent (a liquid or gas that dissolves a solid, liquid, or gaseous solute resulting in a
solution; Longwei uses unrefi ned petroleum products found in solvents for paint, dry
cleaning, cutback asphalts and the rubber industry).
CURRENT GROWTH OF THE CHINESE ECONOMY
China’s Premier Wen Jiabao said on June 17 that China’s economy was at a critical moment as it has begun to recover
“steadily”. Rate cuts and stimulus spending by the Chinese government in the early part of this year appears to be
working as evidenced by recent upwards revisions in the country’s forecasted GDP growth. In June the World Bank
raised its China GDP growth forecast for 2009 to 7.2% from its March projection of 6.5%. China’s National Bureau
of Statistics said the slowdown in the world’s third largest economy has bottomed out and they expect growth to be
about 8% in the second quarter of 2009.
Perhaps the greatest sign of strength in the Chinese economy has come from the soaring sales of automobiles.
China’s auto sales climbed almost 30% in the fi rst fi ve months to over 3.5 million with May alone exhibiting a 55%
increase in sales, the most since the beginning of 2009. Chinese auto inventories are now the lowest in history with
many Chinese having to wait long periods to purchase a vehicle. Granted, some of this auto boom has been supported
by the Chinese government’s $586 billion in fi scal stimulus which included tax cuts on small passenger cars and
subsidies to rural purchasers. China is all but guaranteed to surpass the United States as the world’s largest car market
in the next couple of years with projected annual sales of 10 - 11 million automobiles.
Signs of recovery can also be seen in the real estate sector where sharp housing price declines in 4Q08 have rebounded
in 3Q09. Residential sales volumes increased 27% in the fi rst fi ve months of 2009 and real estate prices in cities such
as Shanghai, which experienced a dramatic drop in values, have begun to rise. Property is the primary investment
vehicle for Chinese citizens and an improving real estate market will help build wealth while boosting related sectors
such construction and manufacturing.
Additional indications that China’s growth is starting to accelerate comes from recently published data from the
main gauge of China’s manufacturing sector, the Purchasing Manager’s Index (PMI). In June, the PMI rose to 53,
an 8% increase from February’s fi gure of 49. A reading of above 50 suggests expansion, while below 50 indicates
contraction. The holding of the PMI above 50 indicates the continuing improvement of the Chinese economy.
RedChip Visibility | 3 | Longwei Petroleum Investment Holding Limited
Longwei Petroleum Investment Holding Limited (LPIH)
3RD QUARTER UPDATE
STRONG DEMAND FOR OIL PERSISTS IN CHINA
While oil demand has cooled in most developed countries due in part to the global economic slow down, a huge pentup
demand for oil products in China remains. A recent report from economics research fi rm The McKinsey Global
Institute projects that China will account for a third of the world’s energy demand growth in the decade beginning in
2010. This suggests that the estimated energy demand growth in China between 2010 and 2020 would amount to a
70% increase from the country’s energy consumption in 2006.
In May, China’s consumption of petroleum products was up 6% year-over-year and the country had record imports of
both crude oil and petroleum products. Demand growth is coming from many different sources in China. Construction
projects including housing and infrastructure have played a major role and the swift growth of automobile sales
has put pressure on already tightened supply. China’s automobile industry has just entered the growth stage and
in the following ten years, sedan sales volume is projected to grow at an average of about 20%. Currently only 30
out of every 1,000 people in China of driving age own a car, where as in the United States it is 900. The Chinese
government has vowed to boost nationwide vehicle sales 10% annually for three more years which will be a major
contributor to the increase in gasoline and diesel oil consumption over the next ten years.
SUPPLY IS GROWING SLOWLY; REMAINS CONSTRAINED
China is now the world’s second largest oil importer due in part to the country’s low energy resource reserves on a
per capita basis. Proven reserves of fossil fuels have increased in recent years, but domestic production of energy
in China has continued to be insuffi cient to meet the rapid demand growth of the economy, the quickening pace of
urbanization, and the rising living standard. The country will meet approximately 50% of its oil demand this year
with imports, the highest proportion to date; and analysts predict that China’s dependence on imported oil will rise to
55% in 2010 and to 66% in 2020. Saudi Arabia is the biggest source, with additional supply purchased from Angola,
Iran, Oman, Venezuela, Sudan and Russia.
Overall, growth in domestic output of crude oil, gas, and fi nished oil products will never keep pace with China’s
growing demand for energy. Refi neries and reserve storage facilities are being constructed throughout the country to
help increase available supply; however, even assuming that growth in oil demand will slow as the country’s rapid
economic growth rate cools slightly, China’s insatiable thirst for energy will no doubt outstrip supply.
LONGWEI’S OPPORTUNITY: WHERE SUPPLY MEETS DEMAND
Meeting domestic demand in 2009 and beyond will be a major catalyst for Longwei. Unlike most Western countries,
dramatic fl uctuations in international crude oil prices have not affected China’s domestic demand because the Chinese
government controls prices (the government fi xes domestic fuel prices so as to curb the country’s ballooning consumer
price index and stave off domestic unrest from high prices). Under guidelines set by the National Development and
Reform Commission (NDRC) and the Ministry of Commerce, wholesalers such as Longwei that sell fi nished oil to
industry customers, are guaranteed purchase prices of 5.5% to 7% below retail prices. However, the government
periodically adjusts fuel prices by up to 5% which can affect Longwei’s margins as the Company purchases its fuels
far in advance of delivery to its customers. In the third quarter the Chinese government lowered retail diesel prices
therefore reducing margins on Longwei’s stored diesel inventory.
Longwei’s primary customers are large-scale gas stations, which represented 45% of its sales in the fi rst nine months
of FY09. These gas stations, which purchase diesel and gasoline from the Company, are located in Taiyuan City in
the Shanxi Province of China. Longwei’s second largest group of customers, comprising 45% of the Company’s
business in the fi rst nine months of FY09, are the coal plants and power supply companies that use fuel oil for heat
and power, along with solvents. The Company’s third largest customer base is made up of small independent gas
stations. These stations, of which Longwei owns one, represented 10% of the Company’s total sales in the fi rst
nine months of FY09. Independent gas stations are quickly being acquired by larger oil companies and franchise
RedChip Visibility | 4 | Longwei Petroleum Investment Holding Limited
Longwei Petroleum Investment Holding Limited (LPIH)
3RD QUARTER UPDATE
chains. This consolidation is leaving those stations that remain independent with fewer alternatives for fuel suppliers,
presenting Longwei with greater opportunity.
COMPETITIVE ADVANTAGES
Operating in Shanxi province. All of the Company’s property is located in Shanxi Province, China. Shanxi
Province, located in China’s less developed central region, is China’s main coal-producing region and one of the
biggest coal production regions in the world. It is estimated that Shanxi Province contains 260 billion metric tons of
coal deposits, which is about one-third of China’s total known reserves. In addition to the coal mines, the province
contains coking plants, power plants (China’s capital city, Beijing, receives 30% of its electricity from the Shanxi
Province), coal transport fl eets and other large-scale industrial enterprises which consume huge amounts of coal,
electricity, and oil.
The Shanxi Province is currently growing at 9%-10% per year, outpacing mainland China. According to statistics
from the Taiyuan branch of the People’s Bank of China, both local and foreign currency loans outstanding at
fi nancial institutions in Shanxi province have experienced strong growth, with a combination of the two rising to
RMB674 billion (US$100 billion) in the fi rst quarter of this year, of which RMB69.4 billion (US$10.2 billion) was
extended during the quarter, representing a year-on-year increase of 11.5%. Plans for projects worth 650 billion yuan
($95 billion) over the next two years in Shanxi Province include railway, highway, airport and water conservancy
construction.
Level I license to buy and distribute fuel. A key advantage for Longwei is that competition is limited due to
the necessity of obtaining a license for Dangerous Chemical Products Businesses that allow a company to handle
gasoline and diesel, along with a special level I license, the Finish Oil Wholesale, which allows the Company to
engage in the wholesale business of gasoline, fuel oil, and diesel oil. These licenses are issued on a limited basis
by the Chinese government (Longwei is only one of 17 private entities in Shanxi Province who has been issued the
Finish Oil Wholesale license). The diffi culty in obtaining the Finish Oil Wholesale license is a high barrier to entry
for potential competitors wanting to enter the regional market. This license is diffi cult to obtain due to the strict
licensing process, with regulations such as quality control and processing control regulations.
Large storage capacity. Longwei’s fuel storage facility, located in Taiyuan, houses the Company’s 14 storage tanks
on 32,964 square feet of land. The ISO 9000 certifi ed facility’s total capacity is 50,000 metric tons or approximately
15 million gallons (to put this in perspective 50,000 metric tons of petroleum generates approximately $4,000,000 in
revenue). This is crucial as the government of China in 2007 began to shut down those companies who had a storage
capacity of less than 10,000 metric tons. Longwei is only one of fi ve licensed private entities in the Shanxi Province
that has the necessary storage capacity requirements.
Longwei’s self-owned storage capability enables the Company to maximize its advantage over competitors. For
example, Longwei can take actions to increase storage when the Company predicts the price of crude oil is going
to surge, or Longwei can store more expensive inventory for future sales and make purchases when the Company
predicts the price of crude oil is going to decrease.
The Shanxi Province is the third largest consumer of petroleum products in China, however unlike many other
provinces in China there are no oil fi elds or oil refi ners in Shanxi. The gasoline and diesel demands of the province
are satisfi ed only by suppliers from other provinces throughout the year. This provides a competitive cost advantage
for distributors, such as Longwei, with storage capabilities over those who do not due to higher cross-province
transportation costs.
Company owned rail line. Longwei owns its own railroad line. This railroad line starts from the Taiyuan railway
offi ce, Yinjing Station, and continues to Longwei’s company station, extending 16,278 square feet from station to
station. This rail system services some of the Company’s major customers.
RedChip Visibility | 5 | Longwei Petroleum Investment Holding Limited
Longwei Petroleum Investment Holding Limited (LPIH)
3RD QUARTER UPDATE
EXPANSION PLANS
Longwei has developed a strategy to expand into additional locations with storage units. The Company believes
that its storage capacity is the key to success in the regional market as additional capacity allows the Company
to maintain its current customers and attract new customers with a stable supply of fuel oil and pricing choice.
Currently, Longwei’s service network only covers the central region of Shanxi Province. The northern and southern
regions of the province remain undersupplied.
Longwei has selected the modern industrial city of Gujiao in Shanxi Province as a target location for its expansion.
The planned Gujiao storage facility will consist of 11 new storage tanks with 70,000 metric tons of capacity and
is estimated to cost approximately $30 million ($15 million for construction and $15 million for inventory). The
Company announced in June that is has allocated $23.8 million toward construction of the facility. According to the
Company, these tanks are slated to double the Company’s projected revenues.
Construction of 70,000 metric ton storage facility is expected to be completed by the end of 2009.
Gujiao is located in Northwest China, 50 km away from Taiyuan City. The domain area of the city is 1,551 km²,
and the population is 210,000. The non-agricultural population of Gujiao is 129,000, and the agricultural population
is 81,000. As part of the east way of the Luliang mountain chain, Gujiao shoulders a powerful role as a key energy
and heavy chemical industry base for national development. Gujiao is one of China’s largest coke production bases
and one of eight major coking industrial parks in Shanxi Province. The coalfi eld area of the city is 754 km², the
geological reserves are 96 billion tons, and the recoverable reserves are 50 billion tons. More than 70% of the coke
is of high-quality and buried shallow making exploration easy. In addition, iron, manganese, aluminum, limestone,
quartz sand, and other mineral reserves are very rich in Gujiao. The city’s abundance of raw coal, coke, pig iron, and
building materials helps to support China’s fast economic construction. Gujiao has been awarded the “Best City”
award three times by the Chinese government, bolstering the city’s economic strength, science and technology,
education, and other social undertakings.
RedChip Visibility | 6 | Longwei Petroleum Investment Holding Limited
Longwei Petroleum Investment Holding Limited (LPIH)
3RD QUARTER UPDATE
Gujiao is also an important transport hub and goods distribution center serving a huge market of several towns
with more than fi ve million people in northwest Taiyuan City. Transportation in the city is convenient, and the
communication systems are well developed. The Taigugang railway crosses the entire city as do three provincial
highways and one county highway connecting Gujiao to other counties and villages. An additional highway from
Gujiao to Taiyuan has been permitted by the Province Planning Commission and construction will begin soon.
This project will greatly add to the value of Gujiao and lead to the rapid development of relevant industries in the
city.
We believe Longwei’s recognition of the importance of its storage capacity coupled with its well planned expansion
strategy will add to the Company’s growth strategy. However, it should be noted that the slowing global economy
has created a tighter lending market. Banks, having to shore up their reserves, are no longer willing to lend as
freely as they once had. This may delay the completion of Longwei’s facility in Gujiao. Thus it may be necessary
for Longwei to obtain fi nancing by issuing additional shares, which would result in dilution. In this uncertain
environment, we cannot assume that this facility will be completed on time until we are certain that the required
capital for the completion of the Gujiao project has been committed.
3QFY09 FINANCIAL DISCUSSION
Demand for Longwei’s fuels during the third quarter was strong with diesel sales volume increasing 27.1% and
gasoline volume up about 152.5% year-over-year. Revenues overall increased 53% year-over-year to $49.7 million
for the third quarter ended March 31, 2009 due to higher fuel prices and greater purchases from the Company’s
existing customers. A breakdown of sales by product is depicted below.
For the nine month period ended March 31, 2009 revenues increased 36% year-over-year to $147.8 million due
to a 32% increase in diesel sales volume and a 93% increase in gasoline sales volume coupled with higher fuel
prices.
Overall gross margins declined nearly 11% year-over-year to 19.5% in the third quarter due to the margins on
diesel and gasoline sales falling 12% and 6% respectively from the prior year quarter. Additionally, the Company
made advance payments to suppliers of approximately $37.3 million in 3QFY09 compared to $28.3 million in
3QFY08. Longwei purchases their fuel well in advance of delivery to customers and therefore locks in their fuel
costs. This strategy can result in margin fl uctuations from quarter to quarter caused by retail price adjustments made
by the Chinese government. Diesel prices decreased during the quarter reducing LPIH’s margins on its purchased
inventories. Gross margins have historically been range bound in the low to mid twenty percent range with the
Sales by product in thousands of U.S. dollars and percentage
for the three months ending March 31, 2009
21,736
47%
730
1,100 2%
2%
23,056
49%
Diesel Oil Gasoline Fuel Oil Kerosene
RedChip Visibility | 7 | Longwei Petroleum Investment Holding Limited
Longwei Petroleum Investment Holding Limited (LPIH)
3RD QUARTER UPDATE
lowest overall margins of 10% reported in 2001. As Longwei’s revenue mix adjusts to include a higher percentage
of sales to power plants, which purchase mostly diesel fuel, gross margins will decrease. Longwei recently added
the Shanxi Tiangong Power Development to its list of customers and management believes this Company should
account for approximately 15 % of revenues going forward.
Longwei continues to have a very strong balance sheet boasting $9.6 million in cash and cash equivalents with a
current ratio of 14.1 (current assets of $87,984,058 divided by current liabilities of $6,247,539 for the third quarter
of fi scal year 2009). Thus, Longwei has the ability to meet any short-term obligations. Longwei’s book value per
share is 1.44 (total stockholder’s equity of 109,937,887 divided by shares outstanding of 76,205,000 as of March 31
2009).
Longwei reported earnings per share of $0.09 and $0.27 for the quarter and nine months ending March 31, 2009
respectively. This equates to a net margin of 13.4% and 14.1% for the quarter and nine months ending March 31,
2009.
4QFY09 AND FY10 OUTLOOK
Longwei’s revenues will likely increase in the fourth quarter due to higher retail prices resulting from the latest
Chinese government mandate to raise the benchmark retail prices of gasoline and diesel oil combined with the
stimulus spending across China. We project revenues will increase approximately 3% to $50.9 million in 4QFY09.
We expect the Company’s margins in the fourth quarter to improve slightly with the major uptick to occur in the fi rst
quarter of FY10 as the Chinese government has announced a 9% and 10% increase in the retail prices of gasoline and
diesel fuel respectively. We project that combined gross margins on petroleum products will near 21% for FY09.
Longwei can offset the decrease in gross margins with strong revenue growth, either organic or through the
construction of new plants like they are doing in Gujiao, then net income and EPS can still grow at an attractive level
even if margins decline to the mid-to-high teen level.
Additionally, a good harbinger of a Company’s growth prospects is its ability to generate positive cash fl ow going
forward. In Longwei’s case, the Company witnessed an increase in cash fl ow for the nine months ended March 31,
LPIH revenue and gross margin
0.0
20.0
40.0
60.0
80.0
100.0
120.0
140.0
160.0
180.0
200.0
Jun-30-2005 Jun-30-2006 Jun-30-2007 Jun-30-2008 Mar-31-2009
Revenue (in US$ mil)
15.0
17.0
19.0
21.0
23.0
25.0
27.0
29.0
31.0
33.0
Gross margin %
RedChip Visibility | 8 | Longwei Petroleum Investment Holding Limited
Longwei Petroleum Investment Holding Limited (LPIH)
3RD QUARTER UPDATE
2009 of almost $1 million. We like to see this kind of healthy cash fl ow and going forward but are respectful of the
temporary lull in this industry.
One cause for concern is the decline in Longwei’s agency fees. If the Chinese government continues to grant licenses
to companies who can then bypass Longwei and purchase directly from refi neries, then the decline in agency fees
will have a negative impact on net income and margins in future periods. Although agency fees only made up 6.2%
of total revenues in the third quarter, they are important to margins. We believe Longwei can compensate for this by
increasing its storage capacity and attracting new customers with its stable and cheaper supply. Longwei also plans
to mitigate some of its reduced revenue stream with a strategy to increase sales to coal plants and power supply
companies, which it expects to represent at least 55% of total revenues in future years. The newly passed Chinese
stimulus package should also help curb reduced growth rates in Longwei’s top line.
Although the world is mired in a recession, we believe that Longwei has a strong balance sheet to sustain the Company
through the months ahead. Longwei’s healthy balance sheet along with China’s fi scal stimulus seem to be the right
recipe to correct any potential slowdown during this downward economic period until oil prices can recover. The
resurgence of automobiles in China bodes well for Longwei and should parlay into stronger revenues. In contrast,
though, we would like to see how management continues to address the decline in gross margins. Management has
stated that they will make up for the loss of margins with an increase in revenues.
VALUATION
Longwei’s price to sales ratio of .4x and price to earnings ratio of 3.4x is extremely low and below that of
competitors. We have chosen to value Longwei using a price to earnings ratio as the Company has consistently
exhibited profi tability throughout its operating history. In the past many high growth Chinese companies traded
above 20x earnings, however in this current economic downturn a more feasible price to earnings ratio would be
10x to account for the projected growth in China and the recent investor skepticism concerning the global turmoil.
We believe China can sustain 6 to 7% growth going forward which would warrant a higher price to earnings ratio
for Longwei as much of the Company’s growth relies on the economic condition of domestic growth in China. Still,
we have to be very conservative in our estimate as the global economy has seen a rapid downturn and investors will
be looking at future growth drivers. Until global panic subsides we are assigning what we believe is a conservative
price to earnings ratio of 10x to Longwei’s projected FY10 earnings per share of $0.53. Thus, based on projected
diluted earnings per share for the full fi scal 2010 year of $0.53, Longwei’s stock would be valued at $5.30 per share
in 2010. For calculating our 12-month price target, we discount back 1.25 years our $5.30 projected price using a
risk-adjusted annual discount rate that combines the current risk-free two-year Treasury Note yield of 0.95% and a
20% risk factor. The result has been rounded to $4.00 to derive our 12-month price target for LPIH shares.
PUBLIC COMPARABLES
Company Symbol Price
Market
Cap.
($M)
Price to
Sales (X)
Price to
Book (X) P/E (X) Revs
(TTM)
Revs Per
Share
(TTM)
Longwei Petroleum Investment Holding Ltd. LPIH.OB $1.01 $76.97 0.43 0.72 3.37 182.9M $2.32
China Bio Energy Holding Co., Ltd. CBEH $5.30 $144.00 0.59 1.55 8.75 239.6M $9.10
China Energy Corp. CHGY.OB $0.38 $17.06 0.93 0.69 6.21 17.4M $0.39
China Natural Resources Inc. CHNR $11.50 $225.66 4.74 2.74 23.00 50.9M $2.63
China Shen Zhou Mining & Resources, Inc. SHZ $1.30 $28.88 4.44 2.02 N/A 7.0M $0.32
China Yili Petroleum CYIP.OB $0.99 $29.45 N/A 4.36 N/A 0.4M N/A
China Natural Gas, Inc. CHNG $9.75 $142.35 1.97 1.91 8 .60 72.2M $4.95
China North East Petroleum Holdings Ltd. NEP $4.20 $87.80 1.7 1.84 4.59 56.6M $2.81
As of July 6, 2009
LPIH PEER GROUP COMPARISON & VALUATION ANALYSIS
RedChip Visibility | 9 | Longwei Petroleum Investment Holding Limited
Longwei Petroleum Investment Holding Limited (LPIH)
3RD QUARTER UPDATE
INVESTMENT CONCLUSION
China continues to experience a signifi cant shortage for refi ned oil products relative to demand. So long as demand
exceeds supply, as is the case currently, Chinese oil wholesalers such as Longwei stand to earn sizeable profi ts.
China’s stimulus spending on infrastructure and development of its domestic consumer markets will require vast
amounts of machinery that consume large amounts of oil. In addition, Longwei is also guaranteed several solid
streams of revenue due to its unique business model and strategic expansion plans. In China as elsewhere, oil
companies typically either own and operate fuel stations or they merely supply them with oil. Longwei does both.
This alone creates a competitive advantage in addition to its fi nish oil wholesale license.
However, selling oil in China is not a simple game, and we are respectful of the changing tide to deregulate the oil
industry in the country. We believe that deregulation is still some time away and Longwei has strategically planned
for the future with adjustments to its customer mix and storage expansion underway with the Gujiao site. As a recent
publicly traded company, we believe it is only a matter of time before the markets identify the intrinsic value of
Longwei stock. Longwei shares currently trade below book value per share and less than half of revenue per share.
The Company’s return on assets (ROA) is a respectable 20% for the twelve months ended March 31, 2009 and
cash reserves are ample. Thus, we are maintaining our price target to $4.00 per share for Longwei and maintain our
“Strong Buy” rating on LPIH shares.
MANAGEMENT
Name Age Position Since October 2007
Cai Yongjun 37 President, Chief Executive Offi cer, and Chairman
Xue Yongping 35 Secretary and a Director
Wang Junping 48 Chief Financial Offi cer
Deng Yuanxiang 60 Sales Manager
Cai Yongjun, Chief Executive Offi cer
Cai Yongjun was the founder and has been the Chief Executive of Taiyuan Longwei, the Company’s wholly-owned
subsidiary, since October 1995. He has over 12 years experience in the trading, storage, and handling of petroleum
products. Mr. Yongjun acts as the general manager overseeing operations on a daily basis. From 1995 to 1999, Mr.
Yongjun attended Shanxi University where he majored in Business Administration.
Xue Yongping, Secretary and Treasurer
Xue Yongping has been director, secretary, and treasurer of Taiyuan Longwei, the Company’s wholly-owned
subsidiary, since November 1998. From August 1994 until November 1998, he was the deputy manager for Taiyuan
Hua Xin Trading Company, Ltd., where he served as the deputy general manager. Taiyuan Hua Xin Trading Company
is a wholesale petroleum company engaged in the selling of diesel and gasoline to other wholesale users. From
September 1991 to July 1994, Mr. Yongping attended Shanxi Law School where he earned his law degree.
Wang Junping, Chief Financial Offi cer
Mrs. Wang has been employed by Taiyuan Longwei since July 1995. She was the fi nance manager for the Company
and became Chief Financial Offi cer in March of 2006. Prior to working for Taiyuan Longwei, she was the section
chief of accounting for Shanxi Bao Shan Garment Factory from August 1992 to May 1995. She oversees all of the
accounting for Taiyuan Longwei.
Deng Yuanxiang, Sales Manager
Deng Yuanxiang has been the sales manager for Taiyuan Longwei since November 1998. He is responsible for the
sales and marketing of the Company’s products. From July 1990 to October 1997, he was the operations manager
for Shanxi United Petroleum Company. This company was engaged in the petroleum and chemical businesses. Deng
Yuanxiang managed these operations for the company on a daily basis.
RedChip Visibility | 10 | Longwei Petroleum Investment Holding Limited
Longwei Petroleum Investment Holding Limited (LPIH)
3RD QUARTER UPDATE
RISKS
• LPIH qualifi es as a “penny stock” under rule 15g-9 of the SEC that imposes a set of requirements for investing
in penny stocks, as these are considered to present greater investment risks.
• LPIH stock trades on the OTC Bulletin Board with a small trading fl oat and low trading volume, which may
contribute to large spreads and high volatility in its price, which could result in substantial losses for investors
purchasing LPIH.
• Economic and industry factors beyond Longwei’s control, including production levels of crude oil/petroleum
products can adversely affect Longwei’s gross margin.
• If Longwei cannot maintain its supply of petroleum products, it will affect the Company’s ability to pay its
debt and company expenses.
• Longwei’s ability to maintain and increase its profi tability and cash fl ow depends on successful decisions
regarding sources of supply and demand for petroleum products.
• Longwei depends on a few suppliers, thus, the loss of any supplier can have an adverse affect on its business.
• The growth of the domestic oil and petrochemical industries in 2009 may be restrained by a combination of
factors, including infl ation, stricter national energy-saving and emission reductions policies as well as other
governmental macro-economic control measures.
• The Chinese government might expand and grant licenses to buy directly from refi neries to other wholesalers
in Longwei’s region.
• Longwei needs to have suffi cient capital resources or opportunities for expansion or its growth may be limited.
• Demand for Longwei’s products may be affected by energy effi ciency, economic conditions, and technology
advances.
• The value of Longwei’s securities will be affected by the foreign exchange rate between U.S. dollars and
Renminbi.
• Longwei may issue additional shares of common stock to raise capital which would reduce the equity interest
of shareholders.
COMPANY BACKGROUND
Longwei Petroleum Investment Holding Limited was founded in 1995. Longwei Petroleum Investment Holding
Limited was incorporated under the laws of the State of Colorado in 2000 under the name Tabatha II, Inc. and
conducted no business operations until October 16, 2007, when it acquired the business of Longwei in a “reverse
merger” transaction. All operating activities of Longwei Petroleum Investment Holding Limited are carried out
through its wholly-owned Chinese subsidiary, Taiyuan Longwei Economy & Trading Co., Ltd.
RedChip Visibility | 11 | Longwei Petroleum Investment Holding Limited
Longwei Petroleum Investment Holding Limited (LPIH)
FINANCIAL STATEMENTS AND PRICE CHART 3RD QUARTER UPDATE
Income Statement
All Figures in US$
FY Ending June 30, 3QFY09 2QFY09 1QFY09 4QFY08 3QFY08
Net revenue:
Product sales 46,622,276 50,160,497 42,526,196 35,444,704 30,213,210
Agency service 3,097,818 3 ,482,490 1,949,290 ( 353,396) 2,265,492
49,720,094 53,642,987 44,475,486 35,091,308 32,478,702
Cost of revenue:
Product sales 40,049,434 41,703,435 34,835,475 29,287,735 22,180,278
Agency service - - - 326,654 473,088
Total cost of revenue 40,049,434 41,703,435 34,835,475 29,614,389 22,653,366
Gross profit 9,670,660 11,939,552 9,640,011 5,476,919 9,825,336
Operating expenses
Salaries 6 7,026 4 6,048 4 5,798 141,744 9 3,336
Other selling, general and administrative expenses 6 41,900 (3,049) 2,121,349 5 94,485 2,964,692
Total operating expenses 7 08,926 4 2,999 2,167,147 7 36,229 3,058,028
Operating profit 8,961,734 11,896,553 7,472,864 4,740,690 6,767,308
Other income and (expenses)
Interest income 4 ,253 4 ,134 3 ,836 3 ,113 6,303
Interest expense and financial cost ( 48,492) (102,474) ( 31,594) ( 20,649) (21,466)
Registration withdrawal penalty expense - - - ( 843,500) -
Other income/(expense) ( 44,239) (98,340) ( 17,758) ( 861,036) ( 15,163)
Income before income taxes 8,917,495 11,798,213 7,455,106 3,879,654 6,752,145
Income taxes ( 2,255,355) (3,038,764) ( 1,964,629) ( 1,298,251) (1,688,036)
Net income 6,662,140 8 ,759,449 5,490,477 2,581,403 5,064,109
Other comprehensive income
Foreign currency translation adjustment ( 149,874) (436,430) 1,070,650 1,979,915 3,076,127
Comprehensive income 6,512,266 8 ,323,019 6,561,127 4,561,318 8,140,236
Basic net income per share 0 .09 0 .11 0 .07 0 .03 0.07
Weighted average number of shares outstanding 76,205,000 76,205,000 76,205,000 76,205,000 75,000,000
12 MONTH PRICE CHART
RedChip Visibility | 12 | Longwei Petroleum Investment Holding Limited
Longwei Petroleum Investment Holding Limited (LPIH)
FINANCIAL STATEMENTS 3RD QUARTER UPDATE
Balance Sheet
All Figures in US$
FY Ending June 30, 3QFY09 2QFY09 1QFY09 4QFY08 3QFY08
Assets
Current assets:
Cash and cash equivalents 9 ,617,989 9 ,641,900 8 ,010,731 8 ,632,879 6,755,094
Accounts receivable 2 6,688,372 2 7,584,670 1 9,785,012 12,134,507 15,469,222
Inventories 1 4,370,467 1 8,746,621 1 3,928,820 2 9,052,841 23,616,871
Advance to suppliers 3 7,307,230 3 4,174,816 3 4,792,293 2 8,327,067 41,990,703
Deposits - 1 5,829,974 1 2,739,510 1 2,683,880 -
Total current assets 8 7,984,058 1 05,977,981 9 9,256,366 9 0,831,174 87,831,890
Construction in progress 2 3,852,728 8 20,813 - - -
Property, plant and equipment, net 4 ,348,640 3 ,628,107 2 ,568,460 2 ,637,326 2 ,440,797
Total assets 1 16,185,426 1 10,426,901 1 01,824,826 9 3,468,500 90,272,687
Liabilities and stockholders' equity
Current liabilities:
Accounts payable - - - 1 65,231 6 ,823
Accrued payables 6 85,677 6 84,332 7 70,496 7 98,436 -
Convertible notes payable, net 2 ,147,868 2 ,268,000 1 ,911,353 1 ,508,135 1,104,974
Advance from customers - - - - 1 ,415,444
Taxes payable 3 ,413,994 4 ,048,948 4 ,040,375 2 ,455,223 4 ,106,679
Other current liabilities - - - - 5 01,869
Total current liabilities 6 ,247,539 7 ,001,280 6 ,722,224 4 ,927,025 7 ,135,789
Total liabilities 6 ,247,539 7 ,001,280 6 ,722,224 4 ,927,025 7 ,135,789
Stockholders' equity
Common stock 7 ,008,712 7 ,008,712 7 ,008,712 7 ,008,712 6 ,151,294
Additional paid-in capital 1 ,528,180 1 ,528,180 1 ,528,180 1 ,528,180 1 ,528,180
Retained earnings 8 9,654,719 8 2,992,579 7 4,233,130 6 8,742,653 66,175,755
Accumulated other comprehensive income 1 1,746,276 1 1,896,150 1 2,332,580 1 1,261,930 9 ,281,669
Total stockholders’ equity 1 09,937,887 1 03,425,621 9 5,102,602 8 8,541,475 83,136,898
Total liabilities and stockholders’ equity 1 16,185,426 1 10,426,901 1 01,824,826 9 3,468,500 90,272,687
RedChip Visibility | 13 | Longwei Petroleum Investment Holding Limited
Longwei Petroleum Investment Holding Limited (LPIH)
FINANCIAL STATEMENTS 3RD QUARTER UPDATE
Statement of Cash Flows
All Figures in US$
FY Ending June 30, 3QFY09 2QFY09 1QFY09 4QFY08 3QFY08
Operating activities
Net income 6 ,662,140 8 ,759,449 5 ,490,477 2 ,581,403 5,064,109
Adjustments to reconcile, net
Depreciation 9 2,735 1 00,210 9 6,466 8 9,119 89,964
Warrant expense - 2 54,697 3 82,045 3 82,045 382,045
Stock issued for registration withdrawal penalty - - - 8 43,500 -
Non-cash rent expense - - - 1 50 -
Accrued interest 4 7,869 1 01,950 2 1,173 2 1,116 20,999
Accounts receivable 8 76,482 ( 7,858,232) ( 7,526,834) 2 ,604,826 (900,197)
Inventory 4 ,328,710 5 ,041,960 5 ,420,116 ( 4,967,712) 1,079,048
Advance to suppliers ( 2,952,933) 1 ,019,741 ( 6,716,527) 1 4,727,260 (5,345,825)
Prepaid taxes - - - 1 ,475,158 (1,475,158)
Other current assets - - - ( 68,714) -
Deposits - - - ( 11,887,587) -
Other receivable 1 5,809,261 ( 3,151,690) 7 3,639 - -
Accounts payable and accrued expenses ( 395,598) ( 192,671) - 7 88,849 (234,243)
Other payable - 1 05,230 ( 105,230) - -
Advance from customers - - - ( 1,406,059) (33,753)
Taxes payable ( 630,944) 2 0,424 1 ,560,129 ( 3,222,790) 1,269,394
Other current liabilities 2 ,425 5 ,397 1 3,654 ( 341,535) 256,609
Net cash provided by (used in) operating activities 2 3,840,147 3 ,667,465 ( 750,892) 1 ,619,029 172,992
Investing activities
Purchase of equipment ( 23,849,489) ( 1,993,401) ( 721) ( 10,938) (1,732)
Net cash used in investing activities ( 23,849,489) ( 1,993,401) ( 721) ( 10,938) (1,732)
Effect of exchange rate changes in cash ( 13,569) ( 42,895) 1 29,465 2 69,694 (2,252,562)
Net increase (decrease) in cash and cash equivalents ( 22,911) 1 ,631,169 ( 622,148) 1,877,785 (2,081,301)
Cash and cash equivalents, beginning of the period 9 ,641,900 8 ,010,731 8 ,632,879 6,755,094 8,836,395
Cash and cash equivalents, end of the period 9 ,618,989 9 ,641,900 8 ,010,731 8 ,632,879 6,755,094
RedChip Visibility | 14 | Longwei Petroleum Investment Holding Limited
Longwei Petroleum Investment Holding Limited (LPIH)
PROJECTED FINANCIAL STATEMENTS 3RD QUARTER UPDATE
RedChip

[stupidgame]

Hier ein Kommentar von Glen Bradford auf "The Street.com". Der scheint aus dem Umfeld von Jim Cramer aus "Cramers Mad Money" zu kommen.
Das Ganze scheint dem Kurs ziemlich Beine zu machen. Der prophezeit 3$ bis Halloween.
Naja, bleiben wir mal auf dem Teppich. Wenn sie in 12 Monaten da stehen würden, dann wäre ich auch zufrieden.

Longwei Petroleum(LPIH.OB Quote) is a stock trading around $1.40 with forecast 2011 earnings per share of 80 cents and a trailing 12-month EPS of 30 cents. I would argue that this is a no-brainer. I've told you about it before. James Altucher reportedly likes this one too. This company was among the 35 that made presentations at RedChip's New York Equities Conference on Oct. 1. Speaking of that conference, it offered a perfect example of what I consider to be an ignorant investor. Somebody asked, "Why are you guys growing at 30%-plus and carrying a forward P/E of around 2?" I wanted to interrupt, but I let the presenter field the question. My response would have suggested that the abundance of uninformed people like the one who asked the question offers the opportunity of a lifetime for savvier investors. It will be interesting to see if Longwei is able to uplist in the next year without having to reverse split. Hey -- it could happen. My uplisting target is Amex. I've informed my Financial Statement Analysis class that I believe this stock will see $3 by Halloween. That's a 100% return in a month.
http://www.thestreet.com/story/10608305/2/chinese-micro-caps…

s.

[gogo87]

Ist ja der helle Wahnsinn was hier heute abgeht liegt das nur an dem Artikel oder ist das die Vorbereitung auf die Zahlen die ja bald kommen müssten?

[stupidgame]

Antwort auf Beitrag Nr.: 38.142.405 von gogo87 am 08.10.09 18:43:01

Hallo gogo87!

Eigentlich sollten im Jahresbericht keine Überraschungen kommen.
Interessant vielleicht noch die aktuelle Aktienanzahl. Bin gespannt, ob die Info vom Transfer-Agent (82m) stimmt. 5m wären dann noch dilutive Aktien aus dem Convertible, etc.
Der Kursanstieg ist wohl ein Mix aus dem Artikel, der Investorenkonferenz und vielleicht dem Fakt, dass China nach einer Feiertagswoche ab morgen wieder arbeitet - inklusive der chinesischen Anleger.

Gruß
s.

[saltamonte]

Antwort auf Beitrag Nr.: 38.142.405 von gogo87 am 08.10.09 18:43:01

mit ziemlicher sicherheit diese "mad money cramer show" - seine jünger sind einfach crazy - ich hab mal bei einem biotech stock (hgsi) gesehen was die mit dem unternehmen gemacht haben als der cramer clan (im nachhinein unberechtigt) negativ eingestellt war - die aktie ist in grund und boden gestampft worden - bis auf 0,50usd vor ein paar monaten - jetzt steht diese bei rund 19usd (!)

also marktmacht haben die schon... mit allen vor- und nachteilen

[stupidgame]

Wer die Cramer Show noch nicht kennt, hier mal ein Beispiel...
http://www.youtube.com/watch?v=rvKfFmeKffw

(Flash-Player)

[gogo87]

Ganz schön abgefahren die show...:-)

Was denkt ihr wie hoch der Kurs kurzfristig noch steigt?Oder gibts jetzt ein seitwärtslaufen?

Denke 2,25$(Einstandspreis) müssten wir schon noch relativ zügig packen oder was meint ihr?

[stupidgame]

Antwort auf Beitrag Nr.: 38.143.180 von gogo87 am 08.10.09 20:16:32

Was denkt ihr wie hoch der Kurs kurzfristig noch steigt?Oder gibts jetzt ein seitwärtslaufen?

Die Oberkante des Aufwärtskanals seit Juni läuft bei ~1,93$. Das sollte erstmal der Deckel sein. Es sei denn, der Kurs geht in einen höheren Anstiegswinkel über. Die Wahrscheinlichkeit ist aber unter 50%, würde ich sagen. Kurzfristig ist das Papier überkauft. +40% in 2 Tagen.
Auf alle Fälle würde ich aktuell hier nicht noch kaufen. Für Neueinsteiger ist momentan das Chance-Risiko Verhältnis kurzfristig zu schlecht.

s.

[gogo87]

Bis wann rechnet ihr mit dem uplisting an der nasdaq bzw amex

[stupidgame]

Antwort auf Beitrag Nr.: 38.143.737 von gogo87 am 08.10.09 21:36:50

Bis wann rechnet ihr mit dem uplisting an der nasdaq bzw amex

Ich denke mal, innerhalb der nächsten 12-15 Monate. Der User RayNar hat da noch etwas mehr Erfahrung als ich.
Nach meiner Meinung sind die "Noch-Hinderungsgründe" einmal der Minimum-Bidpreis. Der sollte wohl 3$ betragen. Unter bestimmten Voraussetzungen reichen wohl auch 2$. Dafür müssen dann aber andere Punkte besser erfüllt werden.
Was momentan sicher auch noch das Amex-Listing blockiert, ist der sehr hohe Aktienanteil in festen Händen. Der Streubesitz muss auch einen bestimmten Mindestwert haben. Den erfüllt LPIH aktuell noch nicht. Das dürfte kommen, wenn z.B. das Management, wie beabsichtigt, einen Teil-Exit macht - also von ihrem Aktienpaket was verkauft.
Wie die aktuelle Share-Struktur aussieht wird man, denke ich, im Jahresbericht sehen.

s.

[RayNar]

Hallo zusammen!

Schön zu sehen, daß hier wieder ein wenig Diskussionen aufkommen

Glen Bradford ist mir in den letzten Wochen sehr oft über den Weg gelaufen. Er hat sich momentan auf chinesische Smallcaps spezialisiert, die schön am wachsen sind und gute Kennzahlen haben. Mir persönlich ist Cash und besonders auch der operative (+free) Cashflow wichtig, der bei vielen "Wachstumsgranaten" trotzdem negativ ist. OPAI und CKGT hat er zB auch auf seiner Liste.

Das mit Cramer ist mir nur ein wenig aufgefallen, soweit ich es mitbekommen habe, hat er seine "Popularität" von diversen Aktienseiten, wo er in irgendeiner Rangliste in den Top 1% oder so rangiert. Aber egal..

Longwei gefällt mir weiterhin super. Der einzige Negativpunkt ist die schlechte Präsentation kürzlich mit der bekanntabe des dubiosen Kredits. Das Thema hatten wir hier aber schon.

Bezüglich Uplisting:
Als Faustregel kann man sagen, das bei AMEX der Aktienpreis über 3 Dollar und bei NASDAQ über 4 Dollar liegen muß. Beide haben noch weitere Beschränkungen (aus dem Kopf):
- Anzahl der Aktionäre über x Personen (200 waren es glaube ich)
- Durchschnittliches Volumen über x Aktien pro Tag
- Der letzte Jahresbericht muß testiert vorliegen
- und das Board muß aus x vielen unabhängigen Personen bestehen.

Alles aus dem Kopf, ich hatte mal eine schöne Übersicht gefunden, wo alles tabellarisch dargestellt wurde. Meistens liegt es wie gesagt am Kurs.

Wohin Longwei laufen kann? Ich möchte gerne sehen, daß die Expansion ordentlich über die Bühne geht, dann kann mich auch der evtl. Einmaleffekt nicht stören. Mal sehen, ob noch Aktien ausgegeben werden, sobald der Kurs ansteigt..

[RayNar]

Antwort auf Beitrag Nr.: 38.151.785 von RayNar am 09.10.09 23:23:20

Hab die Tabelle nicht gefunden, hier aber 2 Links mit den Daten. Ich lag teilweise ganz gut, teilweise weniger gut

http://www.amex.com/equities/howToLst/eq_HTL_ListStandards.h…

http://www.investopedia.com/ask/answers/121.asp

[stupidgame]

Antwort auf Beitrag Nr.: 38.151.814 von RayNar am 09.10.09 23:34:02

Hallo RayNar!

Vielen Dank für die Hilfe. Ich wusste es doch, dass man sich da sicher an Dich wenden kann.
Ich hatte auch mal gute Links gefunden, was die listing requirements für NYSE, NASDAQ und AMEX angeht. Hatte aber verpennt, sie nach dem posten zu speichern.
Was Du zu Deinen bevorzugten Voraussetzungen schreibst, um in einen China-Smallcap zu investieren, da kann ich Dir voll zustimmen.
Diese Kategorien gelten für mich im Prinzip für alle Investments.
Hoher Cashbestand und hoher Free-Cashflow begrenzt schonmal mindestens das Risiko weiterer Kapitalaufnahmen. Sowas ist mittelfristig immer förderlich für die Kursentwicklung. Weil die Marktteilnehmer nicht mit einer Aktienschwemme rechnen müssen und auch nicht mit Value drückenden Schulden, die auf Grund der Zinszahlungen auch noch Kostenfaktor sind. Also potenzielle Gewinne schmälern.
Worauf man bei den OTCBB-Stocks speziell immer besonders achten muss - habe ich über die Jahre gelernt - ist das ganze potenziell dilutive Zeugs. Preferred Shares aller Kategorien, Convertible Debt vor allem - weniger auch dann Warrants und Options. Wenn von dem Zeugs zuviel in Umlauf ist, kann das jeden Kurs killen. Es gibt OTC-Firmen, da ist die voll verwässerte Aktienanzahl 11x so hoch, wie die unverwässerte, sicher gibt es auch welche, die noch drüber liegen.
Bei solchen Aktien kann man nur sagen: Finger weg!
Es gibt auch China-OTC Firmen, die z.T. mehr als 20mUSD convertible debt haben. Auch wenn die ein hohes Brutto-Cash ausweisen bin ich in solchen Fällen eher vorsichtig mit dem Investieren. Habe schon öfter erlebt, das trotzdem gewandelt und verwässert wurde, obwohl eine Firma eigentlich genug Cash zur Tilgung gehabt hätte.

Gruß & schönen Sonntag noch
s.

[gogo87]

@Raynar
zu CKGT was erwartest du dir da für ein Kursziel sind 0,31 cent EPS realistisch?Bist du investiert wäre super wenn du mir dazu kurz helfen könntest

[stupidgame]

[RayNar]

http://www.finanznachrichten.de/nachrichten-2009-10/15199287…

14.10.2009 17:29
Longwei Petroleum Announces Record Revenue and Earnings for Fiscal 2009 Year-End


TAIYUAN CITY, China, Oct. 14 /PRNewswire-Asia-FirstCall/ --

-- Revenue up 37% Year-Over-Year to $196,811,000

-- Net Income up 28% Year-Over-Year to $26,549,000 or $0.35 EPS (excluding
one-time non cash items)

-- Shareholders Equity Increased 30% Year-Over-Year from $88,541,000 to
$114,923,000

-- Book Value Increased 21% from $1.21 per share to $1.50 per share
Year-Over-Year


Longwei Petroleum Investment Holding Ltd. (BULLETIN BOARD: LPIH) , announced today its financial results for the full year fiscal 2009 ended June 30, 2009.

Chairman and CEO, Mr. Cai Yongjun, stated: "I am very pleased with our financial results for fiscal 2009. Our fuel distribution business continues to grow at a rapid pace. The rapid industrial growth in the Shanxi province of China where we operate combined with the expansion of our storage capacity from 50,000 metric tons to 120,000 metric tons will make us the largest non-government owned fuel distributor in our province. I am very bullish on our future and believe that we will deliver double-digit revenue and earnings growth in fiscal 2010 and beyond."

The Company reported revenue of $196,811,000 for the fiscal year ended June 30, 2009, up 37% from $143,788,000 in fiscal year 2008. Net income (excluding one time non-cash items) grew 28% year-over-year to $26,549,000 or $0.35 EPS, up from $0.28 EPS in the prior-year period. EBITDA in fiscal 2009 was $31,575,000, up from $30,781,000 from the same period last year. Net income grew 5% to $21,777,000 or $0.28 EPS compared to $20,715,000 or $0.28 EPS in fiscal 2008. Though gross margins decreased from 26% to 20% year-over-year due to costs associated with the buying and selling of its fuel inventory, net margins remained strong at 11% or 13% (excluding one-time non cash items).

Additionally, shareholders equity increased 30% year-over-year from $88,541,000 to $114,923,000. Book value increased 24% from $1.21 per share to $1.50 per share.

Future Outlook:

Chief Financial Officer Jim Crane stated: "We expect to close our capital raise of $10 million to $15 million in the very near future. I will add that this capital raise is not a registered offering. This capital raise will allow us to move forward with inventory purchases for the new Gujiao City storage facility and enable the Company to begin capturing new industrial accounts in Gujiao City, which we expect will result in significant revenue and earnings growth in fiscal 2010. We have conservatively estimated the Gujiao facility will add approximately $40 million in revenue and approximately $6 million to net income for the fiscal year ending June 30, 2010. This facility is expected to begin operations in January 2010 and will service large industrial plants in Shanxi province, which are in close proximity to the new facility.

We expect EBITDA of approximately $47 million in fiscal 2010, which equates to EBITDA per share of approximately $0.50. The estimated net income for fiscal 2010 is expected to be approximately $31 million.

We are projecting revenue of approximately $449 million in fiscal 2011, net income of $76 million, and earnings per share of approximately $0.80 per share."

[stupidgame]

Antwort auf Beitrag Nr.: 38.177.439 von RayNar am 14.10.09 17:40:00

Danke @RayNar.
Ich habe das 10-K Filing noch nicht gelesen. Nur kurz geschaut, die unverwässerte Aktienanzahl per gestern betrug 83m Stück. 1 Mio. mehr als meine Info war. Liegt also praktisch wie erwartet.

Hier der Link zum kompletten Bericht:http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?F…

s.

[kockar]

[RayNar]

Über die etwas fragwürdige KE bei Longwei wurde bis jetzt leider nicht diskutiert. Einiges unter Kurs, Vorzugsaktien mit hoher Verzinsung und dazu noch Warrants. Hatte noch keine Zeit die Details anzuschauen, aber im Endeffekt dürfte das Fazit so aussehen: Die Bedingungen der KE waren schlecht, die Zukunftsaussichten bleiber aber weiter gut und konkretisieren sich.

29.10.2009 22:12
Longwei Petroleum Investment Holding Announces Closing of Private Placement for $14.8 Million / Capital Used to Establish Inventory for New Storage Facility Which Is Expected to Add $40 Million in Revenue and $6 Million in Net Income

TAIYUAN CITY, China, Oct. 29 /PRNewswire-Asia/ -- Longwei Petroleum Investment Holding Ltd. (BULLETIN BOARD: LPIH) ("Longwei"), announced today that it has completed a $14.8 million private placement with accredited investors to provide funding for the completion of its Gujiao Oil Depot facility located in Gujiao City, Shanxi Province, China. The company intends to use the proceeds to purchase inventory and ancillary equipment for the Gujiao facility that has 70,000 metric tons of capacity for fuel oil storage, and to finalize the railway connection to the depot.

The additional facility is expected to come online January of 2010 and is expected to generate approximately $40 million in revenue and $6 million in net income during the fiscal year ending June 30, 2010.

"This funding will allow us to complete construction at our Gujiao oil storage facility, which is strategically located in a heavy industry area where there is strong demand for fuel," said Cai Yongjun, chairman and chief executive officer of Longwei. "Our new facility will position us to better serve the large industrial plants, mining operations, and transportation fleets operating in the Gujiao industrial zone."

Under the structure of the private placement, Longwei sold 13.5 million Series A Convertible Preferred Shares and Warrants to 36 accredited investors. Longwei will be required to file a registration statement for the securities sold in the private placement within 60 days. National Securities Corporation, a subsidiary of National Holdings Corporation, acted as lead Placement Agent in the transaction.

The securities issued in the private placement have not been registered under the United States Securities Act of 1933 as amended or the securities laws of any other jurisdiction. Until they are registered, these securities may not be sold by investors in the United States, except pursuant to an effective registration statement or an applicable exemption from the registration requirements. For more detailed information on this financing, refer to Longwei's Current Report on Form 8-K which will be filed with the Securities and Exchange Commission.

[RayNar]

Post aus Yahoo-Board über die Finanzierung:


112,6 mio shares fully diluted - FINAL CONFIRMATION

We have final confirmation of fully diluted shares after "Crane's excellent financing".

Currently 84 mio shares outstanding.

plus dilution 13,5 mio from issued new preferred convertible shares, issued at 1,1 $

plus additional 13,5 mio ordinary shares coming soon from warrants with strike price 2,25$

plus 1,35 mio shares coming soon from warrants issued to placement agents (national securities corp and moodys capital)- exerciseable at $2.255


Total 112,3 mio shares if considered fully dilution so dilution accounted for +34% (!) number of shares. unbelivable dilution considering financial condition of LPIH. Crane you......MF!

Just for confirmation from official Red Chip report on LPIH:

AT A GLANCE
NOVEMBER 9, 2009 | TARGET PRICE: $4.00 | RATING: STRONG BUY
Longwei Petroleum Investment Holding Limited
(OTCBB: LPIH)
RESEARCH NOTE
Longwei Petroleum Investment Holding Ltd.
No. 30 Guanghua Street, Xiaojingyu Xiang,
Wanbailin District Taiyuan City
Shanxi Province, Shanxi, China 030024
Ph: 86-351-6527-366
www.longweipetro.com
TICKER LPIH
SECTOR OIL SERVICES
FISCAL YEAR JUNE
RECENT PRICE $1.68
TARGET PRICE $4.00
MARKET CAP $164.7M
52 WEEK HIGH $2.50
52 WEEK LOW $0.20
BASIC SHARES OUT 98.1M

FD SHARES OUT 112.6M

FY2009 REVENUES $196.8M
FY2009 NET INCOME $21.8M

[RayNar]

Kleiner Text von mir zu LPIH:

Longwei Petroleum bekommt von der Anhängerschaft=Aktionären weiterhin auf die Mütze für ihren miserablen CFO. Er hatte vor einem Monat nicht nur mehrere Präsentationen verhauen, die sogar mit einer Mittelung korrigiert werden musste, sondern nun auch noch eine sehr schlechte Finanzierung durchgezogen, in der Aktien weit unter Kurs ausgegeben wurden. Eigentlich ein Grund auszusteigen, aber die Zukunft für den Preis ist einfach zu gut. Die Benzinpreise wurden erneut in China angehoben und die anstehende mehr als Verdoppelung des Umsatzes ist für mich Grund genug dabei zu bleiben.

[toska110]

Antwort auf Beitrag Nr.: 38.426.603 von RayNar am 20.11.09 14:39:27

Longwei könnte man momentan pushen ohne Ende. In China gibt es zur Zeit ca. 30 PKWs auf 1000 EW. Bis zum Jahr 2050 sollen es 250/1000 sein und die jährliche Kilometerleistung soll sich verdreifachen. D.h. wir hätten bis 2050 ca. einen 24x so hohen Treibstoffverbrauch. Sehr mechanisch gedacht hätten wir dann eine Ver -24-fachung des Kurses, entspräche also für 2050 einem Kurs von ca. 55 €....

GT

[toska110]

Antwort auf Beitrag Nr.: 38.514.022 von toska110 am 04.12.09 22:41:19

Quelle:

http://www.spiegel.de/wissenschaft/natur/0,1518,527893,00.ht…

[toska110]

Antwort auf Beitrag Nr.: 38.514.031 von toska110 am 04.12.09 22:43:31

http://blog.redchip.com/index.php/2009/headline/redchip-rais…

[BrokerPK]

na sieht doch sehr gut aus.

KGV von 3-4....das eröffnet selbst nach dem guten Kursanstieg noch einiges an Potential.

fundamental und chartechnisch sehr gute aussichten.

daher strong buy !!

[stupidgame]

Quartalszahlen, gestern Abend. PR-News während der Börsenzeit, 10-Q Filing nach Börsenschluss.
Kurz die Zahlen. Ausserdem der Hinweis, dass die voll verwässerte Anzahl der Aktien IMO bei über 120m stehen dürfte. Ausserdem wird der Wert der Warrants wohl auch zukünftig das Ergebnis beeinflussen. Es wird also auch hier v.a. auf das Non-GAAP Ergebnis - also das bereinigte - ankommen.
Marktkapitalisierung: 215mUSD (basic !!)
Quartalsumsatz: 71mUSD
Quartalsverlust: 12,4mUSD (pro Aktie -0,15$) / Non-GAAP Gewinn 9,6mUSD (pro Aktie 0,11$)
Cash: 12,5mUSD
Buchwert: 128mUSD (pro Aktie: 1,50$ - basic !!)
op. Quartals Cashflow: -10,6mUSD (der negative Cashflow hängt klar mit den Zahlungen an Lieferanten für das neue Tanklager zusammen)
KGV: GAAP negativ; Non-GAAP: 6,3 (basic !!) / KUV: 0,83 (basic !!) KBV: 1,7 (basic !!)

Das Gujiao Tanklager ist seit Januar voll in Betrieb, wie geplant. Es wird einen ERHEBLICHEN Umsatzbeitrag liefern. In der Anlaufphase Nov./Dez.2009 kamen von dort schon 8,5mUSD.
PR-News:http://finance.yahoo.com/news/Longwei-Petroleum-Announces-pr…

10-Q Filing:http://finance.yahoo.com/news/Longwei-Petroleum-Announces-pr…

MfG.
s.

[BrokerPK]

Antwort auf Beitrag Nr.: 38.958.018 von stupidgame am 17.02.10 12:15:41

entscheidend wird ja m.E. nach sein dass die anberaumten Projekte in 2010 soweit umgesetzt werden und z.B. die große Raffinerie an den Start geht.
Dann wird sich Longwei Ende des Jahres in ganz bestimmt wesentlich höheren gefilden bewegen als heute.

weitere Meinungen?

[RayNar]

Wie angekündigt hat LPIH die Prognosen angehoben, u.a. wegen einer Benzinpreiserhöhung in China, die einen schönen Einmaleffekt beschert.

Longwei Petroleum expects higher fiscal Q3 and fiscal year revenues
Wednesday, 21 Apr 2010

Longwei Petroleum Investment Holding Ltd a leading oil and fuel wholesaler and distributor operating in Shanxi Province, China announced that it expects to generate an additional USD 3.4 million each in revenue, gross profit and net profit from its current gasoline and diesel inventories and a corresponding increase in both gross profit and net profit from the sale of current inventory of approximately 5% as a result of the latest Chinese government mandate to raise the benchmark retail price of diesel oil and gasoline.

The National Development and Reform Commission announced last Tuesday it would raise prices of gasoline and diesel both by CNY 320 per tonne from April 14th 2010. The price rises translates into mark ups of CNY 0.24 for gasoline and CNY 0.27 for diesel per liter, the measurement used at service stations in China. This is the first such move in 2010.

International crude oil prices have been rising since March, reaching USD 87 per barrel on April 6th, the highest price for the last 18 months. At the start of 2009 China adopted a new oil pricing mechanism that allows the NDRC to adjust retail fuel prices when the international crude oil price changes more than four percent over 22 straight working days. The last adjustment occurred on November 10th 2009. The decision was also made based on domestic economic conditions, market demand and supply and oil consumers' ability to shoulder price rises, according to the valuation institution officer of NDRC.

Mr Cai Yongjun CEO of Longwei Petroleum said "Longwei has been increasing its gasoline and diesel inventory over the past several months in anticipation of this increase in pricing. We are pleased to report this important event, which is a one time increase in our projected net profits for the 2010 fiscal year of 16%. As of the date of the price increase Longwei had a total of 34,126 tonnes of gasoline inventory and 35,544 tonnes of diesel inventory."

[toska110]

...nach den bekannten Daten müsste man sich bei den Kursrückgängen fast überlegen, ob man nicht einsteigt bzw. nachkauft.
Doch ein derartiger Einbruch heute bei so hohen Umsätzen lässt auf einen Hund schließen, der irgendwo begraben sein muss.
@ raynar: leider kann ich dir auch keine neuen Impulse geben, ich finde keine neuen Nachrichten zu Longwei. Den Kursrückgang allein auf Gewinnmitnahmen zurückzuführen scheint mir nicht schlüssig. Vielleicht ists der chin. Gesamtmarkt...
"Das meiste was wir in unserem Leben tun ist raten und deuten" (Zitat unbekannt)

GT

[RayNar]

Es sind wohl ein paar Optionen ausgeübt und sofort am nächsten Tag verkauft worden, heisst es in einem amerikanischem Forum.
Kein Grund zur Sorge, bleibe hier einfach dabei

[stupidgame]

Seit gestern notiert die Aktie an der AMEX. Es ist also ein wichtiger Schritt gelungen mit einem Uplisting. Das NEUE KÜRZEL ist LPH.
Longwei Petroleum Approved for NYSE Amex Listing
http://finance.yahoo.com/news/Longwei-Petroleum-Approved-prn…

s.

[RayNar]

@Longwei Petroleum
.. hat heute Nacht ihre Jahreszahlen veröffentlicht

Kurs 2.15
Aktien 93.27 (FD 105,31)
MCap 200.53
Cash 10.13

KUV 0.58 (Umsatz +74% zum Vorjahr)
KBV 1.12
EpS 0.39 (FD) -> KGV 5.5
EpS 0.48 (Basic) -> KGV 4.48
Gewinn ohne Einmaleffekte: 50,25 Mio, EpS 0.54 -> KGV 3.98

Op. Cashflow über das Jahr negativ mit -6,9 Mio, aufgrund von 19,6 Mio Inventar und 38,6 Mio Vorauszahlung an Raffinerien. Beides liegt an der erfolgreichen Eröffnung ihrer 2. Anlage und der damit verbundenen Aufstockung an Benzin und Co.

Wichtig: Auf der 2. Anlage befinden sich auf Tanks, die mit 40k Tonnen Teer befüllt werden und bisher nicht voll genutzt wurden.


/e PR ist jetzt auch raus:

29.09.2010 15:48
Longwei Petroleum Announces Record Revenue and Earnings Results for Fiscal 2010

TAIYUAN CITY, China, Sept. 29 /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 fiscal year ended June 30, 2010.

Fiscal Year 2010 Financial Highlights: (Year-over-Year Results)
-- Revenues increased 74% to $343.2 million
-- Net Income increased 131% to $50.2 million
-- EPS increased 39% to $0.39 per Fully Diluted Share
-- Adjust EPS increased 61% to $0.45 per Fully Diluted Share (Adjusted net of derivative and financing expenses)
-- Working Capital increased $56.0 Million or 72% to $134.2 Million

"I am very pleased with our results for the 2010 fiscal year, especially the quick ramp-up of sales at our Gujiao facility in its first six months of operations," stated Mr. Cai Yongjun, Chairman and CEO of Longwei. "We exceeded our overall revenue guidance of $310.8 million by over 10%, and we generated $50.2 million in net income. We look forward to continued strong demand from both the industrial sector in our region, as well as strong consumer demand from the rapid rise in private automobile usage in China as a whole. We expect fiscal 2011 to be another record year as we continue to penetrate the market for our products and experience the benefits of a full year of revenue generation from the Gujiao facility."

[stupidgame]

Ist in den HALTER USX CHINA INDEX aufgenommen worden.
Zitat:
Longwei Petroleum Added to the Halter USX China Index

Press Release Source: Longwei Petroleum Investment Holding Ltd. On Monday October 4, 2010, 11:52 am EDT

TAIYUAN CITY, China, Oct. 4 /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"), announced today that it has been added to the Halter USX China Index, as of September 30, 2010.

The Halter USX China Index, created by the Halter Financial Group and calculated and distributed by the NYSE Arca, consists of 192 companies whose common stock is publicly traded in the United States and the majority of whose business is conducted in the PRC.

For a company to be included in the Halter USX China Index it must conduct a majority of its business in the PRC, maintain an average market cap of over $50 million for the preceding 40 trading days, trade on the NYSE, Amex or NASDAQ and be approved by the USX Selection Committee. For more information please visit www.usxchinaindex.com.

Mr. Cai Yongjun, Chairman and CEO of Longwei, commented, "We are very proud to be added to the Halter USX China Index. We just announced record results for the fiscal year ended in June, and our inclusion in this index is yet another confirmation of the soundness of our business model and strategy execution. Together with our solid operational performance, we expect the addition to the Halter index to boost visibility and attract greater investor interest in the Company."

For the third quarter 2010, the Halter USX China Index was up 16.64%. During the same period the Dow Jones Industrial Average increased by 10.37% while the NASDAQ finished up 12.30%.

[RayNar]

16.11.2010 15:55
Longwei Petroleum Announces Record Revenue and Operating Results for First Quarter Fiscal 2011

Management to Host Earnings Conference Call on Wednesday, November 17, 2010 at

9 a.m. EST

TAIYUAN CITY, China, Nov. 16, 2010 /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 record revenue and operating income for the three months ended September 30, 2010.

First Quarter Fiscal Year 2011 Financial Highlights: (Year-over-Year, 3-Month Results)

-- Revenues increased 91% to $113.3 million, compared with $59.4 million
-- Operating Income increased 86% to $20.5 million, compared with $11.1 million
-- Adjusted* Net Income increased 84% to $15.2 million, compared to $8.3 million
-- Adjusted* Basic EPS increased to $0.16 per share and Diluted EPS to $0.13 per share, compared to $0.10 per share (Basic and Diluted EPS) for the three months ended September 30 2010
-- Net Income after $10.4 million non-cash charge for the change in the warrant derivative liability associated with the October 2009 financing decreased 32% to $4.8 million, compared to $8.3 million
-- Basic GAAP EPS decreased to $0.05 per share and Diluted GAAP EPS to $0.04 per share, compared to Basic GAAP EPS of $0.09 and Diluted GAAP EPS $0.08 for the three months ended September 30, 2009
-- Current assets increased 11%, or $15.3 million, to $159.3 million; no long-term debt
-- Tangible book value was $186.3 million, or $1.63 per diluted share, as of September 30, 2010
-- The new Gujiao fuel storage depot contributed $41.5 million in revenues for the first quarter(*Pro forma non-GAAP adjustment net of non-cash derivative charge)

"We experienced another record quarter of revenue growth and operating profits. The non-cash charge for the change in the warrant derivative liability related to our October 2009 financing and has no impact on our operations," stated Michael Toups, CFO of Longwei. "We have continued to improve our working capital management to enhance our inventory level flexibility and purchasing capability to react to changes in market prices. We are experiencing strong demand from our growing customer base."

[RayNar]

13.12.2010 23:54
Longwei Petroleum Files S-3 Registration Statement

TAIYUAN CITY, China, Dec. 13, 2010 /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 it has filed an S-3 Registration Statement with the United States Securities and Exchange Commission. The S-3 Registration Statement includes the registration of all outstanding warrants and a shelf registration for the potential new issuance of up to $50 million of the Company's securities.

The Company has filed to register the outstanding warrants associated with its October 2009 financing (the "Financing"), including warrants issued to the placement agents and warrants already exercised for cash. The Company currently has 11,592,353 warrants outstanding with an exercise price of $2.255 per share.

"By registering all of our outstanding warrants associated with the Financing, we have access to additional capital to expand our business plans. The warrants can only be exercised 'for cash' when there is an effective registration statement. These outstanding warrants are already factored into our fully diluted EPS," stated Michael Toups, CFO of Longwei. "Since we are qualified as an exchange-listed company, we have also included in the filing a shelf registration for up to $50 million so that we are prepared to react to accretive opportunities as our share price builds value."

Without an effective registration statement, the warrants could be exercised for cash or on a cashless basis, which provided a formula to exercise the warrants by exchanging additional warrants for fewer shares based on the trading price. (Additional information on the cashless exercise can be found in the Company's Current Report Form 8-K, filed with the SEC on November 2, 2009.) At the time of the Financing, there were 14,849,202 warrants issued. To date, 1,295,030 warrants have been exercised for 1,295,030 common shares and $2.9 million in cash proceeds to the Company. An additional 1,961,819 warrants have been exercised on a cashless basis for 647,955 common shares.

The shelf registration included in the S-3 refers to the registration of additional securities, which may be issued by the Company at a price and date to be determined by the Company. Under the shelf registration, the registration of a new issue can be prepared up to two years in advance, so that the issue can be offered quickly as soon as market conditions are favorable or suitable use of proceeds have been identified by the Company. By using a shelf registration, the Company can fulfill its registration-related procedures beforehand and go to market quickly when conditions become more favorable.

"We are positioning the Company to take advantage of strategic opportunities we believe will become available to us in 2011. Our last acquisition has proven to be very successful and we want to be prepared as we position the Company to expand our offering and customer base," stated Mr. Cai Yongjun, Chairman and CEO of Longwei.

About Longwei Petroleum Investment Holding Limited

Longwei Petroleum Investment Holding Limited is an energy company engaged in the storage and distribution of finished petroleum products in the People's Republic of China. The Company's oil and gas operations consist of transporting, storing and selling finished petroleum products, entirely in the PRC. The Company's headquarters are located in Taiyuan City, Shanxi Province. The Company has a storage capacity for its products of 120,000 metric tons located at storage facilities in Taiyuan and Gujiao, Shanxi. The Company's Taiyuan and Gujiao facilities can store 50,000 metric tons and 70,000 metric tons, respectively. The Company is 1 of 3 licensed intermediaries in Taiyuan and the sole licensed intermediary in Gujiao that operates its own large-scale storage tanks. The Company has the necessary licenses to operate and sell petroleum products not only in Shanxi but throughout the entire PRC. The Company's storage tanks have the largest storage capacity of any non-government operated entity in Shanxi.

[leutzsch2001]

news? Es wurde recht ruhig hier in der letzten Zeit...

[Kursziel1000]

Antwort auf Beitrag Nr.: 41.298.612 von leutzsch2001 am 31.03.11 18:18:12

Zahlen kommen am Donnerstag vorbörslich

[Kursziel1000]

Na dann sind sie ja doch schon die Zahlen:
Press Release Source: Longwei Petroleum Investment Holding Ltd. On Tuesday May 17, 2011, 9:00 am
http://finance.yahoo.com/news/Longwei-Petroleum-Announces-pr…

TAIYUAN CITY, China, May 17, 2011 /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 months ended March 31, 2011.

Third Quarter Fiscal Year 2011 Financial Highlights: (Year-over-Year, 3-Month Results)

Revenues increased 23.4% to $119.6 million, compared with $96.9 million.
Operating Income increased 27.1% to $23.0 million, compared with $18.1 million.
GAAP Net Income Attributable to Common Shareholders increased 122.0% to $26.4 million, compared to $11.9 million.
Basic EPS increased to $0.26 per share and diluted EPS to $0.26 per share, compared to $0.14 per share basic and $0.12 diluted EPS for the three months ended March 31, 2010.
Non-GAAP* Net Income Attributable to Common Shareholders increased to $17.2 million, compared to $7.9 million.
Working capital, net of the non-cash warrant derivative liability, increased 39.6%, or $46.2 million, to $163.0 million. The Company has no long-term debt.
Tangible book value was $235.8 million, or $2.35 per share, as of March 31, 2011.
The Company's Taiyuan and Gujiao fuel storage facilities contributed revenues of $63.1 million and $51.3 million, respectively. Agency fees contributed $5.2 million to revenues.

[traumstrand]

Hallo, bin beim stöbern über diese Aktie gestolpert - eigentlich doch sehr robuste Zahlen, aber warum stürzt der Kurs dann so deutlich ab???



KGV dürfte doch irgendwo bei 2,5 oder 3 sein?!?

[RayNar]

Zum einen plant Longwei eine größere Akquisition (=ein weiteres Benzin/Diesel-Lager) zu stemmen, bei der noch einiges an Kapital benötigt wird. Das Management hat versprochen, nicht unter 3 USD eine Kapitalerhöhung (KE) durchzuführen, was aber aufgrund ihrer vergangenen KE zu sehr schlechten Konditionen niemand glaubt. Kredite sind nicht in Sicht.

Und der wichtigeren Grund, ganz kurz und trocken:
Momentan hopsen viele viele chinesische Aktien über den Jordan.

[BRBa]

[Ventrikel]

Hallo, jemand hier investiert?


Ich glaube, daß hier große Chancen nächstes Jahr bestehen.
Insbesondere, wenn sich das negative Sentiment gegenüber China-Aktien weiter aufhellt.

Book- Value etwa 3,40 Dollar. Insgesamt massiv unterbewertet, charttechnisch hochinteressant.


Meinungen?

Mfg Vent

[opina]

Nächste Betrugsbude aus China..nach Sino Forrest??

[Global-Player83]

wer gut in englisch ist den könnte folgender link interessieren:

http://seekingalpha.com/article/1092561-longwei-petroleum-th…

[opina]

http://peketec.de/trading/viewtopic.php?p=1336341#1336341

[joeycool]

Habe gerade auch den Artikel auf seekingalpha gelesen. Wow.
Der Wert ist erstmal tot.

Und traurigerweise reiht sie sich in viele anderen chinaaktien, die in den USA gelistet sind.

Ob die chinesisches Unternehmen, die in Deutschland gelistet sind, besser sind ???

[joeycool]

SO, jetzt wurde der Handel erstmal ausgesetzt um die Vorwürfe abzuklären.

[joeycool]

Bin mal gespannt, wie lange die Aktie vom Handel ausgesetzt wird.