PRVH Providential - neue Studie - 500 Beiträge pro Seite

[orawan]

Dear Friends and Shareholders of Providential,

Attached please find an English summary of the Research Report on our Company by Dr. Georg Hochwimmer of General Research GmbH, Munich, Germany. The original version is a comprehensive report in Germany, which is being distributed to the European investment communities.



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Company and Strategy
Providential Holdings, Inc. is a diversified holding company listed on the OTC-BB, Berlin, Frankfurt, and Munich stock exchanges. While the company originally was engaged in the financial services and corporate finance business, management changed the strategy late 2000 to build up a diversified holding company. Core focus of Providential as a holding company is the selective acquisition of attractive companies and assets in technology, capital and financial services, international markets and special situations. Adding other resources, mainly capital and management, and a strict controlling should speed up the businesses of the targets and should result in a strong growth of the mother company. Management is committed to build up shareholder value by increasing consolidated revenues into the 3 digit million dollar range just within the next years and turning around the company to a highly profitable entity.

Major subsidiaries
Providential Holdings, Inc. has already acquired several entities. ATC Technology Corp. manufactures and distributes mobile entertainment products for applications in cars, boats, and hotels. With a small screen attached to the back of any automobile headrest, one can view DVDs or play games by connecting X-BoxTM, Sony Playstation2TM, or Nintendo GamecubeTM. ATC’s products were already sold in North America, Denmark, Great Britain, and Panama both via car dealers and superstores, like Wal-Mart.

Nettel Holdings, Inc. (OTC-BB: NTTL, Price: US-$ 0.54) is a telephone company engaged in Voice-over-IP. Nettel provides long-distance telephony and proprietary VoIP services to over 40 countries. Additionally the company is engaged in international trading. Within the first nine months in 2003 revenues of Nettel were US-$ 649,875 compared to US-$ 56,744 in the corresponding period of the previous year. With US-$ 543,995 in revenues in the last 3 months, Nettel shows a strong growth with an increase of the gross margins to around 70%. Providential owns currently 2,250,000 common shares of Nettel, which reflect a market value according to the recent share price of US-$ 1.3 million.
ClearPass is a wholly-owned subsidiary of Providential and engaged in the security market. The company offers fingerprint technology to provide security and access control and also installation and maintenance services.
Touchlink Communications is a wholly-owned subsidiary and provides point-of-sale terminals and prepaid calling cards to a network of retailers, speciality chains, and non-profit organizations across the US. Touchlink has signed an agreement to provide the Korean American Grocer Association with POS terminals.
Providential Capital is a wholly-owned subsidiary and focussed on financial services and corporate finance for small- and micro-cap companies. The subsidiary also manages the holdings merger and acquisition activities.
Lexor Holdings (OTC-BB: LXRH, Price: US-$ 2.25) is specialized in the manufacturing and distribution of state-of-the-art luxury pedicure spas and other products for the beauty supply and beauty salon industries. Lexor expects revenues of more than US-$12 million in 2004 from internal growth, in addition to anticipated acquisitions of other businesses in the beauty care industry. Providential currently owns 1.5 million shares of Lexor which reflect a market value according to the recent share price of US-$ 3.3 million.
Provimex is a wholly-owned subsidiary and engaged on imports, exports, and distribution of industrial and consumer goods in the US. The current focus is on trading with Vietnam where the company has secured a major contract with the Ky Ha Chu Lai Development & Investment Company to provide industrial and consumer goods.
PHI Digital Corp. is a majority-owned subsidiary of Providential. The company operates as a distributorship for Xoceco, which is a public Chinese company headquartered in Xiamen and manufactures digital TV, LCD TV and super flat TV products with more than 6,000 employees. PHI expects revenues for next year of around US-$ 15 million.
American International University is a wholly-owned subsidiary of Providential and set up to operate as a holding company primarily engaged in for-profit post-secondary education. The company has signed an agreement to acquire 51% of Irvine College of Medical Sciences and is in the process of acquiring a surgery school and clinic in Southern California.

Management
The company is headed by an internationally experienced management team who is committed to build up a strong growing and profitable international holding company. Chairman & CEO Henry D. Fahman has more than 20 years of experience in general management, financial and investment management. Director Robert W. Stevenson has 30 years of experience as controller, CFO and other positions at Esterline Technologies Corp. (ESL) and Boeing. CFO Gene Bennett is President of Touchlink Communication and has more than 20 years of experience as CFO, controller, professor and consultant. CTO Tam Bui has more than 20 years of experience with Honeywell and TRW in manufacturing, communication and IT.

Financials
For the fiscal year ended June 2003 Providential reported revenues of US-$ 1,448,435 and a loss of US-$ 1,056,939. For the first quarter (ended September 2003) of the current fiscal year Providential reported unaudited revenues of US-$ 4.44 million and a profit of US-$ 0.05 per share. The revenue results from consulting and advisory fees of the Providential Capital division. Within the next quarters we expect a strong increase in sales basically of the anticipated growth of ATC Technology and other PHI subsidiaries. In total we assume consolidated revenues for the current fiscal year fairly above US-$ 50 million could be realized. Also, the holding should stay on profitability with earnings per share around US-$ 0.2.

Summary and Recommendation
Managed by an experienced team, Providential Holdings is well-positioned to realize a strong profitable growth within the next years and to build up an international holding company. With several very attractive positioned subsidiaries we see a leverage of risks while the holding participates both on the business of the subs and a potential increase of the share prices of the holdings in public vehicles due to their business performance. Since the company is aggressively advancing further acquisitions we expect even more growth potential. We are expecting positive announcements on this side within the next months. Associated with the increasing revenues of the subs distributable cash-flow may strengthen the company’s financials and acquisition power. The current market capitalization of just US-$ 18 million does not reflect this enthusiastic future outlook for the holding and the growth potential of most of the subs. We see a substantial upside on the share price associated with an increase in revenue and earnings within the next years. The risks associated with an investment into the shares of Providential are from our perspective quite moderate and basically associated with the overall development of the stock market for small-caps. From our point of view shares of Providential Holdings are a speculative investment for risk aware investors looking for a solid growth story without major risks on the development side of products. We initiate coverage of Providential Holdings with a SPECULATIVE BUY rating.

[MCGabriel]

Hier wird es in den nächsten Wochen krachen WIE SAU

[testersteron]

Wird es genauso krachen wie bei Deinen CPU-Aktien, McGabriel ?

[MCGabriel]

Ne vielleicht ein bißchen mehr als bei Lamp, seit 0.125 dabei

[testersteron]

Träum` weiter !

[kassier]

@ orawan

von wann und woher ist der Artikel ??

Danke---kassier.
-

[ACS]

pusht weiter ihr lemminge

[ACS]

[o.reiter]

an alle:
sprüche wie "ihr lemminge" usw. sind von usern, die absolut null ahnung haben!
ihr könnt es daran sehen, dass ihr nicht ein posting mit irgendwelchen fakten von diesen usern findet!
...nur dumme sprüche ohne inhalt. naja, wir waren ja auch mal jung... aber nicht so niveaulos

[orawan]

@kassier

Die Studie ist von General Research in München (Dr. Georg Hochwimmer) und vom 17.12.2003

[testersteron]

@o.reiter

Erst informieren (z.B. über Quellen von "heissen" Tips, andere Beiträge kritisierter Boardteilnehmer), dann denken, dann posten ... und zwischendurch mal an die eigene (Lemming-)nase fassen.