Gx Cleantech Discussion Threads

[gaffer35] 10/8/2015 16:41

6 Month results due any day. With the drop today there may have been a bit of a leak.

[caradog] 09/5/2015 22:39

Is that a plausible reason? A drop in revenue of that magnitude is equivalent to their top 10 customers going bust, or half their customers losing two thirds of their revenue. Is there really a collapse in shoe and apparel production in Fujian?

[grahamg8] 09/5/2015 19:20

Change of business model by shoe manufacturers to short run production as explained in the FY results RNS 16 March. We were told to expect 35% less revenue in 2015 and 50% less pbt. But that would still add to the cash pile before capex. The big questions are: do we trust CTEK to bounce back in 2016, and can the investment in the logistic park be made to work or at least recover the money already spent from the government?

[caradog] 08/5/2015 07:51

China's economy is not contracting, it's just growing at a lower pace. Adidas has just reported a 21% increase in revenue during the first quarter (in local currency).

So what is the reason for the 34% drop in CTEK's revenue in March?

[philjeans] 22/4/2015 12:38

M/C Now £29M

Cash held on the balance sheet £40M

P/E NOW 1.3.


sTEADY ON CHAPS!

[philjeans] 22/4/2015 12:36

Dividend Timetable

Ex-dividend date 23 April 2015
Dividend record date 24 April 2015
Annual General Meeting 8 May 2015
Dividend payment date 20 May 2015
----------------------- --------------

Final Results

Chaintek (AIM:CTEK), the provider of logistics services to manufacturers of consumer goods in China, today announces its final results for the year ended 31 December 2014 (the "period").

Financial Highlights

-- Revenue up 3.7% to RMB 363.7 million (2013: RMB 350.6 million)
-- Profit before tax up 1.0% to RMB 287.4 million (2013: RMB 284.9
million)
-- EBITDA up 0.9% to RMB 292.9 million (2013: RMB 290.5 million)
-- Pre-tax profit margin of 79.0% (2013: 81.3%)
-- Cash position of RMB 472.2 million (2013: RMB 319.3 million)
-- A maintained final dividend of 4 pence per share is now proposed,
which will be offered by way of scrip dividend only, giving
a total dividend of 6 pence per share for this financial year


Key Performance Indicators

Indicator 2011 2012 2013 2014
------------------------------- ----- ----- ----- -----
Revenue (RMB in million) 263 341 351 364
Gross Profit (RMB in million) 218 284 306 312
Profit before taxation (RMB
in million) 200 254 285 287
Net cash and cash equivalents
(RMB in million) 98 343 319 472

[philjeans] 21/4/2015 15:04

Down from 240p 18 months ago!

No debt
Massive cash resources
Excellent margins and real cash generation
Super profits (albeit forecast lower this year)
10% yield thru extra shares
UK institution added a million shares THIS WEEK.

A real business with real UK directors and Chairman.

No fraud - just the cheapest stock on the market - P/E 1.

Yes really.

Very good website too with excellent info and pics.

[philjeans] 17/4/2015 09:37

Very confident BUYING there by Utilico Emerging Markets - RNS yesterday. Several UK institutions now on board - and adding.

Total PERCENTAGE of shares now left in free float -ONLY 10%!!

$$$$$$$$$$$$$

Major Shareholders

As at 16 April 2015, shareholders holding more than 3% of the share capital of China Chaintek United Co., Ltd. were:

Name Holding Percentage
Odylink Limited 34.7%
Golden Plan Development 32.9%
Utilico Emerging Markets 6.17%
David Lam 5.0%
Montoya Investments Limited 4.5%
Vidacos Nominees 3.47%
Kingspro Investments Limited 3.4%

[nw99] 16/4/2015 22:51

Been a good day with our China stks up nicely

[philjeans] 16/4/2015 16:12

Yes - very encouraging.

So much for the shorters' lies and innuendo!

TW and his kosher komrades exposed as cheats and liars - yet again.

Do your own research and ignore the spivs.

Still miles to go here yet!

[addict] 16/4/2015 15:52

All very quiet here.That holding announcement is good for CTEK and good for the Chinese shares on AIM generally.I think the trading statement on JQW paints a far rosier picture than here,but as always,DYOR.

[nw99] 16/4/2015 15:16

Looks good as does JQW down here

[nw99] 16/4/2015 15:16

Great move nice

[philjeans] 08/4/2015 15:35

Ticking up now nicely in parallel with CTEK.

Very little free stock and so every tiny BUY will send it away.

Hugely oversold and SHORTED by the spivs, who are now getting BURNED!

BUY.

DYOR.

[donnydave] 26/3/2015 12:00

I,m on board now,just bought 4000 at 24p this morning. Way over sold I.M.O.

[garbetklb] 16/3/2015 10:49

One would think / hope that the auditors would be on red alert......

Be interesting to know if they would accept to be paid in shares!

[kinbasket] 16/3/2015 08:12

Good results ?????

In the light of the factors I have referred to above, the Board considers that revenues for the current year are likely to be approximately 35% down on 2014 and profits before tax approximately 50% lower than those for 2014.

and the 273m rmb for the logistics park is gone. If, like anything else, it ever really existed.

The only question now is how long before the Chinese go missing and the shares are suspended.

[philjeans] 16/3/2015 07:54

Can't - stupid policy which will further deflate the share price in the short term.

Good results - bad decision.

[garbetklb] 16/3/2015 07:41

Results showing cash position exceeding annual revenue and a PE of about 2 - and they choose to ONLY offer a scrip dividend.

Anyone who thinks this makes sense - please explain.

[philjeans] 11/3/2015 12:47

As at 30 January 2015, shareholders holding more than 3% of the share capital of China Chaintek United Co., Ltd. were:

Name Holding
Percentage
Odylink Limited 34.7%
Golden Plan Development 32.9%
David Lam 5.0%
Montoya Investments Limited 4.5%
Utilico Emerging Markets 4.3%
Vidacos Nominees 3.47%
Kingspro Investments Limited 3.4%

$$$$$$$$$$$

David Lam is the guy who took most of the Investec holding recently - not a director.

Interesting.

[rugby] 11/3/2015 11:58

phil posting just before scam Chinese share NBU was suspended losing punters life savings....

"Bargain of the century and more investors will come on board as they gradually realise the scare stories were complete fabrication!"

[philjeans] 11/3/2015 11:48

Another positive about this China stock is that we don't (and haven't) seen millions of shares being touted by original seed investors. Any loose stock seems to have found a home quickly and safely.

Whilst the price has plunged, the three instis are still in - Investec sold their's on recently but was snapped up by a Chinese investor and the correct RNS was identified immediately.

It all sounds to be properly run IMHO. DYOR

[paxman] 11/3/2015 11:17

Yes - to me the cash component of the 4p dividend is crucial. Very cheap if Monday's figures confirm the Feb update.

( Yes the unfortunate chap who keeps posting as Rugby/Stig etc is very ill. I do think advfn should message him and very gently suggest he seeks help.)

[philjeans] 11/3/2015 11:07

Full year figures on Monday and we know they'll be fine - see below;

$$$$$$$$$$$$$

09 February 2015

Press Release 9 February 2015


China Chaintek United Co., Ltd

("Chaintek", "the Company" or the "Group")

Trading Update

Chaintek (AIM: CTEK), the provider of logistics services to manufacturers of consumer goods in China, is pleased to provide the following trading update ahead of the Group's Preliminary Results for the year ended 31 December 2014, which will be announced on Monday, 16 March 2015.

Revenues for the period are expected to be RMB364 million, an increase of just under 4% over 2013 with unaudited profit before tax at RMB287 million anticipated to be a short 1% ahead of 2013, both slightly below market forecast. The Group continues to be highly cash-generative, resulting in an increased cash position at year-end of RMB 472.1 million, after payments in respect of the new transit warehouse facility of RMB 60 million (2013: RMB 319.3 million after payment of RMB 221.0 million in respect of the planned Logistics Park).

The Logistics Services business added six new customers, including Joeone, a Shanghai Stock Exchange listed men's business and casual wear manufacturer, which contributed approximately 1.76% to the division's total revenues. The division itself is expected to show a modest increase of 3.2% in revenues over 2013. The Group has maintained a diversified customer base in its Logistics Services division with the food and building materials industries comprising 23% (2013: 22%) of divisional revenue, shoes and apparel an unchanged 69%, and other categories 8% of divisional revenue.

The Inventory Solutions business is expected to show a 7.3% increase in revenues, despite no new distribution centre being added in the year. The division accounts for approximately 14% of Group revenues.

$$$$$$$

The div will be interesting - already said they plan to announce 4p. But will it be 2p cash and 2p scrip; or will they have the balls to pay it all out in cash ?!!

Looking forward to a nice jump next week.

DYOR

And filter the lying shorter paid re-ramper stig; stock; stol; rugby; bad robot etc etc etc etc etc etc or whatever he's pretending to be at this moment of the day!!

LOL!