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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| China Bio | LSE:CBI | London | Ordinary Share | VGG211791097 | ORD USD0.01 (DI) |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 13.50 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 13.50 | GBX |
China Biodiesel (CBI) Share Charts1 Year China Biodiesel Chart |
|
1 Month China Biodiesel Chart |
Intraday China Biodiesel Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 01/12/2010 | 20:15 | Chine Biodiesel International - Backed by Chinese Government | 1,521 |
| 12/6/2010 | 07:33 | DUN UP THE ARSE AGAIN | - |
| 16/7/2008 | 16:20 | Chicago Bridge & Iron Co | - |
| 03/8/2007 | 08:44 | China Biodiesel International | 4 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 14/7/2010 14:24 by tim00 gkp has pretty much bottomed out now. It's true it might not move up for a while, but if the Iraqi politics get sorted out the share price could suddenly take off. It's true gkp is a bit like skr and won't attain full value for at least another year, but the upside is tremendous given the amount of oil they've already found and there's very little downside risk. It's a share that all portfolios should include imo. Afr are going to start producing from a new field in the autumn and the share price should then move up sharply. So you can wait awhile, but it's another very solid stock that has very little risk (unlike hawk etc). In the current climate, I'd rather stick to the top quality shares. MML is like that. |
Posted at 12/6/2010 06:50 by tim00 Personally I think a Chinese relist would be a long time away, AIM is not that burdensome, nor expensive. Companies the size of CBI are really too small to be quoted. The hope must have been that without the global recession, CBI's share price would have been on an upward trend rather than the opposite, and they could have used AIM to raise further funds to expand more rapidly. (They've mentioned other provinces now have minimum useage of biodiesel for example.) I agree the most likely opportunity to sell would be to a Director, Ye or Gloria He, but would Ye bother to buy shares from a tiny holder and if he did, would he give you fair value? He would have a massive information advantage over the seller, and might offer you 16.5p. WCC and PMHL are excellent opportunities at the moment. One strategy is to sell CBI at close to 16p in the market by late June, buy PMHL then sell PMHL late July and invest in WCC. Excellent chance of more than doubling your money on a three month horizon. |
Posted at 20/4/2010 06:20 by tim00 You make some good points woracle, I wouldn't disagree with the numbers you quote. However, there is no reason to suppose the VAT rebates will be withdrawn in the short term - the policy was introduced to support the expansion of companies like CBI as part of a green agenda. You might as well argue that WCC for example is only doing so well because the company is supported by the Party spending billions on developing the local infrastructure. On feedstock prices, I closely monitor the price of palm oil as a proxy. It tends to rise in sympathy with crude oil, and I am aware of the increases seen. But I think you ignore the fact that this affects all suppliers of biomaterial and petrochemicals, if demand for these products exceeds supply then CBI will have no trouble passing on the cost increases to customers. So forget the trend in feedstock prices, what really matters is the balance between demand and supply. My view is that as the Chinese economy expands, that balance will increasingly move in CBI's favour. At some point, especially if the Party introduces compulsory use of biomaterial for some products, CBI's profitability will recover substantially and the share price will rocket. That's why patience is required. |
Posted at 19/4/2010 11:20 by qipincha mm has to raise share price to get free share floating on the market. the current share price is too low, no one want to sell. |
Posted at 16/3/2010 18:56 by tim00 Yes, they're very different of course, but have somethings in common. I don't agree that being Chinese is irrelevant. At some point, demand for CBI's products will outstrip supply, just as is happening now with cement due to the Chinese govt's stimulus package. That day will come sooner should the govt promote biofuels via setting minimum thresholds for use of biodiesel etc. I'm confident that CBI's day will come, I just don't know how long the wait will be. As you say TTB, no reason why CBI shouldn't perform like WCC when it was sub-£1, once demand outstrips supply and pricing power recovers. Finally, I'm not sure WCC's best days are behind it (though the rate of growth in the share price will be a little slower I accept), in the sense that the share price might exceed your 2-3x projection. |
Posted at 14/3/2010 08:06 by tim00 A quick comparison with WCC. WCC is expanding rapidly and might make eps of £2 in 2011. That would imply a forward p/e of 3. Other cement manufacturers are trading on p/e ratios of around 15, so it's a no-brainer that WCC's share price will rise sharply in the next year. So what about CBI? The outlook is more uncertain, especially after the unexpected profit warning for 2009 H2 (which in the event was possibly unwarranted). However, cautious assumptions (imo) might see eps of 5p in 2010. So the current p/e is about 2. I accept that demand for cement is more certain than for CBI's products, which can be substituted. But given the rapid expansion of the Chinese economy, reflected in a substantial recovery in trading for CBI in late 2009, CBI is a sleeper that one day will wake up! And one area where CBI has an advantage over WCC is it already has plenty of spare capacity to accommodate extra sales, so no need for lots of capital spending. It also has minimal debt. So it can afford high dividend payments imminently. Once they do that, the share price will recover, that is certain. |
Posted at 26/1/2010 08:41 by jkershaw Thanks Woracle Interesting statement from HAIK"businesses has shown a modest improvement compared to that experienced in the third quarter of 2009, primarily due to increased selling prices and stronger market demand. However, the inflation of feedstock prices during the continuing harsh winter has impacted margins when compared to the first half of 2009. Despite this, the business as a whole moved back into profitability, at the operating level for the month of December 2009" Its a good bench mark for CBI, however I wonder if the market has priced this in already for CBI at current sp? Who can tell if the margin will improve (or worsen). CBI can only work on making the assets sweat. If the gross profit margin shrinks they need volume to keep net profit margin consistant (providing fixed costs dont step increase). A bumper year can only happen when volume is maximised and feedstock costs are low enough for a good margin. At that point the share price will ZOOM...its all down to luck then as it really is impossible to predict! |
Posted at 23/10/2009 09:16 by buggy Jailbird has a point. We can all bury our head in the sand and believe that a lowered price of diseil do not affect CBI or we can deal with that and scope the likely extent of impact.If the Chinese govt raised the price of diesel now we all will be jumping up and thinking that this is very good for CBI. If they lowered it all of a sudden it does not affect CBI. CBI manufactures diesel. They had to try and future refine their product to the BI and BII products exactly because of the low price of regular diesel BIII. MY only take is that late last year, I believe, on the price of diesel went up by almost 1000RMB. Over this year they have also raised the price of diesel a few times and lowered a couple of time. I still think that when all the raises and lowering is taken into effect the price is still higher than it was last year. This lowering will have an effect but not crucial to the mid term performance of CBI and any person investing in this company must have at a long term view in other to reap the full benefit. Diesel/Biodiesel is the future. Not enough stocks in circulation. Good management Good Corporate Governance (unlike a host of Chines companies). Large home market. Cheap labour cost. Management intrest coincides with share holders as they hold significant share in the company. Company is actively diversifying its product range [ Believe they were researching a new product last year which will carry a better price than what they currently sell] Any person wishing to be in needs to take a position now. Because when this becomes apprarent to the general public the share price will move wildly as there just is not enough stock to go round. Even at this stage it is still difficult to get any significant holding .. you have to buy in small quanties. |
Posted at 07/10/2009 22:03 by qipincha hi everyone,just finished a busy day and rush to this bb are we doing wrong estimation of company sp??? Tim and Forest, forget about the profit of H2 for the time being, I think there is something foundamentally wrong when we talk about cbi share price in my opinion, the share price should be (net asset value + profit*PE)/number of share at the moment, the estimation of share price is based only on the profit, which is wrong and biased. Without consideration of company's net asset value, many many company should end up with negative share price rather than positive. And some company has goodwill in this balance sheet. (learned this from Tim, thanks) my calculation of cbi share price is: current net asset (188,706,734RMB/55m) +1.2p(eps)*10(PE) = 31p + 12p = 43p of course, there are other things have to be considered when estimate the company sp, like company reputation and the dilution of share.I think cbi has a good record in the past and we should be clear of this. if the profit reach 5p per share, we should have share price back to 80p level, imho. |
Posted at 07/10/2009 08:22 by qipincha Hi tim,agree with your estimation. I feel that cbi has been extremely under valued in the past year. In fact, the share price should be based on the value of the company plus the profit, not only the profit. For example BYOT,FGN, the share price stand above 30p and the companies are not even making profit. CBI has a very low PE value compare to many other stocks in its section. with estimed eps 5p, the share price should be back to a region between 50p-80p level,at least |
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