Friday, June 22, 2007

Chinacast Education (CEUC.OB)

I'd like to introduce a new interesting company - Chinacast Education (CEUC.OB).
The stock trades on Bulletin Board with average volume of only 23k.

Few points:

- It's a China Education Sector - compare it to stellar performance of New Oriental Education & Technology Group (EDU).

- Recents results: ChinaCast Education Corporation Announces First Quarter Results With Net Income Up 41 Percent From Last Year
http://biz.yahoo.com/pz/070521/119995.html

FIRST QUARTER HIGHLIGHTS



-- Gross margin of 57% and net margin of 33% versus 47% and 22% in Q1
FY2006
-- Q1 Revenues off 6% due to re-structuring of Tongfang Education
joint venture and lower equipment sales which were particularly
high in the first quarter of 2006
-- Establishment of a new wholly-owned subsidiary, ChinaCast Language
Training Education Technology Limited ("CLTET"), to provide English
language training services in China
-- Signing of additional post-secondary education institution distance
learning customer -- Shanghai University of Electric Power




- In addition, they have recently signed an additional post-secondary educational e-learning customer, Shanghai University of Electric Power, and plan to roll out up to 50 remote training classrooms over the next 12 months.


- hope to be listed on the NASDAQ within the next 90 days according to the PR on May 21st.

- Only 26 mil O/S

- and finally, Intel Corporation announced their 8.2% investment in ChinaCast Education (2,144,511 shares) on Jun 12 -> http://www.sec.gov/Archives/edgar/data/50863/000005086307000258/sc13g2.htm


More updates are coming on this...
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Cobalis (CLSC.OB) update

Cobalis kept on delaying results and then came out with a statement on May 31st that they will need to perform an audit on the results:

The Company said its concerns included the possibility of incorrect data entry in patient-symptom diaries. Given inconsistencies it has identified, the Company does not know at this time which data are correct, and it said it must review source documents and conduct other quality control measures as part of its audit. Cobalis said the audit will also include an examination of the consistency of data collection methods in both studies
http://biz.yahoo.com/bw/070531/20070531006102.html?.v=1

Due to that, it's extremely risky investment, as this approval was their only hope in my opinion. I don't recommend staying in this stock unless you are willing to risk everything.
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Monday, June 11, 2007

Yucheng Technologies (YTEC) Update

In just 2 days (June 13th), Yucheng Technologies will no longer have warrants. June 13th is the last day to exercise these warrants or they will be extinguished.

Within 10 days (perhaps around June 20th) we should see filing for 2006 annual results, as well as Q1/2007 results along with the conference call. Current estimate for this quarter is 0.06 (as estimated by Maxim Group analysts). I believe we should see steady increase in pps following the warrants redemption. It will be interesting to see how many warrants were exercised and the total amount the company received based on that.
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