Friday, June 22, 2007
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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