http://forum.therx.com/showthread.php?p=7121464
Importing a file on Longwei...$4 projection!! 4-Jun-09 01:41 pm Can you only copy links to this board? I have some really great material on Longwei...and want to post it. They are files though and not links. Any idea?
“DISCOVERING TOMORROW’S BLUE CHIPS TODAY”TM
INVESTMENT HIGHLIGHTS
• Longwei has been granted a Finish Oil Wholesale license by the Chinese central
government. This license permits the Company to purchase fuels directly from
refi neries, has no expiration date and is very diffi cult to obtain.
• Longwei has been in the fuel oil and petroleum product distribution wholesale
business since 1995. The Company has earned a reputation for excellent
customer service and a stable distribution capability at competitive prices.
• China’s rapidly growing economy will drive energy demand growth rates of four
to fi ve percent annually through 2015. Production and distribution of energy will
be one of China’s greatest challenges in the coming years.
• Shanxi Province, where Longwei operates, has no oil fi elds or oil refi neries and
thus provides a unique market space for fuel oil and petroleum products. Shanxi
Province’s demand for fuel oil has experienced double-digit growth in the past
several years.
• Longwei owns one state-of-the-art fuel storage facility with 14 storage tanks
providing a total capacity of 50,000 metric tons in the Shanxi Province.
• The Company is currently constructing a second fuel sRESEARCH ANALYST
Matthew Kantrowitz, MBA
AT A GLANCE
APRIL 7, 2009 | TARGET PRICE: $4.00 | RATING: STRONG BUY
Longwei Petroleum Investment Holding Limited
(OTCBB: LPIH)
2ND QUARTER UPDATE
TICKER LPIH
SECTOR OIL SERVICES
FISCAL YEAR JUNE
RECENT PRICE $0.32
TARGET PRICE $4.00
MARKET CAP $24.4M
52 WEEK HIGH $2.50
52 WEEK LOW $0.20
SHARES OUTSTANDING 76.2M
FY2008 REVENUES $142M
FY2008 NET INCOME $20M storage facility in the
industrial city of Gujiao which will add 70,000 metric tons to Longwei’s total
capacity. Construction is expected to be completed by the end of 2009.
• Longwei has exhibited average year-over-year revenue growth of 46% and net
income growth of 39% over the last fi ve years.
• Revenues for the three months ending December 30, 2008 increased 35% or
$13.9 million to $53.643 million for the second quarter ended December 31,
2008 compared to the same quarter in 2007.
• Gross profi t margin decreased approximately 5% to 22.3% for the three months
ended December 31, 2008 compared to same period in 2007 due to lower
margins on diesel fuel sales.
• Net income jumped 52.3% to $8.759 million for the three months ending
December 31, 2008 as compared to the period in 2007.
• The Company has a very strong balance sheet with cash of $9.6 million and a
current ratio of 15.1.
Longwei Petroleum Investment Holding Ltd.
No. 30 Guanghua Street, Xiaojingyu Xiang,
Wanbailin District Taiyuan City
Shanxi Province, Shanxi, China 030024
Ph: 86-351-6527-366
FY2008 EPS $0.27
PRICE/EARNINGS (TTM) 1.2x
PRICE/SALES 0.17x
PRICE/CASH FLOW 1.1x
PRICE/BOOK 0.24x
BOOK VALUE PS (MRQ) $1.36
AVERAGE VOLUME (3 MOS) 6,730
INSIDER OWNERSHIP 92%
CEO Cai Yongjun
As of April 3, 2009
LPIH.OB
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CCGY,CSGH,CKGT,PUDA,CMTP,GFRE,LLFH,OPAI,
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10/15/2009 postreply
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35 companies that made presentations Oct. 1 2009
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10/15/2009 postreply
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