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roguetrader
Senior member
- Messages
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d998,
What attracts you to this company, takeover candidate?
What attracts you to this company, takeover candidate?
Entry..................$1.99
Stoploss...........No Stoploss
Position............10,000 shares
Exit.....................At fair value
Rogue,
That is a possibility, but probably unlikely.
This is first and foremost undervalued
And, it also has huge insider potential.
cheers d998
Stoploss...........No Stoploss
Position............10,000 shares
Exit.....................At fair value
Rogue,
That is a possibility, but probably unlikely.
This is first and foremost undervalued
And, it also has huge insider potential.
cheers d998
Anyway, CTEL. Have a look at the chart.
Fundamentals are solid.
Quote:
City Telecom (H.K.) Limited (City Telecom) provides international telecommunications, Internet access, local telephony, pay television and other fixed-telecommunications network services in Hong Kong through Hong Kong Broadband Network Limited. The Company's integrated suite of services include high-speed broadband Internet access services; fixed-line local telephony through its voice-over Internet protocol technology; pay television, where the Company delivers more than 35 channels, including self-produced news, children's programming and local interest programming using its Internet protocol platform, and corporate data services, which includes provision of dedicated bandwidth to corporate customers. City Telecom offers a variety of international telecommunications services and products, including direct dial services, international calling cards and mobile call forwarding services.
Ownership Information
Shares Outstanding .........................................31.00 Mil
Institutional Ownership (%)............................... 0.30
Top 10 Institutions (%)......................................0.26
Mutual Fund Ownership (%)...............................0.24
5%/Insider Ownership (%)............................. 54.99
Float (%).................................................... ..45.01
Sales .......................................................150.00 Mil
Income....................................................... 6.40 Mil
Net Profit Margin.......................................... 4.30%
Return on Equity ..........................................4.20%
Debt/Equity Ratio........................................ 0.00
Revenue/Share........................................... 4.91
Earnings/Share........................................... 0.21
Book Value/Share....................................... 4.94
Dividend Rate............................................. 0.23
Payout Ratio........................................... 110.00%
Dividend Yield...............................................11%
There are no Options, so we'll have to enter as a straight buy orderif you like it technically.
Areas of concern.
Tax rates are somewhat variable. Due to divestures, writedowns, and foreign subsidiaries........watch.
There is no long term debt, all the debt is short-term in the form of Bank borrowing. It would be far better to float some bonds.
However, currently, they can almost pay off all Bank loans from cash, this will need to be watched also.
As you can see, this is a MASSIVE insider stock.
They are paying themselves via dividends, I would rather see dividends reduced, and Bank borrowing paid down, and cash reinvested in the business, or as I said float some paper.
Some good points.
The Profit margin on the total capitalisation is 10%, this is very good, as it really reinforces the 4% profit margin currently, and bodes well for the future.
Receivables ratio is low, so they get paid on time.
And, Accounts Payable ratio is also low, they pay their bills on time
Currently very low Institutional involvement.
If, they eventually come on board, price will skyrocket.
My chart shows a high somewhere in the $25 range, at the IPO, in dot.com era.
cheers d998
Fundamentals are solid.
Quote:
City Telecom (H.K.) Limited (City Telecom) provides international telecommunications, Internet access, local telephony, pay television and other fixed-telecommunications network services in Hong Kong through Hong Kong Broadband Network Limited. The Company's integrated suite of services include high-speed broadband Internet access services; fixed-line local telephony through its voice-over Internet protocol technology; pay television, where the Company delivers more than 35 channels, including self-produced news, children's programming and local interest programming using its Internet protocol platform, and corporate data services, which includes provision of dedicated bandwidth to corporate customers. City Telecom offers a variety of international telecommunications services and products, including direct dial services, international calling cards and mobile call forwarding services.
Ownership Information
Shares Outstanding .........................................31.00 Mil
Institutional Ownership (%)............................... 0.30
Top 10 Institutions (%)......................................0.26
Mutual Fund Ownership (%)...............................0.24
5%/Insider Ownership (%)............................. 54.99
Float (%).................................................... ..45.01
Sales .......................................................150.00 Mil
Income....................................................... 6.40 Mil
Net Profit Margin.......................................... 4.30%
Return on Equity ..........................................4.20%
Debt/Equity Ratio........................................ 0.00
Revenue/Share........................................... 4.91
Earnings/Share........................................... 0.21
Book Value/Share....................................... 4.94
Dividend Rate............................................. 0.23
Payout Ratio........................................... 110.00%
Dividend Yield...............................................11%
There are no Options, so we'll have to enter as a straight buy orderif you like it technically.
Areas of concern.
Tax rates are somewhat variable. Due to divestures, writedowns, and foreign subsidiaries........watch.
There is no long term debt, all the debt is short-term in the form of Bank borrowing. It would be far better to float some bonds.
However, currently, they can almost pay off all Bank loans from cash, this will need to be watched also.
As you can see, this is a MASSIVE insider stock.
They are paying themselves via dividends, I would rather see dividends reduced, and Bank borrowing paid down, and cash reinvested in the business, or as I said float some paper.
Some good points.
The Profit margin on the total capitalisation is 10%, this is very good, as it really reinforces the 4% profit margin currently, and bodes well for the future.
Receivables ratio is low, so they get paid on time.
And, Accounts Payable ratio is also low, they pay their bills on time
Currently very low Institutional involvement.
If, they eventually come on board, price will skyrocket.
My chart shows a high somewhere in the $25 range, at the IPO, in dot.com era.
cheers d998
Quote:
City Telecom Announces 6-Months to 28 February 2005 Interim Results
Tuesday May 17, 5:26 am ET
-- As of 28 February 2005, triple-play subscription base of 524,000,
consisting of 282,000 voice, 203,000 broadband and 39,000 IP-TV
-- Achieved position as largest alternative residential voice and
broadband provider in Hong Kong, within 5 years of Fixed Telecom
Services Network license grant
-- Total Revenue up 1% year-on-year to HK$576 million. FTNS revenues up
25% year-on-year to HK$311 million. FTNS now 54% of total revenues and
61% of gross profits
-- Net loss of HK$32 million versus HK$35 million net profit for same
period last year
Quote:
The next 12-24 months will require substantial investment in operating expenditure for brand enhancement and subscriber acquisition, as well as capital investment for network expansion. In addition to our established residential position, we will also be assertive in our expansion into the corporate and mobile carrier backhaul segments. Our HK$975 million senior notes issue completed in January 2005, together with internally generated cash flows, fully funds our growth roadmap towards 1.8 million homes pass, 80% of Hong Kong's total homes.
The Senior notes issue is actually very good.
It is a sign that the Credit Rating is improving, and should reduce Bank borrowing. The figures I used initially were the 2004 Annual report.
This is a 17 May 2005 news release.
I'll do a currency conversion and recalculate the Capitalisation.
cheers d998
City Telecom Announces 6-Months to 28 February 2005 Interim Results
Tuesday May 17, 5:26 am ET
-- As of 28 February 2005, triple-play subscription base of 524,000,
consisting of 282,000 voice, 203,000 broadband and 39,000 IP-TV
-- Achieved position as largest alternative residential voice and
broadband provider in Hong Kong, within 5 years of Fixed Telecom
Services Network license grant
-- Total Revenue up 1% year-on-year to HK$576 million. FTNS revenues up
25% year-on-year to HK$311 million. FTNS now 54% of total revenues and
61% of gross profits
-- Net loss of HK$32 million versus HK$35 million net profit for same
period last year
Quote:
The next 12-24 months will require substantial investment in operating expenditure for brand enhancement and subscriber acquisition, as well as capital investment for network expansion. In addition to our established residential position, we will also be assertive in our expansion into the corporate and mobile carrier backhaul segments. Our HK$975 million senior notes issue completed in January 2005, together with internally generated cash flows, fully funds our growth roadmap towards 1.8 million homes pass, 80% of Hong Kong's total homes.
The Senior notes issue is actually very good.
It is a sign that the Credit Rating is improving, and should reduce Bank borrowing. The figures I used initially were the 2004 Annual report.
This is a 17 May 2005 news release.
I'll do a currency conversion and recalculate the Capitalisation.
cheers d998
I'll update this position just once a week on a Friday.
CITY TELECOM(HK) L (NasdaqNM:CTEL) Delayed quote data
Last Trade: 2.12
Trade Time: 2:31PM ET
Change: 0.08 (3.92%)
Prev Close: 2.04
Open: 2.04
Bid: 2.07 x 1000
Ask: 2.12 x 1000
1y Target Est: 5.60
Day's Range: 2.04 - 2.12
52wk Range: 1.92 - 5.10
Volume: 8,494
Avg Vol (3m): 17,398
Market Cap: 65.09M
P/E (ttm): N/A
EPS (ttm): -0.08
Div & Yield: 0.04 (1.93%)
CITY TELECOM(HK) L (NasdaqNM:CTEL) Delayed quote data
Last Trade: 2.12
Trade Time: 2:31PM ET
Change: 0.08 (3.92%)
Prev Close: 2.04
Open: 2.04
Bid: 2.07 x 1000
Ask: 2.12 x 1000
1y Target Est: 5.60
Day's Range: 2.04 - 2.12
52wk Range: 1.92 - 5.10
Volume: 8,494
Avg Vol (3m): 17,398
Market Cap: 65.09M
P/E (ttm): N/A
EPS (ttm): -0.08
Div & Yield: 0.04 (1.93%)
As threatened the weekly update.
CITY TELECOM(HK) L (NasdaqNM:CTEL) Delayed quote data
Last Trade: 2.40
Trade Time: 3:49PM ET
Change: 0.22 (10.09%)
Prev Close: 2.18
Open: 2.20
Bid: 2.39 x 300
Ask: 2.42 x 100
1y Target Est: 5.60
Day's Range: 2.20 - 2.48
52wk Range: 1.92 - 5.10
Volume: 87,392
Avg Vol (3m): 16,740.6
Market Cap: 73.49M
P/E (ttm): N/A
EPS (ttm): -0.07
Div Yield (ttm): N/A (N/A)
Sitting on a 21% gain, will continue to hold.
cheers d998
CITY TELECOM(HK) L (NasdaqNM:CTEL) Delayed quote data
Last Trade: 2.40
Trade Time: 3:49PM ET
Change: 0.22 (10.09%)
Prev Close: 2.18
Open: 2.20
Bid: 2.39 x 300
Ask: 2.42 x 100
1y Target Est: 5.60
Day's Range: 2.20 - 2.48
52wk Range: 1.92 - 5.10
Volume: 87,392
Avg Vol (3m): 16,740.6
Market Cap: 73.49M
P/E (ttm): N/A
EPS (ttm): -0.07
Div Yield (ttm): N/A (N/A)
Sitting on a 21% gain, will continue to hold.
cheers d998
Fluctuated this week............Continue to hold
CITY TELECOM(HK) L (NasdaqNM:CTEL) Delayed quote data
Last Trade: 2.21
Trade Time: 3:59PM ET
Change: 0.01 (0.45%)
Prev Close: 2.20
Open: 2.13
Bid: 2.10 x 100
Ask: 3.04 x 400
1y Target Est: 5.60
Day's Range: 2.13 - 2.29
52wk Range: 1.92 - 5.10
Volume: 18,583
Avg Vol (3m): 18,375
Market Cap: 67.67M
P/E (ttm): N/A
EPS (ttm): -0.07
Div Yield (ttm): N/A (N/A)
CITY TELECOM(HK) L (NasdaqNM:CTEL) Delayed quote data
Last Trade: 2.21
Trade Time: 3:59PM ET
Change: 0.01 (0.45%)
Prev Close: 2.20
Open: 2.13
Bid: 2.10 x 100
Ask: 3.04 x 400
1y Target Est: 5.60
Day's Range: 2.13 - 2.29
52wk Range: 1.92 - 5.10
Volume: 18,583
Avg Vol (3m): 18,375
Market Cap: 67.67M
P/E (ttm): N/A
EPS (ttm): -0.07
Div Yield (ttm): N/A (N/A)
Still fluctuating, still holding
CITY TELECOM(HK) L (NasdaqNM:CTEL) Delayed quote data
Last Trade: 2.3299
Trade Time: 2:59PM ET
Change: 0.0699 (3.09%)
Prev Close: 2.26
Open: 2.22
Bid: 0.01 x 100
Ask: 2,000.00 x 100
1y Target Est: 5.60
Day's Range: 2.22 - 2.3299
52wk Range: 1.92 - 5.10
Volume: 3,243
Avg Vol (3m): 17,973.8
Market Cap: 71.34M
P/E (ttm): N/A
EPS (ttm): -0.067
Div Yield (ttm): N/A (N/A)
CITY TELECOM(HK) L (NasdaqNM:CTEL) Delayed quote data
Last Trade: 2.3299
Trade Time: 2:59PM ET
Change: 0.0699 (3.09%)
Prev Close: 2.26
Open: 2.22
Bid: 0.01 x 100
Ask: 2,000.00 x 100
1y Target Est: 5.60
Day's Range: 2.22 - 2.3299
52wk Range: 1.92 - 5.10
Volume: 3,243
Avg Vol (3m): 17,973.8
Market Cap: 71.34M
P/E (ttm): N/A
EPS (ttm): -0.067
Div Yield (ttm): N/A (N/A)
CITY TELECOM(HK) L (NasdaqNM:CTEL) Delayed quote data
Last Trade: 2.18
Trade Time: 3:47PM ET
Change: 0.10 (4.30%)
Prev Close: 2.28
Open: 2.25
Bid: 2.18 x 800
Ask: 2.24 x 200
1y Target Est: N/A
Day's Range: 2.18 - 2.25
52wk Range: 1.92 - 5.10
Volume: 3,819
Avg Vol (3m): 16,939.4
Market Cap: 66.75M
P/E (ttm): N/A
EPS (ttm): -0.07
Div Yield (ttm): N/A (N/A)
Still ticking over, nothing too dramatic happening here at the moment
Cheers d998
Last Trade: 2.18
Trade Time: 3:47PM ET
Change: 0.10 (4.30%)
Prev Close: 2.28
Open: 2.25
Bid: 2.18 x 800
Ask: 2.24 x 200
1y Target Est: N/A
Day's Range: 2.18 - 2.25
52wk Range: 1.92 - 5.10
Volume: 3,819
Avg Vol (3m): 16,939.4
Market Cap: 66.75M
P/E (ttm): N/A
EPS (ttm): -0.07
Div Yield (ttm): N/A (N/A)
Still ticking over, nothing too dramatic happening here at the moment
Cheers d998
chump
No what happened was that CTEL had a very good year with earnings coming in at $1.03 per share in 2003 that caused the jump to $5 in the share price.
2004 saw earnings drop to $0.21
The reason for the increased earnings in 2003 was the sale of subsidiary businesses in Japan that boosted the earnings hugely.
This was listed under minority interest, a very misleading entry. When you read the 10-K, you see that the income at that level would not be sustainable in the near future. Therefore, most likely earnings would fall.
Now their earnings represent a fair indication of the business, and will improve as they start to pare back their capital expenditures.
They are however expanding their marketing costs, so there may be an offset, but over time this will balance out, with a follow through to earnings.
They are the dominant player in their market.........Hong Kong.
Cheers d998
Going back over your fundamental data was there anything that you could see specific to the company's peformance that would account for the 50% + drop in the yearly high and low (1.92 and 5.10) ? or do we attribute this to wider market influences ?
No what happened was that CTEL had a very good year with earnings coming in at $1.03 per share in 2003 that caused the jump to $5 in the share price.
2004 saw earnings drop to $0.21
The reason for the increased earnings in 2003 was the sale of subsidiary businesses in Japan that boosted the earnings hugely.
This was listed under minority interest, a very misleading entry. When you read the 10-K, you see that the income at that level would not be sustainable in the near future. Therefore, most likely earnings would fall.
Now their earnings represent a fair indication of the business, and will improve as they start to pare back their capital expenditures.
They are however expanding their marketing costs, so there may be an offset, but over time this will balance out, with a follow through to earnings.
They are the dominant player in their market.........Hong Kong.
Cheers d998
CITY TELECOM(HK) L (NasdaqNM:CTEL) Delayed quote data
Last Trade: 2.19
Trade Time: Jul 1
Change: 0.01 (0.46%)
Prev Close: 2.18
Open: 2.18
Bid: 0.01 x 100
Ask: 9,000.00 x 100
1y Target Est: N/A
Day's Range: 2.18 - 2.19
52wk Range: 1.92 - 5.10
Volume: 550
Avg Vol (3m): 15,578.5
Market Cap: 67.06M
P/E (ttm): N/A
EPS (ttm): -0.07
Div Yield (ttm): N/A (N/A)
Weekly update, regained yesterdays losses............
cheers d998
Last Trade: 2.19
Trade Time: Jul 1
Change: 0.01 (0.46%)
Prev Close: 2.18
Open: 2.18
Bid: 0.01 x 100
Ask: 9,000.00 x 100
1y Target Est: N/A
Day's Range: 2.18 - 2.19
52wk Range: 1.92 - 5.10
Volume: 550
Avg Vol (3m): 15,578.5
Market Cap: 67.06M
P/E (ttm): N/A
EPS (ttm): -0.07
Div Yield (ttm): N/A (N/A)
Weekly update, regained yesterdays losses............
cheers d998
CITY TELECOM(HK) L (NasdaqNM:CTEL) Delayed quote data
Last Trade: 2.10
Trade Time: Jul 8
Change: 0.03 (1.41%)
Prev Close: 2.13
Open: 2.13
Bid: 0.01 x 100
Ask: 9,000.00 x 100
1y Target Est: N/A
Day's Range: 2.06 - 2.14
52wk Range: 1.92 - 5.10
Volume: 8,500
Avg Vol (3m): 14,392.2
Market Cap: 64.30M
P/E (ttm): N/A
EPS (ttm): -0.07
Div Yield (ttm): N/A (N/A)
Last Trade: 2.10
Trade Time: Jul 8
Change: 0.03 (1.41%)
Prev Close: 2.13
Open: 2.13
Bid: 0.01 x 100
Ask: 9,000.00 x 100
1y Target Est: N/A
Day's Range: 2.06 - 2.14
52wk Range: 1.92 - 5.10
Volume: 8,500
Avg Vol (3m): 14,392.2
Market Cap: 64.30M
P/E (ttm): N/A
EPS (ttm): -0.07
Div Yield (ttm): N/A (N/A)
CITY TELECOM(HK) L (NasdaqNM:CTEL) Delayed quote data
Last Trade: 2.30
Trade Time: 4:00PM ET
Change: 0.05 (2.22%)
Prev Close: 2.25
Open: 2.26
Bid: 0.01 x 100
Ask: 9,000.00 x 100
1y Target Est: N/A
Day's Range: 2.16 - 2.34
52wk Range: 1.92 - 5.10
Volume: 14,862
Avg Vol (3m): 13,959.4
Market Cap: 70.42M
P/E (ttm): N/A
EPS (ttm): -0.07
Div Yield (ttm): N/A (N/A)
Last Trade: 2.30
Trade Time: 4:00PM ET
Change: 0.05 (2.22%)
Prev Close: 2.25
Open: 2.26
Bid: 0.01 x 100
Ask: 9,000.00 x 100
1y Target Est: N/A
Day's Range: 2.16 - 2.34
52wk Range: 1.92 - 5.10
Volume: 14,862
Avg Vol (3m): 13,959.4
Market Cap: 70.42M
P/E (ttm): N/A
EPS (ttm): -0.07
Div Yield (ttm): N/A (N/A)
CITY TELECOM(HK) L (NasdaqNM:CTEL) Delayed quote data
Last Trade: 2.26
Trade Time: Jul 22
Change: 0.01 (0.44%)
Prev Close: 2.25
Open: 2.30
Bid: 0.01 x 100
Ask: 9,000.00 x 100
1y Target Est: N/A
Day's Range: 2.26 - 2.36
52wk Range: 1.92 - 5.10
Volume: 6,375
Avg Vol (3m): 13,856.2
Market Cap: 69.20M
P/E (ttm): N/A
EPS (ttm): -0.07
Div Yield (ttm): N/A (N/A)
Last Trade: 2.26
Trade Time: Jul 22
Change: 0.01 (0.44%)
Prev Close: 2.25
Open: 2.30
Bid: 0.01 x 100
Ask: 9,000.00 x 100
1y Target Est: N/A
Day's Range: 2.26 - 2.36
52wk Range: 1.92 - 5.10
Volume: 6,375
Avg Vol (3m): 13,856.2
Market Cap: 69.20M
P/E (ttm): N/A
EPS (ttm): -0.07
Div Yield (ttm): N/A (N/A)
CITY TELECOM(HK) L (NasdaqNM:CTEL) Delayed quote data
Last Trade: 2.26
Trade Time: Jul 29
Change: 0.03 (1.31%)
Prev Close: 2.29
Open: 2.29
Bid: 0.01 x 100
Ask: 9,000.00 x 100
1y Target Est: N/A
Day's Range: 2.19 - 2.36
52wk Range: 1.92 - 5.10
Volume: 4,500
Avg Vol (3m): 13,004.7
Market Cap: 69.20M
P/E (ttm): N/A
EPS (ttm): -0.07
Div Yield (ttm): N/A (N/A)
Last Trade: 2.26
Trade Time: Jul 29
Change: 0.03 (1.31%)
Prev Close: 2.29
Open: 2.29
Bid: 0.01 x 100
Ask: 9,000.00 x 100
1y Target Est: N/A
Day's Range: 2.19 - 2.36
52wk Range: 1.92 - 5.10
Volume: 4,500
Avg Vol (3m): 13,004.7
Market Cap: 69.20M
P/E (ttm): N/A
EPS (ttm): -0.07
Div Yield (ttm): N/A (N/A)
