Van beleggers
voor beleggers
desktop iconMarkt Monitor
  • Word abonnee
  • Inloggen

    Inloggen

    • Geen account? Registreren

    Wachtwoord vergeten?

Ontvang nu dagelijks onze kooptips!

word abonnee

YONG (nasdaq)

91 Posts
Pagina: 1 2 3 4 5 »» | Laatste | Omlaag ↓
  1. [verwijderd] 9 augustus 2011 00:06
    Morgan Stanley Invests $50 Million in Short-Sale Mark Yongye
    (7 juni 2011)

    Morgan Stanley agreed to invest $50 million in Yongye International Inc. (YONG), the U.S.-traded producer of plant nutrients in China that is the target of a short seller who says the company has misrepresented its business.

    Yongye shares surged 42 percent, the most in more than two years, to $5.33 as of 4 p.m. New York time after Morgan Stanley, the sixth-largest U.S. bank by assets, said it will invest in Beijing-based Yongye through its Asian private equity unit. The stock, which began trading on the Nasdaq Stock Market in 2009 following a 2008 takeover of a U.S. company, is down 37 percent this year.

    “After extensive due diligence, we believe Yongye to be an exceptional company that has built significant brand recognition in China’s agriculture industry,” said Homer Sun, managing director of Morgan Stanley (MS) Private Equity Asia, according to a statement released by Yongye. Sun will join the Chinese company’s board of directors, the statement said.

    Morgan Stanley is offering a vote of confidence to a company whose stock was down 55 percent in 2011 through last week amid a hedge fund’s accusation that it manipulated earnings. Morgan Stanley will purchase $50 million of preferred shares, which are convertible into common stock at an initial conversion price of $8.80 a share, Yongye said. That amount may increase to $15 a share if the company reaches certain undisclosed profit targets.
    Proceeds from the investment will be used to expand capacity, repay debt, add to working capital and for general corporate purposes, the company said.
  2. [verwijderd] 9 augustus 2011 00:07
    Yongye International Announces Completion of Chairman & CEO's $3.0 Million Common Stock Purchase
    (20 juni 2011)

    BEIJING, June 20, 2011 /PRNewswire-Asia-FirstCall/ -- Yongye International, Inc. (NASDAQ:YONG - News), a leading agricultural nutrient company in China ("Yongye International" or the "Company"), today announced that Mr. Zishen Wu, Chairman and Chief Executive Officer of Yongye International, had completed the purchase of $3.0 million worth of shares of the Company's Common Stock in open market transactions pursuant to a Rule 10b5-1 plan. The weighted average purchase price was US$5.40 per share. The share purchase demonstrates Chairman and CEO's confidence in the Company and his belief that the shares are currently undervalued.

  3. [verwijderd] 9 augustus 2011 08:19
    Belangrijk:
    Earnings per share (projected +0.48 voor dit kwartaal)
    Year over year growth
    Margins

    Echt al undervalued, is een tijd shorters speculatie geweest.
    Morgan stanley commitment zegt mij genoeg dat het legit bedrijf is.
    Dit word een lt hold voor mij.
    Goed groei aandeel, gezonde marges en winstgevend met een zeer lage p/e
  4. [verwijderd] 9 augustus 2011 13:44
    ongye International Announces Second Quarter 2011 Financial Results <YONG.O>
    pdf.reuters.com/pdfnews/pdfnews.asp?i...

    - Company Raises Top and Bottom Line Guidance -
    BEIJING, Aug. 9, 2011 /PRNewswire-Asia-FirstCall/ -- Yongye International, Inc. (NASDAQ: YONG), ("Yongye" or
    the "Company") a leading developer, manufacturer, and distributor of crop nutrient products in the People's
    Republic of China ("PRC"), today announced its financial results for the quarter ended June 30, 2011.

    SecondQuarter2011FinancialHighlights

    * Revenue in the second quarter of 2011 increased 73.0% to $154.7 million from $89.4 million for the same
    period of 2010
    * Gross profit increased 83.4% year-over-year to $91.8 million
    * Income from operations increased 72.5% to $51.5 million
    * Net income attributable to Yongye increased 63.1% to $39.5 million, or $0.77 per diluted share, compared to
    $24.2 million, or $0.54 per diluted share, in the same period last year
    * Adjusted net income attributable to Yongye, which excludes non-cash expenses related to share-based
    compensation for management and independent directors, the amortization of the acquired Hebei customer list,
    and a change in the fair value of derivative liabilities, was $40.5 million, or $0.82 per diluted share,
    compared to $24.1 million, or $0.54 per diluted share, in the same period last year*

    Mr. Zishen Wu, Chairman and Chief Executive Officer of Yongye International, stated, "We are pleased to announce
    strong second quarter results, with revenue and net income increasing 73% and 63%, respectively. This quarter was
    an important one in our company's history; not only was it our thirteenth consecutive quarter of year-over-year
    revenue and adjusted net income growth since we became a public company in 2008, but the $50 million investment
    by MSPEA Agriculture, an affiliate of Morgan Stanley, highlights the maturation of our business, the strength of
    our brand, and success of our sales and distribution strategy. This investment will help us meet the growing
    demand for our Shengmingsu crop nutrient product."

    Mr. Wu added, "Moving forward, we expect to see strong organic growth in our business driven by increased
    penetration into existing markets, geographic expansion into new markets, additional marketing and brand building
    efforts, expanded production capacity, and improved productivity in our operations. Importantly, we are also
    focused on providing more color and clarity around our business. For example, in the 10-Q for this quarter we
    provided more detailed information on metrics that we have received questions about in the past, including sales
    breakdown by province and a more detailed description of our sales channels. We hope this increased commitment to
    disclosure and transparency provides our investors with valuable information that will help them better
    understand our company's business. We will continue providing this level of detail going forward."

    SecondQuarter2011Results

    Revenue for the three months ended June 30, 2011 was $154.7 million compared to $89.4 million for the same
    period in 2010, an increase of 73.0%. The significant increase in revenue was largely due to more effective
    channel management and continued retail network development in the Company's existing provincial markets like
    Jiangsu, Hebei, Hubei and Henan and expansion into new markets like Yunnan, Anhui, Jiangxi and Sichuan.
    Sales from those newly developed provincial markets were $40.1 million, or 25.9%, while existing markets
    contributed $114.6 million, or 74.1%. During the quarter, the number of branded retailers increased from 26,006
    to 28,373. The number of branded retailers as of June 30, 2011 increased 52% compared to the end of June 30,
    2010.

    Gross profit was $91.8 million for the three months ended June 30, 2011, compared to $50.0 million for the
    three months ended June 30, 2010, an increase of 83.4%. The $41.8 million increase in gross profit was almost
    entirely due to higher gross profit from the Company's liquid crop nutrient product sales. Gross margin was 59.3%
    compared to 56.0% in the same period last year, mainly due to the fact that after the Company's Wuchuan facility
    became operational, Yongye started to use lignite coal as a key raw material, enabling the Company to bypass
    intermediaries from whom it used to purchase humic acid. The Company recorded non-cash expenses of $0.7 million
    related to the amortization of the acquired Hebei customer list as part of its cost of sales for the second
    quarter of 2011. Excluding the aforementioned non-cash expenses related to the amortization of the acquired
    Hebei customer list, second quarter 2011 adjusted gross profit was $92.5 million, or 59.8% of sales.*

    Selling expenses were $29.2 million compared to $16.3 million in the same period last year, an increase of
    78.4%. As a percentage of sales, selling expenses increased by 50 basis points to 18.8% from 18.3% of sales in
    the same period last year. The increase in selling expenses as a percentage of sales was mainly due to more
    marketing promotional activities in its existing and new geographic markets.

    General and administrative ("G&A") expenses were $5.6 million compared to $1.6 million in the same period
    last year. As a percentage of sales, G&A expenses increased to 3.6% from 1.8% of sales in the same period last
    year, which was primarily due to the increase of employee compensation, including restricted stock issuance under
    management equity plan and training expenses.

    Research and development ("R&D") expenses were $5.6 million compared to $2.2 million in the same period last
    year. The increase in R&D expenses mainly consist of new product development expenses as well as field test
    expenses for new crops and newly developed geographic markets.

    Operating income was $51.5 million, or 33.3% of sales, compared to $29.8 million, or 33.4% of sales, in the
    same period last year. Excluding non-cash expenses related to share-based compensation for management and
    independent directors and the amortization of the acquired Hebei customer list, second quarter 2011 adjusted
    operating income was $52.5 million, or 34.0% of sales.*

    Net income attributable to Yongye was $39.5 million, or $0.77 per diluted share, compared to a net income of
    $24.2 million, or $0.54 per diluted share, in the same period last year. The Company recorded a non-cash
    expense related to a change in fair value of derivative liabilities of $83,435 in the second quarter of 2011.
    Excluding the impact of non-cash expenses related to share-based compensation for management and independent
    directors, the amortization of the acquired Hebei customer list, and a change in the fair value of derivative
    liabilities, adjusted net income attributable to Yongye for the second quarter of 2011 was $40.5 million, or
    $0.82 per diluted share, compared to $24.1 million, or $0.54 per diluted share in the same period last year.*

    (*) See the table following this press release for a reconciliation of gross profit, income from operations, net
    income and diluted EPS to exclude non-cash items related to the amortization of the acquired Hebei customer
    list, share-based compensation, and a change in the fair value of derivative liabilities.
  5. [verwijderd] 9 augustus 2011 13:45
    SixMonthFinancialResults

    Revenue for the six months ended June 30, 2011 increased 79.2% to $204.9 million from $114.3 million. During
    the same time period, gross profit was $119.1 million, compared to $63.9 million in the first six months of
    2010. Operating income in the first six months of 2011 was $62.8 million, compared to $35.5 million in the
    first six months of 2010. Net income attributable to Yongye for the first six months of 2011 was $47.9 million,
    compared to $28.6 million in the prior year period. In the first six months 2011, net income per diluted share
    was approximately $0.94, as compared to $0.64 diluted earnings per share for the same period of 2010.

    FinancialCondition

    As of June 30, 2011, the Company had $74.9 million in cash and restricted cash, compared to $42.0 million as
    of December 31, 2010. Working capital was $232.5 million, compared to $124.3 million at the end of 2010. The
    Company has $15.5 million in short-term bank loan and $1.5 million in long-term debt as of June 30, 2011.
    Stockholders' equity totaled $286.6 million as of June 30, 2011, compared to $225.1 million at the end of
    2010. Cash flow used by operating activities was $27.8 million and $9.2 million for the six months ended
    June 30, 2011 and 2010, respectively. The increase was primarily driven by higher accounts receivables, and
    higher deposits to suppliers, but was partially offset by higher accounts payable and accrued expenses.

    RecentDevelopments

    * On June 20, 2011, Zishen Wu, Chairman and Chief Executive Officer of Yongye International, completed the
    purchase of $3.0 million worth of shares of the Company's Common Stock in open market transactions pursuant to
    a Rule 10b5-1 plan. The weighted average purchase price was US$5.40 per share. The share purchase demonstrates
    Mr. Wu's confidence in the Company and his belief that the shares are currently undervalued.
    * In June 2010, the Company closed the announced $50 million equity investment by MSPEA Agriculture Holding
    Limited ("MSPEA"), an affiliate of Morgan Stanley, and also announced the appointment of Mr. Homer Sun, Managing
    Director of Morgan Stanley who leads Morgan Stanley Private Equity Asia's China Investments, to the Board of
    Directors of the Company. The Company entered into a Securities Purchase Agreement with MSPEA and the Company's
    largest shareholder, Full Alliance International Limited, pursuant to which MSPEA purchased 5,681,818 shares of
    the Company's convertible preferred stock for an aggregate purchase price of $50 million on June 9, 2011.
    * On June 8-9, 2011, the Company hosted an analyst/investor event in Beijing and Hohhot, Inner Mongolia.
    * In May 2011, the marketing team and Nan Xu, General Manager of the National Sales Center of Yongye Nongfeng
    received the "Jin Ding Award" at the 8thChinaMarketingForum, a top honor in the marketing field in China.

    BusinessOutlook

    The Company also announced that it is increasing both top and bottom line guidance for 2011. Previous guidance
    included revenues of $315 million to $325 million and adjusted net income of $80 million to $82 million.
    Revised guidance now includes revenue of $335 million to $345 million and net income, which excludes non-cash
    expenses related to share-based compensation for management and independent directors, the amortization of the
    acquired Hebei customer list, and a change in the fair value of derivative liabilities of $85 million to $87
    million. The Company also expects to expand its branded retailer network to at least 30,000 by the end of 2011,
    which represents a 24.8% increase over the 2010 year-end number of 24,036.

    ConferenceCall

    The Company will host a conference call at 8:30 a.m. Eastern Time on August 9, 2011, to discuss its second
    quarter 2011 results.

    To participate in the live conference call, please dial the following number five to ten minutes prior to the
    scheduled conference call time: +1 (866) 519-4004. International callers should dial +1 (718) 354-1231. The
    conference pass code is 900 00 337.

    For those who are unable to participate on the live conference call, a replay will be available for fourteen days
    starting from 11:30 a.m. Eastern Time on August 9 to 23:59 Eastern Time on August 23. To access the replay,
    please dial +1 (866) 214-5335. International callers should dial +1 (718) 354-1231. The replay pass code is 900
    00 337. A webcast recording of the conference call will be accessible through Yongye's website at
    www.yongyeintl.com.

  6. [verwijderd] 9 augustus 2011 14:19
    YONG - Second Quarter 2011 Financial Highlights
    Stock handelt rond de 4-4.5$

    Revenue in the second quarter of 2011 increased 73.0% to $154.7 million from $89.4 million for the same period of 2010

    *Gross profit increased 83.4% year-over-year to $91.8 million

    *Income from operations increased 72.5% to $51.5 million

    *Net income attributable to Yongye increased 63.1% to $39.5 million, or $0.77 per diluted share, compared to $24.2 million, or $0.54 per diluted share, in the same period last year

    Adjusted net income attributable to Yongye, which excludes non-cash expenses related to share-based compensation for management and independent directors, the amortization of the acquired Hebei customer list, and a change in the fair value of derivative liabilities, was $40.5 million, or $0.82 per diluted share, compared to $24.1 million, or $0.54 per diluted share, in the same period last year*
  7. [verwijderd] 10 augustus 2011 00:27
    quote:

    330ix schreef op 9 augustus 2011 23:38:

    Ik dank jullie voor de informatie.
    Gelet op het koersverloop van vandaag van het aandeel Yong lijkt het mij beter om dit aandeel links te laten liggen. De cijfers maken slechts enkele uren indruk op de belegger.

    Groet
    Probleem is alleen 4mln shorts in juni tijdens morgan stanley nieuws van hu 50mln commitment.
    Verder zo goed als geen institutionele interesse. En voor de MS commitment werd ie actief omlaag gepraat als scam etc.
    MS actief in board of directors en zo een grote investering -> tegendeel van scam.

    Dus is nu rustig wachten totdat de retail handjes eruit zijn en inst percentage oploopt.

    Ik zal zit draadje ook over 9-12mnd weer aanhalen.
    Ben zelf trader, maar ook enkele LT posities, dit is er van de week 1 van geworden.

    Nu is het gewoon grootste partij in control en dat is 4mln short positie. Inst percentage zal toenemen en short percentage afnemen.

91 Posts
Pagina: 1 2 3 4 5 »» | Laatste |Omhoog ↑

Meedoen aan de discussie?

Word nu gratis lid of log in met je emailadres en wachtwoord.

Direct naar Forum

Indices

AEX 913,25 -0,03%
EUR/USD 1,0869 +0,02%
FTSE 100 8.420,26 -0,22%
Germany40^ 18.716,50 -0,12%
Gold spot 2.417,06 +1,69%
NY-Nasdaq Composite 16.698,32 -0,26%

Stijgers

NX FIL...
+8,76%
VIVORY...
+6,12%
Sif Ho...
+4,09%
RENEWI
+3,21%
HEIJMA...
+3,08%

Dalers

Corbion
-3,97%
ADYEN NV
-3,20%
EBUSCO...
-3,00%
SIGNIF...
-2,50%
PROSUS
-2,29%

Lees verder op het IEX netwerk Let op: Artikelen linken naar andere sites

Gesponsorde links