GUSHAN ENVIROMENTAL ENERGY LTD
(BIODIESEL ENERGY CHINA)
Shares outstanding 166,832,80O
Market cap $316,980.800
Cash at the bank $178.5 million
NO DEBT AT THE BANK AS OF 10/11/2008
P/E 3.8773
Sales volumes increasing but gross profit decreasing reasons are falling oil/diesel prices and no fall in raw materials impacting on profit problems are down to economic recession and the raw materials problem is been addressed by negotiating new prices with suppliers.
2008 dividend yield 6.4% not found for 2009 (yet)
Company is diversifying by looking at alternative feed stocks this can be achieved by using rape seed oil which when pressed to remove the oil for the diesel and it leaves a by product high in protein to go into animal feed for example.
52 week low was $1.51 trading today 11/02/09 at $1.80 @ 21:03 hrs.
52week high was $17.95 on company website stock quote link is below
Next set of results 4th quater 2008 should be out approx mid Feb
The above information is from the 3rd quater press release and Gushan finacial tear sheet links listed below
http://ir.chinagushan.com/phoenix.zhtml?c=201174&p=irol-newshttp://ir.chinagushan.com/Tearsheet.ashx?c=201174http://ir.chinagushan.com/phoenix.zhtml?c=201174&p=irol-stockquote
THEOUTSIDER I have looked into this and so far the problems are been worked on I do however look forward to the 2008 4th quater report which is due soon in my opinion this share is worth a closer look and I will be happy for other people to point out if I have missed something.
I will have this on my radar that is for sure but I will use spreadbetting instead of direct investment.
I would say hold off for the 4th quater report to clarify the problems are been tackled in a positive way and I would hold off until May time as the USA is expected to start recovery in second half of the year but with markets been volatile at the moment you never know it might have a new low.
I thank you for giving me a chance to have a look and give my opinion.
I hope this is of use to you and good luck.
Cheers lofty I've dipped my toes into these 3 also, if you have time see what you think ASYS,ORA,US Geothermal,I was thinking of gushan above for mid year bite into myself,