I expect news mid next week to the effect that Zinc circuit is on line and agreements have been signed to sell it much the same way as they did for their copper concentrate.
Also next week to watch is the first shipment at higher copper concentrate %. In the past shipments were in the 8M$ range and if copper % has increase by 25%, i would not be surprised to see a 10M$ shipment.
All together, TVI is again showing consistency in shipments and achieviement of their projects on time. The shares are still not reflecting the real value of this company and the thing is that one day without notice or major news release, it will start to climb as it is often the case with micro-cap companies.
As a pure play TVI has not yet achieved the expected return on investment, but patience will get us there.
Also note that Q1 results should be released mid may and balabag drillings test should be completed by the end of May. Personnally ithink their results will be very good and they will give a green light to starting of this new mine increasing the total TVI mine life by a couple of years.
When you look at the complete picture, TVI has a lot on their plates for the coming 6 weeks and still cannot find bad press release in the near future.
TVI is still one of my favorite picks for this year.
vendredi 30 avril 2010
ALERT BPOP
Get ready for exciting news. I think that FDIC will take over control of at least 2 Puerto Rico banks and with a bit of luck, BPOP will be the one that will take over.
If that was to be the case, expect a very good rally early next week after maybe a small pull off (5%)
If that was to be the case, expect a very good rally early next week after maybe a small pull off (5%)
lundi 26 avril 2010
ALERT SSS
Based upon news this morning, we could be experimenting a fantastic leg up for SSS.
No major resistance in sight (at least before 0,45) and good share pirce increase this morning with relatively mid range volume.
IF volume was to pick up a bit more, i expect a return to over 0,50 this week and within the next 4 weeks share price could be over 0,75 awaiting news from their latest Phase 11B and based upon wording from SSS in their news release, the tone of it makes me believe it could be really good as they did not used the usual formal text to announce the end of their phase 2b.
quote:
This exhilarating period in the Company's development is the culmination of solid support from the Company's shareholders, management and research and development team. SCT looks forward with great anticipation to the soon to be announced top-line results of the modified REGENESIS- trial as this truly marks a key milestone in the development of this new therapy for stroke patients. With enrollment of the modified Phase IIb stroke trial ended and data analysis commencing top-line results are expected within the next 4 weeks, significantly earlier than the "end of Q2" target that we previously discussed."
end quote.
It is more enthousiatic than before telling me to read between the lines.
In any case, SSS should be play safely meaning that if you bought on dips and sold also on momentum, your cost should be close to 0,20. So, if you can get your cost to almost 0 then whatever is left will be on the house.
If that trial was to be conclusive, expect many great company to knock on their door for a join venture and from there, the share price would explode. Remember that their share float is only 134M shares. Not really high for a pharma research company.
Their management is rated 4 stars by morningstar and without a doubt this is one of my great picks for this year.
As usual, be reponsible, do not bet the barn on only 1 stock and do not invest more than you can afford to loose.
No major resistance in sight (at least before 0,45) and good share pirce increase this morning with relatively mid range volume.
IF volume was to pick up a bit more, i expect a return to over 0,50 this week and within the next 4 weeks share price could be over 0,75 awaiting news from their latest Phase 11B and based upon wording from SSS in their news release, the tone of it makes me believe it could be really good as they did not used the usual formal text to announce the end of their phase 2b.
quote:
This exhilarating period in the Company's development is the culmination of solid support from the Company's shareholders, management and research and development team. SCT looks forward with great anticipation to the soon to be announced top-line results of the modified REGENESIS- trial as this truly marks a key milestone in the development of this new therapy for stroke patients. With enrollment of the modified Phase IIb stroke trial ended and data analysis commencing top-line results are expected within the next 4 weeks, significantly earlier than the "end of Q2" target that we previously discussed."
end quote.
It is more enthousiatic than before telling me to read between the lines.
In any case, SSS should be play safely meaning that if you bought on dips and sold also on momentum, your cost should be close to 0,20. So, if you can get your cost to almost 0 then whatever is left will be on the house.
If that trial was to be conclusive, expect many great company to knock on their door for a join venture and from there, the share price would explode. Remember that their share float is only 134M shares. Not really high for a pharma research company.
Their management is rated 4 stars by morningstar and without a doubt this is one of my great picks for this year.
As usual, be reponsible, do not bet the barn on only 1 stock and do not invest more than you can afford to loose.
vendredi 23 avril 2010
UPDATE MPEL
MPEL is as it's resistance point. If it was to close over 5,10$ expect a leg up next week to 5,24$
ALERT PXLW
Seems that the blood bath is over as buyers are back in.
Expect rally to close near 5,00$
Expect rally to close near 5,00$
ALERT DAN
Based upon number of call / put contracts, expect a good leg up leading to earnings release next week.
ALERT PXLW
Very bad results gives very high dumping.
As it stands now it is already oversold. At 4,50 it could be a great time to get back in but i do not see (based upond their Q2 guidance) another good leg up for the next 60-90 days and mostly sideways trading.
But, if you were in at first reccomendation (about 1,25$) you are still in a great profit position.
Patience could be rewarded but expect a bumpy ride.
As it stands now it is already oversold. At 4,50 it could be a great time to get back in but i do not see (based upond their Q2 guidance) another good leg up for the next 60-90 days and mostly sideways trading.
But, if you were in at first reccomendation (about 1,25$) you are still in a great profit position.
Patience could be rewarded but expect a bumpy ride.
jeudi 22 avril 2010
ALERT PXLW
Results under my expectations and very suprised by Q2 expectations.
Not sure how the market will play but could mean time to grab some profit early tomorrow.
Expect either oversell or overbuy as i think it will be mix emotions.
Not sure how the market will play but could mean time to grab some profit early tomorrow.
Expect either oversell or overbuy as i think it will be mix emotions.
mercredi 21 avril 2010
ALERT PXLW
Based upon previous quarters, i expect PXLW to beat again management guidance and report profit of 0,52 per share.
If that is to happen, watch the stock start it's biggest leg up for the past 3 years. I would not be surprised to see PXLW gets up to 10,76$ before end of June for a whopping 100$ return from today's value.
The 10,76$ is a figure from actual results to be published tomorrow and expectation from management that they have a tendancy to beat regularly.
Do not forget that customers have started to buy more (retail sector) thus influencing the manufacturer's business even before retail show improvement.
Do not be surprised to see management expectation over 0,60 in Q2 and a 2010 year's profit over 2,40$ per share. You know maths so to me Dec 31st value of PXLW should be close to 17$.
Also expect some profit taking tomorrow before end of day
If that is to happen, watch the stock start it's biggest leg up for the past 3 years. I would not be surprised to see PXLW gets up to 10,76$ before end of June for a whopping 100$ return from today's value.
The 10,76$ is a figure from actual results to be published tomorrow and expectation from management that they have a tendancy to beat regularly.
Do not forget that customers have started to buy more (retail sector) thus influencing the manufacturer's business even before retail show improvement.
Do not be surprised to see management expectation over 0,60 in Q2 and a 2010 year's profit over 2,40$ per share. You know maths so to me Dec 31st value of PXLW should be close to 17$.
Also expect some profit taking tomorrow before end of day
UPDATE AIR CANADA
Flights should be starting to resume gradually and fears will also decline as to the dammages to the company.
Losses will be minimal to AC.B and i expect a return to normal this week
Shares should get back into 'flight mode' early next week.
Losses will be minimal to AC.B and i expect a return to normal this week
Shares should get back into 'flight mode' early next week.
mardi 20 avril 2010
UPDATE PXLW
Looking at earning per share, PXLW is still the only company with an P/E ratio under 12. All others are well above them.
For example: Techwell are at 121
National Semiconductor 59
Texas Instruments 23
And so on.
RIght the size of the company is by far less than the others but imagine what could great earnings could do to this stock.
For example: Techwell are at 121
National Semiconductor 59
Texas Instruments 23
And so on.
RIght the size of the company is by far less than the others but imagine what could great earnings could do to this stock.
UPDATE PXLW
What a good rebound for PXLW. Was able to pick some more at 4,95$ yesterday.
Now will see thursday if their numbers are comparable in performance to the other tech companies.
If that was to be the case, well expect a great run up by another 1$ ending this week near 6,50$
Now will see thursday if their numbers are comparable in performance to the other tech companies.
If that was to be the case, well expect a great run up by another 1$ ending this week near 6,50$
vendredi 16 avril 2010
ALERT DAN
DAN is back into the game for another run pre Q1 announcements.
At that speed, i would not be surprise to see a sell on the news followed by a GREAT leg up 1 week after.
At that speed, i would not be surprise to see a sell on the news followed by a GREAT leg up 1 week after.
ALERT AC.B
After yesterday consolidation and investors spooked because of iceland volcano eruption, expect a run up today to pre iceland levels (about 2,52$)
mercredi 14 avril 2010
UPDATE DAN
What a ride from DAN. Very nice leg up and close to unchartered territories.
IF DAN stays in the same range until friday, then until Q1 is released expect another great leg up and probably a sell on the news.
So the way to play it safe would be to put stop loss order the day of number release on April 29th.
Then buy on the dip.....
IF DAN stays in the same range until friday, then until Q1 is released expect another great leg up and probably a sell on the news.
So the way to play it safe would be to put stop loss order the day of number release on April 29th.
Then buy on the dip.....
mardi 13 avril 2010
UPDATE NRI (reverse split)
I have been advocating a stop to the idea of a Reverse Split on the NRI stock for many reasons.
The first one is opening the door to further dilution. When you have management diluting stock over the years like they did (even if the reasonning was ok and need of funds was there) it is a great concern to have that stock reversed as a 10 or 20 or 40 to 1. Imagine what they would do if in 1 or 2 years they were in need of cash for whatever reason, what would they do: issue more shares...they could do it actually. Sure but even 10M new shares would only represents 2,5%. Now imagine 1M shares out of 20M: it's a 5% dilution. Could you imagine a company issuing only 500 thousnads shares? Come on, you know it does not work like that. Any new share issuance are in the 10'th of millions.
The second one is results coming from the Pensaid sales in the USA. It shoudl start happening soon and why not give a chance to see some real numbers before doing any kind (or asking for the right to do it) of reverse split. It is not needed at this time nor in the very near future. They could easily wait another year. The bank is fully loaded with money and there are no major projects in sight. Rememebr that all expenses relating to Pensaid and Pensaid + developments are paid by Coviden. So why the rush???
The third reason is the lack of communication. Honestly we do not have a clue of what is going on with Nuvo. It is hard to get answers from them, they do not give any follow up on their projects. They seems like tight lips on everything. Why is that? what are the goals of keeping everything so confidential? Are they afraid that if we knew what was happening that the share would rise???
One may consider the fact that nothing is happening out there. After all, they have the obligation to disclose any events affecting (positive or negative) the company.
Last but not the least, i am still awaiting anybody who could name me 1 (only 1) company that saw their shares increased over the years after they did a reverse split. It does not work like that.
Note also that it will not change their market cap (value) only the number of shares available.
So why is this so urgent: oh yeah getting listed on an american exchange... WOW big deal.
Compare that to AEZ (Aeterna Zentaris). They have been listed for so long on the US exchanges. But they still had to endure a drop from 2,83$ in 2009 to a bit over 1$ today.
The only way to get a company share price increase is to have their VALUE increase. They can do that by eliminating debt (it is already done) and increase revenues. I think Pensaid will do that.
So owning 10,000 shares of Nuvo at 6$ or 200,000 at 0,30 does not make a difference today.
Getting listed on nasdaq or amex will not do any difference either. It may attract new shareholders but at what discount price?
COMPANY VALUE will increase your value as shareholder.
So in my opinion, whenever you get your package (if you do not please get a control number from your broker) vote NO for the share consolidation for now.
When we know 2-3 quarters of results, i may change my mind but for the moment it is a clear no.
Enough is enough. Product is great, future looks great, let the long timers owners of NRI get back some of their investment.
The first one is opening the door to further dilution. When you have management diluting stock over the years like they did (even if the reasonning was ok and need of funds was there) it is a great concern to have that stock reversed as a 10 or 20 or 40 to 1. Imagine what they would do if in 1 or 2 years they were in need of cash for whatever reason, what would they do: issue more shares...they could do it actually. Sure but even 10M new shares would only represents 2,5%. Now imagine 1M shares out of 20M: it's a 5% dilution. Could you imagine a company issuing only 500 thousnads shares? Come on, you know it does not work like that. Any new share issuance are in the 10'th of millions.
The second one is results coming from the Pensaid sales in the USA. It shoudl start happening soon and why not give a chance to see some real numbers before doing any kind (or asking for the right to do it) of reverse split. It is not needed at this time nor in the very near future. They could easily wait another year. The bank is fully loaded with money and there are no major projects in sight. Rememebr that all expenses relating to Pensaid and Pensaid + developments are paid by Coviden. So why the rush???
The third reason is the lack of communication. Honestly we do not have a clue of what is going on with Nuvo. It is hard to get answers from them, they do not give any follow up on their projects. They seems like tight lips on everything. Why is that? what are the goals of keeping everything so confidential? Are they afraid that if we knew what was happening that the share would rise???
One may consider the fact that nothing is happening out there. After all, they have the obligation to disclose any events affecting (positive or negative) the company.
Last but not the least, i am still awaiting anybody who could name me 1 (only 1) company that saw their shares increased over the years after they did a reverse split. It does not work like that.
Note also that it will not change their market cap (value) only the number of shares available.
So why is this so urgent: oh yeah getting listed on an american exchange... WOW big deal.
Compare that to AEZ (Aeterna Zentaris). They have been listed for so long on the US exchanges. But they still had to endure a drop from 2,83$ in 2009 to a bit over 1$ today.
The only way to get a company share price increase is to have their VALUE increase. They can do that by eliminating debt (it is already done) and increase revenues. I think Pensaid will do that.
So owning 10,000 shares of Nuvo at 6$ or 200,000 at 0,30 does not make a difference today.
Getting listed on nasdaq or amex will not do any difference either. It may attract new shareholders but at what discount price?
COMPANY VALUE will increase your value as shareholder.
So in my opinion, whenever you get your package (if you do not please get a control number from your broker) vote NO for the share consolidation for now.
When we know 2-3 quarters of results, i may change my mind but for the moment it is a clear no.
Enough is enough. Product is great, future looks great, let the long timers owners of NRI get back some of their investment.
UPDATE BPOP
WOW ! What a nice leg up today.
After a set back (time to take some profit) i would not be surprised to see another push tomorrow.
This is clearly the winner of this week (so far)
Expect also a return to the 5,60-6,00$ for PXLW. It was major profit taking before earnings. remember that for the last quarters, PXLW has always been at the top of managmenet expectations and if it was to be the case again for Q1 2010 it would mean about 0,40 cents profit per share or 1,60 annualized profit. Techno caompanies often get up to 12 X their revenues per share as a valuation. It it was to be then the next value within the next 3 montsh would looks like 19,20$ per share. Personnally i would be very satisfied with a share price of 10$ meaning only a 6X net revenues.
Will see but i think it is possible.
After a set back (time to take some profit) i would not be surprised to see another push tomorrow.
This is clearly the winner of this week (so far)
Expect also a return to the 5,60-6,00$ for PXLW. It was major profit taking before earnings. remember that for the last quarters, PXLW has always been at the top of managmenet expectations and if it was to be the case again for Q1 2010 it would mean about 0,40 cents profit per share or 1,60 annualized profit. Techno caompanies often get up to 12 X their revenues per share as a valuation. It it was to be then the next value within the next 3 montsh would looks like 19,20$ per share. Personnally i would be very satisfied with a share price of 10$ meaning only a 6X net revenues.
Will see but i think it is possible.
ALERT BPOP
Seems that even if numbers were not that great, reaction is very good.
Be carefull with the first 30 minutes smoke screen but could be today's winner
Be carefull with the first 30 minutes smoke screen but could be today's winner
lundi 12 avril 2010
What to expect tomorrow morning
A close watch on the early session is appropriate as it could be another round of selling on the news.
Market have rallied a lot in the last 3 months and it could be time to cash in some profit to buy back on the dip.
Wait after the 10:00 am mark to make any moves as sometimes it is extremely volatile during that first 30 minutes of trading.
Asian market seems to be mixed. Keep an eye open but resist not to move too rapidly.
Expect another leg up from DAN, AC.B and return to normal from PIXLW.
BPOP should be shaking on early trading so it could be a good time to buy on the dip as it could be pressured down a lot.
Market have rallied a lot in the last 3 months and it could be time to cash in some profit to buy back on the dip.
Wait after the 10:00 am mark to make any moves as sometimes it is extremely volatile during that first 30 minutes of trading.
Asian market seems to be mixed. Keep an eye open but resist not to move too rapidly.
Expect another leg up from DAN, AC.B and return to normal from PIXLW.
BPOP should be shaking on early trading so it could be a good time to buy on the dip as it could be pressured down a lot.
UPDATE NRI
It seems that all documents have been posted in time and all shareholders should be receiving theirs on time...
If you do not get them request a control number from your broker allowing you to vote on line.
Remember that this one is very important regarding the Reverse split to be approved.
If you do not get them request a control number from your broker allowing you to vote on line.
Remember that this one is very important regarding the Reverse split to be approved.
UPDATE NRI
The next annual meting is on april 29th and many complaints have been formulated as to the fact that proxy material has not been received.
I sent some minutes ago the question to NRI investor relation and here is the question asked:
Good morning Mr Peeler,
As you know NRI is one of my top picks for 2010 and listed as so on my blog :
thestockstarsearch.blogspot.com
I am earing that many shareholders have not yet received their proxy documents and material for the next AGM scheduled to be on April 29th and I find it very difficult to understand especially because of the approval from shareholder of a reverse split that is very contested to say the least.
ALL shareholders are supposed to be already in possess of those documents to give them enough time to make up their mind and vote accordingly and I am very surprised to hear that as it does not seem to be an isolated incident. I am a long shareholder of NRI and have not received any documents either.
Can you tell my readers what is happening and how Nuvo Research will correct the problem.
This question and your answer will be posted on my blog as soon as received.
Have a great day
The answer will be posted here as soon as i get it but in the meantime, it seems very strange from a company like NUVO especially with the reverse split they want the shareholder to approve.
Will keep you updated.
I sent some minutes ago the question to NRI investor relation and here is the question asked:
Good morning Mr Peeler,
As you know NRI is one of my top picks for 2010 and listed as so on my blog :
thestockstarsearch.blogspot.com
I am earing that many shareholders have not yet received their proxy documents and material for the next AGM scheduled to be on April 29th and I find it very difficult to understand especially because of the approval from shareholder of a reverse split that is very contested to say the least.
ALL shareholders are supposed to be already in possess of those documents to give them enough time to make up their mind and vote accordingly and I am very surprised to hear that as it does not seem to be an isolated incident. I am a long shareholder of NRI and have not received any documents either.
Can you tell my readers what is happening and how Nuvo Research will correct the problem.
This question and your answer will be posted on my blog as soon as received.
Have a great day
The answer will be posted here as soon as i get it but in the meantime, it seems very strange from a company like NUVO especially with the reverse split they want the shareholder to approve.
Will keep you updated.
vendredi 9 avril 2010
ALERT DAN
Dan is getting ready to make a move.
Expect early next week to either cross the 13,30$ resistance level or take another break in the 12,50$ area.
Expect early next week to either cross the 13,30$ resistance level or take another break in the 12,50$ area.
UPDATE NRI
Be carefull this morning as NRI could do one of 2 things:
1) It could jump over it's 0,30 resistance and this happening expect a great leg up
2) It could get back to 0,28 then at that timie check the bids and ask to see where is the pressure. If it is a great amount of ask and no buying, then it could be time to cash in you profit as it could all have been a smoke screen as we see often.
The first 30 minutes will probably tell us.
1) It could jump over it's 0,30 resistance and this happening expect a great leg up
2) It could get back to 0,28 then at that timie check the bids and ask to see where is the pressure. If it is a great amount of ask and no buying, then it could be time to cash in you profit as it could all have been a smoke screen as we see often.
The first 30 minutes will probably tell us.
jeudi 8 avril 2010
ALERT NRI
Well what a good day it was...
NRI closed almost at it's high of the day.
Now what to look for tomorrow:
1) before the bell, expect the bid to increase at least to the ask level and enough to remove ALL the ask
2) A steady for regular flow of 10K blocks and more bought at the ask NOT sold to the bid
3) Over 2M shares trade before lunch time without going back to less than 0,29
4) If all conditions are met and no news release, something is coming and it has leaked.
5) Watch for a huge block over 100K sold at once. If that happen be careful as the increase from today could only be a smoke screen by day traders wanting to sell you their shares at a very high price.
6) If true expect a news release before end of day or early monday morning.
NRI closed almost at it's high of the day.
Now what to look for tomorrow:
1) before the bell, expect the bid to increase at least to the ask level and enough to remove ALL the ask
2) A steady for regular flow of 10K blocks and more bought at the ask NOT sold to the bid
3) Over 2M shares trade before lunch time without going back to less than 0,29
4) If all conditions are met and no news release, something is coming and it has leaked.
5) Watch for a huge block over 100K sold at once. If that happen be careful as the increase from today could only be a smoke screen by day traders wanting to sell you their shares at a very high price.
6) If true expect a news release before end of day or early monday morning.
mercredi 7 avril 2010
ALERT TVI
Wow: another prepayment.
So the good news keeps flowing. Now just imagine the interest savings for the next 3 quarters. That will be amazing. Remember that it was calculated at about 25% interest rate. So with re-payment since last year of nearly 20M$, the savings will be 1,25M$ per quarter.
That is very good and it is again increasing share value.
Unless I am totally wrong, we should also get 2 more news this month: the name of the trading house for the zinc and the start-up of the zinc circuit.
One of those days, without warning, this stock will climb rapidly.
So the good news keeps flowing. Now just imagine the interest savings for the next 3 quarters. That will be amazing. Remember that it was calculated at about 25% interest rate. So with re-payment since last year of nearly 20M$, the savings will be 1,25M$ per quarter.
That is very good and it is again increasing share value.
Unless I am totally wrong, we should also get 2 more news this month: the name of the trading house for the zinc and the start-up of the zinc circuit.
One of those days, without warning, this stock will climb rapidly.
mardi 6 avril 2010
ALERT ETFC
It's on the run. Major resistance at 1,70 has been taken down. Expect a good run-up maybe 1,80$
ALERT PXLW
The consolidation phase is in progress. This is a good dip to get back in if you took some profit lately.
Expect end of consolidation tomorrow at about same price of 5,50-5,60$
Expect end of consolidation tomorrow at about same price of 5,50-5,60$
ALERT TVI
The ask wall is moving higher. It could be the right day for some news release. Zinc ???
Most of the time news are leaked before they happen and at those times, asks change direction and this is what is happening this morning.
Will see today or tomorrow but not the right day to take profit on TVI. Hold on!
Most of the time news are leaked before they happen and at those times, asks change direction and this is what is happening this morning.
Will see today or tomorrow but not the right day to take profit on TVI. Hold on!
lundi 5 avril 2010
TVI 2010 You do not want to miss this one!
TVI final numbers have been released and even if they contain no mathematical surprises, there is one major item gone: the infamous GOING CONCERN.
By itself this paragraph could mean a major difference between investing and restraining from buying by some major institutional and many retail investors.
In this article there will be no reference to the share price even if it has been very deceiving, to say the last, over the last couple of months but will try to focus on share value as we all know that the share price is what the market gives as result of trades as opposed to share value where all members of TVI are working toward the same goal of increasing that value.
I am of the category of investors who think that whenever a company increase the total company value, market will follow but in an uncontrollable way and time. So to say that ceo and other members of administrative committee should concentrate on share price is by itself an error. THE ONLY value they can increase is the total company value. There are also no references to past problems, deals and everything else as I think everything that had to be said was said and it’s time to look ahead even if it is tempting sometimes to look at how the company could be perceived by some.
So let see in details what’s in 2009 final numbers and 2010 estimates.
2009
Record revenues of 67M$
Record net income of 18M$
Elimination of 46% of the debt (some events subsequent to Dec 31st)
And I could go on and on and on. So for 2009 we all know the story and it was really good on every aspects of the business. If I was to present a Phoenix trophy they would be a major candidate. For a company that was technically bankrupt early 2009, they did a fantastic job of recovering and going forward and all of that against all odd. Who would have bet the house on this company??? Not too many. Sure many bought 100K shares when it did hit 0,01 but that was speculation NOT investment.
For their achievements and moving that train back on its rails, TVI deserve a score of 10
So what’s in it for 2010?
Increase production permit = possibly more ore drilled increase and I mention possibly because if mining increase by 10% mine life will decrease by same %. I would rather presume that TVI will continue to mine at about the same pace(enough to ship every 6 weeks) and keep revenues stream pretty stable over this year. Even if copper price is increasing I would rather use that excess mining tonnage allocated toward the other developments coming to life this year. Naturally, tonnage is not cumulative and if no mining is expected at Balabag, a small % increase could increase revenues to the level needed to eliminate loan and speed up other projects (Balabag and Greater Canatuan area)
Sustainability was proven to be possible from the last 12 months results. They have constantly produced month after month what they said they will and more. There are no doubts in my mind that they will do the same in 2010 and I would not be surprised to see an increase in the total tons of copper sold. (Do not forget that they will be increasing the % of copper to 25% instead of 20%. So tonnage may stay the same but net copper in concentrate will have increased thus increasing revenues.
They have also worked a lot on transparency. This eliminates surprises and stabilize stock price avoiding the biggest ups and downs due to an unknown future. For example it would have been a surprise to have a second shipment in March 2010 but stock may have retreated before the news. We cannot any longer say that TVI is a secret company. The moves have been called in advance and even if timing sometimes differs a bit, they are delivering as expected. Their web site (including Facebook) and IR efforts are definitely the best in their class. They came a long way from where they were before and I would even say that they have set some kind of standard for companies in their situation. Let the world know the story, follow and execute the plan. This is a good value increase factor for TVI.
Less shipments is also a very good idea as the higher concentrate they ship, the less shipment they need to keep same receivables. As of today the cost of a ship is about 30K$ per day (based upon renting fare from OCNF one of the major shipping company). So if they were to save 20% on number of shipments, it could means close to 1,1M$ per year based on a 15 days trip back and forth.
Also it gives more time for repairs and maintenance. Do not forget that this is the 2nd year of production and they never had any breakdown. Most probably one will come this year as the mean time between failures (or major maintenance) is about in that range (MTBF). It would be very surprising to see Canatuan mill continues to be problem free for another year even if maintenance is performed as per their schedule.
Mine life extension is one of the major problems for TVI. They are executing their plan exactly as it should be but at the end, mine life remaining is still only about 3,4 years and based upon a reality check where copper % is great enough to makes mining profitable, I would say that the real mine life is about 2,6 years before they gets to the end of profitable mining. So they have to increase that life span NOW and it does put in great perspective the deal signed with DACON that will accelerate the finding of new copper zone in the greater Canatuan. Without any new discovery, expect extinction of mine by late 2012 early 2013.
The biggest advantage of the Greater Canatuan is first the trucking distance. Those sites are so close (about 15km) to the actual Canatuan mining site that they won’t need any major investment in infrastructure to operate. All new ore can be process at the actual Canatuan mill. 1 or 2 trucks will do the job! Canatuan expansion will be definitely starting to add to mine life this year or very early 2011. It maybe not that much at the beginning but enough to add 2-3 years to current mine life and maybe 5-7 years by the end of 2011. Don’t forget also that based on their 2009 management review, they are exploring many others avenues to increase mine life in most of the surrounding areas and other mineralized land they own.
The infamous loan repayment: can wait till end of the year. There is simply no hurry to repay until we are well into Q4 as for the moment I think money is more needed in drilling at Balabag and studying Tamarok. Bad timing of the repayment could delay Balabag in case of breakdown or major sea storm where 1 shipment could be missed. I think they should complete Balabag and then repay the loan. It was also interesting to find out some more details about the fact that the advisor is no longer entitled to a 40% fee but 36% and not on cash flow but net profit. In the past no details were given as to what should be interpreted as cash surplus but finally 2009 financial review says that it is cash earned by TVIRD in excess of cash required for operating, financing and investing activities. Any voluntary repayment will also decrease the advisor fee furthermore.
Not exactly a new project but zinc is coming and coming fast. Before end of April we should be made aware of who the trading company will be and when to expect the real start-up of the zinc circuit. Then 4-6 weeks later, expect full production of about 1000 tons per month. That’s another 1M$ per month to add up or at least compensate for decrease in copper %. I think also that the zinc will not diminish the copper production and it will be a complement as actually zinc is lost in the dam during refining process. (Clarified in plain English on the TVI discussion page on Facebook
(quote)
It’s possible that we may have had a terminology disconnect when we were speaking of the treatment and refining charge. I was referring to the TC/RC (treatment charge/refining charge), which is an amount charged by the receiving smelter for the treatment of the concentrate before they can smelt. It’s not related to TVI’s treatment costs. It’s charged by the tonne of concentrate shipped, independent of the copper content of the concentrate. So if we ship 1 tonne with 20% copper, we pay the same tc/rc as when we ship 1 tonne with 25%. But we get paid more for the latter, hence the “savings”.
On the TVI side the processing costs are not significantly higher when increasing the concentrate grade. The higher copper concentrate grade is achieved by putting the concentrate through additional flotation steps. The additional flotation process “cleans” the concentrate by further removing dilutants which include among others, significant amounts of zinc. Until we have the zinc circuit on line (designed to recover the zinc), we will need to continue with what we have been doing to date, which is mining and blending the ore to minimize the amount of zinc fed to the process and and dilute the copper concentrate down to insure we are below the maximum limits specified by the buyers’
(end quote)
Balabag drilling should be done in the next 2 months and I suspect it will be a nice surprise as the needed 50,000 AuEqOz will be confirmed and bootstrap mill will be put in service before year end. This should bring in maybe 5M$ (if lucky enough) and build-up of mill start early in Q4. For 2011, this will add up great overall mine life for TVI and very nice revenue in the range of 10M$ per year for the mine life expectation that I expect to be close to 6 years.
Tamarok (and Tapisa) could be the biggest star for 2012 as if it is to be close to Tampakan in overall value, well get ready for a major boost in share value and mine life extension. I do not expect any revenues until end of Q4 2011 if everything goes well and if they decide to go with a very small mining installation to start with.
Metal price will continue to raise and I would not be surprised to see 3,90-3,99$ before year end as supply is pretty stable and demand is still rising especially from China. Do not forget also that first electric cards production to start early 2011 and this will increase again the copper demand.
Metal recovery % could be a problem in the Canatuan primary area. As indicated on initial resources measured after 2,4M tons mined the copper % decrease to less than 1% meaning extra cost and less revenues. The remaining mine life is probably at about 3,3 years but removing tonnage from less than 1% copper reduce mine life to around 2,5 years. (original estimations are 2,4M tons for copper in excess of 1% and tonnage already processed is around 525,000 tons at Dec 31st leaving close to 1,9M tons available. Mining average is now a bit over 750Tons per year meaning 2 years and 6 months.
New investments strategy is something that concerns me as in the management discussion page 2 they are mentioning that management is considering additional capital to finance exploration and development of their diverse portfolio of mining properties. ANY NEW SHARE DILUTION SHOULD NOT BE part of the strategy. Shareholders of TVI have already been throughout that situation before and even if sometimes it is one of the easiest solutions to a capital need, this would only create a very negative effect on the shares value. It would be very badly perceived to reimburse a 30M$ loan where 76M warrants were issues only to find more capital and issues either more warrants or options. This would not make sense. I cannot imagine tvi diluting shares again.
In my opinion, the only solution would be a joint venture for the larger projects like Tamarok and Tapisa where we all know that TVI does not have the needed budget to go there all alone.
2010 Plan is very conservative and most likely to be beat. But it is always preferable to have a lower estimate, and then go over, than the opposite. There is no room for disappointing the market especially when the share float is so high. Major deception could equals sudden share value drop.
Revenues 2010 are expected to be in the range of 80M$ but I personally think it will be closer to 105M$ due to higher metal price, better zinc revenues than expected and some $ coming from Balabag.
The profitability will be very low in Q1 2010 because of the write off of parts of the loan cost that was originally plan to be 5 years. Having shovelled close to 50% of it, they had to recalculate and re amortized differently. Expect Q1 to be close to their expectations of 2M$ net revenues. But I must highlight the fact that even if a write off of 4M$ is taken, this is not affecting cash on hand as it is only an accounting issue. As for the other 3 quarters, I would not be surprised if 2010 year end numbers were to be about 18 to 20M$ including loan writes off as it is based on copper at 3,29$ and we all know the story of copper at this time. Again very conservative but that’s ok with me.
How about the end of the shark loan? Well, unless major problems arise this year, that loan will be eliminated during Q3 or Q4 2010. Why that late: they have the right to make a payment in July without penalties. So why get charges with early repayment fees on that part. The advisor fee is not taking effect until Dec 31st 2010. So there is no hurry here. Keep the money for the projects, keep aside some to repay the loan and get rid of it end of 2010
Let’s touch base a bit on the number of shares TVI has on the market right now.
It is very high and unfortunately it is like it is. Can they buy back some: NO they can’t. So the only option would be to do a reverse split and this would not be a good idea at this time. The only thing that this could open the door to is more dilution in the making. First, most of the time reverse splits are done by companies desperate to find more money for their projects and shares always (well almost all the time) gets a beating.
Share buyback NO: Simply forget that. They cannot do it period. Whenever the accumulated deficit is gone and liquidity is so great that they do not know what to do with them that could be a solution. But I do not expect that for many years to come. What is more important is the market cap of TVI not the share price.
If TVI was to again in 2010 generate 0,08 to 0,10 cents per share in net revenue, increase their mine life to a 5-7 years (to begin with), market would react positively as it is very rare that you see a company market cap estimated at about 1,5 time their annual net profit per share.
For all those reasons, TVI is still my top pick for 2010 for growth and increase in share value. As for the rest, market will take care of that.
By itself this paragraph could mean a major difference between investing and restraining from buying by some major institutional and many retail investors.
In this article there will be no reference to the share price even if it has been very deceiving, to say the last, over the last couple of months but will try to focus on share value as we all know that the share price is what the market gives as result of trades as opposed to share value where all members of TVI are working toward the same goal of increasing that value.
I am of the category of investors who think that whenever a company increase the total company value, market will follow but in an uncontrollable way and time. So to say that ceo and other members of administrative committee should concentrate on share price is by itself an error. THE ONLY value they can increase is the total company value. There are also no references to past problems, deals and everything else as I think everything that had to be said was said and it’s time to look ahead even if it is tempting sometimes to look at how the company could be perceived by some.
So let see in details what’s in 2009 final numbers and 2010 estimates.
2009
Record revenues of 67M$
Record net income of 18M$
Elimination of 46% of the debt (some events subsequent to Dec 31st)
And I could go on and on and on. So for 2009 we all know the story and it was really good on every aspects of the business. If I was to present a Phoenix trophy they would be a major candidate. For a company that was technically bankrupt early 2009, they did a fantastic job of recovering and going forward and all of that against all odd. Who would have bet the house on this company??? Not too many. Sure many bought 100K shares when it did hit 0,01 but that was speculation NOT investment.
For their achievements and moving that train back on its rails, TVI deserve a score of 10
So what’s in it for 2010?
Increase production permit = possibly more ore drilled increase and I mention possibly because if mining increase by 10% mine life will decrease by same %. I would rather presume that TVI will continue to mine at about the same pace(enough to ship every 6 weeks) and keep revenues stream pretty stable over this year. Even if copper price is increasing I would rather use that excess mining tonnage allocated toward the other developments coming to life this year. Naturally, tonnage is not cumulative and if no mining is expected at Balabag, a small % increase could increase revenues to the level needed to eliminate loan and speed up other projects (Balabag and Greater Canatuan area)
Sustainability was proven to be possible from the last 12 months results. They have constantly produced month after month what they said they will and more. There are no doubts in my mind that they will do the same in 2010 and I would not be surprised to see an increase in the total tons of copper sold. (Do not forget that they will be increasing the % of copper to 25% instead of 20%. So tonnage may stay the same but net copper in concentrate will have increased thus increasing revenues.
They have also worked a lot on transparency. This eliminates surprises and stabilize stock price avoiding the biggest ups and downs due to an unknown future. For example it would have been a surprise to have a second shipment in March 2010 but stock may have retreated before the news. We cannot any longer say that TVI is a secret company. The moves have been called in advance and even if timing sometimes differs a bit, they are delivering as expected. Their web site (including Facebook) and IR efforts are definitely the best in their class. They came a long way from where they were before and I would even say that they have set some kind of standard for companies in their situation. Let the world know the story, follow and execute the plan. This is a good value increase factor for TVI.
Less shipments is also a very good idea as the higher concentrate they ship, the less shipment they need to keep same receivables. As of today the cost of a ship is about 30K$ per day (based upon renting fare from OCNF one of the major shipping company). So if they were to save 20% on number of shipments, it could means close to 1,1M$ per year based on a 15 days trip back and forth.
Also it gives more time for repairs and maintenance. Do not forget that this is the 2nd year of production and they never had any breakdown. Most probably one will come this year as the mean time between failures (or major maintenance) is about in that range (MTBF). It would be very surprising to see Canatuan mill continues to be problem free for another year even if maintenance is performed as per their schedule.
Mine life extension is one of the major problems for TVI. They are executing their plan exactly as it should be but at the end, mine life remaining is still only about 3,4 years and based upon a reality check where copper % is great enough to makes mining profitable, I would say that the real mine life is about 2,6 years before they gets to the end of profitable mining. So they have to increase that life span NOW and it does put in great perspective the deal signed with DACON that will accelerate the finding of new copper zone in the greater Canatuan. Without any new discovery, expect extinction of mine by late 2012 early 2013.
The biggest advantage of the Greater Canatuan is first the trucking distance. Those sites are so close (about 15km) to the actual Canatuan mining site that they won’t need any major investment in infrastructure to operate. All new ore can be process at the actual Canatuan mill. 1 or 2 trucks will do the job! Canatuan expansion will be definitely starting to add to mine life this year or very early 2011. It maybe not that much at the beginning but enough to add 2-3 years to current mine life and maybe 5-7 years by the end of 2011. Don’t forget also that based on their 2009 management review, they are exploring many others avenues to increase mine life in most of the surrounding areas and other mineralized land they own.
The infamous loan repayment: can wait till end of the year. There is simply no hurry to repay until we are well into Q4 as for the moment I think money is more needed in drilling at Balabag and studying Tamarok. Bad timing of the repayment could delay Balabag in case of breakdown or major sea storm where 1 shipment could be missed. I think they should complete Balabag and then repay the loan. It was also interesting to find out some more details about the fact that the advisor is no longer entitled to a 40% fee but 36% and not on cash flow but net profit. In the past no details were given as to what should be interpreted as cash surplus but finally 2009 financial review says that it is cash earned by TVIRD in excess of cash required for operating, financing and investing activities. Any voluntary repayment will also decrease the advisor fee furthermore.
Not exactly a new project but zinc is coming and coming fast. Before end of April we should be made aware of who the trading company will be and when to expect the real start-up of the zinc circuit. Then 4-6 weeks later, expect full production of about 1000 tons per month. That’s another 1M$ per month to add up or at least compensate for decrease in copper %. I think also that the zinc will not diminish the copper production and it will be a complement as actually zinc is lost in the dam during refining process. (Clarified in plain English on the TVI discussion page on Facebook
(quote)
It’s possible that we may have had a terminology disconnect when we were speaking of the treatment and refining charge. I was referring to the TC/RC (treatment charge/refining charge), which is an amount charged by the receiving smelter for the treatment of the concentrate before they can smelt. It’s not related to TVI’s treatment costs. It’s charged by the tonne of concentrate shipped, independent of the copper content of the concentrate. So if we ship 1 tonne with 20% copper, we pay the same tc/rc as when we ship 1 tonne with 25%. But we get paid more for the latter, hence the “savings”.
On the TVI side the processing costs are not significantly higher when increasing the concentrate grade. The higher copper concentrate grade is achieved by putting the concentrate through additional flotation steps. The additional flotation process “cleans” the concentrate by further removing dilutants which include among others, significant amounts of zinc. Until we have the zinc circuit on line (designed to recover the zinc), we will need to continue with what we have been doing to date, which is mining and blending the ore to minimize the amount of zinc fed to the process and and dilute the copper concentrate down to insure we are below the maximum limits specified by the buyers’
(end quote)
Balabag drilling should be done in the next 2 months and I suspect it will be a nice surprise as the needed 50,000 AuEqOz will be confirmed and bootstrap mill will be put in service before year end. This should bring in maybe 5M$ (if lucky enough) and build-up of mill start early in Q4. For 2011, this will add up great overall mine life for TVI and very nice revenue in the range of 10M$ per year for the mine life expectation that I expect to be close to 6 years.
Tamarok (and Tapisa) could be the biggest star for 2012 as if it is to be close to Tampakan in overall value, well get ready for a major boost in share value and mine life extension. I do not expect any revenues until end of Q4 2011 if everything goes well and if they decide to go with a very small mining installation to start with.
Metal price will continue to raise and I would not be surprised to see 3,90-3,99$ before year end as supply is pretty stable and demand is still rising especially from China. Do not forget also that first electric cards production to start early 2011 and this will increase again the copper demand.
Metal recovery % could be a problem in the Canatuan primary area. As indicated on initial resources measured after 2,4M tons mined the copper % decrease to less than 1% meaning extra cost and less revenues. The remaining mine life is probably at about 3,3 years but removing tonnage from less than 1% copper reduce mine life to around 2,5 years. (original estimations are 2,4M tons for copper in excess of 1% and tonnage already processed is around 525,000 tons at Dec 31st leaving close to 1,9M tons available. Mining average is now a bit over 750Tons per year meaning 2 years and 6 months.
New investments strategy is something that concerns me as in the management discussion page 2 they are mentioning that management is considering additional capital to finance exploration and development of their diverse portfolio of mining properties. ANY NEW SHARE DILUTION SHOULD NOT BE part of the strategy. Shareholders of TVI have already been throughout that situation before and even if sometimes it is one of the easiest solutions to a capital need, this would only create a very negative effect on the shares value. It would be very badly perceived to reimburse a 30M$ loan where 76M warrants were issues only to find more capital and issues either more warrants or options. This would not make sense. I cannot imagine tvi diluting shares again.
In my opinion, the only solution would be a joint venture for the larger projects like Tamarok and Tapisa where we all know that TVI does not have the needed budget to go there all alone.
2010 Plan is very conservative and most likely to be beat. But it is always preferable to have a lower estimate, and then go over, than the opposite. There is no room for disappointing the market especially when the share float is so high. Major deception could equals sudden share value drop.
Revenues 2010 are expected to be in the range of 80M$ but I personally think it will be closer to 105M$ due to higher metal price, better zinc revenues than expected and some $ coming from Balabag.
The profitability will be very low in Q1 2010 because of the write off of parts of the loan cost that was originally plan to be 5 years. Having shovelled close to 50% of it, they had to recalculate and re amortized differently. Expect Q1 to be close to their expectations of 2M$ net revenues. But I must highlight the fact that even if a write off of 4M$ is taken, this is not affecting cash on hand as it is only an accounting issue. As for the other 3 quarters, I would not be surprised if 2010 year end numbers were to be about 18 to 20M$ including loan writes off as it is based on copper at 3,29$ and we all know the story of copper at this time. Again very conservative but that’s ok with me.
How about the end of the shark loan? Well, unless major problems arise this year, that loan will be eliminated during Q3 or Q4 2010. Why that late: they have the right to make a payment in July without penalties. So why get charges with early repayment fees on that part. The advisor fee is not taking effect until Dec 31st 2010. So there is no hurry here. Keep the money for the projects, keep aside some to repay the loan and get rid of it end of 2010
Let’s touch base a bit on the number of shares TVI has on the market right now.
It is very high and unfortunately it is like it is. Can they buy back some: NO they can’t. So the only option would be to do a reverse split and this would not be a good idea at this time. The only thing that this could open the door to is more dilution in the making. First, most of the time reverse splits are done by companies desperate to find more money for their projects and shares always (well almost all the time) gets a beating.
Share buyback NO: Simply forget that. They cannot do it period. Whenever the accumulated deficit is gone and liquidity is so great that they do not know what to do with them that could be a solution. But I do not expect that for many years to come. What is more important is the market cap of TVI not the share price.
If TVI was to again in 2010 generate 0,08 to 0,10 cents per share in net revenue, increase their mine life to a 5-7 years (to begin with), market would react positively as it is very rare that you see a company market cap estimated at about 1,5 time their annual net profit per share.
For all those reasons, TVI is still my top pick for 2010 for growth and increase in share value. As for the rest, market will take care of that.
ALERT MPEL
Still major resistance between 5,00 and 5,10 level but when these are cleared, expect antoher 10% run up.
UPDATE VEI
The share price drop has happen. Please use extreme caution if you still think this is the gamble of the year.
DO NOT INVEST MORE THAN YOU CAN LOOSE ESPECIALLY ON THIS ONE...
DO NOT INVEST MORE THAN YOU CAN LOOSE ESPECIALLY ON THIS ONE...
ALERT TVI
The 0,12 wall is slowly removed and ask are moving higher.
If nobody throw a rock in the ask, expect 0,125 today or at worst stable day
If nobody throw a rock in the ask, expect 0,125 today or at worst stable day
ON THE RADAR
MBHI Midwest bank holding has been beaten to death (or close to) as rumors mentionned they were near under capitalized.
If that was to be true, they would need a major capital injection rapidly in the order of about 125M$ BUT if false, expect great gains. When you look at this bak, look at the number of shares. They are really low and could move as rapidly as PXLW did.
This is a pure speculative play and do not invest too much on it. Could be worth many times the investment, but could also goes to 0 as rapidly. Could be a good idea to put a stop loss near where you do not want to take any more losses. Just be carefull of where you put your stop losse as there could be great volatility.
If that was to be true, they would need a major capital injection rapidly in the order of about 125M$ BUT if false, expect great gains. When you look at this bak, look at the number of shares. They are really low and could move as rapidly as PXLW did.
This is a pure speculative play and do not invest too much on it. Could be worth many times the investment, but could also goes to 0 as rapidly. Could be a good idea to put a stop loss near where you do not want to take any more losses. Just be carefull of where you put your stop losse as there could be great volatility.
ALERT DAN
DAN is on the move to return to it's high of 13,30$. Unless major changes, expect DAN to get back there before end of week. Great volume this morning and the last auto sales report could mean another high 52 well before end of next week.
If things stays like they are right now, expect DAN to reach 16$ before end of April. Q1 report will be out around may 17th and it could means the run up of the year for DAN.
If things stays like they are right now, expect DAN to reach 16$ before end of April. Q1 report will be out around may 17th and it could means the run up of the year for DAN.
ALERT PXLW
Again PXLW is flirting with his 6$ resistance level.
If volume today is over 130,000 and shares close over 6,10$, expect another rally to 6,90$ in the next 10 days.
If it does not close over 6$, then it could retreat to 5,25$ for another attempt later this week on early next week.
If volume today is over 130,000 and shares close over 6,10$, expect another rally to 6,90$ in the next 10 days.
If it does not close over 6$, then it could retreat to 5,25$ for another attempt later this week on early next week.
Change to TOP pick list
Because of past achievement and the fact that some stock may continue to be part of a great investment strategy but unable to substain part increases, i have added a page for long term investment.
With this addition, WFC (Wells Fargo) is the first pick for that category and is now remove from TOP PICKS for this year.
The increase of last 12 months cannot be substainable anymore and even if WFC is still one of my top picks, it no longer fits the goal of that main picks that is to be the best performing stock in % this year.
If you still have WFC, great. You can take some profit but keep the balance as a long term strategy.
With this addition, WFC (Wells Fargo) is the first pick for that category and is now remove from TOP PICKS for this year.
The increase of last 12 months cannot be substainable anymore and even if WFC is still one of my top picks, it no longer fits the goal of that main picks that is to be the best performing stock in % this year.
If you still have WFC, great. You can take some profit but keep the balance as a long term strategy.
ALERT MPEL
Here we go. New upgrade this morning to overwight. Expect a great and rapid run up to over 6$
ALERT BPOP
Expect continue run up by BPOP. Lot more rumors regarding Puerto Riro banks being either sold to BPOP or simply dismantled.
It that was to be the case, exepct a double on BPOP in less than 30 days.
It that was to be the case, exepct a double on BPOP in less than 30 days.
vendredi 2 avril 2010
Q1 Star search results
Very nice start for many of my picks and somewhat disapointing for others. We should not only look at Q1 but where they are heading before making any dedisions.
So top 5 at this moment between Jan 1st and March 31st are:
PXLW growth +89%
SSS +71%
LVS +42%
BPOP +31%
AC.B +17% (3 days only)
Q2 will bring a lot of challenges but with employment results encouraging, i expect another very good leg up especially for:
TVI: more good news to come that will increase revenues and mine life
NRI: first and second US orders. Get ready for a major share jump
BPOP: less competitors in Puerto Rico will enhance share price
AC.B: Watch this one fly as traveling wil get back on track (including cargo increase)
MPEL: Better number of visitors in their casinos and more gambling machines orders
So for the last year the total portfolio is up by an impressive +248% (march 31st 2010 compare to march 2009) and out of a total of 14 picks, only 1 was put on sideline (MB) , 1 was negative and all others have made great for a track record of 88% right pics.
Top 5 Winner for the last 12 months windows are:
DAN +21000% Valued March 31st 2009 0.60
PXLW +858% 0.60
TVI +380% 0.025
LVS +375% 4.48
SSS +361% .065
PLEASE remember that the last year was an exceptionnal year for stock growth and you cannot base your investments on the last 12 months value increase.
Have a great easter everyone.
François
So top 5 at this moment between Jan 1st and March 31st are:
PXLW growth +89%
SSS +71%
LVS +42%
BPOP +31%
AC.B +17% (3 days only)
Q2 will bring a lot of challenges but with employment results encouraging, i expect another very good leg up especially for:
TVI: more good news to come that will increase revenues and mine life
NRI: first and second US orders. Get ready for a major share jump
BPOP: less competitors in Puerto Rico will enhance share price
AC.B: Watch this one fly as traveling wil get back on track (including cargo increase)
MPEL: Better number of visitors in their casinos and more gambling machines orders
So for the last year the total portfolio is up by an impressive +248% (march 31st 2010 compare to march 2009) and out of a total of 14 picks, only 1 was put on sideline (MB) , 1 was negative and all others have made great for a track record of 88% right pics.
Top 5 Winner for the last 12 months windows are:
DAN +21000% Valued March 31st 2009 0.60
PXLW +858% 0.60
TVI +380% 0.025
LVS +375% 4.48
SSS +361% .065
PLEASE remember that the last year was an exceptionnal year for stock growth and you cannot base your investments on the last 12 months value increase.
Have a great easter everyone.
François
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