GFRE ausgebombter Wert auf Erholungskurs?

Es soll nach der Veröffentlichung der Zahlen am Mo. 16.5.2011 ein Aktienrückkaufsprogramm verkündet werden!

GULF RESOURCES INC
Ticker: GFRE
WKN: A0YBYT
Kurs: $3.23
Börse: Nasdaq und Frankfurt



 

Stärkster Widerstand der Stärke 10 wurde heute bei $3.14 gebrochen.
jetzt gilt es weitere Widerstände nach oben zu brechen:
$5.10
$5.52
$6.12
$8.65
$9.42
$10.02  

Mein Kursziel steht bei $6 andere sehen die Aktie gar bei $10

Unternehmenspräsentation:
http://www.gulfresourcesinc.cn/images/pdf/...rodman_renshaw_final.pdf  

 

Emerging Markets Investor - Gulf Resources Bilanzzahlen sollten unstrittig sein

14:15 18.04.11

Endingen (aktiencheck.de AG) - Die Experten von "Emerging Markets Investor" bewerten die Aktie von Gulf Resources (Profil) mit "strong buy".

Der an der Technologiebörse NASDAQ (Profil) gelistete Wert sei zuletzt von 12 auf 4,79 USD gesunken. Damit sei die Marktkapitalisierung von Gulf Resources auf 160 Mio. USD geschrumpft.

Bei Gulf Resources handle es sich um einen der größten Hersteller von Brom, Salz und Spezialchemikalien, die vornehmlich in der Öl- und Gasexploration, in der Papierherstellung sowie in der Abwasserverarbeitung zum Einsatz kämen.

Das Unternehmen lasse seine Bilanzen von Deloitte & Touche prüfen. Daher sollten die Zahlen der Gesellschaft unstrittig sein. Erst vor Kurzem sei ein Ausblick auf die Zahlen für 2010 gegeben worden. So solle bei einem Umsatz von knapp 200 Mio. USD ein Nettogewinn von 64 bis 66 Mio. USD erwirtschaftet worden sein. Daraus würde ein KGV von 2,5 resultieren. Berücksichtige man nun noch, dass die Firma schuldenfrei sei und über einen Cashbestand von 68 Mio. USD bzw. 2,01 USD je Aktie verfüge, würde das KGV auf 1,5 sinken. Eine solche Bewertung sei für die Experten lächerlich.

Die Experten von "Emerging Markets Investor" bewerten die Aktie von Gulf Resources mit "strong buy" und nehmen sie in ihr Musterdepot auf. (Ausgabe 08 vom 18.04.2011)
(18.04.2011/ac/a/a)  

http://data.cnbc.com/quotes/GFRE

http://www.nasdaq.com/aspx/...sale.aspx?symbol=gfre&selected=gfre  

April 27th response from GFRE Helen Xu & yes already a buyback authorized...

Hi,XXXXXXX:
the company is actively preparing for the shares buyback now ,but now there is a quite period due to the Q1 2011 filing,
but we will take action after the Q1 results been filed.

--
Thanks & Best Regards
Helen Xu



At 2011-04-26 02:01:58,XXXXXXXX@lapanpartners.com wrote:




Miss Wu

At what price point will GFRE Buyback shares ? $4.00 $3.00 $2.00 perhaps time to wake up and support your shareholders as if the company bought back shares and announced it would send a very positive message to investors.
Thanks XXXXXXXXXXXXX  

 

In addition, the Company's management will present at the upcoming Oppenheimer & Co 5th Annual China Dragon Conference in New York City on May 17-19, 2011. The date, time and location of Gulf Resources' presentation at the conference will be announced once the information is finalized. Interested parties and investors who wish to meet with Gulf Resources' management may contact Oppenheimer & Co directly.

http://www.stockhouse.com/News/USReleasesDetail.aspx?n=8127549  

 

 

Monday, May 16, 2011 11:39 AM
From:
"Crocker Coulson"
Add sender to Contacts
To:
"Amy Walker"

Amy:



I understand your frustration. The company has told us that they are still targeting filing their 10Q at the end of the day. I hope you understand that we are not in control of the filing process for our clients. We havfiling their 10Q at the end of the daye prepared all of the materials for them but need confirmation of the filing. Thanks.



Best regards,



Crocker Coulson

President

CCG Investor Relations

521 Fifth Ave, 38th Floor

New York, NY 10175

646-213-1915 w

323-270-8886 cell

323 350 2793 bb

(86) 158 1039 5127 (china)

(852) 6758 -6894 (HK)

www.ccgir.com

www.ccgirasia.com  

Gulf Resources Reports First Quarter 2011 Financial Results

NEW YORK & SHANGDONG PROVINCE, China, May 16, 2011 /PRNewswire-Asia-FirstCall/ -- Gulf Resources, Inc. (NASDAQ: GFRE) ("Gulf Resources" or the "Company"), a leading manufacturer of bromine, crude salt and specialty chemical products in China, today announced its financial results for the three months ended March 31, 2011.

First Quarter Highlights

Revenue was $45.4 million, a year-over-year increase of 52.8%
Gross profit was $24.8 million, a year-over-year increase of 84.2%
Gross margin increased to 54.6% from 45.3% for the first quarter of 2010
Income from operations was $20.2 million, a year-over-year increase of 83.1%
Operating margin was 44.6% compared to 37.2% for the first quarter of 2010
Net income was $14.4 million, or $0.41 and $0.40 per basic and diluted share, respectively, an increase of 79.7% from $8.0 million, or $0.23 per basic and diluted share a year ago
Cash totaled $87.9 million as of March 31, 2011

http://www.prnewswire.com/news-releases/...ial-results-121946463.html  

Morgen wird der Shortsqueeze eingeleitet!
Habe schon lange nicht mehr so fantastische Zahlen gesehen!!!  

Nachbörslich schon $3.40!
http://www.nasdaq.com/aspx/...sale.aspx?symbol=GFRE&selected=GFRE  

nachbörslich $3.53
http://www.nasdaq.com/aspxcontent/...?selected=GFRE&mkttype=after  

Die Mutigen werden hier in den nächsten Tagen belohnt!
4.9M Aktien sind short
Float liegt nur bei 19.28 mil
Buyback kommt auch noch von GFRE  

$ 3.64  

1) 10Q filed on time
2) Beat estimates by $0.04 cents
3) All dust will settle after the CC tomorrow
4) Oppenheimer & Co. China Dragon Call Conference tomorrow in NYC
5) 5 Million share were shorted over the last month... only 19 Million shares floating
6) SHORT SQUEEZE coming
7) Potential share buy back....
8) The GR report is now a joke, stock will be back to $10+ by end of the year...  

Einsteigen! Stuttgart zeigt €2.40 zu €2.65  

€2.70  

€2.75  

 

http://www.vcall.com/conferences/event.asp?ID=164425  

 NEW YORK & SHANGDONG PROVINCE, China, May 16, 2011 /PRNewswire-Asia-FirstCall/ -- Gulf Resources, Inc. (NASDAQ:GFRE) ("Gulf Resources" or the "Company"), a leading manufacturer of bromine, crude salt and specialty chemical products inChina, today announced its financial results for the three months ended March 31, 2011.

First Quarter Highlights

• Revenue was $45.4 million, a year-over-year increase of 52.8%
• Gross profit was $24.8 million, a year-over-year increase of 84.2%
• Gross margin increased to 54.6% from 45.3% for the first quarter of 2010
• Income from operations was $20.2 million, a year-over-year increase of 83.1%
• Operating margin was 44.6% compared to 37.2% for the first quarter of 2010
• Net income was $14.4 million, or $0.41 and $0.40 per basic and diluted share, respectively, an increase of 79.7% from$8.0 million, or $0.23 per basic and diluted share a year ago
• Cash totaled $87.9 million as of March 31, 2011

 

First Quarter 2011 Results

"Despite the usual challenging weather conditions in the first quarter, we are pleased to report a strong start to 2011 both in terms of top line growth and profitability, driven by the increase in bromine prices. For the three months ended March 31, 2011, our average selling price for bromine was approximately $4,596 per tonne compared with approximately $2,470 per tonne in the corresponding quarter last year. However, the remarkable increase in price was slightly offset by a decrease in production volume due to more frequent maintenance of our bromine production facilities due to stricter environmental and safety requirements from the government on production and a slight reduction in purchase orders due to high prices. Despite commanding a higher price per tonne compared to last year, crude salt sales volume increased year-over-year, thereby supporting our performance in the quarter," said Xiaobin Liu, Chief Executive Officer of Gulf Resources. "Our chemical business also experienced moderate growth in the first quarter of 2011, mainly from environmentally friendly oil and gas exploration chemicals and agricultural intermediaries."

Gulf Resources' revenue was $45.4 million for the first quarter of 2011, an increase of 52.8% from $29.7 million for the first quarter of 2010. The increase in net revenue was primarily attributable to the strong performance of the Company's bromine and crude salt segments.

Revenue from the bromine segment was $30.1 million, or 66.4% of total revenue, an increase of 76.7% from $17.1 million in the corresponding period last year. The increase in revenue from the Company's bromine segment was mainly due to an increase in the average selling price of bromine.

Revenue from the crude salt segment was $5.0 million, or 11.1% of total revenue, an increase of 77.6% from $2.8 million in the corresponding period last year. The increase in revenue from the Company's crude salt segment was mainly due to an increase in the average selling price and sales volume of crude salt.

Revenue from the chemical products segment was $10.2 million, or 22.5% of total revenue, for the first quarter of 2011, an increase of 4.1% from $9.8 million in the corresponding period last year. The increase in revenue from the Company's chemical product segment was mainly due to solid demand for environmentally friendly oil and gas exploration chemicals and agricultural intermediaries.

Gross profit for the first quarter of 2011 was $24.8 million, an increase of 84.2% from $13.5 million for the first quarter of 2010 and gross profit margin for the three months ended March 31, 2011 was 54.6%, compared to 45.3% for the corresponding three-month period last year. The improved gross profit margin was due to a rise of margin percentage in the Company's bromine and crude salt segments.

Sales, marketing and other operating expenses for the first quarter of 2011 were $24,012 compared with $20,698 for the corresponding quarter last year. The increase was mainly due to increased commissions.

General and administrative expenses for the first quarter of 2011 were $4.3 million, compared to $2.3 million for the first quarter of 2010. The increase was mainly due to $3.1 million in non-cash expenses related to employee stock options and warrant expenses related to professional services fees.

Research and development expenses were $180,337 for the first quarter of 2011 compared with $125,202 for the corresponding period last year. The increase was mainly due to research activities related to the Company's new waste water treatment chemical additives. The research and development expense incurred for the new production line constructed by third parties and the consumption of bromine produced by SCHC during the three-month period ended March 31, 2011 were$21,553 and $30,068 respectively.

As a result, income from operations for the first quarter of 2011 was $20.2 million, an increase of 83.1% compared to $11.1 million for the corresponding quarter of 2010. Operating margin was 44.6% for the first quarter of 2011, compared to 37.2% for the first quarter of 2010.

For the first quarter of 2011, the Company incurred other income of $56,613 compared to $75,585 for the corresponding quarter last year mainly due to the charge of capital lease interest expenses.

Income taxes were $5.9 million for the first quarter of 2011, an increase of 89.0% from $3.1 million for the first quarter of 2010. The Company's effective income tax rate was 29.2% compared to 28.2% in the year ago period.

Net income was $14.4 million for the first quarter of 2011, an increase of 79.7% from $8.0 million for the first quarter of 2010. Basic and diluted earnings per share in the first quarter of 2011 were $0.41 and $0.40, respectively, compared to $0.23 per fully diluted share in the first quarter of 2010. Weighted average number of diluted shares for the three months ended March 31, 2011 was 35,590,982 compared with 34,762,991 for the three months ended March 31, 2010.

Financial Condition

As of March 31, 2011, Gulf Resources had cash of $87.9 million, current liabilities of $19.3 million, and shareholders' equity of$212.2 million. As of March 31, 2011, the Company had working capital of $98.3 million and a current ratio of 6.1. For the three months ended March 31, 2011, the Company generated $21.7 million in cash flow from operations, primarily attributable to net income, and used $3.1 million in investing activities to reconstruct and renovate the bromine production facilities and channels acquired under capital lease in the first quarter of 2011. These projects were financed by opening cash balances as ofDecember 31, 2010 and cash generated from operations during the first quarter of 2011.

Subsequent Events

• In early April 2011, the Company started regular operations at its new production line of wastewater treatment additives after completing pilot testing in the first quarter. The Company expects positive cash flow from operations in the second quarter of 2011.
• In March 2011, the Company announced financial guidance for fiscal year 2011. The Company expects revenue to range from $195 million to $198 million and net income to range from $64 million and $66 million for the fiscal year 2011. This represents growth in revenue of between 23.2% and 25.1% and growth in net income of between 24.8% and 28.7% compared to the previous year. This guidance does not take into account any impact from potential acquisitions.
• In April and May 2011, the Company provided supporting documents disputing allegations related to the reliability of its filings with the SEC alleged by Glaucus Research Group and distributed on Seeking Alpha on April 26, 2011.

 

Business Outlook

Moving forward in 2011, the Company is focused on maximizing sales in light of the higher bromine prices, while gradually ramping up additional bromine and crude salt production capacity. With the added capacity from the wastewater treatment chemical additive production line, the Company also expects a higher contribution to growth from its chemical product segment.

"Carefully monitoring utilization in order to manage the proper operation of our production assets is our primary focus these upcoming quarters, as high prices may impact customer orders. We still target an overall utilization rate of 65-75% for 2011, although we expect some quarter to quarter fluctuation as production tends to be higher in the second and third quarter compared to the winter months due to the pick-up of manufacturing activity after Chinese New Year," said Mr. Liu. "In terms of bromine prices, we expect prices to remain around current levels for the remainder of the year as we consider that the market may need some time to adjust to the significant price increases in the second half of last year. However, we believe that ongoing demand supply imbalances in the region should effectively prevent any price decreases for bromine."

The Company reaffirms guidance of revenue between $195 million and $198 million and net income between $64 million and $66 million for 2011 as issued on March 28, 2011.

Conference Call

Gulf Resources' management will host a conference call at 7:00 a.m. EDT on Tuesday, May 17, 2011 to discuss its financial results for the first quarter 2011. To participate in this live conference call, please dial +1 (877) 275 - 8968 five to ten minutes prior to the scheduled conference call time. International callers should call +1 (706) 643 - 1666. The conference participant pass code is 67975864.

A replay of the conference call will be available for 14 days starting from 9:00 a.m. EDT on Tuesday, May 17, 2011. To access the replay, call +1 (800) 642-1687. International callers should call +1 (706) 645-9291. The pass code is 67975864.

This conference call will be broadcast live over the Internet and can be accessed by all interested parties by clicking onhttp://www.gulfresourcesinc.cn/events.html. Please access the link at least fifteen minutes prior to the start of the call to register, download, and install any necessary audio software. For those unable to participate during the live broadcast, a 90-day replay will be available shortly after the call by accessing the same link.