China Tracker - Details for China ACM (CADC)


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 China ACM
Shares Outstanding (MRQ): 18.35 mill
New Shares / Dilution (TTM): 1.93 mill11.77% 
New Shares / Dilution (since Dec 31, 2008): 4.13 mill29.06% 
Cash (MRQ): 3.38 mill0.00%
Account Receivables (MRQ): 71.33 mill0.00%
Account Receivables (Q/Q): + 8.84 mill14.14% 
Long-Term Debt (MRQ): 2.38 mill0.00%
Revenue Growth (Q/Q): -33.04% 
Revenue Growth (Y/Y): 40.53%
Net Income Growth (Q/Q): -54.06% 
Net Income Growth (Y/Y): -25.49%
EPS Growth (Y/Y): -33.34%
Net Margin (Q/Q): 9.2% (13.5%)-4.20% 
Net Margin (Y/Y): 9.2% (17.4%)-8.20% 
EPS | P/E (2 MRQ Projection): $0.740.00 
CFPS | P/CF (2 MRQ Projection): -$0.050.00 
Price/Sales (2 MRQ Projection): 0.00
Price/Book (MRQ): 0.00 
Auditor: Friedman 
 
 Forward Projections (Fiscal Year)
EPS | P/E (Estimates updated 2011-05-14): $0.850.00 
 Basic Facts and History (show more)
Reporting Type: U.S. Company (10-K Filings) 
Going Public: Reverse Merger on 2007-11-28 
Uplisting to Senior Exchange: on 2009-11-02 at $6.70 (-100.00% since Uplisting)

 Business Outlook

China Advanced Construction Materials has received a preliminary, non-binding offer from its Chairman and Chief Executive Officer, Mr. Xianfu Han, and Weili He, Vice Chairman and Chief Operating Officer, to acquire all of the outstanding shares of our common stock not currently owned by them in a going private transaction at a proposed price of $2.65 per share in cash. Messrs. Han and He currently beneficially own in the aggregate approximately 49.5% of our common stock.

(Source: Marketwire, 2011-07-26)

China ACM's third quarter results were impacted by slow holiday plant activity in its Concrete Sales Division during the Chinese New Year holidays, higher new plant start-up expenses, and delays in its Manufacturing Services Division. Based on these factors, the Company expects to report third quarter revenue of approximately $23 million and GAAP Net Income Available to Common Shareholders of between $3.3 million and $3.6 million, or $0.18 to $0.20 per share on a fully diluted basis. Included in these results is income from the change in fair value of warrants liability of approximately $1.4 million and a non-cash expense of approximately $300,000 for equity based compensation.

"The March quarter is always our seasonally weakest quarter, however, our 2011 third quarter was weaker than usual for a couple of reasons. First, we faced increased margin pressure in our Manufacturing Services Division as we incurred higher ramp-up costs associated with delays in putting several new portable plants into service and higher ramp-down costs associated with delays in decommissioning plants nearing project service completion due to the leadership transition in China's Railway Ministry, which impacted many companies in the High Speed Rail sector during the quarter. Second, we experienced rising fuel and labor costs. We were able to offset some of these margin declines with margin improvements in our concrete sales segment, but not enough to compensate for the shortfall as the month of February generated only a fraction of our normal production levels throughout our entire production network due to the extensive Chinese New Year holiday season during the month of February."

(Source: Marketwire, 2011-05-05)

Our diversified backlog has grown to a record $66.7 million while the new business pipeline is a healthy $28.4 million. With recently established strategic alliances with CSCEC, and others in process, our new business development is becoming more efficient, and leveraged, as we begin jointly bidding projects along with major SOE contractors, some of whom will fund capital expenditures for certain projects. Our balance sheet is strong with $3.2 million in cash, $36.0 million in working capital and no long term debt. Our accounts receivable is primarily composed of large, highly creditworthy state owned enterprises. At the end of December 2010, we engaged Friedman LLP as our independent auditor. They assisted in the preparation of this second quarter's unaudited report. In the months ahead, we target geographic expansion, joint ventures, strategic alliances and will evaluate acquisitions -- all of which increases our requirement for Friedman's world class financial management and reporting expertise.

(Source: Marketwire, 2011-02-11)

    see all Business Outlook notes


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 Analyst Coverage (show more)
2011-07-26Roth CapitalDowngradeNeutral$2.65
2011-06-28Roth CapitalReiterationBuy$4.00
2011-05-16Roth CapitalReiterationBuy$6.00
2011-02-15Global HunterReiterationBuy$7.50
2011-02-14Roth CapitalReiterationBuy$8.00

CADC is currently followed by 2 analysts. 1 give the stock a positive rating, 1 rate it neutral and 0 give it a negative rating. The average price target is 5.08.


    see all Analyst Ratings

 Recent Financings
2010-02-24Priced$9.20 mill2.00 mill shares$4.60

 Investor Presentations
2010-03-07 (HTML)   VIEW
CADC
Construction
SCORE
0
READ: Score Cards Explained
SAFETY/RISK SCORE
HIGH RISK
DETAILS: Safety/Risk Model for CADC
Current Price:  n/a
F10k Day (2009-03-31): -100.00%$1.80
2009 Close: -100.00%$4.98
2010 Close: -100.00%$4.68
2011 Close: -100.00%$2.38
High (2012-02-01): -100.00%$2.51
Low (2012-09-07): -100.00%$0.36
Exchange:
Market Capitalization: n/a
Total Shares: 18.35 mill
Float: n/a
Avg Volume: 90.40 k
Short Interest: 119.90 k
Short Ratio: 1.36%1.3 d
Last Quarter: 2011-03-31
Revenue (MRQ): 23.12 mill
Net Income (MRQ): 2.13 mill
Op. Cash Flow (MRQ): 0.22 mill
all financial data provided without warranty