China Tracker - Details for China MediaExpress (CCME)


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 China MediaExpress
Shares Outstanding (MRQ): 38.43 mill 
New Shares / Dilution (TTM): 15.43 mill67.10%
New Shares / Dilution (since Dec 31, 2008): 17.52 mill83.74% 
Cash (MRQ): 169.95 mill0.00%
Account Receivables (MRQ): 20.34 mill0.00%
Account Receivables (Q/Q): -0.33 mill  
Long-Term Debt (MRQ): 9.29 mill0.00%
Revenue Growth (Q/Q): 6.44% 
Revenue Growth (Y/Y): 118.04%
Net Income Growth (Q/Q): 9.22% 
Net Income Growth (Y/Y): 166.90%
EPS Growth (Y/Y): 59.72%
Net Margin (Q/Q): 54.7% (53.3%)1.40% 
Net Margin (Y/Y): 54.7% (44.7%)10.00% 
EPS | P/E (2 MRQ Projection): $3.100.00 
CFPS | P/CF (2 MRQ Projection): $2.920.00 
Price/Sales (2 MRQ Projection): 0.00
Price/Book (MRQ): 0.00 
Auditor: currently none
 
 Forward Projections (Fiscal Year)
EPS | P/E (Estimates updated 2010-11-08): $2.500.00 
 Basic Facts and History (show more)
Reporting Type: U.S. Company (10-K Filings) 
Going Public: SPAC on 2009-10-15 
Uplisting to Senior Exchange: on 2007-10-29 at $8.00 (-100.00% since Uplisting)

 Business Outlook

COVERAGE TERMINATED (Going Dark)
Recent Chain of Events:
2012-08-28 -- SEC Registration REVOKED
2011-05-19 -- Last SEC Filing
2011-05-19 -- Delisting from NASDAQ
2011-03-13 -- CFO Resignation
2011-03-11 -- Trading halted by NASDAQ
2011-03-11 -- Auditor Resignation
2010-11-09 -- Last Quarterly/Annual Report: Q3/FY2010 ended September 30, 2010

(Source: Trading China, 2012-09-30)

The Nasdaq Stock Market has sent a letter to the Company indicating that it denied the request of the Company for continued listing on Nasdaq, and will suspend trading of the Company's shares effective at the open of business on Thursday, May 19, 2011. The Company intends to further appeal the hearing panel's determination.

(Source: 8-K Filing, 2011-05-19)

China MediaExpress Holdings reported today that the NASDAQ Stock Market has sent a letter to the Company to the effect that NASDAQ was exercising its discretionary authority under Listing Rule 5101 to suspend the Company's common stock from trading on NASDAQ effective opening of business on April 12, 2011, subject to the Company's right to appeal such determination to a hearing panel not later than April 8, 2011. The Company intends to appeal NASDAQ's determination before such deadline.

(Source: PR Newswire, 2011-04-04)

    see all Business Outlook notes

 Analyst Coverage (show less)
2011-03-21Global HunterDowngradeTerminatedn/a
 

We are discontinuing coverage of these companies due to the departure of our analyst and due to a shift in our resources to other areas in the China space.

2011-03-17Northland SecuritiesDowngradeTerminatedn/a
2011-03-15Global HunterDowngradeSuspendedn/a
2011-02-01Global HunterReiterationBuy$26.00
 

In the last few days, we talked to a number of CCME’s customers and bus operators. The advertiser customers we spoke to confirmed their 2010 revenues with CCME, and stated that they continued working with CCME in 2011. Among the customers, Shanghai Apollo, a company owned by Shanghai People’s Fine Arts Publishing House, a state-owned company with 50+ years history and strong industry relationships, confirmed that they bought approximately 7 minutes (~RMB50MM revenue) in 2010 and expect to buy similar amount of advertising time from CCME in 2011. These advertisers and bus operators confirmed that CCME is the only inter-city bus media company with a national coverage and quality services.

2010-12-17Global HunterReiterationBuy$26.00

    see all Analyst Ratings

 Investor Presentations
2010-09-08 (PDF)   DOWNLOAD (right click, save as)
2010-03-07 (HTML)   VIEW
CCME
Media & Advertising

COVERAGE SUSPENDED OR TERMINATED
 
READ: Score Cards Explained
SAFETY/RISK SCORE
EXTREME RISK
DETAILS: Safety/Risk Model for CCME
Current Price:  n/a
F10k Day (2009-10-20): -100.00%$9.20
2009 Close: -100.00%$10.60
2010 Close: -100.00%$15.84
2011 Close: -100.00%$0.02
High (2011-08-03): -100.00%$1.50
Low (2011-11-30): -100.00%$0.01
Exchange:
Market Capitalization: n/a
Total Shares: 38.43 mill
Float: n/a
Avg Volume: n/a
Last Quarter: 2010-09-30
Revenue (MRQ): 56.96 mill
Net Income (MRQ): 31.13 mill
Op. Cash Flow (MRQ): 30.75 mill
all financial data provided without warranty