China Tracker - Details for LJ International (JADE)

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 LJ International
Shares Outstanding (MRQ): 29.29 mill
New Shares / Dilution (TTM): 4.56 mill18.43% 
Cash (MRQ): 13.05 mill0.00%
Account Receivables (MRQ): 25.89 mill0.00%
Account Receivables (Q/Q): -3.32 mill  
Long-Term Debt (MRQ): 1.65 mill0.00%
Revenue Growth (Q/Q): 26.28% 
Revenue Growth (Y/Y): 15.01% 
Net Income Growth (Q/Q): -17.35% 
Net Income Growth (Y/Y): 78.36%
EPS Growth (Y/Y): 50.60%
Net Margin (Q/Q): 8.9% (13.6%)-4.70% 
Net Margin (Y/Y): 8.9% (5.7%)3.20% 
EPS | P/E (2 MRQ Projection): $0.600.00 
CFPS | P/CF (2 MRQ Projection): -$0.550.00 
Price/Sales (2 MRQ Projection): 0.00
Price/Book (MRQ): 0.00 
Auditor: Deloitte Touche
 Forward Projections (Fiscal Year)
EPS | P/E (Estimates updated 2011-03-31): $0.580.00 
 Basic Facts and History (show more)
Reporting Type: Foreign Company (20-F Filings) 
Going Public: IPO on 1998-04-15 
IPO Price: $5.00 (-100.00% since IPO)

 Business Outlook

Management estimates that revenue for the third quarter 2011 will range between US$42.5 million and US$44.5 million, representing a year-over-year increase of 19% to 25%. Retail revenue is expected to be in the range of US$28.0 million to US$29.0 million, representing a 33% to 38% year-over-year growth. Wholesale revenue is expected to be in the range of US$14.5 million to US$15.5 million, representing flat to 6% year-over-year increase. Operating income is expected to be US$3.7 million to US$4.2 million, representing flat to an increase of 12% year-over-year, impacted by higher professional fees. Net income from operating businesses and excluding non-recurring items and derivative gain from warrants is forecast to be in the range of US$3.5 million to US$4 million, a 9% to 25% year-over-year increase.

The Company announced on August 25, 2011 that the Audit Committee of the Board of Directors has approved the engagement of Deloitte Touche Tohmatsu CPA Limited as the independent registered public accounting firm for the fiscal year 2011. The appointment demonstrates the Company's commitment in upholding the highest level of disclosure transparency and corporate governance.

(Source: Marketwire, 2011-08-25)

In guidance for the second quarter ending June 30, 2011, LJI projects revenues of approximately $38 million, up 18% from $33 million a year earlier. Retail revenues are expected to total approximately $24 million, a 44% gain from the second quarter of 2010. Wholesale revenues in the second quarter of 2011 are projected at approximately $14 million, a 14% decrease from 2010. However, the six months' wholesale revenues are expected to total approximately 29.6 million, a 10 % increase from first half of 2010.

Operating income in the second quarter of 2011 is projected at approximately $3.2 million for retail and $0.7 million for wholesale, a year-over-year gain of 47% and a drop of 36%, respectively. An appraisal by an independent appraiser of the non-cash impacts from the April 2011 private placement is currently in progress; therefore, LJI is not issuing second quarter 2011 guidance for net income or EPS at this time.

(Source: Marketwire, 2011-05-16)

LJ International Inc. today announced that it has entered into a definitive agreement for a private placement of shares of Enzo Jewelry, its indirect wholly-owned subsidiary, with a consortium of investors led by the private equity firms FountainVest Partners and Spring Capital Asia. Under the terms of the agreement, the Investors have agreed to make an initial investment of US$41.38 million, including an investment of US$31.40 million in newly issued ENZO shares and an acquisition of existing shares of ENZO from LJI in the amount of US$9.98 million. In aggregate, the Investors will hold approximately 28.27% of ENZO's total issued share capital after giving effect to the transaction, which will be in the form of a newly created class of redeemable convertible preferred shares.

LJI intends to apply the net proceeds from the investment towards capital expenditures for new store openings, marketing expenses and general working capital. As part of the transaction, the Investors will also receive certain rights to make a further investment of approximately US$25.88 million to acquire up to 10.35% of ENZO. LJI has also agreed to appoint Investor representatives to ENZO's board of directors. The closing of the investment is subject to customary conditions, and is expected to be completed during the current quarter. Based on the terms of the agreement, the parties intend to enhance shareholder value by spinning off the ENZO retail jewelry division through an initial public offering of ENZO on an international stock exchange in the future.

(Source: Marketwire, 2011-04-14)

    see all Business Outlook notes

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 Analyst Coverage (show more)
2011-05-17Roth CapitalReiterationBuy$7.00
2011-05-13Roth CapitalReiterationBuy$7.00
2011-04-14Roth CapitalReiterationBuy$7.00
2011-03-31Rodman & RenshawReiterationOutperform$7.00
2011-03-30Roth CapitalReiterationBuy$7.00

JADE is currently followed by 2 analysts. Both give the stock a positive rating. The average price target is 7.00.

    see all Analyst Ratings

 Investor Presentations
2010-03-16 (HTML)   VIEW
READ: Score Cards Explained
DETAILS: Safety/Risk Model for JADE
Current Price:  n/a
F10k Day (1998-04-15): -100.00%$6.00
2009 Close: -100.00%$2.45
2010 Close: -100.00%$3.89
2011 Close: -100.00%$1.92
High (2012-02-22): -100.00%$2.49
Low (2012-05-25): -100.00%$1.24
Market Capitalization: n/a
Total Shares: 29.29 mill
Float: n/a
Avg Volume: 112.60 k
Short Interest: 481.50 k
Short Ratio: 1.82%4.3 d
Last Quarter: 2010-12-31
Revenue (MRQ): 45.05 mill
Net Income (MRQ): 4.00 mill
Op. Cash Flow (MRQ): -4.03 mill
all financial data provided without warranty