China Tracker - Details for Puda Coal (PUDA)

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 Puda Coal
Shares Outstanding (MRQ): 30.02 mill 
New Shares / Dilution (TTM): 14.43 mill92.54%
New Shares / Dilution (since Dec 31, 2008): 14.79 mill97.14% 
Cash (MRQ): 156.17 mill0.00%
Account Receivables (MRQ): 36.87 mill0.00%
Account Receivables (Q/Q): + 0.29 mill0.79% 
Long-Term Debt (MRQ): 5.20 mill0.00%
Revenue Growth (Q/Q): 0.59% 
Revenue Growth (Y/Y): 50.26%
Net Income Growth (Q/Q): -21.50% 
Net Income Growth (Y/Y): 9.78% 
EPS Growth (Y/Y): -42.98%
Net Margin (Q/Q): 4.5% (5.8%)-1.30% 
Net Margin (Y/Y): 4.5% (6.2%)-1.70% 
EPS | P/E (2 MRQ Projection): $0.620.00 
CFPS | P/CF (2 MRQ Projection): $0.230.00 
Price/Sales (2 MRQ Projection): 0.00
Price/Book (MRQ): 0.00 
Auditor: currently none
 Forward Projections (Fiscal Year)
EPS | P/E (Estimates updated 2010-10-31): $1.450.00 
 Basic Facts and History (show more)
Reporting Type: U.S. Company (10-K Filings) 
Going Public: Reverse Merger on 2005-07-15 
Uplisting to Senior Exchange: on 2009-09-22 at $4.40 (-100.00% since Uplisting)

 Business Outlook

Recent Chain of Events:
2011-09-02 -- Delisting from NYSE Amex
2011-09-01 -- Last SEC Filing
2011-08-19 -- Auditor Engagement
2011-07-07 -- Auditor Resignation
2011-04-11 -- Trading halted by NYSE Amex
2011-03-16 -- Last Quarterly/Annual Report: FY2010 ended December 31, 2010

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

On July 13, 2011, the Independent Committee of the Board received a draft merger agreement from Chairman of the Board, Mr. Ming Zhao, pertaining to the preliminary buy-out proposal made by Mr. Zhao on April 29, 2011. Although it is expected that evaluation and negotiation of the draft agreement will take at least several weeks, neither the Company nor the Independent Committee can provide any assurances that a definitive agreement will be executed or approved or that a transaction will be consummated or the timing of such. The Company will provide no other updates regarding the proposed buy-out until there is a material development.

(Source: PR Newswire, 2011-07-25)

By letter dated July 7, 2011, the independent registered public accounting firm of Puda Coal, Moore Stephens, resigned, effectively immediately. Moore Stephens served as the Company's auditor since July 19, 2005. Moore Stephens also advised the Company that further reliance should no longer be placed on its previously issued audit reports relating to the Company's financial statements for fiscal years 2009 and 2010. The resignation and non-reliance advice by Moore Stephens are based on its conclusion that it is no longer able to rely on the representations of the Company's management received in connection with its audits of the Company's financial statements for the last two fiscal years. Moore Stephens believes such management representations are materially inconsistent with the alleged unauthorized transfers of subsidiary ownership by the Company's Chairman, Mr. Ming Zhao, which are currently subject to the investigation by the Audit Committee. The Company's Audit Committee will continue its investigation into the alleged unauthorized transactions.

(Source: PR Newswire, 2011-07-12)

    see all Business Outlook notes

 Analyst Coverage (show more)
2011-04-11Rodman & RenshawDowngradeTerminatedn/a
2011-03-30Brean MurrayReiterationBuy$21.00
2011-03-16Brean MurrayReiterationBuy$21.00
2010-12-20Brean MurrayReiterationBuy$20.00
2010-11-16Brean MurrayReiterationBuy$18.00

    see all Analyst Ratings

 Recent Financings
2010-12-17Priced$101.50 mill9.00 mill shares$12.00
2010-08-17Filing$90.00 mill--
2009-12-03Filing$13.56 mill--

 Investor Presentations
2010-12-08 (HTML)   VIEW
2010-05-17 (HTML)   VIEW
2010-03-16 (HTML)   VIEW
READ: Score Cards Explained
DETAILS: Safety/Risk Model for PUDA
Current Price:  n/a
F10k Day (2005-11-02): -100.00%$16.11
2009 Close: -100.00%$7.35
2010 Close: -100.00%$14.25
2011 Close: -100.00%$0.24
High (2012-04-27): -100.00%$0.29
Low (2012-04-11): -100.00%$0.02
Market Capitalization: n/a
Total Shares: 30.02 mill
Float: n/a
Avg Volume: n/a
Short Interest: 5.20 mill
Short Ratio: 25.41%n/a
Last Quarter: 2010-12-31
Revenue (MRQ): 90.53 mill
Net Income (MRQ): 4.11 mill
Op. Cash Flow (MRQ): -5.76 mill
all financial data provided without warranty