Expected Date---Week of 12/17/07 IPO File Date-=--12/3/07 Price Range---=--$11.50 - $13.50 Shares Offered=--18.0 mm
Business ----The largest biodiesel producer in China. Industry ---- Energy-Alternatives Employees -- 288 Founded 2001
Market Cap----------------$1,042.7 (millions) Revenues -----------------$294 (millions) Net Income ---------------$116 (millions) 2006 Sales----------------(mil.) $824.5 1-Year Sales Growth-------128.5% 2006 Net Income (mil.)-----$332.8 1-Year Net Income Growth--118.2% 2006 Employees------------288 1-Year Employee Growth----55.7%
Overview
Talk about a multitasker, veggie oil will fry up your food AND gas up your car. Chinese biodiesel maker Gushan Environmental Energy produces nearly 200,000 tons of this renewable fuel per year out of vegetable oil, animal fat, and recycled cooking oil. The company buys these raw materials from local vegetable oil and waste management companies, then once processed, the biodiesel is sold directly to marine vessel operators, petroleum wholesalers, and retail gas stations for use in boats, buses, trucks, generators, and other engines. Sales of biodiesel account for more than 80% of Gushan's revenues, while the remainder comes from selling biodiesel's by-products, such as glycerine, to food and drug companies.
Company Address
No. 37, Golden Pond Road, Golden Mountain Industrial District, Fuzhou City, China
posted
The vegetable oil has been mentioned here in the US for a few years and it does work with diesel and is much cheaper.Packaging makes it look higher in stores.I will look into buy a few hundred shares after xmas.Some of these chinese ipo's come back down below the initial offering price after a week or two after profit takers get sum b4 they take off. Thanks for the tip.
quote:Originally posted by Bottomfeeder: The vegetable oil has been mentioned here in the US for a few years and it does work with diesel and is much cheaper.Packaging makes it look higher in stores.I will look into buy a few hundred shares after xmas.Some of these chinese ipo's come back down below the initial offering price after a week or two after profit takers get sum b4 they take off. Thanks for the tip.
exactly...I always wait for the indicators to show up on stockcharts...that's usually when its over sold and ready to bounce...cause there has to be enough trading days to have enough data for the T.A. indicators.
I also have a watch list of all IPO's For the last 1-2 years at stock fetcher...I have colums for RSI and stochastics. I sort them by either rsi or stochastics ascending to see which IPO's are over sold!
IP: Logged |
posted
I forgot too.The interest in veggie and beef fat or tallow may also have an impact on the make up industry.Tallow,from beef fat cooked down,goes into make up,perfume,after shave,deodorant as well as feed for pigs and hogs.This will be interesting.
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Wink]](wink.gif)
![[Cool]](cool.gif)
