posted
This is down to .07 and hasn't moved much in a while.
November's news was encouraging, 10Q showed about $350,000 net income, which is really more like breakeven when considering they had over 240 million in revenues.
I like it, the year prior they had an EPS of -.01, they broke even for FY2005. If they keep heading that direction, with 94 million shares outstanding, they don't have much ground to cover to hit +.01 EPS in 2006, which would mean a P/E of 7-8 if price holds steady. Call me a sucker, but I say this is undervalued at that level.
Ok, so it's not a quick gainer I'm looking at, but anyone else playing this semi-long-term? I picked up some to play the hunch...over time.
-------------------- ~-------------~ Don't sweat me. Posts: 52 | From: Delaware, USA | Registered: Dec 2005
| IP: Logged |
posted
Tricell is Pleased to Announce European Court of Justice Decision on Tax Refund Thursday January 12, 4:27 pm ET
STAFFORDSHIRE, U.K., Jan. 12 /PRNewswire-FirstCall/ -- Tricell Inc. (OTC Pink Sheets: TCLL - News), today announces that the European Court of Justice ruled in favor of companies such as Tricell whose VAT refunds had been withheld by HM Revenue & Customs. This decision emanates from HM Revenue & Customs' prosecution of the Finance Bill of 2003 which made companies liable to the VAT debts of other firms who may have engaged in fraud. The ECJ ruled that a person who carries out an otherwise lawful transaction can not be affected by the fact that in the chain of supply of which that transaction forms part, another prior or subsequent transaction is compromised by value added tax fraud, without that person knowing or having any means of knowing of such fraud. HM Revenue & Customs' position was that this fraud, also referred to as "missing trader fraud," occurred when a business imported goods, in Tricell's case electronic commodities such as cellular telephones, then sold the goods to another business with VAT added to the sales price and the selling importer then did not pay the VAT withheld.
HM Revenue & Customs had withheld VAT refunds to importers who submitted proper refund requests, but who had the misfortune of buying or selling goods which some other business had not paid their separate independent VAT refund. Andre Salt, Tricell's CEO and Chairman of the Board, stated, "Tricell can now buy goods in the open market without fear of having VAT refunds withheld by Customs.
Andre Salt added, "We are very relieved and pleased with the ruling of the ECJ, Tricell will now pursue damages for lost profits, attorneys' fees expended, and other damages."
Tricell Inc. was established in 1999 as a distributor of mobile phones and related accessories to the wholesale markets in the UK, Europe, Middle East and Asia. For more information, please visit our website at www.tricellinc.com , or the SEC's Edgar filing system at www.sec.gov .
posted
smallstuff, i'm in for more long term. cant daytrade this one. How often do you come across a non dilutive penny stock with revenues and earnings like this, and NOT have like a billion shares? So few... this one is worth holding at least 6 months or longer. What are you going to have--a billion dollar revenue company with EPS of around $.02-$.06 trading at a dime? cant stay here, good luck accumulating, i sure as heck am. And yes, talk about UNDERVALUED. Look at all the junk trading 10X what this one is at. Way way undervalued. I hope to see $.60-$.90 later this year. Company also wants off the pinks, so they should be able to reapply for otcbb as soon as they file the 10KSB, that will add visibility.
posted
I agree gonefishin13, this has loads of potential and it doesn't take much to move this baby. With their earnings, they're headed in the right direction to get out of pinkyland (over time) imo, and I'll be happy to watch my little shares grow over the coming months. Best of luck to you & also to TCLL!
-------------------- ~-------------~ Don't sweat me. Posts: 52 | From: Delaware, USA | Registered: Dec 2005
| IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
