China Tracker - Details for Andatee China Marine Fuel (AMCF)


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 Andatee China Marine Fuel
 Business Outlook

Andatee is adjusting its revenue and net income guidance for 2011 as we have observed volatility in global oil prices, resulting from the overall instability of the global economic environment. Significant increases and decreases in oil prices in tight timeframes make it challenging for us to price our products for optimal profitability and also cause pressure on demand. The industry was affected by the unexpected spike in oil price during the first half of 2011. While we attempt to mitigate the effects of the current swings in raw material costs on our bottom line, we remain focused on growing our sales volume and revenues. We are very pleased with the upwards of 45% growth in revenues for the first six months of 2011 and are working hard to maintain this trend. We are confident that our improving brand recognition and balanced fleet growth will continue to drive the marine fuel market in China in the long term.

The company revises revenue guidance to between $225 million and $275 million (from $275 million and $325 million) and net income guidance to between $5 million and $8 million (from $10 million to $12 million) for the year ending December 31, 2011

(Source: PR Newswire, 2011-08-11)

Outlook for 2011 (Excludes any acquisitions that the Company may consummate this year): Reiterates revenue guidance of between $275 million and $325 million. Revises net income guidance to between $10 million and $12 million (from $11 million to $13 million) for the year ending December 31, 2011, as a result of rising cost of inventory (rising oil prices) and a conservative approach to potential margin consolidation. Expects total sales volume to increase between 28% and 52% for the year ending December 31, 2011.

(Source: PR Newswire, 2011-05-13)

For 2011, Andatee believes revenue will be between $275 million and $325 million and net income between $11 million and $13 million. This guidance excludes any acquisitions that the Company may consummate during the year. "We are optimistic about the outlook of the marine fuel market in China because of growing demand, improving brand recognition, and balanced fleet growth. Andatee is continuing to generate excess cash flow and is well positioned to continue organic growth through the opening of new regional facilities, new products, and expanded service offerings such as direct refueling at sea. Finally, we also will strategically identify, research, and if appropriate, look to acquire target companies with desired facilities in areas that fit into Andatee's growth plans. We continue to remain cautious, as we are not willing to pay premium multiples for retail locations unless we can acquire a strong and growing customer base. We have attempted to geographically position our company with the ability to achieve stable growth through a variety of means."

(Source: PR Newswire, 2011-03-30)

Andatee China Marine Fuel Services Corporation today announced that the Company has commenced the construction of Jilong wharf in Donggang City, Liaoning Province. The capital expenditure for expanding the wharf is estimated at RMB 40 million ( US$5.90 million). Upon completion of construction, the Jilong wharf will be capable of providing oil refilling, maintenance and docking services to small and medium sized fishing vessels. The Company anticipates annual contribution of RMB7-8 million ( US$1.03-1.12 million) to the Company's net income. "We are very excited about the growth prospects ahead of us. The expansion of the Jilong Wharf is an initiative to enhance our business model by providing higher margin value added services for small and medium sized vessels in China."

(Source: PR Newswire, 2010-07-23)

As the leading supplier in the highly fragmented small- and medium-sized fishing vessel market, Andatee continues to be well positioned to participate in the expected growth in demand for marine fuel in China. The Company intends to leverage the quality of its products as well as its brand recognition to continue to expand its geographic footprint by building or acquiring new facilities. The Company anticipates an increase in demand for its marine fuel product as it addresses the quality and pricing volatility issues faced by the local fishing and cargo operators, and expects to continue to focus on retail sales customers in order to maintain strong margins.

(Source: PR Newswire, 2010-05-14)
AMCF
Oil & Gas
SCORE
5
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SAFETY/RISK SCORE
MODERATE RISK
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Current Price:  n/a
F10k Day (2010-01-26): -100.00%$5.77
2010 Close: -100.00%$5.50
2011 Close: -100.00%$3.17
High (2012-04-12): -100.00%$3.10
Low (2012-10-19): -100.00%$0.86
Exchange:
Market Capitalization: n/a
Total Shares: 9.82 mill
Float: n/a
Avg Volume: 21.20 k
Short Interest: 22.10 k
Short Ratio: 0.53%1.0 d
Last Quarter: 2010-12-31
Revenue (MRQ): 44.26 mill
Net Income (MRQ): 2.29 mill
Op. Cash Flow (MRQ): 1.57 mill
all financial data provided without warranty