China Tracker - Details for China Electric Motors (CELM)


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 China Electric Motors
Shares Outstanding (MRQ): 21.94 mill
New Shares / Dilution (TTM): 8.39 mill61.89%
Cash (MRQ): 36.42 mill0.00%
Account Receivables (MRQ): 16.01 mill0.00%
Account Receivables (Q/Q): + 6.14 mill  
Long-Term Debt (MRQ): NO DEBT
Revenue Growth (Q/Q): 29.98% 
Revenue Growth (Y/Y): 48.90%
Net Income Growth (Q/Q): 24.84% 
Net Income Growth (Y/Y): 60.99%
EPS Growth (Y/Y): -0.56%
Net Margin (Q/Q): 15.6% (16.3%)-0.60% 
Net Margin (Y/Y): 15.6% (14.5%)1.20% 
EPS | P/E (2 MRQ Projection): $0.840.00 
CFPS | P/CF (2 MRQ Projection): $0.540.00 
Price/Sales (2 MRQ Projection): 0.00
Price/Book (MRQ): 0.00 
Auditor: currently none
 
 Forward Projections (Fiscal Year)
EPS | P/E (Estimates updated 2011-01-04): $1.050.00 
 Basic Facts and History (show more)
Reporting Type: U.S. Company (10-K Filings) 
Going Public: IPO on 2010-01-29 
IPO Price: $4.50 (-100.00% since IPO)

 Business Outlook

COVERAGE TERMINATED (Going Dark)
Recent Chain of Events:
2011-09-20 -- Last SEC Filing
2011-09-16 -- CEO Appointment
2011-09-15 -- CEO Resignation
2011-06-14 -- Delisting from NYSE Amex
2011-05-31 -- Auditor Resignation
2011-05-31 -- CFO Resignation
2011-03-31 -- Trading halted by NYSE Amex
2010-11-12 -- Last Quarterly/Annual Report: Q3/FY2010 ended September 30, 2010

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

China Electric Motor received a letter dated May 17, 2011 from the Nasdaq staff advising the Company that the staff had determined to delist the Company's common stock. On May 24, 2011, the Company submitted a request for a written hearing before a Nasdaq Hearings Panel. On June 10, 2011, after further consideration, the Company withdrew the request for a hearing. The Company's decision to withdraw its request for a hearing is not, and should not be construed as, an admission, concession or statement with respect to any of the assertions or matters set forth in the aforesaid letter dated May 17, 2011 from the Nasdaq staff. On June 13, 2011, the Company received a letter from the Nasdaq staff advising the Company that the Company's shares will be suspended effective at the open of business on Tuesday, June 14, 2011.

(Source: 8-K Filing, 2011-06-14)

On May 24, 2011, all of the members of the Special Committee informed the Board that each such member had resigned, effective immediately, from the Special Committee. The Special Committee was allowed to and did conduct a preliminary investigation, which included being allowed to obtain official bank statements directly from the bank where the Company keeps its account, to conduct, through counsel, preliminary interviews with certain key executives and employees, who made themselves available for the preliminary interviews, and to retain forensic consultants. However, Messrs. Lee, Shen and Tang disagreed with certain Company officers and directors as to the appropriate scope of the investigation going forward (those officers viewing the scope as too wide and the estimated fees as too high), and this disagreement was the reason for their resignations from the Special Committee. As of May 26, 2011, each of Messrs. Lee, Shen, and Tang remain on the Company’s Board of Directors.

(Source: 8-K Filing, 2011-05-27)

    see all Business Outlook notes

 Analyst Coverage (show more)
2011-03-31Red ChipDowngradeSuspendedn/a
2011-03-31Global HunterDowngradeTerminatedn/a
2011-03-22Roth CapitalDowngradeSuspendedn/a
2011-01-25Roth CapitalReiterationBuy$10.00
2011-01-04Global HunterInitiationBuy$9.00

    see all Analyst Ratings

 Recent Financings
2010-12-03Filing$50.00 mill--

 Investor Presentations
2010-07-13 (HTML)   VIEW
2010-04-09 (PDF)   DOWNLOAD (right click, save as)
CELM
Electronics

COVERAGE SUSPENDED OR TERMINATED
 
READ: Score Cards Explained
SAFETY/RISK SCORE
EXTREME RISK
DETAILS: Safety/Risk Model for CELM
Current Price:  n/a
F10k Day (2010-01-29): -100.00%$4.45
2010 Close: -100.00%$4.55
2011 Close: -100.00%$0.08
High (2011-07-29): -100.00%$0.30
Low (2011-12-30): -100.00%$0.06
Exchange:
Market Capitalization: n/a
Total Shares: 21.94 mill
Float: n/a
Avg Volume: 134.20 k
Short Interest: 99.20 k
Short Ratio: n/a0.7 d
Last Quarter: 2010-09-30
Revenue (MRQ): 32.88 mill
Net Income (MRQ): 5.14 mill
Op. Cash Flow (MRQ): 1.99 mill
all financial data provided without warranty