Lingbao Gold 3330

Lingbao Gold 3330

Postby winston » Thu Jul 24, 2014 8:03 am

not vested

LINGBAO GOLD (03330.HK) 1Q results swing into profit
2014-04-29

LINGBAO GOLD (03330.HK) 0.000 (0.000%) announced that for the first fiscal quarter as of the end of March, the turnover fell 5.64% yearly to RMB1.447 billion;

Net profit equaled RMB16.4867 million, representing EPS of 2 fen.

In the year-ago period, a loss of RMB69.9306 million was registered.

Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston
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Re: Lingbao Gold 3330

Postby winston » Thu Jul 24, 2014 8:04 am

not vested

LINGBAO GOLD (03330.HK) expects sharp loss in full-year result
2014-01-30

LINGBAO GOLD (03330.HK) 0.000 (0.000%) announced that it is expected to record a substantial loss as compared to a net profit recorded with the year-ago period, mainly due to the significant decline in the commodity prices, and the write-down in value of inventory.

Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Lingbao Gold 3330

Postby winston » Thu Jul 24, 2014 8:08 am

not vested

LINGBAO GOLD (03330.HK) rated Underperform, TP reduced to $1 - CS
2013-09-03

Credit Suisse noted in a report that after deducting the one-off losses from inventories write-down and provision for Impairment of goodwill, LINGBAO GOLD (03330.HK)'s interim loss of RMB189 million was out of expectation.

During the period, gold mine production dropped 21% year-on-year to 1.3 tons, 33% below estimate. Consequently, the broker slash the full-year gold output forecast by 1 ton to 3.3 tons.

The broker predicted that the company's gold mines are close to break even, while the debt ratio rose to nearly 200%, bring pressure to the company's profit and valuation.

In order to reflect the low book value, the broker lowered the target price from $1.1 to $1, with PB ratio estimate staying at 0.3x. The Underperform rating remains unchanged.

Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston
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