YZC - Yanzhou Coal Mining - IPO priced at $15.75 Message Board

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Technology Stocks : YZC - Yanzhou Coal Mining - IPO priced at $15.75

YZC 8.170

0.0%

Jul 10 4:00 PM EDT

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To: RealMuLan who wrote (1)	7/27/1998 2:22:00 PM
From: Cymeed	Read Replies (1) of 8

Does anybody have asset value of this company ? The IPO gave them $256 million in cash (minus fees), and the market value of this company is approaching that ! Does this company owe a lot of debt ? Anybody know their true asset value (balance sheet) please post here. Even older data will be helpful. Unless they owe a lot of debt, this stock looks like a stealing buy @ $6 1/2. Understand they export 1/3 of their coals to Japan. Even with Japanese economy down, they still have to buy coals, at the same price measured in Japanese Yen. Assuming Yen devalued 50%, they only lose 1/6 of total revenue. I would assume their domestic sales should just do fine with China's economy still growing at a healthy but slowed pace. Would they be able to make even with that 1/6 drop of revenue ? Anybody has the last year's sales and profit information please also post here. All are appreciated.

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