LGOV; T-27 and counting........
LGOV is an 8+ year old company, run by a fellow who does what he says. He also runs the company like a Harvard MBA; substance before talk.
It is the only firm operating in China, to my knowledge, that has both import and distribution rights for its products. In this case, that is bottled and pipelined LPG gas; with multiple other businesses (comm., telecom, housing, real estate development)to grow.
To the best of my understanding, the company will become fully reporting next month. A stockholders meeting is scheduled for mid-November to announce that.
In the JMO-category, it would be absolutely silly to go to all that effort, unless a series of news releases (perhaps including the financial info, said to be very "profitable") were included. News + performance + actions = (answer on page 10.)
A two-day hit by some heavyweight daytraders three months ago drove the price up to $0.76+/-. On lack of following substantial company news, it has taken all this time to coast back down to it's 0.20 base.
Now, what do you suppose this stock is going to do with substantiated news, formal financial submittals, and the "Shirts" on the Street discovering a profitable growing company with a GOVERNMENT APPROVED MONOPOLY position? All this in a country with the biggest potential demand market for its products, which are being mandated by Government regulations!
At $1.00, LGOV becomes a target for institutional buying; those big-block buys have REALLY interesting effects on share price. :-)
A month from now, all of the woulda-coulda-shoulda-Non-owners and the pessimistic, whining skeptics are going to have a world-class opportunity to do their best impression of our favorite TV hero.
".................DoooooooooooooooooH!"
LGOV/Xinmao has completed six pipeline projects in China, hooking up apartment complexes and business for "life of the pipeline" contracts (that's 35+ years in engineer-speak). The bottled gas portion of the business is handled with prepaid-vouchers transacted through the People' Ag Bank. Like McDonalds, LGOV gets its money before anyone gets their gas, and the customers are assured of satisfaction.
China's forests are becoming depleted from fuelwood cutting and their air pollution situation is terrible. Hence charcoal (wood) burning has been outlawed in most of the most populated provinces. As gasoline is explosive, diesel fuel stinks, and alcohol is too expensive; what would burn in your stove? (answer: natural gas).
LPG and LNG are of almost identical chemistry and caloric value, and LPG is the product of choice in China. The local "UPS-guy" in QuangDong, in many cases, is a LGOV-bicycle-dude with a two-bottle rack on his back wheel. LGOV/Xinmao obviously has transport vehicles and pressure-tank trucks as well.
Vehicle conversion to LPG is being pushed by the government as well.
This stock has been described as the "JEWEL OF THE ORIENT", and I have more than a 50k bauble collection; and am growing it by-the-paycheck. My friends collections make mine pale by comparison.
My assessment is that a $1000 worth of LGOV today, will probably afford you most - if not all - of a Harley 900 Sportster by Rudolph time. Worst case, it will certainly finance the Holidays for you and your crew; or you can take the long term view and apply the gains to your retirement or kid's education.
Go to largovista.com and read everything. Altavista search all the relevant subjects re: China. Then, call Dan Mendez (CEO) and talk to the man.
As with any CEO, he has work to do! - so if you don't get him first try, leave your number and tell him John Hollen told you call (no, I don't get a cut).
NOT coming across like a skeptical-whining-jerk will also improve your chances of getting through or receiving a call-back (general statement - not addressed to you, Ron).
If you don't see what I see, ....please go buy Krugerands, FannieMay or "BONDS".
If you DO see it - you best boogie; the clock is running ...and any "buy" level under 0.20 is a terrific "opportunity" (JMVHO). |
