SW, GTCI NEXT TO RUN! profits from XNET and IMOT will be ploughed into GTCI...
To see full report, Disclaimer and Disclosure: #reply-8306653
Here is my conclusion on the XNET report and why I think that the large profits made out of IMOT and XNET will find their way in to GTCI, sometime early next week. Jeffrey agrees and has already added GTCI to his Index at InvestRight. Excerpt:
Conclusion: The PE should be much higher than 60, because there are only a very limited number of Companies licensed by MOFTEC to operate in this industry in China. So, the prospects of being bought by a major player down the road is very real.
As a result, I expect the share to trade as high as $5.00 in the near future, settle in a $3 to $5 range, and eventually progress towards the $10.00 range by next year.
My other triplets are IMOT, which has already had a good run to about $10.00, intra-day, and GTCI which has barely started to walk, let alone run. But, it will very, very soon!
For further DD on XNET, please look up #reply-8116325
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Following the posting above, Jeffrey, threadmaster of InvestRight, asked me what I thought of the WSR report, particularly the earnings projected for 1999. I replied that, IMHO to play it safe, I expected 25 cents rather than the 69 cents projected, and here again, this is a semi educated guess with the help of the review I had just done on XNET.
wallstreetresearch.net
However, I disagree with the low PE ratio of 20 attributed by WSR, for the reasons explained in the report. Since there are precious few licenses issued for this type of operations and there can only be a limited amount of joint ventures/partnerships possible, I think a PE of 30 to 40+ (somewhat less than XNET which has been operating since 1997 and has a profitable track record) should be in order, giving, in my opinion a potential value of between $7.50 and $10.00 in the medium term:
#reply-8307115
I agree with the argument that the stock has not moved yet because there are not a lot of verifiable information and figures on the company. But then, there was not a lot available on the other two either. I checked GTCI joint venturer, Newsnet Web site: it looks pretty good and will be in 6 major cities, just like XNET. Please look at this posting from Yongzhi and the Web site: #reply-8242795
It is clear to me that GTCI is the next stock to run up, probably next week, when the profits are taken out of IMOT and XNET and ploughed into GTCI.
Subsequently, Jeffrey added GTCI to his Index: #reply-8307138
Please, bear with Jeffrey's enthusiasm: he thinks a world of good about me because I had a few winning stocks last week: SNMM, LZMCF, IMOT, XNET, SETO, some of which he put on his Index.
GTCI Web site in the USA: globaltci.com
Note: I am going to try and obtain a current figure for the number of shares outstanding and the float, which I will post here.
Happy investing!
Regards, F. Goelo + + +
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