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China Cablecom Holdings Ltd (fka CABLF) RSS Feed

Followers
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359
Created
05/13/09
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We have been watching the stock very closely and this is the most excited we have been all week.  If you were watching today at all you would have noticed that the bids were STACKED and selling EXHAUSTED.  All our sellers have completely dried up!  Looking for an exact number on the SHORTIES position, but failuretodeliver who gets the DATA directly from the SEC had it 160,000 SHORT on Jan.31 2011.  We are expecting some forward momentum starting tomorrow so if you were considering taking position in this stock now would be a GREAT TIME!!  
 
We have added some DD below and A MUST READ TRANSCIPT of the EARNINGS call, late last year.
 
 
 

 
About:  
Clive Ng (born 1962, Malaysia) is a media sector financier and executive. He has focused primarily on Asian business opportunities and has been instrumental in several joint-venture partnerships between American companies and Asian firms, particularly during the Internet and e-commerce boom of the late 90s and early 2000s. He has also been a founding shareholder in Asian new media firms such as MTV Japan and E*TRADE Asia.[1]
 
Currently, he is founder and Executive Chairman of China Cablecom Holdings.
 
en.wikipedia.org/wiki/Clive_Ng
  

 
Questions & Answers: 
Transcript Call Date 10/15/2010 - Operator: David Kratochvil, Euro Pacific Capital.
 
DIRECT LINK: www.morningstar.com/1/3/235454-china-cablecom-holdings-ltd-cablq2-2010-earnings-call-transcript.html
 
 
David Kratochvil - Euro Pacific Capital: I just wanted to touch on something that was mentioned briefly in the call earlier about provincial consolidation of cable operators. I was wondering if you could provide an update on the timing of what you see happening with Hubei and Binzhou provinces, and what kind of impact you think that might that on the assets and valuations, and if you have any information about any other consolidations that have been taking place, that have already occurred; can you talk about what kind of impact those have had?
 
Clive Ng - Executive Chairman: Right. Thanks, David. Thanks very much. I'll take a lead on this and maybe you can input later. First of all, the two regions that we're in, Shandong and Hubei are currently undergoing consolidation. Hubei has probably the most advanced consolidation today in China in terms of consolidating their existing assets as well as, they have also listed a public company in China. The second is Shangdong; Shangdong is a larger asset given that it's in 17 cities, in Shandong province and we operate in a venture, in a co-ownership in Binzhou. What we are seeing right now is that Shandong is looking for a consolidation as a provincial play probably within the year. Within Hubei itself, I think within six months plus, we will be in discussions with the Hubei authorities, staff, as well as the government of possibly consolidating our 55% ownership into the public company in which - they're using us a local Asia consolidation play.
 
David Kratochvil - Euro Pacific Capital: Do you see Cablecom owning shares of the larger entity or just having the other portion that you guys don't own, the portions of this larger consolidation?
 
Clive Ng - Executive Chairman: I think we're trying to keep our options open. Our view from management would be that it would make probably better economics if we were to take our share and subscribe to the local A share, given that the multiples of cable assets in China are much higher. If you take a comparable as an example, Beijing Gehua, which is traded on the Shanghai Stock Exchange that's about 3 million subscribers and their market cap is about $1.9 billion.
 
David Kratochvil - Euro Pacific Capital: That's little bit higher than Cablecom's?
 
Clive Ng - Executive Chairman: Yeah, a little bit higher. We believe given that we have 1.2 million to 1.3 million subs in our joint venture with Hubei, and given that once Hubei consolidates most of their system, they will be probably a 5 million to 6 million subscriber base, which will be much larger than a Beijing Gehua, and we feel that even if you took our 1.0 to 1.3 million, and our 55% ownership which give us close to 700,000, and you're talking about low range of 2s to 3s to 400 per subs, in terms of valuation. So, that's what we are trying to achieve. It's still negotiating with the government. At some instances they might prefer to buy us out, some instances they might want us to roll our stake in for equity. I think we're trying to maximize our shareholders' value. That's what we hope to do.
 

 
CHART:
 
 
 
 
 
 
 
VIDEO CHART (March/07/2011):
 
 
 


SHARE TALK:
 
CABL Security Details
Share Structure
Market Value           $1,377,331 a/o  Mar 04, 2011
** Based on 11,353,150 outstanding shares of common stock, Filing from Feb .13 2011
 

NAMES OF REPORTING PERSONS
Platinum Partners Value Arbitrage Fund LP.
The Fund filed its second amendment to its Schedule 13G with respect to its beneficial ownership in the ordinary shares of the Issuer as of September 14, 2009.  The number of shares beneficially owned was 805,911 Ordinary Shares, or 12.0%, of the Issuer’s outstanding Ordinary Shares, as of September 14, 2010.

Jayhawk Capital Management.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON* Includes 45,571 shares of common stock

BREAK DOWN OF OUR HOLDERS

http://www.equityhive.com/main/Individual/assetview.aspx?i=1299265



LET'S TALK NUMBER$

China Cablecom Holdings, Ltd. Reports Second Quarter 2010 Financial Results
 
Binzhou and Hubei operations generated second quarter revenue increases of approximately 30% year-over-year; Company reiterates financial and operational guidance for full year 2010
 
SHANGHAI, CHINA— (Marketwire – October 15, 2010) - China Cablecom Holdings, Ltd. ("China Cablecom" or the “Company”) (NASDAQ: CABL), a joint-venture provider of cable television services in the People's Republic of China (“PRC” or “China”), announced today its unaudited financial results for the second quarter ended June 30, 2010.

 

Second Quarter 2010 Highlights:

Hubei revenues were $10.9 million, an increase of 29% over the second quarter of 2009.
Hubei earnings before interest, taxes, depreciation and amortization (“EBITDA”) representing the Company’s 55% share was $2.6 million, an increase of 38% over the second quarter of 2009.
Hubei added nearly 23,000 subscribers during the quarter.
Binzhou revenues were $3.1 million, an increase of 34% over the second quarter of 2009.
Binzhou EBITDA representing the Company’s 60% share was $1.4 million, an increase of 54% over the second quarter of 2009.


Business Outlook

For the full year of 2010, China Cablecom reiterates its revenue guidance of $50-55 million. This includes total paying subscribers of 1.8 million and consolidated digital subscribers of  750,000.

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