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Arthur Porcari
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ABSTRACT: Based on recently released SEC filings, Kandi Technologies (KNDI) irrespective of the current stock price has apparently made a giant value leap from a $5.50 single digit speculation to a grossly undervalued $15 “Value” stock. How? Add the “surprise” $167 million in the headline, to a $16 million government cash grant, along with a $156 million debt repayment owed KNDI by its 50% owned Kandi Geely joint venture and the total $340 million far exceeds KNDI’s current $280 million market cap. Add this to the 4 billion RMB ($626 million-$12/sh) 2017 value appraisal reported in its Q2 17 10Q and you are at the $15/sh level.Until recent 10K and 10Q filings and respective Conference Calls, the $167 million windfall was a total unknown only appearing after the Jinhua local Government proposed buying KNDI owned land use rights to a legacy property from KNDI which is currently carried on its books for under $9 million. The Offer? An amazing “in excess of 1 billion RMB” ($167 million)....
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ABSTRACT: While more than double from its low in 2017, NASDAQ listed, China Based Kandi Technologies (KNDI), China’s “first mover” in the Electric Vehicle (EV) space, is still trading 70% below its 2014 high of $22.49. With Tesla's acquisition of Solar City, KNDI is now the only listed pure-play Electric Vehicle maker available for stock market purchase by US investors. As probably the hottest legitimate technology sector, particularly in China, a logical question by a new investor would be why is KNDI trading so poorly in the hottest Tech Market in history? The likely answer to that has much to do with a comment in my first line as KNDI being a “first-mover” of EVs in China. In this article while it is my intention to help clarify the likely cause of the lethargic trading, but more importantly spell out why KNDI has now crossed the chasm and is set up for a three year run to reach and continue beyond the 200,000 annual EV sales target in 2020 alluded to by Management in last quarters conference call. Very rare is the opening for an investor to have the opportunity to participate in the infancy of a trillion dollar market segment with a proven survivor company with a ten year track record. One thing for sure. As you will see later in this writing, three years from now KNDI will not be a $10-20 stock, nor will it be out of business. It will either still be struggling along at the $5-7 level, or it will be $50 to $100+. The Chairman of this Company is the founder and largest shareholder with around 15 million shares who has never taken a salary over $32,000 a year, never sold a share and bought some $2 million in open market stock over the past year. With most stocks trading at ridiculous and lofty prices, KNDI has to be an interesting speculation even if only for a few hundred shares.
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Abstract: While Nasdaq traded Kandi Technologies (KNDI) stock is making new lows due to a combination of China ignorant investors missing an incredible opportunity and a massive short position manipulation, at least two of Forbes China Top Ten Wealthiest Individuals are either already on board or likely soon to be KNDI involved in a serious way. Additionally, the Company, for the first time is reporting a KNDI valuation in a public disclosure. The disclosure shows a KNDI alone value of $600 million ($12.50 per share) USD against a current $170 million market cap. Company also disclosed names of some “circling sharks” in the recent Q2 10Q.
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