China Ceramics Corp. (NASDAQ:CCCL)

CAPS Rating: 1 out of 5

CCCL News and Commentary

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21 Underperform
 

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Top CCCL Bull/Bear Pitches

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MikkoAS (20.29)
Submitted September 24, 2011

CCCL is not a fraud.

jed71 (99.23)
Submitted September 06, 2016

I don't really think I need to add much more to my write up other than the following copy and paste. This is a prior reverse merger with some very questionable financials: "China Ceramics, through its operating subsidiaries, is a leading PRC-based… More

CCCL VS S&P 500 (SPY)

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Recs

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Member Avatar RES7 (98.10) Submitted: 9/16/2016 9:14:30 PM : Underperform Start Price: $2.57 CCCL Score: +65.27

jed71

Recs

1
Member Avatar jed71 (99.23) Submitted: 9/6/2016 11:14:51 AM : Underperform Start Price: $2.79 CCCL Score: +67.90

I don't really think I need to add much more to my write up other than the following copy and paste. This is a prior reverse merger with some very questionable financials:

"China Ceramics, through its operating subsidiaries, is a leading PRC-based manufacturer of ceramic tiles used for exterior siding and for interior flooring and design in residential and commercial buildings. The ceramic tiles, sold under the “HD” or “Hengda”,“HDL” or “Hengdeli”,“TOERTO”, “WULIQIAO” and “Pottery Capital of Tang Dynasty” brands are available in over two thousand styles, colors and size combinations. Currently, we have six principal product categories: (i) porcelain tiles, (ii) glazed tiles, (iii) glazed porcelain tiles, (iv) rustic tiles, (v) ultra-thin tiles and (vi) polished glazed tiles. Porcelain tiles are our major products and accounted for over 68.4% of our total revenue in 2012.

We are a British Virgin Islands limited liability company whose predecessor, China Holdings Acquisition Corp (“CHAC”), was incorporated in Delaware on June 22, 2007 and was organized as a blank check company for the purpose of acquiring an operating business. Pursuant to the terms of a merger and stock purchase agreement dated August 19, 2009, on November 20, 2009, CHAC merged with and into China Ceramics, its wholly owned British Virgin Islands subsidiary, and, immediately thereafter, as part of the same integrated transaction, China Ceramics acquired all of the outstanding securities of Success Winner."

I will note a few items on the financials. Note that in the latest quarter the cash balance has gone from 226MM Yuan to 1MM Yuan. Looks like they paid a big portion of AP balances all at once. Very strange and makes me wonder if they stink at cash management (this alone would make me very nervous). Their income has also gone very negative in the last quarter due to a "one timer." We will see in the coming quarters if this negativity in earnings continues. There are just way too many strange things in the financials for me to ignore this one. I suspect this will go the way of most Chinese reverse merger firms, but I guess time will tell whether I am right or not.

Recs

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Member Avatar pchop123 (80.26) Submitted: 6/17/2014 4:07:12 PM : Underperform Start Price: $6.40 CCCL Score: +117.10

minimal hopes for good upward price increases

Leaderboard

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Score Leader

walt393

walt393 (99.86) Score: +209.78

The Score Leader is the player with the highest score across all their picks in CCCL.

Top
Pick
Member Name Member
Rating
Start
Date
Call Time
Frame
Start
Price
Stock
Gain
Index
Gain
Score Commentary
walt393 99.86 12/27/2011 Underperform 5Y $20.32 -92.03% +117.75% +209.78 0 Comment
BuffettJunior1 97.74 10/28/2011 Underperform 5Y $20.75 -92.19% +114.06% +206.25 1 Comment
ChinaRTO 99.86 4/14/2011 Underperform 5Y $31.45 -94.85% +110.21% +205.06 1 Comment
vettelvettel 98.73 5/23/2011 Underperform 5Y $37.05 -95.63% +108.17% +203.80 0 Comment
ShortingChina 99.93 4/11/2011 Underperform 5Y $37.70 -95.70% +106.57% +202.27 0 Comment
kaleidoscopic 66.33 6/1/2011 Underperform 5Y $35.90 -95.49% +104.34% +199.83 0 Comment
warrenout3 41.50 12/3/2012 Underperform 5Y $14.50 -88.83% +92.39% +181.23 0 Comment
benclaytor < 20 8/7/2014 Underperform 5Y $7.09 -77.15% +42.64% +119.79 0 Comment
pchop123 80.26 8/7/2014 Underperform 5Y $6.40 -74.70% +42.40% +117.10 1 Comment
Zencyclone 29.91 9/28/2016 Underperform 5Y $3.44 -52.91% +27.79% +80.70 0 Comment

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