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Thomas Hor

 
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  • China Mobile Games And Entertainment Group Has The Potential To Return Over 100% [View article]
    GrandSlammer, thank you for the question. Publishers may publish under their subsidiary studios, i.e EA may publish under Playfish or Popcap etc. Probably best to search by game title, which is in Chinese.

    Just doing a quick Google search, here is a link for "I am a Ninja" which is ranked #3 on Nov 28, 2013: http://bit.ly/18HQ18e

    Supercell, Clash of Clans is ranked #5, which I am sure you are familiar with.

    Best of luck on your research.
    Nov 27 01:48 PM | Likes Like |Link to Comment
  • China Mobile Games And Entertainment Group Has The Potential To Return Over 100% [View article]
    Kevin thank you for the question. The market share figures are from Analsys International, a research firm based out of China. For the market share calculation, it would be best to contact them: http://bit.ly/18mHqtz.

    I cannot comment on FL Mobile/NQ, and the accusations by MW. Those types of discussions are for folks who are a lot smarter than me. =)

    Regardless of people's view of market share (we used Analsys' figures because China game publishers have told us they are fairly accurate), where investors need to get comfortable are with the revenue figures. At the end of the day this is what is going drive earnings and stock valuation. If you want to get comfortable with the revenues, best to track them on the 3rd party app stores.

    I hope this helps.
    Nov 26 06:48 PM | Likes Like |Link to Comment
  • China Mobile Games And Entertainment Group Has The Potential To Return Over 100% [View article]
    Sellinpanic, thanks for your question. I think everyone should approach investing, in general, with caution - certainly there are no guarantees and investors should always do their own work. We approach investing with similar mindset. A couple things that may help your research process:

    1) Shareholding structure: Around 50% of CMGE is owned by VODone, which is a Hong Kong listed company (82.HK). On the VODone website, CMGE is listed as a subsidiary. About 7% of CMGE is owned by MediaTek. Unlike the NQ situation, these are bonafide cornerstone investors that not only provide strategic advice to CMGE, but provide the confidence in the market place. The recent investment by the Social Security Fund (essentially a pension fund) should also provide confidence - I believe CMGE is their first mobile game investment. These investors have a lot of skin in the game compared to public shareholders.

    2) Given that this mobile gaming, you can track the success of CMGE games, or revenues, by title, via 3rd party app stores. For example, you should be able to track some of their games on iOS via App Annie. This should provide some transparency in their revenue trends. However, tracking on Qihoo and 91 Wireless is requires more effort.

    I hope this helps and good luck.
    Nov 25 12:19 PM | 1 Like Like |Link to Comment
  • Renewable Energy Group And Syntroleum: Alpha Generation And Intelligent Way To Hedge RIN Risk Of Independent Refiners [View article]
    Post the SYNM, 1:10 reverse stock split, basic shares outstanding are approximately 9.9Mshares. Hence, applying the same Mktcap = $110M in the article, the implied target price is ~$11 (= $110/9.9Mshares). Hope this helps.
    Apr 15 03:52 PM | Likes Like |Link to Comment
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