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  • SOKO results out this Friday, Jan. 14, 2011 5 comments
    Jan 10, 2011 1:52 PM | about stocks: SOKF
    SOKO (OTC:SOKF) is announcing 2Q 2011 results before market open on Jan. 14, 2011.

    Steady 30% profit margins, great ROE, limited competition, big expansion now and for the next 2 years at least, imminent NASDAQ uplisting, first analyst coverage initiated today (with 75% PT upside), huge insider, institutional buying over the last 6 months.

    Themes: China Stocks: SOKF
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  • jopdycke
    , contributor
    Comments (3) | Send Message
     
    Hi - I'm very interested in getting in on Soko and would find it helpful to know what kind of institutional buying is taking place...and what the projections are for a NASDAQ uplisting. Any thoughts on this?
    20 Jan 2011, 03:48 PM Reply Like
  • China Investor
    , contributor
    Comments (183) | Send Message
     
    Author’s reply » IDG Capital Partners is doing the institutional buying. Their website shows some of their portfolio holdings at www.idgvc.com/en/ The CEO or chairman of that company, Patrick McGovern, is also buying personally.

     

    IDG bought 10million shares back in March of last year. That deal allowed for an IDG observer at SOKO's board meetings, so IDG should be well informed. Apparently, IDG could not get enough shares, so they have been buying over the past several months on the open market, as you can see at yahoo.brand.edgar-onli... My approximation is that they have bought another 5 million shares over the last several months.

     

    They announced that they had applied for a NASDAQ listing back in the fall. From the last conference call, it seems like they have a few issues to work through still, so I am not sure when it will happen.
    21 Jan 2011, 01:03 AM Reply Like
  • China Investor
    , contributor
    Comments (183) | Send Message
     
    Author’s reply » Correction: It should be ~$10million worth of shares, not 10 million shares. Also, it should be another ~$5million worth of shares, not 5 million shares.
    21 Jan 2011, 10:23 AM Reply Like
  • Mattchina
    , contributor
    Comments (4) | Send Message
     
    I have looked through the SOKO statements and find them hard to believe. They are retaining 90% of clients in a market where the average is 10-20% for China. (Top clubs in the US which is a developed market work hard to get 70-80%). There is also a few other statements which lead me to doubt many of what is written. Have been in Chinese Fitness industry for over 10 years so know whats what. When get time will go through in more details concerns have about it.
    22 Jan 2011, 08:50 AM Reply Like
  • China Investor
    , contributor
    Comments (183) | Send Message
     
    Author’s reply » What are the other statements?
    And how have you been involved in the Chinese fitness industry?
    Sounds good, let us know what you find out after taking a more detailed look.
    22 Jan 2011, 02:21 PM Reply Like
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