anil mewara

Nine Top China Plays

Here is the press release.
Chairman of New Dragon Asia Corporation Announces Intent to Purchase Shares
Wednesday July 9, 2008 9:00 am ET


SHENZHEN, China, July 9, 2008 (PRIME NEWSWIRE) -- New Dragon Asia Corp. (AMEX:NWD - News), one of China's leading producers of instant noodles, flour-related products and soybean-derived products, announced today that New Dragon Asia Food Limited, which is controlled by New Dragon's Chairman, Heng Jing Lu, will purchase approximately US$1 million worth of the Company's outstanding shares of common stock currently trading on the public market over a period of 12 months commencing today. New Dragon Asia Food Limited is currently the largest holder of New Dragon Asia Corp. common stock. The Board of Directors of New Dragon Asia Corp. has been informed of Mr. Lu's intent. The trading price of New Dragon's shares of common stock on the American Stock Exchange as of July 8, 2008 was $0.45.
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Heng Jing Lu, Chairman of New Dragon Asia Corp., commented, ``New Dragon Asia has consistently executed on our strategy, achieving solid financial and operational results, and I do not believe current share price levels are reflective of our performance. We have increased our revenues year-on-year for the last six years, and have maintained steady margins even in what has recently become a more difficult pricing environment. Demand for our products remains strong, both in China and abroad and we continue to aim for a higher margin sales mix.''

Lu concluded, ``I would like to take this opportunity to reaffirm both our commitment to our shareholders and our focus on increasing shareholder value.''



On Mar 10 09:10 PM Glen Bradford wrote:

> I was unaware the chairman was obligated to buy back stock. That's
> a plus, I do know that a lot of the options are exercisable significantly
> higher than the present price.
>
> My calendar says March 12th for Earnings Release
> Q4 2008 New Dragon Asia Corporation Earnings Release
>
> I put a lot of my thoughts on a discussion board and my website.
> The viral networking lowers my time to find great stock investment
> opportunities. Highly useful
>
> investorshub.advfn.com...;br/>
>
>

Nine Top China Plays

Glen,

I am very impressed by your research and sharing your knowledge.
I came upon your article as I am an investor in NWD.

I have a substantial stake in it and have averaged my cost of 100,000 shares to .29 .

I know it ought to rebound, was expecting earning release yesterday but did not happen.
also, the chairman has to buy back a Million dollars worth of shares by July 09, he has to date purchased only 100K worth.

Your thoughts please.

Regards
Anil

On Mar 09 05:46 PM Glen Bradford wrote:

> My understanding is that there are two big ETFs to invest in china,
> FXI and PGJ. PGJ is my favorite of the two because FXI is financially
> heavy.
>
> So, the question is why would i do my own diversification when I
> could have an ETF diversify for me? When you have a growing company
> selling at less than a price multiple of 2, the upside potential
> is more than 500%. Risk here is not knowing what you're doing. Risk
> is mitigated by doing your research on the companies and understanding
> what you're buying as well as not putting all your eggs in one basket.
> That said, all my eggs are shifting to the china basket. If china
> decides to eliminate foreign investment, then I'm toast. Otherwise,
> the upside on FXI or PGJ is probably 200%-300% in a couple years.
>
>
> Same goes for HAO and CAF, just saw them for the first time. Claymore
> updated their website layout since the last time I visited. If you're
> an individual investor and just want to make money and can't read
> a balance sheet or income statement, and realize that china's price/gdp
> ratio is great as well as their potential for future growth. I definately
> agree. What I am doing by specifically choosing these 9 companies
> is choosing companies that if i diversify my money into, I believe
> will outperform every single index that is created, even with a few
> of them going bankrupt (even though I try to choose ones that bankruptcy
> is highly unlikely. I would have said the same thing about CYXI a
> couple weeks ago. The picture changed, not sure why.
>
> Isn't buying an ETF speculating on a handful anyway? I don't believe
> in the Efficient Market Hypothesis, if that helps.
>
> On Mar 09 12:30 PM fran wrote: