question Kirk

[DOGS THAT BARK]

Are these the same company the 1st is on Taiwan exchange the later OTC pk sheets I don't understand what CP means following China Steel on pink sheets? --the one from Taiwan sure looks good with PE and Dividend


CHINA STEEL (Taiwan:2002.TW) Delayed quote data by Reuters

Last Trade: 35.00
Trade Time: 1:30AM ET
Change: 0.70 (2.04%)
Prev Close: 34.30
Open: 34.50
Bid: 34.90
Ask: 35.00
1y Target Est: N/A

Day's Range: 34.40 - 35.00
52wk Range: 26.09 - 37.40
Volume: 58,619
Avg Vol (3m): N/A
Market Cap: N/A
P/E (ttm): 7.51
EPS (ttm): 4.66
Div & Yield: 3.00 (8.75%)

+++++++++++++++++++++++++++++++++++

CHINA STEEL CP (Other OTC:CISXF.PK) Delayed quote data by Reuters

Last Trade: 16.90
Trade Time: Jul 22
Change: 0.00 (0.00%)
Prev Close: 16.90
Open: N/A
Bid: N/A
Ask: N/A
1y Target Est: N/A

Day's Range: N/A - N/A
52wk Range: N/A - N/A
Volume: 0
Avg Vol (3m): N/A
Market Cap: N/A
P/E (ttm): N/A
EPS (ttm): N/A
Div & Yield: N/A (N/A)
+++++++++++++++++++++++++++++++++
2002.TW China Steel Corp Taiwan N/A Add
2002A.TW China Steel Corp Taiwan N/A Add
2002Ata.TW China Steel Corp Taiwan N/A Add
2002q.L China Steel Corp London N/A Add
2002ta.TW China Steel Corp Taiwan N/A Add
CHINq.BE China Steel Corp Berlin N/A Add
CHINq.DE China Steel Corp XETRA N/A Add
CHINq.F China Steel Corp Frankfurt N/A Add
CHINq.MU China Steel Corp Munich N/A Add
CISEY.PK China Steel Corp PNK N/A Add
CISXF.PK China Steel Corp PNK N/A Add

 

[selkirk]

DTB the answer is both no and yes. not exactly a straight answer..

anyways I believe the one in the US is a GDR (global deposit receipt). The company issued these to trade on foreign markets ie. US, Europe, ect.

1 GDR share = 20 common Taiwan share
but the stock you mentioned will match the return of the common share. would make sure there is no problem on volume, and that you could trade out.

also there are many steel companies that trade on a low PE, this mainly because steel prices are very high. it is not uncommon to see these stocks to look cheap at the top of the cycle and expensive at the bottom.

one steel stock I own is Ipsco it trades in cdn. $37.80 cdn. and the us $31.74, it has a PE below 7 and yield 1%. and if you take the last quarter and the next one you may have a PE of 5.

Algoma steel trades in Toronto also low PE, the only problem is when steel prices fall and they can quickly so does the profits.

Ipsco sell a lot of steel for use in pipelines so hoping they will hold up better but will sell if it starts falling off, held the stock for six months.

Taiwan government is looking at selling more of their stake in the company currently own 21%?, read a report and they called the stock a hold.

if you believe steel prices are going to stay strong then it is probably a good play (just check volume) however they all move in a group, just look at the performance of some steel stocks ie. ipsco.

note: sadly only have a small position in ipsco, dofasco, and algoma....I mean who knew. LOL

thanks
selkirk

 

[DOGS THAT BARK]

Thanks Kirk Just got back from parents house. Picked you up a little item