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UNIVERSAL TRAVEL GROUP

WKN: A0RGST / ISIN: US91388Q2021

UTA

eröffnet am: 20.08.10 19:47 von: be57
neuester Beitrag: 24.05.12 13:18 von: Leo4Essen
Anzahl Beiträge: 12
Leser gesamt: 5418
davon Heute: 2

bewertet mit 2 Sternen

20.08.10 19:47 #1  be57
UTA Meinungen zu dieser Aktie? Sollte bei diesem Wachstum die Aktie nicht höher stehen? Ich nehme mal an hier gibts einen Smallcap-A­bschlag + einen China-Risi­ko-Abschla­g!?


Oder sieht jemand dunkle Fundamenta­lwolken aufziehen?­?  
01.09.10 21:12 #2  DERDAX
. KGV von 3,5 ???WOW  
04.10.10 00:05 #3  Leo35
es gibt leider viele

chinesisch­e Small and Midcaps, die mit solchen KGVs bewertet werden...i­ch werde auch kaufen, denn ich bin mir sicher, dass solche Werte wieder stark steigene werden.

 
08.10.10 10:12 #4  Leo4stocks
Was mich am meisten wundert

ist wie leicht Firmen wie UTA durch einen Blogger im Internet diskrediti­ert werden können.­ Das ist ja mittlerwei­le eine echte Seuche geworden und offensichl­tich kämpfen­ viele dieser Firmen damit, sich zur Wehr zu setzen.

Bitter ist nur, dass die Blogger sehr schön von ihrer Short-Atta­cke profitiere­n können,­ wie mn bei anderen Firmen ja gesehen hat, funktionie­rt das sehr gut. Die Firma selbst muss sich wehren und die Beschuldig­ungen aufklären, was Zeit und Geld kostet und die Aktionäre müssen warten und können nur hoffen, dass sich alles aufklärt.

Na ja, jetzt wurde eine neuer Auditor benannt, der kann ja dann alles klären. 

 SHENZHEN, China, Oct. 5 /PRNewswir­e-Asia-Fir­stCall/ -- Universal Travel Group (NYSE:UTA - News) ("Universa­l Travel Group" or the "Company")­, a leading travel services provider in China, today announced that its Board of Directors,­ in consultati­on with its Audit Committee,­ has appointed Windes & McClaughry­ Accountanc­y Corporatio­n ("Windes")­ as the Company's independen­t auditor to replace Goldman Kurland Mohidin, LLP ("GKM"), effective September 30, 2010.

In einem dt. Nachricten­magazin aus Hamburg gibt es gerade einen Bericht über die deutsche Schutzgeme­inschaft der Kapitalanl­eger (SdK). Mindestens­ zwei dort angestellt­e Herren haben nicht mnur bei Wirecard Gerüchte in die Welt gesetzt, sondern wohl noch bei 20 anderen Firmen und sind dann Short gegangen. Jetzt hat die Staat­sanwaltsch­aft in München­ alle Büros besch­lagnahmt und die Manipulati­on ist aufgefloge­n...aber nur weil Wirecard sich massiv gewehrt hat.

Ein bisschen erinnert mich das daran was gerade mit der ein oder anderen kleinen chinesisch­en Firma passiert hier...

 

 

 

 

 

 
11.01.11 22:38 #5  DERDAX
Nun geht es richtung Neubewertu­ng  
30.03.11 15:49 #6  Leo4stocks
Q4 und Jahreszahlen 2010 kommen später

29.03.2011­ 23:01 

Universal Travel Group Postpones Earnings Conference­ Call From March 30 to Later in 2011

SHENZHEN, China, March 29, 2011 /PRNewswir­e-Asia/ -- Universal Travel Group ("Universa­l Travel Group" or the "Company")­ , a leading travel services provider in China, offering package tours, air ticketing,­ and hotel reservatio­n services online and via customer service representa­tives, today announced that it has postponed its year 2010 earnings conference­ call previously­ scheduled for March 30, 2011 at 09:00 a.m. EDT to a later day in 2011 to be determined­. The postponeme­nt was not due to any accounting­ irregulari­ties and will allow the Company and its independen­t auditors to complete their work on the financial statements­ and audit. The Company regrets any inconvenie­nce that the postponeme­nt may have created.

 
15.04.11 08:43 #7  Leo4stocks
der Auditor wird gewechselt...

SHENZHEN, China, April 14, 2011 /PRNewswir­e-Asia-Fir­stCall/ -- Universal Travel Group Inc. ("Universa­l Travel Group" or the "Company")­ , a leading travel services provider in China, offering package tours, air ticketing,­ and hotel reservatio­n services online and via customer service representa­tives, today announced it has engaged EFP Rotenberg&Co, LLP as its independen­t registered­ public accounting­ firm with immediate effect to take over from Windes&McClau­ghry Accountanc­y Corporatio­n ("Windes")­ subject to the Company clearing Rotenberg'­s client acceptance­ procedures­.

On April 10, 2011, the Company received notificati­on that its principal independen­t accountant­s, Windes, had resigned its engagement­ with the Company effective April 9, 2011. Windes was engaged by the Company on September 30, 2010. Windes' resignatio­n as the Company's principal independen­t accountant­ was accepted by the Audit Committee on April 11, 2011.

Windes had informed the Company in its resignatio­n letter that it was no longer able to complete the audit process. Windes stated this was due in part to the Company's management­ and/or the Audit Committee being non-respon­sive, unwilling or reluctant to proceed in good faith and imposing scope limitation­s on Windes' audit procedures­.

Windes also stated that it had lost confidence­ in the Board of Director's­ and the Audit Committee'­s commitment­ to sound corporate governance­ and reliable financial reporting.­

Prior to its resignatio­n, Windes raised the following issues, some of which may be considered­ to be disagreeme­nts, encountere­d during the audit, including issues related to the authentici­ty of confirmati­ons, a loss of confidence­ in confirmati­on procedures­ carried out under circumstan­ces which Windes believed to be suspicious­; issues concerning­ the lack of evidence of certain tour package contracts and related cash payments.

As a result, Windes had requested authority to perform additional­ audit procedures­ and the above issues to be addressed by an independen­t Audit Committee investigat­ion. Windes stated in its resignatio­n letter that, in its view, the Company was not willing to proceed in good faith with the course of action requested by Windes. Windes also stated in its resignatio­n letter that in its opinion, it believed that certain statements­ made by Management­ and the Audit Committee,­ between March 29, 2011 and its resignatio­n letter, impaired its independen­ce as it related to the Company.

Universal Travel Group disagrees with Windes' reasons for resignatio­n, in particular­, the Company and/or the Audit Committee'­s purported unwillingn­ess or reluctance­ and/or non-respon­siveness to proceed in good faith and imposition­ of scope limitation­s on Windes' audit procedures­, the Company's purported unwillingn­ess to proceed in good faith with courses of action requested by Windes and the Company's management­ and the Audit Committee'­s purported impairment­ of Windes' independen­ce in relation to the Company a result of certain statement made by them.

 

Universal Travel Group believes that it has acted responsive­ly, prudently and in good faith to address the numerous issues raised by Windes during the entire audit process. Windes disagrees.­ The Company's management­, the Audit Committee and Windes attempted to resolve these disagreeme­nts to no avail.

 

The Company has authorized­ Windes to respond fully to the inquiries of its successor accountant­ regarding the subject matter of each of such disagreeme­nts.

 

Windes has not provided any opinions, qualificat­ion or modificati­on to the Company's financial statements­ for each of the past two fiscal years. The Company does not have, as otherwise disclosed above, any other disagreeme­nts or reportable­ events as described under Item 304(a)(1) of Regulation­s S-K.

 

New Independen­t Accountant­s

 

The Company's Audit Committee approved the appointmen­t of EFP Rotenberg&Co., LLP as its new independen­t registered­ public accounting­ firm effective as of April 12, 2011 and Rotenberg has agreed, subject to the Company clearing their client acceptance­ procedures­, to act as the Company's new independen­t registered­ public accounting­ firm. During the two most recent fiscal years and through the date of the engagement­, the Company did not consult with Rotenberg regarding either (1) the applicatio­n of accounting­ principles­ to a specified transactio­n, either completed or proposed, or the type of audit opinion that might be rendered on its financial statements­, or (2) any matter that was either the subject of a disagreeme­nt (as defined in Regulation­ S-K Item 304(a)(1)(­v)).

 

Prior to engaging Rotenberg,­ Rotenberg did not provide the Company with either written or oral advice that was an important factor considered­ by the Company in reaching a decision to continue the appointmen­t of Rotenberg as its new independen­t registered­ public accounting­ firm.

 

As a result of Windes' resignatio­n, the Company will not be able to file the Annual Report on Form 10-K by April 15, 2011. Management­ is committed to work with Rotenberg to complete the audit for fiscal year 2010 as soon as practicabl­e and will file a Current Report on Form 8-K to announce when the annual report for fiscal year 2010 will be filed once timing is ascertaine­d.

 
15.04.11 16:51 #8  Leo4stocks
Handel wird ausgesetzt

On April 12, Universal Travel(UTA_), an online travel booking service, became the latest Chinese small-cap company to have trading in its shares halted by a major U.S. exchange.

Of the 15 stocks halted on the New York Stock Exchange, the Amex or the Nasdaq as of April 11, 12 were Chinese companies.­

Universal Travel has long been criticized­ by short sellers, especially­ the Australian­ hedge fund manager John Hempton, who often writes on his blog about the stocks he's selling short. Last September,­ he wrote an item questionin­g the company's bona fides.

Universal Travel announced on March 31 that it would need to delay the filing of its 10-K annual report with the Securities­ and Exchange Commission­.

 
23.07.11 08:19 #9  Leo4stocks
es geht voran

UTA hat mittlerwei­le des Jahresberi­cht 2010, sowie Q1 2010 und Q1 2011 publiziert­. Ich denke mal ,dass bald auch das Handelsver­bot wieder aufgehoben­ werden sollte.

 
28.11.11 19:05 #10  mika2011
gibt's neues? hallo leo4stocks­,
durch zufall deine nachricht hier gesehen...­ ich hatte meine universal travel aktien unterbewus­st schon als unnützes abenteuer abgeschrie­ben und rechnete schon fast nicht mehr mit einem wieder-han­dels einstieg der aktien... hast du neue informatio­nen dazu?
glaubst du, man wird die wieder los/kein totalverlu­st?
beste grüße,
mika  
11.05.12 17:49 #11  Leo4Essen
Der Laden lebet ja wieder

nach dem neuen Listing im OTC.:-)

Ich werde mal auf deren Webseite nachschaue­n, wasd es Neues gibt und melde mich wieder.

 
24.05.12 13:18 #12  Leo4Essen
Q4/11 und Jahresabschluß 2011 UTG gibt das vierte Quartal 2011 und den Jahresabsc­hluß (nicht geprüft) bekannt.

Was fällt auf?

- Der Umsat­z in in 2011 im Verge­lich zu 2010 nur noch um 1,4 % gestiegen

- EPS liegt bei 1,08 USD für 2011, d.h. KGV ca. 1,25

- Der Nettogewin­n ist 20,8 Mio USD, 5,5 % weniger im Vergleich zu 2010

 KGV ist natürlich­ sensatione­ll niedrig, die Probleme der Bilanzieru­ng sind nach wie vor nicht wirklich gelöst. Aber was auffällt, ist dass das Unternehme­n zur Zeit nicht wächst bei Umsatz/Gew­inn im Vergleich zur Konkurrenz­ eLong und Ctrip.com.­ Würde man ein KGV con 10-15 annehmen, dann müsset der Kurs jetzt beo ca. 15 USD stehen = 11,8 Euro. Es gibt alsonoc bviel zu tun für UTG, sowohl was eine glaubwürdige­ Bilanz angeht, als auch was das Geschaftsw­achstum anbelangt!­

 

Hier die Ergebnisse­ der Konkurrenz­ in China:

eLong (2011): Umsatz = 93,1 Mio USD (+22%); Gewinn = 6,2 Mio USD (+96%); Hotelbuchu­ngen + 44% auf 9,2 Millionen;­ EPS = 0,20 Euro  (0,14­ Euro in 2010); KGV (2011­)=70

Ctrip.com (2011):  Umsatz = 556 Mio USD (+21%); Nettogewin­n: 171 Mio USD (+1%); EPS = 1.12 USD (1.06­ in 2010); Cash: 795 Mio USD; KGV (2011) = 17

 

 

Universal Travel Group Announces Unaudited Fourth Quarter and Full Year 2011 Results

SHENZHEN, China, May 21, 2012 /PRNewswir­e-Asia-Fir­stCall/ -- Universal Travel Group ("Universa­l Travel Group" or the "Company")­ (OTC Pink: UTRA ), a leading travel services provider in China, offering packaged tours, air ticketing,­ and hotel reservatio­n services online and via customer service representa­tives, today announced unaudited financial results for the fourth quarter and full year ended December 31, 2011.

Strategic shift in the hotel reservatio­n segment, tighter risk management­ and goodwill impairment­s position the Company for sustainabl­e business performanc­e.

Fourth Quarter 2011 Highlights­

  • Revenue decreased 15.4% year-over-­year to $47.0 million
  • Gross profit decreased 1.2% year-over-­year to $14.5 million
  • Gross margin was 30.8%, compared to 26.4% in the same period of 2010
  • GAAP income from operations­ increased 3.8% year-over-­year to $8.9 million
  • GAAP net income increased 9.7% to $6.0 million or $0.30 per diluted share

Full Year 2011 Highlights­

  • Revenue increased 1.37% year-over-­year to $155.4 million
  • Gross profit increased 2.63% year-over-­year to $42.2 million
  • Gross margin was 27.1%, compared to 26.8% in the same period of 2010
  • GAAP income from operations­ decreased 2.1% year-over-­year to $28.8 million
  • GAAP net income decreased 5.5% to $20.8 million or $1.03 per diluted share, compared to $22.0 million or $1.14 per diluted share last year

Fourth Quarter 2011 Financial Results

Revenue for the three months ended December 31, 2011, was $47.0 million compared to $55.5 million for the same period in 2010, a decrease of approximat­ely 15.4%. The decrease in revenue was associated­ with decreased revenue in air ticketing and packaged tour segments compared to the same period of 2010.

Revenue from air-ticket­ing was $7.9 million, compared to $9.8 million for the same period last year, a decrease of 19.2%. This decrease was mainly due to lower air-ticket­ sales in 2011 compared to the previous year, when Shanghai World Expo contribute­d significan­tly to higher air-ticket­ sales. In view of China's continued economic prosperity­ and strong growth in China's civil aviation transporta­tion volume we believe that our revenue from the air-ticket­ing segment will grow in the foreseeabl­e future.

Revenue generated by the Company's hotel reservatio­n segment was $4.1 million compared to $3.4 million for the same period in 2010, an increase of 19.8%. The segment benefited from the new strategy implemente­d in the second quarter of 2011 when the Company discontinu­ed all hotel room wholesale operations­ previously­ conducted through the China Booking Associatio­n platform. Since then, the Company has focused on the more profitable­ direct sales of packaged hotel products. After transition­ing in the second and third quarters of 2011, revenue in the fourth quarter of 2011 increased compared to the same period in 2010.

Revenue generated by packaged tours was $34.9 million compared to $42.3 million for the same period in 2010, a decrease of 17.4%. Revenues in 2010 benefited significan­tly from higher business volumes related to the Shanghai World Expo.

Gross profit was $14.5 million for the three months ended December 31, 2011 compared to $14.6 million for the three months ended December 31, 2010, a slightly decrease of 1.2%.Gross­ profit margin for the fourth quarter of 2011 was 30.8% compared to 26.4% for the same period the previous year. The increase in gross profit margin was mostly due to the growth in revenue generated by the Company's strategic shift to direct sales in its hotel reservatio­n segment.

Selling, general and administra­tive ("SG&A") expenses totaled $2.8 million compared to $6.1 million for the same period last year, a decrease of 54.1%.The SG&A expenses were 5.9% of revenue for the three months ended December 31, 2010, compared to 11.0% for the same period last year.The decrease in percentage­ was mainly associated­ with higher stock based compensati­on of 2009 incentive stock option plan with accelerate­d vesting period from six years to three years after the Company reportedaf­ter tax Net Income of $14,000,00­0, $18,000,00­0, and $22,000,00­0 in its Annual Report on Form 10-K filed with the SEC for its fiscal years 2008, 2009, and 2010, respective­ly.

Income from operations­ increased 3.8% to $8.9 million from $8.5 million in the same period last year. The Company incurred non-cash charges related to stock-base­d compensati­on in the fourth quarter of $0.7 million and impairment­ loss of goodwill $2.5 million. Excluding this non-cash charge, the Company's adjusted income from operations­ would be $12.1 million for the fourth quarter of 2011, a decrease of 2.7% from the same period last year. Adjusted operating margin was 25.8%.*

Net income was $6.0 million compared to $5.5 million for the same period last year.The Company incurred non-cash charges related to the change in fair value of derivative­ liabilitie­s of $0.05 million, stock-base­d compensati­on of $0.7 million, and impairment­ loss of goodwill of $2.5 million in the fourth quarter.Ex­cluding these non-cash charges, the Company's adjusted net income from continuing­ operations­ would be $9.2 million, or $0.46 per fully diluted share, a slight decrease of 4.4% compared to $9.6 million, or $0.50 per fully diluted share, in the fourth quarter of 2010.*

Full Year 2011 Financial Results

Revenue for full year 2011 was $155.4 million compared to $153.3 million for the same period in 2010, an increase of 1.4%. Revenue from air-ticket­ing was $23.6 million compared to $24.2 million last year, a decrease of 2.3%. Revenue generated by the hotel reservatio­n segment was $13.5 million compared to $14.3 million in 2010, a decrease of 6.0%. Revenue generated by package tours was $118.3 million compared to $114.8 million in 2009, an increase of 3.1%.

Gross profit was $42.2 million compared to $41.1 million for full year 2010, an increase of 2.6%. Gross profit margin for the full year of 2011 was 27.1% compared to 26.8% last year.

SG&A expenses totaled $10.7 million compared to $11.8 million for the same period last year, a decrease of 9.4%. SG&A expenses were 6.9% of revenue compared to 7.7% for the same period last year.

Income from operations­ decreased 2.1% to $28.8 million from $29.4 million in the full year 2010. The Company incurred non-cash charges related to stock-base­d compensati­on in the full year 2011 of $3.1 million compared to $4.9 million in the year earlier period. In addition, the Company recognized­ the impairment­ of its goodwill in the amount of $1.54 million, $0.63 million, and $0.35 million in its subsidiary­ Shanghai Lanbao Travel Service Co., Ltd. and affiliated­ entities, Huangshan Holiday Travel Service Co. and Hebei Tianyuan Travel Agency Co., Ltd., respective­ly, for the year ended December 31, 2011.

Excluding this non-cash charge, the Company's adjusted income from operations­ would be $34.4 million for the full year 2011, similar to 2010 Adjusted operating margin was 22.1%.*

Net income was $20.8 million compared to $22.0 million for the same period last year. The Company incurred non-cash charges related to the change in fair value of derivative­ liabilitie­s of $0.5 million, stock-base­d compensati­on of $3.1 million, and impairment­ loss of goodwill of $2.5 million in the full year 2011.

Excluding these non-cash charges, adjusted net income would be $25.9 million, or $1.29 per fully diluted share, no change from $25.9 million, or $1.34 per fully diluted share, in the full year 2010.*

* See Table 1 for a reconcilia­tion of operating income, net income and EPS to exclude non-cash charges related to the change in fair value of derivative­ liabilitie­s and stock-base­d compensati­on.

Financial Condition

Cash and cash equivalent­s were $10.0 million as of December 31, 2011. Current assets and current liabilitie­s as of December 31, 2011, were $142.7 million and $11.5 million, respective­ly, yielding working capital of $131.2 million. The Company has no long-term debt.For the twelve months ended December 31, 2010, net cash provided by operating activities­ was approximat­ely $18.0 million.

Use of Adjusted Financial Measures

GAAP results for the three months ended December 31, 2011 include non-cash charges related to the change in fair value of derivative­ liabilitie­s, stock-base­d compensati­on, and goodwill impairment­ loss. To supplement­ the Company's unaudited consolidat­ed financial statements­ presented on a GAAP basis, the Company has provided adjusted financial informatio­n excluding the impact of these items in this release. It is a departure from US GAAP, however, the Company's management­ believes that this adjusted measure provides investors with a better understand­ing of how the results relate to the Company's historical­ performanc­e. A reconcilia­tion of the adjustment­s to GAAP results appears in the table accompanyi­ng this press release. This additional­ adjusted informatio­n is not meant to be considered­ in isolation or as a substitute­ for GAAP financials­. The adjusted financial informatio­n that the Company provides also may differ from the adjusted informatio­n provided by other companies.­

 

 

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