Prepared to be issued at the opening bell to avoid any gaping, shares in the penny stock of the recently deregistered from the SEC China Premium Lifestyle Enterprise, Inc. (OTC: CPLY) saw a gap large enough for a bus to drive through it. Closing on Monday with little to no volume to drop the share price to under a penny, CPLY stock spurted out by gaping up 823%. With importing luxury Ferrari® and Maserati® for sale into Hong Kong and Mainland China as the focus of the Company, the $200 million in sales for 2012 the Company was on pace for should be cause for why it’s worth watching this one real close.
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CPLY Stock Quote
Market Cap: 2.94M
Last (10:43:34 AM): 0.125 ▲ 0.1185 (1,823.08%)
Dollar Volume: $34,311
Issued and Outstanding: 24,534,492
14-Day Rel Strength: 52.59%
14-Day Stochastic: 82.88%
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The gap open on the new Xtreme pick was a good “dog and pony show” for stat padding and attracting much needed attention. Looking back the the limited trading history of CPLY stock, it was already 0.15 just two trading sessions ago before they walked it down in small volume trades in preparation for today’s alerts on China Premium Lifestyle Enterprise.
While relying on Chinese accounting reports has always been a subject matter which has been scrutinized on all levels of finances, this time the numbers are just way too good to be true.
Deregistered form being required to file SEC compliant documentation as of the beginning of the year, China Premium Lifestyle Enterprise last reported net sales for the nine months ended September 30, 2012 increased by approximately $37.4 million to $174 million versus $136.6 million over the same period of 2011. Sales mainly consist of sales of new and used vehicles, and sales of parts and services for vehicle maintenance and repair.
The Company claimed that the increase was primarily attributable to increased sales of new vehicles and sales of parts and services for vehicle maintenance and repair.
New vehicles sales for the nine months increased 33%, $35 million, to $141 million compared to $106 million in the first nine months of 2011. A note worth paying attention to (if you believe the numbers are in USD as they are said to be and not in Chinese Yuan) is the increase in parts and services sales.
For the first nine months of 2012, parts and services sales increased 22.4% to $14.2 million versus $11.6 million for the same period of 2011. The increase in parts and service sales was due to an increase in the delivery of Ferrari® and Maserati® cars to customers during the last few years, for which our parts and services were used to carry out maintenance and repairs.
And they say China isn’t growing. I wonder what the U.S. numbers for a company like “The Collection” were for the same nine months ended periods to get a look at how we size up to China in this aspect.
There is a significant amount of debt China Premium Lifestyle Enterprise was carrying on their books as of their last SEC filing, $76,571,866. At the same time though, they had cash of $5,625,888, receivables due of $7,789,709 and net inventory worth $37,617,464.
Nevertheless, the Company and their financials means nothing since CPLY stock is on the long pump and worth every penny of attention it can be given on these early sessions. While dollar volume may not be even enough to purchase a Ferrari or Maserati seat cover today, expectations are for the PPS and dollar volume to increase over the next few weeks and well into May.
About CPLY Stock
China Premium Lifestyle Enterprise, Inc. is focused on the sale of new and used vehicles, the provision of vehicle maintenance and repair services, and the sale of vehicle parts in Hong Kong and the People’s Republic of China.
Click here to view the SEC filings for CPLY.
Click here to view the website for China Premium Lifestyle Enterprise.
Last 5 Trading Sessions:
Bottom Line: Because of how previous Xtreme picks have played out over the long-term, CPLY deserves its rightful place on the list of penny stocks to watch and consider taking a small position in during the course of this week. Known to be slow growers, there should be no reason that CPLY stock should not test $1 at some point as we get closer to summertime.
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