Why No Love For China Internet Cafe Holdings Group (CICC)?

CICC Stock, China Internet Cafe Holdings Group Inc., CICC Stock QuoteWhat do you do with your company when its considered to be the largest internet café chain, 62 internet cafés, in Shenzhen, Guangdong, China? When your cash position has grown from $3,836,824 at the start of 2011 to $37,380,471 as of September 30, 2013 and you’re about to report your 5th consecutive year of positive net income? Well, since you already have a 24 hour a day, 7 days a week business that is well established with over 500 daily visitors to each of your locations daily, you do what the penny stock of China Internet Cafe Holdings Group, Inc. (CICC) has done; you start selling nutriceutical products.

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CICC Stock Quote

Market Cap: 15.41M
Last: 0.60
52Wk High: 0.72
52Wk Low: 0.21
Authorized: 100,000,000
Issued and Outstanding: 25,689,524
Dishan Guo, CEO: 12,008,750

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China Internet Cafe Holdings Group is an absolute beast of a company on paper which would amaze any investor if CICC was trading on any exchange other than the OTC. The Company obtained its license to operate internet cafés in 2005 and has since taken that license to a level which is due to break $10,000,000 of net income for the year ended December 31, 2013.

Western culture looks at the internet café market simply as a location to access the internet which, by today’s standards, is considered to be a dinosaur market. However, China based internet cafés are full service entertainment centers which allows for the patrons who frequent them to relax outside work and home and the best access for online games and audio visual entertainment.

As of the end of 2012, it was reported that China had 564 million internet users, 126 million of which surf the internet via internet cafes. China Internet Cafe Holdings Group capitalized on this market by selling internet café memberships for prepaid internet café cards to their customers which make up a large part of the multi-billion dollar online gaming industry for games such as World of Warcraft (WOW) and Call to Arms.

To see what a huge grasp on the market CICC has, just look at their revenues. For the last 3 years ended December 31, 2012, 2011 and 2010, revenues have come in at $29,575,042, $32,597,144 and $20,460,459, respectively. Net income before taxes during those three years was $6,633,826, $12,294,418 and $5,746,583, respectively, which translated to EPS of $0.21, $0.44 and $0.29, respectively.

However, CICC stock gets no love whatsoever. The YTD average volume is just 718 with the 200 Day average volume not being much better: 852. Perhaps now that the group has issued their follow up announcement about how nutriceutical products for trial sale provided by Beijing Eastern Union Biopharmaceuticals, Ltd. are looking like a sure winner, CICC stock may become more actively traded – especially since this the company wasn’t issuing PR until January 31, 2014.

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About CICC Stock

China Internet Cafe Holdings Group, Inc. operates a chain of 62 Internet Cafe’s in Guangdong, People’s Republic of China.

Click here to view the SEC filings for CICC.
Click here to view the website for China Internet Cafe Holdings Group.

Last 5 Trading Sessions:

Date Open High Low Last Change % Change Volume
02/27/14 0.6000 0.6000 0.6000 0.6000 +0.0500 +9.09% 1,000
02/26/14 0.5500 0.5500 0.5500 0.5500 unch unch 14,000
02/25/14 0.3000 0.5500 0.3000 0.5500 +0.2500 +83.33% 2,700
02/14/14 0.3000 0.3000 0.3000 0.3000 unch unch 500
02/10/14 0.4500 0.4500 0.3000 0.3000 -0.2100 -41.18% 10,400


Bottom Line:

The raw data behind CICC stock is just to good for it to not be a higher priced penny stock. You have the low float, the PR, and undoubtedly the best component, positive net income, yet CICC, just like CSFD, gets no love. What a shame.

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