24/7 Wall St. » EFUT

Traders Chasing e-Future (EFUT)

247wallst — Tue, 09 Sep 2008 08:03:25 +0000

e-Future Information Technology (NASDAQ: EFUT) is indicated up about 15% after the Chinese supply chain management software and services company posted earnings last night. It posted revenues of $3.5 million and gross profit was $2 million, with non-GAAP income at $1.1 million. While this is small, it is more than a 100% gain in revenues. It also listed its deferred revenue as of June 30 as being $8.9 million and said it sees 2008 total revenues of $19 to $20 million with adjusted EBITDA of $5 to $6 million on a non-GAAP basis.

What is interesting here is not just the size. The market cap beforethis morning’s pop is only about $33 million. That number may actuallybe higher now as it noted that a recent convertible note privateplacement of $10 million had been converted by 90% into equity. Thereare also no research analysts that follow the stock. This is still atiny company but it is gapping up more than 12% to $12.40 in pre-market trading.

The other issue to watch is that its 52-week trading range is $9.35 to$34.00. If there has ever been a cult stock that traders chase aroundon news it is this type of stock. This is thin volume as we have onlyseen about 9,900 shares trade so far this morning and average daily volume isclose to 59,000 shares and its most recent short interest is about206,000 shares. It also has no stock options.

Let the games begin.

Jon C. Ogg
September 9, 2008

China Market Madness: More Shares Rally

247wallst — Wed, 03 Oct 2007 13:50:03 +0000

It must be something in the water. A broad range of China stocks are up again today. Most are moving on no news.

China Architectural (RCH) Up 58% to a new hight of $21. The 52-week low was $4.80.

China Shenghuo Pharmaceutical (KUN) Trading up 51% to a 52-week high of $13 against a $3.10 low over that period.

E-Future Information (EFUT) At least the rally is on some news (24/7 view). Up 51% to $31.35.

China Natural Resources (CHNR) Spiked up 44% to 52-week high of $48.88. A low of $6.50 for that period.

Rally caps in the East.

Douglas A. McIntyre

e-Future Shows Traders Still Chasing Chinese Stocks (EFUT)

247wallst — Wed, 03 Oct 2007 08:48:26 +0000

e-Future Information Technology Inc. (NASDAQ:EFUT) is seeing shares post huge gains this morning on active volume after announcing that Beijing Tourism Group ("BTG") has licensed e-Future ONE VPM (Visual Process Management) Solution to centralize purchasing and optimize business processes of its selected business segments. Financial terms are not disclosed, go figure.

BTG is a collection of the greatest number of famous brands in China and has established six major business segments: Hotels, Scenic Spots, Shopping, Dining and Cuisines, Automobile Services, and Travel & Tours. BTG is one of China’s largest tourism groups in hotels, travel services, automobiles, shopping, dining and cuisines, MICE, entertainment and scenic spots business.

Shares are up big as traders continue hunger for anything-China again. The stock EFUT is up 40% on now over 2 million shares at $26.70, and shares have traded in a $24.42 to $28.38 range today and $10.52 to $49.90 range over the last year. This is one of those hi-flyers from the end of 2006 that had seen shares in a steady staircase down all year until mid-September.

When you look at the scope of the e-Future clients already, you’ll wonder if this stock jump is more hype than Dollars (or Renminbi). e-Future claims it is now serving more than 800 clients, including over 500 retailers and over 200 distributors and Fortune 500 companies that do business in China: Procter & Gamble, Johnson & Johnson, Kimberly-Clark, the Chang’an Motors and Ford Motors joint venture, B&Q- Kingfisher China, GUCCI China, Aeon-JUSCO China, PARKSON China, SOGO China and Mickey’s Space stores (Disney franchises), Belle, Lianhua, Suning, Wuhan Zhongbai, Wushang Group, Bubugao, Yonghui and China Duty-Free Stores.

China may be the hottest thing going and the market may have exponential upside. But a massive jump like this is traders chasing stocks up. This has been seen over and over.

Jon C. Ogg
October 3, 2007