China Ming Yang Wind Power Group Limited was down -2.20% at closing bell and its last trade priced shares at $2.22. With its recent share price change, the stock’s market value has reached roughly $292.69 Million. Its most recent quarter balance sheet showed the company is standing at a 1.10 current ratio and possess 0.24 as debt to equity ratio. The company has a Profit Margin (ttm) of positive 4.00% and has 14.10% gross margins. The operating profit margin is 4.30%. The stock’s performance in 1 month is 13.27% and its volatility for the same period is 4.19%. China Ming Yang Wind Power Group Limited (“Ming Yang” or the “Company”) (MY), a leading wind energy solution provider in China, on November 1, 2015 announced that its Board of Directors (the “Board”) has received a preliminary non-binding proposal letter, dated November 2, 2015, from its Chairman and Chief Executive Officer, Mr. Chuanwei Zhang (“Mr. Zhang”), to acquire all of the outstanding ordinary shares of the Company not already beneficially owned by Mr. Zhang in a “going-private” transaction (the “Transaction”) for US$ 2.51 per American Depository Share or ordinary share in cash. Mr. Zhang currently beneficially owns approximately 33% of the issued and outstanding ordinary shares of the Company. According to the proposal letter, Mr. Zhang intends to finance the Transaction with a combination of debt and equity capital. A portion of the equity financing would be provided from Mr. Zhang’s existing shareholdings in the Company and Mr. Zhang expects the remainder of the financing to be provided by third party debt and equity financing sources and certain shareholders of the Company. A copy of the proposal letter is attached as Annex A to this press release.
The Company’s Board of Directors will form a special committee which will consist of all independent directors (the “Special Committee”) to evaluate the Transaction. The Special Committee, once formed, is expected to retain advisors, including an independent financial advisor and legal counsel, to assist it in its work. There can be no assurance that any definitive offer will be made, that any agreement will be executed or that this or any other transaction will be approved or consummated. The Company does not undertake any obligation to provide any updates with respect to this or any other transaction, except as required under applicable law.
Spirit Airlines, Inc. (NASDAQ:SAVE) with its $2.52 Billion market valuation most recently traded at $37.12 and its shares are dropping by -50.89% since the turn of 2015. The company is expected to post 22.50% sales growth past five years. Current Price to Sales Ratio is 1.33. The company had an (ttm) gross margin of 40.10% and operating margin remained 20.90% in the same period. It earned a profit margin of positive 13.20% per cent in the last 12 months. Earnings are expected to come in at a growth of 28.10% this year. The company’s shares are fall -38.09% in three months. Spirit Airlines, Inc. (SAVE) on October 27, 2015 reported third quarter 2015 financial results.
Adjusted net income for the third quarter 2015 increased 31.6 percent to $97.3 million ($1.35 per diluted share) compared to the third quarter 20141. GAAP net income for the third quarter 2015 increased 44.9 percent year over year to $97.1 million ($1.35 per diluted share).
Adjusted pre-tax margin for the third quarter 2015 increased 560 basis points to 26.9 percent. On a GAAP basis, pre-tax margin for the third quarter 2015 increased 760 basis points to 26.9 percent.
Spirit ended the third quarter 2015 with unrestricted cash and cash equivalents of $748.9 million.
Spirit’s return on invested capital (before taxes and excluding special items) for the twelve months ended September 30, 2015 was 28.8 percent2.
Total revenue per passenger flight segment (“PFS”) for the third quarter 2015 decreased 13.1 percent year over year to $120.35, primarily driven by a 20.8 percent decrease in ticket revenue per PFS. The decline in ticket revenue per PFS was driven by lower fare levels as a result of increased competitive pressures as well as a higher percentage of Spirit’s markets being under development compared to the same period last year. Non-ticket revenue remained stable, declining only 1.2 percent year over year on a per flight segment basis to $53.39. The decrease in non-ticket revenue was primarily attributable to the outsourcing of the Spirit’s onboard catering to a third-party provider under a revenue share agreement as well as slightly lower bag revenue per flight segment. These declines were partially offset by higher per segment convenience charges compared to the same period last year.
SK Telecom Co., Ltd. (NYSE:SKM) price at writing is $23.56 with a fall of -0.21%. The company is gaining traction as it has YTD performance of -12.77% and a weekly performance of -3.95%. Its most recent quarter balance sheet showed the company is standing at a 1.00 current ratio and possess 0.49 as debt to equity ratio. There is 22.30% earnings growth this year, and a 4.30% annual growth rate over the last 5 years. The price-to-sales ratio is 1.13. This company’s revenues have grown nearly 3.50% annually over the last 5 years. It has a debt/equity ratio of 0.49. Analysts say earnings may grow 13.30% next year and 5.30% the next five years.
SK Telecom Co., Ltd. provides wireless telecommunications services in Korea. The company offers cellular voice services, including wireless voice transmission and related value-added services; wireless global roaming services; and interconnection services to connect its networks to fixed-line and other wireless networks. The company also provides wireless data communication services that allow subscribers to send and receive text and multimedia messages; and wireless Internet access services. In addition, it offers broadband Internet access and other Internet-related services, including video-on-demand and Internet protocol TV services; and and fixed-line telephone services, such as local, and domestic and international long-distance, and voice over Internet protocol services to residential and commercial subscribers. Further, the company provides international telecommunications services, such as direct-dial; pre and post paid card calling services; bundled services for corporate customers; voice services using Internet protocol; Web-to-phone services; and data services. Additionally, it operates NATE-ON, an instant messaging service for NATE users; 11th Street, an online shopping mall; T Store, an online open marketplace for mobile applications; Syrup, a mobile wallet service; T-Map navigation service; and Hoppin, a network-based personalized media platform, as well as provides NATE.com portal services that offers various content and services. The company also offers customized business solutions and applications to corporate customers; smart beams, smart speakers, and other audio products; and social networking services. As of December 31, 2014, it had 28.6 million wireless subscribers. The company was formerly known as Korea Mobile Telecommunications Co., Ltd. and changed its name to SK Telecom Co., Ltd. in March 1997. SK Telecom Co., Ltd. was founded in 1984 and is headquartered in Seoul, South Korea.