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LPH

Longwei Petroleum Investment Holding Limited purchases diesel, gasoline, fuel oil and kerosene from various suppliers. As an intermediary, the company seeks to earn profits by buying diesel, gasoline, fuel oil and kerosene at competitive prices and selling them to other wholesalers. In addition, Longwei also earns revenues by acting as a purchase agent where they charge an agency fee -- a fee which is charged to wholesalers who do not have a license to purchase directly from refineries. Further, the company owns a gas station located on its property where it generates additional profit and revenue. All of our operating facilities are located in Taiyuan City, China.

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thc67 24-Mar-2010 01:03 PM
Post Type: Public Public
Found this from Sumfolio.com: In a recent investor presentation, the oil distributor ... (#2339) In Response to original message: #2338 posted by on 24-Mar-2010 12:44 PM

Found this from Sumfolio.com:

 

 In a recent investor presentation, the oil distributor announced that it expects to earn $0.45 per share on revenues of $310.8 million in 2010 and $0.71 per share on $494.7 million in 2011. Given its current share price of just $2.39, this would yield a price-earnings ratio of around 3.3x, with growth rates of over 50% per year.

 

thc67

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