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Hello,

The EPS number i come up with is $1.53: [remaining $20 million net income guidance divided by 16.6 million shares] + first quarter EPS of $0.33.

I believe your calcualtion is for revenue per share.

With a looming offering these numbers may change.

 Maj

Almost as we spoke, SCEI released a press release, expressing their intention to raise capital up to 35mio$. No details are released. Proceedings are for capacity extension.

On the one hand great news (business is doing extremely well), on the other hand we should wait and see if this capital raise will be accretive for existing shareholders.

Xantu

Based on a share account of 16.5 mio, EPS would be 1.5 and P/E of 5.4 at todays levels. Given the growth path of this company, this is indeed ridiculously low.

I guess that in a few weeks or months the first analyst coverages will appear, which will have a nice effect on the share price.

 One concern: china hybrids love dilution, we don't.

Xantu

hello

 when looking at the non-gap earnings they will make more than 6 dollar  this year

that means a PE of less than 1.5

 nearly not to believe

do I see this correct??

I am taking a closer look at it again, now after the pull back. Think it is worth about $1.50.  Would like to know if they will reverse split..

Maj

Hi Maj,

Maybe you are considering it right now, but I was wondering why SLCX isn't qualified as a GeoSpecial or GeoBargain. EPS should more than double in 2010.

Greetz.

Xantu

" Dear Gentlemen, i read your article about CIWT.OB nd i would like your insight about some other chinese stocks like SCLX.OB (Sino Clean Energy from the clean coal sector)"

GeoTeam Response:

SCLX is involved in the alternative fuel market through a “coal water mixture” product serving as a fuel substitute for oil, gas or coal. Financially it appears SCRX is on the right track.  The company received its first contract in 2007 and started production in the third quarter of 2007.   Although still a small firm, SCLX has been reporting revenues since the fourth quarter of 2007, while achieving profitability.  Tax Adjusted Margins are also impressive at 20% as of the second quarter 2008. From a valuation perspective the stock may appeal to some investors, as it is selling at a Tax Adjusted P/E of only 11.  A scenario of applying a P/E of 25 on trailing EPS would imply a $.64 stock.

Issues that concern the GeoTeam:

1.       The GeoTeam could not find any press releases in 2008 making it hard to gain insight into the company’s progress.

2.       Although the company has achieved profitability the amount of outstanding shares may make meaningful EPS results difficult to achieve.  They have been reporting about $.01 EPS in recent quarters.  Investors may want to see more substantial EPS numbers before giving SCLX serious consideration.

3.       The company has 90 Million shares out standing, which is significantly higher than the GeoTeam preference of fewer than 50 million, especially relative to the size of the company.

4.       More details are needed on the terms of their 2007 contract and the outlook for new contracts.

5.       The GeoTeam does not generally invest in penny stocks.

6.       Unable to easily locate a United States contact.

Investors who are interested in SCRX may want to read a recent investor presentation via an 8k filing on August 20 2008.

This discussion is not intended to be investment advice.  It is provided to aid investors in making their own investment decisions.