Daqo (DQ)

[pg6solar 85]

Might be a good chance to load up if they take it down.

 

Load up (at limit price) is difficult to near impossible on this stock without effecting PPS bid/ask greatly. Any market order will effect fill prices by at least $1. This is normally for this stock, but today me be different. 

[explo 617]

Load up (at limit price) is difficult to near impossible on this stock without effecting PPS bid/ask greatly. Any market order will effect fill prices by at least $1. This is normally for this stock, but today me be different. 

 

Yes I hate these high spread illiquid stocks. You have to use tricks to trade them efficiently, wait for it (ask to come down) ..., wait for it..., chock MM with a bid high above ask.

[pg6solar 85]

Yes I hate these high spread illiquid stocks. You have to use tricks to trade them efficiently, wait for it (ask to come down) ..., wait for it..., chock MM with a bid high above ask.

Yes exactly like that.

[odyd 1,293]

DQ did move good today and CSUN did really well as well. PG did you get what you wanted form it or still holding?

[pg6solar 85]

PG did you get what you wanted form it or still holding?

 

I had my trading hat off (regretfully) for over a year until last December. Then I did a lot of re-allocation the past three months. I'm happy with current positioning and will hold all three. Patiently awaiting JKS' ER on the 2nd since they did not release any PRs and its my (after re-balancing) largest position now. As far as DQ, I have no idea if last March's high will be reached again, but if it will get close enough then it should outperform CSIQ and JKS based on my entry point into DQ and price points that I had to give up CSIQ and JKS at to get into DQ. Previously on DQ (its practically not discussed) Explo provided some insides into their GMs hence I'm content (even if a bit uncomfortably since its more like a gamble for me). So I have two which I'm very comfortable with and one which is a gamble a bit.   

[odyd 1,293]

Daqo will report on April 10th

[polarsparkie 107]

Results
 
http://www.prnewswire.com/news-releases/daqo-new-energy-announces-unaudited-fourth-quarter-and-fiscal-year-2014-results-300063989.html
 
Fourth Quarter 2014 Financial and Operating Highlights

• Record-high quarterly polysilicon production volume of 1,791 MT in Q4 2014, up from 1,748 MT in Q3 2014
• Polysilicon shipments of 1,537 MT in Q4 2014, compared to 1,598 MT in Q3 2014
• Polysilicon production cost of $13.23/kg in Q4 2014, compared to $13.05/kg in Q3 2014; cash cost of $10.88/kg in Q4 2014, compared to $10.72/kg in Q3 2014
• Wafer shipments of 17.8 million pieces in Q4 2014, compared to 18.5 million pieces in Q3 2014
• Non-GAAP gross margin(1) of 32.1% in Q4 2014, up from 31.7% in Q3 2014
• EBITDA(non-GAAP)(1)of $14.7 million in Q4 2014, compared to $16.4 million in Q3 2014
• Net income attributable to Daqo shareholders of $3.6 million in Q4 2014, compared to $5.9 million in Q3 2014

[explo 617]

Looks like they are on track with the capacity expansion.

[explo 617]

20-F is out: http://finance.yahoo.com/news/daqo-energy-filed-2014-annual-102500901.html

 

The only green CN11 today.

[explo 617]

CFO left: http://finance.yahoo.com/news/daqo-energy-announces-departure-chief-100000399.html

[explo 617]

1Q15 ER on May 8: http://finance.yahoo.com/news/daqo-energy-corp-announce-unaudited-050000423.html

[Jetmoney 23]

http://finance.yahoo.com/news/daqo-energy-announces-unaudited-first-093000019.html

[BillybobTX 2]

one and a half hours into it and DQ sell 5,000 shares in volume? with 223M outstanding???

[explo 617]

DQ got some debt financing: http://finance.yahoo.com/news/daqo-energy-obtains-rmb825-million-110000036.html

[pg6solar 85]

Explo, what's your take on today's announcement of proposed dual listing? It also alleviates, at least for time being, any concerns of them going private.  

[explo 617]

Explo, what's your take on today's announcement of proposed dual listing? It also alleviates, at least for time being, any concerns of them going private.  

Not sure what to make of it. Sounds like they want to get a second opinion on valuation. Only 1% float..?

[pg6solar 85]

Explo, based on Trina's comment of 9cents/W Poly, does it make sense to hold DQ now even at $15? DQ's 2015 (and even 2016) estimates were slashed very significantly.

[explo 617]

I did not listen to call, but $0.09 is higher than the price DQ reported in Q2 ($16 => $0.08). DQ expects price to stabilize around $17, which gives them 30% GM.

 

[slowtrader 1]

Closed my position today, as poly-price continues to fall.

[odyd 1,293]

DQ reports for those who care

http://finance.yahoo.com/news/daqo-energy-announces-unaudited-third-100000689.html

[slowtrader 1]

DQ must be so much out of the focus, that they can even rise after earnings, without being sold down again immediately!

 

[SolarRoof 63]

Wouldn't that make it in focus since all others have done the same?  (Actually, as I type this DQ is up 16%.)

[explo 617]

Actually very impressive ER. Beating own cost targets. But poly price keep crashing and we are half-way through Q4 and several months past closing of import loophole. Even in China the price is crashing as much as outside China, despite high import tariff (without loophole now) in US poly.

http://pvinsights.com/index.php

DQ is expanding wafer capacity a bit, but not enough in my view.

I think I'll follow them more closely now and might take them in at opportunity.