
is it good for long? boss, mind to share?...
 
Cross $2 will shoot higher...
http://finance.yahoo.com/echarts?s=G...08.SI;range=1y
Very fast. I guess slow to drop mainly applies to their ReCycko batteries as well. Very slow drop in mA.

the privatisation bandwagon – GP Industries |
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The latest privatisation on SGX could spark a revival of the thematic privatisation play once more. In view of that, we review a likely privatisation target – GP Industries. |
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The privatisation checklist may include i) major shareholder with large stake in target company; ii) strong net cash or low gearing position; iii) profitable companies with positive operating cash flows; iv) companies trading below book value; v) regular daily share buyback exercises; vi) no necessity to raise funds. |
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On our privatisation scorecard, GP Industries scores a perfect 6 out of 6: |
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i) Major shareholder Gold Peak Industries Holdings controls around 71% of GP Industries. |
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ii) As at 30 June 2010, GP Industries has a low net gearing of 0.2x. |
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iii) Apart from an S$6m loss in 2009, GP Industries has been able remain profitable since inception. The company is also able to generate strong operating cash flows in the range of S$20m – S$70m over the past five years. |
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iv) At its current price of S$0.58, GP Industries is trading below book value, at 0.77x P/BV valuation. |
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v) Since 24 August 2010, we have observed daily share buybacks till 28 September 2010. GP’s share price rose 30% from S$0.45 on 24 August to S$0.585 on 28 September. |
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vi) GP Industries has yet to raise capital from the capital markets since its listing in 1995. |
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In reference to the latest privatisation proposal on SGX, the offer was at 0.85x P/BV, and historical FY10 ROE for the target in play was -8.5%, according to Bloomberg. GP Industries has a historical ROE of 8.5%. A privatisation offer for GP Industries could at least be 0.85x P/BV, or S$0.64/share, a 10.3% premium to its existing share price. |
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We believe this is a stock to watch out for further development.
A steady stock...with good potential since its sister co GP Industries may be taken over |
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Jackpot2010 ( Date: 01-Oct-2010 17:26) Posted:
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Milestone $2.04! + 7c. Keep your GB Batt till $2.85, easily! Remember last yr div = 10c a share.
Besides electric cars batteries, there is electric bikes (VECTRIX) and electric bicycle which GP Batt already into this latter 2 businesses. The former (elect cars) needs high capital expenditure some delayed is to be expected.
Jackpot2010 ( Date: 28-Sep-2010 10:49) Posted:
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Rumours that Gold Peak HK taking GP Industries private (>80% owned). This may affect GP Batt too (owned 49% by GP industries). Just Rumours - NOT verified at all!
Jackpot2010 ( Date: 22-Sep-2010 14:43) Posted:
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$1.87 +11c Buying illiquid counters must hv patience. Watch GP Battery from now on!
The trading pattern look obvious that it was artificially jacked up by some quarters.
Small voume and the asking and bidding volume is very low.
Its like buying and selling is from the same pool of funds and manipulated by one sell up 1 or few lots and another one grab on other end, it kjust goes up this way........ at one point, asking and bidding can be 7 cents different and someone bought 7 cents higher then the last done price. whjere got logic.
Look at the total units done, so little.
Someone is sacrificing small fish to lure the big fish .
Judge 4 yourself- FY31/3/10. I feel GP Bat is a good co. - buy n hold.
http://www.sgx.com/wps/portal/marketplace/mp-en/listed_companies_info/company_announcements
EPS : 33.82c (P/E 5x)
NAV: S$2.81
Div : Interim 2c + Final 8c : total: 10c
Yield: abt 6%
ngdmnd ( Date: 13-Apr-2010 01:07) Posted:
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Prius Plug-In Conversion Breaks 34 MPH Software Barrier
Source: PICC
Class: PRESS RELEASE
SYNOPSIS: The software upgrade also will allow Prius drivers with PICC conversion kits to boost highway fuel efficiency to 170 mpg until 6.1 kWh pack depletes.
POWAY, CA – Plug In Conversions Corp. (PICC) has completed a breakthrough software upgrade to its plug-in conversion kit that for the first time will allow all-electric mode driving at speeds of up to 70 miles per hour in a converted Prius.
Previous Prius conversion kits have been limited by Toyota programming to a top speed of 34 mph in all-electric mode.
The software upgrade also will allow Prius drivers with PICC conversion kits to boost highway fuel efficiency to 170 miles per gallon (until the rechargeable battery is depleted), as recently measured by Argonne National Laboratory. Chicago-based Argonne reported even higher all-electric mileage in city driving tests of vehicles equipped with the software upgrade and PICC’s Nickel Metal Hydride battery conversion kit, now in its third generation.
“What we’re essentially offering is all-electric performance for about 25 miles at highway speeds,” said PICC founder and president Kim Adelman. “The car is no longer limited to 34 miles per hour, all-electric. This also allows a Prius to perform much like the Chevy Volt, but for a much lower cost.”
Adelman is displaying a Prius equipped with PICC’s third-generation NiMH conversion kit at the 2009 Advanced Automotive Battery and EC Capacitor Conference, through Friday at the Long Beach Convention Center.
The software upgrade is based upon patented technology developed by Chicago-based Ewert Energy Systems, which has granted PICC exclusive rights for its use in Prius conversion kits.
The software upgrade was designed with safety in mind. Some previous Prius plug-in conversion kits allowed motorists to go as fast as 52 miles per hour using “forced stealth” mode. But that can force the electric motor to run above its recommended speed range, said Ewert Energy Systems co-founder and vice president Andrew Ewert.
It also requires drivers to stop and restart the vehicle before its gas engine can engage – which can cause safety issues and erase emissions data recorded for smog checks.
“Our system allows the gas engine to turn on instantly, when needed, and allows us to initiate a controlled engine warm-up at any time to meet strict emissions standards, thus eliminating the traditional problem of a cold start,” Ewert said.
The software upgrade also allows PICC-converted cars to “operate in an enhanced hybrid mode at various speeds, with the vehicle heavily favoring the electric motor versus the gasoline engine in different modes,” Ewert said.
The upgraded PICC kit boosts mileage while reducing emissions by maximizing use of the car’s electric motor in all driving modes. The PICC system also can recoup more regenerative power from braking than a factory-installed Prius battery. When the PICC battery pack charge is depleted, the converted Prius reverts to its normal factory HEV operating mode.
As for performance, a Prius equipped with the upgraded PICC conversion kit “acts exactly like a normal Prius,” Adelman said. “You can’t tell the difference.”
PICC’s conversion kit adds about 220 pounds to the vehicle, but rear springs are upgraded to maintain the rear height at factory specifications.
The software upgrade, retailing for $2,000 to $2,500, will be made available for sale later this month to new and existing conversion kit customers. A free trial version of the software upgrade will later be introduced.
PICC’s conversion kit, which replaces Toyota’s 1.3-kilowatt hour NiMH battery pack with a 6.1-kWh pack, retails for $12,500. Conversions can be completed in about one day and the kit is covered by a three-year warranty. The batteries (which carry an expected 10-year lifetime) are manufactured by Gold Peak Industries North America, a subsidiary of GP Batteries International. Gold Peak purchased an equity stake in PICC late last year.
“The Prius was designed for Nickel Metal Hydride, so by using that same battery chemistry, we can incorporate all of Toyota’s well tested battery-safety systems,” Adelman said.
The conversion kit and software upgrade also were tested for emissions by Argonne National Laboratories, which determined that the PICC system meets the SULEV emissions standard, the industry’s strictest.
PICC’s existing conversion kit allows Prius owners to recharge their vehicles in six hours using a regular 120-volt outlet, or in as little as two hours with an optional high-capacity charger.
PICC will begin California Air Resources Board emissions-control certification testing later this month. The company also intends to complete crash testing of PICC-converted vehicles so that future owners can qualify for green-vehicle tax credits.
PICC also intends to develop conversion kits with lithium-ion batteries manufactured by Gold Peak. PICC has three existing dealers with seven additional sites planned nationwide by year’s end. The company plans to produce similar PHEV conversion kits and software for other hybrid electric vehicles.
ABOUT PLUG IN CONVERSIONS CORP: Plug-In Conversions Corporation, based in Poway, CA, was founded in June 2007 to help restore and protect our environment by converting as many Hybrid Electric Vehicles as possible to Plug-In Hybrid Electric Vehicles. In December 2008. Gold Peak Industries North America, Inc., a subsidiary of GP Batteries International, took a substantial minority equity position in PICC.
ABOUT EWERT ENERGY SYSTEMS: Privately held Ewert Energy Systems aims to create affordable and dependable alternative energy solutions and help the world move towards more renewable energy.
Extract from Annual Report YE 31 March 2009 (pg 15). If PHEV takes off, then 3xNAV is highly likely = $8+
Electric Vehicle Batteries
The Group has been working on several new electric
vehicle battery projects which have the potential to
translate to greater opportunities in the coming year.
One such project was the hybridization of the diesel
gantry cranes in a container terminal in Hong Kong
where fuel savings of more than 50% were reported. The
current volume supplied may have yet to be significant
but the project demonstrates the Group’s technology
know-how and capability. Immense potential remains
to be tapped.
Preparation for the joint-venture factory with Hunan
Corun New Energy Company Limited to produce
NiMH batteries for hybrid electric vehicles in China is
continuing.
The Group has entered into a new strategic partnership
with Plug-in Conversions Corporation, US to develop
and market a conversion kit to convert standard Toyota
Prius hybrids to operate as plug-in hybrid electric
vehicles (
efficiency while reducing emissions.
Sales of batteries for high-end electric bicycles remained
strong. The Group’s ability to customize batteries
according to the shape and style of the bicycles put it in
good stead against competitors. It is currently adapting
new battery chemistries for use in electric bicycles.
If the present trend continues, the Group expects
significant contributions from the e-mobility business.
Jackpot2010 ( Date: 12-Apr-2010 09:45) Posted:
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