blue wolf mongolia holdings
(MNGLU:NASDAQ CM)
blue wolf mongolia holdings (MNGLU) Snapshot
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Open
$10.10
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Previous Close
$10.10
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Day High
$10.10
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Day Low
$10.10
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52 Week High
06/21/12 - $10.94
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52 Week Low
11/28/12 - $10.01
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Market Cap
101.6M
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Average Volume 10 Days
0.0
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EPS TTM
$-0.10
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Shares Outstanding
10.1M
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EX-Date
--
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P/E TM
--
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Dividend
--
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Dividend Yield
--
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Related News
blue wolf mongolia holdings (MNGLU) Related Businessweek News
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Blue Wolf Mongolia Holdings Corp. does not have significant operations. It intends to effect a merger, capital share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses primarily in Mongolia. The company was founded in 2011 and is based in Ulaanbaatar, Mongolia.
blue wolf mongolia holdings (MNGLU) Key Developments
Blue Wolf Mongolia Holdings Corp. announced unaudited consolidated earnings results for the six months ended December 31, 2012. For the period, the company reported loss from operations of $203,776 against $237,734 a year ago. Interest income was $4,595 against $2,925 a year ago. Net income attributable to ordinary shares not subject to possible redemption was $3,587,986 against $131,691 a year ago. Basic and diluted net income per ordinary share, excluding shares subject to possible redemption was $1.10 against $0.04 a year ago. Net cash used in operating activities was $159,011 against $200,386 a year ago.
Blue Wolf Mongolia Holdings Corp. announced that the annual general meeting of shareholders of the company was held on April 15, 2013, approved an amendment to the company's Memorandum and Articles of Association extending the date by which Blue Wolf must consummate its initial business combination from April 20, 2013 to July 22, 2013 and removing the requirement that Blue Wolf acquire a target business that has a fair market value equal to at least 80% of the value of the funds held in the trust account established to hold the IPO proceeds.
Blue Wolf Mongolia Holdings Corp. is filing proxy solicitation materials to amend and restate the company’s memorandum and articles of association to extend the date by which the company must consummate its initial business combination from April 20, 2013 to July 22, 2013, amend and restate the Charter to remove the requirement that the company acquire a target business that has a fair market value equal to at least 80% of the value of the funds held in the Trust Account and amend the Investment Management Trust Agreement, by and between Blue Wolf and Continental Stock Transfer & Trust Company entered into at the time of is initial public offering governing the IPO funds held in the trust account to permit the withdrawal and distribution of an amount, not to exceed an aggregate of $69,854,955 from the Trust Account to those persons holding ordinary shares comprising part of the units sold in its IPO who wish to exercise their redemption rights in connection with the Extension Amendment and extend the date on which to liquidate the Trust Account in accordance with the IMTA Agreement to July 22, 2013.
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| MNGLU:US | $10.10 USD | 0.00 | |
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Industry Analysis
MNGLU
Industry Average
| Valuation | MNGLU | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | -- | Not Meaningful |
| Price/Book | 20.3x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | -- | Not Meaningful |
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