CPVNF Is Poised For A Potential Breakout After Recent Pullback
This stock could prove to be a first-class ticket to mega-profits.
Capital Venture Europe Plc (OTCPINK: CPVNF)
CPVNF has just updated shareholders on its flagship resort project Pulau Abang Besar island near Bintan in Indonesia but I have my eyes on it for other, more pressing reasons. (The project is a $900 million enterprise by the way).
The real reason I think you should take a look at CPVNF is the current position of the play relative to the highs it’s charted in the last 12 months. CPVNF has pulled back from a high of 1.50 and is currently trading at 1.05.
In the last session the pullback was noticeable enough to grab my attention and I believe that it is perfectly positioned for a bounce. The news is a catalyst, of course; that plus the current opportunity to capitalize on the company’s upside at a sizable discount will be the telling factors in the next session.
CPVNF is one of those under the radar plays that crop up once in a while so I am very excited about what it can potentially bring.
Start some research and take some action before it makes another lunge towards 1.50.
Here’s a link to the chart: http://www.barchart.com/interactive_charts/stocks/CPVNF
About
CPVNF Capital Venture Europe PLC is focused on the acquisitions of intrinsically valued, fast growing companies with transformative businesses, technologies, and unique strategic assets. Capital Venture Europe PLC is targeting such globally branded companies and assets throughout the emerging markets in Asia and progressive markets in Europe and United States.
CPVNF is headquartered in London, United Kingdom.
Indonesia Gets $8.5 Billion A Year From Tourism And This Presents Huge Opportunity For CPVNF
The tourism sector became the fifth largest contributor to national revenues by generating US$8.5 billion last year.
Citing Central Statistics Agency (BPS) data, Deputy Minister of Tourism and Creative Economy Sapta Nirwandar said the tourism sector contributed US$9 million to national revenues in 2011, increasing from US$7.6 million in 2010.
"In terms of contribution to national revenues, tourism ranked right after oil and gas, coal, palm oil and manufactured rubber," he noted.
The tourism sector contributed Rp296.97 trillion to the gross domestic product (GDP) of Indonesia, constituting 4 percent of the national GDP.
Nirwandar noted that the sector employed 8.53 million people, accounting for 7.72 percent of the national workforce.
"Total wages in the sector amounted to Rp96.57 trillion, up by Rp11.77 trillion from 2010," he pointed out.
"Tourism's contribution to indirect tax revenues in 2011 was Rp10.72 trillion, accounting for 3.85 percent of total tax revenues," Nirwandar said, adding that revenues came from restaurant tax (2.28 percent), hotel (0.35 percent) and recreation and amusement (0.28 percent).
News Development
Capital Venture Europe PLC Company Update
CPVNF recently provided an update on the Company's primary assets.
The company's flagship asset remains the Islandia project for which it has exclusive rights to negotiate the acquisition of the project. The Islandia is a resort to be constructed on the Pulau Abang Besar island near Bintan in Indonesia. The Company is in collaboration to develop the resort with Huafa Assets, a Malaysian property developer and South Decoration Engineering, a Chinese engineering firm. The $900 million project hopes to develop the island pending a reorganization to feature hotels, resorts, short-term residences and a nature-based theme park of over 1200 hectares. The Company hopes that this project will break ground in 2017. More information can be found on www.theislandia.com.
The company also owns 26% of Heulab Pte. Ltd. Heulab Pte. Ltd. is a multi-award-winning technology company specializing in touch-based computing, E-learning and other enterprise collaboration solutions. The company looks forward to Heulab continuing the development of its technology into a long-term asset to enhance the company's portfolio.
Capital Venture Europe PLC is a diversified holding company with holdings in world-class assets that span the globe. The Company maintains a focus on expanding its portfolio assets around the globe specifically in the real estate and technology sectors that synergistically enhance the value of our intrinsic valued portfolio to maximize returns for our clients and investors.
To learn more about CPVNF please visit their website: http://www.cveuropeinc.com/
CPVNF could break north in a flash so make your move soon.
Jeff "The Mirkinator" Mirkin
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