Leatt Corporation (QB) (LEAT)

How can a stock with such great earnings generate so little interest on the Street and at such a low PE?

Wow!!!


https://www.prnewswire.com/news-releases/leatt-corp-announces-record-breaking-year-reports-results-for-fourth-quarter-and-full-year-2020-301254330.html

No signs of slowing down.. looking great!

https://www.bicycleretailer.com/industry-news/2020/08/13/leatt-reports-record-revenue-growth-q2#.XzVWzGkpDqs

All we need is a little more volume!

LEAT poised to take off.. lets get some eyes and money on this!

https://www.marketwatch.com/press-release/10-q-leatt-corp-2020-08-13?mod=mw_quote_news

Wow! Great financials

Agreed they're dominating one products market and rising in several other products. Definitely wouldn't surprise me to see a buyout.

Yup. I expect a buy out from FOX or some other major brand at some point.

Leatt: Overlooked Microcap, Gaining Significant Brand Recognition, With Double-Digit Revenues Growth. http://seekingalpha.com/article/3528806-leatt-overlooked-microcap-gaining-significant-brand-recognition-with-double-digit-revenues-growth

I'm new here. But found her screening small caps. Everything looks great. Plan to hold for awhile.

Well, I have made a killing here. Is sure has taken a long time, but, yes, everything is legitimate and they have not diluted in years and years. I wish I had more to put into it years ago. I will still be a shareholder until someone tells me I can't be anymore...

Anyone following this? Awesome quarterlies, sleeper stock. Picked up some shares a few weeks ago and up 15%.

Great time to play.

1. Only 2.2M free trading shares
2. Sales are over $15M~$25M per year but the market capitalization of the company is only $8M which means that the shares of the company are painfully undervalued.
3. Stock has traded up to $3.51 recently before coming back down to the dollar range. Very little volume caused this movement.

Anyone still alive on this board who has any idea what all this means??


http://biz.yahoo.com/e/130725/leat8-k.html

Thanks

Or not...? lol, who knows...

Oh well.. looks like this thing is dead..

a 1:25 split but I don't see that reflected in the price. The price is same .028-.3. Did we all get screwed and devalued by 25x? Shouldn't the price be around .75?

LEAT one for 25 reverse split:

http://www.otcbb.com/asp/dailylist_detail.asp?d=09/28/2012&mkt_ctg=NON-OTCBB

http://biz.yahoo.com/e/120813/leat10-q.html

Leatt Shareholders Approve Reverse Split Of Common Stock - Quick Facts (12/23/2011) http://www.rttnews.com/1787436/leatt-shareholders-approve-reverse-split-of-common-stock-quick-facts.aspx

I'll start with some of my favorite quotes from the presentation...

"There are 5,000 motorcycle and apparel dealers in the USA and 1,800
of them now stock Leatt products."

"Leatt has a 74% market share and our sales volume has increased year on year."

"All international patents were issued in the last quarter of 2011 and we are serious about the protection of our patents from infringement."

"In its short time in the chest protector market, Leatt already has 2.9% market share which is more than many established players."

"The Company has no long-term debt"

And, last, but not least...
"Our long-term goal is to list our common stock on a U.S. trading market such as NASDAQ or the NYSE and prior to such listing, we will adopt the corporate governance requirements of such trading market"

Also, the numbers are solid and consistent...all in all, a very solid presentation!

Here is Leatt's Shareholder Presentation for their recent meeting - from the Allen & Caron website.

it is a GREAT presentation, and mentions alot of interesting things!!! Great news.

Thoughts???

http://www.allencaron.com/Profiles/Investor/Investor.asp?BzID=1938&from=du&ID=59630&myID=13632&L=I&Validate=3&I=

Price headed up. I'm looking for it to stabilize around .35-.38. Get in now if your new to the board. It's taken a couple years but the house appears to be in order.

Great news...Pushing new highs...Lets see this run continue.

Leatt-Brace GPX Pro Named a 2011 Product of the Year By Transworld Motocross Magazine

CAPE TOWN, South Africa, Dec. 8, 2011 /PRNewswire/ -- Leatt Corporation (OTC: LEAT.PK), a global marketer and distributor of the Leatt-Brace®, a neck brace system designed to help prevent potentially devastating injuries to the cervical spine (neck) for helmeted sports, today announced that its Leatt-Brace GPX Pro neck brace has been named one of the 2011 Products of the Year by Transworld Motocross magazine.

Transworld Motocross notes that "the Leatt-Brace GPX Pro was designed to be the most ventilated and most comfortable brace on the market and features a carbon fiber chassis, new padding and weighs only 600 grams, the lightest neck brace available." It was first introduced at the Anaheim I Supercross by riders Broc Tickle and Ryan Dungey.

"Being selected as a 'Product of the Year' by Transworld Motocross magazine is the equivalent of being recognized by your peers and we are extremely honored," said Leatt CEO Sean Macdonald. "We created the GPX Pro to be the pinnacle of all neck braces, fit for professional and amateur riders alike. Riders who wear this brace can compete with the confidence that they are protected by the best technology available."

Other attributes of the GPX Pro include:

Removable, washable, new open-celled lightweight Velcro-free padding
Collarbone cutout engineered to keep helmet and brace away from most fragile bones
Unique one piece rear support designed to break away in severe impact scenarios
Greatest range of motion of any Leatt-Brace
Alternative Load Path Technology™


More information on the LEATT products can be found at www.leatt.com.

http://ih.advfn.com/p.php?pid=nmona&article=50354728&symbol=LEAT

About Leatt Corporation

Leatt Corporation develops, distributes and markets personal protective equipment and ancillary products for all forms of sports, especially extreme motor sports. The Leatt-Brace® is an award-winning neck brace system considered the gold standard for neck protection for anyone wearing a crash helmet as a form of protection. It was designed for participants in extreme sports or riding motorcycles, bicycles, mountain bicycles, all-terrain vehicles, snowmobiles and other vehicles.

For more information, visit: www.leatt-corp.com | www.leatt-brace.com

Nine Month Period. Revenues for the nine months ended September 30, 2011 were $11.5 million, an increase of 17% compared to revenues of $9.8 million for the nine months ended September 30, 2010. Cost of revenues and gross profit for the nine months ended September 30, 2011, were $4.5 million and $7.0 million or 61% of sales respectively. For the same period in 2010, cost of revenues and gross profit were $3.8 million and $6.0 million or 61% of sales respectively. The increase in revenues is primarily the effect of increased worldwide selling activities as a result of new product releases, focused marketing campaigns and improved supply chain throughput.

For the three months ended September 30, 2011 gross revenues were $3.6 million, compared to $4.0 million for the same period in 2010. The decrease is primarily a result of a change in the Company's customer order and fulfillment cycle. Cost of revenues and gross profit for Q3 FY2011 were $1.5 million and $2.1 million, or 58% of sales, respectively. For the same period in 2010, cost of revenues and gross profit were $1.6 million and $2.45 million, or 61% of sales, respectively.

LEAT Reports Profit in Third Quarter FY2011

http://ih.advfn.com/p.php?pid=nmona&article=50001838

I think the price goes up from here. All of the financial statements are "hinting" at 4Q '11, and 1Q '12 at when the financial plan is implemented.

And whatever they are "distributing" seem to be still selling pretty well across their real, tangible global distribution network.

All of us who have been here know there are just no shares being sold off right now, and anyone who wants a large number of shares will be challenged to get them at this price.

I just have a feeling that buying pressure is coming, and the share price will correct to a value more reflective of the company assets.

The Patents and all the other will just be the gravy on the top.

patent news... http://finance.yahoo.com/news/US-Patent-for-Leatt-Neck-prnews-1803225437.html?x=0&.v=1

Financials...

http://finance.yahoo.com/news/Leatt-Corporation-Achieves-iw-4189635395.html?x=0

Not much, but at least in the black.

My guess is that there has to be some people out there who have bought alot of shares early on that know Dr. Leatt personally. It's been awhile and they aren't seeing a return. He's making millions, and they're starting to get mad. There has been some big trades of 100,000 or more over the last few years. If that's an individual or group, they could put his feet to the fire. No business owner with integrity lets his business lose a couple hundred grand while paying himself what he does, plus collect his commission on the sales to boot. If I owned 100,000 shares or more of this company I'd be looking for a way to boot the guy. Pay him his commission. Other than that, tell him to stay home.

Leatt Investors Taking Action

Heard today that the investors are taking Dr Leatt to task on the share issue. Dont know any other details.

Presume that you would need to be in Cape Town for this so if there is any info out there about this please post it so we can all contribute.

Latest release..

http://finance.yahoo.com/news/Leatt-Corporation-Announces-iw-133425624.html?x=0&.v=1

As mentioned by pungushe in a previos post, they have just released this (see link).

My disgust for the management attitude and treatment of shareholders notwithstanding,perhaps there is a glimmer of hope for this stock IF the STX brace takes off......and IF the good doctor does not decide to start paying himself gazillion dollar salaries..

I see there was some more than normal volume yesterday..who knows..

GTA

Leatt Patent Opposed by Alpinestars

https://register.epo.org/espacenet/application;jsessionid=A499965EA7D3732CD98D32504A4F9C89.RegisterPlus_prod_1?number=EP04816084&tab=main

This will be interesting cause if Astars is successful then the shares will really be a non starter.

Nexpert,

You're exactly right in regards to Leatt. I own about 25,000 shares, and I wish I owned zero. It'll never go anywhere because Leatt Corporation isn't worth anything, and doesn't own anything. Dr. Leatt is making a pile, and he doesn't really care if the stock moves. The only option we have is if someone who owned 500,000 shares or more starts a shareholder lawsuit for lack of fiduciary duty. Basically it's a dead horse, don't buy any of this junk stock.

OK, so if the patents are the only thing it does not own then what does it own that would make potential investors contemplate putting their money in?

Owning the right to distribute something is one thing but then having to fit the bill for all the expenses such as R+D etc is another. At the end of the day who would buy into a distribution company under those conditions?

"So when they do sell enough" is quite an interesting statement as if $18M in annual sales was not good enough to turn a profit you would think.

Also any "best interests" should be the shareholders and not anybody else, a share is a share, majority or minority!

These are all things that future investors look at and they dont buy in cause it is a good idea but because it is a good business decision.

Do the search for who owns the trademarks, patents, websites etc, you might be surprised, it is not just the patents, it is a 10min search.

As far as I understand, the only thing that Leatt Corp doesn't own are the Leatt Neck Brace patents, which are owned by Xceed Holdings.

Leatt Corp. are allowed to use the patents to design, manufacture and sell braces all around the world and does this through its wholly-owned subsidiaries, Two Eleven, Three Eleven and Leatt New Zealand Limited.

So they don't own the patents, (Dr Leatt does, I think, which entitles him to royalties from brace sales). This doesn't mean that they are a bad company to buy shares in. When they do sell enough braces to make a profit, that profit is Leatt Corps (and hence the shareholders).

Since Dr Leatt holds the majority of shares in Leatt Corp., I'd imagine that it's in his best interests to make the company worth something and not just live off the royalites. However, he's made a lot of money already from the royalties, so maybe he's happy with that. Who knows?

Reasons for No Share Sales.

If you read all the documents the company has provided over the years, you will notice Leatt Corp is a distribution company ONLY. It bares the cost for all R+D, Legal etc aswell. All the other companies are not part of what your shares buy into and these hold value.

Do a search on the trademark owners for Leatt, Leatt Brace, Alternative Load Path Technology etc

Do the same search for the patents and design registrations etc

The conclusion will be the same as why nobody will buy shares, as they have done this background search themselves. What are you actually buying shares in and why buy shares in a distribution company?

Leatt Corp is a distribution company ONLY and is only worth the sales they make and this is offset by all the running costs. Therefor it does not have to turn a profit and so it has not passed anything on to the shareholders.

If anybody has other insight feel free to share it!

I'm hoping the results show a profit for the year as well, but as you say, it probably won't change anything. No one is interested in the stock and the company seems to like it that way.

It will be interesting to see what comments they have about the future. I'm not predicting much info though, they usually copy and paste some rubbish from previous Q presentations.

So frustrating that a company like this, with the exposure and products they have, is sitting at 3 cents. No trading. No one cares.

All we can do is wait and hope that sometime in the next 10 years, they actually start caring about their shareholders, and not just about getting paid out royalties.

I have been away from this for a while, and have been considering buying back in. Have sent an email to to there PR agent and had no response, not helping at all.

Here, on Facebook (anyone heard of it) -

http://www.facebook.com/pages/Leatt-Brace/138011489450

Leatt has almost 14,000 "likes" on FB - and many of them swear they are still walking from wearing this amazing device.

Man, every time I think about this stock, I just get more pissed.

at this point, I have no idea why there is zero interest in this stock, and I wish someone could/would explain it to me.

I can't wait til earnings come out, and we blow away last year's numbers - all profit, and the stock will....

not trade.

Again.

I don't think he wants anyone to actually buy the stock.

Just amazing.

Have you folks seen the 2011 Leatt catalogue?

Link: http://www.leatt-brace.com/images/uploads/media/downloads/Catalogue_GPX_273-10_Preview_Version1.pdf

Found it while googling Leatt. Check out how many products they have now, including an STX brace which I haven't seen before.

I just can't understand why investing in this company would be a bad idea. It seems that they are doing a great job developing their range of products. Don't you think this HAS to result in increased sales and increased profits?

Last traded at 3 cents. As of Sept '10, their shareholder equity was 9 million, which is about 7 cents per share. It confuses the hell out of the me that their share price isn't higher than it is. I guess I just don't understand the stock market very well.

Sigh...

Are either of you in contact wit the IR man? Does he have anything to say?

I agree with all of this.
I have said this all along that this company is in a rare position where they do not have to care about their stock price - so they almost seem to separate themselves from the stock.

I am sure it all goes back to the SEC nonsense, and they are gunshy about saying anything.

The Leatt Brand is strong, though - really strong.

I keep reading how people Got "their Leatt" when they are talking about any neck brace - like if you order a soda at a restaurant you say "I'll have a coke", and no matter what they have, they bring you a soda.

And the new Leatts are really high quality.

Some good news is it is still a replacement item - they break and wear out after alot of use, but when they break (and save a neck), they make the riders feel like they are excited to replace them, and maybe even upgrade.

I'm still here dude. And still waiting with my fingers crossed.

They've got a lot of new products and you're right, the new website is really good. They have been loosing about $250K each quarter, but hopefully things will pick up.

I think the main problem is that NO ONE is interested in the stock. Leat needs to get people/institutions interested in buying their stock. I don't see that happening any time soon, unfortunately. They just don't seem interested in their stock price.

Us shareholders sit here with almost nothing, but Dr Leatt is making a fortune off all the sold braces...