Last €1.82 EUR
Change Today +0.003 / 0.17%
Volume 3.8K
ML2 On Other Exchanges
Symbol
Exchange
Dusseldorf
As of 3:35 PM 01/30/15 All times are local (Market data is delayed by at least 15 minutes).

ming le sports ag (ML2) Snapshot

Open
€2.05
Previous Close
€1.82
Day High
€2.05
Day Low
€1.82
52 Week High
03/10/14 - €5.58
52 Week Low
03/21/14 - €1.50
Market Cap
28.1M
Average Volume 10 Days
2.8K
EPS TTM
€3.95
Shares Outstanding
15.4M
EX-Date
--
P/E TM
0.5x
Dividend
--
Dividend Yield
--
Current Stock Chart for MING LE SPORTS AG (ML2)

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ming le sports ag (ML2) Details

Ming Le Sports AG, a sportswear company, designs, develops, manufactures, and sells footwear, apparel, accessories, and equipment for men and women in the People’s Republic of China. The company’s footwear products include running, basketball, tennis, skateboard, canvas, casual, and outdoor shoes; and apparel products comprise basketball, tennis, and other leisure sportswear apparel. It also offers sports accessories and equipment. The company sells its products under the Ming Le brand through a network of distributors to retail outlets. Ming Le Sports AG is headquartered in Quanzhou, the People’s Republic of China.

1,425 Employees
Last Reported Date: 11/28/13

ming le sports ag (ML2) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

ming le sports ag (ML2) Key Developments

Ming Le Sports AG - Shareholder/Analyst Call

Ming Le Sports AG - Shareholder/Analyst Call

Ming Le Sports AG Appoints TreuConsult GmbH Wirtschaftsprufungsgesellschaft as Auditor

Ming Le Sports AG announced that a new auditor was appointed by court. The new auditor, TreuConsult GmbH Wirtschaftsprufungsgesellschaft, Berlin, will immediately commence the work for the auditing of the annual results 2013.

Ming Le Sports AG Announces Resignation of Warth & Klein Grant Thornton AG as Auditor

Ming Le Sports AG announced that its auditor Warth & Klein Grant Thornton AG informed the company that it is not willing to act as auditor for the financial statements of the financial year 2013. In its letter Grant Thornton said that during the preliminary auditing proceedings of the financial statements for the financial year 2013 it had checked the existence of cash, revenues, trade receivables, costs of sales and trade payables of Mingle (China) Co. Ltd. and Fujian Mingle Sportswear Co. Ltd. (both entities together as 'Mingle China'). In this context also the existence of major customers and suppliers of Mingle China were reviewed. Four of the 26 customers and two of the 44 suppliers of Mingle China have, so Grant Thornton, had been identified, which the business licenses had been marked as either cancelled or suspended in the commercial register. In response to these findings, Grant Thornton checked the respective bank accounts of the customers and suppliers concerned and could not verify that the bank accounts were existing or operating at the time of check. Grant Thornton further states that existing documentation was insufficient evidence for the existence of the said revenues and trade receivables, neither for the trade payables. Grant Thornton has asked the Management Board of the company to provide further proofs and allow further checks in this respect. The Management Board and Grant Thornton could not agree on the company allowing further checks and giving further proofs. As a consequence, Grant Thornton terminated the mandate with the company in the letter.

 

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ML2 Competitors

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Exceed Co Ltd $1.54 USD +0.01
Li Ning Co Ltd $3.40 HKD +0.01
Meike International Holdings Ltd $0.31 HKD 0.00
Peak Sport Products Co Ltd $2.12 HKD +0.01
XTEP International Holdings Ltd $2.72 HKD +0.05
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Industry Analysis

ML2

Industry Average

Valuation ML2 Industry Range
Price/Earnings 0.5x
Price/Sales 0.1x
Price/Book 0.1x
Price/Cash Flow 0.5x
TEV/Sales NM Not Meaningful
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