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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Bluestar | BSST | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 2.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 2.50 | 2.50 |
| Top Posts |
|---|
Posted at 18/10/2012 09:34 by bill182 At least it looks like some of the institutional investors are keeping the faith. I see that CIM Investment Management have increased their holding to 5.15%.The share price seems to have stabilised at the 3.00p level. With the interims due in the next few weeks, a little bit of good news could see the share recovering some of the recent losses. |
Posted at 10/10/2012 14:21 by bill182 Another 1.3m buys today so far. It looks like one or more of the Institutional Investors are selling down. Could be because the company are no longer paying a dividend. |
Posted at 02/10/2012 16:26 by saucepan It has been a long while since I have been in BSST, but it seems to offer a classic lesson for investors: when a stock is in a strong downtrend it takes a lot of reversing. I seem to recall I got out around 15p to 20p levels and some people thought the bottom was in then.A bowl probably needs to form over a decent period before there is much chance of a sustained rise. No sign of that, I see. |
Posted at 06/2/2012 15:35 by davidosh I am certainly not suggesting BSST is bust nor that every single chinese investment will end in tears ! However I doubt there are many that are now higher than their listing prices or exited the market higher than they entered it ? That does not mean that clever trading of the initial euphoria and dash for some of the growth stories would not give profits to some but the vast majority have had problems whether,cultural,scaIt would be interesting to see a full list including float price and initial market cap, total funds raised and market cap now...I doubt it will be a good risk/reward indicator and certainly many investors are scarred by past experiences and will not now go near these even when trading below cash....just look at what happened at Sinosoft Technology two years back ? |
Posted at 06/2/2012 11:48 by zangdook fwiw I think that 'no Chinese' rule is a bit of an over-generalisation. WCC, for example, seems to have been a life-changer for some investors. Of the current AIM batch TAIH seems promising medium term - none of the receivables nonsense which has chewed up the share price here and at GNG, though it's true that it's still in the doldrums, trading well below apparent value. |
Posted at 07/7/2011 15:33 by hedley2 Company appears completely unloved, little or no trading taking place, one wonders where it's headed. I did e-mail Romeo Kwok about investor updates ( available on company web site) and received a reply in the form of a recommended link. Perhaps he would know date of results? |
Posted at 11/4/2011 15:26 by masurenguy Cheers David - interesting article. Normally any investor taking a stake of 30pc or more would be forced under rule nine of the City's Takeover Code to make a bid for the rest of the company......However I think that the TP's view that it cannot operate as a regulator outside of the areas of its jurisdiction is an utter cop out. Membership of the London markets is subject to compliance with the rules. It does not matter where the listed company is domiciled in that context. Any company listing in the UK should have to provide a legal undertaking to abide by the rules and the Nomad should also have some legal liability in policing that compliance. At least that would ensure much greater DD by the Nomad before accepting any new appointment and they would also be putting themselves on the line, both financially and in terms of reputation, which might eliminate some of the more "dodgy" IPO's from ever seeing the light of day. FTAOAD - these latter remarks do not apply to BSST since I have no reason to believe that there is anything untoward about the company (I would never have invested had this been the case). However, the potential to delist here in the future, as a result of the CEO's dominant shareholding, was an issue that had begun to concern me and todays announcement would have further reinforced this unease had I still been holding here. Edit: I see that RCG have had to abandon their plans to delist from AIM following a rejection of the necessary motion to approve this move at their AGM today. "The special resolution regarding the cancellation of admission of the Company's shares ("Shares") to trading on AIM and PLUS proposed at the SGM held on 11 April 2011 was not passed and the ordinary resolution regarding the general mandate refreshment was passed." An unexpected development but I'd imagine that the majority of AIM holders are already long gone ! |
Posted at 25/11/2010 19:24 by masurenguy longsight- 957: Mas - when are you going to post evidence that I lost money on RCG.You asked for it so this will do for starters. Unlike you, I don't go around making wild assertions without some evidence to substantiate them ! longsight - 4 Nov'07 - 11793: A point about Mrs Wang's increased holding in RCG before she died, being the richest woman in the Far East, presumably she was good with money. She had the inside track on the quality of this business long term and increased her holding. This is one of my main reasons for relaxing about RCG......If I really believe my own analysis of the long term quality of this story, then I am going to have to be patient. RCG SP: 93p longsight - 21 Dec'07 - 13675: Glad I'm in RCG etc and am getting out of all UK stocks. RCG SP: 81p longsight - 29 Dec'09 - 39044: Monty, I'm still very bullish though happy to be patient. RCG SP: 82p longsight - 7 Apr'10 - 12:00 - 41122: However, the shares are absurdly undervalued & will achieve a rerating by the end of this year as the Dato Lee / Azumi understated approach starts to reassure investors. I can not imagine that the share price won't be at least 6x earnings by the year end i.e. approx HK$15 or £1.27. RCG SP: 74p longsight - 14 Apr'10 - 19:45 41210: I have obviously spent vast amounts of time assessing & reassessing the RCG investment case. I am not short of other investment ideas so to remain invested here has at times been a struggle given the overwhelmingly negative sentiment RCG SP: 72p longsight - 28 Apr'10 - 20:16 41472: I believe we shall all become rich now except sadly for ELBAN & Zakmundo who will lose out because they are too busy looking for evidence of a scam. RCG: share price 71p longsight - 23 Aug'10 - 12:59 - 42891: I did sell my holding this morning in HK. The share price is very cheap - I wish holders really good luck & apologise if I have influenced anyone through my over bullishness previously. RCG: share price 45p You also ramped RCG so much that another poster thought you might even be on their payroll ! milacs - 13 Apr'10 41191: longsight, You are and always have been very positive concerning the welfare of this company. You post almost on a daily basis taking umbrage at any posts which have even the slightest negative slant on RCG. Do you represent the company in any way directly or indirectly. Anyway, I'm now getting really bored with this and I'm sure that other shareholders here are really not interested in all your BS. I've also got far better things to do this evening than respond to your incessant BS. All the old RCG holders know you bought in during 2007 so you must have paid more than 93p. After then ramping RCG to death, you subsequently sold out at around half that price last August. |
Posted at 24/6/2010 10:44 by elban More shares would be traded if they offered a little leeway in payment terms -- perhaps T + 334 would be a good idea. If the customers can get such terms, why cant investors? |
Posted at 23/6/2010 14:49 by longsight Mas - they do not have positive cash flow. I agree they do have a big cash cushion but if they can't cut debtor days then if they expand the business further they will soon eat up the cash. It is not true that all Chinese businesses suffer from this problem. WCC has quite good cash collection. Chaoda Modern has debtor days of just 30 days [from memory].This remains the biggest reason, imo, why investors aren't committed to this share. I hasten to add that in the case of RCG, I have repeatedly identified lousy cash flow / debtor days as the biggest constraint on the business. With BSST, the situation is worse i.e. beyond the pale. It is ironic that most of their customers are Banks since BSST really act as a bank to their customers. The reason the shares did not respond to the police stn contracts is because of course they will pay just as slowly. ELBAN, for once, has called this one right. |
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