||EPS - Basic
||Market Cap (m)
|Software & Computer Services
Real-Time news about China Eastsea (London Stock Exchange): 0 recent articles
|dealit: janeann, this happened to myself some years ago and i was not connacted. Asked your broker what the position is, cesg have appointed a broker to set the price to be paid that is the key factor. IMHO the share price should be higher than the closing price yesterday.|
|rcg1618: Market Cap £7.7M is based on share price of 10p. £5.41M for the current price of 7p.|
|dealit: As I see it the mms would not push the share price north on little share buying if they did not have an order to fill, who the buyer is we should find out shortly.|
|0rb1t: Hi all, I spoke to the company last week. They were keen to reassure investors that they have not lost any of their key customers. There have been a lot of distractions for government and companies this year such as the earthquake and Olympics so it is not supprising that the first half was going to be weak. Also it looks like Seymour Pierce were given guidence by the company to ensure that they wont disappoint the market again.
The contract with ZRCC for another 17 years provides some visability of future earnings.
The number of sales as a result of the profit downgrade and current market has been quite small (only a few 10,000s of shares). It does show how illiquid this company is by the impact in the share price.
The long-term prospects for the company are still good and they are still looking at providing offshore outsourcing opportunities.|
|0rb1t: We seem to be developing an uptread. Any slight buying now forcing up the share price. But we are still only on a historic PE of 6. If this gets dual listed on the Shezchen stock market I think a lot of Chinese will be willing to pay at lot more than that.|
|glasshalfull: Apologies for asking explorer.
I was simply trying to work out how the mm's were running their books with this company...and whether they were holding back the reporting of a trade until the next day.
I've been adding periodically :o) and now noticing that even small buys are starting to move the share price. Doesn't necessarily mean anything but like Art I've a feeling that there isn't much loose stock around at the moment.
I also remain in contact with David Tsui who intimates that representatives of the company have penciled in the 1st week in October to visit the UK to meet with investors.
I've asked a range of other questions and will get back with any relevant information in due course.
|rivaldo: Wow - all those posters (excluding me obviously!) are some of the best on ADVFN. I'm privileged to be in their company.
Since the CESG share price is actually at or better than the price it's been since the early post-AIM spike (I'm guessing a number here are at break-even or in profit since they bought in fairly recently as I did, after the price had fallen well back from the spike), I'd say CESG is actually doing pretty well in the current climate - probably because it's just so damn cheap to start with (imho etc).|
|glasshalfull: Agree Hectcorp.
Thought recent results may produce a fillip to the share price.
Everything is getting hammered indiscriminately in this market.
Sentiment will turn in due course and companies such as CESG will have their time in the sun, IMHO.
the share issue at 33p which is above the current share price is interesting. No need to give a discount here as the share price are already trading at a discount.
We now have two major share holders called Rich Hope and Good Hope in the company!
The other good news is that London Asia no longer have a notifiable interest in the company. They did have 4.3m shares when the company transferred to AIM. Now less than 3% means that their holding is below 2m. They were the only major shareholder not to sign a lockin agreement for the AIM float. Their selling post-float is the only thing that has kept this down to 30p IMO. Maybe Good Hope also took some of the shares.|
|0rb1t: Hi ex88,
CESG at growth of 62% and 102% over last two years and on track for another 100% this year is good enough for me!
Geong has different risks to CESG. They are reliant on a single product for all their revenue but this can work if it is very good (ie sage). Also I suspect Geong would be more affected if key personel left.
I would have thought that CESG has the scope to becoming an even larger company than Geong as any computer system can be outsourced (see the size of Wipro, TCS, EDS, CSC, etc).
The statement listed in the admission document about this being a PRC company held by a foreign listed company probably applies to Geong as well (they are listed in the BVI). There are of course risks associated with investing in China but like in any other country. I think the Chinese will want to promote their companies that are going to compete on the international front and not penalise them!
There are 16.15m share options outstanding at an average price of 14.48p. At the current share price of 31p this would cause dilution of 10%. This sounds reasonable if they can grow the company at 100% a year! (also note any future options will not be issued at less than the current share price).|
China Eastsea share price data is direct from the London Stock Exchange