||EPS - Basic
||Market Cap (m)
|Real Estate Investment & Services
China Gateway Share Discussion Threads
Showing 51 to 71 of 75 messages
All the mug punters keep buying those Chinese listed scams every single time|
|what a scam|
|Presumably the Authorities are looking into the 33% price drop AHEAD OF the 16.39 delisting RNS|
|This looks like a company run by a bunch of clowns|
|Big dump, time to buy me thinks.|
|Picked up a few of these today.|
|Laxey increasing their CGA holding
see post 1 of the "Tracking the Arbitrageurs" thread for their other holdings.
|Anyone else like tracking the arbitrageurs like Laxey?
I've created a thread which contains all their other holdings
Just running through watchlist & strat for this year and fortunately I never touched this one..
OUCH !!.. DELETE|
|For immediate release 31 August 2010
CHINA GATEWAY INTERNATIONAL PLC
UNAUDITED INTERIM FINANCIAL STATEMENTS
FOR THE SIX MONTHS ENDED 31 MAY 2010
The Company sets out below its unaudited interim results for the six months ended 31 May 2010. The unaudited six month interim report is being posted to shareholders, and is available on the Company's web-site www.cgi-plc.com
As reported in the Annual Financial Statements to 30 November 2009 the Company has exchanged contracts for the disposal of its properties at Great Farthingloe Farm and at Western Heights, Dover ('The Dover Properties') to Dover Gateway Limited for a cash consideration of £5 million before estimated costs of £30,000. Completion of the sale was due to take place on 5 June 2010 but has now been deferred to 3 September 2010 to enable the purchaser to proceed. Notice to complete was served on the purchasers on 20 August 2010. This notice will expire on 6 September 2010.
The Board has considered the position in the event that the purchasers fail to complete and are confident that the Dover Properties would soon attract alternative purchasers should the Company wish to proceed with a sale. The Directors have had very positive discussions with Israel Discount Bank regarding the alternatives should the current sale not complete. The bank have confirmed that they wish to continue working with the Company.
The Board still expect the current purchaser to honour its contractual obligations with the Company having allowed an extended completion period in order to assist the purchaser. Subsequently the Board have issued the Completion Notice and formulated contingency plans as required to protect the Company's interests. The proceeds from any disposal of the Dover Properties will be used to reduce the Company's indebtedness to Israel Discount Bank Limited.
Further progress has been achieved with regard to "Seat Sales" at the company's Manston site although the first sale has not yet been completed. As previously reported all terms in relation to this contract have been agreed but completion has been deferred pending the conclusion of the Section 106 planning agreement for Manston and the granting of final planning permission in line with the earlier Resolution to Grant.
The Company's sales team in China have received formal expressions of interests from a number of other organisations and are actively continuing with the marketing of seats at the Euro-China Cultural and Technology Industry Hub. The Board expects that the Company will be in a position to commence the construction of the first hub during 2011.
The Company acknowledges the continued support of local agencies including Locate in Kent and Thanet District Council for their help and cooperation with the Manston project. The Directors continue to believe that given its excellent relationships with China combined with China's continued and sustained growth and its government's commitment to globalisation, the Company is capable of increasing the value of its investment property at Manston.
The Board acknowledges and thanks its principal lending bank (Israel Discount Bank) for its continued support and also thanks its shareholders for their further investments in the Company.
The Board continues to view the Company's future with significant optimism.|
|so what was that little burst all about:?|
|This company owns land at Manston airport which it has been trying to interest the Chinese in investing in.
The land was originally owned by Wiggins plc changed to Planestation which tried to sell it in 2005 but was unable to and went into administration despite owning other property in Liverpool, norh London, Oxfordshire. The banks pulled the plug.
Manston Business Park was purchased by CGA for ? and has been revalued. It sits there overgrown and uncared for & on the books for say £37m. Please don't be fooled by the hype which may or may not materialize imo.
What I don't understand and this must be on the plus side, is how an Israeli bank is providing the finance?|
|Must have a bit of luck this month. First CAZA now CGA both
into the 100% plus profits|
|I need 40 to break even!|
|This is going to fly. Just topped a few more and that was a struggle. Maybe we are about to see 30p by end of day.|
|asparks the price should be more like 50p or 60p|
|BLENHEIM LIMITED 6,061,038 28.86%
OMEGA PROPERTIES LIMITED 6,061,039 28.86%
Credit Suisse Client Nominees (UK) Limited 3,527,043 16.80%
HERITAGE BUILDING LIMITED 1,550,723 7.38%
Pershing Keen Nominees Limited 985,024 4.69%
87% in instis. This will move fast on news|
|simon - what do you think current share price should be?|
|Worth £5m to them. With a market cap of £4m and a balance sheet worth £22m this is way undervalued.|
|perhaps related to this?
"Regarding the proposed disposal of the Dover Properties to Dover Gateway Limited
as updated on 1 July 2010, the Company reports that it has agreed with Dover
Gateway Limited a final completion date of 3 September 2010 to enable the
purchaser to proceed. "|