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China Wonder Share Discussion Threads
Showing 1776 to 1799 of 1800 messages
|now on QIH, name change|
|denc - I have no idea what you are talking about.|
What are you on about?|
|the followers of the Porky booted ex accountant were told the cash would be payed out at around 30p a share after 12 months were they not ?.
they were not told it would all be invested in some metal bashing outfit in deepest manchuria or wherever possibly to disappear forever .
but i think you just got royally shafted
a more appropriate name for this outfit might be Luz Yu|
|I'm not interested when you bought or sold, more interested in the here and now and future prospects.|
|No MONIS- I bought at 50p and sold at 90p during the spike. Slightly early as it happened. Anyone who bought after the spike would have paid over £1. Of course if you could be bothered to dyor you would know the numbers. ;o)|
China Wonder acquires Win Yu International Investments for £12.3mln
Thu 9:19 am by Sergei Balashov Win Yu sold 1,546 machines worth nearly £20 million
China Wonder (LON:CWO) is set to acquire lathe and milling machine maker Win Yu International Investments for £12.3 million in cash and shares.
The acquisition by China Wonder will be in part funded by £325,000 raised via a placing of 1.7 million at 19 pence per share, representing a slight discount from yesterday's closing price of 19.38 pence. Shares in China Wonder rose 3 percent to 20 pence on the update this morning.
The consideration consists of £5 million in cash and 38 million shares at 19 pence per share.
In 2010, Win Yu's sole trading subsidiary JSQH sold 1,546 machines worth nearly £20 million. About 90 percent of JSQH's machines are distributed within China with the rest going to customers in 28 countries including the UK, United States, Germany, Russia, Brazil and Malaysia.
As the deal constitutes a reverse takeover under the AIM rules, it will require shareholder approval at a general meeting. Following approval, China Wonder's existing shares will be delisted and the company will apply for admission of its enlarged capital to trading on the AIM market.
China Wonder was initially focused on manufacturing packing machinery and associated spare parts, equipment, mouldings, paper products, packing cartons and boxes in China. In November 2010 it sold subsidiaries Jinzhou Wonder Machinery Equipment and Jingzhou Wonder Paper Products for £2.8 million and Wonder Packaging Machinery for £3.1 million in November 2010.
Following the disposals, China Wonder became an investing company and had a cash balance of about £5.4 million with no outstanding debt.
China Wonder highlighted the strength of Win Yu's research and development department, noting that 60 percent of the current product range was developed by its R&D division.
China Wonder has also released its 2010 full year report today, revealing a profit of £212,434 from continuing operations compared to a profit for those businesses of £270,855 in the previous year.|
|fludde- Well if you go around buying shares after they have spiked up after an initial listing you are probably rather silly whoever the company is. Imo this company at present is undervalued and if you can be bothered dyor.|
|I suspect if you bought in 2004 at around the 50p or more mark you would be very hard pressed to take your money out, but that is just my opinion.|
|fludde- so you obviously have not read any of the rns! You have not understood forcasted earnings for this year compared to the company's new market cap, you have not taken on board that the deal was done at essentially the market price, you have not realised there is also a 12 month lock in for the new major shareholder. And as for getting money out, a few days ago when I checked I could sell loads of shares but couldn't buy any.
I think you have got it wrong, just my opinion.|
|Why have I been wrong or why do I agree?!
I agree because I have seen the modus operandi of Chinese investemnts before. It seems a lot easier to move money into China than get any of it back. SWC was a great example of wealth distribution from West to East.
I remember reading in a paper (which is no reason to believe the content, the opposite in fact) some time ago that Chinese companies were floating to raise money but with no intent of ever paying anything back. Xenophobic generalism perhaps but not without some foundation and certainly has helped to colour my opinion of Chinese investments.|
|fludde - why?|
|I think this is the first time I have agreed with Denc! Still I have been wrong before.|
|Who is this denc/dunce character who has just turned up?
He has obviously not read the rns's, i'm delighted with the new business it undervalues us even more and it also proves how far off the mark denc/dunce was before.|
|lol - they just took the £5 million that was going to go to shareholders [ including Porky and the Credulous who follow him] and they jut gave it all away to their mates or who ever this is
looks very much like a total safting to me
Yu Gonna Nid It
sorry for the others but lol at Porky|
|curlly-agree if you look at the figures these look even more undervalued now imo dyor.|
|We will now be a much bigger company by the look of things - this is going to move higher today when people realise what has happened here imo.|
Yes i agree with you and yes i had to smile when i sore the placing price
with the turnover and profit with Win Yu i think we are onto a winner|
|pomp - do not agree, it's very good news imo dyor. Look at the placing price.|
|theyve adquired Win Yu!!
Thats Fuk Yu to shareholders!!!|
|Well thats an rns
What do anyone else think?|
|it is £5.5 million gross they would raise but in 2009 creditors were £2.6 million - what are they now?|
|A lot of very inaccurate posts of late on here imo. If you read the rns's they state that they have had an offer for I think the remaining part of the company which if it goes through and by theory it should the company will have I think dyor approx £5-6m in the bank having already sold the other part of the company (refer to rns for exact figures). Looking at the present market cap I would say these look very cheap imo dyor.|
|alleged value of their assets says it all thanks. I'll get the barge pole out.|