Geong Share Discussion Threads

[augustusgloop] 30/3/2015 15:05

Supposed to have £3.5m in cash - but still can't pay the £1m loan that should have been paid about 2 years ago.

Smoke and mirrors.

[sir rational] 30/3/2015 15:03

News on CULS is a positive.

Next news should be on trading.

[sir rational] 27/2/2015 09:57

Slow but steady progress towards the new strategy & improved collection of trade receivables:

'Whilst the management
team has committed to execute the strategy it has taken several years to
refocus the business and the management team will continue to work hard on the
repositioning in the second half. Whilst slow, the results of the change in
strategy are evident and we believe will translate into a satisfactory outturn
for the current financial year.

...

With respect to trade receivables, as previously stated
traditionally the third quarter is the peak collection period for the Company
and this is expected to reduce the level of trade receivables in H2 and
overall.'

[augustusgloop] 26/2/2015 11:14

This BB was set up in October 2006.

I wonder how many of their present debtors were on the books at that date.

I bet that there are a few.

[rivaldo] 26/2/2015 10:54

Interesting to see around 200,000 shares sold this week, but the share price is solid. Someone accumulating perhaps.

Hi GI. Yep, still here :o)) As SR says, the interims were OK, with some promising comments about trading etc and the much seasonally better H2 to 31/3/15 to come.

I'm hopeful that after all this time the transition to SaaS will finally start to benefit cash flows - as will the passage of time on trade debtors and accrued income. We shall see.

A m/cap of £1.7m remains tiny imho considering the client base and what might (just might) be the case in a year or two's time as regards cash flow and profitability.

[sir rational] 25/2/2015 10:37

Luckily all of our children were naturally extremely blond (tends to go @ 12-13 in the boys but my daughter still shines ;-)

Net effect being my wife could easily carry it off, ie just look at the evidence, people lol; as a tot she & I were also both really blond.

Enough already.

On topic: I was just re-reading the interims and they're really not bad at all. Satisfactory result expected for the full year plus upturn in margin.

We all know about the 2nd half being by far the better half for collection of receivables so I'd genuinely expected a decent result vs LY, which I know doesn't say that much but it's going in the right direction at least.

Comments?

[zangdook] 25/2/2015 09:59

Marilyn Monroe used to dye the carpets too. Sometimes the bleach got into the wrong place.

If Lady Rat is so intelligent, perhaps she knows a way around that. Do tell, Sir R.

[meijiman] 25/2/2015 09:17

No matching collars and cuffs by the sound of it.......

[3taz] 24/2/2015 22:59

Sir Rational....... Are you saying the "carpet and curtains don't match" re:- the Wife ????

[marth] 24/2/2015 16:30

Haven't you checked yet?

[zangdook] 24/2/2015 15:09

How many shares did you buy?

[sir rational] 20/2/2015 19:15

Best investment I ever made was in my wife.

Gorgeous incredibly clever possibly natural blonde.

[sir rational] 20/2/2015 19:12

Cruel but fair ;-)

I live.

[geheimnis2] 20/2/2015 16:38

is it fair to say this hasnt been your best investment decision ever, ratty?

woof woof?

[sir rational] 19/2/2015 11:17

Captain, I can't hold her any longer! She's going to blow!!!

[greek islander] 17/2/2015 23:52

Riv, Not given up yet on this one?

[sir rational] 16/2/2015 14:51

Graph looking very interesting.

This time around we should see a new base/ firm support build @ 10p, with a trading range 10-15p for a few months.

[rivaldo] 05/2/2015 10:23

Hmmm....buying coming in at 4.71p now.

[sir rational] 04/2/2015 19:16

That would be a 20-bagger

[sir rational] 02/2/2015 19:40

You are no doubt correct, bbs.

= wasted time, idle money.

But with a fair wind, GNG will come good and then Riv's old 85p will seem not a mirage or dim memory but a line in the sand and the start of something better.

[bbluesky] 30/1/2015 20:40

Chart tells me serious resistance at 4.125 and then 4.5 and then 6 short term. The 4.125 is why it has spiked, fair bit of sell volume. That is the half empty, because the other half is fill your boots and the take the sell volume imv, dyi. Re IBM restructure, isn't the modern way to put out basics and get apps on top. So, GNG a China App for IBM. Locals have an advantage in such markets and if relationships and inroads matter, then Riv may have been ahead of his/her time. Like the P&F chart Sir Rat.

[sir rational] 30/1/2015 19:43

Look at that chart!

[rivaldo] 28/1/2015 08:34

A 25k buy causes another tick up.

[sir rational] 27/1/2015 21:38

More outsourcing coming up, lovely jubbly for GNG.

Last chance to buy at tomorrow's prices.