Geong Share Discussion Threads

[sir rational] 10/4/2015 12:18

Nope we got 5 cars, for our sins.

Bloody time I shifted 1, I give ye.

[sefton1] 10/4/2015 10:27

So you're a second hand car dealer. Where is your car lot?

[sir rational] 10/4/2015 09:26

Plus a Toyota 4X4 and an old but faithful Volvo.

[sir rational] 10/4/2015 09:25

And an Audi.

[sir rational] 10/4/2015 09:25

I've got a couple of BMWs.

[augustusgloop] 09/4/2015 19:36

Imagine if Geong were a car dealership.

"I like that BMW"

"Good choice Sir, its very nice"

"How much is it?"

"Twenty thousand pounds Sir."

"I'll take it."

"very good Sir, how would you like to pay?"

"I'll take it now and pay you in 5 years."

"No problem at all Sir, that's what most of our customers do."

[sir rational] 09/4/2015 15:40

Going up to 25p

possibly tomorrow.

[sefton1] 09/4/2015 10:07

Cue augustdope and stegritroll with the 2 inch protuberance sticking out of his forehead

[sir rational] 09/4/2015 09:21

Only fool sell @ this price

[augustusgloop] 08/4/2015 09:48

rivaldo,

LOL

I act within 5 mins.
The average GNG creditors take over 5 years.

SR,

do you know of anybody else that IBM take 5 years to pay?

[rivaldo] 08/4/2015 08:40

Amusing again that I hadn't bothered posting here for a month and a half, and good ol' gloopy replied within 5 minutes :o))

Happy to reiterate though.

The m/cap remains just £1.6m. The upside is huge if there's just the slightest sign of improvement in cash flows - although the company has at least £1m net cash as at the interims - or in trading, with the company remaining profitable every year since IPO and with almost £10m turnover.

[sir rational] 08/4/2015 08:05

Honour is at stake. Don't forget the IBM connection.

You couldn't take it private for £2.5m in any case.

Trading update likely to bring genuine good news on profit upturn and 'the beginning of the end' on pulling in the outstanding receivables.

[augustusgloop] 08/4/2015 07:50

If it wasn't a scam - why don't the management just take it private?

Get a £2.5m loan from the bank or friends.
Collect the debts over the next 2 years - and make an £18m+ profit?

You have been talking about 'IF' improvements in their cash flow for nearly 9 years - and it just gets worse!

[rivaldo] 08/4/2015 07:45

Amusing to see the share price rise 10% on less than £1k of buys yesterday.

[stegrego] 07/4/2015 19:57

£1 coming soon.....

As a bid for the whole company.

[sir rational] 07/4/2015 13:53

I think £1 would be ambitious.

[sir rational] 07/4/2015 13:38

& going up to 5p in a few minutes

[sir rational] 07/4/2015 13:10

Best stock to double your money on in under 8 weeks!

Should be 8p+ after the update, I wouldn't bet against 10.5p given the fundamentals looking very positive.

All it would take is a decent move on receivables and 50p would not be out of the question = 10 bagger.

[sir rational] 31/3/2015 14:50

Worth watching.

[sir rational] 31/3/2015 13:37

I beg to differ (as does/do our buyer(s).

All companies need to be comfortable with their cash position - otherwise they end up bust.

Mr Micawber etc etc.

Entity owed is happy to wait another 3 months.

They'll get their money & GNG will pull in some receivables.

Sure as eggs is egsg.

[boadicea] 30/3/2015 19:27

There's no way you can read a positive into an inability to pay, especially in a company that claims to be improving its cash collection.

[mudbath] 30/3/2015 18:24

As ever,Elban tells it straight and true.
He should be paid for such sterling contributions.imo.

[augustusgloop] 30/3/2015 15:28

really, and what would he do?

Option 1 - take action in a Chinese court.

Option 2 - write off the debt.

Option 3 - extend the repayment again.

--------------

If you had money in the bank and a loan became due - would you pay it or not!

If you were a bank and a company comes to you for a loan --- if they had such a history of delaying payments on other loans - would you lend to them?

If you were a supplier - would you extend credit to a company that was not repaying its loans on time?

[sefton1] 30/3/2015 15:09

Augustdope still waiting for a brain transplant. CULS repayment would not have been exteneded unless the Lender was happy with its security....Duh