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Glbal Lck Grp Share Discussion Threads
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|filipe.....Are you still in here ? What happened ?
I do not know anything about this company but it looks strange to me as why list here if not raising any money ? Who benefitted from this debacle ?|
|Quite a turn around at GLOK and a good video presentation - thanks sammy.
Currently the share price is about 82% down from their 2010 high and looking as though they may start to move up again as the newsflow continues to improve.
I'm now in here, having been a lurker for the last 3yrs.
|Audio webcast (GLOK) Global Lock Safety - Interim results for the six months ended 30 June 2013
Click the link below to listen
|Very quiet here - no news for almost 3 months !|
|RNS Number : 3689J
Global Lock Safety (Intl) Grp CoLtd
30 June 2011
Final results - Highlights:
- Revenue for the year RMB 21.65m (an increase of 152% over 2009's RMB 8.6m)
- Loss for year RMB 3.29 m (2009: loss of RMB 0.59m)
- Net assets (including minority interests) of RMB 59.00m (2009: RMB 51.8m)
- Cash and cash equivalents RMB 7.95m (2009: RMB 1.92m)
- Loss per share RMB 0.01 (2009: RMB 0.00)
The Board believes the Company to be well placed to capitalise on the rapid increase in prosperity and developing urbanisation of China. The size of the potential market is demonstrated by the fact that more than 400 of the world's most populous 1,000 cities are in China. In order to secure what the Directors believe to be Global Lock's first mover advantage, the Board has developed a franchise solution which will see Global Lock entering into partnership with local entrepreneurs to roll-out the business model to third-tier cities. This franchise model has the potential of securing the investment to fund the establishment and initial working capital requirements of new branches, which has been the biggest brake on the Group's expansion to date.
|Cheers Sufistrength - interesting extract on GLOK frm GCI !
"Another unusual investment is Global Lock. The retail security specialist, which joined AIM last October in a float that raised £1.9 million, is domiciled in the British Virgin Islands and headquartered in Shenzhen, south China. Although retail security solutions are commonplace in China, Global Lock is one of the first of its kind in China. It claims to offer a tripartite solution to retailers worried about theft or vandalism, providing an alarm service, a quick response security service team and anti-theft insurance through the China Pacific group.
Focused mainly on clothing stores, Global Lock claims that its guards can provide a 'sub-five-minute response' for its customers, something it asserts is a 'unique concept' in the Chinese security industry. It explains that it can reach this sub-five-minute target through its various guard response hubs, which are set up in sufficiently close proximity to the stores to arrive in time. Once at a store, they are instructed to call the police and the owner in the case of genuine activation or check if an alarm has been set off by accident. Led by CEO Xuean Yan, a former financial controller of Chemtex Engineering, its board includes Englishman and non-executive director Andrew Gee. He maintains that due to the increased disparity in incomes in China, the company will profit from the rising concern that many Chinese people have about their own security, with future areas of interest including providing security on private housing estates and at schools."
NB: Pixtel - it's not the alarm technology that is particularly significant here, it is their business model with the tripartite system of alarm, security response and insurance that represents their potential growth and success here. So far it is early days but the current valuation is way ahead of the fundamentals, which is why I have only put it on my watchlist !|
|Been following news here from the sidelines. I am wondering if this technology is really unique or if it just that they have first-mover advantage and shops.
Take a look here to see what I mean:
anyone out there, please give your thoughts.|
|Very quiet here. Full year results for the year ending 2010 are now due !|
|Some more small scale selling prompting some further retracement in the price. The unexpected 50% rise over the 4 weeks following the IPO was not based on any fundamentals or meaningful newsflow
and therefore the subsequent pull back is hardly surprising.|
|Some consistent selling of 10K blocks today. There has been no newsflow to prompt these first series of Sells, and the subsequent share price retrace, since their IPO 8 weeks ago.|
|Thanks for that. I'll keep an eye from the sidelines too.|
|zangdook - their sales to the year end June 2010 were circa £812K with post tax profits of around £52K. However they reported that just prior to their listing in October their Q3 (July - September)
and YTD performance was as follows:
"Between 1 July 2010 and 30 September 2010 the Group continued to acquire more customer contracts and the Directors estimate that for the three months ended 30 September 2010, the revenue derived by the Group was in excess of RMB5.3m recognised on a cash basis. Revenue to 30 September 2010 on a cash basis was RMB14.8m and the Group generated pre-tax profits of RMB1.4m. Cash balances as at 30 September 2010 were approximately RMB3.1m."
Extrapolated this suggests that in the year ending December 2010 sales could be circa £2.1m (growth of nearly 200%) with post tax profits quadrupling to circa £200K. However their growth might just be accelerating at an even higher rate than I am extrapolating. They had cash of circa £300,000 just prior to the IPO and they did not seek any new funds at that time although it is clear that their motive for listing was to provide them with a platform to raise cash at a later date. At their current rate of growth they will probably look to raise some funds in the market during the next 9 months.
With 250m shares in issue, and a current share price of 21.5p, their market cap of nearly £54m looks very rich to me with a triple digit PER. However, with fast growing companies like this it is often very difficult to perceive potential worth from the outside. I love their business model and believe that potentially it could be replicated in many other markets but it is difficult to gauge how competitive it is with alternative options and how profitable it can be as economies of scale are developed.
Consequently I am sitting on the sidelines until I can obtain better visibility here. I think that their pitch to achieve their first public fund raising should provide a lot more insight into their potential growth in sales and profit and that might help to determine a good entry point.|
Do you have a view on why this is rising? Is it because of scarcity / novelty value or is it actually cheap?
I was in BSST for what seems like a very long time and eventually had to cull something to raise funds and sold for a tiny profit, so I'm a little surprised to see a small Chinese AIM security company moving up so well.
It's probably unfair but I'm nervous about going in too soon given the tendency of smaller Chinese AIM stocks to underperform. This does look more attractive than ACHP which listed just before it.|
|Excellent progress since the IPO with the share price up by 35% since listing just under 4 weeks ago !|
|RNS Number: 1201W
Global Lock Safety (Intl) Grp CoLtd
15 November 2010
Global Lock has opened a second "super" branch based in Yuxi City, Yunnan province, Southwest of China. This new "super" branch, which was opened at the end of October 2010, follows the existing model as is used by the Company in its existing "super" branch in Nantong, Jiangsu province and is on a much larger scale than is used for the Company's standard branches. "Super" branches are targeted by the directors of the Group (the "Directors") to achieve a combined total of more than 20,000 stores and residential customers each, in comparison with a maximum of 700 to 1,000 customers for a standard branch. "Super" branches are intended by the Directors to provide the same standard of service to entire shopping malls and discrete residential developments as the standard branch delivers to individual retail outlets.
Global Lock is hosting two conferences at the People's Conference Hall in Beijing, the first is a press conference on 20 November 2010 and has been arranged in order to publicise Global Lock's strategic partnership with China Legal Daily. A second National Conference is to be held towards the end of
November/beginning of December 2010. This second conference is aimed at nationwide and regional politicians, as well as legal & public security officials and police departments and the Directors believe this to be a crucial step in the ongoing development and expansion of the Company. The purpose of the conference to facilitate co-operation between Global Lock and the governmental and regional police departments with a view to them supporting and promoting Global Lock's security solution around China. At the conference, Global Lock intend to promote Global Lock's unique security solution and its potential for assisting governmental and regional police departments in the performance of their duties. The Directors estimate that approximately two hundred delegates will attend these conferences. These events, which are focused on the security and protection industry, have been approved by the People's Republic of China Public Security Ministry and the Beijing Municipal People's Government. The events have attracted a number of sponsors, including China Legal Daily, China Central Television, Shenzhen Security and Protection Industry Association. In addition, the events have the support of the Shenzhen Municipal People's Government and a substantial number of the key national and local press and media in China. This is the first time that the Group has held such events in China.
Update on number of branches
Since Admission, Global Lock has opened an additional three branches (including the "super" branch based in Yuxi City, Yunnan province meaning that as at 31 October 2010, the Company had fifty-five branches. The Directors are targeting opening an additional seven branches 31 December, 2010. Johnson Yan, CEO, commented: "I am extremely pleased with the progress that Global Lock has made since Admission to trading on AIM and the opening of the new "super" branch in Yuxi City forms a clear part of our strategy. We are continuing to drive the business forward and are assessing a number of potential acquisition targets. These acquisitions will only be progressed where the board of Global Lock believes that they will add benefit to the Group and further announcements will be made at the appropriate time."|
|Congratulations to GLOK with their first public UK transaction since yesterdays AIM listing ! A buyer (not me) has invested £1750, plus trading costs, to acquire 10,000 shares at 17.5p.|
I quite take your point and quite realise you're not making a recommendation - good idea to set the thread up though : could be an interesting proposition.
Only too well but for an example of the exception which proves the rule have a look at CLIG !|
'Corporate governance' bluebelle - you are aware that this is AIM, right?|
|Fair point Bluebelle and obviously I'm not in a position to provide a definitive answer either. In due course I'm sure we will be able to acquire greater insight into both their rationale and capability. Obviously they have a domestic market to exploit but their patented alarm technology and business model could also be implanted into foreign markets, particularly in other SE Asian countries, and may be a factor in their choice of listing here. If and when I get any further insight into this I'll post it here.
I'm not concocting an investment proposition at this stage and the thread was set up to monitor their progress and to provide a forum for ongoing debate on any evolving investment case.|
Why have they listed in London ? They don't seem to need to raise money at the moment and their sales and marketing focus is not primarily on Europe. AT first glance it seems a compelling proposition. My concern, as ever with these stocks which is why I'm seldom tempted, is with the largely unknown quality of management and standards of corporate governance.|
|Well the fairly rapid progress that GLOK have made so far, together with their future aspirations, suggest that you have clearly been labouring under a complete misapprehension ! :o)|