Naibu Global Share Discussion Threads

[g8ta] 04/1/2016 13:46

gnnmartin - Did a quick "Naibu" search this morning and it kicked the RNS up. Yes, cash (if there was any), gone. Receivables? who knows. The factory at Quangang, £16m or so and Land Use Rights at Dazhou, whatever figure that was, are the main assets (if, of course, they exist).

Hargreave Hale and Montoya are the two IIs above 3% and the ones most likely financing the legal costs, though there are probably others below 3%.

Huoyan Lin still has the chops or corporate seals, so all in his control. Doesn't look promising, I agree, but some credit to the NEDS as I thought they would have walked away by now.

[gnnmartin] 04/1/2016 11:47

g8ta: Seems to be a lot of effort to chase an empty pot, but thanks for the reference. My usual sources for RNS did not flag up this one. How did you come to hear of it?

[kimboy2] 04/1/2016 11:10

I think the answer to my question is that a p/e of 1.8 wasn't cheap.

[targatarga] 04/1/2016 10:11

I assume Lins already bribed the courts. Nip it in the bud early! imho

[g8ta] 04/1/2016 09:57

An update last month for anyone interested in the outcome of this.

[loglorry1] 08/12/2015 10:27

In order to close of a position in NBU by year end I'd be a buyer of stock for a nominal value. Please PM me if interested.

[the stigologist] 23/6/2015 12:25

mug punters too embarrassed to wave this goodbye ?

[the stigologist] 23/6/2015 12:25

mug punters too embarrassed to wave this goodbye ?

[the stigologist] 23/6/2015 12:24

mug punters too embarrassed to wave this goodbye ?

[caradog] 22/5/2015 07:29

"AIM delisting" would have been a more appropriate title.

[martinc] 21/5/2015 22:34

I think it's in a vegetative state. Can't wait to find out what happens next though.

[lab305] 21/5/2015 20:37

Is this suspended forever? If its dead when is that declared?....or is it just in a coma?!

[the millipede] 15/4/2015 21:43

Loverat,

FWIW I don't think most people who post proper analyses here really care one way or another if anyone agrees with them or not. I would suggest, in contrast to your argument, that if you want to avoid losing money in scams, it is better to learn to analyse situations yourself, or listen to those that can whatever their tone of voice.

Sorry to anyone who lost money here, but this was definitely a company whose adherents tried to silence doubters and push them off the boards. True not every company that looks like a fraud is a fraud........ but many are, and NAIBU has seemed a bizarrely dodgy story for some time.

Take care, TM

[kinbasket] 24/3/2015 08:11

Even if Naibu as a company exists and continues to trade, it is highly unlikely UK shareholders will ever see a penny on their investment.

As I pointed out numerous times a couple of years ago, the listing document makes this clear.

At present, the PRC does not have treaties providing for the reciprocal recognition and enforcement of judgments with major economies such as the USA, the UK and Japan. Therefore, it would be difficult for the Company to enforce in the PRC any judgments it obtained in a foreign court.

Shareholders in Chinese companies have no recourse to the underlying assets. All you have is a paper promise with no legal back-up.

[garycook] 24/3/2015 06:55

But is it coming from the Dead. Why so long in Suspension ?

[freddie ferret] 20/3/2015 17:35

The normal story is the crook runs off with the money. Not in this case it seems. If there is a company and assets then somebody is running it. Was not the last annoncemnet to the effect that a couple of the non execs had smelled a rat. This may yet come back from suspension.
As I say the normal story is the crooks run off with the money.

[topvest] 02/3/2015 07:40

Sounds like Giles Elliott may have been somewhat liberal with the truth as well. Surely he knows that the CEO is in prison, if that is the case? Maybe he could have just said this.

[garycook] 02/3/2015 01:58

If there is money left in the company,then why not,can someone from the company get cheques signed by the CEO in the prison.It is just another smokescreen of a Scam. Lost money in this fiasco. Will never again buy a Chinese Company on AIM. Heads should roll it is a total disgrace and takes liberties out of the UK system.