Sovgem Share Discussion Threads

[Abuse team] 22/3/2006 11:59

Post removed by ADVFN

[jonno1] 22/3/2006 11:58

up again today , am I the only person holding these?

[jonno1] 21/3/2006 16:23

bought these a month or so ago , steady movement upwards over the last few days, anyone else follow these?

[jonwig] 11/3/2006 11:10

Two of the new investments:

SFT, bought 19p, now 28p
KIM, bought 15p, now 25p

[jonwig] 09/3/2006 08:22

milner,

at some point the cash balance will have to pay out fees, salaries, etc. So it's sure to be lower than my estimate - at least at the year end.
The £840,000 is about 3.7p/sh.

[milner2] 09/3/2006 08:10

See the NAV's dropped a bit,wait a while before deciding to up my holding......

[jonwig] 09/3/2006 08:00

The header's going to get a bit too big for my liking!

But a total of £500,000 means the individual money stakes are becoming relatively small, and so will impact less on the NAV.

I see BODI is one hell of a volatile share at times here in London.

[milner2] 09/3/2006 07:51

SovGEM Limited
09 March 2006




Press Release 9 March 2006


SovGEM Limited

("SovGEM" or "the Company")

Investments



SovGEM (AIM: SOV.L), the emerging market finance house, today announces three
further investments totalling £550,000.



SovGEM has invested £200,000 in CEP International Petroleum Limited ("CEP") an
oil exploration company with onshore exploration licences on the Kamchatka
Peninsula in the Russian Far East. CEP is an unlisted company that will seek to
float on the AIM market in London in 2006.



SovGEM has invested £250,000 in Sinosoft Technology plc (AIM: SFT.L) a leading
Chinese e-Government software provider. Sinosoft started trading on AIM on 6
March 2006 and SovGEM has purchased 1,300,000 shares at 19 pence per share.



SovGEM also announces it has purchased 666,667 shares at 15 pence per share in
KimCor Diamonds plc (AIM; KIM.L) costing £100,000. KimCor is a new mining and
exploration company with two projects in South Africa.



The Company is able to update the Directors' estimate of NAV at 25.1p as of
close of business on 7 March 2006 representing an increase of 96.55% from the
initial asset value of 12.77p on flotation on 23 November 2004.



Commenting on these investments Hugh de Lusignan said: "SovGEM continues to see
an extremely wide range of investment opportunities in China related and other
emerging markets and the broad range of our investments fully reflects this."





For further information:


SovGEM Limited
Hugh de Lusignan, Chief Executive Officer Tel: [phone]
[e-mail]



Media enquiries:
Abchurch
Charlie Jack/Dana Thomas Tel: [phone]
[e-mail] www.abchurch-group.com



Notes to Editors

SovGEM Limited is an emerging market finance house incorporated in Jersey. Its
geographic investment focus includes China and other emerging markets. SovGEM
joined AIM in November 2004 (stock symbol: SOV).

[jonwig] 03/3/2006 12:23

Article in today's IC; part of a feature on playing Asian markets. Here it is:

SovGEM is yet another interesting small investment company in the mould of London Asia. Unlike its peers CYC and EnterpriseAsia, SovGEM has come up with a clever strategy that appears to be paying off. Basically, SovGEM is a way of buying into small, quoted Chinese and Russian stocks on the New York over-the-counter market and the UK-based Ofex market. A quick wiz through its investments reveals a number of clever buys.

- Bodisen Biotech, an eco-friendly, bio-fertiliser company that's traded on the US markets for a few years and has just listed in the UK. SovGEM bought $1m-worth of shares for $4.50 - they're now worth $14.92 a share.

- Harbin Electric, which makes something called linear induction motors. These shares were bought at $2, yet they now trade at $8.25.

- American Oriental Bioengineering. Bought at $4.80, but now trading at $5.40.

- China Natural Gas. Bought at $2.80, but now trading at $5.

- Concorde Oil and Gas, a Russian oil minnow quoted on Ofex.

SovGEM has also invested £500,000 for a 1.5 per cent stake in the Tynda forest, in the Amur region of the Russian Far East. Fellow investors include Peter Hambro from Peter Hambro Mining.

What's the sector play? Small resources and biotech over-the-counter stocks in the UK and the US.

What's the risk? That wide spread of quoted investments could crash if stock markets suddenly fall.

What's the potential reward? A share price level with net asset value of 25p looks reasonable.

Verdict: SovGEM appears to represent good value and is worth a small punt if you want access to a wide range of racy, primarily US-quoted, micro small caps.

[jonwig] 25/2/2006 10:47

Further to that, I've used 'Contact Us' on the T-F website to request that the prospectus be posted up; you can also register for information by ticking a box.

[jhan66] 22/2/2006 20:31

Tynda Forest Holdings (1.5% stake), expected to float on AIM in Q1 2006

Any news about the Tynda float yet?

[milner2] 10/2/2006 17:57

CHNG.
News Releases
China Natural Gas, Inc. Announces Opening of Two New Natural Gas Stations, Sees Immediate Increase in Sales and Earnings
Thursday February 9, 8:00 am ET

NEW YORK--(BUSINESS WIRE)--Feb. 9, 2006--China Natural Gas, Inc. (OTCBB: CHNG - News; website: www.naturalgaschina.com), the first China-based natural gas public company in the US capital market announced today the successful launch of two new retail natural gas stations which are operating at full capacity.

Each natural gas station sells approximately 25,000 cubic meters of natural gas daily to taxis, buses and other vehicles which use natural gas to run. Each cubic meter of natural gas sold has a net profit of approximately $0.08. With two fully operational retail natural gas stations in the Xi'An area, CHNG is paced to significantly increase sales and earnings throughout 2006.

Mr. Minqing Lu, CEO of China Natural Gas commented on the launch," Providing compressed natural gas on the retail level to natural gas powered vehicles is the growth driver for China Natural Gas. We will continue to build up our supply capability to satisfy this strong demand. We are looking forward to a year of record earnings growth as we continue to construct more retail natural gas stations in the region."

[milner2] 09/2/2006 08:48

Cheers jonwig.

Agreed i think that 50p float could hold back any fundraising for a while,which i reckon might be a little frustrating FOR Mr De Lusignan who i;m sure has a few more deals in pipeline.

Good to see Bodi settling down both sides of the pond a bit, but then this one is always going to have a seesaw effect.

Harbin looking solid.

[jonwig] 09/2/2006 08:06

Harbin Electric figures:

Harbin Electric,
Inc. (OTC: HRBN) announced today preliminary results for the fiscal year ended
December 31, 2005. The company expects to report net income between $10.1
million and $10.4 million, or earnings per share between $0.65 and $0.67.
Gross margins remain stable at near 50% and operating margins remain near 42%.
These results will be discussed in greater detail in the company's SEC Form
10-K filing to be submitted in March 2006.
''We have exceeded our goals and are pleased with the strong finish we had
to fiscal 2005,'' said Mr. Tianfu Yang, Harbin Electric's chairman and chief
executive officer. "The continued year-over-year growth of our domestic
business in China and contributions from new international partners drove
results. Our operations continue to increase revenues and maintain their
favorable profit margins.''



A PE of around 12x looks to be good value here.

[jonwig] 08/2/2006 16:36

Hi, milner -

There was an RNS about their BODI disposal, I'm sure*. The 6 month clause seems to be on hold.

As far as the cash balance goes, agreed, it looks as though it will support just one more deal. If we remember that cash was much higher for most of the year, interest will cover expenses, and more, I think.

A placing to raise more cash seems logical, as their NAV performance has been pretty impressive to date. Maybe the analyst presentations were part of a profile-raising exercise with just that in mind?

Trouble is, the original float was at 50p, with NAV of 12.7p or so. Raising more cash around the current share price might invite some questions!

*It was mentioned in the interims, 29/03.

Incidentally, year end was 31/12, so finals can be expected at end of March.

[milner2] 08/2/2006 16:17

jonwig
I think that SOV might have sold most of their shares in Bodisun a bit before $10 if they stuck to their 6month clause.

Would i be right in assuming that even if SOV wanted to have made an investment in Bodisons listing its cash status a the moment might be a bit tight to have done so?.

Also do you think that some time in the future SOV will have to raise more funds eg equity, or could you just see them sticking raising funds through the sale of some investments they hold?....

Still have all my holdings........

[jonwig] 06/2/2006 17:53

milner, elmfield,

I doubt it: SOV bought their BODI stake at $4.50 and sold off most of it at around $10, I think.
If they did, I'm sure they will issue an RNS very quickly, as they are pretty good at informing the market of all their holdings changes.

[elmfield] 06/2/2006 17:35

Will wait to buy in to bbc a penny or to lower if poss, and can anyone reply to milner2's question?

[milner2] 06/2/2006 16:23

So the offer for Bodison was 3 times oversubscribed,
well you can see why, looks likely to finish the day around the 9.40p mark,
anyone know if SOV got involved in the placing at 7.30p?.

[coroon] 06/2/2006 15:36

Just bought 22,500 @16.25.
Thanks for your help guys,good luck to all.

[jonwig] 06/2/2006 15:12

Note how the BODI price adjusted upwards by some 7% at 2:30 - US markets opening.
I suppose it could have gone the other way (US market adjusting downwards), but in retrospect that's unlikely, as they've known the company for ages.
And anyway, the US price had its over 25% correction on Friday.

[jhan66] 06/2/2006 08:57

My first look at Bodisen figures.

Annual sales roughly £20M, annual profit roughly £5M. Company Valuation £130M

Not for fainthearted

[jonwig] 06/2/2006 08:32

Hi Jessica5 - will add BODI UK chart to header alongside dollar chart when I've the time.
Then will use UK price for valuation purposes.