Camkids Share Discussion Threads

[edmundshaw] 29/9/2014 07:53

Just the reassurements that I wanted to see. And sensible comment on the share price and other chinese companies. This is more in the mold of WCC than NBU it seems.

The small improvement in the dividend is also exactly what I wanted, and shows at once a commitment to the dividend policy and keeping their word, without a possibly unsustainable shift to a huge dividend hike (though that would always be welcome as a "special dividend" if there is excess cash).

[philjeans] 29/9/2014 07:41

I like this part; Tom Winnifraud won't though!

"Media comment on Chinese AIM companies

The Board is aware of a number of recent media articles written on Chinese companies currently listed on AIM. These have mainly been in response to fluctuations in dividend payments and concerns on the commitment of those companies to AIM. The Board believes that this media environment has had a negative impact on the Group's share price.

The Board notes that Camkids is different in terms of product range, target market and competitors profile from these companies and considers that it should be considered on its own strong fundamental. Camkids, as the leading brand in the children outdoor segment in China, is quite different from companies operating in the much more competitive performance shoe market, and adult market. In essence, Camkids is an aspirational lifestyle brand dedicated to children.

Camkids remains committed to its AIM listing and the executive management team of the Company will be visiting with institutional investors in London during the week of 6 October 2014."

[danieldruff2] 29/9/2014 07:35

Exceptional investor relations to answer all points raised.

[philjeans] 29/9/2014 07:34

Great results - no skeletons - very reassuring.

Shorters will be roasted!

LOL!

[graham1ty] 29/9/2014 07:23

And a specific comment on debtors, no bad debtors, no change to payment terms.....unlike others

[qs99] 29/9/2014 07:23

Yup interesting read and trying their best to answer all their critics. Increased divi helps as well IMO

[graham1ty] 29/9/2014 07:18

Those results read well. Divi paid. Cash at Market cap. Board flying over to reassure. Specific statement re Listing. No sudden mysterious capes.

Sure there will be cynics and sure this will not be properly valued for years.....but progress anyway. Hope some small uncoupling from NBU.

[mrmark01] 26/9/2014 11:21

Not long to wait now... Boom or bust on Monday!!!

Being long - Im really hoping its a positive statement...

[chevalierdaven] 25/9/2014 18:11

Helmstro, you should check Keck Seng 0184 trading in HK for instance. worth the detour!

[sharpish] 25/9/2014 11:02

Only reason Im still interested is due to the Mello investor evening back in Feb where Naibu didnt show up but Camkids gave a good account of themselves. Maintaining or raising the div would go a long way to improving sentiment, they must be under considerable pressure to do so at this point.

[helmstro] 25/9/2014 10:56

Hi Chevalierdaven, which other "honest Chinese companies with long listing history " do trade at these valuation metrics? probably not that many ; besides size doesn't guarantee the company is honest (sino forest?). In that context camkids might not be a bad punt (small size though). With all the negative noise it could pay handsomely to be contrarian, especially ahead of the results next Monday.

[chevalierdaven] 24/9/2014 09:52

link to the Bloomberg article - they found the CEO, he had lost his mobile,he just borrowed money for his personal use. Plenty of other local companies in distress too. No harm done hey?!

[caradog] 23/9/2014 08:02

Here is a link to the BBC report on Ultrasonics. Note that it isn't the first time that the CEO of a Chinese company listed in Germany has gone AWOL with the cash.
(I am not implying that Camkids management is similarly dishonest).

[edmundshaw] 22/9/2014 20:47

You missed out "in my opinion"... it is just your opinion. Which is fine. But that doesn't make it factual.

[chevalierdaven] 22/9/2014 16:19

Even if they maintain dividend, it would take a very brave(?) man to initiate a long position on Camkids after the constant flow of very bad business news (labor shortage, recession, inventory issues, competition, creditworthiness of customers down, etcc), suspicious selling of early IPO holders at crazy prices, and outright frauds/scams unraveled in Frankurt, Singapore and the like on the rivals of CAMK from Fujian province and especially Jinjiang city.

Even as a punt, CAMK should be avoided, there are plenty of honest Chinese companies with long listing history and public filing, trading at deep value metrics, with way bigger market caps and true moat.

The CAMK risk reward is not even attractive at this level as the probability of fraud is sky high indeed (red flags all over). It just does not make any more sense to be the only buyer out there in this context.

[edmundshaw] 22/9/2014 14:46

I'd expect dividend maintained or slightly increased. They have a policy of increasing dividends, but of course if trading is not growing as fast as expected holding it would be just about acceptable (though a small increase based on optimism for the future would be FAR better for their reputation and the share price).

No reasons (c.f. Naibu) to drop the dividend. That would be asking for trouble, and would make them look as dubious as the really poorly run or dodgy chinese companies. An ideal opportunity to differentiate themselves from the rabble, in fact.

[nashwan123] 22/9/2014 11:35

Id expect trading slightly up as internet sales slowly start up an dividend maintained.

[nashwan123] 22/9/2014 10:01

Investing is a bit of a gamble full stop. Tom and co make claims about shenanigans about AIM but just look at Tesco's today. They are not even Chinese!!

[mrmark01] 22/9/2014 08:46

Looking forward to next Monday then... Hope this comp doesnt let me down!!!

[caradog] 22/9/2014 07:54

First Naibu, now China Chaintek have today cut their dividend despite having, according to the accounts, plenty of cash.

[nashwan123] 22/9/2014 07:41

There it is the RNS confirming interims next Monday 29th September!