Camkids Share Discussion Threads

[mrmark01] 29/9/2014 09:57

Thanks spob.

How is L2 looking anyone? Buys seem to be overtaking sells?

[qs99] 29/9/2014 09:54

Fair point Chevalierd....as I say, these are not for widows and orphans...but at least they have (unless they are lying obviously) cleared the "take off AIM" and shaft shareholders point.....let's see....all points noted for which thanks.

w/c 6 Oct IR road show will be the interesting week. Either City buys it and buys in and share price goes up, or doesn't and reverse!

[philjeans] 29/9/2014 09:44

lol!

Close your Short ChEV Av quick!

[chevalierdaven] 29/9/2014 09:39

I would not infer anything positive from the supposed cash pile. That would be quite a basic mistake and would grossly overlook the Chinese corporation specifics .

First, Chinese SMEs just have to hoard cash to be able to do any business with suppliers, because very few have access to bank funding. Only big SOE enjoy cheap loans. a big cash pile is just a pre-requisite for Chinese companies. Without the cash pile no business would be possible, companies would be deemed too credit risky.

Second, in case of bankruptcy, cash will stay mainland, CNY it not transferable abroad. Shareholders will not see a penny of recovery value. By no means is cash (assuming it exists) part of a margin of safety.

Third, even the smallest of transfer- like 2p for the interim dividend on the tiny number of shares concerned-so a very small amount indeed compared to 64p- poses a challenge, there are many admin hurdles to overcome with the SARFT and regulatory bodies before they can wire it offshore.

[qs99] 29/9/2014 09:38

Spob: i'm in the share as of this am early as looks really interesting, for a small piece, so have declared my interest. Maybe call me biased....but:

they are continuing to invest in R&D, re-fits, new shops, increased advertising / marketing to continue the growth. So I have sympathy in a very small reduction in the cash side of the divi, overrall divi is up if you go scrip. Personally I would not have made the reduction, but there you go.

the interesting thing for me here is the massive increase in cash flow from operations from H1 last year. Trade debtors are materially down as are trade payables so they haven't been collecting but not paying. Net cash is now 64p per share from what they say today.

let's say that again: 64p per share.....

And board have committed to staying on market...so I presume the investor roadshow they talk about w/c 6 october will be to hammer this home and get the share price moving....let's see.

not for widows and orphans....but interesting one and more so than the likes of NBU now, given metrics it has just delivered...IMO

[spob] 29/9/2014 09:18

The reason for doing this is it conserves cash

And they really need to do that, don't they ? ? ?

[philjeans] 29/9/2014 09:16

So yielding about 8% with M/C entirely covered by cash, and no debt!

Quality products doing well in the largest retail market place in the world and internet sales steadily growing from virtually nothing a year ago.

P/E less than 4 and a brit ned on board.

Bargain rating down here.

[mrmark01] 29/9/2014 09:16

Results look good to me also, but can someone please clarify. Last year’s interim divi was 2.3p cash. This year is 2.4p script 2.0p cash. So effectively a cut in the cash divi. But an increase in the script. What would be main reason for doing this?
Also the companies cash pile is equal to 64p a share… That’s madness…

[qs99] 29/9/2014 09:08

Yes indeed, not sure Alyo that you are right, until you produce your evidence on the basis of figures just released you are just spouting hot air mate. Looks a fascinating one and with management all flying in for investor roadshow, IMO this looks like a better bet than other Chinese stocks IMO!

[philjeans] 29/9/2014 08:48

Divi - UP TOO!

[swooped] 29/9/2014 08:33

He will not have read them, he will be typing whatever he can as he panics to close the short, the RNS reads well, in fact so far away from his comments, almost not worth responding but just for clarity;

Revenue - UP
Gross profit - UP
EBIT - UP
NET CASH - UP

AND A DIVI

[gary1966] 29/9/2014 08:27

So what are you seeing in the figures. I only saw profits up, cash up and encouraging outlook. They are facts in black and white, not interpretation or speculation. By all means tell me what you see in the figures as by your comments above you have clearly read them in great detail.

[alyo] 29/9/2014 08:24

Buy and lose all your cash in this Ponzi scheme . Do investors bother reading the figures these days? Or just the baloney what the CEO says?

[alyo] 29/9/2014 08:22

Keep buying then. Top up at 54p. Easy money as they say ???

[edmundshaw] 29/9/2014 08:21

Shorters desperately trying to talk the price down as they try to buy themselves out at the lowest price they can, I guess. I almost feel sorry for them. Or... no, perhaps I don't. :-)

[swooped] 29/9/2014 08:17

lol derampers and shorters still don't get it, but they are in their pockets this morning

[philjeans] 29/9/2014 08:17

Great company - great results!

Figures tell real sory - not scare stories and lies from the shorter spivs!

[alyo] 29/9/2014 08:14

It seems they've tried almost too hard today to "reassure " investors. Pitiful.

[alyo] 29/9/2014 08:11

Brian, talk is cheap. Camk can say whatever baloney they want to gloss over the truth. You hit the nail on the head though Ashe figures don't add up.

[spob] 29/9/2014 08:11

All that wonga and they cut the cash divi ?

[philjeans] 29/9/2014 08:06

Shorters hurting now!

Jolly good you Chinamen!

[briangeeee] 29/9/2014 08:02

Cash divi cut, and now a differential between scrip and cash. Why, with all the cash, and with this share price, would they think it better to be issuing new paper. Something doesn't stack up surely?

CAMK have a better broker than NBU etc, but reading these results, I wonder why I feel the author is the same. The writing style and much of the content is so similar.

[swooped] 29/9/2014 07:58

Nice update and as I mentioned a while back the xenophobes will be proved wrong, nothing wrong with Chinese companies that isn't wrong with British one's each company is different and should be treated on it merits not it's nationality.

Nice update this morning, reads well

[nashwan123] 29/9/2014 07:56

The shorters probably made a couple of bob from scare mongering and will get burnt in the rush for the exit today. I predicted results would be today and that trading would be in line and dividend maintained based on available facts.I'm sorry Tom but your Sheriff's badge is looking a bit tarnished!