Ft Cesg Discussion Threads

[rivaldo] 19/5/2008 09:46

Hello chaps, finally bought some of these and more this morning.

Today's RNS means a minimum of 4p EPS last year. In addition CESG should have a forecast nearly £5m net cash on a £17m m/cap!

The historic P/E net of cash is therefore likely to be around 4.5 or so.

The current year P/E on the same basis - probably around 3.5 assuming EVO upgrade their forecasts.

Simply put, CESG is very cheap imo (though I believe GNG is the higher quality company and overall has the best prospects in the China League table). I think someone else on this thread made the comment that it would be interesting if GNG and CHNS were to merge...that would be a powerhouse and a half.

EVO have a very successful EVO Securities China subsidiary. If EVO can get some of their Chinese/Asian clientele interested in CESG it wouldn't take much to see quite a re-rating.

[philjeans] 19/5/2008 07:43

Excellent news; gotta be a buy at this bargain level.

[0rb1t] 19/5/2008 07:09

Trading update

China Eastsea Business Software Limited ('China Eastsea'), which provides information technology and business process outsourcing services, announces that it expects to report an operating profit ahead of market expectations for the year ended 28 February 2008.

China Eastsea intends to announce its results for the year ended 28 February 2008 toward the end of June and will confirm the date for release in due course.

Good so greater that 3.9p for this year.

[0rb1t] 10/5/2008 13:11

I've put a link to the chinese version of CESG's company website in the header. There's lot more information available.

[0rb1t] 10/5/2008 13:01

Beijing Pharmaceutical Group Information Systems Engineering



CESG are performing work for the pharmaceutical industry as well.

[0rb1t] 10/5/2008 12:54

Ningbo foreign trade, and other government leaders visited the East Blue Technology (March 24, 2008)

。 Recently, the Ningbo Foreign Trade and Economic Cooperation Bureau Yudan Cheng, the Secretary of Foreign Trade and Management Office of the Director of Yuyao, Yinzhou District, deputy head Wang Hongping, Yinzhou District of Foreign Trade and Economic Cooperation Bureau, Xu Yuan Secretary, and other leading his party allegiance 10 Jiang Jiansheng, general manager of several people in the inspection visit, accompanied by the East Blue technology, learn more about the East blue state of science and technology enterprises and scientific and technological strength, and given full recognition.

Subsequently, the Urban Council, Regional Council and the leadership that led to the complementary resources for how to achieve a win-win exchange.At the meeting, the Secretary to the company introduced the leadership of the Ningbo City and Ningbo Foreign Trade and logistics industries of information technology position and asked the East Blue scientific and technological advantages business, made a number of development proposals, leading the company for several proposals with the various leaders Conduct an objective exchange.

The exchange will be a harmonious atmosphere, the Secretary also said that East Blue technology as Ningbo City, the largest software enterprise, the project has many years of accumulated experience, for the logistics industry in Ningbo leap in the provision of technical support.

Jiang Jiansheng, general manager of interest is also interesting that, as enterprises in the formulation of development projects often lacked the necessary demand for information, similar exchanges will bring new business will give us inspiration and new ideas and new development.

City, district leaders have a higher perspective, we can bring valuable guidance, science and technology to benefit the East endless blue.
Finally, the Secretary and other leading you to the East Blue technology to a number of expectations, hope that we can scale new heights, and strive to play to its own experience of the technical personnel in the logistics industry can accomplish something.

[0rb1t] 09/5/2008 17:53

hi pec, Up till now has been a good time to accumulate as London Asia have been selling off their stake. I think any buying now will drive the price up.

I also intend to hold for some time. In the future there will be Chinese IT outsourcing companies to match the likes of EDS/CSC in America and TCS/Wipro in India. China Eastsea's stated vision is to be a global corporation that leads China in becoming a serious alternative to the Indian ITO/BPO market.

NB I see a 75K sale went through in the afternoon mopping up the earlier buys. Could be London Asia still.

[pec2004] 09/5/2008 17:15

I built the bulk of my Geong holding (~ 1%) in the early days, I have been buying these for the past few weeks in small amounts as I think they could perform in a similar way. (SP wise)

Now have a sizeable holding but again, want to get ~ 1% so I can tuck them away and forget about them for a few years.

[0rb1t] 09/5/2008 16:39

early days yet;)

[sa0705] 09/5/2008 15:58

orbit,

well done gld this is coming good mate. you deserve it.

[0rb1t] 09/5/2008 15:56

Nobody has been selling. You can only buy £200 online now.

[arthurly] 09/5/2008 15:29

I've bought a few today. The share price has come down quite a bit since I looked at them last, and good results should see this back in the 30's imho.

[0rb1t] 09/5/2008 11:22

This is an interesting article. It looks like the company has defined a standard for the workflow processes and management for petrochemical companies to follow. I think this demonstrates the leading position CESG has in this industry. Also their own ERP software is going to map to these processes so anybody wanting (or has to) follow this model will be buying CESG software and services!


"Project passed the check made by expert team of national innovation fund

8 Apr. 2008

On 28th of March, the national innovation fund project -- "Production management component platform facing small & medium size petrochemical enterprise", which took company two years, passed the check made by expert team.

ESSE Tech. proposed an idea to describe petrochemical enterprises' production management from organization model, function model, data model and process model according to petrochemical industry's features and comprehension about petrochemical industry. The company fully utilized the experience accumulated from informationization construction for petrochemical industry. It summarized the business features of small & medium size petrochemical enterprises and combined the advanced management model of Chinese excellent enterprises and common production management business model of small & medium size petrochemical enterprises.

In the checking process, our company stated firstly the situation of the project including funding, technology, benefits etc. Then, the manager of this project described the details about the project and the application situation and extent of advance in technology field. Every expert asked questions about finance, technology and made some suggestions. Finally, experts discussed and marked about the project. Our company's national innovation fund project achieved the standard and succeeded in checking. "

[0rb1t] 09/5/2008 11:14

New customer for CESG. Looks like it has been translated from Chinese but basically says that they have sold them ERP software and the consultancy for its implementation and integration:

"The integrated information platform construction project from MCC

17 Apr. 2008

MCC Capital Equipment Technology Ltd. plans to construct enterprise IT foundation facility and application facility for company's production, operation and management requirement when building the factory. It includes enterprise information system machine room and related facility, network system, ERP system, MES manufacture implementation system and integrated information management platform.

BHH won the bid of integrated information platform construction project relying on its excellent integration ability, service support system and accumulated experience from project management. BHH will fully use its experience in large enterprise integrated information platform construct to do the construction project and satisfy MCC Capital Equipment Technology Ltd.'s requirement on operation management and information services.

BHH doesn't only focus on this project but also hopes to build deeper strategic cooperation relationship with MCC Capital Ltd. It is going to contribute to MCC Ltd.'s informationization by BHH's IT capability and experience. "

[0rb1t] 09/5/2008 11:08

Hi capt, I think that London Asia may have finally finished selling. The last big sale was on the 24th April.

[0rb1t] 09/5/2008 11:04

There sectors should provide them with many large contracts with recurring revenue from higher-credit worthy customers. Especially as they have a strong foot hold in the Ningbo development region.

The Mayor of Ningbo visited their premises recently:

"On 7th of April, the general manager, Jiang Jiansheng and vice general manager, Yu Hong gave a reception to Mayor of Ningbo, Mao Guanglie and secretary of district committee, Shou Yongnian with other leaders in Ningbo. Mayor Mao and secretary Shou asked situation about ESSE tech. All of the leaders gave a positive evaluation to our company when they knew the success of our company in BPO and petrochemical informationization field. They encouraged us to keep the advanced position in this industry and be active to develop in new field.

Afterwards, the general manager, Jiang Jiansheng made an introduction about ESSE technology Ltd. to government leaders. He introduced the company's background of development, the services provided, achievements and future objectives. That was a detailed introduction about our company's history and plan about future. The leaders hopes that ESSE tech. can grasp the chance of fast development of Ningbo and prepare for future development. "

[capt bligh] 09/5/2008 10:58

One of my better timings ...I suspect a few lurkers have been waiting for the bottom.

[woracle] 09/5/2008 10:53

I dont take any note of price targets from Anal cysts..they are meaningless. But fundamentals are sound, thats why I am started to buy. Like their customers sectors too.

[0rb1t] 09/5/2008 10:48

Evolution price target was 40p. It's probable that their estimate leaves room for it to be beaten. So these are still nearly half-price.

I decided to buy my last amount this morning (30000 @ 23p). Who else is buying this morning?

[woracle] 09/5/2008 10:46

Just had a punt. No stock around at all.

[capt bligh] 09/5/2008 10:22

At last this looks like the end of the beginning, I am hoping results see us a bit north of 4p eps, the Evolution note was after year end (feb) so they should have had fairly up to date info.... So well cashed up ( that increased 10% in pound terms over the year just on currency strength), buyable at pe circa 6 and growing like stink.

[capt bligh] 08/5/2008 16:52

I agree...historic pe 7 coming down to 6 or less in July

[pec2004] 07/5/2008 22:46

Smart money should be loading up on CESG.

I`m doing so until I have 1% of co at these daft levels.

[0rb1t] 07/5/2008 08:27

From the company's website:

BHH won the bid of network expanding project from Beijing Gas Group Ltd.

21 Apr. 2008

Recently, BHH won the bid of network expanding project from Beijing Gas Group Ltd.

The content of this project includes network system planning design, the network system integration of headquarter of Beijing Gas Group, integrated network cabling and system integration of 48 subsidiaries, completing group's finance network (from 54 companies up to Beijing Enterprises Group Ltd.), implementing safe, reliable, stable, efficient group finance network by related technology method. It will completely meet group finance information system's operation requirement and make a steady foundation for the infomationization of Beijing Gas Group.

Beijing Gas Group Ltd. is one of important customers of BHH. They have kept cooperation since 2004. This network expanding project will reinforce the cooperation relationship of both companies.

[capt bligh] 02/5/2008 09:44

slapdash... the purchases they made while in PLUS were done on extraordinarily good terms and chinese currency has also moved to radically improve £ profits