China Wonder Share Discussion Threads

[monis] 05/4/2011 13:46

Present market cap £4.14m significantly below present cash levels. imo dyor.

[monis] 05/4/2011 10:55

matt- probably a question for the management?

tick up on the bid.

[mattjos] 05/4/2011 10:48

if they don't have the capital for a packaging company then how do they have the capital for an engineering business?

[monis] 05/4/2011 09:48

another buying opportunity here on the shake imo.

[monis] 05/4/2011 09:34

Nice tick up but still undervalued on cash alone.

[monis] 05/4/2011 09:25

oil producer?

[jamesmaggs] 05/4/2011 09:08

monis why are you re-posting my link this is a 45-50p stock on cash alone plus listing and possibble acquisition news.im hearing they have identified an oil producer in the middle east.££££

[monis] 05/4/2011 08:57

tick up but long way to go until true value imo dyor.

[monis] 05/4/2011 08:49

Presently still undervalued on cash alone plus then there is the business acumen of the major chinese shareholders and potential contacts plus the london aim listing - these imo should be worth substantially more than todays price. imo dyor.

[moneybags] 05/4/2011 08:45

The buyers are out there this morning, Just not many shares to go around.This one has never been a share where you can just phone up and buy 100,000 shares.

Regards , Moneybags

[monis] 05/4/2011 08:18

jamesmaggs - 4 Apr'11 - 16:38 - 1667 of 1671

Could double tomorrow!


China Wonder

BY: Andrew Hore | POSTED: 04/04/2011 |

China Wonder is selling its original packaging machinery business and becoming a shell with more than £5m in cash.

Jersey-registered China Wonder is selling Jinzhou Wonder Packaging Machine Co for RMB33m (£3.14m), with RMB28.05m (£2.67m) paid on completion. Up to RMB4.95m (£471,000) will be held in escrow to cover any breach of warranties and indemnities for 12 months after the disposal. If the cash in escrow does not cover the damages claimed then China Wonder will have to pay the rest. The maximum liability would be RMB10m (£952,000). This does not include any warranties relating to taxation.

China Wonder says that it could not provide the required working capital for the packaging machinery business.

Assuming full payment of the cash in escrow the net proceeds will be £3.11m.

Last year, capital equipment manufacturing business Creative Legend was sold to Friend Birch for RMB30m (£2.78m).

That means that China Wonder will have cash of RMB57.5m (£5.48m), including cash in escrow. At 19.5p a share, up 2.75p, China Wonder is valued at £3.51m.

Management says that it will look to buy engineering companies with a particular focus on China. If the new investing policy is not agreed by shareholders the company will be wound-up.

Mark Chapman is staying on as chairman. Qiang Hao and Roberto Lima will also stay on the board.

© 2007 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

[monis] 05/4/2011 08:15

Undervalued imo dyor on cash alone plus the expertise and contacts to make any new business a success imo.

[monis] 05/4/2011 08:06

Undervalued on cash alone here now imo

[moneybags] 04/4/2011 21:40

This could be interesting.If this had happened during the Dot.Com era, the share would have gone up a Zillion % in 48 hours....!

Cash cow and all that.

Regards , Moneybags

[monis] 04/4/2011 16:41

This could move up substantially in the morning imo.

[jamesmaggs] 04/4/2011 16:38

Could double tomorrow!


China Wonder

BY: Andrew Hore | POSTED: 04/04/2011 |

China Wonder is selling its original packaging machinery business and becoming a shell with more than £5m in cash.

Jersey-registered China Wonder is selling Jinzhou Wonder Packaging Machine Co for RMB33m (£3.14m), with RMB28.05m (£2.67m) paid on completion. Up to RMB4.95m (£471,000) will be held in escrow to cover any breach of warranties and indemnities for 12 months after the disposal. If the cash in escrow does not cover the damages claimed then China Wonder will have to pay the rest. The maximum liability would be RMB10m (£952,000). This does not include any warranties relating to taxation.

China Wonder says that it could not provide the required working capital for the packaging machinery business.

Assuming full payment of the cash in escrow the net proceeds will be £3.11m.

Last year, capital equipment manufacturing business Creative Legend was sold to Friend Birch for RMB30m (£2.78m).

That means that China Wonder will have cash of RMB57.5m (£5.48m), including cash in escrow. At 19.5p a share, up 2.75p, China Wonder is valued at £3.51m.

Management says that it will look to buy engineering companies with a particular focus on China. If the new investing policy is not agreed by shareholders the company will be wound-up.

Mark Chapman is staying on as chairman. Qiang Hao and Roberto Lima will also stay on the board.

© 2007 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

[kombimatec] 04/4/2011 16:10

Current market cap 3.4m assets 5.2m, so that's about 32p per share I think and all cash

[curlly] 04/4/2011 15:37

so where is the share price likely to go from here?

[jamesmaggs] 04/4/2011 15:27

DJ China Wonder Sells Jinzhou Wonder For RMB33M

LONDON (Dow Jones)--China Wonder Ltd. (CWO.LN), a manufacturer of industrial machinery, Monday announced that it has agreeed to the disposal of its only trading asset, special packaging machinery firm Jinzhou Wonder Packaging Machine Co., Ltd., for RMB33 million in cash.

MAIN FACTS:

-If the disposal is approved by shareholders, China Wonder will become an investing company only.

-Shares at 1419 GMT up 1 pence, or 4.5%, at 17 pence valuing the company at GBP3.0 million.

-By Peter Evans, Dow Jones Newswires; 44-20-7842-9308; [e-mail]

(END) Dow Jones Newswires

April 04, 2011 10:22 ET (14:22 GMT)

Copyright (c) 2011 Dow Jones & Company, Inc.

[fangorn2] 06/1/2011 13:35

I've been watching this one from the sidelines. Quite a rise yesterday, still none the wiser although have to admit didn't investigate that far as there didn't seem to be any RNS issued.

[moneybags] 05/1/2011 14:26

What's the crack today, Anything going on.....?
I haven't heard of anything yet.

Regards , Moneybags

[curlly] 05/1/2011 12:59

here we go

[monis] 07/12/2010 12:28

metroelectric moving up again today on plus imo dyor.

[monis] 03/12/2010 14:48

news out today...


----------------
Metroelectric Plc
('Metroelectric' or 'the Company')

New Distribution Agreement and Granting of Share Options

Metroelectric is pleased to announce that Powabyke EV Ltd., its wholly owned
subsidiary has signed an exclusive distribution agreement with Jinzhou Wonder EV
Tech Co. Ltd, for the License to manufacture and sell the Company's electric
bicycles throughout the People's Republic of China (excluding the Shanghai
Province). The agreement can be terminated by either party giving six months
written notice.

Jinzhou Wonder EV Tech Co Ltd is a member of The Wonder Group of Companies.

Greg Collier commented:"'To have the Powabyke brand represented in a country
with an expanding economy and a population of 1.4 billion, which is so closely
associated with cycling, is an exciting proposition. The Wonder Group is well
resourced and we are confident that together we will successfully develop the
Chinese market. We also believe that the agreement will indirectly help protect
us from any future copyright infringement in the region."

Metroelectric is actively seeking further international partners to represent
the Powabyke brand worldwide.

Additionally, on 30 November the Board approved the grant of share options to
certain directors and employees of the Company. Share options have been granted
over 30,000,000 Ordinary Shares at an exercise price of 0.5 pence per share
("Options"), exercisable for up to five years from the vesting start date. 25%
of the Options shall vest at the end of each quarter of employment such that all
Options shall be vested one year after the date of grant.

The allocation of
Options to directors is as follows:

Number of Options Issued and Held
Mr Greg Collier Director 10,000,000


Mr Paul Rewrie Director 10,000,000

Mr Mark Chapman Director 5,000,000

Mr Nick Child Director* 5,000,000

*Nick Child is Managing Director of Powabyke EV Ltd (wholly owned subsidiary of
Metroelectric).

The directors of the Company accept responsibility for the
announcement.

--ENDS--