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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Geong | GNG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 1.625 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1.625 | 1.625 |
| Top Posts |
|---|
Posted at 14/4/2016 13:19 by augustusgloop Couldn't help laughing at this in the Daily Telegraph - talking about China's problems"The average payment to suppliers has been stretched to 72 days. "The broad and marked run-up in payables debt throughout supply chains strongly suggests widespread and rising corporate stress," it said." -------------- LOL - stretched to 72 days. GNG were claiming that it averaged about 4 years = 1,460 days. And that was after they delayed sending the invoice for a year. And these were supposed to be mostly the big banks. Somebody was telling porkies. |
Posted at 28/9/2015 09:28 by mudbath Do we know who is carrying out the audit which is finally persuading GNG to provide investors with a semblance of the truth?Digging a little reveals that CEO Wang and several GNG shareholders control a Hong Kong outfit called Udo Media Investments. Knowing China,who is to say that their is not even more dirty work afoot. And Hanafin themselves,who are they ? Come in rivaldo,the country needs a saviour. |
Posted at 25/8/2015 06:24 by roofer2 Gng promised so much, yes I lost a lot of money here but hey carnt win them all,at Friday's closing price, 5p a share is a good T/O price but I feel for those holding from 6yrs ago, thinking GNG would be paid for some or all there works. In my mind it's bedn one big con trick, never again will I invest or trust Chinese R2 |
Posted at 22/7/2015 19:33 by mudbath What convinced me that GNG was a duffer was when Stuart Lane signed up as a non exec but then left quite quickly.SL is reputably pretty sharp and additionally knew the Chinese market. If he saw nothing to go for then GNG were bereft of promise. "At 61, he is full of energy, describing the City as a place with ‘a huge buzz’. Aside from Northland he is a non-executive director at AIM-listed Geong International (LON:GNG) and is also on the board of China-based Shigo Asia – the world’s largest blanket manufacturer. He starts work at just after 7am, lives in Cambridge and has a house in Italy. Apart from his three children, Lane’s hobbies include shooting, golf and walking." He shoots birdies rather than dead ducks. |
Posted at 22/7/2015 19:01 by njb67 I held here some years ago, when Chinese stocks were in vogue. Lost money on this one.At the time I thought that GNG was a credible investment case. In time, I realised that it was at best a plausible story and ultimately that it was a bad investment. I have kept this on my watch list, in part out of morbid curiosity, and as much a reminder to myself to really do the due diligence before investing. I have three major concerns, each one of which makes this a non-starter. I have seen nothing over the years to suggest that the management can create shareholder value. While they have re-positioned the company more than once to exploit the evolving market, I have yet to see real progress on any of these strategies. I am not convinced that they have a business that they can grow consistently over time, there does not seem to be the demand for their services. I am also not convinced that they will ever see much of the monies supposedly owed to them from their clients, the debtor levels are extraordinarily high and show no signs of reducing materially. Hope useful |
Posted at 01/7/2015 12:53 by rivaldo Good to see the CULS extended satisfactorily again, and that a year end trading update will be issued in mid-July, i.e presumably the next 2-3 weeks: |
Posted at 23/6/2015 08:41 by rivaldo Had a good chuckle myself (and a double-take) when I read his name :o))Tsui's been at GNG 3 years, so for someone who moves around a lot he's done a decent stint, and this timing should mean he's almost completed the year end and audit work and dealt with the CULS extension properly. Hopefully there'll be a year end trading statement in the next few days combined with notification of the quarterly CULS extension. |
Posted at 20/5/2015 16:16 by mudbath Does Geong use the Hanergy business model,which would explain why an earlier RNS from GNG mirrored one earlier.If the RNS writer has gone missing,what else could they do. This is possibly what spooked the market this morning. |
Posted at 10/4/2015 18:47 by bbluesky And put it into GNG or buy the numberplate GNG 1 and insist that the payment is by tradition nothing for the first five years and then spoldge. Chinese indices have turned and ACHL is a taste of what is to come? Sir Rat time for an electric bike, you can do SouthDowns way etc. Ever seen how fat most bus drivers are? |
Posted at 08/4/2015 08:48 by augustusgloop rivaldo,LOL I act within 5 mins. The average GNG creditors take over 5 years. SR, do you know of anybody else that IBM take 5 years to pay? |
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