Geong Share Discussion Threads

[rhuvaal2] 05/8/2012 11:41

just remember = all the staff and directors paid big money during a fund-raising a few years back.... also, they don't pay themselves hugely and so it is not surprising that management are not filling their boots at the moment. Furthermore, the long-awaited 'top notch' Finance Director during his term of office seems to have made a pig's ear of the situation. I agree with Sir Rational..... could well be a better life to come = let's see

[rjd123] 03/8/2012 16:45

and some more I expect ...................

[hippo] 03/8/2012 14:44

about 4.6p................................

[rjd123] 03/8/2012 14:33

How much further can she fall?? Relentless!!

[sir rational] 31/7/2012 22:02

On my hols. Not sure we should write off this old dog just yet.

[simon templar qc] 31/7/2012 13:08

I awaited to see if directors would buy after resuls and they didnt't! That decided things for me! I just do not believe the story and seems most others don't!

[longsight] 31/7/2012 12:59

Imagine a portfolio entirely consisting of GNG, RCG, BSST & TAIH. Terrifying.

Having said that & having been a ferocious critic of the GNG story, GNG still looks like the only one with a credible business story - & really an unbelievably lo m cap now. Be great for holders if they do sort the business out & get growth & cash generation on track. [I don't hold / am not short]

[mudbath] 31/7/2012 09:31

Wounded animals seek a quiet corner in which to die.

[bbluesky] 30/7/2012 21:03

Rivaldo/Sir Rat - men/ladies or mice? Your silence is unusual here, though active elsewhere...anything to say?

[corrientes] 27/7/2012 20:46

GNG is quite clearly a Chinese charity sponsored by its UK shareholders, doing god's work there, without ever expecting to be paid. My only complaint is that I can't see it registered for Gift Aid purposes.

[blippy2] 27/7/2012 19:52

The company had better sort its cashflow out, or it'll be bankrupt. Receivables are now more than double revenues, which is completely absurd, and must be close to some kind of record. It's either bogus revenue, or incompetency on management's part.

[simon templar qc] 27/7/2012 14:59

I was watching to see if any directors would buy at this low price and as they haven't it doesn't look good.

[hippo] 27/7/2012 13:43

G2, at least your honest about it. Yes I don't hold out much hope for either of those companies.

[geheimnis2] 26/7/2012 17:28

lol only a small holding hippo

and yep - this is a complete dog

have written off GNG and PDX as disasters

if you are a high/venture risk investor such as myself, there will always be some.

[mudbath] 26/7/2012 16:23

PUR.
Money back if it does not treble from todays 4.5 pence !!
(and soon)
Mud.

[greek islander] 26/7/2012 16:07

Since I sold my last batch of stock the GNG share price has dropped dramatically so it was obviously a sensible move. What surprises me greatly, is how so many people continue against all the odds, to take the information spouted by the management as if it is fact.
Years of misinformation and kidology will not suddenly stop now. Management may have changed at the edges but the core of this company was bad and is bad and cost me and others a substantial loss. China has served me badly and it is a great feeling to have given up all my investments in this direction.
What the GNG and RCG experience has (finally) taught me is that I should tighten up my portfolio and avoid, in the main, speculative stocks. My current selection is 90% solid and has shown steady gains since I repositioned myself over the last 6-9 months. The stocks that are speculative which form the very small minority, are all down quite noticeably though one of them (Sirius - SXX) remains a great hope for a recovery longer term. Others, that I have small holdings in, which were brought to my attention as huge potential multibaggers, show dramatic drops. That says everything about investing on the LSE.

[simonv9] 25/7/2012 19:50

Yes, it seems to be an ideal time for share buybacks. I actually dipped a toe into the company today, and seem to have had the only trade of the day.

If there is cash in the bank account, then it presents some good value, assuming that losses don't mount up in future reports.

I know that a lot of trash has been spouted about this company, but I do get a sense that the management is quite conservative (although I am new to watching this company, so please feel free to correct me).

[geheimnis2] 25/7/2012 17:51

wierd company

you would expect some director buys at this level is all were well

or share buybacks etc

(i am a holder by the way, sadly)

[goliard] 25/7/2012 17:17

Completely agree. He does this on lots of threads sadly. The real shame is that as soon as he appears any intelligent investor walks away. Sometimes the stocks may actually be ok long term, but he just ruins the thread. If these guys really do have the cash they say they have then there may be value here, but in reality we just don't know and the business model looks pretty screwed now anyway.

[blippy2] 25/7/2012 11:32

@goliard I'm actually puzzled as to what his game is. I mean, on a PER of about 2, if one thought the company was any good - which I don't - surely it wouldn't need ramping?? If he has taken a loss (and who really knows what his trades were), then I'd say that it couldn't have happened to a more deserving guy.

[goliard] 25/7/2012 09:35

He has sold and moved on to his next corpse. Good thing is that he must have taken a pretty nasty loss!

[yasz] 24/7/2012 08:50

Where's Ranger Wet Pants today ? - Having a day off from the pump and dump.

[tiltonboy] 24/7/2012 08:47

Where's the dreamer gone? I'm missing our little chats already.

I wonder where he will turn up next and under what name!

[simon templar qc] 24/7/2012 04:15

In more detail..

"In contrast to 2011 when we incurred a sizeable exchange loss, we benefited
from an exchange gain of GBP644,000 arising from the translation of year-end
assets and liabilities held in RMB and USD into sterling. Sterling depreciated
by 1% against the dollar and by 4% against the RMB. "

Excluding exchange gain of 644k the company would have made little profit!