Geong Share Discussion Threads

[marth] 14/9/2012 12:29

Surely there must be encouraging news - this can't all be down to your doodles!

[sir rational] 14/9/2012 10:27

GNG always was leaky as an old sieve ;-)

Decent news coming with the AGM statement, I reckon

[sir rational] 13/9/2012 18:48

The US central bank said it will buy $40bn (£25bn) of mortgage-backed bonds a month to stimulate the housing market and keep long-term interest rates low.

Short-term interest rates will be held at the record low until the middle of 2015, a move the Fed hopes will force investors to buy riskier assets.

[sir rational] 13/9/2012 18:24

So far on track

[sir rational] 13/9/2012 12:43

Soon be in profit at this rate, Davidosh

[smicker] 12/9/2012 17:07

Stegrego,
thats why i used the term honest effort. Surely there has got to be some way of satisfying shareholders that the receivables figure is genuine and likely to be paid.

[stegrego] 12/9/2012 16:52

Directors have been met UK investors several times before, but that didnt stop this debacle.

In fact it just suckered people in more.

[smicker] 12/9/2012 14:46

Sorry, i didnt mean it that way. I'm overseas so i wouldnt be able to make a meeting but the investment case here IMO is a matter of trust in the directors and anything which indicates they are making an honest effort to communicate with the shareholders would encourage me to make a more significant investment.

[sir rational] 12/9/2012 13:45

Give him a chance! ;-)

Expression of interest here as well but I need as much notice as possible, pls.

[smicker] 12/9/2012 13:23

davidosh,
In a previous post you stated that you hoped to arrange a presentation and in your next post you mention "with the ability to question management at an alternative date to the Agm". Has the presentation now been agreed to by management?

[smicker] 12/9/2012 10:03

FWIW the trades showing as sells at 5.8 are buys

[davidosh] 11/9/2012 20:36

Well the auditors have verified the figures, the cash and the quality of the debtor book which I understand to be mainly with very slow paying but blue chip companies. At this level and with the ability to question management at an alternative date to the Agm I am prepared to take an educated risk on shareholder value coming through within a year or so.

The directors are not visibly taking large amounts out of the business and have significant stakes so pride and committment should not be a problem either. Basically the risk/reward looked heavily stacked in my favour at 4.7p so I made my move. I am certainly not in a concert party but a good few others seem to have come to the same conclusion.

We shall see how it pans out but I would certainly appreciate keeping the discussion here sensible

[stegrego] 11/9/2012 18:28

I can only think that the stuff going on behind closed doors has revealed things that aren't currently in the public domain. Either that or gamblers anonymous are having a day out ;)

[stewjames] 11/9/2012 17:31

Why are you topping up? The business looks to be in terminal decline and the already dubious profit figures (if you're unable to collect a significant portion of your debts, then it shouldn't have been called a profit in the first place IMO) are slipping toward a loss. The discount to NAV obviously appears ridiculous, but what's the out? How are you expecting to see any of that value given that this is a Chinese company and they do not seem to be big on shareholder returns?

[rivaldo] 11/9/2012 14:43

Davidosh, good to see you topping up so heavily. You were probably competing with me for stock at 4.5p or so :o))

[sir rational] 10/9/2012 16:24

Good stuff, thanks.

#Highlyrespectedinvestor

[davidosh] 10/9/2012 16:04

I will admit to having tripled my holding in the last three days. At least my avg price is now in single digits so hopefully I will see a profit at some point. I also hope to arrange a presentation with management in the coming month as clearly nobody investing from the UK is likely to attend the Agm.

[fillipe] 10/9/2012 15:08

GNG - can only buy max 25k online, quote and deal.....best offer was 5.9p.

f

[sir rational] 10/9/2012 13:58

AGM convened to be held on 20 September 2012 at 9:00am UK time.

We could hope for a bit of an update along with the AGM.

[sir rational] 10/9/2012 13:53

No shareholding RNSs, I suppose

[rivaldo] 10/9/2012 13:46

No teasing, just asking a question :o))

Don't presume as to the actions of PI's here just because they haven't been posting.