Geong Share Discussion Threads

[bbluesky] 20/9/2012 22:05

Any views from "You were probably competing with me for stock at 4.5p or so :o))"?

[rmillaree] 20/9/2012 09:01

To say the communication to shareholders coming from this company is terrible is an understatement, its all cryptic wishy wash talk glossed up to sound the best they can make it. Surely shareholders deserve some honesty not continual useless drivel.

Are they currently profitable? - has there been any change in profitability expectations- no idea does the company have a clue? its first thing i want to know when i see new news.


Talk about growing business when turnover has been declining and they mention "slowdown" 2 lines later. If turnover is reducing you aint growing face facts.

What about an update on the big wad of cash they should be getting about now/soon - would have been nice - £3 mill in the bank would have helped.

Some idea of where the cash has gone would have been nice - presumably increase in debtor days.

I struggle to comprehend how the effective debtor days can still be increasing - although to be fair to the company they did state accrued income would continue to rise a while back so the warning was there.

Is there more cash frittered away on intangible assets that may never provide a return? £1 million last year with virtually no comments as to what benefits this investment will return.


Surely shareholders would be better served by someone in charge who could be honest,frank and open.

All imho

[hugepants] 20/9/2012 07:52

They had £7.3M at the same time last year.

[stegrego] 20/9/2012 07:44

Means they have 4.7 mill.

Much of it is probably lost down the side of the settee though...

[rivaldo] 20/9/2012 07:43

Janeann, it means that GNG have £4.7m gross cash and £2.2m net cash after taking the convertible into account.

[janeann] 20/9/2012 07:39

.... Company had a net (ie after taking account of the £2.5 m of convertible
unsecured loan stock) cash balance of £2.2m as


what does this mean? are they 300k in debt?

[geheimnis2] 19/9/2012 21:14

Lol seems to be thriving ratty

Let's face it - you ain't the savviest investor in town

;-)

[sir rational] 19/9/2012 21:07

What's Blnx? Thought that went bust a long time ago

[geheimnis2] 19/9/2012 21:04

At least you are honest ratty

Doubt anyone will manage to sell for a profit though

Hopefully I won't see you buffooning on the Blnx board this Friday...

[sir rational] 19/9/2012 21:01

I imagine it means anybody who can sell recent buys for a profit/BE WILL sell recent buys for a profit/BE and this old dog will double bottom until we get H1 in 3 months' time.

[geheimnis2] 19/9/2012 20:51

Hmmm

Any comments on the agm update, ratty?

;-)

[greengiant] 19/9/2012 18:52

So cash dropped by another £600k?

gg

[shanklin] 19/9/2012 18:44

Blimey, that is an incredibly uninformative AGM statement and rather surprised its been issued at 18:24.

I hope shareholders get the opportunity the ask the Board how the company is actually getting on.

[smicker] 18/9/2012 09:37

Just sold what i had and got 7.65 when i expected 7.5. Will wait until after Thursday and reassess

[sir rational] 17/9/2012 16:07

That Fib chart tells a story - increasing confidence post Thursday 20th September's AGM statement will give the share price a lift IMHO.

We just need some concrete information on receivables getting collected combined with an update on how H1 has gone.

[battlebus2] 14/9/2012 19:06

How many eyes have you got then G.I. ;-))

[greek islander] 14/9/2012 19:03

After I got out of GNG I also got out of RMP. Both then dropped through the floor only to recover. RMP has now dropped all the way back. Thus justifying my sale. GNG is still after the last few rises less than 50% of the price I sold most of it at. I remain on a watching brief.
Bit like keeping an eye on an old girlfriend.............

[sir rational] 14/9/2012 16:22

Thursday 20 September

Interims: BrainJuicer, M&C Saatchi, Moss Bros, Sphere Medical, Tawa

Final: Ricardo

Trading statements: Imperial Tobacco, Porvair, United Utilities

AGMs: African Copper, Best of the Best, Games Workshop, Geong International, NCC, NWF, SuperGroup, Trifast

[sir rational] 14/9/2012 14:09

Almost impossible to buy in any decent quantity - which is a good sign IMV.

You have to leave a buy instruction with your broker at a decent premium to the offer and leave them to go away and do their job.

[nilip] 14/9/2012 13:54

Afternoon all.

This one's caught my eye again, offer @ 8p now - Looks like we're heading back into double figs.

Agree that GNG has been very leaky in the past, which is not good of course as it entails we're seeing some insider activity, hence the rise off the lows. Ignore or buy ?