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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Geong | LSE:GNG | London | Ordinary Share | GB00B1570688 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.625 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
27/3/2013 00:53 | It is nearly three months since the payment date was missed and still no further update.... The Company announces that payment of the interest amount due on 31 December 2012 under the CULS was late as a result of unexpected delays in the granting of approval by the State Administration Of Foreign Exchange of China ("SAFE") for the transfer of funds. Payment, which was still being processed on the due date, was made on 15 January 2013. In 2011 there was a trading update in February. In 2012 there was a trading update in February. In 2013 we get absolutely nothing but negative news and no update whatsoever ! When I met management in late October last year I said that communication with shareholders and regular updates on the financial position and collection of receivables was crucial to rebuild confidence. I do not know why I wasted my breath nor why I added to my holding even at distressed levels !? Frankly communication and concern for shareholders seems a very low priority here. The directors should come back to the UK and explain what on earth is going, going on at Geong !! | ![]() davidosh | |
26/3/2013 22:41 | Bought in here today. Long term potential recovery prospect at this price. | ![]() sefton1 | |
26/3/2013 20:29 | RCG is a Hong Kong-listed Hong Kong company, and that is a standard line on all HKEx news releases for all companies. | zangdook | |
26/3/2013 11:37 | Can one of the Geong uber bulls make a case please for investing in this company now that the market cap seems about to dip below £1million. Alternatively the header needs taking down. imo | ![]() mudbath | |
02/3/2013 21:10 | At the last balance sheet date this company had share capital and reserves of over £18m, nearly all represented by accrued income. The auditors did not qualify their report. Clearly the market thinks that barely a penny will be received and the company has done little to reassure. I sit on a committee which discusses developments in auditing standards, etc and the latest proposals are for auditors to state the risks that they identified and the materiality thresholds. However it looks to me that the market doesn't really give a toss because it makes its own mind up. It would be a brave investor who places a big bet on this now. | ![]() backwoodsman | |
02/3/2013 20:35 | I think there are auditors who have some explaining to do | ![]() backwoodsman | |
01/3/2013 12:30 | SO,we can now buy at sub 4 pence. How long, I wonder,before the GNG share price descends into the terrible twos. Gravity,amongst other factors,seems to be beckoning in that direction. | ![]() mudbath | |
25/2/2013 10:45 | In the debts are genuinely likely to be collected and the 'bank balance' is real -- then surely an insider would be putting together a buy-out package. Under £2million for all that they say they have would be the bargain of the century - IF TRUE. | dingliwang | |
25/2/2013 09:18 | It looks as though an opportunity to buy into GNG at below 4 pence might be about to present itself. Form an orderly line please,and no pushing. | ![]() mudbath | |
20/2/2013 10:51 | The significant shareholders list was updated a few days ago. I don't know if there's been a change, mind. | zangdook | |
26/1/2013 20:56 | Hate to say it, but Papalpower aka prolenses aka pro whatever was correct about certain aspects of Chinese shares. Ie you just cannot trust the Chinese. The more I read, the more I see that corruption and lies are the national pastime. All Chinese AIM listed businesses are uninvestible I reckon. If you are selling a service or software in China, don't expect to be paid for it after delivery. Physical goods aren't so bad but you need to get payments in advance. | ![]() stegrego | |
26/1/2013 12:12 | If the Hanafin loan is repaid from existing "cash" I think this will be positive for the share price. This loan has a coupon rate of 7% so interest charges of £175k will cease. Also the prospect of repayment in 2014 has had a depressing effect on the share price. Who knows they may put more effort into collecting outanding debtors, to replace the cash. Lets see!! | tradeit4 | |
25/1/2013 15:18 | It would be interesting to meet up with the ex-FD again to see how his story's changed from last time. | ![]() briangeeee | |
25/1/2013 14:00 | Only saw this as a result of it being top of the losers board but I do remember some time ago having difficulty deciding where to invest, here or RCG another chinese outfit. I opted for RCG but became totally confused by the information coming out of the company (smoke and mirrors is an understatement) so I got out at a relatively small loss. GNG on the face of it seems to have many similarities!! Sorry for those that have been caught. | heffermj | |
25/1/2013 13:55 | Lets be honest, a number of us here, guessed a number of years ago, that the debtors and cash balance were not quite right. I don't think there is anyone here now, who would argue the way people did then. | ![]() hippo | |
25/1/2013 13:52 | personally I think it is a way of making the cash balance disappear (that may not actually exist). When you look at the original deal and today's announcement it clearly is, as someone said above "fishy". | ![]() hippo | |
25/1/2013 13:41 | philjeans - customer deposits!!!??! Ha-hahahahahahahahah | ![]() edmundshaw | |
25/1/2013 13:35 | I wonder what the terms of the loan state. There may be a penalty clause on default, whereby they are required to repay capital along with a fixed sum relating to future interest payments. | ![]() briangeeee | |
25/1/2013 12:45 | Hardly unexpected is it? Great post eacn. No excuses for this, whatever the outcome. And yet people still seem to be buying.... One born every minute. I think the phrase is 'Lies, damn lies and Geong' | ![]() stegrego | |
25/1/2013 12:32 | looking at the accounts any accounts experts reading ? should the accrued income not be reported instead as deferred revenue, ie. a liability and not an asset ? (since not yet invoiced, and not able to yet invoice since contract not completed.......if Geong fails to meet the contract conditions then it cant invoice the contract payment...) (current assets situation does not look too good imo....current debts is similar to current assets (if remove the 19.8M accrued, and imo it is false anyway, since the cash is not held and can not be quickly obtained, so it is not imo "current" and can not be used to pay a current liability and should be listed as non-current asset) if the 19.8M is real, is there any risk that the a creditor could take over the company due to an unpaid debt (such as the one just declared) (perhaps a related party of the directors ?!)....getting rid of the shareholders and only then is the 19.8M reeled in.....(couldnt happen ?, over at OCH the dirs. tried a similar thing (and will continue to try to get as much of the assets as possible for themselves, in the winding up process), FSA, AIM regulator etc of course do absolutely sweet FA) | ![]() markt |
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