Geong Share Discussion Threads

[davidosh] 20/5/2013 16:31

Do not worry....nothing is ever simple or what one expects at Geong !!

I am advised that it should be tomorrow.

[zangdook] 20/5/2013 16:28

But why would a Beijing-based company name itself after a transliteration of a Cantonese name? It's a bit like a British company calling itself Antonescu or Papadopoulos.

[buetowa] 20/5/2013 16:10

zangdook - Here's a potential candidate...

[zangdook] 20/5/2013 15:57

Has anyone figured out how to pronounce geong yet? It's not Chinese, I can tell you that.

[esmith3] 20/5/2013 15:33

The Company intends to provide a full year trading update on 20 May 2013 with the results scheduled to be announced during the second half of July 2013.

[sir rational] 06/5/2013 18:47

Thanks guys.

[davidosh] 03/5/2013 11:25

Do not panic about leverage as this is not an issue with this one and is part of a much much wider portfolio of fully paid for shares. I totally agree though that investors should be very mindful of leverage if using spreadbets.

If I were to sell any of these it would have to be done in the market as Spreadex hold the underlying stock and are unlikely to want to hold on to it for their own account if I wish to sell. I am not a trader so we shall see what the next year or so holds for us.

Just as a point of fact. According to my records I am not personally over 3% and had stayed just below the notifiable level but it appears they have another client and that person buying took them over 3% as a company but the actual notification was the first I knew about it. I have asked for clarification as clearly if I had needed to notify then I would have done it in my own name not via Spreadex.

[evaluate] 03/5/2013 11:10

It's the same thing.

There are no trading advantages to spreadbetting as they (the spreadbetting company)take a corresponding position.

Advantages are all in leverage (a double-edged sword with sharp edges) & tax.

[sir rational] 03/5/2013 10:32

David could you kindly answer a question. With spreadbets, how easy is it to liquidate a 3% holding in a tiddler like GNG? Ie with real shares you would drive down the price enormously and it would take days. Is it the same with spreadbets? Or do they offer you a price and you can get rid of 3% in one fell swoop?

[davidosh] 03/5/2013 10:17

Nothing is certain in life but hopefully there will be tax advantages of creating a loss, adding to ones holding and setting up a bet in Geong at this level.

[zangdook] 03/5/2013 09:43

3.01% - seems rather deliberate.

[mudbath] 17/4/2013 12:24

Those terrible twos.We knew they would show !
Next,"It's one for the money".

[mudbath] 13/4/2013 12:28

Are you inferring that investing in GNG might lead to castration and death(of that portion of ones portfolio)?
Someone seems to think so.

[sir rational] 12/4/2013 14:06

Tin hat & titanium balls required f ;-)

[fillipe] 12/4/2013 10:42

GNG being bought today

f

[valhamos] 28/3/2013 20:34

Always worrying when they can't spell "principal" (RNS has "principle") :)

[rivaldo] 28/3/2013 16:08

Excellent points made above. On first speed reading I failed to take in the point about the CULS being convertible "at any time" rather than simply if the loan stock wasn't repaid by the due date. The new arrangement is absurd and leaves shareholders (including the directors - assuming they aren't linked to Hanafin in any way) open to ridiculous levels of dilution for peanuts.

The CULS should be repaid immediately, end of story. If Hanafin does get its hands on any shares then explanations will be necessary - particularly from the non-execs.

[philjeans] 28/3/2013 15:58

As usual; an opaque RNS with more questions than answers - typically Chinese.

It stinks.

[odvod] 28/3/2013 15:01

Is there such a thing as a "general AIM long term cyber attack coming out of ..."? Ups, not cyber...

[sir rational] 28/3/2013 14:59

Nothing wrong with a bit of gallows