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GNG Geong

1.625
0.00 (0.00%)
14 Jun 2024 - Closed
Delayed by 15 minutes
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

Geong Share Discussion Threads

Showing 21401 to 21420 of 22250 messages
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DateSubjectAuthorDiscuss
22/8/2013
11:53
augustusgloop is a serial troll also known as elban, dingliwang and various other names. Anything he says should be regarded with extreme suspicion. Double-check before swallowing.
zangdook
22/8/2013
10:43
davidosh 21 Aug'13 - 23:29 - 21124 of 21124 0 0

Treacle32....august' posted at 17.44 when the markets had already closed. So not sure how you sold them after reading that post ??

LOL!

esmith3
21/8/2013
23:29
Treacle32....august' posted at 17.44 when the markets had already closed. So not sure how you sold them after reading that post ??
davidosh
21/8/2013
22:39
Thanks august' sold out staight-away at break-even.
treacle32
21/8/2013
22:27
well davidosh, as long as you share it around all other shareholders, we'll al be delighted!!
janeann
21/8/2013
17:24
Do I detect the nauseating odour of pump and dump?
Claiming that,"stegrigo is a troll",is hardly a reason for buying GNG.

mudbath
21/8/2013
14:12
3.50 - 4.00p, 2 v 4. With cash at over 10p imo could see good rises into tomorrow and above 5p imo.
treacle32
21/8/2013
14:07
2 v 1 now, 4p offer round the corner.
treacle32
21/8/2013
13:36
Okay, well I'm fully in now and loaded. Over 10p cash per share and this price is ridiculous.

3.50-3.75p, 1 v 1. L2 shows its about to break 4p imo.

treacle32
21/8/2013
13:34
Got another 33,969 shares at 3.73 pence. Just looking at charts and seems about to break-out over 4p - analysing further.
treacle32
21/8/2013
13:18
Thanks sefon, got 50K earlier at 3.50p and going to get more in a bit.

Thanks to another poster:-

'Last time we had rises for no reason we shot up 95% in 2 days just on buying pressure due to lack of available shares...The share price should be sitting at around 8p...With the cash they are holding, also pre tax operating profits are all in line with previous years, as well as some strong growth in china now......hopefully we should see a sensible rise to acceptable levels between 7-10p which the company is worth..good news back in the twenty's..GLA'.

treacle32
21/8/2013
13:12
Happy I bought at 3.16 on March 26. stegrigo is a troll
sefton1
21/8/2013
12:52
Just going off the RNS really, still doing more research.


- Cash balance at 31 March 2013 GBP4.6 million (2012: GBP5.3 million)

treacle32
21/8/2013
12:47
If you believe they have that amount of cash then yes....

Also helps if you believe in elves, pixies, the tooth fairy and santa....

stegrego
21/8/2013
12:40
Is this right, cash of 4.60m seems to be over 10p cash with 38/39 million shares in issue against 3.75p price - looking at it more?
treacle32
11/8/2013
08:26
davidosh - re 21099; I have just receieved a couple of sets of voting papers for some certificated shares - given your interest here do you have any specific wishes/requests re voting

j

janeann
30/7/2013
12:35
They are somehowe lost because:
* present customers do not pay
* 500 (old number) employees generating 9 mio revenue (can they afford a good programmer as they do not come cheap now in PRC)
* resignation
* auditor does not sign
.....


and are looking for a way out

* they talk about new employee collecting cash (what is wrong with the present ones-smoke)
* increased costs of R&D (smoke)
* internet social programming increasing (what is that and how stable is it and how profitable (smoke ))
* talking about new teritory (what is wrong with the present one - more smoke)

Do good job at home first at what you are good at and then ... Smoke can bring fire I hope

Who is "gastarbeiter" - the one who is a looser at home usually

rant over

odvod
30/7/2013
12:16
While the auditors have not qualified their report in the 2013 accounts they have required the company to draw attention to their material concerns over the company's ability to collect £19m of accrued income.

The company's profits in previous years have been entirely dependent upon increases in accrued income and now the company relies on such increases for the bulk of its gross margin. Without the ever swelling gross income accrual the company would have never made an operating profit and would now be reporting significant losses.

When previously questioned on this subject the management have insisted that customers have vouched to the company and the auditors that the amounts accrued were collectable (i.e. were for work done which was capable of being invoiced at some future calendar date and that such invoicing was not contingent upon the completion of the contract as a whole).

The auditors statement in the 2013 accounts suggests that the ability to invoice is now contingent upon the completion of contracts, and that customers have not provided the same assurances as before.

The management have previously indicated that more than 50% of the accrued income figure was for work undertaken for IBM. It is highly likely that this remains the case. If so, the auditors' statement is telling shareholders that even in the case of the IBM account there is a material risk that sums due will not be collectable.

The CEO has repeatedly promised to reduce accrued income but has still to make any progress in this regard. Having become hooked on this method of generating profits from thin air, he is finding it impossible to kick the habit. He seems equally unwilling to introduce discipline in the capitalisation of software costs, another tried and tested method for conjuring up PBT from nowhere.

When FD, Amit was unable to enforce a more rigorous approach and singularly failed get to the bottom of the accrued income mystery. It would now appear that the NED's patience with this state of affairs has finally been exhausted.

Hidden away in this mess there is a decent business. If only the board had the backbone to tell the CEO to pull the plug on the IAAS work, with a view to collecting whatever can be collected from the £21m of accrued income on the balance sheet, they could re-invest some of the proceeds in growing the SAAS income, return something to shareholders and rekindle some interest in the stock.

I fear, however, that the chances of that happening are lower than the odds that they will collect the £19m of dodgy accrued income.

eacn
30/7/2013
10:57
Where are the analysts these days?
The only element of good news within the audited results imo is that Stuart Christopher Lane has departed.

mudbath
31/5/2013
11:31
The management here just hate to lose face ; its a cultural thing. They probabaly really believe that things will come right one day,or is it one year or maybe one decade or even one century. Don't forget the Chinese are in it for the long haul. LOL.
corrientes
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