Geong Share Discussion Threads

[simon templar qc] 14/10/2013 13:04

Dream on the company is set to lose money imo this year share price way overpriced.

[odvod] 14/10/2013 12:58

No buyback. Good. Still to come :)
A close above 10p would be good TA indicator for 13p and then 15p.

[simon templar qc] 14/10/2013 12:51

Market makers allowed to sell short its the market makers having a field day.

Spike wasn't sustainable anyone with a brain could see that.

[pas100] 14/10/2013 12:50

Out in time :-) - should be good to get back in in a few days

[simon templar qc] 14/10/2013 12:49

Mug punters chasing receivables and hoping the company was buying back shares which they were not!

[mister md] 14/10/2013 12:48

wow - another nice profit here (for the marketmakers)

[eric76] 14/10/2013 12:46

Suggests that to me to unfortunately,if I get this right they weren't expecting great no's due to the changing of their business model?

[simon templar qc] 14/10/2013 12:43

Price retracting fast.

[simon templar qc] 14/10/2013 12:36

Market makers will wait for the buying to fizzle out in my view then there could be a sharp retraction. Its a brave soul who stays put.

Trading in line with management expectations suggests a loss to me.

[h2owater] 14/10/2013 12:33

Market cap still too low currently!

[sir rational] 14/10/2013 12:30

ST QC - not really, as Riv pointed out earlier they were already in discussions about this with the NOMAD mid-week last week.

[simon templar qc] 14/10/2013 12:26

They were forced to reply once I had reminded them of their duties:

Price Movement

"GEONG International Limited (AIM:GNG), the AIM listed, China based provider of
enterprise content management software and solutions, notes the significant
increase in the market price of its ordinary shares. The Company is not aware
of any reason for this increase."

[rivaldo] 14/10/2013 12:24

RNS out...as I said, this is purely the market catching up on the back of the more positive trading statement after being marked down to a ludicrously low m/cap:

[sir rational] 14/10/2013 12:24

STQC - not really. 3p was mad. 4p was mad.

Like I said the other day, should never have dipped below 10p in the first place.

And below 10p only with the fear that receivable were likely to get written off.

Now looking increasingly likely that receivables will get collected and that's 60p a share on its own.

[marth] 14/10/2013 12:24

There y'go:

GEONG International Limited (AIM:GNG), the AIM listed, China based provider of
enterprise content management software and solutions, notes the significant
increase in the market price of its ordinary shares. The Company is not aware
of any reason for this increase.

As previously stated, the Company will provide a detailed interim trading
update in early November and expects to announce interim results for the six
months ending 30 September 2013 in mid-December 2013, which we expect to be in
line with our expectations.

For further information, please contact:


GEONG International Limited www.geong.com Tel: [phone]
Henry Tse, Chairman
Weidong Wang, CEO
David Tsui, CFO

[simon templar qc] 14/10/2013 12:23

Told you I would get a response!

No buy backs and no take over, no reason for the large spike in share price!

[h2owater] 14/10/2013 11:38

By early Nov trading update back to 50p levels with new contracts!

[muddystone] 14/10/2013 11:37

Morning all.....just bought into these today. What the kin ell is going on?!

[muddystone] 14/10/2013 11:37

Morning all.....just bought into these today. What the kin ell is going on?!

[mister md] 14/10/2013 11:32

I guess a retrace to 4p not very likely then ...? ;)

[carla_jones] 14/10/2013 10:34

Just took some profit here and bought more Naibu at 68p, still valued below cash in the bank, last announcement was bullish indicating a forward p/e of just 1.5 .

[rivaldo] 14/10/2013 09:01

Nice start.

GNG have around 60p per share of recoverable debts. For the seventh year in succession since IPO these were fully audited without a problem, and by new auditors too - with barely any provisions or write-offs. The emphasis of matter was simply necessary in terms of this being the new auditors' first audit and the stand-out nature of such a huge number in relation to everything else.

It's worth remembering that a large part of these debts are due from the likes of IBM, Bank of Communications, Bank of China etc. These companies are presumably going to pay, it's just a question of time - and when IBM themselves get paid by their own links in the (incredibly) slow-paying banking sector chain.

The lack of an RNS suggests to me that there is simply nothing to say, though of course an RNS can arrive at any time, and that this is simply the market picking up on the more optimistic tinge to the latest trading statement and the severe undervaluation of GNG's shares. IMO anyway.

I gather that GNG's advisers were contacted by the Exchange mid last week about the price rise. Evidently they were satisfied by whatever answer they were given. I would prefer there to be an RNS, even if it were to confirm that "there is no reason" etc.

Finally, investing in small caps is apparently NOT Hanafin's modus operandi - they are lenders demanding a good return on their monies. I suspect that taking a 30%+ stake in an illiquid small cap is not what they are about at all. Again, I may be wrong, and if the share price were to rise to say 20p then the situation might change I suppose. But I'm hopeful that GNG will repay the loan in full after we get into the cash-generating season from December onwards.

[h2owater] 14/10/2013 08:51

GEONG's strategy is to maintain its market leading position in the delivery and in providing operational service of online business solutions for large enterprises in China.GEONG Smart Platform will keep pace with IBM and Oracle's middleware technologies development to ensure that we can offer the most modern and innovative industrial solutions for our clients. GEONG's growth is tied to our clients' online business growth, which, in turn, is driven by the rapid expansion of social networking and mobile Internet applications in China. The burgeoning world of social media has created yet another vast data mine for companies. Currently there are over 216 million social networking users in China and this is forecasted to double by 2013. Mobile Internet users will increase from the current figure of over 400 million to 600 million by end of 2012.hxxp://www.geong.com/Channel/342830

[sir rational] 14/10/2013 07:56

Now where's that RNS? lol