Geong Share Discussion Threads

[muddystone] 15/10/2013 08:27

Can anyone shed any light on what caused the price to leap? I've searched for news/tips but can't find anything. Or is it a case of no smoke without fire?

[simon templar qc] 15/10/2013 08:04

Looks like another bad day, the share price could slump significantly.

[sir rational] 14/10/2013 19:40

Big boys are OK, such as megoodself lol

[bbluesky] 14/10/2013 19:27

Ignore. The volumes are MASSIVE. Point is something is afoot.

[rivaldo] 14/10/2013 18:58

Simon Templar - 14 posts today.

Augustusgloop/Elban/dingliwang - 3 posts today.

Come on augustus, you're letting the side down :o))

[belt n braces] 14/10/2013 18:42

Well I am UP over 100% here, so still a party as far as I am concerned. Considering today's RNS is a bit negative, the end of day close is ok. Who knows where go from here over the short term?

It is actually not unusual in some types of business to have very slow payment of debtors. As long as the payment eventually comes in, and that the debtors book is covered by funds at hand, then all will be well.

[simon templar qc] 14/10/2013 18:27

augustloop

Yes and you also missed out turnover is expected to fall and the company will probably report a loss.

Its been an extended Mat Hatter tea party the last week or two.

I suspect it was tipped somewhere and the rest jumped on the bandwagon looking for all kind of reasons for the rise including a buy back of shares.

If anyone read my pervious posts I did warn that probably wasn't going on as the company would have had to inform the market.

Sorry to spoil the party I knew once I had written to the company they would have a duty to make a statement.

But sooner or later it would have come to an end and investors were getting carried away with themselves.

I feel sorry for those who bought at near 13 pence today but its important to do proper research.

[augustusgloop] 14/10/2013 18:00

And last year - they made approx £6.81m of IaaS 'sales'
But only collected £3.6m from their IaaS clients.
Causing an increase in amount owed of £3.2m in the year - on a falling turnover.

Incredibly bad.

[augustusgloop] 14/10/2013 17:56

For all the numerically illiterate - lets put some numbers in:

SaaS is now about 30% of the business
Turnover in a 5 month period is about £4m
Thus collection from SaaS in that period should be about £1.16m
They announced the collection of £3.5m - so IaaS had a collection of about £2.34m in the 5 months.
But there was £22.1m outstanding at the start of the period.

That means that they collected only about 10.5% of what was owed --- at that rate it would take 4 years to collect the arrears.

Is this really good news?
It would take another 4 years to collect bills that are already over 2 years overdue!

Does such a performance really justify a trebling of the sp?

[augustusgloop] 14/10/2013 17:40

sefton,

I sold at 38p (ish) -- so not regretting missing the bounce.

As far as I can see nothing has changed.

Turnover down, accruals and debts up.
Promises of collection unfullfilled.
And apparently China is in a severe recession.

[sefton1] 14/10/2013 17:26

looks like stegrigo is topping the 'poll for troll' competition.
i'm still up nearly 200% while he and his pal augustdope are only up their rear ends

[stegrego] 14/10/2013 17:10

We had a 'dash to trash' phase after 2008.

Appears we are now in 'flit to shi...'

[h2owater] 14/10/2013 16:57

A few days consolidation expected, before share price moves back north!

[simon templar qc] 14/10/2013 14:15

Notice how all the regulars gone quiet?

I suspect a number took their profits now. Its been ramped up probably on a rag tip.

Trouble is with some of these rags they tip some very risky shares.

[pas100] 14/10/2013 14:01

Pity because this was a nice idea - worth revisting but not untill the share price falls back to below 5p

[simon templar qc] 14/10/2013 13:43

Reality check a lot of dumping now. Pity those who purchased today. Market makers will shaft any sellers.

In red today now.

[simon templar qc] 14/10/2013 13:36

There are investors and mugs and the mugs chased the share price up.

[pas100] 14/10/2013 13:34

The 12.99 ers must feel a little sore - BSST is the place to be now :-)

[simon templar qc] 14/10/2013 13:32

Mugs having to sell at a discount now. How to lose over 30% in half a day!

[simon templar qc] 14/10/2013 13:20

Who knows it was up 33% at one point it could be down 33% as well.

Accounts too muddy for my liking there never was a buy back as some had suggested and no interest in a takeover.

I think the company will lose money this year and no dividend.

As for receivables well any investor that's chasing those is chasing fools gold imo.

[pas100] 14/10/2013 13:17

Could be back to just under 8p by close