Geong Share Discussion Threads

[simon templar qc] 17/10/2013 12:41

The clever money spotted the top and took their profits! Still quite a bit of selling the market makers aren't concerned they can make money either way.

[h2owater] 17/10/2013 11:08

Market cap 3.4 m Ridiculous !

[eric76] 17/10/2013 10:24

True they're expecting a loss but after the positive agm statement it'll be interesting to see how they're doing with their saas sales and whether this is translating into quicker revenue streams coming in.

[simon templar qc] 17/10/2013 09:13

Ramp as much as u want but when the company reported its finals it expected lower revenue first half and I have pencilled in a loss.

[njb67] 16/10/2013 19:14

H2owater

Not sure you are right on this. The 3% and above list include a number of nominee accounts in which there may be many private investor shareholdings. These are not necessarily investment fund holdings.

The Tse holding appears in both your lists btw.

[h2owater] 16/10/2013 17:21

Less than 8 million in freefloat!!!

-----------------------------------------------------------------------------



Number of Shares in issue

Total number of shares in issue of the Company is 37,834,622 shares at 30 September 2013. The Company does not hold any shares in treasury. There are no restrictions on the transfer of shares in the Company.

Percentage of shares not in public hands: 7,978,869

The Directors' and their beneficial interests (including family interests) in the shares of the Company at 30 September 2013 were as follows:

Directors
Units
% of Issued Capital
Henry Hak-Yan Tse
3,712,123
9.81
Weidong Wang
5,061,671
13.40
Amit Thakar
17,500
0.05
Minren Guan
1,027,413
2.70
David Tsui
0
0.00


3% or Above Shareholders List, as at 30 September 2013


Shareholder's Name
Units
% of Issued Capital
FITEL NOMINEES LIMITED
7,732,628
20.44
IRENE LAI-YIM-KAM + HENRY HAK-YAN TSE
3,712,123
9.81
BARCLAYSHARE NOMINEES LIMITED
3,457,850
9.14
TD DIRECT INVESTING NOMINEES (EUROPE) LIMITED
2,676,091
7.07
PERSHING NOMINEES LIMITED
1,274,425
3.37
BREWIN 1762 NOMINEES LIMITED
1,183,929
3.13

[h2owater] 16/10/2013 13:19

"We see significant opportunities for H2 and hope to announce
further contracts with our next trading update."


Less than 8 million in freefloat!!!

[h2owater] 16/10/2013 13:17

Last year:
Thursday 20 September, 2012


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
2012 in early December 2012."

====================================================================
NB: No mention of new contracts last year!! & Trading update came early!! 29th Oct 1:00pm!!

++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
29 Oct 2012 1:00 pm
PRN
Factsheet Geong International Limited (GNG) Trading Update


______________________________________________________________________________

Anyone reckon we will have the same early TU + new contracts as per RNS??

[h2owater] 16/10/2013 13:12

Weidong Wang, Chief Executive Officer of GEONG, commented:

Following the disappointments in 2012, the Company has stabilized its trading.
In the interim results, we reported a decrease in revenues compared with the
same period of 2012 but with the benefit of the new customers gained during
H1, in both IaaS and SaaS business segments, the Company has had a much more
encouraging second half of the year, enabling us to bring the overall revenue
back to near the 2012 level.

We are aware of the need to improve the working capital position through the
quicker collection of receivables. A dedicated employee has been recruited to
focus entirely on all collection and invoicing opportunities. Though major
improvement will not be immediately evident, the Company is ensuring that the
collection opportunities are monitored.

Despite the small decline in profitability from FY2012, GEONG management
believes that the Group is now better placed to be more selective over the
IaaS business that it takes on and to attract more SaaS business, which will,
in turn, result in shorter cash collection periods and higher average gross
margins. Although this policy will temporarily limit the growth of the IaaS
business this will be compensated, in due course, by strengthening SaaS
revenues and margins, which will provide the backbone for growth in both
revenues and profits in the coming years.

[sir rational] 16/10/2013 11:09

The update will negate the need for another one, H2O. What date do GNG have in mind?

[h2owater] 16/10/2013 10:44

I anticipate share price will be where @UK is currently in 3 weeks time!Remember no more speeding ticket as GNG have already dealt with that!

[rivaldo] 16/10/2013 10:33

Certainly showing good resilience, and again decent interest with 300,000 shares traded already today - approaching 1% of the total shares in issue.

[bene449] 16/10/2013 09:34

looks a good time to buy more.

[h2owater] 16/10/2013 09:11

In 3 weeksWinning being the important wording here...."Since the completion of the financial year ended 31 March 2013, we have continued to focus on winning SaaS business. Since the start of the year we have gained two new SaaS clients in the second tier of the banking sector: Bank of Hubei and Bank of Huaxia. On SaaS business for existing clients, we are providing solutions for digital marketing, E-commerce and customer experience management. We see significant opportunities for H2 and hope to announce further contracts with our next trading update.""The Company will provide a detailed interim trading update in early November ....."

[sir rational] 15/10/2013 12:01

Yep this should be about 5-8p higher, then take direction from the update

[belt n braces] 15/10/2013 11:49

No reason for the increase in share price - maybe the directors think the share price was previous knocked down by the mm's to a silly low level. Nice rise again today and I am now 120% up, lol, the party still seems alive to me.

[sefton1] 15/10/2013 11:24

my top riser this year by over 200% and augustdope is still backfiring

[eric76] 15/10/2013 11:19

At the risk of sounding rampy with todays turnaround its beginning to look like a pretty big flagpole on the chart above.

[h2owater] 15/10/2013 11:19

No more speeding ticket to come!Onwards to 20p!

[rivaldo] 15/10/2013 11:17

Consistent accumulation here, and a lovely recovery this morning. Will we see a holding RNS from a new substantial holder I wonder?

There is "new" news given the slightly rosier tone of the recent trading update, suggesting:

- (very) slowly improving debtors/cash generation
- new SaaS contracts
- the likelihood of further new contracts in the next trading update
- trading in line with director expectations for the always weaker H1

It's worth remembering that the m/cap remains just £3.4m at around 9p. As I said before, buybacks are extremely unlikely and there has been no tip.

But if improved cash collection and/or improved trading are evidenced, then the obvious interest in the share and the small free float likely means you won't see the share price for dust. If this is a false dawn, then it's just a case of waiting again.

[corrientes] 15/10/2013 08:57

A bunch of johnny come lately rampers and derampers, came on board to make a bit of money.There is no 'new' news. Forget the above background noise and wait for December RNS if you're interested.

[muddystone] 15/10/2013 08:56

Thanks for that ST QC....

[simon templar qc] 15/10/2013 08:50

Muddystone,

There are quite a lot of rags about tips magazines on a subscription basis and its not always possible to find the source. When the share price took off a lot of small trades started to come in one after the other the suggestion it was a tip.

What readers should have done is ignore the posters who were ramping the share up on a possible buy back. The way the trades were going through suggested that wasn't happening.

I mentioned this on the thread but my views were ignored. Had no option to write to the company investors were risking their money buying stock in such a risky investment when there was no reason for a significant rise in share price.