Geong Share Discussion Threads

[sir rational] 07/6/2014 20:08

poised, perfect, prim & £pppprofit coming up

[muddystone] 07/6/2014 11:42

Call me Mr Thicky but can anyone explain to me how the share priced moved yesterday when there were no trades?

[geheimnis2] 05/6/2014 22:33

Lol ratty....more likely to retest 3p...woof woof!

[sir rational] 05/6/2014 22:23

Sure to re-test 10p this month, as a chartist I know these things.

[21trader] 04/6/2014 13:15

Beware a pump and dump in operation by buystock using stacks ofusernames
like liam wilson and loadsadough

Do not buy this stock you will get trapped in.

[loadsadough] 04/6/2014 12:35

Stock Of The Week

[death by donut] 04/6/2014 12:22

Why the thumbs down , i only state what is true , bought at 30p i think.

[rivaldo] 04/6/2014 12:05

Online a few minutes ago you could only buy 3,000 shares maximum, whilst you could sell 60,000. Very encouraging.

[death by donut] 04/6/2014 11:34

Wow , might get my money back afterall then , lol.

DbD

[curlly] 04/6/2014 11:32

Buys starting to come in again

[1desire] 04/6/2014 11:22

GEONG (LON:GNG) analysts are predicting that the SaaS market itself will further consolidate
By PLATTS
4 Jun 2014 11:18

[1desire] 04/6/2014 06:28

cash @ 2.5 X current mkt cap no brainer double digits soon enough.
The Chinese firm said its cash balance at the end of March stood at GBP3.6 million.

[sif12] 03/6/2014 23:41

taihua also went up today on about 500k of buys.. coincidence that 2 china stocks which have don't much for years albeit at least with a few bounces here, get bought on the same day around similar total values??

or someone who holds both just trying to stimulate a bit of action?

sif..

[rivaldo] 03/6/2014 23:07

Almost 400,000 shares bought in a series of trades in the last 90 minutes at prices rising to 4p. Someone was keen.

Perhaps news of the repayment of the CULS is coming (it's due by the end of June).

[stewjames] 31/5/2014 16:02

Where else can you double your money in 1 day?

In a casino.

Which is an apt comparison!

[sir rational] 31/5/2014 07:58

GNG has always been leaky as a sinking ship the rats are jumping off (not sure why that analogy came to mind) and the concerted buying prior to the release would suggest a few people in the know thought that on the whole the interims would be seen as positive.

So far the jury's out: there was virtually no action yesterday.

Somebody just needs to provide a lead.

A scant £5-10K of buying will set the wheels in motion.

Where else can you double your money in 1 day?

[geheimnis2] 30/5/2014 18:16

Lol ratty! Woof, woof!

[sir rational] 30/5/2014 17:40

Overall I would say this has the hallmarks of a turning point, back up I obviously hope. More likely than not up, unless we're all being right royally conned, indeed shafted up the jacksy with a pick axe handle lol.

[sir rational] 30/5/2014 17:36

That particular bit doesn't worry me (payment of the £1m). Chinese cos can't just move money abroad. It sometimes has to be money that already came in from abroad that is therefore transferable back out to a foreign country. Or there are other ways to do it, ie demonstrate the CULS money was transferred in from abroad, so can be re-transferred back out.

[mudbath] 29/5/2014 10:14

rmillaree is right about the CULS repayment.

DEBACLE is a word that springs to mind when GNG is obliged to deal with actualities.

[augustusgloop] 29/5/2014 09:42

Best guess from today's statement

Trade receivables still at about £22m
IaaS turnover about £6.5m

Thus, receivables is equal to about 1,200 days of trading (3.4 years) -- not at all believable.
Especially since at least some companies must pay on time.
If half pay on time then the others must average over 5 years from date of invoice to payment
[And there could be many months between doing the work and invoicing.]

[augustusgloop] 29/5/2014 09:34

That looks like a massive drop in the non SaaS business.

So if receivables and accrued income are only slightly down -- then it will mean a big INCREASE in debtor days for this (largest) sector of the business - above the already phenomenally bad figures of last year.

With turnover down drastically over the last few years and a move to payments in advance --- you would expect receivables to collapse.

They haven't.


A total CON!

A big chunk of that money owed must have been for work done in excess of 4 years ago.