Geong Share Discussion Threads

[zangdook] 29/9/2014 07:09

Here's the actual link to that story

[sefton1] 29/9/2014 06:47

The article says "The first area to look at is the shareholder register. If there is a majority shareholder or a significant shareholding then smaller investors are will be at the whim of their interests. Ensure the free float is well above 25pc, preferably 100pc. If not, this should set alarm bells ringing."

I always check this point with small companies and did so here before I bought in last year. Directors hold about 25% and the free float is over 50%

[sefton1] 18/9/2014 10:24

And saddo another troll appears' They live in the past and have nothing else to do but search through old posts

[mudbath] 18/9/2014 09:45

Respect is imo due to Elban for he did indeed call it correctly at 39 pence.
I remember the acknowledgement by Greek Islander when he finally threw in the towel.

"Don't fall into the trap of saying it's not worth selling at 9p (as it is now). OK, maybe I'm wrong and some company might just pick up the debris for say 15p or failing that wait to get it for less than that. ... Other than this aforementioned unlikely scenario of a takeover, this share is doomed. They will never recover, unless the management is completely changed, as the current management will never have any credibility with the market, no matter what they say to us now.
The sense of relief I feel now that I have sold out and started to reinvest is amazing. ... Suddenly, a great weight has been taken off my shoulders. I just wish I'd seen the light a lot earlier. Interesting to read Elban, McGarth, longsight and others commenting above. Wish I'd listened to them sooner. Still, we live and learn even at my age...."

[sefton1] 17/9/2014 19:13

Get a life, you saddo

[augustusgloop] 17/9/2014 17:26

I didn't lose a packet here.

As the old timers will confirm - I laid out the problems here at 39p.
{ELBAN}

[sefton1] 17/9/2014 17:23

Too true. Augustdope is obviously a very sad and lonely troll whose miserable and empty life must be constantly tormenting him

[corrientes] 17/9/2014 16:52

You do go on and on and on and on ad infinitum. Just because you've probably lost a packet here, doesn't mean you should inflict your misery on others.

[augustusgloop] 17/9/2014 16:46

This is the sort of thing you can expect when investing in these Chinese companies.

Are any of them genuine?

[3taz] 17/9/2014 09:12

With all due respect..... this thread was set up in '06 ...... so much ater has gone under the bridge and for the most part a lot of sewage..... Time for a new thread ????????

[augustusgloop] 15/9/2014 13:40

Good luck in calculating the true NAV here.

My guess would be zero.
With the business being worth about as much as the CULs loan

[sefton1] 15/9/2014 13:11

PE is only one factor is measuring value, you complete dimwit. There are various others including NAV. I'm roughly 40% up here and expect that gain to increase in future

[augustusgloop] 15/9/2014 12:52

So, what would you think is a fair PE with a record like this?

You were saying that they were cheap at 10p

That's a PE of 500

[sefton1] 15/9/2014 11:49

Augustdope the troll, is obviously just confusing his silly suggested shareprice with his own very subnormal IQ

[augustusgloop] 15/9/2014 10:05

This has an historic PE of over 200.

Unbelievable.

Surely it should be a PE of 15 at best = 0.15p

[sir rational] 13/9/2014 10:09

I could graph it if anybody's interested?

Rather impressive recovery potential here.

The company is in better shape than it was 2 years ago.

[tom triple] 12/9/2014 15:17

GEONG enjoys second half surge
- Today, 3:38 PM

[sefton1] 12/9/2014 14:44

The augustdope troll desperately needs to get itself a life

[augustusgloop] 12/9/2014 14:41

Does anybody have access to the correct exchange rates used?

It looks to me that the total debtors in Yuan is probably about unchanged when adjusted for an approx. 6% exchange rate variation and 1.5% write offs.

[bernieboy] 12/9/2014 14:35

Some dreadful day trades (or should I say minute trades) went on today!

[rmillaree] 12/9/2014 14:14

Strange - maybe i am silly 1.5 million extra sales less 0.3 million bad debt provision does not equal nil as they seem to be saying - perhaps i have missed something.

The increase in receivables and decrease in accrued income must give holders some hope that cash might start to trickle in.

[rivaldo] 12/9/2014 13:25

The audit opinion is an Emphasis of Matter over the £14m accrued income from the auditors, so a reasonable question to be asked - but it's exactly the same wording as last year, so no change.

Given the £1.7m m/cap this would seem to be priced in already.

More interesting are the following:

- £486,000 PBT in H2 alone, giving rise to a small PBT for the year
- and a much more optimistic tone to the narrative, giving hope for this year's trading
- £311,000 of provisions for doubtful debts, the first EVER material provisions
- the slow and steady rise in high-margin SaaS income
- continued gaining of high profile banking clients and expansion of services into Big Data, mobile etc
- continued poor cash flows, though again an improved tone to the narrative here

Overall steady as she goes with an improved tone to GNG's trading.

It'll be a big boost if/when the CULS are paid off at the end of the year.