Geong Share Discussion Threads

[pav 1] 27/1/2015 18:46

Rivaldo...u a holder here?????Saw u post on ton, I'm holder in both, long term

[rivaldo] 27/1/2015 15:47

Busy by GNG's standards today with over 300,000 shares traded - and now a tick up on a 35k buy.

[sefton1] 21/1/2015 18:53

muckflush, we are still waiting for you to answer the big question in your post 21759 as to whether morality comes from morons. There is clearly nobody better qualified than you to provide us with the answer so please oblige.

[mudbath] 19/1/2015 09:31

Did you mean to say,"over here" ?

[meijiman] 09/1/2015 16:48

Pretty much all Chinese AIM listings now seen as dodgy-latest to hit trouble today being Naibu. Shares suspended.
Can't be helpful.

[sir rational] 09/1/2015 16:27

Well £20,000 would be more convincing.

Easiest share in the mkt to double your money on in a week if it runs up as expected.

[raysor] 09/1/2015 16:25

66219 shares is £2400

[sir rational] 09/1/2015 16:20

3.88 will be easy enough to beat.

£20,000 will do it.

[sir rational] 09/1/2015 15:56

Geong International Ltd (LON:GNG) ended the trading session without any gain or loss. The counter began trading at 3.625 and edged higher only till 3.74. 3.55 acted as the floor of the thin trading range which witnessed 66,219 shares exchanging hands. The last transaction took place at 3.74. The stock has a 52-week high of 7.67 and a 52-week low of 2.75. Among the major technical levels are the 30-day simple moving average of 3.88 and the 60-day simple moving average of 3.81. These moving averages hold significance as a breakout above these is a highly bullish sign. The trading currency is in GBp.

[sir rational] 29/12/2014 11:48

GRAPH LOOKING EXCELLENT!!!

[sefton1] 29/12/2014 11:29

Doh, great piece of reasoning there from Dope. Well done.
Still on tenterhooks waiting for mudbath's answer on his morality from morons question.

[augustusgloop] 27/12/2014 22:36

What's worse:

GNG don't have the money that they claim in the bank - and so can not pay the loan

OR

GNG do have the money in the bank - but choose not to pay back the loan?

Either they do not have the money to meet their legal obligations, or they simply choose not to meet them.

[sefton1] 27/12/2014 15:10

Rather than keeping us all on tenterhooks mudbath, please provide us with the answer to that question. There is obviously nobody better qualified to do so than you.
Happy new year.

[mudbath] 24/12/2014 16:48

Happy Christmas sefton1 .

[augustusgloop] 24/12/2014 11:25

Remember that IaaS part of the business produces all of the trade receivables.

this has a turnover of about £6.5m per year

Thus, payment time for this part of the business average over 3 years!

Now if half of those companies pay within a year (as would surely be expected in any other business) then the other 50% must take an average of 5 years to pay.

Anyone that does not think that such a figure is absolutely outrageous is simply deluded!

[augustusgloop] 24/12/2014 11:09

trading statement 20.05.2011

"As we continue to deliver our long-term IaaS contracts, accrued income has
increased to GBP10.8m, compared to GBP8.4m last year, although we believe that this
will now decrease as IaaS becomes a reducing percentage of our business;

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

Now:

"- Trade receivables GBP21.6million (At 31 March 2014: GBP20.1 million)
including accrued income of GBP16.8 million

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

So 3 years after changing their business to remove the problem of accrued income and in a period of falling turnover..

It did not actually decrease as they said it would - it is now 60% higher than the bloody awful figure that it was then.

[rivaldo] 24/12/2014 10:34

Corrientes, take a look at the blue chip composition of GNG's client list and you will soon realise why, year after year, auditors - and more than one firm of sizeable international auditors over time - have been able to sign off on the debtors without a problem. In fact, this last year to March'14 was from memory the first year there have been provisions of anything over £100,000 since GNG first listed.

[corrientes] 24/12/2014 10:03

Joe Say - Tesco and Geong. Now that's what I call a pairing. Solid position ; more like a quivering jelly ! Still its survived so far, so who knows.LOL.

[joe say] 24/12/2014 09:55

Corrientes - currently there are FCA investigations over bank accounting and Tescos so your position may not be as solid as you may think

[rivaldo] 24/12/2014 08:09

Since H1 is so much seasonally weaker in terms of trading and cash flows it's too soon to draw definitive conclusions.

Certainly the vibes are more positive overall than for a while.

If the CULS are repaid before 31st March and the improved trading continues then GNG's share price would fly to - who knows, 15p, 20p? - in an instant.