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GNG Geong

1.625
0.00 (0.00%)
01 Nov 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Geong LSE:GNG London Ordinary Share GB00B1570688 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 1.625 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 1.625 GBX

Geong (GNG) Latest News

Real-Time news about Geong (London Stock Exchange): 0 recent articles

Geong (GNG) Discussions and Chat

Geong Forums and Chat

Date Time Title Posts
29/12/202100:10GEONG : new IPO going for a song21,950
02/11/201412:49$GNG.L – memories past-
20/11/201208:42Golden Goliath: the unknown Silver Explorer17
15/10/200809:38GEONG International223
08/6/200712:08Geong International Limited45

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Geong (GNG) Most Recent Trades

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Trade Time Trade Price Trade Size Trade Value Trade Type

Geong (GNG) Top Chat Posts

Top Posts
Posted at 14/4/2016 13:19 by augustusgloop
Couldn't help laughing at this in the Daily Telegraph - talking about China's problems

"The average payment to suppliers has been stretched to 72 days. "The broad and marked run-up in payables debt throughout supply chains strongly suggests widespread and rising corporate stress," it said."

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

LOL - stretched to 72 days.

GNG were claiming that it averaged about 4 years = 1,460 days.

And that was after they delayed sending the invoice for a year.
And these were supposed to be mostly the big banks.

Somebody was telling porkies.
Posted at 28/9/2015 09:28 by mudbath
Do we know who is carrying out the audit which is finally persuading GNG to provide investors with a semblance of the truth?

Digging a little reveals that CEO Wang and several GNG shareholders control a Hong Kong outfit called Udo Media Investments.

Knowing China,who is to say that their is not even more dirty work afoot.

And Hanafin themselves,who are they ?

Come in rivaldo,the country needs a saviour.
Posted at 21/9/2015 13:00 by zangdook
For that to be true there would have to have been some significant volume while the price was up. Was there? And probably some significant holdings declarations.
Posted at 25/8/2015 06:24 by roofer2
Gng promised so much, yes I lost a lot of money here but hey carnt win them all,
at Friday's closing price, 5p a share is a good T/O price but I feel for those holding from 6yrs ago, thinking GNG would be paid for some or all there works.
In my mind it's bedn one big con trick, never again will I invest or trust Chinese

R2
Posted at 22/7/2015 19:33 by mudbath
What convinced me that GNG was a duffer was when Stuart Lane signed up as a non exec but then left quite quickly.
SL is reputably pretty sharp and additionally knew the Chinese market.
If he saw nothing to go for then GNG were bereft of promise.
"At 61, he is full of energy, describing the City as a place with ‘a huge buzz’. Aside from Northland he is a non-executive director at AIM-listed Geong International (LON:GNG) and is also on the board of China-based Shigo Asia – the world’s largest blanket manufacturer. He starts work at just after 7am, lives in Cambridge and has a house in Italy. Apart from his three children, Lane’s hobbies include shooting, golf and walking."
He shoots birdies rather than dead ducks.
Posted at 22/7/2015 19:01 by njb67
I held here some years ago, when Chinese stocks were in vogue. Lost money on this one.

At the time I thought that GNG was a credible investment case. In time, I realised that it was at best a plausible story and ultimately that it was a bad investment. I have kept this on my watch list, in part out of morbid curiosity, and as much a reminder to myself to really do the due diligence before investing.

I have three major concerns, each one of which makes this a non-starter. I have seen nothing over the years to suggest that the management can create shareholder value. While they have re-positioned the company more than once to exploit the evolving market, I have yet to see real progress on any of these strategies.

I am not convinced that they have a business that they can grow consistently over time, there does not seem to be the demand for their services.

I am also not convinced that they will ever see much of the monies supposedly owed to them from their clients, the debtor levels are extraordinarily high and show no signs of reducing materially.

Hope useful
Posted at 24/4/2015 10:34 by rivaldo
A 128,763 share buy just reported at 4.65p, well above the 4.5p share price. Someone's keen. And it moved the share price nicely.
Posted at 20/10/2014 13:08 by mudbath
Exactly 12 months ago,the price of Geong shares spiked upwards ,peaking at ten pence.Should the GNG share price exhibit a similar pattern over coming weeks, longer term holders will feel appreciably reassured,particularly if,as seems eminently possible,the upward momentum is maintained beyond that last November 2013 high.
As rivaldo observes,(whether one is a dreamer or a realist)the actualities and the potential evident within recent Geong reports, are "not bad at all for a £1.3m m/cap company".
Posted at 11/10/2013 17:37 by eacn
Any possibility of conversion of the CULS should depress the share price, since conversion is at 5p and gives Hanafin 36.4% of the enlarged issued equity.

The company has the option to redeem the CULS, which would clear the dilutive overhang and provide a fillip to share price However, if speculators have bought into the stock believing redemption is on the cards, then they may cause the exact opposite to happen; namely conversion of the CULS.

I say this because Hanafin can make a nice turn on conversion if they can convert and sell their resulting holding at an average share price of say 6p (a 20% return, which compares favourably with the 7.5% coupon attached to the CULS).

Now, whether in practice that would work without a fundamental change in the company's fortunes is a moot point: conversion for the CULS will need to be the subject of an RNS and the LSE will have to admit the additional stock before it can be sold, so the offloading of any converted stake cannot be done without the market being informed.

Of course a share buy back would run into similar problems: why would GNG want to buy back shares so as to elevate the share price above the CULS conversion level? It is asking for dilution, which will dilute the management's stake (unless of course they happen to be behind Hanafin).

The board sought and obtained an authority for a buy back at the AGM. It would not be logical to use that authority unless you had agreed with Hanafin that they would not exercise the CULS or you had agreed to redeem the CULS. If either of those later statements were true then the dilutive overhang has effectively been cleared and you might expect the share price to rise as those in the know bought into the stock. It may therefore be that a share buy back has yet to proceed but that the conditions necessary for it to proceed have been agreed and this is the source of the speculative interest.

The alternative is, as other posters have suggested, that the company is the subject of an approach or the management are preparing a buyout. However, in either case I would have expected an RNS.
Posted at 01/3/2013 12:30 by mudbath
SO,we can now buy at sub 4 pence.
How long, I wonder,before the GNG share price descends into the terrible twos.
Gravity,amongst other factors,seems to be beckoning in that direction.
Geong share price data is direct from the London Stock Exchange