Grand Grp Share Discussion Threads

[dice1950] 11/7/2017 05:17

GIPO Net Cash is equivalent to 534% of the Market Value 💥🔥😉

[dice1950] 10/7/2017 15:50

worst case scenario £25m cash returned to shareholders 60-70p although id rather see an acquisition

[fatfish] 10/7/2017 15:45

gonna keep my eye on this one, not going to rush in just yet. no doubt it will shoot up and i'll miss the boat

[dice1950] 10/7/2017 15:37

Looks like the mms are going 2 need stock imho an acquisition is on the way
GIPO cash shell company on market capitalisation of £3.3 million - a whopping discount to the cash position of some 87%!🔥㈐5;😉

[fatfish] 10/7/2017 15:33

some breakout

[dice1950] 10/7/2017 14:48

!FOLLOWFEED
The company started 2017 with a virtually clean slate, having sold its investments. As of 2016 year end, proceeds from the sales of Victory and JXT investments have been coming in on time, and cash had grown to RMB 140.8 million. As of the end of April, funds continued to arrive on time and total (unaudited) cash was RMB 221.2 million – approximately £25 million. No new investments have yet been made with the proceeds.
The group has much to do in 2017 - notably finishing collecting the proceeds from the investment exits, but as importantly developing the pipeline of investment opportunities and investing by the September 30 deadline.
Outlook
As the US Federal Reserve continues to look to raise interest rates, there has been a significant impact on the Chinese investment market, causing many asset prices to return to more rational levels. This provides a great opportunity for Grand. The sales of Victory and JXT have bolstered Grand's cash reserves for future investments. Now that Grand has regained listed status on AIM, it is in a better position to make those investments.
James Newman
Non-Executive Chairman