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NBU Naibu Global

11.50
0.00 (0.00%)
24 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Naibu Global LSE:NBU London Ordinary Share JE00B648L531 ORD NPV
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 11.50 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 11.50 GBX

Naibu Global (NBU) Latest News

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Naibu Global (NBU) Discussions and Chat

Naibu Global (NBU) Most Recent Trades

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Naibu Global (NBU) Top Chat Posts

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Posted at 08/1/2019 01:24 by garycook
I have been informed that NBU has been re-instated to the Jersey Registers and therefore are not worthless as previous stated by brokers.
Posted at 15/9/2016 02:18 by garycook
BBC Radio 4,are doing a documentary on AIM shares,that is only Dan Levy,s involvment .I will never buy a Chinese linked share again.The only AIM share to come up trumps for me is GVC.
Posted at 12/7/2016 06:54 by garycook
loglorry1,Also have a 7,500 NBU Holding with HL !!!
Posted at 11/7/2016 13:48 by loglorry1
Hi Gary

I'm short quite a few more than that. They are untradable with TDDI but with a full service broker you can trade them with another persons broker or alternatively you can request a share cert. Unfortunately, its probably not worth the dealing costs as I'd only bid you around 2p for them.
Posted at 11/7/2016 10:01 by loglorry1
Garry it is bust. I'm looking to buy a small amount of stock stock though at a nominal price if anyone has any to speed up closing a short position. Contact me via a PM if you are interested.
Posted at 10/7/2016 23:27 by garycook
Has anyone any news on NBU,or the latest updates by the NEDS ?
Posted at 04/1/2016 16:49 by strollingmolby
gnnmartin - it looks like the December update is a RNS-NON ie. it isn't linked to the NBU ticker as the company is delisted. A keyword or company search in another place will show this and any subsequent releases, as follows:
Posted at 08/12/2015 10:27 by loglorry1
In order to close of a position in NBU by year end I'd be a buyer of stock for a nominal value. Please PM me if interested.
Posted at 08/1/2015 13:28 by topinfo
Did you see what SORB just did these past to days so NBU is even better IMO.

NBU Cash

If you guys like SORB at mkt cap £2.5 million and cash =£7 million (70 Million RMB) then you wanna look at NBU, mkt cap at NBU £6.6 million and £32 million in cash, (315 Million RMB) yes 5 x current mkt cap!!!

Naibu Global International Co PLC Trading Update
Print
Alert

TIDMNBU

RNS Number : 7711X

Naibu Global International Co PLC

24 November 2014


Press Release 24 November 2014

Naibu has substantial cash balances (RMB 315 million as at 31 October 2014) and the Directors are confident that the Company has sufficient resources to implement the programme referred to above.
Posted at 12/9/2014 16:05 by kenny
Friday, Sep 12 2014 by Paul Scott 15 comments

Good morning!

Chinese stocks - I've warned readers here many times about the risks of investing in AIM Listed Chinese stocks, indeed I personally have a permanent bargepole rating on them all, for a variety of reasons - the main one being that things are very often not what they seem. So you cannot rely on any facts or figures about these companies, hence they are impossible to value. There are numerous other red flags, such as constant insider selling, accounts that don't stack up - e.g. huge debtors (nearly always the biggest "tell" that something is wrong), negative cashflow despite big profits, unrealistically high profit margins, etc etc. I just treat the accounts of Chinese companies as works of fiction, it's safer that way. Which brings me on to;

Naibu Global International Co (LON:NBU)

Share price: 36p
No. shares: 58.6m
Market Cap: £21.1m

Shares in this maker of sports shoes have looked inexplicably cheap for a while, with the PER hovering around 1. That's nearly always a sign that things are not what they seem. I can only think of one situation where a PER of 1 turned out to be the bargain of the year, and that was Trinity Mirror, as I explained in 2012, here, when the shares were just 25p (they 8-bagged in the year or two after that). In all other cases that I can remember, a PER of 1 usually means there's something badly wrong.

I've only reported explicitly on Naibu once here, because it has always been under my blanket bargepole rule for Chinese stocks, so there wasn't much point in reporting on the figures. As I explained in my report from 5 Aug 2014 the only point with Naibu that was intriguing, was that it had started paying dividends - which of course made it look as if the company was genuine. At the time people doubted whether the dividend cash would actually be paid, but it was, twice I think? So I was still slightly unsure about whether Naibu could be genuine after all? I was 95% sure it wasn't, but the divis kept a 5% window of doubt open.

That window has slammed shut today - the interim results are out today, and follow the usual pattern of high profits but negative cashflow. Despite the large cash balance, the company has cancelled the interim dividend. The reasons given look ridiculous to me - that the cash is required for capex to build factories, despite there being no reason for doing so - 80% of production is currently outsourced, and the company makes about a 20% operating profit margin. So there is no valid reason at all to build their own factory.

My opinion - With the dividend passed, I think the game is up now, and these shares have an intrinsic value of zero in my opinion. I think the motivation for the previous dividends was probably an attempt to pump up the share price, to allow more insider share disposals at a much higher price. The market didn't buy that, and the share price remained weak despite the divis, so they've now been cancelled. The next logical step is for the shares to de-list, and investors are highly likely to receive absolutely nothing in the future in my opinion. I could be wrong, but why take the risk, when the evidence is now so clearly pointing towards my view being probably correct?

I'm not saying that all Chinese stocks are dodgy, but enough are to make it too risky to bother trying to sort the wheat from the chaff. This table, courtesy of AIM journal, shows the lamentable share price performance of AIM Chinese companies since floating. Bear in mind that the period covered was a boom market for small caps, where most things rose 50-100%, so for so many of these to be negative is very poor. I think this table will look a lot worse in a few months time. Most of these stocks will de-List in the coming months/years in my view, so they are all going on my bargepole list.

The spikes up on the chart below were caused by tipsters flagging up the "bargain" shares - very much a case of them not being able to see the wood for the trees I'm afraid. One has to be a bit more shrewd in this game than to just take numbers at face value. Lots of accounts are wrong, and often deceptive, and the fact that they've been audited doesn't make much difference. You have to question everything, and if it doesn't look right, that's often because it's wrong.
- See more at: hxxp://www.-.com/content/small-cap-value-report-12-sep-2014-nbu-boo-mcm-86129/#sthash.IlIMCzBw.dpuf
Naibu Global share price data is direct from the London Stock Exchange

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