Naibu Global Share Discussion Threads

[wylecoyote] 17/9/2014 11:59

seems to be a lot of china bashing at the moment. However, what I don't get is they list over here on AIM and then proceed to achieve ridiculously low valuations. So, why bother? They are not going to get the funds comenserate with a realisic valuation, i mean they are then selling shares too cheaply. So, any clarification as to the benefit of chinese companies on AIM would be most appreciated.

[celeritas] 17/9/2014 11:56

targatarga, it's not affecting gfm.

[travls] 17/9/2014 11:36

Can't believe any UK citizen would eat tiddlywink take-aways when the "meat" could be rat meat.

[the stigologist] 17/9/2014 11:32

well done Dropinfo

another 'success' for you

[travls] 17/9/2014 11:31

Lesson 1 in investing:


Never invest in any company run by tiddlywinks.

[targatarga] 17/9/2014 11:30

Wyle -the chinese influence... reckon all miners with chinese links should be boycotted also... imho

[wylecoyote] 17/9/2014 11:28

Wow, what happened here then?

[soul limbo] 17/9/2014 10:50

No sane person should touch any AIM listed China stock with a bargepole
BY LUCIAN MIERS | WEDNESDAY 17 SEPTEMBER 2014

The recent passing of its interim dividend by Naibu (NBU), which would have involved an outlay of £600,000 against claimed profits of £20 million and claimed net cash of £30 million has prompted accusations of fraud and skull doggery at the Chinese sports shoemaker and put the spotlight on other China frauds that might be lurking on AIM.

A sad but all too common tendency of private investors in such companies is to think that just because its accounts have been audited and a research analyst has issued a buy note and a couple of institutions are on the register or a few respectable gents are on the board then everything must be OK and anyone who says otherwise is a self-serving shorter.

People who think like this are almost certain to regret it. They would do well to pay close attention to the saga currently breaking over the Chinese company Tianhe Chemicals. Tianhe was one of largest IPOs in Hongkong this year. Morgan Stanley Private Equity Asia (MSPEA) is rumoured to have spent around $2 million on due diligence before investing $300 million of its clients’ money in the firm. Along with UBS and Bank of America Merrill Lynch it underwrote the IPO which raised $1.3 billion in June.

MSPEA boss Homer Sun sits on the board. Deloittes are the auditors and the market cap was $8 billion when the shares were suspended on 2nd September pending a response to allegations of massive and systematic fraud by a Gotham style outfit called Anonymous Analytics. This story is set to grow as the Hong Kong Stock Exchange has introduced rules which make a listed company’s advisors liable for false and fraudulent prospectuses.

I point this out because there are of course, no such rules on AIM and until there are it is best to assume that ALL Chinese companies on AIM are uninvestable. A glance at the website of Zedex Capital does little to dispel this notion. (With respect it does not appear to be in the same league as Morgan Stanley) Zedex is dedicated to “Bringing quality Chinese companies to the London Stock Exchange” It has a track record section which shows that of 11 companies bought to market 9 have been delisted and the remaining two trade at a colossal discount to the launch price.

Three further companies are listed as “recent transactions”. They are Naibu, Camtek and China Chaintek. Should these end up defunct as seems likely given Zedex’s record, all the advisors who have profited from them will suffer reputational damage only and no financial harm. Until this is changed no one should touch any Chinese company listed on AIM with a bargepole.

[the stigologist] 17/9/2014 10:31

 No sane person should touch any AIM listed China stock with a bargepole

By Lucian Miers 21 minutes ago
The recent passing of its interim dividend by Naibu (NBU), which would have involved an outlay of £600,000 against claimed profits of £20 million and claimed net cash of £30 million has prompted accusations of fraud and skull doggery at the Chinese sports shoemaker and put the spotlight on other China frauds that might be lurking on AIM.

- See more at:

[deanroberthunt] 17/9/2014 10:29

Stig

m8, everyones been well warned...

ultimately if they wanna give over their hard eraned cash to the Chinese, then let em...they'd only pish it up on wine, women and song anyhows...which is what the BOD of these co's will be doing on the back of German & UK private investors..

fair play to em I say...they're only making use of a legal system.

[the stigologist] 17/9/2014 10:03

come on philjeans

surely 3 days is enough time to grow a pair ?

[deanroberthunt] 17/9/2014 09:00

AIM is just a long road to the poor house...end of

[the stigologist] 17/9/2014 08:50

some of the sheep are waking up


duxy786 17 Sep'14 - 08:47 - 443092 of 443092 0 0

Arab3. Spot on


Tops, am quickly loosing respect for you. Seriously, you don't believe what you wrote in your last FRR post.


As for OUT, am a holder. In a small loss but nothing to worry about. The rise there will be far greater. Patience required that's all.

IQE will be a massive uk success story one day. Don't doubt it. Long game.

[the stigologist] 17/9/2014 08:33

lol

Topinfo out with £10 profit !



no wonder he is celebrating

[deanroberthunt] 17/9/2014 08:32

it's ok trying to trade these for a quick scalp, but it could be suspended at any time...and then it's all gone in a flash....

[the stigologist] 17/9/2014 08:29

...

nope

...

i guess there were some £500 sells early doors

[21trader] 17/9/2014 08:26

Anybody seen topinfo or buystock today ?

[jane downs] 17/9/2014 07:40

NBU HEADING HIGH

Bulletin Board Heroes: #BHR, #BZM, #NBU, #RRL
17 September, 2014
-.com

[lab305] 17/9/2014 07:36

Everyone is selling ? Check the deals page. More rubbish.

[kev0856153] 17/9/2014 07:29

Topinfo you have just explained why this company is a fraud. It is the cheapest stock in the world on fundamentals yet everyone is selling and the only ones buying are some private investors hoping to make a quick buck on the bounce.

[topinfo] 17/9/2014 07:15

lab totally agree with you on that mate. What these people are doing on this board is criminal, and the FCA should get involved and the company. They are just posting lies and slanderous commesnts in an attempt to get the share price even lower. Its fallen alot already and is grossly oversold. Are they not happy with what they have done so far by putting fear and doubt in peoples minds and hence the selling.

I go by what an Rns says and not by what some deranged sad warped individual says on a bulletin board.


Facts are as per Rns and unless Im told otherwise I will believe them a hell of alot more than some unregistered multi handled nutcase on ADVFN:

Mkt Cap £13 Million

Cash £33 Million

No Debt

Profits of £19 Million

Revenue £98 Million

PE of less than 1.

Enough said!!!

[lab305] 17/9/2014 06:56

alyo What do you think the auditors are for ? And before you say they are all crooks or some such nonsense , the Naibu auditors are a well respected international company . They would not damage their reputation for a minnow as Naibu. I suppose I must believe you that the cash does not exist or has all gone and that the auditors havn't bothered to check ?
The smear tactics endemic on this board are a disgrace. Post after post of non related rubbish and negative speculation. I deal with the Chinese and the products are all good and work at a fractional cost of anything made in the west.China is the new Japan and exploding in growth compared with the rest of the world. Demand for products in China will only go one way in the coming years.

[topinfo] 17/9/2014 05:57

Group balance sheet with cash position of RMB 332.7 million as at 30 June 2014. The Group has no outstanding bank loans or overdue debt