Naibu Global Share Discussion Threads

[paulypilot] 22/11/2014 01:18

Gullible. Why are some people so gullible??

It's quite sad reading this thread, and the obstinate refusal to change your mind when the fact that you are totally wrong has been staring you in the face for a long time now, and everyone has been explaining why you're totally wrong for over a year.

It's getting to the point where shareholders in this need to be Sectioned.

PP. (no position in NBU)

[the stigologist] 21/11/2014 14:51

philjeans will be filling his jeans with the brown stuff again

[deanroberthunt] 21/11/2014 14:24

think the egg fried rice is past its sell by date....

[dr biotech] 17/11/2014 10:10

Camkids has come out with a profit warning today. Not a holder here, just an interesting story to follow.

[deanroberthunt] 17/11/2014 08:50

LOL isn't AIM brilliant, perfect for the Chinese..

anyone for Sweet and Sour profit warnings......noodles pls.

[topvest] 13/11/2014 21:04

How come Naibu doesn't show up on the FCA shorting disclosure list if there is shorting going on?

[philjeans] 12/11/2014 15:36

No - TW just tips Turkeys, as we all know!

[noirua] 10/11/2014 11:02

#1269, a comment by TW about Norfolk is puzzling. I have browsed the internet and wonder if he may be a breeder of Turkeys.

[noirua] 10/11/2014 09:49

Posted on 10 November 2014 9:05 | DOW JONES INSTITUTIONAL NEWS
China Opens Doors to Foreign Investment in Stocks

[12trading] 02/11/2014 08:57

Risk on Again. But too late to save Quindell or Naibu
- Today, 8:45 AM

[g8ta] 31/10/2014 20:07

Questions about the seed investors were raised at the 2013 AGM, (Questions 6,8 and 9).



The answer to the dumping is basically the IPO provided an exit for the original holders, some of whom were from 2005 and probably invested at a much lower price. Due to the LSE listing, they exited with sterling instead of RMB. I think the last seed investor exited at 60-70p around the beginning of this year, so not at today's prices.

The same has happened to CAMK and CTEK, and perhaps about to happen to JQW once the lock-in expires.

Of the original investors, Riemann was co-founded by Catherine Huang and I found her here now.



The others I have not looked at.

[chevalierdaven] 30/10/2014 10:09

g8ta, why would any "seed investors" sell at those rock-bottom prices without any hesitation, hitting new lows at each wave, when the price do not reflect in any way the cash, the earnings, the profitability and the runway of Naibu's ? Last time I looked Naibu was trading at 10% of its book value, P/E below 0.5, Price to sales 0.07.....It just does not make ANY sense for people close to the business to sell at those levels.

Remember, those "seed investors" benefit from asymmetric information advantage!

Riemann, APC, Easy International, WinZone, They are all based in tax havens, untraceable, there are no justifications whatsoever for why they were granted shares in the first place, apart from a few intermediaries.

Very high chances that those "early seeders" are indeed the chairman's own pockets.

[g8ta] 27/10/2014 18:00

From the 2014 AGM Q & A.

15.

“Considering the sensitivity of related party transactions, the Company decided to withdraw the amount RMB5 million in August 2014. Only the original deposit for the lease amounted RMB 100,000 will be maintained as a “token”.”

So no money has been thrown at related party transactions. Bar £10k, it has all been taken back. The factory (Jinjiang) is just rented.



The Quangang Factory is unfortunate, but it is a £16m asset and is now rented out for £600k per year for three years, at which time a decision will be made to keep it or sell it.



So Naibu figures are now “Too good to be true”. If the seed investors hadn't sold relentlessly and the divi had been maintained, the share price would have been much higher and the numbers would be acceptable?

Stating the obvious, time will tell.

[philjeans] 27/10/2014 17:39

Chev what's 'is name; how typically arrogant of you to assume you know my position here - or anywhere else!

Mind your own business you obnoxious twerp.

I await the next results from NBU with interest - nothing would give me greater pleasure than to see you and Tom Winnifraud lose your Shorts as NBU provide some positive guidance.

Meanwhile CAMK and JQW continue their strong upward momentum as lying plonkers like you lose your money!

[chevalierdaven] 27/10/2014 00:19

Philjeans, CAMK is not exactly recovering: it is down from 133p one year ago to 50p! Stop this pump and dump it is laughable.

As far as Naibu is concerned, I wonder how many red flags are needed before you sell your position, seriously?! Do you really still believe Naibu's numbers? If they were true they really are walking on water with a "niche" on tier 3 cities and so cash rich they can throw money away in related party deals and unused factories and land rights. Great stock, if you believe in fairy tales that is.

[chinahere] 24/10/2014 23:52

Why aren't any directors buying this ?

[philjeans] 24/10/2014 16:28

Agreed - watching with interest as to how this plays out.

Holding JQW and CAMK currently - both recovering well now - take a look.

[g8ta] 24/10/2014 14:00

Cheers, Philjeans.

It's pretty much down to the Chairman, Huoyan Lin, to restore confidence. There's the board meeting next month and hopefully some update on the orders from this October's Spring/Summer fair in December, as per last year. Otherwise, the next news is the pre-close update at the end of Jan.

I doubt the divi will be resumed at results in May, though maybe by September they will have a clearer view of earnings and expenses. IMO, if they need to reserve funds as a precaution, so be it. There is a lot of expensive and wasteful costs raising capital through banks (if at all possible) or issuing equity, which would just lead to dilution.

When the divi is resumed, and if it is again at 6p, then the yield at today's share price of 22p is around 27%.

[philjeans] 24/10/2014 08:02

g8ta - well done on your efforts to contact NBU and thankyou for posting the correspondence here.

Very useful and much appreiated.

[g8ta] 23/10/2014 13:44

I've changed the username on Photobucket from Naibu Sports to Naibu Global International as it is more a sports fashion and leisure/lifestyle manufacturer. The one thing you can't change on Photobucket is the username, so I've had to do it again, but added other bits. I'm sure I've seen a plan of the Dazhu Complex somewhere, but can't find it.

Pity about the Quangang Complex as it looks to be a good maunufacturing base with ground floor work areas and plenty of space between buildings for lorries and fork lifts, unlike the Jinjiang factory.

Ms Zhen Li says she is not back in her office until 5 November (Spring/summer fair, possibly), but gave me the company office email for the Quangang address. I've sent another email, but it is not directed to any one person and an English email in a Chinese office is not going to get very far, I think.