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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Naibu Global | NBU | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 11.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 11.50 | 11.50 |
| Top Posts |
|---|
Posted at 08/1/2019 14:18 by ricatcoatham I have been informed the same by Interactive Investor, I don't know wether they are worth anything though. |
Posted at 25/6/2017 21:40 by topvest You are probably right. AIM is still a successful market, but it's somewhat depressing how many fraudsters have disappeared abroad after fleecing UK investors. In most other comparable situations they would end up in prison. |
Posted at 28/9/2016 12:10 by davidosh Naibu are heavily featured in this programme... |
Posted at 14/9/2016 14:05 by edmundshaw I lost money here, as did the vast majority of investors who bought in. What's the urgency? |
Posted at 23/1/2016 16:42 by freddie ferret May be of interest. |
Posted at 18/2/2015 21:43 by soul limbo February 18, 2015 6:30 pmSports shoe maker loses track of bosses Miles Johnson and Harriet Agnew Directors of London-quoted Chinese sports shoe maker Naibu have been forced to admit that they have lost all contact with the company’s chairman and senior executive, in the latest controversy to hit Aim. Naibu, which once said it was China’s 10th largest sportswear brand, listed four years ago on Aim — the London Stock Exchange’s market for fast-growing but often high-risk companies, which was once labelled “a casino” by US regulators. On Wednesday, Naibu’s UK-based non-executive directors said they had received no responses to their enquiries from Lin Huoyan, Naibu’s chairman and co-founder, and its executive director Lin Congdeng — and, as a result, could not assess the company’s financial performance. Naibu shares were suspended from trading on Aim in early January with no explanation. The shares had collapsed from a listing price of 124p to a last close of 11.5p — or a 90 per cent drop. “I have never seen an announcement like this before and it’s very alarming,” said Paul Cornelius, director of Walbrook Investor Relations, which works with 55 Aim companies. “This is detrimental to the reputation of Aim and may put off investors.” A spokesman for the London Stock Exchange declined to comment. In October, the company was forced to restate details from its accounts due to “typographical error”. Naibu said that the figure of Rmb2.6m (£269,000) given in its 2013 annual report for the cost of office decoration and machinery for the Quangang factory during the year should have been Rmb26m (£2.69m). Two of Naibu’s top three shareholders at the time of its April 2012 Aim debut, which raised £6m and at the time gave it a market value of £88m, have steadily sold off all of their stock in the company over the last two years. At the time of the listing, just over 50 per cent of the shares were held by Lin Huoyan through a British Virgin Islands’ registered company called Central Win Global Investment, according to its listing documents. Another 26 per cent were held by a company named Allied Property Capital, owned by Waiman Chau, and a further 9.23 per cent by Easy Capital International, owned by Man Yung Sze. In September 2013, Allied Property Capital sold down its entire 20.4 per cent stake, and in January last year Easy Capital also offloaded its holding in the company. Up until December, Daniel Stewart had served as Naibu’s nominated adviser but had to relinquish its licence late last year. On Wednesday, the firm declined to comment. Naibu’s 2013 annual report was signed off by a UK auditor, Crowe Clark Whitehill, which was unavailable to comment. In 2007 Roel Campos, then one of five commissioners at the US market regulator, described London’s Aim market as a “casino” On Tuesday, Kazakhstan-focused copper production, exploration and development company Frontier Mining said it was seeking shareholder approval to cancel the trading of its shares on Aim. |
Posted at 12/1/2015 08:16 by topvest Well I’ve learnt a lesson on these Chinese AIM stocks, so thought I would post a warning as far as I see it. There are 3 companies that are ALL very similar. I’m sure there are more than this on AIM but these are the 3 I have come across, and unfortunately lost money on two being Naibu and Camkids because I didn’t spot the “gifted” shares stunt and chose to ignore the warnings until it was too late. I have to say that all the warnings on this Billboard were spot-on.I haven’t lost much, and done well on Prosperity Minerals and Fortune Oil to nearly balance these two out, but I think of myself as a relatively experienced investor and so I am not pleased with myself for making this error of judgment and will learn by mistake. I will never invest in a Chinese AIM company again. Naibu, Camkids and China ChainTek (which I don’t know as well, but looks similar). The remarkable similarities are: - All are connected to the sports shoe market in Fujian Province and listed at a similar time. - All listed at a very low valuation, fantastic financials and using “lower quality” NOMADs. - On each listing the Founder inexplicably “gifted” shares to mysterious locked-in holder’s pre-IPO. There is no mention of who these parties are or really why it was done. - These holders then sold ALL of their shares at the earliest opportunity after good results reported and after the 12 month lock-in. - Then after about 12-18 months each Company started to make excuses and reduce their cash dividend despite having enormous cash piles. - The Founder then takes a scrip dividend to regain control of the company as the company valuation is so low that even a pathetic dividend enables him to do this. - Next step is probably a de-listing. It’s very clear who is winning and who is losing. I’m amazed that the LSE haven’t launched some kind of investigation into what is potentially happening here. Please help others and add to my list of companies that you think might be up to the same trick, so that investors in these companies are warned of the risks involved. Of course, they could be genuine companies with shareholders’ interests at stake, but I very much doubt it to be honest. |
Posted at 31/10/2014 20:07 by g8ta 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. |
Posted at 30/1/2014 07:16 by yasz Excellent post by Carmensfella on the Fool today -Just for the record...I do hold shares in Naibu in my high yield portfolio and at a yield of 10% with two dividends already paid out so it is doing very well in that respect. That is based on my average purchase price being well below the current level purely because I have taken part in three secondary placings to seemingly allow seed investors to exit their early stage investment into the company ! Those placings were done at huge discounts to the price that was available in the market at the time they were offered and to be frank having seen the share price collapse each time they do not fill me with pleasure. It has to be asked why on earth those investors think an exit from a company on a P/E of 1.2 and trading so well with growth ahead of the market and incredibly with cash sitting in a bank (we did ask questions on this at the Agm)would want to sell at this historic low point ?? I have been given all sorts of answers by all parties (brokers, chairman, analyst, observers etc) but the general thought seems to be that investors in China cannot get their money out of the country easily and convert it to dollars or other stable currency and they invested in Naibu at either very low prices and a fraction of this price or obtained shares for work done on the eventual listing of the company. By selling that paper and getting hard cash in an overseas account is very attractive to them at a multiple of where they started from. I can see other explanations too...I also see the sceptical view but that depends on the whole thing being a fraud and I am not ready to accept that as yet mainly because too many people have suggested it purely because it is a Chinese company. As yet there is no proof and the UK based directors are putting their own necks on the line even a year after they were first challenged by investors. They have been out there many times and are closest to the action as far as investors here can see. I would still like to arrange an investor visit to China but in the meantime have arranged for inspection checks on the operation in its key locations. I will report back on those. I tend to derisk here by selling about half my holding when it has gone above 80p but that has only been because the past has shown there could be more 'discount sellers'in the wings. It now looks like they are finished. This could lead to a strong recovery if.... 1. Trading updates are good....there was one this morning ! 2. The results have a clear bill of health and cash is being generated. Coming soon in March ! 3. More healthy and chunky dividends are announced. 4. More UK institutions come aboard to replace weak holders 5. Confidence builds to show this is a daft rating for a company doing all of the above 6. The directors do a roadshow and results presentations (no doubt including Mello) 7. Retail data in China is promising and growth in the third tier cities continues. 8. The brokers do not ring me ever again to say they have yet another 3% plus seller wanting my cash ! So there you have it in a nutshell and you pay your money and take your choice. I see the risk reward with sensible checks and eyes wide open for my high yield portfolio. It could be that there will be a big run upwardsin the share price if a proper and full revaluation takes place but bad trading news really cannot hurt it that much. Fraud would be the biggest enemy of the investor but every dividend that gets paid makes this less likely and there have been two so far... Now the trading update is out I have invited the chairman to our February Mello event and the advisors and PR company too. If nothing else it will make for a night of intrigue....maybe we should hold it at a Chinese restaurant rather than SeaSalt ? Investing is never boring....Who has a good contact in a third tier city in China and likes shopping ? Any mandarin speaking business students looking for a 'paid for' research opportunity in their Easter break ? Confidence and sentiment could turn this into a ten bagger. It could also be a very clever dividend paying scam ! Bizarrely it could also do nothing but pay you 10% interest every year on your capital for the next few years but I really do not foresee the status quo as an option. Answers on a postcard from... (enter your favourite third tier city in China) I am a holder but only a medium sized stake and only in a specialist part of my portfolio designed to generate a regular cash return to cover the very extensive and extended Carmensfella clans living costs. It is working according to plan so far. David Twitter @Carmensfella |
Posted at 29/1/2014 14:48 by yasz Excellent post by Carmensfella on the Fool today -Just for the record...I do hold shares in Naibu in my high yield portfolio and at a yield of 10% with two dividends already paid out so it is doing very well in that respect. That is based on my average purchase price being well below the current level purely because I have taken part in three secondary placings to seemingly allow seed investors to exit their early stage investment into the company ! Those placings were done at huge discounts to the price that was available in the market at the time they were offered and to be frank having seen the share price collapse each time they do not fill me with pleasure. It has to be asked why on earth those investors think an exit from a company on a P/E of 1.2 and trading so well with growth ahead of the market and incredibly with cash sitting in a bank (we did ask questions on this at the Agm)would want to sell at this historic low point ?? I have been given all sorts of answers by all parties (brokers, chairman, analyst, observers etc) but the general thought seems to be that investors in China cannot get their money out of the country easily and convert it to dollars or other stable currency and they invested in Naibu at either very low prices and a fraction of this price or obtained shares for work done on the eventual listing of the company. By selling that paper and getting hard cash in an overseas account is very attractive to them at a multiple of where they started from. I can see other explanations too...I also see the sceptical view but that depends on the whole thing being a fraud and I am not ready to accept that as yet mainly because too many people have suggested it purely because it is a Chinese company. As yet there is no proof and the UK based directors are putting their own necks on the line even a year after they were first challenged by investors. They have been out there many times and are closest to the action as far as investors here can see. I would still like to arrange an investor visit to China but in the meantime have arranged for inspection checks on the operation in its key locations. I will report back on those. I tend to derisk here by selling about half my holding when it has gone above 80p but that has only been because the past has shown there could be more 'discount sellers'in the wings. It now looks like they are finished. This could lead to a strong recovery if.... 1. Trading updates are good....there was one this morning ! 2. The results have a clear bill of health and cash is being generated. Coming soon in March ! 3. More healthy and chunky dividends are announced. 4. More UK institutions come aboard to replace weak holders 5. Confidence builds to show this is a daft rating for a company doing all of the above 6. The directors do a roadshow and results presentations (no doubt including Mello) 7. Retail data in China is promising and growth in the third tier cities continues. 8. The brokers do not ring me ever again to say they have yet another 3% plus seller wanting my cash ! So there you have it in a nutshell and you pay your money and take your choice. I see the risk reward with sensible checks and eyes wide open for my high yield portfolio. It could be that there will be a big run upwardsin the share price if a proper and full revaluation takes place but bad trading news really cannot hurt it that much. Fraud would be the biggest enemy of the investor but every dividend that gets paid makes this less likely and there have been two so far... Now the trading update is out I have invited the chairman to our February Mello event and the advisors and PR company too. If nothing else it will make for a night of intrigue....maybe we should hold it at a Chinese restaurant rather than SeaSalt ? Investing is never boring....Who has a good contact in a third tier city in China and likes shopping ? Any mandarin speaking business students looking for a 'paid for' research opportunity in their Easter break ? Confidence and sentiment could turn this into a ten bagger. It could also be a very clever dividend paying scam ! Bizarrely it could also do nothing but pay you 10% interest every year on your capital for the next few years but I really do not foresee the status quo as an option. Answers on a postcard from... (enter your favourite third tier city in China) I am a holder but only a medium sized stake and only in a specialist part of my portfolio designed to generate a regular cash return to cover the very extensive and extended Carmensfella clans living costs. It is working according to plan so far. David Twitter @Carmensfella |
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