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You would think so! and all those recievables too!
Rerate to CIB, no?
cash = 3.5m market cap = 1.7m
A nice RNS
GEONG Social Business has been the new revenue element of our business in the past three years. It contributed 33% of our revenues in 2014 (2013: 29%), generated a higher profit margin of 67% (2013: 61%), and has shown a better cash conversion ratio than the IaaS business. Moreover, it is business of a recurring nature where the contract should be renewed annually in order for clients to maintain their platforms. The revenue stream of the SaaS business has three key elements: The Subscription Fee element is the platform solution being offered. It represents approximately 20% of the SaaS contract revenue.
GEONG's revenue is generated through two business streams: IaaS and SaaS. Over the years, we have built a customer base of over 130 clients. The IaaS solution has been our traditional business, named Smart Internet Solution, which in 2014 contributed 67% of our revenue at a gross profit margin of 41%. However the IaaS business is of a more long term nature and, with its longer payment terms, requires significantly more working capital funding than SaaS business. Moreover, the gross profit margins are less than can be achieved from SaaS business and it is, therefore, the strategy of the Company to shift the business towards more SaaS business and strive for a mix of 67% IaaS business (2013: 71%) and 33% SaaS business (2013: 29%). Our goal is to further broaden our SaaS solution offerings - Social Business, which is comprised of Social Marketing, Social Commerce and Social CXM (Customer Experience Management).
Will be an interestin year for GNG. They already signed contracts with few major banks in China. Income will increase significantly next year.
Net asset value is over 40p
I havent seen a company like GNG for a cery long time. To be honest people chase mining sector shares without any revenue. GNG already proved that its a cash generating company. 2015 figures must be really good.
i know, its mad. not only is it profitable but growing fast too! i expect profits to be very decent next year making this valuation even more ridiculous
is so undervalued at the moment. More than £3 m cash in the bank and a profit making company. But the market cap is only £1.3m..!!
i think i got in just under 2.9, it was the cheapest buy on the lowest day ever for the sp! im not willing to give it up for any less than 10p. last year i made a triple digit return although it should have been more. i have no idear why the price came back to me this year but i dont think ive ever been more sure about a stock. ATB
Iam holding 120954 not big amount got avg 4.6 cant wait 8 GLA
this is nothing compared to what will happen, theres no stock left to float when news comes through i expect three digit gains
Five buys in a day
I was just going to ask, what has pushed this share up on the back of no news. I am wondering if the company has a monthly purchase package or something as it does seem to rise about this time of the month.
on Halifax any thing over £100 pounds,unles I set trade plan.
Its the of year
think its due december but thats just off the top of my head, could be imagining it!
quickly...but that's been our PoV for ages lol
yeah, this year 3-6p has been the range. i know you guys have had a lot of fun with it! the CULS has effectively held this under 6p but i think this will be repaid shortly and the stock can break out to a fairer valuation (15-20p inho) also we are promised a detailed trading update in november so im hopefull of another propellant catalyst! atb
..the q is what is the trading range: 3-10p or 3-6p?? ...I favour the latter ...let's see
and im thankfull it did!
gl...the other side to the story is that it fell right back down again lol
last year this rallied from 2.6-13p low to high in quick time. this should be in the teens just to give something like fair valuation, although the board have never given any reason to distrust i think the stock is held down as a chinese company. hopefully in time things will normalise