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I also emailed yesterday the ceo Wang Weidong and he hasn't replied yet either . Time to copy the correspondence to the ambassador. Bad governance endangers the reputation of corporate China.
I emailed the chairman Henry Tse over the weekend and, although I gather yesterday and today are working days in China, I have yet to receive a reply. That does not augur well.
anybody know detail on the agm to be held in Beijing on Dec 28? What is the significance of the businesses being sold? I shall try to call the chairman but ....
gng camk nbu... ...and there are plenty more to fall ..aim at its finest
Never sell a rising stock,and never buy one falling..the Chinese proverb goes,Give it a bit longer,we could be on the crest of a wave??
chinese stocks aint attractive in my or most views,,,the roll call of disaster is growing
nagging
another chinese company with dubious accounting practices..just the 20mill write off
So what will happen with them?
Intestine RNS today. GNG staff own 1.4m options at an average strike price of 44p in 2017.
Anybody else here with a shareholding? Time for an alternative?
Thats good enough for me. Been in for a year and wiped it off but now can exit at break even. Sweet deal for me
A bit to go i hope
.
i know the share price was in the Doldrums prior to this potential offer, but an offer of 5p a share is outrageously low. The Net Assets in the 30/09/14 Accounts are 49p a share. So Hanafins offer is 90% less than the Audited Accounts say the business is worth. Thats before adding the enterprise value of the ongoing business. Its a stitch up at this price and its the duty of the independent Directors to fight for a fair value for our shares.
Guys!
5p a share
Jolly ...u could be right there.....
if you say so
the risks...and NBU before that..and BSST...etc etc
Having seen so many punters lose 95% and more of their stake through investing in this poisonous outfit ; today's recommendation from rivaldo to join in the "fun" must surely be an unfortunate jest.. Imo a 死猫反弹 is the best anyone can hope for. 遗忘 seems more likely.
The 36% rise was sparked by just two buys totalling 75,000 shares, or around £1,500. At a mere £900k m/cap, that's why imo GNG is worth a punt for new investors.
Nice move up :o)) The m/cap is just £890,000 now at 2.38p. Worth at least a small punt at these levels imho for newbies. Plenty will disagree of course! I've met the directors, and spoken to them, a number of times. So have a number of others whose judgement I respect (brokers, advisers, analysts etc). All believe GNG to be a kosher company. They have just (a) made some very poor decisions over the years, and (b) have had an incredibly slow cash flow model because as a small cap they were beholden to the mega-sized Chinese banks' inordinately slow payment policies. The SaaS transition has been designed to accelerate those cash flows. Who knows how long an upturn will take. Could be months, could be years. However, for a company with £8m+ turnover, operating at around breakeven or better - and with around £20m of mainly blue chip debtors - a sub £1m m/cap is imo a good bet for at least a small punt on a possible eventual multibagger with relatively little downside (assuming you believe the company is kosher, as I do).
pleased i went with the gut instinct here, underlying today were big sells. i felt something was off but im struggling to believe this is a bogus company like NBU etc etc, thoughts?
Solid update then. Chinese debtors, revs may or may not come....hmmmmm