Thanks Hawk, have also been a holder for a few years now, going to need a bit more than luck more like the management team making a concerted effort to repay the loyalty. I contacted them about a year ago and once they finally got around to answering, explained that they are making every effort to improve matters.... Well I guess as you pointed out, they have made some changes and statements, but still no rise in the share price...!?? - All the Best
Yes am with you on this one CH, its another of my "Lemons" that has plummeted so far that the turn should be just around the corner. I also have (PTF) and (KSK) which are similar, whereby I have held on to them because I cannot believe that they will not eventually improve. I am on a purge at the moment and am chasing the management teams, I have had some luck with (PTF) but (KSK) are not responding at all. For what its worth I have sent out a mail to Origo today asking a few questions on performance and share price etc. I will put up a posting if I hear back.
agreed that this should have troughed out by now, given what's gone on in china. mongolia is still a bit of a mess, mind you... petercam are now out but i guess we have to assume that there's another seller who just wants rid of the stock and this is keeping the sp under pressure? In addition, there are pref share holders here who may be adding to the complexity of the situation. i've decided to tough it out. I don't see any advantage from selling here. ultimately, this is asset backed and most of those assets are more in demand than they were a year ago and perhaps, incrementally, asset values and share price will start to increase. hope springs eternal.
Further downward moves today, I know the general markets are heading south but this should have hit bottom some time ago. I am going to try to contact them for some information, hopefully I will get some answers ?
Down some 4% today, really thought this had bottomed and we would just see upside. With the climb in the Chinese markets over the last few of months I cant believe this is going in the opposite direction, smacks of poor decision making from the management over a long period. Wonder if they will ever get their act together??
So, this is a complicated picture but, to cut a long story short, we are closer to the point at which assets held by Origo, such as China Rice and Kincora, will start to be sold-off. All an investor has to do is work out if the collection of assets are worth more than the 7.2p per share they currently have to pay (also taking into account the preference shareholders' prior claim on some of any cash realised under certain circumstances). Given the brutality of asset revaluations of assets in this and other China-focused portfolios in recent years, I'd suggest that there is room for comfort here. In addition, the recent relaxation of foreign ownership rules and the fact that the SHCOMP is up 20% from recent lows, should all give more confidence. This is probably a fantastic buy for a retail investor willing to risk a few hundred quid...Of course, if I had the evidence to demonstrate that it's a fantastic buy, the share price wouldn't be down where it is. DYOR, etc. etc.
I think the Origo you arre talking about is a new private company. This Origo on this page specialises only in Far East Asian equity, mainly Chinese and Mongolian. If only it were true that this Origo received that money..... Cheers GLA
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