obviously linked to rate of recovery within the China macro economic envoronment. That's almost certainly on a strong, positive trajectory whatever the 'actual' rate of growth may be. Hindsight will prove the point emphatically re: GNG imho
I mentioned this on the Lamprell board (in which I have a particular, informed interest) to share the stock's potential with my fellow holders there (certainly one of the most reasoned boards on the LSE forums).
Reciprocation aside, do your own independent research for ANY intended investment stock.
I'm holding for the circa 50p + levels to be reached again. I'm absolutely confident that will be the case given macro recovery of the China market, specific sector growth projections and Geong's strong position within that sector.
Everybody will justifiably have their own tagets and holding durations but my ones are for those stated & also reflect Dvaid Thornton's (new RHPS & Penny Sleuth editor) experience with ASOS. He bought in at 24p & sold at 49p, before the eventual rise to circa £46, thus forgoing a near £1.7M profit.
Having said that he still gained some profit albeit a very much reduced one from!!
With Geong & past issues aside, the underlying investment case points strongly to a major, multibagging scenario (imho & accepting the vagaries of the stock market), hence my committed long & sustained hold of the stock.
Good luck all & plan within your own investment criteria.
Same here m8, could have in and out quite a few times but decided to avg down to 4.00 from 7+ with some savvy trades, now left alone...there was a lovely run march when we hit 6.5 from 3.2 looking at treble figure% rises, had a good part sell then buy in at 2.95, there was no reason for the rise just mild speculation but huge buying pressure and demand due to the lack of shares in issue....While they still have that 4.3m in cash reserves then the s.p is valued at 10-12p current s.p values are just based on performance NOT true value...given the figures trading is marginally lower than previous years when the s.p was at 20-40p...
I've seen these rises quite a few times now...mostly huge jumps of 20-70% back to the 6p mark...I'm in for the long haul and sitting tight until 10p+.....GNG has held over 4 mil in cash for many years now valuing the company around the 12p mark....solid customer base, new clients coming up and a growing economy...2011 s.p 25p turnover 11.5m 2013 s.p 3.5p turnover 9m..4-5m in the bank throughout, .although profits are down, new guys on the team to tackle payments...also check out the big share holders in this little aim stock..
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