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Good stuff! This share will no doubt recover. Exciting times.
Check it out - http://camkids.jd.com/
has begun to the interims....chinese economic index grew to 50.7 a rise 0f 0.3 and unexpected...economy growing and so will camkids sp and divi.....anyone buy alibaba?
Thanks testpack, I've kept faith in the company resisting the seeming illogical action of selling in the past 2 weeks so I'm hoping for good news.
It has to be outside of London trading hours. I get investor alerts by e-mail from the co., and todays was sent at 03.05 thia am.
Hi does anyone know what time in the UK the results are likely to be announced. Is it likely to be in the evening which suits the Far East? Thanks
It is possible that the fall is due to another Chinese shoe co, China Chaintek. It had rns out this am, sales up , profit up, but appear to grudgingly pay an interim of 2p with scrip alternative, and 1p if cash. Not what s'h wanted to hear. It would not go down well if CAMK pay scrip. We know from prelim. statement that figures on budget etc, just need a v, positive divi payment to allay fears. All in MHO of course
so camkids re-assure the market by announcing when it will provide its interims and some numpties sell off afterr mm's reduce the price....absolutely amazing trading strategies verging on stupidity...
Thanks lego
Makes sure you do your research on FLOW first before you buy. I ain't saying it is bad, but I am saying in relation of where the SP is, it's near it highs as apposed to near it's low for the year. GLA
i guess no one will be buying alibaba then ? i am sure the doom sayers will make some comments concerning the 40 thieves (directors) and that its a pyramid scam of some sort ...what utter tosh ....even nbu has rallied
Thanks testpack3 - will have a look
DYOR on Flowgroup, 40p, CEO stated will be £3 share. Really solid OEM. GL
It's the 3p spread that i don't like - back in at 42p the other day - this was oversold following NBU disaster - this should move back to 50p as the results get closer - however still big risks and low confidence due to being chinese - if or when it gets back to 50p then i am out and taking profit - although that dividend yield is attractive - my first day on chat so if anybody has any other 'safer' tips then let me know- cheers
Very hard to sell. I really don't like illiquid stock. I'll wait for the interim.
True, but I have my fingers in many pies atm.
legobrick girl ...but a profit banked cannot be lost ....i want the divi + the bounce .... nbu bouncing even without a divi... GLA
Thats me out. Happy with £480 profit for 1 day trade. Hope it all rockets for everyone still in. GLA
take off
this will rally now just you watch :p
in a weeks time after the results and increase in both profits and divi are announced and after the dust has settled with the referendum these will rerate and there will be some sad faces and monetarily challenged portfolios ....all because of another share thats currently regaining ground....the decisions people make in trading are sometimes very strange.....GLA and i mean good luck
Ok fair enough. How about COMS? A month ago you went on that board and warned everyone that that share was going down, and that it would get sold heavily into on every rise. I'm sure some people listened to you and sold up at a loss. 2 weeks later it had a great rise from which I may say I sold then and made a nice profit. If I had listened to you 2 weeks earlier, I would of sold for about £500 loss. My point is, some times trying to help people can have a negative effect. You make some great points some times and have done well on a lot of shares, but to be fair you have had some stinkers also. All the best LBG
Camkids kicked unfairly The pre-close first half trading update from Camkids (CAMK: 51p), the Chinese designer, manufacturer and distributor of outdoor apparel, was reassuring enough and certainly did not include anything to warrant the subsequent 17 per cent mark down in the share price in the past fortnight. Firstly, Camkids' board has confirmed that trading is in line with previous guidance. Matt Butlin, head of equity research at brokerage Allenby Capital, currently predicts EPS of 25.8p for the 12 months to end December 2014. On that basis the shares are now trading on a miserly two times earnings forecasts. The chronic undervaluation is even more extreme once you consider that Camkids had net cash of £30.3m, or 40p a share, at the start of this year. Furthermore, with cash flowing into the business post the year-end as inventories turned into cash and distributors settled accounts, net funds hit £37m, or 49p a share, by the end of February, or almost as much as the company’s market capitalisation now! So just like Naibu, investors are in effect attributing hardly any value to the business itself even though it is profitable and is supporting a full-year dividend of 4.3p a share. It also means that with Camkids’ shares being offered in the market at 51p, the historic yield is 8.4 per cent. Clearly, some investors are worried that Camkids is investing around £20m of its bumper cash pile between now and the end of 2016 to develop new facilities alongside its current ones. However, at current exchange rates that investment only equates to one year’s net profits, so annual cash flow generation will help protect those net funds. Moreover, this move will support its e-commerce initiatives, and logistics operations, and also enable the company to offer accommodation to staff, which in turn should help it attract and retain highly skilled staff. Given the problems Naibu has encountered, this looks a sensible move in my view. I also noted that the non-executive directors have now visited 40 of Camkids’ estate of 1,336 retail stores since the company’s IPO. It’s reassuring to have positive feedback on the quality of the estate, dispelling the scare mongering postings on certain retail bulletin boards. So, although Camkids’ shares are the worst performer in my 2014 Bargain share portfolio, with the business in the price for free, not to mention a further £32m of free assets on the balance sheet, I still believe that there is clearly value in the heavily oversold shares. Interestingly, a break above the June and July lows around 52p to 53p would also shorten the odds that the current correction is coming to an end. On a bid offer spread of 50p to 51p, I am happy to advise averaging down your holding cost on Camkids’ shares too.
It’s still my view that on fundamentals, and despite the downgrade, Naibu shares are woefully undervalued. They are also massively oversold from a technical perspective with the 14-day relative-strength indicator (RSI) on the floor, showing a reading sub-20. So although it will take a marked improvement in investor sentiment before the company is valued on a sensible basis, I am not bailing out and would advise taking advantage of the sell-off to average down the cost of your holdings.
Naibu share price sell-off A first half trading statement from Naibu (NBU: 45p), a Chinese maker and supplier of branded sportswear and shoes, has not been taken badly by investors with shares in the company falling 20 per cent in the days following the release. The news was mixed. On the plus side, revenues increased by 8 per cent in the first half, and marketing of the company’s autumn and winter collections has gone well. In fact, sales orders are 5 per cent higher than at the same trade fair last year. However, labour shortages have driven up labour costs in the coastal regions and the company has been unsuccessful in recruiting enough staff to operate six production lines at its Quangang facility. As a result Naibu is abandoning production at the plant and is in negotiations with third parties to rent it out. It is also being marked for sale. The net impact is that Naibu’s original equipment manufacturer suppliers will now supply the company’s branded shoes that were due to be produced at Quangang until Naibu’s new Dazhu facility becomes operational in the second quarter of 2016. But there will be a financial cost due to the lower margins earned on the outsourced production. Analyst Simon Willis at broking house Daniel Stewart now expects the company’s gross margin to decline by two percentage points to 25 per cent this year, and has edged down his volume growth estimate from 7 per cent to 6 per cent. This leads to an 11 per cent pre-tax profit downgrade. Also, a 3 per cent strengthening of sterling against the Chinese renminbi since the spring will impact profits once they are translated into sterling, resulting in a further hit to net earnings. Daniel Stewart now pencils in 2014 EPS of 46.1p on a fully diluted basis, down from 54.2p in 2013. This means with the shares falling from my recommended buy in price of 58p to only 45p, they are trading on less than one times earnings! That valuation implies the company has gone ex-growth which it has since Daniel Stewart’s hefty 17 per cent downgrade to 2015 profit forecasts means next year’s earnings are now predicted to be flat against the downgraded 2014 forecast. That said, post tax profits cover the 6p a share dividend more than seven times over, so the £3.5m payout looks secure enough especially since the company had net funds of £44.6m at the end December, or the equivalent of 76p a share. To put the valuation into some perspective, investor distrust of Chinese companies is so acute that the company now only has a market capitalisation of £24.6m, implying a negative value of £20m to the business itself. In fact, Naibu shares have derated to such an extent that its equity is being valued by the market at only 20 per cent of the company’s net asset value of £123m. Furthermore, with the share price bombed out at 45p, the 6p a share dividend equates to an historic yield of 13 per cent.