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with every divi isnt going to help sentiment......but would someone like to explain why sentiment would be down with an economy that is booming ....and camkids profits rising substantially year on year ?
At this price the dividend yield is excellent but sentiment, as you say, is very poor. Nonetheless the company actually looks good and the books are audited by Grant Thornton (unlike some other Chinese AIM listed stocks). The board have stated their intention to remain listed on LSE and I suppose the investment case almost solely relies on whether or not you believe that to be true. My view is that sentiment will improve but that it'll take some time. At least the divis are a good consolation while we await a more realistic share price. ATB
may drift lower on low volume and persistent sellers; plus awful sentiment (fully justified by BSST etc)
For instance, shares in Aim-traded clothing companies Camkids (CAMK: 56p) and Naibu (NBU: 63p), both of which I updated in extensive online articles a month ago ('Tasty Chinese takeaways'), 6 June 2014), have proved incredibly volatile. In particular, Camkids is proving a drag on the performance of the portfolio. Sentiment may be poor right now, but on fundamentals the shares remain undervalued and can only rate a buy on a cash-adjusted PE ratio of one and yielding 7.7 per cent. I am not changing my positive stance on either.
has finished for now.
its not one sellar , over the past few months there have been close to 35m of shares sold in parcels....that usually mirror the amount of buys , like yesterday ., yet no rns on thresholds crossed so cannot be board members or Institutions ... can only be day traders .....making tuppence ha'penny of 50,000 blocks.....if you have Lvl 2 check out past months sells , late reporting, late trades ect traded into a trough and will need some big numbers to get a breakout ...or the dt's to feck right off i am still buying to collect the divi ....one day they will get va va vroom
http://www.camkids-ir.com If you haven't already seen the investor relations video I highly recommend it. Camkids looks like a very impressive company moving very much with the times.
Is still dumping shares in 50k chunks. If this abates then it's a strong buy but until then it's a waiting game......Fundamentally it's a good share and like the fact that they are getting ahead of the competition with online sales even though it isn'r generating a huge amount of turnover in time it will! #sharemyadvice
Thanks for the recommendations. I am very curious to see if Naibu will receive yet another de-rating when people realise that they have the opportunity to invest in an identical company with an identical cheap website.
It was a non-event RNS. 'Trading in line with market expectations'. Brokers views are wide ranging. Consensus is £26M NP, 26p EPS and 4.3p DPS. This is all good, BUT I would like to have seen some actual preliminary TO figures for the operation. With UK retailers, one can always 'pop round' to a store to see activity levels etc, There's something gnawing at me with CAMK, but I will continue to hold and wait for the 'meat on the bones' in September.
massive sellers in the background....people thought seed investores but more likely day traded .....the shares have been kept in such a tight reine...and breakouts and MM unload like now
Not seeing any issues here bar a current lack of interest. A company quietly getting on with growing it's business. Happy to wait for the SP to catch up with the value and pick up the generous div in the meantime!
I think the price for both CAMK and NBU more than compensates for the red flags. Only time will tell.
Some nice buys this morning.
Post recommended. Does look a bit odd doesn't it. I too bailed on Naibu in the 80's after Simon Thomson's first buy rec. Don't think i will be going back there. More comfortable here. Will be intrerested in the costs of manufacturing facility as these seemed disproportionate on Naibu.
RNS · trading in line with market expectations · 51 additional retail stores added in 2014 · e-commerce business building momentum · increased marketing activities including various TV interviews with key management Zhang Congming, Chairman and Chief Executive Officer of Camkids Group plc, said: "We are pleased with the strong progress that the Group has made in the first half of 2014 and that trading continues to be in line with market expectations. "Our R&D department has been working hard on our new product range that we will be showcasing to our distributors at the 2015 Spring / Summer Sales Fair, which will be held in Jinjiang on 4 August 2014. With regards to the proposed manufacturing facility that we outlined at the time of our final results, we can report that we are currently in advanced negotiations on a site which is located near to the train station in our home town of Jinjiang. We look forward to reporting further updates on both the Sales Fair and the land acquisition when we announce our interim results in September 2014."
I've been watching this and Naibu for a while. Naibu has a LOT of red flags and eventually I decided that it was too dangerous for me. Camkids is very different, however what I think may have spooked the sector is the announcement that Fraspens was going to float. Compare the Fraspens and Naibu websites (both using Daniel Stewart as NOMAD): http://www.fraspens.com/fs/ http://www.naibu.com/
The trading update issued on 5 June stated 'Zhang Congming (Executive Chairman), as a shareholder of the Company, has elected to receive his dividend under the Scrip Dividend arrangements as he considers Camkids' share price to be fundamentally undervalued and not reflective of the confidence he has in the future of the Company'. Says it all really - this looks significantly undervalued and I purchased 2500 late afternoon at 54.5p. GL to all holders.
10 x the Net profit of Boohoo, and a tenth of the market Cap + a decent Div. I'd be more nervous holding BOO. CAMK just needs momentum, more regular news would help.
may offer unpleasant shocks?...there was a nasty de-listing last year (BSST was it?)...and cash is difficult to get out of China, I think...and why is it listed here in the first place???? ...interested sub 40p as risky gamble
I took the opportunity on Friday to buy some more of these along with NBU which is in a similar boat. Currently unfashionable and therefore a great opportunity. One day this will be fashionable and the share will be much higher. In the meantime we will get enormous dividends. What's not to like?
why would anyone not think this company 'existed' they are listed on aim....i have collected my 2nd divi and quite happy to average down whilst funds become available....the chinese economy is massive and growing all the time...as are the middle classes that will buy the clothing as are the shops and superstores that will rollout throughout the country as will the divi grow....and be collected .....thank you very much
If someone thinks this company does not exist, I can say it really exists. I collected on 11/7/2014 my first dividends. I keep this one. Big dividend. And growing.
as we are still awaiting the final seed investors selling up....incidentally being a foreign owned company does it have to release an RNS when thresholds for large shareholdings are crossed +or- 3% does anyone know?
Sales/price ratio of 0.43!?! Absolute steal, SP should be nearer £1.30? Surely only a matter of time before this share picks up.