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someone bought 21k at 11.1p this morning. Talk about unlucky timing...
Bad enough the serial diluters, but everyone knows whats going on here and yet nothing gets done about it.
Market cap <£10m, 12 month return nearly -80%. Best case scenario is that they take it private a decent level but I don't see why they would. Why not just let it go zero and then walk away? Nearly there already.
but agree 5-7p may be worth upping my micro holding (1500 shares lol)
I think this is good company, but there is no buy appetite, hence I think SP will tank further. Maybe 10p, maybe 8p before recovery.
Naturally, CEO answered important questions at Q&A with a straight bat. The answer as to why no divi paid when £40m ( alleged) in bank, was, 'conserving cash' in difficult times. With Zhang's holdings of 52m shares, a 2p divi would have grossed him £1m+. One would naturally assume the co. hasn't got the reported cash. However, on aim, it can be very wrong to assume anything. I walked away with a modest profit, after averaging down when sp tanked last Feb to 14p and sold at 36pish. I bought it again at 15pish before Q&A session in the belief sp would spike to 20p+. Not so. unfortunately. However, I take comfort in that there has been no big 'sell off'' following Q&A. The Chinese market ( along with other Asian markets), has had significant upward movement in recent weeks, hopefully spurred by consumer spending, and I am hopeful that when Zhang next reports, he will deliver encouraging news. It's not a boring share. As for Jolly, DD on this share is a minefield. The fundamentals say 'screaming' buy, the rns's of late say it's a dog. All in MHO of course PS. for Jolly. I did note yr response on the SRT bb. I did not respond to bakky since it might encourage him to give further advise. I try to give opinions, not advise. I'm sure he means well as a ramper. Only rns's will tell us if CAMK or SRT hit 50p first, or 10p. Whichever, Zhang and Simon will both be rich men, but far richer if it's 50p sp. GL
yep. allenby ok i think (on basis of next to no dd or thought lol) ...tempted here?
is either/both (i) resumption of divi or (and probably better) (ii) large buying by non Chinese NEDs ...until then, the prudent discount to be applied here for a complex bundle of risks is enormous imv...so large that I cannot buy more ...and just my tiny residual holding
That's the Investor Relations site. I'm not alluding to anything, but just thought it odd that the www.camkids.com site hasn't been bought.
Can anyone please let know what happened
www.camkids-ir.com
Your talking BS Mr poppy. Weird how you only have 4 posts. Wonder why.
Just wondering why the website www.camkids.com is openly for sale and not purchased by the company? Seems a tad odd.
Revenues for the first two months of 2015 were approximately RMB 156m (unaudited), some 4.9% down on the RMB 164m generated in the first two months of 2014. The Group's original order book for its spring/summer collection 2015 (H1:2015) was RMB 378m, some 13% down on the H1:2014 order book. However, the difficult trading conditions within China at the current time have resulted in cancellations of orders. Added to this, increased price pressure and competitiveness from international brands has necessitated price reductions of between 5% and 12% across the Group's brands with effect from 1 April 2015. This has resulted in the final order book standing at RMB 269m, 38% down on the H1:2014 order book. The Directors anticipate that a similar trend will be experienced for the Group's H2:2015 order book. The Board continues to review the Group's cost base in 2015. On the verge of huge losses and contracting revenue, depleting cash position... looks cheap though!
Yes, otherwise why depart from the norm and have a Q&A session for shareholders. To get loadsa money on an IPO Get loadsa more money in London
Does Zhang care about the sp? Why is this stock listed? Why in London not Shanghai?
Following the agm on 11 June, Mr Zhang will host a Q&A session !! Telephone and/or e-mail! This is a new departure for the elusive Mr Zhang, who has not appeared at the last two agm's. He has obviously been advised by departing NED's et al that the sp is not only driven by a set of accounts, but by effective and factual communication with shareholders. I re-bought in a tad above 15p, and added more today - why? Mr Zhang is going to give s/h's good news at the investor call. In mho, he will state a divi will be paid at interim announcement. He may well state at agm that a 'special divi' is being paid asap? Why do I state this? It's a non-regulatory announcement, and he would'nt do this to give shareholders the same old platitudes on why the divi was scrapped, and the reasons behind the NED's resignations. I see this sp at 30p+ after 11 June. Get yr questions in, not the obvious one of why was divi scrapped when reported EPS was 22p, but what are the export plans for USA, Eu and Russia? Plans to include 'adult' range of clothing and footwear? Why place $10M in bank at 3% interest when similar investment in any of previous would yield much higher returns? There are more which will be relevant, and I'm sure Jolly and Rockazioni will find more pertinent questions. It will be interesting. All IMHO of course.
Its greatly undervalued if truly its a genuine firm. Sp should be approx 150 instead of 15. But If fraud like naibu and others than its very over valued. Its a gamble, i feel oddly heavily against pi. Be very careful.
This company looks to me to be hugely undervalued. Initially I thought something fishy was going on but the CEO holds 70% of the stock so surely he would of sold in the 100s if that was the case. Definitely worth an investment in my opinion. Good luck all holders.
I'm doing my research on this one and I've come to the conclusion that this is either one of the most undervalued stocks I've ever seen or there is something fishy going on. I would appreciate other views but it looks to me like this year will be a bad one. We have had director resignations and wage cuts.
5p u said. I said 15p. Steady at 15p with buys. I trust u shorted it?
Yes, it was suicide money I used when buying at 15p 2 months ago, and sold at 36p;lol Of course. 'play' money is relative. I do not invest, or even play in 100's of GBP. But to repeat myself ad nauseum. If it goes BK. I will not, but thnks for your care.
I hope this is play money you are buying with (or what might be referred to as suicide money).
I know Jolly and I 'jumped ship' in the mid 30p sp, and I suspect quit a few others as well. With the sp down to 15p now, is this the bottom? Below is a paste from 2nd Feb rns. 'The Group's cash balances as at 31 December 2014 were RMB 410m (unaudited). The Group is increasingly looking to manage its treasury function in a more pro-active manner and in April 2014 placed approximately RMB 100m in a 12 month deposit account at a 3% pa interest rate. The Directors note the recent falls in the Company's share price and consider that the current price fundamentally undervalues the Group. As stated above, the Group's cash balances as at 31 December 2014 were RMB 410m (unaudited), equal to 57p per share or 370% of the Company's market capitalisation as at 3 February 2015. The Group remains committed to its AIM listing.' The interest at 3% on £10M ( if believable, lol) is £300K. The free float shares are approx. 25M ( exc. Zhangs 50M+), and a 1.2p special divi could be paid to free float shares using just the interest. Will Zhang do it? Naah, don't think so. With recent resignations by NED's, there is unrest in the camp, and possibly due to divi, policy. I'm going to start 'dripfeed' buying at this sp since I cannot believe Zhang has told lie after lie. The website is still running and being updated. Next RNS on trading in about a month, and will be plenty of jam tomorrow. Crikey it's exciting. lol.
going where I said.