Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Where do you find another stock that gives you 16 % dividend a year? Can you tell me? Until now, Camkids did pay each half year a dividend. I don't see why they wouldn't do it now? They have enough money in the bank.
435K shares traded last Monday, and hardly any movement. Less than 60K traded today and up nearly 8% !! We are expecting rns this month for FYR ( last year 22nd). IF final divi of 2p is paid again then sp should be + 25-30%. Back to the same old question - has it got £40M in bank. If divi cancelled, sp tanks, Soon find out. GL to all the faithful.
This looks to be finally waking up!
but the greatest gains come where most fear to tread ...this is still unbelievably cheap if not a scam ...it could even 10 bag over time if confidence returned ...easily multiple (5-7 times higher) in short order ...IF
be worth it? Last year, result was issued 24April. The Yuan at 9.81= 1GBP is 10% stronger than last year, giving a currency gain for S/H. We have already been advised that T/O is down 10% on last year, but still leaves +ve cash flow and profit. The BIG question for confidence in this Chinese stock is will a divi be paid. Another 2p final divi will cost £1.56M, and should be no problem with the reported cash in bank. If the divi is suspended, sp will tank as investors fear another Naibu. If divi is paid, and there are no 'fishy' impairments, and/or 'fishy' capex, then 30p here we come. Interesting to note that T Winiforth of shareprophet has said that Naibu's disappearance of CEO is due to him being in jail. He surmises that incarceration is because of dodgy accounting and fraud with NBU. If this is true then our Mr Zhang should be issuing audited A/c's that bear a resemblance to the facts? Should be v interesting, and GL to all the 'foolish' investors still here. lol All in MHO of course.
?
creator
nice round 20p...perhaps until clearer whether divi will be paid again... ..so that could be a couple of months of nothing much
like the rain lol ...better not to fight it, I guess
has been right play ...and may be right here now ...but the upside is now Jolly tasty lol...if this is not a scam...which I am betting it is not
Todays fall on the back of NBU. CEO and CFO untraceable. !! Nomads and Abchurch utter waste of space. What were NED's doing? However, I do believe ( just) CAMK is different. I av down at 14p, and av now is in high 20's. If another divi paid in April, then 30p+ is realistic. If no divi because of market forces and distributors not buying, then sp will tank. Still hoping the miracle will continue.
for loss of £100 on negative flip (had sold most @20p having bought big @12p)
I has a Mandarin speaker check out the website over the weekend, and he says it's a good site, with new products, offers etc, etc. Again, a dummy purchase was attempted, and would have gone through. Another nice rise today of 8% on a ridiculous low volume of 40K shares. It's not a 'miracle' yet, but there is some confidence, and positive sentiment in the stock, - doubled in 2 weeks. I'm sure there will be some profit taking - why not, but will repeat again, IF it pays 2p or more divi in April, then the miracle of 40p ps will be a reality!! Usual AIM stuff, exciting when we do not know the facts. I did buy a few more (£1K) at 14p, to reduce my av, sp, and am going to hold 'til April and the divi or no divi. Good stuff. All in MHO of course
no...Zhang could be decent bod for all we know, caught up in difficult dilemma ...he doesn't want to sell at ridiculously low sp, and the fact he owns the majority is a significant reason for PIs/IIs steering clear ...I would like to see the non execs buying 20%+ from Zhang... ...that ex goldman sachs geezer shd be able to structure a reasonable deal... ...v creative GS: think Greece off balance sheet transactions: see Bloomberg extract below coutesy Bloomberg: "Goldman Sachs Group Inc. managed $15 billion of bond sales for Greece after arranging a currency swap that allowed the government to hide the extent of its deficit. No mention was made of the swap in sales documents for the securities in at least six of the 10 sales the bank arranged for Greece since the transaction, according to a review of the prospectuses by Bloomberg. The New York-based firm helped Greece raise $1 billion of off-balance-sheet funding in 2002 through the swap, which European Union regulators said they knew nothing about until recent days."
Zhang obviously knows it is not true then or he would have taken it private
why private? well if cash true & true worth £1+, why not buy @20p? ...or lower ..BSST set the tone with low ball "offer"...offer that PIs could hardly refuse lol
Why would Zhang want to take it private? My biggest concern is this - Is he telling the truth in all his statements, particularly, £36M in cash, and Company is committed to Aim listing. He is unlikely to lie about one, and the other is the truth. They are either both lies, or both the truth. Regarding Cys comments earlier re; currency rates and exports. I have never read in any rns that co exports. It's clothes and ancilliary items are out-sourced, and as far as I am aware, in-house products are shoes. So, returning to de-listing. If the statements quoted above are lies, then it is inevitable. If true, then future growth plans may include the building of the new factory, with clothing an in-house product, exporting, opening shops in Russia, Japan, USA?. This might need capital, and if statements are true, sp will recover to 60p, and raising cash from AIM will be more beneficial to Zhang than raising private funding in China. As I have repeated ad nauseum, this share is all about believability. btw. I thought there might be a pull back in sp today after yesterdays 40+% gain, but no, up a little. But why the massive spread by MMs Would welcome any thoughts on this. All in MHO of course.
that is my biggest worry...BSST all over again
to investors like my self, with this stock, is that it will be taken private again. The AIM listing brought in a massive cash injection and the major shareholder can now pick it back up for peanuts without much to stop him. I have received all 3 dividends in cash and now have a low average with an excellent prospective yield. The Camel brand is an upmarket brand and one to be seen with in China and other far east countries where there are many affluent individuals with young children (limited) who get the best things their parents can afford to give them. Camkids is the child friendly brand of Camel. If you look at the clothing offered in my earlier links you can see that there is a lot of attention to detail, particularly the intricate interweaving of the brand name throughout many parts of the garments and footwear. They use western style models as these are aspirational in China and they use bright colours and fun based themes and settings to promote their range. They are suffering a dip in trading as are many retailers but I, for one, am taking a punt on them bouncing back toward the end of this year or early next year. Everything they are doing appears to be sensible from a logistics point of view, such as discounting stockpiles and keeping the cash coming in wherever they can. Clear out the old stock and get ready for the next season. My other small worry is the effect of currency exchange levels. However, if they price their items in USD then exports should take off whilst domestic sales may not generate enough profit once converted to accounting currency.
So shareaction, you are calling Zhang and his fellow BOD liars, in that it has deliberately mislead shareholders in order to attract investment. If the co's. Registered office is in Uk, the BOD can be personally sued through UK Courts. Although extradition would be extremely unlikely, travel to Eu, and any other Country with which UK has a treaty would be v risky. Good fun eh. Roll on April and the divi - or not. It would need an Houdini act to answer the questions if no divi paid, since as u rightly say, it would cost peanuts c/f to alleged cash at hand, And since the new factory is postponed, cash burn is minimal, and it will still be in a +ve free cash flow position with only a 12.5% downturn in orders received from distributors. Is it worth another punt to bring my av, down. The adage throwing good money after bad comes to mind. Hopefully, The Triads will get him if he's a scoundrel - lol. Take care and good luck all.
That is exactly the inexplicable point, testpack, if Zhang didn’t want to be seen to increase his percentage holding he should have taken All the dividends as cash. Simple! However he knew that if he did that he would bleed the company dry. So he mostly took scrip shares. Why? He had no choice, there wasn’t enough cash. You are correct, £41m cash (normally) is plenty to pay £1.5m dividends so there should be no reason to offer scrip. However if you haven’t got anywhere near the £41m in cash you must do anything to minimize the use of cash, for instance offer scrip instead of cash divi. It is clear that it is an extremely tricky balancing act to offer dividends to sweeten the shareholders when you haven’t got enough cash to pay it. To me, everything CAMK does has hallmarks of a company with very little unencumbered cash.
Also, the fact that the cash divi was reduced but scrip remained the same suggests a cash issue here. As I said earlier, I wish all private investors the best.
A few mistakes there shareaction. First, Zhang said he wanted s/h to take scrip, and that he would take cash, since taking scrip would increase his already substantial %age s/h, and he did not want to give the impression that he would de-list the co., and take it private. In the end, few investors took scrip ( 600,000 shares), and Zhang himself took 60% in scrip, and not cash. . No, 2. Quote; As for the argument that the company would benefit from saving cash, speaks volumes as they here implicitly admit that they have got very little of it' Today co said it has £41M in cash, and in my book, that's lots of it. Is it believable though, that is the question, and in part it will be answered if a divi is paid FYR.
This is “why” they offered scrip as an alternative (from their website): “The benefit to shareholders in electing for the Interim Scrip Dividend and receiving their interim dividend in the form of new Ordinary Shares instead of cash is that they can increase their shareholding in the Company without paying dealing costs or stamp duty. The scheme is also a benefit to the Company since the cash that would otherwise be paid out in dividends is retained within the business.” Well, the chairman said he would take scrip and with his 70% holding that would sort out the CAMK’s cash dilemma as only maximum 30% would be paid out in cash, assuming all the rest took cash. As for increasing shareholding, that is the simplest thing in the world without scrip, and saving 0.5% stamp duty is nonsense as AIM shares are mainly stamp duty free and otherwise totally insignificant anyway. Saving brokers commission is also peanuts after all the losses incurred. As for the argument that the company would benefit from saving cash, speaks volumes as they here implicitly admit that they have got very little of it. No, this scrip thing was a stunt designed to silence those of the shareholders who doubt the figures they present. Failed miserably.
Many FTSE 100 companies also offer scrip dividends as a matter of course. It is a very cheap and efficient way of re-investing your dividends back into the company and conserves cash. Camkids have offered both alternatives in the past, so why stop now? GLA