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Last chance sub 20 if you are lucky
Soooo oversold. Check out the RNS. This is going to bag today
Tough to buy early on but i've snaffled a few, looks very undervalued at present.
Moving fast back up to 50s...gla
That RNS seems to have attracted some buyers. wonder how high it will go today . Surely not 370%?
Cash 370% current market cap. Too cheap?
Anyone read this RNS. Is it worth a punt today?
in the absence of news it may go sub 10p. it has to be a clrear plan on how to move the business foreward.
evening...the sp trend is screaming that..and the absence of non exex buying ..but ...but ..it just doesn't feel as bad as nbu
Evening, as tempting as a small punt would be in the 5p region, I fear that this will be suspended before it gets to that level.
surely shome mistake
btw. Abchurch are 'advisers' on a new Chinese AIM float (Aquatics, AFG). I posted a 'beware notice' over there today. lol. However, it's not so funny. It may be a v.g. co, and be hugely successful . One thing is for sure though, Abchurch will not have vetted their credentials. Take the ip money, and run for the hills.
Yes, but not with funds you wouldn't be willing to lose on a night at the poker table.
5pish for punt?...worth option money, no?
Good posts. I can't read Mandarin either, but have had a few similar blind wanders around the website and it has always checked out. I believe the non-execs when they say that they visited the stores too. So why the alarming silence? Impossible to get any reliable information on the Chinese nationals involved. Logically you'd expect the Nomad would be having a word with the company given the steep decline and lack of statement? Abchurch's silence only compounds these doubts.
Good word testpack. It's true that this one doesn't have as many red flags as others in the category... it looks and feels like a real company... and so there can still be some hope that this translates into value in the shares. But what is the probability...?
Out of curiosity ( and my money was also shouting), I entered the website today. The last update I could see was some 'fotos of a store dated 30 Jan '15. I also attempted a 'dummy' buy, and it would have been processed. This does not rate as a miracle, BUT, it appears to still be trading, and updating it's website. I think I will ask a mandarin speaker to have a look at website and verify my conclusions. On the other side of the coin, no reply, or even an acknowledgement from Abchurch re; my mail. Sounds about right for Abchurch. On a note to myself, if I see the name Abchurch associated with any future possible share purchase. Forget It. GL all
All you say is 100% correct. It's been in 'too good to be true' since it went below 40p ( when u, with wisdom, sold out). A miracle is required. I'm not losing life changing money, but it's a v decent few weeks in The Caribbean.!! The CEO must have had a few friends asking if it was a good share to buy. If the answer was , No, it's a dog, They would have shorted the share. If the answer was Yes, I can only assume the CEO's silence is caused by him trying to avoid The Triad every minute of every day ( hopefully). lol. Worse things happen at sea. Thnks for the good wishes.
No joy.. Roll on Monday..have a great weekend all
Great work testpack but I am afraid that this share is now in the "too good to be true" territory, which combined with the probabilities implied by investor experience with other Chinese companies, and in the absence of any action or assurance from the NEDs, tells us that there is something terribly wrong. We can now think of CAMK.LN as gambling chips which might be worth something, but probably aren't. I cut my losses at 39p and consider myself lucky. Good luck and best wishes to anyone left here.
This is copy of mail posted sent today. Canace is their 'Asian specialist'. Will let u know reply, if any. Dear Canace I write as a PI in the above. Could you ask the company to issue a RNS on the catastrophic decline in the companies share price. Recent P/L ( Sept '14) accounts showed £48M cash at hand and in bank equating to 64p ps. ?? The following is an extract from a recent rns from Mr Zhang; ''The Group was encouraged by the recent meetings its Executive Directors held with certain institutional and other investors in London and remains committed to active engagement with its shareholders'' Can you please suggest to Mr Zhang that now is an ideal time for engagement. Thanks in anticipation, and Kind Regards
Agreed, however, they aint gonna do it. They have had ample opportunities to buy, at what seems crazy sp when one considers 4p pa divi. The mm have crashed sp on a measly £40K B/S, and have a near 20% spread. Any company which is genuine would have issued a rns stating 'no reason for decline in sp' or ' the co notes it's recent decline in sp, and is suspending shares, and a further announcement will be made in due course'. The MM's think/know this is another NBU. The previous poster said 12p would be a good entry point. Not if it's another NBU? I got my av down to 27p, (at some cost), and am now in the all too familiar territory on aim, whether to cut and run, or hope for a miracle. The lack of communication from CEO suggest a miracle is not an option. From my last communication with PR co., it is as much in the dark as we are. $67M cash in the bank eh. The bank manager, clerks, would be buying this share by the bucket load. The next rns will see it go supersonic, or end up in flames on the runway. GLA
Good point jolly. They presented to investors in London last year and seemed genuine and decent knowledgeable guys. If they are happy to recommend the shares to investors then they should start buying themselves, they wouldn't need to put more than £50k-£100k in each to demonstrate that they are sure there is nothing fundamentally wrong with the shares.
A good entry price 12p
by non Chinese non execs is key imv ...they have kicked the tyres