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here...but (literally) uncharted waters for TA so difficult to pick a figure for bottom. I remember thinking not so long ago that teens would be steal of the century. If it maintains the dividend then it will fly, but isn't it getting to the stage at which you'd expect the company to make a statement to reassure investors? Co has previously acknowledged China issues and in one of the April 2014 RNS releases there is the comment from the non-execs following their visit to several stores (and verified their existence). More of the same needed?
so the dreary trend resumes
flatlining...nbu concern...Chinese concern...cmb today/delisting risk ...but dirt cheap ...unbelievably cheap ...and of course that's the problem ...Have a good weekend, all
probably...fungible with cash pile of course ...the excitement /sp in the future perhaps hinges on whether this is an elaborate ruse...or a BSST corporate raid lurks (low ball delisting)..or ...(as I suspect) CAMK is ok
...so if you chose a cash payment then the cash sent to your account comes from the profits of either of these companies.
next q
With Script Dividend then CAMK like NBU never paid a dividend out of their cash. True or false?
Yes - the share price shows that CAMK obviously is a derivative of NBU.
Am guessing probable backlash today as a result of NBU suspension.
bottom...and the potential to multibag is as clear here as anywhere else ..a p/e of 10 would add a zero (dyor, all) ...an ev/ebit of 10 would take it even higher i suspect ...so the discount is astonishing
I probably wrongly dismissed this due to the Naibu factor and shorting campaign but probably worth another look if they maintain the divi which must be a nearly 25% on the current sp.
what are u looking for here? to encourage yr rebuy
what does happen here...so v cheap but nbu and other chinese concerns are so dense that that may still not be enough lol
tks
I think that rightly or wrongly CAMK is tarnished by NBU, due to the sector they are in and could be hit badly if NBU does go. JQW probably less so. SORB I just happened to spot yesterday and could buy at the bid so thought I would go for it. Also a few pieces of news are awaited in the prelims next week, so will see what comes out of that. Hope all is well with you.
why is jqw stronger than here? ...ps noted yr interest in sorb...why now for excitement?
Happy New Year, must admit I am struggling to see the wood for the trees on these Chinese Stocks at the moment. Sold out here a while back, but tempted to get back in. CAMK share a NED with JQW which I took a position in today. Still feel a bit uncomfortable with the "squander cash on useless factories strategy" ala NBU. Also pinning the tail on the Chinese discount is a bit of a finger in air job. The MO for the seed investors seem remarkably similar on all Chinese companies too. Any thoughts on JQW?
.
after all...nbu bombing
emerge...so perhaps not lol
seems plenty of interest @22.7-9p ...about as cheap as there can be? The discount for Chinese risk is eye popping
Dividend received today. Going to invest it here again. Stock is too cheap. Dividend is huge.
The cash dividend has already been reduced, isn't that quite a serious red flag? They say they remain committed to a progressive dividend policy, but I'd be happy to bet that only the scrip option will be progressive, and that the cash option will be flat or lower. Having the scrip option and the cash option at different values is another alarming red flag in my opinion - how many other companies do that and why? (the answer is not many!) I still think on balance that this is probably a real company and it is probably not out to screw the UK shareholders, but would recommend anybody dealing in this to keep their position size very low. I no longer own it and have no desire to get back in at any price. Risks can't be controlled or understood here.
If Mr Zhang had elected to tale his divi in scrip shares at 2.4p ps at strike rate of 36p he would have received c 3.3 m shares. The total scrip was 690.000. The total no. of shares then to be bought back would be 3.99M The shareback I suggested would naturally mean that Mr Zhang, in order not to increase his %age holding, would have to sell his 3.3m shares at market price when scrip shares were admitted ( today 19/12). He would receive £825K. By taking his 2p cash he has received £1M +. He personally would be worse off. If you are saying the market would take a dim view of him selling shares, in the context of what I have explaines, I think the market would see it as positive, and that the co does have cash in the bank for buyback. He may not want to sell at 24p because he knows the sp is undervalued. The sp is going to drift aimlessly until next rns. If it pays say 3p YE div ( cost £2,34M), 5p for year, then sp will rise significantly, but not to 60p. I am quiet happy to hold here as long as divi is paid in cash. If it ceases divi, sp will tank. As I've said many times before, this share is all about believability in the cash balance. btw, received my cash divi today account. so far good. All in MHO of course
I understand that the issue with share buybacks (including scrip buybacks) is that it would increase percentage shareholding of main man, and it's already at dangerous levels. Conversely he can't sell, because SP would tank. So difficult situation. The most obvious way around it (and something to suggest to the company perhaps) is that CAMK spend significant part of cash (20%+) on buying back shares, but at exactly equal proportions from the CEO and the open market...thereby reducing shares in issue and also slightly reducing his stake. They could do that I think, although it'd be a bit convoluted. Non-exec visits to sites are key difference between here and NBU...I've had my eye on this for ages...but mainly as a trade as I think clothing retailers are too susceptible to changes in trends/fashion