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The company started 2017 with a virtually clean slate, having sold its investments. As of 2016 year end, proceeds from the sales of Victory and JXT investments have been coming in on time, and cash had grown to RMB 140.8 million. As of the end of April, funds continued to arrive on time and total (unaudited) cash was RMB 221.2 million – approximately £25 million. No new investments have yet been made with the proceeds. The group has much to do in 2017 - notably finishing collecting the proceeds from the investment exits, but as importantly developing the pipeline of investment opportunities and investing by the September 30 deadline. Outlook As the US Federal Reserve continues to look to raise interest rates, there has been a significant impact on the Chinese investment market, causing many asset prices to return to more rational levels. This provides a great opportunity for Grand. The sales of Victory and JXT have bolstered Grand's cash reserves for future investments. Now that Grand has regained listed status on AIM, it is in a better position to make those investments. James Newman Non-Executive Chairman
http://www.hellenicshippingnews.com/eyeing-maritime-clout-china-pumps-20b-into-port-projects/
....and now you can!
Wish I could buy at these levels:(. Time to sit tight..plenty upside. It's a 25mil+ cash sell.. looking for investment opportunities
... I'm still thinking I might have a go.
Paying over! 10p soon?
That statement was made at Xmas though when they re-listed. I bought these as a punt when they dropped to 20p at Xmas as I too thought it was a no brainer with the cash they have. I thought by now they would have had a new investment and the price would have risen back to 50p+. It hasn't and judging by the RNS I think it looks like they will get suspended in Sept as I can't see them finding a new investment in the next 2 months. That being said, it wasn't a lot I put in and I'm happy to take the risk and think eventually they will make an investment or re-distribute the cash to shareholders. Unfortunately though it has turned in to a long-term hold for me as I can't see it happening until 6 months time
As the US Federal Reserve continues to look to raise interest rates, there has been a significant impact on the Chinese investment market, causing many asset prices to return to more rational levels. This provides a great opportunity for Grand. The sales of Victory and JXT have bolstered Grand's cash reserves for future investments. Now that Grand has regained listed status on AIM, it is in a better position to make those investments.
:-(
Sub-6p now showing amongst today's trades.
1p is a wide bid/ask spread. Even if it can be dealt inside, it's still sends a message and without some favourable news then sellers could find it difficult. Mm's are still keeping a tight showing of only the 2000 shrs NMS each, on each side of the bid/ask, with only 2 mm's offering.
GIPO Net Cash is equivalent to 534% of the Market Value HTTP://stockflare.com/stock/GIPO.L
'Enlarged investing policy'.
Yesterday... tempted... will see how it pans out
Topped-up.....Couldn't resist.
Yea yesterdays RNS was asked for by the MMs as the were fooked so i feel was a little rushed read between the lines .....
Yesterdays RNS was precautionary but do not rule out new investment opportunities. The AGM in early August shall be let's say interesting.... According to recent RNS releases further cash is due. Cash in Bank £25.2m Current mcap £2.53m Disconnect??
Back the share price was over a hundred pence in second half of 2015 I cannnot find a reason why it has dropped so much.
Believe there are only around thirty per cent of shares in public hands which may explain how difficult it has been for me to buy in.
Why have they made this so clear in the rns... seems pretty clear that they appear to be planning on going into suspension then delisting so they don't have to abide by the fca regulations and can do what they like with the cash imo and share holders won't see any of it, it happens time and time again with these Chinese companies who delist, this one even has the brass neck to spell it out for investors that they could suspend in September then after 6 months delist, I wouldn't want to be holding this Chinese baby if it suspends with no way of getting any cash back, but to be fair they have warned everyone in the rns so no complaints if they do suspend and delist guys
- Just need more comprehensive details of the 'enlarged investing policy'.
The more I read the RNS and re-read the previous ROI's referenced in Yearly reports the more I like it. It'll be interesting to see what happens tomorrow. Phil
oops sorry about triple post
I don't think this will boom tomorrow... quite the opposite. Given the sentiment traders will want to be out of it during the weekend. I'm thinking I might still have a punt at it... but will see what it looks like in the afternoon.