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Spoken to nomad who are equally perplexed by the disconnect between the MCAP and cash pile. Getting a more detailed response later.
%
Dropped to minus 16; now only minus 8. Is this going to be a repeat of yesterday +26 ish ? Could it be the start of a re-rate? Who knows.....
Twitter posts have increased in number today! Mixed views, but slightly biased to this being great opportunity for a 'Punt'. Volume also increasing today.
...can't buy. NT only.
https://markets.ft.com/data/equities/tearsheet/financials?s=GIPO:LSE
Grand Group Investment PLC (#GIPO.L)’s Movement the stock is oversold and undervalued July 12 2017 William Abels (link: https://tuckermantimes.com/whats-behind-grand-group-investment-plc-gipo-ls-movement/231903/) tuckermantimes.com/whats-behind-g…
Without some even half-positive newsflow, this one could fail to live up to today's above average excitement. Looking at the pattern of today's trades I reckon that many of the early day buyers sold up during the afternoon and have exited. I'd be happy to be surprised if things sparkle on Thursday.
Either ballsy or in the know
Looking forward to the morning. We might even get an rns.
after hours, tomorow could be interesting
trying to buy in under 8 many times since friday but HL don't want to know. When they do to deal they want more than it was worth at the time.
FoK only
Can't buy ffs
Out nursing their losses. Another rise tomorrow. Onwards and upwards.
talk of an RNS pending on #GIPO cash now standing @£30m after recieving last asset sale payment
ar'nt playing ball for the last hour ??
It's more than that if what they RNS'd is true! Stocklfare shows £16m cash, but it could be £25m + £6m... Not sure I agree with those stating that if it's in an RNS it must be true, I can dig out loads of examples when this was not the case... also the RNS itself states the £25m at the end of 2016 was UNAUDITED. Anyways none of this has put me off yet as it could be very juicy and will be watching closely... whatever you do don't go chasing rainbows here, its a PUNT.
Anyway unable to buy for the last half hour so the market's keen.
GIPO Net Cash is equivalent to 534% of the Market Value https://stockflare.com/stock/GIPO.L
People just don't believe it because it's Chinese. That said the RNSs are regulatory documents and therefore legal documents and they say the company has £25m in cash with more incoming. Fraud unlikely given what they've put out.
at the end of 2016.....strange this one too good to be true it seems ??
News Grand Group Investment PLC ("Grand Group", the "Company" or the "Group") Final Results Grand Group Investment PLC (AIM:GIPO), a provider of expansion capital and value added services to China-based SMEs with high growth potential, today announces its audited Final Results for the period from 1 January 2016 to 31 December 2016 (the "period"). For further information: Grand Group Investment PLC James Newman, Non-Executive Chairman Tel: +44 (0) 20 7398 7714 Yang Xiao, Executive Director www.grandgroupplc.com ZAI Corporate Finance Limited Ray Zimmerman / Ruby Qu (Nomad) Tel: +44 (0) 20 7060 2220 Andrew Wilson (Broker) www.zaicf.com CHAIRMAN’S STATEMENT 2016 was an eventful and challenging year. I refer you to the announcement of 30 September 2016 for a detailed explanation of the events leading to the delay in issuing both the 2015 audited financials and the 2016 interim statements. As notified on 30 September 2016, the company disposed of its two investments: Victory and JXT. These disposals triggered paragraph 5.6 (sub-paragraph 2) of the AIM Note for Investing Companies, and as such the company became treated as an AIM Rule 15 cash shell. In accordance with AIM Rule 15, the company has until 30 September 2017, approximately 3 months from now, either to implement the current investing policy or to make an acquisition which would be considered a reverse takeover under the AIM Rules. If the company is unable to do so it will be suspended again, this time pursuant to AIM Rule 40. 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.
Why? Said it all in last two RNSs. They have £25m in cash from asset disposal received and more incoming. It's very simple. £25m cash v £3m MCAP.
Can anyone explain to me as to why when I purchase a share the price tells me it was bought at 9.00 yet on my bookings my average price in 10.00?.