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the fact it has not yet means jittery investors even at this level.
Twitter posts saying rns coming out soon.
well who knows up 25%
lol yes true, but if it does well then maybe they should start handing out hall of fame awards for pump and dumpers
I think an RNS is required considering the cash element versus the sp. however this is a blind punt. who knows where it will go. Only a few hundred quid punt
too early to buy in with poor liquidity , maybe need to see an official rns released
Looks like this is worth a punt??? DYOR
Beginning to be appreciated after the small down-dip. mm's moving the bid/ask up.
Complete punt shadoww. That said they say they're sitting on £25m with at least £4m to come. All for at £3m MCAP...
gone blue. fell to 7.75p offer
Seems a bit risky this one but with that much cash it could on a run. Going to have a punt tomorrow
Only 2mm's here and both only showing the lowly 2000 shrs NMS. For the moment decent numbers can be bought, with 8p seeming to be attractive to buyers. Obviously if demand increases it won't be hard for the mm's to lift the ask on this seemingly risky binary bet, which might have quite a way to run.
GIPO Net Cash is equivalent to 534% of the Market Value https://stockflare.com/stock/GIPO.L
Anyone here? Just announced 2016 results with profit before tax of £2m and (as of end of April) £25m in cash and yet the market cap is less than £5m? They have to find an investment in the next 3 months otherwise suspension which is maybe why people aren't buying in here but should multi-bag if they do. I think it's worth the risk. If they don't find an investment then I assume they will give the shareholders the £25m cash through a special divi?
Has anyone bought in? I've recently bought in here as this seems a crazy price. The mcap is now £5m even though they have over £10m in cash for investments and this will continue to grow as each monthly payment comes in. I guess pi's are selling as they are getting frustrated at no news or am I missing something?
fall from 90p . They actually made a profit and are now a cash shell with over £6m in the bank. (not in here myself )gl to anyone who is.
Buy on HSBC
Results are due
Know of bad news?
Cannot see any bad news
SELLING OUT MY SHARES OMG TOOK A BIG HIT ON THESE!!!:(
starting to creep back up...hmmm
I calculate these guys have more cash (25/30%) than at IPO Jan 15 two years ago, clean shell, buys showing as sells. We had RMB 62.7 million (about £7 million) in cash on the books as of the end of the interim period, and recently contracted to sell our two existing assets, both at premiums to their purchase prices, back to their founders. Consideration for the smaller one, JXT, should be fully paid by the end of the calendar year, while the larger, Victory, is being paid in 12 equal monthly instalments. Thus, by year-end we should have a significant war chest of cash in the bank for further investments in 2017. As notified on 30 September 2016, we disposed of our two investments: Victory and JXT. These disposals triggered paragraph 5.6 (sub-paragraph 2) of the AIM Note for Investing Companies, and as such we became treated as an AIM Rule 15 cash shell. In accordance with AIM Rule 15, we have 12 months from 30 September 2016, i.e. approximately 9 months from today, to implement our current investing policy or make an acquisition which would which would be a reverse takeover under the AIM Rules. NAV per share as at 30 June 2016 stood at RMB 8.53 (vs RMB 8.42 at 31 December 2015) ie £1 Grand still had cash in the bank of RMB 62.7 million as of the end of the interim period. As of early December, proceeds from the sales of our Victory and JXT investments have been coming in on time, and cash has grown to an (unaudited) figure of RMB 103.6 million.
don't get much quieter than this !!!
Seem to have a load of cash .