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I agree that the next news should help with some upwards movement. I'm hoping to see 6p by Christmas
Perhaps to the circa 70p levels, although a recovery in the Chinese domestic market as well as the relative illiquidity, could see a much shorter timeframe then that. Obviously that's dependent on increased business which growth in the China economy should facilitat - the 50p broker target price is certainly looking to that being achieved. Nearer term the next set of Results should see a major uplift in the price & confirm the path back to recovery / profitability which will be a pre cursor to achieving the above mentioned price levels. Well worth having some invested here at these levels imho & after doing independent research on the stock & sector.
Hence my post saying give it 5 years
GNG is just a put away and sit on it share, def agree with bonum, mkt cap no where near share price, any contract whether small or large will send this share flying, I think there is a good selection of solid investors sitting on this one inc some very very big broker holdings..GLA..
I think therell be further downward pressure on Solg tbh but thats offset somewhat by the Cascabel news due. Always heavy capex involve with those sorts of stocks & wonder why shareholders are so surprised when an fund raising occurs. Longer term prospects look decent enough accepting the risks associated with commodity price changes. Good luck
Some stocks are just like that with little investor sentiment attached. However. their often the Gems tbh, especially if the fundamentals & early signs look good for a recovery to occur. GNG ticks those boxes for me, especially servicing the massive (albeit slowed growth) Chinese market. That'll pick up & so will GNG's fortunes & share price imho. As it is we're at a turning point for the company as the next set of Results should expand upon. I'm not looking for a few pence increase but see this as an opportunity for a entry at current prices for an eventual rise back to the 40p+ levels. That's in line with my general policy towards individual stock picking & beyond the very near term rise I expect. Their investor relations probably do leave a lot to be desired. atb
The cash position alone (at 31 march 2013) values this at circa 12p, let alone the projected value as the company push back into profitability & future growth aligned with the Chinese market recovery. A good safety buffer for those considering investing & looking for longer term recovery of the stock
As long as the Company gets back firmly on the path to recovery a progression towards that price target is fine. it would represent a near 16 fold iincrease from todays price level anyway so we can see a multiple increase in the SP well before we aproach any broker target. It wasnt that long ago the price was above 40p with a sharp drop exacerbated by the small number of 'free shares'. We'll hopefully see an equally strong upward move once recoverys ore strongly established. The next update should be a positive one & will go some way towards reassuring investors of the above - that's why i think its a good time to start taking positions (after doing independent research for anyone interested of course). atb
Maybe in 5 years!
BUY http://capita.moneyam.com/broker-views/GNG/Geong-International
We also had circa £4.5M cash reserves as of 31 march 2013 as opposed to the current mkt cap of circa £1.2M - a good security buffer for canny investors getting in at these levels imho
We've got very few shares in issue with many held by the management & staff of the company - very few indeed in free circulation. Obviously a lot of residual negatve sentiment associated with the stock from the profit warnings last year along with Chinese / Global economic uncertainties affecting the broad market. However, the company are definately moviong in the right direction now as reflected in the last trading update & we can expect a more robust set of results expected in late July. This one can move really sharply due to the low number of free shares & with fortunes turning & strong indications of moving back to healthy profitability, its setting up for a major price re-rating imho. dyor as always
Have to agree with you JJ. Posters keep harping on about how undervalued this share is, but it's only value is what people will actually pay for it, which is 3p. I've been sat on a loss with this for 18 months and my holding is not worth selling now, so I'll continue to sit here until I grow old.
about this share since the last RNS. I've been doing lots of research and some dummy trades since Friday. MM's not been interested either as it's not been possible to sell much without it going to a negotiated trade. Crap website, emails not being answered and full mail servers not accepting mail. The last RNS just about summed it up for me, even management don't seem interested to put out such a despondent update. Sold half my holding this morning, down slightly, but still hoping for an improvement over the next couple of months to recoup that, then I'm done come what may! GLA & DYOR
Proactive investors have managed to make todays RNS sound a little more upbeat. GLA http://www.proactiveinvestors.co.uk/companies/news/57442/geong-set-for-another-profitable-year-57442.html#
GEONG International Limited (AIM: GNG), a leading Internet software solutions provider and operator for large enterprises in China is pleased to provide the following update ahead of the Company's preliminary announcement of results, which is expected to be released during the second half of July 2013. Trading performance for the year ended 31 March 2013 was broadly in line with that of the previous year with turnover at a similar level albeit at a reduced gross margin. As in the year ended 31 March 2012, the Company expects to report a small profit before tax for the last financial year. Trade receivables have increased over the period as a result of both exchange rate movements as well as an increase in accrued income due to invoicing delays whilst changes to the national tax system were being implemented. The cash balance at 31 March 2013 was GBP4.5 million and the Company has completed repayment of the GBP 1.5 million of convertible unsecured loan stock referred to in the announcement of 28 March 2013. GEONG has continued to execute its strategy of working closely with its existing customers and trying to drive more business from IaaS to SaaS in order to achieve a higher average margin and to improve cash flow. Market conditions remain challenging but the Board remains confident of GEONG's business model and its potential.
50,000 buy just gone through showing as a sell
4.5m in cash,made profit and market cap of 1.37m,,,this is 4x under priced imo
well how small is that ?
I too have just asked for a revision of the update news date... Expect no news to be bad news, that way, if it's not it's a nice surprise rather than a nasty one if you think it's going to be good and it isn't
Just to let you know, i have sent 3 emails recently over the last 2 to 3 months, i have never had a reply.... Its not on really. However, they did reply to my first ever email about 4 months ago. I hope you get a reply, Investor Relations really do need to get their act together and soon
It's my birthday to0day, so I'm sure the CEO will want to make a great announcement today!!!
to their head office this morning asking for a revised date for the update. Will let you know the reply when/if I get one. GLA