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Agree
Think your right. Looking for 12p short term. What do you think ?
Good morning.
Should get to about 7p before news and after who knows . I"m looking for a minimum of 12 p
Way way Undervalued. Bought some more yesterday
It's got a hell of a long way to go before I'm rewarded!
Watching paint dry/GNG
one way this share in i am waiat till all the rest arive haha atb uld
Up 4% someone must have bought 5 shares..LOL.
As a result of these factors, the Directors now expect to report revenue materially below that recorded last year. In addition, since a proportion of the revenue shortfall related to performance fees, which achieve a higher margin, the operating profitability will be significantly reduced from last year's level. Investors should also note that the Company will incur a non-recurring charge to profits of approximately £350,000 from the aborted acquisition during the financial year. Despite the significant revenue shortfall in the final quarter, the Company had cash of £5.3 million at 31 March 2012 Notwithstanding the reduced profitability the Board remains confident of GEONG's business model and its potential. The Company is still getting new IaaS clients in its core markets and new industries with two strategic partners, and has not lost any IaaS clients during the quarter and its business partner has not moved any business to the Company's competitors. Indeed, the SaaS business gained 2 new SaaS clients during the final quarter of the financial year, a total of 16 SaaS clients during the year and is in current negotiations with another 5 potential new SaaS clients.
reaserch on that would be great as rns said alot different h2 is best time for this company.
It's a Chinese company,doubtful they have any cash reserves judging from their previous actions.all smoke and mirrors
Absolute bargain here. Had rises only last week of 95%..Roll on RNS...
bargin price
I can never understand how this s.p is so low as it should reflect company value.. S.P value is £1.37m but we have cash around 4m plus a few debts but turnover of around 9m and profits around 3-4m. I remember this dropping due to contract issues and drop in profit.
you could pay 10p for this share and still make 300% on h2 nwes as most profits come in then.spike due defo imo
Turnover £4.3 million (H1 2011/12: £4.7 million) - Gross margin 53.5% (H1 2011/12: 50.6%) - Profit before tax £0.16 million (H1 2011/12: £0.71 million) - Basic earnings per share 0.19 pence (H1 2011/12: 1.16 pence) - Fully diluted earnings per share 0.19 pence (H1 2011/12: 1.16 pence) - Trade receivables £19.8 million (At 31 March 2012:£18.9 million) including accrued income of £15.5 million (At 31 March 2012: £14.7 million) - Gross cash £4.0 million (At 31 March 2012:£5.3 million) - Order book £11.5 million (At 31 March 2012: £11.0 million) including £4.5 million for delivery in H2 Key Highlights and new clients - The Company is expanding its customer and geographical base by using its partnerships with IBM and Oracle to extend its location coverage across Greater China and Southeast Asia. It has now established representation in Dalian, Wuhan, Shenzhen, Macau and Hong Kong in Greater China as well as in Vietnam, Indonesia and Malaysia. Commenting on the results, Wang Weidong, Chief Executive Officer said: The revenue and profits after tax for the period are in line with Company projections and taking into account that the majority of the Company's revenues arise in H2, the Board remains confident that the full year results will be in line with those of 2012.
I've just topped up and that has gone through as a sell..Roll on may results..Can't be many shares in GNG floating about now..
re buy did you get them for2.9
nm...! spread was 3.5 - 3.75 and the price it went through at was 2.875.......................!!!
600,000 buy just gone through
another thing that seems odd to me is those who have sold today,why on earth do you want to sell at this level for,Well that's the market for you Lodgic doen't come into sometimes,still i will be a happy chappy here very soon,patience is the key here and we will all be very well rewarded soon.
still 3v1
Turnover £4.3 million (H1 2011/12: £4.7 million) - Gross margin 53.5% (H1 2011/12: 50.6%) - Profit before tax £0.16 million (H1 2011/12: £0.71 million) - Basic earnings per share 0.19 pence (H1 2011/12: 1.16 pence) - Fully diluted earnings per share 0.19 pence (H1 2011/12: 1.16 pence) - Trade receivables £19.8 million (At 31 March 2012:£18.9 million) including accrued income of £15.5 million (At 31 March 2012: £14.7 million) - Gross cash £4.0 million (At 31 March 2012:£5.3 million) - Order book £11.5 million (At 31 March 2012: £11.0 million) including £4.5 million for delivery in H2 Key Highlights and new clients - The Company is expanding its customer and geographical base by using its partnerships with IBM and Oracle to extend its location coverage across Greater China and Southeast Asia. It has now established representation in Dalian, Wuhan, Shenzhen, Macau and Hong Kong in Greater China as well as in Vietnam, Indonesia and Malaysia. Commenting on the results, Wang Weidong, Chief Executive Officer said: The revenue and profits after tax for the period are in line with Company projections and taking into account that the majority of the Company's revenues arise in H2, the Board remains confident that the full year results will be in line with those of 2012. The reduction in revenue and profit during the period has resulted from the strategic changes initiated two years ago, which, whilst causing a slow-down in revenues this year, will improve the longer term prospects of the business. The IaaS contract clients provide a strong base from which to develop our business but the gross margins are lower and collection periods are significantly longer than we can achieve on SaaS contracts. The Company has been monitoring, evaluating and assessing the gross margins and payment terms of all new contracts critically before accepting the business. As a result, the inflow of new IaaS business has slowed with a consequential impact on revenues. In addition, the Company is still in the transitional phase of seeking to capture more SaaS revenue from its existing IaaS customers, and, although it has secured two new SaaS contracts since the beginning of the year, taking the number of SaaS clients to 20, the full benefits of these contracts will not be seen until next year and thereafter in the form of regular and contracted revenue.
4.00 10,000PEEL4.50 10,000WINS4.75 5,000LIBC4.75 5,000XCAP5.50 5,000SCAP6.25 5,000CFEP