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good RNS, steady rise +40% ATM, could see 50% by close, undervalued, 4mil + cash and MC 1.22 mil...???? should be near 20p IMO
15-18p by may...Company has always performed well, they seems to have weathered the slow down well, drop last year due to delay in contracts and costs regarding other issues which resulted in a low than expected profits..plus the delay in the new saas clients..I can assume that the new contracts are online and producing as we'll as no other external costs/delays..Def been good trading as the debt was managed efficiently plus the fact company has market cap of 1.6m to a cash balance of over £4m..And as there are very few shares in issue any big buys sees rises of double figures every time..Look at past charts 4p to 7p in a day on spec and buying pressure..Sit tight until 20+. It will get there..
looks like we got another tick UP, the day is long
i have come on board here as i have seen this share in the past rise and multi bag many times just with the fact shares are as rare as hens teeth.
New SaaS Contracts due as you say - many who are familiar with the investment case, underlying geographic market factors & tendency of the price to experience strong moves would concur with your mid 20p estimates atb
Most shares owned by the Management & company employees so very few free to trade. That's what instigated the exeagerated price drops in the first place & should see equally large moves up as a shortage of stock should reflect in major upward price hikes gla
Exactly as I predicted back on the 18th march...Now we just sit back and wait for the trading volumes..Very few shares out there and any big chunk buy will see a dramatic rise..New saas contracts we due on line this time last year so if on line and producing should be back in the mid 20,s by may update..GLA..
good luck if you manage to get in
Its showing only 37 million shares in here and i have heard in the past not many of those floating around,
this share can move fast on good news
Should get a good recovery in the SP being initiated now, as the uncertainty re: the CULS has been taken away & the Company regain traction underpinned by growth in the domestic market. dyor & gla
"The Company intends to provide a full year trading update on 20 May 2013 with the results scheduled to be announced during the second half of July 2013."
Excellent & as expected by many of us here
GEONG International Limited ("GEONG" or the "Company") Part repayment of Convertible Unsecured Loan Stock "GEONG International Limited (AIM: GNG), a leading Internet software solutions provider and operator for large enterprises in China, announces that it has reached agreement for the part repayment of its outstanding £2.5 million convertible unsecured loan stock ("CULS")." http://www.investegate.co.uk/geong-international-limited--gng-/prn/part-repayment-of-convertible-unsecured-loan-stock/20130328080836P513F/
Not sure why the excitement, there's no reason to expect any news until Jul when the full year results should be published.
Key Dates Year End: 31 March, 2013 Half Year End: 30 September, 2012 Interim Results: 5 December, 2012 FY2013 Full-year Results: July 2013 AGM Date: September 2013
Fantastic opportunity to double up at these levels...Some news 7p level news to 2012 (as predicted) 11p, good trading 14p, new contacts have come online and hitting targets 20p +...GLA..
Geong International (LON:GNG) is confident its 2013 full year results will be in line with the previous year's as its customer base expands The software firm had cash as at September 30 of £4 million, with an order book on the same date of £11.5 million, it said in a trading update. That compares with a net cash balance of £2.2 million on August 31 this year. Since July this year, when it released full year figures, Geong said economic conditions had remained "stagnant" and thus it expects to report revenues for the six months to September 30 slightly below the corresponding period of last year. However, margins are expected to be broadly in line with last year. The firm also said it had continued to gain new contracts and had won four new customers in the IaaS (information as a service) division and generating two new contracts in the SaaS (software as a service) division since the beginning of the year. The value of the new business won during this period is around of £1.1 million - which will contribute to earnings in the second half. Geong also revealed that it has recently started talks with a number of major computer companies to strengthen ties and sees further opportunities in coming months. During the period, the firm has continued to invest in R&D on its Smart Internet Platform and has been developing a new Enterprises' Social Business Platform, which will be launched in the middle of next month, it said.
£3.9M cash as at 31st dec 2012 compared to its current circa £1.4M mkt cap at present
News soon anyawy
Only circa 38M shares & a large part held by the management team. This moves sharply on such small volume that any positive indications of recovery & the price should rocket. Hopefully we'll get news of an acceptable agreement with Hanafin regarding a timetable for repayment under the CULS. They have the funds available so it'd be in everyones interest for that to occur.
Due a trading statement any time now..I expect it within the next 4 weeks
When are we due more news about this share. Got a few £ in this and was wondering if i should had sold at 7p.
Wel its been a long wait and GNG time is nearly upon us, the way i see it as an investor, good news of any type 15p+ same interim results as last year 11p bad news 3p, either way its a buy either topping up when it drops or buying on the rise, still good trading and cash in the bank, if new contracts sas have come online then back to the 20's...Exciting times..GLA..
good morning! thanks for all your information, seem to know this share well! gl.