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-Turnover £4.3 million (H1 2011/12: £4.7 million) -Gross margin53.5% (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
Hi m8, GNG is a funny old share it will shoot up without any news, due to the very low levels of stock, as far as the company stands it dropped from 20p to 12p then down to these levels only through lower than expected trading..The company has strong presence and good order books with new contracts coming online, also a nice bank balance..it's dipped from 7p down to where we are now due to a late payment on a loan in Jan..Trading results are due soon and any rise will see the S.P jump into double figures but I think we are in the low regions and can only go up..it's just a matter of time, as it's not an aim oilly most traders won't touch but ive been in for a while and have confidence in the company, with china booming again good returns and an s.p of 11-15p at march is not too much of a prediction..
nice to see your post today, new in here and didnt think anybody posted anything!! since i have bought it in, it has gone down and now seems stagnant?? when is this bit of end of year news please? gl.
We should be seeing some nice rises soon with a bit of end of year news.. Still trading well..GLA
Guess this might be worth topping up as we head for 52 week low.
These were down to WRES....everyone as selling up to jump on the WRES train. Should be a few buys back in at the end of the week..
Hi m8....I think we're due for a bit of good news, once we get through this silly late payment setback..We were rising steadily to get the S.P at the right level due to the limited number of shares in issue. I am 100% confident we will be back in double figures by march.
only circa 38M shares in issue
Geong International plunged 30 per cent after the China-focused software group announced it missed an interest payment last year. The payment, in relation to a £2.5mn convertible unsecured loan stock (CULS), was due on December 31st. However it wasn't made until January 15th following unexpected delays in State approval of the transfer of funds. The group said it was working with creditor Hanafin Investments to reach agreement on the repayment. "As a result of the late payment which represents a default under the terms of the CULS, the holders, Hanafin Investments have requested immediate repayment of the CULS. "Whilst the company has adequate resources to make the repayment it will not be able to secure the necessary approvals from [the State Administration Of Foreign Exchange of China] to do so in the short term. "Accordingly, the Company is seeking to reach an understanding with Hanafin as to an acceptable and achievable timetable for the repayment."
4.95p well done to those who got in earlier,
what just happened the price has shot up,buy at 4.8p and i'm getting quoted 4.65p,blast i nearly hit the buy button 15 minutes earlier.
Minor set back but excellent for a top up..should be back to good levels within a few weeks ready for the rns trading report. They have the cash in the bank to cover all bills so nothing to worry about..
A technical default of there agreement with Hanafin Investments Limited. Theyve got the funds to make payment so should be no real issues to reach an agreement re: a timetable for that repayment. What todays price action does show is the effect relatively small trading volumes have on the SP. Thatll work in the companys favour as recovery in the macro China market & for the company proceeds. Took a top up myself but dyor as always gla
Just when we thought things were looking up, they default on their loan repayments! How can they make such a basic error. Well, it's back to square one now.
Totally agree..buys are 3/1 with sells so as we get through the next few weeks due to lack of shares I think the S.P will increase dramatically..news is due around march and if good or even at last years levels we should be back to late teens maybe even 20's..china has been very strong and if the new contracts which we mentioned have Come through then def huge gains..
I agree with you about the sp moving back into the '20's with the very low number of shares having strongly contributed to the stocks previous sharp price fall & likely to have the opposite effect with its uptake in fortunes. A very high proportion of the stock is also held in the hands of directors & employees of the company so not much free float for private investors at all. Im very comfortable holding for a move back to the much higher price levels while this stays relatively under radar atm.
Financial Highlights -Turnover £4.3 million (H1 2011/12: £4.7 million) -Gross margin53.5% (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.
http://www.britishbulls.com/StockPage.asp?CompanyTicker=GNG&MarketTicker=Technology&TYP=S
Due to the very low amount of shares in issue I think demand will outstrip supply very soon..think we will see the tempting S.P variations to tempt some sells before news before a sharp rise in the S.P. We should be in double figures very soon which will still be below average for GNG.. IMO..
BOOOOOM ! 7.25 +0.80 (10.00%)... Okay not quite a boom but when it's been so quiet for so long, everything seems louder.
Dont be suckered in to selling due to a long wait..This share will be back in double figures by march.. If the new contracts have been gained then easily back in the 20's.. Def double figures by march.. Sit tight and wait..
"China's surprisingly strong trade data fans optimism" http://www.bbc.co.uk/news/business-20968085
CHINESE TIGER!!