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Excellent
From LSE "Meanwhile, the HSBC Chinese manufacturing sector purchasing managers' index for the month of October rose to 49.5, from 47.9 in the month before, according to survey compiler Markit. This was an eight-month high and not far from the key level of 50 which indicates that the sector contraction has ceased. The consensus estimate was for 49.1. " "This is a big boost for China, with the PBOC using both conventional and unconventional measures to try and maintain its high level of growth," said market analyst Craig Erlam from Alpari." Could be a very strong mover in the coming weeks/months dyor & gla
Still topping up...The only way is up from here on in..
on China recovery but good base for growth & price appreciation with that recovery dyor & gla
SLEEPING GIANT?
Basically macro economic conditions impacting the company but strong customer retention thru the period AND new clients secured. Should be back up there in line with a broader economic recovery & pick up in the domestic market. Cash on hand at the end of September was £4.0 M & the order book at 30 September 2012 at £11.5 M so a very healthy safety margin for buys at this price level. dyor & gla
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 on its current trading. Since the announcement of the 2012 full year results economic conditions have remained stagnant due to the uncertainty in European markets and a general slow down in investment activities in China. As a consequence, the Company expects to report revenues for the six months ended 30 September 2012 slightly below the corresponding period of last year. However, margins have remained broadly in line with last year. The Company has continued to gain new contracts, winning four new customers in the IaaS division and generating two new contracts in the SaaS division since the beginning of the year. This takes the number of SaaS clients to 20 and increases the level of regular revenue. The value of the new business won during the period is in the order of £1.1 million, part of which will contribute to earnings in the second half of the year. The Company has continued to execute its strategy of (1) working closely with its existing customers to maximise the revenue opportunities,(2) driving more SaaS business in order to achieve a higher average margin and improve cash flow and (3) exploring new growth areas in social business and mobile internet. In the last few months, the Company has entered into discussions with a number of major computer companies to strengthen the co-operation platform and we anticipate further such opportunities in the coming months. During the period the Company 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 November, leveraging the flexibility of cloud computing technologies. It has also taken steps to expand the customer and geographical base of the Company, using our partnerships with IBM and Oracle to extend our location coverage across Great China and Southeast Asia and we now have representation in Dalian, Wuhan, Shenzhen, Macau and HK in Great China as well as in Vietnam, Indonesia and Malaysia. A key objective of the Company has been to improve its working capital position through the quicker collection of receivables and the Board expect to see the benefit of the improvements that have been implemented during the Company's main cash collection period of October to December. Cash on hand at the end of September was £4.0 million. The order book at 30 September 2012 stood at £11.5 million, of which £1.5 million is in the SaaS business and £4.6 million is due for delivery in the second half of the year, which is in line with the Board's expectations. As a result of the initiatives set out above and the Company's sensible cost controls the Board remains confident that the full year 2013 results will be in line with those of 2012 and t
Due to the lack of any info and very poor judgment of accounts this is will be a march special now,
hardly large. 7.5k. And not sure it's a sell. There is so little trading in this share. It shouldn't go to 5p, given the cash position, but the market doesn't appear to like/trust this company
might help the sp if they decide to initiate it - looks like might be the case soon. As i mentioned before we get big price movements off relatively miniscule volumes. Hopefully thatll work FOR us rather then against us as its done in the past. Cash position gives a deal of reassurance here & the fact that management / staff hold a large proportion of stock
Yeap. No brainer, if you believe the accounts. Problem here is credibility. I've an average in the late teens and so, I suppose, I must have decided to give the BOD the benefit of the doubt
5.8p per share that is!
Thanks Dave, That means there is still 5.8p in cash even after the 2014 Bonds are repaid.
the 2.5m was in long term borrowings and the 2.2m takes it into account ( the 2.2m is nett of the 2.5m). Anyway, that's how I read it
Hi all, Can anyone clarify the cash position posted in the latest RNS? A trading statement in April stated the company had cash of £5.3m The latest RNS says £2.2m and refers to a bond repayment due in 2014 of £2.5m. Has the Company burnt £0.6m or £3.1m since April. I don't think the RNS is very clear. Thanks
257,283 shares traded 2day & a 25% drop off it - lets hope itll work the other way as well ;)
Agreed a bit wishy washy but the price moves in a big way on the slightest volume. A small part of my PF but hopefully a good profit / strong upside move on it linked to signs of expansion in the chinese economy - eventually lol atb
perhaps MM playing, although only 5k worth of shares traded this morning. The RNS was hopeless and, as a long term holder in this share, I'm dismayed by the management's reaction to the fall in shareholders value over the last year.
..lets see where they take it. in after this mornings drop..
Same RNS this morning "The Company's aim this year is to consolidate its revenue base at levels achieved in the previous year with an improved mix and the Board remains confident of achieving that objective." http://www.investegate.co.uk/Article.aspx?id=20120920070000P441C
platform RNS should be released soon as well gla
http://www.investegate.co.uk/Article.aspx?id=20120919182459P25EE
News due wed/thurs...Should be back in the 12's by friday..Long Long wait but worth it..
Cheers mate, all good here. Its been great to take time away from the markets (finally) & nice to see the PF looking much better. Will likely be taking more time out for a bit. Hope all good with you & will catch up on the blog soon atb
This is an investment position for me (like the rest of my PF) - i think it'll give me an excellent return from current levels over the next 6-12 months. The drop was exacerbated due to the illiquid nature of the stock & the rise back up will hopefully experience a similar effect. Nice one to have tucked away gla