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No surprise I suppose that the CULS have been renewed for a further period until 30th June. Good news that Hanafin are prepared to let it repeatedly roll over - they're evidently quite secure in holding on, and more importantly not converting. Hopefully a trading statement to 31/3/15 will show that cash flows/SaaS sales are continuing to slowly improve and that trade debtors/accrued income have peaked and are being paid.
We're less than two weeks away from both the 31st March year end and the CULS maturity date. Hopefully given the comments about improved trading at the interims we'll get either or both a trading update and confirmation that the CULS have been repaid from cash or replaced with a cheaper or smaller facility.
is the girl about to turn? still holding so lets hope so
Interesting to see around 200,000 shares sold this week, but the share price is solid. Someone accumulating perhaps. The interims were OK, with some promising comments about trading etc and the much seasonally better H2 to 31/3/15 to come. I'm hopeful that after all this time the transition to SaaS will finally start to benefit cash flows - as will the passage of time on trade debtors and accrued income. A m/cap of £1.7m remains tiny imho considering the client base and what might (just might) be the case in a year or two's time as regards cash flow and profitability.
good things one hopes as this was 93p on 12/11/2007 now only 4/5p BARGAIN PRICE
- GEONG has continued to capture additional business from existing or former clients, providing practical application solutions to enterprises. - The Company developed and enhanced Secured Mobile Transaction Platform which has been successfully adopted by China Construction Bank. - One of the largest private banks, Min Sheng Bank has accepted the Company's Smart Interent Platform and become the first bank that is able to do Direct Retail Banking through the platform. - Seven new clients were added in the finance sector, including Bank of China Insurance, Bank of Hubei, China Jingu International Trust, National Trust, Shanghai Aijian Trust, Sichuan Rural Credit Union and China Banknote Printing and Mining.
Busy by GNG's standards yesterday, ticking up on over 300,000 shares traded - and now another tick up today on a 25k buy. About to go on another run?
down for last month and a rise today,goodee less money i have to put in my share account for when i take up share dealing again
The market cap is only £1.3m..! A cash generating company is valued less than half of its money in the bank.
jumped in at 5.50,expecting a huge rise due to very little shares ,well blow me it went back to opening price of 4/4.25,but i do see potential here and will buy some more at todays close,
Can anyone tell me the closing price please. Ta.
Overall GNG continues (slowly) to progress. The m/cap remains just £1.8m for a company with almost £10m turnover, many blue chip clients, £20m or so of debtors and possibly £2.5m-£3m net cash at the year end (£1m at these interims net of borrowings). Improved H1 performance, with only a small loss, and H2 looks good again given the order book and high recurring income. Margins again down as usual for the much seasonally weaker H1, but much lower expenses came up trumps, and SaaS sales are promising for H2. Accrued income is up, but interestingly trade debtors are MUCH increased to £5.8m - almost doubled year on year - which suggests there could finally be quite a wodge of cash receipts coming GNG's way. Certainly better than I feared for H1 then, and looking interesting for H2.
Time to buy? Buyers back now
I completely agree but they arn't securing contracts.. There is no expansion here. They have in the last years managed get through the declining micro economics of china but until they are proving to the market that they are a growing company it won't budge. If they arn't expanding then they arn't worth investing in as you might aswel invest in a decent FTSE250 or alike... this is far better used as a trade buy low sell high until as such a time as things change... My advise to anyone looking in would be wait till it hits the bottom, 2-3.5p buy in and wait for it to move... if you score a contract then you will multibag your money, if it moves like it has today sell up and buy back in on the retrace ... eat sleep, spend, repeat... Solid as they have business... if they don't improve the business then neither will the market improve the SP P.S. Well worth contacting company to see if they are pushing for new business imo. GL
could drift back towards 3p but theres no way thats fair given the position of the company going forwards now
Than 38m shares. I think more than 25m shares with longterm investors including BOD
John.. i've been in and out of this for about 2 years.. buy at 3p and 5.5p is not a bad price to sell at... it went to 13p 1.5 years ago from 2p. Nothing has changed on last results so i expect it will drift back down till they either secure more contracts or release more results... but they are showing signs of improvement.
More to come. ;) It moves in waves.
30% is hardly a decent pump.
this time... best PnD on the market this puppy!
Nett asset value well over 40p...!
relax, youll be fine
RNS came out at lunchtime so may have yet to be seen but numbers are excellent just based on the cash position market cap looks undervalued
saw rns and jumped in at 5.50 which is a large rise from before rns,now it sits at 4.75 so lost straight away,but only 33 mill shares of which 26% owned by company,so hopefully should get my money back in time
Struggling to meet orders?