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So, hands up those who missed it yet again....
Well worth taking a few at this very lowly price level and consider them as seeds for cropping as their market improves. No point in trying to buy once the uptick is running, when it's all a bit too late, imo.
Congratulations. Lth
Still hugely undervalued here. Can see 4/5p in the very near term as commodity prices continue to strengthen.
damn - spread put me off this morning... oh well.
It's nice to see the strength of the sp of ZBO today, seemingly based on the merits of their position in the metals recovery trade. ZBO shares are tightly held and fell massively prior to start of the present recovery, so from these very early days a eventual much higher price area is the forward aim here.
The recovery in metal prices appears more evident and likely to produce a sharp uplift at Zibao as soon as it translates into improved performance of the business - by which time it will be too late to pick up this one at the current bargain-price level....all much evidenced by the recent spike, showing the amount of interest which ZBO stock can generate.
.....market conditions seems to be beginning to look more favourable for Zibao, going forward,
Thanks Earl
All
Earl, thanks appreciate your views and genuine opinion there is no doubt of the risk here and is very illiquid, big spread can mean huge swings on the mid price especially when price increments are .25 Dan, very good point regarding margins. Big revenue means there doesn't have to be much of a change for the better to see a turnaround. An acquisition in return for shares maybe not be out the question? this was done previously in 2015? Any update on this? Ajay Rajpal just re elected today has background in cross border mergers and acquisitions.
Have taken a position here. The current assets are stil around £4.5m versus an MC of less than half that. Revenues of £50m mean that a slight positive tweak to the margins could result in a decent profit. Agree it's risky but equally Think I will make decent return here
be careful. you need to look at the group balance sheet - included in that is a large non current asset balance so the net current asset position (basically liquid current assets and current liabilities) is the most relevant metric. Given the related party transactions, inability here to realisitically diligence the company and the very thin profit and margin. it won't take much to eat into working capital and cash. Trader's share, that is all. Very very high risk
Simply off the radar of 99.999% + they don't put themselves about = an opportunity for the select few.
So they have 5.2mil HKD cash 548k GBP and 26mil HKD of stock 2.74mil GBP Total of 3.288mil GBP am i reading that their total assetts are 77mil HKD? approx 8.1mil GBP??? warrents at 8p which would be a market cap of 7.8mil Someone explain pls
Will be 3am Wednesday morning, so RNS at 7am that day.
FYI "Zibao Metals Recycling Holdings Plc (AIM: ZBO), a Hong Kong based, recyclable metal trader, announces that the Annual General Meeting (AGM) of the Company will be held at 10 a.m. (Hong Kong time) on 26 October 2016 at Room 1105, 11/F CEO Tower, 77 Wing Hong Street, Cheung Sha Wan, Kowloon, Hong Kong. Copies of the notice convening the AGM and Form of Proxy have been sent to shareholders together with copies of the Annual Report and Accounts for the year ended 31 March 2016. The Annual Report and Accounts have been made available and the AGM Notice will shortly be made available from the company's website, www.zibaometals.com, in accordance with AIM Rule 20"
Looks as though the sp is indicating and interesting AGM and maybe worthwhile picking on this low ahead of any worthwhile news.
This is very interesting! 135% upside!! I was looking at this share not too long ago as a short term investment, but simply didn't think there business model was sustainable long term. :-)
....ahead of the AGM on the 26th - at the low. Interesting....
results still not out..can see this going back private.
not me my average was 1p.
hinkais ...did you force them to released the RNS ....
A long wait for this to turn again perhaps.
turnover okay., but profit very poor.what salariesare they taking now i wonder.