focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
The grey North: Hanoi. It's good, but not as good as Phnom Penh in Cambodia where I was before. It's a great part of the world. If you can find a decent fund to invest in Vietnam, do it. It's a powerhouse with bags of potential. Watch it grow over the next ten years. IMHO of course!
Big rise in HK is most likely the reason for the London rise and 'should' continue as HK price is now over 60p. Why the rise in HK? Maybe as a result of RCG's work to interest investors. Maybe investors realising it's been oversold. Maybe it's the fung shui! I think I'd go for the first one.
But not a very good one as I now live in Vietnam and kept trying to do jobs at 4am UK time which here is of course in the middle of the day... So now I catch up on the boards instead during daylight hours and go on the prowl after dusk. Saves the missus having to bail me out so often.
Ask the question on the NEW investor Q&A service! http://www.rcg.tv/html/eng/investor/qa/ There is a link at the bottom for the first batch, stuff that was generated for the AGM, mostly from folks over at Motley Fool I believe.
the issue is that 27% of the shares were held by Wang and so will now go to either Chinachem or Chan and I think what concerns the market is what happens then...if they decided to sell (unlikely IMHO) then the market could be flooded and the share could drop like a stone and that's just too much of a risk for many institutional buyers. It would seem likely that the instits will buy from the winners direct IF they should decide to part with them though, that said Chan would probably have to sell some to stop his camp having too much control. We are rooting for a quick resolution. I don't think it matters who wins, just that it is fast. The company is massively profitable, it's growing like a mushroom and generating cash at an incredible rate so when this issue is resolved, I think there will be plenty of characters willing to dip a toe. Until then, I am afraid we hold and wait. The sp may go up on good news but will continue to drift back down until this issue is resolved. Glad you like the name. It was my grandmothers ;-)
So did she think it was a good investment or did she buy 27% of RCG and make our lives miserable just to get in Tony's pants? http://www.thestandard.com.hk/news_detail.asp?pp_cat=30&art_id=82089&sid=23827130&con_type=1&d_str=20090513&sear_year=2009 There are loads of stories on the trial every day in the Standard. Not appropriate to post them all I think but here is a link to the front page. Just enter Nina Wang in search and you'll get two or three new stories each day (each more bizarre than the last!): http://www.thestandard.com.hk/
INITIAL target around the quid mark but longer term in the range 1.45-2.45!! I have a significant holding which I started accumulating at close to £1 (doh!) but have now averaged down to less than half that so already pleased with progress but I simply could not say no to a 5 bagger. Volumes have definitely been increasing in the last month and with Evo taking over as the the broker, I think we should see signifiacntly more interest in HK which will be translated into a rise over here in due course. This week? Let us see...the trial started today and promises to be long, expensive and bizarre: http://www.thestandard.com.hk/news_detail.asp?pp_cat=30&art_id=81930&sid=23798404&con_type=3&d_str=20090511&sear_year=2009 GL Eel
Huge volume in HK this morning (4.77m) and up over 15%, taking sp to equiv of almost 70p. Should be reflected in London today. Whether it actually will of course, is anyone's guess...