Member Info for elite

This has to be a record. In suspension for the second time for financing issues, less than a year after listing on AIM. Listed at over 100p, now a 20th of that, and by the sounds of it, will be a smaller fraction post-suspension. If anyone needs to see the risks of investing in newly listed companies, this is a great example.

Hope you didn't! Look like some very strong figures to me

Ozzies have heard your call. Rising strongly on the asx, up to 0.34 currently

Finally finished above the 2p resistance. Need to see the ASX drive forward time, providing the impetus to steer well clear, tomorrow. Hope your other investments are doing well, El1te

Cash rests at circa £10m as noted earlier. Those financial losses explain the chart since the IPO and the complete trashing of the market cap. That is behind the company now and there is a new management team in place

Just completed a write-up on NetPlay that is available below. Feel free to sign up to free email updates via the right hand sidebar and leave comments on the article or here on LSE http://goo.gl/VzB9Ds Good Luck with your investments, El1te

Liquidity is a very important factor so I can't understand why you are taking that so lightly. I am not sure of the land costs in China, but I can guarantee you do not either. Your point: "I will have a wager that the people who build the factory zone and the chairman of this company are inextricably related and that the land being bought is also a related party transaction..." Unless the government of Sichuan are in on this deal then the land is not a related party transaction. Then again, maybe you're right and the Sichuan government work for Naibu and all that money is channeled into the very Chairman's pockets. Be realistic as your points once again seem weak.

With all due respect, your points are getting weaker. Anyone who has properly researched Naibu would understand that a share buyback would be an incredibly thoughtless move. The recent selling by institutions has unlocked the liquidity required to allow domestic institutions to buy in and should also help the market create a proper valuation in the future. Illiqudity is not good for any company, and that is what a share buyback would promote. 6 months ago there were hardly any trades, now there are a lot more.

I think you are missing the point. There are costs associated with setting up e-commerce, especially to cities not operated it. Those are namely transporting the goods. With the low price point that Naibu maintains, it would be a terrible decision as prices would be driven up which goes against their whole USP. The Tier1/2 cities are also saturated with western brands so a move to do that would not be sensible. Regarding the land, they are switching some of the production lines and expanding westwards across China. That development will be fully funded by the cash pile and considering the strength of cash flows, it is not a particular reason to worry, as it stands. El1te

The reason it doesn't have e-commerce is because it focuses on the lower tier cities, where internet shopping is pretty much non-existent. Most of the shopping is done in stores

Just completed a write-up on naibu that is available below. Feel free to sign up to free email updates via the right hand sidebar and leave comments on the article or here on LSE http://goo.gl/XxOzQa Good Luck with your investments El1te

Just completed a write-up on Camkids that is available below. Feel free to sign up to free email updates via the right hand sidebar and leave comments on the article or here on LSE http://goo.gl/XxOzQa Good Luck with your investments, El1te

If we try to value this half-properly, with some Chinese discount what is a ballpark figure? I reckon for now PE Ratios and the like are out the window. Cash is just shy of £40m. Pre-tax Profits are £22.8m. Revenues of £101m. So even if it's valued at just 1x turnover, that gives it a share price of well over 100p, and that is still ridiculously cheap given the cash pile, profit and outlook.

Not sure that is the case, combined with what the poster said earlier (old shareholders selling out), I posted the following on ADVFN a few days back: "We can keep saying they sold out when it's way too cheap and that is true if the company is credible. However, if they have been holding for a number of years (3+) then they may simply be seeking to transfer their capital. Institutions can't hold on to a stock forever just because every time they look, it is cheap. They are looking to make returns and are sometimes forced into taking what is available on the market. Clearly Naibu has not appreciated in value since listing so yes, they could hold on for longer, but in their boots they may well feel like they are holding a dud stock, Of course the reason for it being dud is a lack of awareness, skepticism and it still being slightly illiquid. With every large sale of shares that liquidity improves and if the dividend is paid, that skepticism fades. The awareness is generally increased over time. Following the fall, the best thing the company can do is put out an excellent set of numbers on Monday (last year the numbers were released on 13/09/12). The issue of skepticism is also self-reinforcing. If this wasn't trading at a PE of 1 then investors would not be so skeptical and start looking for flaws. The adviser is arguably to blame because they pitched the IPO price too low to start off with. The other issue is that investors keep seeing the share price decline and this increases concerns, especially when the fundamentals are cheap. I guarantee that if this was up 100% since the IPO, without any major pullbacks, then the skepticism would be mentioned far less and it would be easier for investors to see this as a legit company and not look for flaws. For comparison look at Camkids (LSE:CAMK). They have risen since their ipo, have had decent share price movement, still only trade on a low PE, but there are no discussions about it being a fraud. It's a fair bit down to investor psychology."

Fantastic news. Well done holders and Treacle. Feel fully vindicated. Enjoy the next few weeks as the share price will likely rise strongly

I'll do some more searching - good luck in the mean time!

I appreciate that - I am just trying to find out more about the company. Trust me when I say there are loads of recent complaints that I came across during a 10 minute google search. I understand that this is all legitimate and that this premium texting etc, is what the company offers. But I question the morals of the business as it is perfectly reasonable to come to the conclusion that most people who sign up for these services, do not want them

The comments/complaints from customers are on both links and are as recent as 3 weeks old

They're financials look terrific. There business model looks terrible. In fact, a quick search of the internet brings up a lot of people who are getting money refunded as they are effectively being spammed with SMS messages. Some of the complaints that are very recent can be seen here: http://whocallsme.com/Phone-Number.aspx/81002/17 http://blogs.mirror.co.uk/investigations/2012/04/zamano-phone-contest-fleeces-e.html (on the comments section for the mirror link) There is a good reason why this company is trading at such a discount and quite frankly this is one company I would actually be unhappy to invest in solely because of what is happening to their so called clients (i.e. a fair amount of the revenues that are generated are from people who didn't really know what they were letting themselves in for. In other words, if they knew the real cost, many of them would not do it). Unless I'm missing something that is the clear reason why this is 'cheap'. Please do let me know if I am. El1te

I have beenfollowing NBU for a while now and I would say that the reason it has fallen sharply during the first few months of trading is that the IPO seems to have been designed such that it was a way for previous investors to exit the business quickly. That has now been done through the last placement so I would expect a return to normality. What is good is that the recent placement also saw an influx of shares into the market and that has narrowed the spread significantly.