Member Info for Moreforus

Financial Results During the financial year ended 31 December 2013, the Group recorded a rise in revenue of 125% to RMB 161 million (2012: RMB 71 million). The rise in turnover arose from the increased demand for LED outdoor lighting products. Profit after tax of the Group for the financial year ended 31 December 2013 amounted to RMB 19 million (2012: RMB 4 million). so an increase of 125% revenue AND 4.5 times growth in profit YoY thats 2 mill gbp PROFIT for last year vs current market cap of 6 mill gbp... AND As at the end of the first quarter 2014, total sales, gross margins and net profit before tax have grown year on year, fuelled particularly by local government contracts. We have confidence in a future of sustainable profit improvement in 2014 and beyond. So THEY are still growing PROFITS so should be 20 mill market cap or just over 6p for last years value and MORE than that for 2014.....

is that the spike down or the one up?

Dan perhaps you can drop a line to our beloved leader as it sounds like he likes you and ask him if he knows who the seller is?? looks like an insti to me or perhaps an ex director?

there was a 300k and 3 100k dumps.... that has to be the seller cleared ...! If the interims are strong as the company suggested back in June then given the current market cap and price thanks to the 100k seller (losing count but broken 1.5 mill so far....) this should rerate

+28.2%!

and another 100k and a 50k 3 100ks today...perhaps the departing CFO? who knows however that is not a normal pi dumping - could be an insti - could be a forced seller ... no way of knowing however clearly there is a seller and given the pattern of sells it looks lile the same seller. 3 100ks today and 5 last week = 800k...add in the 50ks and we are up to 950k in total.... the issue is that the disinterest/sentiment in the face of a strong positive outlook is not string enough yet to take up the slack

sentiment is only part of it...the 100k sells are what is pushing the price back plenty of small buys down here....as money is being trickled in the last results gave an outlook for the current half which was more net profit - if the sales are for export and to local government then they are achieving their goal of overcoming the payment delay from domestic private customers.

2 lots dumped ? red and bounced? not sure why

Probably worth noting that not only are they intending to or have been growing exports but the local demand has come from local government .... a better credit than the private market. I still am surprised to see this so low and sentiment poor given last stated outlook covering the post finals period to the end of June...

It still is a head scratcher why people are selling...the 100k seller caused a bit of panic ...but this is a third of the last high on the finals back in June.....when in fact at the time it was already almost at the end of half 1 for 2014....that's why the outlook published then might be a massive clue as to what the interims might say.....!!!

Many thanks for posting... Makes a nice change from the barrage of referendumitis ! I am still amazed at how this has traded down...if we get the interims note this was published at the back end of June:- Current Trading and Outlook In 2014, the Directors anticipate continued growth in revenues and profits, and the first few months of 2014 have been encouraging in this regard. As at the end of the first quarter 2014, total sales, gross margins and net profit before tax have grown year on year, fuelled particularly by local government contracts. We have confidence in a future of sustainable profit improvement in 2014 and beyond. As already mentioned, the current sales emphasis is on increasing export sales (with commensurate attractive trading terms and reduction in accounts receivable collection days) and high profit margin products. ...so they already have told us q1 is better in terms of profit!!!

4 100k and few 50k ones... perhaps the same seller needed the cash! looks oversold and given the results ..on which people were paying close to 6p ...almost at an all time low seems a little over done!

the mms will tighten the spread to create a fairer market - however surprised to see this fall given the macro story from China of record exports and GWINs new focus on exports building on a profitable business would not lead me to run to the hills..... ..but then again this is aim and it rarely follows anything but the impact of large trades into an illiquid market

you cant expect the mms to put up the bid price in a fair and transparent manner !! how are they going to make any money??

welcome to aim however the spread was blown out to deter naughty buyers.... note the last buy was 2.405p although that looked like a sell.... and checking the real offer now at tdw i can buy 25k at 2.6p

3 100k sells from someone who wanted oooooout! no idea why ...like many things on aim without rhyme or reason....

looks good today!

Liquid Millionaire 31 Jul'14 - 16:05 - 354 of 355 0 0 XPL Liquid Millionaire 24 Oct'13 - 21:30 - 41 of 58 0 0 Good evening euclid5. Basically the 100p came from the days just prior to the IPO where at a meeting with management it was stated and in writing that a major deal was extremely likely to be done at 100p before year end.

are you lot all off sipping a nice milky tea with grandma??

The opportunity set comprises existing production with significant development upside, offshore exploration in a province with high levels of industry activity and finally, a large acreage position in a prospective but under-explored onshore basin.