Member Info for Ridingwaves

Very good summary and a better analysis than i was expecting. I particularly like the fact that the share buy back programme has be halted and the management are instead focused on the expertise and trading experience in this area to expand by the acquisition trail. Certainly from my point if a business is successful at what it does then why buy back your shares if a better and more product of the cash asset is to use it to harness the existing capability of the business to enhance returns. This is particularly apt in a market where there are smaller and fragmented competition, always the chance to gain a strategic advantage. The market in China seems to be a protected one in the sense of tarrifs which means that resources can be harnessed to consolidate the market. Although i am not invested i will certainly have another look. Thank you for a thoughtful,meaningful, well rounded analysis of the business and synopsis of its future plans. GL

Good luck with your mission.... If you are successful in asking the sometimes difficult question and the management are open to them. It would make a difference IMO to the business and its future. GL

Hi, before start i am not invested but the question would be.... The market over the last 18 month+ has obviously lost confidence in the business as has been seen by the share price and valuation of the business. What is the management doing to tackle this issue which appears to be linked to the way the accounts are presented. Has the option of getting the books looked at by an independent foreign top auditing and consulting team been considered together with a full strategy of opening up the business to a fuller scrutiny. If this was considered would the business follow through with the findings. On the question of Acreage, market and production has the option been considered to have this fully verified independently as this would make a big impact on the perceptions in the market. All the questions relate to the fundamentals of the business and the perceptions of the market a more open,transparent business is far easier to invest in and also to market. There are other questions, but it would be interesting if they have a strategic plan to fully tackle this apparent lack of perceived due diligence as i believe this would be money well spent. GLA

Hi Finbar, I agree that the correction has been effected by the slow down in the Chinese economy. The purchases by Moncrieffe are small in comparison the the substantial sales by the other directors who i believe are closer to the business. The volumes have tailed off also probably because the buy backs have stopped from what i can see. The business appears a good value proposition on the surface, but the questions remain. Is what you see on the surface the actual business beneath.... I do hope so..... GL

http://www.marketwatch.com/story/schneider-electric-bids-505p-a-share-for-invensys-2013-07-12 GLA

More interesting is the unanswered fruity questions...... Why do main directors sell when there is so much cash. Who are the auditors......Why if this business produces so much cash are they not buying up other plantations. When the acreage was questioned in the Hong Kong press article did the business not do a complete independent audit using a top recognised firm two years ago.......There have also been serious questions about a previous director and investor....... The business maybe very good and a possible value investment but there remain questions of trust and due diligence. Risk and reward........that is the question any investor here who has done enough research needs to answer. That's IMO having made some money on this in the past, and also the reason i decided to stop investing, were the interesting unanswered questions.. GLA

You do not have to be healthy to make money. Loosing money can be a matter of choice...or it can be a matter of the insanity cycle. Its is knowing or being aware of this cycle that separates those that can change and evolve. I would say that can only be done on ones own, otherwise you risk being drawn into the crowds or someone elses, 'insanity cycle' . Madness is totally different to the insanity of repeating the same mistakes over and over again without realising that you are doing that. GL........insanity in this form is a common occurrence....lol

Food for thought.....there is a thin line between Sanity and insanity... One is where Reality drives emotion and the other Emotion drives reality. Wise as Robert the Bruce was it was only when he saw the spider that he realised the difference...lol Pavlov..... GL

Wrong board.... Apologise again..lol

Well, there was a touch of sarcasm, after all who would make the money if the markets were full of sane people... By the way, there was no reference to this share just a response to an observation....:)

"The definition of insanity is doing the same thing over and over again and expecting different results". You are right jolly......lol

" i am a millionaire, Rodders".....have you tried ordering one....lol Better not or people might think there is an RNS on the way... GL

Wow.....bet you like that rise....lol GL

Jolly and Dibs......:)

Hi Jolly, Not a bad one.....good tuck away punt.... Good management.....high staffing and set up costs, based on the figures for Synety Ltd before reverse.. Good tactic to grab hold of cash...they needed it. Good luck.....aaoooo

Hi Soleman, you are right to be cautious, at the moment there are only indications of a possible support phase but the indications are for a start to a longer consolidation and break...after a long downward trend. Time will tell...

The business is in a better place after the restructure. This had in effect left a cash shell, which the new management are using to create a completely different focused business. At the present they have issued new shares and integrated a business they bought for £1m approx with a further consideration depending on targets being met of the issue of an additional 750,000 shares. They had approx £2.4m cash and very few other assets. I have only looked at this in a very rudimentary way. But they have a valuation at the current price of £9m, that would appear to be a very full price, even taking into consideration the EC turnaround experience. The other problem as you are aware is the share liquidity, although this is a double edged sword which can exaggerate Price movements up or down....it can also catch inexperienced investors. I don't necessarily think this is not a good business but it would appear more than fully valued. But value is what people are willing to pay, so the market will decide whether to value a business several times its bought in price. That is where the risk lies, the delivery meeting the expectation...and prior history is not consistent. But, for a small adventure, it overs some spice..... GL

Well, this just might be the first signs of a trend reversal....but needs confirmation.. I am surprised since posting at 2.40 why invest, and then this link on the 3 May @1.54 that the first tentative signs of a rounding and support level may be forming, which may be the first steps and signs. We will see... But good all here .....i am not invested... GL

Hi Pete, I was pulling Jolly's leg, i know he likes the odd spicy speculation. (The adventure)..... GL

Only buy can see for 86 this morning......that is a few...lol GL