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£3.5 million . If we reduce £1m for the loan, then still we have more than £2.5m in the bank. See the market cap..!!!

1) Further developed the mobile finance platform for China Bond and China Construction Bank; 2) Enhanced the direct banking platform, and signed contracts with Minsheng Bank and Guangfa Bank; 3) Minsheng Bank and Agricultural Bank of China continued the use of (GEONG UxD); and 4) Renewed the core supplier agreement with IBM GDC and GBS for another year.

Asset value is over 40p..!

- GEONG has continued to capture additional business from existing or former clients, providing practical application solutions to enterprises. - The Company developed and enhanced Secured Mobile Transaction Platform which has been successfully adopted by China Construction Bank. - One of the largest private banks, Min Sheng Bank has accepted the Company's Smart Interent Platform and become the first bank that is able to do Direct Retail Banking through the platform. - Seven new clients were added in the finance sector, including Bank of China Insurance, Bank of Hubei, China Jingu International Trust, National Trust, Shanghai Aijian Trust, Sichuan Rural Credit Union and China Banknote Printing and Mining.

The market cap is only £1.3m..! A cash generating company is valued less than half of its money in the bank.

Than 38m shares. I think more than 25m shares with longterm investors including BOD

Nett asset value well over 40p...!

GEONG Social Business has been the new revenue element of our business in the past three years. It contributed 33% of our revenues in 2014 (2013: 29%), generated a higher profit margin of 67% (2013: 61%), and has shown a better cash conversion ratio than the IaaS business. Moreover, it is business of a recurring nature where the contract should be renewed annually in order for clients to maintain their platforms. The revenue stream of the SaaS business has three key elements: The Subscription Fee element is the platform solution being offered. It represents approximately 20% of the SaaS contract revenue.

GEONG's revenue is generated through two business streams: IaaS and SaaS. Over the years, we have built a customer base of over 130 clients. The IaaS solution has been our traditional business, named Smart Internet Solution, which in 2014 contributed 67% of our revenue at a gross profit margin of 41%. However the IaaS business is of a more long term nature and, with its longer payment terms, requires significantly more working capital funding than SaaS business. Moreover, the gross profit margins are less than can be achieved from SaaS business and it is, therefore, the strategy of the Company to shift the business towards more SaaS business and strive for a mix of 67% IaaS business (2013: 71%) and 33% SaaS business (2013: 29%). Our goal is to further broaden our SaaS solution offerings - Social Business, which is comprised of Social Marketing, Social Commerce and Social CXM (Customer Experience Management).

Will be an interestin year for GNG. They already signed contracts with few major banks in China. Income will increase significantly next year.

Net asset value is over 40p

I havent seen a company like GNG for a cery long time. To be honest people chase mining sector shares without any revenue. GNG already proved that its a cash generating company. 2015 figures must be really good.

is so undervalued at the moment. More than £3 m cash in the bank and a profit making company. But the market cap is only £1.3m..!!

Hehehe.. Do some readings. Net assest value per share is over 40p. This is a profit making company unlike many companies in AIM. One of the largest private bank in China is currently using GNG platform to do online banking.

Nice one Sorta

are coming back again..

Unlike many companies in AIM, GNG is actually making money. Their net asset value is more than 40p

Should be 10p+ to match the money GNG have in bank.

Yes its published on financial report. Seven new clients were added in the finance sector, including bank of China Insurance, Bank of Hubei, China Jingu International trust, National trust, Shanghai Aijan Trust, Sichuan rural credit union & China printing and mining.

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