Member Info for smudgedan

this morning.

Morning, I got shot down here previously for suggesting sub 30p, but my view remains that it is entirely possible. Watching.

Morning, yes it is difficult to have faith in any Chinese based AIM stocks. CTEK is another one that recently changed the divi to scrip only. Huge red flag. They all seem to have an obsession with building expensive factories/lwarehouses etc to substantiate why they can't give up their reported cash hoard. It's difficult enough to make money on AIM, so we certainly don't need frauds to make things even harder!

For a while now. Impossible to say for certain at this stage whether it is a fraud or not. But, It is certainly showing the same modes operandi as Naibu and Camkids with the seed investors dumping stock at any price. Any investment would be a pure punt and this is definitely one where investors should be prepared to lose the lot. Will carry on watching.

Repeat of yesterday?

Many thanks, my hesitation clearly didnt pay off.

Same here. Lets hope it was a good call! Think this lot have better cred.

hovering over the buy button, but the somewhat negative AGM stsatement was slightly off putting and didnt have time to pour over the numbers. Any views Jolly?

Got excited for a minute, then realised their annual revenue is £29m, nice news but bit of a drop in ocean.

Good to see more good news here this morning. Need to flush out this damned seller and we can start moving back up.

Yes, I think that there is profit to be made buying below 5p. Bought a few on open, but holding some back for any weakness.

off.

Hopefully it will come out of auction at some point!

That's the problem with these Chinese AIM listed companies, they all commit significant funds to building a factory or in this case a distribution centre and turn use this as a smokescreen as to why they can't pay a divi in cash. I would personally be very wary, but nevertheless good luck.

Towards my 25p entry price target. Question is whether that is a bargain?

good call here. Hope all is well.

All that cash and only offering a scrip divi. Hmmm....

The gradual drop in the ask I think that 2.2m sell was worked through during the course of the afternoon. Anyway, onwards and upwards

Yes, an exciting business to be in and picked up for a song given the proposed (albeit failed) IPO price.

Afternoon mate, yes looking good here. Another good shout from you. Well done.