Member Info for smudgedan

Please don't mention the B word!

Good afternoon, Yes the receivable issues have put pressure on the working capital and I can see the comparisons to GNG, although my hope here is that this has been recognised early on (unlike GNG who let it drift) and remedial actions are being taken. Interims will be interesting, notwithstanding the current sentiment towards Chinese stocks which appears to be at an all time low and could be getting lower!! Might dump my position on NBU on Monday (taken on Friday) and also possibly CAMK. ATB

No problem. At least we now know that we should see the interims this month. I am also pleased that Garry took the time to respond personally. Will probably buy a few more at these levels as not long to wait now.

Below is a response is received today to my question regarding a trading update: Dear ,  Thank you for your enquiry and advice. We treat your communication very seriously.  We are due to publish our Interim Accounts (first 6 months of 2014) before end of this month. Hopefully that will serve to address your queries.  We continue to work on the initiatives outlined in my Chairman's Statement in our 2013 Annual Report and will make Trading Updates at the appropriate time.  Thank you again for your support and investment.  Best wishes. Garry Willinge Chairman     This suggests to me that they are making progress on the receivables and we may also get some news about deals outside of China.

The other Chinese stock I was buying last (yes, I know glutton for punishment!!) was GWIN. Sitting at pretty much an all time low, has had a persistent seller dragging it down and issues on receivables ( rare for a Chinese company I know!! ;-). Has a tendency to bounce in to the 4's. Have asked the company to provide a trading update.

Thanks, yes will keep this on a tight leash. Will check out TGL, some of shells have done ok. Should have piled in to Yolo, but pentagon left a bitter taste. UJO ticking along nicely.

Morning mate, I got back in for a small punt on Friday at a tad below 30p. It really is a punt as any type or normal rating metric is out of the window now, although with stock this has always been the case albeit to a less degree previously. I think camkids is less opaque so worth keeping an eye on that for the bounce at some point as TW is also recommending a short there.

I have emailed the company requesting a trading update/update on the receivable situation and will report back on hetre any response.

Think here or hereabouts will be the bottom. Results out soon. We know the profit is at least 500k and they have 1.5m in cash that values a growing business at just over 3m. Too cheap imv. Will bounce on results or before if they announce contract news.

With a positive arbitration result this will probably hit 2p plus, the onlt snag is that we have been waiting for years for a decision. Could come tomorrow, but conceivably could be another year. Decent long term hold though.

Indeed. Seems to be the way it is going.

Funnily enough was researching this at the weekend. Bit concerned over the receivables (ala GNG, BSST etc) but at these levels am happy to take a punt.

Yes, i have just bought a few back at .922, keeping my powder dry on the rest for the time being.

not more interest here given the size of the contract vs the market cap.

Took a position here this morning.

Hope you are right about Monday. I have my reservations but we will see

Yes, was going to mention Uvel on the SEV board earlier in the week. Similaraties are uncanny IMV. On a free carry here now, was holding 3 million so been a good day. All those that arrived today, take a look at SEV.

Been watching GNG from afar. should have gone in when it dipped in the 3's but feel that one is on the dodgy side of the Chinese options. Could easily pop though with the low number of shares in issue, so wouldn't rule out an entry.

Finally came good. Patience rewarded. Hope all is well with you.

Thanks, was in here prior to the arrival of the new CEO, lets hope he earns his corn. Everything looks set to me.