Member Info for smudgedan

You would think so, but this is the land of Naibu where nothing seems to make sense!

Morning mate, yep i have a bit of catching up to do here as am about 15% down at the moment, but should make some inroads in to that today.

Completely agree. I think this just needs a bit of time. Providing these results continue the market cannot continue to ignore.

morning, yes very good timing indeed. About time they did something with all that cash!

Had it on my watchlist for 9 months or so and watched it go down. Bought in to the rise at 73p which in the event was premature and have bought on the way down, but i still believe that given the current levels of profit and the fact the business is growing this is ludicrously cheap notwithstanding that it is a Chinese company. If the growth is maintained we could soon be looking at profit covering the current MC. ATB

Just topped up again at 61.70. Riddler did they have anything interesting to say?

Must admit wasn't expecting that today. Hopefully we can put all of this nonsence behind us and start moving forward.

However I had another read of the 2012 report and accounts and felt a lot better. Cash covering the market cap and annual pre tax profits not a million miles away from the market cap. Plus the 17% incease in sales. This really is astonishingly cheap, just ish I had waited until this morning to top up for more shares.

Holdings RNS imminent.

Think we have found our reason for the recent drop!!

got 3,400 at 64.2. Another 16k buy came through afterwards at the same price. So somebodies confident.

thanks for posting this which is quite a relief. With no placing i am almost tempted to top up at these prices, but think i will stick to my current holding. Cheers.

Those last two trades at 64.4 were buys, so buys are going through below mid.

Not sure mate. Split between the weighing in the greedy directors theory and a false drop triggering stops. If the former its particularly bad form given their cash in the bank, so if it goes that route i think that will be it for me.

Had a quick skim read. Forward movement on most fronts apart from costs and margins. My gut is possibly a slight pull back given the recent rises, but lets see what the day brings.

Morning, I have invested total of 6k in here half in my SIPP and half in my ISA which is only a couple of percent of my portfolio but at the top end of what i would do for companies that I am not 100% sure about. On paper this should be a cracker but the Chinese Governance skews things somewhat and things like the placing when they should have sufficient cash to cover these type of payments certainly don't help sentiment. I do find it quite difficult to put a valuation on Chinese companies as the PE is seemingly always a fraction of a similar UK operating company, but what that fraction is seems to be in the lap of the gods! All that being said the results should be good so hopefully this is just a blip and nothing more sinister.

Thanks for that. Should have read the RNS all the way through, although missed it due the directors dealings title. Lets hope todays drop is just a case of a few stops getting triggered following some earlier sells. Oh well, all will be revealed next week I suppose. Have a good weekend.

Hi, when did they have a share placement? I have only been in here for the last month or so but couldn't find record of one. Thanks,

with another 3k. Fingers crossed.

Yep, not been the best of afternoons for mw with this and JSJS. This seems overdone to me.