Member Info for smudgedan

Check again mate, some relatively chunky ones have just gone through

Thanks again for responding. Still see some promise here and if they can start delivering some positive news on the receivables the current price will look very cheap indeed. ATB

Thanks for your response. I agree that GNG is longer term than CSSG, certainly unless they can make some progress on the receivables in the shorter term and generally provide more regular positive updates. Regarding CSSG I have £9k in here having originally bought in on the way down, but it does tick all the boxes as you say and have bought back in at 16.5 and 16.07 which should be near enough the bottom. ATB

I think we will all be delighted if your prediction comes true! O/T if you don't mind me asking are you still in GNG?

Received a response this morning saying they couldn'y locate my initial request (which was done via their website rather than via email) anyway, have outlined my question again which was essentially asking them to provide more communication flow including a monthly update on the receivables so lets see what response i get.

Thanks Sirious, I sent investor relations a message on Monday asking a couple of questions. No answer yet so i have also sent them a further email this morning asking a couple more. Will post any response.

One question I have is related to the billing process. I read somewhere that a lot of the invoices for the receivables haven't been issued. Does anybody understand why this is and also what % of the receivables currently remain uninvoiced? Does seem an odd way of conducting business as trying to retrieve cash from something that happened years ago is never easy.

Yep, this has been on my watchlist for a year and taking every negative in to account (Chinese Governance, inability to get a handle on receivables etc), the company is still turning a profit albeit a small one and has the cash in the bank safety net. All for a £1m MC.

a total of £4k here today. Was considering another £2k, but somebost beat me to the punch! any takers on the £2.4k trade?

Goes to NT now above a few hundred quid. MC of £1m with £5m in the bank. If only they could sort out their receivables...

with 18k's worth. Lost a bit of money on this share before, but see little downside from these levels.

Cheers for the heads up.

Good morning. This was a great call from you a couple of months ago. Should have got in at the time, but certainly pleased I got a decent entry following this mornings RNS. ATB

Bought on the bell. Showing as a sell.

Good luck with your investment here. You may well have timed it perfectly. May come back myself if the communication improves.

Not sure how this calibrates but the price per share on the Indian stock exchange equates to 8.5p. Was in here for 7 or 8 months, but gave up in the end. Still take a look from time to time. On paper it should be a good investment. but their lack of tackling the receivables issue and lack info/transparency full stop concerned me. Also i sent an email to their investor relations and received nothing back. Think Riddler, SFU and Wanton have all been here in the past too.

Cheers, will take a look.

Thanks again mate. Bot of weekend reading to do!

Thanks for that. Will certainly do some more research. I need to get a better idea of the size of the pie and how they will increase their revenue. Whilst the percentage increases in this years results were good, the revenue is only just back above 2011 levels. As I say I an under researched on this, so I am probably missing the point here, but am always cautious when the market cap is multiples of the revenue.

Thanks mate, will do some more research regarding the potential market size and revenue. I know what you mean about profits. Have been thinking for the last couple of weeks about shorting the FTSE 100 at 10 quid a point, but annoyingly haven't bothered.