Member Info for testpack3

Barclays tsockbrokers will sell them for you. You will have to send them the certificate, and the commission charge may be £25

I don't see it that way shareaction. NBU was not a blueprint for your suggested 'recipe', only a carbon copy of a few predecessors. I would very much hope the Chairman views his co. with some pride, and will attempt to make it a great success in China. I do not think he needs the cash, and maybe prestige is more important to him at this time. The HI results maybe out tomorrow, and a lot will be revealed. With the sp again falling today, the market doesn't expect 'great' results' I do, and have bought more at 44p., As Buffet says, buy when the market is selling.( except NBU of course. )lol. All in MHO of course.

sustained sp moving N, with oodles of small buys by pi's. It is still some way off making +vePBT, but the overwhelming sentiment is that once the breakthrough occurs in any of the patented lines, the sp will move N big time. It is going to be a v interesting and rewarding 2015. All in MHO of course.

is Monday 22 Sept on the I-O-M. Does anyone intend to go? There must at least 1 pi living on I-O-M. It's all very quiet on this board. I still have a holding here, down 50% on a reckless buy running up to FYR in June, but sold most of them for painful loss. Lots of questions to be answered by BOD. I do not live in Europe, and with all the shenanigans going on over the Y/N vote for the Scots, am very happy to stay here. GL

The fundamentals do not talk, they shout. 'BUY ME' It is such a thinly traded share with a MCap of only £8M, and with the positive rns's for new customers ( one on-line ret, will add £8M t/o over next 2 years). Others in pipeline, Good P/S, Good P/E. Good P/BV, Good P/TBV Will be +ve PBT end this current FY. Aggressive divi policy. And it has the customer base and salesof Tantra to be added. Interims for H1 out early Dec.I think these will give very positive upside to sp. All in MHO of course .dyor n GL

However,OOooOO, it went from 15p to 74.28p, not .15p which gave rise to the 1000s % increase. As u say, no change, and it gives the appearance of a more substantial co, with only 88m shares in issue, However, that spread def. says 'I am a low volume traded AIM share .After saying that, just noticed todays' spread of 1.67%. Take it back. apologies n all that.

Sept. Last year was 17th. The July trading statement said 'trading in line with market expectations', which should mean at least a 2.3p divi, yielding nearly 5% for 6 months. Of course, if it fail to pay a divi as NBU, then a major move South for sp. I would think the BOD at CAMK are well aware what -nve news does to sp, and have been closely following NBU experience. There's absolutely no way they will not pay int divi, of at least last years size. The problem will come if it does not give cash alternative to scrip. That would be bad move. All in MHO of course. GL n ATB

I posted last Fri., that I thought the sell-off was overdone. Looking into more detail, maybe not. The big problem is the shenanigans over the loss of the mfring base. They are outsourcing main product lines. New factory ready 2016, and will cost £30M. They do not have that kind of cash, and allegedly are paying up front for outsourced goods raw materials. OK, sales figures of £200M , with profit margin at close 50% even on outsource goods looks very good, but can they find manufacturers,? ( Camkids has stated it is stopping manufacturing for other suppliers to concentrate on their own high margin goods), Quality, this is always a problem when outsourced, especially when you pay for raw materials up front - where are the safeguards?.. I havnt taken all of my loss yet, and will keep some on the back burner for 3 years to see if they can it around. I believe CAMK has been over sold. All in MHO of course

Well done apfreely. If it is a scam, it;s a bl**dy good one. Have an IPO, run the co from a basement, nowt to sell, and when IPO money comes rolling in, head to S America. But no, they hang around and send divi payments out. I like these fraudsters. Cheers

Only in he market place. Both cos. have shown strong sales growth yr on yr, NBU has dropped on divi non payment and receivables, and is outsourcing major income lines, which still give 50%+ g margin.. sell off way overdone in MHO. However CAM mfrs major brands, and stated that it is ceasing mfrg other cos goods to concentrate on their own high margin brands ( this good be bad news for NBU). I think this CAM sell off is an opportunity to increase holding and bring down average. I'm confident divi will be paid and increased, and FYR14 will be excellent. All in MHO of course

Hi Dibs61 A q for Chris plse. Ask him if the company intends to cut and polish stone at quarries where there is large Royalty Payments. If the answer is yes, ask him why the co doesn't transport the stone for finishing to npn Royalty Payment quarries, and leave the Royalty Payment at the least value, non-worked end. Cheers, and GL

gives is 1 new share for every 5 held. Old sp in Es was 0.19 X 5 = 0.95 Divide by 1.255 ( Xchange rate GBP) = 75.7p. What concerns me is the spread at 4.5, Not a 'come and buy me' spread. Needs a 4.5% rise in sp to break even. Disappointng. However, still believe it's a v g 2-3yr hold. GL

buying frenzy at 502,5, will transmogrify to selling frenzy at 502.75. 'ffing magic

At AGM CEO stated cost of factory c£30m. A bit out there bankster.

The divi yield is normally a fair guide to sp, and for established cos, yields of 2-5% are seen as good long term investment with the dive re-invested, esp when bank rates are <1%. I do not think posters on bb's are buying shares for divis ( excepting the posters who put into ISA's etc). We want increases in our 1-3 yr investment plan, in a plethora of cos. I can go along with the cancellation of the H1 divi, since the Denzhu facory is going to cost c£30M, and it appears it wants to source this from own funds. £200M+T/O should give it a fighting chance. Once the factory is mfg, and outsourcing minimised, with gross profit margins at 90%, this looks a no brainer. I would be happy sitting on this sp for another 2 years. When the factory is producing, and on past results, eps could be 50p!!!!, Get a 5p divi on a 30p share. We would all have some of that, And naturally the sp will reflect the divi. All in MHO of course.

http://www.naibu.com/pdf/2014AGMQ&As.pdf

Agreed on receivables, and have increased terms to 120 days, and paying for outsourced raw mats at time of order will obviously significantly affect fcf. However, I'm a fan of Chinese martial arts movies ( not true), and I get the feeling bad payers in China are not taken to Court.

NBU have stated before that it buys the raw materials for their outsourced goods to control the buying in price. OEM purchases according to today's published figures were c£68m, and the profit margin is c50%, therefore I conclude they paid out £34m for raw materials ( less OEM's profit margin) to OEM.s in the period, and have yet to realise the income. NBU have stated that this is always H1 biased. As long as their is no fraud involved, and the new factory is up and running in 2016, I think this remains a good buy, indeed, an excellent buy if no fraud involved. All in MHO of course.

Thnks the info GM. As far as as SEL goes, I posted that it is better de-risked than 3L, and is therefore a better buy. SEL have a considerable upside elsewhere, as you are well aware, and a failure for 3L in Poland is disastrous, and SEL have a fall back play, albeit some way down the road. A gas play looks much better than a liquid play at the present time. BTW, I always read yr posts on these 2 cos., and in light of Russia and gas and all that, one would have thought the Polish authorities would been hell bent on getting gas out of the ground in the Baltic play like yesterday. I did notice those large buys and wondered if these were 'insider'. And then I thought why would buyers wait if there was a whisper from site, knowing that, following the frack, the sp would probably rise. It's a guessing game, and sometimes we can talk ourselves out of a good situation. Well, I can!!. Time will tell, and GL to you, 3L and SEL.

Are not a poor set, and do not reflect the 35% fall in sp. The fall is due to the non-payment of an int. divi, which last year was 2p. They may well pay a Full Year divi, last year was 4p, and at todays price would give a yield of 12%. f they had paid an int divi of 2p + 5% ( 2.01p), the cost to NBU would have been £1.27M. Considering the H1 int, show c£33M cash, it is a little surprising no int, is to be paid, with the BOD knowing the impact it would have on the sp. After saying that, IF it pays a 4p div end of year, the sp will again be well over 50p. The ind complex at Dazhu is to beready for manufacture 2016. I have no idea of the cost of this, and if it will require raising of capitol by either shares or bank loans. Preferably the latter since no further dilution. Once this factory is up abd running, GP will significantly increase since the present sales mix has 50% of shoes outsourced at a cost of sales of nearly 50%.. This should drop to near 20% when mfrd at factory.. All things being equal, and if there are no accounting malpractice, NBU should be at least a quid in 2016. All in MHO of course