Tuesday August 04, 2015
Weekly Postcard #121 - The Women's FA Cup Final and what it says about the loathsome BBC
Chatting up a 93 year old in Clerkenwell
Tube Drivers = Greedy Bastards who hurt poor people: when the revolution comes

PERSONAL, UNDILUTED VIEWS FROM TOM WINNIFRITH

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Geong – Another Crap Chinese Company on AIM provides pure comedy

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- Tom Winnifrith

AIM listed Chinese joke company Geong (LSE:GNG) is always a bundle of laughs. This is a company that works on projects for 18 months, does not invoice yet books the amounts as income. I have pointed out before that its balance sheet backing is illusory, that its “profits” ho ho ho never translate into cash and that it would probably be out of cash within a year. That was in September. But today the company has served up a stormer of a statement and I have just got even more bearish. This is a classic China bubble story.

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