Monday April 21, 2014


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PERSONAL, UNDILUTED VIEWS FROM TOM WINNIFRITH

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Geong - Numbers Just Look Wrong

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- Tom Winnifrith

AIM listed China tech stock Geong (GNG) is at 5.875p valued at just £2.13 million and according to its AGM statement it has net cash of £2.2 million and it recorded a small profit last year (to March 31st 2012) of £400,000 ( down from £2.6 million) on sales of £9.7 million (£11.3 million). So it is cheap as chips? No. Its numbers look very odd indeed to me and I would not wish to own this stock at all.

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