Orchard Gate
11 May 2015
Re: Further developments I just thought you could be a little more humble and perhaps even admit you were wrong, having previously claimed over and over again that it was not possible for Naibu to be a fraud as it is on the stock marker (as if there have never been any other frauds - remember Maxwell)? and even going so far as to claim - laughably it has to be said - that to suggest otherwise was to be guilty of libel against the London Stock Exchange.
LoadsaDosh2
08 May 2015
Re: Further developments Yawn; OG you are more interested in having a go at me than answering a genuine question! Yes I am generally gobsmacked that fraudulent companies can list on AIM and want to know how this has come about. Who is not doing their job properly and does this affect other countries or just Chinese companies?
Orchard Gate
08 May 2015
Re: Further developments On the Naibu BB you said it couldn't be a fraud because it was listed and had been thoroughly checked. Indeed you claimed that anyone who said otherwise was guilty of libel against the LSE.Does that not apply any longer? LOL.
LoadsaDosh2
08 May 2015
Re: Further developments So is the LSE complicit in these frauds? i.e. turning a blind eye just to get revenue in? It does beggar belief that there are not sufficient checks and balances to weed out fraudsters. Are Indian companies as bad; e.g. do you think KOOV is also a potential fraud?
Orchard Gate
08 May 2015
Further developments UK NED resigns and questions why no dividend was paid.And another of the Chinese AiM frauds unwinds as Sorbic now admits that its CEO has stolen all the company's cash and so it is, in effect, bust. Oh and the Chinese police have refused to get involved saying this is a commercial and not a criminal matter i.e. you lot have round eyes so we're not going to help you against a Chinese person.Naibu, Sorbic both now exposed as frauds and a list of other AIM China stocks which claim to be sitting on vast cash piles but can’t seem to afford cash dividends. JQW, Jiasen, Camkids, China Chaintek. Do you see any pattern emerging yet?
Orchard Gate
05 May 2015
Re: No final dividend! "The truth is that the company does exist and the cash exists"I have not disputed that the company exists as a legal entity but how can you be certain the cash exists? Have you been to the bank and counted it? And please don't respond by saying "the accounts are audited". So were Naibu's and so are those of all companies, including those which are later shown to be frauds.I'm not saying Camkids is a fraud. I'm saying you should at least open your eyes to that possibility. It claims a huge cash pile but can't pay a dividend. Smell fishy to you? Sound familiar (e.g. Naibu)?If you just ignore the possibility, the warning signs and those like me suggesting caution then you deserve to lose your money.
LoadsaDosh2
05 May 2015
Re: No final dividend! Orchard Gate is an old sour puss who delights in other's misfortunes; however he was correct on Naibu and as per my comments below I have sold out of CAMK as I don't trust them either. First there was a Chinese sportswear/footwear company listed in Frankfurt that was ascam, then Naibu, and now CAMK making dubious statements at the interim and no dividend at final......hmm
Wildcat2
01 May 2015
Re: No final dividend! Orchard gate - if you were shown round the factory and introduced to the CEO you still wouldn't believe that Camkids existed! The truth is that the company does exist and the cash exists. But like other Chinese companies it treats shareholders in a way that we find very difficult to understand. Chinese management is extremely cautious about keeping cash on the balance and simply does not understand Western dividend culture. I called one of the non-execs to make my views clear on this. He was very apologetic. He was guarded, but my impression was there had been a boardroom division on the issue of dividends, but that the Chinese had refused to budge.
Orchard Gate
28 Apr 2015
Re: No final dividend! "Chinese companies have this maddening habit of cancelling the dividend if things aren't 100% hunky dory in the world. So we get no final dividend here, despite the company having £40m in the bank and making a profit after tax of £17m."Have you considered the alternative interpretation? There is no cash. It makes no profit. It's a scam.Wake up guys. Just look at the Naibu discussion and see if you don't get the sense of deja vu.
LoadsaDosh2
24 Apr 2015
Re: 56p in cash..do you believe it tho? There was a clear indication at the interim stage of something fishy going on where the chairman states:"Zhang Congming, Camkids' Chairman, considers that the current share price of the Company is fundamentally undervalued. However, at the same time, he understands the concerns of investors in relation to an increase of his own shareholding. Accordingly, Mr Zhang will take as much of his own dividend under the scrip option but only in so far as this does not increase his percentage shareholding which is currently 66.91% of the Company's issued share capital. He will receive the remainder of his dividend in cash."So he is taking the cash while its there and trying to spin it like he is doing us all a favour! Plus the script option was more generous to encourage the PI's NOT to take cash.Is Simon Thompson of IC still in this?
one4all
23 Apr 2015
56p in cash..do you believe it tho? problem here is simple. company states in february that they cant understand the share price, they say that they have cash equal to 57p per share. so what do they do, they dont announce a final dividend.. what reaction do they think that will have... even if they announced a 2p per share divi. that would be only 2.5% of cash reserves and be like a 12% yield on the year. so the question really must be do you believe that cash balance??I tend to agree with the market.. and its a no from me too.. if it looks like NBU and acts like NBU and comes from the same country as NBU, then just maybe its going to do another NBU like disappearing act , but I may be wrong
LoadsaDosh2
23 Apr 2015
Re: No final dividend! Exactly , another scam
TX2
23 Apr 2015
Re: No final dividend! Just LOL!That other listed Chinese company Naibu had loads of cash on its balance sheet until it went AWOL,after first cancelling its divi!Yep It's a cultural difference.Chinese share promoters think Western investors are fair game to be ripped off and will believe any drivel........
Wildcat2
23 Apr 2015
No final dividend! Chinese companies have this maddening habit of cancelling the dividend if things aren't 100% hunky dory in the world. So we get no final dividend here, despite the company having £40m in the bank and making a profit after tax of £17m. A reduced divi of 1p would have cost them only £750k.. It causes total bewilderment to UK private investors for who the promise of a decent divi is a vital part of the risk/reward calculation at purchase. They don't mind volatility in the stock price if they can be certain of some income.It's a cultiral difference - Chinese companies like to have lots of cash on the balance sheet and see divis as a bonus to be paid in a good year.
Frankers70
18 Apr 2015
News? Two months ago I wrote that I hoped we were now off our 10p low and that the share price may rise to a more realistic level. That has proved true. I'd now like to see the share price increase backed up by some positive news. We're well over due full year results are we not?Trouble with CAMKIDS is that the gains can and will disappear on any negative news and although breaking even with my 10,000 shares at the mo, I'd like to hear something positive before being encouraged to buy more.As ever GLA...
