Friday October 28, 2016
The Stinking hypocrisy of lefty film maker Ken Loach on BBCQT
Me of Little faith - Happy Hammers with my daughter
Tom Winnifrith Postcard: Trump is not the threat to World Peace, Crooked Hillary Clinton is


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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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