Tuesday January 24, 2017
Eleven old farts delay Brexit - good: the contempt for an out of touch Establishment grows
Dreaming of Anelion - I feel I must go visit Mike the Vlach, whether he is still alive or not
Tom Winnifrith Postcard: The pampered silly wimmin on the #WomensMarch against #DonaldTrump just don't get it

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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