what a clown
JRJC should be taken out-CISG just said on their call that they are looking for deals in wealth management business-JRJC huge user base is perfect for big insurance company to cross market their products-the only problem nobody in China ever sells-
Looks good and it looks like they will be doing some takeover deals with their huge user base, cash position, this could be hugely accretive to future earning. The question with lot of these Chinese names can they get normal valuations and with CISG its a lot higher. The great news they are in the right sector- reminds me of NOAH before the big move. good luck
Thats why if you look at the QIHU deal, ncty stock price, its best for both parties for QIHU to buy NCTY for 3.50-5$range. QIHU needs more revenue from PC games and is loaded with cash so they wouldnt have to split the revenue. NCTY has been disaster for years and investors are demanding consolidation not just for NCTY but the whole sector so your never going to get fair value mainly because you don't have a huge pipeline of new games.
Has ncty ever made one deadline?
In china-Maybe this is the start of massive consolidation in the space which is greatly needed. Obviously, NCTY should be involved in this and should be sold at some point. The whole sector drastically needs consolidation as small Game companies stocks have lagged for long time as CEO-see ZHU-are in denial or got hit with a soccer ball. This is what hurts Chinese names because shareholders have virtually no right to force deal like you see in this country. Maybe this is a start but shareholders have voted with their wallets and left NCTY
the problem with CISG short term will the dilution hurt numbers. in the long run its good news but this Chinese stocks havent got long term money in them yet or do they?
Theirs a great article on Bloomberg-China bull market just started it -sums up boom -bust -recovery phase for in general every market or assets group.imo The first part of any recovery-Get back to normal valuations,2, increase growth,3rd then at the end you get huge money flow chasing it and it sums up the Chinese market over there. However, you could you the same theory for every sector-regarding Chinese micro cap sectors trading here we are still in the bear phase for valuations because theirs a lot of mistrust still in the whole group. I think the bull case on not just EFUT but others similar if they turn if they get just get back to "normal valuations" would be huge ha. Good article to read- Nobody thought Chinese market would go up that big last year either so who knows.
The numbers are so bad they have to be legit-ha-seriously-The frauds were the one's where the numbers we way too good to be true. Plus, they are partnered with blue chip companies and ownership stakes. However, it doesn't explain why management is hiding. My view ZHU is hiding because the lower the price goes then eventually he can come in and take it private on the cheap or NCTY CEO proposed to take NCTY private at 50% premium from todays close or 2.10$-something like that. We'll see because nobody knows ZHU intention.
with the Chinese talk is cheap
thanks for the update- as I've said I would wait to see if ZHU buys any more shares -Zhu hiding
1, The ceo announced 18 months ago he would buy 5mill in stock- since then he bought by my count 200k shares at around 2.55$? If he's not buying at this level he doesn't seem to confident?
2, The company has announced buybacks and have already bought back more shares in value than NCTY market cap because of price so high- They last announced buyback was 10million- The could buyback 1/2 the float or almost 25% of the shares at 2$ average cost-This is when you get aggressive mainly because of the price. How about sell their real estate which might worth their market cap
The stock shows ZERO confidence mainly because ZHU is a crybaby. Wait too see his moves. I would think it bottoms completely at around 1$ -hopefully not but that's life.