Finally some good news....
Geely Automobile Holdings Ltd. plans to raise its full-year vehicle sales target after demand for its new models exceeded its projections.
“We will definitely surpass our annual sales target,” Chief Executive Officer Gui Shengyue said in an interview today, declining to name the new sales target. “All the models we added since last year turned out to be great successes. It’s the first time we had so many hits at the same time.”
Geely, which has been developing vehicles with Volvo Cars, said sales rose 41 percent in the five months of this year, faster than the 6.4 percent average pace for the industry in China. The company previously said it aims to sell 450,000 vehicles this year, compared with the 417,851 tally for 2014.
Geely plans to add a new sport utility vehicle model as early as the end of this year and aims to start sales of its New Emgrand Electric car in August, Gui said.
Hey Jim. Found it funny when you said don't look at Geely for 6 months or so and then see how it's doing. Funny thing is that if I should do that, most likely I'll find that it's below what it was when I had last looked at it. But having said that, as much as I hate Geely, I am not yet ready to dump it, or get out of it. I have held it for so long that I just don't want to risk seeing it go up the following day after I move on to something else. Yes. I do have that effect on stocks. Haha.. A friend of mine here in the office tells me to just sell it for a couple of cents lower than the asking price to make sure it sells, but I rather hold on to it than to give it away. And so, as much as I might get frustrated with this stock, like I said, I have held it for so long that I almost have no choice than to hold it and keep on letting out my frustrations on the board from time to time.
100 shares today. 100 shares!! Based on the average volume the last 6 days it would take me 15 trading days to eliminate Geely from my portfolio. And that is provided that no one else is dumping the stock, and only my shares are bought. Any other seller trying to get out and who knows how long it might take to exit this stock. Good luck to anyone who might need his Geely investment because of some emergency and need to sell. Big mistake to buy any stock with such thin volume. I don't think it is due to no sellers, but rather that there are no buyers. And of course, the fact that Geely never posts any news does not help matters at all. If anything, anytime I search Google for any news I end up being greatly disappointed, as I am more likely to find negative news than positive. Any investment on this stock is purely based on blind hope. The opportunity cost of holding this stock is unbelievable. Even though I am a LONG-TIME holder of Geely, I have to say that if I could dump all my shares at once I would be more than happy to do so, but with a 100-a-day volume, that is just plain wishful thinking.
As I said before, gelyf is no pps driven here in the States, but rather all manipulation is done in Hong Kong. For the life of me I cannot understand why some posters here get all excited over price movement on no news. For those of us with a nice chunk of shares (70k), it would take a few days to unload, and so unless we really need the money, might as well keep holding on for dear life. ... Aside from that, whatever news I find seem to apply to Volvo, and not to Geely; we are part of the same holding company, but not the same company as Volvo. Hopefully sometime soon some of the Volve technology will be incorporated into some Geely automobiles, otherwise we may never come to realize the gains that we have been waiting for. And so people, here we are, Friday, an Geely being down in HK, will also be down in the States. #$%$!!!!
looks like just like it went up for no reason, it is now coming back down. People on this board tend to get a bit over-excited when the manipulators in Hong Kong decide to bring the pps up so they can sell, as opposed as Geely going up on good fundamentals and good news. Now, just like the last time Geely hit 60 cents more than two years ago (Feb. 2013), they seem to be about ready to bring it back down again. Hard to believe that I have held on to this company for so long hoping for the payoff at the end of the rainbow, only to be continuously disappointed. Since Feb. 2013 we went from a intraday high of 61 cents to a low of 32; and before that I think it was 63 cents, before heading back down to the very low 30s. Extremely disappointing and frustrating. And just like geox, more than 60k shares and not much to show for it in the several years I have owned this stock.
The Spokesman of Geely Automobile said, “During the month of February 2015, the combined sales volume of ‘EC7’ and ‘Xindihao’ was 39,379 units, an increase of about 105% from the same period last year. The aggregate sales volume of ‘GX7’, ‘SX7’ and ‘GX9’, the Group’s Sport Utility Vehicles (SUVs) was 12,134 units in the first two months of 2015, an increase of about 126% from the corresponding period last year. Also, the combined sales volume of ‘Vision’ sedan and its new version was 18,880 in the first two months of 2015, more than sevenfold when compared with the same period last year.
H jim. I had already checked the YTD chart and returns for the yeas (69%) at 4 this morning while doing some late work at home. This climb up is nice to see, but can't hide the fact that last year's sales were down 46%.
Having said that, lets hope that this year sales will improve and we'll see a nice move up by Geely. At this moment it is .53 cents, but lets not forget that on two occasions or so Geely has touched the .60+ cent mark only to go back down hard soon after.
I'm happy with the move up, but I am not holding my breath that this time things are different just yet.
Maybe these type of news have something to do with the climb we've seen this year:
(HONG KONG, 6 March 2015) --- Geely Automobile Holdings Limited (“Geely Automobile”/the “Group”)(Stock code: 175) announced that the total sales volume of the Group for the month of February 2015 was 33,138 units, an increase of approximately 55% over the same period last year, but was down approximately 44% from January 2015, primarily due to the Chinese New Year holiday in mid February and thus the less number of working days in February 2015. The total sales volume in the first two months of 2015 was 92,022 units, an increase of approximately 67% from the same period last year. The Group’s exports volume was 6,845 units in the first two months of 2015, about the same level the Group achieved for the corresponding period last year. During the first two months of 2015, the Group’s total sales volume in China market was 85,177 units, an increase of around 77% from the same period last year.
........ (Continued on next post)