Australia's largest stock trading and investment forum Australia's #1 stock forum

99L

Click for more information

0.00%

1.0¢ 99 loyalty limited.

Yep, well said Turville. Gw

First 7 Last

Share
Profile

Follow
Gwaihir

5,175 Posts.

3798

16/02/16

03:10

Post #: 17027458
Share

Originally posted by turville ↑

Gwaihir - well put.

You have hit the nail on the head re a dislike for the capital structure of these companies. From memory NNW must have well over 80% of equity held by Chinese individuals/entities who are more than likely related parties. The free float is tiny compared with the huge amount of shares on issue.

Nearly all Chinese companies that have listed on the ASX have excessive number of shares in Chinese hands. That's why institutions have no interest - illiquid stock, no voting power and pretty opaque data and news.
Friend of mine who runs a very successful fund said "I wouldn't put my worst enemy into one of these stocks".

The business model appears to be ok but I cannot understand where all the revenue goes - must be some considerable pay out to participants in that model (e.g. banks etc) - I stand to be corrected.

May have missed the opportunity in the USA (tech has gone soft) and markets generally looking horrible

Expand

Yep, well said Turville.

Gw

NNW Price at posting: 8.0¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

MSB

Mesoblast resubmits US FDA application for approval of Ryoncil in children with graft vs host disease; shares dip -4%

SPR

Spartan sniffs 126g/t gold ahead of resource upgrades at WA's Dalgaranga

SRL

Scandium a priority metal for Sunrise as it plans feasibility update at Syerston

OCC

Orthocell shares jump on record revenues from sales of collagen bone repair devices globally

PL3

Patagonia looks to raise $2.15M for South American exploration and development

There are more pages in this discussion • 5 more messages in this thread...

First 7 Last

Add 99L (ASX) to my watchlist