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clock Created with Sketch. 18/08/15
11:53
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Originally posted by stardestr0yer
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Just wanted to get some views from some experienced investors as to whether they ever consider subscribing for shares in Chinese companies attempting to list on the ASX. I have only done it once (XPD Soccer @20c) and I think it was only due to pure luck that I doubled my money in about a week as BBY was put into receivership and from memory clients who used BBY to obtain shares were not given any and as such they bought them once listed and drove up the price to 41c. The shares are now sitting at 17.5c. I mainly bought into XTD for the following reasons:
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Not sure how one gets comfortable with Due Diligence of an offshore entity in China ? Many have stumbled at this hurdle historically as analysts, etc. can't really verify for themselves alot of things - they are not going to fly to China after all. But good on you for doing well out of one (hope you sold ??)
