Grand Group Investment

GIPO: 10.25 0.00 (0.00%)

Delayed:2017-11-17 05:00:06
Bid Price 9.50 High Price 0.00
Ask Price 10.50 Low Price 0.00
Open Price 0.00 Spread 10.00%
Prev Close 10.00 Volume 0.00

Grand Group Investment Share Price Chart

Intraday

Historic - 1 year


Grand Group Investment Share Price Information

Name Grand Group Investment Epic GIPO
Sector Financial Services ISIN KYG405631014
Activites Grand Group Investment plc was founded in 2014. The Company has been established for the purpose of identifying, acquiring and investing in small to medium-sized companies with high growth potential, principally operating in the People's Republic of China. Grand is a late stage incubator fund which focusses on investing in established businesses with technology or intellectual property which the Board believes will benefit from access to university research resources. Grand acquired a 33 per cent. stake in Wuxi Victory Media and Culture Co. Ltd. (Victory) for RMB 196 million. Grand holds this interest indirectly through a Variable Interest Entity (VIE) series of contracts. Victory produces training courses, training software, and training videos for basic blue collar jobs, primarily in the metal working sector in China. The market for these training and education videos is large in China, covering unskilled labour migrating from the countryside to urban areas. In its year ended 31 December 2013, the Victory group made profits after tax of RMB 55.8 million on revenues of RMB 102.2 million. Security Type Equity

Key numbers

Latest Share Price (p) 0.00 Net Gearing (%) -39.36
Market Cap (£m) 3.40 Gross Gearing (%) 5.20
Shares in issue (m) 33.95 Debt Ratio 0.00
P/E Ratio 25.00 Debt-to-Equity Ratio 0.00
Divs per share (p) 0.00 Assets / Equity Ratio 1.06
Dividend Yield (%) 0.00 Price to book value 0.01
Dividend Cover 0.00 SROCE (%) 6.11
Earning per share (p) 0.40 EPS Growth (%) 106.83
52-week high / low (p) 16.50 / 4.50 DPS Growth (%)

Grand Group Investment Broker Views

Date Broker Rec. Price Old target price New target price Notes

Grand Group Investment Director Deals


Grand Group Investment Company News

Grand Group Investment update on Nomad

Grand Group Investment has confirmed that although its shares are currently suspended, AIM rules still applied and as its nominated adviser would no longer be authorised from today it had one month to appoint a replacement.

The company said it if failed to appoint a new Nomad by 20 Nov, admission of the company's shares to trading on AIM would be cancelled.




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Grand Group Investment's Nomad status rescinded

Grand Group Investment has been informed that its nominated adviser, ZAI Corporate Finance, has had its nomad status rescinded by the London Stock Exchange.

Grand Group Investment said it had been told that the decision had been made because ZAI no longer met certain criteria as under AIM rules a nominated adviser must: - have acted on at least three relevant transactions during that two-year period

- employ at least four qualified executives and in this regard the Exchange will take in to account the overall experience of the qualified executives on an individual basis and as a team

Grand Group Investment said the recision would take effect on 19 Oct and at that point the company's shares would be suspended from trading on AIM and if replacement was not appointed within one month of suspension, the company's shares would be cancelled.

The company said the board was in talks with potential nominated advisers and hoped to update the market shortly.





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Grand Group resolutions passed at AGM

Grand Group Investment - a provider of expansion capital and value added services to China-based SMEs with high growth potential - has confirme dthat all resolutions put to shareholders at its annual general meeting in Wuxi, China, on Friday were passed.


At 8:01am: (LON:GIPO) Grand Group Investment Plc share price was 0p at 5p



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Grand Group Investment swings into profit

Grand Group Investment has reported a profit after tax of RMB 13.7m for the year to 31 December 2016, compared to a loss of RMB 195.3m for 2015.

The Company's diluted earnings per share was RMB 0.39.

Non-executive Chairman, James Newman, issued the following statement:

2016 was an eventful and challenging year. I refer you to the announcement of 30 September 2016 for a detailed explanation of the events leading to the delay in issuing both the 2015 audited financials and the 2016 interim statements.

As notified on 30 September 2016, the company disposed of its two investments: Victory and JXT. These disposals triggered paragraph 5.6 (sub-paragraph 2) of the AIM Note for Investing Companies, and as such the company became treated as an AIM Rule 15 cash shell. In accordance with AIM Rule 15, the company has until 30 September 2017, approximately 3 months from now, either to implement the current investing policy or to make an acquisition which would be considered a reverse takeover under the AIM Rules. If the company is unable to do so it will be suspended again, this time pursuant to AIM Rule 40.

The company started 2017 with a virtually clean slate, having sold its investments. As of 2016 year end, proceeds from the sales of Victory and JXT investments have been coming in on time, and cash had grown to RMB 140.8 million. As of the end of April, funds continued to arrive on time and total (unaudited) cash was RMB 221.2 million - approximately £25 million. No new investments have yet been made with the proceeds.

The group has much to do in 2017 - notably finishing collecting the proceeds from the investment exits, but as importantly developing the pipeline of investment opportunities and investing by the September 30 deadline.

Outlook

As the US Federal Reserve continues to look to raise interest rates, there has been a significant impact on the Chinese investment market, causing many asset prices to return to more rational levels. This provides a great opportunity for Grand. The sales of Victory and JXT have bolstered Grand's cash reserves for future investments. Now that Grand has regained listed status on AIM, it is in a better position to make those investments.




At 2:04pm: (LON:GIPO) Grand Group Investment Plc share price was 0p at 14.25p



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