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Chinese Mobile Service Provider... another wonder stock? (GMO)     

Tonker - 06 Sep 2006 09:25

Take a look at these... issued at 50p already up 80%... I am stilll shaking, bought at 62.5p now 96p... stick these on your watch list
Chart.aspx?Provider=EODIntra&Code=GMO&Si

Tonker - 10 Sep 2006 20:38 - 10 of 34

Looking forward to Monday, still thinking about buing more. Still kicking myself for not buying on the dot at 8am last Wednesday... When I spoke to my broker he said the price was 57p, told him to buy, and he called me back to say the price had moved up to 67p and he had not bought because the price had moved too quickerly. I was p****d off......

cynic - 10 Sep 2006 21:09 - 11 of 34

perhaps a silly Q but perhaps not ..... was there not another Chinese IT or telecom IPO (I think that is the correct acronym), perhaps in NY, that went totally through the roof, then collapsed and little has been heard of it since?

If that is so, then I can say watch out and bail out once you have reached your predetermined target .... and stay out!

Tonker - 10 Sep 2006 21:57 - 12 of 34

How would one set a predetermined target? How would one make it realistic? Sorry for novice questions

cynic - 10 Sep 2006 22:03 - 13 of 34

By determining what you think is a fair profit ..... shares that rocket have a nasty habit of falling like sticks ..... been there, done that and got a drawerful of T-shirts

Tonker - 11 Sep 2006 07:30 - 14 of 34

Well will be looking for double, got in at 82.5p Target is 165p

Tonker - 12 Sep 2006 08:21 - 15 of 34

First 5 trades are all X trades.... can anyone explain what this means?

cynic - 12 Sep 2006 08:33 - 16 of 34

a small caveat .... unless i am much mistaken, the excitement and particular the volume in this share has completely died away .... imo, if you are a holder with a decent profit, then it would be no bad thing to take at least some money off the table .... if traders start getting bored, as they may well do, then the price could easily fall at more than the rate at which it rose

cynic - 12 Sep 2006 12:03 - 17 of 34

just to be dull, i repeat my earlier comment ...... call be cynical, but i may be detecting the faint aroma of at least smoke

Tonker - 12 Sep 2006 17:19 - 18 of 34

Hey Cynic, can you explain why the price moves up on more sells, does not make sense? Still moving up, nice gain today

cynic - 12 Sep 2006 19:34 - 19 of 34

the Lord often moves in mysterious ways! ..... However, my advice remnains the same ....... Note how volume has dwindled to nothing

Tonker - 12 Sep 2006 22:42 - 20 of 34

you may have a point, but i will hang tight for a bit... thanks for warnings

Tonker - 13 Sep 2006 17:08 - 21 of 34

Another 2p rise, has risen every day since it floated.... still think there will be more to come

Tonker - 15 Sep 2006 13:21 - 22 of 34

Huge 10p jump today, still on the rise, I'm loving it!!!

cynic - 15 Sep 2006 13:35 - 23 of 34

10p huge???????? ..... not with a share of this price which has a spread of 10p anyway ...... and note well the pathetic volumes

Tonker - 15 Sep 2006 13:52 - 24 of 34

I know, I would not buy them now, but it is good for people that hold these shares. I must say that I am not ramping these shares up, I feel that Cynic thinks I am. All I can say they are still doing well..... I am a holder of these stocks and my opinion will be bias.....

cynic - 15 Sep 2006 13:59 - 25 of 34

no i don't feel you are ramping at all ...... my caveat remains however; i would not be remotely surprised to see sp tumbling back and nor should you ...... at least put in a trailing stop to protect some profit

Tonker - 15 Sep 2006 21:08 - 26 of 34

GMO Limited, based in Beijing, is a provider of mobile services in China. The Company's services include interactive voting, gaming and mobile entertainment. It is a part of The GMO Group, which has developed the SonTouche platform (STP), a technology that facilitates the delivery of cross network services and applications regardless of network type, operation standards or format of content. Green Packet Bhd and mTouche Technology Bhd hold 40% each in GMO Limited, while the remaining 20% is held by OSK Ventures International Bhd.

Both Green Packet Bhd and mTouche Technology Bhd, have seen very strong share groth over the last year, and there companies are very similar to GMO Limited. Use the following links to see for yourselves
http://biz.thestar.com.my/marketwatch/charts/chartlist.asp?charttype=1&days=90&submit1=submit&stock_code=0082%2CGPACKET&p1=3.76&p2=3.78&p3=3.8&p4=3.76&p5=3.8&p6=0.04&p7=1.06&p8=1656&p9=35.368&comurl=
http://biz.thestar.com.my/marketwatch/charts/l.asp?code=0092~MTOUCHE&p1=3.74&p2=3.72&p3=3.74&p4=3.68&p5=3.72&p6=-0.02&p7=-0.53&p8=612&p9=15.691

Tonker - 17 Sep 2006 20:52 - 27 of 34

quote from http://ichithekiller.blogspot.com/2006/09/eod-update-15-sept-2006.html

GMO Ltd. shares have gone on to hit 127p on the AIM in only its 2nd week of trading. This translates to a 154% rise over its IPO price of 50p a share. GPACKET & MTOUCHE each hold 12 mil shares in GMO (assuming none sold since IPO). At RM6.90 to GBP1.00, each of their stakes would now be valued at more than RM105 mil. I'm not sure what their cost of investment in GMO Ltd. is, but I bet it's nowhere even near this figure.

In the last week or so since GMO's IPO, the share prices of GPACKET & MTOUCHE have been sliding slowly from above 4.00 and seem to be stabilising now. This is a divergence from GMO's performance which has continued to be on the up and up. Wonder how long more investors can ignore this divergence? The same argument can be applied to OSKVI (up 3c today), although it only had 6 mil shares in GMO at point of IPO.

Tonker - 27 Sep 2006 19:20 - 28 of 34

Still going strong, when will they stop....

#

Tonker - 29 Sep 2006 07:54 - 29 of 34

Press Release 29 September 2006

GMO Limited

('GMO' or 'the Group')

Unaudited Interim Results



GMO Limited (AIM:GMO), a leading provider of wireless value-added services in
China, which was admitted to AiM on 6 September 2006, today announces its maiden
unaudited Interim Results as a company listed on AIM, for the six months ended
30 June 2006.



Highlights

• Successful completion of AiM IPO, raising £5 million for the Group
• Strong business prospects in China
• EBITDA £0.9 million on net revenues of £0.9 million
• Robust earnings per share of 1.5 pence


Commenting on the results, Tan Sri Datuk Dr Omar Rahman, Chairman of GMO
Limited, said: 'GMO is involved in the fast-growing telecommunications sector in
the world's largest market, China. The outlook for this sector is attractive
and with the foundation of the Group in place, we are confident of the prospects
in the months to come.'



Eugene Goh, Chief Executive Officer of GMO Limited, added: 'Our unique
positioning in China, the largest mobile market in the world with more than 400
million mobile subscribers, presents an exciting opportunity for tremendous
growth. In the coming months, we will be focusing on our corporate strategy of
organic and acquisitive growth. We aim to be a leading player in the China
market.'



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