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

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

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

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.....

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

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

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.

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

#

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.'



- Ends -

confess i cannot work out how to evaluate this company ..... my gut feeling is that it will come unstuck as it feels all hype, but no real logic to that and i know SOLA have done well for me, and that was similar in many ways ..... however, i feel that putting money in GMO is greed over grey cells .....

Tonker .... can you persuade me otherwise?

I have sold out now actually, Still am kicking mysel for it... think I was spooked by your coments.... they could still be good punt.... wide pread... Am in Amsterdam now, can not make any further comment...

Cynic might be a good time to get back in, no trades yet today, unless it comes though late... spread has narrowed

FWIW, some arithmetic.

Allowing for current number of shares in issue (post AIM float), 38 million, EPS was 1.189p. Assume this doubles at full year: 2.378p. At current SP offer of 130p, you have PE 54.7. Quite high.

The share is trading at a multiple of 10 times balance sheet net asset value of 13p. That's very high indeed! Include the 5 million raised at the float and you have 26p per share, only 20% of market cap.

GMO is apparently set to double its share capital in order to take over Wisdom Choice Investments Ltd, subject to Wisdom achieving certain earnings targets. Wisdom is at least cash generative and GMO is going to pay around 13 times projected earnings if it takes over the entire company.

This is a high-risk strategy for GMO, as its share price will need to remain buoyant if it is to have the firepower to be able to take over Wisdom without unnecessary dilution. Might not be easy.

I think I'm with Cynic on this one - better to be shy than get bitten.

GMO aims big in China

KUALA LUMPUR: GMO Ltd, jointly owned by Mesdaq-listed Green Packet Bhd, mTouche Technology Bhd and OSK Ventures International Bhd, plans to take on and beat Nasdaq-listed Internet portals like Sina.com and Tom.com to become the top wireless value-added services (WVAS) provider in China by end-2007.

GMO chief executive officer Eugene Goh said the company’s 20% acquisition of Wisdom Choice Investment Ltd for US$16.4mil with the option of acquiring the remaining shares for up to US$94.79mil was “a big step in the direction.”

“Wisdom Choice will strengthen GMO’s presence in the WVAS market in China substantially ... enabling us to take advantage of a potential customer base of more than 400 million mobile subscribers and more than one billion television viewers in China.

Eugene Goh flanked by GMO Ltd directors Puan Chan Cheong (left) and Eddie Yap at the press briefing
“With the acquisition, GMO will have a share of about 15% of the WVAS market in China,” Goh told a press briefing on the acquisition of Wisdom Choice yesterday.

China’s WVAS sales reached US$770mil in 2004 and it was estimated to grow at a compounded annual growth rate of 28%, reaching US$1.6bil in 2007.

Jersey-incorporated GMO is listed on the London Stock Exchange Alternatives Investment Market. Green Packet and mTouche have a 30% stake each in the Beijing-based company while OSK Ventures International holds 15%.

Goh said Wisdom Choice was not only the exclusive service and technology provider of ColorComm Software Technology Group, a market leader in WVAS and an interactive media company in China, but also enjoyed full economics benefits of the company.

He said ColorComm was a pioneer in the development and launch of interactive media entertainment services in the world’s most populous country.

“ColorComm has successfully penetrated more than 250 television and radio stations in China and revenue from interactive media increased seven-fold since January.

“The growth is strengthened by ColorComm’s policy of increasing two products every month,” he said.

Goh said the price for Wisdom Choice’s shares was attractive because of the synergies it provided GMO.

“It will help us jumpstart our growth to be the leading WVAS and media conglomerate in China,” he said.

GMO was expected to recoup its investment in Wisdom Choice within three years, Goh said, adding that the purchase of Wisdom Choice would be financed by a mixture of cash and debt.

He said GMO’s market capitalisation at AIM had increased to US$110mil from US$40mil since it was listed earlier this month.