http://www.rcg.tv

Too true.

I could name many like that :-o

Comment to a post on AFN :

It is an interesting point, and I raised it earlier that somone should be asking what the terms are for the directors bonus scheme. EG, is part of it weighted towards earnings per share ? Underlying earnings etc.. ?

If with the R&D costs issue on the last results being put to intangibles, and with share buy backs being made that enhance the earnings per share figure at the expense of shareholders funds.........there must be a question of why there is an all out efforts to beat broker forecast EPS figures.

Perhaps there in lies an answer as to why the broker EPS forecasts are so "low". Perhaps these figures are the companies own "internal targets" upon which director bonus is based, and of course, beat those targets and qualify for extra big bonus. So the question remains for last year 2007 and for this year 2008, is any part of the director bonus weighted to "beating preset EPS figures" ??????????



marben100 - 29 Mar'08 - 18:15 - 16854 of 16861

Just got round to studying the annual report, received a few days ago. One thing I note: directors' remuneration increased from HK$13.3m in 2006 to HK$42.9m in 2007. Raymond Chu's package rose from HK$9.5m to HK$31.6m.

Now, whilst I don't begrudge decent salaries in the light of good business performance last year, 2m+ (+ HK$4m of shares) for the Chairman/CEO of a company this size does seem quite a lot. I presume most of it arises from bonuses, however, so as long as the performance continues I shan't object too much.

The directors announced the renewal of the share buy back progamme today yet recently announced a reduction in final dividend to conserve cash for future acquisitions. The directors seem confused and short of cash.

Stolen from my friend donaferentes on another site:-

Very happy with today's bullish stance from Chu, believe the ML forced selling theory, believe resolution of the Wang estate would be most helpful, whatever promises made about not selling by Chan etc.

One small niggle - the share buy back, out of funds raised only last year. I am no expert, not even in nursery, but what evidence is there that share buy backs support the SP at all significantly?

I'd rather see the cash used either for a growing dividend policy - always supports the SP over time (v. long term Barclays Capital says dividends are 75% of total return on investment), or earnings enhancing acquisitions.

We want the management to invest our funds profitably, not give it back to us with no added value.

I see this currently as a long term pension hold, come rain or shine short term.

You make a reasonable point but following recent transaction in their own shares the SP has risen - made me 20% in past month - imagine how much Chu and his mates had added to their pile even on their puchases on 27 Mar. Good luck to you all indications on this one reflects that the shares are too cheap and should be around 120p

I cannot believe this...I must have sold at the worst possible time....blast it !

RCG bought 25000 of their own shares yesterday, with 232 million shares issued who are they trying to impress?!

me?

Olympic Contract for RCG


According to the news published on the Chinese RFID website on 9 April 2008,
http://news.rfid360.cn/200804/7320.html

RCG has just been awarded a two-year wireless LAN contracts to provide the wireless data services for the venues of Beijing Olympic Games.

http://www.rcg.tv/html/eng/industry_technology/news/rfid_news/2008_details_38.jsp

Comment from ADVFN after posters got tired and sick of "PapalPower" negativiness at the stock lately .........


Wandering how "PapalPower" was promoted to, from "Fartpower" to the present nickname? all to do will "baked beans"

Has keeped clear of this thread this afternoon after the BREAKOUT, may aswell stayed at his FARTING thread

Breakout this afternoon from the latest high recently on the bounce from lows.

Still like to see us clear 80p to decisively break the massive March 2007 downtrend. Reckon it's coming soon?

stockdog

76p +3.25p
Any rise tomorrow and goes over the donwtrend line

Master RSI -

Having a good ramp are you ?

Lucky I was bearish on this one all the way from 150p down to 50p :) LOLOL

MasterRSI = Pumper and Dumper - nothing more, nothing less

Pure ramping...................

That's why the sp has risen some 20p PP I suppose.

Pure ramping on here.

Ah, now I understand.

It has not risen 20p on ramping, however

some now are trying to ramp it....yes.

Well its obviously just worked! lol

If we can now get back above the 200dma then perhaps there is hope for a sustained rally back into the 100's. Since I rashly bought my last lot at 142.5p (although the bulk at average of 68p) it would obviously be a comfort to get back into profit on those. Fundamentals suggest it strongly, as does Jim Rogers current aggressive stance on Chinese stocks (RCG not strictly a CHinese stock), but we are clearly in the grip of market sentiment - w/wide and all things Chinese. Sentiment cannot last for ever, although perhaps longer than any of us can stay sober - to pervert a well know expression!

Today's continued move up helps confirm my view that this is a very reasonable hold mid-long term.

Hope yer right!

I rather stupidly bought on results at 83p so coming close. I fear a retracement now.

You can nearly always guarantee with these situations, if I sell to make a small loss the sp will rise and if I hold, it will slump.

Such is life on the SM.