Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Shares in Naibu (NBU), the AIM Cesspit posterboy Chinese company that claims to make sports shoes are off 30% today at 35p. You cannot say that I have not warned you that this is an outright Norfolk and interims today make that clear. The target price is 0p.
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Comments
Lom
old news tom, everyone n the city knows this just another bogus Chinese AIM company. I advise you to check out Camkids too. 再见哈哈
Tom Winnifrith
Lom
If you check out our coverage of the Naibu Norfolk you will see that we have been on the case a while ( ahead of the game). As such allow me the pleasure of seeing this through to the end, i.e 0p.
Fear not Camkids is on my radar
t
Lom
WD and apologies. Tom.Not sure how I can short this one from China though.
Paul Scott
Hi Tom,
Sorry if I’m being thick, but pls could you explain what you mean by a “Norfolk”??
I wonder if all the hate-filled comments & personal abuse directed at the bears on this stock from BB muppets will now result in a queue of people wishing to apologise to us?
It should do, but I very much doubt that a single one of the bulls will have the decency to apologise.
Incidentally I’ve never been short of Naibu, but have repeatedly warned my readers about the dangers of this & other Chinese AIM stocks, so am proud of having kept a lot of people out of what has been a disastrous stock.
You also deserve the credit for another big & completely correct call. When are people going to stop demonising you, and recognise that you’re actually doing a great service for the investing community, highlighting bad companies & warning people of the dangers. How ironic that the very people you are trying to help are the ones who are bitterly, and wrongly attacking you!
Keep up the good work, even if I don’t necessarily like the style of presenting your findings!!
Regards, Paul.
Harry Halfwit
Not sure I understand. Are you saying CEO Houyan Lin took the scrip dividend, not cash, because there is no cash? Are you saying the accounts are completely false?
Keep up the good work by the way. Im surprised its taken this long for someone to stand up and call these companies what they are. Out and out frauds. Its about time the house brokers and nomads who are complicit in these frauds are exposed. With a bit of luck they will be prosecuted.
Tom Winnifrith
Harry
Yes you got it in one. That is exactly what I am saying.
Prosecutions, or even loss of license for rubbish nomads… I fear that I am, not holding my breath on that one. The system is rotten to the core
T