UK 08:51 Wednesday, 7 October 2026
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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.
Former ‘Investors Chronicle’ favourite AIM casino China fraud Camkids Group (CAMK) has released a more than 600 word RNS, which can be almost summed up by a 1999 song from Wolverhampton band Babylon Zoo; ‘All the Money’s Gone’… The shares are crashing and if Nomad Allenby had any integrity it would quit. This is a total Rum n'Coke.
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Comments
MrMoto
Considering the Typhoon in Fujian provence yesterday, they will no doubt be announcing that all the stock was washed away in the storm for the next RNS.
Nasal Putty
http://www.camkids.com.cn/about.asp?id=1
“The business was established in 1994 by the Group’s Executive Chairman, Mr Zhang Congming, and began trading in 1995 as an OEM and ODM shoe manufacturer, primarily for the global export market.”
Globally Global but only sells in China…
https://mwmuying.world.tmall.com/?spm=a220o.1000855.w3-18452593920.2.MQnM4X&scene=taobao_shop
… via the equivalent of FleaBay? Given 10 RMB <-> 1 GBP then they appear to be selling their kit in China at UK prices. Does the average income in China support such prices and why might I be able to buy similar from FleaBay via Drop Shop Hong Kong for half the price? Good to see lots of happy Chinese kids wearing the stuff as well…. Erm. Rather than buying back non-existent stock with non-existent money why don’t they put on a discounted sale?
JASPERTHEDOG
I think you have missed a trick here. Let us, for a moment, suspend our dis-belief and accept that Camkids really did have all that cash in the bank. Even in China straightforward theft is still (just) straightforward theft. So, how to remove cash without falling foul of the law? Set up a series of legit-but-bogus distribution companies with clawback termination clauses and these ‘contracts’ that require repurchase of stock & huge termination payments for ‘non-performance’ now become a way for the cronies to siphon all the cash out of the company. Now you see it, now you don’t.
Warun Boofit
The PE ratio is now Quindellian at 0.3, there must be QPP investors looking at this right now to add to their long and strong recovery portfoliios of PsOS ( sorry, I am not familiar with the correct plural acronym).
DUCK AND DIVE
Is there an award for Funniest RNS of the Year?