Investor's Champion Blog
Provides refreshingly forthright, independent comment on predominantly small cap companies and specialist investment funds. Informed opinion, based on first-hand research, but pulls no punches in exposing management weaknesses.

GEONG INTERNATIONAL - A nice announcement to finish the week

One of my recent favourites, Geong International, the Beijing based provider of enterprise content management software, announced that it has signed a contract with Shanghai General Motors worth US$880,000.

The contract, which was won in partnership with Oracle China (nice partner!), is to deliver the fourth phase of SGM’s Dealer Management System (DMS) which is based upon GEONG PortalAgeTM infrastructure that GEONG originally designed and installed in 2005.

At first glance this sounds quite good to me. Geong’s full year turnover to March 2007 was US$8,112m and the broker’s estimate for 2008 was US$11.4m. So, unless I am mistaken US$880,000 appears to represent quite positive news!

I hope they can keep things going


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