lets see whether it will hit 35c today

35c next resistance after that 40c. Keep an eyes on it. next round is coming.

Fair price at 60-61c...watch out..don't expect too much. Monkey business coming year

I guess it is reasonably cheap given PE of 7.5 and NATB of 94c

Jupiter recommend to buy this morning, entry at 36c to 36.5 and target 41c.

This share seems to hold up well. I expect it to be trading around 52c under the current market condition.:-)

take your profit today

It go as low as $1.25 today. The next stop is 1.21 after that 97c

be careful. Once it drop below 50c, the next support is 47.5c, Technically, it is trending down.

Sell when opportunity come and wait for it to bottom, if there is a bottom!

ya EPS could be around 7c for the year. But who know what the share price is going to be when the market is trending down and China slow down.

don't be so sure. wait till 4pm when the brokers start force sell some share.

Look like buyers are staying on side line, Would GCB test $1.24 again today?

The main shareholders are in for the long term. He is unlikely to sell. I am sorry to give you guys yet another set of forecast. You are right, Always take the forecast as a grain of salt.

I have been reading all your discussion with great interest. What dividend distribution is going to be is everyone's guess. The directors had been selling down their holdings after the results were announced. Who know the company affairs better than the directors.

Technically the shares are on a downward trend. The next support is 60c and the following one is 49.5c. What is important is the timing of the entry if you think that results is going to be good.

My forecast of 2016 operating profit is between $108m to $110m. This exclude any exchange gain (2015 $54m) or losses and other income (2015 $62.7m) on the assumption that the sales will be flat in 2016 given the slow down in China. On that basis, the dividend distribution would be in the region of 3.5c to 4c for 2016. Sorry I am a bit pessimistic compared to some of you. This is only my view. Time will tell whether whose forecast is correct.

in fact some purposely sell it down to force the margin trader to throw out.

correct but over time fundamental always win. eventually he run out.

Never know what is around the corner. Technology changes and economic downturn is a risk but consistent results for eight quarters do tell a story. what I love is the quarterly dividend. That is a plus.

You are absolutely spot on. Why buy Dufu which is trading at 10x Forecast PE and dividend not assure when you can be 99% sure that JCY will pay you a dividend that is in the region of 5c pa and that it is trading at FPE of 8.5. I am an independent advisor not a remisier.

Put it this way Desa, if you are my private clients I would recommend you to collect some JCY share now as part of your medium term portfolio.

I don't think I am being critical. I was merely sharing the information I got. It is my view that JCY should be trading at around 84c ie 10x 2016FPE. The reason is very simple. The profit figures had been consistent over the last eight quarters compared to Dufu. The profit margin had gone up 4% over the last four quarter meaning that it is sustainable. The current price weakness represent a good buy for those medium term investors.

Sorry I haven't got a chance to look at Dufu yet.

May be you are right or may be not. Being a CFO for listed company for a number of years my directors is never in a hurry to pay a dividend. Usually it is calculated based on a pay out ratio.

Base on my latest forecast assuming the slow growth in China the profit for the year 2016 is likely to be in the region $170m to $180m. This means earning per share will drop to 8c per share and dividend is likely to be in the region of 5c. At 5c a share distribution the yield is around 7% at current price of 71c which is reasonable given the risk of economic slow down. For the quarter ending 31 Dec 2015 my forecast profit is between $42m to $46m. Time will tell whether my forecast is correct.

could anyone give me the link to the latest result announcement? Just wondering why the margin surged in the last quarter!

worse to come if result margin does not match last quarter. It will become Ma po taufu

keep collecting below 70c. The big fish seems to be collecting this counter up to 72c in the last two weeks indicating the shares is flowing from weaker hand to stronger hand.

market boring. time to close up shop and go fishing

take profit

leave that to the organising broker.

Well I have fun with this counter today.

I am buying at 1.26. Hopefully I wont be joining them at Horlan

I wont be surprise that the head share will head up later.

head share now at1.27! WA shd now be zero but broker supporting it at 1c..interesting

Set a stop lose in future to limit your losses to no more than 10%. You must preserve your capital to survive

@i4 bad season won't last, good people do. Take it easy

Well, no more fun in GCB. move on to other tradable counter

There is still some hope that organising broker might support the share just above the exercise price before the expired date. Anything bw $1.35 to $1.45. Unless the latest result is good, the share price will fall like rock.

Rule No1. set a stop lose to make sure you never lose more than 10% of capital.
Rule no 2. Never average down.
Rule No 3. learn to take profit.

if the wa buyers are buying at 1.5c, they are saying that the head share is worth at least1.36

look at wa now 1.5c. It will affect the ord share price.

I hope some of you have taken the chance to get out this morning.

DJ futures looks bad. better stay out.

tomorrow will be an interesting day for this counter

I guess a lot less money is needed to support the warrant than pushing the head share up!!!

look like the broker trying to support warrant at 4.5c!!!

where did you get the information from. I could only see the CEO was buying in Dec 15. No announcement of Chairman selling!

always set a stop lose or else you will lose your trousers

If I am the CFO of GCB, I would have asked the broker to support the head share at 10% above the exercise price to ensure that the majority of them would pick them up. Having said that however, under the current market condition who got the money to exercise it!

If all warrants were exercise, GCB will raise $117.9m. I am sure GCB would love to have $117.9m in its bank accounts.