China Mobile Games+e.s. ADR sell Subdi
Start price
16.01.15
/
50%
€15.90
Target price
11.09.15
€0.99
Performance (%)
0.00%
End price
11.09.15
€19.54
Summary
This prediction ended on 11.09.15 with a price of €19.54. Subdi's SELL prediction for China Mobile Games+e.s. ADR closed completely unchanged. Subdi has 50% into this predictionPerformance without dividends (%)
| Name | 1w | 1m | 1y | 3y |
|---|---|---|---|---|
| China Mobile Games+e.s. ADR | - | - | - | - |
| iShares Core DAX® | 1.662% | 4.835% | 17.361% | 19.329% |
| iShares Nasdaq 100 | 0.667% | 0.000% | 38.234% | 55.157% |
| iShares Nikkei 225® | -2.139% | -4.786% | 13.099% | 7.393% |
| iShares S&P 500 | 0.564% | 0.775% | 29.181% | 46.527% |
Comments by Subdi for this prediction
In the thread China Mobile Games+e.s. ADR diskutieren
Fragwürdige Geschäftspraktiken ...
... hier geht es darum, dass die Firma wahrscheinlich ihre Umsätze hauptsächlich mit einer verdeckten Tochterfirma macht. Das gleiche "Geschäftsmodell" wie bei NQ-Mobile. "The Geo Team" hat hier eine unglaublich umfangreiche detektivische Arbeit geleistet, und in ihrem Artikel dokumentiert:
China Mobile Games: Who Is Really Being Played?
Jan. 15, 2015 1:30 PM ET | About: China Mobile Games & Entertainment Group Ltd (CMGE), Includes: NQ
Summary
- China Mobile Games is a mobile gaming company that we believe is engaging in questionable business practices and operating in a cloud of obfuscation.
- We believe CMGE could be overstating its revenues significantly through an improperly disclosed relationship with an entity called Zhongzheng.
- The relationship between CMGE and Zhongzheng is reminiscent of NQ Mobile’s relationship with Yidatong: an undisclosed related party of the business.
- We believe the SEC should open a formal investigation probing the company’s non-disclosed entities.
- We urge the company’s auditor, Ernst & Young, to investigate and we believe the risk of these undisclosed entities is not priced into the company’s stock. ...