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Waiting for Naibu

By Lucian Miers | Friday 25 April 2014


Disclosure: The author has a short position in one or more of the shares mentioned. 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.


As investors await the preliminary results of Naibu (NBU), the remarkable  Chinese sports shoe manufacturer, about which I have written before, they should steel themselves to be extra cynical.  While it is doubtlessly true that there are some decent Chinese companies listed overseas, the idea that the dodgy ones are just a few bad apples is, in my opinion, dangerous. On AIM in particular, it is the decent ones that are in the minority.



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