Hi,
I was wondering if anyone else is looking into this stock. stockopedia shows it with a high value and high quality but low momentum.
I am just starting investing money in single shares and consider Feike AG. I was wondering if there are any options out there about this stock.
Any comments appreciated.
Thanks
Chinese foreign listed stock. Such companies that have listed on AIM have not had a happy history for investors.
Welcome to Stockopedia yellowsock,
Please don't be put off by someone giving your post a thumbs down. The community is generally really supportive.
As underscored has indicated not all that glitters is gold and stocks that are listed on foreign exchanges, e.g. a Chinese company on the Frankfurt exchange have a history of being dodgy.
Good luck with your investing.
Phi
Before investing I would like to know why Michael Schatzschneider resigned from the board of this company and JJ Auto AG. I would also note that Fake AG has a director in common with Camkids, an AIM company that has been discussed here recently.
With the exception of Hutchison China Meditech (where the clue is in Hutchison), I can't think of any successful UK listed Chinese companies - and can think of several outright frauds. Maybe it's different in Germany, but I doubt it.
For your first shares - if you're UK based, I'd suggest looking at UK domiciled & UK listed shares as a good place to start. Maybe FTSE250 rather than FTSE100?
I see the share price is down 62% today, so hopefully you did not buy any? With chinese companies some of the figures are unbelievable, so they may be highly ranked on Stockopedia. If you are just starting I would look at some medium size companies with a good track record. I don't know the European market.
I don't think it's so very different in Germany. http://www.businessinsider.com/shoe-company-ceo-coo-go-missing-2014-9?IR=T
wow so many responses .. thank you all !
Great answers and good points raised. I am not very experienced. So far I trusted numbers reported by the companies and focused more on understanding them.
I am quite surprised that there seems to be some widespread fraud going on with Chinese companies listed on foreign exchanges.
In another forum in which I asked the same question someone said that he put all Chinese shares traded in Germany in a watch-list. That was in 2013. All except one have since fallen by 2/3 or are not listed on the exchange anymore. So no difference here to the AIM or even worse.
Yes I am UK based so could easily invest in UK domiciled & UK listed FTSE companies - probably less surprises in this market segment than in small caps.
Time to look for another company ..
