Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
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Yes not long now. If you look at previous RNS it tells us they are expanding, opening more outlets. So hopefully adding more turnover and more profit
If this trading update is as we anticipate and the dividend rate looks set to continue then i agree with that 40p target. I would also presume that Derrick Woolf knows a little more about the company than TW.
kingston78 15 Sep'15 - 14:07 - 10 of 11 Second wave is moving upwards. 1st Target 20p on announcement of result and dividend. 2nd target 30p and 3rd target 40p before 31/12/2015. Dicko80 15 Sep'15 - 20:53 - 11 of 11 That would be nice Kingston @ these levels you not only have potential big upside but also dividends of c50%
Unfortunately that would be Inside information but the interims will be out before the end of the month.
Any mention of when they expect to release this trading update?
I have spoken with IR and they have confirmed trading is in line with market expectations as per the 3rd June RNS. http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/12375032.html Commenting on the results, Weigang Chen, Chairman said: "The business is trading in line with expectations, supported by a strong order book, and demand for semi-furnished apartments which is a relatively new concept in China continues unabated, driven by home owners desiring higher quality fixtures and fittings and convenience. We remain confident of the future and our major shareholders remain supportive of the business."
80% are held with investors, so 20% is available to joe public With only 120m shares in issue doesn't leave a lot available
ok-so who owned the other 18 % on float ? Any idea.
20% free float = 24 million shares The 2million you refer to are the number of shares they issued on the first day on AIM. 2.846million shares @ 82p to raise £2.33m
How many shares are in free float for this company I read somewhere that they only listed about 2 million ?
For those that can't open the link, do the following... Google "jiasen international" Click on the "news tab" next to the web tab First page half way down "conviviality must not forget..." Click on this FT will ask you to answer a question... Click on "prefer not to answer" Article then loads...
Thanks for that Dicko. Please can you post the link with Derek Wolf's comments please?
Almost exactly a year ago, JSI, maker of doors in Fujian province, became the 50th China-based company to float on Aim. Then, it was valued at £100m. It is now worth £8m. This month, for the second time since it became a UK public company, it said it knew not why its shares had fallen so far. It is unfair, says Derrick Woolf, a non-Chinese speaker who is the company’s only non-executive and only UK-based director. He points out that Jiasen is profitable, has about Rmb300m ($48m) in cash, is paying a dividend and has founding shareholders in China who own 80 per cent of the shares and were locked in for a year when Jiasen listed. He reckons Jiasen has been unjustifiably tainted by the travails of other Chinese companies on Aim. Last month, shares in shoemaker Naibu Global were delisted after its UK-based directors lost contact with China-based executives. Sorbic International, a food additive business in Shandong that lost control of its cash and corporate seals, and then its nominated adviser, has until July 16 to appoint a new nomad. If it cannot, its shares will also be cancelled. Mr Woolf points out that Jiasen made an unusual pact with Aim’s regulator, promising outside investors they can sell shares at the float price of 82p if the company delists within two years of flotation.
Hope people have taken a position :-)
Soon this share will be treated like gold dust.... Can't wait for the interim figures. Not many in circulation and the remainder have been traded down by scaremongering.
Derrick Woolf, a non-executive director of Jiasen, a Quanzhou furniture firm that listed on London's Alternative Investment Market in June last year, said he believes more Chinese companies will seek listings overseas, because international stock exchanges' stringent corporate governance regulations would boost their brand value. And that will help the Chinese firms do business in their domestic markets, as well as help them strike partnership deals with overseas companies, Woolf said. Jiasen, which raised 2 million pounds through its AIM IPO, has since entered discussions with Western companies over possible partnerships in China, Woof added. The overseas listing allowed Jiasen to purchase a piece of land in China from the local government at discounted price, and use it to set up a new factory. This is because Jiasen's London listing has helped give credibility to the firm. Another benefit of listing in a market like AIM is stability of valuation, because such a market is generally driven by institutional investors who hold their investment for the long term. This is very different from China's domestic stock markets, which are dominated by retail investors who make decisions less rationally and tend to make more trades on a short-term basis, with their decisions greatly influenced by market sentiment as opposed to company fundamentals. "From the perspective of a quality company, as they steadily grow and they meet investor expectations, their share price should rise steadily as more investors buy into their stocks over the long term," Woolf said. hxxp://europe.chinadaily.com.cn/business/2015-08/10/content_21541697_2.htm
Looking forward to it. Just as a quick show of hands can those who have a holding post to say that they are in. Interested to see how many PI's are like minded. thx.
What are people expecting subject to continued trading as per the last update? 0.75p interim? The devaluation of the yuan should help wage costs but they would have forward sold in $s for at least exports... That should help, shouldn't it? Please correct me if I'm wrong.
I would expect we are due an announcement early next week that the update will be in a week or so. We know it's going to be down year on year as they cut the margin and the market in china was pretty gloomy until last week. However sub at 10p (or sub 20/30p for that matter), profitability and any glimmer of hope should filter through to a decent return at these levels. That said, I thought the valuation was ludicrous when it hit 20p.... So fingers crossed! Crazy, how the comments from a single journalist can desecrate a valuation of a company that seems to have done nothing but exactly what 'it says on the bottle'.
Interims are due tomorrow - Could be fireworks here especially if trading is profitable and a positive outlook is confirmed. China has cut interest rates and also looks like short term turmoil in the markets are over. If the divi is maintained then that would be a real bonus !!!
Very jealous of all you people who bought below 10p!
Could be....