focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
To be payed sooon! Last few days to get in, should see a nice uplift here way undervalued presently!
Just what I was thinking!
Need to be a holder on or before the 16th Oct, so last few days!
I like the sort of "scams" that pay me money. Sweet dividend last time. GLE
It is nothing more than the location of the company, which has spawned several fraudulant scammers Quanzhou City, Fujian province. This company I believe to be on the level, but time will tell! Can anyone get google earth/street veiw of the factory area??
When people call this stock a scam, how is it exactly shareholders are getting scammed?
Can I have extra pepperoni on mine!
Considering they listed over a year ago have production facilities and a strong order book with Branded products, maybe you could enlighten us as to the basis of your claim!
A definite Scam guys.
I suspect that accusations of any possible fraudulent behaviour, tend to put incoming investors off. As the company replaced (?) two directors it would seem to be lending credibility to any allegations of fraudulent activity. China outlook is also a little uncertain - but equally with the 'conversion' of soft currency and shareholdings into hard assets, Jiasen should pick up an enhanced set of order books. Or have I got this totally wrong. Most likely!
Stock seems very slow despite good growth reports and a sustantial order book.
s and distributors. This is expected to allow Jiasen to sustain and surpass compound annual growth in excess of 10% achieved over the past five years. The business is naturally high cash generative and, given management’s commitment for generous cash distribution, is expected to support an annual yield in excess of 6%. Beaufort Securities acts as corporate broker to Jiasen International Holdings plc
Jiasen International Holdings (JSI.L, 73.0p) – Speculative Buy Jiasen International Holdings, whose PRC operations focus on design, manufacture and wholesaler of wooden home furnishing and fittings yesterday announced the appointment of Beaufort Securities as the Group’s Joint Broker, with immediate effect. Cairn Financial Advisers LLP will continue to act as the nominated adviser. Jiasen (PRC) was established in 2001 and is based in Quanzhou City, Fujian province, located in south-eastern China. Jiasen was first quoted on AIM in July 2014. Its products are sold and marketed under the ‘Fuyou’ brand and produced in its 83,000 sq m factory in Nan’an City, Fujian province by its workforce of more than 1,400 employees. The company’s main products include doors, wall panels and assorted fixtures, such as fitted wardrobes, cupboards and skirting boards, as well as furniture which are sold principally to property development projects. Our view: The absolute scale of Jiasen’s long-term market opportunity takes some comprehending. From 2010 to 2025, for example, it is estimated by the Ministry of Housing and Urban-Rural Development that 300 million Chinese now living in rural areas will move into cities. The fast pace of urbanization will create giant opportunities; possibly matching the estimated 1 trillion yuan in annual investment across building water supply, waste treatment, heating and other public utilities in the cities during the period. Yet Jiasen’s industry, as one might expect remains both immature and highly regional. According to Euromonitor, for example, Jiasen PRC, ranked first in terms of manufacturer sales value for the year ended 31st December 2012 within the high-end solid wooden doors segment in China, with an estimated market share of 6.1%. The company’s main products include doors, wall panels and assorted fixtures, such as fitted wardrobes, cupboards and skirting boards, and furniture which are sold principally to property development projects, through branded ‘Fuyou’ retail stores and to export markets to retailers such as B&Q in the UK. The company’s products are sold in three main segments: residential and property development projects; wholesale; and export. In FY13, the Directors estimate the company sold in excess of 300,000 solid wooden doors, fixture items and furniture pieces and generated revenue of RMB 782.8m (circa £77.2m) and net profit after tax of RMB177.8m (circa £17.5m). The pace of Chinese urbanisation, together with an increasingly wealthy and product-aware customer, will ensure Jiasen meets high visibility and increasingly valued-added demand. It is also ideally positioned to expand through the ‘bolt-on’ acquisition of regional competitors and distributors. This is expected to allow Jiasen to sustain and surpass compound annual growth in excess of 10% achieved over the past five years. The business is nat
For more than two decades Cardew Group has worked with business leaders to communicate effectively with the media, the City, international markets, governments and other key stakeholders. Our ethos is clear – clients come first, integrity is everything and delivery is king. That’s why our client retention is among the best in the business
Thanks James
I've just got off the phone with Shan at Cardewgroup. Shan was very engaging and listened to the concerns I had over the shareprophets articles, and the mismatch between company net asset value and share price. She said that the directors at Jiasen are disheartened by the share price performance, and do have plans to tackle this issue; This include the appointment of the two new directors. I summed up saying that the company seems to be burying their head in the sand with the accusations, and that some transparency and some pro active efforts to reinforce the intergrity of the company would go along way. Shan has taken my comments and promised to pass them onto Curtis Riley, along with my number. I asked to receive feedback from Shan, and hopefully I get a call from Curtis. I'll keep you all updated.
Might take a wander round B&Q looking for Fuyou furniture and doors?
I'm receiving a call at 11am
It would be helpful if the BOD released a clear up statement. This has been trashed too long.
Please keep us posted James. I have sold out now at a loss but feel really gutted about this one
To anyone interested. I raised the query with Jiasen as to why they are taking a 'no comment' stance to shareprophets allegations of fraud. I also stated that they had some valid points, and clearing up issues, as well as an audit by a big firm such as PWC would bring the share price upto a fair value. Shan (Director) from Cardewgroup Is giving me a call later to discuss this. I'll revert back with my findings, for whatever they're worth!
Director buys
Observing closely
People will realise this is a very,very low SP.
broker beaufort securities "buy" rating just out..