Member Info for bumpylane

Thanks for those suggestions Rick43

I would like to email Cai Yonge, the Chaiman, and politely suggest that he puts some pressure on the non-executive directors of JQW to buy some shares. This might help build some confidence in the stock, even if the NED's buy only token amounts of stock. Does anyone have an email address for Cai Yonge?

It's good to read in last Friday's RNS that JQW are definitely involved in discussions with a new broker and that they may soon appoint one. It can't do any harm to have a broker actively trying to sell JQW stock to institutions. It's probably a hard sell right now, but some institutional investors would be better than none, which I think is the current position. Good to see volume a tad higher.

Definitely the most undervalued share I've come across since West China Cement in about 2010. That company transferred its listing to Hong Kong and rose many times. Despite the extreme under-valuation here at JQW it looks like a longish road back to a more sensible price, just because fund managers will be wary of buying into a stock with such minimal volume. It would be nice to get back to a first base around 20p and hold around that level. This is definitely possible if they pay a sensible dividend and we get to an end of the insider selling.

Poor old JQW! What else can they do to convince sceptical investors of their existence? There is the enormous website that can be browsed, in translation if necessary. Independent web monitoring sites like Alexa.com and others give very detailed analysis of the daily hits, visits, site dwell times etc. So doubting JQW's existence seems a bit wacky. it obviously exists! Re. corporate comms. There are trading updates twice a year, plus the interims and the finals. That's pretty standard. My gripe against the company is that the non-exec directors hold no shares at all, despite picking up large fees. That sends a really bad message to potential investors. It's a situation that needs to change. Also, they need t make the dividend policy much clearer. I'd like to see them committing to pay a percentage of profits in dividends - say 25%. That would be 2p a year would put a rocket under the SP.

Thanks for that. Very reassuring. V. impressive statistics, and coming from Alexa (which is a subsidiary of Amazon) they can be seen as independent verification of the company's existence and its success. If we could just overcome the market distrust of Chinese small companies on AIM, then JQW really has the potential to be a 10-bagger over the next few years.

Interesting to see that AIM-listed Chinese software developer Geong has risen over 90% today on news of a takeover. I don't know much about Geong or the buyer (called (Harafin, which owns a convertible loan to Geong, so all a bit complex). But this shows that investors with the nerve to buy these very undervalued Chinese small companies can be rewarded quite handsomely.

www.wolframalpha.com This is an interesting site that analyses web traffic. It also lets you compare rival sites, so you can compare JQW.com with competitor Chinese B2B sites like youboy.com. JQW visitor numbers are holding steady, but they are not rising. That seems to fit with the recent trading statement at the AGM, which suggested that revenue growth was flattening out. According to wolframalpha JQW.com is getting 9.7m hits a day, 2.6m visits a day and has a global site rank of 667. It would be great for JQW shareholders if some of these smaller Chinese B2B sites would consolidate and our chairman decided to accept a nice fat offer from a rival. But I guess things have to settle down a but in China before that happens.

All a bit frustrating here. Mcap is still one third of net cash, but volume has been very, very low for months. A confirmation of the divi, and of divi policy going forward, is critical to JQW recovering a bit of ground, IMO. We probably won't get that in the interim trading statement. More likely at the interims in September. Hopefully they will pay out 0.5p at the interims and maybe a bit more at the finals. So probably a 15% yield at the current SP. That might bring in a few buyers. The trading statement and forward guidance may be a bit more gloomy than we anticipate. Things are definitely quite tough in China, with many industries finding they have a lot of over-capacity. But that's not necessarily so bad for JQW, as all those millions of Chinese SME's will have to spend more money advertising their products on our website. And we might get an update on the new CFO, and maybe even hear something about the broker they were supposed to be appointing. Good luck to all fellow JQW-holders.