Member Info for Cliveas

Special dividend In addition, taking into account its planned capital expenditure and working capital requirements, and the strong cash generation of the Group, combined with its existing healthy cash balances the Board is recommending payment of a special dividend of 5.0 pence per share (approximately RMB 97.7 million in total) to be paid to shareholders. The interim dividend as well as the special dividend will be payable around 23 October 2014 to shareholders on the register at the close of business on Friday 26 September 2014. The shares will go ex-dividend on 24 September 2014. Outlook and Strategy The Board believes that JQW will continue to benefit from the rapid growth of the B2B e-commerce industry in China. The Group displays solid profitability and cash generation and the Board plans continued investment in the business to ensure its future development and sustained rate of growth. The management team remains focused on the implementation of the Group's strategy and on generating shareholder value. Conclusion Delivery of the growth has been outstanding and beaten expectations. With a maiden dividend declared an important hurdle has been climbed, and special dividend paid (5p). We look forward to regular updates on the core business, the new franchise business and longer term growth from the international B2B Ecommerce Platform. We continue with a Speculative Buy, especially at the current price. At a conservative historic 10x Pe ratio puts the valuation at 80p. From here and the track record could justify a significantly higher PE, even accounting for a ‘Chinese listing’ discount. Oh, and the company had circa £40m cash. Strengths and Weaknesses Strengths  Excellent growth  Maiden dividend  Potential growth contributors from franchise and international platform Weaknesses  Growth may be slower than anticipated  Franchise expansion plans may not meet expectations  International Platform may take longer to reap beneifits

Interims (9th September 2014) Highlights Special dividend 5p Interim 0.2p Pretax RMB 78m (RMB 52m, 0, 2013)= £8.3m EPS RMB 0.40=4p Assume (no EPS growth) in second half = 8p to end 2014 = PE 2.3x  Revenue increased by 91% to RMB 346 million (H1-2013: RMB 181 million), which benefited from shortterm packages signed before the end of 2013  Profit before tax and profit after tax rose by 48% to RMB 105 million (H1-2013: RMB 71 million) and to RMB 78 million (H1-2013: RMB 53 million) respectively  Strong cash position of RMB 425 million (H1-2013: RMB 177 million)  Diluted earnings per share increased 34% to RMB 0.39 per share  Net assets of RMB 303 million (H1-2013: RMB 99 million)  Active fee paying members increased by 33%year-on-year to 221,000 as at 30 June 2014  40 sales agencies at the end of July 2014, two being franchises (30 sales agencies at the end of 2013) The illustrative exchange rate as at 8 September 2014 is 1 GBP: 9.926 RMB. The Board believes that JQW continues to be well positioned in China's B2B e-commerce market. As at 29 August 2014, JQW.com remained in second place behind Alibaba in the Chinese B2B website traffic rankings, whilst being ahead of its competitors including Youboy, b2b.cn, baimao.com, and china.cn. In terms of traffic volume, JQW.com is 47% higher than Youboy, the third most visited B2B e-commerce platform in China. The Board believes that JQW continues to be well positioned in China's B2B e-commerce market. As at 29 August 2014, JQW.com remained in second place behind Alibaba in the Chinese B2B website traffic rankings, whilst being ahead of its competitors including Youboy, b2b.cn, baimao.com, and china.cn. In terms of traffic volume, JQW.com is 47% higher than Youboy, the third most visited B2B e-commerce platform in China. Launch of international B2B e-commerce platform During the period, JQW launched its English language B2B e-commerce platform www.jqwmall.com. The platform was established to enable certain of JQW's premier members and other new members, who are high quality local suppliers to consider expanding their sales internationally. As announced on 2 July 2014, it is the Group's intention at this early stage of development, to open this site only to members in industries where there is an international price competitive position and where there are lower barriers for exports. The Company is satisfied with the current response to JQW Mall from the market. The management believes the contribution will grow in the future and the international platform will become an important revenue stream for the Company. JQW is now actively recruiting relevant talent to help develop the international platform business and at the appropriate time will commence a full marketing programme to support its promotion.

JQW 13th January 2015 Speculative Buy Price: 17.25p-17.75p EPIC: JQW.L (FTSE AIM All Share) Sector: General Retailers Profitable, Growing, China-Based B2B e-commerce Platform and dividend paying. The Group operates a B2B e-commerce platform focussed on connecting Chinese buyers with Chinese sellers. The platform operates through the domain www.jqw.com. The Group specifically targets small and medium-sized domestic businesses providing Chinese SMEs with a range of services and an ability to connect and advertise their products to potential buyers through the Internet. Amongst the online facilities that its registered users can access are forums, blogs, linkage to instant messengers and enquiry messages, which enable discussion between registered users and improve communication to encourage trading. Registration to www.jqw.com is free and 90 per cent. of the membership packages purchased cost RMB 3,000 (approximately £300), or less, in order to attract as many registered users and feepaying members as possible to join the website. It also operates what the Directors' believe to be China's first dedicated B2B search engine, www.jqw.cn. The Group has grown rapidly and www.jqw.com is now one of the leading Chinese B2B e-commerce platforms. It has over 10 million registered users, more than 810,000 online shops and the website attracts 5 million page views per day. Out of the 10 million registered users, approximately 227,000 (30 6 2013, 166,000) are fee paying members of the Group's Sheng-Yi-Tong membership scheme that offers a range of web-based services at varying levels of cost.  Rated in the top 700 websites for global website traffic rankings  Sales agencies (two franchises)  Second (behind Alibaba) in Chinese B2B website traffic rankings

All I need to know is if the cash is for real! 5p+ paid in dividends confirms it to me. Market will wake up to this very very soon imho! GL.

Piling in at 21.5! Getting in ready for Mondays fireworks I hope! 40p plus anyone? LOL

Now over 1.1m 21p paid 30p plus conservative

Today but just wait for Monday when everyone in the city is back at work. Mcap 38m Cash 40mplus and growing Special divi of 5p already paid No brainer imho! 20.5 paid

Ask now at 20p This company is a cash making machine and they pay it to shareholders!!!! Ramps over for now lol!

19.25 paid on the radar at last and still way too cheap imho

Can we use it yet? Or at least double pop!

About to pop!? Bid up to 18 now and 18.5 paid!

Has picked up here so any sellers shares if any will be quickly taken up by the market. Bid up to 17.25 with buys filling up at 17.9. I expect this to be over 30p before expected update end of Jan/feb in anticipation of increase in cash balance and more importantly what they are going to do with it!!!! GL. ATB.

Obviously you cannot read as I mentioned the sellers (plural I believe) but sellers eventually run out of shares. Stating cash higher than market cap and growing is a fact as is the special dividend already paid! If that is ramping I will carry on thank you very much. Cheer up it's New Year Eve! Have a good one!

17p paid and still cheap! £40 m in cash and balance growing 5p special dividend already paid with more expected end of Jan. Only down here after original IPO investors have sold out to raise cash and now may have finished. Still cheap at 30p so a long way to go GL

So the disposals are now slowly getting sorted and hopefully will create more liquidity in the shares to create a more fluid market for the MM kers. Will review holdings after the holidays. Merry Xmas and a 30p+ New Year!

Holdings in Company Further to the announcement on 19 December 2014, JQW plc, a domestic Chinese B2B e-commerce operator, has been informed that Midasi Investment Limited ("Midasi") has acquired 175,000 JQW shares and now holds 5,468,300 shares in JQW representing 2.8% of JQW's issued share capital. Midasi has therefore bought back all the shares it had previously sold as it agreed to do and is now no longer in breach of its Orderly Market Agreement. In addition, the Company has been informed that One Capital Group Investment Limited has sold 1.4 million shares in JQW with the consent of Cairn and Argento, and now holds 952,134 shares in JQW representing 0.5% of JQW's issued share capital

Creeping up. Seller gone and bottom reached?

So still fully supported by parent company The directors of TPS (the "Directors") have reviewed the sales pipeline and the Company enters the new financial year with optimism. Accordingly, the extension to the Existing Debt has been sought in order to support the Company's increased forecast working capital requirements in meeting increasing customer demand. Furthermore, the Directors intend to increase relevant research and development activities in the new year in a disciplined fashion, consistent with the Board's strategy of maintaining a considered approach to costs. Sounds like there is quite a lot in the pipeline and upping the R&D budget all bodes well! Expect further news re contracts in New Year and profitable in 4th qtr! GL & ATB

Profitable at circa $30 a barrel and production in Q1 2015!!!!

Otakikpo Marginal Field Project Update Lekoil (AIM: LEK), the oil and gas exploration and development company with a focus on Nigeria and West Africa, provides an update on its progress on the Otakikpo Marginal Field ("Otakikpo") in oil mining lease (OML) 11, offshore Nigeria, adjacent to shoreline in the eastern part of the Niger Delta. Lekoil, the Technical and Financial Partner in the Otakikpo project (Lekoil: 40 per cent. participating and economic interest) and its partner Green Energy, have secured approvals for the well re-entry plan. The Company has also commenced a phased re-entry plan, fully funded with cash on hand, to reach production. Earlier in the year, the Company had announced that it expected to begin production in the second half of 2015. Based on the updated phased approach, we are pleased to announce that production is now expected in the first half of 2015, six months ahead of the previous schedule. Under the terms of the acquisition of the interest in Otakikpo, Lekoil will fund costs to first oil and be entitled to recover this expenditure preferentially. Based on our internal analysis and assumptions, which incorporate the AGR Tracs CPR data, the Company will breakeven at an oil price of less than $30 per bbl (life of field basis) with the lifetime unit costs being in the mid to low double digits. This analysis does not include the potentially positive impact of the Pioneer Tax status which is currently being applied for. The indicative costs to first oil are substantially lower than expected due to more favourable service costs in the tenders received so far. Contracting has commenced for the rig, well services and production facilities construction. Rig mobilisation is initially expected within the first quarter of 2015 at the same time as construction and the subsequent commissioning of production facilities. Progress is being made on discussions with lenders to provide debt financing to be used as funding for an accelerated work programme and we expect these discussions to be concluded in the first quarter of 2015. The accelerated work programme may be the optimal route to production if the Company secures Pioneer Tax status. In September 2014, the Company announced a significant upgrade to 2C oil reserves estimates for Lekoil Nigeria's 40 per cent. participating interest and economic interest in Otakikpo. Lekoil holds 90 per cent. of the economic interests in Lekoil Nigeria. AGR TRACS International Ltd ("AGR TRACS") carried out a comprehensive review of the surface and subsurface data provided by Lekoil. Following the review, AGR TRACS reported that the gross unrisked 2C Contingent Resources for Otakikpo were estimated to be 56.75 mmbbl. This compares to the 36 mmbbl of gross oil resources in the most recent 2C resource estimates available at the time of the Company's acquisition of the interest in Otakikpo in May 2014. In addition, Stock Tank Oil Initially In Pla