Member Info for hubster1

Not out to disagree....just make some comparisons based on relative measures......In reality the traffic will be somewhere in the middle. JQW have talked of youboy on a few occasions; Notably, in 2014, they said 'In terms of traffic volume, JQW.com is 47% higher than Youboy'. Based on either Alexa or Similarweb that position is now very strongly reversed. So it remains to be seen as to whether Youboy and the army of other b2b operators have capitalised on the downtime by marketing to JQW's customer base.

Similarweb has its HQ in the UK, whereas Alexa is US based; You can find quite a few comparisons of their accuracy, one example being : SimilarWeb – Spearman’s Correlation w/ Actual Traffic: 0.839 •Standard Error: 0.0435 Alexa – Spearman’s Correlation w/ Actual Traffic: 0.702 •Standard Error: 0.0607 SimilarWeb is slightly better, and reportedly has the edge. It has extensive stats for Chinese based sites e.g. http://www.similarweb.com/website/alibaba.com http://www.alexa.com/siteinfo/alibaba.com You can see that Alibaba (once quoted by JQW in their comparison literature) has comparatively similar stats on both sites. Perhaps a better comparison to JQW would be that of 'JD.com' which is the most successful b2b site in China this year (in the domestic market) http://www.similarweb.com/website/jd.com http://www.alexa.com/siteinfo/jd.com It's odd that only Alexa still seems to present JQW in a favourable light. In fact, I'm concerned that the Alexa stats haven't fallen off more during the off line period - surely that brings into question the basis on which they are calculated? I appreciate it'll be a rolling average, but it's clearly not giving any representation of current activity.

I'm seeing a net movement of less than £5K for the last 4 trades...... Looks like position adjustments, but nothing more?

Their website traffic is an interesting one. Alexa does indeed continue to rate them highly; SimilarWeb, which is equally reputable, paints a very different picture : http://www.similarweb.com/website/jqw.com

I've had all the same thoughts, but share trading is profit led. Everyone knows someone who knows someone, and news of undervaluation spreads like wildfire. Even if the Chairman's family / associates were so way inclined there would be talk amongst people they knew - and they would not turn away from a profit. The price at which original investors bought in is immaterial; They sold out along the way at prices higher than this - if they saw an opportunity with this company now they would leverage to take the opportunity.

They may not sell out, but I've not yet answered the question in my mind as to why none of them have increased their holding. No one closely aligned to the company has made any share purchases since the flotation, only sales; You would imagine that at current prices there would have been significant buy back action. They could quite legally have made an offer for the company below the claimed cash value, and nobody could have stopped the motion being carried. The largest purchases we've seen have been c. £6K which are clearly small investors, and the majority sub £1K i.e. we're simply not seeing any professional investors getting involved even at these prices.

80% is held by the remaining original investors; Their lock in period expires in just over a month, which will be the interesting milestone. The other founding investors sold out, in many cases breaking their lock in arrangements.

Yes, hopefully that is the case as you say. Either way it looks as though past experiences have at last prompted the market to take action on Chinese regulation : http://www.ft.com/cms/s/0/0eee474a-6e8f-11e5-aca9-d87542bf8673.html#axzz3oEm20uUl

I must confess that I was a little concerned when Camkids was delisted last week, primarily because of 'Jacques-Franck Dossin's' involvement there - one of 2 JQW UK non execs.

Personally I had a reasonable level of faith that a turnaround was possible before the site was suspended. Had the site not been suspended then a dividend was on the cards, providing some much needed evidence of cash in the bank. The company has also been promising the appointment of a new Nomad for many months, and the delay of that promise has been disappointing. Appointing a 25 year old with a 'lower second' (2:2) accounting degree as their chief financier was probably not their smartest move, but he remains to be proven and has to be given a chance. We are now in the situation where the Alexa ranking is getting worse by the day, as of course it will when their site is down - it is now outside of the top 100 Chinese sites, when being in the top 50 was a key flotation driver. With the looming lock in expiry for 80% of the stock holding and possible legal action for site infringements, the risk level just seems to be too high currently.

Re: "the founders will not sell at this price thats for sure.multiples of this maybe.get real" Bear in mind the founders hold 80% of stock and have not sold as yet; The downward pressure on the share price has been extreme even with very low volume. I agree they wouldn't be keen to sell the company at this price; However, it would require a very small % sell of their total holding to further collapse the price and remove the small minority of remaining private shareholders. That's if you take the view that they may in the long term look to take the company private - which they could then do at a rock bottom price. Without any other majority shareholders, votes for extraordinary actions are guaranteed.

Reposting this as hinkais seems intent on spamming this board, such that anything factual is hidden : I'd like to see this company do well, as I've been an on / off investor for some time.........However, the main issue with share price recovery (apart from the obvious cease trading) is the share ownership. The vast majority of the company is still owned by the founders, who I believe (unlike the other original investors who exited earlier this year) can sell from December this year. This is from the JQW site : The following companies are now subject to the Lock in Agreements that restrict them from selling shares without the written consent of Cairn and Argento for a period of one year from 9 December 2014: Holder Current Holding % Tian Sheng Enterprises Limited1 80,150,400 41.4% Champ Public Limited2 29,182,400 15.1% Fortune United Capital Limited 23,680,800 12.2% Cheng Tong International Limited1 12,751,200 6.6% Dong Feng Developments Limited3 7,286,400 3.8% This tells me that in just over 2 months there is around 80% of the share holding which could be sold without notice; and that is only just over a month after the earliest date the suspension could be lifted. Interesting times.

I'd like to see this company do well, as I've been an on / off investor for some time.........However, the main issue with share price recovery (apart from the obvious cease trading) is the share ownership. The vast majority of the company is still owned by the founders, who I believe (unlike the other original investors who exited earlier this year) can sell from December this year. This is from the JQW site : The following companies are now subject to the Lock in Agreements that restrict them from selling shares without the written consent of Cairn and Argento for a period of one year from 9 December 2014: Holder Current Holding % Tian Sheng Enterprises Limited1 80,150,400 41.4% Champ Public Limited2 29,182,400 15.1% Fortune United Capital Limited 23,680,800 12.2% Cheng Tong International Limited1 12,751,200 6.6% Dong Feng Developments Limited3 7,286,400 3.8% This tells me that in just over 2 months there is around 80% of the share holding which could be sold without notice; and that is only just over a month after the earliest date the suspension could be lifted. Interesting times.

Kooi is joining another of Yongde Cai's (JQW chairman) projects, so he is most definitely not running off with anyone's money.

All advisor (including audit) information is very clearly posted on the investor website : http://www.jqw-ir.com/content/investor/advisers.asp Interested to hear where you collected your site stats - can you please share that, as they've been < 100 (in China) on Alexa for months (and never slipped from that position). They're c. 550 globally which is pretty incredible for their current value.

Have you actually engaged with the directors of JQW? I get the impression you are just posting 'Strong Sell' messages with nothing behind them. Fair dues if you have done so, but if you have then please share the outcome........because all I've heard is negativity and no fact.

Re: the non exec I spoke to you'll note he has a number of directorships and holds no material share holding in any of them. This is very common amongst non execs, who are supposed to remain independent and not make decisions for short term personal profit (which is a natural response to share holding). However, I would definitely recommend you communicate with the directors of the company in person rather than accepting anyone else's word for it - responding to share holder communication is part of their responsibility and I always make a point of taking advantage of that fact. I've yet to find one who hasn't responded.

If you truly believe that then post the evidence here. Making comments such as 'put that in your pipe and smoke it is not particularly helpful. Posting defamatory statements on bulletin boards, without the evidence, is a legal minefield,

I meant to say on an earlier post, that it is very easy to become disheartened when researching JQW on US search engines like Google etc. If you want to get a real idea of their presence then search for them on baidu.com. Baidu handles 55% of desktop search traffic in China and 80% of their mobile search traffic, so you'll get a much better feel for JQW's web presence........you'll be able to see the array of products people are advertising using JQW's site.

I am invested. I decided not to invest at the IPO, primarily because it seemed somewhat disorganized and I couldn't get a real feel for the offering..........but have been watching the stock ever since. I first bought in at 15p and again on Friday at just over 6p..........so I appreciate that is a more comfortable position than many. However, not being financially involved in a year long rollercoaster makes it easier to detach emotion. Obviously please do your own research, and maybe speak to the UK directors before investing......but I personally do not believe this to be a fraud. It's a shame that Chinese companies get universally tarred with the same brush. There are plenty of fraudulent companies in the UK, but the bad will seems to remain confined. I'd be looking tor a correction to the 30p mark within 6 months. but I intend to hold for at least a couple of years. This is one of the risk stocks in my portfolio, so it's balanced by the usual FTSE stalwarts. Re: Cairn, there's no statement for them to make.........JQW have to issue any news flow. Cairn's job is to help generate a market, but they seem pretty poor at doing so.