RE: I tend to agree...6 Jul 2015 19:02
Dommo.
So far as I could discover from all material available in English, the founders of this business seem to be very streetwise because not only do they manage their shares via offshore companies in the BVA, but also have managed to skewer their local partners to the wall by blocking the sales of any of their shares until the end of this year, except with express permission of the company.
To my closed way of thinking, for any of these major shareholders to make any real money over their original investment, the share price needs to climb very seriously, and IMO, that might suggest that steps will be taken to get the business in the best shape possible so as to attract serious share prices before the end of the year.
Regarding the resignation of the finance chappy, the RNS does also say that he is going to work his notice out; presumably that would include the preparation of the interim figures up to the end of June 2015 for release in August, if last year is anything to go by.
His bio detail on the website seems to indicate that he has only been with this company for two years and if as suggested in earlier posts, he is going to work for another one of the founder's company's then his knowledge and expertise may still be available.
We could bore each other silly about how they have licensed the software from one company to another for another nice, not so little, regular earner, but whatever the mechanics of their licensing arrangements, so long as JNQ.L stays with the curve for this type of business in China, then one would expect the company to grow without any further dilution. IMPO.