Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I can't find any reference to market expectations, not even on IC. For what its worth I expect sales to be double those of the comparative period. Difficult to forecast profit but it should be at least 30% of sales.
JQW plc (AIM:JQW), a domestic Chinese B2B e-commerce operator, announces that at its Annual General Meeting held earlier today in London, all resolutions put to shareholders were duly passed. Following a positive start to 2014, the Board is confident that the Group is trading ahead of current market expectations for this financial year. The management team remains focused on the implementation of the Group's strategy and remains positive for the continued future growth of JQW. The Group will issue a more detailed interim trading update to the market in early August 2014. Following approval by shareholders at the AGM of the final dividend of 0.5 pence per share for the financial year ended 31 December 2013, the dividend timetable is set out below: 2 July 2014 Ordinary Shares quoted ex dividend 4 July 2014 Record date for dividend 14 July 2014 Dividend payment date Cai Yongde, Chairman of JQW, said: "We are extremely pleased with the progress that the Group has made in the current financial year and we are confident that both revenues and profit after tax will be ahead of market expectations. "JQW joined AIM to enable the Group to further its international ambitions and shortly will make an announcement in relation to the launch of the Group's English language e-commerce platform. The Board of JQW is keen to continue to demonstrate the underlying strengths of the business to the AIM market for many years to come."
Is this the cheapest growth stock on AIM? People might be looking back in a year from now with disbelief they we could get it this cheap.
If you look back at the 5 year share chart you will see that every time they go below 1300 they go above 1600 within 6 months. On top of that they make a lot more profit than they did 5years ago. Currently the markets they operate in are out of favour but that will change as all the long term growth forecasts are for Asia and Africa to do very well.
Yeah interesting situation with Jeff Chatfield the Executive Chairman of both companies. I think we are looking at your option 2. I can't see why AVAP created this sub is the first place but it can't make much sense now. Combining the 2 would get rid of costs if nothing else. If AVAP get 75% of CLA they can delist it which would make the other 25% effectively worthless. However, Vidacos Nominees a sub of Citibank has 23.64% so I think this is unlikely. It'll be interesting to see how it gets resolved.
Would make sense if they had some large buy orders to fill for an II.
Yes good set of results, turnover higher than I expected. I wonder if the profit forecast is a bit conservative. But if they can keep growing profits by 25% a year this share represents excellent value. I estimate a PE of 8 on current year and a PEG of 0.29.
Bankster, have been looking at CAMK for a while so thanks for drawing my attention to this article. I particularly like the Chairmen reinvesting his dividend and so took the opportunity to jump in. Nice to see NBU up today.
I just put in £4k today. I must admit I find these unloved Chinese companies very attractive (also in NBU and JQW). Looks like I don't have to wait long for my first divi on this one.
Some large buys going through yesterday and today. Price should start going north again soon.
I think this is just a bit of profit taking after coming off 580. I think it'll start going back up again soon.
Just invested here this morning. Great time to buy a share suffering from the current dislike of Chinese companies.
Looks like you were right. I think this will continue to claw back recent lost ground. It's not mega cheap but for a company of this quality it is a great investment.
ELJ I think you are partly right but partly wrong in your analysis. There are circa 190 mil shares in issue. The 100 mil is the average number of shares in issue last year but since they they have floated and acquired other businesses for shares this has increased by 90mil. This is anything to do with the non controlling interests. The Dividend is just for XLM equity holders. I.e. 5.25m which will be shared equally between those shares I.e. 2.768 cents or 1.65p each, a yield of 3% on current SP. The payment to non controlling interests are not paid out of this. These non controlling interest are minority shareholders in companies owned and controlled by XLM not XLM itself. This is the normal way of accounting for business combinations. This is not to say these payments to non controlling interests should be ignored as they are real and part of the picture. The key numbers are the profit after everything attributable to us is $8.8m and the dividend is $5.25m. Happy to clarify further if I've lost anyone.
Rob, thanks for post. I understand where you are coming from but suggest we move this discussion to the "under the radar" BB which is in General Chat, so we don't annoy people looking for chat on telit. I will respond to your post there this evening so you can find it. Oli
Rob, looks like your timing was excellent and a few others followed your lead. I will have a look CRV,. Many thanks.
Hi Rob, I'm not invested in any of those companies but will take a look. I've got quite a few shares as I never put more than 5% of my cash in any one company. I find this really helps the blood pressure especially if something tanks which happens to us all at some stage. One company I have invested in recently which gets even less attention than telit is JQW which floated recently. It's a Chinese B2B online market place. Have a look at their BB board for details or better still download their Admission Document for some proper research. I also like GBO which I think is doing a lot of good things. Looking forward to the next RNS from TCM.