Member Info for rick43

From chairman's statement 30th April "Since JQW was admitted to the AIM market of the London Stock Exchange at the end of 2013, the Group has transformed itself from a local market oriented internet platform to an international B2B internet enterprise. JQW's reputation has been enhanced in China and internationally with the public profile gained from joining AIM. JQW plans to explore the new opportunities for future development that arise from its status as a public company on a recognised international stock market."

http://www.gamblinginsider.com/news/1254/california-online-poker-bill-passes-through-committee

From another bb - The stake that NSCI has in PDS is 14.85% of PDS's share capital. NSCI also have warrants to buy more PDS shares. The warrants were valued at £100k in the EoY NSCI accounts.

of PDSBiotech is owned by NSCI? I see that PDSBiotech is just one of about a dozen of NCSI's portfolio companies. A complete newbie here so keen to be given the overall pic.

There was even less selling without permission than I had remembered. There were/are 4 OMPs. They were locked in until 9th December 2014 after which date they had agreed to ask permission to sell. One - Midasi - sold about 300k shares before that date but had bought them all back by 24th Dec. Another - Hansen Drison had sought consent prior to the disposal of about 2 million shares - which were sold on 12th Dec - however the sale was put through in error before consent had been sought from Argento. There are no other reports of OMP selling without permission. To put the volumes into context - the OMPs held about 31 million shares immediately after admission (out of a total of 194 million shares). From my records, it looks as if there were two main sellers through the 70ps to 40ps. They at one time held 3-4%. One bought in at the IPO (70p) and was not locked in in any way, the other after the IPO. Neither appear in the latest records either on the company website or on http://markets.ft.com/research/Markets/Tearsheets/Business-profile?s=JQW:LSE

JD - your comment about OMPs selling without the company's permission give entirely the wrong impression as a check through the relevant RNSs will soon reveal. I will provide full details if anyone requires them.

5p special plus 0.5p ordinary divis were ample for 2014 - no need to add a final divi of another 0.5p. Total divi for 2014 was about 10% as sp was around 50p when the 5p special was announced. Maybe that was announced to try IMO to stop the sp dropping. It did not have that effect because JQW was unfortunate enough to be Chinese and on AIM and its shares were being sold by Pershing Nominees who came in at the IPO. Sentiment for Chinese companies on AIM was and is poor. That does not mean JQW is publishing fraudulent accounts. None of the derampers have been able to come up with any hard evidence for their deramping assertions. Only time will tell. A year or two is needed to restore confidence. Fortunately the OMPs should be out by now. Current PE about 1.5. Mcap about £24million. Cash at end of 2104 about £40 million.

..and from Friday's RNS "JQW's reputation has been enhanced in China and internationally with the public profile gained from joining AIM. JQW plans to explore the new opportunities for future development that arise from its status as a public company on a recognised international stock market."

franca - have just checked with my spreadsheet of holders - after admission, about 95% of the shares were locked - about 16% of those were held by the OMPs. OMPs have been selling - see 19th Dec 2014 RNS and more recent holdings RNSs. If the 4 OMPs have all sold all of their shares - which some would say (those who have been keeping a keen eye on the larger repetitive sells) could well be the case - then the free float ( i.e. non-locked in shares) is about 21%. It is of course quite correct to say "there is potential of management taking this company private or moving the listing to another exchange " but in my view - see my last post - this is not the company's intention in the short/medium term.

In brief franca no chance of reprivatizing - see their trading update RNS - committed to AIM - see their IPO statement - reasons for listing on AIM. Your 10% in public hands is very out of date with all those OMPs selling - will give you details on that when I have a moment - the details are on my holdings spreadsheet. Also they are looking for another broker to introduce JQW to Institutional Investors - see last RNS.

More amateur deramping attempts I see. Not to have a final dividend is possibly quite a clever move - helps keep share price down so that it will be easier for a new broker to entice long term investing institutions rather than have the shares in the hands of fly by night short term traders! 5.5p or thereabouts was ample dividend for 2014

22 million rise maybe but MCAP has still not yet reached even the cash held by JQW. The smart money has just been sitting on the sidelines until it looked as if the OMPs had stopped selling at that silly level of around 10p! PE still less than 2! Finals on Thursday.

About time you stopped taking any notice of the sells/buys as supposedly revealed by the incompetent software!

see http://markets.investorschronicle.co.uk/research/Markets/Companies/Summary?s=JQW:LSE for some stats including no of shares in issue - 193.55 million

Finals on 30th April - The Group will be announcing its 2014 Final Results on Thursday, 30 April 2015. An analyst briefing given by Peter Chen (Chief Executive Officer) and Wei Boon Kooi (Chief Financial Officer), will be held at 9.30 a.m. at the offices of Abchurch Communications, 125 Old Broad Street, London, EC2N 1AR. From the pre-close trading update - "The Board confirms that revenues for the period were ahead of market expectations, with unaudited management accounts showing revenues reaching approximately RMB 784 million (2013: RMB 490 million). Profits for the period were in line with expectations and profit before tax for the period has increased to around RMB 212 million (2013: RMB 170 million) (exchange rate: RMB 9.6 : £1)."

Magic Monty - what is your wife's opinion of the www.jqw.com website? Description of the Business 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 improves communication to encourage trading.

JQW's auditors are Crowe Clark Whitehill see https://www.crowehorwath.net/uk/ also see page 18 of http://www.jqw-ir.com/archive/reports/Annual_Report_2013.pdf Crowe Clark Whitehill is a leading national audit, tax and advisory firm. The 'Key Facts and Trends in Accountancy Profession' report from the Financial Reporting Council published in June 2014 shows Crowe Clark Whitehill as the 9th largest audit firm in the UK.

Looking at the 2 year chart, GEM does not look overbought - partly because it had been trading sideways for about 10 months until the recent share price action which has been in response to various pieces of very encouraging news. Current PE reasonable for a rapidly growing company imo.

Good to know sp has, over the past few days, broken out of its 10 month sideways trading range 45p/54p - lots of good reasons for that as we all know, including that significant increase in carats mined and the Faberge success - see last RNS - not to mention the increase in value of coloured gemstones across the market - even in recent "well over upper estimate" Bonhams results for jewellery incorporating coloured gemstones. Cactusman - many thanks for the heads up on the riz1234uk quarrel elsewhere. Auction results soon.

http://www.telegraph.co.uk/finance/markets/questor/11536471/Questor-share-tip-Gemfields-upgraded-to-a-buy.html