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JSJS Jsjs Designs

0.825
0.00 (0.00%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Jsjs Designs LSE:JSJS London Ordinary Share GB00B3FHW443 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.825 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.825 GBX

Jsjs Designs (JSJS) Latest News

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Jsjs Designs (JSJS) Discussions and Chat

Jsjs Designs (JSJS) Most Recent Trades

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Jsjs Designs (JSJS) Top Chat Posts

Top Posts
Posted at 12/3/2014 10:10 by buggy
Unless M Lord or other directors comes into the market to start mopping up all the free shares then this will continue to slide. Not every PI wants to be locked into an illiquid stock.

Then again if they are in the knowledge of any sensitive information, ongoing negotiation with distributors or anything, then they are not allowed to buy shares.

While I will stick with these long term, this management don't half know how to shoot themselves on the foot. Did they not really assess the impact this will have on the share price, misread the size of the impact or they knew but were willing to chance it? Sometimes they only open their mouth to put their foot in it. They inevitably utter something that would be used as a rod for their own back. [ Providing miss-judged delivery timelines, consolidation to a few Mill shares to improve liquidity etc ]

Already we have dropped over 20% of value since this announcement and still dropping! If this continues then we may even lose 50% of value just by one ill-thought strategy decision.

The sad thing was that the share price actually went up after the results due to very good forward outlook statements in the results. Come 12pm they then announced their intention for a drastic consolidation and the shares price went into free fall.
Posted at 12/3/2014 08:27 by buggy
The strategy becomes clearer once people remember that Mike Lord has a company to run and that company is Drol investment. He is managing JSJS Design as a means of looking after their investments in the JSJS designs. [Mike's involvement with JSJS design is only because Drol are invested here. Once Drol sells up then Mike will move on to possibly manage other companies in which Drol are invested, where they think that the company could benefit by the management expertise provided by Drol]

Drol investments are venture capitalists and they will need to exits their investments at some stage.

What Drol invested in JSJS design is only a small fraction of their whole investment portfolio and Mike's key priority is to protect and safeguard the investment made by Drol into JSS design.

In a lot of ways PI interest and Drol interest are aligned: they both want the share price to go up. Where they differ is in exit strategy, PI wants liquidity to sell into the market. With the size their holding, over 70 million shares, Drol needs a trade sale as they can't very well sell 70million shares into the market.

All in all I will stay invested as I feel I can afford to park my investment here until the end game. Share price must go up for Drol to exit.. whether this year or next or whenever.
Posted at 11/3/2014 20:54 by barrieb
Not only will this move make this share VERY ILLIQUID but it will make the share MUCH MORE VOLATILE!!!

What ever possesses the BOD to do this kind of thing is really beyond the realms of sensible thinking and makes me think who is giving them this kind of advise and what kind of BOD are they to be taken in by this ridiculous 50/1 consolidation.

This action will really depress the share price and it will take forever to recover from this unless they can pull multiple rabbits out of the hat to restore confidence!

I am very fortunate to not be a holder but have been watching from the side lines awaiting an opportunity to take an initial position if good progress continues.

However now I am very concerned about the level of business aptitude this BOD of directors have as a 5/1 consolidation would have been more suitable and it would have given a more sensible share price for a company of this size and at this stage.

Is this a clear signal that the board are not in touch with reality and they have got to big for their boots and don't give a toss for the private investor!

I call on the board to reconsider this action while they can still do so before the damage is done. It is your duty to look after the share holders of your company rather than treat them with complete disregard as your arguments for this consolidation do not stand up to reality!

I will continue to watch this and fully expect to see an share price between 20 to 25p when I will reconsider my position if it looks as though a recovery will be possible!!

Good luck to you all

AIMHO
Posted at 11/3/2014 17:13 by yesrupnel
I am not sure if there is any need at all for anyones concerns.

Whether a share is priced at 10p or 1p or whether you have 100,00o shares or 1,000,000 will have little or no effect. Obviously if a share reaches something like £1000 then dividing it up into £100 shares will improve a few small buyers ability to buy/sell/top-up but any signicant buy/sell/top-up by anybody other than a very small PI it will have no effect.

If it changes it from 110 million shares in circulation to 11 million shares does not effect anything. It the amount of money you want to invest/sell that matters.

If you thing there are not enough shares in ciculation now then nothing changes if there is 10 times less as again its all about the value of your transaction that matters.

If the company needs more money via a placing then they need more money via a placing. This share price adjustment will not alter anything.

The chances that they need more money via a placing has in fact substantially reduced (nothing to do with the share price adjustment) because the distributer now handles the orders, stock, warehousing and frees up money for R&D.

They now have contract staff to use when they need them for R&D and project management which ensure lower annual costs and professionals who can actually do the job.

They have got rid of staff in warehousing, merchandising etc.

They have invested in IT and don't need to invest more for a few years.

So with MUCH higher sales and reduced overheads they will have more profits for R&D.

So in summary I think any concerns about the share price adjustment is a red herring.

The need for a further placing is reduced (you cannot exclude it completely as it is a very young company expanding rapidly) due to the organisational changes annouced.
Posted at 11/3/2014 16:06 by buggy
Whoppy,

Somehow I do not agree with the reasoning , but there you go they have differet ideas.

1. Less shares improves liquidity??? [500M to 11 Mill shares and that will improve liquidity?]

2. Small holders find it uneconomic to trade? They did find it economic to buy their small share holding in the first place so what makes it now uneconomic to sell?

3. Administrative overheads?
May have been true in the days when all shareholders are in a company register.... the days of share certificates, Cost of maintaining the share register, cost of issuing share certificates. These days most share holders hold via a nominee account... hence no administrative burden in maintaining a share register. Hands up anybody that still have shares in a certificated form. Maybe what he meant is the number of people contacting them asking for updates which they are obliged out of courtesy to reply. With less share holding they would not have to deal with a barrage of PI enquiry anytime the share price loses or gains 0.1p. Institutional Investors are less of a hassle.

4. It appears the real reason is to raise capital and the rest is just waffle to justify the consolidation. It would have been best to just say that we need to consolidate as it will make us more attractive to institutional investors via placing. [With 11 Millions shares there is not enough for institutional investors to buy in the open market so either some of the directors will look to partial exit, via selling their shares to institutional investors, or a placing involving institutional investors.] Best to state the basic fact without waffle as that treats the PI as if they can't think.
Posted at 11/3/2014 13:42 by buggy
Like many I do not see the rational of 50-1 consolidation. They may have wanted to leave the penny shares category with its wild swings in share price , but a 50-1 consolidation is a bit too far. An serious AIM company with an outstanding number of shares of just about 11 Million?

If they are that confident of their future they should have waited till the share price appreciates and then do a 10-1, 5-1 consolidation.

In most shares that has gone the consolidation route they by and large tends to drift right back.

What will keep the share price up is solid performance and not any artificially manufactured mechanism. Part of the reason for the wild swing in share price was because the performance of the company has been patchy at best. People expect them to shoot themselves in the foot at every step, so use any upswing as an opportunity to take profit in the sure knowledge that the price will drift down.

As for consolidation being the first step to issuing more shares... may well be so but they still could only issue so many. I believe that they need share holders approval before they can issue shares above certain percentage of the company value. So assuming this is 10%, for example, then they can only issue about 1 Million shares without share holders approval,if the outstanding shares is 11 Mill.
Mind you the management have enough votes to propose to dis-apply the share issue rules, and they can vote this through using their block vote.

I am still just watching and digesting the news and possible scenarios. I have not added or sold any until their intention becomes clearer. [ As a penny stock if their performance for once matches their statements, then this has a potential to move to 5p in the medium term. However if consolidated, and say shares trading at 50p a shares: Do I see this going to £2.50 in medium term ? ( which is the equivalent of the share going to 5p)... I somehow do not envisage this.... but I can of course be wrong.

Talking about shooting themselves in the foot......in one single statement , consolidation, they have managed to wipe out close to 15% of the share price and you can be sure that it will not end there. I expect a gentle decline in share price until the consolidation happens.

I imagine you had 50,000 shares now and post consolidation you will have just 1,000, ( same value but for some people the reduced holding will make them want to exist. Most holders with less than 25,000 may also move so unless someone appears in the market to mop up all these shares being dumped by small holders, the price will drift down.
Posted at 03/2/2014 11:07 by yesrupnel
Roomove - I agree with your sentiments on the company. I have it in the VERY RISKY part of my portfolio and the company has a fairly even chance of going bust or being a multi-bagger. The Megaman deal has changed the odds and also allowed me to take very good profits when it was annouced. I got back in again when I thought the share price had bottomed.

The heating control/set of devices market is now easy to get into for most households. Go to BGas, visit B&Q etc. This is rapidly becoming a 'me too' market. If NEST launches then the premium end of the market will be sown up and the middle ground is what JSJS will need to compete in where margins are tighter.

They need to be bringing a new range of other products besides the lighting and boiler controls in order to be a multi-bagger medium term but based on their track record I don't think they can get new products to market fast enough.

So it looks like their value is more for their intellectual property and technical expertise and a company could take them over, e.g. Siemans, Honeywell.

So whilst a distribution deal with a major energy firm would be very good and the share price could increase substantially on that news and further quarter sales/profits figures I am not sure they are a well run enough company to carry on inventing AND getting new products to market in time.
Posted at 03/2/2014 10:10 by roomove
Yesrupbel, I had it on very good authority that jsjs had the heating products potentially tied up with a major energy firm over 6 months ago ready for this winters sales. I posted this here at the time. I have not heard anything since but I would imagine that at best the deal will now be another less favourable to jsjs if it's still on the table at all. A huge opportunity has passed here, these products were due for release 18 months ago, imagine the market share jsjs could now have. I sold out a while ago, I keep tabs because I would buy back in at the right price and I'm surprised the share price has held up so well. A year ago I was very confident these would be a huge success, I'm 50/50 now and with the news about marlin from buggy I'm worrying that contract could be looked at by an unhappy customer. They still have the trump card of having a wide product range but the longer it takes to get all products out there and keep stock levels up the more customers will look elsewhere.
Posted at 02/11/2013 19:36 by yesrupnel
Looks like the competition is hotting up and lots of companies are getting in on the act. I think the products will be all very similar in a short space of time so it will probably mainly down to distribution - can you just buy it (esp. as its a new type of product), do other people say its good and price.

All of these are critical and if I saw a product labeled Honeywell or Siemens then I would trust that more than JSJS.

However if JSJS was available in mass consumer DIY stores, more trade type places like screwfix/wickes/selco and also Amazon (so I can read the feedback) then it has a chance.

But I think the market is going to get crowded very quickly over the next 12 months.

JSJS have delayed their boiler thermostat (which I think is a key component) until January (delays are a recurring theme for JSJS) but they do have Megaman now as their distributor and that could inspire confidence for large retail outlets. They also have Maplin distributing their lighting products but whilst that is main high street I think it will be more of a 'bloke knowing what he needs' type of purchase.

The MAX! is good (similar to JSJS) but does not have a boiler control and limited distribution (I like Conrad but its not mass market) and perhaps some restrictions in real life - see


Honeywell have a good product and NEST is a very futuristic looking device (I think designed by someone who worked with Apple and has a 'self learn' lifestyle optimisation angle which could be good.

I still think JSJS could go bust quickly ( although cash flow is improved immeasurably by Megaman now paying for stock and distribution, or it could get a decent slice of the market. Its finely balance and more likely to go bust then to be a major 10x share price bagger but I'm up 50% so far and its definitely in my 'high risk' section of my shares that I can 'afford' to loose!
Posted at 07/10/2013 09:05 by mortimer7
JSJS Designs PLC Appointment of Master UK Distributor
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TIDMJSJS

RNS Number : 8600P

JSJS Designs PLC

07 October 2013

JSJS DESIGNS PLC

(AIM: JSJS)

Appointment of Master UK Distributor

JSJS Designs ("JSJS" or "the Company"), the provider of innovative home automation technologies, announces the signing of a contract with Megaman UK, a subsidiary of Neolight Hong Kong, to be its sole distributor for the UK. The agreement between the companies also allows for further similar agreements in other core markets for the group, which should accelerate the possibility for core sales growth during 2014.

The detail of the contract will reduce the UK working capital to zero over the course of the next year, as all orders placed by Megaman UK will be paid for in cash in advance of shipment either from the UK or JSJS's Chinese partner factory.

The Company is in receipt of orders to the value of USD 238,000 for shipments direct from the Chinese factory for deliveries as soon as practicable and expects to receive orders in excess of GBP 100,000 for delivery from the UK during October, with a view to Megaman taking over distribution to all UK customers from 01 November 2013. One exception will be the existing store roll out to Maplin, which will be transferred at a later date.

Commenting, Mike Lord, Chairman and CEO said:

"We have seen much improvement in sales traction over recent weeks and one of our biggest concerns was to fund the working capital growth to sustain this into 2014. This deal with Megaman UK allows us to fund this growth, but more importantly to accelerate it further due to Megaman's reputation and significant distribution power into the UK wholesale and retail sectors. This continues the Company's strategic emphasis of finding distribution partners to allow us to concentrate on our core competence of electronic devices, software and app development.".

The deal is expected to generate cash of up to GBP 650,000 over the next six months as UK stock is transferred to Megaman.

About Neonlite

Neonlite Electronic & Lighting (HK) Limited, the brand owner of MEGAMAN(R), is a global leader in the design, innovation and distribution of eco-friendly, energy efficient LED and CFL lighting products. The company has its own state-of-the-art manufacturing plants, an extensive network of concept stores, and wide distribution of its MEGAMAN(R) products in over 90 countries throughout the world.
Jsjs Designs share price data is direct from the London Stock Exchange

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