Share Name Share Symbol Market Type Share ISIN Share Description
Dji Holdings LSE:DJI London Ordinary Share GB00BNBNSF91 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 134.50p 0.00p 0.00p - - - 0 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Technology Hardware & Equipment 5.5 -10.7 8.5 15.9 279.21

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13/10/201611:07DJI Holdings1,857
13/10/201610:25ALL HOT AIR37
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23/6/201610:23DJI M walters tip-
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Dji Holdings Daily Update: Dji Holdings is listed in the Technology Hardware & Equipment sector of the London Stock Exchange with ticker DJI. The last closing price for Dji Holdings was 134.50p.
Dji Holdings has a 4 week average price of - and a 12 week average price of -.
The 1 year high share price is - while the 1 year low share price is currently -.
There are currently 207,594,007 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Dji Holdings is £279,213,939.42.
higherp: I had read with interest a lot of the comments on this site leading up to recent announcements and afterwards and have to say that a lot of what I have read is ill informed based on very poor analysis. The share price rise we saw recently was fuelled by speculation about imminent Nasdaq listing, new contracts and reinforcement of the board. None of these things have materialised the way we thought and hence the share price has slid. The Nasdaq listing will not take place until Q1 2017 as we have to wait for the name change and reclassification to take place on AIM which cannot be until December 2016, hence Nasdaq not until Q1 2017. The share price will likely slide slowly from its current position until there is positive news issued by DJI and specifically reinforcement of the board and appointment of agent to manage Nasdaq listing, also new contracts / deals would help.
toyin: This was on Seeking Alpha Sorry for the length of post but thought it may be of interest. All the best Summary Meeting with management of DJI Holdings gives insights into its partnership with and shareholding in state-owned media giant Xinhua's mobile app developer, Xinhuatong. Xinhua's mobile app aims to reach out to the new frontier of China's mobile internet - newly connected rural areas. Nasdaq listing still firmly in company's sights, but unlikely until early 2017. Announced name change to BNN is reflection of changes in Chinese business already underway rather than anything very new. I last gave an update about DJI Holdings (Private:DJIH) (DJI.L on the London Stock Exchange) around a month ago. In the two weeks after my briefing the share price shot up over 60% on strong volumes. As impressively, it has stayed up. I believe this stock is going for another good run before the end of the year. Even from these newly elevated levels, it could also be a star performer through 2017. DJI is now trading on a market cap of £308m ($401m) and has recently often been turning over around $2m a day equivalent. From a largely retail stock a few months ago, the company now boasts an impressive blue chip share register, with the likes of Fidelity, Capital, Henderson and Deutsche Bank featuring as new major shareholders. Such investors have poured in around £50m ($65m) from new equity placements into the company in the last few months. Yet DJI, which is in the business of mass-data processing in China, has a lousy track record and no revenue. So what's going on? A rather inscrutable set of announcements last Thursday (which had to include denying a leak) didn't help. Following this announcement I managed to meet, for the first time, the CEO Darren Mercer and the new CFO, Scott Kennedy to find out what is behind one of London's hottest stocks, and one that is to IPO on Nasdaq soon. The company has hired Brunswick, the expensive global PR firm, to give it a corporate makeover. They haven't got off to a good start. They announced that DJI Holdings will change its name next month to BNN Technology to give it a more Chinese identity (go figure?), and formally announced a convoluted new corporate "Mission Statement" (does anyone ever read them?) that talked a lot about improving life for Chinese citizens, but forgot to mention making money for shareholders. Also in the announcement was an apparently minor deal to enmesh DJI with a Chinese company called Xinhuatong, and an application for a something called a National Payments Processing license in China. The shares fell about 10%. What in this announcement really mattered? The seemingly innocuous deal with Xinhuatong. This is about to propel DJI into one of China's great new land grabs of the next decade, the vast new frontier of mobile internet in rural China. China is going smartphone mad, and the lucrative payments business is so far dominated by two players AliPay (controlled by Alibaba's Jack Ma) and TenPay, part of a big Chinese internet group called TenCent. As with everything in China, the numbers are mind-boggling. AliPay already has 400m registered users. By comparison, PayPal, globally, only has 188m users. AliPay already has an 70% share of China's mobile payment market, which is estimated be a US$235bn annual industry. Yet mobile network coverage in China is so far confined to very large cities. This is about to change. The Chinese government has made it a priority to shift economic development to its huge rural hinterlands, which have been left behind by the economic boom. Yet rural China contains half of its 1.4bn population. The new Five Year Plan, just released, has declared that the construction of the country's 4G network is to be rapidly accelerated. This is a massive project. So much so, that within four years it is intended that 85% of the entire population will have 4G coverage. All towns and administrative villages will be covered AND they will all have access to free government wifi. You can buy a smartphone for $30 in China. Think about it. This means that within about the next three years, a population larger than that of the United States, which has never even had fixed internet connectivity before, will potentially have a 4G smart phone in their hands. That is quite a frontier. It's called the "Race for Rural" in China. And who is going win this hugely lucrative market for mobile payments, apps and all sorts of other mobile services? Well the Chinese Government has decided it wants to get in on the action. The government has tasked this job to the sprawling and giant state media company, Xinhua (OTCPK:XHUA) (pronounced "shin-wah"). Xinhua indirectly controls almost every television station and newspaper in China, and has offices in even the smallest of towns across rural China. Yet in the new world of smartphones Xinhua has been left behind. The state media entity has now decided to join the mobile internet race especially as this is now part of government rural policy. It has launched a government Xinhua phone app, but the app is really more like a portal. Within this Xinhua portal will the whole gamut of mobile services (or "sub apps") that you would normally find spread across your phone home pages. You press the app, and that opens up a whole box of other Xinhua-branded apps, probably services such as insurance, on-line loans, personal credit ratings, bookings, etc, like a little Xinhua online department store. There will be other services, most obviously games, sports, news etc to attract and keep users. This new Xinhua app is rolling out fast. It already has over 150m users and targets to hit 300m users by the end of next year (about the same as Twitter or Sykpe globally). Thereafter it has the potential to be one of the biggest apps in the world. So which hitherto unknown company is Xinhua using to create this bold move onto mobile internet? The answer is Xinhuatong, and DJI is the exclusive technology partner to Xinhuatong. It is already providing payment services, from which it takes a turn. As importantly, it gives DJI a seat at the table as Xinhua and Xinhuatong map out their mobile internet strategy. Between now and Christmas there will be a series of other announcements relating to new services to drop into Xinhua's mobil internet department store. I don't know what these specially are, and haven't asked, although there has been some speculation around the market. DJI has around $60m which it is busy spending to set up a series of JVs in China, which will be announced one by one. There are also fairly obvious other areas for revenue generation such as data mining/sales and advertising. But we will have to wait and see what comes through. It is important to understand the value of the Xinhua name in China. If, like me, you are over 40 years old, do you remember the first time you ever made a payment over the internet? It was a bit scary. You typed in your credit card details (which you assumed would probably get stolen), pressed "Enter" and wondered why anyone would bother sending you anything in return, now that they already had your money. It is an experience that is going to be repeated tens of millions of times across rural China in the next few years. For new rural internet users to feel safe with their payments, Xinhua, the official government news agency, is the most trusted brand there is (like the BBC, here in the UK). Unlike the two Chinese e-payments giants, it has 2,800 physical offices throughout China, so it quickly sign up e-payment deals with local utilities and the like. And processing all these transactions for a fee will be DJI. Further, the National Processing Payments license, referred to in Thursday's announcement, will allow DJI to take much fatter margins on each payment, as it can operate on the same terms as a credit card company. DJI will not only be handling the back end, but will also be building front end mobile internet businesses, including content, for Xinhuatong as well. It ought to be the a relatively easy business; find the app ideas that have worked best in the West, source a strong local or international JV partner, put the Xinhua brand on it, and insert it into Xinhua smartphone portal. As investors understand this path forward, they are pouring into this stock in London with a market cap of just $420m. Compare that to AliPay, via its parent AntFinancial, which is expected to list in Shanghai soon for perhaps $150bn. The new name BNN, I discovered, stands for Beijing New Net, which is DJI's operating company in China. The new name will be launched, along with a zippy new web site, next month. Expect the stock ticker to change from October 10, and will probably be "BNN". All this new re-branding work has pushed back the Nasdaq listing. The submission will go in after the name change next month, but there may also be delays as any subsequent new business announcements will then have to be incorporated into the prospectus. I am told the Nasdaq listing is now likely early in the new year. While this should help to re-rerate the stock, as fresh US investors will bring better understanding and higher multiples, the Aim listing has surprised me in the way it has carried the stock upwards and much bigger volumes. So where is the share price going? The company believes it can achieve the revenue forecast of £85m for 2017, put out by the company's broker Mirabaud. and £27.8m profits, or EPS of 13.4p, which puts the stock on a distinctively un-racy prospective PER of 11.4x. This should certainly support the current share price on Aim given that this is a growth stock, and would point to a valuation of perhaps twice this on Nasdaq, say about £3 per share. The stock enjoys a buzz in London, and has also become a bit of trading stock. This is great for liquidity and provides buying support on any dips. We will have to wait for details of new business deals announced in the next few weeks and months. I am told Mirabeau will be putting out an updated set of forecasts. The company believes the national payments processing license should be granted in due course and boost payments margins substantially. Based on all this, a successful Nasdaq listing, and assuming the markets hold up generally, I would hazard at a share price of around £3.50 by the end of the 1Q17. I don't want to forecast beyond that, before we know more details of how this business is going to unfold. To date, the CEO Darren Mercer, has done an astonishing job in turning around a moribund venture, and re-positioning it smack in the middle of China's internet sweet-spot. If he pulls this off, he will have succeeded where many of America's greatest tech companies have recently failed, by building a major Chinese app. Next spring will probably mark an end to the stage where the stock's pricing is all about big announcements, and the Nasdaq listing. Legacy shareholders will probably be taking profit as new US investors take up the running in the stock. In 2017 the story for DJI is going to be all about revenue and delivery. The company will need to ensure it books revenue as forecast, and lives up to the substantial general expectations it has built up for itself. The roll-out of 4G and free wifi to rural China is a massive story, and DJI Is the only way to play it in listed equities right now. However, the company will need some decent on-going brokerage research to knit together the various detailed announcements so investors can see the whole story. The company is planning to beef up its board. New high-profile directors are important to the company at this stage, especially those prepared to get involved rather than just take a fee. The promised announcement of a strong US broker is also important. The company is starting to get a reputation for missing its own deadlines. I like the new CFO, Scott Kennedy, he is a clear thinker. He has a strong CV and is especially experienced in handling complex businesses. Among other things he was Global Head of Business Information, Planning and Analysis at HSBC (aged just 32). He also has good recent experience running a Nasdaq listing when he was FD of Willis Towers Watson (NASDAQ:WLTW), which has revenues over $8 billion. During my 3 hour meeting I saw good chemistry between him and Darren Mercer. That's going to be useful, because they have a lot of work ahead of them. I hold the stock (DJI.L on the London Stock Exchange), and all price-sensitive information is based on announcements in the public domain. Disclosure: I am/we are long DJIH.
genises: DJI's three most recent announcements of results, new equity funding and director appointments suggest that the momentum of the first half of 2016 could be just the beginning of something much bigger. With the fresh infusion of £29.5m of equity in the bank, CEO Darren Mercer commented in the 2015 Annual Results announcement, "…a number of new material opportunities are being progressed. The Board therefore views the remainder of 2016 and beyond with considerable confidence and excitement." Appointments to the Board and Executive team announced last week show DJI responding to the need to bolster its team in order to rapidly scale up. A key hire was senior CFO Scott Kennedy. Kennedy began his career at GE Capital, moving on to HSBC where he was Global Head of Business Information, Planning and Analysis. He went on to become CFO of Willis Group Holdings (NASDAQ:WLTW), a Nasdaq listed global insurance brokerage with 39,000 employees operating in 120 countries and revenues over $8 billion. Kennedy is clearly experienced in handling complex systems and has experience on Nasdaq. Along with the CFO, two new directors were appointed, Mr Wei Qi, who is the CEO of DJI's operations in China, and Mr Dong Jinhua who is the founder and CEO of Xinhuatong Software Development, DJI's partner in China. In the 30 June 2015 annual results statement, DJI reiterated longstanding plans to list on Nasdaq, targeting 3Q16. With a full year's audited results now public, a very good share of the necessary documentation for a Nasdaq listing should be ready for filing with the SEC. Nasdaq rather than London AIM is the logical place for a listing of a company of this kind. Once it is listed, it will be obliged to be a great deal more communicative with the marketplace on its progress and it will be inevitably compared with the likes of WBAI and BABA. Valuation DJI is currently trading on a market capitalisation of £172m (US$222m). By comparison, listed on Nasdaq, trades on a market capitalization of US$715m with a much narrower (lottery service provider) business model. Alipay, as part of Ant Finance, which is in the same space, has recently privately raised $3.5bn on a valuation of $60bn. Ant Finance is expected to list in Shanghai this year, a high profile event, probably in the range of US$80-$100bn. Ant Finance is then expected to list in Hong Kong next year. In this context, it is not difficult to envisage DJI as the only listed play in Chinese smartphone e-payments, being valued at a market capitalization of at least $2-3bn. This equates to a London share price of £8-£12 (vs its current share price of around £1). The forward growth story suggests valuations that will considerably larger. I understand that DJI is currently submitting its application to the SEC for the Nasdaq listing. Obviously the listing is dependent upon that application procedure, and I certainly don't want to pre-empt the decision of US regulators. In any event, given that the company is already listed in London, investors can be secure in being able to trade this increasingly liquid growth story.
squiresquire: Today the share price is at 1.43. On the 18.5.16 it was 145. On the 25.9.14 it was 149. On the 12.8.14 it was 155. The price today is on the cusp of a breakout of truly massive proportions if you look at the graph and the fundamentals. DJI are in with the Govt backed xinhua as well as Tencent with billions of dollars poised to go through their payments systems. They are about to join in with the Nasdaq which may require in the process a very large fundraising indeed to cope with the vast amount of traffic they are positioning to deal with. Clearly they have laid emphasis in their own RNS about how valuable their customer knowledge is about to become. Nasdaq will not have missed this opportunity and the backers for DJI entry are going to want a good payback when DJI does join. The rest of DJIs business makes the National Lottery side look small though i suspect many will jump in on a Lottery resumption announcement. This is expected soon according to DJI along with according to them again, the Nasdaq listing. DJIs future looks phenomenal but also very close in time. I understand a few on this thread wont comprehend this as i have not been able to supply a translation in grunts.
squiresquire: Snowy I agree with all youve said, my only reserve is that the recent rise of DJI share price has included an awful lot of hot air. By this i dont mean they have no potential they do, but DOT COM boom showed just how overvalued companies can become when viewed in the cold light of day. The news you have said is surely due but has been flagged for months, the share price is aware of the Nasdaq proposed listing as it is of the entities onvolved, sure them being named will be another step forward, but as i just said i feel its built in. Time will tell, but good luck to all who are in or as myself currently out of this share.
someuwin: Valuation £12+ per share... Imminent Nasdaq IPO Of China Smartphone App Play DJI Holdings Paul Ensor Long/short equity, special situations, growth, foreign companies Summary •DJI has established a firm foothold in China's smartphone app and e-payments businesses. •Local partners in China include Xinhua News Agency, China's official news agency whose mobile app had a reported 120m users in February. •Market cap of £172m (US$222m) compares to Nasdaq listed's US$715m, despite the latter's much narrower business focus. It is a small fraction of the $60bn value of Alibaba's Ant Financial. •Nasdaq IPO planned for 3Q16. For a pre-IPO position, investors should consider buying the London listed shares. ... Valuation DJI is currently trading on a market capitalisation of £172m (US$222m). By comparison, listed on Nasdaq, trades on a market capitalization of US$715m with a much narrower (lottery service provider) business model. Alipay, as part of Ant Finance, which is in the same space, has recently privately raised $3.5bn on a valuation of $60bn. Ant Finance is expected to list in Shanghai this year, a high profile event, probably in the range of US$80-$100bn. Ant Finance is then expected to list in Hong Kong next year. In this context, it is not difficult to envisage DJI as the only listed play in Chinese smartphone e-payments, being valued at a market capitalization of at least $2-3bn. This equates to a London share price of £8-£12 (vs its current share price of around £1). The forward growth story suggests valuations that will considerably larger.
redhill9: Thanks topazfrenzy. Particularly interesting final paragraphs: Valuation DJI is currently trading on a market capitalisation of £172m (US$222m). By comparison, listed on Nasdaq, trades on a market capitalization of US$715m with a much narrower (lottery service provider) business model. Alipay, as part of Ant Finance, which is in the same space, has recently privately raised $3.5bn on a valuation of $60bn. Ant Finance is expected to list in Shanghai this year, a high profile event, probably in the range of US$80-$100bn. Ant Finance is then expected to list in Hong Kong next year. In this context, it is not difficult to envisage DJI as the only listed play in Chinese smartphone e-payments, being valued at a market capitalization of at least $2-3bn. This equates to a London share price of £8-£12 (vs its current share price of around £1). The forward growth story suggests valuations that will considerably larger. I understand that DJI is currently submitting its application to the SEC for the Nasdaq listing. Obviously the listing is dependent upon that application procedure, and I certainly don't want to pre-empt the decision of US regulators. In any event, given that the company is already listed in London, investors can be secure in being able to trade this increasingly liquid growth story. The information in this note has been taken from publicly available announcements.
kkrriiss2: Usa franklin independent 242p price target 40Home Stocks Could DJI Holdings PLC Increase Even More? The Stock Just Had a Gap UpCOULD DJI HOLDINGS PLC INCREASE EVEN MORE? THE STOCK JUST HAD A GAP UPTodd MillerMay 12, 2016LIKEThe stock of DJI Holdings PLC (LON:DJI) gapped up by GBX 0.1 today and has GBX 251.94 target or 147.00% above today's GBX 102.00 share price. The 6 months technical chart setup indicates low risk for the GBX 164.87M company. The gap was reported on May, 13 by If the GBX 251.94 price target is reached, the company will be worth GBX 242.36 million more. Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. The stock increased 12.09% or GBX 11 on May 12, hitting GBX 102. About 803,424 shares traded hands or 40.21% up from the average. DJI Holdings PLC (LON:DJI) has risen 120.54% since October 8, 2015 and is uptrending. It has outperformed by 117.12% the S&P500.DJI Holdings plc , formerly DJI Holdings Limited, is a United Kingdom licensed and authorized distributor and promoter of Chinese lottery products. The company has a market cap of 164.87 million GBP. The Firm is engaged in content and promotions partnerships with provinces and online retailers. It currently has negative earnings. The Firm offers back-office lottery ticket fulfilment services to online retailers.
ayesha4: From a friend : 1. The word from my contacts in China is that within the next 2 to 3 weeks there will be a major announcement from the Ministry of Finance in relation to the lifting of the suspension of the online lottery (i.e. within a matter of two or three weeks). 2. A large number of illegal and unauthorised lottery operators in China have been closed down during the course of the suspension. One of the largest illegal operators, based in Guangdong, accounted for more than £40billion of turnover per month through the online lottery. The crack-down by the Chinese Government on the illegal lotteries is removing a significant amount of the competition that DJI has faced; it is widely reported that the illegal lottery/gambling sector is estimated to be more than 10 times the size of the legal lottery sector. 3. The Chinese Government themselves announced a number of weeks ago that they were writing new legislation specifically for the online lottery, whereas previously it has been difficult for authorised operators to promote it effectively due to various uncertainties that existed. 4. Once the suspension of the online lottery is lifted DJI will be left in a very strong position in the market. Not only will much of its competition have been removed, it will also be able to capitalise on the certainty that the new rules bring to the sector, thereby allowing it to sign more B2B and B2B2C partners and to promote the online lottery more effectively. 5. DJI's position in the market will be further strengthened by its partnership with Xinhua (the monopoly news agency in China, which is government owned and operates some of the most visited websites and widely read newspapers / magazines in China). From what I can see and hear, DJI appears to have been working with Xinhua during the period of the suspension of the online lottery to further strengthen its partnership and to further capitalise on it, including from a commercial perspective. 6. It was announced on 15th April that DJI's fully year results for 2014 would be affected by a provision that would be made against any debtors that related to the online lottery. There would also be a provision for some further costs. The announcement explained that the debtor provision was being made as a result of the suspension because of the auditor's uncertainty as to whether the suspension would be lifted in the future. The Company has confirmed that when the suspension is lifted this provision will be reversed which in turn will give a boost to the 2015 results. Assuming that the market intel is correct in relation to the lifting of the lottery suspension, the sell-off in the shares that ensued after the announcement in April would appear to be well over-done. 7. What the investor-market seemed to miss from the announcement is that in what was a year of build-up in 2014, gross sales grew from £22m in 2013 to £642m in 2014. Furthermore, within 2014 the gross sales grew from £134m in the first half to £508m, in the second half. 8. In my opinion the Company's results for the first half of 2015 will be materially adversely affected by the online suspension, which is of course a set-back, however because the rest of the sector has also been affected in the same way and because so much of the competition has been removed market, this should only be a short-term and hopefully one off blip. Providing the suspension is lifted fairly quickly the Company should be able to generate strong results in the second half of 2015. 9. On matters closer to home, my contacts in the City of London tell me that DJI has finally agreed the termination of its contract with its incumbent Nomad and Broker and has agreed to appoint new and separate Nomads and Brokers. I would expect the new Nomad and Broker to perform a significantly better job than what, in my opinion, was an atrocious job performed by Canaccord. From what I can see from the Level2 screens on the stock market Canaccord appear to be shorting DJIs stock at the moment, seemingly suppressing its share price (their offer price is significantly below that of the rest of the market-makers), just to rub-salt into the wounds. It is only possible for Canaccord to do this for a limited period though, so I am not too concerned. 10. It is my understanding that the new Nomad and Broker has visited and scrutinised DJI's operations in China and were overwhelmingly impressed with the setup, market position and prospects over there. 11. My contacts in New York and HK tell me that DJI has continued to progress with its Nasdaq listing throughout the course of the suspension and they are just waiting for the lifting of the suspension before they proceed with the performance of the listing, which I am sure will take a number of months following the receipt of the 'green-light'. 12. I am told by people far more knowledgeable than I that once the suspension of the online lottery is lifted this should trigger a series of positive announcements, along the lines of the following: a. Lifting of the suspension of the online lottery and an explanation of the benefits to DJI of the new rules and the cull of illegal operatorsb. Announcement of the appointment of new Nomad and brokersc. Announcement of the 2014 results, including an outlook for the futured. Announcement to provide an update on the listing on Nasdaqe. Announcement of some improvement and strengthening of the tie-up with Xinhua (I don't know exactly what though)f. Announcement of at least one other valuable commercial/B2B partnership 13. In the meantime, the key risk to the short term performance of the share price is the timing of the announcement of the lifting of the suspension of the online lottery. The large majority of the Chinese lottery sector expects this to be imminent though.
ayesha4: Look out for DJI over next few weeks : From broker : Good luck to all those who decided to sell and take the profit, for those who did not, you would have seen the share price fall as low as 88.50 over the past three months and probably thought there was no end to the fall, I personally expected this to happen but did not think the share price would fall as low as it did. I am informed that all of this happened because one share holder sold a million shares and liquidated their entire stock on what appears to be any price. Still on a positive note (of which there are many) in an article written by Mike Walters a well-respected ex-Daily Mail journalist. His tip on DJI, which is entitled “It’s a Lottery”, is available on his website and reads well, it has triggered various small investors to start buying this morning and there should be plenty more to follow. This one small article has triggered and increase in the share price, on the 29/12/14 DJI was trading at 92.50 this morning it was trading at 1.15 I personally managed to buy more stock at 1.03 yesterday I personal believe there will be very exciting time ahead for many different reasons. One of my contacts has spoken with a leading investment bank in Hong Kong who has advised that they will be publishing an analyst note on DJI during the early part of January, which will recommend the shares as a ‘Buy’ and set an initial target price of circa £2.00 per share (bear in mind that the current mid-price is £1.15pence per share). The Company announced to the London Stock Exchange on 3 December 2014 that it intended to obtain a dual listing of its shares on either the New York Stock Exchange or Hong Kong Stock Exchange. This should have a major impact on improving the trading volumes and liquidity in the Company’s shares. It should also result in an upward re-rating of DJI’s share price so that it is comparable to the other Chinese Lottery service providers which are listed at much higher valuation multiples in HK and the USA (which would actually equate to a share price in DJI of more than £5.00). The Company is scheduled to make a results announcement during the first two weeks of January which I expect to be very positive. The results that were projected by the Company’s broker on the IPO were extremely conservative. I am confident that the results to be announced in January will be significantly ahead of expectation. It is my understanding that a number of other significant commercial deals will be announced to the market during the coming weeks and that the news flow from the Company will be very strong going forward. I am reliably informed that the Company’s shares are being recommended as a ‘Tip of the Year’ for 2015 in at least one major newspaper/magazine over the holidays. In my experience this will generate a significant amount of retail buying in the shares. A number of my other contacts in numerous investment funds and investment banks and London, New York and Hong Kong have informed me that they have recently been presented to by DJI during recent weeks where the Company has invited them to investment into their shares. The majority of these funds and banks have confirmed that they will invest sizeable amounts (seven figure sums) into the Company during the first few weeks of January 2015. I expect lots of my other contacts to start to buy into the Company’s shares over the next few days and weeks in order to take advantage of the current price. I am also informed that some investors have purchased DJI shares through there ISAs Please read below part of the article from Mike Walters the article is only available to subscribers to the Mike Walters website I therefore cannot supply you with the entire article. Some of the most interesting excerpts from the article are included below for your information: “Online lottery sales have been driven partly by the Chinese internet giants” Rather than build their own lottery sites, these majors see lottery as a small but useful add-on for generating traffic and revenues, so prefer to sign up existing lottery operators. The lottery providers also prefer not to go with a single online operator. As a result, DJI has signed distribution deals with part of Alibaba, and with Tencent and 360 in the past year. This helps use third party sites to drive traffic to DJI's own sites. There is also an opportunity for DJI to provide sites for banks and insurers. Online and mobile sales will be the main source of growth for DJI as it moves away from lower margin areas like scratch cards. It has lottery licences in major provinces, including Beijing, Shanghai, Chongqing and Guangxi. In a key move, late in September DJI signed an exclusive joint venture agreement with Xinhua, the dominant State-owned media company, to provide a technology platform and Sports and Welfare lottery games and lottery services. This brings great prestige and national reach and status. DJI has 49% of a venture aiming to become the leading provider and distributor of lottery products in China. Xinhua operates China's main online news sites, and has over 20 newspapers, dozens of magazines, and is into various other media ventures. The online division is to be floated in Shanghai to raise capital for growth. All round the Xinhua deal gives DJI a massive step up in status (to help gain extra licences), revenue potential and national presence. As the internet and official online gaming takes off in China, growth will be speeded by the introduction of new ways of playing. Single match betting on football and basketball is getting started, and will be boosted in the New Year. DJI is well placed to establish greater links with the Premiership. Revenues were boosted in the first half of 2014 from the online Sports Lottery during the World Cup. Once hooked, it seems, the punters have stayed on to play in the months which follow, and are looking at European matches. Earlier this month there was a deal which brings a trial of a high frequency horse racing lottery.” “It [DJI] is growing at a scorching pace. In the first half of 2014, gross revenues leapt from £5.7m to £134m, with second quarter revenues at £113m, against £21.8m in the first quarter. Broker NSBO Beijing notes that the company has become profitable on a monthly basis for the first time, and expects growth to continue.” “These numbers [the brokers forecasts] look extremely conservative given the pace of ongoing growth, deals which have been done, and the probability of further deals. The broker note was written in September when the shares were 140p, and there was a price target of 167p. That was arrived at by comparison with the peer group of companies listed in Hong Kong and the US. The price is much lower now, probably brought down by at least one sizeable distressed seller on a thin market. At the beginning of December, the company announced that it would be seeking an additional share listing, either in Hong Kong or the US. Though the move into profits and the strong cash flow suggest that there is no urgent need for extra capital, it is safe to assume that any adviser bringing DJI to a new market would want to profit by managing a share placing.” “DJI has been operating in China since 2008, and has plainly built respect. It has succeeded in winning new licences and establishing new partners of real standing. The joint venture with Xinhua is a massive step forward in gaining and enhancing respect, and it operates carefully within the legal lottery business, where the government is encouraging established operators to expand. The shares could respond quickly to good news, and there are certainly deals to come and a move to another market. As more investors come to know DJI and appreciate the opportunity there could be quite a sharp re-rating.” “Given the pace of growth, however, we could be looking at a prospective single figure pe for 2015. As a way into a market where growth is exploding, that looks way too cheap.” As I have mentioned previously, my personal opinion is that DJI currently represents a great opportunity.
Dji Holdings share price data is direct from the London Stock Exchange
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