Jiasen Int. Share Discussion Threads

[johndee] 15/9/2015 09:26

Buyers arriving. TW will buy as he deramped it for his own interests. He has called all holders of this moronic. He has an agenda and should be brought to justice. Even ACE is rising now.

[dicko80] 15/9/2015 09:04

Tick up coming !?

[dicko80] 15/9/2015 06:17

Chart looks primed for breakout

[dicko80] 14/9/2015 21:00

director has gone on record and said basically cause they are a Chinese company, that's why the share price is so low..

....................


"It is unfair, says Derrick Woolf, a non-Chinese speaker who is the company’s only non-executive and only UK-based director. He points out that Jiasen is profitable, has about Rmb300m ($48m) in cash, is paying a dividend and has founding shareholders in China who own 80 per cent of the shares and were locked in for a year when Jiasen listed.

He reckons Jiasen has been unjustifiably tainted by the travails of other Chinese companies on Aim"

...............

i spoke with the company today and they have confirmed results are on the way.

dividend announcement should send it to the moon

[johndee] 14/9/2015 20:18

I am quietly waiting to celebrate this company taking Tom W. to court. Today again, he has blatantly called this company a fraud without evidence. His only reason is because it is a Chinese company on AIM.

[dicko80] 14/9/2015 19:51

FT Article - July 2015

Almost exactly a year ago, JSI, maker of doors in Fujian province, became the 50th China-based company to float on Aim. Then, it was valued at £100m. It is now worth £8m. This month, for the second time since it became a UK public company, it said it knew not why its shares had fallen so far.

It is unfair, says Derrick Woolf, a non-Chinese speaker who is the company’s only non-executive and only UK-based director. He points out that Jiasen is profitable, has about Rmb300m ($48m) in cash, is paying a dividend and has founding shareholders in China who own 80 per cent of the shares and were locked in for a year when Jiasen listed.

He reckons Jiasen has been unjustifiably tainted by the travails of other Chinese companies on Aim. Last month, shares in shoemaker Naibu Global were delisted after its UK-based directors lost contact with China-based executives. Sorbic International, a food additive business in Shandong that lost control of its cash and corporate seals, and then its nominated adviser, has until July 16 to appoint a new nomad. If it cannot, its shares will also be cancelled.

Mr Woolf points out that Jiasen made an unusual pact with Aim’s regulator, promising outside investors they can sell shares at the float price of 82p if the company delists within two years of flotation.

[dicko80] 14/9/2015 18:32

interest rate cut in China a few weeks ago...

will only increase turnover and profit..

taken from results RNS April 16th April

"The easing of property cooling measures along with more affordable mortgages are encouraging developments and as such we are well positioned to capitalise on the increased demand for semi furnished apartments."

"The desire for semi-furnished new apartments, known as Refined Housing Decoration (RHD) continues to increase which is expected to drive demand for the Group's multiple product offering."

"The recent fall in our share price is disappointing and the Board believes it does not reflect the underlying value of the business. Our financial performance is positive and our strategy is clearly delivering solid growth. We therefore look to the future with confidence."

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also worth noting the comment regarding the fall in the share price..

this would have been when it was 40 - 30p range..falling from 70p +

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now @ 6.75p

[dicko80] 14/9/2015 18:28

Jiasen International

2014 Results

Profit before tax for the year ended 31 December 2014 decreased by 9% to RMB 214 million (FY2013: RMB 236 million).

· Profit after tax for the year ended 31 December 2014 decreased by 11% to RMB 158 million (FY2013: RMB 177 million).

· Cash and cash equivalents as at 31 December 2014 increased by 29% to RMB 334 million (FY2013: RMB 258 million).

· The Group has a strong order book of RMB 307 million as at 31 December 2014. The order book is mainly made up of orders from property developers and is expected to be completed by mid of 2015.

· The Company proposes to pay a final dividend of 2.35 pence (GBP) per share. Subject to approval on the upcoming Annual General Meeting, the final dividend is payable on 25 June 2015 to shareholders on the register at the close of business on 5 June 2015.

...........................

Q1 2015

Revenue for the period decreased by 1% to RMB 190 million (Q1 2014: RMB 191 million). Historically, the first quarter of any calendar year is typically the quietest and accounts for the lowest revenue compared to the other financial quarters.

· In line with our expectations, the gross profit margin decreased to 28.4% (Q1 2014: 42.7% and FY2014: 30.1%). The reduction in gross profit margin is partly due to the increase in the average cost of materials and our competitive pricing strategy implemented mid-2014 to secure larger and more luxurious property projects, to ensure a predictable and visible revenue stream moving forward. Furthermore, the Group had short term contracts on export shipments which also accounted for lower margins. For FY2015 the Group expects gross profit margins to be between 27-30%.

· Our strategy has delivered a strong order book of RMB 177 million as at 30 April 2015 derived mainly from property developers. These projects are for high volume, luxury homes and they are expected to be completed by end of 2015.

· Net profit for period ended 31 March 2015 decreased to RMB 34 million (Q1 2014: RMB 52.5 million) due mainly to the impact of lower gross profit margins.

· Cash and cash equivalent as at 31 March 2015 amounted to RMB 315 million and the Group's interest receivables was RMB 0.3 million. Cash and cash equivalents for the Group's audited FY2014 results was RMB 334 million as audited by the Group's auditor Moore Stephens LLP.

· Jiasen has a committed dividend policy of 28.5% of net profit. The Company will pay a final dividend of 2.35 pence (GBP) per share to be paid on 25 June 2015 to shareholders on the register at the close of business on 5 June 2015. The shares will trade ex-dividend on 4 June 2015.

[dicko80] 14/9/2015 13:08

cammy think you should start a new thread with charts

[cammy3] 14/9/2015 13:00

Do I detect results lodged at long last?

[dicko80] 08/9/2015 09:35

looks to have consolidated.... wave 2 ?

[singer8] 08/9/2015 09:34

oh dear another failed PUMP and DUMP thread

[dicko80] 07/9/2015 15:03

lets hope so

[johndee] 07/9/2015 14:31

True, tipped to rise and dividend likely.

[dicko80] 07/9/2015 14:22

chart looks primed for a breakout...

[dicko80] 07/9/2015 14:07

is that you buying singer ??

;-)

[singer8] 07/9/2015 11:28

21trader the failed PUMP and DUMP does not look good

[singer8] 07/9/2015 11:01

another 21trader PUMP and DUMP failure
be WARNED

[dicko80] 04/9/2015 20:31

A Previous RNS states the factory to be funded from existing cash

The chart is suggesting the long term downtrend is set to switch to an up trend
Soon

[dgarvey] 04/9/2015 19:22

JSI Q1 trading indicated T/O, margins and net profit declined but they still added a respectable 34m RMB to their cash pile which stands at 315RMB. Down payment of 69m for new factory site was paid in Q1.If they sustain this through the next 9 months, a potential dividend of 33.4m RMB is due for 2015. The half-year report due at the end of September should confirm trading conditions and also clarify whether the new factory build will impact dividends, or whether it will be funded from retained cash and borrowings.As with JQW, markets are sceptical but only a few weeks to wait.

[singer8] 03/9/2015 15:23

WARNING jonnyboy starting PUMP and DUMP
be WARNED
your prayers wont help old boy

[johndee] 03/9/2015 15:19

This and MMO about to rise very substantially with ACE not far behind.

[singer8] 03/9/2015 11:46

you guess wrong then jonnyboy best start saying more prayers

[johndee] 03/9/2015 09:37

40 pence within a month I guess. More dividends to come by all accounts.