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JQW JQW

2.70
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
JQW LSE:JQW London Ordinary Share JE00BGCZHC53 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 2.70 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

JQW Share Discussion Threads

Showing 9101 to 9116 of 9200 messages
Chat Pages: 368  367  366  365  364  363  362  361  360  359  358  357  Older
DateSubjectAuthorDiscuss
01/10/2015
17:58
So loobrush what is your take on the website issue suddenly announced on 21 Sept? I was holding but sold on this news as I don't trust them now. Shame.

Also no Div in the results on 23/9.

ochs
25/9/2015
10:38
MidasX
25 Sep'15 - 08:14 - 8604 of 8607 0 2


Market Cap under £11 Million with £46 Million Cash in the bank!

Got to be worth a punt at these levels for an amount that you are willing to lose!

Good god, there is no helping some people.

amoore70
25/9/2015
08:04
Lot's of Tiddlywinks come into my local Ladbrokes every lunchtime to blow their money.

The rest of them are ripping people off in business circles.

Despicable race.

bustedflush2
25/9/2015
08:01
Reminds me of Naibu. All that money and no dividend. lol
nick rubens
25/9/2015
07:22
But how do you know the cash is actually there?
hydrus
25/9/2015
07:14
Market Cap under £11 Million with £46 Million Cash in the bank!

Got to be worth a punt at these levels for an amount that you are willing to lose!

midasx
24/9/2015
20:55
Lot's of Tiddlywinks come into my local Ladbrokes every lunchtime to blow their money.

The rest of them are ripping people off in business circles.

Despicable race.

bustedflush2
24/9/2015
20:26
I know, it is disgusting. But the worst thing is people who have no idea about investing and stockpicking making out they know what they are talking about.
the stigologist
24/9/2015
14:53
September 23, 2015 11:24 pm

Aim’s Chinese disasters offer cautionary tale for chancellor
Kate Burgess

If the UK Chancellor wants a cautionary tale for his initiative to link London and Chinese stock markets, he should look to the Alternative Investment Market.
This week two of the 45 China-­based companies quoted on London’s junior market have either had their operations suspended or their shares. They are just the latest of a long string of Chinese disasters on Aim.

JQW, which provides business-to-business web services to Chinese companies — and claims to be second only to Alibaba — has been fined and barred by the Chinese authorities from doing business for a month. Language on a site that JQW managed for a client was considered by the regulator as a pitch for a pyramid scheme, says an adviser. The company’s shares are a tenth of what they were when they floated on Aim at the end of 2013.

Shares in Vmoto, the scooter company jointly listed in Australia, were suspended on Monday ahead of a profit warning on Wednesday. Its shares have fallen by a third in a year.

Confidence in Aim has been dented by persistent evidence of the gaps between Chinese and western understanding of ownership, shareholder rights and appropriate board governance. The slowdown of the Chinese economy has only added to investor qualms...(more)

the stigologist
23/9/2015
19:44
LOL and you don't also blow your money at the local Ladbrokes!
knigel
23/9/2015
19:21
Lot's of Tiddlywinks come into my local Ladbrokes every lunchtime to blow their money.

The rest of them are ripping people off in business circles.

Despicable race.

bustedflush2
23/9/2015
19:00
another Chinese pos says goodbye


Global Market Group Ltd Cancellation of Admission to Trading on AIM

RNS Number : 0232A

Global Market Group Ltd

23 September 2015

Global Market Group Limited

("Global Market" or the "Company")

Cancellation of Admission to Trading on AIM

Global Market regrets to advise that, pursuant to AIM Rule 1, the Company's shares will be cancelled from trading on AIM ("Cancellation") at 7:00 a.m. on 24 September 2015 as the Company was unsuccessful in its efforts to appoint a replacement nominated adviser ("NOMAD").

Following the resignation of the previous NOMAD, the Company acted immediately to identify a replacement NOMAD. However, there proved insufficient time for the new NOMAD to complete the required due diligence within the one month time frame permitted under AIM Rule 1 to avoid Cancellation.

The Directors of the Company greatly regret both the initial suspension during August 2015 and the delisting that has now occurred as a direct result of that event.

The Directors wish to stress that the initial suspension occurred as a result of inter-related events stemming from the announcement on 10 August 2015 concerning a very positive property deal ("the Transaction") that involves the possible triggering of Reverse Takeover provisions under AIM rules. The Company further announced details of the Transaction on 21 August 2015. This included details of the auction timeline for the Transaction set by the Guangzhou Provincial Government, as a result of which the Company was unable fully to comply in time with the information requests of the former NOMAD, which then felt obliged to resign. The Directors had conducted full due diligence on the property deal, which will enable the Company to acquire an ownership interest in a high-profile corporate headquarters building in Guangzhou Province's new Pazhou e-commerce centre, and believe it is in the best interests of the Company. The property deal comprises complex third-party arrangements that avoid any financial liability for the Company's shareholders, and needed to meet the tight completion timetable in order to lock in the benefit of highly favourable land-pricing terms offered by the Guangzhou Provincial Government. The Directors of the Company are fully committed to compliance requirements, and are devoting extensive internal resources towards working with the AIM team with the objective of achieving an early relisting of the Company's shares.

The Transaction is classified as a Reverse Takeover (RTO) under the AIM Rules. For any RTO, cancellation and re-admission of a company's shares is a necessary part of the process, and Directors are confident that upon completion of the RTO process, shareholder value will be enhanced.

The Directors of the Company are fully committed to maintaining the high compliance standards required of public companies and will be devoting extensive internal resources to achieve an early relisting of the Company's shares.

The Company announced on 15 September 2015 the results of a successful RMB53.5 million fundraising for its main B2B operating subsidiary Global Market Group (Guangzhou) Limited ("GMGZ"), in which it indirectly owns 99.98% of the equity. The fundraising implied a valuation of approximately GBP183 million for GMGZ.

Finally, the Company reports that in the H1 2015 the Company returned to profitability, albeit on lowered sales, following an extensive strategic repositioning exercise started during 2013. Against a backdrop of challenging global economic conditions, the Directors are confident the Company is now positioned for future growth in the rapidly developing cross-border and domestic e-commerce markets.

Shareholders are advised that, during the period following Cancellation until the listing is restored, the Company intends to provide updates via its website at www.globalmarket.com, and via RNS Reach.

For further information, please visit www.globalmarket.com or contact:

David Ling/ Cheandy Hu/ Mophy Fan

Global Market Group Limited: +86 (20) 8600 2299

soul limbo
23/9/2015
16:07
JQW – Interims invite belief in the tooth fairy
By Nigel Somerville, the Deputy Sheriff of AIM | Wednesday 23 September 2015

As George Osborne tweets lyrical about being the first UK minister ever to visit the key staging post at the end of China’s Silk Road, Urumqi, JQW has truly tried to make a silk purse from a sow’s ear. If you believe in the tooth fairy then you should buy the shares with all your might. Indeed, you should go down to the world’s local bank (HSBC) and get a mega-loan and buy the entire company for it is trading on a market capitalisation of £11.1 million (source: ADVFN) and yet has a cash pile of £46 million. Heck: shut down the business (except the Chinese authorities have already done that, for a month) and walk away with £35 million profit?

With all that cash swilling around, if the Board of JQW wanted to swell the net assets per share in dramatic fashion all they would have to do is launch a thumping great share buy-back and cancel the resulting treasury stock. They could buy back half the company for buttons (about £6 million) and double the NAV per share at a stroke. So why have they not done so?

If we look at cash generation we see that cash is up by £6.5 million during H1. With £4 million of receivables and a further £4 million of deferred tax credits we have current assets of about £54 million. Against that there are liabilities totalling £21 million, of which £17 million are deferred revenues (ie subscriptions or some such, paid but not yet used up) which one presumes will come back off the payables at year end. Hand around for a few more months and that’ll be net current assets of £50 million (plus a bit more profits on top). Yet the company is valued in the market at about £11 million.

If we look at profitability, we see that total comprehensive income for H1 of over £8 million, and earnings per share of about 4p. With the shares now trading at 5.75p that suggests a PE of 0.7. I really must reply to that email from the Nigerian bank that wants my bank account details so that it can pay me that massive inheritance. Heck, maybe I could just buy out JQW myself.

Last year’s Interims contained details of dividends totalling 5.2p per share (cost: about £10 million – just shy of the current market capitalisation) because the company was awash with cash. So this year, with the company even more awash with cash and generating the stuff like there is no tomorrow (er…..) and earnings nicely up on last year there is no dividend at all. Why?

OK, there have been a few problems like the suspension of activity announced the other day due to penalties being imposed by the Chinese authorities for advertising infringements and a few problems with Prohibition of Pyramid Selling regulations. If all of JQW’s customers demanded their money back because they wanted to take their business elsewhere then perhaps that £17 of deferred revenues would become a liability and have to be paid back. But even so, this is all just nonsense.

On other small point: the comparator figures for FY14 show dividends paid of RMB 114.4 million. We know from last year’s interims that 0.5p way paid as a full year dividend in respect of 2013 (in July, so it does not appear on the comparator figures for this H1 statement). We know that the 5p special dividend and the 0.2p interim dividend (paid together in Oct 14) cost RMB 97.7 million and RMB 3.9 million respectively. Thus, one might hazard a guess at the 0.5p dividend costing about RMB 9.75 million. Total dividends actually paid during FY14 add up to RMB 111.35 million. So where did the other RMB 3 million go?

Why is JQW trading on a PE of 0.7? Why has the dividend been chopped despite improved financials since last year’s interims? Why no share buyback to push NAV per share significantly higher. Why, why, why….

The answer is, of course, that nobody believes the company. Nobody believes the cash is there. Nobody believes the earnings. And the company is doing absolutely nothing to convince us otherwise. That is why after publishing supposedly stonking financials the shares are down by 6%.

The way the company is behaving suggests that the cash is not there. So if you believe in the tooth fairy then go on right ahead and fill your boots. But will I be buying? Norfolk and Chance.

Target price: 0p and suspension (at least) well before Christmas.

soul limbo
23/9/2015
15:47
Lets face it.......JQW is a terrible name for a company. I don't know how it sounds in Chinese but it's a none starter for international sales. I have difficultly remembering it.
They should take this opportunity to change the name to something simple and catchy like that other company Ally wotsit
If allowed by the Chinese authorities they could set up a new web site under the new name and transfer their customers to it. A simple email explaining the situation to every customer should do.
More staff to oversea the quality of their customers would also help.

macnai
23/9/2015
14:15
Lot's of Tiddlywinks come into my local Ladbrokes every lunchtime to blow their money.

The rest of them are ripping people off in business circles.

Despicable race.

bustedflush2
23/9/2015
14:14
Macnai. Are you related to that old Iraqi foreign minister they used to dub Comical Ali by any chance?
amoore70
Chat Pages: 368  367  366  365  364  363  362  361  360  359  358  357  Older

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