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
  +0.00p +0.00% 2.70p 0.00p 0.00p - - - 0.00 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Retailers 8,110.8 2,206.0 786.4 0.0 5.23

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DateSubject
06/9/2015
09:47
xenawarriorprincess: Rupe, I would agree that JQW is in a revenue and profits pause, but I don't believe that they have gone ex growth. JQW has been expanding fast, so perhaps it is only to be expected that profits would come under pressure. I have posted before to say that I believe that they have recently sacrificed profits for growth, and the same may be true, recently, of revenues as the network of agencies expands. However within the interims it will be interesting to see how many fee paying members they have. At December 2014 it was 241,000. This website http://www.dzjqw.com/productShow-7736266.htm&prev=search' target='window'>https://translate.google.co.uk/translate?hl=en&sl=zh-CN&u=http://www.dzjqw.com/productShow-7736266.htm&prev=search http://www.dzjqw.com/productShow-7736266.htm suggests that the figure may be now 350,000. If that figure is correct then JQW has certainly not gone ex growth, but has sacrificed revenue and profits for growth. As to the step change in revenue, this may be some way off, but may still be possible within several years. Banking in China is dominated by state institutions, however the most advanced form of banking they offer is telephone banking. The main banking system in China is effectively 25 years out of date. JQW is already offering financial services, and e payments are due to be offered this year. This could be a great untapped opportunity. Alipay, of course dominates in China in terms of e payments, but I'm sure there will be room for others offering e payments and mobile payments. JQW has also said it intends to move eventually to a commission based model for payments, that is really the big opportunity. Anyway I certainly wouldn't argue against JQW being a value play, that much is obvious. But it doesn't only offer value. The risk of delisting - I also would say it is small. At last years 2014 AGM, when the share price was circa 80p, there were resolutions passed which would enable to company to raise cash and double the number of shares in issue, 65% to existing shareholders, 35% for cash. I suspect a takeover was being line up which fell through due to the rapidly declining share price. At this years AGM the number of shares allowed to be issued was 20% of the issued share capital, 10% existing shareholders, 10% for cash. So I don't see that the company is particularly interested in retaining the shares not in public hands above 75%, although it happens to be just above 75% at present. As for Alibaba, I think they have much larger fish to fry, building their O2O operation and international expansion. They could choose to be a threat, but I think their present focus is elsewhere, expanding into India and the US. Even they can only do so much. But the Alibaba philosophy is also interesting, Jack Ma says that customers come first, followed by employees, then shareholders. Alibaba has also recently said that investors shouldn't be too worried by declines in share price, but shareholders should ask themselves, "will the company still exist in 100 years?". If JQW is following a similar philosophy, then it could explain what may appear to be a "relaxed" approach to the recent share price decline. Perhaps investors simply need to adjust to a more long term view, instead of focussing on the next set of results. http://finance.yahoo.com/news/alibaba-investing-abroad-key-surviving-123730003.html The 2.2m shares sold by OMP's, well of course that is a guesstimate, taking account of the big, 100k+, sells over the last 3 months. There haven't actually been that many, but the OMP's have been regular sellers since August 2014, we know that, and I see no reason why their behaviour should have suddenly changed in the last 3 months. Indeed the share price until the last week or so suggests that their behaviour hasn't changed, although there has also been a regular 50K buyer picking up shares around 8p-10p a few times each week for the last several months. No doubt all will be revealed by the end of this month - but then again maybe I'm also guilty of short term focus.
27/7/2015
16:44
xenawarriorprincess: Interesting that we have ticked up on this so called day of doom. Just as the significant rise in stock prices in Shanghai, something like 150% in the year to the beginning of June 2015 had no effect on JQW (which was down 80%+ in the same period), so China stocks "crashing" I expect will similarly have no effect on the JQW share price. As Maggie once said "You can't buck the market", a lesson that the leadership in China appears to be learning the hard way. My own view is that Shanghai will probably fall something like another 50% before the rout is finished, but that fall, just as with the rise, will similarly have no effect on JQW. But the gyrations in China will at least give the lie, once and for all, to the frequent and unsubstantiated speculation that JQW is about to leave AIM/be delisted (now pencilled in for August/September - very helpful)/ list in Shanghai to chase pots of gold/the nomad about to jump ship - all the usual claptrap. Well, they need a listing in Shanghai like a hole in the head - only 66% of stocks in suspension there at the moment. There are no pots of gold there, and little chance of raising any money there when all the current investors just want to get out as quickly as possible, and cut their losses. And if they were thinking of taking the company private then the directors would no doubt be buying shares at these levels with their own money - not the company buying with the £45M+ in the bank - but directors themselves. The biggest risk at present is that the OMP's may be forced to sell some shares to cover losses elsewhere - indeed if they have any losses, they may have none. But the current Shanghai rout is likely to have little effect on the wider Chinese economy, and our Chancellor would I'm sure give his right arm for a growth rate of 6%-7%. So I expect JQW to remain listed on AIM, as at present, with a decent trading update and interims to come in the next couple of months. Alexa currently shows it 75 in China, with page views up 21% over the last 3 months. The Times today - http://www.thetimes.co.uk/tto/business/economics/article4509533.ece "Calum MacLeod Last updated at 1:00PM, July 27 2015 Shanghai’s index slumped to its biggest one-day fall in more than eight years, as panicking investors burst through Beijing’s great wall of intervention. The benchmark Shanghai Composite Index fell 8.5 per cent, and two thirds of listed companies were suspended from trading after reaching the daily downside limit of 10 per cent." "The sharp fall on Monday was neither surprising nor a signal of impending financial crisis, said Li-Gang Liu and Raymond Yeung, economists at ANZ Research in Hong Kong. “The banking sector dominates China’s financial sector but the spill-over effects to the banking sector remains containable,” they wrote. “Our initial assessment is that the risks are still confined within the securities market.”" "Despite its sharp fall, the Shanghai index remains 11 per cent higher than the start of the year, and opportunities await the brave, advised Laith Khalaf, an analyst at stockbroker Hargreaves Lansdown. “China’s economy is still growing at a higher rate than western economies,”"
10/7/2015
06:50
43rick: 21trader Regular dividends paid over several years will be one of the factors required to move the share price up to something sensible. Another requirement will of course be that the OMP selling stops! At Admission the 4 OMPs held a total of 30.8 million shares. From the RNS of 2nd June 2015 it looks as if they were down to 11.0 million shares. One of the OMPs does not appear to have sold any this year and another appears to have had the same number as Admission as at 2nd June 2015. The volumes traded over the last month have been low so if there has been any further selling off by the OMPs then it has been minimal.(Since 9th June there have been no restrictions in place to prevent OMPs from selling.) It has been indicated in RNSs that the OMPs have sold because they needed to raise cash. (Not because they has lost faith in the company!) A problem for those buying shares at or soon after any IPO is that those who invested well before the IPO may well have seen their investment grow substantially and will be able to exit at a profit even if the share price drops well below the IPO share price. This may well be what has happened with JQW and also with JSI. Stop the selling, keep profits growing or at least relatively stable, pay regular divis and the share price will return to something sensible.
08/6/2015
18:10
xenawarriorprincess: Rupe, There is no doubt that JQW is at a huge discount to its US listed peers. Its closest 'rival' on Alexa rankings is 58.com, C2C, whose 2014 revenues were $264M compared to roughly $126m for JQW, so a little over double. But JQW's shares are valued at less that half of one percent the value of 58.com. Due to consolidating with rivals 58.com's revenues are estimated to jump to a very impressive $677M in 2015, whilst I've pencilled in $210m for JQW, if it achieves 60%-65% revenue growth this year. But as for the market, I suspect that the market either doesn't know about or doesn't care about JQW. Chinese stocks are regarded by some in London as simply toxic - Shares Magazine for example appears to have a simple policy of buying nothing China related, and IC also tends to steer clear these days, possibly due to getting its fingers burned with several tips last year, one of which was JQW. And that is the mainstream press - others take an even dimmer view. But of course that provides the opportunity. B2B is dominated by Alibaba, as it dominates B2C. 58.com appears to be moving to dominate C2C, after it has either bought out or bought major stakes in its rivals. However, whilst Alibaba does have 65% of B2B web traffic, JQW does have a quite respectable 18% (2014 figures). And the history of web traffic in China shows that the dominant player can be overturned. 10 years ago ebay was dominant in China in terms of B2C and C2C. Now it is nowhere having been overtaken by Alibaba. How so? Simply because ebay charged a % fee for its services and Alibaba didn't. Alibaba went for market share, even at the expense of profits. I'm not suggesting that JQW can out do Alibaba, but simply saying that Alibaba's continued dominance in China is not an absolute given. The secret of JQW's anticipated (at least by me) ultimate success is that whilst B2C and C2C represent 68% of total internet platforms in China, and B2B only 32% of platforms, in value terms B2C and C2C represents only 22% of the value of goods transacted, whereas B2B represents 78% of the value of goods sold. And that is why I believe that JQW hold great potential, which one day will be realised. The company is making progress, not only is it holding its own in terms of Alexa rankings, but it is also expanding across China. China has 34 provinces (if you include Taiwan); at the end of 2013 JQW had an agency presence in just 7, at the end of 2014 it was present in 14. Here is the list, showing the 2013/4 expansion - Anhui 1 to 1 Chongqing 0 to 1 Fujian 18 to 17 Guangdong 3 to 5 Guangxi 3 to 5 Guizhou 1 to 1 Hebei 0 to 2 Hubei 2 to 3 Hunan 0 to 1 Jiangxi 1 to 2 Jilin 0 to 1 Shandong 0 to 2 Sichuan 0 to 1 Zhejiang 1 to 2 At the end of 2013 there were 30 agencies, 44 at the end of 2014, by the end of this year there should be at least 60. Presumably each province could support at least a dozen agencies (that is 1 per 3 million population), so there is room for massive potential expansion by JQW, and that in turn would significantly expand its internet presence in China. So, whilst in some ways is presently a 'niche' business, I think that long term it is in the process of expanding into the mainstream, taking in not only B2B websites, design, promotion, advertising but also financial and banking services across a wide range of industries. The underlying business and the share price have become disconnected, but I don't believe that this situation will continue indefinitely. All IMHO, DYOR etc. Xena
07/6/2015
09:07
xenawarriorprincess: Rupe, yes interesting. Shanghai is up 55% since March on repeated stimulation packages, however in terms of p/e ratios valuations remain lower than they were 10 years ago. JQW have said that they are committed long term to Aim, so hopefully that means they won't jump ship and leave for China. However a dual listing on a US market would be a distinct possibility. This part of the recent (30-4-15) Chairman's statement caught the eye of a few investors - "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." However exactly what that means was not explained. The Chairman's statement generally was also bullish - "the Board believes that JQW offers a robust and highly reputable branded platform. With exposure in over 50 industry sectors and considerable scope for future growth, JQW is in a strong position to capitalise on the development of this market" and "Trading in 2015 has started positively and JQW views the future with optimism." Similar comments in 2014 were followed by 60% revenue growth. Meanwhile this week, JQW's US listed peers have been at the deal making game again, as they appear to be almost every week - Alibaba - (5-6-15) - is looking to consolidate its position in Russia http://www.thestreet.com/_nasdaq/story/13176719/1/alibaba-is-making-moves-in-russia.html?&cm_ven=NASDAQ&cm_cat=FREE&cm_ite=NA as well as boosting its presence in cloud computing (5-6-15) - http://marketrealist.com/2015/06/cloud-computing-joint-ventures-data-centers-next-alibabas-list/?source=nasdaq JD.com - (5-6-15) - has launched its Japanese Mall looking to bring Japanese goods to the Chinese market http://www.thestreet.com/_nasdaq/story/13177286/1/alibaba-jdcom-look-east-to-japan-to-boost-production-selection.html?&cm_ven=nasdaq&;cm_cat=free&cm_ite=na that is just a few days after Alibaba and YahooJapan did a similar deal. And 58.com is also getting noticed http://seekingalpha.com/article/3236016-58-com-leading-the-way-in-chinas-online-classifieds following its deals last month with Anjuke and Ganji which looks like will result in massive growth in revenues over the next couple of years. The revenue growth of 58.com is amazing, from $10M in 2010 to $87M in 2012, $145M 2013, $264m in 2014 to an estimated $677M in 2015. Jumei.com has also done a deal (2-6-15) to acquire a stake in a Korean beauty brand. http://www.nasdaq.com/press-release/jumei-acquires-minority-stake-in-korean-cosmetics-brand-its-skin-20150602-00480 The present low share price may be hampering JQW in terms of consolidating/merging with others (very convenient if you are a JQW competitor), as they would be unlikely to issue new shares at 11p (at a market cap of £21m) to fund an acquisition, and all the present deals amongst the big hitters are valued in the $ hundreds of millions. Even the £40m held in cash would be of limited use. However, notwithstanding these difficulties the Alexa figures continue to show JQW holding its own against the US listed peers - these are not direct competitors as Alibaba is B2B, B2C and C2C, JD.com is B2C, 58.com C2C, whereas JQW is B2B, but the common thread is that they all link into the booming China internet market. http://www.thestreet.com/_nasdaq/story/13155646/1/china-speeds-up-internet-helping-boost-traffic-at-sites-like-alibaba.html?&cm_ven=nasdaq&cm_cat=free&cm_ite=na All are predicting revenue growth rates of between 40% and 120% this year - last year JQW grew revenue at 60%, although its agencies channel, which now dominates revenues, grew at 69%. It is likely to do as well this year, IMHO. The US peers are priced at roughly 10x 2014 annual revenues. Current Alexa ratings are Alibaba.com....China..43..World...53...Mkt Val.$226Bn JD.com.........China..17..World...92...Mkt Val..$48Bn 58.com.........China..82..World..511...Mkt Val...$7.38Bn Jumei.com......China.471..World.5270...Mkt Val...$3.88Bn JQW.com........China..74..World..557...Mkt Val...$0.033Bn Both "daily page views" and "time spent on site" are up 13% for JQW in the last 3 months, which is significantly better than the US listed peers. So, despite its deal making ability being effectively crippled by the low share price, the day to day business appears to be doing very well, and for the time being at least JQW is doing more than just holding its own in the China internet market. As yet however the real golden egg has so far eluded JQW, which is not just to charge fees for services provided on its website (after all 90% of users pay nothing) but to pass the revenue for the goods sold through the website and then to take a small share of that. At present revenues only come from web design, advertising and promotion, all the actual payments take place off site, either through banks or by cash. The JQWmall international initiative in 2014 was the first stab at doing this as payments were to go via that website, this now appears to be on something of a back burner, and it seems to have been side lined in favour of grabbing market share in China and expanding there. However the annual results reported that an e payment system will now be launched in the main Chinese based JQW.com website in H2 2015. Orders will be placed and payment made through the JQW website, but initially no commission will be taken. But when commissions are taken, maybe a number of years hence that is when the true worth of JQW will be shown. Most of the US listed peers rely on small transactions involving consumers. The beauty of JQW is that it is B2B, selling anything from machinery to coal to bulk electronics, and the value of goods sold by JQW customers is almost certainly immense. Each deal on JQW will be of a far greater value than its peers, simply by virtue of it being a B2B sale rather than B2C or C2C. A commission based model would propel JQW way up the league table in terms of revenues. Obviously the figures are unknown, probably JQW itself only has a rough idea of the figures as most deals are presently concluded away from the JQW website. But adding the e commerce function and allowing deals to be concluded outside of the unwieldy China banking system will be the first stage of quantifying the potential. This will no doubt tie in with the micro loan offering via CreditEase, and providing credit information to third parties. In time I could see JQW offering a full range of banking and investment facilities. Whilst the M&A route to expansion may be off the agenda at present, JQW in pure market terms appears to be doing very well in an already booming China internet market, and potentially could eventually become one of the big players in terms of revenues. In time JQW will show its true worth, which is presently only hinted at by company accounts and the independent Alexa figures. The AGM announcement can't be far off, so let's see what that brings. All IMHO, DYOR etc. Xena
05/5/2015
12:07
addict: Mike111D, Yes,he seems to be more interested with his autobiography than the JQW share price
09/4/2015
10:44
bad robot: JQW PLC Statement regarding Share Price Print Alert TIDMJQW RNS Number : 3826U JQW PLC 15 October 2014 Press Release 15 October 2014 JQW plc ("JQW" or the "Group") Statement regarding Share Price The Directors of JQW, a domestic Chinese B2B e-commerce operator, have become aware of a recent breach of one of the orderly market agreements that were entered into by various parties ("Orderly Market Parties") at the time of Admission on 9 December last year ("Orderly Market Agreements"). One of the Orderly Market Parties recently sold part of its holding without obtaining the prior written consent of JQW's Financial Adviser and Nominated Adviser as required by the Orderly Market Agreement. It has agreed to buy back the shares that it has sold. JQW, its Nominated Adviser and Financial Adviser have also written to one of the other Orderly Market Parties for clarification of its holding in the Company in order to establish if a further breach of the Orderly Market Agreements has taken place. Separately, as part of a recent review of the Company's share register, the Directors have noted that UOB Kay Hian Private Limited ("UOB") now no longer holds an interest in more than 3% of the ordinary shares of the Company*. *It is noted that custodians which do not control the voting rights of the shares they hold on behalf of nominees are exempt from the disclosure rules. Further announcements will be made in due cou
01/4/2015
18:32
evil_doctor_facilier: I guess is Loverat posts this same post over and over again like he does on here and all over, one day he will claim to be correct. Does this look familiar to anyone, he posted this same post so many times i have lost count , this one from back in October? JQW share price at date of post 33p Loverat 9 Oct'14 - 18:24 - 1946 of 1972 1 0 The fact there is a large troll fraternity here suggests a reversal soon. I bet I am right as the same individuals have been present on many stocks that have rebounded hugely.
13/1/2015
00:32
the stigologist: THEBRAINOFBALDRICK has been getting this totally wrong since October JQW - In second place to $100 billion Alibaba. - JQW THEWEALTHOFSOCRATES - 07 Oct 2014 - 14:38:22 - 1875 of 3343 Stig: Lloyds was 23.19 on 25 Nov 2011. It's now 76 JQW - In second place to $100 billion Alibaba. - JQW THEWEALTHOFSOCRATES - 07 Oct 2014 - 14:32:50 - 1874 of 3343 Mike: hxxp://www.urbandictionary.com/define.php?term=IMO JQW - In second place to $100 billion Alibaba. - JQW THEWEALTHOFSOCRATES - 07 Oct 2014 - 14:22:33 - 1873 of 3343 Big companies fear lawsuits that might damage business. If the share price drop indicates bad business, why use them? They are being cornered as much as much as private investors who are still holding. If they are legit & a positive RNS shows that, holders will benefit greatly as major buyers come in. JQW - In second place to $100 billion Alibaba. - JQW THEWEALTHOFSOCRATES - 07 Oct 2014 - 14:15:17 - 1872 of 3343 JQW auditors are Crowe Clarke Whitehill LLP if anyone wants to contact them. JQW - In second place to $100 billion Alibaba. - JQW THEWEALTHOFSOCRATES - 07 Oct 2014 - 14:14:08 - 1871 of 3343 Lloyds bank is a penny share. There are many penny shares. What matters is the market cap & future prospects. JQW - In second place to $100 billion Alibaba. - JQW THEWEALTHOFSOCRATES - 07 Oct 2014 - 11:11:05 - 1866 of 3343 New info from lse board: JQW short selling & possible insider trading (in Hong Kong?) has been reported to regulators. They should be expecting a knock on the door.
27/10/2014
16:02
43rick: High special divis - assuming they continue, low P/E, encouraging profit growth and that little matter of the share buyback arising from default of lock-in will have much more effect on JQW share price than general market sentiment. In any case the latter may well turn bullish again soon as the US economy strides forward.
JQW share price data is direct from the London Stock Exchange
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