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JUM Jumpit

0.40
0.00 (0.00%)
01 May 2024 - Closed
Delayed by 15 minutes
Jumpit Investors - JUM

Jumpit Investors - JUM

Share Name Share Symbol Market Stock Type
Jumpit JUM London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 0.40 01:00:00
Open Price Low Price High Price Close Price Previous Close
0.40 0.40
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Posted at 13/11/2006 13:55 by currypasty
RNS Number:9840L
Jumpit ASA
13 November 2006


13 November 2006


Jumpit ASA
Sales and distribution Agreements


Jumpit ASA ("Jumpit" or "the Company"), the developer of power solutions for
handheld devices, is pleased to announce two new sales orders and distribution
agreements for Russia (CIS) and the Middle East region.


Mobile Energy, a Russian company which is established by Russian investors in
order to be the distributors of Jumpits products in Russia/CIS, has placed a
guaranteed order worth USD 225,000 for immediate delivery. Under an agreement
between the two companies, Mobile Energy will become Jumpit's sole distributor
in the region from 2007, both for the disposable batteries and for other
rechargeable products, such as Jumpit's Multi Charger, which formed part of the
first order.


i2 Mobile (Itsalat), one of the largest distributors of phones and accessories
in the Middle East and Africa, has placed an order of 100,000 units of Jumpits'
disposable batteries. The first order is delivered and paid for, and the
forecast for further orders over the next 12 months is promising.


Mr. Petter Kleppe the CEO commenting on these two new agreements said:


"I am very happy to see that our efforts to open up new markets are now
translating into product orders. We are hopeful that both relationships will
develop important new revenue streams. We remain committed to extending the
reach of Jumpit's products and are actively engaged in opening up new markets."
Posted at 17/11/2005 08:48 by davidsheila1
My this is a busy board, just bourght 50k in these from CEL, they are rating them a strong buy, so they could be doom for a little while yet. all the best to all real investors.
Posted at 08/8/2005 14:50 by sranmal
An interesting Company. However, a few points:

- There doesn't appear to be an "Admission to AIM" RNS, therefore there will be a lack of knowledge of the float and no info on the Company. No Prospectus, no broker estimates...

- This is the first Norwegian Company to float in London apparently. One other European company I watch called Teleunit (TLU) floated on AIM a while back - they're Italian, but have a derisory forward PE due to lack of investor interest. Sets a poor precedent for small Euro companies floating on AIM.
Posted at 11/6/2001 08:47 by clocktower
Selling almost 23% of the company for £600K looks dire to me but the investor in question could bring a real spakle to this share could this be a short term Knutsford?
Posted at 25/2/2000 13:22 by anthonyjb
Jumbo International plc (JUM)
(That is the epic, honest!)

What the hell does this penny share company do?????


For a bit of background, see previous threads on ESI archives:











Anyone remember the "bronze" and "silver" days? :-)


Date: 25 Feb 2000 11:50:14
Service: Regulatory News Service
RNS Number:2276G Jumbo International Plc 25 February 2000
JUMBO INTERNATIONAL PLC ("Jumbo International")
Jumbo International today announces the agreed sale of the whole
of the issued share capital of Sky Balloons International Limited
("Sky Balloons") its hot air balloon subsidiary, to Cameron
Holdings Limited ("Cameron") for a total cash consideration
of #1. Cameron will also procure that Sky Balloons will make a
payment of #100,000 to Jumbo International to reduce the debt of
#382,107 that Sky Balloons owes to Jumbo International. If the
net asset value of Sky Balloons at completion (as determined by
accounts to be drawn up to completion) is greater than #100,000
Cameron will procure that Sky Balloons makes a further payment
to Jumbo International equal to the amount of such excess in
further reduction of the debt owed. The balance of the debt will be
written off. If the net asset value of Sky Balloons at completion
proves to be less than #100,000 Jumbo International will repay to
Cameron the amount of such shortfall. As at 31 December 1999 Sky
Balloons (which has no audited accounts) had unaudited net assets of
#164,673.
END DISSEFFFISSSELE




Actually, I think this is a positive bit of news. It suggests Jumbo
are getting their finger out and doing a bit of cost-cutting and
trimming of dead wood. Like getting rid of unprofitable or onerous
involvements.


Here is the comments archive from Investor Ease:


18.08.99 :+7, (29.5) after H1 profits 183k (2k) - no dividend (nil).
Chairman said: "We anticipate a return to positive cash balances in
the second half of the current year. The recently formed Play Concepts
division has made a promising start and having moved into customised
premises is well placed to take advantage of the growing indoor play
market. We continue to seek further additions to the Group to
complement our organic growth."


18.05.99 :+1, (25) at AGM chairman said that .."Since the announcement
of the 1998 full year figures on 31 March 1999, the group has made
further progress in each of its divisions. The Sports, Leisure and
Play Division has been further enhanced since the year end, with the
acquisitions of Sky Balloons Limited and The Inflatable Fun Factory.
We have formed a new Indoor Play Division, which has already completed
a £65,000 contract for Butlins. The Advertising and Promotions
Division continues to make progress and we are taking advantage of the
international cross-selling opportunities available with the Sports,
Leisure and Play Division. During the first quarter of 1999, Self
Sealing Systems has performed well, and a further four automatic
feeder machines have been installed in the UK and Europe, bringing the
total installed automatic feeder machines to twenty-one."


14.04.99 :+0, (24) wholly owned subsidiary, Broomco (1797) (to be
renamed Sky Balloons International), has acquired certain assets of
Sky Balloons, which manufactures a range of hot air balloons. The
maximum cash consideration payable will be £150,000. £25,000 was paid
on 12th April 1999; £25,000 is payable on the valid transfer of SBI of
all relevant civil aviation authority licences; and a further maximum
amount of £100,000 is payable over a 12 month period from the
completion date.


31.03.99 :+4.5, (23.5) after H2 profits 18k (-341k) - no dividend
(nil). Company has bought The Inflatable Fun Factory £500,000 in cash.
The Inflatable Fun Factory operates within the play and leisure
sector, manufacturing and hiring children's inflatable leisure
products and not the sort of "inflatable fun" enjoyed by some of the
Investor Ease management team. Chairman said: "1998 acquisitions plus
increased feeder machinery sales in Self Sealing Systems. The trading
activities of Rotherby Investments were only incorporated from their
acquisition in July 1998, a period which is outside their peak trading
pattern. Had Rotherby Investments been part of the group for the whole
year, the profit would have been £214,000 higher. The board wished to
encourage wider employee share ownership and an SAYE scheme was
launched in Feb 99. We were delighted that 40% of eligible employees
agreed to participate.... We are now market leaders in a healthy,
growing and profitable niche market. Our businesses are largely cash
generating, offering us the opportunity to make further relevant
acquisitions as opportunities arise. We look forward to the future
with confidence."


24.08.98 :+0, (32.5) after H1 profits 2k (-180k) - no dividend (nil).
Chairman said: "The group has strengthened its balance sheet and is
now well placed to expand further into the inflatables and associated
products markets in which Jumbo International is now a leading player.
We look forward to the future with confidence."


12.06.98 :+0, (38.5) is buying Rotherby Invs for 1.7m in cash and
shares. Jumbo said it also plans to raise 850k, net, by placing
3,333,333 Ordinary shares at 30p per share. The shares are subject to
recall under a two for thirteen shareholders open offer at the same
price. This is the second rights issue in 4 months. RIL is the holding
company of Pleasure & Leisure Inflatables which manufactures
inflatable play products. John Simmons, managing director of RIL, will
join the board of Jumbo following completion of the acquisition.


19.05.98 :+0, (28.5) at AGM chairman said that .."The newly acquired
Jumbo Promotions business is fully meeting the board's expectations.
Self Sealing Systems is making good headway, particularly in the area
of print feeding machines. We continue to seek acquisitions in our
core inflatibles market."


16.04.98 :+0, (28.5) after H2 loss 341k (-766k) - no dividend (nil).
Chairman said: "The company now has achieved three substantial licence
agreements in the United States and we look forward to an increasing
level of royalties over the next few years. The United States
licensees have purchased their initial machines and should be in full
production during 1998. They are also responsible for marketing the
self sealing process and are already either actively doing so or
making plans. The most recent licence was to the Pioneer Balloon
Company who are one of the world market leaders in latex balloons and
are geared to launching self sealing balloons not only in the United
States but throughout the world. As previously reported the company
has developed a feeding mechanism for printed balloons and also for
balloon packing and a number of machines are already in operation. In
addition there are a number or orders currently being processed. In
Jan 98 the company acquired Jumbo Promotions and the combination of
Self Sealing and Jumbo looks extremely encouraging. We have
consolidated our premises at the Jumbo headquarters in Warwick. Jumbo
Promotions has excellent prospects and we are delighted that Mr and
Mrs Lambert, the vendors, are continuing to make a strong contribution
to developments. We now intend to increase our presence in the
inflatables market by extending our product range and further
exploitation of the self sealing technology. We are actively pursuing
potential acquisitions in this niche market where our objective is
market leadership."




Notes from my personal investment criteria:

The last balance sheet (H1 dated 30 June 1999) showed the company was
solvent with net liquid assets, and the net asset value per share was
19p.

The year end accounts to 31 December 1999 will not be out for a couple
of months yet (mid-April last year) however I expect them to be pretty
good particularly in view of the Millennium celebrations sales. (Have
you found out what this company does yet?)

As with most of my shares, these are not for ducking and diving in and
out of on T+, but for a longer term gain. The spread is cr*p, and the
shares are illiquid with only a couple of MM's. You can buy all you
want, but try selling them back and you will get screwed. I made 100%
on them last year, and bought a shedload a couple of days ago thinking
it was about time to get in again at the bottom. (Famous last words!)


If you look at the chart you will see there have been previous
opportunities to double or treble your money if you are patient, and
personally I think the company's prospects and results are much better
now they are getting established than they were in the earlier days.

Definitely high risk, and if you buy a few to put away, do it with
money you can afford to lose like with every share you buy :-)

cheers,

anthonyjb
Posted at 25/2/2000 13:19 by anthonyjb
Jumbo International plc (JUM) (That is the epic, honest!) What the hell does this penny share company do????? For a bit of background, see previous threads on ESI archives: Anyone remember the "bronze" and "silver" days? :-) Date: 25 Feb 2000 11:50:14 Service: Regulatory News Service RNS Number:2276G Jumbo International Plc 25 February 2000 JUMBO INTERNATIONAL PLC ("Jumbo International") Jumbo International today announces the agreed sale of the whole of the issued share capital of Sky Balloons International Limited ("Sky Balloons") its hot air balloon subsidiary, to Cameron Holdings Limited ("Cameron") for a total cash consideration of #1. Cameron will also procure that Sky Balloons will make a payment of #100,000 to Jumbo International to reduce the debt of #382,107 that Sky Balloons owes to Jumbo International. If the net asset value of Sky Balloons at completion (as determined by accounts to be drawn up to completion) is greater than #100,000 Cameron will procure that Sky Balloons makes a further payment to Jumbo International equal to the amount of such excess in further reduction of the debt owed. The balance of the debt will be written off. If the net asset value of Sky Balloons at completion proves to be less than #100,000 Jumbo International will repay to Cameron the amount of such shortfall. As at 31 December 1999 Sky Balloons (which has no audited accounts) had unaudited net assets of #164,673. END DISSEFFFISSSELE Actually, I think this is a positive bit of news. It suggests Jumbo are getting their finger out and doing a bit of cost-cutting and trimming of dead wood. Like getting rid of unprofitable or onerous involvements. Here is the comments archive from Investor Ease: 18.08.99 :+7, (29.5) after H1 profits 183k (2k) - no dividend (nil). Chairman said: "We anticipate a return to positive cash balances in the second half of the current year. The recently formed Play Concepts division has made a promising start and having moved into customised premises is well placed to take advantage of the growing indoor play market. We continue to seek further additions to the Group to complement our organic growth." 18.05.99 :+1, (25) at AGM chairman said that .."Since the announcement of the 1998 full year figures on 31 March 1999, the group has made further progress in each of its divisions. The Sports, Leisure and Play Division has been further enhanced since the year end, with the acquisitions of Sky Balloons Limited and The Inflatable Fun Factory. We have formed a new Indoor Play Division, which has already completed a £65,000 contract for Butlins. The Advertising and Promotions Division continues to make progress and we are taking advantage of the international cross-selling opportunities available with the Sports, Leisure and Play Division. During the first quarter of 1999, Self Sealing Systems has performed well, and a further four automatic feeder machines have been installed in the UK and Europe, bringing the total installed automatic feeder machines to twenty-one." 14.04.99 :+0, (24) wholly owned subsidiary, Broomco (1797) (to be renamed Sky Balloons International), has acquired certain assets of Sky Balloons, which manufactures a range of hot air balloons. The maximum cash consideration payable will be £150,000. £25,000 was paid on 12th April 1999; £25,000 is payable on the valid transfer of SBI of all relevant civil aviation authority licences; and a further maximum amount of £100,000 is payable over a 12 month period from the completion date. 31.03.99 :+4.5, (23.5) after H2 profits 18k (-341k) - no dividend (nil). Company has bought The Inflatable Fun Factory £500,000 in cash. The Inflatable Fun Factory operates within the play and leisure sector, manufacturing and hiring children's inflatable leisure products and not the sort of "inflatable fun" enjoyed by some of the Investor Ease management team. Chairman said: "1998 acquisitions plus increased feeder machinery sales in Self Sealing Systems. The trading activities of Rotherby Investments were only incorporated from their acquisition in July 1998, a period which is outside their peak trading pattern. Had Rotherby Investments been part of the group for the whole year, the profit would have been £214,000 higher. The board wished to encourage wider employee share ownership and an SAYE scheme was launched in Feb 99. We were delighted that 40% of eligible employees agreed to participate.... We are now market leaders in a healthy, growing and profitable niche market. Our businesses are largely cash generating, offering us the opportunity to make further relevant acquisitions as opportunities arise. We look forward to the future with confidence." 24.08.98 :+0, (32.5) after H1 profits 2k (-180k) - no dividend (nil). Chairman said: "The group has strengthened its balance sheet and is now well placed to expand further into the inflatables and associated products markets in which Jumbo International is now a leading player. We look forward to the future with confidence." 12.06.98 :+0, (38.5) is buying Rotherby Invs for 1.7m in cash and shares. Jumbo said it also plans to raise 850k, net, by placing 3,333,333 Ordinary shares at 30p per share. The shares are subject to recall under a two for thirteen shareholders open offer at the same price. This is the second rights issue in 4 months. RIL is the holding company of Pleasure & Leisure Inflatables which manufactures inflatable play products. John Simmons, managing director of RIL, will join the board of Jumbo following completion of the acquisition. 19.05.98 :+0, (28.5) at AGM chairman said that .."The newly acquired Jumbo Promotions business is fully meeting the board's expectations. Self Sealing Systems is making good headway, particularly in the area of print feeding machines. We continue to seek acquisitions in our core inflatibles market." 16.04.98 :+0, (28.5) after H2 loss 341k (-766k) - no dividend (nil). Chairman said: "The company now has achieved three substantial licence agreements in the United States and we look forward to an increasing level of royalties over the next few years. The United States licensees have purchased their initial machines and should be in full production during 1998. They are also responsible for marketing the self sealing process and are already either actively doing so or making plans. The most recent licence was to the Pioneer Balloon Company who are one of the world market leaders in latex balloons and are geared to launching self sealing balloons not only in the United States but throughout the world. As previously reported the company has developed a feeding mechanism for printed balloons and also for balloon packing and a number of machines are already in operation. In addition there are a number or orders currently being processed. In Jan 98 the company acquired Jumbo Promotions and the combination of Self Sealing and Jumbo looks extremely encouraging. We have consolidated our premises at the Jumbo headquarters in Warwick. Jumbo Promotions has excellent prospects and we are delighted that Mr and Mrs Lambert, the vendors, are continuing to make a strong contribution to developments. We now intend to increase our presence in the inflatables market by extending our product range and further exploitation of the self sealing technology. We are actively pursuing potential acquisitions in this niche market where our objective is market leadership." Notes from my personal investment criteria: The last balance sheet (H1 dated 30 June 1999) showed the company was solvent with net liquid assets, and the net asset value per share was 19p. The year end accounts to 31 December 1999 will not be out for a couple of months yet (mid-April last year) however I expect them to be pretty good particularly in view of the Millennium celebrations sales. (Have you found out what this company does yet?) As with most of my shares, these are not for ducking and diving in and out of on T+, but for a longer term gain. The spread is cr*p, and the shares are illiquid with only a couple of MM's. You can buy all you want, but try selling them back and you will get screwed. I made 100% on them last year, and bought a shedload a couple of days ago thinking it was about time to get in again at the bottom. (Famous last words!) If you look at the chart you will see there have been previous opportunities to double or treble your money if you are patient, and personally I think the company's prospects and results are much better now they are getting established than they were in the earlier days. Definitely high risk, and if you buy a few to put away, do it with money you can afford to lose like with every share you buy :-) cheers, anthonyjb

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