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JQW JQW

2.70
0.00 (0.00%)
Last Updated: 01:00:00
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 Shares Traded Last Trade
  0.00 0.00% 2.70 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 2.70 GBX

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Posted at 07/12/2015 15:11 by someuwin
Didn't even last three months...


09 September 2015

JQW plc

("JQW" or the "Company")

Director Appointment

After a formal selection process, the Directors of JQW have appointed Francis Chan Hein Huey to the Board of the Company as Chief Financial Officer, replacing Kooi Wei Boon, who has resigned from the Company.

Francis Chan Hein Huey (aged 25) has a BSc (Hons) Accounting Degree from Oxford Brookes University and has over 5 years' experience in the auditing industry, having previously worked at Crowe Horwath Malaysia and One Assurance LLP. Francis is fluent in English, Mandarin and Malay. He has had previous experience working with JQW, having worked on the Company's IPO process in 2013 where he gained some exposure to JQW's management team. Kooi Wei Boon has been helping Francis integrate into his new role to ensure that the transition process runs smoothly.






07 December 2015

JQW plc

("JQW" or the "Company")

Director Resignation

JQW plc, a domestic Chinese B2B e-commerce operator, announces that the Board today received notice of resignation from Francis Chan Hein Huey, JQW's Chief Financial Officer, who is leaving the Company to pursue other options. The Board would like to thank Mr. Francis for his contribution and wish him well in his future endeavours.

The Board is initiating the recruitment process for Francis' replacement.
Posted at 06/9/2015 10:47 by 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

target='window'>https://translate.google.co.uk/translate?hl=en&sl=zh-CN&u=



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.



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.
Posted at 05/9/2015 20:32 by xenawarriorprincess
I thought I'd paste the whole of the 4th September 2015 Motley Fool article relating to JQW, simply because the last one they did on JQW ended up being deleted from the Motley Fool website in its entirety.

Whilst the article is generally positive (and certainly better that the hatchet job last time, which had to be quickly pulled as the author basically got it all wrong) it is cautious on a number of points.

They're right about the rapidly expanding market for B2B commerce, but then go on to say -

"this explosive growth is attracting a wave of competitors from both inside and outside the country. As a result, established companies like JQW are on the defensive and need to come up with new ways to retain customers."

There are certainly B2B competitors inside China, principally Alibaba and Youboy, but competition from outside - I see no evidence of that. Indeed over the last 10 years Alibaba has seen off all foreign B2B and B2C competition within China.

This website

target='window'>https://translate.google.co.uk/translate?hl=en&sl=zh-CN&u=

clearly indicates that JQW is 3rd in B2B market rankings, close behind No 2 Youboy, with Alibaba way ahead, but the rest of the competitors are trailing way behind, number 4 has less than 30% of the number of JQW's users. Indeed outside the top 20, all competitors have less than 5% of the number of JQW's users, and many tend to be in small niche markets.

I also think the author is making too much of the "changing business model". Certainly JQW is rapidly expanding the number of agencies it has and this has the effect of reducing the revenue it receives per customer, but it also increases the speed at which JQW can expand across China and enables that expansion to take place more cheaply.

I see this as continuing development in a fast changing market space rather than changing its business model.

To also suggest that JQW has gone ex growth is going a bit far. Indeed as the company expects to make similar profits to last year for the 2015 full year presumably they are expecting growth in profits to return in the 2nd half - that was the position at 30th June and presumably as there was no alteration to guidance that is still the case.

Innovations due in 2015 such as the e commerce payment button on the website, the commission based payments model, in addition to the rural and urban finance offerings, and the mobile applications already introduced could provide a rapid step chance increase in revenues and profits.

That is not to say that China does not at present face significant economic challenges, and these may reflect on JQW.

However given JQW's cash pile and the fragmented nature of the market it is likely that it is JQW's smaller competitors which will find themselves under greater pressure than JQW and they could be taken out in moves to consolidate the market from which JQW could end up an ultimate beneficiary.

As for the timing of MF and share price buy tips this week after months of bashing, I don't believe their 180 degree U turn at this point in time is mere coincidence.

JQW announced around 3 months ago months ago that the OMP's had around 4.8M shares remaining. I reckon around 2.2M have gone over that time leaving about 2.6M left. Obviously very rough figures, but it wouldn't take a genius to realize that with a bit of heavy trading, if no new sellers appear, then that 2.6M could go quite quickly.

Decent interims, and a sudden shortage of shares after almost a year of selling, together with a favourable press could make this a one way bet.

Call me cynical if you must but I'm sure such a scenario has not escaped MF and share price

They know the interims will be decent (JQW has said so), they can work out the selling is likely coming to an end, and they themselves provide the favourable press coverage after 12 months of incessant assault.

And surprise, surprise up JQW goes.






"JQW (LSE: JQW) is one of those companies you either love or hate. The company provides a B2B e-commerce platform focused on connecting Chinese buyers with Chinese sellers, a market that has exploded in size during the past few years.

Indeed, data released last March from iResearch found that China's eCommerce sector expanded by more than 20% in 2014, with B2B sales the largest contributor. What's more, analysts predict that China's $2tn eCommerce market is set to double in size over the next three years. Other figures suggest that Chinese B2B e-commerce and B2B electronic payments will amount to $1.4trn and $140bn respectively, in 2015.

However, this explosive growth is attracting a wave of competitors from both inside and outside the country. As a result, established companies like JQW are on the defensive and need to come up with new ways to retain customers.

JQW itself is in the middle of a transition. The company is changing its business model, contracting out an increasing amount of business through external agents. Unfortunately, this change is hitting margins. For example, while revenue increased by 12% during the first four months of 2015, JQW's gross margin contracted as of commissions paid to agents ate away at profitability. With margins coming under pressure, JQW's net profit contracted by 10% during the first four months of the year.

Still, JQW's management believes that the company's profit for the full year should be "of a similar magnitude to last year."

Sudden halt

It's disappointing that JQW's growth has come to an abrupt halt this year, but while the company is no longer a growth play, it ticks all the boxes as a value play.

According to the figures supplied by the enterprise, at year end 2015 JQW had around RMB 394.7m, roughly £40.8m at the end of December last year. This cash balance was reported after dividend payments totalling RMB 114.4m during the year.

This indicates that, at present levels, JQW is trading for less than the value of cash on its balance sheet. At time of writing, the company's market cap. is a tiny £20.2m. Furthermore, based on JQW's full-year 2014 results, the company is trading at a historic P/E of only 1.3.

Clearly, judging by JQW's current valuation, the market believes that the company doesn't have a future. But the company is profitable and trading below the value of the cash on its balance sheet. For deep value investors, JQW could be a top pick.

Trust issues

However, there's one issue that's overhanging JQW.

Certain Chinese companies have gained a reputation over the past few decades for falsifying accounts, misleading investors and taking advantage of poor corporate control by government. That said, there's currently no indication or proof that JQW is misleading investors, but you can never be too careful.

Even at the best of times, deep value plays like JQW aren't for the faint of heart -- you can often end up losing all of your investment. But for those willing to take the plunge the potential reward can sometimes be enormous."
Posted at 06/8/2015 14:51 by bad robot
SCAM




RNS Number : 7259Y

JQW PLC

03 December 2014

3 December 2014

JQW plc

("JQW" or the "Group")

Statement regarding Orderly Market Agreements

Further to the announcement released on 15 October 2014, JQW, a domestic Chinese B2B e-commerce operator, received confirmation from Midasi Investment Limited ("Midasi"), one of the Orderly Market Parties, that they sold 301,500 shares in the Company in breach of the Orderly Market Agreement. Under the Orderly Market Agreement dated 9 December 2013, Midasi agreed not to dispose or agree to dispose of the legal and beneficial interest in any Ordinary Shares held by them for a period of 12 months from the date of Admission, being 9 December 2014, (the "Orderly Market Period") without the prior written consent of Cairn (Nominated Adviser) and Argento (Financial Adviser), save in certain limited circumstances, and not to dispose or agree to dispose of the legal and beneficial interest in any Ordinary Shares held by them for a period of six months following the expiry of the Orderly Market Period without the prior written consent of Cairn and Argento, such consent not to be unreasonably withheld or delayed.

Midasi agreed to re-acquire the shares that they sold and so far bought back 130,000 JQW shares in the Company through the market. Therefore, JQW, Cairn and Argento believe that Midasi continues to be in breach of its Orderly Market Agreement until such time as it has bought back the remaining 171,500 JQW shares.

One Capital Investment Group Limited ("One Capital") entered into an Orderly Market Agreement on 9 December 2013 on similar terms as Midasi, save that it was able to make such disposals of JQW shares as to recoup the costs to it of certain aspects the Admission process, which it had agreed to fund. One Capital has disclosed to the Company that it has sold 1,706,000 Ordinary Shares in the market to recoup the cost to it of the JQW admission process. In addition, One Capital has shown the Company documentation indicating that it had transferred 1,406,666 JQW shares to a trust on 7 July 2014 without informing the Company, Cairn and Argento, and has confirmed that the JQW shares held by the trust are subject to the restrictions of the Orderly Market Agreement.

- Ends -
Posted at 27/7/2015 17:44 by 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 -




"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,”"
Posted at 10/7/2015 07:50 by 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.
Posted at 03/7/2015 09:28 by 43rick
Dividend policy - imo regular dividend payments are needed to move the JQW share price back up to where it should be -

From the finals RNS - 30th April 2015

For financial year 2014, JQW has declared a total dividend of 5.2 pence per share (an interim dividend of 0.2 pence per share as well as a special dividend of 5.0 pence per share), with approximately RMB 101.6 million paid out as dividend to shareholders on 23 October 2014. In light of the significant amount paid at that time, the Board has decided to not propose any final dividend in respect to the financial year 2014.

Going forward, the Directors intend to resume the payment of regular dividends, which will take into account the Group's profitability, growth, availability of cash and distributable reserves as well as expected financing requirements to develop and expand the operations.
Posted at 08/6/2015 19:10 by 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
Posted at 07/6/2015 10:07 by 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



as well as boosting its presence in cloud computing (5-6-15) -



JD.com - (5-6-15) - has launched its Japanese Mall looking to bring Japanese goods to the Chinese market



that is just a few days after Alibaba and YahooJapan did a similar deal.

And 58.com is also getting noticed



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.




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.



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
Posted at 05/5/2015 13:07 by addict
Mike111D,
Yes,he seems to be more interested with his autobiography than the JQW share price
JQW share price data is direct from the London Stock Exchange

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