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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Ztc Tele. | LSE:ZTC | London | Ordinary Share | GB00B1RDDK95 | ORD 10P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
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|---|---|---|---|---|---|
| 0.00 | 0.00% | 2.75 | 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 | 2.75 | GBX |
Ztc Tele. (ZTC) Share Charts1 Year Ztc Tele. Chart |
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1 Month Ztc Tele. Chart |
Intraday Ztc Tele. Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 02/6/2009 | 03:09 | ZTC Mobile - Chinese Mobile Phones | 25 |
| 21/3/2008 | 14:00 | ztc | 57 |
| 30/3/2007 | 13:58 | ZTC Telecoms plc (ZTC) | 1 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 02/6/2009 03:09 by zangdook ZTC is now CEVO |
Posted at 05/3/2009 11:25 by roderick montrose smythe RNS Number : 5813KZTC Telecommunications plc 22 December 2008 22 December 2008 ZTC Telecommunications Plc ('ZTC' or 'Company') Removal of a director and update The Board of ZTC Telecommunications Plc (AIM: ZTC) announces further information following the previously announced disappearance of Mr Chaohui (aka Charles) Huang, CEO and majority shareholder of the Company. Removal of a director Following the disappearance of Charles Huang, the Board of ZTC has resolved (in accordance with the Company's articles of association) to effect his removal from the Board with immediate effect. The Board has also taken steps to terminate Mr Huang's service agreement with the Company with immediate effect. Update Although the Board has not yet concluded its investigations, it seems increasingly unlikely that the Company's business in China will be able to resume trading and, as such, the ability to realise net assets for the benefit of shareholders may be difficult. It is possible therefore, given potentially long recovery procedures, a deteriorating economy and limited resources, that the Chinese and Hong Kong subsidiaries of ZTC may have negligible recoverable value. To the best of the knowledge and belief of the Board, ZTC Telecommunications Plc, the group's AIM-listed holding company, has no guarantees or cross guarantees with its subsidiary companies. The Board, however, cannot exclude the possibility that the Company's former CEO has entered into obligations ostensibly on behalf of ZTC and, accordingly, there may be 3rd party claims of which the Board is currently unaware. The Board can confirm that to date it has not been notified of any such 3rd party claims. Nevertheless, ZTC has a small cash balance and is able to meet its obligations in the short term. The Board is considering a number of options for the Company which include seeking to refinance it with equity and/or loans to allow it time to seek a new business to acquire (a reverse takeover under the AIM Rules), or to complete either a members' voluntary or creditors' winding up. No decisions in this regard have yet been reached. The Board is also reviewing whether an EGM of the Company should be convened pursuant to section 656 of the Companies Act 2006 ('duty of directors to call meeting on serious loss of capital') to consider whether any, and if so what, steps should be taken to deal with the current situation but has not yet reached any firm conclusions. Should the Board determine that a members' voluntary or creditors' winding up should be completed, it is unlikely that the Company will go to the expense of publishing its annual accounts for the year ended 30 June 2008 or hold its 2008 AGM before 31 January 2009, as it is required to do under the Companies Act 2006. Should a refinancing be decided on as the best way to preserve some shareholder value, the Company will publish its annual accounts for the year ended 30 June 2008 and hold its 2008 AGM as soon as possible. Further, it is very likely that existing shareholders will suffer dilution should a significant number of shares be issued to the provider(s) of such finance. Further, it is unlikely that shares will be offered widely to shareholders for reasons of the significant regulatory costs involved in making such an offer. Nevertheless, the Board has determined that should a share issue be proposed, such an issue would be subject to shareholder approval. The Board is advised that the Company is not currently subject to the UK City Code on Takeovers and Mergers ('Takeover Code') by virtue of the fact that it is managed from abroad, despite its establishment as a company registered in England and Wales. As a result, none of the provisions of the Takeover Code (for example such as the requirement for a shareholder acquiring voting rights in excess of 30% to make a general offer for the Company) will apply. Nevertheless, the approval that would be sought in such an instance (as described earlier) will give shareholders a chance to vote on such an event. The Board hopes that should a refinancing be successful, trading in the Company's shares on AIM will recommence. A further announcement will be made in due course. FOR ENQUIRIES: ZTC Telecommunications plc Mark Syropoulo, Finance Director +86 21 6867 0012 Frank Lewis, Chairman +44 7785 273 111 Fairfax I.S. PLC Nominated Adviser & Broker Adam Hart/Laura Littley +44 20 7598 5368 This information is provided by RNS The company news service from the London Stock Exchange |
Posted at 25/4/2008 07:40 by papalpower A lot of the depression hanging over Chinese stocks is the fear that inflation is going to severely hurt corporate profits going forward. Increased costs and mounting wage pressure, along with falling exports and a reduction in consumer spending is all worries that is forcing the Chinese stock markets to collapse (the bubbles and well burst now).Obviously this massive increase in inflation and all its worries going forward is going to depress most other China stocks too, not just the ones listed in China and suffering a collapse in their SP's. China struggling to control rapid inflation Last month's 8.3 percent increase in consumer prices threatens to cripple the country's mostly poor population. By Joe McDonald Associated Press BEIJING - China issued more gloomy inflation news yesterday, saying prices of farm goods jumped 25.5 percent in the first quarter and housing costs rose 11 percent in March despite efforts to dampen price rises that are battering ordinary Chinese. Communist leaders, worried about a possible public backlash, are trying to ease food shortages blamed for the price spike that began in mid-2007. But winter storms disrupted that effort, and analysts expect inflation to stay high as late as May. Retail consumer prices rose 8.3 percent in March, a slight decline from February's 8.7 percent, the highest rate in nearly 12 years. That was driven by a 21 percent rise in food costs, including a 66.7 percent increase for pork, the country's staple meat. In its latest move, the government said it would pay subsidies to encourage egg farmers to increase output in order to avert possible shortages that could push up prices, the official Xinhua News Agency reported. The country's main planning agency, the National Development and Reform Commission, announced yesterday that housing prices in 70 cities rose 11 percent in March compared with the same month last year. That was despite government efforts to discourage speculation and push developers to create more housing for low-income families. The rise in wholesale farm prices was driven by a 62.1 percent jump in the cost of pork and 36.5 percent jump for beans over the same period last year, the National Bureau of Statistics reported. The figures represent the price of goods as they leave the farm for sale to food processors or in farmers' markets. The government has made a priority of reining in inflation, which is hitting China's poor majority hard in a society where families spend up to half their incomes on food. Demonstrations followed bouts of high inflation in the 1980s and '90s. Beijing has imposed controls on retail prices of many food items and is trying to bring down wholesale costs by encouraging farmers to produce more pork and grain. But rising costs to food processors and retailers is creating increased pressure to pass on the burden to consumers. Two major dairies were given permission last month to raise prices, and the government says it will consider appeals from other suppliers. |
Posted at 10/4/2008 12:14 by lonrho ppyou seem to assume that chinese companies will not be able to pass on cost price increases in the local market,that may be true in regulated areas,for instance haike re petroleum,but is it true in regards say telecoms or cement manufacturing for example. |
Posted at 10/4/2008 11:12 by teifi Pp, following this one with interest. Any idea on the timescale for funding? I see there was a piece in Shares magazine as one to watch at this price. |
Posted at 10/4/2008 01:58 by papalpower For some clarity on the GBP / CNY exchange rate and movements, 5 year chart added to the header.There are numerous reasons the CNY is appreciating, although the reasons are not due to a "wonderful Chinese economy". Inflation is rampant, and so interest rates will need to keep going up, and so the CNY keeps rising. As the CNY rises, all of China's exports to the world get more expensive, those buying goods from China are now paying more, and so China is now exporting inflation by its rising Yuan. If you have only 1 baker who bakes all the bread, and he raises his price, then that raise is passed on to everyone who buys anything from that single baker. This causes factories to move manufacturing out of China. On top of this China has introduced new labour laws from 1st Jan 2008, which have greatly increased wage costs, which adds to inflationary pressure. The Yuan is rising, but not on the back of a good story, its rising on one which is very gloomy for the outlook. Its still not reached 5 year high levels, but while on the one hand it might for the sake of a London listing improve EPS in sterling terms (which means jack sh*t to the business model as costs are in CNY), the downside is the rising costs at home in CNY terms.......which will be the concern moving forward, after everyone has had a little "wow its raised sterling EPS" in the short term, the mid to long term is hit by the curve ball of the rising costs hitting home........... IMV, beware of people "hyping" the short term effects of the rising Yuan, the fundamentals of its rise will hit many of these companies with significantly rising costs at home in the mid term. Short term traders......hyping the normal April rally, before it all gets "sold in May" imo. |
Posted at 05/4/2008 02:14 by papalpower General China stuff.These from the official mouthpieces of the Communist Party, so should be taken as "official". I do wonder if some people in the West have forgotten just how damaging inflation is.......and how long it stays with you.....and how hard it is to fight it........ ICBC says China inflation rate to hit 8% in Q1 April 04, 2008 The Industrial and Commercial Bank of China (ICBC) is forecasting an 8 percent increase in the country's Consumer Price Index (CPI) for the first quarter of 2008. The official government figures come out in mid-April. The bank said in a report issued on Thursday that the CPI would hit 8.2 percent in March, sl.................. ++++++++++++++++++++ Statistician: China risking overall inflation By Tu Lei (chinadaily.com.cn) Updated: 2008-04-03 15:47 China faces overheating of its fast-growing economy, as price rises could turn into overall inflation from core inflation, said Xie Fuzhan, lead economist with the National Bureau of Statistics. To tape the inflation, Xie said, the government should strictly curb investments and proje............... &&&&&&&&&&&&&&&&&&&& This from CNN on the Yuan : Worth a read : Rising yuan crunches outsourcers' bottom line China's currency is hitting record highs against the U.S. dollar - a problem for apparel companies and others that rely on low-cost Chinese manufacturing. Last Updated: April 3, 2008: 11:03 AM EDT (FORTUNE Small Business) -- The Chinese yuan reached a record high against the dollar last week, the latest in a series of sharp rises that are changin............. |
Posted at 26/3/2008 07:30 by papalpower Interims out.Caution in the outlook, still looking for funding for working cap imo, placing coming ? . "Outlook ZTC experienced a positive first half year to 31 December 2007. However, the severe winter conditions in China during the early part of 2008 impacted both sales and distribution of handsets in the run-up to the important Chinese New Year holiday. I am pleased to report that, following this disruption, we are now seeing a return to normal trading conditions with sales running at anticipated levels. We have signed our largest distribution agreement so far and, provided we can support the increased levels of working capital required, we are confident that ZTC will continue to be well positioned to take advantage of this growth. While we remain aware of the risks of increasing competition in local markets, the continued acceptance of our recent product launches gives the Board optimism for the full year." |
Posted at 14/11/2007 18:08 by blank frank ZTC announcement today of a new product launch; share price up 0.5p to 13.75p.14/11/2007 07:03 RNSNON New Product Launch LSE:ZTC Ztc Telecoms Plc This follows the two such announcements in August. 31/08/2007 07:03 RNSNON New Product Release LSE:ZTC Ztc Telecoms Plc 13/08/2007 07:02 RNSNON New Mobile Handset Launched LSE:ZTC Ztc Telecoms Plc |
Posted at 13/11/2007 18:04 by blank frank ZTC ZTC TELECOMMUNICATIONS PLC ORD 10PAs at 13-Nov-2007 17:46:37 13.250 -2.00 -13.11% Bid Offer Volume High Low Last Close 12.50 14.00 195,493 13.50 12.00 13.25 on 13-Nov-2007 Last 5 trades Time/Date Price Volume Trade value Type 16:18:47 13-Nov-2007 13.25 7,547 999.98 Ordinary Trade 16:08:44 13-Nov-2007 13.25 20,000 2,650.00 Ordinary Trade 14:35:26 13-Nov-2007 12.00 30,000 3,600.00 Ordinary Trade 14:02:53 13-Nov-2007 13.50 50,000 6,750.00 Ordinary Trade - Delayed 14:02:00 13-Nov-2007 12.50 75,000 9,375.00 Ordinary Trade - Delayed ZTC's final results later than expected, combined with a falling share price, may not be a good sign. But then again, it doesn't necessarily mean that anything's wrong. It was over five months ago that ZTC said it expected to anounce the results in October, which is plenty of time for some innocent slippage; and I believe that under AIM rules they have until the end of December to announce them. In addition, stockmarkets have been weak recently, and with an illiquid share like ZTC it may not take much selling to depress the price quite a bit. With a market cap. of c. £12.4M., could it perhaps be a bargain? B.F. |
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