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| Dji Holdings | DJI | London | Ordinary Share |
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| 0.00 | 0.00% | 134.50 | 00:00:00 |
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| 134.50 | 134.50 |
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Posted at 07/10/2016 12:45 by perfect choice RNS as expected, welcome to BNN Technology:RNS Number : 0224M DJI Holdings PLC 07 October 2016 7 October 2016 DJI Holdings plc Result of General Meeting and Name Change DJI Holdings plc (AIM: DJI, "the Company", "DJI"), a Chinese technology, content and services company, announces that the resolution proposed at the general meeting of the Company held earlier today, as set out in the notice dated 22 September 2016, was duly approved by shareholders. Accordingly, the Company is pleased to confirm that the change of its name to BNN Technology plc will become effective, and trading in the Company's shares on AIM under this name will commence, at 8:00 a.m. on 10 October 2016. From this time, the Company's new London Stock Exchange TIDM will be BNN and its ISIN will remain as GB00BNBNSF91. In addition, the Company's new website address will be www.bnntechnology.co |
Posted at 28/9/2016 18:44 by toyin This was on Seeking AlphaSorry for the length of post but thought it may be of interest. All the best Summary Meeting with management of DJI Holdings gives insights into its partnership with and shareholding in state-owned media giant Xinhua's mobile app developer, Xinhuatong. Xinhua's mobile app aims to reach out to the new frontier of China's mobile internet - newly connected rural areas. Nasdaq listing still firmly in company's sights, but unlikely until early 2017. Announced name change to BNN is reflection of changes in Chinese business already underway rather than anything very new. I last gave an update about DJI Holdings (Private:DJIH) (DJI.L on the London Stock Exchange) around a month ago. In the two weeks after my briefing the share price shot up over 60% on strong volumes. As impressively, it has stayed up. I believe this stock is going for another good run before the end of the year. Even from these newly elevated levels, it could also be a star performer through 2017. DJI is now trading on a market cap of £308m ($401m) and has recently often been turning over around $2m a day equivalent. From a largely retail stock a few months ago, the company now boasts an impressive blue chip share register, with the likes of Fidelity, Capital, Henderson and Deutsche Bank featuring as new major shareholders. Such investors have poured in around £50m ($65m) from new equity placements into the company in the last few months. Yet DJI, which is in the business of mass-data processing in China, has a lousy track record and no revenue. So what's going on? A rather inscrutable set of announcements last Thursday (which had to include denying a leak) didn't help. Following this announcement I managed to meet, for the first time, the CEO Darren Mercer and the new CFO, Scott Kennedy to find out what is behind one of London's hottest stocks, and one that is to IPO on Nasdaq soon. The company has hired Brunswick, the expensive global PR firm, to give it a corporate makeover. They haven't got off to a good start. They announced that DJI Holdings will change its name next month to BNN Technology to give it a more Chinese identity (go figure?), and formally announced a convoluted new corporate "Mission Statement" (does anyone ever read them?) that talked a lot about improving life for Chinese citizens, but forgot to mention making money for shareholders. Also in the announcement was an apparently minor deal to enmesh DJI with a Chinese company called Xinhuatong, and an application for a something called a National Payments Processing license in China. The shares fell about 10%. What in this announcement really mattered? The seemingly innocuous deal with Xinhuatong. This is about to propel DJI into one of China's great new land grabs of the next decade, the vast new frontier of mobile internet in rural China. China is going smartphone mad, and the lucrative payments business is so far dominated by two players AliPay (controlled by Alibaba's Jack Ma) and TenPay, part of a big Chinese internet group called TenCent. As with everything in China, the numbers are mind-boggling. AliPay already has 400m registered users. By comparison, PayPal, globally, only has 188m users. AliPay already has an 70% share of China's mobile payment market, which is estimated be a US$235bn annual industry. Yet mobile network coverage in China is so far confined to very large cities. This is about to change. The Chinese government has made it a priority to shift economic development to its huge rural hinterlands, which have been left behind by the economic boom. Yet rural China contains half of its 1.4bn population. The new Five Year Plan, just released, has declared that the construction of the country's 4G network is to be rapidly accelerated. This is a massive project. So much so, that within four years it is intended that 85% of the entire population will have 4G coverage. All towns and administrative villages will be covered AND they will all have access to free government wifi. You can buy a smartphone for $30 in China. Think about it. This means that within about the next three years, a population larger than that of the United States, which has never even had fixed internet connectivity before, will potentially have a 4G smart phone in their hands. That is quite a frontier. It's called the "Race for Rural" in China. And who is going win this hugely lucrative market for mobile payments, apps and all sorts of other mobile services? Well the Chinese Government has decided it wants to get in on the action. The government has tasked this job to the sprawling and giant state media company, Xinhua (OTCPK:XHUA) (pronounced "shin-wah"). Xinhua indirectly controls almost every television station and newspaper in China, and has offices in even the smallest of towns across rural China. Yet in the new world of smartphones Xinhua has been left behind. The state media entity has now decided to join the mobile internet race especially as this is now part of government rural policy. It has launched a government Xinhua phone app, but the app is really more like a portal. Within this Xinhua portal will the whole gamut of mobile services (or "sub apps") that you would normally find spread across your phone home pages. You press the app, and that opens up a whole box of other Xinhua-branded apps, probably services such as insurance, on-line loans, personal credit ratings, bookings, etc, like a little Xinhua online department store. There will be other services, most obviously games, sports, news etc to attract and keep users. This new Xinhua app is rolling out fast. It already has over 150m users and targets to hit 300m users by the end of next year (about the same as Twitter or Sykpe globally). Thereafter it has the potential to be one of the biggest apps in the world. So which hitherto unknown company is Xinhua using to create this bold move onto mobile internet? The answer is Xinhuatong, and DJI is the exclusive technology partner to Xinhuatong. It is already providing payment services, from which it takes a turn. As importantly, it gives DJI a seat at the table as Xinhua and Xinhuatong map out their mobile internet strategy. Between now and Christmas there will be a series of other announcements relating to new services to drop into Xinhua's mobil internet department store. I don't know what these specially are, and haven't asked, although there has been some speculation around the market. DJI has around $60m which it is busy spending to set up a series of JVs in China, which will be announced one by one. There are also fairly obvious other areas for revenue generation such as data mining/sales and advertising. But we will have to wait and see what comes through. It is important to understand the value of the Xinhua name in China. If, like me, you are over 40 years old, do you remember the first time you ever made a payment over the internet? It was a bit scary. You typed in your credit card details (which you assumed would probably get stolen), pressed "Enter" and wondered why anyone would bother sending you anything in return, now that they already had your money. It is an experience that is going to be repeated tens of millions of times across rural China in the next few years. For new rural internet users to feel safe with their payments, Xinhua, the official government news agency, is the most trusted brand there is (like the BBC, here in the UK). Unlike the two Chinese e-payments giants, it has 2,800 physical offices throughout China, so it quickly sign up e-payment deals with local utilities and the like. And processing all these transactions for a fee will be DJI. Further, the National Processing Payments license, referred to in Thursday's announcement, will allow DJI to take much fatter margins on each payment, as it can operate on the same terms as a credit card company. DJI will not only be handling the back end, but will also be building front end mobile internet businesses, including content, for Xinhuatong as well. It ought to be the a relatively easy business; find the app ideas that have worked best in the West, source a strong local or international JV partner, put the Xinhua brand on it, and insert it into Xinhua smartphone portal. As investors understand this path forward, they are pouring into this stock in London with a market cap of just $420m. Compare that to AliPay, via its parent AntFinancial, which is expected to list in Shanghai soon for perhaps $150bn. The new name BNN, I discovered, stands for Beijing New Net, which is DJI's operating company in China. The new name will be launched, along with a zippy new web site, next month. Expect the stock ticker to change from October 10, and will probably be "BNN". All this new re-branding work has pushed back the Nasdaq listing. The submission will go in after the name change next month, but there may also be delays as any subsequent new business announcements will then have to be incorporated into the prospectus. I am told the Nasdaq listing is now likely early in the new year. While this should help to re-rerate the stock, as fresh US investors will bring better understanding and higher multiples, the Aim listing has surprised me in the way it has carried the stock upwards and much bigger volumes. So where is the share price going? The company believes it can achieve the revenue forecast of £85m for 2017, put out by the company's broker Mirabaud. and £27.8m profits, or EPS of 13.4p, which puts the stock on a distinctively un-racy prospective PER of 11.4x. This should certainly support the current share price on Aim given that this is a growth stock, and would point to a valuation of perhaps twice this on Nasdaq, say about £3 per share. The stock enjoys a buzz in London, and has also become a bit of trading stock. This is great for liquidity and provides buying support on any dips. We will have to wait for details of new business deals announced in the next few weeks and months. I am told Mirabeau will be putting out an updated set of forecasts. The company believes the national payments processing license should be granted in due course and boost payments margins substantially. Based on all this, a successful Nasdaq listing, and assuming the markets hold up generally, I would hazard at a share price of around £3.50 by the end of the 1Q17. I don't want to forecast beyond that, before we know more details of how this business is going to unfold. To date, the CEO Darren Mercer, has done an astonishing job in turning around a moribund venture, and re-positioning it smack in the middle of China's internet sweet-spot. If he pulls this off, he will have succeeded where many of America's greatest tech companies have recently failed, by building a major Chinese app. Next spring will probably mark an end to the stage where the stock's pricing is all about big announcements, and the Nasdaq listing. Legacy shareholders will probably be taking profit as new US investors take up the running in the stock. In 2017 the story for DJI is going to be all about revenue and delivery. The company will need to ensure it books revenue as forecast, and lives up to the substantial general expectations it has built up for itself. The roll-out of 4G and free wifi to rural China is a massive story, and DJI Is the only way to play it in listed equities right now. However, the company will need some decent on-going brokerage research to knit together the various detailed announcements so investors can see the whole story. The company is planning to beef up its board. New high-profile directors are important to the company at this stage, especially those prepared to get involved rather than just take a fee. The promised announcement of a strong US broker is also important. The company is starting to get a reputation for missing its own deadlines. I like the new CFO, Scott Kennedy, he is a clear thinker. He has a strong CV and is especially experienced in handling complex businesses. Among other things he was Global Head of Business Information, Planning and Analysis at HSBC (aged just 32). He also has good recent experience running a Nasdaq listing when he was FD of Willis Towers Watson (NASDAQ:WLTW), which has revenues over $8 billion. During my 3 hour meeting I saw good chemistry between him and Darren Mercer. That's going to be useful, because they have a lot of work ahead of them. I hold the stock (DJI.L on the London Stock Exchange), and all price-sensitive information is based on announcements in the public domain. Disclosure: I am/we are long DJIH. |
Posted at 23/9/2016 09:23 by benwhite181 Ayesha and AllI would like to clear up my connection to a number rumours that seem to be circulating on this bulletin board. I can confirm that I was in fact the interim FD of DJI during the period from 2010 to 2012 and that I have a significant shareholding in DJI. I can also confirm that I have an accountancy practice with offices in Manchester and London, called White & Company.I am a strong supporter of DJI and I am excited about its prospects. I am not though involved in leaking information or spreading rumours. In fact I am a very private person and don't usually get involved in bulletin boards.With regard to your post at 9.35 this morning, Ayesha, I hasten to say that this it is completely untrue to report I have said this. Whilst I don't know more than anybody else outside of the Company on this particular subject, my personal expectation is that the NASDAQ listing should be completed before the end of this year, and I would hope that it's listing approval will be granted within the 30-day review period following the submission of its application, which in turn I would hope is made soon after the General Meeting on 7th October. It is very important to note though that this is simply my own personal view and also that timescales have a habit of elongating.I hope that this helps to clarify matters surrounding my personal views and my previous involvement in the Company.Best of luck and fortune to everyone involved and invested in DJI. |
Posted at 22/9/2016 07:52 by dafad 2nd rns this amADVFN PLC 22/09/2016 08:49:45 support@advfn.com+44 (0) 207 0700 Today : Thursday 22 September 2016 Click Here for more Dji Holdings Charts. TIDMDJI RNS Number : 5318K DJI Holdings PLC 22 September 2016 22 September 2016 DJI Holdings plc ("DJI" or the "Company") STATEMENT RE MARKET SPECULATION DJI Holdings plc notes the speculation regarding a number of possible future developments circulating on the internet. As the Company has set out in its announcement this morning, the Company is pursuing a number of opportunities for new contracts in China and is also intending to strengthen its board . However, these matters remain at a formative stage, there can be no certainty that any of the commercial discussions currently under consideration will proceed (other than those announced earlier this morning) and at this stage the Board has not yet finalised a short-list of suitable of candidates it wishes to join the Company. In line with its obligations under the AIM Rules, the Company will notify the market if and when agreements are reached or appointments are made. ENDS For further information, please contact: DJI Holdings plc +44 (0) 1565 872990 Darren Mercer, Chief Executive Officer Scott Kennedy, Chief Financial Officer Stephen Benzikie, Communications Brunswick (Public Relations) DJI@brunswickgroup.c Brian Buckley / Diana Vaughton Strand Hanson Limited (Nominated +44 (0) 20 7409 & Financial Adviser) 3494 Andrew Emmott / Ritchie Balmer +44 (0) 20 7878 Mirabaud Securities LLP (Broker) 3362 Peter Krens This information is provided by RNS The company news service from the London Stock Exchange END |
Posted at 22/9/2016 06:15 by dafad New Group Name and RebrandingThe Board believes that the proposed name change to BNN Technology, and rebranding that will follow, reflects the Chinese heritage and identity of the Group, as well as the completion of its transformation from lottery specialist to broad-based technology platform provider, with capabilities in mobile payment facilitation, mobile content and data management. The name change has been timed to take place ahead of the Group's secondary listing on NASDAQ and it will promote a single identity to all of its stakeholders in China, the US, the UK and beyond. A circular has been posted today to Shareholders to convene a general meeting to vote on and, if thought fit, approve the resolution proposing the change of name. The circular will be made available shortly on the Company's website and will provide the necessary information to Shareholders on how they can vote. The general meeting will take place at the offices of Eversheds LLP, One Wood Street, London, EC2V 7WS on 7 October 2016 at 1 p.m. As part of our re-branding, we are launching a new mission statement which is below. We are also launching a new website which is due to be launched by mid-November. New Mission Statement: "Our mission is to enrich the lives of Chinese consumers, by utilising our technology to enable our partners to deliver first class value added services, content and new and evolving opportunities. Alongside our partners we are committed to the betterment of Chinese citizens by delivering practical services, information and social participation programmes. We are at the centre of the Chinese consumer's shift to a cashless society accelerated by mobile adoption. At our core, we are a technology company that processes high volumes of transactions and delivers content. We have diversified our platform to process transactions and deliver content for partners ranging from public utility providers to banks, and online portals. The Chinese consumer shift to 'life on mobile' is only just beginning. We aspire to enrich the lives of Chinese citizens and grow with China and our public and private sector partners by enabling more rural and urban communities across the country to access exclusive content and pay for more services online." NewNet strategic investment in Xinhuatong and Repositioning Beijing NewNet Science & Technology Development Co., Ltd ("NewNet") has agreed to acquire a 10% stake in Xinhuatong Network Co., Ltd. ("Xinhuatong"). Xinhuatong is a software development company and has the exclusive rights for payment processing and other key services on the Xinhua News mobile app. Mr Dong Jinhua, a director of the Company, is also founder and CEO of Xinhuatong. The key elements of the investment comprise: · A RMB 20m cash payment by NewNet (approximately GBP 2.3 million) · The transfer of NewNet's lottery assets, including technology, existing lottery JVs, lottery focused employees and unique content, into Xinhuacai. Xinhuacai is a joint venture between NewNet and Xinhuatong, in which NewNet has a 49% stake and DJI provides technology to the joint venture · DJI will make available to NewNet, Xinhuacai and Xinhuatong its robust and secure technology platform and its sports content resources, including exclusive agreements with leading international football clubs By making this investment and transfer of assets, NewNet, as the business partner and distributor of DJI in China, has significant potential for enhancing long-term shareholder value at DJI: · Xinhuatong is in the process of applying for a national payment processing licence. If successful this gives Xinhuatong, and its partners, greater access to the rapidly growing mobile payments market in China worth USD235bn[1] in 2015, more than double the previous year's figure and expected to see significant growth over the coming years · With DJI providing the technology platform to Xinhuatong through NewNet, it potentially gives the company a foothold in another sizeable part of the Chinese payments value chain · If the licence application is successful, which would not be likely until 2017, as the technology platform provider it will increase DJI's share of wallet in a bigger and higher margin part of the payments market. It is expected that it would also multiply the commission received on any new future payment services · In addition, Xinhuatong has strong commercial relationships in further consumer-facing service sectors attractive to DJI's technology, not least the retail insurance industry Furthermore, it is hoped that NewNet's transfer of assets into Xinhuacai will enable the enlarged Xinhuacai to be better positioned in the lottery market as it awaits new regulation and seeks new opportunities. DJI, as the technology, sports content and game content provider to both NewNet and Xinhuacai, should therefore see greater long term prospects out of NewNet's investment. NASDAQ Update Our intention was to complete the NASDAQ listing by the end of this quarter, however due to the changes in the Groups business model in 2016 we have delayed making the application until the pivot to a technology company was complete. Following a successful shareholder vote on the Group's proposed change of name, DJI will begin its application for the secondary listing on NASDAQ. Two successful submissions are required: one to the NASDAQ exchange and a second, "F-1" application, to the US Securities & Exchange Commission (SEC), with the latter being a detailed prospectus. The Board have the intention to complete the application as quickly as the process will allow, however we will provide ongoing updates as we progress. Importantly, and consistent with the Group's repositioning, we will be seeking a new industry classification on AIM and in due course NASDAQ, which will place us among a high growth peer group of companies. Industry classifications are awarded according to a company's predominant source of revenue. Going forward for the Group, this will be the utilisation of its technology platform in payments, providing mobile content and data services. Board In compliance with US best practice in corporate governance, it is the Directors' intention to strengthen the Group's Board, increasing its number of experienced and commercial non-executive directors. Announcement on Board changes will be made in due course. Appointment of Brunswick DJI Holdings is delighted to announce our new corporate relations adviser Brunswick Group. Brunswick is a global firm with 23 offices worldwide and has extensive experience working in the technology and financial services sector, with multi-national clients in China, UK and the US. Interim Results DJI Holdings will announce its unaudited interim results for the six months ended 30 June 2016 on 30 September 2016. ENDS |
Posted at 22/9/2016 06:04 by dafad 2016DJI Holdings plc PROPOSED RE-BRANDING AND STRATEGIC INVESTMENT Repositioning of the Group, reflecting its strategy to become one of the leading mobile technology providers in China · DJI Holdings proposes name change to BNN Technology plc · NewNet, which represents DJI's technology platform and marketing resources in China, has agreed to acquire a 10% stake in its joint venture partner Xinhuatong and transfers its lottery assets into the Xinhuacai joint venture · Investment in Xinhuatong by NewNet offers DJI potential involvement in both the sizeable and lucrative payment processing industry in China, through its exclusive technology provider relationship, and other high growth sectors it operates in · Rebrand and repositioning intended to reflect the Group's Chinese identity and cultural heritage and the Group's evolution into a technology provider in large high growth markets in China; timed to take place ahead of secondary listing on Nasdaq · Nasdaq application to follow shortly after name change takes affect · Intention for company industry classification to be re-classified with higher growth peer group on Nasdaq and AIM DJI Holdings plc (AIM: DJI, "the Group", "DJI"), the Chinese technology, content and services provider, is pleased to announce a proposed rebranding and change of name to BNN Technology plc. The Group will seek shareholder consent for the change at a general meeting that will take place on 7 October 2016. The proposed change in name reflects the broader changes this year in the Group, which has seen DJI Holdings diversify its model to become a dynamic technology platform provider that can facilitate mobile payments, deliver mobile content and provide data management to consumers throughout China, while preparing for a dual-listing on Nasdaq. In addition, NewNet is making a cash and asset investment to acquire a 10% shareholding in its important trading partner Xinhuatong, the exclusive provider of mobile payments, information and other key services to the Xinhua News Mobile App owned by China's national news agency. NewNet will transfer its lottery assets into its Xinhuacai joint venture with Xinhuatong. DJI, as the technology platform provider to NewNet, is expected to benefit from enhanced revenues and profits as a result of NewNet's stronger partnership with Xinhuatong. Darren Mercer, Chief Executive of DJI Holdings, said: "Now is the right time to begin building a new brand, with the BNN Technology name, as we broaden from lottery specialist to payment fulfilment, content-delivery, data management and value-added services on mobile internet. We believe completing the pivot to a technology company will add substantial shareholder value as we enter high growth, multi-billion dollar markets in China. "We are also tremendously excited about the opportunity to deepen our relationship with Xinhuatong through NewNet. NewNet's investment further secures a long term partnership in which we are one of the leading technology providers to the company, allowing us to benefit from its strong commercial relationships in major industries such as insurance and other key financial services markets. "Xinhuatong has the exclusive rights to provide payment processing facilities within the Xinhua News Mobile App and is in the process of applying for a national payment processing licence. Upon a successful application, the benefits to our company will be significant, not only in allowing us to participate in one of China's largest industries, but also to substantially increase the net margin across our platform. I am therefore increasingly excited about both the future additional revenues and profits that our new relationship with Xinhuatong through NewNet will bring to the Group. "The Board is hopeful that this repositioning of the Group will help us attain a new industry classification on AIM and in due course on NASDAQ which will reflect our future revenue streams and better positions the Company in a sector with similar high growth technology companies." Mr Dong Jinhua, Founder and Chief Executive of Xinhuatong, said: "We are delighted to be strengthening and deepening our very important relationship with NewNet, which has been very successful to date. We look forward to extending our partnership with all parties as we work together to capitalise on several exciting opportunities in some of China's fastest growing industries, supported by our plans to develop one of the country's largest data platforms." |
Posted at 09/9/2016 08:01 by the prophet topazfrenzyyou're having a laugh, if DJI are mentioned in the same breath as Alipay and Tencent then I'm very happy. This was your post, what, 4 days ago: DJI Holdings - DJI topazfrenzy - 05 Sep 2016 - 18:29:48 - 1230 of 1298 Of course, many of us early birds are delighted with DJI's performance so far, but if it gets to a £2 Billion plus valuation by 2019 then £10 plus share price is on the cards, so still very early going within the bigger picture. This is a strong hold in my book! And now, off the back of some 12 yr old news and a few bits of nothing from someone who, as far as I can see, has got no track record, you've changed your mind! Personally I will stick with these guys views, some quality names here: Darren Mercer 29,191,266 14.1 Fitel Nominees Limited 12,666,697 6.1 Henderson Global Investors 10,562,189 5.1 Fidelity International Ltd 10,051,505 4.9 Capital Research & Management 8,451,000 4.1 Hadron Capital LLP 8,420,000 4.1 Hargreaves Lansdown 5,901,126 2.9 HSBC Private Bank 4,725,759 2.3 North West Business Finance 4,644,850 2.2 Deutsche Bank 2,981,321 1.4 |
Posted at 06/9/2016 20:41 by genises DJI's three most recent announcements of results, new equity funding and director appointments suggest that the momentum of the first half of 2016 could be just the beginning of something much bigger. With the fresh infusion of £29.5m of equity in the bank, CEO Darren Mercer commented in the 2015 Annual Results announcement, "…a number of new material opportunities are being progressed. The Board therefore views the remainder of 2016 and beyond with considerable confidence and excitement."Appointments to the Board and Executive team announced last week show DJI responding to the need to bolster its team in order to rapidly scale up. A key hire was senior CFO Scott Kennedy. Kennedy began his career at GE Capital, moving on to HSBC where he was Global Head of Business Information, Planning and Analysis. He went on to become CFO of Willis Group Holdings (NASDAQ:WLTW), a Nasdaq listed global insurance brokerage with 39,000 employees operating in 120 countries and revenues over $8 billion. Kennedy is clearly experienced in handling complex systems and has experience on Nasdaq. Along with the CFO, two new directors were appointed, Mr Wei Qi, who is the CEO of DJI's operations in China, and Mr Dong Jinhua who is the founder and CEO of Xinhuatong Software Development, DJI's partner in China. In the 30 June 2015 annual results statement, DJI reiterated longstanding plans to list on Nasdaq, targeting 3Q16. With a full year's audited results now public, a very good share of the necessary documentation for a Nasdaq listing should be ready for filing with the SEC. Nasdaq rather than London AIM is the logical place for a listing of a company of this kind. Once it is listed, it will be obliged to be a great deal more communicative with the marketplace on its progress and it will be inevitably compared with the likes of WBAI and BABA. Valuation DJI is currently trading on a market capitalisation of £172m (US$222m). By comparison 500.com, listed on Nasdaq, trades on a market capitalization of US$715m with a much narrower (lottery service provider) business model. Alipay, as part of Ant Finance, which is in the same space, has recently privately raised $3.5bn on a valuation of $60bn. Ant Finance is expected to list in Shanghai this year, a high profile event, probably in the range of US$80-$100bn. Ant Finance is then expected to list in Hong Kong next year. In this context, it is not difficult to envisage DJI as the only listed play in Chinese smartphone e-payments, being valued at a market capitalization of at least $2-3bn. This equates to a London share price of £8-£12 (vs its current share price of around £1). The forward growth story suggests valuations that will considerably larger. I understand that DJI is currently submitting its application to the SEC for the Nasdaq listing. Obviously the listing is dependent upon that application procedure, and I certainly don't want to pre-empt the decision of US regulators. In any event, given that the company is already listed in London, investors can be secure in being able to trade this increasingly liquid growth story. |
Posted at 01/9/2016 09:14 by squiresquire Today the share price is at 1.43.On the 18.5.16 it was 145. On the 25.9.14 it was 149. On the 12.8.14 it was 155. The price today is on the cusp of a breakout of truly massive proportions if you look at the graph and the fundamentals. DJI are in with the Govt backed xinhua as well as Tencent with billions of dollars poised to go through their payments systems. They are about to join in with the Nasdaq which may require in the process a very large fundraising indeed to cope with the vast amount of traffic they are positioning to deal with. Clearly they have laid emphasis in their own RNS about how valuable their customer knowledge is about to become. Nasdaq will not have missed this opportunity and the backers for DJI entry are going to want a good payback when DJI does join. The rest of DJIs business makes the National Lottery side look small though i suspect many will jump in on a Lottery resumption announcement. This is expected soon according to DJI along with according to them again, the Nasdaq listing. DJIs future looks phenomenal but also very close in time. I understand a few on this thread wont comprehend this as i have not been able to supply a translation in grunts. |
Posted at 22/8/2016 06:13 by dafad Nice start to a Monday morning22 August 2016 DJI Holdings plc ("DJI" or the "Company") Trading update re Xinhuatong partnership DJI Holdings plc (AIM: DJI, "the Group", "DJI"), a provider of technology for the promotion and transaction of online bookings, mobile payments and lottery sales in China, is pleased to provide a trading update regarding the partnership between Beijing NewNet Science & Technology Development Co., Ltd. ("NewNet") and Xinhuatong Network Co., Ltd (Xinhuatong), the exclusive provider of mobile payments, information and other key services to the Xinhua News Mobile App owned by China's national news agency. DJI is exclusively supplying the technology platform to the Xinhuatong partnership to facilitate the promotion of mobile payments and online bookings, including public utility bills, mobile phone top-ups and traffic fines. The Xinhuatong partnership has now signed 10 provinces from the 12 provinces initially targeted, demonstrating further progress from the 7 provinces announced in April. The 10 provinces signed are the largest in terms of population and gross domestic product of the 12 provinces that are initially targeted. The partnership remains on track to sign the remaining 2 target provinces by the end of the year and expects the mobile app to be launched in all 10 signed provinces by the end of September 2016, significantly ahead of earlier expectations to launch in 9 provinces by the end of 2016. This development underpins the confidence of the DJI board in the Xinhuatong partnership making a substantial contribution to revenues in the fourth quarter of this calendar year. The 10 signed provinces account for approximately 70% of nationwide utilities billings, including car fines and mobile top-ups, with billings in the 10 provinces totalling in excess of £400bn annually. In all 12 target provinces, the large sectors of gas, water and electricity payments still collect less than 15% of payments online. In addition, the Xinhuatong venture has reached agreement with a number of new channel partners, all of whom are major Chinese organisations, to develop substantial new revenue streams based on DJI's robust and secure technology platform. These agreements are expected to launch in September 2016 and will begin to contribute to revenues shortly thereafter, as well as offering access to each of the partners' large and established user bases. Amid rapid growth in China for mobile payments and services, DJI is identifying new sectors to address, utilising its robust technology platform and growing user base from which to build diverse and complementary revenue streams. The Directors believe that recent announcements by major Chinese corporations capitalising on this huge opportunity to offer a wide offering of mobile services, such as payments and money transfers to their large user bases, reinforces DJI's strategy to become a significant internet technology portal. Commenting on these new developments, Darren Mercer, Chief Executive Officer of DJI Holdings plc, said: "The Xinhuatong partnership is running ahead of schedule in the largest provinces targeted, while important channel partners are showing great interest in collaborating with our versatile technology platform and in developing content. DJI is excited to be part of China's well documented rapid growth in mobile services and the scale of the opportunity for the group to develop additional revenue streams remains very substantial. Today's update is the first of a number of announcements that the Board expects to make in the coming weeks and we look forward to updating the market again shortly." |
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