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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Dji Holdings | DJI | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 134.50 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 134.50 | 134.50 |
| Top Posts |
|---|
Posted at 26/11/2024 15:15 by adejuk apart from co's i know really well as a long term income driven investor i keep a close eye on techsthe dow, as buffet has said, is way overvalued and his opinion will suffer a sharp fall in the not too distant and that has nothing to do with my hatred of the usa - well, almost nothing. |
Posted at 06/10/2016 09:30 by genises Christmas will be interestingBy then the meat will be on the bone and growth will continue upwards. The lottery as a added bonus will be reinstated and our joint company will be one of the few chosen distributors. Listing on the USA market will be very near. In the mean time with the shares already listed in London and the intentions of listing being brought to investors in the USA.I can see some investors jumping on board before IPo. Case of sit back top up on the falls and wait for future news,which will start very soon. dyor amazing what you can find on the internet if you dig. Happy to sit back and wait. |
Posted at 04/10/2016 20:47 by vegpatch Not sure why everyone is getting into a frenzy re the NASDAQ listing. 1) it'll be a US broker eg GS, Jeffries, Citi etc. So what? 2) why does everyone say this will mean the shares are "fungible at £2.50 or £3.00"...if you know that definitely then its inside info and you are going to jail. If you dont then its guesswork. I Can tell you also that as the roadshow hasnt started the US brokers wont know the demand so no valuation has yet been put on this from US institutional investors. As an aside, how do you do a comparative valuation against other companies when you havent proved the business model yet? In my books it would need to be at a serious discount to existing quoted US companies operating in this space.Also those US PMs will be reading websites like this to glean more info from the UK investor base that knows this company. What will they learn? Comments like "China smartphone market is forecast to increase from 785m users in 2015 to nearly 1bn in 2017 and highligthed that mobile payment transactions in the country doubled last year to $235bn (£177bn)." Actually management said that, so what ground breaking info has been posted on this site as to the business model? Not a lot. I have asked the question before but got no answers - who has actually got a chinese contact to transact on the Xinhuatong App? Does it work? Is it any good? The answers to that are much more important than citing that the Chinese mobile payments market is going to be big. Imagine if i said buy Nokia shares because the chinese mobile market would be huge. You would all say "ah but their phones are terrible, no one in their right mind buys one". So just bcause the mobile payments space is big and BNN / DJI has signed up with Xinhuatong, are people going to use it ? I have no idea. It SHOULD be huge, but please someone do some good investigative work. Also someone said words to the effect that the institutional investors would have vetted the contracts. No they wouldnt. That is considered sensitive info, so management would have given an outline during meetings (if they were speaking the truth) but I guarantee you the institutional investors would never have seen the actual contracts. Sorry to cast a dampener but if you really are holding for the long term then you should wait and see the revenues and profits. Before then though, if I had as big a position as some of you are claiming I would be doing a bit more homework than at present. Good luck. I have no position either way at the moment FWIW |
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 26/9/2016 16:54 by snowyflake charlesdarcy - there can be little credibility attached to a person who is ramping DJI as a buy and is a self proclaimed investor and bull of the company one minute and who in the next minute is a raving bear of the company and shrieking for all other investors to sell. There has been no worthwhile reason attached by her for this turnaround.Therefore do not expect too much by way of an explanation from her save wild guesses. As far as the future is concerned, this is a speculative stock and it would be wise to recognise that. Having said that if all goes according to plan and if the board do not foul up there is plenty to invest for. I said my bit earlier about what I regard as an appallingly scripted RNS released on Thursday. It certainly gave me the jitters and was in stark contrast to the RNSs released earlier in the year which were professionally written and easy to follow. Enough of that. We have H1 results due the 30th of this month. On the 7th October there is a General Meeting to pass the resolution to change the name of the company. It was mooted by Michael Walters amongst others that there would be 2 to 3 announcements of deals, one of which was significant. We may have had one; there may be two more to follow. The company have made it clear that following the meeting on 7th October the process to list on Nasdaq will formally begin (whatever Topaz says). I expect that the name of the US sponsor will be announced in the short term. There is a "typical" timescale laid down by Nasdaq for processing the application although my understanding is that it can take longer or shorter. The detail is on the web and easy to find. I do not think that the company will list earlier than December but that is not the end of the world; the process could go over until January. However it is better that the board and its advisers get it right and do not botch it. I know that £5 a share has been floated by some posters but I personally think that it would be nice to see the company list at $4 per share which is currently just over £3. Do remember that the company is making a request to AIM to reclassify its listing on AIM. If the shares list on Nasdaq at $4 the shares will in any event be fungible. We could see a demand for the stock and further the London price should reflect the US price. £3 a share in London would value the company in London at £620 million. However much will depend on the forecast earnings of the company. More will be gleaned from the prospectus. Take a look at the valuation of 500.com which is a Nasdaq listed company which only relies (so far as I am aware) on the Chinese online lottery. DJI is no longer reliant on the Chinese lottery - it is a different company. If you are interested in Michael Walter's views it is a subscriber site (costs £75 pa). I would not breach copyright; not would I expect other subscribers to do so. This like all other stock market companies means DYOR. |
Posted at 26/9/2016 09:34 by snowyflake It is a great shame that after the informative RNSs of 22nd and 30th March and especially that of 21st April (the Xinhuatong and Xinhua New Net agreement) and subsequent announcements such as the results and the AGM statement, all of which I could understand and gave me confidence that I had invested in a company whose market cap could grow exponentially, we are out of the blue saddled with Thursday's RNS whose contents left me doubting what the hell I had invested in.It was only when I had spent an awful amount of time researching background on Friday and over the weekend that I began to get some of my earlier confidence back. I think that many of my reactions have been shared with other posters who themselves appear to be showing doubt and looking to the likes of Michael Walters to shed some light on what the RNS was all about. From the board failing to even explain that BNN was simply Beijing New Net, to talking about a mission statement which was in my view totally unnecessary (the males among us may have cynically been thinking of something else)to leaving me wondering whether the contents of those earlier RNSs were still live or had disappeared into the ether of some mobile phone charging app, the drafting of the RNS was not just appalling but could have been drafted by some boffin who could not advise the reader that white is in fact white and black is in fact black. Goodness knows what the institutions thought of it but for the average private investors lie me (and boards often forget that retail shareholders are driven by sentiment)it was so woolly, did not properly tell the story that it was supposed to tell and left me seriously wondering whether those at the top table knew what they were on about. I have settled down now and have my holding but I have to say that I almost sold my entire shareholding, a sentiment which I doubt that the board intended for me and my fellow private investors to employ. Perhaps after all it was a change of the public relations company IHA Consulting to the highfalutin Brunswick; that I do not know not being in that area of business. I really hope that this own goal is not repeated by the board and that we as shareholders are given clarity in all future RNSs. |
Posted at 25/9/2016 09:55 by dlm2602 I have a significant holding in DJI thanks to Mike Walters and intend to hold on for the very long term. However a rights issue must be inevitable at the Nasdaq listing mustn't it? If it wants to list its shares on that exchange, it must make some available for the new investors who trade there. Admittedly, some may transfer from the AIM market to the Nasdaq and vice versa if a price arbitrage is possible but there has to be sufficient liquidity in the shares in the Nasdaq listing to start with or the big investors won't be interested. |
Posted at 08/9/2016 07:33 by topazfrenzy Following on from yesterday, Connor put a link to this article below, which is very interesting and shows how competitive that market for mobile payments in China actually is so I would strongly advise caution in regards to all forecasts now issued by the company and its brokers. Sorry to be somewhat of a party pooper but learning caution always ends up making one money by avoiding the pitfalls of 'love'. Many will have profits at this stage and the worst thing is for them to disappear suddenly when the company fails to deliver. I am also wondering whether the Nasdaq listing is going to happen soon, if ever, it was promised last year and even before, with more 'certainty' recently, however it could be that US investors are not interested after all with the competition of Alipay and Tencent out there and only a 3 year contract with Xinhua. Lots of things to consider. One of the last Institutaional Investors too, if you look at the details, is only in for 3 to 6 months, so a quick buck outfit, does one want to be there when they pull the plug, and does the CEO have any affiliations with the people there, lots of unanswered questions I am afraid so I am sounding the alarm. Of course I could be just panicking after all the Connor stuff I read on twitter... GLAHere's the article: hxxp://www.wsj.com/a |
Posted at 03/9/2016 09:57 by genises Looks as if we will see three types of investors over the next few weeks.The day trader,must be on their radar as the shares have gone up every day for the past 7 days The long term investor who sees the potential of huge gains in the long term The USA investor buying before listing on the USA stock market We may see the scenario of large increase in the morning in the first hour Settling down until 14:00 followed by the USA investors and general investor. And at the end of the day last hour the day traders baling out. Of course not to forget the large investment companies who will know doubt what this company in its pofolio once more confirmed news comes out on its potential earnings over the next three weeks |
Posted at 03/8/2016 08:12 by squiresquire AYESHAActually we do have quite a lot to do with these matters as you put it. xinhua news agency ran this two days ago.... China will not tolerate “unwanted accusations” about its investments in Britain, a country that cannot risk driving away other Chinese investors as it looks for post-Brexit trade deals, China’s official Xinhua news agency said on Monday. Xinhua, in an English-language commentary, said China understood and respected Britain’s requirement for more time to think about the deal. “However, what China cannot understand is the ‘suspicious approach’ that comes from nowhere to Chinese investment in making the postponement,” it said. Xinhua said people might think Britain was trying to erect a wall of protectionism. This “will surely stain its credibility as an open economy and might deter possible investors from China and other parts of the world in the future,” it added. “China can wait for a rational British government to make responsible decisions, but can not tolerate any unwanted accusation against its sincere and benign willingness for win-win cooperation.” the point is that much though you may say otherwise, xinhua is the same official newspaper that the government of China talks to its citizens through. they get the hump over Hinkley, and they clearly are not happy with it, then the same newspaper that gives out Chinese official positions, may well decide its not the proper thing to get to cosy with DJI. Why the current delays to DJI,? Originally we thought that news would be due in June, then July. Now its August or actually closer to September. Autumn in other words. Why this delay? |
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