Dji Holdings Share Discussion Threads

[sjc] 07/6/2015 12:37

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[sjc] 07/6/2015 12:25

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[sjc] 06/6/2015 18:35

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[sjc] 06/6/2015 18:12

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[sjc] 06/6/2015 15:00

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[sjc] 06/6/2015 14:53

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[sjc] 06/6/2015 14:53

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[sjc] 06/6/2015 14:40

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[sjc] 06/6/2015 14:26

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[sjc] 30/5/2015 13:23

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[monts12] 28/5/2015 17:30

From North Square Blue Oak Limited (a Chinese Broker)

Chinese Economic and Industrial Policy Analysis
25 May 2015
CONSUMER POLICY: MOF REITERATES CRACKDOWN ON ILLEGAL ONLINE LOTTERY SALES

The Ministry of Finance reiterated its efforts to crack down on illegal online lottery sales in 16 regions, particularly the top three revenue-generating regions in the country. The investigations are believed to be due for completion in June, after which point online sales may be restarted after new regulation is clarified.

Stricter regulations released in April requiring that online lottery sales must be officially approved by the Ministry of Civil Affairs, the General Administration of Sport and the Ministry of Finance. It aims to increase oversight of online sales agents, remove illegal sellers and ensure fair use of proceeds by provincial agents.

In November, China announced that it would audit 18 provinces’ lottery funds and then in January MOF required online lottery firms to conduct internal audits on their sales. Inspections of the remaining provinces were believed to start in March, while several online lottery agents also had their sales suspended in March.

Details: The Ministry of Finance on 21 May reiterated the implementation of audits for illegal online lottery sales in 16 regions and provinces including Beijing, Tianjin, Hebei, Inner Mongolia and Xinjiang. The audit will focus on online sales agents and distribution websites, online lottery sales financial accounts and databases, and must be finished before June.

[shutittrev] 28/5/2015 13:46

"Man who go to bed with itchy bum, wake up with smelly finger."
(Anal ects of Confucius)

[quazie12] 28/5/2015 13:46

Happy with major price rise in last few days, 50%. Wonder if someone actually knows something they shouldn't ?

[sjc] 27/5/2015 21:10

Look to buy vol,macd,stoch ??
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[monts12] 27/5/2015 14:09

"With time and patience the mulberry leaf becomes a silk gown."
Analects of Confucius (論語)

[shutittrev] 27/5/2015 11:52

Ban over perhaps?

[sjc] 23/5/2015 17:34

/22/2015 N+1 Singer Boost Price Target Buy GBX 505 -> GBX 550 View Rating Details Tweet This Rating Share This Rating on StockTwits
5/22/2015 Canaccord Genuity Reiterated Rating Buy GBX 540 View Rating Details Tweet This Rating Share This Rating on StockTwits
5/20/2015 Numis Securities Ltd Reiterated Rating Add GBX 550
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[neurolodger] 22/5/2015 10:12

Looks like they are dangling carrot at a distance

[ayesha4] 19/5/2015 16:20

From a friend : 1. The word from my contacts in China is that within the next 2 to 3 weeks there will be a major announcement from the Ministry of Finance in relation to the lifting of the suspension of the online lottery (i.e. within a matter of two or three weeks). 2. A large number of illegal and unauthorised lottery operators in China have been closed down during the course of the suspension. One of the largest illegal operators, based in Guangdong, accounted for more than £40billion of turnover per month through the online lottery. The crack-down by the Chinese Government on the illegal lotteries is removing a significant amount of the competition that DJI has faced; it is widely reported that the illegal lottery/gambling sector is estimated to be more than 10 times the size of the legal lottery sector. 3. The Chinese Government themselves announced a number of weeks ago that they were writing new legislation specifically for the online lottery, whereas previously it has been difficult for authorised operators to promote it effectively due to various uncertainties that existed. 4. Once the suspension of the online lottery is lifted DJI will be left in a very strong position in the market. Not only will much of its competition have been removed, it will also be able to capitalise on the certainty that the new rules bring to the sector, thereby allowing it to sign more B2B and B2B2C partners and to promote the online lottery more effectively. 5. DJI's position in the market will be further strengthened by its partnership with Xinhua (the monopoly news agency in China, which is government owned and operates some of the most visited websites and widely read newspapers / magazines in China). From what I can see and hear, DJI appears to have been working with Xinhua during the period of the suspension of the online lottery to further strengthen its partnership and to further capitalise on it, including from a commercial perspective. 6. It was announced on 15th April that DJI's fully year results for 2014 would be affected by a provision that would be made against any debtors that related to the online lottery. There would also be a provision for some further costs. The announcement explained that the debtor provision was being made as a result of the suspension because of the auditor's uncertainty as to whether the suspension would be lifted in the future. The Company has confirmed that when the suspension is lifted this provision will be reversed which in turn will give a boost to the 2015 results. Assuming that the market intel is correct in relation to the lifting of the lottery suspension, the sell-off in the shares that ensued after the announcement in April would appear to be well over-done. 7. What the investor-market seemed to miss from the announcement is that in what was a year of build-up in 2014, gross sales grew from £22m in 2013 to £642m in 2014. Furthermore, within 2014 the gross sales grew from £134m in the first half to £508m, in the second half. 8. In my opinion the Company's results for the first half of 2015 will be materially adversely affected by the online suspension, which is of course a set-back, however because the rest of the sector has also been affected in the same way and because so much of the competition has been removed market, this should only be a short-term and hopefully one off blip. Providing the suspension is lifted fairly quickly the Company should be able to generate strong results in the second half of 2015. 9. On matters closer to home, my contacts in the City of London tell me that DJI has finally agreed the termination of its contract with its incumbent Nomad and Broker and has agreed to appoint new and separate Nomads and Brokers. I would expect the new Nomad and Broker to perform a significantly better job than what, in my opinion, was an atrocious job performed by Canaccord. From what I can see from the Level2 screens on the stock market Canaccord appear to be shorting DJIs stock at the moment, seemingly suppressing its share price (their offer price is significantly below that of the rest of the market-makers), just to rub-salt into the wounds. It is only possible for Canaccord to do this for a limited period though, so I am not too concerned. 10. It is my understanding that the new Nomad and Broker has visited and scrutinised DJI's operations in China and were overwhelmingly impressed with the setup, market position and prospects over there. 11. My contacts in New York and HK tell me that DJI has continued to progress with its Nasdaq listing throughout the course of the suspension and they are just waiting for the lifting of the suspension before they proceed with the performance of the listing, which I am sure will take a number of months following the receipt of the 'green-light'. 12. I am told by people far more knowledgeable than I that once the suspension of the online lottery is lifted this should trigger a series of positive announcements, along the lines of the following: a. Lifting of the suspension of the online lottery and an explanation of the benefits to DJI of the new rules and the cull of illegal operatorsb. Announcement of the appointment of new Nomad and brokersc. Announcement of the 2014 results, including an outlook for the futured. Announcement to provide an update on the listing on Nasdaqe. Announcement of some improvement and strengthening of the tie-up with Xinhua (I don't know exactly what though)f. Announcement of at least one other valuable commercial/B2B partnership 13. In the meantime, the key risk to the short term performance of the share price is the timing of the announcement of the lifting of the suspension of the online lottery. The large majority of the Chinese lottery sector expects this to be imminent though.

[sjc] 11/5/2015 23:15

TS THURS 14
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[neurolodger] 05/5/2015 07:15

Let us hope Mr Mercer will keep his word!

[sjc] 03/5/2015 14:26

370 14 may
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[sjc] 02/5/2015 16:04

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[neurolodger] 22/4/2015 15:53

Well done Ayesha4 Let us wait and see if it happens next week!

[shutittrev] 22/4/2015 13:29

Good work ayesha4.