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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Jsjs Designs | JSJS | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.825 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.825 | 0.825 |
| Top Posts |
|---|
Posted at 12/3/2014 07:58 by buggy Whoppy,I believe that your statement may actually be the answer: Do management want to take this private because they know the company is onto a good thing?.. I believe that they are preparing the company for a trade sale. Lets not forget Mike Lords background... he is a venture capitalist and needs an exit strategy. They have a business which invests in company's that they feel they could help grow.[ Drol Investments : hxxp://www.drolinves Their intent is not to own the company for ever but to grow the business and exist with profit. [The investment into JSJS is by Drol investment which Mike Lord is the chairman] In Minivator where Mike Lord made his name: they helped a management buy out.. he grew the company and then sold the company out to a larger operator. The 11 Mil shares definitely gets rid of the small investors, the shares will be illiquid so in effect this will be almost like a private company as you can hardly buy or sell. Management will be controlling more than 50% of the company so the shares available to buy or sell limited. We know Mike is good at his job, so I suppose the question is if you want to keep hold of a private company until the exit strategy .. then it is good to keep your shares. But if you think that you will need the money invested here soon or if the flexibility to be able to buy and sell as and when you wish is important to you ... then look elsewhere. This share will be seriously illiquid , 11Mill outstanding shares for an AIM stock is far to low to encourage liquidity especially where management controls over 50% of the outstanding shares. [This extent of consolidation will in effect make the company into a pseudo private company] below is the key mission statement for Drol Investment: Drol Investments was created to fulfil a gap in the SME sector for businesses who are looking for investment, but also support and advice/guidance when developing their businesses Hence somewhere along the line they have to have an exit strategy and the best exist strategy for them with regards to JSJS is a trade sale. Trade sale will be better served if there were only a very small number of shares... anyway that is my interpretation. Nothing has changed with regards to prospect of the company.... what has changed is that you need to be prepared to sit tight until the exit strategy as trading on shares will be difficult with only a small number of shares available. |
Posted at 11/3/2014 21:58 by whoppy neubie2u,I might email ML aswell. I am surprised at the consolidation particularly as ML has invested his own money.. but it could be that this consolidation benefits the BOD more with regard to what they want to do with the company rather than the private investor. 5/1 or 10/1 maybe okay but 50!! is taking the Michael and the explanation doesn't cut it..imo. Appreciate any feedback you get. I'll post something if I get a response. |
Posted at 11/3/2014 21:33 by whoppy Do management want to take this private because they know the company is onto a good thing?..just when it looks like the company is about to start fulfilling the big potential shareholders have been waiting for, the BOD go and pull a stunt that is destroying value day by day. Are they wanting rid of existing shareholders? Their explanation in the circular makes no sense. Surely they are not stupid. What's it all about ML? Will the company stay silent as 10-15% gets wiped off every day until the AGM? Are the BOD happy at the share price reaction? and will they be happy with a post consolidation share price of less than 20p and an illiquid stock that will whither away to less than 10p because management will be sitting on most of the shares with very little volume traded that will enable the market to gauge demand and hence a true valuation, but instead a static boring share price for months on end. Great lesson on how to alienate current shareholders and put off potential new investors..I think I shall be voting NO, not that it will make much difference. And did you see the way the RNS was worded..jeez my grammar is not perfect but their's is terrible. Doesn't anybody proof read RNS's before announcing them?.. Really bad..if they wrote a letter to me applying for a job with that grammar, it would go straight in the bin! |
Posted at 11/3/2014 20:54 by barrieb Not only will this move make this share VERY ILLIQUID but it will make the share MUCH MORE VOLATILE!!!What ever possesses the BOD to do this kind of thing is really beyond the realms of sensible thinking and makes me think who is giving them this kind of advise and what kind of BOD are they to be taken in by this ridiculous 50/1 consolidation. This action will really depress the share price and it will take forever to recover from this unless they can pull multiple rabbits out of the hat to restore confidence! I am very fortunate to not be a holder but have been watching from the side lines awaiting an opportunity to take an initial position if good progress continues. However now I am very concerned about the level of business aptitude this BOD of directors have as a 5/1 consolidation would have been more suitable and it would have given a more sensible share price for a company of this size and at this stage. Is this a clear signal that the board are not in touch with reality and they have got to big for their boots and don't give a toss for the private investor! I call on the board to reconsider this action while they can still do so before the damage is done. It is your duty to look after the share holders of your company rather than treat them with complete disregard as your arguments for this consolidation do not stand up to reality! I will continue to watch this and fully expect to see an share price between 20 to 25p when I will reconsider my position if it looks as though a recovery will be possible!! Good luck to you all AIMHO |
Posted at 11/3/2014 16:06 by buggy Whoppy,Somehow I do not agree with the reasoning , but there you go they have differet ideas. 1. Less shares improves liquidity??? [500M to 11 Mill shares and that will improve liquidity?] 2. Small holders find it uneconomic to trade? They did find it economic to buy their small share holding in the first place so what makes it now uneconomic to sell? 3. Administrative overheads? May have been true in the days when all shareholders are in a company register.... the days of share certificates, Cost of maintaining the share register, cost of issuing share certificates. These days most share holders hold via a nominee account... hence no administrative burden in maintaining a share register. Hands up anybody that still have shares in a certificated form. Maybe what he meant is the number of people contacting them asking for updates which they are obliged out of courtesy to reply. With less share holding they would not have to deal with a barrage of PI enquiry anytime the share price loses or gains 0.1p. Institutional Investors are less of a hassle. 4. It appears the real reason is to raise capital and the rest is just waffle to justify the consolidation. It would have been best to just say that we need to consolidate as it will make us more attractive to institutional investors via placing. [With 11 Millions shares there is not enough for institutional investors to buy in the open market so either some of the directors will look to partial exit, via selling their shares to institutional investors, or a placing involving institutional investors.] Best to state the basic fact without waffle as that treats the PI as if they can't think. |
Posted at 11/3/2014 15:42 by whoppy From the circular sent to sharholders:3. Background to and reasons for the Consolidation The Company currently has in issue 547,773,768 Ordinary Shares. The Directors are conscious that Shareholders with small numbers of Ordinary Shares may find it uneconomic to trade them and, should the Company be in a position to pay dividends, it can be impracticable to pay dividends to holders of small numbers of Ordinary Shares. In addition, such a large number of Ordinary Shares in issue places an administrative and cost burden on the Company which is disproportionate for a company the size of JSJS. The Consolidation may also help to make the New Ordinary Shares more attractive to investors, enhancing the ability of the Company to raise new equity, and may result in a narrowing of the bid/offer spread at which prices are quoted for trading the New Ordinary Shares on AIM, thereby improving liquidity. The Directors therefore consider that it is in the best interests of the Company's long term development as a public quoted company and for Shareholders as a whole for there to be a more practicable number of New Ordinary Shares in issue. The Consolidation is subject to Shareholders' approval of Resolution 5 at the Annual General Meeting, notice of which is set out at the end of this Document. hxxp://jsjsdesigns.c |
Posted at 11/3/2014 07:36 by neubie2u alynch My feelings regarding a consolidation is it`s O.K. on the back of a bright future and JSJS does seem to have one...profitable this year (to what degree?)...new board members who seem to have a vested interest...expansion plans going forward...all this will need funding...increased share price will attract a different type of investor...and could attract II interest when it came to raising funds...as long as ML O.K.s sharing your answers paraphrased is the usual way would you mind letting me/us know his response?Thanking you in advance. Am a shareholder considering adding over the next few days. |
Posted at 04/2/2014 20:36 by restriction "GreenRichard" i've seen people refer to other users posting history before, and using the top traders thread to try and refer to something as a negative.1. Top traders thread is full of ramping phsycopaths who do nothing but screw noobies out of cash based on a sheep like follow. I have used the thread to point out companies of interest but had fell on deaf "ears" as we know the nature of the investors there. 2. I know more than you. :) minus the guesswork. Hurrah |
Posted at 12/12/2013 22:41 by buggy Roomove,I am still holding , but I did tell you not to depend on what they say. Maybe I should have sold but these products has so much potential that I keep hoping that it will make it big style despite the management. If the did not shout about what they would do well before they have done it, we would be non the wiser and this perception that they talk a lot and deliver very little will not be there. Unfortunately it seems that they talk a good game but falls very short when it comes to walking the walk. This negative perception drags the share price down as investors no longer give then the benefit of the doubt. Investors will only believe it when they see it... so there is no future prospects valued into the share price. We have been told, in print on an interview, that they were about to ink a deal with a group of high street pub chain; fast food retail chain and others which I was told in confidence so would not repeat here. Sadly none has materialized even after over a year of making these claims. Leaving aside the issue about the heating product being over 18 months late.... why exactly can they not even supply themselves with the products that they are supposed to be selling. Their online shop has ran out of most lines of products for over a month and still they have not restocked. When user is complaining that he ordered a product in August 10th and still waiting for delivery on 20th Nov, where do we start to find the root cause of the issue with this company? That is almost 4 months waiting for a product.?.... whether the person has got it now I do not know. |
Posted at 02/10/2013 09:15 by buggy I did state that the wording of the initial RNS indicated that this is an installation contract that they would be announcing. While for some reason some people interpreted Customer as a distributon deal, (channel partner)...Homebase, Wicks or whichever distribution partner that would support their fancy of wild price movement.Still the fact that this will validate the commercial application of LightwaverF means that if it passes the validation it will open the door for other commercial establishments to accept the technology without the risk of what if it does not work scenario. With a grant of about £400K, the circa £200K that JSJS is quoting will probably be for the cost of LighwaveRF devices that would be installed. The profits from that will, based on past profit ratio, be 30-40% of cost. Not ground shattering profits from this contract but the validation exercise is the more valuable piece of this contract. Based on the final outcome it will open doors to JSJS. Even if they take a hit on this project by selling at cost it would still bring long term benefit if it is successful. Needless to say, I am sure the fly by night investors/speculator ... For those that were implying that I am deramping to get in cheaper. We will discuss in two years time if you are still around. I was here well before you appeared and would be here well after you have sold out and moved on. |
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