Thames Water 26 Discussion Threads

[britishbear] 17/8/2005 14:34

Hyper - ahhh, but they want to. They have desire to buy these phones and as China grows, incomes will increase and more and more Chinese will be able to buy these phones.

That is why TES is a growth story - share price reflects future growth potential which is massive and why I am in and thinking of getting more.

Another tick up

[hyper al] 17/8/2005 14:24

BritishBear

The market cap does not reflect the current situation.

Most people in China can't afford to spend 2 weeks wages on a mobile phone.

[britishbear] 17/8/2005 11:41

What is interesting is that some serious institutions are beginning to sniff about. 15% of the company is a lot and Gartmore and no smucks.

Follow the institutions - they are buying and will have to pay to get in with any size now.

£26m is a small market cap given the potential growth in China. There are millions and millions of Chinese that will want mobiles and they love to upgrade. EBT are very well positioned imo.

We shall see, there are considerable risks but as a medium to long term punt this does have a chance to be a significant multi-bagger.

The beauty is that it is not on the general Bulletin Board radar yet.

----------------------

Holding(s) in Company

RNS Number:1790Q
Trading Exchange (The) PLC
17 August 2005
Trading Exchange plc (the "Company")
Holding in Company
The Company was informed yesterday that Gartmore Investment Management plc has a beneficial interest in 5,267,328 ordinary shares of 10p each in the Company,
representing 15.12 per cent. of the current issued share capital of the Company.

17 August 2005

[hyper al] 17/8/2005 07:40

indian3

I think a market cap of £26.5 million is a bit high for a company with no profit and no assets (ie property).

[nappers] 17/8/2005 07:30

already got some and thinking of adding to the long term portfolio - only a matter of time b4 this appears on the radar of those punters and China investors...mobile business will be huge in China..

[britishbear] 16/8/2005 20:20

Thanks affc - I think it is worth posting up (although I have read this before somewhere).

I suspect that when people realise that TES is now a high tech China play we will get some serious buyers. This is a growth market, EBT has some excellent contacts and grew by a serious % last year (revenues).

They have ambitious plans and seem to have the management that could pull in off. It is the carphone model and there is no reason why it will not work.

I feel the China effect when more people realise what a play TES is will pile in.

Tempted for more.

--------------------------


Mobile China plans London listing
By Damian Reece City Editor
Published: 16 August 2005
EBT Mobile China, an aspiring Chinese version of Carphone Warehouse, is to float in London through a reverse takeover by the Trading Exchange, a shell company quoted on AIM with £1.6m of cash on its balance sheet.

Mobile phone retailing in China is dominated by large network operators such as China Mobile and China Unicom. EBT, whose slogan is "Everybody Talk", believes independent retailers can flourish, although it already has relationships with the network operators to run co-branded stores.

Its 73 outlets are mainly concessions in department stores and out-of-town hypermarkets. Jim Reiman, the chairman and chief executive of EBT, said: "In China the costs of mobile phone handsets are not subsidised by service providers and are very expensive by UK standards. An average mobile [in China] costs about £90, which is equivalent to more than half the average Chinese consumer's monthly gross income of about £165. Yet people queue in shops to purchase the latest handset as an expensive mobile is seen as a status symbol ... with a typical customer looking to change the phone within a year or less. Some of the most-prized phones sell for hundreds of pounds."

EBT plans to expand out of the Shanghai region, where it began in 1996, and is raising £4m by issuing 23.5 million shares at 17p each for its future development. The market value of the business with its enlarged share capital will be £26.5m.

Mr Reiman, and his Chinese management partner Zhang Ge, have opened 12 stores this year with another 17 planned for the second half. The company generated sales of £17.4m in 2004 compared with £11.8m in 2003.

The float will be a seen as another victory for the London Stock Exchange's junior market which has promoted itself heavily in overseas emerging markets such as China as the premier international stock market for growth companies. By reversing into a London-listed shell company, EBT gains access to a large and liquid pool of capital, a long list of potential institutional investors and the cash balances of the shell company.

EBT Mobile China, an aspiring Chinese version of Carphone Warehouse, is to float in London through a reverse takeover by the Trading Exchange, a shell company quoted on AIM with £1.6m of cash on its balance sheet.

Mobile phone retailing in China is dominated by large network operators such as China Mobile and China Unicom. EBT, whose slogan is "Everybody Talk", believes independent retailers can flourish, although it already has relationships with the network operators to run co-branded stores.

Its 73 outlets are mainly concessions in department stores and out-of-town hypermarkets. Jim Reiman, the chairman and chief executive of EBT, said: "In China the costs of mobile phone handsets are not subsidised by service providers and are very expensive by UK standards. An average mobile [in China] costs about £90, which is equivalent to more than half the average Chinese consumer's monthly gross income of about £165. Yet people queue in shops to purchase the latest handset as an expensive mobile is seen as a status symbol ... with a typical customer looking to change the phone within a year or less. Some of the most-prized phones sell for hundreds of pounds."
EBT plans to expand out of the Shanghai region, where it began in 1996, and is raising £4m by issuing 23.5 million shares at 17p each for its future development. The market value of the business with its enlarged share capital will be £26.5m.

Mr Reiman, and his Chinese management partner Zhang Ge, have opened 12 stores this year with another 17 planned for the second half. The company generated sales of £17.4m in 2004 compared with £11.8m in 2003.

The float will be a seen as another victory for the London Stock Exchange's junior market which has promoted itself heavily in overseas emerging markets such as China as the premier international stock market for growth companies. By reversing into a London-listed shell company, EBT gains access to a large and liquid pool of capital, a long list of potential institutional investors and the cash balances of the shell company.

[affc21] 16/8/2005 18:54

Don't think it's been posted,but (today) The Independent has a right-up on TES:




Not in,just passing through.

(but sounds interesting)

[indian3] 16/8/2005 14:23

Hyper AL
I disagree again as I do not believe Carphone, Phones 4U etc have owned a single property, nor do 95% of retailers. That is why there are landlords,leases etc.

The fears of consessions they rent from selling mobiles and other services is not too problematic, as customers in every industry like to use specialists especially on items like mobile phones and customer service and well trained staff does not go a miss.

Carphone thrives to this day despite numerous competitors since they first launched, they have built a reputation and brand recognition, that applies to many other industries, like Next, Starbucks, Pret A Manger, etc the list goes on.

The capital thy have received from this fundraising will only enhance teir marketing campaign futher.

[hyper al] 16/8/2005 13:38

indian3

I will give EBT some credit, I don't think EBT will be selling recycled phones from the UK in China.

One of my concerns is that they are dependent on a good relationship with the large retail stores that house their retail counters. EBT as far a I can see does not own any retail outlets. I can see why they are doing it this way, because they get maximum market exposure with minimum outlay, but their assets are basicly bits of furniture rather than property and if the big stores see a real demand they may just start selling mobile phones under their own brand and tell EBT to leave or at best up the rent for the counter space. We just don't know the length of the agreements EBT has with the big stores, that information is essential to make a safe investment in this company.

[britishbear] 16/8/2005 13:32

Hyper - think you are unhinged to sell now.

Just bought a few to get my hand in.

Potential here is truely massive - I would expect them to be taken out in a year or two but until then there is potential for a multibagger or bust of course. They seem to have the revenue and reasonable management.

Interesting times.

[lbo] 16/8/2005 10:31

Have a look at Fitzwilliam (fzw) also on AIM and recently involved in a reverse takeover of a similar but European mobile phone business.

They are profitable!

Ps not holding either

[cezary] 16/8/2005 09:17

THe AIM!!...Whats new about most stocks in this market. Most of them are not profitable at all.

[hyper al] 16/8/2005 08:38

It appears not!

They have a nice web site and all that, but I've taken a close look at the news on their website, lots of what I call corporate hype, like installing Kodak printers in their outlets.

This looks like yet another mistake by Hyper Al

Just sold, another £150 down the drain!

[lbo] 16/8/2005 08:21

Hi Hyper AL! EBT are not even profitable are they???

[hyper al] 16/8/2005 07:43

Mobile China plans London listing
By Damian Reece City Editor
Published: 16 August 2005

EBT Mobile China, an aspiring Chinese version of Carphone Warehouse, is to float in London through a reverse takeover by the Trading Exchange, a shell company quoted on AIM with £1.6m of cash on its balance sheet.

Mobile phone retailing in China is dominated by large network operators such as China Mobile and China Unicom. EBT, whose slogan is "Everybody Talk", believes independent retailers can flourish, although it already has relationships with the network operators to run co-branded stores.

Its 73 outlets are mainly concessions in department stores and out-of-town hypermarkets. Jim Reiman, the chairman and chief executive of EBT, said: "In China the costs of mobile phone handsets are not subsidised by service providers and are very expensive by UK standards. An average mobile [in China] costs about £90, which is equivalent to more than half the average Chinese consumer's monthly gross income of about £165. Yet people queue in shops to purchase the latest handset as an expensive mobile is seen as a status symbol ... with a typical customer looking to change the phone within a year or less. Some of the most-prized phones sell for hundreds of pounds."

EBT plans to expand out of the Shanghai region, where it began in 1996, and is raising £4m by issuing 23.5 million shares at 17p each for its future development. The market value of the business with its enlarged share capital will be £26.5m.

Mr Reiman, and his Chinese management partner Zhang Ge, have opened 12 stores this year with another 17 planned for the second half. The company generated sales of £17.4m in 2004 compared with £11.8m in 2003.

The float will be a seen as another victory for the London Stock Exchange's junior market which has promoted itself heavily in overseas emerging markets such as China as the premier international stock market for growth companies. By reversing into a London-listed shell company, EBT gains access to a large and liquid pool of capital, a long list of potential institutional investors and the cash balances of the shell company.

EBT Mobile China, an aspiring Chinese version of Carphone Warehouse, is to float in London through a reverse takeover by the Trading Exchange, a shell company quoted on AIM with £1.6m of cash on its balance sheet.

Mobile phone retailing in China is dominated by large network operators such as China Mobile and China Unicom. EBT, whose slogan is "Everybody Talk", believes independent retailers can flourish, although it already has relationships with the network operators to run co-branded stores.

Its 73 outlets are mainly concessions in department stores and out-of-town hypermarkets. Jim Reiman, the chairman and chief executive of EBT, said: "In China the costs of mobile phone handsets are not subsidised by service providers and are very expensive by UK standards. An average mobile [in China] costs about £90, which is equivalent to more than half the average Chinese consumer's monthly gross income of about £165. Yet people queue in shops to purchase the latest handset as an expensive mobile is seen as a status symbol ... with a typical customer looking to change the phone within a year or less. Some of the most-prized phones sell for hundreds of pounds."
EBT plans to expand out of the Shanghai region, where it began in 1996, and is raising £4m by issuing 23.5 million shares at 17p each for its future development. The market value of the business with its enlarged share capital will be £26.5m.

Mr Reiman, and his Chinese management partner Zhang Ge, have opened 12 stores this year with another 17 planned for the second half. The company generated sales of £17.4m in 2004 compared with £11.8m in 2003.

The float will be a seen as another victory for the London Stock Exchange's junior market which has promoted itself heavily in overseas emerging markets such as China as the premier international

[hyper al] 16/8/2005 07:39

Good morning all holders.

Do we have any on ADVFN?

[hyper al] 15/8/2005 21:42

They have quality staff!

"Shanghai (July 1, 2005) - EBT Mobile, the mobile telecom retail chain, announced today Jian Hu has joined the company as financial controller.

Prior to EBT, Jian Hu was at British American Tobacco China Ltd., where she was responsible for the financial operations of more than 20 regional and area offices throughout mainland China. Before that, she served as a senior accountant at Price Waterhouse, working with foreign firms operating in China as well as leading domestic companies on PRC and overseas stock listings. Additionally, she focused on financial due diligence review and statutory auditing for both PRC GAAP and IAS. She received her MBA at the Warwick Business School in England. Her professional qualifications include a CPA and ACCA.

Jonathan Serbin, Chief Financial Officer of EBT said, "We very pleased to have Ms. Hu join our team. Her extensive financial experience and leadership skills will serve EBT well as the company continues to expand its operations both in current markets and in new territories."

[hyper al] 15/8/2005 21:16

Well it looks like I'm the only person on the ADVFN BB investing in these.

I've done that before!

[hyper al] 15/8/2005 17:18

Lord Santafe

Not my buys. I purchased Friday, not in that quantity and at 1.65p per share. So made a very small profit.

I don't overtrade, I just like to sell if it looks like I am going to end up holding stock at a loss. Often I sell and the price then rockets, but normally that is not the case.

PTC is a good company.

[hyper al] 15/8/2005 17:13

Dibbs

Switch your computer off, then back on.

Can compare PE for JWY with TES, are they not in different sectors?

yes or no?

[lord santafe] 15/8/2005 17:10

Hyper Al,

notice you are good at throwing away money,

You bought 2 lots of 400K worth of PTC today and sold them both at a 10% loss. That is about £800 loss to buy into this share. Maybe you tend to trade everyday, which is called over trading.

[shiny000] 15/8/2005 17:09

Was just about to post a message to you over on iii!!