LONDON ASIA CAPITAL PLC ('London Asia' or the 'Company')
Record Profits From Chinese Investment

We are delighted to announce that Beijing Success Technology Co Ltd ('Success'),
the Chinese financial software company in which London Asia has a 25% stake, has
reported audited profits after tax for the six months ended 30th June 2003 of
600,000, giving a profit after tax for the twelve months ended 30th June 2003
of over 1.2m. These results show considerable growth in both turnover and
profits as a result of Success's expansion of its sales network into cities
across China.
When the Company took its stake in Success in November 2002, it was granted an
option to increase its stake in Success to 51%, on payment of 2.36m, with the
consideration payable one third in cash and two thirds in London Asia shares at
a price of 10p per share. The original investment in Success totalled 163,000,
of which half was paid in London Asia shares, so that the total investment post
exercise of option will amount to approximately 2.5m, valuing the Success
business at only 4.95m, a multiple of only 3.8 times the profits to June 2003.

The Company has hired Cindy Lam as project manager in it's London office to
assist in the exercise of the Success option and the review of investment
opportunities in China. Ms Lam is originally from Hong Kong where she worked
for J.P Morgan Securities and JP Morgan Fleming Asset Management as Project
Manager, her responsibilities including project managing the implementation of
new IT systems. She has previously worked for EDS/Nedcor, Banque National de
Paris and the Hong Kong Government. Ms Lam has a degree in Computer Science, an
MBA, and speaks English, French, Mandarin and Cantonese.

Said Simon Littlewood, Chief Executive of London Asia: 'Success has
continued to grow revenue and profits, demonstrating that with the right
management team and product, it is possible to tap into the vast potential of
the Chinese market. Success is an example of the profitable, high growth
companies that the Company seeks to work with. We are continuing our due
diligence on a number of other potential investments in China.

Simon Littlewood, chief executive of London Asia argues that many local entrepreneurs are making fortunes as software and high-tech companies double turnover year after year and still fail to meet surging demand. Medium sized private companies in China are maintaining annual profits growth of 30 to 50 percent. London Asia can buy long term stakes at price earnings multiples of 3 to 5.

Littlewood claims there are now 16 million day traders in the People’s Republic.

London Asia's list of investments:

Beijing Success - financial analysis tools
Temima China Investment Banking Group - corporate finance and investment activities within China
Beijing Biao Qi Culture Spreading Ltd - publishing, media and film
Beijing Biao Qi Advertisement Ltd - advertising.
EuropAsia Education plc - UK AIM listed investor in and operator of education businesses in Europe and Asia
Metasource - NASDAQ BB listed
MeanFiddler - UK AIM listed
Prestige Publishing - UK AIM listed
Intelliplus - UK AIM listed
ASAP International - UK OFEX listed
Unlisted Companies
Sportalasia
Puca

Try and get hold of a copy of ‘Growth Company Investor October 2003’. It provides a fascinating insight into the massive potential that China offers UK investors. The article is headed ‘China beckons the bold’.

It emphasises that China is still growing and modernising fast and is keen to get British companies and the London Stock Exchange alike to tap its new breed of entrepreneur. On Monday 13 October 2003, China’s Ministry of Science and Technology will unveil plans for a United Kingdom ‘Innovations Park’ at Cambridge. The park is intended as an incubator unit for smaller, high-tech companies from the People’s Republic. China with its 1.25 billion population and enviable economic growth rate of over 7% a year, seeks to integrate itself into the capitalist world…

Simon Littlewood, chief executive of London Asia argues that many local entrepreneurs are making fortunes as software and high-tech companies double turnover year after year and still fail to meet surging demand. Medium sized private companies in China are maintaining annual profits growth of 30 to 50 percent.

One of London Asia’s investments, Beijing Success Technology, a provider of analysis tools and data services to investors in China’s domestic markets of Shenzen and Shanghai, chalked up ?1.2 million profits in the year to June. The company has been talking to London brokers about a possible float on AIM, though it has toyed with Singapore where London Asia director Victor Ng recently floated ‘Devotion’ and attracted 120 times the money being raised.

13 October 2003
LONDON ASIA CAPITAL PLC ('London Asia' or 'the Company')

Holding in company
Following the successful placing announced on 8th October 2003, the Company is
pleased to announce that funds managed by RAB Capital Limited ('RAB Capital')
hold 10.0 million ordinary 5p shares in the Company, representing 21.6% of the
issued share capital.

Yahoo have just bought into China. Makes London Asia's buy into 'Beijing Success' look a good deal

AFX News 21/11/03 15:50:24

NEW YORK (AFX) -- Yahoo shares are up 21 cents to $38.90 after it confirmed
that it would buy a Chinese Internet search firm for $120 million in cash over
two years, as reported in CBS.MarketWatch's NetStocks column late Thursday.
Yahoo's Hong Kong unit said it would buy 3721 Network Software Company Limited,
also known as 3721 NSC. Under the deal, 3721 NSC will become a wholly owned
subsidiary of Yahoo! Holdings (Hong Kong) Limited, with no plans to alter the
management structure of either company. The deal is expected to close in the
first quarter of 2004. Yahoo will target Asia's small- and medium-sized
businesses.

This story was supplied by CBSMarketWatch. For further information see
www.cbsmarketwatch.com.

From another BB:
terry91 - 22 Nov'03 - 20:06 - 271 of 298
Nice to see interest in china picking up others will follow.

GASFerret - 24 Nov'03 - 09:24 - 272 of 298
It's been too quiet for too long both on news and this BB. So how about this as a bit of PURE SPECULATION based on no facts whatsoever (caveat so that this is not considered a ramp).

We have been waiting for an announcement that the option to take the Success stake up to 51%. We also know that they are considering floating Success at some stage somewhere.
What if... they are trying to do both at the same time - i.e. announce 51% Success has been achieved AND that Success is to be floated.

Think of me what you will (I am a small holder and of course it is in my interests for the share to go up).

It might liven up this board for a day or two (or might just get ignored - I prefer being shot to pieces to being ignored).

Good Luck all. Patience is just not one of my virtues.

terry91 - 24 Nov'03 - 09:55 - 273 of 298
GAS, Nor mine! But happy to wait any one spoke to the company yet? It has been a long time since any news.

Would be better to have 2 announcements me thinks.

Mind you this company has a habbit of bucking the trend on the RNS side likes to keep away from the 7am thing so you have to be in it to win it as it were. lol

GASFerret - 24 Nov'03 - 10:07 - 274 of 298
Yes Terry - you never know when the RNS will appear. I'm disappointed about 20 times a day looking for it and when it does come I'll probably log off and back on to make sure it is not just wishful thinking. But it's got to come before Christmas hasn't it? If there isn't one by Dec. 15th I'm writing to Sanity Clause.

terry91 - 24 Nov'03 - 10:25 - 275 of 298
I am Sanity Clause so Mr MM's I have all the Xmas pressy money in this stock. No rise children get nout. lol

GASFerret - 24 Nov'03 - 11:23 - 276 of 298
Teery, I see that you are appealing to the MM's better nature. Isn't that an oxymoron? Now where did I put that dictionary? (Dick an Harry for those who use the Rockney Climbing lingo). I'd happily settle for two RNS's one day apart. Now where did I put that prayer mat? Can't find a damn thing after I tidy my flat.

terry91 - 24 Nov'03 - 11:28 - 277 of 298
any one up for a phone call. I do not know enough about this company to make it. Not a cop out.

GASFerret - 24 Nov'03 - 11:42 - 278 of 298
Simon Littlewood has been very helpful and courteous in replying to my email and to other emails addressing specific points. However, I don't think that it is anybody's interest to 'hassle' the company whether via email or 'phone calls. After all they cannot say anything can they? Any news will be released through the official channels.

P.S. If I thought that it would do any good I'd probably give it a go.
P.P.S. a bath towel makes a good sub. for a prayer mat but it is still a bit damp from this morning.

grevis - 24 Nov'03 - 14:32 - 279 of 298 edit
Gasferret: I am not sure that LDC would want to float Beijing Success at this stage. If it is assumed that they are still growing at a phenominal rate, then why would LDC, or the Chinese for that matter, want to dilute their equity on the cheap? My feeling is that they have had a few loose ends to tidy up and that we may get an announcement at the end of this month.


terry91 - 24 Nov'03 - 14:37 - 280 of 298
I do hope so all me T10's paid for.

GASFerret - 24 Nov'03 - 16:46 - 281 of 298
grevis - fair comment but stranger things have happened to fish.

trigsta - 25 Nov'03 - 08:56 - 282 of 298
Todays rise must signal the end of the mm shake up - comments all? - is the good news finally coming?

terry91 - 25 Nov'03 - 08:58 - 283 of 298
LOL am I looking at the right share here the bid is blue?
Must be me monitor off to buy a new one.

terry91 - 25 Nov'03 - 09:00 - 284 of 298
WINS upped there bid lets hope there is a reason.

terry91 - 25 Nov'03 - 10:33 - 285 of 298
was 1 on the higher bid am now 2 on the bid and the 1 on the offer has upped.

WHY

terry91 - 25 Nov'03 - 10:42 - 286 of 298
Nice price that buy mind you 2 hour delay.

overeager - 25 Nov'03 - 10:44 - 287 of 298
Delayed trades. LDC has drifted on no real volume. Lets wait and see what happens when announcements are made and trading volumes increase.

grevis - 25 Nov'03 - 11:15 - 292 of 298 edit
overeager: I seem to recall that London Asia's last announcement was made on the 30th of the month. On the assumption that their Board meets this coming Friday, could get the long awaited announcement next Monday.
Could be that the MMs have gotten wind of something about to happen, hence why the price has risen today on little volume. The last time LDC made an announcement, their shares went to 28p; that is 55% above

grevis - 25 Nov'03 - 12:29 - 295 of 298 edit
overeager: I seem to recall that London Asia's last announcement was made on the 30th of the month. On the assumption that their Board meets this coming Friday, could get the long awaited announcement next Monday.
Could be that the MMs have gotten wind of something about to happen, hence why the price has risen today on little volume. The last time LDC made an announcement, their shares went to 28p; that is 55% above the current price. Maybe now is the time to top up!

overeager - 25 Nov'03 - 13:04 - 296 of 298
Grevis: Who knows when the announcement will be made - the point is it will.

The point I would make is that if I wish to buy 50k's worth of stock (or even 10k), I will have to pay alot more than 19p.

I am more interested in the long term and remain confident of 1+ taking a 3year view

My Way - 25 Nov'03 - 13:09 - 297 of 298
I would feel any announcement will be late December, when they will confirm the success deal and a few more deals.

grevis - 25 Nov'03 - 13:26 - 298 of 298 edit
overeager & MyWay: I cannot disagree. Any thoughts on what use they may have made with that bundle of extra money they raised?

terry91 - 25 Nov'03 - 18:46 - 311 of 325
This stock moves on small volume 10K moves an MM. 30K ths morning moved 3.
ust need to come out soon please. lol
Might even top up.

grevis - 25 Nov'03 - 19:21 - 312 of 325 edit
Hi terry91. With such low volumes of late, any surge in demand could see the price flying well beyond my predicted price. Doubt the MMs are overstocked at present. Looking forward to that long awaited news. Good luck

grevis - 26 Nov'03 - 01:37 - 313 of 325 edit
I think we may have overlooked the significance of Yahoo's entry into the Chinese markets and the impact that this may have on Beijing Success Technology.
Yahoo offers financial content in all areas in which it operates. If such content is lacking in their China purchase, there maybe a major new outlet for Beijing Success. This is just pure speculation, but it may explain why London Asia's share price increased for no apparent reason first thing Monday morning. An alternative explanation would be that Yahoo's entry into China has awakend interest in the whole Chinese internet market. Yahoo seems to have paid a fairly hefty price which can only be good for the valuation of London Asia's China assets.
Whatever the reason, if a powerhouse such as Yahoo can see a bright future for Chinese internet markets, then it bodes well for the investments that LDC has made in that country.
In the light of this new development it will be interesting to see if LDC's share price continues to march forward from now on.

GASFerret - 26 Nov'03 - 07:43 - 314 of 325
grevis - good post. I had not ignored your earlier post re: thread titles. I'd written a post of three paragraphs and then lost my connection and couldn't be arsed to write it all again. It is difficult to think of one isn't it? maybe the next announcement will make it easier.

I liked the 1.25 billion one. might have even more impact written 1,250,000,000. The others were good but maybe too complex/subtle to grab the attention of some board readers.

Waiting impatiently as always...


terry91 - 26 Nov'03 - 08:31 - 315 of 325
Well what this up again now 2 bid 1 offer on the higher bid.

GASFerret - 26 Nov'03 - 09:11 - 316 of 325
Is anyone on this thread any good at charts? I would be interested in what they are showing. (I know it's the interpretation of them that's important and the actions taken but I also like to look at the pictures).

Old fool - 26 Nov'03 - 09:32 - 317 of 325
How about this for a title:
"Share the riches of China with LDC"

terry91 - 26 Nov'03 - 09:36 - 318 of 325
OF nice.
GF I will ask on the chart thread get back to ya.

terry91 - 26 Nov'03 - 09:56 - 319 of 325
LDC being walked up on no trading really. I bet you MM's have found something out. tut tut

leak leak leak.

GASFerret - 26 Nov'03 - 10:11 - 320 of 325
OF-like it. terry91 - thanks, I would love to see some pictures.
If the MM's have heard whispers then good as far as I am concerned. If there is good news coming it will make me happy.

overeager - 26 Nov'03 - 10:13 - 321 of 325
7% increase on no turnover at all! MM's obviously don't wish to get caught out on this one again.

bsg - 26 Nov'03 - 10:24 - 322 of 325
Don't forget large trades get delayed.

terry91 - 26 Nov'03 - 10:26 - 323 of 325
just ticked up now big change 2 bid on 18p 1 offer on 20p then 21p offer. Something up here.

Not selling till way past 30p

toombs - 26 Nov'03 - 10:26 - 324 of 325
ok just topped up with 20k this will be delayed as usual, however it took ages for the mms to get the stock for me 2 didnt want to know the other took ages. Got them at 19.5p should show around 12:25 ish

The mms have bugger all stock steady buying and this will break 24p!!!!!!!
imho

GASFerret - 26 Nov'03 - 10:27 - 325 of 325
Delayed 10k buy just come through. Another tick up to 18/20. Nice.
Also now on the Percentage Gainers list which should generate interest.

The Inside story - 26 Nov'03 - 10:48 - 14765 of 14767
LDC - london asia is starting to move, massive potential in China and fully focused on expansion and placing of current investments [success business growing very rapidly]

Update of 'success' stake expected [the last update drove the stock above 28p]
Other investments performing well.
Placing a couple of months back to raise cash for further acquistions, so looking forward to updates on due diligence that has been in progress.

the 'success' business will likely be floated next year, and based on the last profit update should be valued higher than the entire mkt cap of LDC !

DYOR but not many shares in circulation.

melfaraj - 26 Nov'03 - 10:54 - 14766 of 14767
incide story, ldc
apparently fro best growth potential at the mo one has to go where ldc has gone. the stock is consolidating and doing the right stuff. what is missing yet is volume and when volume comes this may well take off.

Well London Asia are moving up strongly this morning. Up 12.8%. Now one of the day's top performers.

The Inside story - 27 Nov'03 - 10:25 - 13 of 16
here is my calculation for a valuation of the success business :

Profit after tax to June 2003 = 1.2 million (against back drop of SARS)

My forecast for 2004 anticipating another year of growth as in 2003 = 1.8 million. 1.8 million x 51% stake = 0.918 x 15 P/E = 13.77 million

Assume a successful tie up with the media company and say profit after tax climbs to approx 2.5 million x 51% stake = 1.275 x 15 P/E = 19.125 million.

The current Mkt Cap of LDC is only 8.6 million, the valuation of their 51% in "success" alone has to be at least 12 million assuming limited growth (Although imo expect massive growth). they have cash for new acquisitions + many other profitable investments.

So where am I going wrong ? Is my calculation incorrect or should these shares be at least double what they are today !

james 2 - 27 Nov'03 - 11:12 - 15 of 16
the calc looks good to me - I would probably go with the 14 million valuation for LDC stake in "success", but given the media tie up/training courses could well be more.

grevis - 27 Nov'03 - 11:20 - 16 of 16 edit
The Inside Story: Well done. Good stuff. God knows but your estimated earnings may even be conservative. Correct me if I am wrong but believe 'Success' generated its profit from two Cities, Beijing and Shenzen. Since opened up across China into 20 Cities. Whether this would translate into a 10 fold increase in profits, I have no idea but think it is worth discussing with others on this thread. Whatever, Success stake seems to be worth more than the whole of LDC's market cap and 30p to 40 per share can be justified on this stake alone

Any holders out there, what do you make of this?

All the action in this share came in the early stages when it soared from almost nothing to 20p. If you held then you were in clover. Since then, price volatile but basically in a downtrend. It might be a hold if you are brave. Best to sit on the sidelines and go in when it has bottomed out IMHO.
rgrds
gk

London Asia Capital launches 200 mln usd China fund
AFX


LONDON (AFX) - London Asia Capital PLC, an AIM-listed Greater China focused investment & merchant banking group, said it has reached agreement with Global Emerging Markets ('GEM'), the New York headquartered investment group, for the formation of a 200 mln usd private equity fund for China.

The fund will take significant stakes in each investment, have board representation and be actively involved in the strategic direction, financing and acquisition strategy, the company said.

London Asia and GEM will jointly manage the fund.

newsesk@afxnews.com

slm/

We are delighted to announce the launch of a USD200 million fund for
investment in China.

The fund will be co-managed with Global Emerging Markets (GEM), the New
York headquartered investment group which has committed capital of USD1.8
billion in funds. Investors for the fund will come primarily through GEMs
network of contacts and existing investors, many of which are seeking an
exposure to Chinese Investments.

"Establishing the fund is in line with our strategy of generating income
from a wider range of sources without significant investment of our own
capital. The fund will enable us to invest in the larger transactions which
we have access to, especially in the power and environmental sectors, but
are currently unable to invest in without substantial dilution to our
shareholders.


Simon Littlewood
London Asia Capital plc

London Asia Capital PLC
02 November 2004


London Asia Capital PLC ('London Asia' or 'the Company')

- Acquisition of 5.9% stake in OFEX operator
- London Asia CEO appointed to OFEX Advisory Group
- First clients signed up for OFEX

London Asia, the AIM-listed Greater China focused investment & merchant banking
group, has acquired a 5.9% stake in PLUS Markets Group plc , the company which
operates OFEX, the UK's stock market focused on smaller companies.

The investment of 250,000 at 5p per share is part of the refinancing of OFEX
which has seen it raise over 3 million in new funds from investors including
Winterflood, the market maker. Funds will be used to expand the market both
within the UK and internationally. Simon Brickles, former Head of the UK's AIM
stock market, has been appointed as Chief Executive.

Simon Littlewood, London Asia Chief Executive, has been appointed a member of
the OFEX Advisory Group to assist in the development and marketing of OFEX in
Asia.

London Asia has signed up three clients for OFEX which are currently going
through due diligence with a view to listing them in the first half of 2005.

Simon Littlewood, London Asia Chief Executive, said:

'We see OFEX as the ideal first market for high growth Chinese companies looking
to list in the UK, as it provides access to European investors in a regulatory
environment geared to the needs of smaller, growth companies. We have seen
considerable interest in OFEX from Chinese companies who are attracted by the
lower level of costs not only on listing, but also in maintaining the listing,
compared to other markets in Europe and Asia.'

ENQUIRIES:

Simon Littlewood, CEO Tel 020 7248 7578

Paul McManus, Binns & Co Tel 020 7153 1485
Mob: 07980 541 893

About London Asia Capital plc

London Asia is a leading AIM listed investment and merchant banking group
focused on the SME market in Greater China.

London Asia has identified that as a result of the fast growing Chinese economy
and an underdeveloped financial services industry, there is strong demand for
both capital and skilled financial advisory services in China, especially among
small-to-medium sized enterprises.

London Asia operates two principal businesses within Greater China:

Investment in profitable businesses with exits via IPO or trade sale;
Investment Banking services, mainly corporate finance advisory (fund
raisings, IPO's and M&A) and fund management

London Asia has a growing list of investments, paid for via a mix of cash and
London Asia shares, focused on distinct industry sectors:

Financial Services
Media
Information technology & communications
Infrastructure, energy & natural resources & environment

London Asia has offices and management teams, as well as strong local partners,
across the Greater China region, as well as alliances with a number of Chinese
business parks which gives London Asia access to over 7,000 Chinese businesses.
These provide direct access to investment opportunities, close relationships
with corporate clients, a good level of control over existing investments,
access to local market intelligence as well as providing leverage through a
network of partners. These work in conjunction with our international network in
London, New York, Singapore, Hong Kong and Taiwan.

London Asia Capital PLC
08 November 2004



London Asia Capital PLC
('London Asia' or the 'Company')


Agreement with Leading Chinese Venture Capitalist

London Asia, the AIM-listed Greater China focused investment & merchant banking
group, has been appointed corporate finance adviser to Canton Venture Capital Co
Ltd ('CVCC'), a leading Chinese venture capital group.

Under the agreement, London Asia will assist CVCC in listing its investments on
stock markets outside China and finding Western investors or buyers. CVCC will
provide details of all of its current investments, which London Asia will then
screen to identify those which are suitable for listing on AIM, OFEX, the New
York, or Singapore markets, and those for which sale to a trade or financial
buyer is more suitable. London Asia will receive fees for its services, and the
right to invest alongside CVCC.

Based in Guangzhou, CVCC has registered capital of RMB700 million (15 million)
and has to date made over fifty investments in the Guangzhou region, with an
emphasis on the bio-technology and IT sectors. In 2003 it was ranked in the top
seven Chinese venture capitalists, and its General Manager, Mr Wang, ranked in
the top seven Chinese venture capitalists.

Mr Hongmao Wang, General Manager of CVCC, said: 'There is considerable demand
from the companies we have invested in to find Western investors and business as
well as technology partners, and to gain a stock market listing outside China.
We have worked with the London Asia team successfully in the past, and have
already begun work with London Asia on the first potential listing of one of our
portfolio companies.'

New Office

In order to service the above agreement and tap into other opportunities in the
region, London Asia has opened a South China Regional Office in Guangzhou,
headed by Mr Hou Chun Chang, Member, National Peoples Consultative Committee
(NPCC) Mr Chang is a leading figure in the environmental sector in China: one of
the founders of Singapore stock market listed Devotion Eco-Thermal Ltd;
Executive Committee Member of the National People's Congress Environmental &
Resource Protection Committee; Director of the China Association of
Environmental Protection Industry. He is Vice President of the Guangdong
Association of Young Enterprisers, and Guangdong Association of Guangzhou
Association of Outstanding Young Persons. In 2003 Mr Chang was appointed a
Deputy of the 10th National People's Congress. Previous awards and honours
include: 2001 - Ten Outstanding Young Persons of Guangzhou; 1999 - Outstanding
Professional of Tianhe District, Guangzhou; 1998 - Excellent Young Enterpriser
of Guangzhou; 1996 - Ten Outstanding Young Persons of Tianhe District,
Guangzhou.

Mr Hou Chun Chang, said: 'I have worked successfully with the London Asia senior
management team in a few ventures including the Singapore listing of Devotion. I
look forward to developing London Asia's presence in the South China region,
which has the largest number of privately-owned businesses in China. '

Simon Littlewood, London Asia Chief Executive, said: 'This is in line with our
strategy of expanding into new regions in China via working with strong regional
partners. This agreement gives us access to a number of investment and fee
generating opportunities in a region which is one of the most developed in
China, and the appointment of Mr Chang to head our new office there brings in
someone with the necessary experience and contacts, both within industry and
Government, to make the most of the opportunities.'

ENQUIRIES:

Simon Littlewood, CEO Tel 020 7248 7578

Paul McManus, Binns & Co Tel 020 7153 1485
Mob: 07980 541 893

About Canton Venture Capital Co. Ltd

Founded in December 1999, the company's major businesses are venture investment
in the high-tech sector, establishment of venture investment funds, as well as
investment consulting and asset management. Backed by the city government, CVCC
helps small companies and individuals in the process of commercialization of
high-tech products and related services. Based in Guangzhou, CVCC's business
covers the Pearl Delta area and southern China.

CVCC has invested over one billion RMB to date. While CVCC is open to reviewing
projects from different fields, the main areas of emphasis are
telecommunication, Internet, computer software, biotechnology, Chinese medicine
modernization, and agriculture. For additional information, see
www.c-vcc.com
.

About London Asia Capital

London Asia is a leading AIM listed investment and merchant banking group
focused on the SME market in Greater China.

London Asia has identified that as a result of the fast growing Chinese economy
and an underdeveloped financial services industry, there is strong demand for
both capital and skilled financial advisory services in China, especially among
small-to-medium sized enterprises.

London Asia operates two principal businesses within Greater China:

Investment in profitable businesses with exits via IPO or trade sale;
Investment Banking services, mainly corporate finance advisory (fund
raisings, IPO's and M&A) and fund management

London Asia has a growing list of investments, paid for via a mix of cash and
London Asia shares, focused on distinct industry sectors:

Financial Services
Media
Information technology & communications
Infrastructure, energy & natural resources & environment

London Asia has offices and management teams, as well as strong local partners,
across the Greater China region, as well as alliances with a number of Chinese
business parks which gives London Asia access to over 7,000 Chinese businesses.
These provide direct access to investment opportunities, close relationships
with corporate clients, a good level of control over existing investments,
access to local market intelligence as well as providing leverage through a
network of partners. These work in conjunction with our international network in
London, New York, Singapore, Hong Kong and Taiwan.

London Asia has been appointed corporate finance adviser to Canton Venture
Capital Co Ltd (CVCC), a leading Chinese venture capital group. Under the
agreement, London Asia will assist CVCC in listing its investments on stock
markets outside China and finding Western investors or buyers.

Based in Guangzhou, CVCC has registered capital of RMB700 million (#15
million) and has to date made over fifty investments in the Guangzhou
region. In 2003 it was ranked in the top seven Chinese venture capitalists,
and its General Manager, Mr Wang, ranked in the top seven Chinese venture
capitalists.

Mr Hongmao Wang, General Manager of CVCC, said: There is considerable
demand from the companies we have invested in to find Western investors and
business as well as technology partners, and to gain a stock market listing
outside China. We have worked with the London Asia team successfully in the
past, and have already begun work with London Asia on the first potential
listing of one of our portfolio companies.

In order to service the above agreement and tap into other opportunities in
the region, London Asia has opened a South China Regional Office in
Guangzhou, headed by Mr Hou Chun Chang, Member, National Peoples
Consultative Committee (NPCC).

Mr Hou Chun Chang, said: I have worked successfully with the London Asia
senior management team in a few ventures including the Singapore listing of
Devotion. I look forward to developing London Asias presence in the South
China region, which has the largest number of privately-owned businesses in
China.

Simon Littlewood, London Asia Chief Executive, said: This is in line with
our strategy of expanding into new regions in China via working with strong
regional partners. This agreement gives us access to a number of investment
and fee generating opportunities in a region which is one of the most
developed in China, and the appointment of Mr Chang to head our new office
there brings in someone with the necessary experience and contacts, both
within industry and Government, to make the most of the opportunities.



Simon Littlewood
London Asia Capital plc
www.londonasia.com

London Asia has been appointed corporate finance adviser to Canton Venture
Capital Co Ltd (CVCC), a leading Chinese venture capital group. Under the
agreement, London Asia will assist CVCC in listing its investments on stock
markets outside China and finding Western investors or buyers.

Based in Guangzhou, CVCC has registered capital of RMB700 million (#15
million) and has to date made over fifty investments in the Guangzhou
region. In 2003 it was ranked in the top seven Chinese venture capitalists,
and its General Manager, Mr Wang, ranked in the top seven Chinese venture
capitalists.

Mr Hongmao Wang, General Manager of CVCC, said: There is considerable
demand from the companies we have invested in to find Western investors and
business as well as technology partners, and to gain a stock market listing
outside China. We have worked with the London Asia team successfully in the
past, and have already begun work with London Asia on the first potential
listing of one of our portfolio companies.

In order to service the above agreement and tap into other opportunities in
the region, London Asia has opened a South China Regional Office in
Guangzhou, headed by Mr Hou Chun Chang, Member, National Peoples
Consultative Committee (NPCC).

Mr Hou Chun Chang, said: I have worked successfully with the London Asia
senior management team in a few ventures including the Singapore listing of
Devotion. I look forward to developing London Asias presence in the South
China region, which has the largest number of privately-owned businesses in
China.

Simon Littlewood, London Asia Chief Executive, said: This is in line with
our strategy of expanding into new regions in China via working with strong
regional partners. This agreement gives us access to a number of investment
and fee generating opportunities in a region which is one of the most
developed in China, and the appointment of Mr Chang to head our new office
there brings in someone with the necessary experience and contacts, both
within industry and Government, to make the most of the opportunities.



Simon Littlewood
London Asia Capital plc
www.londonasia.com

From UK Investor:

Aim-listed London Asia Capital saw another jump in its price after the company, which was involved in the refinancing of Ofex, said it has raised 3.3 million pounds before expenses through an institutional placing by Seymour Pierce of 30 million ordinary shares at 11p each. The group said it is in negotiations to obtain an investment banking license in China and the monies raised via the placing will be used to invest in a new company which has been set up to apply for the license. The shares added 0.5p to 11.5p.

Geoff Foster, Daily Mail
17 November 2004

"Investment company London Asia Capital improved p to 11p following a 3.3m placing of 30m shares at 11p a share with institutional investors including AA-rated fund manager Michael Barnard."

info about Michael Barnard can be found here http://www.marlboroughfunds.com/ManagerProfile_MBarnard.htm

From Marlborough UK Equity Income Fund's website, re Michael Barnard 4 star equity manager:


Michael Barnard was born in Forres, Scotland in 1950. He developed an interest in the stock market at the age of sixteen. This interest quickly grew into a hobby and then an addiction. Following graduation in 1971 from Aberdeen University with an MA Degree in economics, Michael entered the stockbroking profession. He ascribes his success to the love and dedication to his work, though he has never looked upon it as work.

In 1988, Michael set up his own company, M D Barnard & Co Ltd, a stockbroking and investment management business. His management of the UK Equity Growth Fund began in 1995 and he used his vast knowledge to give the fund its consistent high performance. And this consistency looks set to stay as Michael expands his team as the funds popularity and size grow. In particular, he looks to analyst Simon Like for company research. Simon is from the same school of thought as Michael, having entered the industry as a result of a passionate interest in the stock market.

Simon spends much of his time visiting companies in which either Marlborough has an investment or is contemplating one. He maintains regular contact with these companies in order to accumulate an in depth knowledge and perception of them. He also makes a point of monitoring the views of other investors towards the shares of investments held as these views can have a major bearing on share price performance. Both Simon and Michael adopt a similar strategy towards investment which is very important when acting as a team. With Simon having carried out extensive investigative research, Michael feels much more confident about his investment decisions.

Michael tends to be a stock picker rather than looking to invest in a particular sector or size of company. His approach is very much on long term capital appreciation with an aversion to risk. Consequently the high growth of the fund has been achieved through a below average level of volatility.

When asked what the future holds Michael admits,

I have no plans for retirement or to leave fund management. I could carry on forever! But investors can rest assured that when the time does eventually come, Michaels school of investment will have just the team to keep the fund performing.

Bought in today, a little late, I admit, at ~12.25, looking for steps up to 14, 16, 18, 20p.

MikeHardman: Well done. Eveything seems to be inplace to get those IPO's underway. Many were set to float on OFEX which LDC has helped to rescue and can now go ahead. They have also linked up with the Americans who are to put up $200 million for China investments. Once due diligence has been done, we should see a steady flow of IPOs during 2005. Now is the time to tuck a few away. Good luck!

Nice 250,000 T trade at 12p has just been posted. Looking good!

Someone has just pointed out that the new shares are to be admitted today. This should result in an RNS at sometime were one of the subscribing institutions has taken a holding above 3%. Should make an interesting read.

"Application has been made to admit the new ordinary shares to be issued pursuant to the Placing to trading on AIM and admission is expected on 19 November 2004."

I would imagine that some of the institutions may well be from amongst existing holders of this stock. Only RAB seems to have sold out. The following has been taken from announcements this year:

Gartmore Investment Management plc now holds, in various funds, a total of 8,596,112 ordinary shares in the Company,which represents 11.1% of the issued share capital of the Company.

Mr Jiang Guoping, the Chairman of the Biaoqi group of businesses in which London Asia holds stakes, is now interested in 5.2 million London Asia ordinary shares, equal to 6.79% of the Company.

Isis Discovery Trust holds 2,500,000 ordinary shares in the Company, equivalent to 3.7% of the issued share capital.

The Throgmorton Trust plc ('Throgmorton') now holds 6,670,000 ordinary shares in the Company, representing 9.76% of the issued share capital.

Framlington Investment Management Limited that it now holds 9,070,000 ordinary shares representing 13.3% of issued share

An interesting point is that if ISIS are not involved with the placing, then we can expect an RNS to say that they no longer hold a notifiable interest. That will not imply that they have sold but that their holding has fallen below 3%.

Current spread is amazingly close. Barclays are quoting 12.04p sell and 12.08 buy. A couple of buys have just gone through at 12.10p but are showing as sells due to screen spreads of 12p to 12.25p. Interesting!

As far as I can tell we have at least 5 financial institutions who could be involved with that placing of stock. Four are known shareholders and if the Mail is correct then we can include Marlborough as well. They are therefore Marlborough, Gartmore, Isis, Throgmorton and Framlington. I will be interested to see the RNS' when they are released perhaps today or early next week.

Historical Prices
Monthly averages for 2004

Date Open High Low Close Avg Vol Adj Close*
Nov-04 12.00 12.50 10.75 12.00 839,504 12.00
Oct-04 10.75 13.75 9.75 12.06 1,211,925 12.06
Sep-04 11.50 11.50 10.75 10.16 269,953 10.16
Aug-04 13.50 13.50 10.75 11.15 187,523 11.15
Jul-04 14.25 14.25 13.00 13.40 180,657 13.40
Jun-04 14.75 15.60 13.25 14.15 64,943 14.15
May-04 17.00 17.00 14.50 14.00 82,586 14.00
Apr-04 17.75 19.25 16.25 16.25 177,172 16.25
Mar-04 19.00 20.00 16.50 17.35 106,669 17.35
Feb-04 17.75 20.50 16.00 18.25 216,838 18.25
Jan-04 19.00 19.75 16.00 17.18 403,486 17.18

The markets turned in the Spring of 2003, since when we have seen people pile into tech stocks on the back of their recovery from the massive loss of faith from the market's peak in 2000. This was followed by a rush to buy into oil minnows on the back of another middle-east crisis and the explosive growth and subsequent demand from China. These oil stocks are now at highly inflated levels and like all bubbles cannot be sustained for ever. Therefore where is the obvious move for hot money? Well it's staring us in the face. Need I say more?

LDC is currently 17th on the leaderboard

Monday's Constant Gainers & Losers
MoneyAM
Stanelco, London Asia Capital, Cranswick, Mice Group, Torotrak, Floors 2 Go, Jarvis, ITM Power, Elan, Autonomy, UKBetting, WH Smith and Dixons in focus.....

Notable constant gainers over five days include Stanelco, now up 50% at 6p following their Asda contract news last week.

London Asia Capital has added 18.18% at 13p after raising 11m in a placing last week to fund expansion in China.

Cranswick has now gained 11.56% over the period at 429.5p following a recent upgrade from Panmure.

Mice Group is 9.8% ahead at 56p since announcing the appointment of Brian Shepherd as the new CEO last week.

Notable constant gainers over four days include Torotrak, up 38.27% at 56p with today's interim results showing narrowing losses and a six-fold increase in revenue.

Floors 2 Go is 17.7% better at 66.5p, helped by a major share purchase by the Chairman late last week.

Notable constant losers over five days include Jarvis, 17.24% weaker at 12p as confidence in its future continues to wane.

ITM Power is now 11.77% worse at 75p and Elan Corporation has slipped 10.14% to 21.1p.

Autonomy Corporation has slumped 8.43% to 160.25p with UKBetting down 7.8% at 44.25p.

WH Smith is 7.42% lower at 213p since last week's downgrade by broker Evolution.

The most notable constant loser over four days is Dixons Group, down 9.45% at 151p after a disappointing trading update

Following that RNS, so far we know that Throgmorton has reported an increased holding and Barnard has come on board. They account for around 20% of that placing, so we still have plenty to discover.

At the last count we had Gartmore, Isis, Throgmorton and Framlington with notifiable interests and the Daily Mail seems confident that Marlborough has joined in.

We can expect further announcements tomorrow!

2005 is widely tipped to be the year that China's undoubted promise is turned into reality , i.e. large, profit making companies that can compete with the best. LDC seems well placed to take advantage of this.

The following is taken from a Fidelity Ad for their China Focus Fund:

1. China is the #1 market for mobile phones - over 300 million people own a handset

2. China manufactures over $60 billion dollars worth of consumer electronics - more than Western Europe

3. 43% of global cement capacity is consumed by China

4. China has the highest number of households with digital TV

5. Over 1000 universities provide China with nearly one million new graduates each year, 38 % of whom are engineers

I am not pushing Fidelity or indeed LDC but it shows why at least some of your portfolio should be invested in China. Thanks to Fidelity for the above.

SOVGEM (SOV) IS A PRIVATE EQUITY FIRM WITH INTERESTS IN CHINA.ITS AN EXCELLENT OPPORTUNITY FOR THOSE INTERESTED.

Sovgem:

Hugh de Lusignan, Chief Executive Officer and co-founder of SovGEM, said: We are delighted that the AIM flotation of the Company has been completed successfully and it is gratifying to witness such high levels of investor interest. A number of blue-chip institutions have invested in SovGEM and they join a diverse investor base from around the world. We look forward to working with our new shareholders in the future.

SovGEM is a newly incorporated Jersey public limited liability company established principally for the purpose of making investments in Chinese small and mid cap companies proposing to float on non- Chinese stock markets, particularly in the US. Occasionally, the Company may also make investments in quoted Chinese companies and in companies in emerging markets other than China. SovGEM has entered into an agreement (the Benchmark Agreement) (with an initial term of five years) with Benchmark Capital & Finance, Inc. (Benchmark) . Under the Benchmark Agreement, Benchmark will provide opportunities on an exclusive basis to SovGEM to invest in Chinese companies which are expected to float within the subsequent three to six months. Further details of the Benchmark Agreement are set out in the Admission Document.



I HOPE THAT THIS IS OF USE FOR THOSE OF YOU INTERESTED IN HAVING ABIT OF VARIETY AND INVESTING IN THE EMERGING MARKETS AND IN PARTICULAR CHINA

Another drip feed of good news.

Another two great pieces of news , today and previously on the 18th. London Asia is starting to become a big player in the market to develop China's infrastructure.

I am in agreement with you there Jim. I intend to dip my toe in tomorrow.Results are due soon, do you know the date?
thanks, tau.

their website says april but no firm date given

another positive RNS. Slowly but surely they are buiding a substantial portfolio.

LDC is becoming the first stop for Chinese companies wishing to raise capital. They obviously have a very strong base there and I am sure that there will be plenty more good news.

2004 results next Monday - 25 April

Strong set of results. Looking very healthy for the future. Excellent to see LDC in profit already (0.33m vs -0.16m) with a nice spread of investments. Particularly liked this part:
'As an investment company, we show our investments at original cost rather than
actual value, and no account is taken of the profits these investments
generated. We only account for the management fees, interest and dividend income
received from them, and the profit on sale when the investment is realized.'

I'm with you - good solid results, a move into profits and a very positive outlook. And a very sensible way of valuing investments. I expect a lot more from LDC of the next couple of years.

LOL strong set of results, youve all decided to miss the bit were it says there running out of cash and, to purchase the other 7% there going to need to raise cash...yes?

The only plus is if they get cfs away, they can use the cash from that....but thats been round the corner for an eternity.

Dont get me wrong, ldc brilliant company, but weres the money coming from?

and theres the answer..dilution, over 50%, ill wait to buy back in when shes back at 8p

RM

Technically you are right of course about the dilution. In reality however the SP will react to the usual supply and demand. If there is sufficient demand, especially from institutions, and there appears to be from the low discount for the placing, then the SP will have plenty of support. No fireworks yet since the announcement and a small rise today. Time will tell.

A big single buy today - 1.5 million. A welcome pick up in volume.

More good news with the RNS of 30/8 - eventually LDC is going to appear on some city radar screens.

BUY!!!

katcenka--give us some details.--why?

Got into these recently for 19.5p for a long-term exposure to Chinese growth.
What happened today? 15.6m in 3 big buys at 19.75p.
Might be time to grab a few more at this price whilst I can???

My favourite kind of thread, talking to myself. In the meantime it rises 20%.
Go on LDC, follow the form of my threads on IDS/CCT, not much interest but good rises and profits!!

hello u are not alone!!!!

Have been piling into PMK in recent months and keeping watch for a way into China; when, because of a small crossholding LDC came up on PMK's news-flow.
LDC looks just the entry I've wanted, so have been scraping together various funds to build a holding here. Looking very promising so far.

Stutter on keyboard!