Web Site : http://www.ztcmobile.com/en/



About ZTC Telecommunications Plc:

ZTC Telecommunications plc is a public company listed on AIM, part of the London Stock Exchange (trading symbol: "ZTC"). Incorporated in the UK since 2000 (Registered, England No 3928553). The Company acquired China based Shenzhen Zhong Tian Equipments Co Ltd, a designer, assembler and marketer of mobile phone handsets under "ZTC" brand, on 21st March 2007, at which time it was admitted to AIM. ZTC's handsets are primarily aimed at the estimated 800 million Chinese who reside in the lesser developed north, central and western regions of PRC. This focus is achieved through ZTC's strategy of producing handsets that are "Fashionable, Economical and Practical."

Obviously the market did not like to hear this, and so the SP has tumbled down.


"Working capital

Demand for the Company's products has continued to accelerate since the IPO, and this Agreement represents the largest contract which the Company has secured to date. However, in common with many small and medium size businesses within China, our rate of growth is tempered by working capital constraints. The Company's ability to ensure timely fulfilment of this and existing contracts is subject to it securing additional working capital. The Board is therefore currently reviewing financing arrangements in order to meet future requirements."


However, hats off to their honesty.

The troublesome words are the "and existing contracts" imv.

That tends to suggest they are already at the "biten off more than can chew" stage.

Therefore, potential short and long trades here, will they get funding ? if so at what price ? and then from there, can they deliver shareholder value going forward ?

PP I am worried about your state of mind. Over on a rival site you make over 200 posts a day, host 90 threads and regularly post on 5 different sites. You have set up duplicate threads for Chinese stocks, wiped many of your own posts (to eradicate any possiblility of criticism)and constantly change your mind. This behaviour would seem to be obsessional, manic and delusional. Not to mention the fact that you need to get a life.

pp is my hero ok. You can get lost, zscrooge

zscrooge, I am more worried about those people who now follow and post about posters, as opposed to discussing stocks and shares and markets and sentiment.

Although it is possible to understand that the present market falls have pushed some into financial oblivion, and with that perhaps immense personal stress, which is perhaps making them turn their "anger" on to BB posters.

Sad, but true.

As it seems "zscrooge" is going to be "stalking" me with abusive posts etc... I will add them to the "Squelch" facility. I really do not want the threads to fill up with nonsense posts by zscrooge.

What that means is I will be unable to read their posts.....so don't expect any responses to anything they post in future. If you find they are still filling the boards with nonsense posts, I would suggest emailed Moneyam support and complaining.

If anyone wishes to "Squelch" this poster then click on the link below, and add their name to your "Squelch" list.

http://www.moneyam.com/InvestorsRoom/squelch.php

Interims out.

http://www.investegate.co.uk/Article.aspx?id=200803260700577491Q


Caution in the outlook, still looking for funding for working cap imo, placing coming ? .


"Outlook

ZTC experienced a positive first half year to 31 December 2007. However, the
severe winter conditions in China during the early part of 2008 impacted both
sales and distribution of handsets in the run-up to the important Chinese New
Year holiday. I am pleased to report that, following this disruption, we are now seeing a return to normal trading conditions with sales running at anticipated levels.

We have signed our largest distribution agreement so far and, provided we can
support the increased levels of working capital required, we are confident that
ZTC will continue to be well positioned to take advantage of this growth. While
we remain aware of the risks of increasing competition in local markets, the
continued acceptance of our recent product launches gives the Board optimism for the full year."

Doesn't look too good!

http://www.investegate.co.uk/Article.aspx?id=200812221014325813K