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steve fleming
13-11-2004, 12:17 AM
GCN - Go Connect - got a mention on the HWW thread...

just thought i'd raise this little query with you share traders out there- would appreciate any feedback/answers

as Tommy correctly pointed out, GCN was one of the first free ISP's, since then it has develepod technology similar to Real Player which allows one to view movies/video content on Mobiles and other applications, and has a diverse number of other revenue streams....it has some pretty impressive relationships with Microsoft, O2, etc...etc....it has also recently appointed the son of one of Aus's wealthiest families as an executive director.( and no..not a Packer/Murdoch, luckily/and or otherwise)...anyway the talk is that this company has a lot of potential...slight problem in that at the moment its not making money and burning cash!!....but anyway.....

the thing is ...GCN has: 348mill share on issue
@.05 cents market cap = $17.5 million


now of these shares 188,000,000 (54.6%) are owned by its listed parent Sino Securities International Limited (SSI) = worth $9.5 million (sino.com.au)

You would think that the market would value SSI ( a little Melbourne- based investment banking co, been around for 15 or so years) at say about $12 - $15m, given its $10m interest in GCN(+ premium for control) and its other bits and pieces and value as a listed entity etc..etc.....


But no...SSI at 16cents is currently valued at $2mil....say you attribute a value of $1m to SSI's other interests (SSI has no debt...save trade payables)....then the market is only valuing its $10mill GCN investment at say $1million!!!!! ( rough estimations only)

which begs the questions:

1) CURRENTLY.... if you want exposure to GCN, why not just get it through SSI where you can effectively buy a GCN share for a tenth of the price, and for less risk? - ( ie if things go bad for GCN you still have SSI's other interests to fall back on ) ( the ultimate in Finance/CAPM theory - HIGHER returns for LOWER risk )!!!!

2) BUT!!!!!!! ......if things turn out well for GCN....say they reach the 60 cents that the broker's report ( 12 month price target ) on the GCN Website (goconnect.com.au)suggests MAY be possible....that would give GCN a market cap of $208million .......and SSI's 54.6% interest worth $114million .One wonders what impact (if any!!!) this may have on SSI"s market cap (which currrently stands at $2m) given that ( in the event that GCN does go reach 60 cents) it would have an investment in a subsidiary worth $114 million......? hmmmmmm.........



Am i too simple?....am i missing something?.why such a difference in value between SSi and GCN?...have i had a couple too many beers ( Jimmy Squires - sorry Robbo!!) in the city after a tough friday in the office? ....or am i just talking sh*t to myslef about two stocks that noone, cept me, gives a t*ss about? Most importantly, why i am still at home on a Friday night, typing out some post which is taking forever when i could be out drinking more jimmy squires?

Some wise man ....or could have been wise woman...just never know with these internet nicknames...anyway some wise person...., alot smarter than me, on another forum, sometime ago...once said about SSI, and i quote this wise person " SSI has to be the dodgiest stock on the ASX"( and that is one hella rap! i was most impressed).....because remember for every seller there is a buyer....remember for every buyer there is a seller.......remember there are TWO sides to every story......the question is...is the SSI/GCN story going to be a fairytale with the happiest of endings or everyones worst nightmare....who knows?.....only time will tell.......hmmmmm..........

Cheers

Steve

tommy
13-11-2004, 07:06 PM
GCN is an interesting company STEVE and thanks for starting this thread!
Due to my mobile technology fetish, I have decided to put my two cents worth:)

For those not familiar with GCN, may I suggest you read:
http://www.goconnect.com.au/corporate/pdf/research.pdf

In my opinion, I think it will be TOUGH for this company to gain the critical mass required to turn cashflow positive... the only product/service/technology that appears to be a potential money maker is their mobile video offering, m-Vision.
I will NOT comment on their other stuff, as they face way too much serious competition within an already established market and do not appear to have a competitive edge against any of the current market leaders.

"m-vision" is "a unique media delivery platform for mobile devices that gives you the power of television on the go. m-Vision truly is mobile entertainment, available anytime, anywhere" (directly quoted from their website).
http://www.m-vision.tv/

m-vision seems like a good idea, and personally, I like it a lot. Unfortunately, however, that's got nothing to do with whether it will make enough money for GCN!

First, they need to make available a wide variety of high quality content on m-vision platform, as aptly pointed out in the above report. No one is going to download their software and subscribe to their pay service if the content is not compelling. But who is going to invest more to improve the content if there isn't a big audience on this platform? I assume they are going to have to outsource the majority if not all of the content production to content providers, but content providers are going to be reluctant to invest a lot of money in a yet-to-be-established media platform. Unfortunately I do not understand m-vision's business model in terms of content strategy in association with revenue streams so I hope someone can enlighten me... (licensing and subscription? commission from content providers?)

Secondly, they need more partnerships and licensing arrangements with hardware manufacturers/mobile carriers so that their software can be preinstalled in mobile devices and mobile phones. The fact that it's dedicated to Microsoft is great, but whether that alone is enough to gain critical mass is highly questionable IMHO. They are also taking a huge risk by basically isolating themselves from the non-Microsoft league, namely, those operating Palms (in the PDA market) and Symbian (mobile phone OS). You have to remember that Microsoft is essentially an OS and software company for PCs and has only recently entered the field of hardware (game console= Xbox) and mobile devices (OS: Pocket PCs). It may take quite some time for Microsoft to establish dominance (if ever) in the mobile arena, especially because they are going to have to compete against Sony/Ericsson, Panasonic, Toshiba, Samsung, Nokia and other such heavyweight hardware manufacturers with a global presence which are not necessarily Microsoft-friendly (despite their piecemeal alliances in some business segments).

Interest shown by Motorola and O2 Malaysia is encouraging but far from compelling in this extremely competitive field. Approaching mobile carriers like Telstra (for upcoming i-mode on 2.5G and eventually FOMA on 3G) may be a good idea, but perhaps Singtel (Optus), Hutchison ("3") and Vodafone may be better considering that they operate in more than one country... it would be absolutely brilliant if they can get endorsement by Japanese mobile carrier DoCoMo who now has i-mode operating in Europe as well. If GCN can persuade these companies to endorse the m-vision platform, they will gain the exposure and subscriber base they need internationally. Without such alliances, m-vision might just disappear before decent content is provided, before it is really given a chance.

One technology company that is already aggressively experimenting in this mobile content technology field is Macromedia, see http://www.macromedia.com/mobile/.
Strategically, GCN can learn a lot from them.

In terms of mobile video, NTT DoC

steve fleming
13-11-2004, 08:03 PM
Hey Tommy,

some very good points you raised about GCN... you obviously are very knowledgeable in this area.... i couldn't agree with you more about the fact that GCN needs good content and critical mass before it has any chance of being profitable...however i note that the company is concentrating on these areas ....in this regard they have recently negotiated with the ABC to display content. ....but until you start to see the cash coming through the door the company is going to remain very speculative......

That said....and i note your comments concerning the possibility of being taken over by Microsoft...in fact the chairman sorted hinted at such at the AGM ...."Any major media company eyeing the mobile media market will find that a strategic alliance with GCN or “ownership” of GCN’s m-Vision platform will provide the early mover advantage to secure a substantial portion of the mobile media market."

Now....and this is where SSI comes into the picture......

if a "major media company" was looking at buying into GCN, the first port of call would be to GCN's major shareholder, SSI , essentially a venture capitalist.....who would be pretty happy to liquidate their investment...one would imagine!!!

Now ..... hypothetically lets say this "major media company" offered SSI 5c per GCN share ( ie the 12 month low price of GCN!!) ....then SSI would receive $9.5 million cold hard $$$$'s....not bad for a company which at the moment only has a market cap of $2 million......realistically though say they offered 10 cents share ....this would give SSI $19 million cold hard $$$$'s......not bad for a company which at the moment only has a market cap of $2 million

so essentially i am saying that there MAY POSSIBLY be some upside in SSI ...should one be willing to take the risk......

And of course, should SSI hold on to their stake, and GCN is succesful.......well....hmmmmmm....but of course one must take into account the risks that you have raised in your post

anyway mate...good stuff.....hope you keep that mobile technology fetish under control!!!!

Cheers

Steve

tommy
09-12-2004, 08:26 PM
Not much happening with GCN lately, no rumours or hypes either... perhaps not surprising considering m-vision's poor penetration so far?

Look at how many people have downloaded m-vision from PocketGear,com: 9,331

http://www.pocketgear.com/software_detail.asp?id=14955

and PDAtopsoft.com: 1794

http://tungsten.pdatopsoft.com/software/index.php?ss=88&

Far from becoming a mobile platform... at least for the time being.

steve fleming
24-03-2005, 07:47 AM
Anyone have any thoughts on this announcement:....or is it just another dodgy SSI offering?


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

SINO SECURITIES INTERNATIONAL LIMITED
ABN 99 006 620 739

23 March 2005 No of pages: - 1 -
(including this page)
Australian Stock Exchange
Company Announcements Platform
Dear Sir/Madam
Re: Mandate to manage listing of China Gaming Holding Ltd
We are pleased to advise that Sino Investment Services Pty Ltd, a wholly owned subsidiary of Sino Securities International Ltd (“SSI”), has been awarded a mandate to manage the listing of China Gaming Holding Ltd (“CGH”) on major Western stock
exchanges, including the ASX. CGH will be the first gaming business in China to be listed on any major stock exchange which international investors can participate in.

CGH has already a working relationship with ASX listed SSI subsidiary, GoConnect Ltd (“GCN”) in developing mobile gaming in China, making use of GCN’s mobile gaming application, Mobile8888. An Initial Public Offering (“IPO”) will be made with exclusive entitlements to invest in CGH on a one for one basis going to
shareholders of SSI and GCN. Shareholders of SSI and GCN will need to have a minimum number of shares in either company in order to qualify for the exclusive entitlement offer. Further details of the entitlement offer and that of the IPO will be provided at a later stage.
Yours faithfully
Richard Li
Managing Director

dieter
24-03-2005, 10:49 PM
No body,or very few people recgnize what the above means. Simply put GCN/SSI shareholders will get a free ride to a gambling venture in CHINA---THE WORLDS CAPITAL OF GAMBLING....When HK investors wake up we will see sever tpwards action...

25-03-2005, 10:51 AM
Steve Fleming, Richard Li is he the one that sucked Ziggy & Telstra in.

steve fleming
25-03-2005, 11:55 AM
quote:Originally posted by ENIGMA

Steve Fleming, Richard Li is he the one that sucked Ziggy & Telstra in.


Enigma...this should clear things up---

Monday, April 8, 2002
The other Richard Li

LACHLAN COLQUHOUN

Before Australians had heard of Richard Li Tzar-kai, son of Li Ka-shing, they knew about Richard Li, the stockbroker from Melbourne company Sino Securities.

Like the Pacific Century CyberWorks chief, Melbourne's Richard Li was born in Hong Kong, but went to Australia at the age of 19 to study and it has been his home since.

After 30 years in Australia, Mr Li has built up a profile in the business world as an investment banker and venture capitalist through his role as managing director of Sino Securities, one of Australia's first listed investment houses.

Mr Li, 49, jokingly lays claim to the title of the "real" Richard Li.

"I must be the original Richard Li - the other one is just a spring chicken," he said.

The age difference, however, has not stopped the Australian press from frequently confusing the two men, to the extent that photographs have been mixed up erroneously on articles about their various business activities.

"There was a big article in one of the local newspapers about the other Richard Li, with my photograph, saying I had lost a billion dollars," Mr Li said.

"I had some friends who rang me and said I should be suing the paper, but I thought that if I could afford to lose a billion there must be something good about me - it was good press."

While Hong Kong's Richard Li is by far the more celebrated and widely known of the two, Melbourne's has some significant business achievements of his own, even if - a market capitalisation of about A$10 million (HK$41.3 million) - his company is playing in a different league.

Beginning his career as a fund manager for National Mutual, which is now AXA Asia Pacific, Mr Li went to work for Australian investment house Ord Minnett before founding Sino Securities, which listed on the Australian Stock Exchange (ASX) in 1987, six months before the market crash of that year.

In its earliest incarnation, Sino Securities was known as Australia's main "Chinese connection", as Mr Li brought mainland and Hong Kong companies to Australia for listing on the Australian exchange.

These were the days when so-called "China concept" companies were lured to Australia for listing as part of the ASX's plan to spread its sphere of influence into the Asia-Pacific, and as an opportunity for Australian investors to have access to what was then a boom in China stocks.

It even led to the creation of a "China Index" for these companies listed on the ASX, but all that was swept away by the Asian crisis of 1997-98 and the increasing globalisation of share trading across borders.

Sino has been involved with about 10 floats over the years and they have not all been without controversy.

In 1996, Mr Li had his most concentrated burst of publicity when the Australian float of Guangdong Corp, which Sino underwrote, became ensnared in politics in his home state of Victoria.

Felicity Kennett, the wife of then-Victoria premier Jeff Kennett, was allegedly allocated shares in Guangdong after the 1993 float had closed oversubscribed.

Mr Li always steadfastly rejected the claims of political favouritism which sprang from the incident, but for many Australians this unwanted publicity was Mr Li's 15 minutes of fame.

Away from that spotlight, Mr Li concentrated on his business, which at that time was largely based around using his Chinese connections to set up business opportunities linked to his network of investors in Australia.

But after the good years of the early and mid 1990s, the 1997-98 crisis prompted a major change of strategy.

"The Asian crisis hit that market for Chinese companies very hard, so back in 1998

steve fleming
25-03-2005, 11:58 AM
quote:Originally posted by dieter

No body,or very few people recgnize what the above means. Simply put GCN/SSI shareholders will get a free ride to a gambling venture in CHINA---THE WORLDS CAPITAL OF GAMBLING....When HK investors wake up we will see sever tpwards action...


Dieter, i hope you are right, my friend,... I hope you are right.

An SSI price increase is way overdue.

Another micro-cap security which is fundamentally way underpriced in my opinion.

dieter
25-03-2005, 12:31 PM
quote:Originally posted by steve fleming


quote:Originally posted by dieter

No body,or very few people recgnize what the above means. Simply put GCN/SSI shareholders will get a free ride to a gambling venture in CHINA---THE WORLDS CAPITAL OF GAMBLING....When HK investors wake up we will see sever tpwards action...


Dieter, i hope you are right, my friend,... I hope you are right.

An SSI price increase is way overdue.

Another micro-cap security which is fundamentally way underpriced in my opinion.





Found on that other site--usefull background
and ssi ---a new deal


SSI and GCN have announced that they are soon to JV in China in mobile gameing so I trhought I would share this and show how gaming stocks with Macau interest, a place with 200,000 people, can be so very hot. Then what about the place with 1.3 billion people who China Gaming Holding will service. Afterall, Macau concept stock frenzy is due to the concept that it is close to the 1.3 billion people who may gamble there, but what about the place where the 1.3 billion actuallly reside???

These stocks have gone up by 10 to 30 times in the past 12 months. How many times should the proposed new listing to be handled by SSI go up by?

SSI and GCN shareholders will get entitlements to this.



The article I found was this


WSJ's Heard on the Street: Macau casinos may be good bet Wednesday, February 23, 2005

By Craig Karmin, The Wall Street Journal

Global investors are placing a big bet on Chinese gambling.


Shares of Las Vegas Sands Corp., which operates a lucrative casino in China's Macau territory, have soared 64 percent on the New York Stock Exchange since the company's initial public offering of stock in December. Wynn Resorts Ltd., which is poised to open its own Macau casino in 2006, has jumped 105 percent over the past 52 weeks in Nasdaq Stock Market trading.


But money managers eager to double down their bets are playing two Chinese companies with the most direct exposure to Macau's gambling, hotels, transportation and tourism: Shun Tak Holdings and Melco International Development. Both stocks are listed only in Hong Kong, but U.S. investors can buy them through certain brokers, usually with an additional fee.


Analysts say it is only a matter of time until Macau surpasses Las Vegas as the world's largest and most-profitable gambling and convention center. The former Portuguese colony is just 40 miles from Hong Kong and is the only place on mainland China where casinos are permitted.


"This is a real long-term growth story," says Alexander Muromcew, portfolio manager with TIAA-CREF. The big pension fund -- formally known as Teachers Insurance and Annuity Association-College Retirement Equities Fund _ owns shares of Shun Tak, Melco, and Far East Consortium, a Hong Kong-based property company that is developing Macau casinos.


With Chinese enthusiasm for gambling and the territory's boomtown prospects, there is little doubt these stocks offer a chance to hit the jackpot. But since these stocks already have had a big run and with questions over investor protections _ the odds may be longer than many investors think.


There already are concerns about overdevelopment as new operators rush in hoping to lure the world's high-rollers, many of them Asians, away from Las Vegas. Goldman Sachs warns that the number of Macau gambling tables is poised to rise to 3,700 by 2008 from 845 at the end of last year. That compares with about 2,500 tables currently on the Las Vegas strip. "If demand fails to meet the new supply, this could lead to declining returns in Macau's gaming sector," Goldman says.


Me

steve fleming
25-03-2005, 01:02 PM
Current market cap SSI = 3 million

Current market cap GCN = 23 million

Value of SSI's GCN investment = 53% * 23= 12 million + ( control )
Value of SSI's other assets etc = 1 million estimate
Value of SSI's China Gaming deal = ?????

absolute minimum value of SSI = $13 million

Current market cap SSI = $3 million

????

dieter
29-03-2005, 02:45 PM
The following article is very relevant if GoConnect's mobile8888 is to be the first mobile gaming solution to be established in China. With these forecast numbers, it is not difficult to understand why it is in the interest of China gaming Holding to incorporate GCN's mobile8888 as part of its business. But note in particular this paragraph:
Governments are generally less censorious about lotteries than other forms of gambling, with the result that mobile lotteries are likely to become established fairly quickly in a greater number of markets. Given the ubiquity of the lottery culture, it will only require a very small percentage of players to buy their tickets via the mobile handset for the resulting global revenues to run into billions of dollars.

The Chinese government is in fact more likely to embrace mobile8888 as it will provide a very high degree of control of the gaming industry to them. They just have to order that no more than xx number of mobile8888 be issued, then the number of people using it will be fixed and controlled. Read on

Lotteries, Betting & Casino-Style Gambling to Generate Over $2bn for the Mobile Phone Industry in 2006
HAMPSHIRE, UK -- (MARKET WIRE) -- 02/22/2005 -- A rapid proliferation of mobile casinos, lotteries and sports betting services should see gross revenues from mobile gambling mushroom to more than US$19.3bn by 2009, according to a new report from Juniper Research.

The report reveals that lotteries will be the largest money-spinners, with gross revenues of nearly US$7.9bn worldwide by 2009, followed by sports betting (US$6.9bn) and casino-style gaming (US$4.5bn).

According to report author Dr. Windsor Holden, "Governments are generally less censorious about lotteries than other forms of gambling, with the result that mobile lotteries are likely to become established fairly quickly in a greater number of markets. Given the ubiquity of the lottery culture, it will only require a very small percentage of players to buy their tickets via the mobile handset for the resulting global revenues to run into billions of dollars."

Dr. Holden added that if existing prohibitions on casinos and betting services are lifted, then overall revenues could be substantially higher.

"These forecasts are based on the premise that a number of countries -- most notably the US and China -- will remain strongly opposed to the introduction of most mobile gambling services in the short and medium term. Should this situation change, then quite clearly the figures would be revised upwards to reflect this."

Other findings from the report include:

-- 2005 will see total mobile gambling revenues pass the US$2 billion
mark, including more than US$800 million on sports bets.
-- By 2009, the Asia-Pacific region will contribute the largest share of
total gross revenues (39%) followed by Europe (37%) and North America
(15%).
-- Total European gambling revenues are expected to rise from US$202
million in 2004 to more than US$7.2 billion in 2009, with European sports
betting revenues up from US$110 million to US$3 billion.
-- Despite the regulatory constraints, 7.6 million North Americans are
expected to use mobile sports betting services by 2009, with more than five
million using casino-style services.

White papers and further details of the new study "Mobile Gambling: Casinos, Lotteries & Betting (second edition)" can be obtained at www.juniperresearch.com, or via Michele Ince at micheleince@juniperresearch.com, Telephone +44(0)1256 345612.

Juniper Research provides analytical services to the global hi-tech communications sector, providing analyst reports, consultancy and industry surveys.

steve fleming
30-03-2005, 10:12 PM
interesting stuff Dieter, if the article is correct in identifying the mobile gaming market to be potentially worth $2b a year, you would think that GCN would be well placed to take a slice of the action or at least, given their in house technology, form some sort of JV/partnership with a global player.

Market certainly treated GCN kindly today, up 17% on substantial volume....

steve fleming
31-03-2005, 06:31 PM
Anybody got some SSI shares they want to sell???

SSI up 40% since start of the week...no sellers left...all the sellers have been taken out!!

dieter
31-03-2005, 10:59 PM
Steve
You correctly identified strange misfitting valuations of SSI/GCN.... SSI is a HUGE leverage play...no wonder they were cleared out today....may charts have them with enormous blue sky....good luck trying to buy...I susspect a very quick leap to 50c befor any stock is shaken out.....remember most investors in this stock hold
at $3.00+

steve fleming
04-04-2005, 05:59 PM
I think you could be right Dieter,

Here is an update from the horse’s mouth re SSI and GCN,

Pleasing news concerning GCN…now “starting to generate ongoing earnings”…..

Should be good times ahead……

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

Dear Steve,

At this point in time we are not releasing further news on CGH. I would
expect this will be the case up until a prospectus is published.

The movement in SSI could be related to either CGH or GoConnect ("GCN"), as
GCN is starting to generate some ongoing earnings.

_____________________________
Ian A. Johnston
Sino Investment Services Pty Ltd
Level 3, 43-51 Queen Street,
MELBOURNE VIC 3000

dieter
05-04-2005, 02:53 PM
Official GoConnect Press Release – 5 April 2005
Launch of GoConnect’s first mobile Internet portal
mobile8888.com
GoConnect Australia Pty Ltd (GoConnect), a wholly owned subsidiary of the
Australian listed GoConnect Ltd (“GCN”) has launched its first mobile Internet
WAP portal mobile8888.com. Any mobile phone user with access to the
Internet via GPRS or 3G can key in mobile8888.com via the mobile browser
and gain access to the site to commence mobile net surfing experience.
mobile8888 consolidates GoConnect’s mobile media strategy, while helping to
extend the market reach of existing mobile products, m-Vision and Direct
Assist.
The explosive growth of fixed-line Internet media of the past few years has
demonstrated that, given the convenience and the accessibility, mobile
Internet portals are likely to experience the same, if not more, explosive
growth in consumer popularity. Most new mobile phones sold today are
enabled with Internet access and increasingly, consumers will want that
mobile Internet experience so that they can surf the net while on the go,
anytime, anywhere. Over the last few years GPRS costs have dropped
significantly adding to increased demand for mobile Internet media. Moreover,
with many more mobile phone users than PC users, there is every possibility
that mobile Internet usage will eventually exceed that of fixed-line Internet.
Richard Li, Executive Chairman of GCN said, “Given the limited keypad
functionality on a mobile phone, mobile8888.com delivers the mobile Internet
experience to the average mobile consumers with ease and simplicity,
providing one-click access to many different mobile Internet sites.
mobile8888.com provides a simple and convenient gateway to access a
range of mobile Internet sites including news, entertainment, gaming,
employment, directory assistance, mobile videos, and search function. This
list will continue to grow to provide an even richer mobile media experience
over time.”
mobile8888’s business is based on an advertising model.
For media enquiries, please contact Mr Richard Li, Chairman, GoConnect Ltd
on +61 3 99937000 or email media@goconnect.com.au.

tommy
05-04-2005, 03:13 PM
Thanks for the cutandpaste job dieter,

Haven't been doing much research on GCN lately... is this portal based on just WAP or WAP2??


quote:Originally posted by dieter

Official GoConnect Press Release – 5 April 2005
Launch of GoConnect’s first mobile Internet portal
mobile8888.com
GoConnect Australia Pty Ltd (GoConnect), a wholly owned subsidiary of the
Australian listed GoConnect Ltd (“GCN”) has launched its first mobile Internet
WAP portal mobile8888.com. Any mobile phone user with access to the
Internet via GPRS or 3G can key in mobile8888.com via the mobile browser
and gain access to the site to commence mobile net surfing experience.
mobile8888 consolidates GoConnect’s mobile media strategy, while helping to
extend the market reach of existing mobile products, m-Vision and Direct
Assist.
The explosive growth of fixed-line Internet media of the past few years has
demonstrated that, given the convenience and the accessibility, mobile
Internet portals are likely to experience the same, if not more, explosive
growth in consumer popularity. Most new mobile phones sold today are
enabled with Internet access and increasingly, consumers will want that
mobile Internet experience so that they can surf the net while on the go,
anytime, anywhere. Over the last few years GPRS costs have dropped
significantly adding to increased demand for mobile Internet media. Moreover,
with many more mobile phone users than PC users, there is every possibility
that mobile Internet usage will eventually exceed that of fixed-line Internet.
Richard Li, Executive Chairman of GCN said, “Given the limited keypad
functionality on a mobile phone, mobile8888.com delivers the mobile Internet
experience to the average mobile consumers with ease and simplicity,
providing one-click access to many different mobile Internet sites.
mobile8888.com provides a simple and convenient gateway to access a
range of mobile Internet sites including news, entertainment, gaming,
employment, directory assistance, mobile videos, and search function. This
list will continue to grow to provide an even richer mobile media experience
over time.”
mobile8888’s business is based on an advertising model.
For media enquiries, please contact Mr Richard Li, Chairman, GoConnect Ltd
on +61 3 99937000 or email media@goconnect.com.au.

Damo79
14-04-2005, 12:51 PM
I wouldn't want to be trying to sell any SSI shares right now. Last traded price, 29 cents. Bid price, 10 cents!!!

steve fleming
14-04-2005, 01:13 PM
quote:Originally posted by Damo79

I wouldn't want to be trying to sell any SSI shares right now. Last traded price, 29 cents. Bid price, 10 cents!!!


Damo 1979,

With respect, why would you even consider selling your SSI shares????

( Notwithstanding the fact that they have gone up 81.25% (16 to 29) since SSI was first mentioned in November….)

cheers

Damo79
14-04-2005, 01:22 PM
Hiya Steve

I don't actually have any SSI shares, but do have them on a watchlist after reading your posts. I have to say I'm keeping a very close eye on them.

As you have pointed out, their investment in GCN is worth about 3 times their actual market capitalization. However, that can only actually be realized as a profit if someone were to buy them out, or if GCN starts generating some decent income. The second may be needed to precipitate the first. For me, I'm watching GCN announcements. The moment it looks like they can make a positive cashflow, SSI is worth at the very least the price of their holding in GCN, which would make it a good buy at up to 70 cents.

Until GCN does prove it's worth, however, SSI's holding is only of value on paper. That said, if I did have any money in SSI, there'd be no way I'd consider the 10 cent bid.

By for now.

Damo

dieter
11-05-2005, 05:38 PM
SSI is going against the market trend now well bid at 34/5 with little selling a sharp move upwards on any good news is very likely..

SSI has very strong connections into China and has recieved a Mandate from China Gaming ,this company has applications for KENO permits from the Govt. I have heard that China gamein is very close to the well known CITIC Pacific Group I suspect its a lot deeper than this,but if SSI with only 15 mill on issue become a listing veichle the $$$,let alone its value in GCN shares.

It has been announced that GCN will be involved in any deal as its mobile portal has the ability to become a virtual digital TV broadcaster of results.
The telco infrastructure in CHINA is very well suited to this and fits in nicely with CITI Pacific assets

tommy
11-05-2005, 11:44 PM
Hi all GCN/SSI watchers,

Interesting that you mentioned CITIC dieter, I have been keeping an eye on CITIC too for a while...

SSI and GCN are interesting but I find it very difficult to assess their fundamentals because their share price seems to be supported primarily by forward-looking statements and unrealized gains (especially SSI). That said, they are still definitely worth keeping an eye on[:I]

Good luck to all holders!

dieter
16-05-2005, 12:51 PM
looks like the next step into China Gaming (KENO)

Looks set to reopen at 40=


Australian Stock Exchange
Company Announcements Platform
Dear Sir/Madam
Re: Significant transaction
The directors of Sino Securities International Ltd (“SSI”) wish to advise that the
company has entered into an agreement regarding a transaction that will have a major
positive financial impact on the company. Accordingly, the directors request a
trading halt to the company’s shares pending the release of a separate announcement
to the ASX.
Yours sincerely
Richard Li
Managing Director
Sino Securities International Ltd

also I found this on that other forum.

Well Angus -Alpha, we have copped continuous crap from you for years on these two stocks, I suggest you get off the merrygoround,

On SSI entry to CHINA gaming looks a certainity, a search of the share register sees Mr Bruce Mathesion as its largest shareholder, OH !! its a little coincident that he has more slots machines under his control than Kerry Packer.

Keno in China is Govt regulated and at a recent tender for Permits SSI mandated partner was possibly successful,being Govt regulated means a quick path to success.

GCN and SSI shareholders will participate in this venture (see previous announcement)..

ALPHA get with the times...

steve fleming
16-05-2005, 01:13 PM
quote:Originally posted by dieter

looks like the next step into China Gaming (KENO)

Looks set to reopen at 40=



Opened at 65....very nice!!!

tommy
16-05-2005, 02:39 PM
Yo Steve,

Well done mate, SSI up 114.29% now to $0.75. literally skyrocketing! I never actually got to hold SSI unfortunately, I didn't expect SSI to take off so soon!

Anyway, congrats for the good pick;)

steve fleming
16-05-2005, 07:24 PM
quote:Originally posted by tommy

Yo Steve,

Well done mate, SSI up 114.29% now to $0.75. literally skyrocketing! I never actually got to hold SSI unfortunately, I didn't expect SSI to take off so soon!

Anyway, congrats for the good pick;)


Cheers Tommy!

from 16 cents to $1.00 inside 6 months!!

now i just need another couple to take off like SSI as well!

cheers mate.

tommy
16-05-2005, 07:43 PM
Hi Steve,

Great to see that your have truly been given a high reward for this high risk investment! (I was too scared to make a punt!!)

I suppose you're gonna hold SSI for a while to see how high it can go in the days ahead... or have you already sold some? Sell side has been very thin!

Do you have any other potential multiple-baggers in your radar at present?

steve fleming
16-05-2005, 09:21 PM
quote:Originally posted by tommy

Hi Steve,

Great to see that your have truly been given a high reward for this high risk investment! (I was too scared to make a punt!!)

I suppose you're gonna hold SSI for a while to see how high it can go in the days ahead... or have you already sold some? Sell side has been very thin!

Do you have any other potential multiple-baggers in your radar at present?






Hey Tommy,

I sold down half this afternoon, i'll see what happens over the next week or so in relation to the rest - there could still be some more value to be had....

As for potential multi-baggers, i'm still trying to find another SSi-type scenario....but Robbo's pick POL looks like it has some potential.....

dieter
17-05-2005, 09:54 AM
This game has only started, I would expect Bruce Mathesion (slot king in Aust) who is a major shareholder to give a hand.....

I am not kiddin its a $10 stock,sure there will be many ups and downs,but this could be the Tattersalls of China.

Its taken me two years to accumulate a few,so I am not a seller

Damo79
17-05-2005, 10:54 AM
Hats off to you Steve. Thanks for trying to bring this cash cow to our attention. Much to my dismay, I did nothing except put it on a watchlist and procrastinate over it. You've done well and I'll try and not be too green with envy [^][^][^][^][^][^][^][^].

Let us all know when you have your next pick :D.

Damo

dieter
18-05-2005, 02:43 PM
SSI is consolidating nicely at 80c after a terrific rise...

Bruce Mathesion--the Australian Pub King and over 15000 slots to his credit---is in his element---would not surprise to see him take a board seat to expidite China Entertainment,not only that Bruce is great mates with Kerry Packer,Kerry has just linked up with Mr Ho in Macau,but if he wants in China mainland he will need a better connection,would not surprise if he joins the new bandwaggon.....

Also sifting through what has been released so far GCN will play a major role,its mobile888 portal is just whats is needed to deliver wirless gaming,those crafty chinese will inherit GCN control when CE is merged-----I bet they have a plan here....

GCN price could surprise all.....its not easy to buy SSI as only 15 mill on issue ,but GCN under 7.0cents is another matter

steve fleming
18-05-2005, 07:35 PM
Hi Dieter,

Some good points – also Matheson was previously a director, maybe even Chairman, i think of SSI until about 3 or 4 years ago…

Some cautions though – GCN despite all its promises, products and associations in Australia, Europe and India is still only earning revenues of about $100,000 a quarter and most of that is from its ISP services….any sp increase has to be supported by future earnings and it will be interesting to see the financials of China Entertainment when they are released….

I have held shares in online gaming company/casino Lasseters (LAS) for several years now…...and despite an efficient world wide business model is yet to really set the world on fire in a very competitive environment…… being in the gaming sector is no guarantee of financial success

That was my rationale behind selling some of my SSI ….and also wanted to lock in a 400% profit….


Both SSI and GCN need substantial capital injection to really move forward to the next level and It will be interesting to see how much china entertainment subscribe to at 60 cents….

tommy
18-05-2005, 09:32 PM
I'm not sure about GCN's competitive advantage in regards to mobile888... does any one have detailed information about this platform? There seems to be too little information on the specifics.

As steve pointed out, GCN's current market capitalization appears to be based on a lot of unproven assumptions (which is why I bottled out from investing in SSI too!)

dieter
19-05-2005, 01:54 PM
I sent this forum discussion to my broker and got this response

Dieter

It is not right to compare China gaming with online gaming, just as you do not compare Tattertall's with online gaming. In particular, gaming industry in China has only just begun, despite the fact that revenue grew at 33% compound p.a. for years from just lottery sales. The addition of keno and later slot machines will drive revenue much further. Whoever is first in will secure the first mover advantage. That is why SSI's entry to the China gaming market at this point is such a smart move and will enjoy the fast exponential growth. That is why SSI's access to someone like Mathieson with his knowledge of gaming will be so beneficial to the company. He can really tell the Chinese/SSI where the opportunities will be as Australia must be 20 to 30 years ahead of the gaming industry in China. Mathieson is the biggest in this country in gaming and it just so happened, he is also the biggest shareholder in SSI with 15%. Mathieson has not come this far without knowing what to do with gaming. SSI will be be able to use his expertise and acumen to fast track its China gaming business. And as to Mr Packer, well, he can only skirt around Mainland China with Stanley Ho in Macau while SSI has quietly stolen the March on him and gone straight to Shanghai. Sometimes it takes more than money to talk, it is who you know.

reprinted with permission

K9
19-05-2005, 02:16 PM
Congrats Steve F and others ...dieter

well spotted Steve early on

impressive gains.

:)

dieter
19-05-2005, 04:51 PM
quote:Originally posted by tommy

I'm not sure about GCN's competitive advantage in regards to mobile888... does any one have detailed information about this platform? There seems to be too little information on the specifics.

As steve pointed out, GCN's current market capitalization appears to be based on a lot of unproven assumptions (which is why I bottled out from investing in SSI too!)


I suspect that the Chinese brethern will join up on this push, I note several shareholders of GCN are in HK. The local HK TV stations using mobile888.com wireless portal seems logical.

they are from a Google search

Hong Kong: TV Stations in Hong Kong [Hongkong]



Television Broadcasts Limited (TVB)
TVB City
77 Chun Choi Street
Tseung Kwan O Industrial Estate
Tseung Kwan O
Kowloon

Tel: +852 2335 9123
Fax: +852 2358 1300
Web: www.tvb.com

Operates Jade Channel (Chinese) and Pearl Channel (English)

Asia Television Limited (ATV)
81 Broadcast Drive
Kowloon

Tel: +852 2992 8888
Fax: +852 2338 0438

Web: www.hkatv.htm

Operates Home Channel (Chinese) and World Channel (English)

TVB and ATV are required to carry educational and public-service programmes produced by Radio Television Hong Kong (RTHK) at certain times.

dieter
23-05-2005, 12:36 PM
For a small cap company, GCN has done what Packer and Murdoch would be most envious of, broken into the lwo largest markets of the world, China and India and with powerful partners. No doubt the uniqueness of its technologies and first mover advantage have given GCN the edge in firstly impressing its Chinese and Indian partners, and then enabling GCN to lock in its positions in these lucrative markets. GCN has partnered wih the largest media group in India, Times of India to promote its video services to its 30 to 40 mil customers.
In the business of gaming in China, GCN and its parent SSI are now the ONLY 2 listed stocks in the world that investors around the world can invest in to participate directly in the rapidly growing gaming industry of China, compounding at 33% p.a. The ASX has also beaten the Hong Kong and Singapore exchanges in securing the Chinese gaming stock listing but SSI has done even better in effectively BECOMING that Chinese gaming stock. By the sound of recent announcement last week, SSI appears to have secured a major market share in the Shanghai gaming market. If you care to check out the market cap of Macau gaming stocks, you will realise how BIG they now are, in billion dollars, yet they can only skirt around mainland China while SSI/GCN are right in the heart of China in Shanghai. There is a gold rush going on in Chinese gaming, Packer is in it, Steve Wynn is in it, The Sands Venetian group is in it. But they cannot get to the mother lode, to the heart of China. SSI/GCN are, however, sitting on that mother lode of Chinese gaming!!
Just to show how big the Chinese gaming dollars mean to operators, the first US casino to open in Macau, the Sands Casino, costing US$1.8b was projecting 5 years for cpital payback. They got it back in 5 months, and Macau's turnover is now bigger than Las Vegas. But what about the mainland home market, what sbout Shanghai, what about SSI and GCN's mobile gaming mobile8888 now licensed to China Entertainment Holdings soon to become part of SSI anyway.The Australian market is missing something big here simply because of SSI's history but without GCN's technologies, SSI maight not have done the wonderful deal in transforming itself. What then should GCN/SSI's ultimate enterprise value be, $10 to 20 mil or billions for a major share of the Chinese gaming market?

Moonshine
23-05-2005, 04:12 PM
Hi Steve/Dieter/all,

I have followed this thread all along, and my hesitance was justifiably punished when SSI jumped 10 fold.

However, I am unable to separate the big winner from the latest developments... SSI or GCN.

On SP alone, SSI is obviously where the interest is and is clearly the winner. Why then, if there is such a close depedency/relationship between SSI's foray into China and GCN, has GCN's SP not reflected SSI's SP movement at all?

My only conclusion is that GCN is not to stock to invest in... rather, SSI???

Would you mind enlightening me please?

Cheers,

MoonShine

dieter
23-05-2005, 04:28 PM
I said before

".The Australian market is missing something big here simply because of SSI's history but without GCN's technologies, SSI maight not have done the wonderful deal in transforming itself."

GCN has not reacted yet but its technology is essential to quick adoption of GE and an access to TV rights, the China and HK groups will make this happen--"The local HK TV stations using mobile888.com wireless portal seems logical."

No doubt there will be more said later...

dieter
25-05-2005, 04:17 PM
Sales of SSI today at 1.12.

The company has announced relisting in Germany under code xss....Focus Money a German Newsletter no doubt pick this up and run with it...

Further gains are on the cards

Moonshine
26-05-2005, 03:47 PM
Small volumes today... i realise that, but there are some true believers out there!

Currently $1.72 off a high of $1.80 today...

dieter
28-05-2005, 12:11 PM
Talk about the financial media focusing on gaming stocks!! SSI/GCN (XSS/GCK in Germany) are the only 2 listed major players in mainland Chinese gaming, still missed by the wider market. Next to come will be Tattersall's on 2 June, the oldest and biggest lotto company in Australia to be listed. IPO cap value $2bil.

The AFR said on friday

"For a company in the media index, PBL has a lot going on in the gaming space, writes Alan Jury.
Kerry Packer's Publishing & Broadcasting Ltd is suffering a case of mistaken identity that might be costing its shareholders as much as $2.4 billion.

Rapid expansion of its gaming operations over the past year means PBL is now a fully fledged diversified gaming, media and entertainment company one that has market-leading positions and strong cash flows in each of its core businesses.

Yet this is not recognised in PBL's classification in the S&P/ASX stock indices, nor is it recognised by stockbrokers, who continue to assign primary research responsibility to media specialists even though the latter are increasingly recognising gaming as the generator of PBL's future profit growth.

"Our positive view on PBL is predicated not on the expected improvements in the TV area but on the growing earnings from gaming and the associates (including the Melco Asian gaming joint venture) providing a diversified income stream in a softer ad environment," says Morgan Stanley.

Nola Hodgson of UBS adds: "It appears increasingly obvious that gaming is the key plank in PBL's growth strategy, with future opportunities likely to emerge in Asia as well as in Europe."

Nevertheless, PBL is still being priced as a media stock with some interesting growth options in gaming and entertainment. As such, it suffers from not attracting the higher valuations investors appear to give gaming companies compared with broadcasters and publishers.

PBL's shares, according to Bloomberg, are trading at 19 times consensus forecast 2005 earnings per share, while those of rival gaming, media and entertainment company Tabcorp Holdings are trading on a price-earnings multiple of 23.4.

US-listed casino operators such as Harrah's, MGM Mirage, Kerzner International and Las Vegas Sands are on P/Es of 19, 23, 21.6 and 34.4, respectively. PBL's Asian gaming joint-venture partner, Melco International, commands a P/E of 24.

Simply pricing PBL on a similar multiple to Tabcorp would give PBL shareholders an extra $3.50 a share today, or $2.4 billion in aggregate.

Interestingly, it appears as if this valuation issue was indirectly raised by PBL executive chairman James Packer at an analysts' briefing in February.

Packer, according to a note published by Macquarie analyst Alex Pollak, valued PBL's assets then at $13.4 billion, some $1.2 billion higher than Pollak did. Pollak ascribed 11 per cent more value to the TV and magazines businesses than Packer and was 30 per cent under the PBL chief's valuation of the gaming interests.

Valuations are subjective and Pollak's views were not out of line with his peers. More significant is the difference in perception between Packer and the analysts that cover his company.

This confusion about PBL's identity is partly an accident of history, with stock exchange index constructor Standard & Poor's yet to recognise the company's changing dynamic. PBL remains officially categorised as a media stock.

dieter
31-05-2005, 12:41 PM
Sino is now listed in Germany and Bloomberg registers a sale at 1.60 Euro,this is probably exaggerated as there is little on no stock registered overseas.
Listing in Germany normally is followed by Press release/broker/banker review etc...otherwise why do it?

I doubt if they will be slow to accept that SSI is to become the first listed gambling (keno)veichle for investment in mainland China

An advance over $2.00AUD is now very likely...

dieter
01-06-2005, 03:33 PM
Not a week goes by without yet more media attention on the gaming gold rush now going on by major Australian corporates in the Asian gaming markets. Yet China's gaming market, based on just lottery sales alone of US$4.5 bil (2002 figures), is conspicuously absent from the financial press. Introduction of keno and other games is expected to lift the industry revenue by 5 to 6 folds. This is despite the fact that Sino and GoConnect have already and are the only two companies in the world to have secured a major position in the mainland Chinese gaming market. Those who have joined the gold rush so far are drilling some distance away from the mother lode of mainland China gaming. Little do they know that Sino and GoConnect are sitting on that mother lode.

The AFR today published the following


Gaming firms seek Asia jackpot
Jun 01
Alan Jury


Aristocrat Leisure, Publishing & Broadcasting Ltd and Tabcorp Holdings are among global gaming operators jostling to secure footholds in Asia.

And well they might. Spearheaded by Macau, Asia is shaping up as a mecca for the world's gamblers. Plans for several new casinos are on the drawing board, which will give operators the opportunity to tap into the rising discretionary incomes of a region buttressed by two of the world's emerging economic superpowers.

It doesn't hurt, either, that gambling is extremely popular in the region - and Asians already form a large part of the client base for Australian and US-based casinos.

"The traditional major established casino markets of North America, Australia and Europe are now mature and the companies that are based in these markets are now focused globally to secure new growth opportunities," Merrill Lynch's Singapore-based Sean Monaghan says. These opportunities are in Asia, Britain and Eastern Europe - with Asia the most attractive.

For the Australians, Asia offers a double bonus: strong growth prospects and a hedge against the mature, oligopolistic Australian market. Australian governments have capped gaming machine growth, no new casinos are in prospect, and governments are increasingly eroding operators' returns through a combination of harm-minimisation initiatives and higher taxes.


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Paradoxically, gaming stocks feature in brokers' recommendations and institutional portfolios.

For a start, they tend to have low gearing, relatively stable revenues and to return lots of cash to investors through high dividend payout ratios and other capital management initiatives. They also benefit from the industry structure. There are only three casino operators of any size (PBL, Tabcorp and Sky City Entertainment); two wagering companies (Tabcorp and Unitab); and one gaming machine manufacturer (Aristocrat). (Stargames and Ainsworth Game Technology are both small, poorly capitalised companies with minimal market shares.)

Australians, according to the Australian Bureau of Statistics, spend 3.5per cent of household disposable income on gambling. Poker machines capture 62per cent of that spending, casinos receive 16per cent, TABs and bookies get 12per cent and lotteries 10per cent.

Aristocrat and Unitab have been among the best performers in the benchmark S&P/ASX200 Index over the past year.

The brokers' verdict:

PBL is rated a "buy" by nine brokers and a "hold" by one.


Tabcorp has three "buy" recommendations and four "holds".


Unitab has five "buys", one "hold" and one "sell".


Aristocrat has four "buys", three "holds" and one "sell".


Both of the sells - from the same broker - relate to share price gains, not operational issues.

Even Sky City, licensee of the Auckland, Adelaide and Darwin casinos, which two weeks ago issued its second profit downgrade this year due to smoking bans in New Zealand, is rated a "hold" by four of the five Australian brokers that follow it.

Merrill Lynch analyst Paul Facey, who says he can't find a catalyst for a re-rating and thinks 2007 may be the first year the company can regenerate significant growth, has a "h

dieter
06-06-2005, 02:57 PM
More "grist to the mill" today...

6 June 2005
Company Announcement Platform
Australian Stock Exchange
Dear Sir/Madam
Re: Lucky Channel to deliver substantial audience to GoTrek Internet TV and m-
Vision mobile video platforms in China
The directors of GoConnect Ltd (“GCN”) are pleased to advise that GoTrek Pty Ltd
(“GTP”), a wholly owned subsidiary of GCN, has entered into a technology licensing
agreement with Horizon Investment Group Ltd (“Horizon”) for the licensing of the
GoTrek Internet TV and m-Vision mobile video delivery platforms to Horizon for the
People’s Republic of China (“PRC”).
Horizon is the ultimate controlling shareholder of China Entertainment Holdings Ltd, a
company that will be acquired by Sino Securities International Ltd (“SSI”), the parent
company to GCN, subject to shareholders’ approval.
The Lucky Channel will be broadcast nationally within the PRC over analogue TV via
satellite, digital TV via cable, Internet TV via GoTrek, and mobile TV via m- Vision. The
Lucky Channel has the exclusive right to deliver lottery and keno results, interactive
game shows, and sports content nationally. Delivering the Lucky Channel over the four
platforms of analogue, digital, Internet, and mobile will substantially increase the
audience reach of the channel and provide unique cross selling opportunities for all four
platforms, as well as for their advertisers and commercial sponsors. The Lucky Channel
is targeted to be launched before year-end 2005, with an estimated audience reach on all
four platforms of in excess of 100 million people within the PRC.
The agreement between Horizon and GTP is based on revenue sharing. Revenue for the
Lucky Channel will be derived from game show interactive mobile call and SMS
charges, and sponsorship sales. Negotiations are under way to secure interactive game
show content internationally to complement local Chinese production for the Lucky
Channel. The Lucky Channel is expected to have strong appeal to local as well as
international branded advertisers in view of its expected large interactive audience reach
within the PRC and the right to deliver sports content with the lead up to the Olympic
Games in Beijing in 2008.

Moonshine
07-06-2005, 06:12 PM
Up 20% to $2.28

Have to say that I am continually astounded at SSI's continual climb.

Keep waiting for a correction to jump in... but it just keeps going up!

Where is this going to stop?

dieter
07-06-2005, 06:12 PM
found on HC

Comment by Ozequities

*GoConnect cracks the China market ..
GoConnect is up .9c to 8c on 2.2m shares with parent Sino Securities up 38c
to $2.28 on nominal turnover after yesterday's impressive announcement of a
technology licensing agreement for subsidiary GoTrek which means The Lucky
Channel will be broadcast nationally within the PRC over analogue TV via
satellite, digital TV via cable, Internet TV via GoTrek and mobile TV via
m-vision. The Lucky Channel has the exclusive right to deliver lottery and
keno results, interactive game shows and sports content nationally. The
agreement between Horizon and GoTrek is based on revenue sharing, which
could be worth $1 per share to GCN, in time.
Meanwhile, the India deal is believed to be in pilot trials and an
announcement that it is going live with Mumbai film footage and other
material could be imminent.

Moonshine
08-06-2005, 02:41 PM
Hi Dieter,

do you hold SSI or GCN?

Are you able to estimate a short-medium term cap on the extraordinary northwards movement of SSI?

Cheers,

Moonshine

dieter
08-06-2005, 03:10 PM
Moonshine

Yes I am a holder of both GCN and SSI and have so for a few years.

I was a lonely beliver that GCN Gotrek/m-vision would be a godsend to third world countries,particular the most populous, India and China. In both these countries they are making use of todays Broardband technologies have limited hardwire infrastructure.

Sino has had great China connections and it was only a matter of time that a double strategy come into being. SSI deal with China Gameing Group was the start point for GCN . GCN's technology will advance SSI/GE acceptance....

As to future prices.... this will depend on revenues....KENO for an operator is "NO Risk" they will earn say 6-10% of all Keno takings

GCN/Horizon will earn a substancial part of SMS income related to it Interactive Media.....traditionally this can be as high as 50-70%....for example in Oz a SMS costs 15c, in China I think it is about = IRMB=about 15c----lets say 10c/SMS to GCN/Horizon....with over 100 mil mobile users ....you can do your own nos on that...

So as SSI owns aprox 60% GCN, GCN is a great lever for SSI.....its a win win for all

dieter
09-06-2005, 11:27 AM
TalkingStocks.com Announces Executive Interview with Win Win Gaming CEO Patrick Rogers

DALLAS, June 8, 2005 (PRIMEZONE) -- TalkingStocks.com Announces exclusive interview with Win Win Gaming, Inc. (OTCBB:WNWN) CEO Patrick Rogers. In the interview, conducted by Kurt Schemers of Traders Nation, Mr. Rogers discussed the Company's background and plans for its future in mainland China.

"The ability for growth (for internet and wireless gaming) in china is better than anywhere else in the world," Rogers said.

Rogers also discussed Win Win's current financial position and new areas of product development for the next two years.

To listen to the full report, please visit:

http://talkingstocks.com/interviews/WNWN_060805.php

Registration is always free.

About TalkingStocks.com

tommy
11-06-2005, 02:58 PM
Well done to all those who have been holding SSI since the upward trajectory started, didn't expect this microcap to rise so much in such a short period of time.

I have been watching GCN&SSI closely since the beginning of this thread, and thinking how many times I have missed the boat on a stock as a result of procrastinating!

I'm watching GCN also closely, there's a lot of potential but haven't yet taken the plunge... looking forward to seeing future announcements!

dieter
16-06-2005, 11:23 PM
Solid buying today,with one broker taking out over 100,000 shares in SSI at $2.75....probably form overseas....I wonder if it was China bound as SSI/GCN directors have been to Shanghai and Hong Kong to conclude further arrangements for both companies...media for GCN..contractors for gaming SSI no doubt....

The importance is that once Mainland China Press and HK press wake up to whats going on.... a new wave of support can be expected.

This visit will most likely lead to further announcements.....

GCN is still lagging SSI...so I expect some switching to occur particularly when you become aware of the major adoption in China of mobiles.

This market dwarfs anything other than India and GCN has a partner there too

dieter
21-06-2005, 06:21 PM
Everyone's a winner with Chinese lottery boom

BEIJING - The past week has seen records for China's "welfare lottery" smashed in terms of sales and awards. More than 380,000 people had a winning stake in the welfare lottery's 3D game on Friday, with payouts in the No 05154 issue reaching 240 million yuan (US$29 million) - the highest since the first welfare lottery ticket was issued in China in 1987.

The issue's sales across the country hit 78.3 million yuan, meaning more than 160 million yuan had to be earmarked from the overall bonus pool to cover the prizes. Although the payout was more than three times the sales of the previous issue, the overall bonus pool has grown rapidly in size, according to He Yi, director of the Information Office with the China Welfare Lottery Issuing Center.

The welfare lottery saw a weekly sales record of 920 million yuan in the first week of June, with the 3D game's weekly sales topping 506 million yuan, or 55% of total welfare lottery sales. "The welfare lottery has provided impetus to China's welfare development and has been a major factor in preventing the country's public welfare system falling far behind fast economic development," He said. Some 35% of total lottery ticket sales is given to charitable causes, while 50% is sent back into circulation as prize money. The remainder is used to run the lottery. Statistics from the center show that welfare lottery sales had exceeded 22.6 billion yuan by the end of 2004, raising 7.9 billion yuan for the country's public welfare system another record.

China's sports lottery, the welfare lottery's sister, has also grown rapidly since it debuted in 1994. Its sales reached 15.5 billion yuan last year. Several government departments including the Ministry of Finance and the Ministry of Public Security have stepped up a clampdown on illegal lottery sales and underground gambling to guard against financial disorder.

The sale of all lottery tickets other than those for the welfare and sports lotteries, have been banned from the domestic market by the State Council. Peng Zhenqiu, a professor with the Socialism Academy of Shanghai, said China needs a law to regulate the fledgling lottery trade to ensure it helps stimulate economic development.

Lottery sales around the world now amount to US$120 billion a year, with an annual growth of 18%. China's lottery business has grown at a 50% pace annually in recent years, with the country's total lottery sales ranking ninth in the world, statistics show.

dieter
21-06-2005, 07:11 PM
After a fishing investigation--on other players

Did you notice, Tabcorp's deal with Hong Kong company World Metal Holdings, IMHO it could well turn out to be a dud deal. I would be very surprised if some heads will not roll. World Metal Holdings' quoted in HK price went from 4 cents to $1.29 HK from 1/4/05 onward, yet they kept saying there was no news, no negotiation going on. They placed 20% of itself at 2.6 HK cents on 8/3/05 and snnounced on 31/3 that they were in discussion with a third party which might lead to business development, or issue pf new shares. Thereafter no further announcement while the price kept rising. On 8/4/05 the chairman sold down 10.15% of the company from his holding in the company when the price was HK 14.7 cents, reducing his interest to 50.75%.

One concludes that Tabcorp could have been used to run share prices.

I would be surprised if HK regulators are not already looking into this.

World Metal's CEO, who was also executive director and compliance officer resigned effective on 1/4/05 as well, the day the price started to rise, what a coincidence.

One hopes that Tabcorp was not very naive in their quest for the China dream.

World Metal is now capitalised at HK1.2 bil, a rise from 4 cents on 30/3 to now HK$1.19 with 1 billion shares on issue.

Current market cap is HK$1.19 bil or about A$200mil having risen from A$6.7 mil.

You may as well say it is all due to the Tabcorp agreement. At A$200 mil for a dud deal, what should SSI's real deal be worth?

Why a dud deal? This deal is so conditional you may as well not do it. SSI will actually be acquiring China Entertainment Holdings which has already secured the lottery and Keno permits in Shanghai.

Tabcorp/World Metal Holdings are yet to get anything yet? This Tabcorp agreement is conditional on so many things including getting any gaming permits.

dieter
23-06-2005, 11:53 AM
GCN and SSI are in the "right place at the right time"

Asia/Pacific to Remain Fastest-Growing Region with Powerful Growth in China


NEW YORK, June 22 /PRNewswire/ -- The global entertainment and media (E&M) industry is in its strongest position since 2000, and will increase at a 7.3 percent compound annual growth rate (CAGR) to $1.8 trillion in 2009, according to PricewaterhouseCoopers' Global Entertainment and Media Outlook: 2005-2009, released today. Improved economic conditions and an advertising upswing, combined with expanding online distribution of music, films, books and video games, will be key drivers triggering end-user spending.
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New spending streams triggered by broadband Internet and wireless technologies will account for a significant portion of total growth in global spending. Total revenues from new spending streams will increase significantly from $11.4 billion in 2004 to nearly $73 billion worldwide by 2009, according to predictions published in the new edition of the Outlook.

"The entertainment and media industry continues to display an extraordinary ability to reinvent itself and create new revenue streams through innovative offerings that barely existed as recently as 2000," said Wayne Jackson, global leader of PricewaterhouseCoopers' Entertainment & Media Practice. "Online and wireless video games, online film rental subscriptions, licensed digital distribution of music, and the rapid adoption of ring tones and mobile music downloads are becoming critical components of the industry and driving significant revenues across all regions," Jackson added.

Asia/Pacific will remain the fastest-growing region during the next five years, led by powerful growth in China, which is on track to overtake Japan as the region's biggest market by 2008. Spending growth in China will be the highest in the world, at a 14.2 percent CAGR excluding Internet access spending, and 25.2 percent after accounting for the explosion in Internet access spending. Growth in the region will be led by double-digit increases in the Internet, video games, casino gaming, TV distribution and recorded music segments.
"Rapid economic growth and a continually improving regulatory environment, which is facilitating greater investment in China, will drive spending and accelerate regional growth during the next five years," said Marcel Fenez, Asia/Pacific Leader of PricewaterhouseCoopers' Entertainment & Media Practice. "These factors and the aggressive roll out of broadband infrastructure will enable the country to generate the most significant increase in media penetration beyond any other region. The only cloud on the horizon is the on-going threat of piracy, which continues to hinder growth throughout Asia/Pacific, where efforts to stem the tide have had only limited success."

dieter
23-06-2005, 02:58 PM
looks like Germany is aware of GCN

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dieter
28-06-2005, 05:21 PM
SSI was well sought today at $2.80 with an Unsatisfied bidder ar $2.81..

Gaming stocks are the rage in London...

The successful, or rather spectacular debut of PartyGaming plc on the UK market is yet another example of how investors are now eagerly chasing the gaming sector. PartyGaming is now capitalised at a whopping A$12 bil. Is it a gold rush or not? Check this out: http://news.independent.co.uk/business/news/story.jsp?story=650237. SSI/GCN are still a long way off being recognised. Not a word has been written in the Australian media yet of SSI/GCN being the only two listed companies directly involved in China's gaming industry and having secured major market share, starting with Shanghai.

I suspect further AXS announcements and Local China press to pick this up soon..

dieter
29-06-2005, 07:08 PM
Tattersalls float will put focus on SSI/GCN and the massive takeoff in CHINA against the "NO Growth" Tattersalls

[u]Todays Papers said</u>

Tattersalls says it will not gamble on stock exchange

GAMING firm Tattersalls does not yet have any specific targets in terms of what may drive future earnings growth but says there are sufficient opportunities.

Tattersalls is expected to list on the Australian Stock Exchange on July 7.

“We need to get out there and see whats available,” Tattersalls managing director Duncan Fischer said after addressing the Securities Institute of Australia.

“I think there are opportunities for us, and Im sure that well find that therell be some good opportunities that well avail ourselves of going into the future.”

Asked if Tattersalls should be assessed by investors as a potential growth stock or according to the businesses it has already, Mr Fischer said: “Thats up to the investment advisers to advise the investors as to what they view the stock as being.

“We can only put forward what we have today and what our objectives are in terms of going forward.”

Tattersalls has said it will concentrate on expanding its core competencies but wants to diversify and expand geographically in the longer term.

Tattersalls holds Victorias sole licence for lotteries and along with Tabcorp Holdings, is one of two operators of gaming machines outside of Melbournes Crown Casino.

Tattersalls operates about 13,500 poker machines in Victoria.

The company also operates lotteries in Tasmania, the Northern Territory and the ACT and holds a 10 per cent share in the national lottery of South Africa.

Tattersalls will have 700 million shares on issue at the time of listing, with an expected market capitalisation of $2.03 billion.

But it is only offering 105 million shares in the initial public offer, at a retail application price of $2.90 per share. The indicative price range is $2.40 to $2.90.

The rest of the shares will be held by beneficiaries of the will of company founder George Adams and by Tattersalls staff.

dieter
30-06-2005, 02:59 PM
GCN is a "monty" to collect serious advertisers as reported fron China below..

Feng Jun, an analyst with the consultancy Analysys International, says soft drink makers are looking for new partners to help them explore the market.

"Soft drink and online gaming share the same target audience, which is made up of teens and young people. It is always good to tie up than to explore the market alone. And the alliance of two strong players will be a much stronger one."

Most importantly, they are eying the potential of the Chinese online gaming industry. Of the large population of internet users in China, over 70 percent are under 30. And in two years, the total population of online gamers will jump to over 40 million in China.

And what can the online gaming providers get from the partnership with soft drinks? According to Feng Jun, it could boost the promotion of their own brands.

dieter
01-07-2005, 11:21 AM
A very positive attitude exists in CHINA

AFX News Limited
China may issue new strategy to boost development of online games - report
06.30.2005, 12:01 AM

BEIJING (AFX) - China's government may issue a new strategy next month to encourage development in the online gaming industry, the China Daily reported, citing an official at the Ministry of Culture.

Zhang Xinjian, deputy director general of the department of the culture market under the ministry, was cited as saying that his department, in tandem with the Ministry of Information Industry (MII), is developing policies to further regulate the online gaming industry.

Sales of online games in China reached 298 mln usd in 2004 - 48 pct higher than the previous year. The number of gamers reached 26.33 mln, almost a quarter of China's Internet users, the paper said.

'There are some problems in the online game industry, but we must solve them through development,' Zhang was quoted as saying at the China Online Game Healthy and Sustainable Development Forum in Beijing.

The policy will support game developers and operators who design products celebrating traditional Chinese culture and patriotism, the report said.

Zhang also said that a group led by the Ministry of Finance is working on financial incentives for online gaming companies developing these types of games, including research and development funding and tax breaks.

Zhang said China will establish four cartoon and online games bases in Shanghai, Guangzhou, Chengdu and Dalian to train industry workers.

Zhang was also cited as saying that the Ministry of Culture and the MII are drafting a compulsory technical standard for all online games which will require developers to implement measures to prevent users from playing for too long.



john.bishop@xinhuafinance.com

dieter
02-07-2005, 05:23 AM
The move to China seen a a big winner...many major companies are attempting,GCN/SSI have allready dealt with a partner who has obtained all GOVT approvals while others only wish...its a torcherous path if you do not have the right connections


http://www.heraldsun.news.com.au/common/story_page/0,5478,15794880%255E664,00.html

dieter
04-07-2005, 12:34 PM
Plenty of interest in deals, large and small
Commentary: Banks top the charts; eBay works its magic

By Paul Waide
Last Update: 12:00 PM ET June 19, 2005



BEIJING (MarketWatch) -- Investors need not look far for evidence there's still interest in giant Chinese companies.

Just this past week, Bank of America Corp. reached a landmark deal to invest $3 billion in China Construction Bank, and China's Bank of Communications closed an initial public offering that was more than 19 times oversubscribed...:).

dieter
05-07-2005, 03:31 PM
Gambling-crazy China seen as next great site for Internet gold rush
By GEOFFREY YORK AND COLIN FREEZE

Monday, July 4, 2005
Updated at 12:28 AM EDT

BEIJING and MONTREAL -- Even in the midst of a national anti-gambling crackdown, it only took a few minutes for The Globe and Mail's Beijing bureau to place an illegal wager.

We placed a small bet on the date of the next Canadian election. But we could have just as easily wagered on soccer, horse racing, basketball, the Dow Jones index, the competition to be the next Olympic host city, or hundreds of other events -- simply by surfing onto the on-line gambling sites that are supposedly banned in China.

Gambling has been illegal in China since the Communist revolution, yet it remains a powerful lure for millions of people here. An estimated $50-billion (U.S.) is spent annually at underground casinos and gambling rings in China.

But in China and around the world, betting is exploding onto the Internet -- a medium where the chips fall where they may, heedless of local limitations and laws. The on-line gambling industry has grown exponentially in recent years but many players in the business still say the sky's the limit.

They have good reason to be excited: Last week, investors in the United Kingdom valued a Gibraltar-based poker company at an astonishing $9.1-billion as it went public. PartyGaming's stock, now worth more than British Airways, is further fuelling the wild-eyed expectations of Canadian and other Western entrepreneurs.

Because the industry is maturing in Europe and North America, many experts fixate on China as the site of the next big gold rush.
In fact, Montreal played host to two major conferences on Internet gambling last month. Undaunted by an official ban, scores of conference goers were tantalized by the prospect of getting the Chinese high-rollers hooked on the Internet. "You go to any casino in the world and your major players are Chinese and Asian players," said Donald Cho, an Internet-gambling consultant who was up from San Francisco to attend a seminar on Chinese opportunities.

Gambling continues to thrive in China, even though the government is still officially in the throes of a "relentless strike" against it.

In a national campaign that has been under way for months, authorities have shut down hundreds of gambling websites and arrested scores of people. One Communist Party official in Zhejiang province was arrested for gambling $560,000 (U.S.) on foreign websites.

Yet, according to media reports here, more than 780 foreign gambling websites are providing Chinese-language web pages. And The Globe's bureau in Beijing found it easy to evade the rules and make wagers.

We chose a British-based gambling website, Betfair.com, easily accessible on our laptop computer through a Beijing Internet server. The site offers a Chinese-language version for most of its wagering options although it denies it is encouraging anything illegal.

Placing bets on the Internet is a seductive temptation for the Chinese. "I don't even have time to think that I'm gambling," one high-rolling gambler told a Chinese newsmagazine last year. "What I do is just switch on the computer and log onto the Internet."

Shen Mingming, director of the China Centre for Lottery Studies at a Beijing university, said the authorities are trying to block the foreign gambling sites, but the amount of on-line gambling is rising. "It's regarded as illegal, but it's hard to control," he said.

"China hasn't created a system of laws and regulations for Internet gambling. There are hot debates about whether the government should keep attacking it or instead issue a policy to legalize and regulate it."

Many countries in the world face the same dilemmas. In coming years, Canada's own government-controlled gambling monopoly will be increasingly threatened by the Internet, but no one has attempted to regulate the practice.

This year, the United Kingdom passed laws to at least set some ground rules. Conversely, in

Winnie Burgers
08-07-2005, 03:37 PM
Expansion of POS network for Keno & Lottery agency business.

Come on dieter, where's your post?? ;)

dieter
08-07-2005, 03:45 PM
You won by 2 min!!-- I had to increase my buy order:)
Australian Stock Exchange
Company Announcements Platform
Dear Sir/Madam
Re: Expansion of Point of Sale network for Shanghai Keno and Lottery Agency
businesses
Further to the announcement on 16 May, 2005 in which it was disclosed that China
Entertainment Holdings Ltd (“CEH”) had secured access to over 500 retail outlets in
Shanghai for the conduct of its businesses, the Board of Directors of Sino Securities
International Ltd (“SSI”) has received advice from CEH that its Chinese incorporated
subsidiary, Shanghai New Kelo Investment Management Company Ltd, has entered
into an agreement with Shanghai Virtue and Fortune International Trade Co. Ltd.
This agreement will lead to the securing for CEH of an additional not less than 150
points of sale, of retail and entertainment establishments in Shanghai, by 15 July,
2005, for the conduct of CEH’s Keno and Lottery agency businesses. The current
business plan of CEH is to secure the right of access to existing retail and
entertainment establishments to enable a rapid rollout of a network of 750 points of
sale in Shanghai within the next 6 months.The official launch of Keno games to the Shanghai market by the Shanghai Welfare
Lottery Issuing Center (“SWLC”) is expected to be before the end of July 2005.
Working closely with the SWLC, CEH is progressively rolling out its agency network
in the city of Shanghai. As well as expanding its Shanghai distribution network, CEH
is also developing its business model, based on the Shanghai business, for expansion
to a number of cities beyond Shanghai.

dieter
11-07-2005, 09:39 AM
The USA focus on China -Macau is bound to take notice of what is happening on the maimland. It is now a month since the first notice of SSI/China Entertainment, the Stanly Ho,s ,Steve Wynn,Packers and others may finally beginning to realise that there is a true GOVERNMENT sanctioned player emerging on the mainland---with no desire to travel to Macau.todays story shows just what is happenning out there

Macau: The next Vegas?
By Richard N. Velotta &lt;velotta@lasvegassun.com&gt;
LAS VEGAS SUN

MACAU -- This small Asian enclave is on the verge of supplanting mighty Las Vegas as the top gambling market in the world.

The entire Macau peninsula, two islands and a reclaimed river delta, covers about 16.9 square miles compared with Las Vegas' 84.3 square miles. But pound for pound, gamblers in Macau are far more aggressive than those visiting Southern Nevada.

When Macau was turned over to the Chinese government in 1999 -- the same year Hong Kong made a similar but more newsworthy transition -- one of the first moves by the new administration was to open the gaming market to competitors, ending a 40-year monopoly.

The resulting injection of competition has made the market explode, with analysts expecting gaming revenue to surpass Las Vegas levels this year or next.

The Macau government reported gaming revenue of $5 billion in 2004, about $3.5 billion ahead of 2003's total and slightly ahead of the $4.9 billion generated last year on the Las Vegas Strip.

With 15 casinos operating in Macau with about 1,000 table games, the per-table win in Macau is nearly 10 times the per-table win in Las Vegas. Experts say Macau's gaming market could grow from $9 billion to $12 billion in the next five years as the Chinese tourism market expands and more resorts are built.

Now, a familiar shape -- familiar, at least, to Las Vegas residents -- is joining the skyline of this island resort city that shares a fascinating blend of Chinese and Portuguese cultures.

Wynn Macau, the 600-room hotel due to open in the third quarter of next year, will look a lot like its American big brother, Wynn Las Vegas, which opened on the Strip in April.

To people familiar with the Las Vegas version, Wynn Macau won't hold many surprises. But to Macanese who are watching the building take shape, the resort will be a dramatic departure from anything in the market today.

But that's what makes Macau the world's most intriguing gambling center and why most experts expect it to surpass Las Vegas as the world's dominant casino market.

"We've heard Macau referred to as the Las Vegas of Asia," said Grant Bowie, who as president and general manager of Wynn Macau is Steve Wynn's top man in Asia. "But there's only one Las Vegas in this world. Our objective here is not to be seduced by another market as the way (Macau) is going to evolve."

Las Vegas companies are clearly leading the change that is taking place in Macau, which is on the tip of China's southern seacoast and is a one-hour boat ride from Hong Kong.

There are varying theories as to how the evolution of Macau is going to occur. But most agree that the transformation will involve turning it from what is predominantly a day-trip market to a resort destination where tourists stay longer. Operators also hope to bump up hotel occupancy rates.

L.C. Koo, head of the performance improvement department for Sociedade de Jogos de Macau, the dominant casino operator in Macau owned by Stanley Ho, said in 2004 that visitors from China stayed an average of 1.1 days at the company's 15 casino properties and visitors from Hong Kong stayed a day.

Since 1999, the occupancy rate of Macau's 9,600 hotel rooms has gradually increased to 75 percent from about 50 percent.

William Weidner, president and chief operating officer of Las Vegas Sands Inc., believes the demographics of the population that lives a few hours of Macau will lead the city to surpass Las Vegas become the dominant gambling market in the world.

Experts say there are more than 100 mi

OneUp
11-07-2005, 10:16 AM
That's an interesting article. But you have to question it's reliability, since Hong Kong was actually handed over in 1997, two years before Macau. A pretty basic mistake.

dieter
14-07-2005, 12:51 PM
Article on SSI and China in todays BRW magazine can be seen here.

http://users.tpg.com.au/joesmith/ssibrw.gif

dieter
18-07-2005, 11:21 AM
a clip from todays paper---SSI not affected here

"Gambling

Investors in Australia's gambling sector are going to have to read the form guide carefully before punting on who will be the winners and losers on this particular track.

First there is the question of how smoking bans and curbs on poker machines will affect Australia's gaming and casino operators.

There is also doubt about whether wagering operators Tabcorp and UNiTAB will maintain the previous year's strong growth or feel the impact of the broadcast rights brawl between Tabcorp's Sky Channel and ThoroughVision (TVN).

And that's not to mention the issue of licence renewals which hangs over Tabcorp and the newly listed Tattersall's. The potential for betting exchange operator Betfair to be awarded a Tasmanian licence could be another joker in the pack.

And then there is UNiTAB's purchase of an inconsequential stake in Sky City Entertainment Group, which has raised the prospect of a new round of consolidation.

Punters, sorry, investors would be forgiven for wondering what relevance past earnings will have for the current market.

A clear signal was sent with the resurrection of Sky City's share price in recent weeks as UNiTAB built its 0.5 per cent stake as a warning to potential predators for either company. Sky City's profit downgrade in May, attributed to smoking bans and curbs on gambling, is now a thing of the past.

"The small UNiTAB position has focused investor back on industry consolidation and away from near-term earnings, depressed by the smoking ban," Credit Suisse First Boston said last week.

CSFB said it expected a bid of at least $NZ5.75 a share would be needed to acquire Sky City. That's a significant premium to Friday's close at $NZ4.88.

The promise of overseas expansion, via its bid for one of two Singapore casinos, has helped Tabcorp counteract the negative sentiment of the race broadcast brawls with rival TVN.

But that may change if its second-half results show that Tabcorp's wagering business is finally starting to feel the effects of the race broadcast rights imbroglio, as predicted by Macquarie Equities.

The broker said softer wagering figures were expected for UNiTAB and Tabcorp but "the extent of this softness may surprise". Growth turned negative in NSW for the final two months of last financial year.

"The presence of TVN as an independent broadcaster is now starting to hurt Tabcorp," said Macquarie analyst Steve Wheen.

While the financial effect on 2004-05 is expected to be immaterial as it only affects the final two months' performance, 2005-06 earnings could drop by as much as 5 per cent.

Macquarie said this assumes Tabcorp agrees to pay content fees to TVN and takes into account the threat from Betfair and delays surrounding pooling in NSW and Victoria.

Even for the newly listed Tattersall's, it is expected that its share price will continue to rely on the non-financial factors which have ensured the stock is already trading well above its peers on an earnings basis. The major determinants include the likelihood of the poker machine and lottery operator gaining index status. That could drive a whole new level of demand from institutional shareholders.

If ratings agency Standard & Poor's decides the stock is liquid enough to receive a full weighting in its indices, institutional investors might have to grab up to 60 per cent of the stock, which is still tightly held by the beneficiaries of the former trust.

The likelihood of Tattersall's retaining the two expiring Victorian licences that account for more than 80 per cent of its market value runs a close second in determining the future trajectory of the company's share price.

CSFB gave the stock its biggest slap down since the public listing with a $1.92 price target, but this was "strictly an exercise in valuation" of its licences, the broker said.

But CSFB also said the stock "may not achieve the required liquidity in the medium term to attain index status, which may be a catalyst for share price erosion". With the stock cl

dieter
19-07-2005, 01:10 PM
GCN owned 60% by SSI goes live on India Times www site (the largest site of its type ion India

http://www.m-vision.tv/bollywoodzone/mvision.html

dieter
20-07-2005, 10:43 AM
Involvement in SSI/China Entertainment by Packer and Tabcorp IMHO is enevitable if they want in on the mainland China ..

"
Crown Casino spins the globe
Tanya Giles and Danny Buttler
20jul05

CROWN casino will be the centrepiece of a global gaming empire under a new deal with the State Government.








The casino's parent company PBL will be allowed to use the brand name Crown for all its business ventures, with the Government agreeing to remove the "single purpose restriction" of its original agreement.
While PBL chairman James Packer has assured Perth its Burswood casino and resort would keep its identity, future gaming ventures in Macao, Taiwan, Thailand, Singapore and Britain are expected to carry the Crown name.

A Crown spokesman would not comment last night on the possibility of an international chain of Crown casinos, but said it planned to use its name to help it expand.

Gaming Minister John Pandazopoulos said PBL had agreed to spend at least $170 million on the Melbourne casino complex in the next five years.

PBL has also agreed to:

SPEND $5 million a year marketing the casino and Melbourne overseas as a tourist destination.

COMMIT to using Melbourne as its international gaming headquarters.

KEEP Melbourne as the dominant high-roller casino in Australia.

Mr Pandazopoulos said the Government believed the Crown brand was valuable for Victoria in overseas markets.

Mr Packer said Crown's Asian networks would help promote Victoria as a big tourist destination.

"Given our undoubted experience in the Asian market and China in particular, we hope to expand tourist numbers to Melbourne for the benefit of the whole community," he said.

dieter
20-07-2005, 02:33 PM
Its booming in China!!!

" China's economy was unexpectedly strong in the second quarter on the back of industrial output and investment that remained robust despite government attempts to engineer a slowdown, data released on Wednesday showed.
China's gross domestic product in the second quarter grew 9.5 percent from a year earlier, higher than market estimates of 9.3 percent and above the 9.4 percent for the first quarter.
Many economists, pointing to falling oil demand and weaker steel and property prices, had expected a moderate slowdown in growth for the second quarter and the rest of the year.
But Wednesday's data painted a picture of an economy in seemingly good shape, supported by an export boom that is fuelling U.S. criticism that China is handing its exporters an unfair advantage by keeping the yuan pegged at too cheap a level.
"The need for slowing the economy is still quite obvious, although there are people arguing there will be some adjustment coming through automatically as margins are being squeezed," said Yiping Huang, an economist with Citigroup in Hong Kong.
The National Bureau of Statistics released the data moments after ratings agency Standard & Poor's upgraded its long-term sovereign credit rating on China, a vote of confidence in the country's market-oriented economic reforms.
China's industry output in June grew 16.8 percent from a year earlier, against a market forecast of 15.9 percent and growth of
16.6 percent for May.
Urban investment in fixed assets from flats to factories grew
28.8 percent, well above estimates of a rise of 25 percent and higher than the 28.2 percent for May.
Total fixed-asset investment in the first half was up 25.4 percent on the year. The government is aiming to bring investment growth below 20 percent.
"The overall situation is good," the statistics bureau said in a statement.
But it quickly added a list of challenges facing the world's seventh-biggest economy.
"It is very difficult to increase farmers' income; the total size of investment is too large and the structure is irrational; the economic efficiency of some industries is not as good as that in the previous year; and the supply of coal, electricity, oil and transportation capacity is tight," it said.
China has been striving to rebalance the economy by taking steps to deter investment while promoting consumption.
"If second-quarter growth was that strong while imports were slowing, then private consumption must be very good," said Chris Leung, an economist with DBS Bank on Hong Kong.
Retail sales in June increased 12.9 percent, supported by solid growth in disposable income. Urban Chinese had 9.5 percent more yuan in their pocket than in the first half of 2004, while rural incomes rose 12.5 percent. Inflation remained contained despite the brisk growth.
Consumer prices in June were 1.6 percent higher than a year earlier; producer prices, which measure inflation at the factory gate, were up 5.2 percent.
((Reporting by Kevin Yao, editing by Bradley Perrett; alan.wheatley@reuters.com; Reuters Messaging:
alan.wheatley.reuters.com@reuters.net; +8610 6586 5566 x235))

Wednesday 20 July 2005 12:49:50 AEST"

dieter
23-07-2005, 11:07 AM
China Expected As Next Online Gambling Target
Jul 06, 2005

Even in the midst of a national anti-gambling crackdown, it only took a few minutes for The Globe and Mail's Beijing bureau to place an illegal wager. Gambling has been illegal in China since the Communist revolution, yet it remains a powerful lure for millions of people here. An estimated $50-billion (U.S.) is spent annually at underground casinos and gambling rings in China.


But in China and around the world, betting is exploding onto the Internet -- a medium where the chips fall where they may, heedless of local limitations and laws. The on-line gambling industry has grown exponentially in recent years but many players in the business still say the sky's the limit.


Because the industry is maturing in Europe and North America, many experts fixate on China as the site of the next big gold rush.


Gambling continues to thrive in China, even though the government is still officially in the throes of a 'relentless strike' against it.


Yet, according to media reports here, more than 780 foreign gambling websites are providing Chinese-language web pages. And The Globe's bureau in Beijing found it easy to evade the rules and make wagers.


Montreal's Desjardins Securities held a conference at the city's casino in June to endorse some Canadian companies involved in Internet gambling.


But most investors who attended wanted to know about the prospects for the industry's growth in China -- a subject matter that was also exciting more than 1,000 people gathered in downtown Montreal, at the three-day Global Interactive Gaming Summit and Expo.

dieter
25-07-2005, 11:50 AM
Large world growth expected

"Entertainment & Media industry to touch $1.8 trillion in 2009


PricewaterhouseCoopers


The global entertainment and media (E&M) industry is in its strongest position since 2000, and will increase at a 7.3 percent compound annual growth rate (CAGR) to $1.8 trillion in 2009, according to PricewaterhouseCoopers' Global Entertainment and Media Outlook: 2005-2009. Improved economic conditions and an advertising upswing, combined with expanding online distribution of music, films, books and video games, will be key drivers triggering end-user spending.

New spending streams triggered by broadband Internet and wireless technologies will account for a significant portion of total growth in global spending. Total revenues from new spending streams will increase significantly from $11.4 billion in 2004 to nearly $73 billion worldwide by 2009, according to predictions published in the new edition of the Outlook.

"The entertainment and media industry continues to display an extraordinary ability to reinvent itself and create new revenue streams through innovative offerings that barely existed as recently as 2000," said Wayne Jackson, global leader of PricewaterhouseCoopers' Entertainment & Media Practice. "Online and wireless video games, online film rental subscriptions, licensed digital distribution of music, and the rapid adoption of ring tones and mobile music downloads are becoming critical components of the industry and driving significant revenues across all regions," Jackson added.

Asia/Pacific will remain the fastest-growing region during the next five years, led by powerful growth in China, which is on track to overtake Japan as the region's biggest market by 2008. Spending growth in China will be the highest in the world, at a 14.2 percent CAGR excluding Internet access spending, and 25.2 percent after accounting for the explosion in Internet access spending. Growth in the region will be led by double-digit increases in the Internet, video games, casino gaming, TV distribution and recorded music segments.

"Rapid economic growth and a continually improving regulatory environment, which is facilitating greater investment in China, will drive spending and accelerate regional growth during the next five years," said Marcel Fenez, Asia/Pacific Leader of PricewaterhouseCoopers' Entertainment & Media Practice. "These factors and the aggressive roll out of broadband infrastructure will enable the country to generate the most significant increase in media penetration beyond any other region. The only cloud on the horizon is the on-going threat of piracy, which continues to hinder growth throughout Asia/Pacific, where efforts to stem the tide have had only limited success."

dieter
27-07-2005, 05:09 PM
More companies get in on the back end of the push to the keno market in CHINA....

There is a total of 8 companies trying to get their software and terminals approved ....they are hopefull on winning contracts....sofar only Scientific have been awarded a contract. NONE other than China Entertainment/SSI have permits to run such infrastructure. Tabcorp/Worldmetal JV and others will need to interface with SSI to complete a rollout.

Todays Releases are:
HK Bourse: Press Release from WorldMetal

The Stock Exchange of Hong Kong Limited takes no
responsibility for the contents of this announcement,
makes no representation as to its accuracy or
completeness and expressly disclaims any liability
whatsoever for any loss howsoever arising from or in
reliance upon the whole or any part of the contents
of this announcement.
WorldMetal Holdings Limited
(Incorporated in Bermuda with limited liability)
(Stock code: 8161)
FURTHER ANNOUNCEMENT RELATING TO
MAJOR TRANSACTION
Reference is made to the announcement of the Company
dated 10 June 2005. The Board is pleased to announce
that on 23 July 2005, TIHK has entered into the
Cooperation Agreement with Beijing Lottery and
Tabcorp International, under which TIHK has agreed
to assist Beijing Lottery to build and develop the
first nationwide unified platform for lottery
operation that is suitable for use throughout the PRC
in consideration for a service fee calculated at a
fixed percentage of the sales revenue generated from
the lottery product (KENO) under the nationwide
unified platform.
At the request of the Company, trading in the Shares
on the Stock Exchange has been suspended from 9:30
a.m. on Monday, 25 July 2005 pending the release of
this announcement. Application has been made to the
Stock Exchange for resumption of trading in the Shares
on the Stock Exchange from 9:30 a.m. on Wednesday,
27 July 2005.
Source: Stock Exchange of Hong Kong

Analysts cool on Tabcorp China bid
Helen Matterson of the Australian newspaper
July 27, 2005

TABCORP'S Keno lottery system move into China won market approval yesterday, but several analysts stopped short of upgrading their numbers given the investment risks the dragon economy poses.

The company has been looking for an entry into China for the past four years and now a supply contract for 60,000 Keno terminals over the next five years has prompted Tabcorp to quantify earnings of $50 million and revenue of $100 million for this period.

In a joint venture with the Hong Kong-based China LotSynergy, Tabcorp has signed a technical co-operation agreement with Beijing Lottery Online Technology (CLO) which is partly owned by the Ministry of Welfare and is exclusively licensed to operate lottery products on a new nationwide sales system.

The agreement includes providing software, equipment and technical services to CLO over a 10-year term and the commercialisation of subsequent products.

Shares in Tabcorp rose 18c to $16.03 yesterday as the market digested the news, but observers remained wary, admitting that the lotteries expansion was not an area in which they expected Tabcorp to pursue growth.

In a research note, Credit Suisse Fist Boston noted net profit forecasts in 2010 could be upgraded by 2 per cent if Tabcorp achieved its targets. However, the broker declined to include earnings or capital expenditure associated with the move into its forecasts.

"In our view, one must be cautious when considering China profit," CSFB said.

Goldman Sachs JB Were was also hesitant about an upgrade when it estimated the venture could contribute earnings around 6 per cent in years four and five.

"The long-dated nature of the earnings stream and the lack of visibility we have on the Chinese market make us a little cautious about incorporating these," GSJB wrote.

GSJB held its underperform/hold recommendation, describing the operating environment for Tabcorp as "becoming more challenging".

This incl

dieter
28-07-2005, 11:19 PM
An australian broker has released a report
CARMICHAEL
RESEARCH
SINO SECURITIES INTERNATIONAL
INITIATING COVERAGE this is an extract only---full text only available to this brokers clients[8)]

Sino Securities (SSI) has prioritised its investment focus to become one of the leading
gaming companies in the Peoples Republic of China (PRC), an opportunity that was
borne from its 52% investment in GoConnect (GCN), a telecommunications company.
In 2004 the technology housed by GCN attracted the interest of China Entertainment
Holdings Ltd (CEH) a company that holds gaming permits in PRC, a highly regulated
market. In May 05, SSI entered into an agreement with Best Winning Investment Ltd
(Best Winning) to acquire 100% of its wholly owned subsidiary, CEH through a
prospective placement, which in turn gave SSI a foothold in the lottery and keno
agency business in the PRC. We believe this investment places SSI at the forefront of
becoming a major player in the China gaming industry.
CEH is expecting to roll out 750 gaming permits across Shanghai over the next six
months, with Keno expected to be officially launched in PRC by end July 05. Welfare
lotteries (government agency), which represent approximately 60% of PRC’s total
lottery sales, grew 13% from 2003 to 2004, generating revenues in excess of RMB22bn
(A$3.58bn). Therefore with over 33m people in Shanghai city alone we believe Keno is
likely to significantly boost the revenue generated from the gaming industry in PRC.

dieter
02-08-2005, 12:17 AM
First feedback from China came today with respect to the new KENO permits in Shanghai.....

you will recall that about two months ago the SWLC granted about 1000 site permits---750 finished up with SSI/China Entertainment. .....well two independand reciepants after two weeks are reporting sales in excess of 240,000 RMB per DAY....thats about $40,000 US.

I do not know if this is a "honeymoon" due to new freedoms,but it sure does underline the desire of the participants to play.....this type of turnover is many times normal nos.

By the way I have seen the broker report and it expects a market cap in excess of $250m after shareholder approval....whats intresting is the brokerhas made no allowance for GCN in his figures.... The lucky Channel by GCN (SkyTV sports Channels of India and China ) should have substancial appeal.... GCN ,nodoubt will be a jewel in the crown of SSI.

Hang in the ride has not started yet!!

dieter
03-08-2005, 05:38 PM
SSI subsidary is beginning to show its colors,GCN has already ensured its position in China for its mobile8888 mobile gaming application, that is called first mover advantage again.

Todays Press Article



Asia to drive mobile gambling
Correspondents in Singapore
AUGUST 03, 2005

ASIAN punters will drive sharp growth in the mobile gambling industry over the next five years, with global revenue forecast to top $US 7 billion a year by 2010, new research predicts.

ASIAN punters will drive sharp growth in the mobile gambling industry over the next five years, with global revenue forecast to top $US 7 billion a year by 2010, a research house said.
Lotteries will remain the most popular form of mobile betting and some 200 million people worldwide will be placing bets through their phones by 2010, Informa Telecoms and Media said.

Mobile gambling is now estimated to generate $US1.2 billion in annual revenue, with Europe the leading market. Informa, based in London, said this would grow to $US7.6 billion by 2010.

"Europe is likely to remain the largest market for mobile gambling, generating $US3.2 billion of annual revenue by 2010. However, it will be closely followed by Asia-Pacific, which is forecast to generate $US2.7 billion by 2010," Informa said.

North America "is the great unknown" because the size of the market will depend on legalisation of mobile gambling, but Informa predicted it would be a billion-dollar industry in that region within five years.

Telecom operators and the companies that run mobile gambling services will have to negotiate legislative, technological and cultural hurdles to achieve growth, Informa said.

"Mobile gambling is already generating significant revenue, but there is room for sharp growth in the years ahead," report author Stuart Dredge said.

He said the industry "must keep in mind its responsibilities to tackle underage and problem gambling".

The implementation of codes of conduct by operators to curb such problems will be important, Informa said, citing Britain as a model.

After lotteries, the other popular forms of mobile gambling are sport betting and casino gaming.

Casino gaming will become more popular as internet casinos migrate their games to mobile platforms, Informa said.

Sport betting will be a niche sector by comparison, although bookmakers have been keen to launch mobile applications for their customers, it said.

Agence France-Presse

dieter
03-08-2005, 05:45 PM
SSI appoints a senior well established Director,this should convince anyone thinking that SSI enrty into China is very serious.

Australian Stock Exchange
Company Announcements Platform
Dear Sir/Madam
Re: Appointment of new director
The Board of Directors of Sino Securities International Ltd (“SSI”) is pleased to advise that [u]Mr. Peter Gillooly, former Chief General Manager of Tattersall’s Ltd</u>, has consented to join the board of SSI as a non-executive director. His appointment will be effected at the next shareholders’ meeting of the Company.
Peter will also be chairing the Gaming Operations Committee within the Board,which will advise the Board on all matters relating to the Chinese gaming operations being acquired by SSI. The SSI Board is delighted with the involvement of Peter Gillooly with the Company. While at Tattesall’s Ltd, he was responsible to the board
for the total operation of all Tattersall’s enterprises. He will bring to SSI a wealth of experience, expertise and relationships within the gaming industry.
Yours sincerely
Richard Li
Managing Director
Sino Securities International Ltd

I would expect that Bruce Mathesion (largest slot operator on Australia) who owns 15% SSI to follow in the near future.....documentation for shareholder approval needs to rest with ASIC for 14 days then mailed....much better things to come

dieter
04-08-2005, 03:00 PM
" would expect that Bruce Mathesion (largest slot operator on Australia) who owns 15% SSI to follow in the near future.....documentation for shareholder approval needs to rest with ASIC for 14 days then mailed....much better things to come"

there is an article in todays BRW on Bruce M

I found it at http://users.tpg.com.au/joesmith/brw2.gif

well worth a read

dieter
04-08-2005, 04:27 PM
Two items have caught my eye-----"possible hidden gem"

Firstly
"Sino venture takes healthy line online

By ROD MYER
Monday 18 February 2002

Tzi Chiang Lin, left, will market herbal Chinese medicines online with Sino Securities' Richard Li.
Picture: VIKI LASCARIS


Mercurial listed investment group Sino Securities is promoting Chinese medicine on the Internet. Sino managing director Richard Li has teamed up with Chinese medical practitioner Tzi Chiang Lin to form a new company, Pharmasafe, that will market Professor Tzi's Chinese remedies online.

Pharmasafe will be 60 per cent owned by Professor Tzi and 40per cent by Sino Securities. Professor Tzi will provide intellectual property, built up over 30 years, to the joint venture while Sino will provide investment banking services. Sino subsidiary, the Internet group GoConnect, will provide the Internet presence for Pharmasafe to operate.

Mr Li said GoConnect's GoTrek function would provide online video information about hepatitis and the Pharmasafe remedy.

He said the first product to be sold by Pharmasafe would be a hepatitis B treatment developed by Professor Tzi from traditional Chinese remedies.

The treatment, taken in pill form, has a track record of removing symptoms in about 75per cent of cases, restoring liver function and ensuring patients can lead healthy, normal lives without the danger of transmitting the disease to others. In some 10per cent of cases, the disease is totally cured.

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Professor Tzi said he hoped that the Internet would allow him to reach large numbers of people across the world and that he planned to find other remedies to build his online presence.

Mr Li said the venture was in the Australian drug-approval process.

He said the Pharmasafe site was likely to be operational within nine to 12 months. "

THEN in May this year... there is a update to say that approval is very close.....natural cures for hepatitis .... nothin exists for this lously disease

dieter
05-08-2005, 11:07 PM
Todays moves suggest we are in for the next leg up $3.61 previous top passed and momentum is at a low reversing....

http://users.tpg.com.au/joesmith/ssichart.gif

dieter
06-08-2005, 09:24 PM
GCN chart shows something very fundemental has happenned,most previous resistances taken out and set to advance again

http://users.tpg.com.au/joesmith/GCNchart2.gif

dieter
08-08-2005, 12:48 PM
GCN is the only Aussie stock with exposure of this type--see previous postings

SHANGHAI Foreign investors seem to have a frenzied appetite for all things Chinese, particularly the growth potential associated with the Internet in China, where there are now estimated to be about 100 million regular users.

The Internet search company Baidu.com, viewed here as China's Google, is just the latest Chinese company to cash in on the country's growth prospects, where the Internet, mobile phone use and technology gadgets are increasingly popular.

"Outsiders are betting on the growth of the Internet in China," said Huang Jia Li, an analyst at Shanghai iResearch, a consulting firm based in Shanghai. "And over 80 percent of the Internet users in China are using Baidu.com as their search engine."

The company's shares began trading Friday on the Nasdaq market at about $27 but had soared to $122.54 in aggressive trading by the time the market closed.

The stunning debut ranks as one of the strongest first-day performances ever for a foreign company listing its stock in the United States.

Baidu's backers also made a fortune Friday. IDG, one of Baidu's earliest investors, saw the stake it acquired for $1 million a few years ago jump to over $150 million. And the 28 percent stake that Draper Fisher Jurvetson acquired over the past few years for about $12 million is now valued at close to $1 billion.

Over the weekend, however, several analysts questioned whether Baidu's stock had risen too sharply, saying that the company is still very small. But they asked not to be quoted by name for fear of upsetting Baidu's investors.

Other experts, however, said American investors were betting that the Internet would be as powerful a force in China as it is in the United States.

Eyeing this huge and apparently fast-growing market, America's technology giants and venture capitalists have been rushing into China over the past few years, searching for the next Yahoo, Google, Ebay or Amazon.com.

Groups of young Chinese entrepreneurs, many of them educated in the United States, have been fashioning Chinese versions of America's Internet giants, hoping to create their own dot-com boom. And they seem to be succeeding. Backed by huge investments from U.S. technology giants and venture capital firms, Chinese companies like Shanda Interactive Entertainment, Sina, Sohu, Netease and Ctrip have all prospered with listings on the Nasdaq market in recent years.

Foreign investment in Chinese Internet start-ups also seems to be booming. Last year, Google acquired a $5 million stake in Baidu.com shortly after Yahoo took control of another successful Chinese search engine company called 3721. Ebay, meanwhile, acquired eachnet.com in 2002 and has said it plans to invest an additional $100 million in China over the next few years.

And recently, Microsoft's portal created a joint venture with a Shanghai company controlled by Jiang Mianheng, the son of the former Chinese president Jiang Zemin.

Some of the excitement has been generated by Shanda Interactive, which is one of the most successful Chinese companies listed in the United States.


SHANGHAI Foreign investors seem to have a frenzied appetite for all things Chinese, particularly the growth potential associated with the Internet in China, where there are now estimated to be about 100 million regular users.

dieter
09-08-2005, 12:01 PM
No much feedback here.
Should I stop posting intresting articles and company data.

dieter
10-08-2005, 03:25 PM
A little overlooked asset of this group may hold the fate of many hepatitis suffers in its grasp....

Once accepted by TGA this will add to this groups China play---incidently one of the largest host countries


PHARMASAFE PTY LTD
Pharmasafe Pty Ltd’s (“Pharmasafe”) application for a herbal based product to reduce the effects of hepatitis B was withdrawn last year after the Australian Therapeutic Goods Administration (“TGA”) sought a change to one ingredient. The change required substituting a non-herbal ingredient with a herbal alternative. This has now been undertaken with tests indicating similar results. Accordingly, re-submission to TGA for approval is being prepared with lodgement anticipated before December 2004. An acceptance is expected in the New Year.

Extract from Aust Gov sources

“Public health significance & occurrence
Hepatitis B virus is a major cause of chronic hepatitis, cirrhosis and hepatocellular carcinoma.
An estimated two billion people have been infected with HBV worldwide, 350 million of whom are chronic carriers. Each year an estimated one million people die as a result of HBV infections and over four million new acute clinical cases occur.
In countries with low endemicity (HBsAg prevalence less than 2%) most infections occur in young adults and especially among persons who belong to known high risk groups. Risk of HBV infection increases with:
• unprotected sexual contact
• injecting drug use
• household and sexual contact with known HBV infected persons
• incarceration
• workplace exposure to blood.
In higher endemicity areas (HBsAg prevalence ? 2%) most infections occur as a result of perinatal transmission from HBsAg-positive mothers or early horizontal transmission via close contact in the household family setting.”

dieter
12-08-2005, 03:45 PM
The roolout of Keno has begun
http://users.tpg.com.au/joesmith/SSIkeno.gif

Knox
15-08-2005, 03:46 AM
Hi Dieter,

do you know somthing about GCN and ACMC?
I`ve found something in David Bilby`s Blog you can visit on http://www.hiptop.com/hiplog/read/4/1643/

He say`s:"I can really see how GO Connect will be a part of ACMC."

p.s. good work, I`m reading your post`s since the beginning and
it would be a pity if you stop posting.

dieter
15-08-2005, 11:28 AM
Hi Knox
He has me confused--but he is closer to God than me.

todays USA press on China Gaming

Net giants bet big on China's potential

YOUNG MARKET FUELS HOPES FOR FUTURE

By Michael Bazeley

Mercury News


The Internet gold rush is on in China.

A surprisingly successful initial stock offering in early August by Baidu, known as China's Google, recalled the dot-com exuberance of the late 1990s. And last week, Yahoo announced a $1 billion investment in Chinese e-commerce company Alibaba, reportedly the largest U.S. investment in a Chinese company to date.

EBay, meanwhile, is investing heavily in its Chinese auction business and hopes to break ground soon in Shanghai on its Chinese headquarters, which will be its largest overseas operation. And venture-capital investment in China, much of it by Silicon Valley firms, has swung upward.

``We're looking at five, 10 to 15 years, we think this might be the largest e-commerce environment in the world and Internet search market in the world,'' Yahoo Chief Operating Officer Dan Rosensweig said last week in Beijing when announcing the Alibaba investment.

Future growth

From Yahoo and eBay to Amazon.com and Google, the Internet giants are jostling for a stake in China's nascent online market, expected to fuel much of the Internet's growth in the coming decades. As they rush in, the large U.S. firms -- as well as smaller start-ups -- are finding a highly competitive market that is still finding its legs and stoking concerns about another Internet bubble.

``Everyone is saying, we have to be in China.' '' said David Chao, co-founder of DCM-Doll Capital Management, a venture-capital firm that is heavily invested in China.

With 1.3 billion people, China offers tremendous potential for Internet companies. But they face myriad challenges trying to do business in China.

The business climate is young, and only about 8 percent of Chinese residents, or 103 million people, have Internet access, according to official Chinese estimates. That is the second-largest Internet population, but still far behind the United States, where Internet penetration is 65 percent, reaching 203 million people.

Online advertising revenue in China will total about $180 million this year, and that money is being chased by at least half a dozen large online players, including domestic companies Sina, NetEase and Sohu as well as Yahoo.

By contrast, Yahoo alone took in about $3 billion in advertising revenue worldwide in 2004.

``I think the days of winning the lottery in China are long gone,'' said Harry Tsao, whose Los Angeles-based shopping search engine Smarter.com recently expanded to Shanghai. ``If you've spent any time in China, you know it's very competitive.''

E-commerce companies face logistical and cultural issues too, such as the lack of a sophisticated shipping and delivery system and a general mistrust of using the Internet for commerce.

Just 12 percent of Chinese Internet users shopped online in 2004, according to Shanghai research firm iResearch. That number is expected to creep up to only 17 percent, or 35 million online shoppers, by 2007.

``In China, if your money gets stolen or your credit card is stolen, or you never receive the package that you ordered, it's difficult to get your money back,'' said Jim Sun, a Shanghai-based analyst with Evolution Securities. ``Cash on delivery is quite popular. There's a long education process that needs to take place.''

Indeed, China is still a largely cash-based society, with credit-card penetration at an estimated 3 percent.

Chao says auction Web sites are noticing that some of their users are content to complete their transactions offline after first making contact online -- bypassing the fees that are the lifeblood of some Internet companies.

``The buyer calls the seller directly and says, `Why should we give eBay a cut?' '' Chao said. ``There's a lot of that going on.''

Investors and companies also complain that the management talent pool in China is shallow, largely because the country has a sh

dieter
17-08-2005, 10:20 AM
Activity is buzzing in China

released today
CHINA VIEW: Alibaba Compounds Baidu Exuberance&gt;BIDU


By Paul Waide
A Dow Jones Column

BEIJING (Dow Jones)--No one thought there could be a China deal to top Baidu.com Inc.'s (BIDU) blockbuster initial public offering.

ADVERTISEMENT


But Yahoo Inc.'s (YHOO) plan to invest $1 billion in cash for 40% of China's biggest e-commerce site, Alibaba.com, has sent the market wild with speculation about what could be next.

One of the key players to watch is Softbank. In addition to being one of the early investors in Alibaba.com, Masayoshi Son's Softbank was an early investor in two of the most successful Chinese IPOs in the past two years: Shanda Interactive Entertainment Ltd. (SNDA), via Softbank Asia Infrastructure Fund; and Focus Media Holding Ltd. (FMCN), via Softbank China.

Softbank Corp. invested $18 million in Alibaba.com back in 2000 and has participated in subsequent rounds of financing. Softbank will pocket $360 million from the sale of its 40% stake in Alibaba subsidiary Taobao.com, which competes directly with eBay Inc. (EBAY).

Also as a result of the Yahoo deal, Alibaba CEO Jack Ma will take the reins of a newly formed entity that includes the former Yahoo China and Alibaba. Yahoo China president Zhou Hongyi, who resigned last month, will join IDG Ventures as a partner on Sept. 1.

So with Alibaba now off the IPO watch, investor interest will turn to other online and mobile payments companies. EBay's PayPal and Alibaba's Alipay might have the deepest corporate pockets, but there are a couple of Chinese competitors looking to lay claim to consumer payments.

The two hottest China payment properties are Shanghai SmartPay Co. Ltd., which raised HKD64 million ($8.2 million) in 2004 from Hong Kong's 2B Holdings and is on the brink of closing a second round (expect an announcement later this week); and 99Bill Corp., founded by Netease.com Inc. (NTES) veterans Oliver Kwan and Helen He. 99Bill is also based in Shanghai.

Still on payments, Softbank Asia Infrastructure Fund counts China UnionPay Merchant services as a portfolio company. The fund also invested in ATA, an automated test system developer and Beijing-based television shopping network Acorn International in the first quarter of 2005.

Back To Earnings

Tom Online Inc.'s (TOMO) second-quarter results bode well for KongZhong Corp. (KONG), which announces on Tuesday, and Linktone Ltd. (LTON), which is set to report on Thursday.

Tom Online saw revenues from wireless value added services grow 21.6% to $40.7 million in the second quarter. Multimedia messaging service (MMS) growth was a highlight for Tom Online, up 36.7% for the quarter and 29.3% on the same period in 2004. Tom Online's MMS success also bodes well for Sohu Inc. (SOHU), now that it's permitted to offer MMS services again.

After IPOs from Baidu.com and Focus Media, it came as no surprise to hear that Shanghai-based Target Media has gone into its pre-IPO silent period. Target competes directly with Focus Media but unlike Focus Media, which had a raft of venture capital investors behind it, has just one major financial backer, the Carlyle Group.

Online game giant Shanda saw its biggest single day gain for the year in the wake of the Yahoo-Alibaba deal despite mediocre quarterly results (at least compared to competitor Netease.com) and the uncertainty surrounding its set top box. Industry insiders attributed heavy volume in Shanda stock to institutional buying.

Shanda plans to begin promoting its passport system this week. The passport system will allow game players to have a single Shanda account that allows them to login to all Shanda games.

Meanwhile, Shanda and Sina Corp. (SINA) shareholders are no closer to knowing whether Shanda will make any further moves on Sina after both companies faced investors for second-quarter results. Shanda and related entities still control 19.5% of Sina according to the last official word from either company.

Instant messaging giant Tencent Holdings

dieter
19-08-2005, 03:21 PM
Company Announcement Office
Australian Stock Exchange Limited
Dear Sir/Madam
Re: TGA approves Pharmasafe’s Liver Bioguard as listed product
Pharmasafe enters into Distribution Agreement with GoConnect for Liver
Bioguard
Sino Securities International Ltd (“SSI”) and Pharmasafe Pty Ltd (“Pharmasafe”) are pleased to
advise that Pharmasafe’s Chinese herbal remedy, Liver Bioguard, has received final approval
from the Australian Therapeutic Goods Administration for sale as a listed product. Professor
TC Lin and SSI joined forces in January 2002 to establish Pharmasafe to promote and
distribute complementary Chinese medicine. Liver Bioguard is the first complementary
Chinese medicine product owned and to be distributed by Pharmasafe. SSI holds 40% of
Pharmasafe.
GoConnect Ltd (“GCN”) is also pleased to advise that its wholly owned subsidiary, GoConnect
Australia Pty Ltd (“GAP”) has entered into an agreement with Pharmasafe Pty Ltd
(“Pharmasafe”) for GAP to develop the Pharmasafe Internet site located at
www.pharmasafe.com.au and to act as exclusive Internet distribution agent for Pharmasafe
products in return for a revenue share on sales. The first product that will be distributed via the
Pharmasafe website will be Liver Bioguard, a Chinese herbal remedy developed by Professor
Lin from over 20 years of research and practical application. Liver Bioguard helps to restore
the human liver, affected by viral infections, to normal conditions.
The liver is the largest gland in the body. The liver filters blood from both the portal and
systemic circulations. The body depends on the liver to regulate, synthesize, store, and secrete
many important proteins and nutrients and to purify, transform, and clear toxic or unneeded
substances. Normal liver functions can be affected by a number of diseases. Most commonly,
the liver can be impaired by Hepatitis related to viral infections or medications and cirrhosis
related to alcoholism. Hepatitis B Virus (“HBV”) Infection is the most common form of viral
infection of the liver: HBV is 100 times more infectious than HIV, the virus that can cause
AIDS. An estimated 350 million people are infected globally with HBV. Approximately 1
million die each year from complications from HBV. The next most common form of liver
viral infection is Hepatitis C Virus (“HCV”) Infection which cannot be vaccinated against. 3%
of the world's population is infected with HCV, or approximately 170 million.
GoConnect Limited
ACN 089 240 353
Level 6, 43-51 Queen Street
Melbourne Victoria 3000
Australia
Tel 61 3 9993 7000
Fax 61 3 9993 7099
Pharmasafe’s Liver Bioguard works to restore the viral infected liver to normal functions by
restoring the body’s natural immunity to a state that enables the body to combat liver viral
infections and improves well-being to the body. Liver Bioguard can be ordered directly from
www.pharmasafe.com.au.

dieter
19-08-2005, 06:11 PM
It was previously reported as,but is now real and online

"Pharmasafe will be 60 per cent owned by Professor Tzi and 40per cent by Sino Securities. Professor Tzi will provide intellectual property, built up over 30 years, to the joint venture while Sino will provide investment banking services. Sino subsidiary, the Internet group GoConnect, will provide the Internet presence for Pharmasafe to operate.

Mr Li said GoConnect's GoTrek function would provide online video information about hepatitis and the Pharmasafe remedy.

He said the first product to be sold by Pharmasafe would be a hepatitis B treatment developed by Professor Tzi from traditional Chinese remedies.

The treatment, taken in pill form, has a track record of removing symptoms in about 75per cent of cases, restoring liver function and ensuring patients can lead healthy, normal lives without the danger of transmitting the disease to others. In some 10per cent of cases, the disease is totally cured.
Professor Tzi said he hoped that the Internet would allow him to reach large numbers of people across the world and that he planned to find other remedies to build his online presence.

mcharman1
19-08-2005, 09:35 PM
Hi Dieter

I have been following your GCN posts for the past3 months, and find them very interesting. I currently have a large holding of GCN shares, and my cousin is a friend of the Chairman Richard Li, Richard expects GCN shares to be worth North of $1.00 a share within the next six months.

Lets hope he is right.

All the best

Mark

Winnie Burgers
22-08-2005, 08:36 AM
AU$10,000 to invest ...

Should I invest(gamble) it in SSI or GCN ??

:)

dieter
22-08-2005, 10:16 AM
I suggest GCN---only because its a more liquid stock.

To be more specefic is very difficult,otherwise go 50/50

dieter
22-08-2005, 01:44 PM
While we wait for further details on Shanghai Keno developments....there is no grass growing under the Pharmasafe Bioguard product

Just noticed from their WWW site

"The Australian, Therapeutic Goods Administration has now approved Liver Bioguard as a listed product.

The product is expected to be available for sale by October 2005 at A$49.95 per bottle of 30 tablets, plus postage".

If only a small amount of KNOWN suffers ,with "back of the envelope" could attract a Mkt Cap over $500 mill to SSI, that another $10+ /share....

With the level of liver complaints (Hepatitus is one) in China/Asean at record levels and no immediate cure augers well for the SSI/GCN group...

Must be time to place a few more dollars on the table

dieter
23-08-2005, 12:19 PM
this article shows what we can expect in China

FOCUS: Online Gaming Is More Than A Passing Fad

(This story was originally published Friday)

By Lilly Vitorovich

ADVERTISEMENT


Of DOW JONES NEWSWIRES

LONDON (Dow Jones)--Online gaming is much more than just a passing fad as time-poor punters surf the internet on the hope of making a quick buck.

Despite online gaming companies trading at very high price-to-earnings ratios, more commonly reserved for blue chips with an excellent track record, talk of a bubble and comparisons to the ill-fated technology sector are unfair, say analysts.

The major difference between the two sectors is that the current players, PartyGaming PLC (PRTY.LN), Sportingbet PLC (SBT.LN), BETonSPORTS PLC (BSS.LN) and its peers, generate healthy earnings returns and have good growth prospects.

However, most analysts do concede that the current double digit growth rates of gaming is unsustainable and is likely to trigger widespread industry consolidation.

Altium analyst Greg Feehely rejects technology bubble comparisons, which culminated in the tech crash in 2000. "A bubble suggests that there isn't anything of substance underneath it in terms of profits or cash, which clearly is what was happening in the dot.com bubble."

"The difference between that and what's going in online gaming is the substantial cash and profits being generated, and the rate of growth has been very substantial," he said.

Deutsche Bank says "talk of a bubble is misplaced, given that many of these companies generate substantial profits, with European companies profiting from the gray area of US legislation."

PartyGaming, the world's largest online poker operator which runs the PartyPoker website, is expected to report profit before tax and exceptional items of $500 million for the year ended Dec. 31, according to analysts.

The company recently raised GBP907 million via an initial public offering to U.K. and European investors. Since its debut on the London Stock Exchange on June 27, PartyGaming's shares have jumped 44% from its 116 pence initial offer price, and trades on a forward PE of 24.63 times, according to FirstCall. The stock finished trading Friday at 168.1 pence.

With a market capitalization of GBP6.66 billion, PartyGaming is expected to be admitted next month into the FTSE 100-stock index - the U.K.'s bellwether equity.

Shares in online and phone betting group Sportingbet have more than tripled to 382.25 pencesince its debut on the Alternative Investment Market in the U.K. in January 2001.

Sportingbet recently delivered an upbeat earnings outlook, forecasting a pre-items operating profit of GBP60.5 million-plus for the year ended July. 31.

BETonSPORTS, which offers online betting for U.S. sports, has also done fairly well since its IPO in July 2004. The stock is up 14% at 159.75 pence Friday from its 140 a piece offer price.

Last month, BETonSPORTS delivered a bullish earnings trading update, and said the integration of its recently acquired Asian online gaming business Easybets is progressing well.

As with most things, Asia is expected to play a big role in the expansion of the overall gambling industry.

Iain Wilkie, a partner at Ernst & Young, who works in the gaming sector, said online gaming operators are "generating significant profits and significant amounts of cash" in stark contrast to the tech companies, who were promising investors big returns, but most rarely delivered.

Asia Gambling Haven

With still a great deal of uncertainty surrounding U.S. law governing the participation by U.S. citizens in online gambling sites, Asia and Europe will come under the spotlight for companies looking to grow the business, say analysts.

Asia provides huge potential for both land-based and online companies, and there is room for both in the burgeoning gambling market, Wilkie said.

"One it's a factor of size, and two it's a factor of culture. Gambling is heavily embedded in most Asian cultures, and therefore it's som

dieter
01-09-2005, 02:45 AM
Ok so I have not updated for a week !

SSI followers would be aware that the company has made a placement of 2.2 mill shares at $3.50AUD. This has placed immediate funds in the company with a view to expand the rate of progress in China.

I understand that ASX requirements and approvals of the gaming deal have concluded and that final documents are with ASIC, this could take 15 days, so 15th September should be a very important day...

With the support by instutional investors argues well for future and immediate gains and should attract other players into accepting that SSI has stolen the march into China Mainland.I would not be surprised that more deals and more permits are involved....

I took on board a few more this week

dieter
02-09-2005, 01:31 PM
the executive team get stronger...

Australian Stock Exchange
Company Announcements Platform
Dear Sir/Madam
Re: Appointment of new director: Mr. Bruce L Mathieson
The Board of Directors of Sino Securities International Ltd (“SSI”) is pleased to
advise that Mr. Bruce Lawrence Mathieson, former Chairman of SSI, has consented
to rejoin the Board of SSI as a non-executive director. His appointment will be
effected at the next shareholders’ meeting of the Company.
Bruce will also be a member of the Gaming Operations Committee within the Board,
which will advise the Board on all matters relating to the Chinese gaming operations
being acquired by SSI. The SSI Board is delighted with Bruce’s decision to rejoin the
Company’s Board. He brings to SSI a wealth of experience, expertise and
relationships within the gaming industry.

dieter
03-09-2005, 11:29 AM
A sign of things to come

"Online gaming powers H1 for payment firm NETeller
Fri Sep 2, 2005 10:22 AM BST
Printer Friendly | Email Article | RSS

By Ben Harding

LONDON (Reuters) - Asia's growing appetite for online gaming will drive earnings at NETeller for several years, the online money-transfer firm said as it doubled profits for the third half-year in a row.

The craze for online gambling, which made up 80 percent of the company's transfers in the first half, was still going strong in Western markets, and Asia had huge potential to continue that growth, Chief Executive Gord Herman said on Friday.

"Asia hasn't even started in this industry yet. It's potentially a massive industry that right now probably has, at least, a 2 to 3 year growth cycle," Herman told Reuters.

NETeller's pretax profit jumped 126 percent to $40.6 million (22.1 million pounds) in the six months to end-June, while it increased revenue by 122 percent to $73.5 million. Herman said he saw this level of growth continuing into the second half and beyond.

"For the last half of the year that's certainly sustainable. For 2006, ... I would guess with what's happening, and our ability to penetrate the Asian market, that that's highly probable," the Canadian, former General Electric executive said.

Although the proportion of Chinese people hooked up to broadband internet was tiny, the actual number -- around 80 million -- was the same as in the United States, Herman said. This figure was expected to grow to 280 million by the end of next year, he said.

At present gambling is restricted in China to certain economic zones such as Macao, but Herman said the issue was to what extent the Chinese government could control a new generation who are online and like gaming.

"There's a propensity in China to gamble. They like it."

dieter
08-09-2005, 07:38 AM
Macau takes off,SSI is dealing on the mainland....

Gambling boom awakens sleepy Macau
By Gary LaMoshi

MACAU - Contrary to what you may have heard and read, Macau is not Las Vegas, at least not yet. But it is enjoying an unprecedented boom thanks to a US$12 billion wave of hotel and casino construction spurred by Las Vegas high rollers.

The former Portuguese colony, a peninsula and two islands about 60 kilometers (and at least 60 decibels) away from Hong Kong, first legalized gambling in 1847. When Macau returned to Chinese sovereignty in 1999, authorities immediately cracked down on triads whose open warfare had downgraded Macau's reputation from seedy to unsafe. Things really began picking up in 2002 when the government ended the 40-year gambling monopoly of Stanley Ho's Sociedade do Jogos de Macau (SJM, or "Macau Gaming Society" in English). The government granted two new gaming licenses, and when the dust cleared (actually, things are



still pretty dusty these days with 1.7 million square feet under construction at more than 500 sites) Las Vegas high magnates Steve Wynn, of the eponymous chain Wynn Resorts, and Sheldon Adelson of the Las Vegas Sands empire had come to Macau with bankrolls in the billions.

Adelson envisions an eastern version of the Las Vegas Strip on landfill between Macau's outer islands of Coloane and Taipa, anchored by his $2 billion Venetian Macao. Ahead of the Venetian's 2007 debut, the Sands opened a $240 million downtown casino in May 2004, giving Macau its initial look at Las Vegas glitz. From the pure gold glass exterior to shiny black 15,300 square meter open plan interior with a 50 ton chandelier and 20 meter high ceiling, the Sands antithesizes the gambling dens of the Ho's flagship Hotel Lisboa. It also antithesizes Las Vegas: this Sands has no hotel (just 51 suites for invited high rollers; don't call us, we'll call you) and no retailing. These days, Vegas hotels get half their revenue outside the casino, from restaurants, retail, rooms and related attractions; in Macau, the take beyond the tables represents just 3% of the pie. Resorts on the drawing board, particularly the Cotai strip, will feature new ways to disgorge customers' wallets.

Gambling on China
Today, most people come to Macau for one reason: to gamble. Rounding out the top five: romantic weekending from Hong Kong; commercial sex, ranging from Russian streetwalkers to massage parlors; eating Macanese, the original fusion cuisine; and seeing the legacies of Chinese culture and Portuguese rule dating to 1557 that won Macau a place on the United Nations World Heritage List in July.

Tourist numbers are skyrocketing, from 7.5 million in 1999 to 16.7 million last year, expected to reach 20 million this year. Current figures show 55.8% of visitors come from mainland China, many taking advantage of liberalized rules that allow travel to Macau by individuals, rather than only as part of those flag-waving, bus-riding, restaurant-jamming tour groups. Another 30% come from Hong Kong, one hour away on Ho's jetfoil ferries making 80 trips a day, and 8.3% from Taiwan.

House winnings at Macau's 19 casinos are poised to exceed $6 billion this year, overtaking Las Vegas and its more than 200 casinos as the world's top gambling earner. Macau's average daily take per table is around $18,000 (slot machines account for less than 2% of Macau's gambling take), better than five times the average for Las Vegas. Macau has a simple formula for its big money action: higher stakes. In Vegas, you'll find $1 tables, but in Macau the betting starts at HK$100 (US$12.85; Macau's official currency is the pataca with a fixed exchange rate of eight to $1, but Hong Kong dollars are so common that casino limits are denominated in them, and they circulate on par with the slightly less valuable pataca), and those tables are hard to find.

The real action, however, isn't in the HK$300 blackjack or the Chinese big-small dice game, but VIP baccarat in plush, private rooms. High rollers, known as whales, account for about 80% of

mcharman1
08-09-2005, 08:56 AM
Hi Guys

SSI Buy NOW, big hitters coming in at start of market today.

You have been given the heads up

Winnie Burgers
08-09-2005, 11:16 AM
Waiting for these 'big hitters'?!!
Opening trade $549 :)

dieter
08-09-2005, 04:29 PM
quote:Originally posted by Winnie Burgers

Waiting for these 'big hitters'?!!
Opening trade $549 :)


I hear that there is an Offical Govt Press release in China attended by many journo,s very very imminent..

mcharman1
08-09-2005, 08:08 PM
For your information, the Shanghai Welfare Lottery Issuance Centre (SWLC)
will officially launch keno in Shanghai today. A press conference will be
held today with over 30 journalists present at The Exchange Bar in Shanghai,
one of Sino's keno/lotto points of sale. Sino will be represented at the
press conference.

Big Hitters are wharehousing the stock, watch next couple of days.

mcharman1
08-09-2005, 08:12 PM
A number of Hong Kong Brokers and private investment houses are about to jump into SSI.

You heard it here first.

Regards

dieter
09-09-2005, 10:39 PM
Shanghai to introduce keno

http://news.xinhuanet.com/english/2005-09/09/content_3465652.htm 2005-09-09 10:37:00


A customer buys keno tickets at the Stock Exchange bar on Tongren Road yesterday. The Shanghai Welfare Lottery Distribution Center is offering the new game at more than 100 restaurants, bars and tea houses to attract more white-collar workers and foreigners.
BEIJING, Sept. 9 -- The Shanghai Welfare Lottery Distribution Center is offering a new game, keno, at more than 100 restaurants, bars and tea houses around the city.

The lottery center says it hopes the game will attract more white-collar workers and foreigners, few of whom play the city's traditional lotteries which raise money for a social welfare fund.

The game, which is popular in many parts of the West, is a cross between a lottery and bingo, and offers players the chance to win up to 200,000 yuan (US$24,691) from a 2-yuan ticket.

Players choose up to 10 numbers between one and 100, and then a computer draws 20 numbers. The more correct numbers a ticket has, the larger the payout. Players can buy tickets ranging from 2 yuan to 100 yuan.

A computer will pick a new set of 20 numbers every five minutes from 7:45am to 11:45pm starting next week.

"We hope keno will become a new fad among the young well-paid white-collar workers in the city," said Yu Jianguo, director of the local welfare lottery center. "They should play a bigger role in the city's welfare."The group now accounts for only 20 percent of lottery buyers, according to Yu.

"I think I'd like to try my luck when I'm with my friends in a bar," said Xia Zhe, a technical support worker for a multinational company.

Xia said that he doesn't buy traditional lottery tickets, as they are only for people who dream of becoming rich overnight.

The center has already granted keno sales permits to 200 outlets, such as the Stock Exchange bar on Tongren Road, and plans to extend the network to 400 locations by the end of this year.

Bars and restaurants that want to offer the game need to put down a deposit of 100,000 yuan, but earn a 6-percent commission on ticket sales, and 1 percent of prizes paid out at their location.

According to Yu, keno will be available in more than 50 cities around the country by the end of this year.

"Lotteries are still one of the most frequently used methods to raise charity funds. Indeed, it's a good way," said Yu Hai, a sociology professor at Fudan University."However, children should be kept away from lotteries, and there should be regulations on that as lotteries become more widely available."

(Source: Shanghai Daily news)

dieter
09-09-2005, 10:50 PM
here is the company announcement..

Australian Stock Exchange
Company Announcements Platform
Dear Sir/Madam
Re: Official launch of Keno games in the City of Shanghai
The Board of Directors of Sino Securities International Ltd (“SSI”) is pleased to
advise that it has received advice from China Entertainment Holdings Ltd (“CEH”)
that Keno games will be officially launched in Shanghai on 12 September 2005, after
3 months of successful trial. The Shanghai Welfare Lottery Issuing Center (“SWLC”),
operator and regulator of Keno and Lotto games in Shanghai, conducted a press
conference on 8 September 2005 at one of the Keno and Lotto points of sale that
belong to CEH, The Exchange Bar, officially announcing to the Chinese media the
arrival of Keno to the City of Shanghai. CEH’s executives represented SSI at the
press conference.
Keno games in Shanghai will be distributed at various dining establishments,
teahouses, bowling alleys, karaoke bars, and retail outlets. A Keno game in Shanghai
is played and drawn every 5 minutes and the highest prize can be 100,000 times the
initial bet. Each bet will cost RMB 2. Winning numbers are drawn randomly by
SWLC’s centralized computer and transmitted automatically for display at each point
of sale.
CEH also advises that it has already established 22 Keno and Lotto points of sale.
With the official launch of Keno games on 12 September 2005, the rollout of CEH’s
Keno and Lotto point-of-sale network in Shanghai is expected to accelerate from here
on.
Yours sincerely
Richard Li
Managing Director
Sino Securities International Ltd

dieter
12-09-2005, 04:45 PM
8 September 2005
A whole new game
Chinese Lottery Market
Karen Tang, MA
Research Analyst
(852) 2203 6141
karen.tang@db.com
David Li, CFA
Research Analyst
(852) 2203 6256
david.li@db.com
A new paradigm

China is the world's 10th largest lottery market, and is growing fast. New policies
are encouraging high frequency games, such as Keno and video-lottery terminals
(VLTs). We see opportunities for investors as sales agents in traditional lottery or
as operating system suppliers in high frequency lottery. In this emerging industry,
it is important to pick companies with sustainable business models.

High growth potentials
China is one of the world’s most exciting lottery markets, in our view. We
estimate the market will increase 80% yoy to US$8.6bn in 2005. In August, we
went to northeast China, and visited points of sales for all three types of lotteries
(traditional, Keno and VLTs). We also met with government officials and industry
contacts. We came away confident about the industry’s high growth potentials.

… driven by new games and broader distribution

To re-capture illegal gambling revenues, the government has taken some
important steps. First, high-frequency games, with draws every 3-5 minutes, are
being introduced. Second, VLTs, which to an average player look almost exactly
like slot machines, are being rolled out. Third, Keno distribution networks are being
widened to restaurants, karaoke lounges and other F&B outlets. Finally, prize
payout is being raised from 50% to 65-75%.

Sales agent vs operating system supplier
Investors can participate either as sales agents, or as operating system suppliers.
For traditional lotteries, sales agents are entitled to 6% of lottery sales. For highfrequency
lottery games, operating system suppliers get 0.92% of lottery sales.
While returns may be higher for sales agents, we believe regulatory and
operational risks are also higher.

dieter
13-09-2005, 11:24 PM
[u]Extract from from todays ASX release</u>

Significant features of operating performance.

In August 2005, GCN entered into an agreement with Pharmasafe Pty Ltd (“Pharmasafe”) to
develop and manage the Pharmasafe Internet site located at www.pharmasafe.com.au and to act
as exclusive Internet distribution agent for Pharmasafe products in return for a revenue share on
sales. The first product to be be distributed via the Pharmasafe website will be Liver Bioguard, a
Chinese herbal remedy developed by Professor TC Lin of Melbourne, from over 20 years of
practical application. Liver Bioguard helps to restore the human liver, affected by viral infections
such as Hepatitis B and C, and chemicals, to normal conditions. An estimated 520 million people
worldwide are infected by viruses such as Hepatitis B or C. The agreement with Pharmasafe
demonstrates how GCN is able to capitalise on its capability to generate additional income for the
group.
GCN is firmly focused on marketing its portfolio of media products and ADSL broadband to lift
operational revenue. Continuing efforts are made in establishing the GoTrek and m-Vision
platforms, and the mobile gaming technology in the international market. In particular, now that
distribution infrastructure is in place in India via GCN’s partnership with the Times Group,management attention will also be devoted to the large market of China. With the explosive growth
of the mobile phone industry in both India and China, the timing is right for GCN’s media and other
mobile technologies to penetrate these major markets. Indications received to-date of the
acceptance of our technologies in China is very encouraging


Pharmasafe Pty Ltd (“Pharmasafe”)
Established in January 2002 together with Professor TC Lin, Pharmasafe has spent the past 3 and
a half years focusing on securing approval from the Australian Therapeutic Goods Administration
(“TGA”) for a herbal remedy developed by Professor Lin, Liver Bioguard, for sale as a listed
product. Approval from the TGA was finally obtained in August 2005.
Pharmasafe entered into an agreement with GCN in August 2005 for GCN to develop and maintain
the Pharmasafe website located at www.pharmasafe.com.au, and for GCN to act as exclusive
online distribution agent for Pharmasafe’s products with the first product being Liver Bioguard.
Additional products for distribution by Pharmasafe will be secured from professor Lin’s portfolio of
existing TGA approved products.

[u]Sino Investment Services Pty Ltd (“SIS”)</u>
SIS revenue improved by 93.9 per cent to 185,656 for the year ended 30 June 2005 compared to
the previous corresponding year due to a better performance in the overall share market and
additional corporate activities. Securities brokerage income improved by 75 per cent in June 2005
compared to the average of the 12 months ended 30 June 2005 and the improvement had
continued in the months of July and August 2005. The ASX’s performance is expected to remain
buoyant for the balance of the current financial year and accordingly, the improving trend in our
financial services income can be expected to continue.

[u]China Entertainment Holdings Ltd (“CEH”)</u>
On 14 May 2005, SSI entered into an agreement with Best Winning Investment Ltd (“Best Winning”)
to merge the Consolidated Entity with the business of Best Winning’s wholly owned subsidiary,
CEH, by way of issue of shares by SSI to Best Winning. A shareholder meeting will be held in
October 2005 to seek shareholders’ approval of the merger with CEH.
CEH has secured a number of lotto and keno permits in the City of Shanghai acting as agent for
sale of lotto and keno games. CEH will become the Consolidated Entity’s vehicle for conducting
gaming businesses in the People’s Republic of China. Once a successful business model has been
established for CEH in Shanghai, CEH will look to expansion of its business to other gaming
activities as the Chinese gaming industry evolves. CEH is also drawing u

dieter
20-09-2005, 12:50 PM
Both GCN and SSI to benefit

Market forecast

2005-09-19 06:52

Evolution Securities China Ltd's selected stocks - SOHU, NTES, and CTRP - rose 10.5 per cent on average in the first half of this year.

Its China Internet index dropped 13.5 per cent over the same period, while the NASDAQ declined 4.4 per cent and Dow Jones fell 4.2 per cent.

China's Internet market has five distinct revenue sources: online advertising, online search engines, online gaming, e-commerce and wireless value added services (VAS). Evolution Securities predicts that the entire domestic Internet market will grow from US$1.9 billion in 2004 to US$4.0 billion in 2007, a compound annual growth rate (CAGR) of around 28 per cent.

It says that online gaming will surpass wireless VAS to become the biggest sub-sector in 2005, and will grow at a 42 per cent CAGR over the next three years. Game players will gradually focus on the top games, and Evolution believes that unit prices will increase due to the change in the role playing game (RPG) model. We project The9 Ltd (NCTY) will grow faster than the industry and will be driven by the success of games such as "World of Warcraft" (WOW) to become the leading company in the RPG market.

Evolution forecasts online advertising to grow at a 44 per cent CAGR from 2004 to 2007, due to increased Internet usage and the growing prevalence of advertisements in online media.

Online advertising revenue will grow more quickly for vertical websites than for Internet portals. Evolution expects more mergers and acquisitions (M&A) or co-operation between portals and vertical websites.

Online search engines in China are still in the early stages of development. Evolution predicts the search market will grow at a 70 per cent CAGR from 2004 to 2007. Baidu, Google and Yahoo/3721 currently lead the industry, and Evolution expects Google will gain greater revenue market share after formally entering the China market in late 2005. It also says that a key Microsoft executive's decision to head Google's China operations will not yield results within the next two quarters.

Evolution estimates that the wireless VAS market will continue to drop in the second half this year, due to the possible resumption of government regulations on pornographic content, and revenue sharing changes among mobile operators from August. Operators will directly co-operate with content providers, which will have detrimental effects on the benefits of service providers.

Winnie Burgers
21-09-2005, 08:08 AM
quote:Posted - 08/09/2005 : 9:08:13 PM

Big Hitters are wharehousing the stock, watch next couple of days.

Did u mean 'weeks' rather than 'days'??
:)

mcharman1
21-09-2005, 08:38 AM
A single seller has been selling 670,000 shares in the past couple of months,he has 50,000 SSI shares left,which he should sell in the next 24 hours. The field will then be clear, for the stock to climb. Its the same guy who sold GCN down to 0.04 a while back. But he is done now, it's a good time to load up on SSI it will not go down very much further, SSI has bottomed out or will do by end of next trading session.

dieter
23-09-2005, 11:08 AM
JOINT MEDIA RELEASE of GCN and SSI
India’s Largest Media Group to adopt GoConnect’s GoTrek IPTV
technology
MELBOURNE / NEW DELHI - 23 September 2005
The Board of Directors of ASX listed GoConnect Ltd (“GoConnect”) and
Times Internet Ltd are pleased to advise that GoConnect’s commercial
relationship with Times Internet Ltd of India to market GoConnect’s m-Vision
mobile video services, has now been extended to include GoConnect’s
GoTrek IPTV (Internet Protocol TV) platform. The extension will see the
BollywoodZone TV video channel also offered to fixed line Internet users and
be marketed by Times Internet Ltd to its vast customer base. With GoTrek,
subscribers will be able to join the video service easily simply by downloading
the GoTrek software so that within 5 to 10 minutes, they will have the service
live.
At present, GoConnect and Times Internet Ltd deliver domestic video content,
branded as BollywoodZone TV to the mobile users on a subscription basis.
The extended relationship will see BollywoodZone TV deliver to the fixed line
Internet market, thus tapping into a vast existing audience.
Sanjay Trehan, Head of Broadband, Times Internet Ltd, said, “India has an
Internet population of about 40 million users. With GoConnect’s GoTrek IPTV
being able to deliver TV quality video to both dial-up and broadband users in
the same TV quality, our IPTV target market is accordingly very substantial.
GoTrek enables us to accelerate our strategy on IPTV and delivers an
interactive media player that meets the company’s online multimedia agenda.
We will work towards creating a significant revenue stream for both
GoConnect and our company”.
Local Indian television programmes such as the popular, Manish Malhotra
Show, Pooja Bedi’s - Not Just Page 3, Sunita Menon’s - Kosmic Chat, Dance
Divas, Mirchi Top 20 (top 20 Hindi songs), Page 3 daily bulletins on Bollywood
celebrities, Sadhana Cut with fashion trends in Bollywood will all be available
via the live service. In addition to exciting Bollywood entertainment content,
viewers will also be able to receive ‘Naked News In Brief’ daily to keep them
abreast of the world’s news and current affairs.
Indiatimes is the flagship brand of Times Internet Ltd, the digital venture of
India’s largest media powerhouse Bennett Coleman and Co. Ltd which owns
the many leading brands including The Times of India.
Crowned the youngest ever "Business Superbrand", Indiatimes is the
preferred on-line destination for millions of Indians, who want rich and selfdirected
online experience. With 1.3 billion page views a month, 14 million
registered users, 7,000 new registrations every day and users from 123
countries, Indiatimes is one of the fastest growing web based networks in the
world. It has established its presence as India’s most comprehensive web
entity seamlessly integrating telecom, content, community and e-commerce.
Times Group as the largest media group within India, will actively market the
GoTrek IPTV service to its online user base, both domestically and
internationally to expatriate Indians.
For more information on the BollywoodZone TV on GoTrek service, please
contact Anthony Voglis, Senior General Manager of GoConnect on +613 9993
7000 or via email on media@goconnect.com.au or visit www.gotrek.com.au.
- ends

Winnie Burgers
23-09-2005, 11:42 AM
I would've thought there'd be more excitable GCN trading with this announcement?!
Maybe not??

dieter
23-09-2005, 12:00 PM
I agree ,the no's are enormous...

I would expect a new wave of Indian and China/HK investors will emerge very soon.....The CEO is off to HK for a week

dieter
28-09-2005, 08:08 AM
According to Juniper Research, worldwide revenues from mobile gambling, mobile betting and mobile lotteries will exceed US$19.3 billion by 2009, or approximately one-third of all mobile entertainment revenues. These estimates do not include the U.S. and China markets, due to expected regulatory barriers. In a similar study, Informa Telecoms & Media predicts that there will be 201 million mobile gamblers by 2010, with the European and Asia-Pacific markets leading the way. The Informa study estimates that, by 2010, the European mobile gambling market will generate at least US$3.2 billion in annual revenues, with the Asia-Pacific market generating revenues of US$2.7 billion annually by 2010.

dieter
03-10-2005, 01:40 PM
Full details on SSI/GCN merger should be out this week,also news is espected following CEO visit to HK....

GCN to explore/introduce online mobile gaming

dieter
04-10-2005, 12:53 AM
SSI proposes that the following directors will be appointed subsequent to the general meeting on or
about end of October 2005, if the Proposed Transaction is approved by the non-associated
shareholders of SSI:
Table 3.2
Name Designation Resume
Theodore (Teddy) Chee
Tock Cheng
Executive Chairman /
Director
Mr Cheng is the CEO and a major shareholder of
Horizon Investment Group Limited (“HIG”). HIG is
the major shareholder of Best Winning and is
primarily engaged in investments in China. Mr
Cheng is also the founder and CEO of Horizon
Structured Solutions Limited and Horizon ABS
China Holdings Limited which are engaged in
financial services, providing import and export
finance to traders between USA and China. He is
currently financial advisor to various provincial
governments of the PRC.
Edwin Hong Ming Yuen Executive Director Mr Yuen has over 15 years experience in banking
and has held senior managerial positions in a
number of banks in Hong Kong. Prior to joining
CEH, Mr Yuen was the CFO and Executive
Director of a publicly listed investment company in
Hong Kong, which was engaged in investment in
properties, hotels, telecommunication, internet and
healthcare services. He was formerly a registered
Investment Advisor of the Securities and Futures
Commission of Hong Kong.
Peter J Gillooly Non-Executive Director Mr Gillooly was formerly the Chief General
Manager of Tattersall’s Ltd, responsible to the
board for the operations of all Tattersall’s
enterprises.
John Wu Non-Executive Director Mr Wu has over 20 years experience in the areas
of enterprise management and capital raising in the
USA, China and Hong Kong. Mr Wu graduated
from the University of San Francisco with a
bachelor of business degree (major in Accounting)
and a master degree in International Economics.
Mr Wu is an executive vice president of CEH.
Bruce L Mathieson Non-Executive Director Mr Mathieson is a significant investor and
owner/operator in the Australian gaming and hotel
industries, with substantial industry experience

dieter
19-10-2005, 08:16 AM
This is the place to be

"A new development for the 2005 IT rich list is the inclusion of Venture Capitalist who focus on the Chinese IT industry. Zhou Hongyi, Partner of IDG China and former president of Yahoo! China, was ranked the 29th richest IT entrepreneur on this year's list. Wang Chaoyong, President of China Equity, was ranked as the 34th richest IT people.

"It is the first time IT venture capitalist have been listed, but this will become a trend in the future as more Chinese internet companies see success," Hoogewerf said.

Media companies have also gained more recognition from capital market. The heads of leading media companies such as Phoenix TV, Focus Media, Target Media, and Sun Media were all included on the list this year's IT rich list.

"Media, especially the IPTV industry, will become a major focus in 2006," Hoogewerf said.

The total personal wealth of top 50 people on this year IT rich listed reached RMB 72 bln (USD 8.92 bln), up 60% as compared to last year, while the total wealth of top 5 hit RMB 30 bln (USD 3.72 bln). Beijing was home to 22 people from the 2005 IT rich list, while Guangdong Province was home to eight, Shanghai was home to seven, Zhejiang was home to six, and Jiangsu Province was home to five entrepreneurs from the IT rich list."

dieter
20-10-2005, 11:32 AM
update
We are soon to see how the roll out of Installations in Shanghai is going and developments (very significant) in associated areas.

After the EGM to approve the merger (I cannot see that it can fail)the company SSI will have sufficient market capital to be in the ASX 300 list and possibly ASX200, many fund managers will be obliged to buy to stay in step...

dieter
20-10-2005, 12:18 PM
GCN is the place to be to take advantage of its Indian and China markets...

Telecom companies gear up for content play: Telecom & Broadband Summit

Indiantelevision.com Team

(19 October 2005 8:00 pm)


MUMBAI: Telecom providers are increasingly entering the entertainment arena as a rapid march to the convergence era..

This was what came forth in the plenary session at CII's Telecom & Broadband Summit 2005 today.

The panel discussion - Broadband and wireless in India from an International perspective - had speakers like Accenture partner Sanjay Gopal, 3Com Corporation regional product marketing director Asia Pacific Mathew Walmsley, Microsoft GM communications sector (APac, Greater China and Japan) Michele Verhoeven and BDA China MD Duncan Clark.

dieter
20-10-2005, 04:58 PM
update was released today

20 October 2005 No of pages: - 1 -
(including this page)
Australian Stock Exchange
Company Announcements Platform
Dear Sir/Madam
Rapid rollout of Keno and Lotto Points of Sale in Shanghai and strategies for
nationwide expansion
Further to the announcement on 9 September 2005 of the official launch of Keno
games in the City of Shanghai and the establishment of 22 Keno and Lotto points of
sale (“POS”) by China Entertainment Holdings Ltd (“CEH”), a company to be
acquired by Sino Securities international Ltd (“SSI”) subject to shareholders approval
on 31 October 2005, CEH has advised the Board of Directors of SSI that the number
of POS in Shanghai has continued to grow significantly and that CEH is on schedule
to open its 50th POS by 26 October 2005, more than doubling the 22 POS as reported
on 9 September 2005. The total number of Keno POS opened in Shanghai currently
is less than 100. Accordingly, CEH’s current number of POS represents a significant
market share of all Keno POS in Shanghai. CEH advises that its wholly owned
Chinese subsidiary has already entered into agreements with over 500 retail and
eatery outlets to establish a significant network of Keno and Lotto POS. This will
pave the way for a more rapid rollout of CEH’s POS in the coming weeks and ensures
that CEH continues to be the dominant distributor of Keno and Lotto games in
Shanghai City.
CEH also advises that current sales of Keno and Lotto games at its POS are heavily
skewed towards Keno games, which have a play frequency of every 5 minutes. This
result is pleasing and has exceeded CEH’s management expectation at present. As the
number of POS opened is fast approaching a critical mass for CEH, SSI’s Australian
management will be visiting Shanghai next week to assist CEH in the development of
a marketing plan for both Keno and Lotto activities. SSI’s management will also be
working with CEH in the implementation of appropriate strategies to expand CEH’s
gaming activities nationwide within China over the next 12 months. A number of
partnerships between CEH and domestic as well as foreign parties are being
considered at present for implementation of these strategies.

dieter
27-10-2005, 09:56 AM
Desperate father gets 'best gift from heaven'
By Li Jian (China Daily)
Updated: 2005-10-26 05:41

SHANGHAI: He was down on his luck and it seemed that things couldn't get worse.

His four-year-old daughter suffers from leukaemia and all his savings and some borrowings had gone towards her treatment.

On an impulse, he used up the last 2 yuan (US$0.25) in his pocket to buy a lottery ticket and Lady Luck smiled: He won the 5 million yuan (US$616,522) top prize.

The China Charity Foundation, which oversees the lottery, released only the winner's surname, Wang, adding that he was a migrant worker from East China's Jiangxi Province.

Wang, who burst into tears when he received the money on Monday, was quoted by the foundation as saying: "It is the best gift from heaven. This will save my daughter's life."

He got 4 million yuan (US$493,218) in cash after paying taxes.

Last Wednesday, on his way home from a drugstore, Wang stopped at a lottery centre and decided to try his luck.

"I had never thought of buying a lottery ticket. But at that moment I wanted to do something for my daughter, maybe just make a wish."

The wish was closely linked to his daughter the winning ticket was a combination of the seven numbers of her birthday and former hospital bed.

"It is extremely rare for someone to get the 5-million-yuan prize with a one-time purchase," said Zhang Honglin, an official at Shanghai-based China Welfare Lottery sales office.

Wang came to Shanghai to seek his fortune four years ago with his wife and daughter. They lived a simple but happy life selling vegetables in a market until the news of their daughter's illness in May shattered them.

After spending all his savings and borrowing 100,000 yuan (US$12,300) to pay hospital bills, Wang was at the end of his tether and had to send his daughter to his hometown for treatment.

Now, he will not only be able to pay for his daughter's treatment but also help other children who are in the same plight he was he will donate part of his winnings to the Shanghai Foundation for the Handicapped and the Shanghai Charity Foundation, two groups that help the underprivileged pay for medical care and education.

"I hope more children like my daughter can be saved."

(China Daily 10/26/2005 page1)

dieter
28-10-2005, 11:37 AM
Sir Martin has long been a proponent of the growing importance of the economies in the Far East, and in particular China.

As an example of its size and willingness to embrace technological change, Sir Martin said 800m phone votes had been cast in China's equivalent of Pop Idol, Supergirl - twice the number of mobile phones in the country.

"It is true that China is only 4% of the worldwide advertising market, and it is true that the internet is only 4% of the worldwide advertising market. But both these things are changing at a tremendous pace which I don't think we fully understand.

"Saying, well, the next generation, my kids, and my grandkids, are going to have very different media consumption patterns is a little bit of a cop-out. It's actually happening now."

dieter
28-10-2005, 11:41 AM
Packers' gamble

By BYRON KAYE

October 28, 2005

THE Packer family's listed media empire, PBL, is betting its future on China's world class appetite for gambling.

Executive chairman James Packer has admitted he is happy to lose business at Burswood and Crown casinos to PBL's sinocentric gaming venture in Macau.

The comments at yesterday's shareholder meeting suggest the Nine Network owner's focus will drift, not just from its traditional businesses of TV and publishing – but offshore.

Mr Packer – flanked by his father Kerry, who stayed silent the entire meeting – said four out of five Chinese visited a casino whenever they went overseas.

And Macau, China's only special administrative region with deregulated gambling, was in a box seat to clean up.

"I'm sure many Australians, when they go on holiday, go to the beach. That's what I would do," the Bondi resident said.

"The Chinese love to gamble. Macau, having a monopoly from the Chinese central government, is an extraordinary thing."

Publishing and Broadcasting Ltd, whose registered name is looking increasingly at odds with reality, has a joint venture with Hong Kong's Melco International building two casino complexes in Macau.

The Crown Macau, with 17,000 sq/m of gambling space, is set to open late next year, with a hotel to follow. City of Dreams, complete with underwater gambling room, is slated for 2008.

Even without them, Burswood and Crown delivered more earnings to PBL than TV or publishing last year.

Mr Packer said the Perth and Melbourne casinos would lose international business as the market became crowded.

Macau was the best option for growth, even if it lured high rollers offshore.

"We have to look at it and say we're prepared to cannibalise ourselves and look at that deregulation as an opportunity, as opposed to a threat," he said.

Even Singapore, which recently moved to legalise gambling, would be no match for the former Portuguese colony: "My personal view would be that Macau is more exciting."

Mr Packer said Foxtel, in which PBL has a 25 per cent stake, was forecast to become profitable in the second half of the current financial year. PBL shares fell 12c to $16.22

dieter
31-10-2005, 10:54 PM
SSI has now completed its move to China gaming

todays release

Chairman’s Address, 31 October 2005
Today marks the start of a new beginning for SSI.
The company’s activities will in the near future be expanded to
capitalize on the gaming licenses that have been issued to China
Entertainment Holdings (now a wholly owned SSI subsidiary) and to
maximize other opportunities in, particularly, the PRC, Hong Kong
and Australia for selected investments.
I would like to briefly discuss my vision for SSI.
Gaming in the PRC is effectively a national pastime.
Gaming has existed in China since early in the 2nd century B.C. when
the earliest version of the Keno game was invented.
The Keno game was originally called White Pigeon because carrier
pigeons were used to pick up numbers and transmit the results to
remote areas.
In the Han Dynasty, the construction of the Great Wall of China was
urgently needed for the country’s defence. Imposing an additional tax
on the people for the construction of the Great Wall was not an
acceptable option, so the Keno game was invented to raise the
required funds.
It has grown in popularity ever since.
In recent years, the PRC has allowed welfare agencies to issue gaming
permits in order to raise money for welfare causes in China. Between
1987 and 1999 welfare lotteries raised about AUD$2 billion for social
welfare causes. Over the next ten years, growth in PRC gaming is
forecast to double every two years – to around 30 times its current
size by 2015.
Technology is changing the industry rapidly. No longer are carrier
pigeons involved in transmitting the results, which are, or will soon
be, instantly available via up to 200 million mobile phones, or at point
of sale terminals, or via interactive gaming television channels.
Already our Keno Point of Sale (“POS”) franchising operations in
Shanghai are underway and a similar Keno Bar franchising operation
in alliance with mass transportation operators is almost ready to start.
A natural consequence of this rollout program will be the creation of
long term sustainable revenue for SSI and its shareholders, while
providing the funding that supports welfare agencies in the PRC as
well.
It’s a win-win situation for all involved and the technology that Go-
Connect has developed over the years will be of value. In particularly
GoConnect’s mobile gaming application will be of critical importance
to the SSI Group as the mobile phone market is huge in China.
We will provide more detailed information on our gaming business
rollout program as and when appropriate.
In closing, I welcome you on board our exciting SSI Group and to
share with you the many opportunities that we have secured in the
PRC and also, via GoConnect, in other parts of the world.
Teddy Cheng

dieter
02-11-2005, 05:15 PM
My ticket issued last week from a SSI permit holder.

http://users.tpg.com.au/joesmith/kenoticket.jpg

dieter
04-11-2005, 02:15 PM
The current suspension on the ASX is likely to be lifted today or Monday as the company completes and lodges final papers with ASX/ASIC,who have previously approved all documentation,a review of the ASIC site shows that the new name has come into effect....a Total of almost $14mill now sufficient to complete rollout and establish cashlow target of $45 mill /year..

Momentary drop in GCN sgare price is possibly due to a large line of options being converted and some being sold into the market....a good buying opportunity

dieter
07-11-2005, 09:32 PM
SSI to relist Tuesday-----"look out the asians are coming"

Winnie Burgers
08-11-2005, 08:12 AM
Did you win anything on your Keno ticket Dieter? :)

dieter
08-11-2005, 09:47 PM
My ticket lost unfortunatly,but I shall be a great winner tomorrow.....SSI last traded 3.05,on return should go very quickly to $3.5+

REINSTATEMENT TO OFFICIAL QUOTATION
The suspension of trading in the securities of Sino Strategic International
Limited (the “Company”) will be lifted
before the commencement of trading tomorrow, Wednesday 9 November
2005 following following shareholder approval for the proposed
transaction with Best Winning Investment Ltd and compliance with
Chapters 1 and 2 of the Listing Rules .
Security Code: SSI
Dean Litis
Senior Companies Adviser

dieter
08-11-2005, 09:52 PM
As For GCN the subsidary of SSI.....today SSI said
"The Company’s proposed expenditures for the next 12 months
The Company intends to spend at least half of the Company ’s cash and assets in a
form readily convertible to cash on fulfilling the commitments as detailed in the
Prospectus dated 28 October 2005 and on expanding on other business divisions of
the Company. In particular, $484,000 of outstanding credit facility has been
committed to GoConnect Limited and $200,000 is earmarked as working capital for
Pharmasafe Pty Ltd for the next 12 months for personnel and inventory costs."

The seller of recent days has been a fund that converted its options and sold a significant lot into the market...the pain should stop tomorrow

dieter
10-11-2005, 11:16 AM
Desperate gamble pays off

By Li Jian

A MIGRANT worker's daughter needed treatment for leukaemia, and her father had no way to pay for it. In desperation, he spent his last 2 yuan on a lottery ticket - hitting the winning numbers and winning 5 million yuan (US$616,522).
The China Charity Foundation, which oversees the lottery, released only his surname, Wang, and his home province, Jiangxi in East China.
The lucky winner was jubilant at the news of the prize and burst into tears when he received the money on October 24.
"It is the best gift from heaven and saves my family and my daughter," Wang told the foundation.
His five-year-old daughter, who contracted leukaemia in May, was staying in a make-shift house because Wang could not afford any hospital bills.
He will receive 4 million yuan (US$493,218) in cash after paying taxes.
Walking back from a drugstore to buy medicine for his daughter on October 19, Wang stopped at a lottery sale centre and bought a China Welfare Lottery ticket, whose numbers were his daughter's birthdate and her former hospital bed number.
"That was all the money I had," Wang said. "I had run out of money treating my daughter."
Wang said he seldom bought lottery tickets before as his wages were not sufficient to support his family.
He checked the newspaper in the afternoon of October 24 and saw that his lottery ticket matched all the winning numbers.
According to Zhang Honglin, an official from the Shanghai-based China Welfare Lottery sales office, the lottery benefits underprivileged people and poor children without the means to afford medical treatment.
"It is rare for someone to get a 5 million yuan prize with a one-time purchase," Zhang said. "Only 20 buyers have got it this year."
He said he and his wife would talk about what to do with the money.
Some of it may go to the Shanghai Foundation for the Handicapped and the Shanghai Charity Foundation, which support Shanghai charities and help the underprivileged to pay for medical care and education.
"I hope," Wang said, "more children like my daughter will be saved."

dieter
11-11-2005, 01:05 PM
China 'ripe' for media explosion
By Peter Feuilherade
BBC Monitoring

Asia is set to drive global media growth to 2008 and beyond, with China and India filling the two top spots, analysts have predicted.

Japan, South Korea and Singapore will also be strong players, but China's demographics give it the edge, a media conference in London heard.

The world's most populous country - population 1.3bn - now has about 200 million middle-class consumers.

Forty per cent fall in the key 16 to 35-year-old demographic.

As a result, it is attracting huge foreign investment in media and communications, analysts told the Financial Times New Media and Broadcasting Conference last week.

Interest in China among international media groups has surged in recent months after Beijing issued rules allowing foreign investment in joint-venture television, radio and film production companies.

News Corporation, Viacom and Sony Pictures are among the big names involved in joint ventures with Chinese players.

Billion-strong TV audience

More than 700 million Chinese listen to 1,000 radio stations, while 200 TV stations broadcast 2,900 channels.

China Central Television (CCTV), the state broadcaster, claims an audience of more than a billion people.

Of the country's 360 million households, 100 million receive cable TV programmes.

The rest could be a potential audience for satellite broadcasting which China plans to launch in 2006.

The State Administration of Radio, Film and Television (SARFT), which regulates broadcasting, plans to move all programmes to digital by 2015.

The continuing roll-out of new digital channels has boosted demand for quality content, creating significant opportunities for both Chinese and foreign content providers.

China's media are now driven by investors who do not care how people consume media - they just want people to consume more of it
Jeanne-Marie Gescher, CGA consultancy
But according to recent reports from China, the authorities have tightened controls over foreign investment in TV production joint ventures.

It has limited most foreign companies to only one joint venture and banned the involvement of any found to be "unfriendly", according to reports.

The SARFT said: "There is a very strong ideological component to production of broadcast television programmes."

It added: "China must understand the political tendencies and background of overseas partners and prevent joint ventures or cooperation from bringing harmful foreign thinking or culture into our production sector."

According to the Financial Times' China correspondent, the new rules highlight the political sensitivities that surround foreign involvement in China's media sector.

This is despite Beijing's decision to open the state-dominated sector to international investment.

'Explosive growth'

As well as traditional broadcasting, Chinese and foreign entrepreneurs alike see fortunes waiting to be made in new media, like mobile services and online gaming.

Mobile games already account for 15% of revenues from China's 340 million mobile users.

Online gaming sales are predicted to top a billion US dollars next year, according to the UK-based journal Screen Digest.

The video market is also seen as a big opportunity, although piracy levels are still very high despite an anti-piracy drive during the past year.

In the cinema industry the deployment of digital screens is being accelerated.

This is not just to modernise venues but also to curb piracy and regulate distribution.

Li Ruigang, president of the commercial broadcaster Shanghai Media Group, told the conference that China's new media market "is already experiencing explosive growth".

It was particularly strong in charged broadband services and mobile value-added services.

Leading China-watcher, and founder of the CGA consultancy Jeanne-Marie Gescher, agreed that the time was ripe for foreign media groups to tap China's huge media market potential.

"China's media are now driven by investors who do not care how people cons

dieter
25-11-2005, 12:11 PM
I am looking forward to some press thst shows progress of actual installations and explanation of the business model in comparison to some hopefull pretenders----stay tuned

SSI at $3 will soon appear to be very cheap entry point

dieter
25-11-2005, 12:56 PM
heres, a copy of what is to be said in todays meeting (AGM)

"25 November 2005
Chairman’s Address
2005 Annual General Meeting
As the 2005 year draws to a close, we have strong expectations for 2006 and beyond for
GoConnect based on recent developments.
Just last week, we launched GoTrek IPTV in India via our marketing partner, The Times
of India group (“TOI”), the largest media group in India. The Indian IPTV subscription
service has been under preparation for close to a year with GoConnect and TOI
establishing a close working relationship during that time. Our IPTV service is branded
as Bollywood Zone TV and is being promoted initially on the Internet via
http://broadband.indiatimes.com/. There is much more to be done and to be gained by the
two companies to establish this service for the Indian market but with the immediate
prospect of tapping into a substantial Internet population in India together with the largest
media group of the country, we are optimistic that our hard work and persistence will pay
off.
As of March 2005, there are 39.2 million Internet users in India, only a 3.6% penetration
of her population. However the growth in Internet usage has been 684.0% between 2000
and 2005. In terms of the share of estimated total Asian online population, India (13%) is
third largest after China (31%) and Japan (22%). GoConnect is well-timed with its
GoTrek IPTV entry into the Indian market, particularly with over 99.5% of India’s
Internet users still using narrowband connection. GoConnect has the unique advantage to
establish its IPTV position in the Indian market at present with the ability of GoTrek
IPTV to deliver the broadband TV experience to a predominantly narrowband audience.
In a second major development, through the support of our parent company, Sino
Strategic International Ltd (“SSI”), GoConnect is capitalising on the value of its
technologies and technical capability within the vast market of the People’s Republic of
China (“PRC”).
In close cooperation with the SSI team in Shanghai, GoConnect’s R&D team is now
seeking to deliver online and mobile gaming platforms to the Chinese market. We expect
these platforms to be available and operational by the end of the March quarter 2006.
With the Chinese domestic Internet user base of over 100 million and growing, and the
mobile phone user base of close to 400 million, it is hard not to be optimistic on the
potential financial reward from the delivery of gaming on these platforms. It is the
combination of SSI’s vision and Chinese connections, underpinned by the GoConnect
technologies, that makes the SSI-GoConnect group uniquely positioned to benefit from
the technological developments sought by this powerhouse economy.
We can be proud that GoConnect, with a market capitalisation of less than A$50 million
on the ASX, has managed to secure its important position in the two largest markets of
the world, India and China. Markets which often take companies much larger than
GoConnect, many more years to establish. Our technological capability, persistence, and
strong management focus have led us to where we are today.
While much resource is devoted to establishing our position in India and the PRC, we
have continued to devote resources to further develop our existing technologies. One of
the fastest growing and most valuable applications on the Internet is Voice Over Internet
Protocol (“VOIP”). The recent acquisition of Skype VOIP by eBay, valuing Skype
initially at US$2.6 billion for its 54 million registered members in 225 countries and
territories, is a strong signal to the world that the telecommunication industry evolution
has taken an important turning point. Those incumbent telecommunication providers who
are complacent and content to ignore this development will be doing so at their own peril
as the telecommunication business model undergoes radical change in the period ahead.
GoConnect foresaw the arrival of this technological revolution in early 2004 and
established a partnership with Australia’s own emergi

dieter
25-11-2005, 05:46 PM
Chairman’s Address for the 2005 AGM – 25 November 2005
Ladies and Gentlemen
I am pleased to be chairing my first Sino Strategic International (“SSI”) AGM today.
Shareholders have witnessed a transformation of SSI in the past 6 months. Due to this
transformation, our share price experienced the best performance on the ASX in the
year to June 30 2005, having gone up by 1,378%.
SSI is currently pre-positioning itself in the marketplace so that, in the near future, it
will be able to take advantage of a number of new opportunities as they arise. We have
already commenced the establishment of a retail franchise gaming distribution
network along similar line to the gaming business model successfully used in
Australia.
New technology is changing the gaming industry internationally. It is therefore
important that, in addition to the retail network, we will established a number of
additional distribution channels as they become available, including mobile phones,
the Internet, cable television, and digital TV. These additional distribution channels
will allow us to reach up to 500 million prospective customers in the People’s
Republic of China (“PRC”) very cost efficiently and profitably. The feasibility studies,
and in some cases trial, for each of these additional distribution channels, is well
advanced and we intend to make further announcements in the coming months as we
advance to the implementation phase.
SSI has positioned itself to become the largest corporate player in the welfare gaming
industry of the PRC. The PRC gaming industry is in the emerging phase. However, it
is already a significant industry with lottery sales revenue alone of over US$5 billion
estimated for 2005. Keno has been introduced into the Chinese market, starting with
Beijing and Shanghai since September this year. By 2008, we estimate that total
gaming expenditure in China will exceed US$50 billion, ranking it amongst one of the
largest gaming markets in the world, and will be almost 10 times bigger than that of
the current Las Vegas Strip or Macau revenue. It is and will increasingly be a gaming
market that corporate and institutional investors cannot ignore. By 2008, SSI targets
to capture at least 25% of the national gaming market in China.
It is in this very exciting market that SSI has secured its first mover advantage. SSI
has secured a substantial share of the gaming distribution permits in Keno and Lotto
in the city of Shanghai, a city with a population bigger than Australia. SSI is already
working on a number of strategies to expand our gaming business nationwide. Our
nationwide expansion will include securing gaming POSs in a number of provinces
outside of Shanghai. Both SSI and its subsidiary GoConnect Ltd (“GCN”) are working
closely and seeking to establish online and mobile gaming in the PRC.
F:\ACCOUNTS\SSIL\ASX ANNOUNCEMENTS\AGM RELATED\2005\SSI CHAIRMANS SPEECH FOR AGM (251105) 2.DOC
SSI has a very busy business agenda over the next 12 months both here in Australia
and in China. SSI already has an office in Melbourne for many years. It now also has
offices in Hong Kong and Shanghai from where we conduct our Chinese business.
Our Shanghai office already has over 20 staff responsible for establishing our gaming
business. By the next AGM, I believe our nationwide expansion program will become
visible and you will see a well-defined strategy for SSI to become the biggest gaming
company in China. I thank you for your attendance today.
Teddy Cheng
25 November 2005

dieter
27-11-2005, 08:23 AM
Asia: The golden jackpot
Gambling is big business in the region, and the number of venues is about to
jump. Australian companies are queuing for a piece of the action.
BY JAMES THOMSON AND NICHOLAS WAY
BRW. 24 November 2005
Today it is Macau, China and Singapore. Tomorrow it could be
Thailand, Taiwan, Japan, the Philippines, Korea or even India. Asia
is on the cusp of a huge gaming boom - the amount spent on
gambling in the region is estimated to increase from $US13 billion
in 2004 to $US24 billion in 2006 - and Australian companies are
well-placed to tap these lucrative markets.
Although Kerry Packer's decision to invest more than $200 million,,,,,

the full article can be seen at
http://users.tpg.com.au/joesmith/brw.pdf

dieter
29-11-2005, 12:33 PM
When it comes to Sports betting this will be most important

[u]Lucky Channel to deliver substantial audience to GoTrek Internet TV and m-Vision mobile video platforms in China </u>
Company Announcement Platform - Australian Stock Exchange
The directors of GoConnect Ltd (“GCN”) are pleased to advise that GoTrek Pty Ltd (“GTP”), a wholly owned subsidiary of GCN, has entered into a technology licensing agreement with Horizon Investment Group Ltd (“Horizon”) for the licensing of the GoTrek Internet TV and m-Vision mobile video delivery platforms to Horizon for the People’s Republic of China (“PRC”).

Horizon is the ultimate controlling shareholder of China Entertainment Holdings Ltd, a company that will be acquired by Sino Securities International Ltd (“SSI”), the parent company to GCN, subject to shareholders’ approval.

The Lucky Channel will be broadcast nationally within the PRC over analogue TV via satellite, digital TV via cable, Internet TV via GoTrek, and mobile TV via m- Vision. The Lucky Channel has the exclusive right to deliver lottery and keno results, interactive game shows, and sports content nationally. Delivering the Lucky Channel over the four platforms of analogue, digital, Internet, and mobile will substantially increase the audience reach of the channel and provide unique cross selling opportunities for all four platforms, as well as for their advertisers and commercial sponsors. The Lucky Channel is targeted to be launched before year-end 2005, with an estimated audience reach on all four platforms of in excess of 100 million people within the PRC.

The agreement between Horizon and GTP is based on revenue sharing. Revenue for the Lucky Channel will be derived from game show interactive mobile call and SMS charges, and sponsorship sales. Negotiations are under way to secure interactive game show content internationally to complement local Chinese production for the Lucky Channel. The Lucky Channel is expected to have strong appeal to local as well as international branded advertisers in view of its expected large interactive audience reach within the PRC and the right to deliver sports content with the lead up to the Olympic Games in Beijing in 2008.

dieter
30-11-2005, 04:40 PM
this is a clip from todays newspapers

http://users.tpg.com.au/joesmith/SSIarticle1.jpg

steve fleming
01-12-2005, 02:36 PM
Hi Dieter,

Have enjoyed your posts and interesting bits and pieces you have posted in relation to SSI and GCN

Have to admit, the temptation to take some profit was too much and I have sold down most of my SSI holdings…. After buying in at between 16 –27 cents, I sold down in various tranches between $1.00 and $3.75, so pretty damn happy with that!!!


The rationale for selling down was that the market, in re-rating SSI from 16 cents to $3 - $4 has now fully priced in a lot of the growth that they expect SSI to deliver….until SSI/ China Entertainment starts producing some revenue/profit to support / exceed these expectations then I can’t see too much short term movement ….SSI has gone from a Market cap of $3million to nearly $200 million, therefore I would be expecting to see them delivering net profit of at least $10 million + in the short/medium term to underpin such a market cap…..as soon as there is evidence of such revenues/profit being likely to be achieved I’ll be keen to jump back in……

The other thing, I noted from Horwaths I.A.R. in respect of the China Entertainment transaction, values SSI after the transaction at between $1.36 and $1.39, now I know this is based on all sorts of likely/unlikely assumptions, but Horwaths are a firm I respect for their valuations, so that perhaps also affected my confidence a bit……


However I see that Contango MicroCap Investment’s have bought a stake in SSI so it is a good sign that local investors are supporting the company, and not only just Asian money…..

Anyway, I look forward to reading your postings and will continue to follow SSI closely…

tommy
01-12-2005, 04:03 PM
Hi steve and dieter,

Congrats to both of you, SSI was definitely a winner... I'm kicking myself for underestimating its potential in the early days! Anyway, keep up the good work and please share your tips if there are more stocks like this![:I]

dieter
04-12-2005, 10:30 AM
Deutsche Bank has cited the Peking University Center for Lottery Research as valuing illegal gambling activities in China - including underground casinos, slot machines, black market sports betting, and illicit lotteries - at around $75 billion. State lotteries are supposed to hand a proportion of their profits to charity and to sports development bodies, but corruption is said to be rife.

dieter
05-12-2005, 09:43 PM
Back of the envelope stuff here.....for Steve and others that may have sold a little early without much guidance to the potential of China

How much is the Lucky Channel worth? If you assume sports betting will account for at least US$20 bil of the US$50 bil estimated by 2008, actually Deutsche Bank thinks illegal betting is already US$100 bil now! I think on the basis that an agent gets 6% of the US$20 bil, the Lucky Channel owner should get at least 2% out of the 6%, leaving the agents with 4%. This is the reason why owning the media infrastructure is so important. US$200 mil per annum. It will take Sino nationwide straight away. I expect by 2008, the Lucky Channel will reach over 500 mil people. There are 2 ways to value the Channel, by say US$50 to 100 per head so that the valuation will be US$25 to 50 bil, or by earning capitalisation, say 2% of the US$20 bil sports betting revenue while all costs will be covered by other revenue including advertising. US$200 mil p.a. discounted by 10% you get US$2 bil in present value. Then the question is how much SSI will own, if you assume majority ownership, then you can calculate the value per share. Each US$1 bil will be worth $21.45 per SSI share.

If you use the Australian market as a guide, the combined market cap of Seven, Ten and assuming similar market cap for Nine, then you have say $5 bil for 20 mil people or A$250 per head. If you add value for ABC, SBS and Foxtel, you will substantially increase the total vlaue of all networks servicing 20 mil people. Hence my US$ 50 to 100 per head is reasonable for the Chinese market. But give me 1/10 of that I would still be happy. That will still value the Lucky Channel at US$ 2.5 to 5 bil for the target audience.

The above is just a way to work out the Lucky Channel value.

I have not includes purposely SSI/GCN Keno/Lottery and Mobile gaming.....probably that much again!!

steve fleming
06-12-2005, 11:12 AM
Hi Dieter,

…...are you able to clarify the ownership of the ‘lucky channel’….as I understand it, and I may be quite wrong, the ‘lucky channel’ is not owned by SSI/GCN….instead I thought it was owned by Horizon Investment Group Ltd (“Horizon”), the previous controlling shareholder of China Entertainment Holdings…I thought that GCN had licensed the GoTrek Internet TV and m-Vision to Horizon to the Lucky Channel…did SSI purchase Horizon’s interest in Lucky as well as part of the CEH transaction???….i am unsure as the information released to the market is a bit confusing..…


anyway, notwithstanding the above, these numbers that you detail may very well eventuate….it will be fantastic if they do…and SSI is certainly positioning itself exceedingly well to become the preeminent player in the gaming industry in China..….

However the BMI (Hong Kong) valuation of China Entertainment Holdings….based on information provided by the directors themselves…..is as follows::

“ The directors of CEH have prepared forecasts and projections of after tax cash flows for the 4-yearperiod to 31 December 2009 (inclusive) together with the underlying assumptions relating to the forecasts. These cash flow forecasts and projections, which have formed the basis of BMI’s valuation have been prepared by CEH management and were provided to BMI for their reference. BMI’s valuation is based on BMI’s own reduced adjusted cash flow forecasts and projections which they have made to the forecasts supplied by CEH.

Set out below are the key assumptions underlying the future cash flows:
_ Shanghai Kelo, a subsidiary of CEH has been granted rights by SWLC to act as agent for
retail sales outlets covering 500 lottery ticket and keno sales outlets;
_ The sales commission on keno and lottery revenue is assumed to be 6.5 percent and 6.0
percent respectively. This is in accordance with the agreement with SWLC;
_ Growth rates have been factored in accordance with the economic growth rates in Shanghai;
_ Payment to point of sales partners i.e. the sales outlets where the keno and lottery machines
will be installed has been assumed to be 20 percent of the commission earned from SWLC.
No rent is to be paid to these sales outlets;
_ In accordance with the agreement with SWLC, all computer equipment will be provided by
SWLC. However, Shanghai Kelo is required to pay a deposit of RMB 100,000 per point of
sales installed which is refundable should the licence not be renewed at the end of its term;
_ Operating and personnel expenses are to increase by approximately 12 percent per annum
over the 4 year period to 31 December 2009; and
_ A local corporate tax rate of 30 percent has been assumed. China has a double taxation
treaty with Australia;


Based on the above, BMI has arrived at an equity value of $71 million.

For the purposes pf arriving at the equity value of $71 million BMI has relied on the information
provided by CEH’s management which in turn has been subject to analysis and review by BMI. BMI discounted the CEH management’s forecasts to levels to which BMI believed to be appropriate in the circumstances. “


Given I have already made 1000% + profit,… and that CEH has no real past trading history to substantiate any analysis, I am happy to sit back on the sidelines and wait to see whether the future numbers released to the market next year by SSI are in accordance with:
either (1) the numbers projected by BMI/the directors
or (2) with your interpretation detailed in your post above

….if they support the BMI numbers then I see short term growth as being already factored into the current SSI market cap……if however they appear to support what you have detailed, then growth is likely to be massive ….and I’ll jump straight back in….

dieter
06-12-2005, 12:46 PM
Steve,let me explain Its very simple. A company and its management are dynamic.

If the company is well managed, its business will not stand still.

What was reported in the BMI report is already historical and SSI has since been talking about nationwide expansion other than the Shanghai business. The Horwath valuation was based largely on the historical share prices of SSI to arrive at their valuation. SSI's historical share prices have no relationship with what the company has been doing since mid-May.

Yes, the earlier announcement refers to Horizon being the licensee of the GCN technologies for distributing the Lucky Channel, but did not mention who the owner of the Channel was.

But the latest Sino Chairman's address from Teddy Cheng on 25 November 2005 refers to "We will establish a number of additional distribution channels as they become available, including mobile phones, the Internet, cable television, and digital TV. These additional distribution channels will allow us to reach up to 500 million prospective customers...." He was referring to these channels including cable television and digital TV and so it is obvious he was referring to the Lucky Channel here as to its various distribution platforms.

He also said "We" and "us" in the context of Sino, so one can assume that he is talking about Sino in reference to the Lucky Channel. I think Teddy Cheng almost gave the game away as to Sino owning the Lucky Channel. If that is the case, it is important to understand what value the Lucky Channel will bring to Sino. Teddy Cheng is the controller of SSI so I assume he will continue to add value to SSI by acquiring valuable assets for SSI.

Time will tell but it looks like a WIN WIN for all SSI shareholders. It sure does pay to attend AGM's

steve fleming
06-12-2005, 02:14 PM
Hi Dieter,
The BMI valuation was dated August 2005, so its not that historical, and was based on the Director’s own best estimates and assumptions at the time….…..i have performed hundreds of similar valuations and sure, the company and industry is always dynamic, but you generally have to rely on the directors intimate company/industry knowledge, and accept their best estimate forward projections and assumptions ( ensuring a degree of reasonableness) as being the most appropriate as the basis of any DCF valuation….

…..anyway there is a very long way to go from the Directors/BMI estimates which lead to a valuation of $71 million as at Aug 2005, to the US$ 2.5 to $5 billion that you refer to…..all I’m saying, and I’ve said this concerning a number of stocks on this site…is I’ll be more inclined to believe the story/have more confidence in the hype when I see some revenue/profit being reported……it may be conservative, but I have found such a method generally works for me…

The Horwath valuation incorporated the BMI valuation plus SSI’s GCN holding to determine the SSI valuation…don’t think it used Ssi’s past share price as a basis for its valuations….

Don’t you think that if SSI owned a TV channel ( potentially worth US$ 2.5 to $5 billion ) it would have said so? But nowhere in any of the releases has it been mentioned…. Using TV/ internet/ mobiles as a distribution channel to distribute gaming products is different from owning the actual asset…...Teddy Cheng/ Horizon/Best wining may sell Lucky to SSI sometime in the future I guess….

dieter
06-12-2005, 03:35 PM
A logical conclusion,.dont you think!!

"Teddy Cheng/ Horizon/Best wining may sell Lucky to SSI sometime in the future I guess…. "

dieter
07-12-2005, 03:15 PM
SSI sale of $3.30 looks solid rise and trending higher on good volume.......something up.....the Lucky business could set both SSI and GCN to new highs.....Lucky channel is to become the SKY TV of Oz but a population of 500mil listeners....WOW!!

dieter
07-12-2005, 05:34 PM
todays close 0f $3.45 was a impressive chart breakout as shown below
http://users.tpg.com.au/joesmith/SSIgraph.jpg

dieter
10-12-2005, 10:30 PM
For as long as I have known Mark Faber since the 80s, he has always cursed the US Dollar and recommended gold as the alternative to the US Dollar. I note that in recent months gold has indeed rallied in US Dollar terms while the Yen and Euro have declined against the USD. However, one currency Faber has not mentioned but which has gone up against the USD is the Chinese RMB. In the past weeks, the G7 have made so much noise of the need for the RMB to move up against the USD. Yet China's attitude has been, they can all wait and she will do it in her own good time. I don't think there is any other currency in the world today, other than the RMB, that so many want it to go up but then they practically hold none. You would imagine that if so many want a currency to go up, they must hold lots of it so that they can make money out of it. The irony is that so many want the RMB to go up so that their own currencies can go down against the RMB, all in the name of international trade competitiveness. So much for positive thinking.

The RMB is not an internationally traded currency. Not yet anyway, and you can assume based on simple supply and demand principle, once foreigners are able to buy the RMB freely, it can only go up as foreign holding of RMB will start from zero position going upward.

As China spends her near US$800 billion in forex reserves and the citizens spend their savings and reduce their savings ratio from the current 50%+, China will go through a consumer boom like you have never witnessed before.
There are already many luxury cars on the Chinese roads, many branded handbags being paraded together with the genuine fake ones, who knows where the boom will take us. China will continue her near 10% GDP growth for the foreseeable future and in the same time frame, we all know the RMB can only go up against all G7 currencies.

It is therefore most important for Sino Strategic International(SSI) to invest in the currency that has the strongest potential for appreciation, namely the RMB. SSI does it by securing the first mover advantage and an important share of the Chinese gambling dollar as the country converts the illegal gaming dollar to the legallised one by establishing a legal gaming industry. 'Covert' is the key word as even though this is a relatively new legal industry, the demand and turnover has always been there. Deutsche Bank estimates up to US$100 bil in illegal gambling dollar versus the current
US$5 billion in leglised gaming revenue (lottery revenue only)in the country. Hence it is not a matter of a new industry needing to establish and grow the demand. The revenue is all there to convert from illegal to legal revenue. The sure bet is, as the consumer boom develops, China's gaming industry can only benefit even further. Participants in the Chinese gaming industry, like SSI, will benefit from the illegal to legal revenue conversion process and reap their early mover advantages. These participants will therefore become some of the closest RMB proxy plays for foreign investors.

dieter
13-12-2005, 02:01 AM
[u]SSI income will benefit from this....</u>

"Officials issue warning on yuan
By Tim Colebatch, Kuala Lumpur
December 12, 2005


CHINA'S currency is undervalued by 15-30 per cent, and it continues to closely track the US dollar despite the Chinese Government officially ending its peg to the dollar, an analysis by Australian Treasury officials has concluded."

dieter
14-12-2005, 11:54 AM
With SSI sales at $3.95 we are not far from the top of $4.20. This should be broken when I expect to see a strategy in place that gives gameing access to the WHOLE OF CHINA....
IMHO $5.00+ by xmas

dieter
14-12-2005, 03:39 PM
Chart update

http://users.tpg.com.au/joesmith/SSIgraph.jpg

steve fleming
16-12-2005, 10:36 AM
quote:Originally posted by dieter


IMHO $5.00+ by xmas


Good call Dieter...looks like it will get pretty close.

Would make a 3000% + return from this time last year!!

dieter
19-12-2005, 10:43 AM
[u]Hereis a nice Xmas bonus</u>19 December 2005
Australian Stock Exchange
Company Announcements Platform

Dear Sir/Madam
Re: China Entertainment Holdings’ gaming and entertainment nationwide
expansion in China

The directors of Sino Strategic International Ltd (“SSI”) are pleased to advise that SSI
has made substantial progress in its business plan for nationwide expansion of the
Company’s welfare gaming and entertainment business in the People’s Republic of
China (“PRC”).
China Entertainment Holdings Ltd (“CEH”), a wholly owned subsidiary of SSI, has
entered into a sponsoring agreement (“Agreement”) with Endless Idea Management Ltd
(“Endless Idea”) to finance the establishment of and on-going productions of the
cooperative joint venture (“JV”) between Endless Idea and Shanghai VSAT Network
Systems Co. Ltd (“Shanghai VSAT”) in return for revenue share with Endless Idea. The
formation of the JV is subject to the approval by appropriate authorities in Beijing based
on their assessment of the professional and financial qualification of Endless Idea.
This JV will lead to the establishment of the first specialized gaming content production
house (“Production House”) in the PRC. The Production House will be a national
gaming content provider for traditional and digital channels in the PRC. These channels
are expected to have a combined audience reach of over five hundred million people.
The Agreement provides CEH with a number of national access platforms to the Chinese
market on a timely basis, on top of the traditional Points of Sale being developed. These
national platforms include IPTV, satellite TV, digital pay TV, free to air TV, mobile TV
and, Digital Multimedia Broadcasting (“DMB”). It is expected that the Production House
will establish strategic alliances with a number of major channel partners in operating
each of these platforms.
Endless Idea is a Hong Kong entertainment marketing company and content provider for
various broadcast media, (including content for TV, stage and video production). Mr.
Philip Chan, managing director and founder of Endless Idea, is the former CEO of Metro
Broadcast Limited, a major commercial radio broadcaster in Hong Kong. He was also the
General Manager of Capital Artist Limited, an artist and event management company,
and founding director of the Hong Kong listed entertainment company, Star East Group.


Shanghai VSAT is the official gaming information service provider and out-sourced
data centre of Shanghai Welfare Lottery Issuing Centre. Shanghai VSAT has secured
for the Production House the first channel partner, Chinavnet, an Internet portal
owned by China Telecom. Shanghai VSAT will act as the exclusive gaming service
provider to Chinavnet through the development of a dedicated gaming program “Sky
Long Cai” and an Internet gaming portal, www.skylc.com. The program will be
produced by the Production House and delivered to Chinavnet subscribers via China
Telecom’s Internet network. It is expected that, over time, www.skylc.com will be
highly popular amongst the PRC’s 100 million plus Internet users while GoConnect
Ltd’s GoTrek IPTV technology would also contribute to the development of a high
quality narrowband IPTV market in China. Users of Chinavnet will soon be able to
watch gaming content as well as purchase lotto games initially, and eventually also
Keno games, via the www.skylc.com site. Shanghai China Telecom, a branch of
China Telecom and a shareholder of Shanghai VSAT, will begin to sell and distribute
prepaid betting cards, under a joint brand name between China Telecom and Sky Long
Cai, via its Shanghai retail network in early 2006. Customers in cities other than
Shanghai will also be able to use China Telecom prepaid phone cards distributed in
these cities to subscribe to online betting services on www.skylc.com. Keno and
lottery prizes can be collected from any of China Telecom’s retail stores throughout
China. CEH, via Endless Idea, w

dieter
19-12-2005, 08:36 PM
And trhis is what it mmeans!!!!

Essentially this is a cooperation between China Entertainment Holdings which is 100% owned by SSI, China Telecom, and Shanghai VSAT for the marketing and distribution of the Shanghai Keno and lotto nationwide through the retail network of China Telecom and www.skylc.com. All 3 parties will share in the 6% agency fee in the selling of Keno and lotto games. Considering that the the estimated illegal gaming market is over US$75 billion, while the legal sale nationally of lotto is about US$5 billion this year, once the legal national distribution system is established, it is not difficult to envisage that sales through this network established under this cooperation with the support of China Telecom, could exceeed US$10 billion in two to three years.

This announcement heralds the first of Sino's national gaming distribution platform in China. A number of significant additional national platforms are in the pipeline and will be announced in the coming months.
IMHO This should be woth $20/share to SSI (within 2 years)..

We have seen a 10 bagger so far ....IMHO if all works we see it again..

steve fleming
19-12-2005, 09:17 PM
quote:Originally posted by dieter


This announcement heralds the first of Sino's national gaming distribution platform in China. A number of significant additional national platforms are in the pipeline and will be announced in the coming months.
IMHO This should be woth $20/share to SSI (within 2 years)..

We have seen a 10 bagger so far ....IMHO if all works we see it again..


Dieter, i agree that the potential is absolutely massive....however it would be nice if SSI could include some sort of revenue forecasts with their releases...at the moment, as i see it, any analysis at the moment is based very much on guesswork...

dieter
22-12-2005, 11:02 PM
Some mothers do have em!!

Todays selloff was very stupid and shortsighted.

As usual, traders cannot help themselves when the price spiked, then found that with a tightly held stock, it is difficult to trade and then just wanted to get out. They then create their own price depression and then wondered quite incorrectly if the deal just announced was of any value.

If they think for a moment without the trading emotions, that really with over
US$75 bil p.a. of illegal gambling spend already in the Chinese system, converting even US$10 bil of that into legal online gaming is not a hard ask particularly with the retail and online network infrastructure of the massive China Telecom behind it, then multiply that by say over 1% for SSI's entitlement of agency commission, that will bring in over US$100 mil p.a..
Discount that US$100 mil by 10% to present value will get you over US$1 bil in present value or over A$20 a share. Clear the mind and see the value for what it is or some clever gaming analyst will see this better and take advantage of the current prices. Forget the noise in between.

Now that is called smart investing.

Merry Christmas to you while you do your Christmas shopping for SSI stocks.

dieter
22-12-2005, 11:33 PM
Deals with China Telecom can only help--todays press

"China Telecom to focus on broadband
China Telecom, the largest fixed line service provider in China, has announced plans to shift its business focus onto broadband value added services (VAS). The telco is looking to capitalise on the broadband VAS market, particularly for internet browsing, voice services, ringtone downloads and IP-TV. The company says that while it has more than 20 million broadband users, revenues from VAS only account for 23% of its total turnover, a figure it hopes to increase to 35% before 2007.

dieter
25-12-2005, 09:55 AM
Merry Xmas

"as top market for Internet TV

A survey conducted by Siemens has revealed that there are about 360 million TV viewers and 25 million broadband users in mainland China, creating a huge potential for development of Internet Protocol Television (IPTV) services.

The China Daily reports that following the survey, Siemens has announced its intention to tap into the IPTV business in the Chinese market.

Siemens senior executives announced that the German company would develop and localise its IPTV technology and services to meet the needs of local customers.

They were speaking at a live demonstration of IPTV services held in Shanghai.

IPTV services in Shanghai offer customers video on demand, live TV services, network-based personal recorder, time shifted TV, Internet surfing, online gaming and information via TV.

At the same time, IPTV also offers network operators opportunities to compensate for declining income from conventional telephony business.

Market researchers predict that IPTV usage will soar, especially in China in connection with the Beijing 2008 Olympic Games. "

dieter
06-01-2006, 12:10 PM
Focus Money --Germany largest selling tip sheet has noted SSI as one of the top ten preforming stocks worldwide,and expects it to continue.

the article is here,unfortunatly in German and a translation will follow

http://users.tpg.com.au/joesmith/ssigdr.jpg

dieter
06-01-2006, 11:34 PM
Here is my English translation....

"“The new Chairman of the Australian finance and technology company Sino Strategic nternational’s (SSI), Teddy Cheng is aiming for a 25% national market share of China’s gaming market by 2008.

The Company currently holds 75% of the keno and lottery permits issued in Shanghai.

In 3 years SSI’s exposure to the Chinese gaming market will generate a US$50m earnings including Sportsbetting.

SSI will also have an interest in an online gaming portal that uses their own technology. SSI shares a 6% handling fee of sales, which could generate $4.00 per share to the Company by 2008.

If Management only achieves one quarter of what they want to achieve, the price of the speculative Sino shares will increase further.

A plan to work together with China Telecom could bring Cheng closer to his goal.”

dieter
07-01-2006, 07:44 AM
Lottery changes
2006-01-07 Beijing Time
Lottery players will be able to watch the welfare lottery draw live starting this month.

Individuals first have to register at the Shanghai Lottery Center. Registrations can be made by calling 6472-9999. Meanwhile, the "Oriental Lottery" will no longer be broadcast on television. Details of the lottery draw will be shown in text forms during the evening news on the Shanghai Oriental Television.

dieter
10-01-2006, 11:21 PM
SSI st E2.55=AUD$4.10 in Germany,it would appear that the article in Focus Money has hit the spot..ot there is more corporate moves ...or more deals on the way

SSI should bounce from 3.80 Wednesday

dieter
12-01-2006, 01:03 AM
you can check the Germany market for SSI at
http://www.boerse-online.de/tools/boerse/einzelkurs_kurse.htm?s=919582&b=9&l=276&PHPSESSID=25fb6a945d3af36c398dfcea08ef6180

dieter
18-01-2006, 10:03 PM
Tabcorp could loose out in CHINA


Please note the following.
It is interesting that China Lotsynergy's broker, Deutsche Bank, now claims that Tabcorp may be missing out on the Chinese keno partnership. Having lent its credibility in the equity market to China Lotsynergy, Tabcorp may end up not having much to do in China. The plot thickens. China Lotsynergy is raising another HK$600 mil as of last night by placement. If successful, its market cap is now over A$1.2 bil. Yet they have NO PERMITS TO OPERATE,just one of mant equipement suppliers that earn less than 1% whilist SSI earn 7% with its granted permits and no equipement costs (Govt Supplied) and now operating.

DB says
"CLS investment in Octavian
China LotSynergy (8161.HK, Buy, HK$3.15), Tabcorp's Chinese Keno JV partner, has agreed to acquire a 90% interest in Octavian, a UK gaming technology company, for US$26m. This will be comprised of US$2m in cash and 60m CLS shares @ HK$3.15/share, which is equivalent to 5% of issued capital. CLS remains in a trading halt pending the release of an additional announcement.

Octavian
Octavian is an international provider of networked gaming systems and software solutions. Headquartered in the UK, Octavian operates offices and technical centres in Argentina, Colombia, India, Italy, Russia and Spain, and it provides products and a range of professional services.
The product portfolio includes casino, arcade and AWP games, server-based downloadable games systems, lottery systems and slot machine management systems. The company also has video lottery terminal
(VLT) technology and game content.

The future
While the acquisition will expand the company's lottery operations, DB's CLS analyst (Karen Tang) believes that the acquisition will also assist the company in its endeavour to win the contract to roll-out VLTs in China. Consequently, CLS may no longer require Tabcorp's assistance in this VLT project and/or its participation may be significantly reduced.

dieter
31-01-2006, 11:36 PM
Welfare lottery just the ticket for charities
By Sun Xiaohua (China Daily)
Updated: 2006-01-28 06:19



For an individual, a small lottery ticket might bring good luck. For a country, millions of lottery tickets mean vital support to social welfare development.

In the next five years, China's welfare lottery is expected to play a bigger role in pooling money for charitable causes.

According to China Welfare Lottery Issuing Centre, in the 11th Five-Year Plan period (2006-10), lottery sales will hit at least 250 billion yuan (US$31 billion), maintaining an annual increase of 10 per cent.

As 35 per cent of ticket sales go to charitable causes in line with regulations, more than 87.5 billion yuan (US$11 billion) will be contributed to helping groups in need.

This goal doubles the achievements of the past five years. During the period of the 10th Five-Year Plan period (2001-05), China in total issued 114.5 billion yuan (US$14 billion) of welfare lottery proceeds, among which 40 billion yuan (US$5 billion) went to the country's charities, mainly the Starlight Project and Tomorrow Project, run by the Ministry of Civil Affairs.

According to the Starlight Project, which cares for elderly Chinese, more than 32,000 community welfare service centres for seniors have been established using lottery money.

The Tomorrow Project has supported more than 13,000 disabled children in undergoing operations.

"With the development of online lottery sales, the cost of lottery issuing has been reduced from 20 per cent to 15 per cent of the total sales," said He Yi, director of the Information Office of the China Welfare Lottery Issuing Centre. The remaining 50 per cent is used as prize money.

"Annual sales witnessed a growth of 40 per cent from 8.7 billion (US$1.1 billion) in 2000 to 41.1 billion (US$5.1 billion) in 2005," He said. "That indicates that the welfare lottery enjoys high regard among the public."

The establishment of a credit system has been the key step to cultivating the competitiveness of the welfare lottery, according to He.

dieter
13-02-2006, 08:35 PM
Broker has released "BUY RECOMMENDATION"

They say
"Breaking in to the Chinese gambling market

Investment Highlights
SSI has secured 750 keno and lotto sales agency permits in Shanghai that provides the base for a potentially substantial gambling business to be created in China.
The Chinese Government is believed to be reviewing gambling restrictions on gaming machines and sports betting . SSI is pre-positioning itself to participate in any relaxation of these gambling restrictions
SSI is a high-risk investment since it relies on permit renewals or new licences for its existence. If the “connections” can deliver on these new licences then the outlook could be very exciting hence the Speculative Buy recommendation.
If you want a copy of the 9 pager email me

mcharman1
13-02-2006, 08:58 PM
Dieter

|Hi, could you please e-mail me the 9 pager on ssi, as I would be very interested to read it.

Regards

Mark V Charman
mcharman@emirates.net.ae

Winnie Burgers
23-02-2006, 03:43 PM
Attention: Richard Li
How about releasing an exciting, 'extremly price sensitive' announcement concerning GCN??
:)

My GCN investment is -44% !! [B)]

dieter
24-02-2006, 10:24 AM
Another group sees potential in China.

"Hilton outlines future gamble on China
By Rhys Blakely



Hilton Group today outlined its future as a pure-play gambling business and plans to place a heavy emphasis on China after the £3.3 billion sale of its hotels division to America's Hilton Hotels Corporation, which completed today.



The London-listed company, which after the hotels sale is to take the name of its betting division, Ladbrokes, revealed that it acted as an adviser to the first group of Chinese betting shops to offer customers the chance to bet on individual football matches.

The news came as Hilton Group announced a 10 per cent rise in pre-tax full-year profits to £414 million and confirmed it would return up to £4.2 billion to shareholders after selling its hotels portfolio.

Ladbrokes said senior members of its management team had been stationed in Beijing to advise China Sport Lottery (Beijing) Sales and Marketing Co (CSLSM), the organisation with responsibility for sales, marketing and operational aspects of a new chain of sports pools betting shops which will use the "Happy Pool" brand.

The China Sports Lottery is expected to be worth around $4 billion this year, Ladbrokes said.

Ladbrokes’ chief executive, Christopher Bell, indicated that the current consultancy agreement would be followed by others.


"There will be two to four more (deals announced) in the next coming months in Asia and Europe," he said.

He also outlined plans to expand overseas through internet gambling.

"E-gaming has been central to our strategy for a number of years and will remain so. We are in 200 countries already... we see it as a great opportunity," he said.

In the United States, where political pressure has cast a shadow over the future of online gambling, Mr Bell said he intends to review the position in the early parts of this year.

He also predicted the football World Cup this year could be the "biggest betting event ever" and said Ladbrokes hopes to make more than the £6 million it earned during the last World Cup, which he dismissed as disappointing.

dieter
24-02-2006, 10:55 PM
HK broker commences coverage

"Company Visit: Sino Securities Int’l – An Alternative Mainland Lottery Play

1. We have met with management of Sino Strategic International (SSI AU) yesterday. The Australia listed company is involved in the lucrative lottery industry in China through the provision of venue to house the Keno/Lotto machines.

2. Permits issued by the Shanghai China Welfare Lottery Issuance and Administration Centre have been secured so that they can operate up to 750 Keno and 750 Lotto centres (out of a total 1,000 for each) in Shanghai.

3. About 50 out of the existing 80 SSI’s outlets belongs to cooperative shops, while the rest are self-owned betting shops. 1% of the revenue (out of 7%) will be shared by the venue owner for cooperative shops, while SSI will bare RMB4,500 rental / staff cost for self-owned shops.

4. They are expanding the proportion of self-owned shops, so that the split among self-owned shops, cooperative shops and multifunction shops will become 75:5:20. Management expects the network to reach 1,000 shops by the end of 2006.

5. Based on RMB10,000 revenue per shop per day, we estimate total revenue to exceed RMB3bn a year. Subtracting RMB51m rental / staff cost and RMB1.5m shared by venue owners from a net revenue of RMB210m, the full year EBITDA should be RMB157.5m.

6. Investing in venue providers like SSI is an alternative way to participate in the highly profitable China lottery industry. It will be a boost to their share price, in case SSI manages to secure permits to operate shops in other cities, which is what they are working on. The success in Shanghai makes their fight for permits in other cities much easier.

7. Entry barrier is high, since only the local China Welfare Lottery Issuance and Administration Centre can issue permits for the outlets, while the number of outlets is fixed as well. However, the initial capital outlay will be high, RMB50,000 deposit will be required for each shop. (already done).

well done http://www.3vgroup.com/html/eng/index.php

dieter
03-03-2006, 01:02 AM
This release from Goconnect subsidary of SSI

"Official GoConnect Press Release – Thursday 2 March 2006
GoConnect delivers a World First with the launch of the new GoTrek incorporating IPTV
with VoIP and Instant Messaging
GoConnect Australia Pty Ltd (“GoConnect Australia”), a wholly owned subsidiary of GoConnect
Ltd (“GoConnect”) - www.goconnect.com.au , is pleased to announce that it has entered into an
Alliance Partnership Agreement in Australia with vPhone™ (trading name of Silogen Pty Ltd) and
Wholesale Communications Group Pty Ltd - www.wcg.net.au to empower GoConnect’s patented
IPTV platform GoTrek with VoIP (Voice over Internet Protocol) and Instant Messaging
capabilities.
The launch of the new GoTrek heralds a whole new seamless experience to the Internet world of
video infotainment with voice and instant text communications, all in the one platform.
GoTrek VoIP will also enable users to make ‘Off-Net’ phone calls (calls to traditional fixed-line
and mobile phone numbers any where in the world) at extremely competitive rates by establishing
a pre-paid account with GoConnect’s alliance partner vPhone™. vPhone™ will provide 1300
phone support of the VoIP feature set for users (in Australia) and enable the ‘Off-Net’ services to
the GoTrek VoIP application. vPhone™ will also supply a range of hardware (analogue telephone
adapters, handsets and other accessories) to enhance the user experience and streamline the
ability to make calls both ‘On-Net’ and ‘Off-Net’.
GoConnect first went live on GoTrek IPTV in early 2000 when narrowband Internet was the norm,
and well before IPTV was even regarded as a technically feasible media platform. Six years on
and now, with the increasing penetration of broadband connections, IPTV has finally become the
buzzword of the Internet media world. Again, with a vision for the future, GoConnect has been
investigating the possibility of incorporating VoIP capability seamlessly into the GoTrek IPTV
platform. This investigation led to the development and now the launch of the latest version of
GoTrek, providing video infotainment and communication in both voice and text to the Internet
user at the same time.
GoConnect believes, the ability to combine IPTV push video infotainment with Internet
communications in both voice and text is a world first. The Internet has witnessed the extremely
‘viral marketing’ nature of VoIP applications such as Skype™ and Firefly™, gathering millions of
users worldwide within the past two years. Launched in 2003, Skype™ was taken over by eBay
in September 2005 in an unprecedented US$4 billion deal. GoConnect believes the combined
IPTV and VoIP capabilities of the new GoTrek will be just as powerful in enabling GoConnect to
build a substantial user base and hence, derive significant commercial value for the company
over time. In particular, GoConnect will be working with its distribution partners in Australia, India
and China to accelerate the penetration of the new GoTrek into the Internet market.
2
Users of the new GoTrek will not only be able to receive and watch a large array of video content
in TV quality regardless of their individual connection speed (broadband or narrowband), but will
also be able to communicate for free with anyone anywhere in the world over the Internet in either
voice or instant text messages from their computers. The new GoTrek will be available for
download from www.gotrek.com.au.

dieter
08-03-2006, 07:20 PM
Well its been a few days since a posting,the price has varied 3.30 and has rallied today to 3.80 on fair volume....

I understand there has been many broker meetings and this stock is now finally being understood, the initial sites are working well and make available hard evidence on possible cash flow for the full rollout....

One broker has SSI as another "10 bagger from here"...... I shall post this in a few days....

dieter
09-03-2006, 11:40 AM
A updated corporate presentation is available on the link below (this is not the broker review referred to above)

http://users.tpg.com.au/joesmith/SSImarch.pdf

http://users.tpg.com.au/joesmith/outlets.jpg

dieter
09-03-2006, 11:16 PM
Found this on an obscure site ,but it is vero appropiate here....

"Just 72 hours from now you could have GAME-PLAN for investing in China.

Just 72 hours from now you could be buying a China Miracle stock that could double before April.

Just 72 hours from now you could be taking part in the greatest investment opportunity of our generation.

Because in just 72 hours, investors from all over the world will be settling down in front of their computers to discover how to profit from The China Miracle.

You need to be there. And this is your last chance."

dieter
10-03-2006, 01:21 PM
http://users.tpg.com.au/joesmith/focus.jpg
The Jackpot is Waiting

The Chinese Government is opening up the lucrative gambling market. Participating profit with the China action.

On stage, two Shanghai youths produce raucous Chinese pop music. Suddenly a group of young Chinese girls sing out, “We’ve won with Keno”. Every five minutes the 10 of 80 numbers of the Keno casino show are drawn. On the brightly coloured board above the stage the winning amounts are shown.

Keno outlets in Shanghai are growing like mushrooms. The State Welfare lottery has issued 1,000 licenses.

The enduring Sino Strategic International Ltd (“SSI”) should be a substantial beneficiary. In spite of the doubling in SSI’s on market value since the first Focus-Money recommendation SSI presents excellent opportunities.

For investors, SSI is likely to offer the best opportunity to participate in the dynamically increasing Chinese gaming market.

Strong Position

“In fairness we should have been granted 50% of the issued licenses”, according to SSI Chairman and majority shareholder Teddy Cheng. “But they did not have any other suitable companies therefore we received 750 licenses” claimed the politically well connected millionaire.

Meanwhile SSI has already opened around 100 Keno and gaming outlets in shopping centres, bars and free-standing shops. We estimate around 10,000 RMB (1,050 Euros) average turnover per day, says Richard Li, Managing Director and part-owner of SSI.

Approximately 7% of takings are charged as royalties. Only allowing for this activity should produce an annual 20 cents per SSI share, which would justify the current SSI market price.

50 Billion market

The “Rockefeller from China” according to his partner, Richard Li, is however not satisfied with Keno in Shanghai. “By 2008 we want at least 25% of the Chinese gaming market”, is Cheng’s goal. To realize his aim in the 50 billion (Euros) gaming market SSI will have to attain Keno and Lotto licenses in other Chinese major cities. Cheng’s connections will almost certainly produce positive results in this context management plans to go further. In the future SSI wants to install poker machines in its outlets. The Shanghai Welfare Lottery Agency is likely to issue about 2,000 licenses. Li counts on a market share of 60%. “We will surprise the market with amusement centres in the top locations” according to Li. SSI intends to establish these small poker machine venues nationally as well. With a daily turnover of 100 Euros per machine and outlets in 15 cities this again could produce a minimum of 20 cents per SSI share.

Lucrative Sports Betting

Sports betting could well become the icing on the cake. SSI currently seeking a national license. Even if another consortium gains a license, SSI will still profit. The in-house satellite, Lucky Channel is the only broadcaster who can report on lotteries and sport lotteries betting. All in all the still speculative SSI shares could in the long term be more than 20 Euros if Cheng’s and Li’s plans are realized. Then the SSI shareholders will themselves sing on stage.

Set Limits.



Translation of Focus-Money article titled: “Der Jackpot wartet” by Johannes Heinritzi.

steve fleming
14-03-2006, 10:29 PM
up $1 today!! on substantial volume,closing on highs....

Patersons roadshow presentation looked very good, highligting low capex and high commissions and first mover advantage in this massive market...

disc: have been increasing SSI shareholding

dieter
16-03-2006, 05:02 AM
Sino shareholders happy in the service
By Rebecca Urban
March 16, 2006
Page 1 of 2 | Single page
FULL DISCLOSURE

THE stratospheric rise of Sino Strategic International has finally caught the attention of the Australian Stock Exchange, after shares jumped about 35 per cent in a week.

Never mind that the stock price has soared from about 18¢ this time last year to yesterday's close of $5.34 — an almost 3000 per cent rise. Or to put it into perspective, one's paltry $1000 investment in the gaming and media outfit a year ago could now be traded for a small European car.

It was the usual drill. The exchange's watchdogs wanted to know whether there was any information that had not been announced yet that might explain the recent feeding frenzy. And there wasn't, of course.

It is worth noting, however, that Sino managing director Richard Li has been out spruiking his wares to Melbourne and Sydney institutions this week, which has been blamed for the sudden spike.

The punters in this tightly held company don't seem to mind one bit that it has not returned a profit since 1998, as all eyes are on China, where it operates Keno and other lottery services in Shanghai.

While China's existing lottery-based gambling market is valued at more than $US8 billion ($A10.9 billion), most forms of gambling are still illegal and huge growth is anticipated.

And having gaming barron Bruce Mathieson and former Tattersall's general manager Peter Gillooly sitting on the board has no doubt added to the interest.

So, it goes without saying that Sino shareholders are a happy lot. And that includes chairman Theodore Cheng. One of his interests, the aptly named Eternal Profit, made a $16 million killing in January by selling 5 million shares it subscribed to for just 60¢ in November.

steve fleming
16-03-2006, 08:29 AM
"Never mind that the stock price has soared from about 18¢ this time last year to yesterday's close of $5.34 — an almost 3000 per cent rise. Or to put it into perspective, one's paltry $1000 investment in the gaming and media outfit a year ago could now be traded for a small European car.."!!!, or in my case help funded the purchase of 2 properties,....the amount of money made on this stock has been staggering, as it has gone from a market cap of $3 million to $300 million....in one year!!!...hope some other s/traders have shared the ride!

dieter
21-03-2006, 05:39 AM
Regulatory Concerns may Hit Lottery Plays

1. According to 21st Century Business Herald, the speculation in “Mainland Lottery Concept Stocks” has already drawn the attention of the PRC’s regulatory authorities in lottery. They have expressed that they do not want to see overseas companies to be over-involved in the business. The news is expected to add selling pressure to ChinaLotSynergy (8161.HK), China People Gas (681.HK) and B&B Group (8156.HK). SSI will not be effected

dieter
21-03-2006, 06:04 PM
As the share price is approx $5.15 after a pull back from a recent high following press article which saw the stock go from $3.50 to #5.80,it would not surprise me that a follow up article will be done---this could be done before or after the next news item on the rollout or further deals....

dieter
24-03-2006, 09:53 PM
24 March 2006
Australian Stock Exchange
Company Announcement Platform
Re: Approval received from Shanghai VSAT for Cooperative Agreement between Endless
Idea and China Entertainment Holdings
The directors of Sino Strategic International Ltd (“SSI”) is pleased to advise that further to SSI’s
announcement to the ASX on 21 December 2005 regarding the Cooperative Agreement (“the
Agreement”) between Endless Idea Management Ltd (“Endless Idea”) and China Entertainment
Holdings Ltd (“CEH”), a wholly owned subsidiary of SSI, for the establishment of a production
house (“Production House”) to supply gaming content nationally for traditional and digital TV
channels in the PRC in return for revenue share between the two companies, which Agreement
was subject to Shanghai VSAT approval, SSI is pleased to advise that Endless Idea has now
received the approval of the Agreement from Shanghai VSAT. Shanghai VSAT is a Shanghai
government sponsored entity.
Under the Agreement and in return for revenue share, the Production House will be providing its
content via 3 distribution platforms, namely:
- The Lucky Channel, the only licensed nationwide TV gaming channel developed in
cooperation with Shanghai Interactive Television Co. Ltd (“SiTV”). SiTV is the operator of
the interactive cable TV network in Shanghai. The Lucky Channel is comparable to the Sky
Channel of Australia.
- Dragon TV, for broadcasting programs made by the Production House. Dragon TV is
established by the Shanghai Media Group, operator of Shanghai TV, and is currently ranked
the No. 1 satellite TV channel in China with a an audience reach of 700 million people.
Dragon TV is broadcast across China and to Japan, Australia and North America via
satellite.
- www.skylc.com, an Internet portal developed by Shanghai VSAT for China Telecom.
www.skylc.com will provide interactive online gaming services to the Internet population in
China, which is in excess of 100 million users. www.skylc.com has been operational since
January 2006.
The combined audience reach of the above 3 distribution platforms is expected to be well in
excess of 700 million people. Endless Idea will be sharing in revenue generated from
subscription, advertising and sponsorship, and interactive gaming income of the Lucky Channel,
commission sharing on gaming sales via www.skylc.com, and revenue share in respect of
production supplied to Dragon TV and will include production fees, advertising and corporate
sponsorship, and interactive gaming revenue.
The Production House is expected to be fully operational by September 2006.

dieter
29-03-2006, 12:33 PM
SSI is suspended at last sale $5.30,IMHO it looks like a placement is on at about $5 to expidite rollout,fromwhat I hear there are some fancy institutions that want in ,also I would expect furher progress report on rollout progress and NEW deals on Sports betting and othe gaming interests....

$6+ cannot be very far away,thats 1 bag in since last call..

dieter
31-03-2006, 08:54 AM
Yesterdays reaction to the placement at 4.65 raising $14m dissappointed a few,Germany on the other hand has good sales at $5.20.Once settled I am certain longs will have the last harrah and see the share price at new heights.. The placements all went to sophisticated investors.

steve fleming
01-04-2006, 07:01 AM
The ease at which SSI is able to raise funds, and the amount raised is staggering....the $14 mil raised on Thrsday, togethor with the
$6 mil raised late last year suggests institutions are fighting to get on board this success story...also, I assume it is SSI's stock broking arm that is doing the placement, so SSI collects the placement fee as well!

This $2o mil 'warchest' puts SSI in a major position of strength in their negotiations with 'major international gaming companies' which are currently taking place

dieter
01-04-2006, 09:10 AM
Well spotted Steve

"This $2o mil 'warchest' puts SSI in a major position of strength in their negotiations with 'major international gaming companies' which are currently taking place"

Come on in National rollout,sports betting and more...games. GCN also gets a ticket with lucky channel and more....

With that war chest we can get bigger faster..

mcharman1
01-04-2006, 09:39 AM
Guys

I am very long SSI, whilst I agree that the warchest,is going to pave the way forward for the future, I must say that i thought that the placement price of $4.60 something, was way to low,more a company with this kind of growth and market cap, Richard Li, knows my feelings, I felt that a fair price was between $5.00 and $5.25, I am feed up with being undercut, as us small investors have toughed it out for a while now, In my case about a year at $3.74 for 25,000 shares.

I believe, that the upside of this stock is hugebut am worried that the cream is going to go to the institutions on the private placements, and the value for the smaller guy is just going to be eroded,and we just get thrown a bone.

Richard calls me all the time when the stock is tanking, he is fully aware of my wealth over $100million, and yet i have never been advised or asked to be included in any private placement, apart from one with an hours notice, and at a higher price than i could achieve in the open market.

Richard if your reading this,take it on board or me and my small investment will depart to a stock that cares about the investors who got you to where you are at present,and are also carrying the can for the current shareprice of GCN (which i hold about 1,000,000 shares in).

Thats all I have to say,I think the stock is heading to $25.000 within the next 18 months.

But please remember the guys that helped you through the tough times,and stood by you, don't let the corperates and hedge funds take all the cream, because as soon as you have a little hick-up,they will be gone, but we will still be here.

We deserve a little something to.

All the best

Mark Charman
Dubai,UAE

harvey
04-04-2006, 08:45 AM
Dieter could you please send me the 9 pager that you said was available on the 13/2/2006,l asked
Mark V Charman to send it to me after he had asked for it from you but didn't get a response l only have a few shares in gcn and ssi,but am very interested in both companys.Peter harvey

dieter
05-04-2006, 03:14 PM
Peter

I did send to Mark the document,but it may be in cyberspace . The one you want is on the SSI www site.

I am off to Shanghai to see a presentation to be made to some substancial institutions,I understand SSI is one of 4.

The market was spooked yesterday when a crossing went through with a off-market overseas transaction,as it`was done at the placement price it has more to do in mechanism of the placement, NOT a seller quitting rather than one new shareholder coming onboard...

This also spooked a GCN holder,with GCN's China developement work going on in the backroom ready for implimentation,its a little long between drinks,but IMHO its a great chaqnce to top up...I took on a further 400k and looking for more at these prices.

Davidchr
12-04-2006, 04:30 PM
Hi Dieter

After following this stock for a while I bought in a couple of months ago and have been happy with how things have gone so far. Appreciate all your posts. SSI definitely has a great story and exciting potential. How was your trip to Shanghai? Anything interesting in the presentation that you saw?

Dave

dieter
12-04-2006, 05:38 PM
SSI had sales today upto 3.89, IMHO if the company is to advance its push into China then some corporate adjustments may be necessary, SSI has a few subsidaries that may need to be hived off inorder to prepare itself for future JV which require DD by Govts,

I would expect some time in the future GCN to be unplugged and go it alone in MOBILE gaming and IPTV,SSI to concentrate on land based opportunities....a simple way to achieve this would distribute SSI holding in GCN to its holders...it could be a approx 2.5 GCN for every SSI....as the controlling shareholder has about 60% SSI...they finish up with two companies direct control instead of one indirect.....but this move is only my hypothesis..

more on that visit later

dieter
13-04-2006, 02:48 PM
The meeting was attended by about 75 fund managers and was basically a doctrination of all things CHINA...some real noteables were there , David Hale and Marc Bakal,we were told that the rollout is gathering pace, in two months just on half the 750 licenece should be operating.What was surprising was the realisation that gambling is taging place on the mainland and as yet has not recieved serious recognition as operators in Macau have. From ths buzz in the room I would not be surprised that many new links were or will be formed....

Davidchr
19-04-2006, 08:41 AM
Thanks Dieter. Did you get any sense of, or do you have any thoughts on, the likelihood of them securing licenses in other major cities or in relation to their possible involvement in sports betting when it is legalised. I assume legalisation is a case of "when" rather than "if"! Obviously the Shanghai licences are the first step but these other things would be real company makers. I imagine their focus in the short term is on a successful rollout in Shanghai and, externally at least, they are not yet talking up the prospects too much.

dieter
21-04-2006, 02:43 PM
Tabcorp and Chinalotsynergy maybe in trouble

todays press
"If you can't make a quid providing gambling opportunities to the Chinese, well, get out.

Advertisement
AdvertisementLOOKS like more fires are breaking out at Tabcorp.

Tabcorp's international division is being wound back amid rumours of trouble at its only business, the keno joint venture with LotSynergy in China, according to Macquarie Equities.

The broker said that staff from the international division were being redeployed and Tabcorp's chief number cruncher, Matt Bekier, will be the primary point of contact for the China business.

It said this might be related to talk of cost increases to the Keno network rollout.

"We understand delays in the establishment/operation of Tabcorp's network in China have lead to a blow-out in development costs which in turn may place strain on Tabcorp's joint venture relationship with China LotSynergy," Macquarie said.

Tabcorp estimates that the LotSynergy venture would generate earnings of about $50 million within five years are "at risk", the broker said.

This is the last thing the Tabcorp needs with its share price already being weighed down by the race broadcast brawl with ThoroughVisioN and the concern over renewal of its Victorian gaming licences.

Tabcorp confirmed there had been changes, including redundancies, and said it was looking for a senior executive to head its international operations from China.

"China remains our number one priority internationally," Tabcorp spokesman Bruce Tobin said.

SSI DO NOT HAVE THESE PROBLEMS

dieter
28-04-2006, 05:19 PM
Good progress on rollout

"28 April 2006
Australian Stock Exchange
Company Announcements Platform
Dear Sir/Madam
Re: Significant Progress made of Point of Sale rollout in Shanghai
Further to the report to shareholders in the half yearly review in which shareholders were
advised that the Company had established 90 points of sale, the directors of Sino Strategic
International Ltd (“SSI”) are pleased to advise that the Shanghai operation has now
established 166 points of sale with aggregate sales of gaming products achieving record saleseach week since the recent half yearly review. Management of our Shanghai operation
advises that we are on schedule to achieve 400 points of sale by end of June 2006 and 750
points of sale by end of September of 2006. As the point of sale rollout program is rapidly
achieving critical mass, management is currently developing a detailed marketing program to
ensure the acceleration of sales within our distribution network.

http://users.tpg.com.au/joesmith/SSIsales.jpg

dieter
16-05-2006, 05:27 PM
Two important announcements today

http://www.asx.com.au/asx/statistics/announcementSearch.do?method=searchByCode&issuerCode=SSI&timeFrameSearchType=D&releasedDuringCode=6

16/05/2006 Management restructuring 2 PDF -
16/05/2006 Surge in Weekly Sales of Gaming Products in Shanghai 1 PDF
http://users.tpg.com.au/joesmith/ssisales2.jpg

steve fleming
18-05-2006, 10:27 PM
High powered appointments to the International Advisory Board:

Including:: MR RICKY LEI
Ricky is a pioneer of the Chinese IT industry. Ricky was the founder and head of Hewlett
Packard’s personal computer and peripheral business in China, growing it within 12 years from
concept to a US$800 million annual revenue business by the time he left HP in 1999. He is
currently the chairman and CEO of Hinge Software, a software company he founded in 2003.
Within 3 years, Hinge Software has already become a major Chinese software company employing
over 1,500 staff in China and the United States. Ricky’s IT expertise will be invaluable in assisting
the SSI group’s implementation of its Internet gaming business.

Absolutely No - brainer - buy at current levels

dieter
01-06-2006, 09:53 PM
1 June 2006
Australian Stock Exchange
Company Announcements Platform
Dear Sir/Madam
Re: SSI AUDIO BROADCAST
Sino Strategic International Limited (“SSI”) wishes to inform the market of an audio
broadcast with Mr. Richard Li (Director Group Corporate Strategy and COO
Australia) who will be discussing “The $100bn Chinese Gaming Market”.
The presentation is available at www.boardroomradio.com
Or please refer to the following URL link for direct access to the broadcast
http://www.brr.com.au/event/SSI/368/11349/wmp/l68jf3xzeu

dieter
02-06-2006, 01:18 PM
There is a new company presentation out available at

http://www.sino.com.au/docs/SSI_Investment_Presentation.pdf

It is dated June 2006 and shows that there is a increase of about 20 outlets /WEEK and that total turnover is gathering increased sales per outlet. Also several VLT sites are being trialled with expansion just around the corner....

There is also mention of Property Trust ??? and Sports betting objectives.....

In all solid progress in rollout continues

steve fleming
02-06-2006, 05:06 PM
quote:Originally posted by dieter

There is a new company presentation out available at

http://www.sino.com.au/docs/SSI_Investment_Presentation.pdf

It is dated June 2006 and shows that there is a increase of about 20 outlets /WEEK and that total turnover is gathering increased sales per outlet. Also several VLT sites are being trialled with expansion just around the corner....

There is also mention of Property Trust ??? and Sports betting objectives.....

In all solid progress in rollout continues


wow!!....how cool is that??? check out the photos of SSI's own little gambling shops/mini casino's!!

now earning 100,000 rmb a week in sales ( up from 10,000 a week earlier this year)...wow!!

still would like to seem some profit estimates though.

bear
20-06-2006, 08:55 PM
SF Was wondering if you have any update on this one. Seems to be in a downward spiral - technically not great and probably accentuated by the recent market sentiment .... but still potentially a bargin

do you know if they are they on target with their roll out

thanks in advance

Bear

steve fleming
20-06-2006, 10:05 PM
hi Bear,

yep not looking the best... weakness also in part due to the selldown from ex-director/pub baron Bruce Matheson... the guys who took the $14 mil placement at $4.65 must be feeling it....tho the thing with SSI is it is likely to move / make up its lost ground pretty very quickly on any news/overseas interest...

SSI has over the last year set up the infrastructure, the contacts/networks and done the groundwork to firmly position it to take full advantage of what is only going to be a massive growth industry...the upside is seriously huge....

am pretty sure that once SSI releases some revenues and profits in AUD, the reality of how massive this will be, will really hit home!

accumulate/sit tight and you can't go wrong

dieter
21-06-2006, 06:14 PM
Sales growth continue to be impressive.

Released today
21 June 2006
Australian Stock Exchange
Company Announcements Platform
Dear Sir/Madam
Re: SSI’s Weekly sales of gaming products in Shanghai crossed RMB 1 million milestone /
Appointment of Dato’ Lim Kim Wah to International Advisory Board
Weekly Gaming Product Sales
Further to the report to the ASX on 16 May 2006 regarding “Surge in weekly sales of gaming
products in Shanghai” from Points Of Sales (“POS”) of Sino Strategic International Ltd (“SSI”),
the directors of SSI are pleased to advise that total weekly sales of our Shanghai POS network have
continued to rise and crossed the RMB 1 million milestone for week ended 18 June 2006. Sales of
all gaming products for week ended 18 June 2006 reached RMB 1,081,000 compared to RMB
918,000 for week ended 14 May 2006, a rise of over 17.8 per cent in 5 weeks. A total of 279 POS
have now been established compared to 181 as reported on 16 May 2006. The Directors of SSI are
pleased with the sales progress made to-date.
Attached below is a chart of our weekly sales performance since the beginning of 2006.
http://users.tpg.com.au/joesmith/SSISALES2.jpg

bear
21-06-2006, 07:53 PM
Thanks for the update SF and Dieter - company chipped in as well with its update tonight

missed this small rise pondering whether to take the plunge

story looks to be going well

I seem to remember profit margin of 4% or 7% ... am i right

steve fleming
21-06-2006, 08:45 PM
quote:Originally posted by bear

Thanks for the update SF and Dieter - company chipped in as well with its update tonight

missed this small rise pondering whether to take the plunge

story looks to be going well

I seem to remember profit margin of 4% or 7% ... am i right




Hi Bear, Yep 4% commission on terminal revenue, 7% on other

numbers at the moment are still in their infancy...just going to get bigger and bigger as the roll out continues!

SSi rises fast ( and falls fast!!) as illustrated today!!

steve fleming
19-07-2006, 10:54 PM
50% off its highs...and depth looking pretty sick...despite impressive announcements including this one today - SSI is bringing the World Poker Tour to China!!!:-

"SSI’s strategy is to introduce the poker tournament into the
Chinese market and accordingly, become the operator of an independent national gaming and entertainment network in China"

i guess the market just wants to see the $$$'s though to justify its current market cap

bear
20-07-2006, 10:26 AM
finally decided to buy some yesterday (wrongly thought it had hit the bottom) ... and freaked out when the depth fell away late in the pm. It looks ugly (chart and depth) ...still i note they have been providing monthly updates which are due around now??

so updated figures may stop the price from free falling... but they need to be impressive.

For me this is more of a long term hold and the long term propsects and situation has not changed.

Bear

very odd sized parcels going thru last few days

dieter
26-07-2006, 12:51 PM
quote:Originally posted by steve fleming

50% off its highs...and depth looking pretty sick...despite impressive announcements including this one today - SSI is bringing the World Poker Tour to China!!!:-

"SSI’s strategy is to introduce the poker tournament into the
Chinese market and accordingly, become the operator of an independent national gaming and entertainment network in China"

i guess the market just wants to see the $$$'s though to justify its current market cap




The market has not recognized the importance of this announcement,IMHO it is the breakthrough to the wider China market, there is over 100,000 card rooms in China. If SSI and GCN get the jump start and they have shown to be very savvy in this regard. Multiplayer poker games (and any other software controlled) will become a bonanza both offline and online.

Lookout for a NATIONAL tieup very soon.

also watchout for sale of a large line of stock overhanging the market---it gives a unique entry point right now

dieter
16-08-2006, 05:09 PM
The rollout continues
http://users.tpg.com.au/joesmith/SSIlatest.jpg

dieter
23-08-2006, 12:00 AM
We have just seen the crossing of approx 1.8 mill SSI,this was a former director Mathesion who sold to two overseas funds----this is what has held the stock down.

I suspect a return to previous levels is imminent..

I topped up today as soon as I saw the sale,with the graph of the rollout in my last,progress is reasonable if not very good...

its time to enter again for those that missed the first run

dieter
01-09-2006, 01:38 PM
I found this little press clipping. It may or may not have relevanve to us.

"Asian gaming, where the opportunities are.


By Tina Morrison
Aug. 29 (Bloomberg) -- Sky City Entertainment Group Ltd. may be looking to expand in Asia after recent takeovers in Australia's gaming industry limited the company's growth options there, the New Zealand Herald reported.
While there is less scope for buying businesses in Australia or New Zealand, there are opportunities ``further afield,'' the newspaper quoted Sky City Chief Executive Officer Evan Davies as saying.
Sky is probably looking to Asia, the Herald said, citing Rob Bode, head of research at First New Zealand Capital Ltd.
Davies declined to confirm or deny if the company was targeting Asia, spokeswoman Rosalie Nelson told Bloomberg News.
``Australasian opportunities for expansion are limited,''
Nelson said. The company is focusing on getting the most value out of the businesses it already has and would evaluate opportunities as they arise, she said.
Sky City said no acquisitions were likely in the immediate future.
Shares in Sky City were unchanged at NZ$5.12 as of 12:27 p.m.
in Wellington trading.

dieter
05-09-2006, 12:05 AM
released today on ASX--the highlights are mine.

"4 September 2006
Australian Stock Exchange
Company Announcements Platform
Dear Sir/Madam
Re: Shanghai F1 MEC heralds a new dimension in gaming and entertainment
industry in China for SSI
The Board of Directors of Sino Strategic International Ltd (“SSI”) is pleased to advise that
SSI has secured the right to operate the first Charity Entertainment Club (“CEC”) within the
first charity Multi-function Entertainment Centre (“MEC”) in China at the Shanghai
International F1 Racing Circuit. The Shanghai International Circuit covers an area of 5.3 sq
km. The Shanghai F1 CEC, branded as the Fomuland Mercy Club, combines the auto
culture with the charity culture promoted by China Aged Care Fund, Jiading Municipal
Government, Shanghai Welfare Lottery Centre and Shanghai General Administration of
Sports, to deliver a unique multi-functional gaming and entertainment destination for
Shanghai.The Shanghai International Circuit will be hosting the 2006 F1 event in October 2006. The
Shanghai MEC will be operational by the end of September 2006 in time for the 2006 F1event commencement. The Shanghai International Circuit is one of the most high profile
entertainment destinations in China and represents an investment of US$400 million by the
Shanghai government. It is located in the Jiading District of Shanghai, about 40 minutes
from downtown Shanghai via the city trunk road. Each year for the past 7 years, it received
200,000 visitors per day during the F1 event with half of the visitors from internationalcountries. Within the 20,000 sq ft Fomuland Mercy Club, there will be keno café, sports
bar, and a poker room hosting a variety of legalized games including Video Lottery
Terminals, sports betting, Video Poker Terminals (“VPT”), dealerless electronic poker
tables, keno and lotto terminals. Fomuland Mercy Club will become the showcase for a
number of franchised CECs that will be developed across China by SSI, providing gaming
and entertainment activities to the local population. It is also expected that a private
network will link up Fomuland Mercy Club with initially more than 2,000 VPTs to be
installed in hundreds of SSI’s existing keno and lotto Points of Sales in Shanghai.Already the largest corporate gaming agency in China, SSI was invited to participate in the
development of the Shanghai F1 CEC project early this year. SSI’s involvement in the
Shanghai F1 CEC project has now been formalized with the signing of an agreement
between SSI’s wholly owned subsidiary Shanghai Yingda Investment and Management Co.
Ltd (“Yingda”) and the Shanghai International Circuit Company Ltd, securing Yingda as
the sole operator of the Fomuland Mercy Club and also providing Yingda with a rent free
period for the CEC. SSI’s MEC development program, commencing with the Shanghai F1
MEC project, heralds a whole new dimension of SSI’s involvement in the gaming and
entertainment industry in China. The launch of the Fomuland Mercy Club provides SSI
with another first mover advantage in the future development of charity poker clubs and
poker tournaments in China."

dieter
08-09-2006, 02:48 PM
SSI and GCN can benefit from any crackdown on illegal gambling seen below....

7 September, 2006
CHINA
China loses 600 billion yuan every year to illegal betting

Experts say this is how much Chinese gamblers lose, a sum siphoned out of the country by criminal rings. During the World Cup, the most bets on games were placed in China.



Beijing (AsiaNews/SCMP) – In recent years, illegal gambling fever has gripped the Chinese people, who are drawn by the hope of easy and quick gains, but also enmeshed in a morbid passion. During the World Cup of football in Germany, the value of bets placed was estimated to be between 50 and 100 billion yuan, a sum that makes China the leader in a global turnover of around 70 billion US dollars.

According to a study by the University of Beijing, each year, more than 600 billion yuan (around 75.5 billion US dollars) leave China thanks to betting losses. Gambling has been illegal since 1949, except for that allowed in Hong Kong and Macao. But there are at least 330 Chinese websites for betting, especially on the results of football leagues in Italy, England and other nations. Overseas football games are transmitted live on television and newspapers follow the leagues. Betting money is channeled through financial businesses in Hong Kong and Macao.

Zhu Entao, an official of the Public Security Ministry, underlined the “collusion between Chinese and foreign criminal organizations” to run the market. “Nearly all profits go abroad, amounting to tens of millions of yuan every time”, a capital outflow “capable to threatening the national economy”.

The criminals involved behave like businessmen: Ren Shen, one of Shanghai’s betting leaders, was arrested on 24 July. He told police he worked as an agent for an overseas company and received a “commission” that was a cut of his “clients” losses. Clients deposit a sum in indicated accounts and receive an identification number; then they bet by cell phone, computer or SMS. To avoid being identified, websites change their names and addresses frequently, and use servers based overseas.

Players are drawn by the mirage of being able to “make a fortune in just one day,” said Ren. “But these are illusions. Betting companies don’t lose because they have much more able experts” who fix quotas to the company’s sure advantage. People bet on everything: during the World Cup, people bet on results but also on who would score a goal and when, who would be cautioned or sent off. You could also bet while the game was going on.

The press and television often report cases of and statements from citizens who fell into debt because they sold all their belongings and those of their relatives due to gambling fever.

The most renowned illegal gambling ring is a Taiwanese one called Yu Kuo-ji that since 2002 has operated with “door to door” collaborators and women in Beijing, Shanghai and Guangzhou for bets on football leagues in Europe, Latin America and Asia. The press estimates that the organization has made more than 2.36 billion Hong Kong dollars (around 300 million US dollars) and calls it “Taiwan’s most successful entreprenuer

Taiwandeal
10-09-2006, 10:47 PM
Hello Dieter,

I am German, living in Taiwan ...and always interested in what you are posting... I know that there is a lot of illegal gambling in Taiwan - but I never heard about this Taiwanese gambling ring is active in China.

Anyway - one more chance for SSI to expand their "clean" gambling business...

My question is how much GCN is involved ?
The last official announcement about China on GCN's website was in April 2006.... even in the answer to the recent ASX querys Li didn't mention one word about business in China (or India, or Malaysia...)...
... and as the recent price drop shows - the investors are not very impressed by "the world’s first international gay and lesbian friendly online business"

...does SSI eat the cake without their daughter ?

GreetinX from Taiwan...

TD

dieter
11-09-2006, 01:47 PM
I shall answer the more serious question on GCN later...but for the record I only post here and

http://www.pacificepoch.com/forum/forum.php?which=stock

dieter
11-09-2006, 02:00 PM
quote:Originally posted by Taiwandeal

Hello Dieter,

I am German, living in Taiwan ...and always interested in what you are posting... I know that there is a lot of illegal gambling in Taiwan - but I never heard about this Taiwanese gambling ring is active in China.

Anyway - one more chance for SSI to expand their "clean" gambling business...

My question is how much GCN is involved ?
The last official announcement about China on GCN's website was in April 2006.... even in the answer to the recent ASX querys Li didn't mention one word about business in China (or India, or Malaysia...)...
... and as the recent price drop shows - the investors are not very impressed by "the world’s first international gay and lesbian friendly online business"

...does SSI eat the cake without their daughter ?

GreetinX from Taiwan...

TD


SSI are working on China for GCN and I hope soon you will see how GCN participates in the gaming industry capitalising on its technology strengths. But SSI are applying GCN's existing technologies to the China market as well. As to India, yes it has been slow but they will make it work. The market is large enough not to be ignored. As to Gaydar Direct, go to http://www.gaydardirect.com.au It is live and are selling well.

also you observe
"I am German, living in Taiwan ...and always interested in what you are posting... I know that there is a lot of illegal gambling in Taiwan - but I never heard about this Taiwanese gambling ring is active in China."

The ring targets China, not Taiwan so why would one hear about it in Taiwan when it is an underground operation

Taiwandeal
11-09-2006, 03:09 PM
Thx for your quick response.

in my opinion the gaydardirect-business may be "nice to have" - but that's not what all the investors are waiting for....

the basic price for register a shop on gaydar is 35$ - how much potential are we talking about ? I think 1000 subscribers is already very optimistic ? 35k a month ? That's what a good pizza-restaurant earns....

...what investors are waiting for are news about progress in China or India.... no news - means more than 50% drop in shareprice since May06

Let's hope that you are right about GCN's involvement in SSI's China business.

Next month I will go for a business trip to China - maybe I can get a more optimistic view....

TD

Taiwandeal
13-09-2006, 03:34 AM
Goconnect:
"Appendix 4E - Preliminary final report Year ended on 30 June 2006"

the revenues look pretty lousy - like the years before... 566kA$ - just like I mentioned - same like a good pizza-restaurant....


India business looks pretty sluggish:

"...we expected that these initiatives would increase GoConnect’s subscriber base significantly. However, despite our best efforts and persistence, progress has been hampered by the constant change of management personnel at The Times Group, leading to inaction in marketing effort by our Indian partner. This inaction has significantly dented our earlier optimism for the Indian expansion...."


... the last hope is the China business:

"... the consolidated entity has been working closely with ... SSI, to establish a presence for its GoTrek IPTV platform in the Chinese market. With over 100 million Internet users in China and SSI’s control over the provision of content to the only licensed gaming broadcast channel in China, the Lucky Channel, GoTrek IPTV is well placed to assist SSI’s gaming strategy in China with the distribution of the Lucky Channel to the massive Chinese Internet population. At the same time, the consolidated entity is working closely with SSI to be its preferred technology partner in the expansion of SSI’s gaming business in China. This close working relationship is expected to generate a new income stream to the consolidated entity within the next 12 months. "

but still - up to now - GCN just burning cash (1768kA$)

... doesn't sound very promising to me ...

dieter
13-09-2006, 04:27 PM
13 September 2006
Australian Stock Exchange
Company Announcements Platform
Dear Sir/Madam
Re: CEH and CACF Memorandum of Cooperation to jointly establish CACF
Charity Poker Club and develop CACF Multi-function Entertainment Centres
across China
The Board of Sino Strategic International Ltd (“SSI”) is pleased to advise that SSI’s wholly
owned subsidiary, China Entertainment Holdings Ltd (“CEH”), has entered into a
Memorandum of Cooperation (“Memorandum”) with China Aged Care Fund (“CACF”) for
the joint development of a CACF Charity Poker Club to conduct national charity poker
tournaments in China. The Memorandum also provides that SSI will participate in the
development of CACF branded Multi-function Entertainment Centres (“MEC”) in
managing authorized lottery and sports betting franchise. This Memorandum will lead to
CEH acting as operating partner of CACF’s charity entertainment programs in the
fulfilment of CACF’s mission to assist the aged.
CACF, chaired by four respected leaders of China, was founded in July 2005 under the
auspices of the China Aging Development Foundation (“CADF”). It is a non-profit
organization incorporated with the blessing of Premier Wen Jia Bao and Deputy Premiers
Huang Ju and Hui Liang Yu. The mission of CACF is to raise funds in China and from
abroad to finance welfare for the helpless and the elderly. The mission was propounded in
the Eleventh Five Year Plan of the Central Government.
CACF has an objective of delivering multiple retirement community property development
projects that will include MECs, among other retirement and commercial facilities, in 50
major cities across China. The Congress has issued decrees to various provincial and local
municipalities to provide free allocated land to CACF to assist with these objectives.
In order to finance these prospective community facilities, CACF intends to operate local
and international poker tournaments, through the development of the Charity Poker Club, as
a means of generating income for CACF via collection of poker tournament entrance fees.
CACF will be responsible for securing the approvals from relevant government authorities
including the General Administration of Sports, the Cultural Ministry, and the Ministry of
Civil Affairs to ensure that the partnership has the appropriate licences and support to
operate the CACF Charity Poker Club for conducting poker tournaments in China.

Davidchr
13-09-2006, 04:41 PM
GCN may have been quiet of late but SSI is certainly ramping it up. I guess it will be a while before recent announcements filter through into revenue (and a while until we see a decent increase in the share price?!) but they certainly seem to be positioning themselves well. I would be interested to see revenue projections for some of their projects.

dieter
14-09-2006, 11:21 PM
Gaming Opportunity Potential
As a result of this arrangement with CACF, significant business opportunities will be
opened up for CEH, including:
#8722; MEC property and operating business developments
#8722; Poker Tournament Events.
#8722; Poker Tournament operating rights leading to land-base competitions and online
competitions, with further expansion into Virtual Private Network (“VPN”)
intranet video poker terminals. In so doing, a new gaming network in China is
being created.
#8722; Poker Tournament for CACF charity programs will extend into thousands of
existing card rooms in all major cities. A franchised network will be developed
under the CACF brand name.
#8722; Leveraging on the CACF Charity Poker Tournament intellectual property rights,
new consumer products will be developed to enhance the value of the CACF
national brand.

dieter
15-09-2006, 02:19 PM
Red hot chips
CRITERION
Tim Boreham
September 15, 2006
Sino Strategic Investments (SSI) $3.20
LOCALLY, when senior citizens have a flutter it usually entails a round of bridge or bingo using milk bottle tops as wagering collateral.
In China, Chairman Mao may have condemned gambling as a bourgeois sin, but that hasn't stopped ageing communists from indulging in an illicit game or two of high-stakes fan-tan.

According to Sino director Richard Li, the Chinese gambling market turns over $US100 billion ($133 billion), 95 per cent illegally. Like Western countries, China needs to fund an ageing population, so pragmatism has won the day.

Rather than seeing revenue flow to across-the-border casinos or on illegal internet sports betting, the Government wants to develop the legal market ahead of the 2008 Beijing Olympics.

Sino this week unveiled a joint venture through which it will provide gambling dens - euphemistically dubbed multi-function entertainment centres (MECs) - to aged-care facilities in 50 cities.

The venture, with the national charity China Aged Care Fund (CACF), is also allowed to conduct a national poker tournament.

Sino last October entered the Chinese gaming market by buying lottery operator China Entertainment Holdings (CEH) from entrepreneur Teddy Cheng in a $6 million scrip deal.

CEH's main asset is the right to market Keno and Lotto products in the Shanghai district. CEH to date has rolled out 370 outlets and aims to get to 750 by the end of calendar 2006.

Li says Sino has several options to fund the MEC and poker rollout, but will try to outsource most of the expense through outsourcing. For instance, internet cafes already have the terminals, so just need the poker software.

With the MECs, Li hints at interest from Australian super funds facing a dearth of other aged-care assets.

Superficially, Sino's full-year results released on Wednesday don't look pretty. The group recorded a $6 million loss on tiny revenues of $1.93 million, but Sino says this included a $3.4 million loss from establishing the lottery operations.

Li is non-committal on financial prospects, but says Sino will reap the benefits over the next year to months.

"Because of the nationwide expansion, revenue and profitability will shoot up quite sharply," he says.

Sino has other, smaller divisions which "continue to operate with undiminished vigour and attention". These are a half-interest in the GoConnect telco group, a financial services arm, equity investment and a herbal medicine arm.

Sino shares have shot up from around 20c in June last year to as high as $5.59. At current levels, Sino is valued at more than $200 million on a fully diluted basis. Of Sino's net assets of $118 million, CEH's goodwill (in effect its lottery right) accounts for $70 million.

Sino looks a fascinating alternative play, but we rate the stock an AVOID at current levels, pending confirmation of real revenue and actual profits.

Sino's board boasts some high-profile grey hairs in the guise of pokie king Bruce Mathieson and ex Tattersall's man Peter Gillooly.

The stock is tightly held: Teddy Cheng holds 60 per cent, with Li and a bloc of German investors each accounting for a further 5 per cent.


mailto:borehamt@theaustralian.com.au

The Australian accepts no responsibility for stock recommendations. Readers should contact a licensed financial adviser. The author does not hold shares in the above mentioned companies

dieter
18-09-2006, 11:45 AM
GCN and SSI get into the money business..

"18 September, 2006
Global payment solution provider Ezybonds partners with GoConnect Australia to
provide payment-processing solution exclusively to China’s gaming industry
Global payment solution provider Ezybonds Inc (“Ezybonds”) has entered into a
Payment Solution Partnership Agreement (“Agreement”) with GoConnect Australia Pty
Ltd, a wholly owned subsidiary of ASX listed GoConnect Ltd (“GCN”), to establish an
equal partnership for the provision of payment processing services to the gaming industry
of China exclusively.
GCN’s parent company, Sino Strategic International Ltd (“SSI”), has been rapidly
establishing its gaming and entertainment business in China and has also concluded a
Memorandum of Cooperation with a national charity in China, the China Aged Care
Fund (“CACF”), for SSI group to be the operating partner of CACF to establish a poker
tournament gaming network. GCN has been working with SSI as its preferred technology
provider in identifying and selecting third party payment processing solution providers to
facilitate SSI’s gaming expansion in Shanghai and across China.
Estimated gaming expenditure in China is well in excess of US$100 billion. The Chinese
government authorities are actively opening up and legalizing the gaming industry in
order to convert illegal gambling to legalized gaming so as to more properly regulate
such activities and allow a portion of the gaming expenditure to be used for welfare and
sports purposes. The rapid evolution of the Chinese gaming industry is opening up
numerous business opportunities for appropriately placed service providers to assist in
the professional development of this industry.
Ezybonds (www.ezybonds.com) is a provider of payment processing solutions and is at
the forefront of global electronic payment systems with its revolutionary online and
mobile multi-currency payment product called the Ezyaccount™. Ezybonds’ payment
processing platforms, in both online and mobile, are the same platforms in which GCN’s
Research and Development team possess substantial expertise and technology
capabilities. Accordingly the partnership will benefit from the complementary skills of
the two companies to capitalize on the many opportunities that will be available within
the Chinese gaming industry.
The Ezyaccount™ is an online account management and payment system enabling
members to withdraw, deposit and transfer funds to or from any Ezyaccount, credit card,
debit card or bank account in real time.
Ezybonds provides a low capital cost, inexpensive and efficient solution for merchants
wanting to receive or send money to or from their customers, suppliers and employees.
The Ezyaccount™ avoids expensive processing costs and eliminates merchant fees, credit
card/bank account identification fraud and associated charge-backs. It rewards members
with attractive referral commissions (via its free Ezyaffiliate program) and offers a free
loyalty program with cash dividends called Ezybonds™. An Ezyaccount™ can be set up
in minutes and merchants can begin accepting transfers within 1 hour of opening an
Ezyaccount™.
Although only launched in late 2003, Ezyaccount™ now has secured over 3,600
merchants with a combined database of potentially 25 million customers generating in
excess of 4.6 million transactions daily on a global basis.
Ezybonds has already successfully established its entry into the payment processing
market in China. Its payment processing solution is already employed by China Post,
which has deployed over 900 payment terminals in its branches and kiosks in Beijing,
with a continuing national rollout program in the pipeline. Ezyaccount™, with its strong
fraud prevention and credit card charge back minimization features, has also attracted a
number of gaming operators globally to employ Ezybonds’ payment processing solution.
With the strong focus and established relationships of GCN and SSI in the Chinese
gaming and entertainment industry, and the superior payment processing soluti

dieter
19-09-2006, 02:01 PM
SNIPPETS CORNER - Real time news for investors
egoli.com.au - Australia
... SSI’s gaming expansion in Shanghai and across China. Estimated gaming expenditure in China is well in excess of US$100 billion.

dieter
22-09-2006, 04:35 PM
Industry speculation has turned to Sky City as the industry's next
acquisition target after shareholders of Queensland wagering company...
This is an interesting scenario. TAH (Tabcorp) and TTS (Tattersall's) are
both interested in SKC (Sky City) but both SKC and TAH are publicly reported
to be interested in Asian gaming opportunities. PBL is the only one with
anything real in Asia, ie Macau. Yet there is no room for growth in
Australian or New Zealand gaming. Hence the only way to grow for these
companies is external or take over each other. After the merger of TTS and
UTB (Unitab), the size of any takeover domestically is becoming very big,
even SKC is capitalised at over A$2 bil and will cost a lot of dilution for
any one of the majors ie PBL or TAH or worse for even the combined UTB and
TTS. SSI is the only listed gaming stock here with serious China gaming
interests. A market any one of the local players will covet for but is beyond their reach. Game set and ready to play? Who will take over who?

dieter
03-10-2006, 01:49 PM
Changes in US laws should attract attention to China

"Dynasty Gaming’s China Focus Minimizes Impact of U.S. Senate Anti-Gaming Bill
MONTREAL--(BUSINESS WIRE)--Dynasty Gaming Inc. (TSX VENTURE:DNY) said today that any impact on the company resulting from passage of anti-gaming legislation by the U.S. Senate will be minimal.

Chief Executive Albert Barbusci stated, “Dynasty, which is a software provider and not an operator of gaming sites, has never targeted the U.S. gaming market. Our focus is on the launch of a play-for-points Mahjong game in China using prepaid cards, where we will operate under a legal and fully-licensed framework as established by the Chinese government. The vast majority of our aggregate version software licensing customers, such as Ladbrokes, Betex and Premier Bet, do not accept wagers from U.S.-based Internet gaming customers.”

The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this news release.

dieter
05-10-2006, 10:26 AM
This should be very positive for SSI and GCN who are in a dominant position in CHINA,the last major market left for those that lost out


4/10/2006 - 1:46:08 PM

PartyGaming gets further battering

Shares in beleaguered PartyGaming took a further battering today following a newspaper report which said it would have to negotiate a new loan facility with its banks within 30 days of anti-gaming legislation being approved.

Internet gambling stocks crashed on Monday after strict new laws to crackdown on online betting in the United States were unexpectedly approved by Congress at the weekend.

The value of the sector was halved and billions of pounds were lost as shares in the London-listed companies tumbled to their lowest ever levels.

Party Poker owner PartyGaming saw its stock slide 58% on Monday and a further 9% on Tuesday as it generates three-quarters of its business in the US.

Today, shares were down 5% or 2.25p to 38.5p after the Financial Times said a new loan facility would have to be negotiated after President George Bush signed into law the anti-gaming bill.

The paper reported the move was prompted by a clause in a $500m (€394m) loan agreement allowing its lenders to call in a loan in the event of an alteration in US law affecting the firm’s position in the country.

But a PartyGaming spokeswoman said: “We don’t see this as an issue.”

She said the loan was a revolving credit facility which the company can use according to its needs.

However, a broker note from ABN Amro warned that PartyGaming was likely to need funds to exit the US for restructuring and redundancies.

The fall in share price this week has cut PartyGaming’s value from £4.3bn (€6.3bn) to just £1.54bn (€2.2bn) – putting it in line to be relegated from the FTSE 100 Index at the next reshuffle in December.

It followed an unexpected decision by Congress to approve the controversial Unlawful Internet Gambling Enforcement Act.



The Bill bans banks and credit card companies from processing payments to online casinos – effectively outlawing internet gambling in the US and depriving companies of most of their income.

It took the City by surprise as it was thought that the Senate would not have time to add its approval to earlier backing in the House of Representatives.

But on Saturday the Bill was attached at the last minute to an unrelated piece of legislation aimed at enhancing port security and it is now expected to be signed into law by President George Bush within two weeks.

PartyGaming and 888 Holdings, which rely heavily on the US for business, said they will suspend business in the US indefinitely when the Bill becomes law.

The crash followed a turbulent few months for the sector which has been rocked by the recent arrests of BetonSports chief executive David Carruthers and Sportingbet chairman Peter Dicks in the US over alleged illegal internet gambling on sport under current laws.

The legality of internet gambling in the US has been a grey area for a number of years, with it generally considered to be outlawed by the 1961 Wire Act, which prohibits “the placing of bets or wagers on any sporting event or contest” via a “wire communication facility” such as a telephone.

However, it has not always been clear whether the internet constitutes a “wire communication facility” and whether poker and casino games such as blackjack constitute a “sporting event or contest”. It has also proved very difficult to police.

dieter
05-10-2006, 04:08 PM
Internet gaming ban resulting in online gaming stock melt down is a godsend to SSI. Those internet gaming stocks who are cashed up are now scouring Asia looking for partners to reinvent themselves. SSI/GCN are their perfect partners in China to help them to arrest the decline in their own share prices.. There is a great sense of urgency as well. Why do I know, I speak to a number of them. There is also a re-rating going on with the gaming sector. Notice PBL at all time high? The same thing happened in October 2005 when the Macau gaming stocks had the second sharp uplift, so did SSI. This is starting again and US Instos are visiting Macau next week. Guess what will happen, a lot of buying, and so will it happen to SSI and GCN. Wait and watch for the explosive run ahead. Attached share price chart of Melco, PBL's partner, notice the run started in early 2005 then sideways and then it ran again in October 2005, altogether 10 folds. Next run up starting now.

Melco graph is at
http://finance.yahoo.com/q/bc?s=0200.HK&t=1y

dieter
05-10-2006, 08:57 PM
SSI now rated as a speculative BUY

I Quote
""...We've also had a re-think about Sino Strategic International (SSI, $2.85), which has won a franchise to operate casinos, lotteries and poker tournaments in gambling-crazy mainland China.

Sino may hold corporate appeal in that Macau - the Orient's answer to Las Vegas - is looking pretty crowded (but don't tell James Packer).

We rated Sino an AVOID on September 15 on the grounds of price, but now that the stock's come off 8 per cent we'll change that to SPECULATIVE BUY."
Read on:
http://www.theaustralian.news.com.au/story/0,20867,20526025-23634,00.html.

dieter
13-10-2006, 02:43 PM
13 October 2006
Australian Stock Exchange
Company Announcements Platform
Dear Sir/Madam
Re: Opening of Shanghai F1 Charity Entertainment Club
Following the announcement on 4 September 2006 that Sino Strategic International Ltd
(“SSI”) had secured the right to operate the first Charity Entertainment Club (“CEC”),
branded the Formuland Mercy Club, the Board of Directors of SSI is pleased to advise that
the first stage of the CEC comprising 10,000 sq ft of floor space was opened to coincide
with the recent F1 event on 1 October 2006.
The format of the CEC includes a variety of legalized games. The opening of Formuland
Mercy Club establishes an important showcase for a number of franchised CECs that will
be developed across China by SSI, providing gaming and entertainment activities to the
local population. It is also expected that a private network will link up Formuland Mercy
Club with Video Poker Terminals to be installed in hundreds of SSI’s existing keno and
lotto Points of Sales in Shanghai. The Shanghai private network being established will then
provide a model for SSI’s expansion outside of Shanghai.
The opening of the Formuland Mercy Club provides further tangible evidence of the
exciting opportunities and developments being undertaken by SSI as it moves to capture
and benefit from first mover advantage in the Chinese entertainment market.
Yours sincerely
Richard Li
Chief Operating Officer, Australia and
Director, Group Corporate Strategy
Sino Strategic International Ltd

dieter
16-10-2006, 08:41 AM
UK article suggest that China is the place to be for UK comp[anies sufferung from US actions

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2006/10/14/cngamble14.xml
"The signing by George Bush attracted an angry chorus of disapproval from Democrats. Many were particularly upset that the legislation had been tacked on at the eleventh hour to an unrelated port security bill and the President made no reference to the outlawing of gambling. "Today is a dark day for the great American game of poker," said Michael Bolcerek, president of the Poker Players Alliance. "Twenty-three million Americans who play the game online will effectively be denied the ability to enjoy this popular form of entertainment, even in the privacy of their own homes."

Most analysts expect the companies listed in London to concentrate their efforts on Asia, especially China, whose gambling laws are even more proscriptive than America."

dieter
18-10-2006, 02:51 PM
from todays AGN--Chairmans statement

"Launched at the beginning of October 2006, sales of the GaydarDirect online business
listings are on budget. We expect this business to generate healthy revenue for the current
financial year as well as helping to extend our revenue from online advertising sales.
In the coming weeks, we will expand our online and mobile directory products to Asia,
building on the expertise we have developed with the successful launch of Direct Assist
and online business directory.
With our parent company SSI’s significant involvement in the Chinese gaming industry,
GoConnect is able to secure business opportunities in online gaming, targeting Asia. The
recent meltdown in stock prices of online gaming companies as a result of the ban on
Internet gaming for US residents have forced those online gaming companies who have
been dependent on the US market to quickly focus on and reinvent themselves in the
Asian market. [u]GoConnect is in discussion with a number of these companies with the
objective of partnering with one of them to enter the online gaming business in Asia</u>. We
see the crisis in the US online gaming industry translating into significant opportunities
for GoConnect and for our company to benefit from the growth of online gaming in the
Asian market. Our access to the Asian market, in particular the Chinese market, together
with our strong in house online and mobile technologies, will make GoConnect an ideal
partner for those online gaming companies who are now repositioning their businesses in
Asia.
With so much on our plate in the coming weeks, you can see that GoConnect is poised
for further growth in revenue and shareholder value in 2006-07 and beyond. Thank you
for your attendance.
Richard Li
Executive Chairman
GoConnect Ltd"

dieter
02-11-2006, 02:29 PM
Re: Extension of Shanghai gaming retail permits and establishment of first two VLT POSs in
Shanghai
Sino Strategic International Ltd (“SSI”) is pleased to advise that after nearly 12 months of
establishing its Shanghai gaming retail Points of Sale (“POS”), SSI has renegotiated a more
appropriate and enhanced permit agreement with the Shanghai Welfare Lottery Issuing Centre.
Under the current agreement, SSI’s wholly owned subsidiary, Shanghai Kelo Investment
Management Ltd (“Shanghai Kelo”) had 750 keno and lotto retail permits in Shanghai, with these
permits renewable annually. Shanghai Kelo has now concluded a new agreement with Shanghai
Welfare Lottery Issuing Centre effective from October 2006, for 5-year renewable permits in
respect of 600 retail permits for the distribution of keno and other Welfare Lottery games.
The extension of Shanghai Kelo’s gaming permits from one year renewable to 5 years renewable
provides a greater degree of certainty and support to the Company’s business model. The rollout of
the retail network to 600 POSs is expected to be completed by the first quarter of 2007 and will
represent one of the largest retail distribution networks in Shanghai for any business, enabling the
Company to provide effective coverage of the entire Shanghai market.
Until recently, terminals installed in Shanghai Kelo’s POSs could only distribute keno games.
However, all terminals installed in new POSs and all existing terminals will be replaced with new
terminals that can distribute keno as well as traditional Welfare Lottery games. As traditional
Welfare Lottery games have a well-established market, which commands annual sales of A$200
million (2005 actual sales) in Shanghai while growing at the rate of 20 to 30% per annum, the
addition of traditional Welfare Lottery games to the product mix will significantly improve weekly
sales revenue without additional overheads from here on.
The Company’s ongoing rationalization and expansion of POSs continues with the network
targeted to expand to 500 stores by end of December 2006 and to reach 600 in the first quarter of
2007.
Shanghai Kelo has also established its first Video Lottery Terminal (“VLT”) POS in the Puxi
region of Shanghai with 20 VLTs trading since early May 2006. A second VLT POS was
established at the F1 Charity Entertainment Club in early October 2006 with 40 VLTs. A
marketing program for the F1 VLT POS will commence next week.

dieter
10-11-2006, 08:50 AM
Rollout advances and good increasing sales

see http://www.asx.com.au/asx/statistics/announcementSearch.do?method=searchByCode&issuerCode=SSI&timeFrameSearchType=D&releasedDuringCode=6

dieter
15-11-2006, 01:45 PM
GCN gets into Poker market

Wednesday, 15 November 2006
Media Release
Re: GoConnect partnering with Universal Gaming in online poker
GoConnect Ltd (“GCN”) is pleased to announce the signing of an agreement with
Universal Management & Consulting Ltd (“Universal”) for the formation of a new
company (“Company”), which will be owned as to 75% by GoConnect Australia Pty. Ltd.
a wholly owned subsidiary of GCN, and 25% by Universal for the conduct of online
poker business, with the primary objective of targeting the Asian market.
Universal has been involved in online gaming for several years and operates several
online gaming sites, including the NutsPoker brand of online poker. Its other sites are
www.giantvegas.com , www.sierrastarcasino.com , www.royaldice.com, and
www.desroyaux.com.
Under the agreement with Universal, the Company will operate an Internet site (“the
Site”) of NutsPoker, aimed primarily at the growing Asian Market and will further
establish its own online gaming branded via www.pokergame8888.com. Universal will
operate the Site for the first 2 years, whereafter, operational management will revert to
the Company.
In return for securing 75% of the Company and the Company to be provided with a fully
operational online poker site, GCN has agreed to issue to Universal 5 million GCN shares
at 10 cents each subject to the Company achieving an agreed level of revenue. These
shares will be subject to an escrow of 12 months from the date of issue.
The recent ban on Internet gaming in the US has disrupted growth in the online gaming
and online poker industry. This has resulted in a greater business and marketing focus on
Asia by the gaming industry. Both GCN and Universal believe that Asia will be the next
major growth region for online gaming and in particular, online poker.
This is borne out by the recent announcement by WORLD POKER TOUR® (“WPT”) to
extend its footprint to Asia. WPT is one of the world’s two major tournament poker
brands and has syndicated its televised poker tournaments throughout the world. WPT
Enterprises Inc, owner of WPT, announced in early September 2006 that it had entered
into agreements with Macau Cable in Macau and MediaCorp in Singapore to air its
flagship show, WORLD POKER TOUR® . The agreement means that the WPT shows
now air in 154 territories. It is also widely known that the other major poker brand, the
World Series of Poker, has been keenly sought to host its tournaments in Asia.
With so much attention being focused on Asia by both land-based and online poker
companies, both GCN and Universal believe that Texas Hold’em poker will lift its
popularity in Asia significantly in the coming months, in the same manner that Texas
Hold’em poker boomed in North America in the past few years, leading to the
establishment of a vibrant listed online poker industry until recent legal enactments in the
US effectively spelt the end for online gaming in the USA. This has created huge
potential for the rest of the world, particularly Asia which presently, remains largely
untapped. Accordingly, both GCN and Universal are positioning themselves via the
Company to capitalize on the potential boom in Asian online poker games.
The Company’s online poker business is expected to be operational before the end of
calendar year 2006. Initial marketing efforts will be directed at SE Asia with China a
target for 2007. Due to legal restrictions, NutsPoker will not be available to Australian
residents.
For further information regarding this media release, please contact :
Mr Richard Li, Chairman, GoConnect Ltd on +61 3 9993 7000 or email him at
media@goconnect.com.au

Taiwandeal
14-12-2006, 03:09 PM
ToKillFor.com
new hope ... this could be the puzzle piece which connect GCNs different businesses ...
... at least the stockprice reacts positively ...


12/12/2006 Launch of ToKillFor.com
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00677253

13/12/2006 Presentation to Investors & Brokers
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00677813

Taiwandeal
15-12-2006, 02:56 PM
15/12/2006 Interview with Wallstreet Reporter

http://www.goconnect.com.au/corporate/Multimedia/GoConnectLimited.wmv

"....we are very much underappreciated by the market...." [^]

harvey
19-12-2006, 09:38 AM
merry christmas dieter are you still with us we miss your informaive information

dieter
21-12-2006, 03:15 PM
Chinese gamer gets a win
CRITERION
Tim Boreham December 21, 2006
Sino Strategic International (SSI) $2.31
SINO chief Richard Li can attest to the cruel impact of the market's arbitrary views on relative value. Melco, Publishing & Broadcasting Limited's Macau casino partner, makes deep losses, but still boasts a market cap of $4.6 billion. This week, the PBL-Melco joint venture also effortlessly raises $1.36 billion on the US market.
Meanwhile, Sino's share price has floundered like a finless fish. While Melco's worth is based on its casino-licence value, investors are reluctant to ascribe a similar benefit to Sino's gaming permit for mainland China, which covers keno and lottery, video-lottery terminals and the euphemistically dubbed multi-function entertainment centres: gaming dens aimed at raising dough to support the ageing population (sound familiar?).
After shrinking from a $5.59 peak in March to as low as $1.85 late last month, Sino shares yesterday received a much needed 8 per cent boost with news of a deal with Playtech, the world's biggest gaming software house.

In effect, Playtech will fund a rollout of play terminals which will increase Sino's presence ten-fold, to about 5000. Through the deal, Sino becomes the first Chinese promoter of Texas Hold'em Poker, a popular variant of this nefarious pursuit.

Texas Hold'em is the game of choice for tournaments like the Harrah's-run World Series Poker, which boasts a stake of $US150 million ($191.4 million). More importantly, James Bond indulges in a few Texas Hold'em rounds in Casino Royale, the first Bond movie to be approved by China's censors.

"Our strategy has always been to roll out the network as soon as possible and then introduce new games," Li says. "The Playtech agreement is along those lines."

Currently, Sino has 460 sales outlets - akin to our lotto agents - in Shanghai. "The business is continuing to surge ahead in terms of sales and the number of shops," Li says.

Li attributes the selling to two factors: disaffected former director Bruce Mathieson selling down his 3 per cent stake, and a newspaper item alleging the non-existence of written laws to protect legal Chinese operators.

Li says the claims are inaccurate and that, legally, it's all hunky dory. He promises earnings guidance towards the end of the financial year, when the terminal-rollout is completed.

Until then, investing in Sino is little more than a ... bet, but, in many ways, the same can be said for PBL and its Macau ambitions.

Criterion rated Sino an AVOID at $3.20 on September 15 but, in a road-to-Damascus moment, changed to a SPECULATIVE BUY at $2.85 on October 5.

We'll stay on board, but not on the back of blue-sky promises forever. Sino holders must see some solid earnings flowing through in 2007, or hit the jackpot if Sino catches the attention of a predator in what's a rapidly consolidating global gaming sector

steve fleming
21-12-2006, 11:59 PM
Quote which basically sums up SSI's position:

"We'll stay on board, but not on the back of blue-sky promises forever. Sino holders must see some solid earnings flowing through in 2007, or hit the jackpot if Sino catches the attention of a predator in what's a rapidly consolidating global gaming sector"

needs to start delivering some tangible AUD results...though interesting point re the sucess of the PBL-elco JV

dieter
22-12-2006, 03:32 AM
The news went around the world. Overnight news links are:
http://www.earthtimes.org/articles/show/news_press_release,37159.shtml;

http://www.forbes.com/home/feeds/afx/2006/12/20/afx3270598.html

http://www.jackpot.co.uk/online-casino-news/playtech-deal-201206.html;

http://www.hemscott.com/news/latest-news/item.do?newsId=38287486153034;

http://www.online-casinos.com/news/news3655.asp;

http://www.theaustralian.news.com.au/story/0,20867,20959136-23634,00.html.

http://uk.pokernews.com/news/2006/12/playtech-expands-china.htm

dieter
22-12-2006, 03:34 AM
Based on the market cap increase of Playtech last night on AIM market due to this agreement, Playtech added A$57.5 mil in market cap on more than 7 mil shares turnover. Put this value to SSI, SSI should have increased in price by 87 cents, or SSI to trade above $3. This assumes the vaue of this agreement is equal between SSI and Playtech. However, SSI will extract much more direct economic benefits from this transaction. The ASX is not entirely efficient at al for now

dieter
22-12-2006, 02:00 PM
Online Casino Software Developer Announces Deal
Onlinecasino.org News | 21.12.2006 | 09:37:48 | Views: 24 | Casino News
World renowned online casino software developer, Playtech, has just announced a deal with prominent Chinese gaming firm, Sino Strategic Group (SSI).


Since the passing of the Unlawful Internet Gambling Enforcement Act in the United States, the decision for Playtech to connect with a company in the Far East, is part of a broader iGaming industry refocus. Playtech is looking to further themselves by making a large presence in other countries.




Included in the deal, Playtech will be providing SSI with online gaming software for the next five years. Playtech has also announced that the two companies will be the first major distributors and promoters of China in 'Texas Hold 'Em.'



Chief Executive of Playtech, Avigur Zmora, commented on the exiting new deal, "This is a major development for both Playtech and SSI, bringing the Play for Real P2P tournament gaming experience to China at appropriately licensed gaming outlets for the first time."



"This license agreement will further establish Playtech's presence in Asia and is in line with the company's ongoing strategy," he said.



"Playtech is increasingly Asian-facing and this transaction is another milestone in further diversifying the geographical reach of the business and its customer base."

dieter
22-12-2006, 11:09 PM
Friday, 22 December 2006
Media Release
Re: GoConnect’s gaming venture goes live
GoConnect Ltd (“GCN”) is pleased to advise that the company’s online gaming venture
http://www.pokergame8888.com has now gone live.
An online marketing campaign targeting a number of Asian countries has also
commenced.

dieter
04-01-2007, 03:59 PM
SSI delivers the China impact to Playtech’s Share Price

It is instructive to monitor the movement in the Playtech share price as a result of recent China related developments.

On 2/1/07 Playtech announced a further licensing deal with PartyGaming renewing Playtech’s licenses with various gaming sites purchased by PartyGaming by 4 years. This announcement was accompanied by media commentary that, as a result of Playtech’s recent landmark deal with SSI, Playtech is now well placed to help PartyGaming into China. http://www.online-casinos.com/news/news3708.asp Both Playtech and PartyGaming share prices have increased with strong volume overnight.

Since the SSI announcement, the Playtech share price has risen 24% with the stock’s capitalization increasing from A$1180m to A$1460m (A$280m increase).

The Playtech price is benefiting from the focusing of its activities on the Chinese market.

As Avigur Zmora, the Playtech CEO, is quoted as saying “Asia is the big story for Playtech right now. This is the most lucrative and fastest growing market and everyone wants to tap into it”

SSI has become the on-the-ground engine and local partner that drives Playtech’s China opportunities. Up to last night, the value placed on actual and potential China deals, as reflected by the movement in the Playtech share price, is approximately A$280 mil. If a similar value was transposed to SSI, assuming SSI and Playtech’s China values are equal under the agreement, this would represent over A$4.20 per SSI share, compared to the current market price of A$2.20 per share. However, SSI can be viewed as an even more direct and leveraged play on China gaming than Playtech.

dieter
17-01-2007, 12:22 PM
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