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https://www.hkex.com.hk/Market-Data/Securities-Prices/Equities/Equities-Quote?sym=1156&sc_lang=en
Financial Statements/ESG Information - [Interim/Half-Year Report]
Interim Report 2022 is out
If it was 18 months of being suspended at the September mark, and 18 months is the limit before being delisted, when do we expect to be back on the market.......if we get relisted.
We have ticked all hkex technical boxes as far as i understand. We must hear soon on progress but second half of year i am sure will be a good one as all the pipeline of projects were only delayed. One small silver lining is HKD is 15% up on sterling so if we get some decent news to confirm second half of year is robust it would change things.
mines been like that since they stop trading, i am with ii as well
Unfortunately i think the moment we left lse we lost out! really hope im wrong
Is that ii? mines the same, think any sell order would be placed and only go through on re-listing
Are we going to be robbed?
Hi everyone. I just checked my share dealing account and it gives m the option to sell CNEL and gives me a quote with HK rates and everything. Can anyone else sell theirs or is it likely that this is purely an order that would be executed once it's not suspended?
I am expecting hkex to agree listing now these results are out as i am sure the reason for the early release was because of hkex request. Certainly hope so anyway as this is madness to have taken 18 months. Management have a lot to answer for and these drop in revenue and contracts cant have been helped by this suspension as it would make companies wary what is going on. Really quite appalling but maybe some end is in sight.
CONTINUED SUSPENSION OF TRADING
At the request of the Company, trading in the shares of the Company on the Stock Exchange has been suspended from 9:00 a.m. on 1 April 2021 and will remain suspended until further notice. The Company will publish further announcement(s) to keep the Shareholders and the Company’s potential investors informed of the status and development of the Company as and when appropriate, as well as announce quarterly updates on its development pursuant to Rule 13.24A of the Listing Rules.
Shareholders and potential investors of the Company are advised to exercise caution when dealing in the shares of the Company.
While not exactly a stellar half the future is a little brighter but work to do
https://www1.hkexnews.hk/listedco/listconews/sehk/2022/0829/2022082901726.pdf
“In the next few years, the application and development of new energy production technology will enter a new stage. The Company will seize the historic opportunity to actively develop new technologies and new business relying on its leading position in the industry. The Company maintains technical advantages in the fuel ethanol market and will expand the current revenue structure by increasing more technical service income from the upgrades in generations 1.5 and 2 for cellulose ethanol and other chemicals. In the future, the Company will further strengthen the construction of marketing team, continuously improve the depth and breadth of sales network, maintain good relationship with existing customers, and actively expand new customer portfolio and explore investment opportunities in related industries. It can create a strong marketing team and market channels with market influence. Based on past experience, the Company’s performance in the second half of the year will be much better than that in the first half, so it is expected to reduce losses in the second half of the year.”
Awesome, thanks
I don't think you can post links here but the updates are released on the HK Stock Exchange news website.
www1 dot hkexnews dot hk
From the menu you can view releases by company and their "stock code" is 01156
Apologies if this sounds stupid but where are you getting the updates from as I only use Stockopedia and don't have the Chinese markets as an option. Are you simply going on the company website or is there a reliable 3rd party website that shows updates.........I can't find anything about them on Google.
The only slight positive is they still talk of delayed than cancelled contracts and ultimately Ethanol demand globally is expanding so you would think even basic marketing should bring in projects. Still no idea about Sunbird deal and any expansion and while China has had their Covid moment it has presumably ended and Ethanol is not going anywhere.
Not ideal by a long way and frustratingly does not even try to talk about future pipeline and contracts but lets see what the report says as it looks the board are only too comfortable keeping on a dour face. it maddens me that millions thrown at so called PR in India etc has achieved nothing and we probably all know why. its a small loss in reality at less than £1m so its an improvement on the final 6 months of last year
Brilliant.... another profit warning just issued with a loss in the period up to June 22. Issued ahead of the results review on 29th August.
If this does get relisted I don't expect anything positive for the share price.
If its 18 months from 1st April i presume that gives a deadline of 30th September so if results come out end of August we should have good time to return to the Hkex. i do wonder if exchanges can also extend that period in some cases but given results being released almost 1 month early this shows compliance. the point in recent RNS about dividend is a little bizarre but if those delayed contracts come through it could fix the gap from last results. only a week to find out where we stand financially and hopefully the board will provide a proper update narrative as they always skim over details of what they are up to. What is Sunbird deal, what is state of their hydrogen tech, what about innovations on 1.5 and any deal with Mitsubishi and global deals they were pursuing etc. These are key to help investors understand the long-term future and if the PRC are slowing ethanol production then what about ROW who are going for E10 and beyond and surely Ethanol demand will double over coming years as the blend goes from 5% to 10% and upwards. For me its obvious demand for Ethanol is growing hugely and is their supply capacity and infrastructure to make that happen?
Maybe the results are needed to be able to set the share price value for re-trading. If they were about to drop off the exchange it seems a waste of time issuing them early. Maybe it’s a good sign of things to come, but either way it’s going to the wire.
i think the rules of the hkex are different to london in that they only need to provide results. I do not think there is a requirement to provide such news updates through official channels. if you look at established companies in the hkex it just seems to show only results. i think the H1 results being released early speaks volumes as it is either Hkex request or the bod needs to provide an update.
i hope the results are good. they havent realised another blow in the form of a profit warning so fingers crossed. no update on relisting which is shocking. could of at least gave an update as there hasnt been any news released to say they have sent away the proper paperwork and in contact with the HKex board etc. nothing. only going on what people have mentioned here that they have already sent applications for relisting away. i would rather see if in an RNS form which has been nothing.
sept is just round the corner so i hope these results are fantastic and they relist soon after. may open up well if thats the case. i just pray the BOD dont shaft us all and we get delisted. im not 100% sure that wont still go ahead but heres hoping its not the case.
Quite positive that it looks that CNEL will release H1 results before relisting at end of August. If if can provide clarity on delayed projects and update on all their developments then it could ensure that insiders at CNEL will have less opportunity go benefit. My suspicion was bod were orchestrating a plan to buy back shares from pis at low values and well still be planning this but we will see end of month how the board presents the results but potentially it could show a reversal of fortunes as surely delayed contracts will have started and its development work will be bearing fruit. To me this feels we are close fo relisting but did it really need 18 months to do so and really the board appears to have not learnt the importance of transparency. Lets see how the results bear and how open they will be to share projext updates.
Of course RB knows what’s going on, these chancers have all known what has been going on, their end game has been known from day one of this whole debacle. They have been gearing up to shaft all of us (not sure how just yet) but you can guarantee they will walk away with loads of cash!
Richard Bennett knows what is going on but i reached out to him and no response. He is also chairman of Sunbird but also no concrete information as to these contracts with CNEL and whether these are the fabled delayed contracts or not. Its a mystery as in all updates Sunbird is never mentioned? while i do not know the ins and outs of relisting CNEL have provided the absolute basic technical requirements but they fall a long way from the spirit of transparency and ensuring pis have as much information about contract signings and developments as insiders and contractors meaning others csn trade wirty a considerable advantage while pis know very little detail to make sense of the recent profit warning as 2 delayed projects are less problematic as 2 canceled contracts. I am sure the HKex are telling CNEL to release news updates to avert conflicts of interest and potential insider dealing.