Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors. Watch the full video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
so why is it currently NT to sell at 4p yet can buy at 6p ?
They can't afford a buy as this would go straight to the top of the leader board and get people interested, they must have some shares tucked away they would prefer to keep rather than sell maybe.
200% spread haha... thats nuts
They are driving down the price as anyone forced to sell by close today will have to take whatever the price is on offer and brokers aren't allowing buys. They don't care as the company has just stuck two fingers up to the London market this morning.
This is ridiculous!! Who’s shares are they after??
WTF ?
140% Spread now, they are keen to make a fair market place.
Simms, am i correct in assuming the liquidy will be similar to aim then? In fact a little more?
HK was 9.6 times oversubscribed. main investors locked in until middle of 2021 and this was an interesting and repeated paragraph
"Assuming that all Shares listed on AIM (excluding those Shares held by Tewin
Capital, Tonzest Capital, Best Full, Kapok Capital Management Limited, Jojo and
Mr. Richard Antony Bennett, for details of their shareholdings, please refer to the
Prospectus) are being held by one individual, the shareholding of the Company
will be highly concentrated at approximately 95.59% for the top 25 Shareholders
upon completion of the Global Offering. In view of such high concentration of
shareholding in a small number of Shareholders, Shareholders and prospective
investors should be aware that the price of the Shares could move substantially even
with a small number of Shares traded, and should exercise extreme caution when
dealing in the Shares."
allotment results are an interesting read
https://www1.hkexnews.hk/listedco/listconews/sehk/2020/0714/2020071400104.htm
So we have raised £11.5m cash, removed debt, have a boatload of orders in the pipeline and profit growth of 50% and presumably news releases to boot. and did i mention increased shareprice to 10.2p. That is a pretty nice place to be for any investor. With the growth in demand for Ethanol within fuel rising globally to help clean up the air and this is set to rise from 5%-10% in China we are surely at the start of growth globally. There is also the potential Covid kick as Ethanol is the main ingredient in Hand sanitiser so although CNEL does not talk about that i am sure its customers are looking at this growth market as a litre of hand sanitiser must be a lot more valuable than a litre of fuel. What is not to like.
Sorry I have been away this week. I was hoping we would have heard more news. Come on CNEL, come on HKEX ! My gut says no news means they are working through the placing and that this is going forward as planned. Albeit quietly.
Who knows for sure what the protocols are here as its a rather rare transfer over to the HKEX but you'd like to think the BOD would be obligated to tell AIM if its not happening just as much as they would need to say that it is. Although all the brokers seem to think this is signed sealed and delivered as they have almost all shut up shop on AIM now.
So basically if they do not release news tomorrow morning it is good news and if they do release news it is hopefully good news. if i can pick might go for the former just to take the weekend easy but presumably some people can trade regardless but suspect those pesky MMs can make full use of the time lining their pockets while pis cannot!
It would be courtesy though to let AIM investors know first thing tomorrow as HK is 7 hours behind that at least a price has been agreed and the move is fully confirmed to happen on the 15th July, although I am not sure the BOD will be in a rush to update AIM.
I think they will announce it on Tuesday 14th at close of play on AIM and then it will go on to the HKEX at opening bell of the 15th July. That way there aren't ever two different prices in play. Although if we don't hear anything on Friday it could be assumed that everything has gone through as the decision is made tomorrow and the BOD would have to say if it wasn't happening to AIM. Although my personal opinion is that this is all done and dusted, just waiting for the actual disclosure of the opening price to be officially announced.
Will we actually get told anything tomorrow other than if we didn’t make it into the HK stock market or will hear that we have?
I understand the price is to be determined on or before the 14th, I’m assume that no news is good news tomorrow?
I am keen to know the approximate theoretical date when CNEL would need to do its first trading update on HK as for me that is a key date as we know they are having a bumper year and a growing order book so confirmation of that and updated net profits would be encouraging and could well underpin a re-rate and further improvement in the price.
I can't decide whether to pump more in. I am already in for a decent amount.
you can buy and sell up to 4.30pm tonight on HL. i thought it was friday today so read the message earlier thinking i would of already been locked out. but got today left.
Hertstrader74, try again if you're still keen? I was just able to buy 15k on HL at 6.35. Last day of trading, according to their note
so by 10am tomorrow we will defenitly have news one way or another. my guess would be a RNS at 7am.
like you hertstrader i cant do anything now. just need to sit on my hands and hope its a good ipo and a lot of momentum building sp towards 12p.
then comes the desicion do i sell when HL allows it or do i hold and see how they grow on HKex... not sure yet!
Well nothing I can do anyway. Can’t buy or sell with HL.
Its 5pm tomorrow deadline for price determination. All IPOs i can see take at least 3-5 days to get determined.
“The Offer Price is expected to be fixed by the Price Determination Agreement between the Joint Global Coordinators (for themselves and on behalf of the Underwriters) and the Company on the Price Determination Date. The Price Determination Date is expected to be on or around Tuesday, 7 July 2020 or such later date as the Company and the Joint Global Coordinators (for themselves and on behalf of the Underwriters) may agree which shall, in any event, not be later than Friday, 10 July 2020. If, for whatever reason, the Joint Global Coordinators (for themselves and on behalf of the Underwriters) and the Company are unable to reach an agreement on the Offer Price at or before 5:00 p.m. on Friday, 10 July 2020, the Global Offering will not proceed and will lapse. In such event, the Company will issue an announcement to be published on the Stock Exchange’s website at www.hkexnews.hk and the Company’s website at www.zkty.com.cn.
The Company expects to announce the final Offer Price, the level of indication of interest in the International Placing, the level of applications in the Hong Kong Public Offering and the basis of allocation of Hong Kong Offer Shares on the website of the Company at http://www.zkty.com.cn and the website of the Stock Exchange at www.hkexnews.hk on or before Tuesday, 14 July 2020.”
No RNS so at least there shouldn’t be bad news