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excellent set of results. and like simms mentioned with a £10M net profit would put us on a PE between 3.25-3.5. thats crazy undervauled on a growth stock which has been growing profits year on year. if we were trading on AIM still that kind of profit should of made the SP jump to 15-20p (we got suspended around 5p /0.45HK$)
this is so undervauled its crazy. in any nornal market we shpuld be seeing an increase x3-x5 of currrent SP. but this is CNEL and although the BOD and chairman etc cleary knows how to deliver they lack on the communicating side of things and shareholders only find out how the company are looking every 6 months when results are published.
lets get back trading on the exchange CNEL. super set of results shouldbt go unmissed when we return to market
They spent about $4m and 4 years planning to move to Hkex. If they wanted to delist they had no better time to do that when they left the LSE as CNEL was worth tuppence. Instead they raise cash at 10hk on hkex and then screwed their countrymen over who invested as shares were 50% less before suspension. I just do not see this outcome be their intention. I would really like to see a video of either of the duo to understand who they are as they are clearly very capable but lacking entirely in basic investor relations as anyone would be talking about their growth story and Hydrogen etc in a big way. If board wanted to take private they could announce a share buyback and simply hoover all the cheap shares and use some of the $37m of accumulated profit.
It’s a good question which I have deliberated often, especially after being fooked over by Atlantic coal who did similar!
Excuse my ignorance. If CNEL are doing as well as this indicates, what is the incentive for them not to deliberately get de-listed, lose all PIs and help themselves to a big pay day?
But my goodness so much going on but nobody outside of the company would have a clue as we only learn about Yoga and coffee mornings. How is that allowed as surely it opens the company to claims of insider trading? However the numbers speak for themselves so the duo are thankfully delivering where it ultimately matters and numbers should get bigger based on that order book from the year end and from the further orders in this half year. if we hit $10m net profit this year we are on a PE of about 3.5. That is ridiculous for a company so far ahead in many respects and moving into Hydrogen and 1.5 and 2. They should have a PE of 10-20 or more? Had to chuckle, albeit cry, when i read 2 PR contracts miraculously returned all money to the company. Very benevolent of the recipients or they had no choice :) Marketing and admin are also down as i hope the auditors are keeping a close eye on our duo at the top and their nepotism etc. As expected our largesse of expense on "PR" in India has so far generated 0 sales but will hold back until we see the finals so there is still time for the duo to somehow substantiate some if any of their PR bears fruit. A rocket return to the HKex now greatly relies on the board declaring that final dividend for 2021 to show a sign of confidence and draw a line under this mess. Today they have more accumulated profit than is the total market cap of the company and that is absurd for such a fast growing company in some of the best growth markets today and in the future. will the board finally declare a dividend as it is long overdue and surely if they can boost the market cap by 3-5x this year they can carry out a placing and grow even faster. today their market cap is so low it is nonsensical to do a placing.
£4.1 million profit. 11 contracts signed worth £18.9 million. Acquisition of 51% stake in hydrogen business. Great future ahead. These boys know how to do business. We are heading in the right direction. 1.5 and 2 gen tech also mentioned. We could be ready to exceed £10 million net profit 2021.