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"Publication of the announcement of the annual results for the year ended 31 December 2021 (the “2021 Final Results”) The Company anticipates that 2021 Final Results should be able to be published by end of May 2022.
Publication of the annual report for the year ended 31 December 2021 (the “2021 Annual Report”) The Company anticipates that 2021 Annual Report should be able to be published by end of June 2022."
were running out of time for end of may with only a few trading days left so lets hope they are sticking to current timeframes. hopefully recieve an RNS tomorrow/ friday regarding a board meeting to discuss/approve results and maybe mention of a divi
Is this really going to be relisted? I genuinely don’t know, but I’m pessimistic. I have quite a lot (for me) invested here, so I hope so. But the record of this company does not fill one with any confidence, sadly.
I do agree with many of the points above, however firstly all I’d like to see is announcement about a board meeting describing discussion of FY results as per timelines set out! If we start missing these then I start to worry..It needs to be announced very soon or May will have come and gone and then that’s when it starts to fill us all with that tinge of anxiety! Will we, won’t we.. Come on CNEL a couple more hurdles then all the above mentioned has true possibilities…
I remember it hitting about 1.2 on IPO launch before crashing when Double River started their mega dump. I think there will be a lot of sells when it starts getting up to this level. I don't think anyone would sell at 0.45 in light of the positive accounts, I certainly wouldn't - but there may be some resistance getting beyond 1.2. 1.2HK$ would be higher than it was in the UK before transfer. Let's hope and see what happens if/when we come back.
Totally agree Simms, pretty confident this will come back now (although not certain), but it might not be the rockets and booms we all want (deserve!) - not initially anyway. There will probably be many investors looking to get out all the way up to IPO price so it will need something to push it up and beyond this - and without a dividend not sure where this would come from. Paying a first dividend will set a future precedent and will probably unlock larger dividends in the future as the company organically grows. They are sitting on plenty of shareholders funds. The alternative is to invest to accelerate growth - but there is no clear plan to grow the business that requires investing all retained profits and I am sure the hydrogen projects do not need £20m of investment at this point.
I'm sure the accounts will be positive and show further steady progress, but I think IPO price will be a ceiling due to the collapse on listing. I imagine UK investors see AIM 8p+ as a trigger which was about the sustained highest it got before transfer. As things stand I'd be delighted with IPO price and would probably sell my modest holding at this point - but if the timelines are met, profits remain good and a dividend is offered I would probably stay in a bit longer, maybe another year or two. I suspect I am not alone in this regards. The Control Review will also influence my decision making - especially if it increases independent thought and input on the board.
The Directors run this business like a fiefdom - and the length of (and reason for) suspension shows disregard for both the exchange and shareholders. Ignoring the rules of the exchange shows there is no accountability in the business and is the behaviour of a sole trader acting like an ostrich with a tax bill. They have definitely taken some of the worst of an AIM mentality to HKEX.
In my view without the dividend that Richard B has initimated is seriously being considered and long overdue we face uncertainty relisting as the market will simply, and correctly, identify the duo who own this company as not acting in investors interests. We will have accumulated over $40m in profits over the years held in reserves but currently have a market cap less than this. That us bonkers but the BOD own most of company so they decide. no one can take them over unless the BOD want to be so that dividend is really important if they want to be serious and grow their business and raise their market cap towards $150m where they could be and raise serious cash to expand. Anyway order book was big and not aware Covid had any impact in China back end of 2021. Lets hopefully see improved financials and developments in Hydrogen and 1.5 and 2. Need to keep up pressure on Ivy and team to try and get message to the BOD.
im hoping that these full results are in the same way as the 6 monthlys. Cnel has got most of thier revenue etc within the last 6 months of the year in the past so one would think it would be the same for this year.
lets hope your right topmoney and we see a confirmation rns which means they'll still on track and keeping up with previous dates.
i cant see a divi being agreed this time round. if the company are able to come anywhere close to the £10M profit and relist soon after creating a jump in sp all will be forgetten about the past 2 years!! just hopefully they can pull it through this mess and for once return shareholders value.
Based on the fact that we got an rns on 3rd of may for 16th of may for the H1 21 results. I am assuming we are near getting an rns regarding the board meeting for the fy21 results in the next few days. The original schedule was that they would be released in the end of May. I think that ivy , Richard and the crew are being very quiet because we must be very close to getting to the finish line. Watch this space.