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Only a week left in September. I think that the powers that be know if they have landed the inner Mongolian project by now. Watch share price in the coming weeks. Remember if they land it we have only market cap of £20 million atm. Pathetic.
£30 million profit next year.
£9 million profit from share issue
£10 million profit from fy 2020
£6.8 million profit fy19
£5 million profit fy18
£5 million profit fy17
Share price should be a modest 4 times higher than it is now.
Worst performing IPO unfortunately, lets hope the BOD wake up and smell the coffee and get on the offensive soon as they can't justify bonuses at the end of the year unless they turn this around quickly.
Looks like the main BOD members had a bumper bonus year even if they didn't deliver SP value to investors.
The Group’s remuneration package remained relatively stable while the bonus, which is linked to Company’s operating result in 2019 as well as individual performance, met an significant increase. As a result, the total staff costs (excluded directors’ emoluments) increased to approximately RMB9 million (1H2019: 6 million).
So the company took a long time to issue the certificates to them and others!? It's ridiculous how long the whole process is taking. But if it wasn't for the poor sp I'd probably be more annoyed in that respect as it's likely going to be a long wait before fairer value here. So i'll hold for a few months yet. Hopefully not like AIM all over again.
Just read the official interim that came out as an official update a few days ago. Have to say based on the Covid short term stumble it still makes very good reading. The SP just needs to get a fair wind and we should see some value again.
This sounds very much like DeGiro with the only consolation being that they've now waived the admin fees for the change in exchange (very little difference there on the scheme of things)
The latest from ii
'It took longer than anticipated for the company to issue us with the
certificates for this. This has set back the process back several weeks
unfortunately. Things are in progress but I'm afraid the nature of the process
means we're not able to give a projected date as to when this will be completed
because we are not directly in control of much of the process'.
The link comes as a “protected tweet”. Anyone else have it?
Anyone able to trade shares with ii yet? my last communication from them was that they are still trying to transfer shares over! over 8 weeks now!!
The positive thing is global ethanol prices are staying reasonably solid.
Ridiculous sp...............all valid options, and sentiments.
Alas, still no shares in my ii's account-should I be Tempted/Cut Loss/Frustrated !
I am more annoyed about that-as cannot do anything.
Olde adage of advice-leave your shares alone, and revisit in a YEAR !
as people keep chasing the GAINs, they lose out monies by way of Charges etc
I am here holding still for the 20p value-
I think it will be laters, then sooner.
GLA the Brits
This is now comfortably the worst performing stock [in percentage loss terms] in my portfolio. My mental stop loss was triggered some time ago and I'm sure that plenty of holders more sensible than me will be getting out pronto.
The one thing that I have not lost sight of is the fact that the directors did a fantastic job of persuading new investors to shell out 8.28M quid at 10.2p a pop. Nobody is going to part with this much capital without carrying out very careful due diligence. Nothing has materially changed since then. That is why I intend holding.
The Current share price is ridiculous, if the chairman didn’t own so many shares he’d be out, that’s the unfortunate true as the company communication is incompetent. They showcased the move to the HKEX to boost the SP for investors and have done nothing to stimulate it after they failed to control the selling down of the loan shares on the opening day. I think the company performance is fantastic but the current situation in regards to the SP is incompetence unfortunately and should have someone taking responsibility for a huge failure to shareholders to deliver them value (the owners of the company).
I still have had no replies back to the communications that I sent. Absolutely disgraceful, I am getting extremely tired of this shocking lack of communication from the company.
Ridiculous. Sp now down to 0.35. Someone sold 748k of shares. Looks like more people from aim are able to trade and flogging their stock
I barely bother looking at the share price in Hong Kong at the moment. Its way too depressing. I fear a spike down much further when we get our share certificates as some holders will be looking to get out at any cost. Maybe the market makers in HK are aware of this and with the low volume keeping the SP at these lows. I am just hoping the BoD release some contract news flow once the aim sellers are out to at least get the sp here back to near the IPO Price. I don’t intend to sell at this ridiculous market cap so a mid term frustrating hold for me. I agree I am sure it was double river who sold out on IPO day leaving some very angry Hong Kong investors at a near 70% loss
Hi There, I am almost sure it was Double River selling down the shares which was always going to happen at some point but the BOD should have had some way of restricting it. I am almost sure the BOD are absolutely gutted as they would have given them the money direct if they had known what was going to happen IMO. As they could have easily sold a few more shares at the IPO for 10p and the share price would still be up there now.
I have been quiet on here as I check everyday still but have to be realistic this is a mid to long term recovery as the company will need to post some positive news and projects to start to swing the price back upwards.
The company value hasn't changed in my opinion from an investment perspective as the company is doing well and they are delivering solid profits, growth will stagnate for a 6 months due to the knock effect of COVID but when lots of companies are falling backwards that's a good position.
The BOD seem to be good at running the technical, sales and forward planning part of the business but should sack the marketing person and get someone competent as they have a lot to shout about but seem to sit on their good hand like a poker player who is ready to scoop the pot. Unfortunately we live in a digital marketing world now and being in the news is absolutely key to success.
One major bonus is that this share price can rocket in hours and it could recover 50% in an hours trading based on its volume when things happen, so I am holding firm and still believe the genuine SP value is still 12p+ even if its cheap as chips today.
Can you plz give us your opinion on gigantic share sale on ipo day, humongous share price drop. What do you think the meeting 2 weeks ago was about,When do you envisage action been taken by the directors or some form of rns about inner Mongolian project. That was supposed to be signed off by end of September according to the prospectus.
I have received the following from ( ii.co.uk ) today, I know some on here are in similar situations with Their brokers-
" Thank you for your secure message.
Our Corporate Actions Department have advised
we have received the new certificates for China Energy and they will be
deposited with our international custodian, this can take up to six weeks.
(a) When the stock has been re-registered it
will appear on your account.
(b) This particular stock is trading at the
moment, however we have to go through the process of re-registering the shares
with the international custodian. "
So, that's as far as they commit-PANTS, really, and actually No use to a Customer !
All they do is Trade shares-it's their one only Business- and they still cannot give an answer !
This is the exciting flashing “New” on the CNE website. Its some worthless certificate they probably paid to get that they got last year. Simply shocking they put that as some major news announcement?
On August 27, 2020, after a third-party organization commissioned by the Huangpu District Science and Technology Bureau of Guangzhou City to organize screening preliminary evaluations, expert reviews and public announcements, Guangdong Zhongke Tianyuan New Energy Technology Co., Ltd. passed the "Gazelle Enterprise of the Year 2019" It was recognized that it was listed on the “Top 20 Gazelle Enterprises” and won the plaque of Top 20 Enterprises. This is the second consecutive certification since 2018.
All common sense would point to a legitimate company with substantial cash in the bank and with substantial contracts going forward. Why take the company to hk. It cost a million to do so. A million of shareholders money. Have the directors had there cake and sitting pretty. Laughing at us. Remember they own 70% of the shares and 25% were traded on ipo day. Did they get their buddies to cash in shares for them. Then let us all fester and jump when share price is rock bottom so they can buy in again and enjoy the fruits. Something very conniving is going on. Nothing else can explain the chain of events unfolding. It's like the directors are watching the ship sink from a lifeboat waiting for all shareholders to jump to the sharks only for them to come back on board, close a few trap doors and sail away into the sunset leaving us all to drown. It's very worrying. Time for a hk stock exchange investigation to be launched. I am giving until the 10th of October for action to be taken by directors or I am going to the regulatory authorities. A company going public is to keep things in the public domain. Not holding all the aces in backroom of a poker club. I am done with being treated like a mug by this company. They are bringing trouble now. All we want is a bit of clarity on contracts and timelines that have already been agreed. Its not inside information.
Where did you hear that from? I was going to start calling the company to find out a little more but good to know if you have heard this specifically but this specific type of PR role is remote so should not be impacted and would not take long to organise. I sent emails to a number of people including Richard. This was before the AGM and i initially i got a 1 line response saying he would get back but have chased but he has gone quiet so sadly cannot share anything. i just wanted an update on the outcome of the AGM that in reality shareholders should be party to. The radio silence is unnecessary and organising to get an RNS out is not rocket science. This really starts to feel like poor management at the top of the company that needs to get nipped in the bud. I would certainly expect a 1 pager on every project they have built or are building on their website to give a sense of momentum more because i know it would help CNE drive sales enquiries. Today if you were a company outside of China looking for Ethanol production one look at CNE and you would move on as it looks they do not even have a single customer from their website and the UK website is completely out of date. This to me explains why CNE have 95% of business inside China only today.
Maybe nothing, however when you click onto the site there is a flashing ‘new’ on the front page,can anyone convert to English. As it seems updated?
Again maybe nothing, I’m just probably clutching at straws as I wake up every morning and watch this sadly fade away at present! This company looks so good On paper please someone tell the market...
The website to follow for CNEL is: http://www.zkty.com.cn/ but I'm not sure if it's up to date.
One of the reasons for the limited news to investors is the lack of a new investor relations team in HK, which was supposed to be set up from London after the listing. But I imagine quarantine etc has slowed things down. And with no IR team -> no announcements...
Simms when did you send your communication to the company ? And who did you get in contact with?