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When are we
Expecting the results
Exciting times on paper and lets hope dividend is announced. That is the game changer to some extent as market are kept in the dark. Interesting articles on massive ethanol buying from US with recent purchase last few days more than entire 2020 from US. My guess is China is stockpiling ethanol for E10 mandate and worked out what they need on top of domestic production to make it happen. If its true China will be surely building or planning to build 100s more Ethanol plants. Otherwise why buy so much Ethanol? why CNE does not release news on domestic plans its beyond me and instead tell us about tupperware parties. Getting pretty brassed off by utter silence from CNE and the finals better be impressive on future game plan and market dynamics.
Last few yrs results.
6.8m
5.2m
3m
0.4m
This years profits are roughly 6m to 7m based on perspectus.
Ipo 9m.
So technically speaking we have over £30m dry cash. With backlog of orders and expensive costs of ipo out of the way then fy 2021 should be around 12m. So technically investors in the next 2 weeks are going to be looking at a company worth £25 million market cap. Having cash in bank of £42 million. Now throw in
Zeolite dehydration membrane device.
1.5 generation R & D national project well underway and the possibility of blockbuster contracts from inner Mongolian project and possibility of indian contracts. I would be shocked if we don't get a market cap of p/e 10 which would be £70 million. Obviously dividend announcement will also help. If a dividend is announced, profits of £7 million, inner Mongolian project won then we are minimum share price of $1.2 by close of business today week. Ppl must remember that ipo investors were looking at long term share price and not short term. Although it has been 9 months from hell, it will be all worth it if we get an avalanche of good news at fy results. If you were a bod in cnel you would have made the same plans. Legacy of aim shareholders had to be dealt with and I think the aim shareholders that want a quick buck are gone or will be gone in coming weeks. I am very excited about it. I have been predicting this since Nov
Could well be nervous investors and AIM holders selling out during this prolongued pullback, i did expect a drop back to mid 0.4s but was expecting this to start rising into news. Could well be HK investors have heard results are on track, but no dividend. For the love of Christ, the BoD just do not help with radio silence as no one has a clue what is going on apart from a tweet a month or so ago saying things were on track. As long as there are no nasty suprises in a couple of weeks with the end of year results, todays vaaluation is completley absurd
Current market cap is barely over a forward PE of 3 according to stockopedia which is almost criminal and probably not ever come across a company valued so low given expected profitability for a cleantech growth stock. A forward PE of 20 would not be out of place. Lets hope CNE announce a divi as i dont think we can rely on the company to engage with investors and its easiest to find dividend hunters. While we can dream CNE bod might start to communicate commercial news and raise company profile history seems to say otherwise. Come on BOD its not too late to turn this around and raise market cap to £100m and then raise some cash and grow faster.
https://www.stockopedia.com/share-prices/china-new-energy-HKG:1156/
I’m pretty sure a lot of aim holders have been selling out over the last few weeks creating this overhang as the sp falls back. Should it be trading this low at all and one would like to think it should rise again before the results. Very frustrated at the radio silence as no one has a clue what is going on. Current market cap valuation is a joke
Hopefully that drop earlier to 0.44 was the bottom of this week long sell off. Results had veered be encouraging
i wouldn't be surprised if the mm's were in a collecting stage just now taking up a holding phase ready for the results to offload when there should be an increase in volume. the buying at the 0.3$ was too heavy to not mean anything. whoever was buying, bought from the 0.3$ lows all the way up to 0.7$ then they stopped for whatever reason. if CNEL were still trading on aim i would be verging on the thought of that it could of been a pump and dump from the lows but i dont get the feel HK is like that. just strange that someone was collecting everything and had relentless buying since end of jan. and now theyve stopped mms can easily walk this down collecting shares ready to let it go again once the news comes out. unsual trading pattern and when something doesnt make sense it usually means someones got a lot more info than you and wont actually see what the mms are up to until its too late.... good results by 3 weeks and this should easily head back to 0.7$ highs again and retest for a breakout.
who knows whats going on!!!
Volume is slightly improving today and while down to .5 the volume should pickup. Its possible that the tick down today was partly because some investors 4 weeks ago who invested might have expected more news on Ethanol mandating but i cannot seem to find anything. The general consensus was perhaps the China plan was a little underweight on reducing coal power reliance but at the same time while nothing has come up about Ethanol the evidence of a strong push is shown from large ethanol buying from the US and so forth and therefore i suspect while they might have reduced their reduction on coal they might try and make up with quick fixes including Ethanol as that is really a no brainer when it comes to air pollution and something that is an acute problem in a lot of the urbanised areas. as you say just a few weeks left and hopefully all the news will create a new investor base and both profitability, buoyant news on prospects and dividend might be announced. With most investors buying in at the IPO stage at .98 there is still a long way to go and i am sure CNEL have plenty of face saving if they were aware of Double River stagging the IPO with disastrous consequences. Normally the CEO would have come under huge pressure from investors to have such poor handling of that deal and really owes to those investors to make serious amends. I do feel the next few weeks we should see more volume and a better rise upwards.
For sure a lot of the recent selling will be disgruntled ex sun holders selling out at the recent rise. Will be interesting to see if the big buyer comes back later in the week. Seems folly to me selling with just 3 weeks till the end of year results
They want to get rid of us AIM investors before the rocket takes off, that's why it makes no sense
13% down. What is going on. A shake or sell off? The valuation is a disgrace and the worst ipo ever surely. I would have expected investors buying in for results not the sell off over the last week or so
Someone has brought share price up to $0.55 every day at close this week. Looks like a game tbh. Either way. 3 weeks left