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Well, this is certainly all very odd. I am watching with fascination at people buying and selling these. I honestly don't have a clue what will happen in 2 weeks.
Well if they don't get wh Ireland there is always ZAI..they like Chinese companies!
sure is! its a wonder anyone is buying at all must bode well that they are my hunch is ace will hire wh ireland to be their nomad as well as broker
Is dirty though!
was definitely a buy.........no way the price would be up otherwise was done when price was 40 - 80 lse should have at least listed it as an unknown trade but deffo a buy all the same imo someone knows something and its good news :) hold onto your hats this is going to rocket!!!!!!!!
nominated advisor damn mms still market us down 20% and their ended up more buys than sells!
What is a nomad?
oops spoke too soon! more sells than buys now well on the plus side, any good news and this will rocket
with plenty more buys than sells 2 weeks left before suspension - if they don't get a replacement nomad VERY quiet here - are holders still alive?
Well done multibag, lets hope and pray its true! Only got 7k on these but would like to keep it! Considering they were over 30p not long ago its a joke, pretty much over cashflow issues! The balance sheet is crazy imo, we could see a big re rate if it comes off!
They finally replied to my email - hmmmm they seem pretty sure they will be getting a new nomad "Hi Andy, Our office is closed for Chinese New Year until next Monday. Meanwhile, our management are still in discussions with potential nomads and will announce once we have secured a new nomad. Yours sincerely."
has any one tried ringing Raphael? I mean anyone thats on the level that is
to clarify ive only invested another 5k so there are plenty more buyers I should have said some of the buys are mine not many I will buy more if I can free up more funds
Cheers eggs1
pretty much word for word as my email reply
many of the recent buys are mine. I'm highly confident that this will indeed bounce back (just like my lse moniker) word in the industry is that they strongly disliked GT's nomad fees thus they will announce a new nomad shortly.
Very interesting. You did well to get a reply given their poor record re comms. Hmm could bode very well.
It was a typically vague and generic email response so I don't see why not: Basically stating they were unable to comment on why the nomad had resigned from ACE They are in discussions with other Nomads and hope to get them to act for the company in the stipulated time period. In light of this management stretched to resolve it but when time permits will prepare the trading update for release.
Can you share the detailson the bb of the email pal?
I agree there was some incredibly strange large trading the days prior to the nomad resignation which only serves to question my view on this company further. No mass sell off just a quickly dropped bid accompanied a few small panic sells. A steady stream of buys and no real bounce since. The whole thing is shrouded in mystery. I bought in anticipation of a trading update this month as we had one last year Feb and then this nomad resignation rns dropped so naturally emailed the company. I am taking them for their word when they say they are in discussions with several nomads and will release the trading update when time permits. Have not been invested in any companies facing a similar situation so no personal trading experience to draw against with this one. Hopefully it works out for all invested though.
some guy pumped 15k in 3 days before the nomad resignation rns! hmm think theres a bit more to it, yup some are definitely having a "punt" but im stunned there hasn't been a mass sell off in all honesty. Think we may good some very good news, only time will tell. If we do get news within a week it could only be good news as they still have 3 weeks to find a new nomad.
The buys are nothing more than punts imo. Not exactly big money and everyone seems to have the same thinking here. 3 weeks left to find a replacement nomad. Pretty much a gamble but one that if pays off from here is likely to result in turning a small amount into a large amount. Expecting an Rns next week personally. What it will say is anyones guess. The gambler in me has had a small top up last week at these levels but only to the amount i could stomach losing. Whatever happens this stock has been a learning curb from here i will not invest in Chinese companies again.
Every single trading day since the nomad announcement there have been way more buys than sells - the pattern continues today. Dare I suggest there may be life in the old dog yet?
It's interesting that there still seems to be some life in this. I think I will wait though until there is an RNS before considering coming back in. The spread is large and there isn't long to wait before we know some hard facts. Good luck to those still holding.
if you like - whatever floats your boat :)