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This share will gap up nicely from closing price if it gets relisted again.
Another one…
Great to hear even more progress. Watching and waiting. The website is really interesting. Have a look.
seem to be some good news:
https://*********************/newsfeed/article/cindrigo-hldgs-ltd-annual-financial-report-danir-ab-finance-1932577
however, i can not find the information on their website.
It’s July now. Any update on relisting?
I just started following Cindrigo myself and I'm feeling very bullish on the company's future, especially with the recent news about their partnership with Kaishan for geothermal power projects in Europe. It seems like Cindrigo has a lot of potential for growth, especially in the renewable energy space. I'm looking forward to seeing them relisted so I can take a position.
Do you have any additional insights or information about the company that you'd be willing to share?
Anyone still following this?
Have been reading the recent news releases.
Should be relisting anytime soon. Original price for admission of new shares was supposed to be £2.67…..
Carrying on where CHAL left off...
'We can be on the stock exchange in 6 to 8 weeks...'
Six months later and still waiting.......
https://www.lse.co.uk/rns/CINH/acquisition-of-ees-dravacel-energetika-doo-pn0974umv9k6s7g.html
Good luck with the business MRRALF :)
History:
Cindrigo has focused on Waste to Energy with a focus on Eastern Europe and start in Ukraine, the need to take care of waste in these countries is enormous and that was one of the reasons why Cindrigo chose to invest in Ukraine. Unfortunately, there were two major setbacks in recent years, which were Covid and the invasion of Ukraine, hence there were delays in the stock market process and when Russia invaded Ukraine, Cindrigo stopped this process.
Present:
If we look at the turn that Cindrigo has made recently from being completely dependent on Ukraine, it has gone fantastically fast and the board / management has worked very well and efficiently, which is important when running a business, Cindrigo has had as ambition to broaden its energy portfolio a few years ago and it was the right decision. Now Cindrigo is equipped for the future with agreements on Geothermal heating projects in Europe, Ukraine will remain as a future project until it becomes stable in the country. The management has come so far that an update of the prospectus is submitted next week / week thereafter to the FCA, if all goes well, I think we can be on the stock exchange within 6-8 weeks, absolutely before the holiday.
Cindrigo has already finished with major agreements and it looks like below, normal construction time for a power plant of 20 MW is 12 months until cash flow.
Clear agreement of 60 MW
• 60 MW ready with land, boreholes are available, state price guarantee gives in profit before tax 36 MGBP per year. (Depends on the ownership distribution in the power plant).
- These first 60 MW will probably be built faster than 12 months because there are already boreholes.
Upcoming agreements in 2022
• 200 MW within 12 months.
Upcoming agreements before 2025
• 400 MW within 36 months.
Upcoming agreements before 2030
• 1000 MW within 8 years.
https://finance.yahoo.com/news/3-renewable-energy-stocks-buy-203720203.html?guccounter=1
https://finance.yahoo.com/news/3-renewable-energy-stocks-buy-203720203.html?guccounter=1
When is this actually going to list - any ideas???
Cindrigo is a company that dont stand still in the market , they are seeking new business opportuniy, see latest news, https://www.cindrigo.com/wp-content/uploads/2021/11/option_agreement_international_energy_developer_30.11.21.pdf
According to the latest information, the company will soon be ready for listing on the LSE. This will be very exciting to see what the company will present in connection with the listing. Existing business areas so-called waste to energy and new business areas within environmental energy.
Yes and I know they will complement with other energies.
Thanks for sharing this link MRALF. Appears that the company sees itself with a 600 million USD market cap by end of 2021 (actually significantly reduced due to Covid), which is approx 4 USD per share. In the coming years it sees itself as a 5 to 10 billion company.
When you come https://www.analystgroup.se/bolag/cindrigo click on "analytikerkommentar" and after that click on "läs kommentar" and there you have the updates comments about Cindrigo
The Company have done an RTO of Challenger and the last valutaion of the company that have been done in december 2020 was 4 USD/share. https://www.analystgroup.se/bolag/cindrigo/
Slowly coming together then....
One thing I'm still unclear on is the set price of the new shares of cindrigo post Chal consolidation. A previous RNS mentions 1.07 GBP.... Anyone help to clear this up?!
:
https://www.londonstockexchange.com/news-article/CINH/acquisition-update/15151888
From memory it was consolidated at 266:1 with a planned price per share of 1.07 GBP before the reverse takeover.
As per RNS of 5th August...
"The Company's readmission process of the Company's shares to the Official List of the London Stock Exchange (by way of a Standard Listing under Chapter 14 of the Listing Rules) and to trading on the London Stock Exchange's Main Market for listed securities (the "Listing Application") is ongoing."
As of RNS on 3rd August...
"the Company now expects the re-admission of its ordinary shares will occur towards the end of August or in September 2021..."
Glad to see my holdings in Chal will actually have some value soon!
I recall the opening price should be 1.07GBP from a previous RNS?