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Quite positive that it looks that CNEL will release H1 results before relisting at end of August. If if can provide clarity on delayed projects and update on all their developments then it could ensure that insiders at CNEL will have less opportunity go benefit. My suspicion was bod were orchestrating a plan to buy back shares from pis at low values and well still be planning this but we will see end of month how the board presents the results but potentially it could show a reversal of fortunes as surely delayed contracts will have started and its development work will be bearing fruit. To me this feels we are close fo relisting but did it really need 18 months to do so and really the board appears to have not learnt the importance of transparency. Lets see how the results bear and how open they will be to share projext updates.
i hope the results are good. they havent realised another blow in the form of a profit warning so fingers crossed. no update on relisting which is shocking. could of at least gave an update as there hasnt been any news released to say they have sent away the proper paperwork and in contact with the HKex board etc. nothing. only going on what people have mentioned here that they have already sent applications for relisting away. i would rather see if in an RNS form which has been nothing.
sept is just round the corner so i hope these results are fantastic and they relist soon after. may open up well if thats the case. i just pray the BOD dont shaft us all and we get delisted. im not 100% sure that wont still go ahead but heres hoping its not the case.
i think the rules of the hkex are different to london in that they only need to provide results. I do not think there is a requirement to provide such news updates through official channels. if you look at established companies in the hkex it just seems to show only results. i think the H1 results being released early speaks volumes as it is either Hkex request or the bod needs to provide an update.
Maybe the results are needed to be able to set the share price value for re-trading. If they were about to drop off the exchange it seems a waste of time issuing them early. Maybe it’s a good sign of things to come, but either way it’s going to the wire.
If its 18 months from 1st April i presume that gives a deadline of 30th September so if results come out end of August we should have good time to return to the Hkex. i do wonder if exchanges can also extend that period in some cases but given results being released almost 1 month early this shows compliance. the point in recent RNS about dividend is a little bizarre but if those delayed contracts come through it could fix the gap from last results. only a week to find out where we stand financially and hopefully the board will provide a proper update narrative as they always skim over details of what they are up to. What is Sunbird deal, what is state of their hydrogen tech, what about innovations on 1.5 and any deal with Mitsubishi and global deals they were pursuing etc. These are key to help investors understand the long-term future and if the PRC are slowing ethanol production then what about ROW who are going for E10 and beyond and surely Ethanol demand will double over coming years as the blend goes from 5% to 10% and upwards. For me its obvious demand for Ethanol is growing hugely and is their supply capacity and infrastructure to make that happen?