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£4.1 million profit. 11 contracts signed worth £18.9 million. Acquisition of 51% stake in hydrogen business. Great future ahead. These boys know how to do business. We are heading in the right direction. 1.5 and 2 gen tech also mentioned. We could be ready to exceed £10 million net profit 2021.
They look great! On face value.. Someone with a bit more objective view could give us a real lowdown?
Or are they as good as I think? That’s certainly got my attention, let’s just deliver the hydrogen tech in the second half results. Exciting right?
Another excellent set of results showing good progress. But no interim dividend and no further news on resumption of trading.
Back to sleep until next scheduled announcement.
Wow. looks like they smashed it out of the park
https://www1.hkexnews.hk/listedco/listconews/sehk/2022/0516/2022051601028.pdf
Results out on HKEX
Super exciting. All we know is that they had €86 million in backlog of contracts. Were these fulfilled. Was there new work from dehydration membrane device. Was the national development project a success? We mightnt know all tomorrow but should have good indication for end of the month.
Fingers crossed. It would certainly provide a bit more confidence in the timeframes proposed and the fact that we might finally relist.
So,tomorrow is hopefully the day we start to understand the direction of travel. This is the first time we will really start to see the potential or not!. Also hopefully some strong numbers to get excited about and get the juices flowing.
Obviously this is tinged with trepidation as nothing ever has run smoothly with CNEL.. I just hope tomorrow we see our best side and are left feeling with greater optimism for the future!….GLA!
agreed. they only have till sept before we are completely delisted so the BOD better get their finger out. knowing CNEL they will leave it to the very last day
I would love to have your optimism. History with this company leads me to believe there are quite a few more hurdles to overcome if we are ever to get this back
after the 6 months results which should be published after meeting on 16 may theres only 3 key items that need to be released before we can relist;
1) Publication of the interim report announcement for the six months ended 30 June 2021 (the “2021 Interim Report”) The Company anticipates that the 2021
Interim Report should be able to be published by mid of June 2022.
2)Publication of the announcement of the annual results for the year ended 31 December 2021 (the “2021 Final Results”) The Company anticipates that 2021 Final Results should be able to be published by end
of May 2022.
3)Publication of the annual report for the year ended 31 December 2021 (the “2021 Annual Report”) The Company anticipates that 2021 Annual Report should be able to be published by end of June 2022.
followed by "Resumption of trading in the shares of the Company Subject to further assessment by the Board"
so come end of june hopefully back trading and hopefully a good set of full year results to support SP on relisting.
lets see if the upcoming results are good showing healthy profit. and with a bit of luck may get an update on when company plans to relist on the exchange.
soon see next week
While we wait for paint to dry i saw a couple of positive articles. Firstly the explosion in Ethanol production in India that CNEL was reportedly paying for Pr and marketing into so this will be interesting . In just one state Bihar https://theprint.in/india/bihari-maange-more-says-state-industries-minister-hussain-in-push-to-be-biofuel-ethanol-hub/943734/
“17 production units are being set up across the state under the Ethanol Production Promotion Policy, 2021” and “the state had received investment proposals to the tune of Rs 36,253 to set up 555 industrial units just over the past year.”
So India is going guns and surely if the PR was working we cant help but pickup business on this sort of sce. Also some writeups on how investors can access the Ethanol market And hoping this will rub onto CNEL if they just pull their finger out and blow their trumpet a litle so investors in HK/China know about them : https://investorplace.com/2022/05/can-you-invest-in-ethanol-3-stocks-to-consider/
Well infairness this update is what it says on the tin. It's approving the 21H1 results. Plain and simple. They seem to have momentum behind them now. Let's hope we get £10 million fy 21 profits. With backlog of projects worth £86 million then it should be achievable.
We all need to keep up the pressure on Ivy and Richard as they are our only bridge to the duo who make the decisions and hopefully with some HK and Chinese mainland investors, who cant be ecstatic about recent goings on, they might change their ways. Does not seen hopeful from what we have seen to date but they appear to enjoy in self flaggelation.
These directors really need to get their act together
Excellent spot and glad they are finally closing matters down. CNEL have massive potential and smashing profits and great R&D that should propel them to global dominance and £150m valuatoon for starters given many cleantech companies are miles behind but worth a lot more. CNEL would be snapped up by competitor if not for the cosy duo having a controlling stake so they know their power. However we all know what a carcrash the board are when it comes to keeping shareholders in the loop and learning its better to take cash out through dividends. we need to pressure all parties we can be announce an interim and not hold out for the finals 2021 is risky. While i expect a final dividend for 2021 i really think if it was not for debacle we would have got a dividend in 2020 and an interim. We can only hope pressure from different directions has an effect and they do not make a disastrous Canada acquisition as clearly that was setup for board to take cash out and i really hope the auditors and non execs are watching our duo carefully.
i personally wont be looking too much into a divi. i think we'll get twiddly squat. all i want is to return to market, then i can make a decision to cut my losses on this garbage or just hope the board changes their approach and inform shareholders with updates going forward once listed again. surely you would of learned your lesson during this mess.
after these 6 months results are published a. i right in thinking we then are only waiting on the yearly results for 2021 before we can return trading and possible suspension being lifted?
https://www1.hkexnews.hk/listedco/listconews/sehk/2022/0503/2022050302855.pdf
Timelines are being hit!
Been keeping track of Ethanol but the game changer was always cost compared to oil and we have bow reached a point where the cost of Ethanol is lowering the cost of petro the higher the mix. This article amongst many talks about this but is being emulated globally so demand for production will sky rocket as long as oul prices stay over $90 and Ethanol does not rapidly increase (which is a strong likelihood unless there is more production created) but all good news for CNEL https://brownfieldagnews.com/news/ethanol-producers-applaud-governors-year-round-e15-move/
The actual independent review signed this off. It probably cost a bomb to get it but its done. The key was technically nothing was found to connect the board. Thats it. we all know what probably really happened but such is life and no smoking gun was found. The board now need to to do everything we have been saying for years, sort transparency and tell us commercial information and sort the dividend at £2m for the 2021 results that would be a 10% dividend and mean we would head to $1hk going back on the market and back go IPO price. if they do not announce a dividend then it could go the other way as yield is key in HK. Lets hope 2021 was a good year. Backlog almost guaranteees this really but could be curveballs and costs of this independent review.
Spoke to Richard B today and he describes the 2022 results have been reviewed at the same time and they are clean. So all is looking good.
The 30th March rns detailed the requirements for resumption of trading. Basically the publication of results and implementation of the internal control review.
Based on 1st date being met, I'm a little more positive this will resume trading on HKEX.
How does going private work? How would we sell out shares? I hold them I HL atm(well kind of anyway)