CNEL.L Share Price (CNEL)

So results are in and very little to report. The recent debt for equity was only notable point when we ended up with 40% and while we wrote off £4m of debt to do so i suspect getting paid was not happening anytime soon. It might help. However nothing else mentioned about any new sizeable projects. For me the way they market themselves through their website tells you everything that they are not even trying. They rely on an opaque network that when it works it does well but when its down it does terribly. They have no other irons in the fire. They talk about over 40 patents but i do not see any new orders of merit in this first set of accounts. When they release final results it might change but it looks like another 6 month wait. Frankly its pathetic to have no interest in international sales given no english website and a website that looks it was built in 1999. They had potential but they do not even spend a few thousand sorting out probably their most important marketing asset. Year after year they squander sales opportunities but putting two fingers up to any other country outside the PRC. Why we can only speculate.

Its a bit like clockwork and you can almost set your watch by it. We wait 6 months with no news and then they issue a profit warning. Not entirely unexpected but looks they are writing off a lot of debts from suppliers, codeword for backhanders, but i move on. Board meeting is 28th. the other news was about our debt for equity deal that does appear to have been profitable so there might be a small glimmer of positivity, although our duo is joining the board so i do wonder what they are now up to. https://www1.hkexnews.hk/listedco/listconews/sehk/2024/0322/2024032201713.pdf

I just hope the cashflow is reasonable and this loss is more about tidying up the accounts and not about a lot of cash exiting the building. I remember years ago being concerned about impairments and i should have known where this was going once you understood how the duo operated with their mates and how deals were “organised”. We live and learn and we will need to hope the current year brings back a profit or we have some positive update in the outlook that takes the market cap above the current £7m.

Thanks kevs

I try them 👍

Hi

II interactive investors i have my shares in

Hi does anybody know a brokerage who deals with cnel shares I need to transfer them from the Halifax

Much appreciated

Thanks