Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Even if it is reiteration of existing holding, such news will still be useful for HK based investors (as well as in the UK and USA) looking for information regarding involvement of major funds like CPP.
Wondering if this investment from
Jean Eric Salata is a ‘new’ investment or just reiteration of existing holding by his firm. Anyhow, 3.6% of the total share capital is quite significant. It should get noticed by the market, if not already done.
Jatw, that is an important point. Hmm, so…it’s not going to happen soon.
If the management is in favour of getting the mainland investors on board as soon as possible, the best option open for them is to get a LSE main market listing (and to make use of the’London-Shanghai link’). Aim market is certainly not the place for a giant!
Southbound stock link is very interesting. If it works out well, hutchmed (Lucky no.13) would get a large support group from mainland China.
Davey, just checked stocktwits. Do you think Mr Bucket would be happy to post the links from tacly’s post above over there? It might help hutchmed followers on the other side of pond.
tacly, thanks for providing the links.
In your opinion, what are the implications of HCM getting included in the southbound link. Does it mean investors from mainland China will have access to invest in HCM? Will it increase demand for the shares?
Same here.
I think yahoo needs updating the data.
In the mean while trinity data have upgraded HCM £8. Hope trinity’s article gets translated to mandarin/ cantonese for distribution among HK investing community and financial publications.
‘Fully fungibility’ of HCM shares is being exploited very well by the market makers. Yesterday’s holiday at NYSE might have been responsible for the fluctuations observed at HK.
Lauders, regarding timing of news release; suppose it was done at the beginning of today’s trading at HK, it could have helped to prop up the sp. Releasing the news halfway through the trading was effective only with regaining couple of ‘lost’ dollars during earlier trading hours. However, it was good to see a news like phase 1 trial showing such encouraging effect.
NM, Davey and tacly
Thanks for for your posts. Very useful for everyone following this message board.
No large ‘sell’ orders this morning. Existing share holders are aware of the prospects, I suppose.
NYSE holiday today.
With the remarkable recognition and revaluation following HK listing during the last week, has HCM been covered in any newspaper articles? Any financial media coverage?
I tried checking if there’s a video clip of the listing ceremony. HKSE has videos of few other companies’ listing ceremonies but not 0013.HK.
13.Hk remained around 67HKD most part of the trading period earlier at HK. Settled at 64.50 towards the end, probably ‘encouraged’ by the selling at AIM. Traders are making use of the “full fungible” nature of hutchmed shares, buying cheap in London and selling at 15-20% profit on HKSE. Perhaps, this will continue until all those shares bought cheap over the last few months are exhausted.
I have a question. Are investors from mainland China able to buy 0013.HK? Is 0013.HK a “H” type share? As per information available on the internet, China mainland people can buy ‘H’ type shares listed on HKSE.
I understand from the information in tacly’s post above that Shanghai- HK link will, probably, be effective from September, for 0013HK, which should allow more investors from mainland China. Not sure why HCM can not be moved to the main LSE market. If the management can achieve that goal, mainland China investors can invest using London-Shanghai link. It will also make it possible for many UK funds to invest in HCM. (Being an AIM share, at present, it is not open to both these two sets of investors).
Thanks Jatw. I think you are correct. I had picked up the valuation figures directly from yahoo app. The new shares released in the HK ipo are not included in the market valuation on that site. As you have mentioned, we would be able to see the updated numbers in the due course.
Thanks for the information Davey.
Otherwise many of us would have woken up at 2am to watch 13.Hk status.
I think the traders at AIM have done extremely well making best use of the selling spree.
Friday will be interesting.
If that particular fund has indeed reduced their holding in the last few months, I am guessing that they might be repenting today for doing so.
Even after today’s respectable rise in the sp, the total market valuation of hutchmed has not markedly improved. As I type, it stands at 5.88 billion USD. Is this proper valuation compared to other similar companies? Any opinions? Thanks