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This is a discussion board. There is no need for sarcasm or abuse here. For your information, I am not looking to buy back in at a lower price. I won't buy back in until they release a statement. We all have to come to our own conclusions on what risk is acceptable to us. I sold, not because there is anything new about the company, but because I couldn't tolerate the risk level any more. I do hope to buy back in! But it won't be because the share price is lower. As a matter of fact, it would most likely be higher.
Well, I don't think we can deduce that from the share price movement. Only about £10'000 sold I think; not much in the great scheme of things. But it's hard to see why the company would want to remain on AIM. They definitely can't raise more money from it. They have done absolutely nothing to support the share price and seem oblivious to it. I can only assume they don't care at all now. All they had to do was to release a statement saying they understood concerns over cash flow and were urgently addressing it and offer a solution for the future (factoring was my hope). If this were to be done, it would quadruple in a day. This was what I was emailing the chairman about but of course, there was no reply. I hope they do something about it fast.
There is no particular reason to think it's going under. The shares might well 10 bag one day. But the risk is very high. Isn't it always the way with high rewards! I just ran out out of tolerance for risk after seeing another share suspended yesterday. No particular reason it should happen to Auhua though. I will keep watching and might be back if there is some announcement about improving cash flow.
Well, I decided to sell my entire holding at a small loss. I have been increasingly spooked by the number of NOMADS resigning from Chinese shares. Yesterday, another one was suspended. On top of this, I have sent three emails to the company and received only silence. I have put the proceeds into HSBC so I can stop worrying for a while! Good luck to remaining holders. Over and out.
Oneandonly1:I am prepared to listen to this statement only if you provide the names of those concerned. Otherwise, it is heresay and rumour only. Which Chinese stock broker? What is their name? I would be happy to give them a call...
Definitely. They are all seem totally oblivious of the need for communication. It seems to be a Chinese trait in companies. Very silly of them.
A quick look at the trades tab makes it really obvious that something weird is going on. Looking forward to finding out what!
After watching again today, I am sure we are seeing accumulation. I don't know who these shares are being stocked up for, but I am 99% certain we are going to see an rns this week. There is a secret buyer here who won't appear until he has the stock he wants.
If MM's are stocking up on shares without lowering the price, then they must have a buyer who is mopping them up. It could be directors dealings, or they may have another buyer. All will be revealed very soon I suspect.
Does anyone have level 2 access? I think there is a large buy order being put through. Two sells today of 100'000 should have moved the price but the price is actually a little higher. This means that sells are being soaked up by a buy order behind the scenes usually.
I have been digging around into the way business is done in China. This has convinced me that Auhua is not at all suspicious and nothing underhand is taking place here. Receivables on the books is a problem all across China with companies big and small. It has a lot to do with the central bank tightening too much a few years back to control a property bubble. However, they are now easing pretty fast. Just yesterday they relaxed mortgage lending further and this will continue. There is risk here of course. But it is most certainly in the price! The market has over reacted to the downside by an extreme margin. I think there is a fair chance that there will have to be some write offs in the future. However, by concentrating on large building companies only, they are limiting any future problems. I think they are being wise here. I am betting that China will continue to ease monetary policy and may well speed up the easing as a housing bust will be the last thing they want. All of this means that the eventual rewards should be extraordinary. But it might take a little while. But not as long as you might think. The market prices for the future so we need to see more easing and maybe even some quantative easing from PBC. This wouldn't surprise me in the least. Once the easing reaches a tipping point, the shares will fly. I am still predicting a minimum of 20p at them moment. The re-rating could start tomorrow or one day next month. There is no way to predict this. And for that reason, I will be staying in as I know that if th shares rose 50% one day, I would by unlikely to buy back in. No, better stay put and wait. Hopefully, the wait won't be too long.
I do agree that this cash flow problem has to be managed. However, I also think it is more than in the price!! As I have said before, I think they should use factoring and take a lower margin in exchange for cash up front. I am sure they are well aware that this needs to be resolved and are paying attention to it. It will only take one RNS that offers a solution to this to send the shares through the roof. I think we will see that happen in the near future.
A boring and surprising day. Might be a delayed reaction though. I have seen it happen many times. We'll see.
"No Auhua Clean Energy share news headlines at present" LOL This is the equivalent of having insider info! No news yet released on Reuters, Alliance or any other news feed other than rns. But it will be released at some point today.
Momentum picking up. Like a slug approaching the edge of a leaf really. Slowly does it then suddenly...
If you do a Google search on news for Auhua, you will get zero results for today! As I said, some patience is required here. The results are fine; it's just that nobody actually knows about them yet:) This is an opportunity to get in before it reacts. But as always, nobody wants to buy cheaply, they prefer to chase it as it goes up!! Twas ever thus:)
It hasn't even been reported on by the Alliance newsfeed over at ADVFN! It will be when somebody finally gets out of bed but it will be last on their list. Patience....
When I say imminent, I meN slow motion imminent:) At some point, speed will pick up! But for now, we are invisible.
Lift off is imminent. Hold tight!
Yes! Couldn't have asked for more. As to the lack of interest, it might take a few hours as it flys so far under the radar:) Andy