Member Info for JoeYangtze

I still cannot believe that with a turnover of £770 million profit of £40 million have a mcap of £3.37 billion. If we do come off with the IPO's especially if Perfect Oil takes off, then just think of CICC's sp. The fat lady hasn't sung yet.

Probably on the website

I dont see why not. Probably sence2 will know the answer.

There is no proof they were forced to delist. VSA were in Hong Kong for a week at beginning of April. The decision to go for a main market through VSA may well have been made then. The lawyers would have to have been brought in at an early stage A decision like that will not have been made overnight, both sides having to do DD on each other. If CICC are confident of the value of the 4 IPO'S, then why bother coming back onto AIMS if the intention has always been to go for a main market listing? I repeat there is no proof they could not obtain a nomad. Just look at the quality legal team and auditors working for CICC and the IPO's. Have they all got it wrong? If the decision was made back in early April, they probably didn't even bother to look for a nomad. The last one being a disaster, see share sharks comments about the rns's on advfn. Aimho.

Baxter55. You said that CICC were forced to delist. Prove it or withdraw it.

Were in Hong Kong between 31.03 and 06.04. I wonder if that is when negotiations started on the main listing through VSA?

with all of that bottomsup. It is CICF that willt transform the company's fortunes. Let's hope that Ernst and Young come up with realistic valuations. If EY do the valuations there can be no arguing with such a top quality world-renowned accounting company's figures. Mind you the mindless UP will!!

with all of that bottomsup. It is CICF that willt transform the company's fortunes. Let's hope that Ernst and Young come up with realistic valuations. If EY do the valuations there can be arguing with such a top quality world-renowned accounting company's figures. Mind you the mindless UP will!!

I see that CICCapital is already listed as a client of VSA on their web-site. The talks must have been on-going for weeks, if not months.

Why bother with him, he is only seeking attention, because he is lonely with no friends.

Share Shark is the only on here with the gumption to have phoned Vascacapital

I think it is worth while reproducing this post by share shark. I think that most people are looking at the short term. To list on the main market requires a minimum market cap. That would mean that the 2 valuations on CICG/CICF will have to give CICC that minimum map, which means the shares will have to be well over £1. IMHO I telephoned VSA today hoping to speak to Andrew Raca and was more than surprised to be have a chat with non other than the CEO of the Company, Mr. Andrew Monk . What a difference from the people at Cairn, IMNHO . He was most agreeable, polite and happy for their firm to be acting for CICC. I had a lot of questions and he answered most. Also confirmed the RNS today. AS some know, SB and CICC have always planned for a main market listing. A prospectus is being prepared, as the RNS states, so if valuations come up to exacting standards of a main market listing, then CICC will list on the main market. So lets see what Ernest and Youngs valuations come up to snuff. Incidentally dont let shareholders forget that CICC is a Canadian Public issuer and although is not listed on the Canadian Echange, it COULD list there, if it wished, at any time. In my opinion it will take between 8-12 weeks to se if CICC will list on the main market.

Who said they couldn't get a nomad? If the decision was made to go to the main market they don't need until then. I would have preferred a nomad and a return to AIMS. As I said we don't know the value of the company until the 2 IPO's values have been announced. I still feel that CICF is going to be a world-beater. imho

I would have thought a market cap of between a minimum of £250 million and £500 million. The thing we don't know is the values of CICC OR CICF. That would give us a clue as to the viability of the Big Board listing. Perhaps, after consultations with advisers, it was decided that as the values of these 2 companies would put CICC into line for a main listing, why not go for it now. The legal advisers are top-notch in Canada and London. I wonder if they might go for a TSX listing? Bwtfdik. IMO.

Don't forget, if they are in negotiations with a nomad, AIMS can extend the deadline for delisting. With the recent news via rns' I would presume that to be the case after recent house-keeping.

As far as I know if there is no nomad appointed on the due date, the company will not automatically be suspended, or have the shares cancelled from the market AIMs, provided they are in serious discussions with a new nomad.This obviously takes time as each as both company and nomad have to go through due diligence on each other.