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...I guess if the recent rise in the SP continues we may well see 1.25p prior to any announcement.
So the question we all want answering is, can MP get this deal at 1.25p with no strings? Incredible if he pulls it off!
...sadly there is very little to trust on AIM per se. Its certainly not restricted to Chinese companies.
0.80 signals new territory...great to see!
luddite, Suggest you carry out a little research into Jaisen. They are a genuine outfit that imo has been misinformed regarding the benefits of AIM listing. After a few calls I invested for a short time prior to the last divi. If a company with their fundamentals can't make it heaven help the rest. GL.
...appreciate your point Basket but maybe you should have sold prior to the CICC delisting, we all had that opportunity. This was always going to be a technically drawn out affair and is likely to continue for many years to come imo. GL.
...the ones who pull his strings are imo.
Generating some momentum now...Mcap of £9M is crazy when they are generating such huge profits and just paid out a £3M divi.
Agreed Austin. Today saw another decent rise against the tide.
Seems finally Jiasen is starting to attract some interest, if Fridays volume continues we could easily exceed the gains of last week. To all that have put some time in on this it looks ridiculously over sold. A lot hinges on the next trading update, if all is as expected (flat) this will rerate imo.
hobione, I've also accumulated a decent holding over the last few weeks, agree we could see a steep rise from here. GL.
hobione, At last this looks to be holding up, bounce on the cards imo.
Morning hobione, Finally dipped a toe after watching this for the last few months, I'll continue to add either way unless something catastrophic occurs. GL.
...in 2 years, not finished yet! Cheers Tav.
A couple of points from the admission document. The Directors expect to target an annual dividend payout ratio of approximately 30 per cent. of historic profit after tax, subject to 5 per cent. withholding tax (which becomes payable on inter group transfers), i.e. an effective rate of 28.50 per cent. of the Company’s net profit will be paid annually. The payment by the Group of any dividends in the future and the amount thereof will depend on the performance of the Group, its financial position, cash requirements, prospects, profits available for distribution and other factors deemed by the Directors to be relevant at the time. It is expected that the dividend will be paid on an interim and full year basis, split approximately one third and two thirds. Lock-In and orderly market agreements all dated 7 July 2014 between the Company, Cairn, Hume and each of Mr Tsoi Ping Ping, Mr Weigang Chen, Mr Jinji Chen and Mr Tianzhi Chen (together representing 78.1 per cent. of the Enlarged Issued Shares) pursuant to which each of Mr Tsoi Ping Ping, Mr Weigang Chen, Mr Jinji Chen and Mr Tianzhi Chen have agreed with the Company, Cairn and Hume not to dispose of any interest he holds in Ordinary Shares for a period of 12 months from Admission, except in certain limited circumstances. Each of Mr Tsoi Ping Ping, Mr Weigang Chen, Mr Jinji Chen and Mr Tianzhi Chen have also agreed that, for a further period of 12 months thereafter they will only dispose of their Ordinary Shares through Hume (except in certain limited circumstances) in order to maintain an orderly market, unless (in each case) agreed otherwise in advance with Cairn and Hume. So who has been dumping stock over the last couple of months??? Still more questions than answers atm, however this could all change with a detailed positive statement from the company. GL.
...that's my fear oilriches. Sadly to date nothing remotely positive has come from the listing. They've committed to a dividend policy to encourage investors (and paid out), got land assets, cash in the bank and confident of further decent profits albeit at a slight reduction and so on. Perhaps it all sound to good to be true... all very odd.
...take a few acquisitions add some dilution, stir gently and wait. Hey presto!
Parde, I would agree that the Company are genuine, problem is are they prepared to ride out the storm on AIM. This stock has been smashed by low sentiment regarding recent Chinese listings and the associated scandals. The other 'commentator' hasn't helped. I'm pretty heavily invested in Chinese related stocks and certainly would like to see this one turn around.
hobione, Best of luck with your strategy, its about time one of these 'Chinese no hopes' bit the market up the arse.
There's been a relentless seller now for the past month or so and they've offloaded a serious amount, imo the seller must be one of the significant holders so why not sell your stock to another holder through a broker? They would have got a better quote and the SP would have held up, also why no holdings rns? Assuming the majority of the sell are from one party this now totals many % of the issued stock. I can't believe the BoD's/major holders want the sp at this level, but it could have been avoided...unless something sinister is happening behind the scenes? No smoke and all that....