Member Info for lukeskyCBG

I must say the sustained downward price movement over the last 2 months is a tad suspicious given there has been no negative trading announcements by the company or about its product/performance in the wider market. So could it be due to someone with insider knowledge of some pending negative news and trading off it prior to general release?

Is that a shareholder run email group? Or an alternative contact email for the Company / Management?

Has anybody got any updates from the company / management on whats going on? Since the delisting there has been no news at what they are planning to do (i.e. continue trading or liquidate and distribute). I tried contacting the IR contact on its investor website (abchurch communications) but they have apparently also resigned. But Canace Wong promised to forward my questions to the management team. Still waiting to hear back. Appreciate I may be overly optimistic about getting any response but just wondering if any of you have received any news about this company since delisting apart from the postings I have seen below

Is there such a thing as the AIM police? I thought AIM operated under a lite touch regulatory regime overseen by the Nomad and LSE - which in layman's terms means little or no monitoring.

Yes but the price drop whilst significant has been happening over the last 6 months. The latest drop from 60 to 40p was over the last 3 weeks. I can understand it if the drop happened on Monday and the put out a statement on Tuesday that it would have been an understandable reaction from the company to allay any fears. The management team unfortunately for us appeared to have been asleep at the wheel in dealing with this capital structure issue and investor communication on the matter. They appear to have finally decided to release a statement yesterday after much prodding from PI's like me. But someone on the inside appears to have had prior knowledge yesterday morning that this announcement was going to be released and traded in the shares beforehand.

Then there is serial rampers like Rocket79 who regardless of underlying movement in share price of the day or the fundamentals continues to up-ramp the shares on a daily basis. One has to admire his dedication to the cause

Whilst I like most people am happy with the recent appreciation in the share price here. I find the nearly 25% appreciation yesterday morning pre-announcement from GKO at 2pm.....highly suspect. Its almost like some insiders knowing that the announcement was coming out yesterday were trading in the shares.

Good luck......not sure they are that bothered with fall in the share price given the lack of reaction to date

I have also emailed the Greenko IR team about potential update to market on discussion if any with GIC and GEF. This was over a week ago now and the silence from them and the management team is deafening !! Share price has fallen over 60% and still no word or comment from management team even if this is to say that they are not aware of any specific circumstances and emphasise their continued positive outlook for the business. Another example of the vagaries of investing in a Chinese or Indian AIM companies. Governance and IR comms are truly appalling

Any update received from the IR team at GKO yet? Last time I checked with them was before the trading update last month and all I got from them was a copy of the broker report from Cantor Fitzgerald who they probably paid to write up the company. Share price continues to tank since last trading update and only silence from management / IR team here with regards to any update on discussion with GEMF or GIC on their respective convertible instruments. Appalling investor relations and communications I have to say !!

Not sure they have enough liquidity here to cash settle both GIC and GEF which would require in excess of $150m. But they could repay GEF at around $46 - 50m. But my worry here is that a large portion of that $106m could be somewhat encumbered or trapped within project finance entities being earmarked or committed for future wind projects in the development pipeline - so not really readily available. Utilising the remaining available cash now to pay back GEF/GIC might unduly constrain the Group's liquidity or growth plans and require it raise new capital in the near future which could be equally dilutive as the situation we PI's now find ourselves in. Lets hope the management team can get their act together finally on this and manage to negotiate a sensible mutually beneficial deal with these investors soon - otherwise this company will be dead in the water when it wants to raise new capital again in future

Parkside......whilst I am of the same view, can I ask if you received specific confirmation from the company or its IR team regarding this recently? As I understood the timing of first conversion window opens up on 1 June which is next week so reasonably close if a deal is to be done with debt holders

Correction to my comments earlier......Re: EIG they actually have a 13.7m in warrants that can be converted on a 1 for 1 basis for shares in the Company at £2.40 per share between 2018 and 2020. So this is definitely under water at current share price precluding any dilutive impact Still have questions regarding the older GIC and GE investments as not sure whether the implied conversion rate >200p mentioned in the accounts was necessarily fixed as it does include a caveat regarding certain protected returns. If the implication here is that these investors have secured guaranteed returns it could mean that the conversion rates could be adjusted down depending on share price to provide the prescribed return to the investors. But its not clear what if anything this protective return is so not possible to calculate dilutive impact

Unless I have misunderstood the related notes in the GKO accounts I am not sure there is a dilutive effect at current prices because the warrants / options granted to these institutional investors appear to be under water suggesting they might not convert. I repeat my comments from the 8th of April below Yeah but only if the related convertible debt or option holders chose to convert. I think the older investor's (GIC and GE) conversion price was > 200p and the latest debt investor EIG I think the option to purchase is at 98p. So both are currently underwater making it unlikely that they would choose to convert as they could purchase the share in the market at lower prices currently. Something else is going on here....its hard not to miss that the directors in this company have hardly purchased shares in over 12 months as the shares have dived Obviously more than happy to be corrected by those among you who are more knowledgeable about this issue

MM stop putting down other for asking quite valid questions. You have been on the other hand ramping up this stock non stop every 5 minutes since yesterday. One wonders whether your ramping up just to sell later. This board is here to facilitate constructive discussion of all views positive and negative. It is then up to the individual reader to sort the to wheat from the chaff. To answer Franca earlier question.....yes there is potential of management taking this company private or moving the listing to another exchange if they feel the company is undervalued. Taking private at this stage bad for us PI if its taken out on the cheap. Moving the listing like NASDAQ (e.g like EROS) could be good thing if it results in the stock being rerated in line with its peer group

Agreed also have a large holding which I will be sitting on until sentiment returns. If it dips below 9p....might take the opportunity top up again. But the message to management today given the range of comments from fellow PI's on this board is that they need to up their game in investor relations and set proper dividend policy rather than the scatter gun approach they have had to date. Appoint a reputable advisor sooner rather than later for god's sake

Graham....I could not have said it better myself. Think miningmadness is having a day of madness here. Needs a chill pill pronto, stop the auto dribble of the same repeated postings and take a step back to look at things calmly

MM..You continue to miss the point here mate. Its not the quantum of the dividend that matters here but actually the positive message into the market by getting into a discipline of paying a progressive dividend. Whether its fair or not, this company being a China based enterprise is being tarred with the same brush by UK investors who have been previously burned by the likes of NAIBU and CAMKIDS etc. I still remember how these companies published result after result with phenomenal growth and overflowing cash balance. However in the end the cash balance was illusionary and the profit warnings came. To show its different, management need to be better at communicating with their fellow shareholders and backing up trading progress with dividend policy

I think the answer is quite simple actually.....Pay a progressive dividend or at least equal to last years ordinary div (as they have loads of cash on the balance sheet if that to be believed), improve investor relations and expand / diversify the investor base

Agree with myfairlady....mm needs to take a breadth and calm down otherwise there might be health problem down the road with all the stress mm must be going through with this