Member Info for millsm

That has to be the signal now everything is on track and it’s got the green light. It’s definitely going to make the weekend very exciting knowing this is as good as over the line now.

Crazy thing is the company is worth the same whether it’s on AIM or the HKEX at the end of the day. Same profits, same order book and the same opportunity for massive growth. Only difference is AIM has day traders and the HKEX has genuine long terms investors.

Who knows for sure what the protocols are here as its a rather rare transfer over to the HKEX but you'd like to think the BOD would be obligated to tell AIM if its not happening just as much as they would need to say that it is. Although all the brokers seem to think this is signed sealed and delivered as they have almost all shut up shop on AIM now.

https://www.hkex.com.hk/?sc_lang=en

Trading Schedule for 2020 Mo/Tu/We/Th/Fr:

9:00 AM - 9:30 AM — Opening Session (This would be 02:00 in the UK on the 15th July for the Opening Bell)
9:30 AM - 12:00 PM — Morning Trading Session
12:00 PM - 1:00 PM — Lunch
1:00 PM - 4:00 PM — Afternoon Trading Session
4:00 PM - 4:10 PM — Extended Hours

† Times shown are in Asia/Hong_Kong time (GMT+08:00)
‡ Hong Kong Stock Exchange closes for lunch each day

It would be courtesy though to let AIM investors know first thing tomorrow as HK is 7 hours behind that at least a price has been agreed and the move is fully confirmed to happen on the 15th July, although I am not sure the BOD will be in a rush to update AIM.

I think they will announce it on Tuesday 14th at close of play on AIM and then it will go on to the HKEX at opening bell of the 15th July. That way there aren't ever two different prices in play. Although if we don't hear anything on Friday it could be assumed that everything has gone through as the decision is made tomorrow and the BOD would have to say if it wasn't happening to AIM. Although my personal opinion is that this is all done and dusted, just waiting for the actual disclosure of the opening price to be officially announced.

The allotments seem to come in about 20% below the high price estimate, so if we are at 10.3-13.4p it would suggest maybe something close to the mid 12.5p to high 12.8p range as a guesstimate. All guess work but I someone in HK probably knows the price by now, they just need to type up the announcement for either tomorrow or early next week. If we don't hear anything tomorrow it would suggest its a done deal as the BOD would have to call it out to AIM if its not happening IMO (Which I don't for one minute believe will be the case).

ZHENRO SERVICES GROUP LIMITED (06958) Prospectus Not more than HK$4.70 per Offer Share and expected to be not less than HK$3.60 per Offer Share. Allotment Price HK$4.55

Smoore International Holdings Limited Prospectus HK$12.40 per Offer Share. Allotment HK$12.40

Immunotech Biopharm Ltd Prospectus $10.50 to HK$11.00 per Share. Allotment HK$11.00

ADTIGER CORPORATIONS LIMITED Prospectus Maximum offer price HK$1.00 per Share. Allotment HK$0.86

Ocumension Therapeutics Prospectus HK$14.66 per Share. Allotment HK$14.66

GREENTOWN MANAGEMENT HOLDINGS COMPANY LIMITED Prospectus HK$3.00 per Share. Allotment HK$2.50

Lots of allotment files are being uploaded this week. CNEL soon hopefully.

https://www2.hkexnews.hk/new-listings/new-listing-information/main-board?sc_lang=en

Can you all buy some for me please lol as I am frozen out now.

So most broker trading platforms are showing the Share as not listed to sell or buy (Instrument is not traded), I am on AJ Bell and its coming up on mine. So basically the brokers think this is done and dusted and moving over to HK. So if PI's can't buy or sell it has to be the MM's or Institutional buys going through now, if sells can't happen surely they will run out of shares very quickly. All a bit odd but looking like a good push up coming if they have no sellers lol

I’m definitely up for a drink in August when this takes off with a massive Booooooom!

It will be a long weekend without any news but next week could be sensational even if the most modest expectations are met.

I think that large trade has yesterdays date on it so very late reporting.

I’ve tried to find a company that has made the move from AIM to the HKEX but can’t seem to find any when googling. Maybe it’s a rare event, which might be a great thing for investors as I’m sure the HKEX will want to make it a very positive move to highlight them as an international trading hub. Just my opinion but it could be a good thing for the company and investors if everyone wants this to be successful.

Might be a collated sell from a broker that shifted everything in one go, who knows as it’s definitely a surprising number based on what’s about to happen. It should definitely free things up.

That should release the price tension a little as it was £240k at 6.10p

On a personal level no I haven't had experience, from what I have gathered on here through people sharing their interactions with brokers, it seems like several things are in play:

1: They are forced to sell up as the broker refuses to hold them. (Probably driving the dip in price), for some reason a few brokers forced this based on a deadline date of the 8th rather than the 14th. Barclays were one of these
2: You can trade them in HK but you have to wait 3-6 weeks for certificates to arrive first, and the cost goes up as you have higher telephone sales costs A J Bell, II etc
3: They will lodge the shares with another third party broker and then they can be traded at a higher costs (HSBC have been named a few times)
4: Your broker will hold the shares but you can trade until you move them to a broker than can sell
5: Open a broker account in HK such as Silver Bricks (Then trade online)
3: Sell them yourself ahead of the move.

It's literally the case that this could well be worth double this time next week and its the last chance to get in before the SALE ends. Good Luck All as the clock is working in our favour now as the closer to the move deadline the more solid this gets. The discussion about the opening offer price started yesterday and they should know roughly where it will be. If this is looking like its not going to happen wouldn't the BOD be obligated to announce something as they have obligations under AIM still. I suspect its just a waiting game now until the 14th when it gets reported at the close of play on AIM, ready for a big shiny opening on the 15th in Hong Kong.

4 Trading Days to go, then we will all know where we stand and what the shares are worth.

The days are ticking by to the 14th and 15th July which will see the end of one era and the beginning of another. If the opening price is solid this should be a strong performer in HK. Even if it’s at the lower end it will perform well as the company sells itself to its local market place. Some project updates must be there to boost the confidence when the times right. A couple of really good elements at play, as the share certificates will take a few weeks to come through before anyone can sell after the 15th it might show investors growth in the SP as it lands in HK before any early profits are taken by UK PI’s. The problem this week is people getting out before the deadline of the 14th due to trading concerns over in HK. Anyone taking the plunge to stay with it should easily see the share price go from strength to strength after what will hopefully be a buoyant reception in HK & China. As this week goes on we should see the sells vanish and these larger buys take over into the upside swing created by the Gap up to 10.3-13.4p on Tuesday next week. GLA