Member Info for millsm

Looks like we are on the home straight now, all the ducks are lined up, last bit of trading today before it all kicks off next week. Just wanted to say it’s been a pleasure chatting to everyone on here as I’m imaging we could be drowned out by new commentators over the next couple of weeks.

Their will be a lot of people asking if their broker trades in HK, what are the implications of the move, will the shares move automatically, how can I trade on the HKEX, why is this so undervalued etc etc ..... !

Good luck everyone that’s been long or medium term holders we have reached the end of the queue for this world class roller coaster, time to strap in and enjoy the climb up and then the thrills of an exciting ride to the 15th July. It’s not going to be dull that’s for sure.

The next time we look on Monday at 07:00 we might have a big fat RNS waiting for us to tell us who won the bid price out of us (or we might have to wait until Tuesday).

Richard Bennett was going to look into Silver Bricks, maybe he's in HK already lol ahead of next weeks big announcements and is going to pop in.

I switched to AJ Bell and it took about an hour to set up and account and fill out the forms. It took around 2 weeks for the transfer to happen from my Lloyd's Broker to them. I am assuming HSBC will hold your shares until they are moved over.

11.0p = simms45
11.5p
12.0p = RomeoTango
12.5p = Rustyrat
13.0p = COYS1882
13.5p = Gdale1997
14.0p = ben1234 & Topmoney
14.5p = millsm
15.0p = cminhinnett

Looks like someone is willing to buy up anything that becomes available today, looking nice a strong now.

Topmoney must be up for a place on the table with a guess at the price as he's one of the bigger PI's with shares on here.

11.0p
11.5p
12.0p = RomeoTango
12.5p
13.0p = COYS1882
13.5p = Gdale1997
14.0p
14.5p = millsm
15.0p

You are all secretly hoping I am right though ...... lol (or whoever comes in above me)

11.0p
11.5p
12.0p = RomeoTango
12.5p
13.0p
13.5p = Gdale1997
14.0p
14.5p = millsm
15.0p

I am in at 14.5P

Timeline likely to be:
Monday 29th release of Admission Document (although this could happen Tuesday morning)
Tuesday 30th early share certificate run to brokers locked in for the move (Probably the BOD and major holders)
Free AIM trading until and pre-auction on the HKEX to determine opening price
Tuesday 14th Final Aim Trading Day and then at close of play final certificates Issued to brokers
Wednesday 15th 07:30 (Assuming HK time) this is free trading on the HKEX

They are doing an early certificate run on the 30th June at Computershare so all set now for this to happen.

Has to be a little annoying to be unable to buy in until the big news drops then you are in a race with everyone else to buy in at the same time. All that hard work and you can't capitalise on the value change you know that's coming. I wonder if the BOD will pre-book their buy to coincide with the release date?

This has a current MCAP of £23M for a company worth in excess of £70M+ based on very conservative view of their current accounts and profits. Whatever happens the BOD will achieve this in the short term as they as ready to go to town on expanding its potential. The fundamentals are absolutely sensational and they are very well placed in the near future to fully capitalise on the growth in the BIO fuels industry.

Couldn't resist picking up a few extra on the dip this morning as next week this will be a massively different share price once things get going into the final two weeks of the move. Good Luck All

I think they might need someone coughing in the crowd to get any traction on AIM lol. But it will soon be goodbye short term investments for a 5% rise and sell because everyone else did that morning on AIM to a more strategic long term investor that actually researches the market, company, projects, potential and balance sheet on the HKEX.

Question number Question value
1 £100
2 £200
3 £300
4 £500 Share price when it hit 1.5p at the back end of last year
5 £1,000
6 £2,000
7 £4,000
8 £8,000
9 £16,000
10 £32,000 Today's Price 5p (Company is worth double the current value so you can safely bank this amount)
11 £64,000
12 £125,000 The share price at 8-10p on AIM just before the float on the HKEX (Only have to wait a few more weeks)
13 £250,000 The share price at 12-15p as it Floats on the HKEX at this value(Only Three weeks away)
14 £500,000
15 £1,000,000 Share price 30p+ If anyone has the nerve to hang on for a year or two and watch this company hit its full potential

You know the answer but can you hold your nerve to stay till the end and walk away with the big prize as the risk and reward goes up exponentially. its easy to want to bail out early and just stick with the questions and take a modest return with little risk.

The bulk of my shares are in an ISA as well and I am not sure if they will be bumped out into my normal account when they go to the HKEX. If this triples or quadruples up from the current price I would be in for some serious capital gains tax as it will definitely go over the allowance of £12,300 before tax kicks in. I am also not sure yet how this would be affected by the fact this would be a foreign company moving forward rather than a UK based investment. I am sure if I was a Celeb, Footballer or Multi Millionaire my accountant could swerve any costs with relative ease when it comes to tax liability. Personally when this comes off and reaches 15-20p which is a very real possibility it would run into a descent return for me between a quarter and half a million GBP. So at some-point I am sure the exchequer is going to get a healthy cut. One thing is for certain now is not the time to sell any of these shares at this price when they will be worth double in the next few weeks and then potentially double again a few weeks after that.

A few more days of flat or steady trading IMO to come then as we head into the beginning of next week we should start to see the strength building in the buying ASK price. Not many people looking to sell before the move happens and that's only a couple of weeks away. We should see this push up from 6p-10p relatively easily once the buys start to appear as this is likely to be pitched in at the 15p mark. Once people see the Admission Document and the companies values, profits and aspirations this will push up past the £50M MCAP easily with plenty of headroom to go much higher. The 15th July is as good as locked in now as the SP Boom day so less that three weeks, and the days are ticking down very quickly now.

By my maths this equates to £127M GBP and with a profit Margin of around 10-20% on these projects this could equate to numbers on £12M GBP to £24M GBP in profits over the delivery term of these projects assuming they win the other third. Not a bad future as the company also seeks to expand its market share post transition to the HKEX. With those profits they could theoretically give a dividend at the current share price of between 2.6p to 5.2p per share (or in simple terms the current MCAP). Crazy numbers as this should be screaming buy buy buy at the market ahead of the next few weeks trading.

We should see a RNS release soon detailing the Admission Document then the run in will become much clearer , Richard Bennett confirmed this will be relased very soon (in a tweet a few days ago). Then we will see the transition price and actions through to the 15th July when we trade in a brave new world of longer term investors.

Within the prospectus they mention cash flow to start projects requiring Bank Loans to secure materials and development costs in the initial stages of projects. Moving to the HKEX they can better manage this with access to cheaper funds through value in the SP which will enable them to gear up quicker for expansion and taking on more and potentially larger projects. Its a long read full of legal rubbish and redacted content but still some nuggets within it.