Member Info for millsm

I can see some insider trading happening now which they will get away with under the trading suspension that's happened. The results are very positive and the company share price value can shift very quickly and after months of nothing the BOD seem determined to get this trading again now in the next few weeks. I cannot believe people in the background aren't looking to jump in on this now at the low value before it takes off, if nothing else the price of Ethanol makes this look like such a bargain investment to double up on value very quickly. Who knows what will actually happen as this can be so unpredictable but the company is worth at least three times the share price so something has to give soon.

This is the interesting number now, sounds like they are looking to get trading again sometime this month if they can. So what will be the opening price, I believe it’s going to jump up from the current price of 4.5p UKGP once converted to something substantially higher hopefully. This is going to get some attention now and with the price of Ethanol at such a high level it’s all looking very good. Only time will tell but the India hint has to be of interest and boost the value if that’s such a big opportunity.

I’ll be honest I have no idea is this is good or bad news. PWC have resigned as they refuse to sign of some out of line payments so the company have kicked them out to bring in someone new that will. Maybe this is the way it’s done in HK & China as they are effectively payments for favours that are a little large and discreet to get access to future markets and sales. PWC are not happy they are above board but yet they could be a way of the company opening up a huge opportunity base for the future. Sounds like they at least want to get trading again and it was clear PWC were never going to green light this (so they have gone now). They must know someone else will sign this all off as otherwise they’d still be working with PWC to resolve this instead of giving them a deadline which they refused to accept. Can’t say this gives me a warm feeling but equally the company seems determined to press on now and resume trading as soon as it can. Who knows if these payments will ultimately be a big boost to sales especially in India but they were obviously a little suspect to have caused so much paperwork. Fundamentally the sales, profits and turnover are still very very positive so I can’t see the share price not recovering to more realistic levels when trading does start again but how did they get into such a mess in the first place.

The HKEX must be so embarrassed with this company as the BOD just don't seem to be able to get anything done on time or correctly. Surely the Chairman needs to be told to get his act together by now and get the required audits completed and signed off. It can't be good for sales to be looking at a company to award a project to that is suspended from trading.

I think this is all to create a shake up to get them back on track with the auditors and get the updates and processes sorted. If the BOD don't get it right this time it will be a senior management issue rather than a specific job role problem. Looks like they are getting their house in order though so this should see things get sorted and us back actively trading soon.

Put in 01156 and get the latest updates

https://www1.hkexnews.hk/search/titlesearch.xhtml?lang=en

Does this mean we are coming to the end of the news blackouts?

The company shares are suspended and their current news article is about Yoga! The BOD need to wake up and smell the music

http://www.zkty.com.cn/a/202105/540.html

if this was to go down the HKEX would have a serious problem on its hands as they only vetted the accounts, management and company 12 months ago, so I don't think we have anything major to worry about, the BOD just need to get this sorted and stop the embarrassment.

The annoying thing is that the BOD are key shares holders and if they didn't know what was going on with their money they would be going crazy at people to update them. One rule for them and investors are left without any genuine news, they are incredibly selfish at the end of the day which is why the SP is so low as they have very little trust. Which is a shame as the companies performance is very very good in a rapidly growing and profitable sector.

Results are very good
Ethanol Prices Rising Quickly
Good Solid Order Book
Updates on Website (Project Updates and Industry News Tabs Showing Updates)
Proper Audits by the HKEX

Are things all moving in the right direction now to start to see SP movement upwards once we clear the investigation

https://tradingeconomics.com/commodity/ethanol#:~:text=Ethanol%20is%20expected%20to%20trade,0.79%20in%2012%20months%20time.

I think one of the things we can’t appreciate in the UK is the speed and aggressive nature of China’s development. Everyone of these new developments the company builds the more it had to service and maintain too. Things in China move in a pace and size we just cannot appreciate.

Key factors on investment in Ethanol is the very steady and positive growth in the price which is predictably moving upwards. This encourages investment as you are almost certain to be getting better returns in the future which Banks and Lenders really like.

Maybe the BOD are listening to what's being said after all

http://www.zkty.com.cn/a/202104/535.html

Whose going take a guess at the opening price when they end the suspension. I think 7p is a not too unrealistic price it will reopen at based on the results. Anyone else got a guess?

https://tradingeconomics.com/commodity/ethanol#:~:text=Ethanol%20is%20expected%20to%20trade,0.79%20in%2012%20months%20time.

The results were un-audited and didn’t have the company statements attached and I don’t think they said either way about a dividend. We should expect a fully approved set of results and full statement on accounts to come.