Member Info for millsm

A see a three way results possibility that could impact the SP:

First: Straight forward results reporting, if they have sustained the previous levels of profit and performance that should see us bump up nicely. VERY LIKELY

Second: Investment and progress, the extra money they collected in the HKEX IPO was for an investment push to see them secure growth, R&D and grab market share, if progress has been made on these fronts it will boost confidence. LIKELY

Third: Will they deliver a dividend for share holders, my personal opinion is no on this as the key share holders are taking bonuses from the company so they don't need to see the dividend cash themselves, this would be a pure SP push up and I just don't see them doing this in the results, let the first two elements have an impact first. UNLIKELY

Just my gut feel but the SP is way out of whack with the company value so its got to bump up soon.

Thanks Topmoney, I am definitely still invested and not jumping ship for years to come as I expect to see some really positive results in the next few months and this flourish again back to and above its opening price. Just watched the trading today and single buys can add 5% to the share price, won't take much for this to rise in a big way when things get going again from an announcement perspective.

Lets also consider they put out a detailed and comprehensive company prospectus for the IPO and if that was in anyway misleading or fake they would have serious criminal questions to answer during what is a heavily audited and scrutinised process of listing on the HKEX. They had expensive consultants on board throughout so this should be all above board. They just need to pump the positives now and show they can deliver as they said they would. I am in no rush to sell and they just need to upturn to come along in the SP that is inevitable if the profits, wins and success continue as they have stated.

So what is there plan, as its unreasonably long time without any update, are they collecting shares somehow or waiting to make a move?

No company can go this quiet with such a dismal share price performance without a very good reason.

Maybe HL short sold them all on the IPO causing the price crash (that is a joke by the way, before everyone panics)

I still believe this is a solid investment but with every day that passes it's hard not to get negative vibes as the BOD watched helplessly as it tanked at the IPO and have done nothing to rally it since. Surely pure embarrassment on their current level of incompetence must trigger some news.

Interesting to see just how few shares bought it took to push the price up 15-20% this morning. It doesn't seem to have held but it was a very positive sign that if good news does come the SP could come up quickly with a few buys and get some interest. Lets hope the BO aren't useless and have something good coming out soon.

There are limits to buying back shares as far as I know but not sure how it works on the HKEX. I’m pretty sure in the IK you have to get over 90% to force the last 10% to sell. I think questions are going to be asked in HK if they don’t do something soon, it a quarter of the opening day price now and no sign of the BOD looking to defend the appalling performance. Richard Bennett isn’t interested in answering direct questions as to why he led everyone astray which is a little odd for someone whose claims to be ethical (but that’s business for you)

It’s about time the BOD got themselves sorted out and got some news to the market. At the end of the day it’s been a tough year for the whole world and it’s affecting the majority of companies in one way or another. But that’s no excuse for not informing the owners of the company (share holders) what’s going on. I have a horrible suspicion that the current lack of response to the market as the SP tanked downwards suggests they are looking to set up a buy back for the majority share holders as nothing else can explain the incompetence in sharing information at the moment. The value of the company is still there so why let the SP drift down without a response unless they want it low. Just my opinion but I would accept an offer for anything less that the opening process Celebs on the HKEX if they tried to get control through the back door. The cash in the bank and assets are worth more the the MCAP with the profits they have been bringing in. Something very fishy is going on IMO as this is worth 4 times the current value.

It seems to be a go slow with CNEL from a news perspective with no real news since the IPO , lets hope they are building up to something positive soon as its well overdue. I'm still here for the long term as this should be triple the current value at the moment but the lack of marketing and social media is killing the SP unfortunately. Although this is exactly the same as when the company was listed on AIM and yet the revenue, projects and profits were all great when they did report the numbers. Can't explain why they don't promote themselves as they would get much better exposure and positivity if they bothered to keep people updated.

As there is absolutely no news from the company which is shameful to be honest. The Ethanol prices continue to rally which is a good sign.

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

Did the latest update confirm the Director took up there share options at a low price only last week. Not sure they’d be doing that if the company was ditching investors.

The annoying and frustrating thing is the company performance is till great and very positive, they just need to work much harder on their marketing ad public image to boost the SP value.

He likes to be active on Twitter so maybe try and get his attention on there, the BOD are neglecting the share holders at the moment and a little public pressure on them personally would be second best to them taking the time to reply privately.

http://www.aastocks.com/en/stocks/market/ipo/mainpage.aspx

Worst performing IPO unfortunately, lets hope the BOD wake up and smell the coffee and get on the offensive soon as they can't justify bonuses at the end of the year unless they turn this around quickly.

https://www1.hkexnews.hk/listedco/listconews/sehk/2020/0918/2020091800480.pdf

Pages 17-22

Looks like the main BOD members had a bumper bonus year even if they didn't deliver SP value to investors.

The Group’s remuneration package remained relatively stable while the bonus, which is linked to Company’s operating result in 2019 as well as individual performance, met an significant increase. As a result, the total staff costs (excluded directors’ emoluments) increased to approximately RMB9 million (1H2019: 6 million).

Just read the official interim that came out as an official update a few days ago. Have to say based on the Covid short term stumble it still makes very good reading. The SP just needs to get a fair wind and we should see some value again.

The positive thing is global ethanol prices are staying reasonably solid.

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

The Current share price is ridiculous, if the chairman didn’t own so many shares he’d be out, that’s the unfortunate true as the company communication is incompetent. They showcased the move to the HKEX to boost the SP for investors and have done nothing to stimulate it after they failed to control the selling down of the loan shares on the opening day. I think the company performance is fantastic but the current situation in regards to the SP is incompetence unfortunately and should have someone taking responsibility for a huge failure to shareholders to deliver them value (the owners of the company).

Hi There, I am almost sure it was Double River selling down the shares which was always going to happen at some point but the BOD should have had some way of restricting it. I am almost sure the BOD are absolutely gutted as they would have given them the money direct if they had known what was going to happen IMO. As they could have easily sold a few more shares at the IPO for 10p and the share price would still be up there now.

I have been quiet on here as I check everyday still but have to be realistic this is a mid to long term recovery as the company will need to post some positive news and projects to start to swing the price back upwards.

The company value hasn't changed in my opinion from an investment perspective as the company is doing well and they are delivering solid profits, growth will stagnate for a 6 months due to the knock effect of COVID but when lots of companies are falling backwards that's a good position.

The BOD seem to be good at running the technical, sales and forward planning part of the business but should sack the marketing person and get someone competent as they have a lot to shout about but seem to sit on their good hand like a poker player who is ready to scoop the pot. Unfortunately we live in a digital marketing world now and being in the news is absolutely key to success.

One major bonus is that this share price can rocket in hours and it could recover 50% in an hours trading based on its volume when things happen, so I am holding firm and still believe the genuine SP value is still 12p+ even if its cheap as chips today.