Member Info for RomeoTango

I as to sad to post today. They wwould have been better staying on AIM.

Does anyone know equivalent bulletin boards in HK ?

Not quite. we still need the cancellation notice :)

wow. an 81% spread. The market makers are going to rape anyone that wants to get out today.

Morning all. I am sure it won't take that long. Most trades are T+2 so all the trades in crest should have cleared by Thursday and then it is a simple job to move the accounts to Hong Kong. I bet just II covering their backs.

I think the announcements are made in Hong Kong tomorrow, so it will have to be made at 0700 London time. Will be shocked if there is no announcement tomorrow am.

So i expect we will hear the IPO bid price on Tuesday; the guesses so far.
10.0p -
10.5p -
11.0p -
11.5p - Shabalva
12.0p - RomeoTango
12.5p - Millsm
12.4p - buttsbridger
12.7p - Toptrader
12.75p Hertstrader74
13.0p - Ultrainvestor / Scotlouie
13.4p - Kill
13.5p - Ben1234
14.7p - Manunited31

We are so close now. I reckon
1 - The arbitrage gap will start to close on Monday (only serious holders left now)
2 - Pricing on Tuesday
3 - IPO on Wednesday
4 - Big first day trading on HKEX, up 40% to 17p.

Good luck to all !

So i expect we will hear the IPO bid price on Tuesday; the guesses so far.
10.0p -
10.5p -
11.0p -
11.5p - Shabalva
12.0p - RomeoTango
12.5p - Millsm
12.7p - Toptrader
12.75p Hertstrader74
13.0p - Ultrainvestor / Scotlouie
13.4p - Kill
13.5p - Ben1234
14.7p - Manunited31

We are so close now. I reckon
1 - The arbitrage gap will start to close on Monday (only serious holders left now)
2 - Pricing on Tuesday
3 - IPO on Wednesday
4 - Big first day trading on HKEX, up 40% to 17p.

Good luck to all !

So i expect we will hear the IPO bid price on Monday or more likely Tuesday; what are your guesses:
10.0p -
10.5p -
11.0p -
11.5p -
12.0p - RomeoTango
12.5p -
13.0p -
13.5p -

We are so close now. I reckon
1 - The arbitrage gap will start to close on Monday (only serious holders left now)
2 - Pricing on Tuesday
3 - IPO on Wednesday
4 - Big first day trading on HKEX, up 40% to 17p.

Good luck to all !

I have been trying so hard not to watch. But for what it is worth, here is my interpretation. Having read the RNS a dozen times for clues it is clear that the order of events for Tuesday are:
- Results of allocations in the Hong Kong Public Offering
- Last day of trading on AIM

The results allocation look like they will be announced first in Hong Kong on Tuesday (Hong Kong time), and once the information is in the public domain, they will have to announce to AIM (London time +8)

QED: I expect we will see news at 0700 on Tuesday and Tuesday will be the last day of trading. I would expect the arbitrage gap to significantly close.

Sorry I have been away this week. I was hoping we would have heard more news. Come on CNEL, come on HKEX ! My gut says no news means they are working through the placing and that this is going forward as planned. Albeit quietly.

So Hong Kong funds can bid up to 13.4p for shares which takes the market cap to £74m. I calculate the PE will be about 12 at that level. The average PE on the HKEX is 15, so logically there is upside for the funds as the price should get to 16p to be average with the market. This is a win win for everybody, and therefore very likely to complete.

HK$ 0.98 (approximately 10.3p) to HK$ 1.28 (approximately 13.4p), corresponding to an expected market capitalisation ranging from HK$ 540 million (approximately £56.7 million) to HK$ 705 million (approximately £74.0 million). The pricing of the Global Offering is expected to be set on or around 7 July 2020.

Well something is going down. Just a reminder of the guesses of the target IPO price ... Good luck to all. If it is not tomorrow, it has to be Wednesday.

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
25.0 = Top Money (2020 YE forecast) .

British Bulls shows the 7.1p close. Never seen so many different close prices before. But at least they rate it as a strong buy:
https://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=CNEL.L

There website says they do telephone trades for the HKEX. My research comes from when CNEL first mooted the move to the HKEX in Sept 2019 so I am now out of date. MY apologies for the confusion.

Posh79 has better information than me. There website does indeed say they can take trade on the HKEx by phone. See: https://www.ii.co.uk/investing-with-ii/international-investing

II can hold HKEX shares but can't trade it. I was with them but transferred to AJ Bell as they enable trading on HKEX. Once you have a certificate, it is easy enough to move to AJ Bell.

Wow. That tells us everything we need to know. Large arbitrage buyers coming in. Probably from Hong Kong. They must expect to at least double Their money in 15 days.

I was wondering what would be an attractive arbitrage. 8p to 14p is 75% upside. Personally I would arbitrage for 50% upside e.g. 9.5p or less.

Now it is confirmed by the HKEX, then I guess they are giving their mates an opportunity to get in before the price spikes. I thought we would have news today but tomorrow is the deadline in order to meet their timetable. Good luck all.