Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Wow. big deal size. Someone expects news on the HK listing soon. May be next week ?
Yes, I think so too. They should be hearing back from the HKEX any day.
I agree Millsm. These are unusually large blocks today. The largest was £15.9. Large players moving in.
The HKEX will see this as an IPO, and it will be re-valued by the brokers/market. Most HKEX companies of this type trade in a PE range of 10 to 15. If you extrapolate today's share price using those PE ratios you get a share price range of 14p to 21p.
The key takeaways:
1) Expect to happen within 3 months
2) Process will happen quickly so need return our Election Forms (only 10 days notice from date of approval)
3) Market cap must be greater than £50m means a minimum SP of 11p. But on a PE of 10 the SP will be 14p or on a PE of 15 the SP will be 21p
4) COVID-19 not effecting the process
Can't wait :)
I expect we will see solid progress on the HKEX listing. Once they have approval, it will happen very quickly. PIs will need to take their positions or be left behind.
wrote to soon. dividend due shortly :)
Dividend is due.
Just started to read the 463 page draft prospectus. A lot of work gone into this. But the summary is that the minimum Market Cap required to re-list on HK is £50m which gives an implied share price of 11.5p. Bring it on !
Here's Why I Think China New Energy (LON:CNEL) Is An Interesting Stock
From Yahoo Finance https://finance.yahoo.com/news/heres-why-think-china-energy-063645729.html
There are some really interesting points in this article including
* Improving profits
* Shareholder alignment (directors are buying)
* Improving EPS
* Growing profits
AGM to authorise transfer to HKEX in H1. Share repurchase program. Soon 10p IMHO.
Whoa! that was worth the wait. Revenue up 59.4%. Net Revenue up 29.3%. Just reading the detail.
Everyday the news out of China is that that they are getting back to work. Even the restrictions in Wuhan are being lifted. This will be moving forward again before long. Just wish these results would hurry up. I want to see how they are doing with their order book.
I have set up an account with AJ Bell too. They tell me is straightforward to trade HKEX by phone.
Once the market stabilizes this should flip back quickly as the fundamentals have not changed. I don't see any change in demand for antennas or slow down in the roll of of 5G. If anything, with all this home working, 5G implementation may accelerate. There may be more buying in soon as the are paying approx 5% dividend to all shareholders on the register in first week of April.
They promised bumper results, early results announcement and move to HKEX. I thought we would already have seen the results, but they must be imminent. Investors probably responding to that, or that China was first into the crisis and is the first to pull out.
New COVID diagnoses in China today were 44. Less than France and Italy and only a few more than the UK. China is nearly past the this and businesses are returning to normal. Whilst we are going through chaos, they will be back at work fulfilling their orders from that very large order backlog.
The Chairman's last statement said they were about to release their best results ever, and they were largely unaffected by COVID.
I have followed this for sometime. They always earn more in H2 than H1. This bumper Year is of no surprise to me. But what is unusual for this company to be so confident of their future prospects. They are very bullish about their order book and revaluation in HK. Frustrating for investors but getting there. I suspect the re-rating will be sudden and big. Staying long.
I think it will be soon after the 10th because of chinese new year. But I am expecting bumper results.
I am surprised at the sells. It is patently obvious they are going to Imminently release there best ever results and continue the plan to move to the HKEX.