Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
I just transferred my holdings to A J Bell. It’s a really good online service in the UK and they can trade shares in Hong Kong by telephone. When I did my research I found 3 good Online dealing accounts in HK. I will try and repost later.
I got him on WhatsApp. His number is in the RNS.
The online documentation states that they must give 10 days notice for the move to the HKEX.
During that period you can notify The registrar, computershare, what you want done with your shares. A new HK certificate or sent directly to your HK broker.
It looks like a bit of paperwork. But no one is going to loose there shares. Computershare are too professional for that.
Me too. I have been thinking about this today. The HK story still seems strong. The fundamentals remain strong. My guess is people are selling because they can't hold HK stocks (true of sume funds) or like Gilby reported, brokers are selling client holdings. A buy opportunity ? or a worry ?
Also, found this article while do my research. I have auto translate turned on in Chrome so I could read it.
http://www.ryanbencapital.com/2019/10/08/4d3cad5cfa/
I agree. I started the research process over the weekend and found the following useful comparison:
https://the-international-investor.com/comparison-tables/hong-kong-international-stock-brokers
I am looking at Philips, Polaris and DBS for starters
Gilby. I just logged in and was disappointed to see the price closed down, but was feeling very optimistic when I saw the spread had closed. To me that is a sign the selling is coming to an end. But then I read your note...
Firstly, I have never used share centre, but the election form on the website gives 4 options to continue trading: http://chinanewenergy.co.uk/uploads/soft/191002/1-191002233914.pdf so I don't know why share centre are oferring you 1 option or else they will dump your shares.
Secondly, that although the EGM is on the 23rd of October, my understanding from the documents is that the shares traded on AIM will transfer almost simultaneously to HKEx, if approved sometime in mid December. And if it is not approved, then the shares will continue trading on AIM. So why a broker is forcing you to sell your shares or request a certificate today is beyond me.
For all our benefit, i suggest you contact share centre and report their rational to this board.
I have not yet received a letter, but will be checking the doormat tomorrow. My concern is that if retail brokers force-sell client holdings the share-price pressure will be downwards.
I believe in the big picture, so I am tempted to buy. But feeling a bit unnerved by this.
Anyone else ?
20p is only 15 times earnings right ? This is so undervalued at 2.5 * earnings.
Not a chance. Read the EGM documentation on their website.
It is easy to continue to hold and trade shares on the HKEx:
- If your broker can trade on HKEx you don't do anything
- You can open an account with a broker that can trade on the HKEx and send them your new account details
- You can request a certificate and send to a new broker that can trade on the HKEx
There are some possible exits too. If the HKEx subscription is oversubscribed, then there is a mandate to make an offer to the AIM shareholders before the transfer to the HKEx.
There maybe some paperwork to fill out to get the benefit of the re-rating. But that's it.
I agree, except I thought the conversion of the loan to equity would be positive. This HK investor is converting his loan at 4.7p and must be expecting a big return. He is obviously backing the company through this process and expects a return.
A bit late in the day, but the notice of EGM is good news. They are expecting the transaction to complete in December. The EGM gives authority from the 23rd of October for 3 months, so the backstop is 23 January. I expect to see this re-rating before Christmas.
I saw David Palumbo recently present EQT and put it on my watchlist with a view to buy. If Ebioss are trading out, then that is painful in the short term but it will build a new sp floor at this level. Buy my question is slightly different, I was just going through their website but the new CEO David Palumbo is not referenced. Has he taken over yet ? Is he driving the business ? I hope he is because I thought he knew what he was talking about and will turn this company around.
Never seen this before. Just small trades on the “buy” ? Calm before the storm ?
It's hilarious. The story is in plane sight. The RNS on 04 Feb says that an investor "Double River" is prepared to buy shares at 4.7p to fund the HK listing. Investor is expecting a return on a 4.7p investment when this transfers to the Hong Kong Exchange. Investor must want 2x on money IMHO. When Hong Kong timetable is published you know we are close.
https://investegate.co.uk/china-new-energy-ltd/rns/convertible-loan-agreement/201902040700059092O/
I predict my first 10x bagger.
Value today should be at least 10x 2018 profit of £5.2m = £52 million market cap with share price of 11.2p
But this looks to be a bumper year. Strong order book and a doubling of revenues in first half. I predict doubling of year end revenue and profit and price of 20p
They will get the value in Hong Kong !! Massive arbitrage for PIs
Must be interims and update tomorrow or Monday. They have never missed.
They are also keeping their word that they will invest in IR. This was just out on Proactive Investors: https://www.proactiveinvestors.co.uk/companies/news/903213/mti-wireless-secures-us1mln-military-antenna-contract-with-european-customer-903213.html
They will delist from AIM and within a very short period of time (days) will list on HKEX. The prospectus on the website makes it clear it is a new listing, and therefore I assume the brokers will set a new price when it lists on HKEX. A new price will be based on fundamentals e.g. PE ratio and market growth opportunity in China.
Why would they dilute ? This is trading on a PE of 2. It will trade on HKEX at a PE of >10. That is the arbitrage.