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It could be when using 212, it buys and sells in pieces
I can also confirm that through II interactive investor i cannot SELL too. I also tried to do a dummy BUY and it will only let me buy 824 shares ???
Something very strange ???
We have two large trades that have gone through today, with offsets for 75k total ??
Although we have not directly been affected by the Earthquake, I would of probably thought there would of been an indirect impact. Therefore I think we can be humble enough if that's the case to accept a small delay.
Top up for me !!! Normality will resume very quickly here
Thanks Keith for a great update as usual.
Without releasing funding for further investment we could sit on this pot of gold for years, speculate to accumulate.
For all you long term investors £7m will buy us a lot of exiting news releases. !!
This is going to be very special.
Well done 'Team PRD'
Unfortunately i missed the GKP journey back in the day playing around with some bandits at Range Resources :-( . an experience i never want to replicate as it cost me a lot of money.
Does anyone have first hand experience on the path which GKP went on to their success, and are there any similarities ?
Well said Paul. RESPECT, RESPECT, RESPECT ✊
Thank you for taking your time to update your loyal shareholders and putting the black crabs in their place.
https://fb.watch/lN16IXypmk/
Thanks again for the tip Nick 👍 fellow CNEL holder
Generating cash to fund working capaital shows real commitment to the project. This was never going to be a straight line to a pot of gold the sky, rainbows never are. The timing of the loan is irrelevant to the share price, its a loan which they ahve had from our business to support the growth plans that they know will come to fruition. The only people it pis... off is the day traders, its the investors that will benefit ;-)
I suspect lots of limits popped this morning for the cautious investor. Hold on to your nerve guys !!
Hi All, im new to this share but from what i have read and understood so far it does look promising. For reference i placed my order today as below which has come up as a sale.
12-Apr-23 15:17:50 8.68 28,732 Sell* 8.60 8.80 2,494
Nothing changes ;-)
I still see it going down more before it returns. News will help along with good regular communication as trust needs to be built. When the employees or Directors start buying, I may invest some more.
Just pinged Richard who answered in 2 minutes that talks are continuing and there will be another update next week ????
Still in my Interactive account
Analysing the numbers one key number in particular is the % of raw material against revenue. The previous year the raw material content was around 60%, 2021 this changed to 72%. That to me is significant, as we all know gross margin is key and this type of either margin erosion or poor quoting is very destroying, it certainly wasnt in thier forecast. Pro-rata this has hit the bottom line by 50,000,000 RBM which is a huge number. Also i notice there is a significant deduction for in impairment losses of 15,868,000 is this a deferement or charge ???
Its obvious they have had a poor year due to Covid and thier minds not focussed solely on the business but i do think there is shuffling of numbers to offset gains.
Like many of you out there i run a business (with integrity) and the really concerning statement i saw in the accounts was:
The overall gross profit margin decreased from approximately 29.3% in 1H2020 to
approximately 18.3% in 1H2021. The decrease in gross profit margin was mainly due to a
number of sizable contracts which were priced at discounts for regular customers
This is a serious issue if this is the case and it is the easiest number open to manuipulation if you dont want to pay tax dividends or declare profits. As we now have some history if does casts doubt, especially when you are saying discounts have been given to regular customers, therefore all forecasts are out the window. MMMMmmmmmmmm
I had a reply from Richard with regards to 2021 results and Cnel re-listing
“The chronology is that they have to publish the 2021 accounts and annual report. I expect this to al be completed by the end of June”
Although it seems further delayed, we are still moving forward ??
Nice set of results with a huge revenue increase. However the BOD really need to look at the gross profit as the cost of sales is appauling for a high tech business like this. Cost of sales 2020 - 70% and the latest results have eroded a further 11%, there must be some low hangining fruit there to go after i thought..... until i read this
The overall gross profit margin decreased from approximately 29.3% in 1H2020 to
approximately 18.3% in 1H2021. The decrease in gross profit margin was mainly due to a
number of sizable contracts which were priced at discounts for regular customers.
Discounts ?? I wouldnt mind seeing some more information on this please CNEL pro-rata thats 30 million in discounts, stright off the bottom line
It is anticipated that the accounts will take around 2 weeks for comments on the investigation report and then 2 weeks to finish. So with a good wind behind us we could be submitting to the HKEx by the end of the year.