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Elir, what's wrong with this board? Some of us don't have and don't want FB. This is the place to turn to.
Thanks for confirming Nick.
SS
No wakey wakey needed. You do not open a factory just to supply 3000 vehicles. Particularly when you are only supplying one component
Holland? I am sure you're right but not for Arrival which has two "microfactories*" in the USA, one in England and one in Spain. It would probably be a good idea to open a factory in the USA.
*why microfactories, are all the components brought in ready for final assembly?
Pablog, Could not agree more. One could understand someone deferring a buy for a short while but to be actively selling at this stage in the game is beyond comprehension.
Amones, correct. To see HCM maintaning these levels is a heartening sight after years of frustration and underperformance. The comments and insight of fellow holders on this board have been valuable to me and I am sure will prove to be so for new holders. I think Davey has announced the conditions of his 'retirement' from this board and it will not be for a long time yet - by which time we will be considerably better off than we are today...
well, so long as it's not Nick L...
No chat here? why are we down 13% out of the blue with no RNS. Even that utterly useless Pires is only down 6%
Well I was wondering about that because if you scroll right down to the bottom of that RNS you will see not only Jean Eric Salata but all all sorts of complications with Chain 1 Chain 2, Barings, Rhapso etc etc. I could not understand what was going on...
Nope. Afraid not. The only news is value wrecking news such as today's which has gone down like a lead balloon.
Quite how this board has been able to do nothing but destroy value day in day out for the past 5 months astounds me.
Wish I had joined Mr Patel in selling. Is Nick still in?
I am only getting an error message
Agricore, I am grateful for your analysis and I too shall be topping up this coming week because I think ATM is at the start of a stellar long term run. But when you look at the factors currently restricting the supply of tin many of them are short term (see the mining.com article), maintenance shutdown of smelter in China (just 45 days), disease related shut downs in Malaysia & Indonesia. Disease affecting Rwanda too (not much more than a thousand miles from us). So without wanting to detract from your excellent work I feel there is a constellation of forces keeping the tin price high. When these short term factors dissipate - as they will - we have to see if growth in demand is able to keep the price at such elevated levels and how ATM's cash generation looks at lower price levels.
Writing for Jefferies he paints a very positive picture
"The Hong Kong stock market can also continue to look forward to more US-listed Chinese companies seeking
secondary listings closer to home. So far only 14 returnee companies have listed in Hong Kong out of the 248
Chinese companies listed on US exchanges with many more expected to follow. The other issue remains
when these returned ADRs are included in the Hong Kong Stock Connect. This will be a massive boost to the
relevant share prices since mainland money will be able to buy these stocks for the first time via the
Southbound Connect.
The attractions of being included in the Southbound Connect have only grown as evidence has increased that
mainland investors are focused on the longstanding discounts available on H shares in Hong Kong. The
average discount is currently 28%. The importance of Southbound flows in Hong Kong trading
continues to be demonstrated by the fact that such flows accounted for 32% of all trading in both Tencent
and Meituan on the Hong Kong Exchange in the first six months of 2021. Meanwhile mainland investors’
holdings of Hong Kong listed stocks have now reached an estimated US$350bn, though Southbound net
inflows slowed to HK$92bn (US$12bn) last quarter, following a record HK$373bn (US$48bn) in 1Q21"
Jatw, yes, this price discrepancy is frustrating for us AIM holders, but there is no mechanism whereby we can sell our shares in Hong Kong is there (even assuming we were thinking such heretical thoughts...!). I just fear the gap widening. And another heretical thought, what would happen if HCM decided the London listing was simply not worth the bother? Would they just buy back our shares or what? Does the fungibility of the new shares affect us in any way?
Welcome on board Agricore. Appreciate your considered thoughts and hoping that your analysis proves correct.
From another long term holder...
SS
Better known as the handover of Hong Kong (in 1997) and what a terrible day that was for all sorts of reasons...
Jatw, I am reminded of your post of 11 May in which you said:
When even the cheerleader in chief is in despair, surely that is actually signalling a huge buy opportunity??
It was very prescient as we were at lows of £3.50 the likes of which we shall never see again.
What a roller-coaster it's been...
https://www.edisongroup.com/publication/strategic-progress-in-challenging-environment/29669
Just living up to its name...!
Sorry...
Rather a useful summary of how things stand:
seekingalpha.com/article/4436236-biotech-aspirant-hutchmed-sails-full-steam-toward-hong-kong-homecoming-ipo