Member Info for saigonsally

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

The announcement seems to have been made at midnight 30 (New York time I presume) but it would appear the London market caught wind of what was happening in the closing minutes. A new chapter is opening...

Group, RNS Announcements | 18 Jun 2021
HUTCHMED Launches Hong Kong Initial Public Offering

Hong Kong, Shanghai, & Florham Park, NJ — Friday, June 18, 2021: HUTCHMED (China) Limited (“HUTCHMED” or the “Company”) (Nasdaq/AIM: HCM) today announces the launch of its Hong Kong public offering (the “Hong Kong Public Offering”), which forms part of the global offering (the “Global Offering”) of 104,000,000 new ordinary shares (the “Offer Shares”) and the proposed primary listing of its ordinary shares (the “Shares”) on the Main Board of The Stock Exchange of Hong Kong Limited (the “SEHK”) under the stock code “13”. The Company will receive all of the net proceeds from the Global Offering.

The Global Offering initially comprises 13,000,000 new Shares under the Hong Kong Public Offering and 91,000,000 new Shares under the international offering (the “International Offering”), representing approximately 12.5% and 87.5% of the total number of Offer Shares in the Offering, respectively, subject to re-allocation between the Hong Kong Public Offering and the International Offering for any over-subscriptions in the Hong Kong Public Offering and over-allotment. In addition, the Company expects to grant the international underwriters an over-allotment option (“Over-allotment Option”) to purchase up to an additional 15,600,000 new Shares in the International Offering, representing not more than 15% of the Offer Shares initially available under the Global Offering.

Next, no, according to this morning's RNS our holding in PDSB has been diluted down to 4.86%. I am puzzled why we didn't stump up more but perhaps the BOD have better uses for our newly raised funds...

Nick, the most recent item on WarDucks website 'latest news' page is dated Jan 2020. At this rate I fear it will be a good many years yet...
SS

We are now back at pre-covid levels. What a waste that has been. The path seems to be clear for solid progress and growth from here onwards.

https://www.scmp.com/business/china-business/article/3137141/hong-kong-stocks-lose-support-mainland-buyers-who-snub?utm_source=feedly_feed

Perhaps this has something to do with the lack of haste for a HK listing and a very lacklustre share price.

"More positive than negative."
Unfortunately the market doesn't think so...

Elir, Agree totally with what you say about Welsh gold. Aur Cymru (Welsh Gold dot com) do 100% Welsh gold rings and the price they quoted me for one suggests the premium on Welsh gold is through the roof. Perhaps Alba could sell little 100% Welsh gold hallmarked ingots to sentimenatalists?

Yes, agreed, Monty, this is more than just a tip...! Let's see what transpires but, like you, I hope it is something other than a takeover