Member Info for scotlouie

those pesky mm's trying to go on a raid for stock before listing price news arrives. cant believe were sub 7p when theres a high chance of entry price of 11p+ within days. makes no sense for price to be down here but guess just need to hold for value coming in next couple of days.

thats great news... now everyone stick it into CNEL on ipo and watch it grow :)

RKD yup you can do that. and doesnt sound too hard. like you say phone them up and theyll make the trade for you at X pence . i do feel when CNEL release news next week of admission price mms should start to walk price up to meet that as theyll be so many buys scooping up anything under that price and happy to hold onto the HKex. i actually thought it would of been over 10p just now but hey ho. the mms are still filling either sell/buy orders in the background by the looks of things

just got an email from HL explaining the costs and move over to HKex. worth logging into your account if your through HL and have a read.

on a plus side i was quoted £200 sale quote a while ago when the shares get transferred but todays message says £100 dealing charges, thats a bonus!

big chunky buys going through at 1.08p good sign if someones in the know from across the pond. all bodes well for a good end to the week/ next week

good to see it breaking 1p after a few failed attempts over past week or two. nice steady climb upwards before permit news drops will be good. few % each day/week in far better than the huge spike up and crash. no doubt permit day will be a busy high volume day but up to that ill take the small climbs

nice article topmoney. shows whats possible for cnel if the asian investors get behind this on ipo amd first day of dealing. no reason why it shouldnt settle 15-20p in coming months. huge order book and revenue to substain a sp of that price.

topmoney ive copied the below statement from last years results

"Net profit margin decreased from 18.3% for the year ended 31 December 2018 and 14.9% for the year ended 31 December 2019."

below statement is from 2017 results

"Net profit margin remained relatively stable at 17.8% for the year"

so 17.8%, 18.3% and 14.9% . all found in final results statement

last years net profit margin was 14.9%

theyre printed 30th ... from yesterdays morning ben right after the crash from 12p

i did ask the question yesterday if mms were holding the price in the 8-9p range to fill big orders in the background. nothing popped up after hours yesterday but looks like theyre popping up now. good sign if theyve finished filling and would explain the crazy trading yesterday. must be alright getting mates rates!!

no problem shabalava, dont know why they said that to begin with. i had an email confirming that the shares would be transfered out of the isa and held into a fund and share account then further comms would be sent on selling the shares via HSBC if cnel is sucessful in moving to HKex. all very straight forward in the email so gave me no reason to panic or sell up pre HKex move. all i would have to deal with is a charge of £250(ish) instead of my usual £12.50! but if you factor that in future % gains after listing it should be well covered. but if some who have a small holding and thinking £250 dealing charges is a bit excesses they have up to july 15th to sell their shares at whatever the price reaches up to then. for me a sp 12-13p sp price i wouldnt care about the dealing charges. the profit alone covers that.

but like you say, they said to you that it will be ok so all good i suppose.

all holders just 3 options:

sell pre delisting date of july 15th
sell on entry price 10-13p (soon find out next week what price will be)
or hold long term and carry on the journey through whatever broker who can hold your shares.... simples :)

almost textbook! fill the gap. collect on the way down then let it rip all the way up. nice healthy blue day tomorrow please mms

going on their email then yes looks straight forward and can hold no prpblem. just need to phone them when your wanting to sell ypur holding and they'll do this with the costs listed below

i agree 1750, just need to fill that gap at 7.10p and hopefulyl start the sustained climb upwards. slow and steady!

i wonder if mms have a big buy order in the background between 8-9p? would make sense from the huge drop this morning even if people were paying 12p on the bell and now struggling to break out of the 8-9p. i dont have lvl2 so cant see the limit orders in the background. but if mms are keeping it here to fill a big buy order they should let it go once its been filled. just seems weird trading patterns considering opened at 12p people were buying at that level but had a huge 50% spread, almost like mms didnt want action at that level and dropped it to suit their needs. all in my opinion but guess we'll find out soon enough or maybe see some heafty trades popping up after close in the 8-9p range.

dyresearch. you dont need to obtain share certicicates through HL if your a holder with them. they will just move the shares into a share and fund account but wont be able to trade online you just need to phone them to sell through their 3rd party broker being HSBC

fees of sale after HKex move if anyones with HL and interested in costs;

Telephone rates of commission 1% of the deal, with a minimum of £20 and a maximum of £50.
HSBC Custodian charge of £15 (stock on The Hong Kong Exchange have to be deposited to HSBC).
3rd party broker fee of 0.35%, minimum 2000 HKD (approximately £200).

ultra, no catch cnel still needs new investors willing to pay up to 13.4p (equivalent price) for entry on HKex. nothing is 100% gaurenteed but looks pretty nailed on. i think sp will settle around 12p if not today over the course of the next couple of days. mms dropping and widening spread for their own beneift not creating a true market but when it gets back to normal then i expect a climb is on the way. still money to be made here before the 15 july dealine of cancellation. and those shares that will be sold will prob be lined up for HKex investors anyway who can easily transfer to their own broker or trade on their own broker at current below market entry price

spread narrowing now, mms collected and sellers cleared. clear sign of some movement upwards creating a more liquid market with buyers vs sellers.