Member Info for Simms45

Some key narrative from report that interested me

“During 2020, the Group secured 33 contract projects with a total contract value of approximately RMB659.3 million and completed 26 projects. As at 31 December 2020, the Group had 40 backlog projects with a total contract value of approximately RMB722.7 million.“

Nice. Interestingly Company A was a biggie at around 40% of revenue and clearly a massive win that had it been announced normally would have led to a massive rise in the share price. but unsurprisingly we have no information about it whatsoever?

“The development plan of fuel ethanol in China is still proceeding in an orderly manner as planned,”

So hopefully means Ethanol market is growing as expected.

“In terms of the direction of the Company’s business development, in addition to maintaining the existing business in mainland China, we will also expand new businesses.”

So company is finally going to push abroad. I noticed Myanmar was a new country. Will be interesting to see 2021 and how those many PR and marketing contracts all paid upfromt and in cash with nothing to ahow for it will bear fruit. If we see £20m for India great. If we see 0 i wonder if the BOD bought nice cars and holiday homes in 2021 :)

I was told 2021 could be just 3 weeks away so lets see.

Revenue up 30% to £63m and reserves are now £30m that is available for dividend. and we are worth £23m before we got dumped. Now add in 2021 results and market cap is ridiculous. if they do the job right and 2021 shows strength and even a tiny £1.5m dividend (less than 5% of reserves) that is a 7.5% yield. Frankly they could pay more. We now need to wait for 2020 shareholders report as that will have commentary. I think things are looking good and shame we wasted £2m it appears on the bods shambolic issues.

My reading from a communication is a dividend is being seriously considered for 2021 and i am expecting it. To be fair im chuffed with results. PE of 4 is hard to imagine really and orderbook and talk of hydrogen is all very positive.

Yes with Harry you can never say never. It was planned that all 1.6p warrants will be exercised so technically a placing but its built into the plan. Of course if we do not hit 1.6p pre financial closure that would be slightly different but the NPV across 3 projects is still 12p after this raise and Hawiah and JQ will rise significantly. On confirmation of security report needed to satisfy bank and where some of the £8m is for security so i kind of think a million of security will get that report signed off. If we get that report we are almost home and dry and 3p will be the price so i cant see 1.6p being a major obstacle.

I dont know the time of the board meeting but if somehow it lasted into afternoon then maybe it would not hit the Hkex in time. Hopefully they argued long and hard over the dividend, wishful thinking me thinks but monday should give us the first signed accounts, although the drafts were shown to us long ago so they should not be very different in all honesty as its pre all the independent review.

I might not have been clear. Over years because Kefi have not matched Artan our share of Hawiah has dropped to 30%. Harry was clear this was the bottom in last webinar and why i sensed a placing was likely, but hoped post more news and at higher level. However Artan is not waiting for anyone and cracking on and i guess Kefi had to stump up cash or see its share of the project fall. The placing has put a bottom lock on further dilution and Hawiah is massive and as others can see other miners in Saudi are getting huge valuations and this is just as big as the billion dollar market caps but just needs a few years or so to get their.

Yes its obvious that £8m of investors money is going into the final stages of TK and to ensure Hawiah is kept motoring along. In some ways that while there is short-term pain in the placing it is ultimately good news at this stage in the process as we are months from closure and institutions investing money will have far more detail on this than we do. With the warrants triggered at 1.6p we are all clear financially to close the financing of TK, or that is what we are told. We are still on for a very strong return over next 12 months if TK, and then Hawiah and JQ all land in the right place. The latter projects i am almost certain will happen if TK finally happens and this placing almost gives us the best green light so far.

We have all been Harried many times but the value is still considerably underpinning Kefi with the closure of TK alone. New investors will have strong confidence financial closure is in sight as ponying up £8m to lose it all in 3 months is not likely. We have to assume TK will close and an update should confirm we are on the right track. i said a few weeks ago a placing was likely as it was clear in latest webinar Harry does not want to see Hawiah dilute further and we knew Artan are rushing as fast as they can. JQ will get the go ahead this year and that will underpin the value of TK alone. There is plenty to look forward to and as long as the new investors have seen the documentation on TK financial closure then that is a strong vote of confidence. This is completely different to the smash and grab by Harry and chums earlier converting all their salary into shares. This was a sham but the BIG benefit is that all this historic investment of up to $70m invested so far will be recognised as our equity in the bank finance. Therefore if that happens we are all in very happy place.

Good to see a confident tweet annoucing results next week. Could be the tonic we need to understand better 2022 and beyond and hopefully hit our maiden profit this year. Gla

WE just need to move to the right mix of operation, development and sale. DP, in my view, is correctly pursuing aggressively multiple projects as some will always have delays, perhaps planning or something else. As soon as plants are come on stream we get generous guaranteed income that will quickly allow the company to look at debt options if it likes and grow faster and will also have options to sell on projects when the price is right. We are suffering some indigestion as projects that were expected to happen are delayed but all are moving forward and we could see a series of positive RNS over coming month as the cash from the last raise will be used to complete projects. Eqtec in 18 months have virtually gone from a standing start and in reality doing a very good job to focus on growth and set the trajectory we want to grow at. I sense that the move to 1.2p will be as quick as the last and with multiple positive updates we would see 1.5-2p very quickly.

And on the subject of Ethanol demand motorists are now specifically targeting E10 and E15 as its cheaper now that E5. For me that changes the game and will lead to much higher demand and higher blends coming to the market. This is mostly in the US but must impact globally.

“at today's prices, E15 can save an average of 10 cents per gallon of gasoline (4.5 liters).”

Very encouraging update Topmoney. Really hope you are right about their hydrogen tech as i am flying blind on that one and you must have sources as CNEL does not talk about this at all on their website. The latest update i have, and reading between the lines, is that is that the 2021 results could be released in around 3 weeks after the 2020 results and most likely if any dividend is announced it will be for 2021. That is encouraging as it shows a general confidence and perhaps it can be at a higher level. of course we would all like dividend for 2020 and 2021 but i can see how that it can play out in practise and that if the company had not gone into this mess we would have probably had a dividend in 2020 but now 2020 and 2021 are now back to back they might refrain from doing that. however if we get a dividend for 2021 on a good yield it will have a massive impact on the share as yield is a key in HK. If we do get the 2021 results announced just 3 weeks from now that gives plenty of wiggle room to get trading in place. looking a bit more encouraging now but i think Ethanol is really just finding its feet globally. most countries only just moved from E5 to E10 os the global market has almost doubled overnight. while CNEL seem tucked up in the PRC they seem to be missing the global boom boom but we will see. i am sure China are still pursuing Ethanol production and we have not even scratched the potential really yet.

the positive or negative relaunch of CNEl back onto HKex will largely depend on whether a dividend is announced for final 2020, half yearly for 2021 or final 2021 results and the quality and transparency of the shareholder final reports for both 2020 and 2021 that will be released later after the audited accounts are signed off. They have 5 chances to get it right. Obviously they also need to have had a fair few years of positive momentum but we must assume that is the case as they would have to report any divergence in the meantime. The HKex have been very clear that before the return to the HKex CNEL must provide a full update. The crazy thing is that to get this right is easy and could lead to a 5x re-rate overtime and open options to grow by acquisition and raise finance if needed. Clearly something you would expect all management teams would want and written into the DNA of a company. However we appear to have a management team that takes pride in trashing the company, doing dodgy deals with mates and reducing CNELs market cap to rubble making it impossible to raise funds and make acquisitions and trashing its standing amongst its peers and impacting its sales opportunities no doubt. i hope the management get a 5/5 above but nit holding my breathe. what is the real plans of the management team as that is what i am interested in. I think there must be internal conflicts that we might not be privy to as i cant work out why a management team would commit this self destruction with such conviction and vigour.

I am sure Portfolio Power is long gone but we are back at .8p where we were 3 weeks ago so although frustrating we have £8m, more than enough so we should see Kefi speed its way back up again as placings are done. Only issue is whether we get the overhang or not as we do not know who the shares were sold to. Anyone who can see the opportunity can buy in at thr same price as Harry and chums at .8p which in the grander scheme of things could turn out quite nicely.

Sent emails to both. CNEL needs to reward long standing shareholders and 5 years of growing profits and big capital reserves is almost expected that a dividend is announced so we will see. Its obviously very strange times for the company and so far not a lot has changed at the top. I think we have 1 new name after all this. Richard and non execs have their work cut out to keep a closer eye on the board to stop money exiting the backdoor.

I had a feeling a placing was in the offing and frankly its par for the course with Kefi for most long-term shareholders who have seen this on a regular basis and explains the sub penny price. Feels a little deep but i would say a classic case of institutions smelling a big return and piling in right at the last minute. Someone wants to keep the share price down for now. We have £8m so it means no further dilution before TK closure. Its probably a positive in some ways although if they had waited a month surely 1p or more was possible. Mates rates placings but pis still stand to gain significantly by July. Buy the dips.

Certainly MCs recent talk of partners in the data room is quite promising. Clearly an earn in would be a huge bonus for Condor and given the huge concessions Ortega awarded Condor, that realistically we have no plan to drill for sometime, would make huge sense as i am sure Ortega is telling RT to make some investments and possibly having some involvement and explain recent meeting. Hopefully also we confirm land and maybe then get this toll signed. Plenty of options but happy to wait for BFS if anything is bubbling along as we could do with some news to take Condor back to the 50s.

There is stong support above .75. This popped from .7 up to 1.25 a few weeks ago so update this week or next and a project closure would take us up past 1.25p very quickly but we just need to wait until these deals start to pop and recent £10m raise should help oil the wheels and get some deals over the line. Looking like good timing at .79. I was a little early as was adding at .85 but tempted further if i can free up some additional cash as this will explode upwards when eqtec start to get these projects off the conveyor belt.

We are all waiting for the big partner to bring serious money into these projects but so far eluding Eqtec at the project level or any major strategic investor. We are getting close to the big sluice gates of investment opening but just feels we are not quite at that point today. My expectation is we get as many projects operating with a 10 year guaranteed income and then flip them to bigger energy companies for a premium who will be keen to take them on so we can book tidy capital gains and lock in 10 years maintenance contracts. However we simply need as many projects moving towards operation or financial closure as humanely possible as there will be no shortage of buyers once we are in that position.