Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
6 weeks on from sending in relisting documentation and nothing. Disgraceful behaviour by everyone involved yet again. I am thinking that hkex are after coming back with something unsavoury and they are fighting it in background. Least company could do is come out and give us some indication of the timeframe.
Hope we are part of this trial. Only future for work in ethanol industry in prc.
https://news.cgtn.com/news/2022-07-02/China-s-largest-coal-based-ethanol-project-put-into-trial-operation-1bkYKL9hPaw/index.html
Its over. They have done the unthinkable.
Forget it. Its over. We are not getting relisted now. We have been looking on with blinkers hoping that theres redeeming features for bod to pull out of the bag. But there hasnt. Employees not buying shares at share offering for 1.5p told us all of imminent danger. That danger is now on our doorstep. I just hope that BOD get there come upons. I think Richard Bennett is as shocked as us. Haven't been speaking to him but I think its him and other neds who have pushed out board meeting for mkre details. Same as they did before suspension last yr. Its over. Ivy Xu emailing me all yr that business is as expected.
Invite sent to Facebook group. I have been ikn contact with Ivy Xu a lot over the last 6 yrs. Last email I got was a link for the hkex H1 results when they were uploaded on hkex. This message contained a Chinese symbol. I sent it to my friend who is from Ireland teaching in Shanghai. It was a friendship symbol. I was thinking that it had a deeper meaning. Lke everything is going to be ok. I am also thinking that cnel is in excellent condition in the background. Hydrogen is going to be huge and over a long perior of time. I can honestly see cnel being a £billion market cap company.
Great idea milism. I am well up for that. We really do deserve it. I would have been in hong Kong for IPO if it wasn't for Covid. Ended up watching launch on iphone on brink of nervous breakdown. One thing about the suspension means I am not up every few hrs in middle of the night watching shareprice. Instinctively I was waking at 3am every night. Looking forward to that again. Especially with new hydrogen tech. Hopefully news soon from Zambia. Zambian government launched an online discussion to debate E10 Zambia. That was another tick box exercise to getting legislation through parliament. My independent Zambian source has me well informed. Putin has really put Ethanol on the map. Especially in countries where theres no resources.
I just cant wait to get low down on the company. If we get suspension lifted then I think company will go on a pr roadshow similiar to ipo. This company has put me through a lot but about to make some of us life changing money.
Hugely positive. I think Friday that a dividend will be announced. I also believe that resumption of trading is now ominous. They have passed every test and more importantly the business side is thriving which means its an important company for the hkex to have listed. I cant see us not hitting £200 million market cap 2022.
Based on the fact that we got an rns on 3rd of may for 16th of may for the H1 21 results. I am assuming we are near getting an rns regarding the board meeting for the fy21 results in the next few days. The original schedule was that they would be released in the end of May. I think that ivy , Richard and the crew are being very quiet because we must be very close to getting to the finish line. Watch this space.
Can we get your opinion. Richard Bennett is being very silent. He is completely gone off Twitter and never responds anymore. If we are still on track which we seem to be then we should get fy21 results by end of the month which is only 2 weeks max. With all results up to date, investigation over and 3 months to put internal controls in place then we must be very close to getting decision from hkex. I have asked ivy xu in an email whats the trigger point for the suspension decision. Management have to know at this point what last criteria is.
£4.1 million profit. 11 contracts signed worth £18.9 million. Acquisition of 51% stake in hydrogen business. Great future ahead. These boys know how to do business. We are heading in the right direction. 1.5 and 2 gen tech also mentioned. We could be ready to exceed £10 million net profit 2021.
Super exciting. All we know is that they had €86 million in backlog of contracts. Were these fulfilled. Was there new work from dehydration membrane device. Was the national development project a success? We mightnt know all tomorrow but should have good indication for end of the month.
Well infairness this update is what it says on the tin. It's approving the 21H1 results. Plain and simple. They seem to have momentum behind them now. Let's hope we get £10 million fy 21 profits. With backlog of projects worth £86 million then it should be achievable.
Lads page 40 in the report is a horror show. Dla report in January was very clean cut stating no wrong doing. This is completely the opposite. I am completely perplexed.
Key findings.
£5.3 million profit.
Contract backlog of RMB 722 million. This equates to £86 million.
£2.1million for legal fees and auditor costs for mess up.
Most positive outcome is paragraph about hydrogen. The company will solve the issue of hydrogen storage, production. This is gigantic. We are on for a bonanza. This has been the biggest issue with hydrogen.
Yet another complete let down from the company. Missing another deadline. They are some boyos. Dont like where this is heading. Must have been controversy at the board meeting and they couldn't approve results. Doubt auditors missed the deadline as this is their bread and butter. Sticking to deadlines is part of their service. Remember these results had the £2.2million 7 dodgey payments.
Read these 2 articles. Its a good background to ammonia for hydrogen carrier. Ivy xu just told me that they have no contracts won but are in second phase of testing the technology. If they can use ammonia at an industrial level with this technology then it really is ground breaking. https://www.forbes.com/sites/peterdetwiler/2020/12/16/maybe-the-hydrogen-economy-will-become-the-ammonia-economy/?sh=401e402c4936
https://www.sciencedaily.com/releases/2020/11/201118141718.htm
I personally believe that they are after unearthing new hydrogen tech that will be a global phenomenon. Green hydrogen is the buzz word. Efficient, cost effective, safe production, safe transportation method, thats the key. Cnel are onto something huge in hydrogen. If they get it right which I believe they are, cnel could be 1 of the top listed companies in HKEx. They are building a pilot plant to demo there technology. They are using ammonia as a carrier. Do a bit of research on this and you will see that ammonia makes transportation and storage of hydrogen very safe. They are on to their second phase of testing. This will be the main hydrogen tech in PRC if it works out. Why have CNEL been winning national awards for innovation. They are in the right market, in the right country. Remember prc announced 5 industries of the future for their 5 yr plan. Hydrogen was at top of the list. If this technology ticks any box we are a billion pounds company hands down. I personally think cnel are not rushing trading resumption because they want it to happen when they can announce huge milestones. Ethanol is dead in china but not Africa. Mr putin has done us a huge favour. I am 100% convinced sunbird Zambia is going to be announced. Price of fuel and more importantly energy security are top of all national agendas.
Xuhj@zkty.com.cn
I already know that this is not going to happen. Why pay your shareholders a dividend. Horrible ppl. Think everyone needs to really get on the bandwagon and get emailing.
These boys at the top dont care about us at all. We are in seriously dangerous territory now.
Hey guys. We need a bombardment of anger at the company this week. If a dividend isnt announced on Friday then company is a complete fraud. If theres no dividend announced we all know that the future for us as shareholders in cnel no longer exists. We have been promised share buybacks in the past that never materialised and have been offered up the suggestion that there will be a dividend discussed at the next meeting for yrs now. Well its time we get paid. Dividend has to be announced next Friday. Everyone needs to air this to Richard Bennett and Ivy Xu.