-3x Short China Discussion Threads

[rajauk] 30/3/2011 07:38

Stegrego
Don't agree with you there totally. This is not the only Chinese company who's valuation defies belief when it comes to valuation. Aim market treats them as if they are worthless so not surprised by this news.

[stegrego] 30/3/2011 07:32

Agree that they have deliberately kept the price down with unwarranted depressing statements.

[njp] 30/3/2011 07:31

Just goes to show what a ridiculous market AIM is. I can fully understand their frustration. Nice gain for those still holding.

[joe say] 30/3/2011 07:22

guess who's now regretting not topping up yesterday,and plumping for FCCN instead !!!!

[fft] 30/3/2011 07:18

The offer might not be what we want,but, as they say, something is worth what someone will pay for it, and with the management shareholdings, people are uncomfortable paying more than 2-3 quid for it.

And, they could have done this at a far lower level and we wouldnt have had much choice, so i think they have been reasonable. and i will be well in profit with a guaranteed easy get out, not having to drip, drip, drip :-)

[stegrego] 30/3/2011 07:14

It's a rubbish offer when the shares are worth double that.
I guess it's better than nothing but nevertheless very disappointing.

AIM and the UK punter strike again.

[polythene] 30/3/2011 07:13

Reflects the miserly rating afforded on AIM. Offer is still only PE of 5.9. No chance of offer not being accepted, but I will vote against. Would prefer to stay on board for HK listing. Someone else will make the money now.

[molatovkid] 30/3/2011 07:12

I'll take 380p now....a bird in hand is worth 2 in the bush

[fft] 30/3/2011 07:06

what a set of RNS's.

results have diluted eps of 64.2p.

And a delisting and tender offer at 380p. Which is, i think on first thoughts, a good offer. With the main bloke and his friends having 64%, it could be run very much as a private company with no come back for other shareholders, and with little regulatory restrictions.

[mattjos] 29/3/2011 00:41

early days still but, suggestive of a much greater than 1:1 relationship between cars & batteries. Trials in Israel need watching also



Shoto need to move up the value chain as fast as they can, once the dominant automotive battery technology becomes apparent but, in the meantime are doing fine in the sectors they have targetted

[cordwainer] 28/3/2011 22:50

Well I hope it's all 'bonkers' and that no further profit warning makes it less bonkers.

[crawford] 28/3/2011 14:53

Evaluate,
yes, agree entirely with your view, seems like the market is punishing them because they had such an exceptional year last year.

[crawford] 28/3/2011 12:23

Couldn't believe last week I was able to pick some of these up again at 242p.

I don't understand why they are at this price but then, what do I know...

[qvg] 25/3/2011 16:58

raja, yes I agree. I held RCG for about 6 months, until I saw the error of my ways. luckily did not lose much. in my view RCG v CHNS = chalk v cheese.

[rajauk] 25/3/2011 12:09

jak1 don't see any similarities between chns and rcg. And although not my proudest moment over the last 4 years or so I thought there was opportunity like rcg to my cost.
Looking back I realise I should have seen the signs that were their to see.
Here we have a company with real assets that anyone can understand, has no debt but significant cash on balance sheet and pays out a dividend.

Raja

[jak1] 23/3/2011 11:21

Yes we all thought we had a reputable board with RCG as well, and look how they turned out...

[edmundshaw] 23/3/2011 10:06

JHL situation does rather underline the dangers of large majority ownership in AIM shares. However JHL are going to have difficulty IMO listing on a western bourse after the last trick they have pulled (fwiw I have no financial interest in JHL).

Fortunately for us, here, we have a reputable board who are likely to want to stay that way. Additionally, the combined holdings of the chinese board do not come close to the magic 75%, so minority holders could not be so easily shafted anyway. But some other foreign AIM shares are suffering, as is the AIM's reputation.

[pruncorn] 23/3/2011 07:42

Polythene, I think the lead acid batteries are a component part of one of the 'Cheap' technologies mentioned in the article. As a large manufacturer and recycler CHNS should be able to benefit from the increased demand. I think there will be a mix of technologies as the author suggests. In my opinion pumped hydro will dominate the wider storage needs but lead acid will be required for more localised storage.

[polythene] 23/3/2011 07:05

Is CHNS involved in such grid level storage initiatives? Do back up batteries meet this definition? I suspect not. Certainly, not cited in the article as one of the capable companies, but I accept that a Chinese company may not be on the radar at all.

[bbluesky] 22/3/2011 22:01

Much food for thought. Many thanks Mattjos.

[mattjos] 22/3/2011 00:31

Worth reading for the long term holder: