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China Chaintek Share Discussion Threads
Showing 226 to 249 of 250 messages
|Apart from the inconvenience of losing their chairman, CFO and UK non-exec.|
|Nothing to stop them relisting when they get a nomad.|
|Nor did I, but a lot to be learned from investment disasters, even if made by others.|
|Never invested in this one, so sympathy misplaced, but thanks! :-)|
|Delisted yesterday - looks like RNS issued by the exchange rather than the company which does not seem to have provided a telephone contact for investors. Surprised?
You have my sympathies Edmund. Small investors who have been encouraged to invest in AIM companies by IHT breaks are being left high and dry by a government and regulators who don't seem to be in the least bit concerned about what looks like organised fraud on an industrial scale.|
|Have to say the level of DD that AIM has done in China makes me averse to AIM shares in general, certainly anything foreign, but even UK lisings.|
|philjeans how you doing mate
|Naibu, Camkids, China Chaintech - the list is growing...the LSE need to do something on these. Needs some sort of investigation.|
|Resignation of Directors
The Company announces that Mr William Knight (Non Executive Chairman), Mr Derrick Wong (Chief Financial Officer) and Mr Stuart Lane (Non Executive Director and Chairman of the Audit Committee ) have given notice to the Company that they are resigning from the Board of Chaintek with immediate effect.|
|So where is the nomad?|
|Philjeans, penny for your thoughts
I'd take the penny if i was you that is worth more than your entire holding in Chinese Frauds|
UPDATED: Oh dear, it looks as if another China AIM stock is set to lose its AIM casino listing. AIM regulation has just now suspended trading in shares in China Chaintek (CTEK). Market sources say that Big Ray Zimmerman of ZAI Corporate Finance had enough and quit as Nomad to the Norfolk China Chaintek (CTEK) with immediate effect. The company has made no statement.
That big Ray who has acted for inter alia Naibu (NBU) and a number of other "colourfol" stocks out East has thrown in the towel says it all. No Nomad will touch this one. As such the shares will be booted off the casino.
This is another 0p and you cannot say you were not warned.
Our sources tell us that the final straw for Big ray was a demand from local management that the board composition become all Chinese with no external western NEDs.
BTW. Hats off to Big Ray for this call. You go up in our estimation and the Sheriff gives you a three month "Get out of Jail" pass when we will not bash you as a reward..
So that makes it 11 of 40 China AIM stocks in our Filthy Forty down, just 29 to go|
|Looks as though their Nomad has walked|
well done philjeans|
|another philjeans fail|
but a 90% discount to cash......|
|Seems a crazy price. Despite the gloomy trading update in August, it's still profitable.
£8m mcap, £80m on the balance sheet. No debt.
Utilico Emerging Markets Investment Trust has a 6% stake.
Totally respectable Chairman of the BoD.
You have to make up your own mind about the governance risks in China. To me the worries seem overblown, but I can understand why others feel differently.|
|Co had £53M cash as at 30/6 - see last T/S - and picked up another £27M this week from refund of aborted property deal - see T/S yesterday. No borrowings.
M/C £9M !! CASH BALANCES £80M !!
Came to the market at 160p.
Profitable all the way. Still pays a huge div albeit scrip last time.
If it's all true.
Three UK Institutions still in.
Bargain or croc?|
|It looks like a similar scam to Naibu and Camkids in my humble opinion. Beware!|
|maybe a scam - who knows...? the price action is so horrible that one must suspect it...and if the cash balance of £53mln is there then i would think the Directors/insiders would be filling their boots (with shares)... trouble is that with tough trading it must be tempting for the Chinese bosses to just take the money. there doesn't seem to be any effective regulation or sanctions (that i have seen)...to stop them...|
|OK so no bounce in 2016. But the cash pile keeps on growing. Assuming we believe the figures of course.|
|Yeh I think your right, didnt see their update til late on, doesnt look good over there. So is this a scam too?? Im sure we'll find out soon enough!|
|I think you'll find it's the dreadful "trading update" from Camkids that knocked investor confidence. (Assuming that AIM-listed Chinese apparel-related companies have any confident investors left.)|