Gx Cleantech Discussion Threads

[philjeans] 06/8/2014 08:08

Results look excellent to me, rather than just "OK".

Cash still accumulating so they'll be OK for the land purchase - may have to borrow a portion for the final part of the build but that shouldn't be a problem.

Going great guns I'd say.

[grahamg8] 06/8/2014 07:30

Results look OK. But that cash pile will disappear pretty quickly on the logistic park - RMB273m on the land, and RMB600m on the construction. Ongoing dividends will be needed to keep investors on side.

[deepvalueinvestor] 20/6/2014 22:21

If anybody wants to sell at the mid price keep an eye out for the four daily auctions. There was a seller at 105p but they didn't reload after the 8am auction.

[uncle john] 20/6/2014 11:23

Salaries and payments: do you regulars have opinions on these?
It seems that William Knight (aka old gent) see above. is paid about £48,000 per annum and Derrick Wong a bit more. I got those conversion rates today.
If that is all they get then they are stars of AiM for being frugal.

[oilyminer] 19/6/2014 21:45

This was the first I had heard these companies. I thought the presentations were rather low key and low powered compared to the way that mining or oil & gas companies present. Thinking of directors from Caledonian or Fastnet for instance.
The old gent from CTEK was a bit casual about the way that they lost 35% overnight last November and a further considerable %age since. Surely someone should have resigned, or sacked the NOMAD. But I am sure you guys know the story better than I do.
At this price I think it is good value, especially if they can improve the shares in float. But is it a better investment than Wincanton? Is this the closest comparator.

[deepvalueinvestor] 18/6/2014 22:24

Davidosh, I was there and will report back when I have time. Also Amedeo Resources where I took a stake recently.

[davidosh] 18/6/2014 09:25

CTEK are presenting in the City today so lets see what effect that has on new interest in the company.

[danieldruff2] 11/6/2014 16:13

Hmm, I've received a scrip dividend when I was expecting a cash dividend today, no wonder those accepting cash was low! Suspect this due to a prior error on my execution broker account but wondered if anyone else had the same issue?

Incidentally, noticed our Chairman is taking part in a conference in October - China Global Investment Summit in Hangzhou. He will be speaking on the panel "Consumption and E-commerce Trends"

[danieldruff2] 04/6/2014 15:14

Trying to do the math on today's scrip announcement, I make it that roughly 20% of shareholders outside of the owners went for a cash dividend, surprisingly low.

[danieldruff2] 21/5/2014 13:03

Did anyone go to the AGM? Anything worthy of comment?

[davidosh] 06/5/2014 16:07

The Agm is on the 20th May at the offices of Daniel Stewart at 10.30am. Anyone else attending ?

[danieldruff2] 28/4/2014 18:16

Yes, very surprised but very pleased to see them on the share register. A big vote of confidence. I've been in a few other shares where Montoya were on board and they've done well.

[philjeans] 28/4/2014 18:02

Good to see Montoya has picked up 2.5M - they hold strategic stakes in several other companies and are pretty shrewd. Huge US financial group.

They must have checked it all out - time to add me thinks.

[danieldruff2] 25/4/2014 15:23

I've been trying to work that out. There is a HK export company called Kingspro Ind Ltd, that's the closest I could find. Suspect they must be HK or Chinese based, no such company registered in the UK. They've already updated the holdings on the website.

[philjeans] 25/4/2014 15:20

1.8 M gone to Kingspro Inv ltd.

Who he?

[gnnmartin] 25/4/2014 12:41

Thanks daniel; I think stuffee might have given the significant factor. It is in fact the most sensible way to tackle the conflicting desires of some shareholders wanting an income yet investment opportunities meaning the company would rather retain earnings. All the same, it is unusual, and the unusual is viewed with suspicion.

I must say I like CTEK, but I don't have any. I bought some Naibu a good while ago, and that small holding is about as much Chinese excitement as I can stand. I shall continue to watch with fascination.
Nigel Martin

[philjeans] 25/4/2014 12:34

There'll all out now - just owners, INVESTEC and the new buyer who snapped up a bargain yesterday - 12 M squids worth!

Bloody bargain.

[stuffee] 25/4/2014 11:23

Divis

I agree I don't think there is any legal restriction on dividends. However, CTEK will want to limit cash distributions for next two years until it has completed financing its massive new distribution centre.

I fear this stock will continue to be bashed from the sales of some of its original core investors due to such inadequate broking. As I have posted before, I feel CTEK most interesting opportunity with very impressive cash generation. As soon as new distribution centre completed, which could almost treble capacity, it can start massive dividends. With decent broking, publication of meaningful research, competent PR, more interesting and relevant Chairman's report and non-executives who understand this, CTEK could eventually really motor.

[danieldruff2] 25/4/2014 10:39

gnnmartin,

There was a discussion on dividend versus scrip on the ACHL board a few months ago - Asian Citrus, AIM and HK listed fruit grower. If I understood the comments correctly, there is no restriction on getting money out of China to pay the dividend, but there is a 10% withholding tax moving money from China to a HK parent company - the more people take a scrip, less tax paid...

Look on the ACHL board around Sep - Nov 2013 to read the discussion...

[danieldruff2] 25/4/2014 10:19

Actually I can partially answer my own question as I copied down the over 3% holdings in an earlier post in Feb:

Odylink Limited (Shufang Zhuang?) 34.7%
Golden Plan Development (Mejin Xu?) 32.9%
Galant Guide Investments 5.3%
David Lam 4.9%
Wild Boom Investments Limited 4.6%
Investec Asset Management Limited 3.4%

The situation on the website now (which has been updated today) is:

Odylink Limited 34.7%
Golden Plan Development 32.9%
David Lam 4.9%
Investec Asset Management Limited 3.4%

[danieldruff2] 25/4/2014 10:13

I'm sure it has - last time there was a load let go at 140p, a significant discount to the share price at the time. I think they went to institutions. I suspect the same has happened again, once more requiring a big discount to the listed price to take the shares on. I am unsure if all the seed investors are out - does anybody know?

[sirraman] 25/4/2014 10:11

But has that lot not been soaked up already for this announcement to be issued ? Is this not the usual MM reaction to any RNS news ??

[grahamg8] 25/4/2014 09:35

Galant Guide had 2.9m and Wild Boom 2.5m. So that's a lot of shares to soak up. Very negative if they are floating around looking for a new home. Positive if one or more new major holders emerge in an RNS in the next few days. Roll on the AGM coming soon on 20 May.

[gnnmartin] 25/4/2014 09:34

stuffee, in response to your post 71, Chinese companies don't actually seem to pay out money in dividends,in spite of the enormous dividend yield. The big domestic holders usually take a scrip alternative, and CTEK seem to be nudging all shareholders in that direction. Their final results RNS said: "A final dividend of 4 pence proposed in form of a scrip issue with a cash alternative".
Nigel Martin