Gx Cleantech Discussion Threads

[philjeans] 29/12/2014 16:38

Sure - I expect Montoya; Utilico; Kingspro and Investec are expecting this to tank!

Not!

Follow the money son - not the TW shorter scum.

[horndean eagle] 29/12/2014 15:27

Phil - Thought you might have learnt your lesson after NBU. Sometimes best to admit your wrong and learn from the experience rather than continuing to dig even further.

[philjeans] 29/12/2014 14:59

Stirring a little - Shorters have yet to close - if there is any stock around!

Many more good days ahead.

[philjeans] 29/12/2014 12:07

Major Shareholders

As at 30 September 2014, shareholders holding more than 3% of the share capital of China Chaintek United Co., Ltd. were:

Name Holding
Percentage
Odylink Limited 34.7%
Golden Plan Development 32.9%
David Lam 4.9%
Montoya Investments Limited 4.5%
Utilico Emerging Markets 4.3%
Kingspro Investments Limited 3.4%
Investec Asset Management Limited 3.4%


So approx. 87% in firm hands - 13% only in free float.

Plus Utilico added another 200k in October - see RNS

[philjeans] 29/12/2014 11:56

This was the T/S earlier this month ;

09 December 2014

Press Release 9 December 2014
China ChaintekUnited Co., Ltd
("Chaintek" or the "Group")
Trading Update
Chaintek (AIM: CTEK), the provider of logistics services to manufacturers of consumer goods in China, is pleased to provide the following trading update. Financial information contained in this announcement for the nine month period ended 30 September 2014 is unaudited.
The Board is pleased to confirm that trading for the period is in line with market expectations with revenues of approximately RMB 281.5 million (GBP28 million*), which represents a 4.8% increase to the comparable period in 2013. Of this, the logistics services business represented approximately RMB 242 million (GBP24 million*), with the inventory solutions business accounting for approximately RMB 39.4 million (GBP4million*).
Profit before tax shows an increase of more than 3% when compared to the prior year at RMB 231.3 million (nine month period 2013: RMB 224.5 million) with the Group maintaining a strong profit margin of 82% (nine month period 2013: 83%).The Group continues to be highly cash-generative, resulting in a cash position of RMB 470.3 million as at 30 September 2014 (30 September 2013: RMB 309.7 million) up 52%.
The Board is also pleased to announce the purchase of a transit warehouse for the logistics services division. The facility is located near the Chaintek head office in Fujian Province and is within proximity of a number of factories belonging to Chaintek's major customers. The warehouse will cost RMB 75.8 million (GBP8million^) of which RMB 60 million (GBP6 million^) has already been paid to secure the facility. The outstanding balance of RMB15.8 million (GBP2million^) will be paid once the land use rights ("LUR") and other administrative procedures have been completed, which is expected to occur in Q1 2015. However, due to a clause in the purchase agreement, the ready to use facility could be utilised before December 31 2014.
The enlarged facility (19,650 m(2) ) will help to resolve the capacity issue at the current transit warehouse (7,108 m(2) ) whilst also allowing Chaintek to capture an anticipated increase in demand from the market. The acquisition represents a rare opportunity to acquire a ready to use, centrally located, enlarged facility at a reasonable price. Due to delays in obtaining the LUR for the logistics park, the need to capture more market share and competition to buy land, the Board acted swiftly in order to secure the new facility.
As previously outlined, the management team remain focused on the planned strategy for growth and construction of the new Logistics Park. The regional government of Fujian Province is currently evaluating Chaintek's application to commence construction of the Logistics Park and for the Group to be granted a rebate in the region of 25-30 % on the land price the Group has paid to the government for the land use as a logistics park. The granting of a rebate is in accordance with government policy to encourage the growth and development of logistics companies in China. On receipt of the approvals, construction would commence without further delay.
Xu Meijin, Chief Executive Officer of Chaintek, said: "The Board is happy with the continued progress that Chaintek has made in 2014 and we remain confident about the future growth prospects for the Group.
"With construction at the Logistics Park unable to proceed until the government rebate has been received, we have in the interim period been successful in acquiring an enlarged transit warehouse. This centrally located facility enables us to keep on capturing market share without disrupting existing operations or high service levels to our current customers."


All very positive and so we have a thriving and expanding business with;

No debt
Massive cash resources - even after spending £8 M on a new distribution warehouse
Super margins
Highly cash generative
Big yield from regular dividends
Very good reporting and accounting reports
Excellent website
Four UK iNSTITUTIONS on board
Two UK Directors
S/P down from 250p last year

and a P/E of 1 and M/C far less than net cash!!

Just because the lying shorters say it's Chinese - so it must be a fraud!

Looks good to me - and adding.As are Utilico.

[philjeans] 22/12/2014 11:28

Unexpected takeover this morning for another battered Chinese stock - down to 4p and unloved; founder buying back for 20p !!

See TNCI.

Could well happen here - Directors crazy not to at this price!

BUY for me. DYOR.

[philjeans] 18/12/2014 20:03

So; 20k shs were bought, costing £10k - and the share price jumps 21%!

Imagine some serious buying!!

I can see this over a quid by 1/1/15 - and double that if it's on a New Year Tip List.

Clear and decisive BUY for me.

DYOR.

[philjeans] 18/12/2014 14:26

sTEADY ON CHAPS - p/e IS NOW A VERY LOFTY 1.5 !!

lol.

[philjeans] 18/12/2014 13:06

Beginning to bubble - and don't discount a bid from the founders either; just happened to Fortune Oil FTO - nicely up 50% today!

Stock here very limited - every BUY sends it up.

[philjeans] 15/12/2014 09:06

This was the T/S last week;

09 December 2014

Press Release 9 December 2014
China ChaintekUnited Co., Ltd
("Chaintek" or the "Group")
Trading Update
Chaintek (AIM: CTEK), the provider of logistics services to manufacturers of consumer goods in China, is pleased to provide the following trading update. Financial information contained in this announcement for the nine month period ended 30 September 2014 is unaudited.
The Board is pleased to confirm that trading for the period is in line with market expectations with revenues of approximately RMB 281.5 million (GBP28 million*), which represents a 4.8% increase to the comparable period in 2013. Of this, the logistics services business represented approximately RMB 242 million (GBP24 million*), with the inventory solutions business accounting for approximately RMB 39.4 million (GBP4million*).
Profit before tax shows an increase of more than 3% when compared to the prior year at RMB 231.3 million (nine month period 2013: RMB 224.5 million) with the Group maintaining a strong profit margin of 82% (nine month period 2013: 83%).The Group continues to be highly cash-generative, resulting in a cash position of RMB 470.3 million as at 30 September 2014 (30 September 2013: RMB 309.7 million) up 52%.
The Board is also pleased to announce the purchase of a transit warehouse for the logistics services division. The facility is located near the Chaintek head office in Fujian Province and is within proximity of a number of factories belonging to Chaintek's major customers. The warehouse will cost RMB 75.8 million (GBP8million^) of which RMB 60 million (GBP6 million^) has already been paid to secure the facility. The outstanding balance of RMB15.8 million (GBP2million^) will be paid once the land use rights ("LUR") and other administrative procedures have been completed, which is expected to occur in Q1 2015. However, due to a clause in the purchase agreement, the ready to use facility could be utilised before December 31 2014.
The enlarged facility (19,650 m(2) ) will help to resolve the capacity issue at the current transit warehouse (7,108 m(2) ) whilst also allowing Chaintek to capture an anticipated increase in demand from the market. The acquisition represents a rare opportunity to acquire a ready to use, centrally located, enlarged facility at a reasonable price. Due to delays in obtaining the LUR for the logistics park, the need to capture more market share and competition to buy land, the Board acted swiftly in order to secure the new facility.
As previously outlined, the management team remain focused on the planned strategy for growth and construction of the new Logistics Park. The regional government of Fujian Province is currently evaluating Chaintek's application to commence construction of the Logistics Park and for the Group to be granted a rebate in the region of 25-30 % on the land price the Group has paid to the government for the land use as a logistics park. The granting of a rebate is in accordance with government policy to encourage the growth and development of logistics companies in China. On receipt of the approvals, construction would commence without further delay.
Xu Meijin, Chief Executive Officer of Chaintek, said: "The Board is happy with the continued progress that Chaintek has made in 2014 and we remain confident about the future growth prospects for the Group.
"With construction at the Logistics Park unable to proceed until the government rebate has been received, we have in the interim period been successful in acquiring an enlarged transit warehouse. This centrally located facility enables us to keep on capturing market share without disrupting existing operations or high service levels to our current customers."


All very positive and so we have a thriving and expanding business with;

No debt
Massive cash resources - even after spending £8 M on a new distribution warehouse
Super margins
Highly cash generative
Big yield from regular dividends
Very good reporting and accounting reports
Excellent website
Four UK iNSTITUTIONS on board
Two UK Directors
S/P down from 250p last year

and a P/E of 1 and M/C far less than net cash!!

Just because the lying shorters say it's Chinese - so it must be a fraud!

Looks good to me - and adding.As are Utilico.

[mrx9000] 13/12/2014 23:49

thanks phil

[philjeans] 13/12/2014 09:02

mrx - No - I was referring to the October RNS actually when Utilico increased their holding.

But the CTEK website is EXCELLENT - and you'll see the details there of the four UK institutions holdings.

Also the accountants' details - it's BDO.

Take a look at the company profile - very impressive.

www.chaintek-united-ir.com

[mrx9000] 12/12/2014 10:38

phil: Investment funds now holding over 5%? do you mean 50%? Who are the auditors as I cannot see any mentioned?

[davidosh] 11/12/2014 16:50

It would certainly be interesting to have a league table of Nomads and how the companies under their watch actually perform !

If a nomad brings 20 companies to market and 80% of them lose 80% of their value over say three years whilst the wider market (AIM or Allshare) goes up say 10% then that does give cause for significant concern. Meanwhile if FinnCap or another have 50 companies and only ten have gone down and 40 are up on average 15% which companies are you likely to feel confident to invest in whether a story sounds good rolled out by directors or not !?

[spob] 11/12/2014 16:13

And Naibu too no doubt

LOL

[philjeans] 11/12/2014 14:45

And very little stock around too!

Going up on tiny BUYS.

Shorters will be buying back now the NOMAD business has been cleared up.

[philjeans] 11/12/2014 12:43

Very good value down here now - new NOMAD announced and recent update was very encouraging.

Holding net cash of £45M and M/C a paltry £25M.

Trading in-line and £8M for a new distribution warehouse will improve sales and margins.

Very profitable; highly cash generative; nice yield; steady growth etc etc.

Only the China factor and TW'S slagging off and lies, have frightened the horses here - fundamentals look excellent.

Instis already on board in a small way and will be adding I have no doubt. As have I.

[acliff] 09/12/2014 07:51

if they really do have the cash of circa £45m they should let it get suspended and then take the cash

[m.t.glass] 05/12/2014 14:13

dvi - the upturn you noted a month ago came to nowt. Share price back into a downward channel. Now 70% below its ipo price.

Reasons for selling are obvious enough. What are the reasons for investors to consider buying?

[spob] 28/11/2014 16:40

Nomad Daniel Stewart has been forced to pull out

[m.t.glass] 28/11/2014 11:35

- and if the price looks like closing below that 58p level I shall open more downbets.

Watching...

EDIT: More downbets opened since.