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CNEL China New Energy Limited

7.50
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
China New Energy Limited LSE:CNEL London Ordinary Share JE00B3RWLF12 ORD 0.025P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 7.50 7.00 15.00 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

China New Energy Share Discussion Threads

Showing 5351 to 5375 of 5750 messages
Chat Pages: Latest  218  217  216  215  214  213  212  211  210  209  208  207  Older
DateSubjectAuthorDiscuss
12/6/2018
09:07
This has edged up 15% in the last week. I can only presume that the release of FYE Dec 17 numbers due in June are confirming the last trading statements. No other news releases that I can see. Any other news feeds out there?
whentobuy
04/4/2018
11:11
Re-purchased a few at 1.24 just below mid share price - quite a few stocks' sps are below it seems. Presumably CNEL is bearing the brunt of trade sanctions publicity though that should not affect it directly.

DYOR

maytrees
15/2/2018
12:54
You wait for years and years for Bennett to buy a stake and when he does it's tiny.

Lets hope he buys more because that tiny buys does nothing for me !

dave4545
15/2/2018
12:19
I note it's he's 1st purchase after being involved since float. £5k is not exactly pushing the boat out. Not complaining, just like to keep a grip on reality where cnel are concerned.
poombear
15/2/2018
12:10
Or the non-executive Director sees the company is significantly undervalued & has such belief to place his money where his mouth is.
bobby.ifa
15/2/2018
10:59
Concerted effort from the directors to get the share price up. Still looks like a trust issue with Chinese AIM shares.
poombear
06/2/2018
16:25
Greetings poombear
Following on from recent director's buy at higher sp?

maytrees
31/1/2018
15:16
Bit of buying today
poombear
29/1/2018
10:16
Feel we will get a nice run of the share price in the coming weeks
poombear
29/1/2018
10:09
Shareprice will continue to build, chart looking great aswell.
ileeman
29/1/2018
10:08
Recent news is all positive :

trading update
share buy back
director buying

beginning to be reflected in share price

zico01
29/1/2018
10:02
Yup, great stuff, not much stock below 1.7p.
ileeman
29/1/2018
09:57
Excellent news :

The Chairman, Mr Yu, commented "Mr Jiang was recently promoted to CEO of our main operating division ZKTY, and his share purchases demonstrate real confidence and commitment to the future development of the business".

zico01
26/1/2018
10:51
zico

It only increases EPS if they get cancelled

dave4545
26/1/2018
10:46
Yea poombear a mystery but, on the markets you get sellers at the best of times and at the worst of times just the way it is.
ileeman
26/1/2018
10:44
Very positive sign also increases EPS..I'm a buyer
zico01
26/1/2018
10:40
I wasn't suggesting they do not have the cash. Just puzzled by Mr Jinbing's motivation.
poombear
26/1/2018
10:26
"If they do not have excess cash they should not be buying shares."

Exactly.

Look at previous update, business is strong. They do have excess cash.

ileeman
26/1/2018
10:22
Generally share buybacks are a way of distributing excess cash for the benefit of the shareholders value. Ie less shares means higher shareprice. If they do not have excess cash they should not be buying shares. So no wanting to write off £560k doesn't wash with me.
poombear
26/1/2018
10:21
Added more at 1.593p.

Think that is a big vote of confidence, they can still buyback another 50million shares aswell.

ileeman
26/1/2018
10:13
Poombear

If they cancel them they more or less have written off £560k which is money they should really need. They normally raise money every year or so or they could use it to lower liabilities.

Maybe they will keep them and try and place them at a later date for a profit.

dave4545
26/1/2018
10:12
Yeah I get that, but still could have offloaded over a few months.
With regards to treasury shares, I believe they can be used for employee share incentives schemes (or indeed sold or later cancelled) so I think they will redistribute to employees, there is a plan here.

poombear
26/1/2018
10:07
Buying back shares...Nice.

More to come.

ileeman
26/1/2018
10:05
He'd have got away with 2-3 mil selling on open market then price would have dropped close to that level, so how does he sell the other 43 million when it's 1.2 bid and there is no buyers in this poor market.

That is why for him wanting out 1.2p is a excellent price

dave4545
26/1/2018
10:01
So in March we had.

"The Company is also pleased to announce that it has raised approximately £700,000 (RMB 6 million) by way of a subscription from Mr. Lv Jingbin, a Chinese resident, for 46,808,809 new ordinary shares at a price of £0.015 per share representing 9.53% of the enlarged issued share capital and a premium to the current share price."

When the shareprice was around 1.2p so could have bought cheaper on the open market.

Today we have.
"The Board of CNE (AIM:CNEL), the AIM quoted engineering and technology solutions provider to the bioenergy sector, announces that it has purchased 46,808,809 ordinary shares in the Company at a purchase price of 1.2 pence per share from Mr. Lv Jingbin for a total cash consideration of £561,705.71 and transferred them into treasury. As at the date of this announcement, Mr. Lv no longer has an interest in the Company."

When the shareprice is 1.5p and could have been sold for more on the open market. So what's going on here, I don't get it from Mr Jingbin perspective?

What happens to treasury shares, why aren't they just cancelled?

poombear
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