China New Energy Share Price (CNEL)

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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 Shares Traded Last Trade
  0.05 1.89% 2.70 722,791 13:33:20
Bid Price Offer Price High Price Low Price Open Price
2.50 2.90 2.70 2.65 2.65
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Alternative Energy 2,850.20 537.01 114.02 0.0 13
Last Trade Time Trade Type Trade Size Trade Price Currency
16:33:46 O 25,000 2.80 GBX
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China New Energy (CNEL) Latest News

China New Energy News

Date Time Source Headline
30/4/202013:19ALNCFAlliance News Flash Headline
30/4/202013:08UKREGChina New Energy Ltd Convertible Loan Extension
16/4/202010:31UKREGChina New Energy Ltd Result of AGM
30/3/202011:56UKREGChina New Energy Ltd Resubmission of Hong Kong Listing Application
26/3/202016:01ALNCChina New Energy Reports Higher 2019 Earnings, Confident On Outlook
26/3/202013:53UKREGChina New Energy Ltd Posting of Circular and Notice of AGM
26/3/202012:56UKREGChina New Energy Ltd Final Results
11/2/202011:14ALNCChina New Energy Does Not Expect Coronavirus To Hurt Performance
11/2/202007:00UKREGChina New Energy Ltd Trading Update and Coronavirus Information
04/2/202014:05UKREGChina New Energy Ltd Second Price Monitoring Extn
More China New Energy News
China New Energy Takeover Rumours

China New Energy (CNEL) Discussions and Chat

China New Energy Forums and Chat

Date Time Title Posts
19/5/202015:26China new energy - CNEL4,627
17/1/201811:54share buyback planned26
30/6/201614:06CHINA NEW ENERGY LIMITED - P/E OF 1 - 50% OF CAP IS CASH901

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China New Energy (CNEL) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2020-05-29 15:33:482.8025,000700.00O
2020-05-29 14:27:272.6513,955369.82O
2020-05-29 13:33:332.655,396142.99O
2020-05-29 13:22:422.88173,4374,994.99O
2020-05-29 13:22:232.88173,4374,994.99O
View all China New Energy trades in real-time

China New Energy (CNEL) Top Chat Posts

DateSubject
29/5/2020
09:20		China New Energy Daily Update: China New Energy Limited is listed in the Alternative Energy sector of the London Stock Exchange with ticker CNEL. The last closing price for China New Energy was 2.65p.
China New Energy Limited has a 4 week average price of 2.40p and a 12 week average price of 2.15p.
The 1 year high share price is 3.30p while the 1 year low share price is currently 1.08p.
There are currently 491,256,350 shares in issue and the average daily traded volume is 143,967 shares. The market capitalisation of China New Energy Limited is £13,263,921.45.
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08/1/2020
10:35		catscats: If punters have to pay equivalent of 11p for fundraise in HK market listing - when the stock is 3p offered in UK, then why not buy (some) now and make a killing. I expect there are no punters prepared to pay 11p and that is why they can't list. CL note extended to May so they have a 4-5 month window to get this share price up...and the HK listing complete. reasonable comments about the business in the RNS. Should rise in my view in next few months....well i hope it does...
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04/9/2019
13:58		lazygun: Who knows. Bottom line it had net profits of circa £5 mill, which on current share price is a P/E ratio of 2 roughly. To qualify for the hk listing it needs to reach a mkt cap of £50 mill equivalent circa. Which means roughly 11p per share. The way their RNS reads, if they don’t reach that target, they’ll just stay on AIM. the only way it will reach that is if we see continued buying in the stock. But, it does loom undervalued to me, so the reward in this case far outweighs any downside risk. Dave4545 sounds to me like a whiner. Nothing useful to say except to get personal. Probably lost loads of money and is looking for someone else to blame other than himself. Filtered now anyway. L.
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16/8/2019
16:38		lazygun: Well, 5 mill net profit on 492 million shares is an ultra low pe. Profit has been maintained over last two years which is a great sign. HK main market listing read include a requirement for the mkt cap to be $HK 500 mill, current GBP to HK$ is 9.53, means a GBP mkt cap of £52 million on 492 million shares means the share price needs to be above 10.66p per share.... So, possible 5/6 fold increase in current share price.... So, huge upside potential here... L.
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25/6/2019
15:12		bozzy_s: Bought some of these today. Had to ignore a couple of huge red flags - i.e Chinese AIM smallcap stock! But the potential reward is 500% - 1000% increase in share price if they list in Hong Kong as hoped. Had a similar situation with OCZ a decade ago. Announced delisting from AIM at ~5p. Didn't mention looking to list elsewhere. Popped up on Nasdaq 2 years later, rising to £5+ before eventually going bust.
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10/6/2019
06:45		lukmanpatel: Another troll by the username lsehotdealz haha, share price is stagnant and there’s talks of fundraise at 10p on that board lol desperation has lead to going round posting on different board to prevent share price from dropping, usually ud stay quiet and average down and accumulate if you see huge potential lmaoo he’s spamming all the boards and a newly registered today as a member lol
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15/3/2019
09:02		mortimer7: Wonder if todays RNS showing an £80k buy by the Directors company will be the trigger that sets CNEL off on one of its regular spikes? https://uk.advfn.com/stock-market/london/china-new-CNEL/share-news/China-New-Energy-Ltd-Directors-Dealing/79478657
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29/1/2018
10:08		zico01: Recent news is all positive : trading update share buy back director buying beginning to be reflected in share price
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26/1/2018
10:01		poombear: 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?
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05/10/2017
11:43		knicol46: Corporate Development. With the return to profitability, the Directors are reviewing a number of initiatives to support the continued growth of the Group and the value created is reflected in the share price. These include:  Implementing a share option scheme to attract, retain and motivate new and current employees  Strategic acquisitions  Requesting shareholder permission by way of an EGM to use free cash for a share buy-back program interesting time ahead
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02/10/2016
16:11		tidy 2: Good post by bigBitenow lseCnelThe 2015 accounts were negative to say the least such that any investment here was rife with risk.However, given the recent events the investment case at these levels is becoming more and more compelling.Firstly, the company is demonstrating visible improvements in it profitability, having turned a H1 2015 £640,000 loss into a H1 profit of £1.3m profit. That is eye catching.Yes they have a gaps in what they are owed against what they owe their suppliers, but there are signs that they are certainly moving in the right direction.Add to this the fact that the company has managed to increase revenues by 70% and make a net profit of 25% in H1 2016, in a period where oil averaged just $41, is again worthy of note.In addition, whilst more dilution may well be on the way, the company has stated that the capital raise on 9th June was sufficient to cover the next 12 months. I know there were concerns highlighted here on this subject but since Sept 2014 the company has diluted the shareholding by just 13%. Given the environment they have operated in these last 2 years that is again impressive. The main reason for this being that the two lead directors hold some 31% of the company's shares. Therefore dilution will be something they will be wishing to avoid where they are able.The really big positive here though is the Sunbird connection. It would be interesting enough if CNEL just did business with them, but sharing a director makes it all the more so.The two contracts in Zambia and Zimbabwe aren't about the possibility of winning work, they are about Sunbird financing the deals. Sunbird's purchase of 20,000 hectares of land for the cassava farm in Zambia and 40,000 hectares leased from the Mribi Council in Zimbabwe says a lot about where Sunbird believe they are heading.The contracts are each reported to be worth $30m to CNEL over 2 years. If CNEL repeat the net profit margins of H1, then we are talking £5.75m net profit per project. Then there are maintenance and service contracts to negotiate afterwards.If that weren't enough, the Sierre Leone project offers CNEL the chance to take a 5% share in the project but more importantly tender for 'technology and service' contracts. Again with the shared director they look likely to do well on this front, which will drive repeat revenue to underpin the business going forward.With a production of 85m litres of ethanol the plant can even at todays low prices ($1.57 per gallon) generate close to $30m in revenues. At 5% CNEL can secure $1.5m in ongoing revenues, which yet again will give them a secure base upon which to support the business going forward.There are of course risks but for me they are considerably less than only 1 week ago and at £ 7.3m the share price is far too low given the profits alone, nevermind the potential.
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