Jetion Solar Share Discussion Threads

[mattjos] 23/2/2011 01:33

As of now we have:

Ms Jiezhen Yang @ 44,845,026 .... 59.52%
Jingang Dingsheng @ 8,416,666 ..... 11.17%
Lion trust (as Trustee for Auspicium Asia Fund) @ 3,031,510 ..... 4.02%
Norges Bank @ 3,188,338 ..... 4.23%
Ms. Alina Xu @ 100,000 ..... 0.13%
Mr. Eric Chan @ 60,000 ..... 0.08%
David Steeds @ 30,000 ..... 0.04%
Andreas Gruenberg @ 608,763 ..... 0.81%
Robert Fessler @ 569,353 ..... 0.76%

Total tied up: 60,849,656

Total shares in issue: 75,341,676

Credit Suisse .................... went non-reportable 4/10/10
UBS .............................. went non-reportable 29/3/10

Leaving 14,492,020 shares (19.24%) in wider circulation

[mattjos] 22/2/2011 11:01

still getting snapped up here. Lion trust picked up another 345k

[mattjos] 11/2/2011 12:19

EVO just have the field to themselves here ... another 100k down the hatch - thank you!

[chrismez] 10/2/2011 11:01

True.

It would be interesting to see a list of the top ten holders or at least a list of those with more than 3% - to see just how 'Asian' this has become - do you know how to get the very latest position on major holders?

[mattjos] 09/2/2011 20:15

Chris .. to be honest, no idea. They are BVI registered ultimately.

I assume JHL's original main intent to move to HK would to be try and achieve a higher rating on the stock (the current AIM rating is ludicrous compared with its peers), increase liquidity & as a means of raising funds (at the higher rating) to fund growth .. the prior guidance to the market was that they envisaged issuing equity at the time of the move to HK.

whatever the company may or may not be considering in terms of that subject, the reality is the stock currently remains overlooked and out of favour by uk investors.
Even a 'significantly exceed' guidance seems to have fallen on deaf ears but, whilst the uk investor ignores the fundamentals here, certain asian investors & the company directors are filling their boots

[chrismez] 09/2/2011 17:48

That would be interesting matt - maintaining both AIM and HK Listings rather than disappearing altogether like Renesola. I'm not up on the tax position - if JHL's main market is here in Europe does it benefit them to be listed here from a taxation point of view?

[mattjos] 09/2/2011 13:55

Chris .. i quickly ran JHL thru the HK main board listing app rules last night. Seems to meet all the qualifying criteria.

When we went thru the will they / wont they, can they / can't they rigmarole with WCC i recall there being certian liquidity considerations to consider. Since the CEO at WCC did not want to dilute below a certian % but they had to meet the liquidity rules in HK, that was why they left AIM altogether and went solely to HK.

IF, JHL still have the HK listing as their long term intention then i was thinking the recent chunks of stock bieng traded may be the early signs of that process. They could do what ACHL did and maintain both AIM & HK listings.
It's all conjecture on my behalf and is not why i invested here but, it would be a pleasant surprise were the process to be back on later this year.
We'll have to wait and see

[chrismez] 09/2/2011 13:45

Mattjos - re turning Asian - I think you're right.

Mrs Yang (the owner) now has 60%

Jingang Dinsheng who bought in a few weeks ago have 12%

And Today we have Lion (from Singapore) with 3%

That's 75% right off the bat - wont be many of us Europeans left soon. HK Listing must be back on the radar. How could it not be?

However we shouldn't forget that JHL's primary market seems to be Italy and as long as that remains the case, perhaps there is an argument for staying with the European listing .

[mattjos] 09/2/2011 09:31

have been wondering that znagdook. a buoyant results have been telegraphed and funds have been picking up the stock .. if not funds then co mgmnt yet, still the market here seems not to take note. I suppose the previous postponement has scared some the traders off this one but, there's a perfectly good growing business here and one that meets the HK listing rules if/when they may decide to have another crack at it

[zangdook] 09/2/2011 09:18

Perhaps it'll encourage them to revisit the proposed HK listing. Hasn't the market largely recovered from the "volatile economic conditions and weak market sentiment" they cited in September when they postponed it?

[mattjos] 09/2/2011 09:08

noticed how this company's ownership is slowly turning increasingly asian & less european?
I do ask myself why that might be exactly

[chrismez] 31/1/2011 21:23

Absolutely Mattjos - time for the Chinese to change their perspective.

Too much power (or too many shares) in one person's hands is never good for business no matter where you are in the world.

Tunisia and Egypt are good examples right now.

If Mrs Yang really wants her company to grow she should let go control - reduce to at least under 50% and bring in quality management - all IMHO of course.

[mattjos] 31/1/2011 18:37

whilst we view majority share ownership concentrated into few or, even one, company principles as a negative, the Chinese (& HK market) see this as a positive sign. Sometimes one needs to change ones perspective

[mattjos] 31/1/2011 13:28

nice little RNS today & explains why EVO have been so keen for stock for weeks now

[liyangnano] 28/1/2011 13:12

delisted here soon? or go to hongkong like WWC?

[mattjos] 26/1/2011 15:41

par for the course with Chinese Co's. Here we see it as a negative. In China it is viewed as a strength.
As the price goes up and stock is liberated from sellers so its being snapped up. One has to ask why exactly?
I don't know the answer but i do know that HK listing requires a certain free-float of shares to go ahead. Stock picked up cheap off the AIM market may be used to provide that liquidity if they go to HK without having to have a hugely dilutive placing at what may be viewed as cheap price at the time.
I'm not saying they will go ... i have no answer to that question but is one possible answer.
Otherwise, the Euro is strengthening and the company is expanding and has saiud it should meet market forecasts. I'll keep holding for now rather than give up stock to a willing buyer at this level

[chrismez] 26/1/2011 15:23

Mattjos - Up 50% in 4 months - well done you.

Try down 50% in 4 years then you might understand the negativity.

As for director buying - usually its a good thing BUT not so when that Director/Owner builds a stake of 60% - the lack of liquidity becomes a negative influence on the share price She has too many - way too many. Effectively the company has both hands tied behind its back and can't do anything without her say so.

[cordwainer] 24/1/2011 18:20

big trades again

[mattjos] 22/1/2011 15:15

why some much negativity here of late? Up 50% in 4 months is a return i'm quite happy with. What amounts to director buying of late and just ahead of a t/u.

[zangdook] 22/1/2011 02:55

This is a much bigger company than SFT or CBI. Neither of those could credibly have talked of listing in HK.

[chrismez] 22/1/2011 00:08

Well not much chance of this company being approached or getting bought out - not unless Mrs Yang says, "Yes" !

This really is her baby to do with as she pleases. Not good IMHO

[kappa3] 21/1/2011 14:40

The worrying thing is this could go like sinosoft tech. They had massive cash deposit good order books the share price had taken a knock as all shares had done but things were definitely turning when the company went private. It was a case of take our price or lose everything and they delisted.

[chrismez] 18/1/2011 10:11

Mrs Yang again - owns 60% of the company now - not great for liquidity - this is more like a private company if you add on top of that the Norwegians and that Chinese firm that bought in the other day. Does anyone know what the free float is now?