Epic : WCC

Last Results : http://www.investegate.co.uk/Article.aspx?id=200703270701277583T


The Company, which is headquartered in Xi'an the provincial capital of Shaanxi Province, operates three cement production plants in Pucheng, the first of which has been operational since 1977 and now have a combined production capacity of 1.5 million tonnes per annum. Two new lines are coming on line soon which will boost output by an additional 2 million tones. Some of this additional output will be seen in 2007 financial year, the rest in 2008 financial year.

The PRC Government is actively promoting the restructuring of the Chinese cement industry with a shift away from small-scale producers towards large, modern environmentally friendly production plants. This will benefit WCC are the smaller and more polluting plants are shut down and production at larger more efficient plans is ramped up, eg WCC.


Activities

The Group manufactures three types of cement, as well as clinker, a cement compound:

* Ordinary Portland Cement is a mixture of clinker, mineral admixtures (accounting for 6 to 15 per cent.) and gypsum, which is widely used in industrial and civil construction projects

* Flyash Portland Cement is a mixture of clinker, flyash and gypsum. The content of flyash by weight ranges from 20 per cent. to 40 per cent.depending on its intended use

* Composite Portland Cement is a mixture of clinker, at least two kinds of prescribed mineral admixtures and gypsum, which is widely used in industrial and civil construction projects

* Clinker is the base of the above mentioned products, the principal raw material of which is limestone. The Group does not intend to sell clinker as a separate product in the future

F18 .... noticed your abuse last night but refrained from responding .... of course had you actually read what i posted, you would have noted that i was merely quoting Greenspan and made no additional comment, so to say that i keep spouting anti-chinese propaganda or similar is just not borne out by the facts.

i was also very puzzled by your last sentence, neither because it lacked logic nor because i felt remotely insulted or even belittled, but merely because i felt it was probably a reflection of your own insecurities .... sorry to see that

Nearing 1 bagger status for me now, very nice :)

Great performance PP,, you called this one right.
Where's cynic he seems to have gone quiet.

as i said before, this one's not for me ...... you guys may well prove right and have found a winner, but one can't buy everything that moves and breathes ...... i remain very nervous of the chinese market ...... hope you guys watched that fascinating prog last night on western entrepreneurs in china

A good find, cement is rapidly in demand with the boom in the building markets globaly and the rate of growth of some Eastern companies growth looks here to stay.... Will watch for now and do some homework.

cynic - 05 Apr 2007 11:50 - 21 of 106
good luck to you guys, but certainly not for me ...... i hear China and i am very wary; no web site; very little trade .... none of it sounds good to me ...... by the way, nms is only 2000 so see what happens if you try to sell 6250 in a weakening market

cynic - 05 Apr 2007 12:46 - 27 of 106
if some of you Wunderkinde listened to me occasionally, you might also find yourselves backing some quality stocks for considerable profit too .... as for SOLA, do you not believe sp is now looking sickly?
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Well cynic if you read your two posts ,,,,,,,first i sold a fair amount(a lot more than 6250) and the market makers gave me 3 points above the bid ,second if we listened to you i wouldn't have gained 55 points to the good in 6 weeks ,so i think you need to stick to posting your thoughts on what your trading and also admit you were wrong .....

and if you weren't so keen to criticise, you would also have read my post 106 ...... and there have been plenty of (my) stocks that have gained significantly in recent weeks, as well as lost of course

finally, thank you for your advice on what i should write about .... it will be duly ignored!

There is a place for all opinions, that is what makes a good BB discussion. We will never know when another poster buys or sells, or if indeed they do hold, or are long or are short.

Good discussion of both sides (bull and bear) is desired for a balanced view.

As for me I have recently top sliced WCC and my remaining holding is in for free for the longer term.

Fact is cynic didn't just post a view ,he told me i was wrong about the market size when i had just traded ,and bashed the stock ,,i do agree with you PP i also like to hear all views,,,however not constant bashing , ,anyway an end to the matter now,,and no hard feelings cynic..

jimmy .... unlike a few here, i never hold grudges or similar .... i strongly believe in the adage, "If you can't take it, don't dish it!" ......

by the way, NMS (normal market size) which is what I posted originally, is not make-believe .... it is published on the official stock exchange site (per company) and is the quantity in which (I think) MMs are obliged to deal ..... WCC, inter alia, has a very low number, specifically 2000 shares .... that does not mean that at any given time you will not be able to buy or even sell in considerably greater volume .... however, come the day(s) of correction, you could well find yourself effectively unable to deal.

Same here cynic ,,have a virtual pint on me ..

will do ..... think i'll make mine a real pint of Pimms given the weather!

time you guys had a chart to look at, so herewith ...... i don't know if there is any commercial reason for the sharp retrenchment other than the fact that this stock is illiquid and it needs only a few sellers (or buyers) for sp to make a disproportionate move ...... for those thinking of taking the plunge (not i), then i suggest waiting until sp hits 25 dma and its reaction at that point ...... having notedd that just 918(!!!) shares seem to have been traded today, i rather suspect that 25 dma will prove no resistance at all, in which case 50 dma could easily be tested or even somewhere between 160 and 175 where there is arguably a bit more support

RNS Number:8790A West China Cement Limited
26 July 2007

West China Cement Limited ("West China Cement" or the "Company")

Trading Update

The Directors of West China Cement are pleased to announce the following trading
update.


First Half Trading
The cement market in Shaanxi Province remains buoyant and the Company has
benefited from firmer pricing which, coupled with improved cost control and
expanded capacity, means that profits for the first half of 2007 will be ahead
of the comparative period in 2006 and on track to meet market expectations for
the full year.


Lantian update
The Company's new production line at Lantian, 35km from Xian, commenced
production earlier this year. The first production line at Lantian, with
capacity for producing one million tonnes of cement per annum, is currently
operating at approximately 95% of designed capacity. The second production line,
of an additional one million tonnes, is now anticipated to commence operations
in August, ahead of the previously indicated timetable.

During the course of the construction of the Lantian plant, a number of
additional opportunities to improve the efficiency of the plant have emerged.
The Company has spent an additional RMB 47 million on these opportunities,
meaning that the total capital cost of the project is expected to be
approximately RMB470 million. These projects include facilities enabling the use
of de-sulphurised gypsum in the production process, increasing the capacity to
use wet fly-ash rather than dry and bringing the crushing of limestone in-house.
These enhancements are expected to lead to operating cost reductions and the use of de-sulphurised gypsum contributes to the PRC Government's green agenda.

Ankang
The directors of West China Cement are pleased to confirm that the local and
provincial governments have granted the Company authority to build a plant with
capacity of 1.8 million tonnes per annum in the Ankang area, in the south of
Shaanxi Province. After due consideration, the Board has today approved the
project and pre-construction work is scheduled to begin by the end of August,
with completion provisionally scheduled for early in 2009. There are currently
no large scale cement production plants in the Ankang area, meaning that cement
has to be brought into the region from a long distance away, leading to pricing
levels above those in the regions in which the Company currently operates. The
Directors believe that the proposed plant will benefit from significant location
and scale benefits and that the Company has sufficient systems and procedures
and depth of management to continue to deliver and manage its expansion. Further
details on the Ankang project will be provided in the interim statement in
September.


Enquiries:

Brett Miller, Director, West China Cement Limited
Tel: +44 207-584 3663

Christopher Caldwell, Insinger de Beaufort
Tel: +44 207-190 7000

fantastic performance from a share which i am happy to admit i seem to have wrongly slated! .... at least i own up to an error, which is more than most others seem capable of

More good moves today.

West China Cement warns FY to be slightly below mkt views; H1 pretax up 72 pct
AFX


LONDON (Thomson Financial) - West China Cement Ltd said it expects its full-year results to be slightly below current market expectations even as it posted a higher pretax profit for the six months ended June 30.

The company said its outlook for the full year remains 'robust' but added that current trading has been hit by severe rains which disrupted the supply of limestone to the Lantian plants, causing temporary production delays.

In the first half, pretax profit rose 72 pct to 56 mln rmb, from 32 mln rmb in the previous year, while turnover grew 46 pct to 201 mln rmb.

my post of 13th june, though even less reason to buy now!

110p will be a fair value for WCC now...plenty of other better bets to choose from.

130p now