.

I am now all out, thanks WCC, been a great ride from just over 100p levels, I have been selling at stages all the way up and now finally am all out.

Been a cracker of a run, but a profit in the bank is worth more than something on paper.

With the potential for a large fund raising at listing in Hong Kong, for me, near 600p is fine to sell out at and let others carry the can now for more gains or stagnation on dilution.

Proselenes - very well done!

Wrong time to sell, up another 80p already :-))

Some of us find it difficult to get in at the bottom or out at the top ravey so settle for what we can grab in the middle.

Been falling like a knife since you posted :)

Dil

Those "some of us" posters are the more reliable in that they are more likely to be telling the truth about their positions :-))

Another good rise here last week and probably not long before confirmation that the Hong Kong listing has been approved. Then some more fireworks all being well.

Greyhound, there will only "might be" fireworks if there is no "money raising" at the HK listing time.

If they choose the listing time to raise loads of money and get lots of HK funds on board at nice prices - then the fireworks might not happen.

The easy money has been made, now there its more difficult, potential is there, but not as much as when this was 100p :)

it's certainly a strange stock to trade with wide spreads and low volumes and lumpy movement ..... i have long broadcast my dislike of chinese stocks, but this certainly looks to be one of the more honest ones

in the immediate future, i think this just could jump higher, for i note sp has hit its 640 ceiling yet again, but with impetus currently behind the markets, now could be the time for that stubborn resistance to be breached

Pretty sure we've already seen no fund raising confirmed. I missed it at 1 but in at 250p and higher, but I still think this has a long way to go. Listing in HK could well be closer to HKD1. With prospective PE of roughly 5.5x, still very cheap. Quite like the currency play too with CNY revaluation back on the agenda, even if it doesn't happen quickly, it will happen at some point.

Will be interesting to see if the WCC listing gets put back.... again.


http://uk.finance.yahoo.com/news/hong-kong-s-ipo-market-hits-the-brakes-afp-c37c777c92be.html?x=0


Hong Kong's IPO market hits the brakes

Peter Brieger, 6:59, Sunday 9 May 2010

Hong Kong's IPO market -- the biggest in the world last year -- has hit the brakes with several companies shelving share sales as the Greek debt crisis pounds global markets.

Swire Properties, a major real estate developer in the city, Thursday pulled a planned 3.09-billion US dollar share sale, just two days after Giti Tire, China's largest tyre maker, shelved a 500-million dollar initial public offering.

On Friday, iron ore producer China Tian Yuan halted its 522-million dollar issue, Dow Jones Newswires reported, citing an unnamed source.

The shelving of the.......................

......

And it is, put back that is.

RNS just out.

Postponed. Looks like they are trying to raise money with the listing..............

hope you don't hold too many of these, not that it's a bad company ...... it is fast becoming a question of how much one should have invested in the markets at all

I think WCC might be staying on AIM a lot longer. It seems to be they want to raise a load of cash in Hong Kong, but the global situation is not compelling to do it. Might it be canceled until next year now ?

Certainly a lot of people feel they were misled (by who though) as they were expecting no fund raising and so it does not matter they can go ahead and list, but it seems to me that fund raising either at listing, or not long after, is key and so they have postponed for now.

I did post a couple of weeks back in a few places that "if" they postpone it will give the game away about the potential to be looking for fund raising, not just introduction.

A big fund raising will dilute earnings down and pull the rating up to be in line with peers in Hong Kong, meaning the expected (by the ADVFN posters) big leap up might never now happen.

In the short term I can see many more people now selling their margin/spread bet positions, and others taking profits and coming back later, so there could be more weakness in the short term.


A few links to the issues :

http://online.wsj.com/article/SB10001424052748704370704575227980016059138.html

http://www.channelnewsasia.com/stories/afp_asiapacific_business/view/1055400/1/.html

http://www.businessweek.com/news/2010-05-07/swire-properties-shelves-2-7-billion-hong-kong-ipo-update3-.html

.

i think i'll just say, "Chinese stock!" ...... those who could be bothered to read my ramblings will understand that comment exactly

More weakness coming for WCC as China growth very unlikely to sustain. SELL at 470p.

400p ?

not been reading the site here for some time, however been increasing my holding and relisting looks on course for early august. good numbers out too - staying put for the time being - with a low pe, great value and a test of the highs coming.

Another excellent day and testing the 7 level again. I understand there's been a bit of investor presenting going on although not privy to the detail. Bound to be some resistance around here but a good long inverted head and shoulders nicely formed before final break higher before HK listing I suspect.

West China Cement to raise up to $200 mln in HK IPO

Wed, 28th Jul 2010 11:48

HONG KONG, July 28 (Reuters) - Chinese cement producer West China Cement Ltd, plans to raise $150 million to $200 million from a Hong Kong initial public offering in August, a term sheet obtained by Reuters showed.

West China, which started IPO premarketing on Tuesday, is the second-largest cement producer in terms of production capacity in 2009 in Shaanxi province.

The company which plans to delist from AIM, aims to kick off an IPO marketing road show on Aug. 5 and to list on Aug. 19 in Hong Kong, the term sheet said.

The company plans to sell 823 million new shares, or 20 percent of its enlarged share capital, and would use 60 percent of the proceeds for capacity expansion and the reminder for repaying loans.

Deutsche Bank and ICBC International are handling the IPO



So after a 50 for 1 share split



If they raise the minimum for the shares :

150M US$ for 823M new shares.

18 US cents per new split share.


18 US cents x 50 = 9.11US per share old shares.


Means you present shares are worth GBP 5.87



If they raise the max the its :

200M US$ for 823M shares

0.24US cents per new split share

24 cents x 50 = 12.15US$

Means your present shares are worth GBP 7.83




So the target price to sell to HK insti's is between GBP 5.87 and GBP 7.83

They will have to accept the price on offer for the cash.


At least you know now the price range.