PMHL was floated on AIM in January 06 with a market cap about twice that of WCC.
It's figures (go to www.londonstockexchange.com) to December 06 were pretty healthy and they even appear to be paying a divi.
In common with WCC, the shares look pretty illiquid (RNS = 3000 against 2000 for WCC) and volumes light, though significantly greater than for WCC.

Sunday Times brief specific comment of 3rd June 2007 copied below - it was part of a very much longer article about investing in China .....
Prosperity Minerals - China has become the worlds largest cement producer with an output of 1 billion tonnes a year. Domestic demand is expected to reach 1.2 billion tonnes by 2010. Cement is expensive to move around so it needs to be made by local firms such as Prosperity, one of Hargreaves favourite stocks at 153p.

At time of writing I have not yet put in any money.

Chart looks very encouraging insofar as a nice golden cross, albeit only bewtween 25 + 50 dma has now formed.

cynic so you are not "tarring them all with the same brush", or are you? can't understand why you started this thread when you appear to have a rather bigotted view of the chinese.

i posted this for the clearly stated reasons in the header.
my view of chinese business ethics is born of experience ...... i have even had the "treat" of being presented with a set of accounts from a chinese company that was part-owned by the gov't and who wanted to deal with us ..... they were a total joke!

Shares mag says a bargain at current price, target 250p is this the share of the month?

hlyeo98 - 04 Nov 2008 17:48 - 6 of 18
Good to know you haven't, cynic. All these Chinese companies are unlikely to recover.


Seems this one has :-)
(for the time being)

ramper :)

Shares mag seems to have got this one right, roaring ahead on today's RNS.

true, but on totally joke volume - the whole day's trading only amounts to 100k

cynic does your figure include trading in Hongkong?

as this site only shows london trading, and presumably HK has a completely different share listing etc - as does Google and the like between london and NY - then no

if HK is the main hub for this stock, then that is where one should trade this stock and not in london

Volume building today after latest RNS.

nice to see at least one share do well today, even if not mine

cynic but you started this thread?

cynic thanks for this thread wouldn't have noticed this one otherwise, moving towards 200p.

perhaps i should buy the damn thing!

strewth! .... try this for a scary chart over the last few years

cynic decided to take a nice 40% profit as you say nobody lost by taking a profit.

some damn fools listen to me occasionally than!

TCC approve the deal.

http://www.hkexnews.hk/listedco/listconews/sehk/20100223/LTN20100223208.pdf

PMHL are due to receive circa 234p a share in cash and they plan to do a share buy-back.

PMHL EGM is next Monday, and the fireworks should begin soon.

250p ? 300p ? what target price ?

EGM all resolutions past this morning.

The buy backs can begin and the company will be getting buckets of cash.

Sit back, wait, relax and let the further re-rating come.

Some chunky buys today as well :)

pp can buybacks begin before all conditions have been satisfied, completion date is 31/3/10 and may be extended to 31/5/10 according to RNS?