CHEERS PP. Another potential "short in the making" is ETC. Its just starting to get a little pumped up now, its a yet to turn profitable "travel agent" in China. Now, whilst their figures for 2008 might show growth due to Olympics etc..........now that inflation is biting they should start to struggle in 2009. So just watching it, hoping it gets hyped and bloated, and then, its another nice potential short for next year.
PapalPower - 11 Mar 2008 05:52 - 10 of 12
China inflation now getting out of control....... ?? Get those Olympics out of the way and there should be some really nasty shocks coming, that will bite and bite perhaps......

HOPE this is ok. PP.

Et-china.com International Holdings Limited, the leading travel services group
in the fast growing region of South China, is increasing its equity holding in
GZL, its subsidiary which is the largest travel package holiday providers in
South China.

Under the executed agreements, five senior executives of GZL are exchanging
their entire shareholdings in GZL for shares in Et-china plus cash. For their
GZL shares, valued at RMB 10,756,672 (755,384*), the executives will receive
the equivalent of 78% of their worth in Et-china shares with the balance in
cash. This will involve the issue of 667,550 new ordinary shares at the average
closing price of the last 30 trading days from 5 February 2008 and RMB 2,322,336
(163,085) in cash.

The 5 key executives represent the management team responsible for the
successful development the GZL business over many years including the veteran
Chairman and President, Mr. Hong Zheng, Executive Vice President of Operations,
Mr. Jianxu Lu and Vice President and Deputy Managing Director of Outbound
Travel, Mr. Shaodong Zhu. Their holdings in Et-china will be subject to staged
lock-in agreements.

On completion of the deal the Group will increase its holding in GZL by 3.32% to
53.95%. Et-china's recent two trading updates highlighted GZL's rapid growth,
increasing its net revenue in the 12 months to 31 December 2007 by 37.64%
compared to the 2006 period.

Matthew Ng, President and Chief Executive Officer, commented: 'I believe this
represents a highly significant move as by swapping their entire holdings in
GZL, the business they have built, for shares in the Group, these senior
executives as led by Mr Hong Zheng are demonstrating a strong long-term
commitment to Et-china and the combined business. '

* Currency in this release is converted on the basis of GB1 = RMB 14.24

Baylis, certainly is.

Lets get those Olympics out the way, and see what the figures are in H1 2009, might be some shocking set backs coming, until then expect plenty of "good news" into the Olympic period.......wait, be patient, see if the price rises.......and get ready to assess putting a short on when we get into next year.

ET-CHINA.COM INTERNATIONAL (ETC) BUY - 115p - STOP LOSS - 92p

Offers direct exposure to the thriving travel market in China. It has had a choppy time
since floating in 2007 but now looks to be more comfortable.
shares mag tip.