This share has started to rise rapidly after the trading update which was very encouraging. The company provides batteries for mobiles etc and alternative power supplies. floated at 135p-should be a good investment with results due on April 18th.

This one is on my watch list, will buy in on the first fall, could be some epic rise on these ones. Feel China connection will make this stock a fast and volotile stock...

From LSE web site


China Shoto is one of Chinas leading companies engaged in the design, development, manufacture and sale of industrial batteries and power supply systems. The Company is principally involved in the production of rechargeable lead acid batteries which are sold as individual units or as battery systems for a wide range of industrial applications. It also supplies related products such as chargers, power equipment and battery accessories.



China Shotos products are widely used in telecoms, electrical power, the Uninterruptible Power Supply (UPS) market, electrical bicycles, railway locomotives and passenger trains and other markets. The Company is a leading supplier of lead acid batteries to major Chinese companies such as China Telecom, China Mobile, China Unicom, China Netcom and China Tietong.



Following the successful placing of 4,615,385 new Ordinary Shares at 130 pence each, the Company has raised 6 million in gross proceeds from the placing, giving a market capitalisation on admission of 26 million at the Placing price.



A record number of Chinese companies have joined AIM in 2005. So far this year, 9 Chinese companies have joined AIM, raising a combined total of 25.04 million.



With China Shotos admission, a total of 14 companies from China are now quoted on AIM, with a combined market capitalisation of 218.31 million.



The listing is a natural step in China Shotos development. The proceeds from the placing will be used to construct a new Power VRLA battery plant; to increase its holding in Beijing Full Three Dimension Power Engineering Co., Ltd. ("FTD"), a leading turbine design and refurbishment service provider in China, and to provide working capital for the Group.



Cao Guifa, Chairman of China Shoto plc, commented:



We are very pleased with the positive response to China Shotos IPO. We now look forward to using the funds raised from the flotation to take China Shoto to the next stage of growth and to continue to build on the success of our already strong brand and reputation. The funds raised will allow us to increase our penetration of our domestic market and for us to expand sales overseas. We now look forward to working with our new institutional shareholders and taking the Group to the next stage of its development.



Seymour Pierce is acting as Nominated Adviser and as Broker to the Company.

thanks-tonker good posting.

Been doing a bit of research into the Company over the last few days.
The shares appear to be a bargain, on a prospective P/E below 10 yet with a tremendous growth potential that, were it a UK based company, would be trading at around 50% above the current share price of 175p.
Couldn't resist a small punt today.

;o)

glad you've joined in-high hopes for this one!!

Moneyplus

There seems to be a solid wall of buying this morning.
It seemed rude not to top up !!!
So I did at 180p

IMO the huge disparity in the prospective PE just because it is a Chinese based company will certainly come down to some extent.

A UK company with similar growth prospects would command an SP in the region of 275-300p.

There seems no good reason for CHNS not to be at least 225p now and probably much higher once the results are out of the way in mid-April.

It's a bargain.

;o)

cheers Ian. hope others are continuing to wake up to this one 275p would suit me !!

I'm in from this morning.

Looking for a run up to results, which from that last trading statement should make pleasant reading.

all the best

capa

you''ve put the price up capa!!

Great set of results announced this morning.

19.80p eps

100% growth, positive outlook, dividends on the horizon all on a single multiple!

capa

With you on this one capa , potential to double over coming months.

Wouldn't disagree with you Dil, nice to have you on board.

all the best

capa

Not unexpected profit taking after hitting 225p at one stage this morning.
I haven't sold any - if anything I'm hoping for the chance to top up a wee bit more.

Ian

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thanks for your time

very tempted but decided to hold as the market and potential is so massive. investors only just noticing this one I think.

I wouldn't dream of selling below 3.00, got some more yesterday at 2.12.

Looking forward, they should easily do 25p e.p.s, stick that on a not too taxing multiple of 12 and you've got 3.00.

If life was only so simple !

capa

.

finally bit the bullet and just bought a few to tuck away! Didnt listen to my advisor at 120 so rather gutter, but I suspect a divi will be announced sooner than later and EPS for next year is rumoured to be much higher than market currently expects.
Even from here Ive heard multi bagger SP mention within 12 months!

'Buy' Recommendation in Investors Chronicle - the magazine points out that, with sales being achieved in the telecoms, energy and retail industries, the rating seems too low.

typical! I took profits yesterday as I thought it was pulling back and hoped to get back in much lower-I'll have to watch and wait a bit longer now.