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.

am glad to say, i never did put any money in ...... yet another spiffing chinese stock!

Good to know you haven't, cynic. All these Chinese companies are unlikely to recover.

my opinion of chinese stocks is well publicised!

This seems to have gone off pepe's radar, Director deals going on. Any ideas anyone.

Good rise today presumably on the back of the sale of their cement business for 300m.

cash on its way, and also still own 33% of another chinese cement co.

Likely SoP about 280p - not sure how much of the cash we're going to see though, worrying comment from management about property investment in china...

cynic started this thread suppose he would take his usual "jaundiced" view of this chinese share.

indeed i would - coloured to match the wily oriental!
tread with care, not only because of the parentage, but also the low trading volumes

cynic the wily orientals as you call them seem to have a much better economic future than we do at present,ours being rather brown like......

You mean brown like s**t.

the chinese economy may have a better outlook, but that does not mean you should not take a pretty jaundiced view of many of their business practices

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