.

Decent end of the week. I would imagine this will have plenty of legs into results and the institutional/investor presentations after results.

Returned from my jollies and am pleased to see the market behave whilst I was away.

I equally won't be able to make the PI presentation (work comittments) but would appreciate feedback etc - shame it wasn't an evening or even week-end event, but have to commend managment on the very fact a mtg is being held.

Must digest CHNS non-movement now, as personally had expected a surge here, in the belief that it was merely a stock overhang holding the SP back.

Cash concerns will be the worry at CHNS, many people are sceptical about the last figures and expecting a massive outflow of cash at the interims.

WCC looking for 400p or more in the coming few weeks IMO.

Good news and goes with many earlier comments that companies like WCC, who are building new plants that are much more enviromentally friendly will take up much of the business of smaller and older plants that are shut down due to being too pollutive. WCC has won a number of awards for the efforts in being enviromentally friendly. Although this story centres on Beijing it is a similar story across the country.

http://www.cementchina.net/news/shownews.asp?id=6024

Beijing to kick out 13 cement producers

http://www.cementchina.net [2009-8-21]

Beijing is eliminating a number of small-scale cement companies that are marked by heavy-pollution, high-energy and high-water consumption. At the kickoff ceremony of "China Cement Industry Promotion Program" on August 16, Beijing Cement Industry Association Secretary Hu Zhongjia said Beijing will retain only about 10 large-scale cement plants by 2010.

Beginning in Beijing on August 16, "China Cement Industry Promotion Program" will visit 22 cement plants in Beijing, Henan and Hubei over 34 days to demonstrate production techniques and exchange technological experience. In addition, experts will diagnose production problems and provide technical support on site.

The cement industry is fundamental to the real estate construction material sector. Hu Zhongjia stated that the municipal government has formulated policies to ban the establishment of new cement enterprises and to reduce the size of the cement industry in Beijing through gradual elimination because small-scale cement producers cause heavy pollution and consume a huge amount of energy and water. So far, 8 cement enterprises have been forced to move out of Beijing.

Nearly 30 cement plants still exist in the city. By 2010, 13 more cement enterprises will be phased out and only approximately 10 large-scale cement plants will remain. It is said that Beijing now has an annual cement production capacity of 8 million tons and still needs to import cement from other provinces.

You certainly can find the info Proselenes - I can assure you its much appreciated

Welcome JS.

Strong again today, would be great to see this past 450p after results and presentations.

Looks like profit taking and consolidation over, and off we go up again.

Results out.

http://www.investegate.co.uk/Article.aspx?id=200909010700212657Y

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All time highs now :)

with more to come, one would assume

More to come, yes there was.

I am becoming increasingly concerned that this coming October might be a bad one for the markets so have decided finally to top slice a few WCC and take some profits while strength is there. Better to be safe than sorry and there is certainly nothing wrong with taking a little profit now and then.

Can't disagree with that and something I did yesterday - tbh I rather expected to top up today/tomorrow as was expecting a pullback, even though the roadshows are going on.

Fundamentals still appear great but as you say markets always have that ability to surprise you, so imho profit taking is a sensible strategy, even in a share you have faith in.

Would love to see 500p end of this month, might tempt me to take a little more profits :)

Great stock and hope all are showing massive gains by now, I certainly am.

Been in and out of these twice since the middle of July , thanks for the thread Proselenes would never have noticed them without it.

Much appreciated , cheers.

Be careful with the buys and sells as potentially the best is yet to come, with the company enjoying an effective protected monopoly position, and the virtual certainty of an imminent main market or HK listing.

However, having said that would expect pull backs around the marks, so at 5 there may well be a perfect opportunity to sell and repuchase for a few % points

SOLDOUT TODAY CHEERS PROSEL.

Interesting post and it would explain a number of things. The money raised can be used to pay back the outstanding debt and then allow WCC to go on the acquisition trail. Its going to be more difficult to build new plants in future and the way to expand easily will be limited to buying up other plants. A large number of new shares being issued in HK to raise this money might well keep a lid on the price and based upon that I would expect a price of between 500p to 600p for the placing in HK at the IPO.



West China Cement to raise over $7B in HK IPO next year
11:51
Infocast

(Infocast News) London-listed West China Cement has submitted its application for listing on the Stock Exchange of Hong Kong next year to raise more than $7 billion, the Apple Daily reported today, citing sources.

The IPO in Hong Kong will be sponsored by ICBC International.

The cement producer that operates in Shaanxi Province in China aims to be listed on Hong Kong's bourse before June 30.

.

The recent drop to 400p levels has encouraged me to make a top up here. The pending HK listing could well see this one move up, and my target is a price between 400p and 600p on listing, so as its at the bottom of my target range with only possible upside now I have got some more.

Other people think 800p or more is the potential on Hong Kong listing, so I would love to be wrong with my 600p top guesstimate.

Anyway, for a relatively risk free ride on the potential for a re-rating on Hong Kong listing in the coming 4 months, WCC is attractive IMV now.