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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.

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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.

Have to agree with that - hence my top up of yesterday. Price action in this and other shares is very strange at the moment, but should the markets turn north, then this may turn quite rapidly.

Time to sit quiet and let the markets wake.

Cement shares rising in Hong Kong. Must be remembered that cement companies on the Hang Seng trade on PER's in the teen levels.

WCC will dual list on the Hang Seng soon, and yet is on a forecast PER of less than 5 going forward. And remember, results should be out on WCC before mid-March IMO.


http://www.jlmpacificepoch.com/newsstories?id=1622122_0_5_0_M


..............Shares of construction-related companies rose on Monday, following a proposal in the No. 1 document, China's first policy document in 2010, to increase rural housing construction, provide building materials to rural areas and support rural residents who construct their own homes, reports Xinhua News Agency. China National Building Material (3323.HK) shot up 11.13%, Anhui Conch Cement Co (914.HK, 600585.SH) gained 9.3%, Asia Cement (China) Holdings (743.HK) increased 6.65%, and China Resources Cement (1313.HK) climbed 3.04%......... .

Good strong day for WCC, not surprising given the excellent news coming from China (as per the post above).

Given that statement I might even get tempted to raise my "600p" top price for HK listing IPO ;)

Couple of articles related to the news yesterday from China. In the first link, just wonder what 20 times PE pricing would do to WCC when listed on the Hang Seng ;). A large rise could be an understatement.


http://chinaonmeta.com/news?nid=105536

http://english.sina.com/business/p/2010/0131/302473.html


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Looks like the seller has been cleared and the price can now move on up again.