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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.

Nice news. Expanding further :)

http://www.investegate.co.uk/Article.aspx?id=201002090731108680G

West China Cement
RNS Number : 8680G
West China Cement Limited
09 February 2010

Announcement of investment in Longqiao cement plant

West China Cement Limited ("WCC" or the "Company") is delighted to announce an investment in the Longqiao cement plant, a facility with 1.1 million tones per annum capacity and limestone reserves which are sufficient to support this operation for well in excess of 30 years.

The investment has been effected through the establishment of Shangluo Longqiao Yaobai Cement Co., Ltd. ("Longqiao Yaobai"). Shaanxi Danshui Construction Materials Co., Ltd. ("Shaanxi Danshui") an independent third party has injected assets of RMB337m into Longqiao Yaobai. Post the investment Longqiao Yaobai is owned as to 80% by Shaanxi Yaobai Special Cement Co., Ltd., a wholly-owned subsidiary of WCC, and 20% by Shaanxi Danshui. The investment has been financed by an injection of RMB100m by WCC into Longqiao Yaobai, payable in two tranches of RMB50m. Longqiao Yaobai will also assume Shaanxi Danshui bank debts of RMB50m and a shareholder loan from Shaanxi Danshui of RMB150m.

The investment is subject to a number of conditions including the transfer of the mining licence, the transfer of the land use rights and the transfer of the cement production licence and, should these conditions be met, profits and legal ownership will pass to the Company, with effect from 31 December 2009.

Longqiao Yaobai is located in Shangluo region, southern Shaanxi and employs modern NCPP technology.

The investment in Longqiao Yaobai is financed by our internal resources.

Commenting on the transaction, Jimin Zhang, WCC's Chief Executive Officer, said:

"Longqiao Yaobai is another exciting opportunity for WCC. This new establishment is part of our strategic expansion plans and its location some 60 kilometers from Shangluo city, to the east of our Xiushan production facility, further enhances our market position in southern Shaanxi. "

WCC's Chairman Robbie Robertson remarked:

"The Longqiao plant is a particularly interesting investment as it serves the local Shangluo market allowing us to increase our market share in rural development projects, which will benefit from the PRC Government's rural stimulus plan aimed at improving livelihoods in rural areas"

Not too much longer to wait :

http://www.investegate.co.uk/Article.aspx?id=201002100700059125G

West China Cement
Proposed Hong Kong Listing
RNS Number : 9125G

Proposed Hong Kong listing

10 February 2010

WCC, a leading cement producer in Shaanxi Province, People's Republic of China, is delighted to announce that an application for a listing of the shares of the Company on the main board of The Stock Exchange of Hong Kong Limited ("HKEx") was made yesterday, 9 February 2010.

The listing of the Company's shares on the main board of HKEx is subject to, amongst other things, the approval of the listing sub-committee of the board of directors of the HKEx. There will be further announcements to the market as and when appropriate.

News has gone down well. I am hoping for 600p for listing price......some hope for more.

Lets see.

i will concede that this looks to be one of the better chinese stocks, especially with the chinese economy still growing .... however, this is an MM stock only with a pretty wide spread (+/-10p) and low volumes, so caution still a key word

Spread of 1%........not a lot really.

10p = 1%?????

It wanders between 1% and 2%. Last time I looked before it was 1%, now its 2%.

sp has shown 445/455 for about the last 2 hours!

cynic we were at loggerheads about this one a few years back when it was around a pound .

not i, as in principle i don't like chinese stocks

Yes you ,,,i owned the stock at the time unfortunately i sold long before it got to this level.

if you sold at a profit, don't complain ..... having had a good look at this stock, i still don't think i'll buy - i do not like that it is only MM stock; i do not like the low volumes; i do not like the spread

cynic if you believe what you write then why not move on and leave others to hopefully make the profit which you will miss yet again.

firstly, it is entirely my choice as to where and how i post
with regard to WCC, i thought to take another look with a view of maybe putting in a few pennies ...... for the reasons posted above, i have decided against it, at least for now

you are at liberty to invest where you choose, WCC clearly being one such stock

of course i may miss a profit here, or maybe miss a loss, or maybe make a larger profit elsewhere, or maybe make a much larger loss - who knows?

pretty undecided then.

And if the only people who posted an opinion were of the same persuasion what a great informative board that would be.............err not!!

Roll on the Hang Seng listing........ :)