affc21
- 22 Oct 2006 21:30
CCH International is a publicly listed company on the Alternative Investment Market (AIM) of the London Stock Exchange, trading under the symbol CCH. CCH International was established by a team of trade finance specialists and brokers with the aim of providing a range of trade finance products to institutions and corporations wishing to raise finance or to sell on trade receivables either through conventional or Islamic means or through its internet based brokerage facility www.cch-etrade.com.
CCH International offers a variety of trade finance facilities including the purchase of short term trade receivables, forfaiting, the discounting of promissory notes, issuance and discounting of letters of credit, back to back letters of credit, deferred payment letters of credit, discounting bills of exchange , asset backed finance and internet based trade finance broking. CCH International is also a specialist in Islamic Finance and can arrange for Morahaba, Ijara, Istisna and other compliant facilities.
CCH International has offices in England and Germany, as well as strategic relationships in Australia, Bahrain, UAE, Turkey, Iraq and the USA.
http://www.cch-international.com/
Financial calendar (not up and running as yet):
http://www.cch-ir.com/content/investor/financial_calendar.asp
Presentation of 2006 Interim Results (PPT - 1.3MB):
http://www.cch-ir.com/PDF/InterimsPresentationSeptember%202006.ppt#257,2,Presentation Team
2006 Interim Report (PDF):
http://www.cch-international.com/PDF/CCHInterim18.09.06.pdf
affc21
- 22 Oct 2006 21:47
- 2 of 94
8 September 2006
CCH International plc
("CCH" or "the Company" or "the Group")
Interim results for the six months ended 30 June 2006
CCH International plc (AIM: CCH), the trade finance group, today announces its
interim results for the six months ended 30 June 2006.
Highlights
* turnover increased to #7.85 million (1H 2005: #970,095)
* pre-tax profit increased to #1.6 million (1H 2005: #43,060)
* gross profit increased to #3.05 million (1H 2005: #613,358)
* earnings per share increased to 1.09 pence (1H 2005: 0.09 pence)
* maintains leading market position in Sharia-compliant trade finance
products
* undertaken first trade finance transaction in the Russian market
* agreement with Bill Express Limited (ASX: BXP) of Australia to implement an
A$80 million five-year Sharia-compliant trade finance facility
Highlights from the current trading period
* US$ 20 million Sharia compliant Morabaha facility extended to Globexbank,
Moscow
* multiple deals to the value of US $36 million with Turkish GISAD group
* commitment to increase liquidity in the Company's shares this year
Commenting on the 2006 interim results, Eren Nil, Managing Director of CCH,
said: "We are delighted with the performance in the first half of this year.
Strong demand for Sharia compliant trade finance facilities continues to drive
sales and we are also pleased that the scope of our reach has expanded to
include a wider range of markets. The second half of 2006 has started well, and
we are confident that we will be able to continue to deliver sustainable growth,
not just for the rest of this year but into 2007 and beyond. "
Very confident Chairman and Chief Executives statement (below):
We are pleased to report that the results for the first half of 2006 have been dominated by the growing strength of the Groups profitability. Profit before tax was 1,604,425 compared with 43,060 during the same period last year. Earnings per share were up 12 times to 1.09 pence. The vast majority of this significantly improved profit emanated from the Groups Sharia compliant Islamic trade finance activities.
During this period we have entered into a number of significant international transactions, thus further establishing CCH International as one of the most active players able to structure trade finance products in an Islamically acceptable fashion. There is an almost daily increase in demand for these products from investors wishing to invest in a Sharia compliant manner. Our funding lines are currently running at over US$ 280 million, enabling the Group to finance more than US$1 billion of 90-day short-term trade finance products and we are looking to increase and diversify our funding lines to meet growing demand.
With offices in England, Germany and Bahrain, together with strategic alliances in Turkey, UAE, Australia and USA, we plan to further strengthen our position in our markets. Our funding lines continue to grow and support our deal flow which remains very strong.
Your Board is confident that the Group will continue to maintain its pace of growth whilst further developing Sharia-compliant product offerings in our niche markets, including project finance and leasing.
In the first half of this year we have secured a number of important contracts both in terms of value and geographical reach.
We continue to expand geographically and recently entered into our first sharia-compliant finance transaction in the Russian market which we reported in July.
In conclusion, the opportunities for CCH International within a strong and growing trade finance market for transactions structured both Islamically and conventionally remain excellent. The Groups performance speaks for itself and we expect CCH International to continue to deliver shareholder value. We look forward to reporting positively on the results for the year ending 31 December 2006.
Ian Salter Erin Nil
Chairman Chief Executive
http://moneyam.uk-wire.com/cgi-bin/articles/200609080700316697I.html
-----------------------------------
Downside (temporary):
As pointed out in the 2005 Annual Report, CCH intends to increase liquidity in the Companys shares to facilitate greater volumes of trade and this is to be achieved in the very near future.
-----------------------------------
Earnings projections:
With strong demand for Sharia compliant trade finance facilities continuing to drive sales and expanding through a wide range of markets.
Could potentially multi-bag from here if they continue to grow at this pace: Comparing the pre tax profit growth from 2H 2005 PTP 646,494 to 1H 2006 PTP 1.6m, works out at an impressive 147% growth over 6 months.
Seeing as earnings per share increased to 1.09 pence 1H 2006:
If CCH were to stand still (ie no growth) for the rest of the year they would make EPS of 2.18p which would put them on a respectable PER of x7.5 (at 16.5p mid. share price), for this year 2006.
But with the strong demand for Sharia compliant trade finance facilities and with the funding lines currently running at over US$ 280 million, enabling the Group to finance more than US$1 billion of 90-day short-term trade finance products. My earnings projections are for an increase of at least 50% (trying to be conservative) over the second half of 2006 compared with the first half of 2006. CCH would then make EPS of 2.7p which would put them on a low PER of x6.1 (at 16.5p mid. share price), for this year 2006.
Must surely be looking at a very low PER for 2007.
As always DYOR
affc21
- 22 Oct 2006 22:07
- 3 of 94
Insinger de Beaufort is the Nominated Advisor and Broker for CCH, who have not finalized the Note on CCH International as yet.But for which I am hopeful of the Note to be released shortly.
affc21
- 23 Oct 2006 16:27
- 4 of 94
Shares on offer reduced to 13,402 (maximum)- was 50,000 shares maximum on offer last week with Selftrade.
MM's may not have many shares, looking at the above.
Has any-one got L2 and if so how may MM's deal in this share (CCH)?
Thanks in advance.
moneyplus
- 23 Oct 2006 16:51
- 5 of 94
I have just bought into this one today as I think the next results in Feb 07 will be spectacular-just a hunch!! bought through telephone dealing as restricted online hoping this may do a SOLA next year for me. The CEO holds 80% of the company which why buying is restricted-the promise is that he will sell part of his holding to increase liquidity. IMO this is not a downside but a big plus when it happens.
affc21
- 23 Oct 2006 18:10
- 6 of 94
moneyplus - yes I agree, increase in liquidity would be very welcome, for one example it would also attract the attention of the larger investors, for whom it would become easier to buy a decent quantity.
As it stands at this moment (illiquid), if any good news is released it would be almost impossible to buy any decent quantity (or heaven forbid vice verse).
affc21
- 24 Oct 2006 17:25
- 7 of 94
For anyone that may be interested. Their are 3 MM's on the books, in answer to my own question from previous post.
With Thanks to mjcrockett (ADVFN).
moneyplus
- 24 Oct 2006 22:56
- 8 of 94
interest in this one will rise when they repeat excellent results like the previous set to establish they continue to grow. while they are below the radar we have a chance to accumulate IMO.
affc21
- 25 Oct 2006 15:40
- 9 of 94
moneyplus - and accumulate in size at this moment in time. Reading through the ADVFN BB, it was mentioned (complaining) that they could only buy 500 shares at the release of good news at the time.
The NMS is also only 500 shares.
moneyplus
- 25 Oct 2006 15:58
- 10 of 94
try phoning the dealing desk-I bought 20000 that way and a further 5000 online yesterday via selftrade.
affc21
- 25 Oct 2006 16:07
- 11 of 94
Yes, Selftrade are now showing maximum 15000 shares at 17p offer.
Got most of my shares, but may top up shortly.
affc21
- 27 Oct 2006 15:08
- 12 of 94
Islamic Finance (through which CCH is expecting strong growth for 2H 2006 and into 2007):
Morabaha Financing
Morabaha financing is the Islamic finance of trade transactions with known products and fixed maturity dates. The profit rate is always agreed at the commencement of the transaction and therefore cannot fluctuate through the life of the transaction. (Conventionally this would be fixed rate financing eliminating any risk of upward or downward movements in interest rates.)
Profit as agreed can be paid during the transaction or at maturity.
Morabaha financing would usually be for transactions of between one month to three years.
The financing institution will normally pay the proceeds of a Morabaha facility to the supplier of the goods being purchased. The buyer would pay profits and principle to the financing institution at maturity. On occasions the buyer's obligations may need to be guaranteed by a guarantor acceptable to the financing institution
Ijara Financing
Ijara financing is the Islamic equivalent to conventional lease financing. Ijara will be used when there are products that may be financed by a leasing structure such as shipping containers, vessels and cars. etc.
The profit rate is re-fixed every three to six months as profit is paid and therefore may increase or decrease during the life of an Ijara facility.
The financing institution will usually require formal title (or a charge) over the underlying products being leased, however this is not always the case.
Ijara financing would usually apply to transactions with tenors of between two and ten years.
Eren Nil, Managing Director of CCH International is also the local agent for ICIEC, the insurance subsidiary of Islamic Development Bank, Jeddah.
affc21
- 27 Oct 2006 18:56
- 13 of 94
AFX news from the Interum Results dated 08.09.2006. (which highlights the strong demand seen and expected going forward for Sharia-compliant trade finance facilities):
CCH H1 profit boosted by strong demand for Sharia-compliant trade finance credit
LONDON (AFX) - CCH International PLC reported a sharp jump in profits for
the first half on the back of strong demand for Sharia-compliant trade finance
facilities.
The trade finance group also said the second half has started well and that
it expects to report positive results for 2006 as a whole, with growth
continuing next year and beyond.
In the six months to June 30, pretax profits soared to 1.6 mln stg from just
over 43,000 on sales up at 7.85 mln stg from around 970,000.
newsdesk@afxnews.com
http://www.advfn.com/news_CCH-H1-profit-boosted-by-strong-demand-for-Sharia-compliant-trade-finance-credit_16760676.html
affc21
- 29 Oct 2006 09:45
- 14 of 94
I have not got L2, but Selftrade were showing maximum 10,000 shares at 17p offer on friday (Selftrade were showing maximum 50,000 shares at 17p offer just over a week ago).
I could be wrong but it looks like the MM's may not have that many shares on their books, so any sustained buying from here on and we could very possibly see a good rise in the share price.
moneyplus
- 30 Oct 2006 12:46
- 15 of 94
early days yet but nearer the next set of results I expect them to start rising back towards the previous high.
affc21
- 30 Oct 2006 16:37
- 16 of 94
That's a potential increase of 50% in share price back to the previous high, with the potential of much more to come.
moneyplus
- 30 Oct 2006 19:25
- 17 of 94
agreed-that's why I want to accumulate at these levels as some spare cash comes along!! all being well next year this one will be on the radar of analysts etc and we should be well rewarded. IMO of course.
affc21
- 04 Nov 2006 15:02
- 18 of 94
Just been reading through the RNSs for CCH and what I noticed, was that the major news items (potential major earnings enhancements) that were released, were just prior to their end of 1Half reporting period (to 30 June), and hence would not have had the timescale to have made much of an impact in their Interim Report (1H Results 2006).
Earnings from these RNSs, to be earned and shown in the 2Half (to 31 December - end of financial year) and beyond.
Below are the RNSs I am referring to:
-------------------------------
CCH increases financing facilities by 50 mln usd
16/06/2006 08:53 AFXF
LONDON (AFX) - CCH International plc, the trade finance group, said it has increased financing facilities available to it by 50 mln usd.
CCH now has committed funding lines available to it of over 240 mln usd.
This latest increase, which has been provided by an Islamic bank based in the Middle East and structured in a Sharia-compliant manner, is committed and available to CCH for a period of three years, CCH said.
Due to the ever increasing demand for CCH's products, CCH said it will seek to increase its committed funding base by an additional 50-100 mln usd prior to the end of 2006.
newsdesk@afxnews.com
--------------------------------
Re Agreement
RNS Number:8848D
CCH International plc
01 June 2006
Press Release 1 June 2006
CCH International plc ("CCH" or "the Company")
CCH agrees multiple financing facilities for Turkish group GISAD
CCH International Plc (AIM: CCH), the trade finance group, today announces a number of financing agreements.
Sharia-compliant facility for GISAD Dis Ticaret A.S.
CCH has reached agreement with GISAD Dis Ticaret A.S. ("GISAD") of Turkey to conclude a US$10 million three-year Sharia-compliant trade finance facility for GISAD to fund VAT receivables due from the Turkish government. CCH has acted as an agent of the Funder, an Islamic Bank located in the Gulf . This is the second tranche of an existing US$20 million facility that was originally funded in 2005. GISAD is a leading Turkish export trade company offering a wide range of activities and investments from raw materials to textiles to transportation, with total exports of its 800 partners reaching US$2.5 billion.
Sharia-compliant facility for GISAD Arac Kiralama A.S.
CCH has arranged a US$20 million Sharia-compliant financing facility for a GISAD subsidiary, GISAD Arac Kiralama A.S., which centrally manages vehicle parks, covering the purchase of cars for onward leasing to GISAD member companies. This has been jointly mandated with an Islamic GISAD Arac has also mandated CCH to increase the overall facility to US$100 million once this US$20 million tranche
is fully utilised.
US$20 million financing facility for GISAD Faktoring A.S.
Initial funding of US$6 million has also commenced under a US$20 million financing facility for GISAD subsidiary, GISAD Faktoring A.S., which is a fully equipped factoring company that offers the full range of trade finance products and services. It is the intention to increase this facility amount to US$20 million within six months. The facility will be used to finance a pool of local
Turkish receivables insured for non-payment by a local Turkish insurance company.
Ibrahim Ozdogan, Chairman of GISAD, said: "We are pleased to have entered into these facilities with CCH. We increasingly look to CCH for innovative financial solutions to our financing needs through CCH's ability to create flexible Sharia compliant financing solutions."
Eren Nil, Managing Director of CCH International plc, commented: "We are delighted to further strengthen our relationship with GISAD, one of Turkey's major exporters. As Ibrahim states, we are currently looking at several other transactions with Gisad and I hope to be able to make similar announcements about these in the near future. This transaction shows our ability to conclude multiple transactions with one client."
affc21
- 04 Nov 2006 15:04
- 19 of 94
Then we have the RNSs that were released prior to their end of 1Half reporting period and would have had some impact on their Interim Report (1Half Results 2006), but probably on average for 2months only.
Again - earnings from these RNSs, to be earned and shown in the 2Half (to 31 December - end of financial year) and beyond.
Below are the RNSs I am referring to:
--------------------------------------
Export Finance Agreement
RNS Number:8462B
CCH International plc
24 April 2006
Press Release
24 April 2006
CCH Internanational plc ("CCH" or "the Company")
CCH funds US$30 million AA rated credit insurance wrapped hazelnut procurement facility in Turkey
CCH International plc, the trade finance group, announces an agreement between its wholly owned subsidiary CCH Europe GmbH and Basaran Gida Ticaret ve Turizm Isletmeleri ("Basaran") of Turkey to implement a one year US$30 million Sharia-compliant hazelnut export finance facility. Insurance against non-payment is provided by an international insurance company with a Fitch rating of AA.
---------------------------------------
Agreement with Bill Express
RNS Number:3384B
CCH International plc
11 April 2006
Press Release
11 April 2006
CCH International Plc ("CCH" or "the Company")
A$80 million Sharia compliant trade finance facility for Bill Express
CCH International plc, the trade finance group, today announces an agreement with Bill Express Limited ("BXP") (ASX: BXP) of Australia to implement an A$80 million five-year Sharia-compliant trade finance facility. Insurance against non-payment will be provided by QBE Insurance Group which has a Standard & Poors rating of A+. This facility has been co-arranged with the Sydney based
Investment Bankers Convergence Capital.
affc21
- 04 Nov 2006 15:05
- 20 of 94
Now we have the RNS that was released after their end of 1Half reporting period and hence would not have had any impact on their Interim Report (1Half Results 2006).
Earnings from this RNS, to be earned and shown in the 2Half (to 31 December - end of financial year) and beyond.
Below is the RNS I am referring to:
--------------------------------
Agreement with Globexbank
RNS Number:1595I
CCH International plc
29 August 2006
Press Release
29 August 2006
CCH International plc ("CCH" or "the Company")
CCH enters into a Sharia compliant US$20,000,000 Morabaha facility with Globexbank
CCH International plc, the trade finance group, is pleased to announce an agreement between its wholly owned subsidiary CCH Europe GmbH and Globexbank, Moscow to provide a US$20,000,000 Sharia compliant Morabaha facility; a facility typically utilised in the supply and sale of goods at an agreed price, plus a profit mark up. The repayment of the Morabaha facility is guaranteed by Globexbank. The first two payments totalling US$15,000,000 have already been
funded with the last payment to be made during August / September 2006.
affc21
- 04 Nov 2006 15:06
- 21 of 94
So it looks like CCH are in for some serious earnings in the 2Half (to 31 December - end of financial year), when you consider the above news items that were released via RNS.
As always DYOR
P.S. For the above RNSs follow this link:
http://www.investegate.co.uk/Index.aspx?searchtype=3&words=CCH&Go=search
affc21
- 04 Nov 2006 15:16
- 22 of 94
Sorry for the latest postings, but felt that it was necessary so as to help explain/highlight the very high future earnings potential, yet to be shown with this company (CCH) in the second half of this year (2006).
moneyplus
- 04 Nov 2006 16:12
- 23 of 94
:) !
affc21
- 07 Nov 2006 12:03
- 24 of 94
I almost forgot to mention that the company is in discussion for more deals in Australia and further business with BXP itself likely (I am sure CCH are in discussion with other parties, in other regions of the world, as well).
So could very possibly be due for some news if any discussions were to lead to any signed deals.
Info gleaned from the Agreement with Bill Express RNS (below).
Agreement with Bill Express (12 April 2006):
This CCH facility has the potential to significantly increase the amount of receivables purchased by CCH over the next five years, contributing to profitability. CCH and BXP believe that this facility represents the first Sharia compliant trade finance facility of this size provided to a listed Australian company, while it is the single largest transaction for CCH with one customer.
Eren Nil, Managing Director of CCH International plc, commented:"We are delighted to have signed this agreement with BXP. It not only puts us in a strong strategic position for further deals in Australia with several more already under discussion, but it is also likely to lead to further business with BXP itself. This transaction shows our ability to conclude large sized transactions that have the potential to enhance profitability."
For full article, follow the link:
http://www.investegate.co.uk/Article.aspx?id=200604120700244017B
affc21
- 10 Nov 2006 22:54
- 25 of 94
The payment of dividends in the future is mentioned in this news item (as below), but I would not expect it for a few years yet, instead I would expect they will concentrate on growing the business for the next few years .
From the Export Finance Agreement RNS (24 April 2006):
Eren Nil, Managing Director of CCH International plc, commented: "We are delighted to have signed another Sharia compliant facility with Basaran. It not only puts us in a strong strategic position for further deals in the hazelnut and other commodity sectors in Turkey, but is also likely to lead to further business with Basaran itself. This transaction reaffirms our ability to conclude large sized transactions that have the potential to generate significant turnover and enhance our ability to pay dividends in the future."
For full article, follow the link:
http://www.investegate.co.uk/Article.aspx?id=200604240700348462B
affc21
- 14 Nov 2006 21:44
- 26 of 94
CCH International now showing an updated website, with a few added features.
Especially liked this link on the website as below, where it mentions Dividend Strategy (under Strategic Aims 2006 within the Presentation of 2006 Interim Results).
Shows confidence in managements expectations in the company going forwards.
Presentation of 2006 Interim Results (PPT - 1.3MB):
http://www.cch-ir.com/PDF/InterimsPresentationSeptember%202006.ppt#257,2,Presentation Team
Strategic Aims 2006:
*Controlled Growth
*Increase liquidity of Companys shares
*Shareholder Value
-Organic
-Acquisitions
-Increase in asset base
*Risk Mitigation Strategy
*Islamically Compliant Product Development
*Dividend Strategy
affc21
- 14 Nov 2006 21:45
- 27 of 94
Financial calendar also to be added to website, but as yet not up and running.
Financial calendar:
http://www.cch-ir.com/content/investor/financial_calendar.asp
P.S. Would be of interest to find out the date of the forthcoming Final results.
Maybe sometime in February or early March at a guess?
affc21
- 17 Nov 2006 19:13
- 28 of 94
CCH obviously expect strong deal flow to continue, as copied from the Presentation of 2006 Interim Results below (the latest document to have been released by CCH International - only added to their website within the last week).
2006 Outlook
*Strong position in established and growing market
*Strong deal flow
*Constantly increasing funding lines
*Well positioned to develop a broader range of Sharia compliant financial
products
Presentation of 2006 Interim Results (PPT - 1.3MB):
http://www.cch-ir.com/PDF/InterimsPresentationSeptember%202006.ppt#257,2,Presentation Team
moneyplus
- 17 Nov 2006 19:20
- 29 of 94
IIB which is in a similar sharia finance area but pure banking shot up today. I'd looked at it but preferred CCH as it is profitable already, let's hope when the results or some updates come out CCH will shoot up as well!! I feel it just hasn't been noticed at the moment except by a few early birds. affc 21 what is your opinion on EIIB? I haven't bought but I'm tempted as they are already profitable and only floated in May.
affc21
- 17 Nov 2006 20:05
- 30 of 94
moneyplus - first I have heard of European Islamic Investment Bank Plc (EIIB), but will take a look.
I don't know if you invest in Chinese stocks, but one that may be of interest is Geong International (GNG), an AIM listed, Beijing based, provider of content management software and solutions.
Follow the link below for more info if interested (rivaldo's find and the thread originator):
http://www.advfn.com/cmn/fbb/thread.php3?id=13022365&from=1
P.S. I'm also invested in GNG so may be biased, so as always DYOR and what ever your decision, good luck with your investments.
moneyplus
- 17 Nov 2006 21:14
- 31 of 94
I am very enthusiastic about chinese stocks with careful research as some can be very risky. I am in EPY, RCG, SFT { profitable but unloved by the market-it will come good eventually} IMO... I took profits on CHNS and a small profit on EBT as both are slow to get going---put all my spare cash into SOLA for long term as I think it's a brilliant company! As you can see I'm well into China. Will look at GNG for later.
moneyplus
- 17 Nov 2006 21:21
- 32 of 94
GNG looks a good one-will watch for the results on the 28th Nov. nice find affc21.
affc21
- 23 Nov 2006 17:08
- 33 of 94
Have sent email to CCH, asking for a copy of the Brokers note (Insinger de Beaufort), if it has been finalized.
Last time I asked (a month back), the note had not been finalized.
Will post here when I get a reply.
moneyplus
- 23 Nov 2006 18:32
- 34 of 94
thanks affc. I picked up a few EIIB today a they are in the same area of business-not many as I didn't have much to spare but hope to keep adding if they stay quiet for a while.
affc21
- 23 Nov 2006 18:50
- 35 of 94
Happy with my current selection of stocks at the moment, Moneyplus.
Was wandering if you managed to buy EIIB early on monday morning when the offer was dropped to 10.5p for a short duration.
EIIB are on my watch list (not had the time to have an in depth look as yet).
moneyplus
- 24 Nov 2006 10:44
- 36 of 94
not that lucky I'm afraid! I will add if they drop though.
affc21
- 11 Dec 2006 12:13
- 37 of 94
CCH managed growth of pre tax profit from 2H 2005 PTP 646,494 to 1H 2006 PTP 1.6m, which works out at an impressive 147% growth over 6 months (that's some growth over 6 month).
Have used PTP (Pre Tax Profit), as it more realistically shows the growth in business activity, since in their last results they paid tax compared to their previous results where no tax was paid. ie growth not distorted by tax.
So if they only achieve growth of 50% in the 2H 2006 from a relatively fixed cost base, they will earn 2.7p per share after Tax for this year (CCH financial year end is 31 December). CCH earned 1.09p in the 1H 2006 (after Tax).
With the share price at 16.5p (mid), then if they were to achieve EPS of 2.7p (after Tax), that would put CCH on a PER of x6.1 for this year (financial year end is 31 December).
If CCH were to stand still (ie no growth) for the rest of this year(2H) they will make EPS of 2.18p which would put them on a respectable PER of x7.5 (at 16.5p mid. share price), for this year 2006.
Plus cash in bank.
However when you take into account the cash in the bank of at least 2.5m at year end (6.7m at present), then the equivalent PER of x5 is surely to low.
affc21
- 22 Dec 2006 13:35
- 38 of 94
Nice rise so far today, I would imagine some large trades to show later.
Hope Moneyplus and Philjeans are still in.
Try this link below, which may go some way as to explaining todays rise in share price:
http://boards.fool.co.uk/Message.asp?mid=10327687
moneyplus
- 22 Dec 2006 14:10
- 39 of 94
Still holding and looking forward to a good year with this one! thanks for the research.
moneyplus
- 22 Dec 2006 14:21
- 40 of 94
Good stuff-now really looking forward to next year!!
affc21
- 22 Dec 2006 14:35
- 41 of 94
Moneyplus - your welcome. Who knows where this share will be at the end of 2007, I would have thought much higher than where it stands at present.
Confidently looking forwards towards the results, which again should give the share price a boost.
affc21
- 27 Dec 2006 09:00
- 42 of 94
Very good start to the day, must be some buying in the background to be shown later on the trades page.
Do you get the feeling that their may not be many shares in the hands of the MM's, considering the appreciation in the share price on Friday through the purchase of a mere 27,500 shares.
moneyplus
- 27 Dec 2006 10:36
- 43 of 94
another good start today.
AdieH
- 27 Dec 2006 16:30
- 44 of 94
Been in since 14p so very happy, seems to be two threads here regarding COH... I will be visiting the Cech stores in Feb so will let you know what I think about our investment.
moneyplus
- 27 Dec 2006 17:37
- 45 of 94
Adie this is CCH-nothing to do with coffee! still well worth you looking into it.
Kivver
- 30 Dec 2006 11:06
- 46 of 94
thanks guys you have convinced me on this one! Are they any closer to releasing more shares. I think it will hold back a little until they do, noticed there is very little instituional interest at the moment. So good to be in before they release them BUT can we be confident they will let some shares go. I will try to get some of these through 'the share centre' when the market opens and let you know how easy/difficult it was.
moneyplus
- 30 Dec 2006 14:38
- 47 of 94
CEO holds about 85% but has stated in past announcements [interims and AGM] that they intend to release part of his holding very soon to increase liquidity and this should give the sp a boost. I'm hoping this will come with or just before the final results. Covered recently by lemming investor and mentioned in the mail yesterday- interest is rising but as you say there are not yet enough shares in circulation for any institutions to get onboard. at least the board are aware of this.
Kivver
- 02 Jan 2007 12:25
- 48 of 94
A 19% spread at the moment, thats BIG!!!! needs to come down before i get in, or do you think 19% will be insignificant in years to come??
affc21
- 05 Jan 2007 14:45
- 49 of 94
Yes Kivver, that spread is hugely off putting when you consider that the share price needs to rise by the same amount to break even. Fortunately I got in before the recent rise.
affc21
- 05 Jan 2007 14:49
- 50 of 94
Moneyplus hope your enjoying the ride, I'm clinging on until results.
Kivver
- 05 Jan 2007 15:23
- 51 of 94
lol, funny enough it has risen approxmately the size as its spread today. If i'd bought a day or 2 ago i'd now prbably be level!! Keeping a close eye.
moneyplus
- 05 Jan 2007 15:56
- 52 of 94
very pleased so far-but I think there's a lot more to come this year!! now buying into DCD as it seems undiscovered so far but a great turn around-any comments??
Kivver
- 08 Jan 2007 09:53
- 53 of 94
Got in this morning and bought a small amount with no problem. Spread now down from 15 to 7.5% (or it was).
moneyplus
- 08 Jan 2007 14:00
- 54 of 94
Looking very good today welcome onboard kivver.
Kivver
- 20 Jan 2007 19:13
- 55 of 94
C'mon chairman release some shares please.
affc21
- 21 Jan 2007 15:37
- 56 of 94
Kivver - we may learn more at the release of next results, certainly hope so myself.
Kivver
- 21 Jan 2007 18:41
- 57 of 94
they announced interim results on 31st of jan last year, hope for same this.
C'mon chairman please, your not the only shareholder, just, lol.
moneyplus
- 23 Jan 2007 20:49
- 58 of 94
very nice rise today!!
lanayel
- 24 Jan 2007 09:46
- 59 of 94
Any explanation for the extraordinarily large spread ?
Ian
moneyplus
- 24 Jan 2007 11:25
- 60 of 94
Not really-I know that it's very difficult to buy any even 500as noone is selling- so maybe they are marked up to try to put off buyers. you would think if they wanted stock they'd lift the offer.
Kivver
- 24 Jan 2007 13:16
- 61 of 94
i bought a small batch recently with no trouble. ive nearly already covered the large spread but not quite.
moneyplus
- 07 Feb 2007 17:41
- 62 of 94
nice move up today on low volume-getting near to results early march maybe.
moneyplus
- 08 Feb 2007 10:23
- 63 of 94
excellent move up today---is this the next sola?? looking promising are you still in kivver?
Kivver
- 08 Feb 2007 10:38
- 64 of 94
yes, still in, will look to increase if shares are released, good tip guys!
kaysmart
- 12 Feb 2007 09:23
- 65 of 94
Wow !!!!!!!
Not in these but very well done to those who are.
Kays
moneyplus
- 12 Feb 2007 10:42
- 66 of 94
Thanks Kay--I have a feeling these have a lot further to go so I'm holding on to mine. The deals they are involved in are in billions so I'm guessing their commissions are the sort we dream about! The results are out in March --I'm hoping for spectacular ones!! This share is difficult to buy in any quantity as there are not many in free float-those that hold aren't selling.
moneyplus
- 12 Feb 2007 11:04
- 67 of 94
For anyone else interested EIIB are a smaller start up in the same area-sp 10p/11p they have results in March so worth putting on your watchlist. presently trading at the value of the 180 million cash they hold from initial investors. I'm hoping they do as well as cch! DYOR of course.
affc21
- 13 Feb 2007 06:30
- 68 of 94
What a beautiful chart, if I may say so.
Does any one know when the results are due?
Although on earlier postings on this BB thread, we were speculating end of Feb. or beginning of March.
Kivver
- 13 Feb 2007 09:38
- 69 of 94
Hi affc, no definate date but should be early March. Thanks for this little beauty any more little gems hidden away????
affc21
- 13 Feb 2007 18:49
- 70 of 94
Kivver - the only other shares I have high hopes for are GEONG (GNG) which has established itself as one of the market leaders in the Peoples Republic of China in providing content management solution software products and related services for large enterprises. GEONG's flagship product range, the GEONG PortalAge series, is used by the top 5 Chinese banks and 12 out of the top 20 securities firms in China.
In particular read Rivaldo's posts.
http://www.moneyam.com/InvestorsRoom/posts.php?page=1&tid=10810
and
TIMAN (TMAN) a recently listed Russian oil producer, not really my area of knowledge but bought in on a very knowledgeable oil resources poster on ADVFN who posts under the name of ZENGAZ.
http://www.advfn.com/cmn/fbb/thread.php3?id=13728107&from=1
Kivver
- 13 Jun 2007 09:54
- 71 of 94
on the rise at the mo
moneyplus
- 13 Jun 2007 11:05
- 72 of 94
results out next Tuesday!! price rise indicates we will be pleased I hope --but no rumours coming out at all so this co. is watertight. good luck if you still hold.
no shares available to buy yesterday so holders are hanging in there!
Bluelady
- 13 Jun 2007 14:24
- 73 of 94
Only up circa 26% so far Kivver, lol.
moneyplus
- 13 Jun 2007 15:02
- 74 of 94
just back online---what a nice whoosh up! spread much narrower too today it is normally 7p--this may be due to the start of trading on plus announced today to make the shares more liquid. much more than this to come I very much hope!!
Kivver
- 13 Jun 2007 15:10
- 75 of 94
not bad the lady blue, eh ;-)
moneyplus
- 19 Jun 2007 08:30
- 76 of 94
excellent results as we expected!
Revenues up 293% and operating profit up 447% and last year was 14 months------fantastic!! the city should really wake up to this one now---pity there's no mention of a dividend though.
moneyplus
- 19 Jun 2007 08:52
- 77 of 94
and we now have lift off!!
Kivver
- 19 Jun 2007 09:55
- 78 of 94
i was hoping for more info on releasing some more shares in improve liquidity. They have released some in Germany, fat lot of good that does us. Only on a PE of 2, that cant be right, can it??
moneyplus
- 19 Jun 2007 10:45
- 79 of 94
I was hoping for the same thing--people keen to buy but just can't get hold of any.
Kivver
- 19 Jun 2007 16:15
- 80 of 94
weird kind of day, shot up on a low spread early on in the day. Now only up little on a bigger spread. ???????????????????????????? Pe must now be less than 2.
Bluelady
- 19 Jun 2007 16:15
- 81 of 94
Date: Tuesday 19 Jun 2007
LONDON (ShareCast) - Trade finance group CCH International, which specialises in Islamic finance, said 2006 was a year of great success as profits surged.
The group, which was the fourth best performing stock on AIM in 2006, saw pre-tax profit for the year to December surge to 3.8m from 690,000 last year. Turnover rose 293% to 19.1m from 4.8m for the 14-month period to December 2005.
It continues to offer innovative Sharia-compliant trade finance products, the demand of which remains unabated, said the group.
CCH is a tightly held stock but the group is taking steps to increase investor appeal and liquidity.
In a telephone interview, finance director Patrick Kennedy said CCH has released shares through its German subsidiary and listed on Plus Markets. Liquidity could also improve with possible future acquisitions, he added.
He said the company will look to grow organically, through strategic acquisitions and by taking small positions in companies with high growth prospects.
The acquisition of CCH Investment Consultants EC has provided an opportunity to further develop its business in the Middle East.
CCH is now well positioned to maintain its strong earnings growth and I look forward with confidence to the future, said chairman Ian Salter.
Kivver
- 30 Aug 2007 13:09
- 82 of 94
Can anyone explain why it has been suspended. The company say the answer is on this page below but i havent got spare month (why do companies always make life so difficult for investors) to go through it and find the answer. cheers.
http://www.cch-international.com/content/investor/welcome_aim.asp
moneyplus
- 30 Aug 2007 13:16
- 83 of 94
Kivver the reason is a reorganisation of the borrowings the guess on the other side is that the amount of business is growing so rapidly they need financial backing in the billions now rather than mere millions!! nice thought I hope it's right.
Kivver
- 30 Aug 2007 15:47
- 84 of 94
thanks moneyplus, no need to panick then!!!!! phew!
moneyplus
- 30 Aug 2007 17:47
- 85 of 94
could be the developing stages of a global giant---I've got everything crossed!
Kivver
- 07 Sep 2007 12:44
- 86 of 94
When is it likely to be re-emitted to the market????
moneyplus
- 07 Sep 2007 13:25
- 87 of 94
AGM in 2 weeks---trouble from investors on the other side if nothing comes out then to cheer us up!!
Bluelady
- 21 Sep 2007 16:07
- 88 of 94
Kivver, news from their website.
Re Suspension
19 September 2007
On 16 August 2007 trading in the Companys shares on AIM was suspended following an announcement that the Company was in discussions regarding certain of its funding lines. These discussions were necessitated as a result of one of the Companys funding banks (the First Bank) indicating that it intended to terminate agreements with the Company and CCH Europe GmbH (GmbH), CCHs principal subsidiary, following a review which revealed that some US$350 million of lending advanced by GmbH was not applied in short term receivables but in longer term investments. The First Bank demanded immediate repayment of funds (totalling approximately US$500 million) advanced under those agreements by the First Bank on its own behalf and on behalf of a second bank for which it was acting as agent (the Second Bank). In view of the threat of disruption and uncertainty caused to the Groups business by these developments, the Board decided to request suspension of trading in its shares.
Confidential negotiations to conclude an agreement with the banks for repayment of the funds over a three year period are at an advanced stage. On 19 August 2007 the Company and GmbH, amongst others, concluded an agreement with the First Bank. This agreement is conditional on a number of matters including arrangements being reached with the Second Bank, which arrangements remain subject to ongoing negotiations.
In connection with the above arrangements on 18 August 2007, in order to protect the Companys assets, CCH entered into an agreement to sell GmbH to Eren Nil, CCHs Chief Executive Officer and the sole director of GmbH, for US$1 with an option to re-purchase GmbH for US$1 at any time up to three years and six months from the date of the agreement. This agreement may be rescinded by CCH in the event that approval of the transaction by the shareholders of CCH is not obtained by 30 September.
The Company is not currently in a position to send a circular to shareholders convening a meeting to seek their consent to the disposal of GmbH to Eren Nil, a related party, as required by the AIM Rules.
The Company is not yet in a position to ascertain the full impact of recent events on its future prospects but it is unlikely that business activity in the short term will be sustained at levels previously reported.
A further announcement will be made as soon as possible.
Bluelady
- 21 Sep 2007 16:12
- 89 of 94
Moneyplus,
Found this with regards to the AGM
CCH International wishes to announce that the Group's AGM, which was scheduled
for the 19 September, was adjourned until further notice.
moneyplus
- 21 Sep 2007 20:22
- 90 of 94
suspect this is the fallout from the banks lending to each other and now they are feeling the squeeze. They've demanded the money back after CCH have financed their deals. CCH have lent out long term-the banks say the money was short term finance and the penalty is instant repayment. I don't know if the action CCH have taken will save them-they are trying to negotiate a 3 year repayment deal while in suspension. The co. is badly damaged even if they get through this.
moneyplus
- 21 Sep 2007 20:23
- 91 of 94
Thanks anyway Blue lady---I'm blue too!
Bluelady
- 04 Oct 2007 22:58
- 92 of 94
No problem moneyplus :0). This is the latest news.
CCH International plc
04 October 2007
Press Release 4 October 2007
CCH International Plc
('CCH' or 'the Company')
Agreement with principal Bank
Further to the Company's announcement on 16 September, the Company announces that it has concluded an agreement ('Agreement') with its principal bank ('Bank') in relation to the repayment of funds owed to the Bank over a three
year period.
Pursuant to the Agreement, entered into with inter alia, the Bank and CCH Europe
GmbH ('GmbH') the Company acknowledged its debt to the Bank of US$50m and
guaranteed the obligations of GmbH to the Bank up to a maximum liability of
US$100m. In return, the Bank released the Company from any other claims that
the Bank may have had against the Company with regard to funds advanced
principally to GmbH by the Bank. In addition, GmbH has agreed to pay all sums it
owes the Bank and has guaranteed the obligations of the Company to the Bank
pursuant to the Agreement.
A further announcement will be made in due course in relation to the agreements
entered into with the managing director and majority shareholder, Eren Nil.
moneyplus
- 05 Oct 2007 10:20
- 93 of 94
seems as though the banking situation is calming down generally and this one has decided to be sensible and honour it's 3 year agreement rather than push the co. under and lose the lot!! Trading was very strong and I would now hope after a period of preparation and finding a new nomad CCH will return to market. The sp will take a knock but long term I'm hoping this one will still be a good investment.
Bluelady
- 25 Oct 2007 00:01
- 94 of 94
:0( latest news.
Press Release 24 October 2007
CCH International plc
('CCH' or 'the Company')
Cancellation of trading
CCH wishes to announce that, in accordance with Rule 1 of the AIM Rules, at 07:
00 on the 25 October, the admission of the Company's shares to trading on the
AIM Market will be cancelled as the Company has been unable, within the required
period of one month, to find a nominated adviser to replace its previous
nominated adviser who resigned with immediate effect on 24 September 2007.
The board of directors of the Company ('Board') is currently exploring a number
of options relating to the future of the Company and will select the option
that, in the opinion of the Board, is in the best interests of the shareholders.
It is expected that the review of these options will be completed in the near
future and that shareholders will then be advised accordingly.
- Ends -
For further information, please contact:
CCH International Plc
Ian Salter, Non-Executive Chairman Tel: +44 (0) 20 8334 0871
info@cch-international.com
www.cch-international.com