TAIHUA - Traditional Chinese Medicine - a tonic for your portfolio ????
(TAIH)
soul traders
- 15 Dec 2006 15:35
Just quick summary to bring this to your attention; more detail will hopefully follow.
This stock floated yesterday at 10p and has since doubled. It has, needless to say, suddenly become very popular on another BB.
The company is profitable already and trading on an estimated (by yours truly) forward PE for the current year of 9 at SP 20p. EDIT: Hoodless Brennan estimate EPS for Full Year 2006 will be 2.18p - see article (link below).
Free float is 11.4% of the 81.2 million shares in issue - most are held by the directors.
Laurie, the number of shares in the placing at flotation was 7.2 million. "Free float" refers not to the flotation but to the number of shares not subject to lock-in arrangements, i.e. the number of shares generally expected to be available for trading at any one time, and these shares number around 9.25 mil at present.
Driver, glad to have you aboard. Laurie, you too. You beat us to the bargain - next time, why not write us a quick thread and tell us all about it :o)
Driver, I have the thread. Commander Riker, you have the conn. Or was the conn the thing in the submarine in Crimson Tide?
Where was I? Oh yes, shares!
As Laurie rightly says, it's up! I'll try and take a look at your threads, sometime, too, Laurie!
MP, I am not sure whether to expect a pull-back; I tend to think more in terms of where this might be when the next results are published (possible trading update towards year-end or sometime in Jan?) or in 6/12/18 months.