Morning all.

time for another one of Soul Traders' inflammatory threads!!

Shares Mag mentioned Shandong Haike chemical group last week, as being a Chinese company about to be launched on AIM. I have just spoken to the brokers and have confirmed that the admission date will be 14th Feb. The EPIC will be HAIK as posted above.

Shares says the company is likely to be on a forward PE for 2008 of 2.4 (for net profits of $30 mil, and a market cap at float of $80 mil). That kind of figures could put Haike in the same league as Renesola in terms of SP growth.

I was wondering if anybody else has heard of Haike and whether they have any info.

I have requested a pdf copy of the AIM admission document and am expecting to get this on Friday when it is released.

EDIT: no sign of the admission document yet, but here's something by Investegate to whet the appetite (posted on the other side by OliverCromwell):

LINK


Over to you!

PDYOR, etc.

I Know what you mean, I might sell a few of my non movers to see what happens with this one :)

http://www.g-boc.com/vbt/e/search/shan/project.php?NO=14544&P_NO=1&VBT_NO=1971&from=&zone=&keyword=

of Interest

http://www.slof.com/sl_english/slsh.htm

Two more excellent articles, Smiler. Thanks!

No problem, I Dont mind digging around for company info ( its that or CBEEBIES) !!!! : (

LOL! Well, I'd hate to think you were getting bored . . . .

No chance of that with a 4 year old and No 2 Due in 5 weeks, Glad I work Shifts !! Also Barclays said the 28th for Haike to start Trading on AIM ?

Curious, I thought it would be trading on the 14th.

Hopefully the IPO doc will confirm. Will let you know when I've had a squint.

thanks ST.

ST, Barclays have just changed the date to the 14 Feb 07 on there IPO Details ! :)

:o)

Thanks for that update, Smiler.

No sign of my IPO doc yet! Will have to call Hanson Westhouse again on Monday and remind them politely!

Update - the broker has written back after all, but is unable to send me the doc. This will be available when the co floats on 14th Feb.

However, they have confirmed the share issue price, which will be 79.8p.

So the question is, will it drop from day one or reach the dizzy heights of SOLA?
Regardless of the company stats, if the take up is good then the sp should presumably rise in the short term.

That's what we're hoping for Harry.

IPO tomorrow!

Bit of a scary couple of days for SOLA, so lets hope HAIK can boost the bank balance.
Presumably these will start trading from the opening bell & be available to private investors or is it corporate investors only to start with?

Harry, I am not certain, as I have never thought about it like that before, but would have thought it would be a free-for-all once the float goes ahead.

We'll know tomorrow.

soul* .... LSE site has nothing; IG has nothing ...... what is market cap and who is nomad for starters?

IPO Details
Issue Date 14-Feb-2007 Prospectus n/a
Issue Price $0.80 Lead Broker Hanson Westhouse
Market Cap $30.61m Contact Tel 020 7601 6100
Method Placing
Sector Chemicals
Market Aim
Amount Raised $10.12m COMPANY NAME:
HaiKe Chemical Group Ltd.
COMPANY ADDRESS:
Offshore Incorporations (Cayman) Limited, Scotia Centre, 4th Floor, P.O. Box 2804, George Town, Grand Cayman,
Cayman Islands
COMPANY POSTCODE:
NA
COUNTRY OF INCORPORATION:
Cayman Islands
COMPANY BUSINESS OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTMENT STRATEGY TO BE DISCLOSED IN
ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (J) OF THE AIM RULES:
HaiKe Chemical Group Limited is a petrochemical and speciality chemical group operating in China
DETAILS OF SECURITIES TO BE ADMITTED (i.e. where known, number of shares, nominal value and issue price to which
it seeks admission and the number and type to be held as treasury shares):
To be confirmed
CAPITAL TO BE RAISED ON ADMISSION:
To be confirmed
FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS:
Mr. Xiaohong Yang, Executive Chairman

Mr. Zaizhong Zhang, Chief Executive Officer

Mr. Johnson Lau, Chief Financial Officer

Professor Chunming Xu, Non-Executive Director

Mr. Eugene Wong, Non-Executive Director

Mr. Derek Marsh, Non-Executive Director
PERSON(S) INTERESTED IN 3% OR MORE OF THE ISSUER'S CAPITAL, EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL
BEFORE AND AFTER ADMISSION:
BEFORE ADMISSIONName Percentage of Issued

Share Capital



HiTech Chemical Investment Limited 76.73%

Mr Junping Bai 21.31%


NAMES AND ADDRESSES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:
NA
ANTICIPATED ACCOUNTING REFERENCE DATE:
December 31
EXPECTED ADMISSION DATE:
Mid February
NAME AND ADDRESS OF NOMINATED ADVISER:
Hanson Westhouse Limited, One Angel Court, London EC2R 7HJ
NAME AND ADDRESS OF BROKER:
Hanson Westhouse Limited, One Angel Court, London EC2R 7HJ
DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT
THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES:
The admission document will contain full details regarding the applicant and the admission of its securities to
AIM and will be available from Hanson Westhouse Limited, One Angel Court, London, EC2R 7HJ
DATE OF NOTIFICATION:
31 January 2007

thanks smiler ..... would have been happier if mkt cap was rather than $ (or is that a misprint?) ..... not at all happy that there is no prospectus either and reg is Caymans! ..... hope LSE has done proper homework as on the face of it, all very flaky.

soul* .... according to the above, notional opening price should be closer toi 40p than 80p - i.e. $0.80 / 1.95