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
- 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.