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.







Extremely useful Investegate article LINK


Extremely useful Hoodless Brennan analysis LINK


PDYOR, etc.

This will be the next bit of news.

In addition, the Group is currently awaiting approval to distribute into South Korea
and anticipates receiving this approval before the end of 2006.

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)

More of the same on Monday?

"Tai-hua" - is that any relation to a Chai-hua-hua?

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I'll get me coat . . . .

ah, taihua. i'm thinking of going there on me hols next year ........
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soul, do you wanna get mine while you're there ....

ST
It's laurie's turn to do a thread I've got to many. (It's a lot of responsibility you know) LOL

No spare money---woe is me!! I'll have to think of something.... thanks ST. Do you expect a pull back ? It looks unlikely to me for a while.

Driver I,ve got about several threads including NFDS but no one uses them though I might start another new one on Kiotech later.

st
It looks like you have got the thread.

Great start up 0.75 already!

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.

Good luck to all anyway!

st
Crimson Tide you got it in one.

Driver, that's good news, at least one part of my brain is working this morning, even if it's only the bit that remembers silly trivia! :o)

ST-I'm in couldn't resist any longer!! I have a good feeling about this one so sold some EPY to get in. Here's hoping for a good result for us all.

Welcome aboard, MP. May your investment indeed do you proud!

250,000 sell just gone through @ 20p.

If mps got a tingling sorry a feeling then 100p here we come.

sp is holding up punters shouldn't be selling this will go north when the next bit of news comes in, hopefully before the years out.

In addition, the Group is currently awaiting approval to distribute into South Korea
and anticipates receiving this approval before the end of 2006.

moneyweek is planning a new year article on chinese shares--I'm betting TAIH SOLA and GNG are in it.

oh s.....!!

Well been away since yesterday for 22nd Wedding Anniversary quite impressed that it has held up. Was expecting it to be lower!