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

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:

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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.

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.

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

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).

:) !

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

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

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

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?

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

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.

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.

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.

GNG looks a good one-will watch for the results on the 28th Nov. nice find affc21.

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.

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.

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).

not that lucky I'm afraid! I will add if they drop though.

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.

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