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.

Lazarus, of course, came back from the dead, like a good pal of mine who "died" about 6 times 2/3 years ago, but within 6 months or so was right as rain, or sunshine for that matter.

will one be able to say the same of TAIH?

The only thing that would concern me with regard to TAIH is if Dr Mike Wyllie decided to call it a day. He is the chief scientific officer for Taih and is responsible for bringing viagra to the market place. Therefore, with someone of his stature on board, the company has ambition and leadership. The real profits for TAIH will come in 3 years or so when they enter the injectables market. All in the future I know, but that is what makes this a great speculative selection.

meanwhile, you would be much better to put your money elsewhere

SO much for my warning, good luck.12.5p to sell.

BREAKOUT. BREAKOUT. BREAKOUT.

Obviously not a lot of intrest in this one on this site.

Someone purchased 137000 shares at 18p today, 2.5p above the offer.

More blue to come IMHO.

oily any news due?

Finals due by end of June. Currently sitting on a PE of about 3.

Increased demand and sales in China and S Korea.

No news as yet on US or EU licenses. Rumoured to be in line with injectables.

Approx 3 years until injectables are availiable, then this should become a multibagger. IMHO.

Had to top up today, rising nicely on any buying.

Final results must be announced this week.

Not in this one, sold a long time back and escaped at break even.

To me, they do not seem interested in their London listing, it appears to me that they only listed on AIM to assist with their EU and US approvals (the "listed on London FTSE" mark).

This would explain the absolute crap, imo, PR that Taihua has.

Its also explained by the small free float and also the minimal money raised on listing.

If this is the case, then I see very little point in investing in Taihua, as, they will continue to have crap PR, they will not plan to pay any dividends, and so, what value will be delivered to any shareholder ?


They also appear to be very happy to bump revenues by increasing debtor days and trade receivables...........so keep an eye on those figures from results, and the "net cash generated from operations".......if there is any.

concur with PP and recollect that some months ago i commented (as usual) about the wisdom of investing in chinese companies ...... i haven't changed my mind!

Pretty average results imo, but some scary details in there :


Margin down from 57.6 last year to now 55.4% - FALLING MARGINS

Inventories up to 8,104 from 6,150 - RISING WORKING CAP

WOW - Trade receivables up to 20,903 from 5,891 - RISING WORKING CAP

As I said, its easy to get revenue, just give the product away with a "pay when you want to" mentality.........thats the easy way to bump revenues. Always the worry when you see "trade receivables" rising through the roof.


Net Cash Generated from operations DOWN to 9,630 from 26,517


Some worrying signs in there..................but at least they are paying a wee dividend, however, the worries over how they are gaining business should be a concern imo.

P.power your a disgrace writing crap like that, what planet are you on ???

Price is going up PP, weither you like it or not. Excellent results and a dividend.

Just looking in -same old crap on M..A..M where PP regarded as sensible and his acolytes don't know any better. It might provide some entertainment if it weren't so tedious. PP can't afford his premier status on A..D..V..F..N -must be all those losses from LEAD ;-))

Margins falling.

Net Cash generated from ops, falling.


Worrying.

And this is only to Dec 31st 2007.

The bigger issue is will Margins keep Falling at interims.

From Jan 1st, higher labour costs due to the new labour law.
Rising price of chemicals
Rising price of transportation.
Rising price of energy.


Margins could fall further at interims...........

PP WHY DO YOU HATE CHINESE COMPANIES SO MUCH?

I don't hate them, I trade them..........

Its all about making money, not love or hate.

PP IF YOU TRADE THEM WHICH ONES HAVE YOU BOUGHT LATELY OR ARE YOU JUST ANOTHER SHORTER?