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.

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?

PP can't afford to short LOL since his credit cards were revoked. Saddest individual on the world's messageboards bar none.

Trading is buying and selling, long and short.........

Only Long Term Investors buy and hold.........and nobody should be doing LTBH on any AIM share........really.

LTBH is for main market stocks, not volatile AIM stocks.

pp that is no answer have you ever bought any chinese company shares, if so which ones?

WCC at 120p before its rises upwards.

TAIH at 15p a long time ago, and sold when back down to 15p as well.

GNG in the 20's before selling in the 50's.

RCG in the 40's before selling at 100p.

etc.etc.etc.etc.

Also, shorted them as well. This is the way to trade, be long and also short - thats what shares are about, making money, not falling in love with them.

Falling away fast now - AS EXPECTED AND PREDICTED BY....well PP :)

Sometimes is just so obvious what the rampers are up to.........and how easily they fail as well.

Denial in these market times is the worst enemy of the private investor.

They try to deny things are bad, they do this as they do not want to "sell at a loss" - they fervently search for people or writings that give hope and then comfort themselves that someone else is bullish.

They deny themselves the chance to benefit from market bottoms, by refusing to sell when markets tank, and then having no spare cash when markets really do bottom (FTSE circa 3K or 3.5K ?).

The deny to themselves that the rampers are rampers, that the people desperately trying to ramp prices up are in fact the same as them, trying to not sell at a loss, hoping that ramping will get prices up and they can sell at breakeven.

Denial is what causes PI's to lose - and sadly lots of people today appear to be in denial.


A simple an effective tool in bull and bear markets is, 20% down and sell. Any stock that falls 20% below the price you purchased, dump it, admit you were wrong to buy it at that time, preserve your capital, and move on. If its dropped 20% since buying, its plain obvious you purchased at the wrong time.....is it not ?


Beware of denial, its the PI's worst enemy.