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.

What is the Value of net assets per share?

bugger all on a good day i would venture

15.67p

so buy all you can, though i wonder who vaklued the assets ..... anyway, i bet you could pick up lots of stock for <12.5p with the sellers delighted to have the shares taken off their hands

LOL @ cynic.

Very true.

Any net asset value is historic, gawd only knows that they have purchased and spent in the meantime. The only way to see the real value of the net assets is a valuation with results, however, TAIHUA appear to put results out 6 months after the end of the financial year, so even those figures are 6 months out of date.

In simple terms, you have no idea what is going on, and so, the SP is where it is, as their trading update was awful and their outlook very similar IMO.

LOL

Up 77% today?

with a factual spread of 7.00/8.50 why would you want to touch this even with someone else's!

cynic never one for you but some are curious when a sleeper goes up 77%.

i was curious too ..... "Curious Yellow" comes to mind!

agree, joke spread, needs to jump about 30% just to profit!!

E U approval confirmed on 24 Sept, this is now going to fly.

DYOR.

sp sudden jump?

Sp up 35%!

I love it, results due by end of month along with the news that we've been waiting for, for ages.

Up 43%, just wait until everyone else finds out. This rise is on the back of current investors stumbling upon EU accreditaion before it being released by the company. Also the market were caught short initially by the surge in buying.

Good luck all, I'm in and staying for the foreseeable future.

News out officially in a rushed RNS timed 11:01, sp still rising.

LOL

Now a 66% gain on the day. Never mind PP, why not trade the rise then.