Morning all.

time for another one of Soul Traders' inflammatory threads!!

Shares Mag mentioned Shandong Haike chemical group last week, as being a Chinese company about to be launched on AIM. I have just spoken to the brokers and have confirmed that the admission date will be 14th Feb. The EPIC will be HAIK as posted above.

Shares says the company is likely to be on a forward PE for 2008 of 2.4 (for net profits of $30 mil, and a market cap at float of $80 mil). That kind of figures could put Haike in the same league as Renesola in terms of SP growth.

I was wondering if anybody else has heard of Haike and whether they have any info.

I have requested a pdf copy of the AIM admission document and am expecting to get this on Friday when it is released.

EDIT: no sign of the admission document yet, but here's something by Investegate to whet the appetite (posted on the other side by OliverCromwell):

LINK


Over to you!

PDYOR, etc.

So if we assume they made 3 million after tax, that would mean the co is valued at flotation at 10 times earnings. Shares Mag thinks HaiKe is on course to make $8.6 mil post-tax for 2006 (results due soon??), which is 4.3 mil and would put the co on a current PE of 7.

Well, it certainly tickles my financial fancy.

Excellent posts, Smiler, thanks very much!


Note: Shares mag says the market cap at flotation will be $80 mil, all the other sources say $60 mil. Apologies for any confusion, but until the actual admission it's a bit difficult to know for sure.

One to watch !! best of luck ST

Thanks, mate. I shall definitely being giving the IPO doc some close attention.

I shall watch and wait with interest--looks tempting.

MP, good to see you on here :o) Yes, this one is tempting me like a tempting thing. Has to be worth a punt, but I'd like to see the paperwork before I risk my cash. Might get in for a small punt at launch and then wait for those 2006 results.

ST, go down two companys and you will see Hakie !!

http://www.daytimenews.com/feeds/4327.html

That's a decent article, Smiler, thanks! The good thing about HaiKe is that it has a low degree of product risk, so I can't see them failing due to lack of demand for their output.

Thanks smiler-I also liked the look of HEGY nicely up and fits the green band wagon. No funds at the moment but on my list.

I Know what you mean, I might sell a few of my non movers to see what happens with this one :)

http://www.g-boc.com/vbt/e/search/shan/project.php?NO=14544&P_NO=1&VBT_NO=1971&from=&zone=&keyword=

of Interest

http://www.slof.com/sl_english/slsh.htm

Two more excellent articles, Smiler. Thanks!

No problem, I Dont mind digging around for company info ( its that or CBEEBIES) !!!! : (

LOL! Well, I'd hate to think you were getting bored . . . .

No chance of that with a 4 year old and No 2 Due in 5 weeks, Glad I work Shifts !! Also Barclays said the 28th for Haike to start Trading on AIM ?

Curious, I thought it would be trading on the 14th.

Hopefully the IPO doc will confirm. Will let you know when I've had a squint.

thanks ST.

ST, Barclays have just changed the date to the 14 Feb 07 on there IPO Details ! :)

:o)

Thanks for that update, Smiler.

No sign of my IPO doc yet! Will have to call Hanson Westhouse again on Monday and remind them politely!