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.

Many congrats, ST.
Looks like you picked another winner (at least in the short term).
Never got in myself. Oh well.
Alan

Thanks Al, but it would be a good thing if I had managed to get in already, however, due to the fact I need to get prior clearance from my employer (which is pending), am still stuck on the sidelines.

Gonna invest what I rescued from CBOX yeasterday and then play a waiting game.

many thanks soul* ..... that's another trundle down the pier that i owe you! ..... in fact, have cut and run with 500 clear ...... will now watch and may buy back later ..... suspect sp is still a bit overblown even though it has come back 10 off its high

Well done, Cynic!!

Glad I've managed to do everyone else a favour :o) Looking forward to that ride along the pier. Can we visit the arcade? Pleeeeeze??

(LOL!)

Will post a chart to the header so we can all admire HAIK's progress.

yes .... but not allowed to view "What the butler saw" ...... get you overexcited.

HAIK's progress will note, i hope, be synonymous with RAKE's progress!

So, the approval came back sooner than expected, and I have managed to get in for a cautious 1,000 shares at 126.25.

It will be interesting to see if this gets hammered by the MM's over the next few days. I have the feeling that HAIK will release its FY 2006 results soon - ought to be by end of March anyway - and that this will give a boost to the SP, but there could be a dip in between if the MM's decide to shake out some profit-takers.

FWIW I have had a look at the "First Day of Dealings" article on FT.com and at current SP of 127-ish, the company is trading at 49 mil mkt cap, for a PE of 12.7. And that's on 2005 earnings, so naturally we hope that 2006 will be an even better showing.

FT.com Article

And here's the current spread: HAIK Bid: 120p Offer: 127p

Up about 59% on the issue price.

but i can tell you that even at 08:00 sp was already >100 ...... tried to buy a total of xxxxx at 97 (hahaha!), 107 and 109 and in the ned had to accept part fill at 112 at about 08:15

Right - this was priced to get away quickly so am not in the least surprised you couldn't get in under 100p, Cynic.

FWIW according to Shares Mag, HAIK is expected to make post-tax profits of around 15 mil for 2008, which means at current SP we are on a PE of around 3.27.

No question that this should give us all plenty of reasons to be happy if the business progresses according to plan.

PDYOR though!

virtually all trades now going through look to be red and in relatively large size ...... i am therefore more than happy with my own action for i think sp could now come back significantly during the day ..... but certainly not brave enough to short with a 7p spread!

just for info, and we know this may not be 100% accurate ......

12:36 123.5 5,000 O 122.0 128.0 Sell
12:35 126.5 4,000 O 122.0 128.0 Buy
12:27 128.0 5,000 O 120.0 127.0 Buy
12:25 122.0 28,000 B 120.0 127.0 Sell
12:23 123.0 10,000 T 120.0 127.0 Sell
12:22 125.5 1,576 O 120.0 127.0 Buy
12:01 122.0 5,000 O 120.0 127.0 Sell
11:57 122.0 1,568 O 120.0 127.0 Sell
11:48 125.6 3,000 O 120.0 127.0 Buy
11:47 124.0 8,230 O 120.0 127.0 Buy
11:37 122.0 30,000 O 122.0 128.0 Sell


79,568 sold
21,806 bought

indian rope trick?

Maybe, but the spread has actually moved up since I've been watching:

HAIK Bid: 122p Offer: 128p was 120/127 mid-morning.

Article about the float in the Telegraph, posted on the dark side by OliverCromwell:

LINK

Link to Investegate article posted to header.

the short history shows that i got out too early .... but don't care one iota! ..... wasn't going to buy initially but greed got the better of me; banked a nice and therefore real profit (500) in an hour or two, so no grumbles for sure.

meanwhile, SOLA has taken some viagra (OTC Boots!) which has made for very jolly reading today, along with a few other bits and bobs

Gee, I wish we had Boots here in Germany :o)

Very glad you had a good day, Mr. C! My trade is nudging up towards the break-even. Lovely shape to the chart, too.

HAIK Bid: 128p Offer: 133p

EDIT: tell a lie: I'm in profit! About enough for a Mcdonald's meal :o)

glad i do not need the dreaded blue pill! ......

shall continue to watch Haike, but hope i do not rush back in prematurely ...... my gut feeling is that it will pull back, but i thought that earlier, and it even looked as if it should .... however, guess there may be a big buyer hoovering up on a protected trade that is not yet revealed as not complete

For those of us who like to stay in for a bit longer, there's less worry about a pull-back. However, once some sort of pattern establishes itself I might consider a few sneaky plays on the dips.

Good luck anyway!

Thanks ST, a nice turn out :))

No worries, mate :o)

Advancing again today: HAIK Bid: 133p Offer: 138p Change: 5