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.

I have indeed - got in ASAP on the same logic I applied to SOLA, i.e. that it looks undervalued and is growing fast.

Got in at 20p

st
I just joined you @ 19.9

Hi gents bought in @ 13p Soul isn't the free float 7.2 million shares (720,000/ by 10p).

laurie
Hi laurie here we go again.

Still quiet on GTL but this week has been good will wait and hold on GOO but down a lot at present.
I suggest you have a look at ADA it should continue to climb.
This one I am not sure where it is headed but the fundamentals are good and some of the staff experienced especially the Chief Science Officer.

Copied from Dark Side :
DR Mike Wyllie, a member of the Pfizer team which invented Viagra in the late 1990s, is Chief Scientific Officer at Taihua, which starts trading on Aim today at 10p. Dealers reckon the bio-pharmaceutical company which manufactures anti-cancer agents from Chinese yew trees has a bright future despite stiff competition. It achieved 2005 pretax profits of 1.2m on sales of 2.1m.

laurie
Cheers sit tight on this one and see what happens.

Will watch carefully on Monday and may top splice - have got 20,000 so will see.

Some thing for the W/End

http://www.allipo.com/articles/8518/ipo-taihua-plc-first-day-of-dealing

This will be the next bit of news.

In addition, the Group is currently awaiting approval to distribute into South Korea
and anticipates receiving this approval before the end of 2006.

Laurie, the number of shares in the placing at flotation was 7.2 million. "Free float" refers not to the flotation but to the number of shares not subject to lock-in arrangements, i.e. the number of shares generally expected to be available for trading at any one time, and these shares number around 9.25 mil at present.

Driver, glad to have you aboard. Laurie, you too. You beat us to the bargain - next time, why not write us a quick thread and tell us all about it :o)

More of the same on Monday?

"Tai-hua" - is that any relation to a Chai-hua-hua?

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I'll get me coat . . . .

ah, taihua. i'm thinking of going there on me hols next year ........
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soul, do you wanna get mine while you're there ....

ST
It's laurie's turn to do a thread I've got to many. (It's a lot of responsibility you know) LOL

No spare money---woe is me!! I'll have to think of something.... thanks ST. Do you expect a pull back ? It looks unlikely to me for a while.

Driver I,ve got about several threads including NFDS but no one uses them though I might start another new one on Kiotech later.

st
It looks like you have got the thread.

Great start up 0.75 already!

Driver, I have the thread. Commander Riker, you have the conn. Or was the conn the thing in the submarine in Crimson Tide?

Where was I? Oh yes, shares!

As Laurie rightly says, it's up! I'll try and take a look at your threads, sometime, too, Laurie!

MP, I am not sure whether to expect a pull-back; I tend to think more in terms of where this might be when the next results are published (possible trading update towards year-end or sometime in Jan?) or in 6/12/18 months.

Good luck to all anyway!

st
Crimson Tide you got it in one.