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.

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

still going well ST, how high will it go ??????

nioe one S.T. first time i have read something on this site and acted on it .
made a drink on your post, if you are ever in bridport i will buy you a pint!!

And there's more: HAIK Bid: 152p Offer: 154p Change: 22.5

I am out now, but will keep an eye out !! :)

Thanks, Smiler and Frank.

Actually, Frank, I'm moving back to Bournemouth shortly,so you never know, our paths may cross one day :o)

Smiler, I am thinking of having a top-up as soon as my employer approves my trade.

SP has peaked for the moment; don't ask me how far it will pull back . . . .

HAIK Bid: 145p Offer: 150p Change: 17

Well ST I am all ways in poole so you may get a pint ! :)) Your not taking up sailing again are you !

Smiler, I suspect my Dad will try to lure me onto his new boat - so what I will most likely need to drink is a cup of hot sweet tea with some rum in it after the Coastguard helicopter fishes us out of the briny!! :o)

What I'm really looking forward to is fishing the the Frome at Wareham.

roll on Summer !!!

Aye!!

Commenting on the IPO, Mr. Xiaohong Yang, Executive Chairman, said:

"The response from the institutional investors to the fund raising has been
overwhelming and we are delighted that so many have recognised the potential of
HaiKe. Demand for refined products in China continues to exceed refining
capacity and with our leading position in speciality chemicals, we are well
placed to exploit this significant opportunity. The proceeds raised through our
entry to AIM will enable the Group to continue the expansion of its current
production capabilities, in order to meet this growing market. We believe HaiKe
is in a very strong position with robust markets, strong government support and
a solid platform for growth. We look forward to an exciting future and the
opportunity to deliver value for our shareholders."