affc21
- 22 Oct 2006 21:30
CCH International is a publicly listed company on the Alternative Investment Market (AIM) of the London Stock Exchange, trading under the symbol CCH. CCH International was established by a team of trade finance specialists and brokers with the aim of providing a range of trade finance products to institutions and corporations wishing to raise finance or to sell on trade receivables either through conventional or Islamic means or through its internet based brokerage facility www.cch-etrade.com.
CCH International offers a variety of trade finance facilities including the purchase of short term trade receivables, forfaiting, the discounting of promissory notes, issuance and discounting of letters of credit, back to back letters of credit, deferred payment letters of credit, discounting bills of exchange , asset backed finance and internet based trade finance broking. CCH International is also a specialist in Islamic Finance and can arrange for Morahaba, Ijara, Istisna and other compliant facilities.
CCH International has offices in England and Germany, as well as strategic relationships in Australia, Bahrain, UAE, Turkey, Iraq and the USA.
http://www.cch-international.com/
Financial calendar (not up and running as yet):
http://www.cch-ir.com/content/investor/financial_calendar.asp
Presentation of 2006 Interim Results (PPT - 1.3MB):
http://www.cch-ir.com/PDF/InterimsPresentationSeptember%202006.ppt#257,2,Presentation Team
2006 Interim Report (PDF):
http://www.cch-international.com/PDF/CCHInterim18.09.06.pdf
affc21
- 13 Feb 2007 18:49
- 70 of 94
Kivver - the only other shares I have high hopes for are GEONG (GNG) which has established itself as one of the market leaders in the Peoples Republic of China in providing content management solution software products and related services for large enterprises. GEONG's flagship product range, the GEONG PortalAge series, is used by the top 5 Chinese banks and 12 out of the top 20 securities firms in China.
In particular read Rivaldo's posts.
http://www.moneyam.com/InvestorsRoom/posts.php?page=1&tid=10810
and
TIMAN (TMAN) a recently listed Russian oil producer, not really my area of knowledge but bought in on a very knowledgeable oil resources poster on ADVFN who posts under the name of ZENGAZ.
http://www.advfn.com/cmn/fbb/thread.php3?id=13728107&from=1
Kivver
- 13 Jun 2007 09:54
- 71 of 94
on the rise at the mo
moneyplus
- 13 Jun 2007 11:05
- 72 of 94
results out next Tuesday!! price rise indicates we will be pleased I hope --but no rumours coming out at all so this co. is watertight. good luck if you still hold.
no shares available to buy yesterday so holders are hanging in there!
Bluelady
- 13 Jun 2007 14:24
- 73 of 94
Only up circa 26% so far Kivver, lol.
moneyplus
- 13 Jun 2007 15:02
- 74 of 94
just back online---what a nice whoosh up! spread much narrower too today it is normally 7p--this may be due to the start of trading on plus announced today to make the shares more liquid. much more than this to come I very much hope!!
Kivver
- 13 Jun 2007 15:10
- 75 of 94
not bad the lady blue, eh ;-)
moneyplus
- 19 Jun 2007 08:30
- 76 of 94
excellent results as we expected!
Revenues up 293% and operating profit up 447% and last year was 14 months------fantastic!! the city should really wake up to this one now---pity there's no mention of a dividend though.
moneyplus
- 19 Jun 2007 08:52
- 77 of 94
and we now have lift off!!
Kivver
- 19 Jun 2007 09:55
- 78 of 94
i was hoping for more info on releasing some more shares in improve liquidity. They have released some in Germany, fat lot of good that does us. Only on a PE of 2, that cant be right, can it??
moneyplus
- 19 Jun 2007 10:45
- 79 of 94
I was hoping for the same thing--people keen to buy but just can't get hold of any.
Kivver
- 19 Jun 2007 16:15
- 80 of 94
weird kind of day, shot up on a low spread early on in the day. Now only up little on a bigger spread. ???????????????????????????? Pe must now be less than 2.
Bluelady
- 19 Jun 2007 16:15
- 81 of 94
Date: Tuesday 19 Jun 2007
LONDON (ShareCast) - Trade finance group CCH International, which specialises in Islamic finance, said 2006 was a year of great success as profits surged.
The group, which was the fourth best performing stock on AIM in 2006, saw pre-tax profit for the year to December surge to 3.8m from 690,000 last year. Turnover rose 293% to 19.1m from 4.8m for the 14-month period to December 2005.
It continues to offer innovative Sharia-compliant trade finance products, the demand of which remains unabated, said the group.
CCH is a tightly held stock but the group is taking steps to increase investor appeal and liquidity.
In a telephone interview, finance director Patrick Kennedy said CCH has released shares through its German subsidiary and listed on Plus Markets. Liquidity could also improve with possible future acquisitions, he added.
He said the company will look to grow organically, through strategic acquisitions and by taking small positions in companies with high growth prospects.
The acquisition of CCH Investment Consultants EC has provided an opportunity to further develop its business in the Middle East.
CCH is now well positioned to maintain its strong earnings growth and I look forward with confidence to the future, said chairman Ian Salter.
Kivver
- 30 Aug 2007 13:09
- 82 of 94
Can anyone explain why it has been suspended. The company say the answer is on this page below but i havent got spare month (why do companies always make life so difficult for investors) to go through it and find the answer. cheers.
http://www.cch-international.com/content/investor/welcome_aim.asp
moneyplus
- 30 Aug 2007 13:16
- 83 of 94
Kivver the reason is a reorganisation of the borrowings the guess on the other side is that the amount of business is growing so rapidly they need financial backing in the billions now rather than mere millions!! nice thought I hope it's right.
Kivver
- 30 Aug 2007 15:47
- 84 of 94
thanks moneyplus, no need to panick then!!!!! phew!
moneyplus
- 30 Aug 2007 17:47
- 85 of 94
could be the developing stages of a global giant---I've got everything crossed!
Kivver
- 07 Sep 2007 12:44
- 86 of 94
When is it likely to be re-emitted to the market????
moneyplus
- 07 Sep 2007 13:25
- 87 of 94
AGM in 2 weeks---trouble from investors on the other side if nothing comes out then to cheer us up!!
Bluelady
- 21 Sep 2007 16:07
- 88 of 94
Kivver, news from their website.
Re Suspension
19 September 2007
On 16 August 2007 trading in the Companys shares on AIM was suspended following an announcement that the Company was in discussions regarding certain of its funding lines. These discussions were necessitated as a result of one of the Companys funding banks (the First Bank) indicating that it intended to terminate agreements with the Company and CCH Europe GmbH (GmbH), CCHs principal subsidiary, following a review which revealed that some US$350 million of lending advanced by GmbH was not applied in short term receivables but in longer term investments. The First Bank demanded immediate repayment of funds (totalling approximately US$500 million) advanced under those agreements by the First Bank on its own behalf and on behalf of a second bank for which it was acting as agent (the Second Bank). In view of the threat of disruption and uncertainty caused to the Groups business by these developments, the Board decided to request suspension of trading in its shares.
Confidential negotiations to conclude an agreement with the banks for repayment of the funds over a three year period are at an advanced stage. On 19 August 2007 the Company and GmbH, amongst others, concluded an agreement with the First Bank. This agreement is conditional on a number of matters including arrangements being reached with the Second Bank, which arrangements remain subject to ongoing negotiations.
In connection with the above arrangements on 18 August 2007, in order to protect the Companys assets, CCH entered into an agreement to sell GmbH to Eren Nil, CCHs Chief Executive Officer and the sole director of GmbH, for US$1 with an option to re-purchase GmbH for US$1 at any time up to three years and six months from the date of the agreement. This agreement may be rescinded by CCH in the event that approval of the transaction by the shareholders of CCH is not obtained by 30 September.
The Company is not currently in a position to send a circular to shareholders convening a meeting to seek their consent to the disposal of GmbH to Eren Nil, a related party, as required by the AIM Rules.
The Company is not yet in a position to ascertain the full impact of recent events on its future prospects but it is unlikely that business activity in the short term will be sustained at levels previously reported.
A further announcement will be made as soon as possible.
Bluelady
- 21 Sep 2007 16:12
- 89 of 94
Moneyplus,
Found this with regards to the AGM
CCH International wishes to announce that the Group's AGM, which was scheduled
for the 19 September, was adjourned until further notice.