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.

Up 15p (12.5%) today so far. Hopefully in anticipation of good things to come tomorrow.

LONDON (AFX) - HaiKe Chemical Group Ltd posted a higher pretax profit in 2006 with significant growth in its petrochemical and speciality chemical divisions adding it was confident of further growth in revenues and profitability in 2007.
The China-based chemicals firm said trading in the first two months of the new financial year is in line with its expectations and that it foresees a continued strong growth in demand for its products.

In its first set of results after its AIM listing in February, the company said the new financial year has started well with its petrochemical and speciality chemical business showing improved like-for-like performance against last year.

Pretax profit rose 56 pct in the year to end-December, mainly on improvement in the profit margin for the speciality chemical products and strong revenue growth, to 12.042 mln usd on a 27 pct growth in revenues to 254.7 mln usd.

'We are confident that we will continue to deliver further growth and value to our shareholders,' chairman Yang Xiaohong said.