Updates

West China Cement - Making big gains in Hong Kong

October 2010

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

As expected, shares in West China soared immediately after listing in Hong Kong, hitting a new high of HK$2.37, which after adjusting for the 50:1 share split and exchange rate, equates to 987p. With demand being strong the listing raised a slightly higher than expected HK$1,280 (Â£107m) through issuing 823.1m new shares. The strong share price performance also reflects the release of a superlative set of interim results, which showed turnover increasing 110% to RMB1.2bn and profits rising 159% to almost RMB363m, well ahead of the 307m forecast in its prospectus. Earnings rose 175% to RMB 11 cents, while the balance sheet also strengthened with gearing falling from 44.9% to 36.2%. A main wr ...

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Informa

Kentz - Strong pipeline of order prospects

West China Cement (March 2011)

West China Cement - Issues Hong Kong prospectus (September 2010)

West China Cement (July 2010)

West China Cement (May 2010)

West China Cement (April 2010)

West China Cement - Hong Kong listing should trigger massive re-rating (March 2010)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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