Updates

West China Cement - Issues Hong Kong prospectus

September 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.

The shares roared back to hit a high of 720p on 5 August following the publication of its prospectus for the Hong Kong listing. This contained a trading update for the four months to 30 April, which showed revenue, operating profit and net profit of RMB675m, RMB242.5m and RMB 154.3m respectively, representing year-on-year growth of 93%, 76% and 70%. The company has also issued a profit estimate for the half-year to 30 June of not less than RMB 307m (Â£24.8m). Since then West China has appointed ICBC and Deutsche Bank as joint bookrunners and sponsors and released further details regarding its Hong Kong listing. The salient points are that it is issuing 823m new shares (equivalent to 20% of the enlarged share capital), plus a ...

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West China Cement (March 2011)

West China Cement - Making big gains in Hong Kong (October 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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