Updates

West China Cement - Shares head over Â£6 after barnstorming results

April 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 an excellent set of results for 2009, together with a date for the Hong Kong listing - and confirmation there is to be no associated fundraising. Excellent. Having fired up the Ankang plant (its third plant) during the year and consolidated production from the Xiushan plant (bought in January), overall output amounted to 5.08m tonnes, an increase of 47% year-on-year. But with average selling prices also up by 14% during the year, sales jumped by 75% to RMB1,517m. Efficiency gains and stable input prices, however, culminated in pretax profits increasing by 111% to RMB544m. Earnings were RMB5.07 or 49.7p (based on Â£/RMB =10.2). Of the two new plants in Hanzhong (2x1.1m tonnes), one should kick in this mont ...

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Scott Wilson

Statpro

West China Cement (February 2011)

West China Cement - Take a part profit. Gain to date: 617% (January 2011)

West China Cement - Heavily over-subscribed HK placing (September 2010)

West China Cement - To list on HKSE on 10 August (August 2010)

West China Cement (June 2010)

West China Cement (May 2010)

West China Cement - Shares break over Â£5 (March 2010)

West China Cement - PMHL's sale highlights undervaluation (December 2009)

West China Cement - Reveals plans to list in London or Hong Kong (September 2009)

West China Cement - Bigger rivalâ€™s IPO oversubscribed (Prospective PE of 13 versus 3.9 for WCC) (August 2009)

West China Cement - Explosive organic growth (May 2009)

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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