Updates

West China Cement - Take a part profit. Gain to date: 617%

January 2011

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.

Just before the new year, West China made another acquisition, further strengthening its market position in Ankang in southern Shaanxi. The purchase, which had been outlined in its HK prospectus last August, shows that WCC has effectively paid RMB378m for an 80% interest in the Jianghua plant, which also has debt of RMB298m. The plant, which has an annual capacity of 1.1m tonnes, comes with sufficient limestone reserves to support its operations for many years. 2010 worked out very well for our (several) WCC recommendations. The gain now stands at 617% since we first tipped the shares at the equivalent of 3.64p in May '09. Take a chunk of those profits if y ...

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Tarsus - 2011, an â€œon yearâ€ for biennial events

West China Cement (February 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 head over Â£6 after barnstorming results (April 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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