Updates

Haike

July 2009

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.

Haike continues to look very attractive on a prospective PE of 1.5. But there are some inexplicable shenigans at times, for instance, last month the finance director sold some shares just ahead of stepping down before buying them back again a day later.The company had just reported its results for the year to 31 December with revenues up 76% to US$631m although unprecedented volatility in the oil price was largely behind a hair raising loss of US$29.7m. Some of this had to do with the early part of the year and you might recall oil peaked at US$147 a barrel in July resulting in the refining operation becoming lossmaking and Haike mothballing the operation. In H2, however, with oil down towards US$80, Haike committed to a large fee ...

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Glisten

Haike (August 2009)

Haike (May 2009)

Haike (December 2008)

Haike (September 2008)

Haike (August 2008)

Haike (July 2008)

Haike (May 2008)

Haike (January 2008)

Haike - NDRC raise local oil product prices (December 2007)

Haike Chemical Group - Earnings forecast of 30.2p for next year (October 2007)

Haike (August 2007)

Haike Chemical - Q1 results (June 2007)

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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