Haike Chemical Share Discussion Threads

[dave4545] 15/3/2018 12:42

25258 ages to sell in the market 25-27p or accept 30p from company sells today
for just 10p to the mm's

madness

[the oak tree] 16/2/2018 09:28

Well said Galeforce. This feels like the exception.
Its a pity its leaving as mgt appear to be OK.

[galeforce1] 16/2/2018 09:09

It's great to see that HAIK is treating its shareholders so fairly here.

They have decided to de-list from AIM, which they can do on a 75% vote, but they are providing an exit facility at a fair price.

This is exactly what did NOT happen with Fusionex in May last year. That AIM-listed Malaysian tech company announced an intention to de-list but provided no exit facility. The ensuing stampede to sell at a 70% loss was deliberately provoked.

The AIM rules need to be modified so that companies are obliged to behave as HAIK has done here.

[the oak tree] 16/2/2018 08:34

Well done to those that held. Your risk paid off.

[dave4545] 16/2/2018 07:50

bye with 30p though which is very acceptable. Could ave easily stiffed shareholders
with no offer and then what would the price have done today.

[gb904150] 08/2/2018 11:30

I guess what's difficult is the conflict of interest.

The MBO team's interest is to pay as little as they can get away with.

In that case a low market cap / low share price suits them as a 'current market price' and they can just pay a premium to that.

BOD are exploring options....cancellation from AIM and continuing as a private company. In such circumstances, the Company would seek to arrange facilities for shareholders to exit their investment at a small premium to current market levels, although there can be no certainty such facilities can be arranged or at what level.

It's not great for the original investors who paid the IPO price of £0.80.

It's unlikely they will pay what it's worth - which would be a multiple of the earnings.

All they've create dis given uncertainty which investors don't like, that leads to a weak share price which is what we're seeing.

But yes, a small premium to today's share price might be something like 25p but the BOD won't have much interest in seeing the share price climb between now and whenever they make their move.

[the oak tree] 08/2/2018 11:05

Just remember they don't have to buy shareholders out. Upon delisting you then become a shareholder in an unlisted chinese company. You sell if you find a buyer and vice versa. Thats not somewhere you want to be!

IMHO

[galeforce1] 08/2/2018 10:19

Let's assume that HAIK's board has already decided to de-list from AIM, and they have already pretty much committed to buying out shareholders at 'a small premium to current market prices'.

What price do we think that small premium might be and what can the company afford?

Maybe a 50% premium to our current mid level, perhaps? So perhaps around 30p per share?

There are 38.3m shares. Let's assume they have to buy out 40%, that's about £5m. Can the company afford that? Barely. Cash on the balance sheet was £6.5m at end of June 17.

I think a level around 25p is more likely.

[dave4545] 17/1/2018 16:12

18.5-22p online spread

mm's decided early on today that was enough buying for one day so have killed
it right off.

[dave4545] 17/1/2018 08:51

Can buy but mm's want full 18p offer online

[dave4545] 16/1/2018 23:00

That is TNCI that also delisted and offered 20p a share to buy out a small % of shares they did not own when price was 3p, more than a fair deal at the time.

Haik has one massive 55% shareholder which is 22 employees of the company, 2 other far east investors hold 12% so that makes 67%, so 33% left, rough Hargreaves Hale hold 10%
which could be pi's but seems a lot for pi's for them so that leaves after that 23% which must be held by pi's maximum.

Guess it all depends on your risk factor but atm there is still a possible chance
of a 30p return so that should easily support the current price around 17p and if there is any more weakness others might fancy the gamble of double or nothing or double or a little bit back lol

[dave4545] 16/1/2018 19:54

Some big buys to match those that decided to move on including 100k bought at 18.25p

Bid was miles higher than quoted 16p, around 17.35p but with buyers paying close to 19.5p the mm's are still making plenty on the spread

[chick with 2 dicks] 16/1/2018 16:02

Poor sparky back to doing ATM with his daddy now.

[chick with 2 dicks] 16/1/2018 16:01

should be down to 2p actually

[chick with 2 dicks] 16/1/2018 16:01

should be down to 2p actually

[foxy22] 16/1/2018 15:10

I feel like a mug...been taken for a ride

[foxy22] 16/1/2018 15:09

This is bordering on the criminal....Wording of report etc

[chick with 2 dicks] 16/1/2018 12:24

should go to 1p

[chick with 2 dicks] 16/1/2018 12:23

Poor sparky

he will have to go back doing ATM with his daddy again.

[the oak tree] 16/1/2018 12:20

Mattjos, I agree you'd have to ask that question with any new Chinese companies coming to AIM.

But Haike first came to AIM many years back and I suppose there was a respectablity being on AIM back then. I actually thought they would transfer back to the HK market and HAIKE would get a rerating out from that. Sadly no!

Now AIM is no place for chinese shares as the ratings reflects how poor the investments have been in them. Hence why most will float on HK now.

Ah well live and learn........

For those that want to trade this, you may well be right, Im just not up for the risk.

[sphere25] 16/1/2018 12:19

Because the crooks know Brits are naive and can be easily milked.

Easy money for the crooks on AIM. Thankfully the bulk of them have now gone - helps the stupid stop losing their money....somewhat.