Gts Chemical Share Discussion Threads

[azalea] 25/6/2015 08:53

Excellent news -1.8p div in July. Report on Q2 eagerly awaited

[azalea] 04/6/2015 10:15

GTS 58-60p) 2014 Prelim results May( with a soon to be announced circa 1.8p maiden dividend) and its 2015 Q1 results have recently caught my eye.

The chemical and lubricant oil company operating in China, has according to Morningstar data, 96.5% of its cica 100m shares in issue, held by major holders. the largest 76.29% by SinoEuro Runtai, a company wholly owned by Mr Cheng Liu.

FY2014 reported a rise in Ptx profits from CNY76.5m to CNY102.4M, as revenues climbed from CNY482.9M to CNY704.6M.

"Outlook for our core business segments remain strong. Growth in speciality chemicals continues to be underpinned by our contract with Tralin Paper, which is continuing with its own expansion plans and by the expansion plans of other customer networks. We also expect the growth in lubricant oil sales to continue to rise as we increase our distribution network and brand recognition. We intend to continue to expand our production facilities, during 2015 we intend to commence construction of a lubricating oil production line on the newly require land, as well as expanding our speciality chemical facilities on the existing site".

Q1 2015
Revenues increased by 40% to CNY167M, driven higher by sales of its speciality chemicals and lubricating oils.
Speciality chemicals revenues increased by 37%, lubricating oils by 68% and Recarburizer revenues increased from CNY11.1M toCNY12.5M.

Construction of a new lubricating oils production line began in December.

S.P.Angel Corporate Finance: 2015 forecast Ptx £124.7.M Eps 10.6p Div1.9p

I have taken a modest holding.

[stegrego] 11/11/2006 13:38

This is supposed to float this week - not heard that much about it.
Could possibly go the same way as Renesola - although i think this is due to float with a 500m cap straight away.