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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| West China | WCC | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
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|---|---|---|---|---|
| 0.00 | 0.00% | 695.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 695.00 |
| Top Posts |
|---|
Posted at 03/3/2011 21:19 by welsheagle WEST CHINA CEMENT LIMITED 中國# (Incorporated in Jersey with limited liability with registered number 94796) (Stock Code: 2233) 2010 Annual Results Announcement Financial highlights: Revenue increased by approximately 95.2% from approximately RMB1,516.8 million for the year ended December 31, 2009 to approximately RMB2,960.8 million for the year ended December 31, 2010, as a result of the Group's robust expansion which in turn resulted in an increase in sales volume. Gross profit increased by approximately 86.7% from approximately RMB638.7 million for the year ended December 31, 2009 to approximately RMB1,192.4 million for the year ended December 31, 2010. Gross profit margin for the reporting period was approximately 40.3% (2009: approximately 42.1%). Basic earnings per share, after being adjusted for the exceptional charge of losses on warrant redemption of RMB168.5 million for the year ended December 31, 2009 and shares delisting and listing expenses of RMB 65.7 million for the year ended December 31, 2010, increased by approximately 80.0% from RMB0.155 per share to RMB0.273 per share, reflecting strong revenue and profit growth. Gearing, measured as net debt to equity, improved significantly from approximately 99.1% as at December 31, 2009 to approximately 23.0% as at December 31, 2010, mainly attributable to the increase in equity by approximately RMB2,278.8 million to approximately RMB3,574.0 million as a result of the initial public offering of the Company in Hong Kong in August 2010, an increase in earning and the repayment of borrowings during the year ended December 31, 2010. Proposed declaration of final dividend of RMB1.53 cents per ordinary share for the year ended December 31, 2010. -------------------- |
Posted at 23/8/2010 11:10 by polythene I'm sure it has been discussed, but has anyone found how to include WCC in their monitor. Have found all stocks with 'cement' in name on hong kong exchange, WCC not there. Yet? There was a HK stock number given in one of the company announcements recently, but I can't find it.WCC now off my LSE monitor, so can only access this BB from free BB tab. Will we be able to continue here? |
Posted at 20/8/2010 08:12 by pro_s2009 LOL longsight, I think thats what they call trying to put some spin on it. I never said it, I merely copied over news reports that said it.My calls on delayed listing, raising money at listing, much lower price than was expected by the rampers on here etc.. were all correct and you lot were all wrong about it. :) So I take that as major wins and therefore total victory ! ;) LOL As we stand now, given my buys in WCC at just over 100p and when I sold them on the rise, and the rises in other stocks with that cash from selling WCC, WCC would have to open at 4 HK$ on Monday in order to make me more money by continuing holding them, as opposed to selling when I did and making on other stocks. That, as they say, is the reality - for all the time WCC has been swaying up and down between 400p and 700p many other stocks have been zooming upwards with very large gains, far in excess of the swings in WCC from 4 to 7. |
Posted at 14/8/2010 13:32 by mattjos Nurdin .. ditto your intent.WCC Now being reported as moving the No.1 spot in Shaanxi region ..... personally convinced his ambitions are not solely limited to Shaanxi & there is a first move coming to a neighbouring region "With several expansions on the way, predictions hail West China Cement Limited (WCC) to be the largest cement maker in the province of Shaanxi by the end of the year. According to a report by China Daily, the company revealed on Monday that it will resume upgrading its production capacity in the coming years. The report added that such expansion will be accomplished with the aid of finances from an initial public offering (IPO) from Hong Kong. Chairman Zhang Jimin said that amounts to be acquired from the IPO will mostly be used for recently acquired sites. With a yearly production capacity that amounts to 9.6 million tons, WCC, which is currently handling eight cement production lines, is the second largest maker of cement in Shaanxi. Two additional lines are currently being constructed. If completed, the facilities are set to add a capacity of 2.2 million tons. Reports state that the company's yearly production capacity has increased exponentially within five years as it rose from the past 1.4 million tons. Production capacity has risen to 10 million tons. According to the report, WCC aims to go up to about HK$1.39 billion through selling an estimate of 823 million shares each priced from HK$1.21 to HK$1.69 each. Commencement of the selling should begin come August 23 as the company is de-listed from London Stock Exchange's Alternative Investment Market." It's all good stuff in the press of late & helps with the IPO but, let's be honest, nothing that the long term holders here didn't already know. Main thing is the story & the company are getting much wider recognition beyond just an ADVFN BB :-) |
Posted at 13/8/2010 22:23 by liarspoker Well I think that the notes are wrong in their use of multiple. WCC seems to be a company with far higher growth rates and internal returns etc then the more established companies. I don't buy the fact that because WCC is much smaller in size that it should trade at a lower p/e compared to the bigger companies. I'd say a multiple of 13 or 14 would be correct and even higher in a strong market ( although the market does look stronger now than I had anticipated ( which is great for the float )).Anyhow for the long termers lets say that they do RMB .38 in 2013 ( when some of us are just running a few profits ;o) putting that on a multiple of 14 we'd get a price, in todays terms, of just over 2511p ( of course with production forecast to increase by around 50% in that year earnings could grow by more than the 20%, that I have used in my example, in the same year. Even though WCC represents about 40% of my portfolio I am kicking myself a little for not buying more. :O) |
Posted at 09/8/2010 10:01 by eddie1980 Short term borrowings may be the norm, but as I said WCC indicate the high level of their debt and short term borrowings. The bigger WCC debts levels get in search for growth, the greater the risk in the event of another downturn. It is not quite as generous as u suggest as WCC have given their equity interests in some subsidiaries as security in their ICBC loan - so large net current liabilities, and equity interests provided as security on other loans -if they were in need of more cash, I would say there could be some problems, thats all - better to get it all sorted now, but as also said,it is more balanced between the company and investors than many gave credit to on here. (Before any serial rampers start laying in to me, some other statements from the document) The directors are of the opinion that taking into account ..... we may still record a net current liability position, after the .... in view of the planned capital expenditure but the working capital available to us is suffient for our present requirements and for at least the next 12 months from the date of the document. So if the gaps are the fundraising amount, would is the position without it? Probably contining with ever increasing short term borrowings. I would say that this is not sustainable. Other statements (under risks): our significant level of indebtedness and our net current liabilities position expose us to liquidity risks Our business depends on our ability to manage our working capital successfully. For a balanced viewpoint, this is a common issue for growing businesses in that in order to grow they need additional investment otherwise they can sometime run out of cash despite being a 'profitable' (from accounting viewpoint) business, before being sufficiently cashflow positive. The need for cash on the IPO to continue their expansion though is clear. |
Posted at 09/8/2010 09:24 by eddie1980 I wonder if the level of debt within WCC is part of the reason for the IPO range being lower than anticipated. It seems that WCC are in need of the fund raising as much as it says it doing it to increase liquidity in its shares. Maybe this has given institutions a better bargaining position. As quite a geared play, and even tho confidence seems to be returning domestically in China (or at least to their financial markets), any global knock may start derailing the economy. The document itself highlights the risk regarding its high use of short term borrowings to fund working capital and expansion. Classic stuff of companies over stretching themselves. I am not saying that WCC are in trouble, just it seems that they need the investment as much as they want institutions to buy into their growth story. |
Posted at 06/8/2010 17:27 by mattjos news is out:West China Cement Proposed dates of De-listing from AIM and HKEx Listing and suspension of trading on AIM 6August 2010 West China Cement ("WCC" or "the Company"), a leading Cement producer in Shaanxi Province, China wishes to announce the proposed date of de-listing of the Company's ordinary shares from trading on the AIM Market of the London Stock Exchange (the "De-Listing"), the date of the listing of the Company's shares on the Hong Kong Stock Exchange ("HKEx") and that trading in the Company's shares will be suspended from trading on the London Stock Exchange at 7am on 11 August 2010. Suspension From Trading In reference to the Company's announcement of 26 July 2010, given the highlighted settlement issues occurring as a result of the HKEx practice for shares to be delivered in materialised form, these shares will no longer be able to settle electronically as is required by Rule 36 of the AIM Rules for Companies. As a result, trading in the Company's shares will be suspended from trading on the London Stock Exchange as at 7am on 11 August 2010. As a consequence no trading will be possible between this date and the commencement of trading of the Company's shares on the HKEx. Revised Record Date As a result of the amended timetable, the Record Date will now be 4:30pm (UK) on 13 August 2010 ("the Revised Record Date"). This allows for all trades up until 4:30pm on 10 August 2010 to be settled prior to Revised Record Date. The HKEx tradable share certificates registered on WCC's Hong Kong share register will be sent out to shareholders to their address as set out on WCC's Jersey share register as at the Revised Record Date and the new Hong Kong share certificates will be dispatched to such registered shareholders on the day before trading commences on the HKEx. De-Listing from AIM and Listing on the HKEx At the Extraordinary General Meeting of the Company held on 20 July 2010, shareholders approved the resolutions, amongst others, to renew the authority granted by the shareholders for the De-listing. The timing of the De-Listing is contingent upon the timing of the HKEx Listing. The De-Listing is expected to take place at 7.00am on 23August 2010 and that the first trading day on the HKEx will be on the same day. The HKEx Listing and the De-listing are subject to, inter alia, the HKEx granting formal listing approval. Publication of updated WPIP The Company would also like to announce that it is posting an updated version of the web proof information pack ("WPIP") on the website of the HKEx on 9 August 2010, and this will be available following its publication at www.hkexnews.hk/repo www.westchinacement. |
Posted at 05/8/2010 10:20 by miti 1000 Despite the sells we are so close to news now, that's it hard not to add. I find it impossible to believe that HK won't value wcc way higher than here.TCC paid a huge premium for prosperity's cement assets and wcc has been paying 9 times to make acquisitions.On that basis, what does that make wcc worth ? I'd wager it will be in excess of 10 quid once it floats. The institutional placing will be heavily oversubscribed. With scarcity of stock in HK, we could get a huge squeeze once we list. For me , its a once a blue moon chance, to buy such a quality company in huge size on a ridiculous valuation.Doubt it will happen again so its madness to sell now and not see how it unfolds however tempting it is to take profits!! IMO |
Posted at 03/8/2010 18:32 by longsight Eddie - you might be right but the reference to RMB2.34bn gives a share price of £13 on the basis of 25% more shares being issued.However it turns out, I'm struggling to see how WCC might be priced at a big discount to its peer group. WCC is growing fast, has top notch management, is not overly geared [especially if they raise so much equity capital], has best practice facilities & benefits from its strategic location in NW China with the big growth in infrastructure. Arguably, WCC's share price shd trade at a premium to its sector. So unless Zhang is running a charitable institution, I can not see the IPO shares not being issued at a price higher than the AIM price. |
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