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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| West China | LSE:WCC | London | Ordinary Share | JE00B1G5G525 | ORD 10P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
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|---|---|---|---|---|---|
| 0.00 | 0.00% | 695.00 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 695.00 | GBX |
West China (WCC) Share Charts1 Year West China Chart |
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1 Month West China Chart |
Intraday West China Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 05/3/2011 | 13:36 | West China Cement: Ideally Placed in China's Growth | 12,911 |
| 23/8/2010 | 13:02 | West China Cement. Ltd. | 68 |
| 28/1/2010 | 15:21 | question | - |
| 06/3/2009 | 13:25 | West China Cement: Cement never looked so good! | 2,944 |
| 10/5/2007 | 20:23 | http://www.westchinacement.com/newEbiz1/EbizPortalFG/portal/html/index.html | 3 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
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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 20/8/2010 11:36 by phonics Apologies if this has been covered before or if this is a stupid question but I was wondering if anyone has an idea how spread bets are likely to work once the market opens in HK on Sunday night/Monday morning.For example if the share price opens at HK$1.69, does that mean that the spread price would be listed at 169 ie 169 points available? Or does the 1.69 get converted back to sterling, approx 14p and the price get listed as 14 ie 14 points available? Or perhaps another option I'm missing? Also with the lotsize appearing to be 2000, does that suggest minimum bets will be £20/pt? |
Posted at 20/8/2010 10:23 by eddie1980 aim11 - all you have posted is 2 derogatory remarks at me rather than consider what was posted.Yes, I think it is odd that the reallocated so 50% went to retail investors. Why was there not sufficient demand from II at $1.69? That is a serious question. It doesn't affect my postion, I still hold, but you would think they would have had greater support. I certainly did, and I think it is wrong just to discount it. I also think it will increase volatily in the share price, as they do not have as large II backing holding a greater % of the shares. It also means that any movement in the share price on day 1 is likely to come from retail investor demand. I think that could cause the share price to be more erratic with investors chasing it up if it spikes, but then also trying to turn quick profits at certain levels causing dips. It certainly changes my view on whether to sell if it does spike on day 1, with the hope/expectation of buying back again if it settles to a more normal level. (i.e I would now, even tho I intend to keep my core holding long term) |
Posted at 20/8/2010 09:50 by tim00 In my view, institutions might be holding off bidding for shares until a market price settles. They then have the option (up to 23 September) of acquiring the 123 million additional shares at a discount, should the share price rise significantly. PIs don't have that option and have bid for shares at what they consider to be a very good price (notwithstanding the fact that not all 11 billion shares were bid for at $1.69).Edit, now seen that the institutions also heavily over-subscribed, suggesting the additional 123 million will be taken up in due course. |
Posted at 20/8/2010 09:31 by eddie1980 Why has no-one commented on fact that institutions did not take up their full allocation (I assume this to be the case, or rather would not at $1.69, as surely WCC would want a base of long term institutions backing them rather than small retail investors)I thought one of the company's aim was to attract a long term institutional following. Many on here kept commenting that they were sure the offer was so low to keep the institutions happy, and any further raising would be at a much higher multiple. that doesn't seem to be the case. Does anybody this is going to make the share price much more unstable as PI's jump in and out of the share on gains and dips? Again, for all the derogatory comments about the few that posted some comments during the process of lack of II demand, it seems institutions weren't that interested in WCC even at this level - do people have views on why this is? Could it be that management, if including all, together still retain over 50%? Should they have reduced their shareholding to below 50%? After all, Institution's in this placing took only 10% of the enlarged company, hardly a large amount, or a convincing following. |
Posted at 20/8/2010 08:12 by pro_s2009 LOL longsight, I think thats what they call trying to put some spin on it. I never said it, I merely copied over news reports that said it.My calls on delayed listing, raising money at listing, much lower price than was expected by the rampers on here etc.. were all correct and you lot were all wrong about it. :) So I take that as major wins and therefore total victory ! ;) LOL As we stand now, given my buys in WCC at just over 100p and when I sold them on the rise, and the rises in other stocks with that cash from selling WCC, WCC would have to open at 4 HK$ 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 19/8/2010 14:40 by the oak tree On a persoanl note, I'm finding this last week a bit sureal. Quite some time ago I sold all my holdings and bought into WCC. This means my "portfolio", as its suspended, hasn't moved and whats more is rated at zero! Life's not the same without a share price to look at :) ........(I know, broken a rule about eggs in one basket).IMHO I'm expecting a good rise next week and in Sept once H1 are out. Its a new chapter next week for WCC and we should just forgot about the damp old game of the aim market and get our mindset ready for the asian tiger! |
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 12/8/2010 09:15 by celeritas Brits don't understand Chinese stocks, says mainland CEOChinese companies delist from London's AIM saying their shares are undervalued by British investors. By Lillian Liu | 12 August 2010 Keywords: aim | london stock exchange | chinese stocks | hong | kong | ipo "The British don't understand China," Zhang Jimin, chairman and chief executive officer at West China Cement, has told reporters in Hong Kong. "Our shares have been severely undervalued," he said. The Shaanxi-based cement producer plans to delist from London's Alternative Investment Market (AIM) blaming British investors' ignorance on the value of the stock. Alternatively, it is looking to raise up to HK$1.39 billion ($179 million) through an initial public offering in Hong Kong where Chinese companies are popular bets for investors. The company plans to delist from the London's junior trading board on August 23 and start trading in Hong Kong the same day. It is going to be the second Chinese company to delist from AIM within three months. In June, China Biodiesel International, a Chinese renewable energy group, dropped its listing through a tender offer in which the company bought back the outstanding shares. The company, which develops biodiesel, described its share performance as "disappointing" and "a source of frustration" and said the development of the business and growth potential had not been adequately reflected in the value attributed by the market to the ordinary shares. Some London-based economists agree that investors in the UK don't appreciate how fast-growing China's economy actually is. "That is true, many people in Britain don't understand the scale and pace of China's growth, they haven't seen much of the country," said Gerard Lyons, chief economist at Standard Chartered Bank. Earlier this year, China Eastsea Business Software delisted from AIM citing similar reasons that the stock was valued poorly even when the company's profit growth was exceeding market expectations. Based on 2010 earnings, London-listed shares in West China Cement are trading at a price-to-earnings ratio of 6.7 times. By contrast, London-traded shares of CRH, the world's second-largest maker and distributor of building materials, are trading at a P/E of 16.4 times, according to data from Bloomberg. Hong Kong-listed Chinese cement producers are also trading at higher valuations. Anhui Conch Cement is trading at around 23 times and China Shanshui Cement 10.9 times. In its Hong Kong IPO, West China Cement is selling 823 million primary shares, or 20% of its enlarged share capital, at between HK$1.21 and HK$1.69 a share, which will allow the company to raise between HK$995.8 million and HK$1.39 billion. The share sale comes with a 15% greenshoe option so the deal size could extend to between HK$1.14 billion and HK$1.59 billion if the option is fully exercised. The offering price range was about a 1.5% to 29.5% discount to the company's closing price on the AIM on August 6. The IPO price will be fixed on August 13 and trading is scheduled for August 23. Deutsche Bank and ICBC International are handling the IPO. Proceeds raised from the sale will be used for capacity expansion, including the construction of new projects and for the repayment of loans. The cement company estimates its net profit for the first half will be at least Rmb307 million. In the first four months of this year, revenue soared 93% to Rmb675.3 million while net profit rose 69.9% to Rmb154.3 million ($22.7 million), it said in an IPO prospectus. Unlike British investors, Chinese brokerages see great potential in the cement group. West China Cement has clear earnings potential due to rapid fixed asset investment (FAI) growth. Backed by the mainland government's "Western Development Plan", Shaanxi enjoys stronger GDP and FAI growth than the national average, Shenyin & Wanguo Securities said in a report. "We believe the company's sales volumes will increase significantly, from 5.1 million tonnes in 2009 to 16.6 million in 2012 and [we] expect revenue to grow at 46%," it said in the same report. |
Posted at 11/8/2010 08:30 by eddie1980 Has anyone actually gonen back and read these threads for the last 3 months. I can bet the only people who a) were originally saying there would be fundraising, b) it was initially going to get pulled and then c) would be at a lower range than anyone claimed on here was likely to be would be Pro, and maybe one or two others. You can't argue with that, and any talk of filtering people just means people don't necessarily want to hear both sides. Some post very imformative information on the company, yet other 'good' posters go on to use to claim the share price will be this or that, and can be quite agressive when anythinng less is said about expectations or share price. Well sadly, time and time they have been proved wrong up to this point in time. yes, i'm sure WCC will have a very good future in HK, but one thing I have learned is never to believe all the hype on these boards, and that is helped by some posters having different views (and seeing others posters reactions to these.) |
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