Ft Cesg Discussion Threads

[pec2004] 05/2/2008 18:58

I started buying these this morning, will look to accumulate over the next few weeks.

[bubsy2] 05/2/2008 15:34

this is seriously undervalued to its peers

[0rb1t] 05/2/2008 11:53

Quote from another thread but it shows that the petrolchemical industry (China Eastsea's market-leading area of expertise) in China will be expanding due to overseas ventures as well as domestically. This should result in additional infrastructure and related IT projects long-term:

explorer88 - 4 Feb'08 - 14:50 - 6747 of 6767

Lewis / JT / anyone

i agree that China will continue to make significant investments in oil

which oil companies do you think China will try to acquire or build stakes in?

Soco is one:-



Soco International PLC
02 February 2008

SOCO International plc ('SOCO' or the 'Company') today announces that it has
entered into a conditional sale and purchase agreement (the 'Agreement') for the sale of its wholly owned subsidiary SOCO Yemen Pty Limited (Australia) ('SOCO Yemen'), the entity that holds the Company's interest in the East Shabwa
Development Area in Yemen, to Sinochem Petroleum Limited ('Sinochem') for an
enterprise value of US$465 million, subject to certain financial adjustments
(the 'Disposal'). The consideration for the Disposal is payable in cash on
completion.

[0rb1t] 05/2/2008 08:11

A good indication of the company's intention to increase its profile is by the amount of news flow. Check out current news from (also in the header):



They included 9 references to the AIM move and the Daily Express article twice! At least too much information is better than none at all.

[0rb1t] 03/2/2008 21:45

Hi krishall, never seen the point of buying shares in an investment trust when you can buy the shares yourself and not have the management overheads.

Did you see the recent open offer by LDC of their PLUS stocks? They were all offered at a 30% discount to the market price except for China Eastsea where they only gave a 1.5p discount.

Have held Hallin Marine since they floated on AIM. Pick and shovels type play on the oil industry.

[krishall] 03/2/2008 21:08

0rb1t .... I see you have taken over the batten from "painting" as regards setting up LDC related threads and then continuing the glowing promotion of them.
You do seem to know your Far East companies such as Hallin Marine Pte Ltd.
It is a pity that "painting" did not latch on to Hallin as it seems to have gone up over the past year.

[0rb1t] 03/2/2008 19:24

Just got back from skiing so missed all the events of last week!

I see the AIM Admission document is now available online:


The Admin doc included reference to a new project with CNOOC:
"The Company has started to undertake system analysis for the South China Sea Refinery Project located in Huizhou at CNOOC's invitation. It will try to utilise the successful business model and advanced technology developed in its work for Sinopec ZRCC for the purposes of the new system.". CNOOC is the 3rd largest national oil company in China and could be a potential lead for another major project.

I also found a presentation made by London Asia that gives a good overview:



The financial year end is at the end of this month (28th Feb). Prelims should be annouced around the 30th April. The admission document included a trading update covering this period stating that progress was to management expectations. The last estimates I believe is for £17.5m turnover with EPS of 6.6p. If this is met that means the company has achieved another 100% growth (following 62% and 102% in the last 2 years) and the company will be on a historic PE of less than 5! If you take into account the cash and trade receivables then the PE drops to 2.3! Not bad for a company growing very quickly in an industry that is also expanding.

[krishall] 03/2/2008 15:17

It seems that what goes up quickly also comes down quickly. But suppose this might be the end of the fallback. But let us hope it does stay within its core business and does not diversify in to the commodity growth sector.

[hectorp] 02/2/2008 13:44

If I had the funds I'd be a buyer too.
H.

[masurenguy] 31/1/2008 17:56

Looks like some traders taking profits !

[bubsy2] 31/1/2008 17:41

starting to look cheap if the growth continues at the said rate anyway bpo mkt in china is very hot at the mo dyor .... im in 4 some more

[masurenguy] 29/1/2008 20:51

What goes up............!

[hectorp] 29/1/2008 19:42

I have sold, as I am short of funds, and for no other reason.
However good luck all.

[greek islander] 28/1/2008 09:25

Yes Dorset, though an opportunity is an opportunity one has to make objective judgements and prioritise the best deals if one is long.
I agree with Arthurly, in my estimation GNG is the better stock by a long way having a more proven track record and a greater product plus a far wider marketplace. CESG looks a possible buy as it settles down to a definitive share price (this can take weeks if not months) following its listing here on AIM but head on with GNG it is no contest in my opinion also.
The only reason I see for buying this stock is to trade, as any recent issue will always be unpredictable.
Sorry hope this goes all the way and proves us both wrong.
Edit - GNG at the moment looks a fantastic buy on so many levels though in the current economic mood it could yet go lower I have no pretensions on that score. However if you buy it and put it away and leave it a couple of years, you will not go far wrong.

[arthurly] 28/1/2008 08:49

Dorset I'm not a trader.

[dorset64] 28/1/2008 08:46

Arthur, you have spread your wisdom of which you are entitled to but, in your wisdom, you say you passed up the chance at 24p, it is now 40p, where is the wisdom in that? You could have traded this one and made a packet but I guess wisdom is second knowledge to some.

Dorset

[arthurly] 28/1/2008 08:41

Followed this for several months on Plus markets. Could see that at around 24p it appeared quite a lot cheaper than GNG though GNG has many advantages re quality and spread of its customers and products, apparent quality of westernised management etc.

At the present price it does not appear to be a bargain compared to GNG imho, and in any case difficult to buy any quantity without pushing the price up further. I'll pass on this one.

[dibbs] 28/1/2008 08:37

Amazing how much an AIM listing has added to the Mkt cap of the Company. Recently many have said that Plus was gaining more credibility than AIM. It seems here that is clearly not the case or am I missing something?

Dibbs

[andrbea] 28/1/2008 08:22

tightly held, directors locked in for 7 to 12 months, with little free float in London
No wonder it's going up (supply & demand)

.. bit like the early days of Renesola.

nia dyor

[bubsy2] 28/1/2008 08:20

IM IN AS WELL HAD TO PHONE BROKER VERY DIFFCULT TO GET HOLD OF

[dorset64] 28/1/2008 08:18

Thought I'd join in this morning but struggled to buy any quantity so, in the end, had to settle for multiples of smaller amounts.

Lets see where we go today as my prices were at the top end, so looking good.

Dorset

[dorset64] 26/1/2008 12:10

Cheers Ke, if thats the case then why has it not been seen amonget the trades. Is it held over? for Monday, but as I understand it that cannot be done, or anything else. Did you get confirmation as I am now puzzled.

I note from the above figures that they spent circa £1.5m from their cash reserve of the year before (06), was this spent only on the AIM inclusion, as this seems high or anyone know what else it was afforded to, as I cannot at the moment find this.

Dorset

[kenatbabken] 26/1/2008 08:20

Dorset

The Plus listing has been cancelled,I dealt on the phone as I could,nt buy
more than 3000 online.I,d been watching since it joined AIM the other day and
took the plunge as the growth seems excellent.

[dorset64] 25/1/2008 22:18

Thanks Jane for that, sorry to ask but when are their interims/results next due and do they release regular updates?

I will look further over the w/e but it may be that I join in on Monday.

Dorset

[janeann] 25/1/2008 21:40

plenty more to come - imho


On year on year basis, Revenue up 61.8% to GBP3.9 million (2006: GBP2.4
million)
- Profit after tax up 321.5% to GBP0.8million (2006: GBP0.2 million)
- Net assets increase to GBP10.3 million (28 Feb 07: GBP9.3 million)
- Cash at bank of GBP3.6 million (28 Feb 07: GBP4.3 million)