China Wonder Share Discussion Threads

[powwow] 29/1/2009 17:12

Hi guys why would this go to 10P apart, any substantial reason?

[eggbird] 29/1/2009 14:15

I think 7p is pretty much a dead cert here. That's where it was happily sitting before the 800k sell. We must be close to covering that now, and as soon as we have it should be back to 7p. After that for everyone who wants to wait for the trading update, results, any press tips, acquisition announcements, RNS's etc, then that's where the real profits will be rolling in, for the patient holders.
Just wish I had some spare cash with to add at these levels. 8-(

[biffus2] 29/1/2009 14:00

Might have 10k if the buy drops to 3.5p, pay day tomorrow ;)

[induna123] 29/1/2009 13:54

p/e of 2 is very low Biffus, normal market conditions p/e is usally 10/20.

10p would put the p/e at 4 which is still very low (i.e. safe)

The rating fails to discount the fact that China Wonder is profitable, has net cash, has already delivered strong earnings growth and that this growth should accelerate over the next 24 months.

[biffus2] 29/1/2009 13:54

Might buy another 5k tomorrow then

[themoneymonster2] 29/1/2009 13:52

10p is the first target and we are due a trading update soon i think. It's only the sell that pushed these down and this will recover to 7p very soon but you should hang out for 10p in my opinion!
That would still only be a p/e of 4 and you have cash and a divi to take away from that!

[eggbird] 29/1/2009 13:48

Got to agree with you there moneymonster. If the 800000k sell from last week hadnt happened, we would esilly be at 10p now.......if not higher.
The first traded these at 75p a good few years ago, if things are still going well behind the scenes, and with such a short supply of shares about, this can easilly double, triple in a few days.

[biffus2] 29/1/2009 13:44

Yeah i see that to sell its only 3.00p and to buy 4.50p thats way out usually .25 or at worst .5 but 1.5p thats crazy, do you think these will go as high as 10p then moneymonster?

[themoneymonster2] 29/1/2009 13:41

Still have to pay 4.5p for any decent amount. MM's just trying to scare a few in to selling. Don't do it. These are trading on a historic p/e of 2 and a current p/e of under 2 and has cash equal to half of this sp! Nil brainer, all the way back to 10p i think!

[themoneymonster2] 29/1/2009 13:38

5-6p finish today?

[biffus2] 29/1/2009 13:26

dropping again

[themoneymonster2] 29/1/2009 13:11

And over 80% buys!! Over 2% of company bought!

[biffus2] 29/1/2009 13:06

499523 shares traded today

[jq3] 29/1/2009 13:06

The 800,000 sale @1.5p should be sold on by now, and hopefully we'll see the share price dictated by supply and demand.

[biffus2] 29/1/2009 13:04

ooh must of been a big sell dropped to 3.72p

[biffus2] 29/1/2009 13:00

Going up nicely now @ 4.40p

[induna123] 29/1/2009 12:51

spurberry, look at the last paragraph of the sharecrazy tip

On the back of a forecast increase in sales in 2008 from £2.34 million to £3 million we expect pre-tax profits to increase from £0.31 million to £0.57 million. Although the tax charge may increase, at current exchange rates (13 RMB / GBP) we still expect earnings per share to increase from 1.65p to 2.5p and on that basis we would expect China Wonder to propose a maiden final dividend of 0.25p. The shares currently trade on a multiple of just 5 times 2008 forecast earnings. In our view this over-discounts the perceived risks of investing in Chinese AIM listed companies, and is likely related to the fact that microcaps are unloved and long memories of some of China Wonder's past problems. The rating fails to discount the fact that China Wonder is profitable, has net cash, has already delivered strong earnings growth and that this growth should accelerate over the next 24 months. Of course it is impossible to compare a microcap based in China to more established UK enterprises, but it is worth noting that the Industrial Engineering sector of the LSE / AIM markets, in which China Wonder is classified, trades on a 2008 PE of more than 30 and on a PEG of 3. China Wonder trades on a PEG of 0.09 and is currently valued on an enterprise value of less than current year forecast sales.

We are initiating our coverage of China Wonder at a target price 10 times current year forecast earnings – that is to say of 25p. At 12.5p our stance is buy.

[induna123] 29/1/2009 12:37

OK i'm in. I don't know about 25p but 8-10p could be achievable.

[spurberry] 29/1/2009 12:17

guys why would this go to 25p? it's a pump and dump.

Would need amazing news top get to that price

[eggbird] 29/1/2009 12:02

pelleeds1980 - 29 Jan'09 - 10:42 - 1368 of 1370


I couldnt resist getting in today too....come on do a PLG!!!

Lets hope so pelleeds, maybe a few of the those who have enjoyed the PLG ride may like the look of this for another 10 bagger in under a week!!!

[eggbird] 29/1/2009 12:00

looks very good. just added another 19k

[goldcrest] 29/1/2009 11:51

Love the pic halfway down the sharecrazy article of the sachet packing machine! Chap looking in it aimlessly with the products strewn over the floor - lol! - Hopefully not a sign of things to come!!

[pelleeds1980] 29/1/2009 10:42

I couldnt resist getting in today too....come on do a PLG!!!

[themoneymonster2] 29/1/2009 10:36

HerE's the original tip!