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HAIK Haike Chemical

38.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Haike Chemical LSE:HAIK London Ordinary Share KYG423181083 ORD USD0.002 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 38.00 1.00 75.00 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Haike Chemical Share Discussion Threads

Showing 11826 to 11846 of 12475 messages
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DateSubjectAuthorDiscuss
21/4/2012
08:40
zak - still at it!
What you say is not flawed, but the share structure, incl. employees, is such that other investors are a stabilising influence & they won't let the company go to the wall:-

"As at 1 February 2012, the number of AIM securities in issue is 38,353,571.
As at 1 February 2012 the percentage of AIM securities in issue that are not in public hands is 61%.
The Company's shares are solely admitted to trading on AIM.

Substantial Shareholdings

As at 1 February 2012, the Company's share registrar recorded the following shareholdings in excess of 3% of the ordinary share capital:

HITECH CHEMICAL INVESTMENT LIMITED 21,219,042 55.32%

HARGREAVE HALE 3,912,050 10.20%

MR JUNPING BAI 1,870,731 4.88%

MERCHANT SECURITIES 1,574,000 4.10%

CHARLES STANLEY 1,570,271 4.09%

The current issued share capital of BVI Co is held by an aggregate of 44 employees of the Group, including Mr. Yang and Mr. Zhang, directors of the Company.


Even Mr Jumping Bat has stayed on board the register...

napoleon 14th
20/4/2012
17:35
A highly leveraged business with a lot of short term debt, little equity, low interest cover and an inherently volatile cash flow has a high chance of going bust.

Any free cash flow they generate has to be used to try as hard as possible preserve shareholder value. Therefore it must be used to try and increase the chance that the current equity holders will actually continue to have any invested equity over the long-term. There is value to be gained from Haik because it has assets and EBITDA but the question is who will be entitled to it. At the current juncture it looks like,in my opinion, that eventually, shareholders will be entitled to nothing once the debt covenants are breached and/or the mountain of short-term debt is not rolled over. Then the debt holders would take the company (an equity raise would be unlikley and a firesale would probably not cure the problem)

If they pay a BIT back to equityholders via a dividend - yes, of course, it gives back a portion of value but what happens to the rest of shareholders value, being the majority, as a result?

Answer it should fall at least to ofset the payment but moreover by more than the dividend returned. The simple fact that when managment annouce earnings and a dividend people price in the accrued earnings and the payment. The only positive or negative surprise would be if capital is incrementally being allocated different to what they would expected.Any sensible long-term shareholder would expect that every sinew here would be used to try and make the capital structure - THAT IS WHAT IN TIME WILL PRESERVE SHAREHOLDER VALUE. The payment of a dividend clearly shows, in my opinion, that management are not taking every available step to strengthen the equity capital structure. The shares can of course react whichever way they want to annoucements but in time, when looking back, it will always be available the opportunity to discern what was the correct action to make.If the business goes on to survive and do well, then the dividend wouldnt have seemed bad. However, at this point, we do not know what the future will hold nor do they so they have to make rational decisions given the present circumstances. The rational action, in this instance, would certainly be to reduce short term debt obligations.

Your keeness to refer to making shareholder employees happy fits my last sentance above. Clearly, if there shareholding went to nothing thereafter they would not be happy with the token dividend. If the payment of the token dividend materially increased the chances of their shareholding going to nothing, they rationally should not be happy either.

Any analysts looking at this would conclude that paying a dividend right now is bad news for long-term shareholders. As an aside, you have obviously witnessed the recent trajectory in the share price and my ramblings have been going for several months now while you have been salvating over the low PE and the dividend yield...

zaksab
19/4/2012
08:34
Zak

Now you know you are telling porkies, when you say it destroys value, what you mean is it returns value to the shareholders.

Would your valuation or opinion of the company have changed if they had repaid $5 million debt. I don't think so.

Would the shareholder (employees) be happy if there was no dividend this year? I think they would be very unhappy.

I'd rather have 2000 happy workers and 1 unhappy zak, than the other way round. Really you'd still be unhappy, admit it!

Now where are those accounts. I don't suppose March is a month in the Chinese calendar!

vatking
13/4/2012
12:56
what happened to the results that were to be out in March
doodle1
13/4/2012
11:54
Long time I expect, problem is lack of liquidity, so not a share for investment managers.

Share will pop, whatever the full year results, as there is bound to be something good in there. New facilities etc. income growth?

vatking
04/4/2012
16:17
How long before someone pipes up about the attractiveness of the PE and the dividend yield?....
zaksab
25/3/2012
10:06
Maybe strong downward pressure on crude prices.
napoleon 14th
23/3/2012
14:46
nice to see you have something more sensible than this company vatking (imho).
zaksab
23/3/2012
14:13
Don't think so, I took a fairly big bite of Apple, and the doctors say that keeps you healthy, and a dividend as well!
vatking
23/3/2012
11:43
vatking, have you filed for bankruptcy yet?
zaksab
23/3/2012
11:17
Not taking any notice anyway.
Under a cloud regarding China's general economic picture,
much talked about slowdown which, imo, won't last very long.

napoleon 14th
20/3/2012
13:53
I even said it twice! So there.....
napoleon 14th
20/3/2012
13:53
Well, watcha waitin' for, HAIK? :-

"The price of oil slid this morning in London as a result, with Brent crude trading down as much as 1pc at $124.40. Oil prices have climbed to $127 a barrel this year, just $20 short of their all-time high, as tighter Western sanctions on Iran threaten to choke off the country's exports.

Prices also took a hit this morning after China increased retail fuel prices for the second time in two months, increasing concern that demand in the country - the world's second-largest oil consumer after the US - will decline."

Cheaper input prices, higher output prices.....what more can you ask for?
Nope - up half a %, down half a % just as quick - in half an hour. Stuck on 41p.
What a killjoy.....

napoleon 14th
28/2/2012
20:46
Computer sez naaaaaaaaaaaaaaaaaaaaaaah!
sir rational
28/2/2012
20:40
0p imho vatping.
zaksab
28/2/2012
08:07
zakzab thinks a pop means 10p - am I right?
vatking
27/2/2012
21:09
I see - you mean 100p
sir rational
27/2/2012
21:00
Must be due another pop up to 80p
sir rational
07/2/2012
10:20
Fuel prices rises announced in China today. Should help Haik. I think oil barring any huge Iran related noise should temper as the year progresses. Demand in US and Europe is falling and Chinese growth is slowing down. That should help allow the Chinese to introduce a better pricing mechanism which should lead to better margins for Haik.
horndean eagle
29/1/2012
15:25
OP - you're right about the knockers...
napoleon 14th
27/1/2012
23:07
Sir R

Whats going to happen in 2 weeks other than a possible small drift in the share price

Results are reportedly due within 2 months. Extraordinarily early. Companies with bad news to report always delay accounts not bring them forward.

Director buys after year end without a need for phony support look OK to me.

My money's on a fair set of accounts and a dividend of sorts.

This is a long term play on China deregulating. Plenty to play for yet.

HAIKE is easy to knock - if it goes up whoa watch out its all hype, if it goes down whoa watch out its going bust.

old portmuthian
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