Haike Chemical Share Discussion Threads

[badmashy] 24/1/2017 08:20

Here we go again

[falia] 24/1/2017 08:10

paying 10% over lol

[phil1969] 24/1/2017 08:09

MMs will take 100,000 without going NT at full Bid.

[tradermick1] 24/1/2017 08:09

Shake. You cannot get a quote to buy on this drop.

They have sliced 9p off the bid on a couple of £k's worth of sales, now they let
you sell of course but not buy

[badmashy] 24/1/2017 08:06

Wow I guess people thought it will go to 50p+ what happen classical example of pump and dump

[falia] 24/1/2017 08:05

here we go up again

[falia] 24/1/2017 07:51

50P + TODAY

[phil1969] 23/1/2017 21:18

Check out the chart for chart in Nov 2011 when an upbeat trading statement was released and announcement of a new CFO.
The statement was a lot more vague than todays detailed release but the share price shot up from 12p to 50p on the day then over the next few weeks topped out at over 70p.

Back in 2007 HAIK traded as high as £2 per share. Higher turnover but more debt and lower profitability than we have today.

Perhaps 45-50p is a conservative estimate for the re-rate!!

[tradermick1] 23/1/2017 21:04

tevita/singer8

MRS made £3.11 mil profits with their existing business and are suspended with a market cap of around 10 million. The loss announced is due to big write off's from a now defunct business.

Just for reference Haik today finished with a 13.33 mil cap after announcing profits
will soar to over £2 million.

And people think MRS will tank on relisting, if it does it will rapidly recover lost
ground.

[phil1969] 23/1/2017 19:27

A bit of research on hxxp://www.haikechemical.com/shareholder-information shows only 56% of shares not publicly available.

81% is held by Hi-Tech Chemical Investment Ltd, employees and institutions.

Realistically only 19% of free float!!

Hi-Tech Chemical Investment Ltd has Mr. Xiaohong Yang as its chairman and major shareholder. He is also Haikes chairman.

Some Chinese companies on AIM are considered very high risk and trade at a huge discount to its non Chinese peers.
Reading back through the history of Haike and its history on AIM. This profitable, low debt business shouldn't be trading at such a huge discount and todays trading update has brought this to a lot of investors attention.

Current p/e only 6, not unusual for Chinese AIM stocks but Haike the more reputable can command p/e of 8-10. Giving a further 30-60% upside. (45p-55p)

Looking at finals for 2015 released May 2016 - "No dividend is proposed for this year. When the Group's profitability has further improved, the Board will consider the resumption of dividend payments."

The groups profits have improved drastically and debt substantially reduced. Given 55% of shares are held buy Hi-Tech Chem, it wouldn't surprise me if there is pressure to reinstate the dividend. An AIM stock with pe below 10 considering to reinstate dividend payments. This would also put a rocket under the share price

Also compare the wording of the January 2016 trading statement to todays. Massively different, so positive for 2016 figures yet to be released and a very confident outlook for 2017.

We will see another rush for shares first thing before hopefully settling in the mid to high 40's

[colin12345678] 23/1/2017 16:41

tevita i think he has won that battle with the closing price lol

[tevita] 23/1/2017 15:24

LOL poor old hatey PUMPS duds misses winners

talking of MRS LOL yep another hatey dud

closed up his tweets again LOL


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[galeforce1] 23/1/2017 15:18

What an amazing rise here today. Wish I'd bought a few more.

[tevita] 23/1/2017 15:12

too late on both hatey LOL

LOL

too late hatey i already copied your last tweet for a laugh



hatetrader ‏@hatetrader1 12m12 minutes ago

Fancy a gamble in Haik, profits 2 mil, so PER of 10 gives around 60p, cash almost covers debt, so at 24p it might still go up more
0 replies . 0 retweets 0 likes

[the oak tree] 23/1/2017 12:37

Don't think we got any forecasts so cant say if it's better or worse. No idea what they have pencilled in for 2017 but even a modest rise puts these on a quite silly price. Just my opinion of course. And they are Chinese so deserve a substantial discount. But Profit is about half the market cap. PER of 2 and that's historic. Sure it's been erratic over many years but so far the new management have done what they said they do and fairly quickly. Oil price recently going the right way too.

[galeforce1] 23/1/2017 12:05

Looks interesting. 'Considerably ahead of last year'. Is that more or less than 'materially ahead of expectations'. I think more.
A £5m market mcap against an £80m turnover looks strange. But perhaps no stranger than AFG (also Chinese) which has a market cap of about £15m and a turnover well over £100m.
I don't know much about Haike at this stage but have bought a few shares to keep me interested, and will add if things seem positive.

[the oak tree] 23/1/2017 09:32

Obviously the massive rise in profits , some 350% , is welcome. Compared the amount to its market capitalisation! But it's the small, in comparison , debt they now have that's most pleasing. Plus a reasonable cash balance. At some point this year I reckon it's in for a rerating. Which will probably happen quite quickly as few trades seam to move the share price a lot. IMHO It's China ofcourse that puts people off. But if it was a western based company this would be a value play.

[the oak tree] 23/1/2017 09:25

HaiKe Chemical Group Ltd Trading Update HaiKe Chemical Group Limited ("HaiKe" the "Group" or the "Company"), the AIM quoted (AIM: HAIK) specialty chemical business based in Shandong Province, China, today provides an update on trading ahead of its final results for the twelve-month period ended 31 December 2016.The Group has delivered a positive operational performance in the second half of the year driven by the Company's focus on higher margin chemical products, product innovation and cost controls. As a result, the Group anticipates that it will report a profit for the year ended 31 December 2016 considerably ahead of last year.· Unaudited profit for the year was CNY18.1 million (2015: CNY4.1 million). · Unaudited total revenues were CNY725.9 million, marginally below FY2015 (2015: CNY727.5 million).· Unaudited gross margins increased to 15.8% (2015: 11.6%) as the Company continued to adjust its product mix. Sales of more profitable, high-end products accounted for 8.1% of 2016 sales (2015: 3.0%).· Unaudited overall sales volumes were 125,395 tons which were comparable to FY2015 (2015: 125,098 tons).· Unaudited average selling prices decreased by 1.8% to CNY5,529 / ton (2015: CNY5,629 / ton), in the face of strong competition.· Unaudited selling expenses rose by 16.7% to CNY40.5 million (2015: CNY34.7 million) due to more aggressive sales and marketing activities in restrained market conditions.· Unaudited general and administrative expenses increased by 22.2% to CNY50.3 million (2015: CNY41.2 million). This was attributable to increases in labour costs and R&D expenses of 15.9% and 35.6% respectively.· Unaudited interest expenses dropped to CNY3.9 million (2015: CNY20.7 million) following repayment of bank loans during 2015. Total borrowings at 31 December 2016 were CNY80 million (30 June 2016: CNY80 million). · At 31 December 2016 the Company's cash and cash equivalent balances were CNY57.2 million (30 June 2016: CNY73.5 million). Note: as at 31 December 2016 the GBP/CNY exchange rate was 1:8.5094 Appointment of Chief Financial Officer The Company is pleased to announce that Jes Cui has joined the Company and will be appointed as Chief Financial Officer effective from 1 February 2017. It is expected that Mr Cui will join the Board in due course. Mr.Cui has more than a decade of experience working for Fortune 500 companies as Chief Financial Officer and held similar positions in China. Prior to joining the Company, he was Executive Vice President of ENN Group and President of ENN Solar Energy Group. From 2006 to 2008, he was the Chief Financial Officer and then Chief Executive Officer of Siemens Industrial Turbo machinery (Huludao) Co., Ltd. The Board would like to welcome Mr. Cui to the Company.

[the oak tree] 01/12/2016 09:32

Hopefully the 10% price hike in oil announced today makes its way to the bottom line for Haike. Having said that it needs to be agreed by non OPEC members plus it starts Jan. Still not a bad days news.....

[andysand] 06/9/2016 17:44

It's a fraud like all the rest of them. As always, just a matter of time.

[the oak tree] 20/7/2016 15:56

CFO resigns after 5 years for personal reasons (probably never know, be interesting if he sells any shares but we won't know now I suppose).

The trading update is very interesting and probably why the shares have been up lately. Turnover is well down Y on Y however profit is well up. It made approx £1.3m for last 6 months so lets say thats £2.6m for FY16 (could the oil market be any more diffcult to be in right now? i.e. it may well get better??).

However its on a market cap of only £5.7m! two times profit is incredibly cheap. Ofcourse there are reasons for this:
1. it's poor trading history
2. it's balance sheet
3. it's chinese.

We'll just have to see what the balance sheet looks like in due course. Last we heard they had clearned their huge debts. Time will tell......

But even on a mark cap of 5 times profit that gives a market cap of some £13m which is 1.3 times the share price today.

All IMHO , DYOR.

HaiKe Chemical Group Ltd. (the "Company" or "HaiKe"), the AIM quoted (AIM: HAIK) specialty chemical company based in Shandong Province, China, announces George Zeng has decided to step down from the Board for personal reasons and, on 18 July 2016, resigned as Chief Financial Officer of HaiKe with immediate effect.

The Board has initiated a comprehensive search for a new Chief Financial Officer, who would be expected to join at Board level, and a further announcement will be made in due course.

Trading Update

The Company also provides an update on trading for the six month period ended 30 June 2016. The improved performance, highlighted in the 2015 Final Results on 31 May 2016, has continued, and for the six months ended 30 June 2016, the Company delivered unaudited revenue and net profit of CNY526.9 million (CNY727.9 million in the same period of 2015) and CNY11.4 million (CNY3.0 million in the same period of 2015) respectively.

Mr. Xiaohong Yang, Executive Chairman, said:

"On behalf of the Board, I would like to sincerely thank George for his commitment and outstanding contribution to the business over the last five years. We wish him and his family well for the future."

[hlp_4u] 20/7/2016 09:13

Lost their CFO....never a good sign after recent rises this looks like safe short

[hlp_4u] 20/7/2016 09:12

Lost their CFO....never a good sign after recent rises this looks like safe short

[the oak tree] 31/5/2016 08:19

Anyone any ideas on how many shares the management have?

Had a very quick look at accounts and could't see it , but maybe missed the table. All I saw was this below. Plus some share options which had an excercise price of some 58p which is way above current share price They got rid of quite alot of sales people.


Key management remuneration


2015 2014
CNY'000 CNY'000
------------------------------------- -------- --------
Short term employee benefits of
the Directors of the Company 3,142 3,092
Short term employee benefits of
the Directors of the continuing
group 618 279
Short term employee benefits of
the Directors of the discontinuing
group - 1,541
------------------------------------- -------- --------
3,760 4,912
------------------------------------- -------- --------

[the oak tree] 31/5/2016 08:04

Looking good. The current £4m capitalisation gives you £2.4m profit this year (2016). If we assume the first 4 months profit continues at the same rate.

The huge debt is well down and hopefully not too far off getting rid off completely.

Put it this way if they continue at current performance in this very difficult oil market then IMHO I belive the share price will be much higher this time next 2016 results. With the added bonus that perhaps the oil market will get better.....

One to lock away.