Haike Chemical Share Discussion Threads

[sparky333] 12/4/2017 08:47

Not long now for FY results and maybe a dividend coupled with bullish outlook for 2017 following move to high end segment with higher margins which provided a huge pop to 2016 fourfold increase in profits.

[hotaimstocks] 06/4/2017 23:36

very interesing times to in this undervalued company

[sparky333] 22/3/2017 12:04

Someone just picked up 65k

[sparky333] 22/3/2017 08:51

Amounts due from related parties 580,931Trade and receivables 105,941Inventory 33,286Cash 73,541Total assets961,418Total liabilities as you state So what's the issue ? Very naughty boy !!!!!

[supercity] 22/3/2017 08:18

Total liabilities refer to the aggregate of all debts an individual or company is liable for and can be easily calculated by summing all short-term and long-term liabilities, along with any off balance sheet liabilities that corporations may incur.http://www.investopedia.com/terms/t/total-liabilities.aspJust in case it isn't clear

[supercity] 22/3/2017 08:15

27th September half yearly reportAmount due to related parties CYN568 millionOutstanding loans CYN80 millionTotal liabilities CYN837 millionEquivalent to approx £100m at 8.5-1No advice intended

[sparky333] 22/3/2017 07:28

Doesn't need much to move it. 300k in buys and we would be pushing 30+

[sparky333] 21/3/2017 20:13

We are talking cny not £ exchange rate is 8.5 to 1 Therefore debt is under £10m. I so wish people would read things properly.

[sparky333] 21/3/2017 20:05

Rather than scaremonger I think you need to re read.

[supercity] 21/3/2017 17:01

Over £100m in liabilities and challenging conditions ahead according to their interims - I wouldn't read too much in to the small profit and cash balance...although it can spike and drop on little volume, be wary.

[sparky333] 21/3/2017 14:10

China's chemical sector is also shifting from basic to speciality chemicals. IHS Markit expects sales of specialties in China to grow about 6.5%/y during 2015 to 2020, to more than US$175 billion, surpassing North America to become the largest speciality chemical market.

[tradermick1] 21/3/2017 13:31

Few idiots taking same day losses trying to catch the quick buck.

2235 pays 21p just sold for 19p and 9217 paid 23p sold for 21p 8 mins later.

May well be that dip soon if they keep selling so low.

[tradermick1] 21/3/2017 13:22

Ok lets stick to Haik now on here.

[galeforce1] 21/3/2017 13:18

Trader

AFG is not a scam. Don't fall for the 'group-think'.

It has a highly-regarded CFO who was at Price Waterhouse and then at West China Cement. It makes about £1m a month. It has no debt and a handy cashpile. It has director buying and a useful divi. It even has UK suppliers. It buys 1000 tonnes of mackerel from two companies in Peterhead and Frazerburgh. It's on a P/E of 1.

Haike also looks good. It's not making alot of money at the moment, and it has some debt. But it looks as though it's turning around. And the new CFO looks promising.

Definitely on my watchlist, and if it falls back a bit I'll buy some.

[tradermick1] 21/3/2017 13:05

"not as cheap as AFG" but also not a scam like AFG

That is the difference I'm afraid galeforce1.

Haik has been around for ages and the shareprice mirrors the company performance
unlike the "too good to be true scam stocks"

[sparky333] 21/3/2017 13:02

Also, margins increasing as they move to more specialised products up from 11to 15% at the interims.

[galeforce1] 21/3/2017 13:00

Haike looks interesting, and pretty cheap on a P/E of about 4.

Indicated profits for 2016 - £2.1m. Enterprise value c £8.5m

Net cash position of £6.8m.

Appointment of Jes Cui as CFO, who has an impressive-sounding CV.

Possibility of a dividend at the Finals.

Definitely on the watchlist for me. Not as cheap as AFG, but seems to be a bit more liquid.

[sparky333] 21/3/2017 11:47

30p is my short term target.

[tradermick1] 21/3/2017 11:43

Just remember to trade some Sparky, you see how this jumps to life but when goes dead can drift a big amount when nobody wants to play it.
But for now they are happy to chase it to 23p so far.

[sparky333] 21/3/2017 11:42

I expect a small dividend announced worth FY