Haike Chemical Share Discussion Threads

[the big fella] 05/6/2017 11:29

Well they are clearly very cheap. If they weren't Chinese I would be expecting a ten bagger, however they are, so it is difficult to value accurately. However somewhere towards a £1 would seem reasonable.

[foxy22] 05/6/2017 11:14

On fire...rehitting year high....50p this week?

[sparky333] 05/6/2017 10:10

Another 100k buy. Looks like and II is taking a stake.

[sparky333] 05/6/2017 09:46

Someone confident with nearly 150k bought

[the oak tree] 02/6/2017 18:28

Have to share with you all what one witty poster said here some years ago. Haike was in a bad way and one poster was commenting on the chart potential . Then this other poster comes along and says .....yeah sure .....it's like a heart monitor just before it flat lines! ! I did laugh. And he wasn't far off the truth either. Changed times now........Patience..........

[the oak tree] 02/6/2017 18:23

We should all do what we are good at, as that will make you most money. There are increasingly more traders which all compete with each other to be first in and out of the trades. It's why we have so many spikes and crashes. I used to use stop losses but no longer as it all goes too fast and excessive to effectively use. Just my opinion and happy others do the opposite from me as it gives me less competition! It also makes no difference this being down today. None. Why because I'm pretty sure value will out eventually. How it gets there is immaterial to me. In the meantime if others can make money out of the journey then go for it. I suspect what will move this is it coming up on the various sieve people use. Many will ignore it because of it being Chinese but it's getting a reasonably track record and after a few of the tip sheets get it as well it could get some momentum.

[bewarepaul] 02/6/2017 16:23

Could be worse, Cnel lost all their gains almost.

Considering the drip selling the drop is not too bad at all. Aim has changed it's 99% day traders now so if you hold something long term and it spikes on good news you are wise to bank some and then buy them back cheaper if it does drift back, most of them do, still think there is a hidden buyer in this, this kind of selling last week would have knocked 5p+ off the price.

[sparky333] 02/6/2017 16:17

Can see why companies are leaving the AIM, great results and yet down 8%

[sparky333] 02/6/2017 14:33

Sept figures will be awesome, long term hold.

[foxy22] 02/6/2017 14:10

Hope it's not retracingExpected pop this am....

[amrishbhim] 02/6/2017 12:10

MMS played a very good game by keeping the price down, I think yesterday there were many buyers, today I feel it's just getting the sellers so it's can clear the buy of yesterday, hopefully soon we should see some movement upwards

[amrishbhim] 02/6/2017 12:07

In red, mostly sellers, but price only down2.2%, holding very strong to yesterday price, feel at close be blue to the way it's holding up here.

[sparky333] 02/6/2017 10:46

I agree I also have a feeling this is going to pop again.

[amrishbhim] 02/6/2017 10:41

It's be blue by close of play tonight

[bewarepaul] 02/6/2017 10:22

Still mopping up sales and no signs of this reversing back in a major way.

We've lost the crazy moves by the mm's but I think most would prefer a slow and steady rise than spikes up and down.

[bewarepaul] 02/6/2017 09:09

The oak tree

Very good posts.

Also a lot of medium/long termers are turning into traders because they are sick of seeing spikes sold into and gains lost. Just look at Cnel the other day, massive contracts up 50% and now almost lost all the gains.

I know Haik should be trading at 50p+ but that has not stopped me selling some this morning purely because I fear the scenario where it becomes fish and chip paper by next week where everybody departs looking for the next hot spike.

If it keeps rising great because I still hold some, and if it drift back I will buy those shares I sold back later on.

[sparky333] 02/6/2017 09:04

Nice 30k buy

[sparky333] 02/6/2017 08:22

Trying to tempt sellers

[sparky333] 02/6/2017 08:09

Dividend next imho.

[the oak tree] 02/6/2017 08:05

I suspect we have a few here that are traders and still others punting on it like a tiny oil share . Nothing wrong with that as a market is about a range of investor types. But I view haike as a value investment to be held for the medium term. So the share price will spike, then there will be the usual sell off , but I intend to hold and get the big long term rise. I like how management are low key on their tone of trading. They always call out difficult trading conditions . But I also note they used the work "sustainable " in the second paragraph when describing the 2016 profit. Basically I believe they found a way with new personnel to make money from there business. Remember oil price is low. I suspect we may get one or two pleasant surprises on profit this next year or so. No reason then for a share price of a pound or so.One happy holder!

[the oak tree] 02/6/2017 07:53

Excellent start to the current financial year and appreciate us being given figures rather than just narrative. It's clear, haike has turned itself into a good business and should have a modest rating to show for that. I'm impressed with management as far as I can tell. They turned this company around , got rid of debt , increased margin and even turnover. Note when a company turns over 106m pounds as I believe it will this year ( just prorate the 4 months figure) it doesn't take much to get an extra million or two on the bottom line. So we had 5pence eps for 2016. Profits given the first 4 months figure look like they will be up 136% on 2016. So we should get 11.84 eps for 2017. It's a Chinese aim share and will only ever get a modest rating even the huge problems others have had. But I suspect haike will make headlines for being the exception! There has to be one for goodness sake! LolSo let's give it a PE of 5 till it beds down this recent success. That then gives a share price of 59p. So plenty still to come. The cash is netted of with its debt remember. But we are being cash generated which is what you expect. Good luck all.

[sparky333] 01/6/2017 22:07

Among the top performing small caps was Haike Chemical (HAIK) as it delivered an impressive CNY302.8m turnover in the first four months of 2017, up from CNY225.5m. The stock soared 30.8% to 34p

[the big fella] 01/6/2017 17:40

Just in from a super afternoons surfing at Crantock. Pleased to see the rise. Surely more to come given we are likely to do in excess of 10 EPS this year. With the sustainable growth a normal valuation would see these at £2 a share plus. However it's Chinese so if we heavily discount it anywhere between 50p and £1 would seem reasonable. However if the growth continues as it has been then they could easily be back to £2 + within a year or so

[amrishbhim] 01/6/2017 17:11

Nice day, what do people think regarding tomorrow and over the next few weeks, looking at today RNS, I can only say the value is still low, I see a target price of 70p valuing the company at around 25-30 million before the next result.