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 Shares Traded Last Trade
  0.00 0.0% 38.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
1.00 75.00 0.00 0.00 0.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 85.10 2.42 0.05 759.1 15
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 38.00 GBX

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Date Time Title Posts
15/3/201812:42Haik, Fast growing Chinese Stock, forward pe 5 (perhaps lower)....10,685
13/4/201611:17HAIKE - Chinese Petro-Chemicals1,469
08/5/201216:46HaiKe Chemical - Strategic pursuit of margin-
04/1/201210:07Haike - Recent Developments14
28/11/201115:46HaiKe Chemical Group Limited120

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gb904150: I guess what's difficult is the conflict of interest. The MBO team's interest is to pay as little as they can get away with. In that case a low market cap / low share price suits them as a 'current market price' and they can just pay a premium to that. BOD are exploring options....cancellation from AIM and continuing as a private company. In such circumstances, the Company would seek to arrange facilities for shareholders to exit their investment at a small premium to current market levels, although there can be no certainty such facilities can be arranged or at what level. It's not great for the original investors who paid the IPO price of £0.80. It's unlikely they will pay what it's worth - which would be a multiple of the earnings. All they've create dis given uncertainty which investors don't like, that leads to a weak share price which is what we're seeing. But yes, a small premium to today's share price might be something like 25p but the BOD won't have much interest in seeing the share price climb between now and whenever they make their move.
jamesto2: Little mans sells 420k lol Get a book on investment. Any Share Price can do wonders without any profit at all. Likewise good results can disappoint. A very complex world the stock market. However , increasing profit and dividends will always be a good thing in the long run as with cash mountains - Apple is a good example
the oak tree: 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: 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.
the oak tree: It had drifted lower with the oil price sliding and has just recovered from that in my opinion. Personally I don't see the oil price as that relative to this share. They have demonstrated they can make money on a low oil price as they have moved to the speciality chemical side.It's all about some words at the end of their next announcement on how current year trading is going. Imho I think they will make continued progress and that will lead to a sharp jump in the share price. Patience........
phil1969: 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!!
the oak tree: 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: 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."
rivaldo: Big coverage in today's FT - the current valuation of HAIK by the market is apparently "irrational".... "January 22, 2012 3:58 pm Chinese group finds right chemistry in Aim By Alexandra Stevenson Tough market conditions have made raising money on the Alternative Investment Market virtually impossible, but one Chinese company says it still sees value in the junior exchange. "We have found it easier to do business as a public company compared with before 2007 when we were an ordinary private enterprise in China," says George Zeng, chief financial officer of Haike, a petrochemical and speciality chemicals group. His comments come at a time when the exchange has seen more companies leave than join. Tough trading conditions, triggered by turmoil in financial markets in Europe, pushed 24 companies off the alternative market in the last three months of 2011. Current expectations are low. The junior market has been a venue for small companies to raise otherwise inaccessible funds, but this year companies on Aim raised less money than in the credit squeeze of 2008. While hesitant to make any predictions, Mr Zeng says that, if the market improves, he is confident Haike can still raise money. But he makes one thing clear: he would not go back to the market under current conditions. In early 2007, when the Dongying-based company listed on Aim, it needed extra funds to expand two oil and chemical production facilities. It raised a net $17m through an issuance of 33 per cent, or about 11m shares. Shares began trading at 79p. They are now priced at a more modest 36p. But Haike has no problems finding the funding it needs. Unlike many foreign listed companies that use their Aim listing to boost credibility overseas, Haike's status as a foreign listed company has been more useful in its home market. "After our admission to Aim our company reputation has increased in local markets when dealing with local banks," Mr Zeng explains. This has meant access to local bank loans in a year when the Chinese government largely reined in monetary policy, squeezing most businesses' access to capital. Haike, which has negotiated one-year loans with a dozen local banks, currently has $400m in debt. Mr Zeng does share one frustration with Haike's fellow Aim members though: market volatility. Over the past year its share price hit a low of 25p in April and a high of 89p in the summer. This is exacerbated by retail investors, Mr Zeng says. "Some retail investors are not looking to the fundamentals of the company. I refer to their thinking as irrational." Aim has a reputation of being a backdoor for foreign companies with sketchy corporate governance, because its rules are more relaxed than the main London Stock Exchange. Companies are not required, for example, to make a minimum number of total shares available to be freely traded. Haike, for its part, is trying to separate itself from this perception. "We try to communicate with investors in a more transparent way...we are keen to provide more trading updates compared with previous years in order to inform investors of changes in performance," Mr Zeng says. Haike plans to find an independent researcher this year to help address the company's undervalued share price, he adds. But valuations are bound to be skewed as changes in the FTSE Aim index over the years highlight. When the market launched in 1996 the index was 1,000. Currently it hovers around 678. Haike has high hopes things will turn round. It is not the only company still waiting for the Aim to come back to life."
zaksab: Sorry Vatking - you do not understand accounting and you make some bizzare statements. Look at the accounts more closely. I hadn't looked at H1 but have done now. H1 was a good half for them though guidance is clearly for worse to come. EBIT interest cover has improved from 1.5x to 1x. THe thing to find an answer for is the massive absorption of restricted cash. This is having the effect of draining liquidity out of the business and forcing it to raise more debt for it to meet its cash outgoings once from unrestricted cash balances. It may be that the banks are asking for some sort of a sinking payment fund whereby cash has to be ringfenced to honour the debt upon maturity. THis would not be bad thing - HAIK would be being forced to de-lever - the concern would be that it causes a liquidity drain from the business preventing it from meeting its cash operating, investing or debt refinancing needs in the future. In H1 they did manage to borrow more money to cover these and to increase the gross cash balance. If trading is set to deteriorate in H2 there are liquidity risks clearly. That is even if you are relaxed about solvency - with an interest cover like that and inherent operational gearing, I wouldnt be. On the currency, I reiterate my point that in valuing a companies shares it it is the currency that the company earns its revenues and pay its costs in that matters and the relation to the currency in which its stock is traded. For HAIK revenues and most costs will be in RMB and obviosuly the stock is in £ so if you are bullish RMB/£ you will expect a kicker to the HAIK share price all things equal. If the reporting currency changed tomorrow to Brazilian real this exposure will not change.
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