Member Info for Proselenes

I think WCC might be staying on AIM a lot longer. It seems to be they want to raise a load of cash in Hong Kong, but the global situation is not compelling to do it. Might it be canceled until next year now ? Certainly a lot of people feel they were misled (by who though) as they were expecting no fund raising and so it does not matter they can go ahead and list, but it seems to me that fund raising either at listing, or not long after, is key and so they have postponed for now. I did post a couple of weeks back in a few places that "if" they postpone it will give the game away about the potential to be looking for fund raising, not just introduction. A big fund raising will dilute earnings down and pull the rating up to be in line with peers in Hong Kong, meaning the expected (by the ADVFN posters) big leap up might never now happen. In the short term I can see many more people now selling their margin/spread bet positions, and others taking profits and coming back later, so there could be more weakness in the short term. A few links to the issues : http://online.wsj.com/article/SB10001424052748704370704575227980016059138.html http://www.channelnewsasia.com/stories/afp_asiapacific_business/view/1055400/1/.html http://www.businessweek.com/news/2010-05-07/swire-properties-shelves-2-7-billion-hong-kong-ipo-update3-.html .

In summary : 305 million pounds banked and another 50 million coming in June. The shares held by PMHL of another company in Hong Kong are worth 70 million pounds today. The remaining iron ore business is worth 70 million. 495 million pounds (of which 425m is cash and investments). Present market cap is 235 million pounds. Company has in place a "share buy back" scheme which can now start from next week. Makes this what is called a "no brainer".

Presently its well undervalued.

!

Picked from a comment from another site, but very true. Anhui Chaodong is now trading over RMB 10.00 valuing PHML's stake at 58p per share, add the 240p cash for the pending sale of the cement business (due before end of May) and add in the iron business, which should be trading very well, and the true value of PHML shares are circa 340p.

Interest picking up again, news should be soon.

Results out in Hong Kong already, cash generation poor, no dividend to be paid, gross margins down, marketing expenses through the roof. Hong Kong not impressed and RCG well down on the Hang Seng.

And rising.

More director buying yesterday. http://www.investegate.co.uk/article.aspx?id=201003090700142549I 09 March 2010 SURFACE TRANSFORMS PLC ('the Company') Directors shareholdings The Company has been notified that Mrs Heather D'Silva, wife of Mr Kevin D'Silva, Chairman, today acquired 30,000 ordinary shares of 1p each at 13p per share, equivalent to 0.14 per cent. of the entire issued share capital of the Company. Mrs D'Silva now beneficially holds 30,000 ordinary shares, equivalent to 0.14 per cent. of the entire issued share capital of the Company. Mr D'Silva beneficially holds 281,986 ordinary shares, equivalent to 1.16 per cent. of the entire issued share capital of the Company.

Half Year results seem to have been received ok. http://www.investegate.co.uk/Article.aspx?id=201002240700065676H That was followed by some director buying and its certainly perking the price up, presently can sell, if you want, over 120K at mid price, never been like that for years, so I guess someone wants to buy some volume, which is why the price is ticking up past days.

Bit of Director buying it was : http://www.investegate.co.uk/Article.aspx?id=201003020700209013H SURFACE TRANSFORMS PLC ('the Company') Directors' shareholdings The Company was notified on 1 March 2010 that on 1 March 2010 Mr Kevin Johnson, Managing Director, acquired 19,250 ordinary shares of 1p each at 9p per share, equivalent to 0.08 per cent. of the entire issued share capital of the Company. Mr Johnson now beneficially holds 124,000 ordinary shares, equivalent to 0.51 per cent. of the entire issued share capital of the Company. The Company was further notified on 1 March 2010 that on 1 March 2010, Mr Ken Baker, Director, acquired 60,000 ordinary shares of 1p each at 9p per share, equivalent to 0.25 per cent. of the entire issued share capital of the Company. Mr Baker now beneficially holds 275,000 ordinary shares, equivalent to 1.13 per cent. of the entire issued share capital of the Company. The Company was finally notified on 1 March 2010 that on 1 March 2010 Mr Geoffrey Hall, Company Secretary, acquired 6,400 ordinary shares of 1p each at 9p per share, equivalent to 0.03 per cent. of the entire issued share capital of the Company. Mr Hall now beneficially holds 28,420 ordinary shares, equivalent to 0.12 per cent. of the entire issued share capital of the Company.

A stream of buys coming in, which for SCE is very unusual. Something afoot ? News coming ?

EGM all resolutions past this morning. The buy backs can begin and the company will be getting buckets of cash. Sit back, wait, relax and let the further re-rating come. Some chunky buys today as well :)

http://www.hkexnews.hk/listedco/listconews/sehk/20100223/LTN20100223208.pdf PMHL are due to receive circa 234p a share in cash and they plan to do a share buy-back. EGM is next Monday, and the fireworks should begin soon.

Not too much longer to wait : http://www.investegate.co.uk/Article.aspx?id=201002100700059125G West China Cement Proposed Hong Kong Listing RNS Number : 9125G Proposed Hong Kong listing 10 February 2010 WCC, a leading cement producer in Shaanxi Province, People's Republic of China, is delighted to announce that an application for a listing of the shares of the Company on the main board of The Stock Exchange of Hong Kong Limited ("HKEx") was made yesterday, 9 February 2010. The listing of the Company's shares on the main board of HKEx is subject to, amongst other things, the approval of the listing sub-committee of the board of directors of the HKEx. There will be further announcements to the market as and when appropriate.

Totally expected (if you are sensible and not a ramper) Anyone thinking different was living on the moon. Remains a large avoid IMO. RNS Number : 8919G Taihua Plc 09 February 2010 TAIHUA PLC ("Taihua" or "the Company") TRADING UPDATE Taihua plc a China-based pharmaceutical company which manufactures Paclitaxel, Homoharringtonine and Traditional Chinese Medicines ("TCM") would like to update its shareholders on its progress in 2009 before the release of its financial results for the 12 months ended 31 December 2009. Overview As disclosed in the AGM Statement of 24 July 2009 and the 2009 interim results of the Company, the first half of 2009 was very difficult for the business of Taihua. Impacted by the global financial crisis and foreign exchange rate fluctuations, the sales volume of Paclitaxel and Homoharringtonine, the Company's principal products, had decreased when compared to the same period in 2008. The Company's customers' demands increased in the second half of 2009 compared to the first half of 2009 (Paclitaxel sales in H1: 4750 grams; Pacliataxel sales in H2: 6805 grams (an increase of 43.26%) and homoharringtonine sales in H1: 1620 grams and homoharringtonine sales in H2: 3570 grams (an increase of 120%)). However, the increase was not sufficient to arrest the decline in year end profits compared with the previous year. Therefore, although the trading performance of the Company has improved in the second half of 2009, the sales volume of Paclitaxel and homoharringtonine in 2009, as affected by the poor performance in the first half of 2009, was still lower than that in 2008. Paclitaxel and Homoharringtonine The prices of Paclitaxel and Homoharringtonine remained unchanged in the second half of 2009. During 2009, the Company sold 11,555 grams of Paclitaxel, a decrease of 31% compared to 2008, and 5,190 grams of Homoharringtonine, a decrease of 43% compared to 2008. TCM products The Company has not fully recovered from the adverse influence of the suspension of TCM production in 2008. As a result, the sales revenue of TCM products in 2009 decreased by 9% compared to 2008. Outlook The Company is now concentrating on further discussions with potential European distributors and expects to conclude the negotiations with potential European distributors in March 2010.

Nice news. Expanding further :) http://www.investegate.co.uk/Article.aspx?id=201002090731108680G West China Cement RNS Number : 8680G West China Cement Limited 09 February 2010 Announcement of investment in Longqiao cement plant West China Cement Limited ("WCC" or the "Company") is delighted to announce an investment in the Longqiao cement plant, a facility with 1.1 million tones per annum capacity and limestone reserves which are sufficient to support this operation for well in excess of 30 years. The investment has been effected through the establishment of Shangluo Longqiao Yaobai Cement Co., Ltd. ("Longqiao Yaobai"). Shaanxi Danshui Construction Materials Co., Ltd. ("Shaanxi Danshui") an independent third party has injected assets of RMB337m into Longqiao Yaobai. Post the investment Longqiao Yaobai is owned as to 80% by Shaanxi Yaobai Special Cement Co., Ltd., a wholly-owned subsidiary of WCC, and 20% by Shaanxi Danshui. The investment has been financed by an injection of RMB100m by WCC into Longqiao Yaobai, payable in two tranches of RMB50m. Longqiao Yaobai will also assume Shaanxi Danshui bank debts of RMB50m and a shareholder loan from Shaanxi Danshui of RMB150m. The investment is subject to a number of conditions including the transfer of the mining licence, the transfer of the land use rights and the transfer of the cement production licence and, should these conditions be met, profits and legal ownership will pass to the Company, with effect from 31 December 2009. Longqiao Yaobai is located in Shangluo region, southern Shaanxi and employs modern NCPP technology. The investment in Longqiao Yaobai is financed by our internal resources. Commenting on the transaction, Jimin Zhang, WCC's Chief Executive Officer, said: "Longqiao Yaobai is another exciting opportunity for WCC. This new establishment is part of our strategic expansion plans and its location some 60 kilometers from Shangluo city, to the east of our Xiushan production facility, further enhances our market position in southern Shaanxi. " WCC's Chairman Robbie Robertson remarked: "The Longqiao plant is a particularly interesting investment as it serves the local Shangluo market allowing us to increase our market share in rural development projects, which will benefit from the PRC Government's rural stimulus plan aimed at improving livelihoods in rural areas"

Possibly 50% of the total shares in RCG could be "dumped" on to the market soon !! This has to be the start (or mid period) of an SP collapse. http://www.theedgemalaysia.com/index.php?option=com_content&task=view&id=159184&Itemid=79 .............Ricky Tam Siu-hing, chairman of the Hong Kong Institute of Investors, said volatility in RCG's share price in the short term was expected as 50 per cent of the shares could suddenly end up publicly available. "At the moment we don't know if Chan will have to sell his stake in RCG to pay for his legal fees while the share price of RCG is still quite high... there are reports that Chan has been selling some of his PROPERTIES [] in the last two years to this end," Tam said. Since Veron was now owned by the foundation, it was possible Wang's RCG stake could be sold under pressure from the family, he said................

Looks like the seller has been cleared and the price can now move on up again.

Couple of articles related to the news yesterday from China. In the first link, just wonder what 20 times PE pricing would do to WCC when listed on the Hang Seng ;). A large rise could be an understatement. http://chinaonmeta.com/news?nid=105536 http://english.sina.com/business/p/2010/0131/302473.html .