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The Yangxian plant (due to be on line Q2 2010) appears to be still on schedule. http://www.westchinacement.com/newEbiz1/EbizPortalFG/portal/html/InfoContent.html?InfoPublish_InfoID=c373e922e92f4e548fef457b16d53496 Company News August 7th 2009 Shaanxi Provincial Inspection Group visited Yangxian Plant Shaanxi Provincial inspection group and a Standing Committee Member of Yangxian County visited Yangxian plant, the fully owned subsidiary of West China Cement Limited, which is under construction. The plant manager Mr. Wang Fayin and relative leaders warmly welcomed the inspection group. During the visit, Mr. Wang gave a detailed introduction of the project progression, and the performances and achievements that have been recognized in the past months. The group hopes all staff will be overcome the bad weather and other adverse factors to ensure the plant can be successfully fired up on time and contribute to the local economic development. At the same time, the plant manager Mr. Wang on behalf of all staff gives thanks for the provincial leader's support and care. He also pointed out that the group will overcome all the difficulties, continue to be hard working and strive to build a high-quality and high-efficiency demonstration plant.

Done well to keep hold of the rise and consolidate a little. There simply is no better Chinese stock on the AIM. Keep buying and adding and holding it what I shall do, and let the profits pile up as the stock price continues to rise up to my 15 pounds target price. This is not some techy stock that might fall over anytime, or some weird software company that pumps out profit warnings and could fall over anytime. This is cement and its in demand and demand will keep on growing. A very safe investment IMO. Put your money in and forget about it for 2 years and then be very delighted at whats happened.

Rising well today. Appears that SCSW gave WCC a good write up over the weekend and a buy rating. ( http://www.scsw.co.uk/ ) Cannot blame them given the potential for this company going forward. Should be looking at over 150p of earnings for 2011, so you can guess what the stock price might be at that time.

Cement prices in their home province (North West Shanxi (Shaanxi)) are up again being +5 to 378RMB now. http://www.cementchina.net/news/shownews.asp?id=5953 Provided they keep above 300 then I am happy. An interesting Friday last week with a sharp shake down and then finishing up on the day, may or may not bode well for some strength this coming week. Interims next month.

Nice contract news out on RNS. http://www.investegate.co.uk/article.aspx?id=200907300700035004W Still remain hopeful this high risk blue sky tech stocks will be one that will come good, fingers crossed of course.

Cement prices in Shaanxi still nice and high. http://www.cementchina.net/news/shownews.asp?id=5920 (Shaanxi of WCC fame comes under North West Shanxi, not the North China Shanxi in the link) Brokers using circa 300RMB prices for forecasts for WCC. Actual as can be seen is 20% higher at over 370RMB. Nice .

As interims are due in September its worth working out what kind of quarterly earnings should be seen in 2009 to estimate the realms of target earnings. The new plant will be 100% production from late August onwards, therefore Q4 will be the best earnings for the year. Could be something like Q1=15P, Q2=15P, Q3=20P, Q4=25P giving a full year 2009 of 75p. Based upon that we should be looking for between 25p to 30p of earnings for the interims in September, and then 75p for the full year. The new plant starting its run up process is the reason for the increase in earnings in Q3 and then it being 100% on line for Q4 the rise again in Q4. In the region of 25p to 30p at interims would be fine and in line. Anything more could lead to upgrades for the full year forecast which is presently 77p. More development of the plants and increasing efficiencies along with cheaper energy costs could lead to 4 quarters of 30p earnings in 2010, which gives the 120p figure I have for 2010 earnings. On top of that the recently announced two smaller plants come on line, again leading to potential for Q4 2010 being higher, and leading to a 2011 potential earnings in the region of 150p to 170p all of course depending on cement prices and energy prices amongst the other variables.

Present forecasts are for 2009 EPS of over 77p and 2010 EPS of over 103p. However, these are based on cement prices that are currently 20% below what the actual price is where WCC sell. Its also based on higher energy costs than currently are actually in effect. Therefore certainly upgrades are possible for 2010. For 2009 I would just like them to get near to the 77p, so around 73p or a bit more. For 2010 we could see 120p EPS or more. With the current price of 250p they are on just over a 2010 PER of times two. Far too low given the recent IPO's in Hong Kong. So certainly ten pounds a share is a more fair valuation, and there is potentially lots more upside to come as people come to realise just how cheap WCC is, and its cheap but has liquidity meaning its possible to buy large and sell large through a decent stockbroker.

Enjoying a superb long holiday but keep getting alerts about WCC going up leaps and bounds. Nice to see it moving, but its still cheap as chips below 10 pounds, so no reason to get excited yet just keep on holding and adding. Enjoy.

Well worth a read ! http://boards.fool.co.uk/Message.asp?mid=11591272&sort=whole .

I do not hold CHNS anymore, moved it all over into WCC as I think WCC is the best Chinese stock on the AIM, and so lowly rated it should multibag in 2 years. Write up from the CHNS AGM, looks like earnings are forecast to fall from 43p to 40p. http://www.fool.co.uk/news/investing/company-comment/2009/06/17/alices-agms-china-shoto.aspx .

Very good.

Outlook is very exciting as we all know. Taiwan companies see the potential too, the future looks very enticing for WCC and their location and prospects. http://cens.com/cens/html/en/news/news_inner_27765.html Taiwanese Cement Firms Step Up Investments in China 2009/06/01 Taipei, June 1, 2009 (CENS)-- To vie for the business opportunities generated by China`s policy to boost domestic demand, Taiwan-based cement producers are increasing investments in China. Asia Cement Corporation said it would invest over NT$5 billion (US$153.37 million at US$1:NT$32.6) to set up four kilns in China in the next three years. Chia Hsin Cement Corporation will invest over 100 million renminbi to exp........................

Well the confirmation came in. 26th May 09 http://www.investegate.co.uk/Article.aspx?id=20090526153150P95AD It was Gledhill again and now they are up to 24.7% holding of the total issued amount of shares. Comment in the media at the link below : http://www.thebusinessdesk.com/yorkshire/news/12248-c-gledhill-ups-stake.html Someone mentioned Julio was associated with Gledhill, if this is so then it makes it even more apparent that a takeover bid is coming before too long, thats if the continued buying and stake raising was not enough of a heads up. Interesting that Seymour Pierce have just been appointed as Nomad and Broker : 28th May 09 http://www.investegate.co.uk/Article.aspx?id=200905281208459505S Looks like its just a case of waiting to see how much more Gledhill can mop up on the cheap before the formal offer comes in. It would be very good timing by Gledhill, with Rocket Propulsion system sales due to start "taking off" as such in 2009 and contributing greatly in 2010 onwards then it would be wise for them to get an offer in before that becomes apparent. I would imagine the next release of results will be the worst of any future ones, as sales increase later, so some time before, or after the next results might see the final bid come in. Expectations, well certainly over 20p a share IMO, it should be well over 30p or more but we will have to wait and see.

Good news for WCC, as the price of electricity/coal is a major cost for cement producers. Over-capacity and weak prices is excellent for boosting margins, and boosted they should be in 2009 and 2010 at this rate. http://www.mineweb.net/mineweb/view/mineweb/en/page38?oid=83752&sn=Detail Is China headed for coal production overcapacity? China's voracious energy demands notwithstanding, a China Coal Industry official suggests a trend for overcapacity may be emerging. Author: Dorothy Kosich Posted: Monday , 25 May 2009 RENO, NV - The deputy director of the China Coal Industry Association says "weak demand has resulted in a clear trend for overcapacity" in the country's coal industry. The nation's coal production incre...............

1.7m trade at mid price. Yet more Gledhill buying ? There must come a time when they will launch a bid if its them again adding yet more.

Strong again today. When you look at the development of "expressways" in China (which in the UK would be classed as motorways) its quite staggering. Again a benefit here is that expressways are now being built more so in central and western China, along with lots of cement roads replacing mud ones, and so, being in the right place where the demand is, a company like WCC can grow very strongly in the coming years. Historical Development of Expressway Length in China Year Distance (KM) 01-01-1988 0 01-01-1989 147 01-01-1990 271 01-01-1991 522 01-01-1992 574 01-01-1993 652 01-01-1994 1145 01-01-1995 1603 01-01-1996 2141 01-01-1997 3422 01-01-1998 4771 01-01-1999 8733 01-01-2000 11605 01-01-2001 16314 01-01-2002 19453 01-01-2003 25200 01-01-2004 29800 01-01-2005 34300 01-01-2006 41005 01-01-2007 45339 01-01-2008 53913 01-01-2009 60346 01-01-2010 65000 (projected)

Nice to see this one still rising. I sold out my main holdings in the 70's and 60's on the big rise (after getting in on the low 30's it just had to be done locking in over 100% gains), and dumped the scrip awarded shares last week, so presently all out. Lots of speculative buying ahead of any court case judgement, but of course if one is not forthcoming the hot money will depart again just as fast, so will watch with interest.

Outlook statement from China Shuangji Cement's final results which were released on last Friday : <i>Business Outlook: The Company is currently building a new 1 million metric ton cement plant outside Zhaoyuan City to replace the old Zhaoyuan plant and will be completed in July 2009. The Company acquired fifty-one percent ownership in a 300,000 metric ton plant in nearby Longkou, Shandong in April 2009 and will upgrade capacity to 500,000 metric tons by July 2009. "<b>We foresee positive business sales in the fiscal first quarter and beyond due to the Chinese Government decision to shut down a collection of small cement plants by the end of 2010 and the Chinese Government's recently announced 4-trillion-RMB ($586 billion) economic stimulus plan. This will result in expanding our cement market and increased commodity price for cement," stated Mr. Song. </i></b> Which confirms that the government is actively shutting down smaller and polluting cement producers (ones which also produce inferior grade cement) and they are encouraging the growing producers who utilise new plants and new cleaner technology. Which is why WCC is forecast to make over 100p of earnings in 2010, and much higher levels again in 2011 when all the plants presently planned contribute to a full year of revenue and profits. WCC will continue to grow their output as demand is robust from not only continued construction projects, but also the shutting down of

Alan Gibbs at Waverton appears very bullish on West China Cement (WCC). I agree with him on this company, perhaps not on some of his other views. http://www.citywire.co.uk/adviser/-/news/fund-manager-views/content.aspx?ID=340459&Page=2 http://www.trustnet.com/News/Printable.aspx?scope=Offshore&id=36568 .