A Virgin Trader

If you bought West China Cement (WCC) shares in the early part of this year and your still on board then it has been a profitable ride. WCC a small Chinese cement company that is listed on the AIM has seen a steady climb across the year on some very strong figures.

Back in January along with most other companies, its shares were bouncing along the bottom at 59.00p rising to around 480.00p in October. Now that is a good return by anyone’s standard. Add the recent news that West China Cement has submitted a listing application to Hong Kong’s stock exchange, aiming to raise more than HK$7 billion ($903 million) in 2010 (according to Reuters) then the news should get even better.

Recent large investors include AXA Investment Management who has added (Zhang Jimin’s) West China Cement to their emerging-markets talents fund.  The fund consists of a shortlist of 400 entrepreneurial companies (according to Asian Investor).

Virgin

Tags: WCC, West China Cement

After recent rumours that West China Cement [WCC] might be seeking a full listing on the London stock exchange, it seems they have decided instead to list it’s shares in Hong Kong and will review its AIM listing.

According to chairman Robbe Robertson (I thought he was guitarist with the now defunct ‘The Band’ – that brings back good memories.) West China Cement, based in China’s Shaanxi province, will be ‘better positioned and understood’ in Hong Kong than on the AIM.

Floated on AIM at 105p in back in 2006, WCC have done well, aside from a massive share price fall from 250p to 48p, due to problems with flooding.  With the all encompassing recession the price is now 476.50, at close on Friday.

As a virgin shareholder in WCC, (bought in July at 143.00p, then sold for a virgin profit in Aug before buying back in on falls in Sept) what does this relisting mean for us?

If you have any thoughts on this let me know.

Virgin

Tags: WCC, West China Cement