Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
If you are a good Chinese company you list in Hong Kong or Shanghai because it is easier to raise money, here is liquidity in your shares and ratings are higher. If you are a piece of Junk (geddit?) you list on the AIM Cesspit. Time and again it is the same old story. Today’s catastrophe is Bodisen Biotech (BODI) – which Chinese POS will be next?
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Comments
Alan
AiM is fast becoming a joke for Chinese companies to list on. From across the pond they can fiddle the accounts to whatever tune they want and us gullible Brits will buy into it. I;m glad you wrote that article Tom, have you found any decent Chinese companies listed on Aim yet?
wildrides
Pass the barge poles out .
the red carpet obviously needs to be shorter and then we wont get China sending trade missions peddling this kind of shite .
J P Spaghetti
I think Haike are interesting. I sold my small holding prematurely a couple of years back after getting in at the low 20s and missed out as the SP increased rapidly about 5x. What’s interesting is that, as I recall, this rise seemed to take place in the absence of any conspicuous ramping. Back down to these levels but following recent streamlining of plant and processing – don’t know – could be one for the bottom drawer.
J P Spaghetti
Wasn’t attempting to ramp Haike, by the way, as I’m not longer invested. Besides, as their free float is only 30-something% of the total, not sure how effective ramping by anyone would be.