I’ve been following Haike for the Last year or so and believe it or not I was going to post an article on them yesterday re’ the recent upbeat trading statement. “Calumny!” I hear the nutters shout!
However the recent trading update looks very good for the company and they have risen quite substantially now over the last two days. But they are still way below this years high of 49p.
It’s worth noting that they have traded in excess of 160p back in 2007/8 and it looks and feels like that there is a general sense of optimism regarding the recovering SP. Haike are a petro/biochemical company.
It may be of interest to all the avid China watchers currently gnashing their teeth searching for company’s on the rebound as Haike operate from China and China as we all know are one of the powerhouses that drive the Global Economy/Recovery.
Haike’s half-yearly report and their trading update make interesting reading and would suggest that the worst of their problems are well and truly “under manners” They are currently up 30% with a crippling spread so caution is the watch-word.
An interesting company to watch-list and research and remember this Blog NEVER tells investors to buy or sell we form an opinion and hope that some can then use that opinion as a pointer to assist them in researching if they so desire.