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Filthy Forty Haike Chemical – the long goodbye

2018-03-16 01:18:58

Anyone foolish enough to be a shareholder in AIM-China play Haike Chemical (HAIK) has until 1pm today to accept an offer for their shares at 30p. An EGM on 12 March passed resolutions to delist from the Casino, the execution scheduled for close of play on 19 March.


ShareProphets China AIM 'Filthy Forty' update – HaiKe 'geong, geong' & soon to be gone edition

2018-02-21 08:37:43

Previously updating, we noted HaiKe Chemical Group (HAIK) potentially in the 'geong, geong' stage. There has since been developments - and what does the 'Filthy Forty' look like now?...


Haike Chemical – doop, doop, doop,…..another one bites the dust

2018-02-16 08:10:53

And so the ShareProphets AIM-China Filthy Forty will be down to just 7 members after Haike Chemical (HAIK) confirmed its previous suggestion that it may delist. The EGM is set for 12 March (in China, even though the parent company is registered in the Cayman Islands and listed on AIM), at which time we can wave bye-bye to another Chinese value destroyer.


Haike Chemical – another Filthy Forty death on the way

2018-01-16 04:27:23

ShareProphets AIM-China Filthy Forty member (pro tem) Haike Chemical (HAIK) issued a trading update for full year calendar 2017 at 10am this morning. Uh-oh….


Filthy Forty Haike Chemical – first out of the traps this week with interims. Red Flags for breakfast?

2016-09-27 03:58:10

Well done to ShareProphets AIM-China Filthy Forty play Haike Chemical (HAIK) for being first to stick its head above the parapet this week with the release of its interims to June. One down, nine to go. The PR reads well enough: profitable for the half, lots of cash in the bank. That’s the spin – but what about the Red Flags – such as negative net current assets?


Filthy 40 Haike Chemical – yet more Red Flags as it admits 50% overstatement in trading update

2016-09-06 04:33:19

ShareProphets AIM-China Filthy Forty play Haike Chemical (HAIK) took the biscuit this morning with an update that its last trading statement was just sheer hogwash. If it was uninvestable before, finding out that an “administrative oversight” led to a 50% overstatement of revenue which has taken almost seven weeks to come to light ought to have investors shying away from their bargepoles even if wearing asbestos gloves.


Haike Chemical - Any more Red Flags for Tea Vicar?

2016-08-17 04:15:31

Shares in Haike Chemicals (HAIK) have more than trebled since the spring but do not get suckered in as this is almost certaintly just another common or garden AIM listed China Norfolk. I am grateful to a correspondent in China who writes:


China fraud: Haike Chemical loses CFO. Uh Oh…..are we on a familiar path to oblivion?

2016-07-20 00:12:46

Oh dear. One of the traits of the China Frauds is that so often the precursor to the wheels coming off the subterfuge is the resignation of the finance director. And so this morning’s announcement from ShareProphets AIM-China Filthy Forty play Haike Chemical (HAIK) that its Chief Financial Officer stepped down on Monday with immediate effect “for personal reasons” is a stand-out Red Flag. So is the tardy announcement.


Haike Chemical – another AIM-China Filthy Forty member releases Interims

2015-09-25 03:40:49

The ShareProphets AIM-China Filthy Forty is having an amazing week. We’ve had all manner of nonsense, from AIM failing to boot off Global Market Group (GMC) after being without a Nomad for a month until three days late, Geong (GNG) shares collapsing after a (derisory) take-over fell apart, a fantasy world presented by Vmoto (VMT) as it sold off a division on a PE of about 1 to the same people it bought it from and joke interims from JQW (cash pile mounting but dividend binned) and this morning Jiasen (cash pile mounting, dividend chopped by two thirds). And we have also had interims from Haike Chemical (HAIK). 


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