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Gts Chemical Holdings Ord Gbp0.01

17:15 on 05/08/2016

Current Price 47.00p | Bid 0.00p | Ask 0.00p | Change 0.00%

Company Overview

GTS Chemical Holdings plc, or together with its subsidiaries, the 'Group') is a Jersey holding company whose sole operating subsidiary Shandong Tiantai Steel-Plastic Co., Ltd, is an established, profitable and fast growing business, based in Shandong Province in China. The Group's principal activities are production and distribution of specialty ammonium based chemicals, manufacture and distribution of lubricating oils and trading of recarburizer. Shandong Tiantai is the largest manufacturer of ammonium sulfite and the second largest producer of ammonium bisulfite in China, representing 34.8% and 12.5% respectively of Chinese output in 2013. Ammonium sulfite is a specialty chemical that is manufactured in liquid and solid forms and used in the pharmaceutical, food, chemical engineering and paper making industries. Shandong Province is one of the largest provinces in China, ranked by GDP. Shandong Province is rich in downstream industries, and occupies the top position nationally for production output for the chemical engineering, paper pulp, food and pharmaceutical industries, and the second position nationally for paper output. The Group's location has been important in building and maintaining relationships both with customers and suppliers of raw materials. The Group's largest customer is located approximately 10km away from the Group's operations. The Group is expected to benefit from the growing awareness of environmental and pollution issues in China. In the specialty chemicals segment, the Group recycles waste materials from local coking and fertiliser plants, utilizing these in its production processes. Waste sulfur formed approximately 93% of the segment's sulfur purchases by weight in 2013. This provides a significant raw material cost advantage. Shandong Tiantai's revenue has grown significantly, from RMB 174.2 million in 2011 to RMB 482.9 million in 2013, a compound annual growth rate of 66.5%. Over the same period, gross profit has risen from RMB 36.7 million to RMB 102.4 million, a compound annual growth rate of 67.0%.

Stock Details

Shares in Issue 102,313,056
Market cap £ 49.62m
Sector Chemicals

Financial Highlights Year Ended 31/12/2015

Turnover £929.91 million
Operating Profit £147.23 million
Dividend Yield 0.00
Dividend Per Share 0.00
Dividend Cover 0.00
P/E Ratio 42.92
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Price Summary

Mid Price ? 0.00p
Bid Price ? 0.00p
Ask Price ? 0.00p
Volume ? 0
Change Today 0.00p
% Change Today 0.00%
Open 0.00p
Previous Close 48.50p
Intraday High 0.00p
Intraday Low 0.00p
52 Week High 85.00p
52 Week Low 45.00p

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Broker Consensus

The above information represents a selection of the views and target prices published in the last 120 days by analysts in individual stocks. It is subject to change without notice and may not necessarily be the view held by Redmayne-Bentley.

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