It is in German, so I will translate the interesting parts.
At first I thought it must be an old brochure, however its from October 2012.
Lets see the interesting parts:
It is about the company Asian Bamboo (AB), which engages in bamboo forestation. The text describes AB as "showpiece security regarding financial development, public relations as well as share performance."
Since I know AB a little, I thought this is a joke.
Here is the chart regarding the stock and and extract of the earnings per share
Regarding public relations: Deloitte took over the mandate from BDO 2010. Shortly after that they had to change the method of accounting for rented bamboo forests (before they activated the whole DCF they expected over all 20 years of leasing- through net income of course).
So not the best example to advertise with in my opinion, which leads us to the question: Are there better alternatives to showcase?
| Industry | IPO date | Performance since IPO | Volume Mio EUR | |
| FIRSTEXTILE AG | Textilindu.. | 12.11.2012 | 2,00% | 1,8 |
| FAST CASUALWEAR AG | Bekleidung.. | 09.07.2012 | -57,60% | 5,3251 |
| GOLDROOSTER AG | Bekleidung.. | 18.05.2012 | -54,63% | 23 |
| HAIKUI SEAFOOD AG | Nahrungsmi.. | 15.05.2012 | -28,00% | 2,76 |
| ULTRASONIC AG | Bekleidung.. | 09.12.2011 | 16,67% | 6,3 |
| YOUBISHENG GREEN PAPER AG | Papierindu.. | 13.07.2011 | -19,39% | 1,4151 |
| CHINA SPECIALTY GLASS AG | Baumateria.. | 01.07.2011 | -68,90% | 23,85 |
| UNITED POWER TECHNOLOGY.. | Maschinenbau | 10.06.2011 | -58,24% | 51,75 |
| POWERLAND AG | Sonstige B.. | 11.04.2011 | -59,09% | 94,875 |
| KINGHERO AG | Textilindu.. | 06.08.2010 | -34,87% | |
| JOYOU AG | Möbel und .. | 30.03.2010 | -38,62% | 91 |
| VTION WIRELESS TECHNOLO.. | Telekommun.. | 01.10.2009 | -60,55% | |
| GREATER CHINA PRECISION.. | Telekommun.. | 20.11.2007 | -72,90% | 28,5 |
| ASIAN BAMBOO AG | Holzindust.. | 16.11.2007 | -67,34% | 82,586 |
| ZHONGDE WASTE TECHNOLOG.. | Entsorgung.. | 06.07.2007 | -94,17% | 94,6234 |
Median performance is -57,6%, arithm. middle -46,4%. Except Ultrasonic and Firsttextile there is no positive performance, both have a short track record.
Firsttextile offered 4 Mio shares at range 10-14 EUR, sized down to 1,8 Mio shares sold at 10 EUR.
So situation is pretty bad, there is a lot of resentment towards Chinese stocks in the German market.
In the text from Deloitte above the last sentence about what makes Germany a good place to IPO is also interesting: "The expected good enterprise valuation together with relatively little requirements regarding the listing made the German location attractive"
Stupid German money meets little regulatory oversight....
At least the stupid money part should be gone now, although there are still some China shops trying to go public here the "success" speaks for itself (see above).
So the days of big business are over - sorry Deloitte Chinese Service Group.
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