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it's a big drop... buying opportunity?.. or will it drop more?...mmmmm, bought 14k wsg btw..
i just topped up yesterday with spare funds in anticipation... ffs! lol
didnt have time yet to check article, but here is lengthy comeback from ACHL http://www.hkexnews.hk/listedco/listconews/sehk/2012/0222/LTN20120222113.pdf
good morning riddler... what's the situation here?..
also just had a quick scan through it- not sure if i should sell for buy back later or is this as far as drop will go?
I'd throw my dog in on a bet that it's shorters with deep pockets thats been shorting ACHL the whole of last year- and evertime just as good results are about to released, they pull a blinder with one or other rumour to protect their shorts! If I had a missus I'd throw her in as well!
it sure would buddy- but thats not the biggest problem, everytime such sh.it gets published- confidence in ACHL takes a fkn knock back again longer term! look at the effect of the Chaoda incident! it is as if some is out to deliberately do the company damage ffs!!
Do you reckon it'll open 10% down then?
may ACHL sue that f0kk1n magezine to hell and back!
http://www.quamnet.com/newscontent.action?articleId=2181861&listSectionCode=NEW_REST Asian Citrus (00073): Next mag not factually accurate 13:51 Infocast (Infocast News) Asian Citrus Holdings (00073) ASIAN CITRUS(73) Quote | News | Profile Last: 4.21 -0.65 -13.4% 22/02/12 15:07 15 minutes delayed Loading - Add to Portfolio - Add to Watch List - Business Review Sponsored by Disclaimers said it noted the decrease in the price and increase in the trading volume of its shares this morning and an article which appeared in the Next magazine today in relation to it. The company emphasized that the contents of the article were not factually accurate and true and clarified that: the group's three plantations occupy approximately 158,000 mu (103.3 square km) of land in total. Hepu Plantation, Xinfeng Plantation and Hunan Plantation have approximately 46,000 mu (30.7 square km), 56,000 mu (37.3 square km) and 53,000 mu (35.3 square km) of land respectively. The company said it leased the land for plantation from the farmer collective in accordance with the PRC Rural Land Contracting Law. The company said it had properly registered all the leases of Hepu Plantation and Xinfeng Plantation with the corresponding Land Bureau. The corresponding Land Bureau has issued the group with registration documents "Certificate of Other Rights on the Land Use Rights" to evidence the legality and validity of the leases. The company said it had very efficient and comprehensive internal control systems to measure and audit its plantations' production and corresponding revenue. The company confirms that the actual production volume and corresponding revenue is consistent with the figures shown in the company's annual reports and interim reports. Asian Citrus is now trading at HK$4.3, down 11.523% with turnover amounted to HK$58.47 million. Share :
... or will be this morning, for my usual tuppence. Like the sound of this, and the bb (thanks zigstock for your useful info). Perhaps a little late but a 4% divi isn't too bad I figure... rgds
16percent down over night ?
It's one thats been on my watch for quite a while. Just needed it to stabilise a bit after the Chaoda news etc. The management certainly seem to be switched on and the market going forward offers plenty of opportunities for them. Always helps to get a perspective from a holder. GN
Your take on the charts really appreciated, I still feel my way around- but enjoy doing it, so I'm taking onboard the W formation. Any website i can take a look at re charting? Ridingwaves- cheers buddy, once a while I do get something right! ) That apart, been in and out of ACHL since september last year and very very confident- especially in manegement. IMO one of the best run companies on AIM- Cash rich and fast growing. We are very lucky to get the opportunity to top-up or buy in at 40p levels thanks to that Chaoda f.up last year. Atb and good luck! )
I meant an AIM that qualifies for ISA through dual listing.
Certainly nice to see an none commodity AIM share with the fundementals that this one has. There are not many around. Great to see large cash position and liquidity which should protect to a degree any adverse reactions in the generl market. Always reassuring to see such an experienced poster investing.
Nice chart posted Saturday. It now broken through that upper resistance level. Should now hopefully rise further.
I hear u pal.. I've got about 2k left to invest.. I'll see how WSG opens tomorrow, both are too good to miss IMHO. Might go 50/50 lol!
Will be in tomorrow here instead of WSG I think.. Thanks for the post earlier :)
Good info there pal.. I'm looking to buy in tomorrow and it all helps.. Much appreciated
60p possible short term? http://screencast.com/t/Cnl7fD9T Riddler- I want mm's to hit the gas and keep the revs high buddy... not just foot off the brakes! ))
During the winter growing season, up to December 2011, orange production at Asian Citrus's two producing plantations rose by 19 per cent, with selling prices up 3-4 per cent. And the company still has plenty of production growth built in. Its Hepu plantation is fully planted, with 1.1m trees, but undergoing a replanting programme. While at the Xinfeng plantation just 1.2m of its 1.6m trees are currently producing, with the balance maturing. It is a similar story at the Hunan plantation, where only around 500,000 of the planned 1.8m orange trees have been planted. A shift in the classification of Asian Citrus's trees from young to mature will produce more so-called 'biological gains' on paper when its interim results are announced. Despite that, its trading results are expected to show a strong increase in profitability. And there are 'value' credentials on offer: Sue Munden, an analyst at broker Seymour Pierce, which advises Asian Citrus, calculates the net asset value of the company at 65p a share and points out the healthy cash balance of almost 19p per share as another source of comfort.
ASIAN CITRUS HOLDINGS (ACHL) ORD PRICE: 37p MARKET VALUE: £454m TOUCH: 36-37 12 MONTH HIGH/LOW 82p 28p DIVIDEND YIELD: 4.8% PE RATIO: 3 NET ASSET VALUE: 62p NET CASH: £226m
Graeme Davies Investors' sentiment towards Chinese orange grower Asian Citrus was walloped last year when a major shareholder and associate, from which it was contracted to buy fertiliser, was hit by insider dealing allegations. Although Asian Citrus has distanced itself, investors remain wary despite a strong trading update in January. But this leaves the share price offering a tempting entry point for a company that has a solid operational record and the potential for significant growth. Asian Citrus was hit by its association with Chaoda Modern Agriculture which, last September, owned 13.4 per cent of its equity and supplied around a fifth of its fertilisers. The companies also had a non-executive director in common. When two Chaoda executives were investigated for insider dealing by the Hong Kong Stock Exchange investors dumped Asian Citrus shares. But Asian Citrus's bosses have said they won't renew the fertiliser agreement and encouraged Chaoda to cut its holding, which is now down to 5 per cent. The company also countered allegations spread on the internet that its operations were not as substantial as its filings suggested. Yet analysts who have visited Asian Citrus's plantations maintain their confidence in the company. Coupled with investors' nervousness towards risky emerging market stocks during the latter months of 2011, the net result was a sharp fall in Asian Citrus's share price. But this has created a buying opportunity for risk-seeking investors, especially as a trading update in January reported that production and selling prices are running well ahead of last year. The company will also benefit from a full six-month contribution from its Belhai juicing business compared with just one month in the previous first half.
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