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. . . The time was right on the 30th of January when the sp was 30p.......But I am confident that you will still score...... GOOD LUCK.
Been skirting round the edges of this one for ages now but have nibbled my way in this morning - felt like the time was right......
Interim results to be announced friday the 24th of Feb- the time to get in is now Riddler, good to see you here, get in buddy )
Absolutely agree! At three times earnings excluding the hige cash pile, this is going to ricket significantly any day. Lets not also forget we have a circa 4% yield which is well covered and safe - for any AIM stock this is great. Could be a takeover target in china if these levels persist.
IMO one of THE best investment cases on AIM right now. As with most other shares, the price just kept on going down in the second half of last year. Then, by the end Sept- that Chaoda rubbish report which took us down to about 30p. Ridicilous! But that's not the end of it. How come that; as the DOW & FTSE picked up from the first of December last year, ACHL kept going down? How come we were on the market's "ignore list?? I still don't get it! see chart http://screencast.com/t/xPAQXppG1g We are due a major upward correction for 3 reasons- 1. We shouldn't have been at this price in the first place! Look at the comp's financials http://screencast.com/t/KRykbu7Au then read the RNS's, especially the voluntary announcement of 6-10-11 That'll give you a good idea of what ACHL is about and where it's heading in the strongest growing economy in the world and in their sector. Mulledwine gives a good summary in his posts of 28 Dec. This is a cash rich company with superb management and growth potential- See Babbler's post re growth on 19 January "Significant Increase". Is this company worth 40p/share? what about the broker price target of 90p+ Is that realistic? I personally think it needs an update. 2. As said before- ACHL kept going down as the markets went up from 1st of Dec-11 A correction is due now- "The Market" if you're listening... you can apologise by taking us next week Monday/Tuesday up to 60p for starters. )) 3. News due shortly- The half yearly report was out in 2011 on the 25th of Feb, in 2010 the 16th of March I'm no chartist at all- but here is the Picture as how i see it. http://screencast.com/t/9g77cJdQK9ut comments/advice welcome re the chart effort. Atb & good luck all B
When I posted esterday I hadnt seen the full page spread on Asian Citrus in Investrs chrinicle. It is a really great and more detailed summary of the company and why this is wholly undervalued. EPS likely to be 13p so is trading at 3 times earnings. But Cash is currently 19p of th share price!! Equally, what I always forget about companies like this is that when the trees mature (and many will be on this announcement) they will get an uplift on the balance sheet to reflect this as the tree is fruit producing. this is a great investment IMO and with the certainty of good news based on the 19th Jan RNS im really happy to be in here. Topped up at 40 p yesterday.
yeah i agree, nothing but good news from this company from since I've been in and SP kept falling. think its a realisation of value and hopefully the fortunes will turn!
its great as well as they have already issued an RNS on 19th Jan to state that the results with significantly exceed market expectations both on turnover and profit!
I bought more today at 40p. No brainer really on results and fundamentals.
Either of you guys know when the results are due? Thinking of buying another load to average down before a rise.
Indeed - stright up to 50p next week. What is the exact date of results?
Good volume,nice rise,with results looming,could this be the rise in the SP we have been waiting for? been long overdue.
Thats interesting, the ticker isn’t working properly on this so all trades are showing as sells. I bought in 2 tranches today – to I suspect many trades here are buys. Very cheap, absolutely solid earnings and unusually strong covered dividend. Should see this double in a few weeks. We already know final results are way ahead of expectations.
Thanks for the update, when are the results out and where did you find that? I'm like you 345f and have been waiting for an increase for a while, this would be a high flyer if it was based in the uk. Such strong news from every RNS and such little reaction from the market. Think it is only a matter of time before a realisation and revaluation occurs, but thats my opinion.
thank you BABBLER for your info. i am surprised that this share has not done better , good crops and results i bought them at 50p so i am down 30% Maybe long term investment Good lucj
The Board of Asian Citrus wishes to inform shareholders and potential investors that, based on the preliminary assessment of the unaudited management accounts of the Groupfor the six months ended 31 December 2011, the Group is anticipated to record significant increases in its turnover, cash generated from operations and core net profit before net gains on change in fair value of biological assets and share based payments. The improvement in the Group's turnover, cash generated from operations and core net profit before net gains on change in fair value of biological assets and share based payments is mainly attributable tothe following factors: (i) the 19.4% increase in winter orange production for the six months ended 31 December 2011 as stated in the Company's announcement dated 9 January 2012;
Good news on the growth in output for Asian Citrus again this winter. Nothing but good news from this business and a Seymour Pierce target of 90p and still no movement. I have been here since 52p after investing in what I considered to be a model company within the sector. I am at a loss as to why there has been such low movement if this share. Yet again, a good volume today with 3 times as many buys. Apart from the lack of confidence in China based business, does anyone else have a good explanation why the business is performing well but the business isn't?
Asian Citrus Holdings (ACHL), China's single largest orange producer, announced that its total winter orange crop yield was 171,607 tonnes, representing an increase of approximately 19.4% on the 2010 winter crop. The Hepu plantation saw production slip 11.1% to 44,906 tonnes, due to an ongoing replanting programme, which has seen almost 64,000 winter orange trees replaced with summer trees. Output at Xinfeng meanwhile rose 36% to 126,701 tonnes, as an increased number of trees were mature enough to bear fruit. The shares rose 2p to 38.25p.
Recent Developments In September, shares in the company lost around a third of their value in just 2 weeks. This was in reaction to a report from maverick journalists, Anonymous Analytics, which highlighted the company's link with Chinese business Chaoda Modern Agriculture. Anonymous claims that Choada has misled shareholders on a number of issues and has committed several fraudulent acts. This did not go down well in the markets due to the fact that Choada is a 13% shareholder in Asian Citrus, the company buys fertiliser from Choada and one of Choada's executive directors, Ip Chi Ming, is a non-executive director of Asian Citrus. Asian Citrus reacted by releasing a lengthy document in response to a number of questions raised on the back of the report. The main points were that the fertiliser contracts are done on an arms-length basis and that Ip Chi Ming does not participate in the daily management of the company - and since he is one of 11 directors he can not exert undue influence. In a further move to improve its corporate governance standards Asian Citrus has since decided not to renew its fertiliser supply agreement with Chaoda when it expires on 30th June next year. This is not expected to have an impact on the finances as sufficient organic fertilisers can readily be sourced from other independent suppliers. Overall, while Ip Chi Ming remains a board member, we believe that Asian Citrus has dealt with the situation well, showing that it is willing to discuss contentious issues with the markets and is committed to improving its corporate governance. Recommendation The current financial year is set to be another record breaker, with the firm being very well positioned to take advantage of a growing demand for oranges and other fruit based products. The market for fresh fruit in China continues to grow at an astonishing rate as the population draws ever closer to 1.4 billion and as the economic development of the country sees a widening, health conscious, middle-class consumer base. For this reason, fresh fruit prices are destined to continue the trend recognised over the past few years, increasing at a rate double that of inflation. In addition, the group's strong cash position and debt free balance sheet allows for significant investment in continued expansion, through the purchase of new land to increase orange production and the acquisition of smaller competitors and potential synergetic companies. Stripping out gains from biological assets, the underlying historic price-to-earnings ratio is around 6 times at current exchange rates, hardly a demanding rating for a solid growth company. Broker Seymour Pierce holds a 90p price target on the group, and expects earnings per share to grow by 15% this year. Furthermore, the 0.15 RMB (1.4p) dividend offers a useful 4.1% yield. BUY.
Buy Asian Citrus at 33.75p say the team at Small Cap Shares Asian Citrus was first tipped in the newsletter at 15.4p back in February 2009. The firm has made great operational progress since then and has managed to maintain its position as the largest supplier of oranges in China. Its flagship assets are the Hepu and Xinfeng plantations, which between them have nearly 3 million orange trees. The firm recently began work on constructing and planting on a third plantation in Hunan province, where 1.8 million orange trees are to be planted, with the first harvest expected in 2014. Since our original tip Asian Citrus has also expanded its operations into the concentrated juice market after buying Beihai Perfuming Garden Juice in November last year. Financials Results for the year ended 30th June 2011 once again broke all records. Revenues for the period rose by 73.9% to 1.41 billion RMB (£136 million), boosted by the acquisition of Beihai, an increase in the number of orange-bearing trees to 2.7 million and an appreciation in the average selling price of oranges of 10%. Pre-tax profits rose by 90.9% to 1.12 billion RMB (£108.2 million), boosted by a 589 million RMB (£56.5 million) increase in the value of biological assets and an improvement in gross profit margins. The final dividend remained at 0.1 RMB and combined with the interim dividend and a 0.03 RMB special payment represents a 25% increase to 0.15 RMB (1.4p per share). Cash and cash equivalents rose 128% to 2.2 billion RMB (£218 million) and the firm was practically debt free at the period end.
RNS Number : 2231U Asian Citrus Holdings Ltd 19 December 2011  19 December 2011 Asian Citrus Holdings Limited ("Asian Citrus" or "the Company") Issue of Ordinary Shares pursuant to Scrip Dividend Asian Citrus announces the issue of 9,456,219 New Ordinary Shares of HK$0.01 each in the Company ("Ordinary Shares") pursuant to shareholder participation in the Scrip Dividend announced on 18 November 2011. The offer price for Ordinary Shares is HK$5.358 (equivalent to approximately GBP0.4339, based on the exchange rate of GBP1:HK$12.3475 with reference to the website of the Hong Kong Association of Banks on 15 November 2011). The offer price is the average closing price of the shares of the Company for the five trading days starting from, and including, 9 November 2011, being the last day the shares are traded cum-dividend on the Hong Kong Stock ExchangeLimited. Application will be made today to the London Stock Exchange and Stock Exchange of Hong Kong Limited ("SEHK") for the New Ordinary Shares, which will rank pari passu with the existing Ordinary Shares in issue, to be admitted to trading on AIM and Main Board of SEHK. Admission of the New Ordinary Shares is expected to become effective on 30 December 2011. For further information contact: Asian Citrus Eric Sung, Finance Director +852 2559 0323 Seymour Pierce Limited Nandita Sahgal, Jonathan Wright (NOMAD) 020 7101 8000 Richard Redmayne, (Broking) Weber Shandwick Financial Nick Oborne/John Moriarty/Stephanie Badjonat 0207 067 0700
RNS Number : 9501S Asian Citrus Holdings Ltd 29 November 2011 For immediate release 29 November 2011 Asian Citrus Holdings Limited ("Asian Citrus" or "the Group") SHARE REPURCHASE This announcement is a disclosure made by Asian Citrus Holdings Limited (the "Company") to provide its shareholders and potential investors with update information in relation to the development of the Company. Pursuant to the repurchase mandate granted to the Board at the annual general meeting of the Company held on 8 November 2011 (the "Repurchase Mandate"), the Company repurchased 500,000 of its own shares on The Stock Exchange of Hong Kong Limited on 29 November 2011, at the highest and lowest price of HK$5.00 (GBP0.4149) and HK$4.89 (GBP0.4057), respectively (the "Share Repurchase") for cancellation. The aggregate consideration for the Share Repurchase is HK$2,471,490 (GBP205,060) and was funded from internal resources of the Company. The shares repurchased by the Company represent approximately 0.04% of the existing issued share capital of the Company. Up to the date of this announcement, the Company has repurchased a total number of 1,500,000 of its own shares. Upon the cancellation of the repurchased shares, the Company will have ordinary shares of 1,218,595,963 in issue. The Company may make further repurchases according to the market conditions, but in any case, the aggregate number of shares already repurchased and shares which may be repurchased will not exceed 121,315,696 shares according to the Repurchase Mandate. Shareholders and investors should note that any repurchase of shares made under the Repurchase Mandate will be subject to market conditions and the applicable rules under the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited and AIM Rules and will be at the Company's management's absolute discretion. There is no assurance of the timing, quantity or price of any share repurchases or whether the Company will make any further repurchases at all. Shareholders and investors should therefore exercise caution when dealing in the shares of the Company. For further enquiries please contact Asian Citrus Eric Sung, Finance Director +852 2559 0323 Seymour Pierce Limited Nandita Sahgal, Jonathan Wright (NOMAD) 020 7101 8000 Leti McManus, Richard Redmayne, (Broking) Weber Shandwick Financial 020 7067 0700 Nick Oborne, Stephanie Badjo
Yes that plus Achl buying back own shares and chaoda selling a large part of theirs
is that a good or a bad thing? 'scuse my dimwittedness
Wondered if any one has view on latest rns s released, that they may like to share,