Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Saw an article in the times a few weeks echoing what you say. I invested on the back of that and a bit of research. Only a matter of time before things pick up again.
No debt, simple company, Great earnings great management, dividends !! MASSIVE GROWTH COMPANY!
positive mention on bloomberg
Lets hope this continues..........if we break the 50p mark could see further gains all the way up to the 75p mark!! GL ALL
Gap filled as i see it- http://screencast.com/t/iQib6rro - My guess is that we may see stronger markets(DOW, FTSE) this week, therefore optimistic that ACHL will perform a bit- just need decent volumes. Atb B
. Over 2 Million shares bought today and still the SP goes down........ Crazy
Yes, it seems like that as we're now back in the mid 40's. What's bothering me a bit is that the FTSE & DOW were all over the place today looking for direction(will see how the DOW do towards close- choppy now) - as well as the fact that the sp gapped up today, usually a gap gets filled so we MAY see a drop tomorrow or later in week- I hope not! The bigger picture however looks very good fundamentally as well as TA wise. Atb B Ps.. Off topic- any perhaps in BEM or NAD? looks tempting to me.
has turned for ACHL. Maybe the whole affair was overblown.
Strong buying on good volume today- FTSE showing a lot of confidence- up 1% Up 11.4% now - ratio; buys 79.9% - sells 17.7% - unknown 2.4%. - Finbarr, I was only joking, but well done with your top-up on thursday last week :) 354F, yes- that should put the Chaoda debacle to rest indeed. Upside of that obviously an excellent entry- top-up opportunity
Fertilizer contract cancelled with CHAODA Group . , May help restore some confidence with good outlook
"375’000 @ 37.25 showed up- and Thursday 2 x 250’000 @ 41p (was that you finbar?)" --- I wish!!
..Friday, after hours, a late reported buy of 375’000 @ 37.25 showed up- and Thursday 2 x 250’000 @ 41p. (was that you finbar?:)) I won’t be much surprised to see a “directors shareholding” or “holdings” RNS. Best of luck, B
A few highlights from RNS re growth expectations >>In FY 2012, we expect there will be continued growth in the production volume of oranges benefiting from the increasing maturity of our Xinfeng Plantation and the full year's trading results of the fruit processing business will be consolidated into our Group for the first time. To that would be added, any price increments.. >>We expect to increase our direct sales to supermarkets in order to achieve a better margin as a result of the higher selling price. The larger the direct sales to supermarkets, the better the profitability and margin for Asian Citrus. >>The total orange consumption in China increased with a CAGR of 10% from 2008 to 2010 according to USDA. In such a fragmented market with sustainable growth in consumption, we are very optimistic about the growth potential of the orange market.. >>Q- You have HKD2.2bn in cash. Given the fall in your share price would you consider a buy back? >A- All our cash are kept in China and Hong Kong with major banks such as China Construction Bank, Industrial and Commercial Bank of China and Nanyang Commercial Bank where we have full access and absolute control over such bank balances. A shareholders' mandate for share buyback was granted at the last AGM in 2010 and we are actively considering buyback of shares when the expected returns from share buyback exceed the returns we can reasonably anticipate from new investments.. >>In FY 2012, the major capex would be the continuing investment in the Hunan Plantation and the investment in the new juicing facility in Baise city of Guangxi Region. We are also on the lookout for potential acquisitions. This latest announcement from ACHL speaks of a cash-rich company with superb management and excellent growth prospects. It’s almost unthinkable that such a company’s sp sit at just over 37p today, compared to a high of 89p in January and broker targets of 90-99p. Of course a big part of that fall was due to general market sentiment. I totally underestimated the effect Shorters had on the market as evidenced in previous post- This could explain perhaps the appearance of “Anonymous” accusations as well as BB posts saying our figures are “too good to be true” etc. IMO it would not be that wise to go short on ACHL now. All said- it looks as if market sentiment is turning globally with world markets bouncing of a 15 month low and Hong Kong off a 29 month low. The debt crises is far from over, but I think the market is fed-up with doom&gloom and wants to see some optimism again. If this trend continuous, we can perhaps look forward to a more realistic sp from here onwards. I’m hoping for mid 40’s this week but volatility is still high, so one should tread careful re predictions. Under 40p presents IMO an excellent buy-in opportunity- and seems like some bigger boys think so too. Friday, after hours, a late reported buy
Fri Oct 7, 2011 10:31am BST http://uk.reuters.com/article/2011/10/07/markets-hongkong-stocks-update-idUKL3E7L718220111007 >(Updates to close) * Hang Seng Index up 3.1 pct, China Enterprise Index up 3.7 pct * HSI surged 9 pct over 2 days to bounce back from 29-month low on Tuesday * Strength in higher beta names help HSI eke first weekly gain in five * Shorting percentages stay high, but costs rising: analyst >rebound from a 29-month low reached earlier this week. >the benchmark also posted its first weekly gain in five as investors covered short positions on a more stable global market.. >"it's too negative to short the market further unless you expect a total collapse in earnings,".. >"many industries are still seeing double-digits earnings growth, it's too risky to be in a short position when they report earnings later this month,".. ---- MORE VOLATILITY SEEN NEXT WEEK >friday's gains helped reverse a steep decline.. >short selling interest has skyrocketed in the last two weeks, but alan lam, julius baer's greater china equity analyst, said- the rising costs of shorting the hong kong market, because of fewer long positions to borrow from, could also make it more prohibitive.. >The Hang Seng Index had >>HIT ITS LOWEST SINCE MAY 2009<< on Tuesday, bouncing off the 61.8 percent Fibonacci retracement of its rise from lows in Oct 2008 to its cyclical peak in Nov 2010, seen at around 16,148.
Sunday, October 09, 2011 http://www.dailytimes.com.pk/default.asp?page=2011%5C10%5C09%5Cstory_9-10-2011_pg5_23 Shock and awe needed for risk rally >LONDON: After a poor start to the fourth quarter, investors’ mood may be just starting to stabilise after moves by European policymakers to help fragile banks.. >World stocks, measured by MSCI, rebounded 8 percent after hitting a 15-month low earlier in the week and are on track to post their second weekly gain. This, to an extent, bodes well as the fourth quarter .. >What has bolstered the market was some policy moves. The Bank of England surprised investors on Thursday by launching a second round of quantitative easing.. >The European Central Bank followed up with aggressive liquidity measures.. >Over the weekend, French President Nicholas Sarkozy is meeting head of IMF Christine Lagarde, before moving to Berlin to meet German Chancellor Angela Merkel where they are likely to discuss bank recapitalisation.. >Friday brings the Group of 20 finance ministers meeting, where investors could assess the appetite of surplus-rich BRIC emerging nations — Brazil, Russia, India and China — to help the eurozone. A source told Reuters the European Commission is expected to present a proposal on bank recapitalisation before the EU leaders summit on Oct 17.. >Credit Suisse reckons European governments should spend 300-400 million euros to recapitalise banks. It also said a weaker euro needs to be part of the solution of the eurozone problems.. >JP Morgan said an issuance of unsecured bonds by Deutsche Bank and ABN Amro late in September worth 2 billion euros following a three-month freeze presented an important step for European debt markets. >Coupled with (upcoming ECB funding operations), it is likely that bank bond issuance will improve further over the coming weeks, boosting confidence in credit markets
today... after some apparent profit taking after yesterdays leap upwards... long way to go though for this share to reach where it should be
Many thanks for the Reuters reference. Very interesting. GL!!
compelling investment case indeed! something from reuters as well- http://uk.reuters.com/article/2011/10/06/markets-europe-stocksnews-idUKL5E7L63EJ20111006 Iook at there take on volume: "Volumes are robust, at more than twice the 90-day daily average"
Looks like I made the right call. This from today's FT. "Asian Citrus rallied 16.5 per cent to 38¾p after China’s largest orange plantation group attempted to clear up misconceptions about its relationship with Chaoda Modern Agriculture, a scandal-hit agricultural company. Tong Wang Chow, Asian Citrus’s chairman, said contracts with Chaoda had amounted to 17 per cent of fertiliser spend in 2011, down from 28 per cent the previous year, and had been classified as arm’s-length transactions by auditors. He added that, if the company had not purchased fertiliser from Chaoda, overall costs would have increased by 2-3 per cent. The comments come after self-proclaimed members of Anonymous, the computer-hacking group, last month published an “Anonymous Analytics” report alleging that Chaoda had falsified its financial statements. Chaoda, whose shares have been suspended, has yet to reply officially to the allegations. “The voluntary announcement by Asian Citrus should go a long way to reassuring investors that the corporate governance allegations made by Anonymous Analytics in their report are unfounded,” broker Seymour Pierce said. Mr Chow also claimed the company had been approached by investors interested in acquiring shares from Chaoda, which controls a 13.4 per cent stake."
>Evening Euro Markets Bulletin from ADVFN - "At midday, the Bank of England surprised the market with a resumption of its Quantitative Easing Programme, saying it will pump £75bn of new money into the economy. While a move was in the pipelines, most had anticipated the central bank to hold off for at least another month and thought that a lesser £50bn would be set aside. The Bank of England's QE initiative has lain dormant since 2009, after it spent £200bn buying up assets such as government bonds from banks in an effort to lubricate the banking system in the UK. The Bank’s key lending rate was left at the historic low of 0.5%. The decision to take this step has been greeted positively by the street as an indication that public figures in Europe are taking the risk of a recession seriously and are prepared to take decisive measures to try and prevent events from spiraling out of control as they did three years ago. This has added to hopes that policy makers on the continent will follow suit in the near term and come up with a decisive plan to deal with the Greek debt and bank recapitalization problems,” according to market analyst Colin Cieszynski from CMC Markets Canada. " >This confirms my thoughts re QE as per previous post. It seems like the 2 stumbling blocks that’s been holding us back has been lifted. Today’s RNS is an absolutely brilliant PR stroke against suspicions raised re the Chaoda connection- as well as a crystal clear insight in the company’s fundamentals, superb management and vision. Well done ACHL! http://www.advfn.com/p.php?pid=nmona&article=49439965&symbol=L%5EACHL – a “must read” >The Market’s recovery however will still be a bumpy ride from here onwards as Europe & US needs to pull through with QE measures- no mean feat at all in terms of the worst debt scenario the world ever faced IMO. I lay a lot of blame at the door of the banks- and governments “forgiving attitude” towards them. >ACHL - It is my personal conviction that we’re heading for at least a 100% upside from here as per TA over the last 2 years backed up by fundamentals or vica versa. Broker targets for ACHL - Seymour Pierce 90p - Liberum Capital 99p. Tipped by shares Mag and Investors Chronicle- can’t confirm this as I haven’t seen it- just picked up from BB’s. >TA wise we’re really looking good re volume, buy/sell ratio, RSI, MACD, etc. All the best to all invested! B
I'm taking advantage of the price fall to buy some more. I'm either going to end up rich or in penury. I hope that it's the former.
RNS- that should put to rest the nonsense about Chaoda and the "too good to be true" nonsense thats been doing the rounds.
I don’t think yesterday's volume was too bad. The chart shows, for about 50 trading days, higher volumes than yesterday over the past year- the rest was lower, but I hear you re shares in issue. What I like about the buys, is that we saw 2x20, 2x25k, 40k, 50k and 100k lots appear over the last few days which points to ii’s and/or pi's with deeper pockets- shows confidence amongst bigger players. Something else that I picked up previously on the 3 year(monthly) chart- is that for both 2009 and 2010 we had a bull run from August to December. This trend corresponds with the release of final results in September. In 2009 we went from 21 to 50p- 2010 from 46 to 82p. Volume wise, the highest volumes showed in October. As for 2011, the volume has been building up over the last couple of months with buys dominating- perhaps we will see again in October higher volumes. To me it looks like an accumulation phase now. For the same period(2009&2010) the FTSE gained significantly, whereas now it is in a bear phase, suppressing the trend of the previous 2 years. Although we had excellent results this year, two main factors are holding us back- which is the current market sentiment and of course the negative impact of the accusations against Chaoda as a stakeholder. The Chaoda debacle did cause a big drop but my question is- is that really something that affects the core fundamentals of the company as a whole? We will see how that plays out. As for the FTSE, DOW, etc- my guess is probably as good as the next one. I think the company is fundamentally more than sound and technically the trend as above mentioned, convey exactly just that. Our bull run is overdue and my guess is we can look forward to decent gains as in the past- once the markets confidence returns- the question is when. Shorting- I’m not so sure that’s for me right now as I’m still in a learning curve. I also think we MAY be looking at more confidence in the markets from here onwards as QE measures take effect. But I do take onboard your suggestions re shorting/hedging and will look into it. Fully agree however with your take on “averaging down” Atb