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To be honest, I wouldn't consider today's volumes as anything significant especially with the volume of shares in issue. Would have to be a significant percentage of that where I would consider as effective in the SP movement. Why not considering shorting some shares/indexes to keep a balanced portfolio and hedge it against your losing options. BSLA,CC, and HOME retail shares all look ripe to be shorted in the short/medium term, so to are the main German and French Indexes. Obviously DYOR and all imo. ACHL has decreased almost 40% since the RNS which I am sure many who bought in did not expect, definitely will not jump back in until it trends upwards significantly. Never averaging down is one of the most important lessons I have learned the hard and very expensive ways.
Decent buys coming in- 66k, 100k, 44k, 60k, severak 10 and 2x20k's ratio now 85% buy - 9% sell - 6% unknown
morning- trying times indeed, whole watchlist of about 50 stocks red with just a few unchanged. big falls of 10+% all over- to name a few on my watchlist agq, bao, frr, ore, solg - ftse under 5000 and still sliding.. ACHL holding its own so far, down 4.3% on low volume with 51% buys, 26% sells and 23% unknown- orderbook 3/3 and been offered above bid to sell for most of the morning. atb B
Yes I would agree that with the recent RNS the current SP at under 40p and cash levels seem to view ACHL as undervalued. Only worry is that the SP may decrease further taken into account the macro-economic factors as well. Anyway GLA and BERT.L you are correct I think the view is generally cautious optimism but right now. However, I don't think it would change ACHL into an uptrend anytime soon. This is a long term hold for investors rather than anyone in it for the short/medium term.
investors- not investers
Very sensible post and I really appreciate your caution re re-entry within a bearish market- on top of that, the negative ripple effect caused by Anonymous Analytics against Chaoda. I rely strongly on volume as a true reflection of market sentiment- investers in uncertain times like this goes for cash rather than invest to see their money dwindle as stocks go down. Therefore(generally speaking) the volumes traded are low and usually more sells than buys. Having said that, so far we've had- 51.1% buys - 27.8% sells and 21.1% unknown trades. The mm's opened us down c. 8% - since opening then an increase of 7+%. Overnight on the HKX we've increased c. 8.5%. By the looks of these figures then, sentiment amongst investors is that of cautious optimism. Good sensible posts as well over on Advfn board - http://www.advfn.com/cmn/fbb/thread.php3?id=21223643&from=837 - posts 842 and 844 made a lot of sense to me. Let's hope for the best- all said, I just don't think a sp of under 40p is a true reflection of the company's worth. atb B
Not looking likely BERT.L at this rate. Check out the board on: http://www.iii.co.uk/investment/detail?code=cotn:ACHL.L&it=le Will wait to see if this turns and market sentiment for ACHL changes before I buy here again. This cannot be blamed on general market sentiment alone. Obviously the market doesn't like ACHL at the moment and even though the recent results was indeed impressive, there is a lingering doubt that maybe it was "too" impressive. Indeed it could all be nonsense and just guilt by association, but something is certainly amiss here and the market is usually not wrong in its pricing (imo).
hsbc offer me way over bid to sell- guess we can expect a jump into close
This should be back at c 45p where it was mon/tue imho.. http://ftalphaville.ft.com/blog/2011/09/30/689986/bitter-aftertaste-for-asian-citrus/
confidence returning - 150k buy @36p
I had same statement on my Share co. About ACHL so should see some sort of recovery. Such good CO results on 16/9/11 Good luck all
Asian Citrus is unable to give any reason for the recent fall in its share price and the increase in trading volume in both London and Hong Kong.The company said the board noted press commentary in the UK surrounding an anonymous analytics report linking the company with Chaoda Modern Agriculture (Holdings. The board confirmed that Chaoda has an approximately 13% shareholding in Asian Citrus and Fujian Chaoda Group and its subsidiaries have been suppliers of organic fertilizer to Asian Citrus for a number of years on arm's length terms. Story provided by StockMarketWire.com
For a more positive perspective read the blog by Neil Hume on the FT Alphaville website
http://www.businessweek.com/news/2011-09-30/asian-citrus-shares-tumble-set-for-lowest-level-on-record.html Either this is a great buying opportunity, or it's time to man the lifeboats.
I think I speak for us all when I say 'I didn't see that coming'. Hope you guys haven't got too much tied up here. GLE
http://www.agrimoney.com/news/stunning-results-reassure-asian-citrus-investors--3609.html
.......::;;. Citrus might be yellow but its a sea of blue on here today ::::......
Good point that in a relatively weak market Asian Citrus' price is relatively stable. Current share owners like us need the market to recover. Then we will be able to smile -- and it will be a big smile. Keep the faith!
I noticed that today. I have other shares that have tanked in the last couple of days and this has been fairly stable as things go. I think its the 3rd time Ive seen them tipped in a couple of months. Obviously still confident if the published another buy rating still after falling well below their last 52p buy price.
"Asian Citrus Shines" is the headline in this week's Investors Chronicle as it analyses the year's results. Reckons that the fall in the share price is down to investors pulling out of emerging markets. However, IC repeats the previous buy advice. It is not covered in Shares magazine. Probably next week.
I third the motion of 'what's going on here'! Its crazy, after everything we have seen in the results...this share seems to defy logic. I'm holding on to this one for a while yet. I also have shares in Yule Catto (YULC) and they announced really good results in asia...up on the day and down since. Think emerging markets are basically 'out of fashion' among the big players! I cannot think of any reason why they are being ignored. Imagine these results in a stable economic period. We would be laughing chaps!
Yes, what's going on? My guess is that it's general market weakness, small stocks are out of favour, and there's stll a lingering suspicion over the accuracy of accounting procedures in China. But as a medium and long term bet this share, apart from the oil discoverers, is brilliant. I spotted it about 3 years ago. Let's see what Shares and Investors Chronicle say this week. Both magazines have been tipping Asian Citrus for great things for some time now.
whats going on! after such positive year results, why hasn't the share price gone upwards!!
Asian Citrus Holdings (ACHL) shares jumped 4.75p to 52.5p as results for the year ended 30th June squashed analyst expectations. The Chinese agriculture group saw pre-tax profit increase 86% to 523.3 million RMB (51.6 million pounds) on the back of a 74% increase in revenue to 1.4 billion RMB (138 million pounds). A total of 3.3 million trees are now planted at Asian Citrus plantations, 2.7 million of which are mature enough to bear fruit. The company continues to increase trade business with major retailers, having sold 68,000 tonnes of oranges to 20 different supermarket chains during the year.
These are cracking results. Does anyone know what the dividend for this share will be and the ex-div date. Thanks