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I stand corrected! Just found its a 90.9% rise in Pre-Tax Profit. Sorry about that! http://www.stockmarketwire.com/article/4222379/FLASH-Asian-Citrus-pre-tax-profits-up-90-point-9pct.html Blame stock market wire haha! I just like looking at the 2 year chart and seeing what happened last time the results came out. Went all the way to the 80p+ mark after...will we do it again?!
Yes, looking good for the coming weeks I think. Ive gone from -17% to +1%!
90.9% no?
Marchant-Trading, thanks for the link. Great news! Should tick nicely upwards in the coming weeks as the word gets around. Be interesting to read next week's Investors Chronicle.
Pre-Tax Profit up 57.8%...knew we were in for a treat! http://www.stockmarketwire.com/article/4222379/FLASH-Asian-Citrus-pre-tax-profits-up-57-point-8pctpct.html
Full Year Results out tomorrow fellas! Hope its as good as the managers claimed! GLE!
. . This looks like an error........ If you dial up one weeks performance on the chart it will say 47.75p........... IT states 47.75p on other websites............good luck
confusing sp data up there ^^^^ is the sp 47.75 which would be a 0% increase... or the 45.50 that it shows? which would be a decrease of 2.96%, not an increase...
Yeah I would cut this one lose if needs be, I have a lot of other shares I am interested in. Although, I don't think this will happen. this will NEVER go lower than 40p so the worst is nearly over (I hope). just wish the market would stop being so hostile to emerging markets and get over the corruption smears.
it'll come good eventually, would you sell at a loss then? i'm holding long on these.... got a bunch a while back at 73p, and a chunk more at 46p the other day. i'd be wary about selling any of them until i see a profit, but maybe you need the cash...
I'm feeling good about this share now (forgotten how that feels), Full Year tipped to be a good'en by the managers. 16th September is a huge date for this share. It's make or break really, If I dont see 60p by mid-october I will be cutting it loose! Already 12% down.
the 'innit' was just an ironic use... your forum has not been infiltrated by a 13 year old hoodie all the best!
september 16th... feel positive innit
Couldn't agree more, ACHL has caused me a lot of frustration, there does seem to be support at this price. However, I think it is literally a wait until the results I'm afraid, before we see at sustained growth.
Still dropping slightly over the last few days -- but assuming the market doesn't head south then with results out next month Asian Citrus will move upwards. But I think the big players will wait until then, so my guess is small-ish price movements up or down in the meantime.
Does anyone else think there could be a trend here and we maybe at the foot of the second rise in a double top? I may be reading into it too much but the 52 week low was in August and the high in November...after last years results. With the management expecting a lot better we could be closer to profit than you think. This may be wishful thinking but just a passing thought.
I meant they adopted our fast food brands of the west. All the best with the banks, I always see the BB for looted on most recent. Looks like there could be a lot of opportunity in the long run. A lot of ramping on there too haha!
The Chinese invented fast food, they didn't adopt it. Not in here yet, but they look promising. No more money left, it's all going down the plug hole, otherwise known as Lloyds Bank
It's not only the love for orange, if eastern culture adopts our healthy eating and '5-a-day' style we are going to do even better. They adopted our fast food culture, it only seems like a natural progression to healthy eating to be the fad among the middle classes there too.
Many thanks Quick Buck for providing Shares magazine's write-up of Asian Citrus.Once the current market turmoil is over this share will bounce. As I have said previously the time to sell is when people, both in the West and the Far East (who are only just developing the habit) stop drinking orange juice.
Thanks for that, very interesting article. I shall await the results on Asian Citrus eagerly. Hopefully the market will realise the value of this one.
China’s biggest orange plantation owner looks significantly oversold Rating to ripen at Asian Citrus Strongly cash generative orange plantation owner Asian Citrus’ (ACHL:AIM) squeeze from a 52-week peak of 88.8p to 50.8p largely reflects misguided negative sentiment rather than fundamentals. Recent scandals engulfing the China based food and agriculture concerns have not helped, while a general investor rotation out of riskier assets including overseas-based small caps has played its part in the souring of the company’s stock market valuation. Yet the compelling nature of this growth story remains very much intact and now is the time to buy ahead of a significant ripening of the rating. China’s biggest grower and distributor of premium-quality fresh oranges, Asian owns three large plantations in Southern China. Hepu, originally developed by US juice giant Tropicana in the 1990s, is now fully mature and a replanting push underway at the site will eventually double the number of higher-margin summer trees. Near term production growth will mainly come from the maturing trees at second plantation Xinfeng, while commercial orange harvesting at third plantation Hunan will begin in 2015. Moreover, having acquired Beihai Perfuming Garden (BPG) for £165 million last November, the £617 million cap is now China’s biggest producer of fruit juice concentrates. As well as orange and mango juice, BPG processes pineapple, lychee and passion fruit juice, which are currently the most popular juices in China. In addition to giving Asian access to another high growth market, the acquisition has reduced its seasonality, since BPG sells juice concentrates throughout the year. With growth in developed markets likely to remain sluggish, the company offers investors a play on China’s compelling long-term domestic consumption story. Key drivers include the competitive positioning of its premium-yet affordable fresh oranges and increasing consumer wealth in the People’s Republic of China, which is creating the desire to eat more healthily. Besides scope to grow harvested volumes while increasing selling prices, the Bermuda-registered concern is upping the proportion of oranges sold to supermarkets, since the average orange selling price can be up to 40% higher than to wholesalers and corporate distributors. Asian recently (28 Jul) allayed investor nervousness with a reassuring trading update ahead of next month’s finals. Management said investors can expect profits to come in substantially higher than last year’s RMB 585.5 million (£56.4 million), or RMB 279.5 million excluding a gain on the revaluation of the group’s biological assets. Positive earnings surprises going forwards should provide the catalyst for a thorough re-rating of the lowly prospective price/earnings ratio of 11.5.
can you send me a link if its online? Have you got an exact date? been looking for a while. Bought these at 51p, need a lift. I think peoples opinions on the Chinese corruption issues are holding these back. Growing company, recently aquired another company in similar sector. Good levels of debt, cant think this lack of confidence is well found IMHO.
Shares Magazine out today has a full page article on Asian Citrus. It says that the company is a "compelling growth story". It also notes that results are due next month and the share is due for a significant re-rating, especially as Chinese citizens buy into the message of healthy eating put out by the Government. Note the recent buys by two directors at a higher price than today's. Fill your boots, I say. You will regret it if you don't.
Mountains surround Jiangxi on three sides, with the Mufu Mountains, Jiuling Mountains, and Luoxiao Mountains on the west; Huaiyu Mountains and Wuyi Mountains on the east; and the Jiulian Mountains and Dayu Mountains in the south. The southern half of the province is hilly with ranges and valleys interspersed; while the northern half is flatter and lower in altitude. The highest point in Jiangxi is Mount Huanggang in the Wuyi Mountains, on the border with Fujian. It has an altitude of 2157 m. The Gan River dominates the province, flowing through the entire length of the province from south to north. It enters Lake Poyang in the north, the largest freshwater lake of China; that lake in turn empties into the Yangtze River, which forms part of the northern border of Jiangxi. Important reservoirs include the Xiushui Tuolin Reservoir in the northwest of the province on the Xiushui River, and the Wan'an Reservoir(zh) in the upper section of the Gan. Jiangxi's climate is subtropical. Average temperatures are about 3 to 9°C in January and 27 to 31°C in July. Annual precipitation is 1200 to 1900 mm. Nanchang, the region's capital and the most densely populated city, is one of China's largest metropolis. Nanchang is the hub of Jiangxi civilization throughout its history, which plays a leading role in the commercial, intellectual and industrial and political fields. While Ganzhou is the largest subdivision of Jiangxi.