Member Info for oldstockbroker

MPO is interesting. NAV growth has been good. Used to broker in Investment Trusts, so have an idea of funds/portfolio management companies. The leader in the Inv Trust Sector is probably TR Propery PLC. They have acheived a return of 32% over 3 years. The shares are trading at a 2.59% discount to NAV. MPO has achieved a 44% growth in NAV over 3 years, but is trading at a 31% discount to last declared NAV. On my worst scenario next NAV of £2.44 trading at discount of 34.8%. This is wrong in my opinion- MPO has delivered and in the fast growing Commercial market in Macao it could be argued should be at a premium to NAV. Worst case should be at 10% , so suggested share price £2.20. But check it out, ask why discount is there, because I cannot see why. The gambling market is growing hugely in Macau, and the new bridge from HK will just increase traffic and tourism. Yields on commercial properties are up this year by 0.2% from 2.5% to 2.7% I am told. Not going to double overnight but a good solid investment if you believe in the Macau story. As an Asset owning company well undervalued in my opinion compared to other quoted property Investment Companies. But do your own research.

Some decent buying going on late in the day, see if it continues overnight in HK.

Last declared NAV was £2.38 and $ rate of 1.52 on March 31st 2013. Allowing for Property Sale-(if it can be taken into NAV at this stage). Having looked at the general property in Macau it still seems strong, with good yields remaining firm, so am assuning a 4% rise on the balance. $ is now 1.56, so allowing a redsuction of 2%. That equates to a possible NAV of between £2.44 or £2.56 if Sale included. These are my calculations, so please do your own research.

FLASH: Canaccord Genuity reiterates buy on Lombard Medical Technologies, target raised from 243p to 256p - See more at: http://www.stockmarketwire.com/article/4662674/FLASH-Canaccord-Genuity-reiterates-buy-on-Lombard-Medical-Technologies-target-raised-from-243p-to-256p.html#sthash.NRyzgUf5.dpuf

"JAMES Packer's Macau casino investment Melco Crown continues to reap the rewards of targeting the premium end of the mass market as gambling revenue in Macau rose 17.6 per cent in August. The mass market is growing faster than the VIP high roller market, which is a boon for Melco Crown's properties in the Chinese gaming province." http://www.theaustralian.com.au/business/companies/packers-macau-casino-melco-crown-rakes-it-in/story-fn91v9q3-1226710057689

Are you stalking me-? Haha. Next results will clear the air. Ort do we just have a very similiar portfolio.

http://minesite.com/news/highland-gold-lays-out-its-plans-for-production-to-hit-300-000-ounces-within-three-years Highland Gold Lays Out Its Plans For Production To Hit 300,000 Ounces Within Three Years

This company is interesting-both as an Asset play and for potential to see rapid eps growth. Plus they have a share buy back scheme in place. Although there is a majority shareholder, that also does not rule out a t/o bid-it does happen. Other companies in the building sector have very bullish outlooks- suppliers of toilets etc and once the new building increase the Gov wants comes through(and the demand is there) then the margin on bricks will increase. Total brick stocks in the UK have halved during the last few years, and any decent increase in demand will lead to increased prices. The management are personally committed to the business through shareholdings, so I can see little downside and a decent upside. But do your own research and look at facts don't buy on hope or luck.

These were not all sells-I suspect this is when the company purchased for cancellation 1.5m shares- so two sales or purchases of 750k and one sale or purchase of 1.5m. The shareback underpins current share price and and fairly confident that the next announcement will show an increase in NAV-time will tell.

I cannot work out what is going on. Largish numbers being traded, more sellers than buyers. Numbers traded almost the same as in HK yesterday, price in HK is fractionally lower absed on close. See what happens in HK when market opens next. These sales are going some-where-maybe Far Eastern buying ?

The Board of Macau Property Opportunities Fund Limited announces that on 29 August 2013, the Company purchased 1,500,000 of its own ordinary shares of US$0.01 each ("Ordinary Shares") at a price of 168.5p per share. These shares will be cancelled. The purchase represents 1.67% of the Company's total outstanding shares in issue. Following cancellation of the shares, the issued share capital of the Company will be 88,500,000 Ordinary shares.

I was it at 19.3p so a reasonable return. I am here for the long term-done as much research as possible and relaxed about prospects over the next couple of years.

What has been interesting that during the last week some big sales going through. Price went up though. Friday OK buys appeared. I think some activity happening off main market in UK.

The market is expecting a reduced final dividend-hence the share price.The proposed dividend will be subject to board approval the day before the results are announced. Management have apparently said that they will recommend an increase in the payout ratio.It is unclear whether that increase will be sufficient to compensate for the lower profits, so the actual dividend paid may still be lower than last year. If a sufficient number of shareholders advise the management against a cut they may hold it (like they did for the interim one) . Simple-email the company as a shareholder and say we do not want the dividend reduced. They may ignore, but as shareholders we should be vocal. Olderandwiser has told them this already in his good report post meeting. Their email address in on the website and they do listen. As far as I can see no reason to reduce the dividend-the company has cash and I would rather the dividend was paid rather than a share back scheme-though that has not been mentioned, but have seen it elsewhere in Far Eastern Companies with good cash balances.

Sale of Zhuhai for $64m. All in cost was $45m according to my research. So profit $19m before expenses. With 90m shares in issue that is about 20p per share increase in Assets. So about 11% increase. These are my figures-check it out in case I have made an error.

Same for me- SIPP and mainly in AIM-which are performing better than Blue Chip at the moment. I still have another business of two-one is Point of Sale hardware (Pos-Hardware) which is an area I moved into about 7 years ago as a consultant-built up to £750k t.o before we fell out-usual in wales working for husband and wife teams. Husband gets jealous at fees I was earning-happened before. Now on my own, but an interersting business-a leading indicator of economic activity and t/o has picked up dramatically over the last 3 months-with the big deals finally coming through after a long period of chat. Mainly builders merchants strangely-they are investing in tech to reduce costs-they are buying a lot of signature pads(electronic) though restaurants are good as well. New start ups are slow at the moment compared to the past though seeing signs of a pick up-particularly hair and beauty. Anyway nothing to do with ACHL-my best mate(still in the City) is back and knows the analyst-though doubt she knows the company better than you. He will let me to-morrow her thinking.

Spent 3 years in HK as a kid, Can recall asking my parent's to let me go to the School in Victoria so I could learn chinese. I was sent to England by BOAC !! Hated it leaving Repulse Bay and going to dreary boarding school in Yorkshire. We have XEL in common-seems totally undervalued not sure why, seems pretty straight forward to me. Love AMA-have a contact there who does respond to questions. I like that as you will have gathered. MPO are good at communication-they are in a close period as a potential sale is going through. Made some money there, and as they are buying back at 105% relaxed. Communication is the key for these small companies like ACHL-respond and we all feel happy. My best ever tip share, which I made no money in as I was an honest broker and did not buy shares in Companies I was promoting- was Marler Estates back in the 1980's. Knew the Company well- the share price went from £1.20 to £10.60 in a short period-might of been a year. Got a couple of Funds in large-I was the market for 9 months-in the old days of jobber's. The Jobber's did not have a clue, though most deals were done on a put-through basis so they earnt a bit-bless them. Off topic. I am relaxed about ACHL- I can see earning's improve over the next 3 years and we will see what results are like. Waiting for my Wood Mac (now Lloyds) pension to come through-they have valued the TV at 50% less than I believe correct, so in discussions. If share price at near current levels will top up.

Contacted the company. Following response:"Our major products in Beihai Perfuming Garden (BPG) include Pineapple concentrate (30%), Mango puree (10%), Lychee concentrate (10%), Passion fruit concentrate (9%), and other products such as frozen fruits and dried fruits. We do not have immediate plan for FCOJ at this moment. We sold our products to International Ingredient Mixer for further processing. The selling price is referenced to the international market." This is fine for me-the OJ market in China Has Coke-Cola and Pepsi(Tropicana) in the market and from research to-day the OJ market is highly competitive. Seems like a management who know the market, and gives me further confidence. The fresh fruit consumer consumption is growing well in China, so I believe ACHL are in a good position,with a good management who communicate !. I am overweight in the Far East- I hold MPO( an interesting stock, which I know a little bit about,), GDL, and FJV (the latter not performing, but as I used to work for Fidelity ages ago I am sure it will perform well when Japan market does. I am not suggesting you should invest in any of these by the way-they are always risky investments. Has anyone-maybe olderandwiser-looked at GCH ? Fertiliser franchise business in China. I have not invested as can get no information from my usual sources and the company do not respond, which makes me nervous.

To authorise the Company in accordance with Section 315 of The Companies (Guernsey) Law, 2008 (as amended) (the "Law") be approved to make market acquisitions (as defined in Section 316 of the Law) of its own shares either for retention as treasury shares or for cancellation, provided that: i) the maximum number of shares authorised to be purchased is up to 14.99 per cent. of the shares in issue immediately following the passing of this resolution; ii) the minimum price which may be paid for a share is £0.01; iii) the maximum price which may be paid for a share is an amount equal to the higher of (a)105 per cent. of the average of the middle market quotations for a share as derived from the London Stock Exchange Daily Official List for the five business days immediately preceding the day on which that share is purchased and (b) either the higher of the price of the last independent trade and the highest current independent bid at the time of purchase;

Found this interesting study on Orange Juice consumption in China. Whilst written in Florida and highlights opportunities to export, I think it should be encouraging for Beihai Perfuming Garden Juice Company Limited , which ACHL owns (92.94%). Link is http://ageconsearch.umn.edu/bitstream/143104/2/SAEA-Xuqi_Gao.pdf.