Share Name Share Symbol Market Type Share ISIN Share Description
Aquatic Food LSE:AFG London Ordinary Share JE00BQQG1J93 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 15.50p 13.00p 18.00p 15.50p 15.50p 15.50p 0.00 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Food Producers 10,229.1 1,900.0 13.1 1.1 17.55

Aquatic Food Share Discussion Threads

Showing 8401 to 8421 of 8425 messages
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DateSubjectAuthorDiscuss
17/2/2017
16:14
I emailed AFG's CFO (Lo Ping) asking when we could expect the Q4 2016 trading update. I got a nice prompt reply saying they hope to get out the Q4 update and the 2016 preliminary results before the end of February, and that a Board meeting is being arranged for next week 'to discuss the results and the 2017 outlook'. Lo Ping is a Board member and the head of AIM compliance in the company. Although I can entirely understand why investors are so ultra-wary when it comes to Chinese companies on AIM (given their dire track record) I am impressed by this one.
galeforce1
13/2/2017
14:17
Another going a very similar route to many Chinese cos before it. I do think Aim listed Chinese Cos are are impossible to invest in until something is done about the fickle nature the CEO's treat UK investors. http://uk.advfn.com/cmn/fbb/thread.php3?id=34516013&from=207
celeritas
07/2/2017
11:13
mattjos You are definitely right to warn investors to be careful with Chinese stocks on AIM, given their track record. On the positive side, AFG appointed an impressively high-calibre CFO last year. She's a career CFO, who was with West China Cement(probably my most profitable investment of the last 10 years) and before that with PWC in Kuala Lumpur. She has a useful options package, from 20p to 45p. The presence of a good CFO gives me a bit more confidence here. RE. the management not appearing in London. I understand the UK-based NEDs advised them not to come last year, given the turmoil of the Brexit vote and the Chinese frauds on AIM in 2015. That was probably the right advice. Nobody in the UK wanted to know about Chinese companies last year. That might be very slowly changing. Haike Chemical has recently had a good recovery. It's not surprising there is zero liquidity, given the spread. Also, liquidity wasn't helped by a decision to cut the interim dividend in September, which sent all the wrong signals to nervous investors. We are due a Q4 trading statement any time. I'm looking for Q4 turnover over 225m RMB (GBP 26.4m) and net margins around 11%.
galeforce1
06/2/2017
23:32
Catch up with TAIH .. another one that has fleeced uk shareholders. Be very careful here
mattjos
31/1/2017
13:06
Jiasen (JSI) delisting from AIM but going to list on the ISDX exchange instead to save costs. That's despite having 45 million in cash!! Oh dear. It also claims the AIM market is very illiquid. That explains why they are going to relist on an even more illiquid market then. Oh dear again. Yet another Chinese fraud bites the dust. How many are there left?
brwo349
25/1/2017
10:12
Falia stop pumping this over Advfn it just sounds desperate.....Everyone buy wafm it's going to explode north and soon, I know it is but will wait for the rns for the herd to notice it I don't need to pump it up....This may well be amazing let the share price do the talking, but not for me.
chesty1
25/1/2017
09:07
Yep, in both directions.
celeritas
25/1/2017
09:05
we all know how fast these move
falia
25/1/2017
09:03
Just look through the long list of aim listed Chinese co's that have done the dirty on investors, Chinese co's need to build trust but this takes time, years of reporting solid accounts. Cutting the dividend here when there was no need was a terrible move, it just sends out the wrong message.
celeritas
25/1/2017
09:03
we'll get a haik like rise very soon
falia
25/1/2017
09:02
Yes galeforce. I'm looking here at these levels but after the disaster with JQW I'm suspicious. They claimed to have great cash reserves which was all a lie. And years ago RCG. How do you know ?
dumbo4
25/1/2017
09:02
we'll get a haik like rise very soon
falia
25/1/2017
08:58
Cuff link stock, bear in mind they have a tendency to cook the books!
bookbroker
25/1/2017
08:58
Cuff link stock, bear in mind they have a tendency to cook the books!
bookbroker
25/1/2017
08:55
so blatant ramping, lol.
theslimguy
25/1/2017
08:50
lol caps is my trademark
falia
25/1/2017
08:48
wow falia you have took off the caps locked :-))
tradermick1
25/1/2017
08:34
next update should be around end of feb to begining of march
falia
24/1/2017
21:11
In a nutshell, it's the China fear factor. In 2015 several Chinese listings on AIM, all from Fujian Province, turned out to be frauds. Investors lost everything. It caused a lot of damage to the reputation of all smaller Chinese businesses listed in London. The Chinese authorities were not at all pleased about the situation, and are now supervising much more actively. This makes a repeat of the 2015 scandals unlikely. But it will take some time before even respectable businesses like AFG are removed from 'bargepole status' by most private or institutional investors. But the recovery in Haike yesterday was encouraging. Things might be changing.
galeforce1
24/1/2017
21:01
Thanks galeforce1, I can't believe it a profitable cash rich company is capitalised at < £20M which doesn't even cover its cash reserve. What on earth is going on?
andyr42
24/1/2017
20:56
Andy42 AFG's stated cash reserves in 2016: 31/3/16 - 334m RMB 30/6/16 - 417m RMB 30/9/16 - 432m RMB (£50,377m) The Q4 trading update will probably show cash rising to over 440m RMB (£51.3m) AFG has been criticised for raising about £9m at the IPO in May 2015, but never doing anything with the cash. The company basically says it is waiting for the right acquisition to come along, which sounds sensible to me. UK analysts also find the concept of any company having SURPLUS cash complete anathema. It's taken for granted that any available cash is 'distributed to shareholders' (i.e. paid out to greedy institutional investors). The Chinese tend have a more cautious approach. But AFG does seem to overdo the caution. The cut in the dividend in Sept. was really unnecessary, saving the company a princely £500,000, but sending out all the wrong messages.
galeforce1
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