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% 14.00p 13.00p 15.00p 14.00p 14.00p 14.00p 36,764.00 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Food Producers 10,229.1 1,900.0 13.1 1.0 15.85

Aquatic Food Share Discussion Threads

Showing 8326 to 8348 of 8350 messages
Chat Pages: 334  333  332  331  330  329  328  327  326  325  324  323  Older
DateSubjectAuthorDiscuss
16/11/2016
09:00
I notice your post setting up an action group for JQW in Dec 2015 Hopefully not another action group needed for Aquatic in Dec 2016 ?! "galeforce1 - 15 Dec 2015 - 15:33:24 - 8665 of 8683 JQW - In second place to $100 billion Alibaba. - JQW Thanks davidosh. Good suggestion. Seems to be plenty of interest in a PI action group. If anyone is interested email to jqwgroup@gmail.com or private message on advfn to galeforce1"
mister md
16/11/2016
08:33
galeforce1 - totally agree with you that not all Chinese companies are corrupt. Except the ones listed on AIM usually are, at least 9/10 of them, and hoping that this is the 1/10 that isn't corrupt is a big risk to take. A p/e ratio of 1 is telling you something
mister md
15/11/2016
23:48
Mister MD The 'stink' exists only in your imagination. You think that all Chinese companies are corrupt, which they are not.
galeforce1
15/11/2016
15:32
I've come across these types of shares a lot over past 10 years - if it stinks of rotten fish its rotten imho but good luck with your investment
mister md
15/11/2016
13:46
Mister MD Stick with Taylor Wimpey (et al) if you're after solid institutional holdings. If there were solid institutional holdings in AFG the P/E would be 10, not 1. A big spread always means that the price is wrong. It's either too expensive or too cheap. In this case it's too cheap!
galeforce1
15/11/2016
12:57
a bid-offer spread of 28% is also a red flag (as if we didn't need any more)
mister md
14/11/2016
08:48
Caradog - AFG are claiming gross margins of 24.5%, net margins of 10-11%. They are not the retailer. They are the processor and supplier of fresh and frozen fish products, so I don' think those figures look so outrageous. A bit higher than Unilever, but you would expect that (Unilever has net margins of around 9%). Comparing AFG to Tesco really isn't helpful. I agree those scams you nearly got caught in last year were a disgrace, but they are unlikely to repeat. The Chinese govt is supporting actions to prosecute those companies. See www.chinaresolutions.com
galeforce1
14/11/2016
08:36
Galeforce, I held Camkids for a while, based on an IC analysis and recommendation. But a closer look at the business model got me to sell out sharpish. I followed other notorious scams such as Naibu, China Chaintek, etc, etc, in utter disbelief as supposed "experts" stood by as the city wide boys actively aided what can only be described as an industrial scheme for fleecing investors without any risk of being arrested or punished. One of the key metrics that set the alarm bells ringing for me was Camkids claim that they were achieving margins of around 37%, i.e. well above competitors like Adidas who had enormous advantages of scale. AFG are claiming margins of 24%. Do you really believe this, when you consider that the canning business is well over 100 years old, fish is a staple food with little added value, and that AFG are selling to wholesalers rather than selling recognised brands directly to retailers? I believe Tesco food suppliers are running on something like 2-5%.
caradog
13/11/2016
16:28
Brwo Please give it a rest! We get the picture. You think every Chinese company on AIM is a scam, and nothing's going to change your mind. Other people don't think that. They think some smaller Chinese companies represent an opportunity, and AFG in particular. Let's just agree to differ.
galeforce1
13/11/2016
14:55
Lets look at the shareholders. Any well-known names there? Nope. Chinese, off-shore you name it. How dodgy can you get. allotted and issued 50,000,000 Ordinary Shares (The “Consideration Shares”) to the Initial Investors: 25,500,000 Ordinary Shares to Oceanic Expert, 2,000,000 Ordinary Shares to First Honour Ventures Limited, 2,250,000 Ordinary Shares to Righton Investment Limited, 2,400,000 Ordinary Shares to One Capital Group Investment (Malta) Limited, 2,250,000 Ordinary Shares to Lim Koon Keong, 2,350,000 Ordinary Shares to Thomas Tan Hock Nieh, 2,750,000 Ordinary Shares to Midasi (Malta) Investment Limited, 3,250,000 Ordinary Shares to Pioneer Sky Investments Limited, 2,100,000 Ordinary Shares to East Sincerity Capital China Co., Ltd., 2,250,000 Ordinary Shares to Eternal View Investments Limited and 1,900,000 Ordinary Shares to United Talent Investments Limited.
brwo349
13/11/2016
14:53
The chart is a big clue. On listing at 70p it looked a fantastic bargain. 12 months later the shares are down to 10p on hardly any volume. How can it go from fantastically cheap to so off-the-scale cheap that its the cheapest stock in the world ever!
brwo349
13/11/2016
14:50
Miracle Yap non-exec director. Where have I heard that name before. Oh yes, Camkids.
brwo349
13/11/2016
14:36
galeforce I now believe that any Chinese businesses that subsequently list on AIM are frauds. That should be the default position of all investors. Why? Because no-one with a great business would list on AIM after seeing the financial carnage wrought on these companies. If you were a Chinese businessman who owned a great, profitable business would you try and get it listed on AIM. Absolutely not! Therefore there is only 1 conclusion here.
brwo349
13/11/2016
09:55
BRWO Oh dear, you seem to have a real bee in your bonnet about this one! But all input is welcome, even if it's a bit one-sided. The mackerel contract is with 2 Scottish companies - Pelagic in Peterhead and Lunar Freezing of Frazerburgh. Combined, these are for over 1200 tonnes of mackerel a year, and this represents more than 1% of AFG's turnover. 1200 tonnes of mackerel is hell of a lot of fish. In fact, AFG is one of the larger customers for Scottish fish. The wholesale price of mackerel is around £1200 a tonne, I believe. This is a decent, solid business. If you think China is systemically corrupt then don't invest and take a look at something else. There are lots of great UK companies to invest in instead. Pity that so many of them are up to their ears in debt, pity that they may be about to leave the Single Market, but there you go. Some investors are more comfortable investing close to home, and I can understand that. Chinese companies on a PE of 1 are not for everybody.
galeforce1
12/11/2016
17:54
hxxp://www.shareprophets.com/views/18767/aim-china-fraud-aquatic-foods-chinese-water-torture
brwo349
12/11/2016
17:49
hxxp://www.shareprophets.com/views/13734/aquatic-foods-group-plc-yet-another-aim-listed-china-norfolk Why have the shares crashed, with only good news in trading updates – and, indeed, a ‘know-of-no-reason’ RNS in the face of the share price decline? Why has Mr McLean stepped down from this poster-boy for all that is good about AIM-listed Chinese companies (apart from the share price)? Why is the company trading at a substantial discount to cash, and (at worst) on a par with net unrestricted cash, yet is awash with the stuff in ever growing proportions and company growth is around 25%? Could it be that as with, say, Jiasen (JSI) nobody believes the numbers? Given the recent history of AIM-listed Chinese outfits, who would take the risk here? Given the lack of action by the FCA, AIM Regulation, the LSE and all the other regulators which could have stepped in over Naibu (it is not as if they weren’t warned) and now the quiet delisting of Sorbic and Gate in the wake of unexplained Nomad resignations, what reassurance is there for investors that this is not just another Norfolk? Aquatic just could conceivably be the bargain of the decade, but as with Jiasen which currently trades on a discount to (claimed) cash of about 80% and sitting on an historic yield of 80% plus, who would take the chance? Are the numbers presented just codswallop, shoal upon shoal of red herrings presented by a shiver of sharks? (ok, enough cheap fish gags…) But In the absence of the LSE showing any sign of taking its responsibilities seriously (other than to grab as much money as possible in the short term, and allow the crony capitalists to do the same) this has to be yet another AIM-Casino China bargepole stock. - See more at: hxxp://www.shareprophets.com/views/13734/aquatic-foods-group-plc-yet-another-aim-listed-china-norfolk#sthash.yGf5joqp.dpuf
brwo349
12/11/2016
17:36
There is the other obvious question. Nearly every Chinese stock that lists in London has been a financial disaster for shareholders. The shares tend to start falling immediately after listing. So why would any legitimate Chinese business ever consider listing on the London market? Why? Why? Why? If you owned a successful, profitable Chinese company the last thing you would do would be to list on the London markets because you know the company will never be properly valued because of the dozens of previous Chinese frauds. Why not list on the Chinese markets or another Asian market. The reason you list on the London AIM market is because of the light regulation. It's far easier to list a fraud there and it seems there is little risk because no-one seems to get prosecuted. AIMHO. DYOR.
brwo349
12/11/2016
17:36
There is the other obvious question. Nearly every Chinese stock that lists in London has been a financial disaster for shareholders. The shares tend to start falling immediately after listing. So why would any legitimate Chinese business ever consider listing on the London market? Why? Why? Why? If you owned a successful, profitable Chinese company the last thing you would do would be to list on the London markets because you know the company will never be properly valued because of the dozens of previous Chinese frauds. Why not list on the Chinese markets or another Asian market. The reason you list on the London AIM market is because of the light regulation. It's far easier to list a fraud there and it seems there is little risk because no-one seems to get prosecuted. AIMHO. DYOR.
brwo349
12/11/2016
17:28
27 grand? If Quirk had bought ten times that amount I may take some notice. My guess is this guy is there for window dressing only. I doubt he will know that much about what is really going on. He'll know what he is allowed to know. The Peterhead contract was for $850,000 which is less than 1% of last years revenue. Look at Asian Citrus this year. It had been listed for years. It was always very cheap but there seemed to be a perception it was probably one Chinese stock that was legitimate. Lo and behold its now suspended with major discrepancies noted in its financials. I advise you to check out ShareProphets and their "filthy forty" Chinese Aim stocks.
brwo349
12/11/2016
10:24
Cottoner At the AGM a shareholder thanked one of the NEDs (Jonathan Quirk) for buying shares and helping to 'steady the ship' at AFG. Quirk made quite an interesting reply to this. He said "there's no need to thank me. I haven't bought these shares out of a sense of duty or obligation. I have bought them because I believe they are going to make me money". Jonathan Quirk has a decent holding - 200,000 shares. He has paid £27,300 for them and his average price is 13.7p
galeforce1
11/11/2016
20:40
One final point from me. There have been a number of RNSes issued for Jonathan Quirk a Non-Executive Director buying shares. Aquatic Foods Group Plc (AIM: AFG), a leading Chinese marine foods and seafood processor and producer, supplying to export and local markets, is pleased to announce the appointment of Jonathan Quirk as Senior Non-Executive Director. Jonathan Quirk has over 40 years of experience in the financial services sector. As a qualified Chartered Accountant, Jonathan previously held positions at Morgan Grenfell and Deutsche Bank in their capital markets divisions. In 1997 Jonathan became a Founding Director of Cairnsea Investments Ltd, an investment company, where for the last 15 years he has specialised in investing in quoted and unquoted small companies, particularly in the financial and natural resources sectors and more recently has focused on China.
cottoner
11/11/2016
20:33
Brwo The contracts for mackerel with 2 different Scottish companies accounts for much more than 1% of turnover. I haven't got time to look up the details now, but will post over the weekend. Great to have your input. Doesn't matter that we disagree.
galeforce1
11/11/2016
19:50
galeforce1 This is exactly the same fraud as Naibu, Camkids and the rest. We've seen it all before many times. It does not seem to stop people thinking that this one is different. There is a small real business here but nowhere near the size being reported. The guys at the top, the criminals, are the ones publishing these financials which are frankly comical.
brwo349
Chat Pages: 334  333  332  331  330  329  328  327  326  325  324  323  Older
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:42 V: D:20161211 00:21:45