Aquatic Food Share Discussion Threads

[someuwin] 10/9/2015 08:06

Revenue up 26%

Half year net profit £8m

Half year eps 7p

(Full year estimate 14p? PER 2?)

cash £36.7m

Mkt cap £32m

2.3% div payout for 6 months

[rupe1958] 10/9/2015 07:39

That all looks very solid. Sales growth 26%, but profit margins maintained. Profit before tax £10m. Not bad for a company with a map of £33m.

Interim dividend of 0.7p, and a sensible policy re. dividends going forward. Aiming for a 4% yield with the shares at this price.

I know nothing about Jonathan Quirk, the new NED, but am pleased to see that he's a qualified accountant.

I'd like to buy a few more AFG, but would like to see a narrower spread. It's been 25-35 for a while.

[someuwin] 12/8/2015 11:11

No prizes for guessing where this latest china stock will magically make its so called 'cash' disappear...


"...The Group is progressing discussions in relation to the requirement for increased processing and cold storage capacity and will update the market in due course."

[rupe1958] 27/7/2015 08:19

Well done Stirrup. I also have a small initial holding.
A big spread only indicates that the price is wrong. It is nonetheless always irritating to make an instant paper loss on a purchase.

[wstirrup] 26/7/2015 20:20

Put a small order in while they're at giveaway prices...

And as I said in my last post... This has long term growth written all over it. As to spreads, they will narrow with a higher profile, and more trading.

If it is easy to move the price around, holders will obviously widen the spread until they're moving 7figures daily.

As for me, these are bottom drawer for my pension pot, with promise of a divvi, - everyone's a winner.

W.

[rupe1958] 20/7/2015 07:59

Well, this morning we have a double bonus. Trading statement says turnover 26% up on last year, and the deputy chairman John McLean is departing. Hopefully his replacement will be a more heavyweight figure. Perhaps he might even buy some shares in the business, something none of the gang of well-paid blokes who are NEDs to these Chinese co.s ever seem to do.

I think today has to be the day when I cross all fingers and start a position here. But the spread is daft.

[rupe1958] 19/7/2015 18:03

Pugugly - this business definitely has no institutional support at the moment, and no PI following either. So it only takes one determined seller to move it down very sharply.

The lack of Institutional support might be down to the reputation of John McLean (the deputy chairman) but it might be just because it's a Chinese company quoted on AIM. The II's just don't want to know, however cheap the business. Look at JQW, 550th most visited website in the world, making £20m per year and with £40m cash on the balance sheet . It's current market cap is £15m and there is no volume at all. It's worth 1% of 'Pets at home'.

Personally I think AFG has got to very tempting at this level. The business definitely seems to be in a good space. If they stick by their divi guidelines (2% at launch price of 70p), then the divi should now be more like 5% or 6%. The cash on the balance sheet is probably getting close to the market cap.

But it takes courage to buy when it's in free fall. Probably better to wait and see for the moment.

[pugugly] 17/7/2015 17:01

Anyone still following ? Share price starting to look like the usual Chinese Takeaway.

Rupe: Thanks for your research on the Deputy Chairman - Could the share price decline be related ?

[rupe1958] 20/5/2015 09:25

This looks interesting. Profitable, growing fast, strong balance sheet, market cap only £52m, P/E of 3. And in a great space - providing high protein, high-end seafood for the growing middle class in China.

I like the nice predictable divi policy - guiding to a modest yield of around 2.5% in 2015. Makes a change from other AIM listed Chinese companies who stop and start their dividends all the time, causing bad feeling with investors and serious misunderstanding.

One thing that's very off-putting is the spread, which is about 15%. A huge spread like that indicates that the price is wrong. Either too expensive or too cheap. I think this is probably too cheap.

The board could be stronger. Deputy Chairman John McLean's association with China Food Company isn't great. A Google search tells me this de-listed from AIM in December 2014 after failing to file accounts. Surely they could have found a better candidate?

He was also Chairman of Sorbic International. Also suspended (1st May 2015) 'pending clarification of the company's financial position'. Not great.

But definitely watching this, and will hopefully start a position when I feel better informed.

[wstirrup] 07/5/2015 22:52

GMM... I'm already in profit, and I suspect they will become the Chinese Equivalent of Ross Frozen Foods, Findus, or Birds Eye...

I'm not suggesting this time next week, but perhaps 10-15 years from now.

And you beat me to setting up a thread. So, Well Done.

W.

[hectorp] 30/9/2009 20:38

Metamorphosis is touting this share on other threads. So I've filtered him.
I propose this one is being touted by the management , to pull in suckers.
Avoid.

[waxman3] 12/12/2007 13:32

I see that Gusie Gordie Brown is going to spend millions upon millions in Afganistan to win over the people.

Where will he get the money form?. Could it be he will raise taxes even higher?

Hell people as I see it listening to shoppers in the supermarkets, and at the pumps its going to be a bleak rip off time, aahhmmmhhh I really meant Christmas time for many.

The money going to Afganistan, which is not our war in any event, is much needed at home--so why give it away on lost causes?

And in any event let us assume that we subue Afganisatn and bring them on line to Western ways---do you really think that will thank Britain for it.

Brown need to undertsand why these people insist on wearing last month's dirty laundry on thier heads, when he does that bet he will pull our boys out---double quick!


Have a little read a see what you think!

Afghan battle 'being won' - Brown

Prime Minister Gordon Brown has told MPs forces are "winning the battle against the insurgency" in Afghanistan.

He said Britain and its coalition partners were "isolating and eliminating the leadership of the Taleban, not negotiating with them".

But he supported Afghan leaders' moves towards "political reconciliation" - including with former insurgents now prepared to denounce the insurgency.

He also announced £450m development funding and more equipment for troops.

He said he wanted to build on military progress and help Afghans take more responsibility for government, security and economic development.

Newspaper reports had suggested that Mr Brown would say it was "time to talk" to the Taleban.

No negotiation

But outlining his strategy in the House of Commons, the prime minister said: "Our aim is to build and eradicate the Taleban insurgency and to isolate the leadership. We are not negotiating with the leadership and I don't propose to do so."

He added he wanted to support Afghanistan's president Hamid Karzai in his efforts towards "political reconciliation" - which might include "bringing across" former insurgents who were now prepared to denounce it.


The solution to an insurgency is a political one
Lt Col Richard Eaton

Tory leader David Cameron suggested newspapers had been briefed before the announcement, leading to "conflicting statements".

Earlier Lieutenant Colonel Richard Eaton, a spokesman for British forces in Helmand, told the BBC: "Ultimately we are in an insurgency here and the solution to an insurgency is a political one.

"I think there is always scope for negotiations and there will be some members of the Taleban who are reconcilable and there will be some who are not - it's a question of striking the balance."

Also in his statement, Mr Brown urged President Karzai to press ahead with "targeted eradication" policies against the poppy crop in Helmand.

And he announced £450m for "development and stabilisation assistance" between 2009 and 2012, as well as 150 new protected patrol vehicles and extra Sea King helicopters.

While Mr Brown visited UK troops at Camp Bastion in Afghanistan on Monday, Afghan and Nato forces, including British troops, were engaged in a fierce battle to retake Musa Qala, which fell under Taleban control in February.

Sgt Lee Johnson, 33, who was serving with the 2nd Battalion The Yorkshire Regiment, was killed in the assault.

The number of UK troops killed on operations in Afghanistan since 2001 now stands at 86.

The UK currently has about 7,800 troops in the country.

Story from BBC NEWS:


Published: 2007/12/12 13:18:37 GMT

[ginkyky] 24/2/2006 15:05

The most important facts you should all remember:

1) The huge short positions which will provide both fuel and floor for this great gold bull market.

2) The emerging dispute between central banks themselves regarding the gold reserves.

3)Thousands years history of gold as money.

4) Depleting gold reserves and stagnating to declining gold mining production that even the most sophisticated technology could not improve.

source :

[wstirrup] 16/12/2005 10:54

For those still with an interest in AFG, the new thread is as follows...



THIS thread should therefore not be posted to but read for reference purposes.

Regards to all holders past and present.

W. S.

[no1smudge] 07/12/2005 10:21

Gold sentiment is bullish.
In my opinion gold price is likely to be $ 520+ pre christmas and a steady $550 by end of first quarter with world banks gradualy getting more interested. This is one of a small group that could capitilize next year IMHO
Plenty of articles exist to back this up

[bluedolphine] 05/12/2005 23:05

get in before the rush ;-)

[no1smudge] 01/12/2005 16:04

$500 gold price BROKEN...Getready for take off!

[no1smudge] 28/11/2005 09:53

Gold price about to touch $500 this week. New resistance level to break but if it does there aint no stoppin it!

[no1smudge] 21/11/2005 09:18

thanks for the update morgannm

[morgannn] 20/11/2005 11:32

Todays telegraph business section "speculative buy".We need all the help we can get!!