Aquatic Food Share Discussion Threads

[wstirrup] 11/4/2016 18:24

9p mid/average? WTF?

W.

[wstirrup] 02/4/2016 02:09

Their web-site shows some very interesting facilities. They appear on the surface to be aiming for credibility, though the tanking of the Chinese stock market may have also dampened enthusiasm.

BUT China has 1.4billion people and their one child policy is being relaxed, so lots of growth opportunity in sea-food, and value added produce - the Chinese equivalent of Sushi etc.

However, the Fukushima disaster may also impact all China's customer's perceptions of sea-food, if the number of Becquerels turning up on American shores is anything to go by... The Chinese may be looking to purchase from overseas suppliers, who may be perceived in a better light.

And an illiquid stock will inevitably lead to wide spreads.

[commander t] 16/2/2016 11:55

125% spread. I've never seen this before. 18p to buy, 8p to sell.

[commander t] 15/2/2016 21:35

100% spread between bid and ask now.

[someuwin] 09/2/2016 10:44

Done up like kippers.

[caradog] 03/2/2016 10:29

Finance director resigns with immediate effect. Why is that not a surprise?

[cottoner] 15/1/2016 07:37

Another buy of 25,000 shares by the same director Jonathan Quirk , he now holds 75,000.

[cottoner] 15/12/2015 15:58

A buying frenzy. :-)

Buy of 20,000 @ 25.8 yesterday.
Buy of 10.000 @ 26.65 today.

[cottoner] 10/12/2015 07:34

Another buy of 25,000 shares by the same director Jonathan Quirk which is very encouraging.

[blomers] 21/11/2015 12:17

I don't think it's right to tar all Chinese stocks with the same brush.

However, I can see that this uncertainty would put people off in the period shortly after listing.

Encouraging that a director bought 25,000 shares the other day.

I guess this is one for the long-haul. If they continue to expand and pay dividends for a couple of years and demonstrate they are for real, then no doubt the interest will gather.

I like it a lot, so have no regrets buying shares. I'm willing to stay with it for a few years and see what happens...

[cottoner] 17/11/2015 21:08

But did any of those other Chinese stocks have a large contract with a US company?

[someuwin] 17/11/2015 20:19

I haven't followed them all, but certainly some of them paid an initial dividend. This is how the 'scam' works - they use the money raised at IPO to pay early small dividend(s) to give the illusion that they have loads of money, to keep the share price up as the initial backers (Chinese) are selling in the background.

Once they have all sold out they need to put out a reason why the cash been used up / disappeared.

At this stage the valuation is tiny. Most investors have deserted. The Nomad quits. Shares suspended - game over.

Not saying AFG is a scam too - but most of the others seem to have been. Thus the lack of interest here.

[blomers] 17/11/2015 20:06

Did those stocks pay a dividend within 7 months of listing?

Maybe I'm just touchingly naive, but I don't see anything worrying here other than the weirdness of today's price drop

If the price had slumped because there were hundreds of transactions of millions of shares I could understand, but one transaction of 1,368 shares worth a whopping £314.64 wiping out £6.5m from the market cap - duh??

[someuwin] 17/11/2015 19:46

...Probably because nobody believes the numbers (or the level of cash they claim to have) and assume this will turn out the same as all the other duff Chinese stocks that list on AIM - CAMK, JSI, JQW, NBU, CTEK etc.

[blomers] 17/11/2015 19:17

I've never posted on one of these threads before, but felt moved to today, as I don't really understand what's going on here.

I've seen shares tank after a dire trading update predicting huge losses, but surely a drop of over 19% on an update showing revenue up by 20% shouldn't have this effect? It's not a glowing trading statement, but it's not made me want to panic and sell my shares.

In fact, it's hardly made anyone panic and sell their shares. The only trade today was one sell of 1,368 shares! That person must have been mightily impressed at the effect selling 0.0012% of the shares had on the price.

And how can any share end up with a spread of 50%? I thought 30% was extreme, but this is ridiculous.

I remain thoroughly bewildered...

[caradog] 17/11/2015 08:04

Chinese company with inexplicably high growth in a mature industry floats on AIM intending to use cash to build new facility. Releases update revealing squeezed margins, increasing receivables and distributors beginning to ask for extended payment terms.
Sounds familiar?
Expanding into tightening market and targeting growth into supplying supermarkets isn't a good strategy in the UK. Why should it be in China?

[wstirrup] 11/11/2015 23:05

double post... oops.

W.

[wstirrup] 11/11/2015 23:05

Still, my last top up was below 30p, so - smiles all round... :¬))

W.

[someuwin] 28/9/2015 08:02

Aquatic Foods Group PLC

28 September 2015

Press Release 28 September 2015


Aquatic Foods Group Plc

("Aquatic Foods" or the "Group" or the "Company")

USD 15.4 million US export contract secured

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 that it has signed a significant one year sales contract with Yihe International Corporation ("Yihe"), a leading seafood wholesaler and high volume processor, supplying premium seafood products to the United States ("US"). The contract is expected to benefit the fourth quarter of the current financial year as well as 2016 with the subsequent prospect of repeat business.

The contract, which represents a total value of USD 15.4 million (approximately RMB 99 million: GBP10.1 million) is to supply Yihe with 11 separate seafood products over the course of one year. This new major contract marks a considerable increase in trade undertaken between Yihe and the Group, which in previous years averaged at approximately RMB 6.2 million per annum. Yihe is the largest importer of salmon products into the United States with its seafood product being sold into 24 different retailers throughout the US, including a number of major US supermarkets such as Walmart and Fareway.

The products will be sold to Yihe under Yihe's own brands. Exports accounted for 9% of Group sales in 2014, with the US accounting for 2 per cent of the Group's international sales in 2014, Aquatic Foods plans to increase its international product and brand awareness while growing export sales, as outlined in the Group's Admission Document. The agreement with Yihe not only immediately increases export sales, but also places Aquatic Foods in a strong positon for future expansion into the United States.

The Board of Aquatic Foods believe that the US seafood market has high growth potential and the agreement with Yihe marks an exciting phase within the Group's development. Over three quarters of the seafood products consumed in the United States are imported from other countries around the world, and in 2013, it showed the potential of the US market as consumer awareness grows of the health benefits associated with seafood products(1) .

(1) Seafood Choices: The U.S. Seafood Supply:

The Group will be supplying Yihe with one of its market leading brands, Ocean Eclipse as well as Alaskan Jack's, which uses a range of different flavoured marinated salmon filets. As part of the contract, the Group has agreed to maintain its usual high standards of adhering to strict quality and inspection controls. Aquatic Foods considers its adherence to these standards to be a key strength, which has helped the Group build a strong track record of supplying its products to overseas markets. This key strength is proven through the Company passing Walmart's stringent food safety standards, which was a pre-condition of Yihe choosing Aquatic Foods' to supply products to the US.

Li Xianzhi, Chief Executive Officer of Aquatic Foods Group Plc, said: "The Board is pleased to sign this significant contract with Yihe. Whilst Aquatic Foods has experienced high growth within the local PRC market in recent years, the export market remains an important source of revenue for the Group. As a leading PRC marine foods and seafood processor, Aquatic Foods' adherence to internationally recognised high standards of quality, safety and sustainability provides confidence to both local PRC and overseas suppliers alike. We very much look forward to working with Yihe over the next year and delivering our high quality seafood products under their brands.

"The Group remains committed in growing export sales, leveraging on our already established position in the market, while still investing in building the Group's own brands in the PRC. The Board is confident that additional sales enquiries from overseas will follow, particularly following our successful listing on AIM, which strongly enhances the international corporate profile of Aquatic Foods Group."

- Ends -

[wstirrup] 20/9/2015 16:12

Looks like the thread is suffering from low interest rates "someuwin" ... :¬)

Still as soon as funds are available, I think, I'll be topping up.(if they remain at this low valuation)

W.