Asian Citrus Share Discussion Threads

[buywell2] 06/4/2015 09:29

So

Who thinks climate change is here to stay ; or, will this year go away ?


That is the current situation as I see it

[wigwammer] 05/4/2015 22:44

Post 4102.Your post has nothing to do with where ACHL is heading, or what it is worth.But hope it helps you deal with your losses. Thank you anyway.

[hereford29] 04/4/2015 19:05

It is a company lacking in decent corporate governance with an inept management team, there is nothing remotely credible or convincing about their presentations. The share price tells the story, if it was a well run company that hit its targets and acknowledged the impact and risks of typhoons in advance, it wouldn't have lost 90pc of its value since 2011. Even when the typhoon hit, they still released a Mickey Mouse report by one of their paid brokers, saying how they had things under control and they should be able to get back to profit.

[rjmahan] 02/4/2015 18:42

This is a good answer IMHO...

[muffinhead] 02/4/2015 16:56

[e-mail]


Dear investor,


Thanks for your email. We built our first plantation in Hepu in earlier 90s and there were not many insurance policies covered damages caused by natural disaster in China.



There are two levels of damage, first of all, assets, the second is damage of crops. Taken into accounts 1) the possibility of natural disaster, 2) level of insurance premium, 3) reliability and barrier of claims and 4) geographic area and own prevention facilities, the board decided to insure on ‘assets’ only, to meet the requirement of corporate governance (i.e. loss of crops is not covered by current policy).



Our current insurance premium is 0.1% of agricultural and production related “assets” at the moment (ie The annual insurance premium is about RMB1.3m). If we insure against loss of crop, the annual insurance premium would be around 6 times more compare to what we are paying (1.3m x 6 x 15 years = RMB117m). For your information, our impairment loss recorded from this typhoon is RMB36m.



As an operator, we have to consider the cost and benefit as well. In additional, to successfully recover damages from insurance company for the loss of crop caused by natural disaster claim need to go through quite a numbers of inspection and procedures.



Best regards,

Asian Citrus Holdings Limited



I think the implication is that after considering a risk assessment, they are not expecting another serious typhoon in the next 15 years or longer. There may be some recovery to be expected for damaged or destroyed agricultural and production related “assets” which were insured

[hereford29] 01/4/2015 13:29

The company have consistently put out misleading statements, the last research note promising better times ahead and a strong focus on corporate governance was released when the devastation from the storms was already in the news. Orange sales numbers have always been misleading in my opinion. The problem with this company is the management, who should have been entirely replaced by responsible and experienced Agribusiness Professionals who understood risk management, back in 2011.

[buywell2] 01/4/2015 07:04

All this has proved to date is that climate change has made it almost impossible to grow oranges in China in any meaningful commercial quantity.

Cash as I have said before would no doubt best be used to buy plantations elsewhere if the company believe the future is orange.

[zangdook] 01/4/2015 05:45

Envirovision is the definition of clueless. He used to pay tax he didn't owe because he trusted his "ideas" about the tax rules above the clear letter of the law on the HMRC website. It's really best to ignore him.

[wigwammer] 31/3/2015 22:22

Rjm - I think that's the right way to think.Also, payoffs. If we're wrong - we probably lose 90%+. But if we're right, the payoff will be some multiple of the current price.The shares wouldn't be at 5.5p without the cynicism surrounding chinese aim shares. So we should welcome it. But all you're really backing is that baker tilly and deloittes know more about this business than a group of consensus hugging amateurs living on the other side of the planet.

[envirovision] 31/3/2015 22:16

Pump your money in. Enjoy !!! Best of British!(or shd say Burmudian / Chinese. Etc).

[wigwammer] 31/3/2015 22:09

Yeah, I'm a self serving egotist that is happy to take people's shares off them when they're at max vulnerability. And you're the cynical, doubt inducing obscurity that helps me do it.So I forgive you.60%+ on cpx, ta very much.

[rjmahan] 31/3/2015 21:35

No credible evidence this is fraud.
No controlling shareholder - as with most other aim frauds.
Credible auditor
Credible source of cash
Credible reasons for poor performance last few years

I think this will 10 bag - having said that I have taken substantial losses on this stock - more than any other in my 14 year investment career.

I am also open to the possibility of fraud and wont bet everything on this...

[envirovision] 31/3/2015 21:10

You show yourself for who you are.There are a declining cohort of credible bulld here.They are a very rare species indeed.

[wigwammer] 31/3/2015 20:39

Post 4088. Check cpx... Clueless.But I forgive you.

[buywell2] 31/3/2015 17:11

And all washed away into the nearest river and hence sea to cause Endocrine Disruption damage to fish and those that eat them ... eg us


Rupe1958 26 Mar'15 - 10:02 - 4071 of 4088 0 0

Envirovision - I checked my figures for 2013-14 and they are correct.
Fertiliser cost for full year - £35m
Pesticides cost for full year - £12m

[envirovision] 31/3/2015 17:06

Yea I am dull and boring I agree.

Its interesting in that presentation that its entire growth strategy relies on the following: Strengthening market and competitive position

I guess you cant help it if your competitors don't have serious bouts of cryogenic freezing rain, Citrus Canker and Typhoons.

Perhaps if they could heap on some additional insecticide and increase per ha tonnage of fertilizer it may just offset the cryogenic, canker and typhoon stuff ?

[wigwammer] 27/3/2015 09:14

And there has NEVER been any corporate interest in bombed out Chinese stocks with overseas listings..http://www.law360.com/articles/444873/private-equity-sees-bargains-in-dinged-up-chinese-stocks

[wigwammer] 27/3/2015 09:07

Has no interest whatsoever in communicating a sensible, up to date and positive message to shareholders..http://www.asian-citrus.com/pdf/Corporate%20Presentation_achl_20150226.pdf

[wigwammer] 27/3/2015 09:04

Always using the weather as an excuse to drive the shares lower... For immediate release 20 August 2012 Asian Citrus Holdings Limited("Asian Citrus" or "the Group")UPDATE FOLLOWING TYPHOON KAI-TAKAsian Citrus, the largest orange plantation owner and operator in China, announces that the Company is not aware of any material damage to its orange trees in the Hepu Plantation despite Typhoon Kai-Tak, which hit the Hepu county of the Guangxi Zhuang Autonomous Region last week. The Group has implemented precautionary counter-measures, including wind breaks planted around the Hepu Plantation, designed to protect the orange trees inside the plantation from typhoons and other adverse weather conditions.

[wigwammer] 27/3/2015 09:00

Read how the CEO purposely talks prospects down in the last AR:"Although I only accepted this position in March this year, it is already clear to me that, with their continued drive and determination, we can continue to deliver for our customers, our communities and our shareholders, building a bigger and better business for the years to come."Outrageous.

[wigwammer] 27/3/2015 08:56

Too right rjm, no interest in this dog.WOOF!

[rjmahan] 27/3/2015 08:46

We don't need another thread there is too little interest as it is...