Asian Citrus Share Discussion Threads

[cockerhoop] 25/9/2015 20:31

From todays RNS:

'Shareholders of the Company and potential investors are advised to exercise caution when dealing in the shares of the Company.'

Too funny!

[morro] 25/9/2015 17:43

Having gone through every disaster possible it is good of the company to not forget a possible qualified audit report!!!!

[piedro] 10/9/2015 14:40

Note:

"The information contained in this announcement is based only on the preliminary assessment of ...."

Is there worse to come?

[varies] 10/9/2015 09:42

The bad news here goes on and on but we knew most of this already.
I am glad to see that the figures are to be released on 25 September. Once we have licked our wounds on appraising these, it may be possible to form a more positive view.

[zangdook] 10/9/2015 08:29

tttie

If you look at the heading of this board you'll see the company has a dual listing. The announcement was held back until the the Hong Kong market closed at 9am BST.

[rupe1958] 09/9/2015 14:31

So a core loss in H2 (Jan-Jun 2015) of about £40m, and a core loss in the whole year of about £60m.
Scary numbers, but luckily we still had £150m of cash at December 31st. Expect that to reduce to about £110m.
We knew all about the problems on the plantations. The surprise here is the decline in the juice condensate business. This was very profitable only 3 years ago. One of the reasons given is 'low productivity of the production equipment'. All a bit strange as I thought we had only recently built a new juicing factory!
We just have to hope for better year in 2015-2016. Surely can't be a lot worse than 2014-15.

[wigwammer] 30/8/2015 08:56

"hereford29 - 19 May 2015 - 17:05 - 4212 of 4270 - 0I also invested a lot in FCSS. I'm never selling that either. I may buy more of that though. I wouldn't buy more of this."Since 19th May, FCSS has dropped 26%, whereas ACHL has risen 50%+ from the lows where hereford warned us all to stay away.Perhaps he needs to rethink his approach.

[rupe1958] 17/8/2015 23:03

From the Overstone Global ex-US Fund July newsletter. Nothing we don't know, but perhaps of interest to ACHL-followers.

The Chinese company in the portfolio is Asian Citrus, the largest producer of oranges in China, and, as we have written recently, a victim of a variety of mishaps, principally disease in its plantations which is necessitating large-scale replanting, and typhoon damage. Despite the share price fall of 28% in the month the shares have risen by nearly a third in the year to date, supported by the cash position which is more than the market capitalisation of the company. The recent share price fall reflects the general new malaise in the Chinese market, possibly unfairly though it is disconcerting that the founder has recently sold the majority of his holding - less disconcerting that the buyer is the current chief executive.

[piedro] 29/7/2015 15:49

One to watch for ...

Citrus Greening
hxxp://www.saveourcitrus.org/index.php/citrus-greening

[wigwammer] 27/7/2015 21:56

"CAMK NBU.. ACHL next?"A unique view, brilliantly substantiated.

[lennonsalive] 27/7/2015 11:56

CAMK NBU etc

ACHL next?

Sheep? You mean because I have an opinion, honestly try again.

[wigwammer] 27/7/2015 08:22

"Looks like it"It appears sheep still have eyes.

[lennonsalive] 27/7/2015 07:50

Looks like it's heading back that way

[wigwammer] 27/7/2015 07:17

Spob had similar suspicions at 6p.It doesn't pay to be a sheep.

[spob] 16/7/2015 22:22

Well it all sounds perfectly genuine and honest to me

[hosede] 15/7/2015 19:21

Looks like the ownership of the Co. is changing in a big way - can only be a positive (IMO)

[rupe1958] 14/7/2015 07:26

25% rise in Hong Kong to 14.25p

[hosede] 13/7/2015 20:49

But yet again a negative slant is put on the (initial) announcement.

"a trading halt in the Company's shares on the Hong Kong Stock Exchange is in effect pending the release of an announcement in relation to the disposal of shares off market by a substantial shareholder"
It didn't say purchase by a director! why?

[varies] 13/7/2015 16:47

The price paid was HK$1.11 (say 9.23p @ $8.32 to the £). The last trade before this was at HK$1.37 (say 11.4p).
As Rupe says, this looks a clean break.

[rupe1958] 13/7/2015 15:11

That's encouraging. A massive share purchase by the CEO from Tony Tong and family.

It's good news that the Tong family have exited in this nice clean way, rather than selling their stock over days or weeks.

[varies] 13/7/2015 09:53

The announcement on the HK stock exchange does not read exactly as reported here.
On the HKSE we are told that the trading halt announcement relates to THE substantial shareholder of the company having signed a document to dispose of shares in the company off exchange.
The difference in wording may not have any significance and we should be given more details soon.
We do seem, at least, to have been spared by Typhoon Chan-hom. My assumption is that this headed north after landfall, losing strength quickly and just missing Shanghai.

[rupe1958] 13/7/2015 09:33

At least the typhoon Chan-hom seem to have missed us, which must be this company's first bit of luck in about 3 years!

But now we have a temporary suspension of trading on the HKSE pending an announcement re. a major disposal of shares, presumably at a level below the market.

On the positive side, this might mean that the company has a acquired a strong new long-term shareholder.