Asian Citrus Share Discussion Threads

[hosede] 30/12/2015 12:35

Varies
If the write down due to Xinfeng is 850 million Yuan - doesn't that negate all the cash. I think they are a victim of global climate change - warmer wetter weather I suspect , increases the potency of the diseases they have suffered. They were at one time doing very nicely and paying good dividends. I have reduced my holding substantially

[piedro] 30/12/2015 11:07

varies,

- orchards do become risky if basic sanitary procedures are not respected
- use of too much pesticide and fertilizer is like "flogging a dead horse"
- carelessness could spread the disease to the other plantations

AIMHO

[targatarga] 30/12/2015 10:49

They may be producing but are the oranges sold via the back door... As for the fertilizer/sprays is it sold on?

[deanowls] 30/12/2015 10:49

Two things with the cash,

1) if it is there would the local authorities allow them to even take it out/do a capital return? Why have they not done this already?
2)Is it with a large bank or one that is locally ran where it may be invested in other dubious enterprises.

I have never known a company to be this unlucky, whats next. What of the issues with the pesticide company.

Does the founding family still have ultimate control, what is happening with the juicing plant?

too many questions and too much guessing for me

[varies] 30/12/2015 10:33

I must be very naïve as I thought that the Xinfeng plantation would return to 80% of its former production within a few years.
So we are now left with the other two plantations, the processing business and, presumably, quite a lot of cash.
I wonder whether the directors will provide us soon with a revised statement of our assets. I rather doubt it.
Being a shareholder here has taught me at great expense that growing oranges can be a risky business !

[liquid millionaire] 30/12/2015 08:44

Perhaps in the future as with PLE it will de-list from AIM and just be listed in Hong Kong?

[rupe1958] 30/12/2015 08:42

Interestingly, this is .90 HK$ on the bid in Hong Kong (which is .078p), and it is .0525p on the bid here in London.
Quite a gap.

[liquid millionaire] 30/12/2015 08:34

spob

As much as i hate to agree with that w*nk*r i think that is indeed correct.

If ACHL really was a fraud wouldn't it of unravelled some time ago as it has been around for ages and ages?

Someone mentioned new management....that is most probably the answer and this time can we please have "lucky" management!!!!

[spob] 30/12/2015 08:31

zangdook

Wrong

Looking back at ACHL rns statements over the last year, I have only seen it in one recent rns.

[zangdook] 30/12/2015 04:40

spob 29 Dec'15 - 19:40 - 4312 of 4316 0 0

" Shareholders and investors are advised to exercise caution when dealing in the shares of the Company "

Whenever you see words of this nature in any RNS, the company is telling you your shares are likely worthless.

You've been around long enough, surely, to know that that sentence is a standard HKEx disclaimer which is in every announcement regardless of how the company is doing.

[cockerhoop] 29/12/2015 22:58

Piedro,

The auditors have already alluded to fraud in the buying of fertilizer/pesticide from un-registered companies that they couldn't verify (ie they are a fiction).

[piedro] 29/12/2015 21:42

My take has been that it is a case of incompetence rather than fraud and I look forward to changes in the BoD

Time will tell

[spob] 29/12/2015 19:40

" Shareholders and investors are advised to exercise caution when dealing in the shares of the Company "



Whenever you see words of this nature in any RNS, the company is telling you your shares are likely worthless.


I'm not saying this to be nasty or to poke fun at those who have lost money here. I'm just telling you from experience, to take out whatever funds you have left and reinvest them somewhere else. Somewhere where in all likelyhood you will have a much better chance of recouping some of your losses.

This is just my own personal opinion based on past experience of monitoring such situations.

If you are not sure speak to a qualified financial advisor. (Of which I am not)

[bisiboy] 29/12/2015 19:35

do they pay a lease on the land?

[spob] 29/12/2015 19:28

Stay away form foreign based companies listing on the London AIM market

As I have said before, you have to question their motivation to list on an alien market rather than on their own

[jeffian] 29/12/2015 17:35

Apparently.

They went bananas too (but they all got blown down by a typhoon).

[sleveen] 29/12/2015 17:07

Do they grow lemons?

[cockerhoop] 29/12/2015 16:55

Astounded it hasn't fallen further with 33% of turnover wiped out. Assuming of course the turnover actually existed in the 1st place. They did manage to siphon (I mean spend) some more money on the pesticides in a fruitless (see what I did there!!) attempt to quell the spread of the disease.

Another truly awful Chinese based Aim company I'm afraid.

[jeffian] 29/12/2015 16:24

Eyes up! Another stinker of a RNS slipped out among the post-Christmas dross. Continues in the well-worn path of one disaster after another.