Share Name Share Symbol Market Type Share ISIN Share Description
Aquatic Food LSE:AFG London Ordinary Share JE00BQQG1J93 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 12.50p 0.00p 0.00p - - - 0 06:30:30
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Food Producers 10,229.1 1,900.0 13.1 0.9 14.15

Aquatic Food Share Discussion Threads

Showing 8476 to 8495 of 8500 messages
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DateSubjectAuthorDiscuss
11/8/2017
17:51
According to the web-site - last updated 7/8/2017... Corporate Governance The UK Corporate Governance Code, which was updated in September 2014 (with effect from financial years commencing after 1 October 2014), applies only to companies on the Official List and not to companies admitted to AIM. However, the Existing Directors and the Proposed Directors recognise the importance of sound corporate governance and intend that the Company will observe the requirements of the UK Corporate Governance Code and the QCA Guidelines to the extent they consider appropriate in light of the Company's size, stage of development and resources. The Company will review this arrangement as the Company develops. The Company will hold regular Board meetings throughout the year at which reports relating to the Group's operations, together with financial reports, will be considered. The Board is responsible for formulating, approving and reviewing the Group's strategy, budgets, major items of expenditure and senior personnel appointments. Pursuant to the Articles (further details of which are set out in paragraph 8 of Part V of this Admission Document), the non-executive director designated by resolution of the Board as senior non-executive director shall have a second or casting vote at Board meetings. Jonathan Quirk is the Company's Senior Non-executive Director. The Company will establish the following committees of the Board with formally delegated duties and responsibilities: Audit Committee The audit committee comprises of Richard Sweet, Mircle Yap Ching Chai and is chaired by Jonathan Quirk. The committee will receive and review reports from management and from the auditor relating to the interim and annual accounts and to the system of internal financial control. The audit committee will be responsible for making recommendations to the Board on the appointment of the auditor and for approving the terms of engagement and remuneration of the auditor. The audit committee will also review reports from management and the Company's auditor on the financial accounts and internal control systems used throughout the Group. Remuneration Committee The remuneration committee comprises of Jonathan Quirk, Dr. Wang Shaodong, Mircle Yap Ching Chai and is chaired by Richard Sweet. The role of the remuneration committee will be to determine and agree with the Board the framework or broad policy for the remuneration of the Directors and such other members of the executive management of the Group as the remuneration committee considers appropriate. This will be done within the terms of the agreed policy, and in consultation with the Chairman as appropriate, to determine the total individual remuneration package of each executive director and other senior executives including bonuses, incentive payments and share options or other share awards, in all cases with due regard to the interests of Shareholders. The remuneration committee will also be responsible for reviewing the design of all share incentive plans for approval by the Board and, if required, Shareholders. For any such plans, the remuneration committee will determine each year whether awards will be made, and if so, the overall amount of such awards, the individual awards to executive directors and other senior executives and the performance targets to be used. In determining such remuneration packages and arrangements, due regard will be given to any relevant legal requirements, the provisions and recommendations in the AIM Rules and the QCA Guidelines. Nomination Committee The nomination committee comprises of Jonathan Quirk, Richard Sweet, Mircle Yap Ching Chai and is chaired by Dr. Wang Shaodong. The role of the nomination committee will be to assist the Board in discharging its responsibilities relating to the composition and make-up of the Board. The nomination committee will be responsible for evaluating the balance of skills, knowledge and experience of the Board, the size, structure and composition of the Board, retirements and appointments of additional and replacement directors and making appropriate recommendations to the Board on such matters. AIM Compliance Committee The AIM compliance committee comprises Dr. Wang Shaodong, Mircle Yap Ching Chai, Li Xianzhi and is chaired by Jonathan Quirk. The role of the AIM compliance committee will be to ensure that the Company has in place sufficient procedures, resources and controls to enable it to comply with the AIM Rules for Companies. It is intended that the AIM compliance committee will make recommendations to the Board and proactively liaise with the Company's nominated adviser on compliance with the AIM Rules. The AIM compliance committee will also monitor the Company's procedures to approve any share dealings by directors or employees in accordance with the Company's share dealing policy and ensure such dealings are notified to the Company's nominated advisor in accordance with the AIM Rules for Companies.
wstirrup
11/8/2017
11:50
If it does get re-listed, then the Chinese ought to be kicked off the board... AND/OR a copy of the Companies Act thrown into their cell while they await the court's decision... W.
wstirrup
25/7/2017
17:35
I spoke to the senior NED. He is still hoping to get this re-listed. That seems optimistic to me, but let's hope he's correct.
galeforce1
24/7/2017
23:36
Cheers BRWO... You really have cheered me up... NOT!... ;¬/ W.
wstirrup
13/7/2017
22:35
That's the longest of long-shots. If this company really did have all the cash it claimed, and made all the profits it claimed Li Xianxi would have bought the shares at a much, much higher price. As I said before the shares fell to such an impossibly cheap price the company had to be a fraud. There may be a very tiny real business somewhere in amongst all the falsified accounts but I doubt it's worth more than a penny a share.
brwo349
10/7/2017
16:26
Wstirrup Yes, unfortunately. I think the only hope of recovering something here is if the company decides to make a tender offer for shares. There are 113m-odd shares. Li Xianxi owns 45% of them. So the remaining shares at suspension price wouldn't cost him that much. The senior NED is a shareholder, so hopefully he's pushing hard for some kind of deal.
galeforce1
10/7/2017
15:37
Are shares still suspended?
wstirrup
01/7/2017
19:01
For Po Ling. I think when people see an a vacancy for a role - most people do not look at the company share price and other publicly available info, well not in depth. We as investors would probably do just that before applying for the job. Or she saw what we saw but the remuneration package was big enough to take a gamble and it would work out. I gave Po the benefit of the doubt and I thought she could turn the boat around, but she hasn't been able to. No reason was given for the resignation and no CEO "we wish her the best in her future endeavours" usual spiel. (I didn't invest)
stampylong trader
01/7/2017
17:23
Here's an update from Shareprophets Credit where credit is due. They've called this right from the day of its IPO. hxxp://www.shareprophets.com/views/30075/aquatic-foods-now-fd-walks-who-could-have-thought-this-was-a-china-fraud-roll-of-shame
brwo349
30/6/2017
20:50
As I posted months ago any stock on a PE ratio of 1.5 with 3-4 times more cash in bank than market cap HAS to be a fraud. There is simply no alternative explanation. An undervaluation of this magnitude would never happen. It could never happen. Ever.
brwo349
30/6/2017
20:40
Mattjos, Jeezo, what are you her husband? She was the financial director of the world's cheapest stock. It was on a PE of 1.5 and had 3 or 4 times more cash in the bank than its' entire market cap for god's sake! Duh! Hello? Is there anyone at home? This stock was absolutely drowning in a sea of red flags but apparently she didn't see any.
brwo349
30/6/2017
18:37
Plus it adds a time fudge factor
buywell3
30/6/2017
18:02
Well done Po Ling .... brave decision but, given the circumstances, the correct one.I'm quite sure the CEO only recruited her to help try and use her pedigree to add a veneer of professionalism over the dodgy activities in the company.No way she should be tarred with this particular brush ... all the time she was at WCC, she was excellent.Far better honest endeavours & opportunities for her talent elsewhere.
mattjos
30/6/2017
17:30
Press Release 30 June 2017 Aquatic Foods Group Plc ("Aquatic Foods" or "AFG" or the "Group" or the "Company") Aquatic Foods Group Plc (AIM: AFG), a leading Chinese marine foods and seafood processor and producer supplying to export and local markets announces that the Company's Finance Director, Po Ling Low, has resigned from the Company and will cease to be a director of the Company with immediate effect. Ms. Low will continue to assist the Company with the finalisation and publication of its accounts for the year ended 31 December 2016 in the near term. A search for a replacement has been initiated and further announcements will be made in due course.
someuwin
29/6/2017
19:21
So something a bit fishy about these goings on you think I like a little fishy when the boate comes in , on my little dishy that is. I also like a nice chinese once every wee while
buywell3
29/6/2017
11:38
Look at the web sites of Sorbic and China Food Company. Same layout, same chairman, same address, same fate. htTp://www.chinafoodcompany.com/investor-info/plc-board.php htTp://www.sorbicinternational.com/investor-info/plc-board.php Even city types were foolish enough to invest: htTp://amatiglobal.com/viewpoints.php?entry=7
caradog
29/6/2017
11:36
Wrote about this company last year and warned people that the cash in their balance sheet isn't transparent because accounting and auditing in China are more obscured than in West. Don't you find it strange that a company with 5 TIMES cash over MKT.CAP. FAILS to report their results? A different company would be dying to report their numbers. Here is a re-cap of my analysis HERE: - http://bit.ly/2tsq0LM Also, I noticed Leon Boros has made some positive comments on my post at Stockopedia. Thanks for the kind words!! You can read it here: - http://bit.ly/2s51tIh
walbrock82
29/6/2017
11:16
JQW,Sorbic etc etc htTp://www.shareprophets.com/views/12043/sorbic-finally-admits-ceo-has-stolen-all-its-cash-but-it-could-well-be-worse-at-this-china-aim-fraud Not to mention multiple similar scams in Germany. Any remaining shareholders should ponder this: If they can't transfer money to pay accountants in Jersey, how will they transfer cash for dividend payments? How can they buy fish from Norway?
caradog
29/6/2017
10:49
..Taihua (TAIH)....Asian Citrus (ACHL) .... further back: CYC Holdings, RCG etc etc
mister md
29/6/2017
10:02
Indeed, brwo, I posted some weeks ago the two non-execs, Sweet and Yap, had overseen catastrophic destruction of shareholder wealth in other companies, and that Yap was being economical with the truth in claiming he had a masters degree. No response. WCC share price collapsing some months after Po Ling left, amid concerns about accounting methods. Faith unshaken. The repeated AIM flotation of dubious Chinese companies is just another example of gross failure of regulation - Camkids, Naibu, China Chaintek, etc etc. Just read this: htTp://www.investegate.co.uk/naibu-global-intl-co/rns/shareholder-update/201706220700068085I/
caradog
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P:40 V: D:20170926 05:44:30