Aquatic Food Share Discussion Threads

[bookbroker] 25/1/2017 08:58

Cuff link stock, bear in mind they have a tendency to cook the books!

[bookbroker] 25/1/2017 08:58

Cuff link stock, bear in mind they have a tendency to cook the books!

[theslimguy] 25/1/2017 08:55

so blatant ramping, lol.

[falia] 25/1/2017 08:50

lol caps is my trademark

[tradermick1] 25/1/2017 08:48

wow falia you have took off the caps locked :-))

[falia] 25/1/2017 08:34

next update should be around end of feb to begining of march

[galeforce1] 24/1/2017 21:11

In a nutshell, it's the China fear factor. In 2015 several Chinese listings on AIM, all from Fujian Province, turned out to be frauds. Investors lost everything. It caused a lot of damage to the reputation of all smaller Chinese businesses listed in London.

The Chinese authorities were not at all pleased about the situation, and are now supervising much more actively. This makes a repeat of the 2015 scandals unlikely. But it will take some time before even respectable businesses like AFG are removed from 'bargepole status' by most private or institutional investors. But the recovery in Haike yesterday was encouraging. Things might be changing.

[andyr42] 24/1/2017 21:01

Thanks galeforce1, I can't believe it a profitable cash rich company is capitalised at < £20M which doesn't even cover its cash reserve. What on earth is going on?

[galeforce1] 24/1/2017 20:56

Andy42

AFG's stated cash reserves in 2016:

31/3/16 - 334m RMB
30/6/16 - 417m RMB
30/9/16 - 432m RMB (£50,377m)

The Q4 trading update will probably show cash rising to over 440m RMB (£51.3m)

AFG has been criticised for raising about £9m at the IPO in May 2015, but never doing anything with the cash.

The company basically says it is waiting for the right acquisition to come along, which sounds sensible to me.

UK analysts also find the concept of any company having SURPLUS cash complete anathema. It's taken for granted that any available cash is 'distributed to shareholders' (i.e. paid out to greedy institutional investors). The Chinese tend have a more cautious approach. But AFG does seem to overdo the caution. The cut in the dividend in Sept. was really unnecessary, saving the company a princely £500,000, but sending out all the wrong messages.

[andyr42] 24/1/2017 20:47

Whoever said they have cash of £51M. Are you Sure this is correct? A takeover target if ever there was one!

[andyr42] 24/1/2017 16:38

I will keep buying this on every drop. Biggest bargain in the stockmarket imho

[falia] 24/1/2017 16:01

SOMEBODYS BUYING

[galeforce1] 24/1/2017 15:28

Looks like the Market Makers have pulled down the Bid Price to 14p to panic nervous holders into selling. Then they get some nice cheap stock they can sell for 19p.

Don't sell, and the market makers will be forced to raise the Bid.

[tradermick1] 24/1/2017 15:25

Are you 5 falia

So what if the price was x price a few years ago and posting in caps locked is
as desperate as you can get, heading for the filter again.

[tradermick1] 24/1/2017 15:23

I know it's illiquid but it is disgusting what mm's are doing day in day out with stocks like this. Not even a fair market, 4-5 spread and still screwing over a seller for another penny

[falia] 24/1/2017 15:23

THESE WERE 60P + A FEW YEARS AGO

[andyr42] 24/1/2017 15:17

day traders, not a DT stock. Buy and hold

[mister md] 24/1/2017 15:12

35798 bought at 19.54p sold at 14p ... this seems to be a hard lesson for some

[falia] 24/1/2017 14:36

THESE MOVE VERY FAST ON FEW TRADES

[phil1969] 24/1/2017 14:01

The re-rate will come. :-)

[falia] 24/1/2017 13:44

LOOKS LIKE ROUND 2

[falia] 24/1/2017 13:41

SO PRICE TARGET £1 PHIL

[mister md] 24/1/2017 12:37

All for marketcap of 19m. For those who believe in fairytales

[phil1969] 24/1/2017 12:34

PE of only 1.3Millions in the bankProfitableDividend payingSafe established Chinese firm in trusted province. No debt Small float of around 20%Many shares held by directors and family Director options ranging from 25-50pCFO ex PWCShould re rate to a more realistic PE of 5 taking into account risk. Based on figures given in Nov this would put the share price over 60pDividend well covered and set to increase again. Cash on 30th Sept 2016 was £51m equating to a further 45p per share. No reason based on earnings and cash why £1 per share shouldn't be a more realistic share price if you could rid the company of the reputation some Chinese firms have inflicted on others.

[galeforce1] 24/1/2017 12:30

It's not a good share for trading, because of the spread. When volume rises a bit, like today, the MM's push the spread right out and kill any volume.

The best thing to do with AFG is to ignore the bid price and be prepared to hold these for several months or maybe longer than that. The market cap is crazily low here and sooner or later the share price here is going to at least 50p.