Asian Citrus Share Discussion Threads

[fozzie] 09/6/2015 14:40

Nothing we haven't heard before.

[hosede] 09/6/2015 14:18

FRom share prophets - worrying

[hosede] 08/6/2015 17:43

IGM Financial sold 2.23m shares, but price goes up again - someone must be buying. - OK they do still hold 76 m

[cordwainer] 05/6/2015 17:47

Every time I see a bottle / carton of orange juice, I hallucinate the words "citrus canker" just below the word orange. At least my mobile phone company got changed to EE.

[sirhedgealot] 03/6/2015 16:11

Regrettable what has happened here. Lots of good investors have been burned....so far. Chinese is off the menu for me now. gla.

[topvest] 21/5/2015 09:38

Well I'm out. It won't be trading at a surplus to cash for very long with the enormous losses that are being racked-up.

No doubt another disaster RNS will be on its way soon so taken the opportunity to get out of my last Chinese AIM disaster story. Overall, my little experiment investing in five companies ended up with me losing 5% of my investment overall over three years. 2 good investments and 3 disasters. I will not be investing in any more Chinese companies on AIM as I don't think you can trust the majority of these companies.

Naibu, Camkids etc. you don't have to say any more really! Most of them are rather dubious for one reason and another.

[hereford29] 20/5/2015 12:04

Welcome Wigmam! Let's hope our Chairman doesn't do a Chairman Li. That would be all we need.

[rupe1958] 20/5/2015 11:30

Wigwammer - thanks for that. It's good to learn a new acronym and I can see that 'net working capital' is a useful measure.
Most agricultural businesses that I've followed have tended to finance some of their working capital through borrowing facilities. ACHL has not needed to do that, and I hope this remains the case. But there will have been quite a hit to our cash (£150m at December 31st) in the last few months.
It also worth noting that intangibles have been heavily written down here at ACHL over the last couple of years and are now quite modest. Remaining goodwill is about £30m.
Out of interest, why end your posts with 'hope that helps?'. Is this a deliberate attempt to irritate your fellow bb'ers?

[wigwammer] 20/5/2015 10:46

Apology accepted, hereford.

[hereford29] 20/5/2015 10:39

No need to be sarcastic wigwam. just expressing an opinion on the management. In any event, you didn't get hold of any of my shares on the cheap, and I don't want your filthy lucre. I don't have an investment strategy other than buy and never sell, unless the shares go up more than 50pc, in which case buy more. It really is that simple.

[wigwammer] 20/5/2015 10:33

Hi Rupe - net working capital, better measure of distressed asset value than NAV because:1) it only includes the most liquid elements of the balance sheet - cash, inventory, debtors/creditors.2) it excludes the most manipulable elements - intangibles in particular.3) it excludes the items most likely to get written off in a downturn - fixed plant, and in this case - biological assets.Hope that helps, well done averaging down.

[rupe1958] 20/5/2015 08:57

Wigwammer - that's a good point. We've only been below 10p for about 6 months. It seems longer.

What do you mean by 'NWC'? I can't believe you mean NAV, because ACHL has been trading at a discount to NAV for several years. Not just at a discount to NAV, but at a discount to cash on the BS.

Well done to be in the black at this price. My average is bit higher, despite some averaging down over the winter.

[wigwammer] 20/5/2015 08:30

Rupe - I agree it's good to see the recovery, but it hasn't been a long wait - we're only back to where we were in q4.Contrary to consensus belief Achl has not traded at a steep discount to nwc for very long in its history.Anyway, let's hope it continues - I'm now in here on a free.

[rupe1958] 20/5/2015 08:15

Nice to see the share price recovery here. It's been a long wait!

[wigwammer] 19/5/2015 17:42

Hereford - given recent experience here, it's pretty clear what your investment approach amounts to in practice. Tail wag dog.But thanks anyway.

[hereford29] 19/5/2015 17:05

I 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.

[hereford29] 19/5/2015 17:03

I haven't changed anything Wigwam, nor do I care a hoot that the share price has risen to 12p, nor that it went down to 4p. I think the management are dreadful and should be sacked. I would put my own management in here if I could, people I know who could do a far better job of running this company. I don't trust their numbers, I don't trust their auditors and I don't trust their statements and I'm not sure about their assets either. If I could go back in time, I wouldn't buy this, I would buy something else. But when I invested in 2010, I said I would pick a number of companies, invest in these and never sell, and that's what I'm going to do, whatever happens.

[wigwammer] 19/5/2015 16:42

The share price rises and the rhetoric changes.Painful.Tail wag dog.

[hereford29] 19/5/2015 16:13

In any event, if the company survives, long term it will be a good investment, because the Chinese stock market - in my opinion - will rise steeply for the next 3 - 6 years (or perhaps more) following a fundamental shift in capital focus, the remnimbi joining the reserve currency list, internal PRC wealth creation and the domestic economy rebalancing. I don't agree with the commentators who predict (and have been periodically for more than 30 years), the implosion of the Chinese economy and the collapse of their drive to raise GDP and living standards and who generally appear to think that the western model is the only way to be successful in managing an economy. I do believe there is likely to be a sharp correction in their stock market it perhaps 8 - 10 years (maybe sooner depending on global tends) and that a period of deflation will follow. But ultimately, it will grow far larger, and they will want more oranges and juices. I may be dead by the time that Asian Citrus (or its' acquirers) benefits from all this however!

[wigwammer] 19/5/2015 09:18

Going ballistic in HK again.Wealth transfer continues.Hey spob... LOLOLOL

[wigwammer] 18/5/2015 08:25

Up again.Taking some profit.Thanks for the cheap shares peeps (you know who you are).