ShareProphets AIM-China Filthy Forty purveyor of Biblical plagues, Asian Citrus Holdings (ACHL) has updated the market on its latest calamity. Apparently it grows oranges too, but its main product these days does seem to be natural disasters that prompt ( lack of) profits warnings.
ShareProphets AIM-China Filthy Forty company Asian Citrus Holdings (ACHL) released its interims to Dec 2015 on Friday. They made grim reading as the effects of Huanglongbing disease, bad weather as well as frogs, locusts, Martians and any other plagues one might care to think of all took their toll. This must be the unluckiest company in orange growing history.
ShareProphets AIM-China Filthy Forty play Asian Citrus (ACHL) has had a history of suffering biblical-style plague and misfortune. Maybe insurance is difficult to get, but yesterday saw the latest in the line of disaster updates from this bargepole stock. The RNS was masterful, so we have wheeled out the ShareProphets RNS Translation Service to assist our understanding of this latest catastrophic release. Original is in bold italics.
Well, it’s official. Asian Citrus (ACHL) submitted its final results for the year up to June 2015 on September 30. About time too. September 25 had been the original date. Irritatingly, as it was released with some hours to spare, investors missed the spectacle of a truly last minute Jeremy-Corbyn-esque submission of the required documents. Feeling he had missed out, this particular writer decided to play “Yakkety Sax” while reading the report and happy he owns no shares in Citrus
Just when we thought the whiffy week on the ShareProphets AIM-China Filthy Forty had served up the final course of the abominable banquet, up popped Asian Citrus Holdings Ltd (ACHL) with the petits fours. Its final results for the year to June 2015 – due to have been released yesterday – have been delayed. Uh oh….
If you want me to analyse a stock for you just drop me a line at sqmir@hotmail.com - Today I look at Asian Citrus, Aurasian Minerals, Boxhill Technologies.
I’ve been looking into Asian Citrus Holdings and it turns out that this company is exceptionally interesting and quite weird. Ultimately, I now believe that the company is uninvestable. In this post I will show you some things you may have overlooked and present a far more complex and confusing company than you may have expected (there is more to it than just oranges). There are a huge number of red flags here. Personally, I would not tip these shares at any price.
Asian Citrus (ACHL) appears to be one of the better Chinese stocks on the AIM Casino but although it now trades at a steep discount to stated net cash and a vast discount to net assets it just cannot qualify as a value investment and you’d be mad to touch it with a bargepole. In fact its a sell. Here’s why.
