Primary Recommendation

Asian Citrus - Prospective PE of just 5.3

December 2005

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Asian Citrus, already China’s largest orange grower and the first Chinese plantation to come to AIM, is a company still in its early stage of growth but that has not stopped its chairman, Tony Tong and his son Tommy, the chief executive, from putting together some aggressive growth plans. The group owns two orange plantations in China but only one of these was generating revenues last year from around 1 million orange trees. A further one million orange trees have already been planted but trees take four years to yield harvested fruit and the number of trees producing should rise to 1.2m this year which lends support to Broker Evolution’s forecast eps of 24.4p to drop the PE to 5.3. Even ignoring the fact that the remaining 8 ...

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Growth Portfolio 2

Davenham - Highly profitable lender to small companies

Asian Citrus (October 2013)

Asian Citrus (February 2013)

Asian Citrus - Two brokers set 50p price target (December 2012)

Asian Citrus - Cash equates to 60% of market cap. (October 2012)

Asian Citrus (November 2010)

Asian Citrus (May 2010)

Asian Citrus - 42% growth in winter orange crop (April 2010)

Asian Citrus - China inflation firms orange prices (February 2010)

Asian Citrus - Proposes 10-for-1 share split (November 2009)

Asian Citrus - Intends to list in Hong Kong : PE of 10.4 versus peer group of 19.4x (October 2009)

Asian Citrus - Good crop of Winter oranges (February 2009)

Asian Citrus - Benefits from maturing trees (November 2008)

Asian Citrus (August 2008)

Asian Citrus - Shares look set to break higher (August 2007)

Asian Citrus (June 2007)

Asian Citrus (February 2007)

Asian Citrus (November 2006)

Asian Citrus - Gain since December: 81% (April 2006)

Asian Citrus - Extends supermarket supply contract (March 2006)

Asian Citrus (February 2006)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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