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Asian Citrus

June 2007

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.

  • Epic Code:
  • ACHL
  • Price:
  • 235p
Since our last update, Asian Citrus has placed 8.33m new shares at 240p to raise £18m net. Asian Citrus has since announced that it has reached an agreement to acquire a 50-year lease over 35 sq. km of land in Hunan province at a total rent of £0.2m a year where it will develop a third orange plantation. It expects that 2.4m orange trees will be planted by 2010 at an estimated cost of £35m. Asian Citrus has also announced that it is planning to expand vertically by investing in its own juicing facilities in due course. Tipped at 130p in December ‘05, the shares continue to perform well. Hold for more. ...

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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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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