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Asian Citrus - Extends supermarket supply contract

March 2006

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:
  • 181.5p
The shares stand 39% over the recommendation price in the December issue. During the month, Asian Citrus extended its agreement to supply Yonghao, a 20-outlet local supermarket chain in Guangxi, with oranges. The original order for 5,000 tonnes this year has been extended to 7,000 tonnes with an estimated value of £0.8m. Asian Citrus has also started to sell oranges to certain supermarkets in Hong Kong. Keep holding. ...

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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.

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