Secondary Recommendation

Asian Citrus - Cash equates to 60% of market cap.

October 2012

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.

As the share price chart on page 7 vividly illustrates, Asian Citrus, China's largest orange grower, has seen its shares pull back down to levels last seen in 2009. We last featured the shares in October that year ahead of their dual listing in the Hong Kong Exchange at the equivalent price of 34p (adjusting for the 10-for-1 share split) and the shares went on to touch 80p shortly after.But shares in the company have since retraced for reasons outside the company's own making. Last year's profit was impacted on both sides of its business: its orange crop (59.5% of the sales) was hit by poor weather in southern China whilst its juicing operation, (40.3%) which supplies pineapple concentrate to the local market was hit as Thai and P ...

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Lavendon Group - Tidal wave of free cashflow

Optimal Payments - July and August trading set records

Asian Citrus (October 2013)

Asian Citrus (February 2013)

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

Asian Citrus - Prospective PE of just 5.3 (December 2005)

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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