3521 days ago
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 its shares with a bargepole. In fact its a sell. Here’s why.
First a little reminder of the history of this producer of Oranges and to a lesser extent bananas. It listed in AIM in 2005 at 112p a share. Now let’s wind forward to December 2013 when someone purporting to be a value investor a Mr Marcel Springorum wrote:
