Oversupply of oranges to ease, says Asian Citrus
21st Sep 2012 13:31
Shares in Chinese fruit juice producer Asian Citrus moved further away from their 52-week low after full-year results topped expectations. Revenue for the year ended June 30th rose 25.7% to RMB.1,766.1m (£178.7m) from RMB.1,412.6m (£136.4m) the year before, ahead of house broker Seymour Pierce's fo
Read moreBroker tips: Burberry, JD Wetherspoon, Asian Citrus
21st Sep 2012 13:28
Analysts at Credit Suisse were left scratching their heads after a meeting with Burberry management and a visit to the Spring '13 showroom on Thursday night. What has gone wrong in the two weeks through September 8th, they ask themselves. "Our recent conversations with peers and initial checks wit
Read moreBroker snap: House broker reiterates buy on Asian Citrus
21st Sep 2012 13:02
Analysts at Seymour Pierce have today issued a bullish note on Asian Citrus, highlighting both the 'very encouraging' 8.7% rise seen in net profits, to RMB629.1m, as well as the 'pleasing' 30% increase in the company´s final dividend payment, for a yield of 5.2 per cent. Also, the house broker cal
Read moreFriday preview: Acquisition to boost Asian Citrus's top line
20th Sep 2012 17:30
Shares in orange tree plantation operator Asian Citrus have risen more than one-tenth ahead of Friday's full-year results. That will be some consolation to long-suffering shareholders who have seen the share price slide from the high eighties to the low twenties as doubts persist that the company m
Read moreAsian Citrus says typhoon damage at Hepu plantation minimal
20th Aug 2012 10:51
Asian Citrus, the largest orange plantation owner and operator in China, has said that it is 'not aware of any material damage' to its orange trees in the Hepu plantation despite Typhoon Kai-Tak, which hit the Hepu county of the Guangxi Zhuang Autonomous Region last week. The group said it has im
Read moreStandard Chartered earns 5.9m pounds worth of shares
16th Mar 2012 16:28
Peter Sands, Chief Executive at Standard Chartered, the Asia-focused banking colossus, earned himself 5.9m pounds-worth of shares in the company following the vesting of four separate reward payments. The pay-out came as the largest part of a £32m bonus paid to 10 of the company's directors. San
Read moreAsian Citrus non-exec squeezes the funds to buy shares
28th Feb 2012 16:00
A non-Executive Director of Asian Citrus, an AIM-100 Chinese orange grower, has bought 256,000 shares for himself and his wife. Peregrine Moncreiffe and his wife, Miranda Moncreiffe, purchased the shares at an average price of 37.95p each for a total of £97,152. Winterthur Pension Management, in
Read moreHK magazine article gives Asian Citrus the pip
22nd Feb 2012 15:11
Chinese oranges grower Asian Citrus has hit back at what it claims is an inaccurate article in a Hong Kong magazine renowned for its investigations into alleged fraudulent activities by listed Chinese companies. Hong Kong-based Next magazine has cast doubts on the accuracy of Asian Citrus's claims
Read moreAsian Citrus figures bloom
19th Jan 2012 12:16
Orange grower Asian Citrus managed to squeeze plenty of juice out of its plantations in the second half of last year. The group anticipates that it will report "significant increases" in its turnover and cash generated from operations for the six months ended December 31st. Core net profit before
Read moreBarclays director keeps the faith
21st Dec 2011 16:29
Sir Michael Rake, the Senior Independent Director of Barclays, has upped his stake in the firm less than a week after the global bank was downgraded by Fitch Ratings. Rake, who is currently also Chairman of telecommunications firm BT Group and Chairman of Easyjet, bought up 5,914 ordinary shares a
Read moreLondon close: Higher finish for FTSE 100
16th Sep 2011 16:45
Stocks finished higher after an uncertain day in which most attention was focused on a meeting of European finance ministers in Poland. At the meeting, which also included US treasury secretary Timothy Geithner, ministers ruled out further stimulus. European Central Bank president Jean-Claude Trich
Read moreJuicy profit rise for Asian Citrus
16th Sep 2011 14:42
A jump in sales to supermarkets helped orange grower Asian Citrus squeeze out a big rise in profits in the year to 30 June. Pre-tax profits rose to RMB1.121bn from RMB587.3m the previous year on revenues up to RMB 1.413bn from RMB 812.5m. The total dividend was raised by 25% to 1.4p. The company s
Read moreFriday preview: Asian Citrus set for juicy profits increase
15th Sep 2011 17:43
Since November of last year, shares in orange orchard owner Asian Citrus have virtually halved, for no readily apparent reason. The company has already advised that "the unaudited profit attributable to the shareholders of the company for the year ended 30 June 2011 is expected to increase substanti
Read moreThe future's bright, the future's orange for Asian Citrus
28th Jul 2011 14:23
Asian Citrus Holdings, the largest orange plantation owner and operator in China, said shareholders can expect a substantial increase this year on last year's attributable profit of RMB 585.5m. The company's success comes after a 16% increase in orange production in the year to the end of June, a
Read moreAsia Citrus director takes a top-up
5th Jul 2011 16:09
Non-executive director Nicholas Smith has topped up his holding in the Chinese orange grower and juice maker Asian Citrus, spending about £60,000. He took 100,000 shares at HK$7.41 (59.4p) a time, and now has 532,596. Smith, an accountant, has worked investment banking in Europe and Asia for Flemi
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