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Filthy 40 Asian Citrus updates on (lack of) progress re fraud allegations

By Nigel Somerville, the Deputy Sheriff of AIM | Friday 9 December 2016


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


ShareProphets AIM-China Filthy Forty purveyor of biblical plagues, rotten oranges and failed property deals Asian Citrus Holdings Ltd (ACHL) has updated the market on how the investigations into the allegations of fraud are going. After two and a bit months (at least) of reinforced audit procedures, it seems that little progress has been made and the company has no idea when it will ever get its FY16 accounts out. This one is looking a nailed-on certainty for being given the heave-ho from the Casino in due course, with just the mechanics to be sorted.


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