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Value Investing and Chinese Stocks – Asian Citrus, a sell even though shares trade at a discount to stated net cash

By Tom Winnifrith, The Sheriff of AIM | Sunday 14 September 2014


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.


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 it with a bargepole. In fact its a sell.  Here’s why.


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