13 Oct | Orange Juice Anyone? Bought Some Asian Citrus
We’ve been stockpiling a little cash of late at Investor Trader – taking the top off one or two nicely performing investments – and today we blew the lot!
Again we’ve sent our money east to the Chinese, this time to their agricultural sector purchasing some 254 shares of Asian Citrus (ACHC.L) at £4.27 per share for a total outlay before costs of £1,085.
The reasons in brief: well besides the awfully attractive three month chart below, a PE of just over 10 compared to a peer average of almost double that and long-term production increases close to a cert – ceteris paribus – there’s also a dual listing in Hong Kong in the offing.
Anyone who’s dropped by here more than once in the past six months knows we’re a fan of most things Chinese so after keeping an eye on this one for a while we decided to take the plunge.