Please read our complementary research on AIM listed Asian Citrus. Legendary investor Warren Buffett stresses the need to invest in simple businesses and it doesn’t come any simpler than growing oranges. Asian Citrus won “International Company of the Year” at the 2009 AIM awards by ticking all the right boxes with strong management, no debt, market-leading positions in two growing areas and a good distribution chain. Two directors of the company recently acquired a total of 522,000 shares at an average price of 72.801p, illustrating their confidence in the company.
Despite the risks of investing in a Chinese agricultural business (such as the weather and geopolitics), we believe this is an old economy stock in a growing sector, trading at an attractive price for the more adventurous investor.