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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Landkom | LKI | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 2.875 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 2.875 | 2.875 |
| Top Posts |
|---|
Posted at 21/12/2012 17:43 by loganair Alpcot quest for quality fails to cheer its shares.Alpcot Agro said it was choosing quality over quantity in its 2013 sowings, and favouring corn, rapeseed and sunflower, its most profitable crops but failed to cheer investors, who sent its shares to an all-time low. The Black Sea farm operator said that while its winter crop sowings in Ukraine had increased, a reflection of area gained with the takeover of Landkom earlier this year, those in Russia were 26% lower, at 24,400 hectares. The underlying trend away from winter crop sowings reflected in part a growing preference for spring crops, given advantages in cash flow terms with less time between planting expenses and harvest besides the avoidance of the threat of damage from the region's cold winters. "It is better for working capital and there is less crop risk," Stephen Pickup, the Alpcot Agro finance director, told Agrimoney.com. 'Making the most of each hectare' However, the switch also reflects a focus on more profitable crops which, while including rapeseed, which is largely winter sown, also number corn and sunflowers, spring-planted crops. Indeed, the group, which earlier this year revealed plans to cut farmland holdings in less productive areas of Ukraine, is tending to dispose of unwanted land rather than build up a bank of underutilised holdings. "We are much more in favour of decreasing the landbank, gaining revenues and not having people asking why we are only planting 70% of our landbank," Mr Pickup said, adding that the group would still have sufficient land to exploit benefits of "scale". "We are in favour of making the most of each hectare, rather than planting more and more but not in the best fashion." Escaped the worst The comments came as the group revealed harvest results for 2012 showing that the group had fared relatively well during a poor season for former Soviet Union yields, with its Russian farms in the Black Earth region which peers Ekosem Agrar and Black Earth Farming have already shown enjoyed better summer conditions. "The company's areas of operation were not particularly affected by the adverse weather which impacted parts of central and eastern Europe in the summer," Alpcot Agro said. In Russia, corn and sunflower yields fell by more than 10%, but those of winter wheat were close to 2012 levels, and those of sugar beet and spring rapeseed higher. In Ukraine, the poorer performance of Landkom fields dragged the overall results lower, and leading the group to forecast "considerable yield improvements across the Ukraine business" with all land sown to Alpcot specifications. Market reaction However, the comments failed to impress investors, who sent Alpcot Agro shares, which are listed in Stockholm, down 2.0% to SEK4.90 at the close. The stock earlier hit an all-time low of SEK4.80. "The group has a tightly held shareholder base. I do not think that is helping them," a person close to Alpcot said. |
Posted at 22/12/2011 12:53 by divinausa1 Giant Steps - 21 Dec'11 - 14:30 - 2159 of 2166 I still can't believe it, a dreadful outcome for LKI investors (current bid price 2.25p) ======== moan moan moan i think its a good outcome to be part of a bigger player farmer just joined and 1st post here... interesting Chinese would love it! |
Posted at 21/12/2011 19:56 by farmer20 IMO a counterbid although unlikely is possible given the deal is a significant discount to net asset value and it is difficult to get such large quantities of Ukrainian farmland in a single transaction at the moment so LKI might yet prove attractive to another Ukrainian player. For me more attractive is the current discount to the offer price. Alpcot closed tonight with a price of 7.625 SEK which translates to 3.22p offer price yet LKI has dropped to 2.5. I bought back in at 2.5 and expect to make my 20% when merger arbitrage funds and investors bring the discount back to nil. I sold at 7 (at a profit) earlier in the year so i dont have the losses that others are carrying - comiserations for you longer term holders. Surely someone can make profits in farming - prices keep going up - how hard can it be??? |
Posted at 21/12/2011 14:37 by fctwente These people care not one jot about investors. Understand that and whilst painful, it feels a bit less personal. |
Posted at 21/12/2011 14:30 by giant steps I still can't believe it, a dreadful outcome for LKI investors(current bid price 2.25p) |
Posted at 21/12/2011 10:25 by giant steps Alpcot Agro investors realise they get a bargain !RNS 21st Dec 2011 |
Posted at 27/10/2011 13:07 by loganair Never received a reply from LKI Investors Relations asking why Continental Farmers yield was at least 50% higher and with hardly any crops lost due to weather compared to LKI, especially considering both have most land in the NW of Ukraine. |
Posted at 27/9/2011 09:50 by loganair I've sent an e-mail to investors relations at LKI, will post the reply if and when I receive one. |
Posted at 07/9/2011 07:39 by theophilus They may look tempting at a lower price. But I would not touch them until I see some some big buys moving the price up ie. the reverse of what has happened this year with big sells sending the price down despite what looked like encouraging news.Quite a few investors will be disappointed but not too surprised looking back at a number of their comments (and even my own brief comment in 1991) Th |
Posted at 02/9/2011 13:55 by theophilus This is certainly difficult to understand - - - lots of good news but the price keeps moving South.Bound to create doubt in the minds of investors. Surely common sense demands a statement afrom the directors. Still Hopeful Th |
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