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|kenny100: Lenigas's AfriAg raises £600000 at a premium - Proactive ...
www.proactiveinvestors.co.uk › Archives › Newswires › LON:AFRI
12 Sep 2013 - AfriAg (LON:AFRI) has completed a £600000 placing and equity swap deal with ... The news drove the share price up to the placing price on Thursday. ... the share price of which has leapt well over 1,000% in the last month.|
|kenny100: AfriAg plc LON:AFRI is one of those companies that are so often overlooked, maybe because it’s in the wrong Google finance sector, maybe because its just not oil and gas? There are probably numerous reasons. This company could however be a little gem. AfriAg’s chairman, David Lenigas who needs no introduction has a quote on the AfrAg.com homepage “Africa will feed not only itself but the rest of the world in time. It will become the bread basket to the world.”
AfriAg plc is an African food haulage and distribution group which recently won a new distribution deal with the Gatsby Foundation that will ship produce from Mozambique through to UK supermarkets along with other international markets the contract is for approx 480,000 kilos per quarter.
It was an AfriAg plc subsidiary that won the contract to transport baby-corn and chilli to South Africa where it will be air-freighted. Chairman David Lenigas said the contract was ‘transformational’ and told his Twitter followers the deal will grow AfriAg by an ‘unimaginable’ amount. Since then it’s been a little quiet on the news front and share price has dropped slightly as investors look to make money elsewhere. In an interview with Mr Lenigas it was mentioned that 2 other contracts were in the process of being completed, that their current fleet of 18 specialist refrigerated trucks was being expanded to twice that within 6 months to cope with demand and that fish exports into asian countries had increased heavily. David pointed out that only 1% of all African produce was being shipped to the states and “That equation is going to change!” 1.06m kilos were delivered in the last 6 months of 2014 with the majority happening in the last couple of those months. AfriAg has some very large clients already in place and those figures should rise significantly. In a recent comment on twitter David Lenigas said “I am busy with everything. AfriAg as well,” which could be a reference in part to the first quarter trading results hinted at on the forums.
AfriAg plc is a growing company with great prospects both short term and long, run by a very experienced board of directors and should really be considered one for the pension pot.|
|bill182: panicinair - DL has a chunk of his own money in here at much higher prices. By the time figures are available to view in detail, the share price will be a lot higher as more contract wins will have been announced.
I think the upside here is far greater than the downside given the current valuation of the company. They say its who you know and not what you know in business, but IMHO DL and his fellow directors have both sides covered.
I think today's 'blue chip' contract will prove to be a watershed moment for the company.|
|bill182: I have a small holding here which I have held for a while. Whilst DL has many detractors, I believe this company will do very well and will not require the upfront capital as it is a marketing company. They are the 'middle-men' and will be using their vast experience to secure very lucrative contracts.
I would not be surprised to see the share price climb steadily over the next few weeks as people take on board the significance of the news today.|
|blueball: Can you imagine what the share price will be should he decide to leave AFRI..?|
|panicinair: Great start to the week, AfriAg picking up from where she left of last week, big news on the way, expect it to keep rising....
Zak Mir - always good to see a chartist perspective on proceedings, although you might want to hold this one for the next few years, it's going to be big.
To quote Okenia (Knowledgeable poster) from LSE:
MCap and 2p
A 2p share price would still only value AFRI at £20m. That's still a very small operation. The ambition is to be a pan-African company with activities in all 55 nations ... does that sound like a £20m operation to you? Nope, me neither. And def not the current £6m MCap!|
|doodlebug4: Personally I prefer quiet threads Acta, the share price will take care of itself and I don't want to sift through 100 posts each day !:-)|
|75monty: dssloan- 'doc holliday'
Supposed investment 'guru' -journalist. There is some history between the two, doc tipped AFRI 4/5 months ago when share price was double what it is now, since then it has tanked, and there have been some heated debates on twitter from doc to leni regarding lack of news flow, which he perceives (quite rightly I think) as large part of problem with maintaing investors interest, and liquidity.
I think leni handled presentation quite badly, seemed like he was there under sufferance really. He threatened to suspend trading, said he used wrong investment vehicle to develop Afriag etc etc. I watched him on main stage, where he had his Leni/UKOg hat on, and he seemed a lot more interested/animated.
I am holding at around .8 average, accept the fact I will have to sit on this for a year to get my money and 20% back, providing he doesn't suspend trading in the mean time.
I do really like the story, and what they are trying to do here, just not sure Leni is the right man to pull it off. GLA|
|diablo1967: Buy 1.495 sell 1.45 ....Question 6 Q6 Investors in small cap companies must weigh potential value against equity risk? How much risk is there at Afriag and how do you intend to reward its investors?DL. Investing in microcap shares is always a risk. You may as well go to the roulette table sometimes for better odds. What I am endeavouring to do at AfriAg is build a low risk business that requires minimal capital. I think I have found a good formulae for this. Rewards for shareholders will hopefully be a better share price and hopefully dividends. I really want AfriAg to be a dividend stock. Investors need to look at AfriAg as a long term investment. Short term traders will always win big or lose big and those that lose big in the early days because of margin trading etc always seem to blame management because they got margined out of their position. I never invest money I don't have. I wouldn't even know how to margin trade or trade in CFD's.See what I mean about moving up quick luckily the traders are pre occupied with clon and pet and osuRegards|
Afriag share price data is direct from the London Stock Exchange