Anpario Share Discussion Threads

[rcturner2] 14/9/2016 09:13

Sold all mine at 255p first thing.

[nivison] 14/9/2016 09:01

Not quite sure what to make of these results. The net cash generated has more than doubled, shooting up from £951k to about £1950K, which is great. Money seems to be pouring in. However, costs have also risen so three steps forward, two steps back really. Also, the China situation shows the difficulties of operating in that market and frankly is a concern, i presume that is what has swallowed about £350k of hard earned in defending intellectual property but it is not clear whether that is the end of it. I was hoping for better really, but will be patient. Growing pains I think and the cash generation is very good.

[bottomfisher] 03/7/2016 22:47

Thanks Cerrito. Much appreciated.

[cerrito] 03/7/2016 19:15

CEO came across well and gave good , clear and informative answers and I need to say the other NED was far more simpatico than Rose and chipped in with good answers and explanations ,clearly knew his stuff and was engaged.

[bottomfisher] 03/7/2016 14:20

Cerrito. Thanks for useful AGM report. Small point but according to the annual report the chairman, Richard Rose, owns 31,057 shares which seems a reasonably sizeable stake. Sorry to hear that he seemed bored by the AGM since one of the reasons I am interested in investing in ANP is because of his presence on the board. On paper he seems to have a good track record. Fact that he has been on the board for 11 years and chairman for 10 years is a concern, as is the lack of a second NED.

Attending AGMs can help small investors judge whether they can trust the management by watching and listening to the way the chairman and CEO handle shareholder questions. Fact that the chairman seemed 'bored' does not inspire confidence.

Would be interested to hear what you made of Richard Edwards the new ceo. Did he inspire more confidence in responding to shareholder questions?

Thanks again for sharing your thoughts on ANP's AGM.

[spekky] 01/7/2016 18:08

Cerrito

Many thanks for that report,I agree with others here that whilst the cash is a great comfort,it shows a lack of imagination simply adding to it.......Cargill and Tyson already on the roster is excellent and what I would have hoped for.....I even like the USA op description as start up........long way to go yet.

[tailgunner2] 01/7/2016 15:58

Doesn't seem to any real forward planning here, the CEO seems quite happy to stumble along..... Wish they would get finger out, show some balls and bloody buy some shares!!!!!

[etarip] 30/6/2016 09:20

Cerrito
Many thanks for your informative post.

[cerrito] 29/6/2016 19:11

Was at the AGM yesterday; almost an hour with very little time on the formal business and thus a lot of time for Q & A-too bad that the Chairman thought the whole thing a bore.
Items covered included:
The issue of a small board with the non execs who have both been directors for 10 years+ and hence not deemed independent-was raised. The Chairman did not offer any real explanation into this and had zero inclination to change things. Given the shareholders register I suspect that not there is no real pressure to change this. CFO did her bit to confirm thatChairman not involved in the operations of the company and pointed out-correctly-that he had no shares. This lack of shareholding was not discussed. Just noted that remuneration of CEO/CFO fell last year and this was not discussed.
Chairman was asked as to why such large cash balances. We were told they would not buy back shares unless the market really tanked and that they were keeping cash for possible acquisitions but that the sector was very hot and difficult to find an acquisition that made sense. This issue of cash balances was rather sidestepped-and note as per the AGM Statement YTD Cash has gone up from £9.3m at 12.15 to £10.4m.The point was made by a shareholder that if the sector is so hot then given the recent fall in both £ and the share price then ANP was itself a takeover candidate.
Impact of Brexit was raised and Chairman told us it was complicated and too early to say. Their purchases in Euros are broadly balanced with their sales in Euros and as they noted in their AR for reasons that were not discussed at the meeting Europe is not big for them. This is on paper a perfect stock to hold in Brexit times..little European exposure and % of sales to countries outside UK/ROI.(Note the CEO has made a rather political comment on the Brexit vote on the website-he was obviousy Brexit)
The distributor specific issue relates to their Turkish distributor who had a change of ownership whose new owners cut the amount of inventory they were holdin. We were told that their sales overseas are made to order as they have to be separately packaged for each country and have to be sent by boat. No real discussion on anything else in the AGM Statement.
We were told that they are changing the way they distribute their product. Up to now they have worked through distributors and have had minimal contact with the end user. They are now wanting to work more closely with the end user in terms of providing technical advice and sales and selling the economic benefits of using their products; this process was just starting. Some distributors were very happy to allow ANP to have direct contact with end user..others less so;This seems very sensible and is the background for the recruitment as noted in both AR and AGM statement; btw their rule of thumb was that $1 spent on their product would provide $5 of benefits and represents 1 to 2% of the cost of feed. A question was asked of how the Iowa Fair went; told that in discussions with integrators- Cargill, Tyson and one unnamed one mentioned but it was a 2 year process to get their products accepted and approved by these companies and then incorporated into their production processes.
Point made that provided little or no info on where non UK/ROI sales were made and we were promised more info in next AR. CEO said 10% China; 30% Rest of Asia; 12% Middle East; 12% Europe; 15% Lat Am and US essentially a start up.Do nothing in Canada because of local regulations.
In terms of end users 60% of sales go to poultry 30% to swine 10% to diary; v little to aquaculture..some to shrimp farmers in Colombia and Ecuador. Looking at it but many regulatory hurdles to overcome..no discussion on ,in general, how regulation is important for them.
No real seasonality..some increase in sales at end of year.

[battlebus2] 15/6/2016 22:55

What a difference a day makes.....

[rcturner2] 15/6/2016 07:07

It's not a conspiracy, it's a simple market reaction to the uncertainty.

It'll pass immediately if remain win and pass more slowly if leave win.

[spekky] 14/6/2016 23:54

Agreed,

We know this has a wide geographical trading area,it is not reliant on Europe.

[battlebus2] 14/6/2016 23:38

If you've confidence in your stocks and they're a long term investment short term fluctuations around Brexit will soon pass IMV.

[tailgunner2] 14/6/2016 23:25

It's all part of the remain camps master plan I think....... Call it a conspiracy theory, big banks an government manipulating markets in an attempt to frighten folk into voting remain as they will say markets plunging cos of this uncertainty...... Well, that's my 5 pints of Guinness theory ........ An they can stuff it, cos anything that Cameron an big banks and multi national companies say it's good for us, really mean it's good for them and not the working man and most folk in the UK......

[tailgunner2] 14/6/2016 14:06

Aw hey, what's this 17.5 drop in aid of???..... Totally ridiculous!!!!!!!!...... On no news at all.....

[tailgunner2] 10/6/2016 15:16

Hope so battlebus...... Was at 360 before or something, and they chopped it to where we are on no bad news.......

[battlebus2] 10/6/2016 10:23

Not to worry tailgunner, we are slowly moving higher imv...

[tailgunner2] 03/6/2016 14:07

We seemed to have stalled somewhat.....could do with some good chunky acquisition news

[battlebus2] 03/6/2016 09:47

Buying price slowly creeping up, now quoting virtually full ask for 5k...

[spekky] 25/5/2016 13:53

Well done Woody

Perhaps if Bayer are not successful in their bid for Monsanto they'll come for Anpario (you gotta dream)......

[woodcutter] 25/5/2016 11:53

added a few more today

wc

[battlebus2] 21/4/2016 15:21

Allianz Global now holding over 5%, only a 20k increase but hey it's still adding :))

[spekky] 19/4/2016 07:45

Nice to see the main Anpario website has been redesigned.....it's never going to have the wow factor but good to see that they care about it.