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Continential Fa Share Discussion Threads
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|ODDO disclosing 1.01% not sure if this a recent or ancient holding
I track the rest of ODDO's holding on the WAM thread:)
|2013 The Great Irish Share Valuation Project (Part I)
I take a look at Continental Farmers Group, plus a batch of other Irish stocks:
|Yes, but they suffer from the same problems: Cash-burn, and the need to keep raising cash - as evidenced by their most recent interim results - $9.1 mio out the door - and their Dec $15 mio cash raise.|
|Wexboy, did you ever run your rule over Agriterra (AGTA). Farming in Southern Africa?|
This week I started The Great Irish Share Valuation Project on my value investing blog, where I plan to set a Fair Value Price Target for every listed Irish company. So far I've valued a dozen companies, including Continental Farmers:
I hope you'll take a look (if you've any feedback/questions, please don't hesitate to comment or email me), and/or become a regular reader.
btw I've blogged about some Black Earth agri-stocks also, including:
|Call him by his name, Phil. Ramping robson it is.|
|BK. (and i get all the Ocean Catch i want, so who's laughing now?)|
|Rodozz, have you finished your night shift at MacDonalds yet?|
|sounds about right|
|I think it's all about the structure of the board of co's doing business.
A board full of non Ukr's is going to get nowhere, a board full of Ukr's is much better placed. RPT in the early days a classic example of what can go wrong if you don't understand how things 'work'. FXPO being an example of a Ukr based board doing very well. Horses for courses...
well developed business I see:
|Good link by the way.
Also referenced on that post is the Chinese interest in Ukraine agriculture.|
|Ukraine is a very risky place to invest. I'd want a huge reward potential to make up for huge risk potential personally.|
|bit of info on Ukraine here for you farmer giles:
|Placing and Admission to AIM and ESM
Continental Farmers Group plc ('CFG' OR THE 'COMPANY')
· Admission to AIM and ESM markets and 16.7 million Placing
· Placing of 63,935,680 Ordinary Shares
· Market capitalisation on admission of 42.7 million
· Proceeds to be used principally to expand the Group's farming operations and increase its leasehold land bank to 50,000 hectares in Ukraine.
Continental Farmers Group plc is pleased to announce its admission to trading on the AIM market of the London Stock Exchange and the ESM market of the Irish Stock Exchange. In addition CFG has raised gross proceeds of 16.7 million by placing 63,935,680 new Ordinary Shares at a placing price of 0.2612 (£0.2314) per Ordinary Share, giving the Company a market capitalization of approximately 16.7 million at Admission. Davy is acting as nominated adviser, ESM adviser and broker to CFG.
The Group is a diversified agricultural producer with farming operations in western Ukraine and northern Poland. The Group's core business is crop production comprising oil seed rape ("OSR"), sugar beet, potatoes, wheat, and maize. In 1994 the Group commenced its farming operations in Poland, where it now owns approximately 1,600 hectares of freehold land and also leases approximately 1,100 hectares of land. In 2006 the Group commenced its farming operations in Ukraine, where it now leases approximately 21,000 hectares of chernozem (black soil) farmland in the Lviv region of western Ukraine and has approximately 16,000 hectares currently under crop.
CFG's strategic objective is to develop a substantial, sustainable and profitable agricultural enterprise in central and eastern Europe through implementation of the best local and international practices and agricultural technologies. The key elements of the Group's strategy are the expansion of its leasehold land bank and area under crop and to maximise its sustainable profitability from farming operations.
Funds raised will be used to expand the Group's farming platform through the acquisition of additional land leases, the acquisition of new machinery and the construction of additional storage facilities, as well as for the repayment of some outstanding Shareholder Loans and general working capital purposes.
CFG intends to expand the Group's farming operations and increase its leasehold land bank in Ukraine to 50,000 hectares within five years.|
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