Obtala Resources Share Discussion Threads

[scotty1] 02/12/2016 08:03

Well i like it and looks like the markets like it,next leg up anyone ;-)

[zcaprd7] 02/12/2016 07:55

Looks good. I agree, still that nagging feeling they are getting a bargain and existing patient shareholders are getting stiffed, but hey, it's similar to deals done by the oil majors. I'd rather have 75% of something big ...

[beeks of arabia] 01/12/2016 21:19

Looks good to me, what's not to like?

The more I read it, the more bullish I feel. Annoyingly only have half my original holding but still a decent amount.

[dibbs] 01/12/2016 21:08

Sounds good on the face of it but the structure seems hellishly complicated to me. I hope this isn't to deceive or because they are trying to be too clever...?

Dibbs

[tadtech] 01/12/2016 19:12

22.5% of the forestry business sold for $23m

[jack jebb] 01/12/2016 17:46

The only way big money comes into shares like these is via mechanisms showed in the RNS. They dont mess about picking up 100k shares here and there.

The true valuation of this company is beginning to be realised, but we are not even close yet imo.

[tadtech] 01/12/2016 17:40

Yes that came completely out of the blue, fantastic news, this is a real growth story, the market will like this update for sure.

[jack jebb] 01/12/2016 17:34

This is stunning.

So Obt raise $23m for a 22.5% stake in the forestry business. This is a real valuation from investors who must have undertaken site visits and thorough due diligence. The agri business can now be put into full production. Obt own 1730 hectares of farmland, the average yield for horticultural crops is $8-12k and they can harvest 3x a year, let's say that is overly optimistic and halve it that's still 1730 x 10,000 x 3 / 2 =$26m and stick in forestry at $102m minimum. The parent company valued at $55m is completely mispriced and at these levels or even significantly higher looks a compelling investment for investors or asset gatherers. Miles Pelham is delivering on his pledge to monetise the companies assets for the benefit of shareholders of which he and the rest of the board are major holders. I am convinced there is more to come from this dynamic new board.

[arthurdaley69] 01/12/2016 17:27

Obtala Limited
("Obtala", the "Group" or the "Company")
(AIM: OBT)
Preference share subscription into Forestry Division
Conversion of Meradell structure
Highlights -- $14.25m investment into Argento Preference share, including $2.15m by Board members.
-- Additional potential $5m investment 'soft-circled' and currently awaiting Investment Committee approval within a major Asian based financial institution.
-- Existing Meradell financing structures to be converted into Argento Preference shares and Meradell structure unwound.
-- Currently anticipated $22.95m 2016 total investment in return for 70,322 Argento Preference shares (22.5% stake in Argento)
-- Initial targeted Preference Share raise of $10m oversubscribed and upsized to c.$19.25m, with oversubscription at that level also.
-- Proceeds to be used to accelerate the group's 312,465ha of exotic hardwood forestry business towards full production.
-- Excess new funds above $10m to be used to expand Agricultural operations.

-- Chairman Miles Pelham to invest $1.5m, CEO Paul Dolan $250k, COO Warren Deats $250k, NED Frank Scolaro $150k.

[jack jebb] 30/11/2016 17:19

ps Henry, as far as I am aware, OBT has zero debt.

[blue59] 28/11/2016 16:48

Sorry but you're in the wrong place for any fact based answers here!!

[henryatkin] 27/11/2016 11:19

Just taking a look here. I assume from the header Moringa have a major stake. To save me a bit of time can anyone tell me whether its shares or debt and if its shares what is the % holding. Many thanks in advance.

[scotty1] 23/11/2016 13:50

Steady as she goes Jack nice and quiet but still getting there,peeps will click on soon enough 😉

[jack jebb] 23/11/2016 11:43

Its incredible that so few people are involved here. Its everything you want in an undervalued, growth share.

[jack jebb] 18/11/2016 07:13

Absolutely Blue. The 200% rise this year is better than the co-op is paying though.

[sh1984] 17/11/2016 11:58

2 off 100K buys just come in............ someone's confident

[blue59] 17/11/2016 09:53

And presumably you also stand by your earlier post.....

'I am not sure you should rely on strangers on free bb to make your investment decisions,....' ?!

[jack jebb] 17/11/2016 06:56

Yes, once its seen that it has become a regular and sustainable cash cow. I stand by that.

[sh1984] 16/11/2016 13:52

Doesn't matter how you look at it or whichever way you calculate it, the current market capital is not representative of the full value of the company, should be twice current share price....

[zcaprd7] 16/11/2016 10:34

Well you might say that, but nav, underpinned by a physical asset, will be the holy grail if we get a surge in inflation. Thanks for the calculation... I don't think stimulating a debate on a BB is particularly bad research, it's obviously not my only resource. I'm still no clearer on all these new corporate structures though, I sense they erode our 2 year old assessed asset value ?

[michaelfenton] 16/11/2016 08:34

Yes NAV is all very well but until it is monetised and income generated it is important but not the most impotant thing which is profitable and regular income.We are starting to see this hence the ove upwards.

[jack jebb] 16/11/2016 05:45

Whilst that also highlights some of the value here, it is the likely surge in regular and sustainable revenues that makes this so appealing, for me anyway.