Obtala Res. Share Price - OBT
|Share Name||Share Symbol||Market||Type||Share ISIN||Share Description|
|Obtala Res.||LSE:OBT||London||Ordinary Share||GG00B4WJSD17||ORD 1P|
|Price Change||Price Change %||Share Price||Bid Price||Offer Price||High Price||Low Price||Open Price||Shares Traded||Last Trade|
|Industry Sector||Turnover (m)||Profit (m)||EPS - Basic||PE Ratio||Market Cap (m)||RN||NRN|
Obtala Resources News, Charts, Forums & Trades
Obtala Resources News
|06/11/2015||09:33||ALNC||Obtala Resources Forms Partnership With Mexican Exotic Fruit Producer|
|06/11/2015||07:33||ALNCF||Alliance News Flash Headline|
|06/11/2015||07:00||UKREG||Obtala Resources Limited Agriculture Update|
|15/10/2015||07:35||ALNC||Obtala Resources To Spin-Off Mozambique Timber Business On AIM (ALLIPO)|
|15/10/2015||06:00||UKREG||Obtala Resources Limited Proposed listing of the forestry division|
|29/9/2015||12:38||ALNC||Obtala Resources Profit And Revenue Higher In Half, Focusing On Costs|
|29/9/2015||06:00||UKREG||Obtala Resources Limited Half Yearly Report|
|01/9/2015||06:03||UKREG||Obtala Resources Limited Membership of the Social Stock Exchange|
|11/8/2015||12:58||ALNC||Obtala Resources Appoints Kevin Milne Deputy Chairman|
|11/8/2015||12:47||UKREG||Obtala Resources Limited Directorate Changes|
Obtala Resources Share Charts
1 Year Obtala Resources Chart
1 Month Obtala Resources Chart
Intraday Obtala Resources Chart
Obtala Resources Discussions and Chat
Obtala Resources Forums and Chat
|20/11/2015||16:51||Obtala Resources 2015 onwards||1,654|
|09/9/2015||06:21||Obtala Resources - Agriculture, Forestry and Strategic Investments||7,131|
|24/3/2015||14:20||Obtala Resources Limited Ord 1P||27|
|29/8/2014||20:32||OBT - Truth Thread||160|
|27/6/2014||13:40||Obtala Resources. Metal exploration in Tanzania||1,160|
Obtala Resources Top Chat Posts
|supreme mo: Before anyone beefs that this relates to another company or why have i copied the full RNS (i havent btw)... this could be relevant for us if OBT are the large seller of PRG stock.... as they could potentially realise cash for stock in one go.Share buyback programmeThe Loan will also give Paragon the option of initiating a share buyback programme if any existing shareholders wish to exit. The Board believes that the Company's stock is currently undervalued following the progress which has been made during the last 12 months, and in particular given the pending Mothae Acquisition which, if approved, may contribute significantly to Paragon's enterprise value when added to the Company's existing nearby Lemphane asset. Furthermore, having removed Lanstead from the shareholder register, re-positioned Paragon as a vertically integrated diamond company and agreed in principle the US$26 million funding package with ITGT of Dubai with minimal dilution to existing shareholders, the Board believes that the share price should be trading at significantly higher levels than it currently is and be reflective of the true value of the Company's asset portfolio.Additional|
|mark10101: Just been having a look through our website, it has had quite bit added to it recently.
I was particularly pleased to see the canning plant in operation and that the empty shots of the canning plant are now gone. Always gave a feeling of the asset being there but mothballed. Great to see it in full swing. Best group of photographs is in the media photo section.
|tadtech: Paragon now trading in the 6p range, the value of OBT's stake has increased by £1m recently. This has not been reflected in the OBT share price so far. Every 1p rise adds about £300,000 to that value.|
|the count of monte_cristo: True but I think we may see some weakness with the OBT share price over the coming weeks. Long term this should be well positioned and the management seem to have been doing a great job recently with leveraging their on the ground contacts/experience. Just dissapointing that they did not get a better price for the BMN shares.|
|tadtech: I am very disappointed with events since that presentation by Frank last November at Winni's place, he seemed genuine about share price appreciation even suggesting he would not allow his shareholders to lose money. Well Frank the share price was north of 11p at the time and now it's 7p! I believe the recent board appointees are a result of dissatisfaction amongst the major shareholders concerning progress and I do expect to see some significant moves afoot shortly as a consequence. I note Frank has sold out of Paragon Diamonds (raising circa £2m) What would happen if private equity bought his 29% holding in OBT?? He would want 20p+ in my view. An investment in OBT, in my view, is more about potential corporate action as opposed to divisional trading performance. It is for that reason I remain invested. I do expect to see a significant profit at some point.|
|club sandwich: couldn't find a direct email address on the OBT site, so sent this through the form on the Contact Us page... "I'm wondering whether the company is planning to release an operational update, as it did last year on 20th Feb? There seems to be an awful lot going on with the company, and I think shareholders are long overdue a full update - with hard numbers - of how the company is performing across all its areas of operation. We are also of course awaiting news on the forestry joint venture. More generally, can I saw how very disappointed many shareholders are with Obtala's corporate comms/investor relations? My own view is that the company should release regular 3- or 6-monthly updated: to strengthen the loyalty and confidence of existing investors, to attract new investors, and to reduce uncertainty and therefore share price volatility. The only people who benefit from extended periods of company silence are spivs and speculators. Nor can I understand why the company is so parsimonious with news, and why it doesn't seem to want the higher share price that would come with more regular updates of good news. The only reason I can think of why mgmt might want a low share price is if it was planning an MBO at a bargain price now that the company finally seems to be delivering... Yours,"|
|tadtech: The appointment of these two directors, out of the blue, is significant and very welcome. I wonder, in the case of Miles Pelham, who has mysteriously declared he has 12.8m shares, if his appointment is down to major shareholder discontent. Is he a representative of some consortium? Remember the bid rumours of 23p a share. The share price has stagnated in a range of 6.5p to 12p over the last two years, this is unacceptable and despite numerous promises of moves to create value progress has been slow, hindered by atrocious PR and failure to meet targets. We are now close to delivery and the group is poised to enter a growth phase. They have now appointed individuals with experience in their respective fields which bodes well. I am pretty sure we will see a new Obtala with improved PR and perhaps a posse of new HNW investors buying in or adding to their positions. If the market gets any hint of corporate moves the share price could re-rate very quickly indeed. We all know Frank wants north of 30p a share for his 29% stake. Forestry divestment news should be arriving soon.|
|multibagger: More good news and growing economies of scale....not expecting a share price uptick though....that will be asking for too much !!
RNS Number : 0616U
Obtala Resources Limited
13 October 2014
13(th) October 2014
Obtala Resources Limited
("Obtala" or the "Company")
Additional Farm Land
Obtala Resources Limited (AIM: OBT), the emerging agri-processing, farming and timber company, is pleased to announce that it has signed an agreement for additional agricultural land in Morogoro, Tanzania.
-- Land area covers 204 hectares, nearly doubling the existing horticulture block
-- Located on the plot neighbouring the existing tomato, fruit and pepper farm project and associated infrastructure.
-- Situated adjacent to main Dodoma to Dar es Salaam tarred highway and close to existing power-line
-- Land lies 235km from the port at Dar es Salaam and 40km from large labour pool
-- Plan is to build on the initial development made in 2013/2014 and create a series of fruit orchards to offset costs made from buying in fruit from contract farmers
Obtala has agreed terms and signed an Agreement with a private, non-related Tanzanian citizen to form an operating and management company in which the Company will hold an 80% interest. The partner will hold a 20% free-carried interest with the company holding the lease over the land for an initial 15 year period renewable for a further 15 years thereafter.
The land lies adjacent to the main tarmac highway which leads to the port of Dar es Salaam, approximately 235km to the east. The land is ideally located on a neighbouring farm to our existing farm operations and associated infrastructure. The objective will be to increase our footprint in the area and provide additional fruit and pepper inputs for the processing unit already established on site. The additional land will allow for expanded revenues and cost savings equivalent to c.$1 million per annum by having own produce and negating the requirement to purchase inputs from contract farmers. The production of the fruits will dramatically benefit financially from the incentives gained from the recently awarded Export Processing Zone licence (EPZ).
Mango saplings are readily available from the local government nursery and the Company will target planting a 60 hectare mango orchard, containing c.20,000 mango trees. The purchase price for the sapling is $30,000. These trees will yield fruit at the end of the 2(nd) year producing an estimated at 5-7 tonnes per hectare rising to 10-15 tonnes as the trees mature. Recovered dried product is estimated at 15% of the fresh fruit weight. The new packaging solution we are evaluating, small 75-100g consumer focused doypacks will provide for significant value added margin realisation with units expected to sell for +$1.00 each.
Pineapple is a two season crop; two crops over 30 months and is a drought resistant, requiring minimum irrigation. The Company will work towards planting pineapples over a 60 hectare area. Currently the Compnay is re-planting the crowns retained from the purchase product being fed into the drier. Yields are expected to be about 37 tons fresh fruit per hectare with recovered dried product packaged in similar bags as the mango and other fruits.
Grahame Vetch, Director of Agriculture, commented: "I am delighted to announce the signing of this agreement which expands our land base in one location. We can expand the existing farm infrastructure into the new block and benefit from the cost saving synergies. With this new block we will look to create fruit orchards that require low upfront capex and have low annual operating costs. The value of the crop will enhance as the trees grow and the concept of the value added packaging and branding under the Mama Jo's label presents an exciting opportunity. In the meantime we are buying in fruit from contract farmers but will be able to harvest our own crop in the near future providing significant additional cost savings."
Francesco Scolaro - Chairman
Simon Rollason - Managing Director
|tadtech: Those new directors are there for a reason, delivery of shareholder value. I suspect the 12.8m shares Miles Pelham holds have been bought far higher up. Perhaps he was the accumulator when some entity was taking all the available stock at 11.75p back in November 2014. I fully expect some form of corporate action from Obtala over the coming months. Buyers have been in the market for OBT over the last couple of weeks and finally the share price seems to be responding. Historically OBT shares move quickly in a pretty thin market, could be back in double digits in quick time IMO.|
|cammy3: This is what's going to treble the current share price The timber business represents a substantial asset which, we believe, is not reflected in the company's share price. We have previously stated our intention to re-organise and divest the forestry division to recognise its true value and to grow the business in Mozambique more expeditiously. We are currently progressing this option, and given market conditions, will be focussed on maximising value. We have also received a commitment for seed funding from private international investors. The Board has also taken the decision not to bring in a strategic timber partner as previously evaluated to avoid value dilution. On the ground the plan is to diversify the product range with on-site processing to capture additional value and are analysing the feasibility of opening up a timber yard in Maputo.|
Obtala Res. Most Recent Trade
|Trade Type||Trade Size||Trade Price||Trade Date||Trade Time||Currency|
|O||100,000||7.25||24 Nov 2015||16:16:04||GBX|