Afriag Share Discussion Threads

[michaelx105] 22/5/2015 15:51

My buy didn't register here...but I'm buying as much as I can while it's so cheap... I want news soon but then I don't want news soon so I can buy more at this level......

[cyberbub] 22/5/2015 13:05

Someone must be buying all these sales at .38x ???

[blueblood] 21/5/2015 09:42

Any here on twitter? Please remind DL that he has non oil & gas companies :-(

[riyazpatel] 21/5/2015 07:16

I'm growing impatient at the lack of news. Any ideas when we're due some results? Someone wanna give lenni a shout he's too busy with his oil ventures

[cyberbub] 15/5/2015 21:08

People need to keep an eye on ISDX with this share, there was a 2.4M buy today, which accounts for the tick up at the end no doubt (not the poxy 75k AIM trade!).I get the distinct feeling that we might be poised for a run northwards again, if there is some good news shortly.NAI

[cyberbub] 13/5/2015 12:32

Just done a dummy buy for a modest 1M shares, quoted offer is now 0.445p, this morning it was 0.415p...NAI

[cyberbub] 13/5/2015 12:28

I suspect that 2M trade is a buy. Someone is building a stake... touch wood...

[lazarus2010] 11/5/2015 10:46

cyber, without knowing too much about the company or the main AfriAg(Pty) side of things, and just going on the rns's issued to date indicating very fast growth, it would seem to make sense that if they want to buy out the other 60% then they should do it asap.

If they do it via some form of reverse into Afri so it becomes merely a share transaction, then I don't see how it helps shareholders? Afri will still own 40% of the entity and will still be the minority shareholder.

Of course the main change in either of the above scenarios would then be that all op's and directors are under the direct control of Afri rather than the Pty.

Have you done any research into the size of competitors in the South African market and African markets? I'm wondering how scalable this business is? Can it grow to a 100mln GBP market cap business, which basically would require a tenfold increase in turnover and profitability. Also if they can do it, at what cost of continued dilution to shareholders? Will there simply be 10x's more shares in issue? DL is well known for raising cash from cheap placings rather than bank finance.

[cyberbub] 11/5/2015 09:33

Lazarus, I have always thought/assumed the likelihood that the remaining 60% of the operating company will in due course be reversed into the LSE entity. Indeed DL hinted at such in an investor presentation. What would be your view on that?

[cyberbub] 11/5/2015 09:31

Transport Africa award nominations now open - there is a Logistics category. Email [e-mail] (South Africa). Can anyone contact DL to let him know?

[lazarus2010] 11/5/2015 08:05

cyber...not at all, just trying to understand the company, assets, profitability and potential. I must admit 'Polly Peck' came to mind, but DL has far too much to lose by doing anything like that. What I don't understand is why DL was prepared to pay so much for a business that was only an idea and not exactly a unique, patented idea!? And he only got 40% and AfriAg only gets paid dividends from AfriAg (Pty) and therefore all management costs etc are under the control of this company rather than Afri.

I also find it interesting that DL set up the company name as exactly the same as the SA (Pty) company so he already had the specific idea of investing in that company...maybe he wanted more than 50% but then got knocked back by the owner and DL couldn't back out as he needed the local guy, so had to proceed. Anyway that's all history, it's been trading for long enough and at least the marketing division is wholly owned by Afri rather than by the Pty. Will the own brand canned fish be under the Pty or under the marketing company, with just the transport of those goods done by the Pty?

[cyberbub] 10/5/2015 11:31

What's the point you're making Lazarus? That it's all a scam?My own view is that yes, mathematically based on the AIM valuation of a 40% holding, the actual operating business is worth £12M. But is it so unreasonable to think that on a p/e of 10, it is making over a million quid in profit? It seems like a substantial operation, OK hardly enormous (yet) but is winning significant contracts with the promise of more. And a lot of the produce is both high margin and also needs shipping quickly to stay fresh, so the producers will be willing to pay Afriag a good price for transport.Just my view.

[lazarus2010] 08/5/2015 15:44

also some very nice in the money options Lenigas has awarded to himself!

...acquired 500,000 ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") at a price of 0.9 pence per Ordinary Share. Following this transaction, David Lenigas holds 106,000,000 Ordinary Shares in the Company representing 12.91% of the current issued share capital of the Company.

David Lenigas also holds 40,000,000 warrants which entitle him to subscribe for 40,000,000 new Ordinary Shares in the Company at a price of 0.1 pence per Ordinary Share, exercisable at any time up to 31 December 2015. David Lenigas also holds share options over a total of 13,000,000 Ordinary Shares in the Company at an exercise price of 0.1 pence per Ordinary Share.

[lazarus2010] 08/5/2015 15:36

just taking a quick look here after seeing it on one of ZakMir's videos. In looking at the start up of the business, the value of the 40% share in AfriAg was done via a share issue, but the original business was not operating and had no income? How could it be valued at more than 3.3mln GBP, and is currently valued, using the market cap of AfriAg on Aim at 12mln GBP? Seems to have been a very nice bit of business by Lenigas with one of his pals who has become an overnight millionaire!

Seems to be a very interesting company especially after the Gatsby contract and more expected.

From the rns announcing the original purchase of the 40% stake:

'AfriAg SA has not generated any revenue since incorporation (in the name of Lipsoscan (Pty) Ltd) in January 2012. For the 4 months to 30 June 2013 AfriAg SA generated a net loss of ZAR 277,000 (equivalent to c. GBP18,500) on no revenue. As at 30 June 2013 the gross assets of AfriAg SA were ZAR 62,000 (equivalent to c. GBP5,000) comprising cash only.'

[blueblood] 29/4/2015 12:50

Nothing just a couple of mid size trades?

[riyazpatel] 29/4/2015 07:26

It is getting boring, but no news is good news. it going to be a cracking announcement that makes a big move.

[blueblood] 28/4/2015 17:20

Bored investors probably. Really thought we would have had update by now but hopefully the longer it takes the better it gets!

[cyberbub] 28/4/2015 16:43

Hard to understand who's still selling here...

[michaelx105] 23/4/2015 10:42

He's too busy with Cuba. It's so quiet here....

[blueblood] 23/4/2015 08:06

Really surprised DL hasn't updated us for few months here as news is lifeblood for these small AIM tiddlers. I do however expect good news very soon now!

[michaelx105] 22/4/2015 14:00

Lenigas off twitter for a bit....hope he's busy on Afri and readying an update.

[cyberbub] 22/4/2015 10:14

There's the sell to offset the buys of the last few days...

[cyberbub] 22/4/2015 09:31

Hopefully... 338k buy at 0.44 gone through on ISDX this morning..