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AFRI Afriag

0.085
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Afriag LSE:AFRI London Ordinary Share IM00B3VVCM89 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.085 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Afriag Share Discussion Threads

Showing 1876 to 1895 of 2125 messages
Chat Pages: 85  84  83  82  81  80  79  78  77  76  75  74  Older
DateSubjectAuthorDiscuss
17/5/2016
10:21
Dig out your old AFRI holdings! From slump to 0.07p on AIM delisting to 400% growth in revenues and share price in less than 6 months. Expect old highs to be tested before 2016 with DL pushing 2016 as big year for AFRIAG.....
blueblood
16/5/2016
05:50
Just caught up with the news release. Looks like AfriAg have done very well in last year's accounts. Much bigger than I would have thought. The market cap is all wrong at this price.
mug3
14/5/2016
16:01
Don't know what price they are using for AFRI but it's well in profit now since 0.195p sell recommendation.
blueblood
13/5/2016
15:48
DL about to start promoting AFRI. Biggest buy of day posted after hours 1.5m @ 0.243p!

Ticked up at close to 0.23-0.28p for nice 30% rise today but only the beginning of re-rating to match growth prospects.

blueblood
13/5/2016
09:46
DL just landed back in Europe and tweeting about AFRI. Great 2015 but 2016 will be much bigger! Watch 2016 :-)
blueblood
13/5/2016
09:22
Another 500,000 buy through @ 0.24p.

Moving up on every buy 0.22- 0.25p now and no stock is available. Once online trading commences and demand increase expecting steady increases going forward. Ring you broker and buy on the phone before it's too late.

blueblood
13/5/2016
08:36
First trade starting to come through on ISDX. 500,000 buy @ 0.22p and price moved up to 0.2-0.25p. My target is 1p over next 12 months.
blueblood
13/5/2016
08:15
Decent set of results at this stage on start up development. Expecting 2016 to be the year we move into making decent profit of c£1m and operating as cash flow positive. Economies of scale should start to kick in now following initial expansion and looks like we have long term growth story developing here.

CP why do you say main London listing? Was thinking of J'burg myself.

blueblood
13/5/2016
06:50
blueblood 11 May'16 - 09:27 - 923 of 926 2 0

Some good news being mentioned on twitter by DL about AFRI. In particular large expansion in trucking fleet and possible listing on another exchange. You don't rent trucks to sit empty in yard....expecting share price to start moving again into results at month end.



Well played there blueblood [by the way looks like a full listing in London]

cpap man
13/5/2016
06:25
AfriAg Plc



("AfriAg" or the "Company")



Final results for the year ended 31 December 2015



Chairman's Statement



I am pleased to present the annual report and financial statements for AfriAg plc (the "Company" and, together with its wholly owned subsidiaries, the "Group") for the year ended 31 December 2015.



2015 has been an outstanding year of growth for the Company, with its 100% owned marketing division AfriAg Marketing Pty Ltd ("AfriAg Marketing") generating in excess of 400% increase in revenues to ZAR 38.395 million (£1.977 million) with a net loss for the year of ZAR 0.484 million (£25,000) and total assets of ZAR 6.775 million (£296,000).



In addition, the Company is pleased to report that the specialist African agri-logistics group AfriAg SA (Pty) Ltd ("AfriAg SA") in which the Company has a 40% equity shareholding, has now developed into a significant logistics enterprise. It has reported full year revenues to 31 December 2015 of ZAR 119.522 million (£6.155 million), with a net profit for the year of ZAR 6.964 million (£359,000) and total assets of ZAR 47.378 million (£2.073 million). The Company has equity-accounted for its 40% share of this profit for 2015, being £143,000 (2014: £4,000).



Group Results for the Period



• The Group's gross turnover has increased by over 400% to £1.977 million for the year (2014 - £391,000)



• The Group's net loss after taxation for the year was £96,000 (2014 - £835,000 loss).



• The Group's current assets including cash at 31 December 2015 amounted to £810,000 (31 December 2014: £945,000).



Strategic Review for the Period



AfriAg was formed only a few years ago with the view of establishing an agri-logistics investment company, with the principal aim of investing in entities which export African food products to the global market place and we are now seeing this business plan being implemented as envisaged.



Our client base has continued to grow, with the Group and its investee company now providing bespoke agri-logistics solutions for several large companies and names in southern Africa and globally.



AfriAg Marketing and AfriAg SA have significantly increased their combined fleet of branded "AfriAg" refrigerated trucks over the past year and now currently operate a combined busy fleet of 58 trucks with 52 trucks leased and operated by Afriag SA and 6 trucks by Afriag Marketing.



AfriAg Marketing has experienced an excellent year of trading, increasing its revenues in 2015 by over 400% to ZAR 38.395 million (£1,977,000) (compared to ZAR 6.792 million (£391,000) for 2014) resulting from the Company expanding its business operations of trading and transporting fresh food products in and out of southern Africa.



The majority of the revenue for 2015 for AfriAg Marketing was generated from the much faster moving fruit and vegetable export markets from southern Africa to many destinations globally. AfriAg Marketing made a strategic decision to focus on exports that had a significantly shorter payment cycle. As such the trading of fish products ceased during the year with AfriAg Marketing instead focussing on trading and transport logistics of these faster moving products.



During the year, AfriAg Marketing commenced acquiring its own fleet of branded "AfriAg" refrigerated trucks to cope with the increased demand for its exports. AfriAg Marketing's 100% owned fleet now totals 6 diesel Mercedes trucks and refrigerated 15.2m (30 pallet) trailers painted in AfriAg colours. The new fleet is currently servicing clients transporting fresh produce from Zimbabwe, Zambia, Malawi and Mozambique to Johannesburg for domestic distribution there and for airfreight and seafreight to global markets.



AfriAg SA had an outstanding trading year in 2015, expanding its operations significantly with a particular highlight being the record airfreight achieved for the year of 2.56 million kilograms of perishable goods being airfreighted from South Africa, on behalf of clients, to their multiple export markets around the globe. This is an approximate 50% increase on 2014 airfreight numbers of 1.72 million kilograms, making AfriAg SA one of the largest movers of perishable airfreighted food in Southern Africa.



AfriAg SA has also opened a new operational headquarters and logistics base of 10,000 square metres in Johannesburg, 6 kilometres from O.R. Tambo International Airport. The new AfriAg SA HQ handles all aspects of the business and is the major staging and refuelling point for AfriAg's growing fleet.



Outlook



The Company anticipates another year of strong growth as the logistics fleet continues to expand due to the increased demand for our and AfriAg SA's agri-logistics services focused on Africa.



We are seeing continued strong growth with airfreight movement in AfriAg SA, having flown over 800,000 kg of perishables for the first four months of 2016 to the end of April. These months are typically the quiet months and are substantially in excess of the 2015 airfreight numbers for the same period.



We will continue to increase our logistics trucking capacity and expand our trading model of selling and exporting African fresh food to the world.



The Company also intends to identify further investments in the African agri-logistics sector, to enhance the AfriAg brand, which has now become very well established.



The Board would like to take this opportunity to thank our shareholders, staff and consultants for their continued support and I look forward to reporting further significant progress over the next period and beyond.





Hamish Harris

Executive Chairman

12 May 2016

cpap man
12/5/2016
14:26
ISDX hopeful of online trading starting within month. Jarvis & the Share Centre first followed by H/L then others in following months.
blueblood
11/5/2016
15:35
Everything coming together nicely. Online trading on ISDX now ready for brokers via Proquote. Hopefully will start up before results and ADVFN graphs, pricing and trade data will be restored. People selling at sub 0.1p on AIM delisting will be kicking themselves very soon but not too late to get back in for ride up!
blueblood
11/5/2016
08:27
Some good news being mentioned on twitter by DL about AFRI. In particular large expansion in trucking fleet and possible listing on another exchange. You don't rent trucks to sit empty in yard....expecting share price to start moving again into results at month end.
blueblood
05/5/2016
08:54
Final results for year ending 31st December 15 will be released on or before 31st May 16 in line with ISDX reporting requirements. Hopefully will be accompanied by update on current trading in 2016 and start of online trading on ISDX. Good results (which I am expecting) will see so back into 0.4p range imho.
blueblood
28/4/2016
16:16
New FD appointment with existing postholder moving onto BoD as non exec.
blueblood
19/4/2016
17:55
As you have already stated blublood = AFRI are way over sold and basically very cheap!
cpap man
19/4/2016
17:21
Another positive day for AFRI. Up to 0.175-.225 and 3.8m trade probably broker to broker @ .175p. Looking for more .2p+ buys over rest of week.
blueblood
18/4/2016
14:45
Many thanks for all the AFRI updates blueblood
cpap man
18/4/2016
13:16
0.225p paid for 250k shows no supply and this will continue to advance on further buying until sellers appear to feed the market.
blueblood
18/4/2016
08:29
Ticking up 0.15-0.2 now on ISDX.
blueblood
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