Share Name Share Symbol Market Type Share ISIN Share Description
Agriterra Ld LSE:AGTA London Ordinary Share GB00B05MGT12 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 0.25p 0.22p 0.28p 0.22p 0.22p 0.22p 5,007,000 16:35:26
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 10.0 -2.8 -0.3 - 5.31

Agriterra Share Discussion Threads

Showing 3326 to 3342 of 3350 messages
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It seems to be ticking up. I wonder if the worst is over.
I always thought a takeover would be more exciting than this....
pre takeover, that's what is happening!
paul the octopus
Aye aye... what's occurring here?
Wise decision aldermana. Excuse after excuse year after year. This company will never make money. Agriterra Loss Widens As Results Hit By Tough Conditions In Mozambique Tue, 18th Jul 2017 11:39 LONDON (Alliance News) - Africa-focused agricultural company Agriterra Ltd said on Tuesday the ten month period ended March 31 saw a fall in both revenue and profit, despite improving conditions in Mozambique. In February, Agriterra changed its full year accounting reference date to March 31 from May 31. Revenue for the period was down 30.0% to USD12.8 million from USD18.5 million in the 12 months ended May, while the group's pretax loss widened to USD3.6 million from USD7.6 million. The group said the recent macro-economic conditions in Mozambique had previously been "very challenging" due to the combination of a decline in commodity prices, a prolonged and severe drought, and the significant weakening of the Mozambique Metical against the US dollar, down 50% in the 12 months ended December 2016. Agriterra said the environment has improved as a result of a number of factors since the start of 2017, including a ceasefire agreement between the Mozambican National Resistance and Mozambique Liberation Front and the relative stability of the Metical. However, the group added its 2017 financial year as a whole had been "significantly and negatively impacted" by these difficult trading conditions. In respect of its grain operations, Agriterra said short term trading conditions worsened, with a sizeable drop in demand to 4,000 tonnes of maize flour in the three months to March, compared to 6,700 tonnes in the same period the year before, and lower prices when compared to December 2016. The group said this was anomalous to a normal year, when prices and demand usually rise in the period immediately preceding the new harvest, which started in May 2017. Agriterra said as the economic situation in Mozambique improves, interest rates return to normal levels and maize prices decrease, the group expects to see improvements in net profit generated by its grain division. The group said there is "good growth potential" in its beef division, with volumes sold in the period increasing to an average of 227 tonnes per month compared to 186 tonnes the year before. Average monthly beef revenue also improved to 30.4 million Meticais per month from 22.1 Meticais. However, due to the depreciation in the Metical, this translated to a fall in average monthly dollar-denominated revenue to USD434,000 from USD522,000. Agriterra said its offshore water-based liquefied natural gas platform off the coast of Cabo Delgado, in North East Mozambique, is expected to produce its first exports in 2021 to 2022. The company said the past three years have been a "particularly difficult period", but the improvements in Mozambique since January are expected to lead to better trading conditions going forwards.
I sold out of this finally this morning. Probably my worst ever investment. Looking at the final results this morning was the final straw. In essence this business generates about $1m per month at a low profit margin. That might be fine except that there are $450,000 per month in administrative costs to support. How can a $12m business need that much administering? It's basically a rip off. Finally, there was about $2.5m of cash left at March end and a cash burn over the last year of about $500k per month. Not looking promising to me.
Lichtenstein based Gersec Trust now up to 4.83% BB... you and me both. I fell for the South Sudan story that the sale was going to benefit shareholders. Fat chance!
Agriterra announces that it received notification on 10 March 2017 that following the acquisition of 12,109,813 Ordinary Shares on 10 March 2017, Gersec Trust Reg. is now interested in 51,336,989 Ordinary Shares, representing 4.83% of the issued share capital and voting rights of the Company. Still life in the old dog then.
Directors buying recently - first good sign since I bought 6 years ago.
Even a dead dog can apear alive if enough fleas and maggots make the skin move.
Nice chart - shame such a poor co.
horrific / disparate / wild / wasted tens of $millions / slash costs / going bust / little too late / do any worse. I take it your not going to buy in, bluebadger !. Agta were cash rich and they spent the money on a broad set of assets in various contries to spread the risk. Unlucky for them that EBOLA hits Sierra Leone and Mozambique is experiencing military tension that as forced them to scale back and re-ajust. Unlucky rather than bad judgement from the bod. All that and more is priced into the share price and they have money in the bank so on a risk reward basis i bought back in. No good for trader's (thankfully) but a stock that may surprise in the future ! or not as the case may be. You pay's your money and you take's your chance's. Regards.
Another horrific set of results. AGTA purchased too many disparate assets and invested too much of its cash in wild ideas without any of them proving themselves. It's wasted tens of $millions. Finally the management realises that it must slash costs to prevent going bust. It may be to little too late. At least some of the management has changed - the new lot can't possibly do any worse. Unfortunately, there's still no sign of AGTA becoming a profitable business.
Agriterra narrows loss despite beef difficulties African agricultural company Agriterra announced its audited final results for the year to 31 May on Friday, with a group loss for the year from continuing operations - which excludes the results of the discontinued cocoa operations - of $7.68m, down from $8.21m. The AIM-traded firm said excluding non-recurring impairments recorded against property, plant and equipment in the Beef division of $3.07m, the loss decreased by 44% to $4.61m. It said the decrease in loss reflected both an increase in gross profit of $1.25m, primarily in the Grain division, combined with a decrease in other operating expenses of $2.22m, primarily in the Grain division and central corporate overheads. Overall, the operating profit of the grain division was $0.81m compared to an operating loss of $2.13m in FY2015, while the operating loss of the Beef division, excluding impairments of property, plant and equipment increased to $2.91m from $2.32m. “The African agriculture market remains an area of growth potential, with Mozambique having particularly strong prospects because of the eagerly anticipated establishment of a liquefied natural gas industry in the north of the country,” said chair Caroline Havers on the firm’s outlook. “As and when this industry gains significant development and production traction in Mozambique, it is expected to significantly change the economy of the entire country, which will translate into consequential growth in our revenue potential.”
Africa focused agribusiness sells off planes and helicopters to step up its feed activities By Jane Byrne, 04-Aug-2016 Cattle ranching, grain and cocoa agribusiness group, Agriterra, has disposed of some of its aviation assets to fund a feed venture in Mozambique. hxxp:// Bit more detail in the link above.
beggars belief that they had three private aircraft , but at least common sense has prevailed and they are sold for c£400K net . That's 25% of the whole market cap...hence the small share spike. Will also reduce operating costs by hundreds of thousands. Liquidation of the herd will generate several million in cash by the look of the last accounts and leave a profitable feedlot and a profitable retail operation . If they could sell or rent the land they own , there is value of a multiple of the current share price . A big IF , but they seem to understand there is asset value there and which should be being released back to shareholders.
I agree Paul, let the beef side tick over for now with local cattle owners taking the ownership risk and use some of the glut of cash to advance either: a) cocoa assets. 90% of worldwide production is from family owner 2-5 hectares therefore providing a real opportunity to consolidate or b) palm oil assets on Dekeloil business model (build the mill & use local hectares to make up the production whilst yours is growing to maturity)
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