Agriterra Ld Share Discussion Threads

[thomcooper] 16/7/2014 12:50

I'm not so sure count. It will impact their existing stocks, but as they're a buyer not a producer, it should help margins on the maizemeal side.I am somewhat worried that they might need to come to the market with a placing however.

[the count of monte_cristo] 15/7/2014 07:44

The tumbling corn price will impact the revenues for the milling side of the business.

Corn now at 385, a few months back it went over 500!

[oiht] 14/7/2014 11:40

Shame. Still they haven't given up yet.

[giant steps] 14/7/2014 10:54

Reminders re South Omo Block

14th July 2014


3rd Oct 2012

[thomcooper] 20/6/2014 12:37

To be fair, its possibly hitting some resistance at the 1.8 1.9 level. You can say its going in the right direction when it pushes past 2.2 & away from its downwards trend.

Theres nothing to stop it bouncing down to new lows from here.

[freddie01] 20/6/2014 11:45

Mustn't get excited but it's nice to see it moving in the right direction.

[thomcooper] 19/6/2014 23:24

Hmm. Who knows. As I said earlier, I think there's more bad news here. I'm in, but I see it as a bit of a binary bet, so I'm not in big...

If they can break even & the directors appear to be starting to take care of cashflow rather than buying up anything in Africa that grows, I'll be a bigger buyer as I think the wind is behind its sails.

[m1das_touch] 19/6/2014 23:08

Another 6m buy at the end of the day - seems like someone is stake-building. Hopefully this will lead to a re-rating.

[m1das_touch] 19/6/2014 15:00

It shows as an ordinary buy, went through at slightly above the offer price and wasn't delayed...but to be honest who knows?!

[the count of monte_cristo] 19/6/2014 13:33

Is the 8m a t-trade or an actual buy?

Cocoa over 3,100 US$

[luckylucas] 19/6/2014 13:17

Positive note put out today on cocoa which references AGTA...can't seem to link to the full report but this should give you the gist hxxp://www.agrimoney.com/news/cocoa-deficit-may-nurture-new-sector-to-invest-in--7168.html

[m1das_touch] 19/6/2014 13:00

8 million buy just gone through, nice to finally see some upward movement in the share-price.

Bought back in here recently as AGTA now seems way undervalued based on it's NAV. Clearly still unloved and yet to prove they can turn a profit, but I wonder if perhaps the re-rating of OBT recently is re-igniting investor interest here?

[oiht] 19/6/2014 09:02

Good points thom. gla

[bluebadger] 18/6/2014 14:16

The lower it goes, the better value it becomes.

Buy low, sell high.

(And keep your fingers crossed in the management!).

[oiht] 18/6/2014 13:41

I'm still here, waiting patiently for the "increased earnings visibility".
I reckon it'll happen eventually but when? Dunno!

[freddie01] 29/5/2014 16:26

Agriterra appoints two as beef business bounds ahead



Agriterra (LON:AGTA) has made two senior executive appointments to support its growth in the African agricultural sector.
Daniel Cassiano-Silva has become financial director with immediate effect, while agricultural specialist George Naude becomes chief operating officer (Mozambique).
Naude replaces Euan Kay who is retiring from day-to-day management but will remain as a non-executive and provide consultancy.
Andrew Groves, Agriterra's chief executive said, "This is a period of significant growth for Agriterra.
Cassiano-Silva's financial background, experience in Africa, and in particular in Mozambique, will be of significant value, he said, while Naude has worked in international agri-operations and hasmore than 13 years' experience leading projects in Mozambique.
Groves added that Agriterra currently is particularly excited about its beef business where its ranches are being developed through "phased irrigation programmes, rapidly expanding the breeding herd, and optimising the feedlot and the established retail operations to build both critical mass and increase earnings visibility."


[...]

[the count of monte_cristo] 23/5/2014 07:25

Well update - Ethiopia

23 May 2014 - Tullow Oil plc (Tullow) announces that the Shimela-1 well encountered water bearing reservoirs.

Shimela-1 in the South Omo Block, onshore Ethiopia, was drilled to test a prospect in a north-western sub-basin of the vast Chew Bahir basin. The frontier wildcat well encountered lacustrine and volcanic rocks including almost 100 metres of net sandstone reservoir within siltstones and claystones. Trace thermogenic gas shows were recorded at 1,900 metres.

The Exalo 205 rig drilled Shimela-1 to a final depth of 1,940 metres. The rig will now be moved to drill the Gardim-1 wildcat exploration well in a completely separate sub-basin, in the south-eastern corner of the Chew Bahir basin.

Tullow Operates the South Omo Block with 50% equity and is partnered by Africa Oil Corporation (30%) and Marathon Oil Ethiopia Limited B.V. (20%), a wholly owned subsidiary of Marathon Oil Corporation (NYSE: MRO).

Angus McCoss, Exploration Director, Tullow Oil plc, commented today:

"Although the Shimela well only found traces of thermogenic gas, it has provided key data to continue to build our understanding of the north-western part of the Chew Bahir basin. The prospectivity at the Gardim-1 well, which is targeting an independent petroleum system in a separate south-eastern sub-basin, is not affected by this result.

[kaos3] 02/5/2014 19:55

I feel uncomfortable that the noble group is around. there was a ukraine group which was bought by its shareholder noble as a rescue operation if I remember correctly. some called it stealing. no wonder that the noble is so rich.

[the count of monte_cristo] 02/5/2014 08:04

No news on palm oil because they are focusing on the grain, beef and cocoa.

Cash should be enough to see the investment phases through and for the business to start making a profit - long term hold for value investors this one, IMHO.

[thomcooper] 01/5/2014 23:44

Order book was still bearish last time I looked.i think it could go down to 1p. I'm not selling but I've stopped buying. They should build a robust business. Expansion will come. It's in a good sector in a promising part of the world.

[thomcooper] 01/5/2014 23:40

I'm not overly impressed with the statement. What news does it tell you other than that they're looking at buying more stuff & that the shops are turning over £70k month. Who knows what that means? It could turn over 70k & make a loss. Some buying today but not massive amount of value.$8million will be gone in 2 years on recent operating losses. The board should concentrate on the existing business turning a profit with existing investment.It's not critical yet, but the board have to perform over the coming 12 months, show their worth & make a profit.What's the news on palm oil? Am I missing something?

[bluebadger] 01/5/2014 16:07

I'm a little uncomfortable with their entry into palm oil from an ethical perspective. It's been the cause of massive deforestation in Malaysia and Indonesia, and continues to be. When will greedy humans stop logging the remaining pristine forest Earth has?

On the plus side, AGTA is planting on brownfield agricultural land, so at least they're not cutting down ancient rainforest. They'll be able to sell this as sustainably produced "ethical" palm oil which will fetch a higher price. But one sniff of them cutting down forest to plant palm oil and I'll be selling.