Agriterra Ld Share Discussion Threads

[eipgam] 17/9/2014 10:55

That amount from South Sudan is more than we were expecting (given the finances of the country) but less than we were told to expect?

[baa] 17/9/2014 09:22

well getting the good news out with the bad explains why the announcement was delayed until now .

surprised the share price hasn't risen more on the cash settlement as that removes the need for funding .

all in all , that removes some of the uncertainty

[luckylucas] 17/9/2014 08:27

$5.6 million is about a third of its market cap, trading will save money too.

[freddie01] 17/9/2014 08:02

Why no mention of the beef side of the business?

[oiht] 17/9/2014 07:46

Probably blue badger.

[bluebadger] 17/9/2014 07:42

"The Company is confident that ceasing trading will not have a materially adverse effect on its financial performance."

Is this because the company can slash costs and there was no revenue from it anyway?

[cyfran101] 01/9/2014 14:12

Ahhh. Agriterra mentioned in Shares mag as a recovery play...

[cyfran101] 29/8/2014 22:14

Disappointingly he only says "in terms of losers and laggards....African agriculture play Agriterra continues to plummet inexplicably in price"

The sentiment does confirm my own and if that is all it takes to produce a 10% boost what will a good update do?

[mull3r] 29/8/2014 16:18

Mentioned in David Stevenson's SIPP portfolio column in the IC

[baa] 29/8/2014 14:31

lots of buyers appearing today....coincidence,enthusiasm or maybe there will be news of sorts..

[jazzyjeffnett] 28/8/2014 23:17

hxxp://www.thecattlesite.com/footandmouth/ make up your own minds, it's not as bad as people might want you to think? this happened 2 weeks ago wild buffalo broke down some fencing

[cyfran101] 28/8/2014 20:31

The FMD outbreak is bad news if they fail to implement any control procedures but they appear to be on top of that.

The FMD outbreak is in the very south of the country (Maputo region) and is far removed from the central area that our activities are focused on.

There will be a <10 km protected zone around the infected premises, a 10-15km zone on top of that for surveillance and restricted movement from other regions into that area.

On that basis, with proper controls implemented, I feel the affect will be minimal.

The peace deal is much more relevant as the rebels were holed up in our area of focus and therefore I fail to see why the share price has dived in the last few weeks.

Lack of newsflow is the probable answer and the entry of speculation over the cash position to fill that void.

[varies] 27/8/2014 17:38

baa
Thanks for telling us about the foot & mouth.
Another company whose shares I hold has just had much of its crop
wiped out by a typhoon (Asian Citrus).
2014 is proving a terrible year for disasters, man-made and
natural.

[baa] 27/8/2014 11:52

peace in moz.....but news of a foot and mouth outbreak....you
couldn't make it up . . maybe that's all the bad news in

[varies] 27/8/2014 11:34

baa
I accept your distinction between cash and current assets and agree
that we need to be told more about the current position in both
Mozambique and Sierra Leone.

[oiht] 27/8/2014 10:55

That is good news baa, that knocked a big chunk off the share price a few
months ago IIRC. Not that I'm expecting the share price to immediately react
in the opposite direction now, it doesn't work that way! Still
holding for the long term because I like the vision but I'm
starting to understand better now why investors are so reluctant to
invest in Africa.

[baa] 26/8/2014 15:23

you cannot run a business from current assets , you run it from cash , which was £8.7m @11/13. Who knows what the cash outflow has been since then , but looking at historics , a guess would be in the £3-5m range . Sierra Leone might be adding to that now , more so if the cocoa harvesting plant is shut (be nice to know if the company might be bothered to tell us) & more if they sold any crop forward that they can't now deliver.who knows...

No doubt when they report , they'll report a meaningless cash position as at 31 May , so in the absence of any other information , it's a fair assumption that they might only have 12 months operating cash left right now.What they need to do is to communicate the cashflow to shareholders, because at the moment the market is saying there will be a placing,etc. If they can prove otherwise , the share price will recover rapidly imo.

One bit of good news - the FT says the two sides in the mozambique conflict have agreed a peace deal , so hopefully we're set fair there for a bit.

[varies] 26/8/2014 13:47

Accepting that the Ebola outbreak in Sierra Leone will have a dire effect on AGTA's assets there,I cannot see why new money should need to be raised.
Net current assets at 30 Nov 2013 were US$16.78m, say £10m or nearly 1p per share.
I do agree that the company should give us more news soon.

[odvod] 22/8/2014 12:43

good lord!

[baa] 05/8/2014 17:31

another plausible problem will arise where they've sold cocoa forward and can't harvest or deliver. that could be serious given the numbers involved.

find it astonishing that the company can't be bothered to communicate with shareholders . maybe there is a problem , maybe there isn't - in the absence of any information , the share price says there is.

this year looks like a write-off . If they have problems harvesting , a placing will follow for sure .

looking more and more like another aim stock that goes nowhere and which suffers from poor management which over promises and under delivers.

[the count of monte_cristo] 01/8/2014 07:29

Been reading up on Ebola, some fascinating reports on the BBC, especially relating to the young Belgian Tropical Disease doctor who first identified the virus back in the late 70s, the virus is named after a river. The virus is actually fairly easy to contain and is more a virus of poverty, however it is highly contagious and also very deadly. Basically the virus comes from fruit bats which have been eaten as bush meat. Worth remembering that West Africa is where many of the most deadly tropical diseases emanate from, AIDS (originally from Monkeys) the Marburg virus, Ebola...the list goes on. The hot humid conditions are excellent for the development of virus's.

I am wondering what impact this will have on Cocoa farming, as the below report suggests it is already impacting the Agri business...more down to perception and fear than anything else.

[swooped] 21/7/2014 10:01

A placing! I think they need to come to the market with some news.