Agriterra Ld Share Discussion Threads

[the count of monte_cristo] 19/9/2013 11:33

I think they may want to RNS that separtely freddie01, rather than bunch it all together. Time will tell I guess.

[freddie01] 19/9/2013 11:21

Good news today and nice to see the rise. A little disappointed that there was no mention of the beef/shops etc as mentioned by The Count.
Still very happy to hold.

[the count of monte_cristo] 19/9/2013 11:13

Well hopefully they have a few lined up, for example how the roll out of the beef retail/butcher shops is progressing in Moz and daily revenues per shop. The current average revenue for the shops was around 3,000 US$ p/d if I recall, so each shop potentially bringing in around 750,000 US$ p/a, and the company eventually want 20 of these operational with 6 up and running at the end of this year, if my memory serves me correctly!

[m1das_touch] 19/9/2013 11:05

Yes, very positive news and good to see the share price responding positively for once!

Need more positive news-flow over the coming months to bring about a re-rating.

[the count of monte_cristo] 19/9/2013 07:43

Nice RNS, all going as planned for the Cocoa business, note that the MC Peat & Co reports base their figures on a cocoa price of 2,400 US$ p/t, current cocoa price is now over 2,600 US$ p/t. Good to hear confirmation that the 2,000m(2)Warehouse and processing facility is expected to be operational in November 2013. This should all follow through to increasing the value of AGTAs assets. Personally expecting very good growth figures for this business over the coming years.



Agriterra Ltd - 19 September 2013

Expansion and Development of Cocoa Plantation & Cocoa Trading Update

...This is of particular importance considering the wider market for cocoa, where cocoa shortages are expanding as chocolate sales climb to record highs. With this backdrop of a favourable pricing environment for cocoa, and a proven track record to deliver, I believe we are well positioned to increase revenue generation and margins over the coming years, as our own high quality product reaches the market."

[m1das_touch] 14/9/2013 12:05

I'm hoping that by the end of October we'll get an operations update, ahead of full year results in November (this was certainly the pattern last year).

Hopefully the update / results will provide some much-needed catalysts for a share-price re-rating. The one point where I do agree with David Stevenson from the IC is that at these levels AGTA 'looks criminally cheap' - hopefully this view will be confirmed by the finals.

[the count of monte_cristo] 14/9/2013 10:17

Its on hold while they focus on developing the agri businesses I believe, Conakry is perhaps a longer term plan

[jazzyjeffnett] 13/9/2013 22:50

what has happened to the conackry port development?

[swooped] 13/9/2013 19:28

Perhaps a gentle reminder to them Count

[the count of monte_cristo] 13/9/2013 19:17

Sometimes it can be hard to work out who is generally interested and who is a time waster, I think generally the genuine posters do some dd first then ask questions. As you say our posts may have been of some use and I suppose it was good to do a refresher on the subject. While I am here I am still waiting for a reply to the list of questions I sent through to the company.

[swooped] 13/9/2013 18:51

Yes I just noticed, TBH I was just surfing the boards and didn't spot the exact wording, just the fact that someone was asking a question of which I thought I could help out with, still no matter maybe someone else will have found the message of some help

[oiht] 13/9/2013 18:19

I reckon so Swooped. Unlikely two different posters would ask exactly the same (and I mean word for word) question.

[the count of monte_cristo] 13/9/2013 15:58

Yes it looks like divmad is indeed olderandwiser. Thanks for the nice comment swooped.

[swooped] 13/9/2013 15:12

The Count of Monte_Cristo, nice research it is appreciated

[swooped] 13/9/2013 15:11

so are you telling me that divmad = olderandwiser

[the count of monte_cristo] 13/9/2013 13:47

You may find this interesting. Ethiopia seems to be hotting up a frontier O & G exploration play.

P.23

hxxp://cc.talkpoint.com/ubsx001/091213a_zl/content/12_H53U5KM/12_H53U5KM.pdf

[oiht] 13/9/2013 13:27

No further equity raisings. Second that!

If I'm not very much mistaken, swooped has been answering exactly the same questions over on LSE, from the same investor!!

[the count of monte_cristo] 13/9/2013 06:33

From the 11th June MC Peat note - I have just extracted the points relating to funds or fnding from p.13;

(ii) We have assumed the compensation payment from the South Sudanese government, of £11.4m ($17.7m), arrives during FY'14. This is a delay from our previous assumption of it arriving in May'13. We understand that the company is now pursuing this payment.

(v) There should be little requirement to fund working capital to buy cocoa stocks because we understand that this will be trade financed and therefore should not need to be directly funded by the company. In addition the working capital cycle of TFL is near its low point by the end of May, given that the cocoa season ends in January and the coffee season ends in April.

(vi) We have assumed that the $10m (or $7m net) of potential further consideration for the disposal of the South Omo oil block (from Marathon Oil) is received in FY'14.

(vii) We have not assumed any further equity raisings.

[the count of monte_cristo] 12/9/2013 20:34

This is what I mean by saying that some folks are too lazy to do any research, all the information is in the rns, you just have to read them. Anyway, see below;

Was also mentioned in the 11th june rns. More cash is also due next year for further info read the company rns's.

28th Jan - 2012



US$28 million received from Marathon Oil

In addition a gross sum of US$12 million has been lodged with the Government of Ethiopia, on account, pending finalisation of any tax payable by Agriterra related to this transaction. Tax will be calculated at 30% of the net gain realised after attributable past costs incurred by Agriterra in the development of the Block. After final determination of any tax payable, the balance will be refunded to Agriterra.

A further US$10 million (subject to applicable tax) will be payable to Agriterra on Marathon Oil's participation in a commercial discovery in the Block.

11th June - 2013



"Agriterra remains in the enviable position of being able to support this rapid growth through the deployment of its own treasury. We currently have a healthy cash balance of US$18.5m and are actively pursuing payment of compensation equating to approximately US$17.8m, in partial recompense for the work undertaken and investment made by the Group on the Block Ba oil project in South Sudan, as referred to in previous announcements. Further updates regarding these proceedings will be made in due course."

[swooped] 12/9/2013 09:53

Divmad the last I know is the officail line this being:

Also in respect of Agriterra's legacy oil interests, as announced on 25 May 2012, the Ministry of Petroleum and Mining of the Republic of South Sudan ('MPM') has acknowledged in writing the Company's entitlement to receive a compensation payment of GBP11,372,682. This compensation payment is as partial recompense for the work undertaken and the substantial investment made by the Company on the Block Ba oil concession area in Southern Sudan, during its previous incarnation as White Nile Limited. The MPM acknowledged the compensation should have been paid much earlier and confirmed that it will be paid to the Company within one year. The board are seeking to expedite this timeline for payment but remain cognisant of the challenges faced by the world's newest country in its early development.

Now that snippet was posted in the Agta final results dated 12th November 2012, so if we assume that the final results was the latest information available and that the timeline is to be taken from then, well I assume that we could see the money within the next couple of months...hoping of course but it is owed, its been agreed and is not in dispute so its just a case of when they can aford it, I suspect we may see a substantial stage payment with a promise to conclude at a later date.

Don't forget the other and additional US$10 million it will get from Marathon Oil following a commercial oil discovery from AGTA's legacy 20 per cent stake in the South Omo oil block in Ethiopia

Swooped

[the count of monte_cristo] 12/9/2013 07:27

IC Dont think:) They just react.

[oiht] 12/9/2013 07:16

Aren't we all? I wonder what the IC thinks ;)

[the count of monte_cristo] 11/9/2013 20:38

Looking forward to your answer there swooped:)

[divmad] 11/9/2013 19:00

Swooped, what's the likelihood of getting that $17mn compensation paid back to agta, and what time frame are we looking at?