Agriterra Ld Share Discussion Threads

[falia] 02/1/2015 15:03

what price will the offer be

[sapper2476] 02/1/2015 15:03

Well. Not got many here but my 400k might just come to something. Still hanging around for 2p

[falia] 02/1/2015 14:57

very hard to buy now

[amt] 15/12/2014 13:53

very strange share price reaction. Perhaps triggering stop losses to get some stock for somebody who wants to invest a lot. All recovered again, very strange.

[bluebadger] 15/12/2014 12:09

Just keep reminding yourself that the further it falls, the more multiples it will make when it eventually rises :)

[eipgam] 15/12/2014 11:42

I'm watching... but with my eyes closed.

Whats going on?

[eipgam] 15/12/2014 11:42

I'm watching... but with my eyes closed.

Whats going on?

[oiht] 15/12/2014 11:29

This just goes from bad to worse, little wonder no-one invests in Africa! Anyone still watching?

[baa] 31/10/2014 17:13

I agree ten , but they themselves say it has no impact on current financial results , so where they got the idea from that the company would be profitable is a mystery . I see they have changed a number of Directos , so maybe the current lot will step up

In my view they have badly forecasted the results from moz , given investors a poor view of cash-burn and I'm rather expecting them to use Sierra Leone as the excuse , whilst of course ignoring the fact that only a month ago , they said it would not impact current results.

I do , however accept that the tragic sierra leone situation has removed a chunk of speculative value outside their control , but that doesn't get away from the moz business & their lack of ability to provide investors with timely or accurate information.

anyway , the market got the price right and the NAV is irrelevant until it makes money - by the time they get there the accumulated losses will have wiped out the balance sheet & the nav will reflect the mkt cap.

[tenapen] 31/10/2014 16:35

With all due respect baa, no-one saw Ebola or any other disaster hitting the continent of Africa. A kick in the xxxxx just when many countries were climbing out of the gutter. Taking a long term view there will be many an opportunity to pick up dirt cheap African stocks in the coming year. IMO.

Regards.

[baa] 31/10/2014 11:32

you're an optimist cyfran!

only a year ago a director was saying they'd turn a profit in the near future .That was nonsense . As you say , 2-3 years away and then they are hardly likely to be making £1m , which you need to justify a mkt cap of even £10m,

Add onto that a massive hint that Sierra Leone is only salvageable if they get lots more funding and you understand why the market has the price right.

Their communication strategy is very poor and if they believe the share price is way too low , either the directors should step up and buy or they should put out a clear forecast of when the moz operations will move into the black and how all the overheads are justified . A£600K pa board looks excessive in the context of the progress made.

Only hope in my eyes is that someone comes in to buy the assets , because they believe they can be managed better .

[cyfran101] 29/10/2014 00:21

So they have enough cash for two more years at current rate.

Within two years they are on track to make the critical mass of 10,000 head of cattle and build out their retail network/make some supply deals now the problems have died down.

The loss making cocoa trading part is discontinued and the planting is now only ticking over with possibilities that they could recommence in June next year to possibly plant out 4,000ha prior to 2018 at the earliest, more likely 2020.

Maize is pitiful. They get the volumes and the margins are poor, they raise margins and can't get the volume. Result: Loss year on year with only the silver lining of synergies with the beef operation to compensate and a possibility that with the political issues dying down they could breakeven next year.

Money on AGTA is money on the beef so if they are on track and the losses are minimised elsewhere this could just make it?

[oiht] 17/10/2014 13:10

Think I'll put these on ice and come back next year.

[sitiain] 13/10/2014 10:57

coca africa and ebola

[baa] 23/9/2014 15:51

big volume around 1p today - maybe the seller is cleared out at last.

cocoa price parabolic - pity ours is in limbo

[oiht] 23/9/2014 15:36

Agreed yorkie but at least we now know that the BoDs are still alive - I was starting to wonder!

[yorkie52] 22/9/2014 22:22

Ok but I still feel they should tell us why when they had it in writing that our entitlement was £11.372 million!!

[the count of monte_cristo] 22/9/2014 09:43

That's all they are getting Yorkie...I guess they decided something is better than nothing...

[yorkie52] 22/9/2014 09:09

Extract from RNS dated 12/11/12 quote "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 £11,372,682."
Why have management given no explanation of the shortfall? Or is this just an interim compensation payment. Also still no mention of the $10m in escrow account from Ethiopia held until the tax situation is sorted out. How much time do they want to sort it out? Do they think us long suffering shareholders will forget about it. Lets see what final results have to say. In the meantime the share price continues to plummet.

[oiht] 17/9/2014 12:52

I was expecting zilch TBH.

[odvod] 17/9/2014 11:45

utilised - free of charge or not?