Agriterra Ld Share Discussion Threads

[paul the octopus] 29/4/2016 17:54

here is the Mrs

[maytrees] 29/4/2016 16:34

New director - I am back in with a few at 0.25p.

Level 2 did not look quite so weak at current share price though far more importantly
despite ISIL and other thugs in Africa, that continent's farming and business has to improve.

[bluebadger] 22/4/2016 00:01

AGTA is now down more than 90% since I joined. I expect it'll go all the way to £0, the way the management is burning its way through their remaining cash.

[freddie01] 21/4/2016 15:41

Agriterra Warns Of Possible Hit From Growing Mozambique Problems


LONDON (Alliance News) - Agriterra Ltd on Thursday said the political situation in Mozambique has continued to deteriorate in 2016, and while its operations have not been affected so far, there is a possibility the problems will have an impact in the future.


In Mozambique, the country has been plunged into chaos amid ongoing clashes between the government led by the Mozambique Liberation Front, or Frelimo, and the Mozambique National Resistance, or Renamo, a guerilla group.

This situation has continued to deteriorate in 2016 and local Renamo militias have become entrenched in rural areas such as the Tete and Manica provinces, where Agriterra has a number of its operations.

Agriterra runs maize and beef agriculture operations in Mozambique and cocoa operations in Sierra Leone.

The Renamo militia presence in Tete and Manica present a major risk of ongoing attacks on vehicles on the main truck roads in the region, despite efforts by authorities to broker a solution to the problem, it looks possible the conflict will continue, Agriterra said.

To date, Agriterra said it has not suffered any economic loss from the problems, but it is possible its operations will be disrupted in the future, particularly its maize purchasing operations which reach into the Manica, Sofala and Tete provinces. Movements of its beef products also could be affected.

In addition to the conflict, Mozambique is suffering currency devaluation. Since May 2015, the Mozambique metical has depreciated 50% against the dollar and 20% against the South African rand. This has had a major impact on the purchasing power of the local population, Agriterra said, though its grain operations have benefited from lower production costs.

However, the metical is set to fall further as it faces pressure from reports of alleged undisclosed government guaranteed borrowings of over USD1.1 billion, around 10% of the country's gross domestic product.

Due to the undisclosed borrowing, the International Monetary Fund has suspended additional emergency lending amounting to around USD155.0 million for Mozambique and has suspended any policy support programmes.

As a result, local currency markets will suffer further, and the value of the metical is drifting lower, which may hit sales for Agriterra's grain and beef divisions and which will increase the cost of imported supplies, hitting margins.

Agriterra said it has started the new season buying campaign for its grain operations and has agreed a USD5.5 million loan with its lender to support working capital needs for the division.

For the beef arm, sales have fallen due to the struggling natural resources sector in Mozambique, particularly on wholesale contracts.

Agriterra shares were down 6.2% to 0.272 pence.

By Sam Unsted; [e-mail]; @SamUAtAlliance

Copyright 2016 Alliance News Limited. All Rights Reserved.

[tenapen] 18/4/2016 17:32

My track record with African focused companies is as follows

Lonrho - LOST (when taken out)
Zambeef - LOST
Agriterrra - LOST
Cambria Africa - formaly Lonzim - Loosing but forever hopefull

I will not be buying into the African dream again, although i still beleave, long term and if you had lots of money to spread around, you would pick a multi bagger at some point. Sadly i do not and will not !.

[freddie01] 18/4/2016 16:13

That would be because I have shares in this one.

[4sta] 18/4/2016 16:06

Plenty of aim companies in Africa yet this is the only one that I know of that crashes the share price everytime something bad happens there!

[oiht] 18/4/2016 09:12

Well, I did have these on the back burner, but I've turned the hob completely off now. No wonder no-one invests in Africa!!

[4sta] 29/3/2016 18:30

Said that the response would be political. Just have to wait and see.

[ih_559481] 29/3/2016 17:28

I suspect it may have something to do with this:

[4sta] 29/3/2016 15:38

Anybody have a clue what's going on today? Thought it was time for this to head North again not go further South.

[maytrees] 17/3/2016 11:15

That 2m sale at 0.40p earlier has at last pushed level 2 on to decent numbers with more buys than sells displayed . Previously there was a 4.5m tranche on the offer side.

Onwards and maybe at last, upwards but of course dyor.

[4sta] 14/3/2016 14:49

Heres hoping.

[paul the octopus] 11/3/2016 16:37

or maybe you will get your 4p back soon :)

[4sta] 11/3/2016 15:49

Seems they're heading in the right direction though finally, maybe worth buying a few extra shares to lower my 4p average!

[maytrees] 11/3/2016 14:35

Quite a deal of interest just now.
I rejoined at 0.43p earlier but there appear to have been a large number
of sells up until today so any share price turnaround for PIs is likely to take a while unless we are lucky.

[4sta] 11/3/2016 14:33

Something happening here? Loads of big buys yesterday afternoon and now the same again today?

[paul the octopus] 26/2/2016 12:22

the net loss decrease in $ compared with last year, now factor it local currency devaluation again $ to understand how big they are growing locallymaize is in net profit nowbeef expanding, revenue increased but offsets coatscocoa bit of a delay due to ebola, but all still in place

[bluebadger] 26/2/2016 12:10

Some solid progress but the group still lost $2.80 million in the 6 month period ending 30 November 2015. They seriously need to get the cash burn down.

[freddie01] 26/2/2016 10:18

More patience required with some way to go yet.