Agriterra Ld Share Discussion Threads

[sitiain] 05/3/2013 07:29

i think the assets are too diverse to keep banging the profit drum.
we know the cows are growing in number and they are worth 800/900 dollars each when fully grown.
the maize opporation, yes that could have some stand along figures.
but im not sure what u expect.
if the company embarks with the palm oil and expands coco in africa , that is going to take money, which they have.
why is profit such a big deal?
i think if you invest in agriculture in africa you have to let them grow and expand the assets.
the profit i hope will come but you have to consider what they have built and put in place,
the dam
the maize storage
buying up of land and assets.
these are all one of costs, but can hardly be expected to realise profit yet.
i would just like the story to get out there a bit more.

[n3tleylucas] 05/3/2013 06:02

My god, Phil even mentioned the P-word!

"... which when mature, will generate significant revenue and profits"

it's that M-word that's a little disconcerting, share price now?

3.26p = £34.55m

Big investment drive ahead ... but come on, let us know when you think you can actually turn a profit please :)

[sitiain] 05/3/2013 05:47

i think Guinea is a bit on hold presently for a lot of potential investors.
there has been some trouble with BHP and some other assets there which i think might be the reason.(I THINK)
one of the issues here i believe with AGTA is how they are seen by the investment community.
if they diversify too much im not sure they will attract as much attention.
As a pure agri play some could argue the different products are hard to get your head around.
i am very long here and , as ive stated before am very disappointed the directors havnt bought shares especially with reagrd to the discount to NAV.
they really need to get out there on a road show and attract some funds to get this price out of this stalemate.there is tones of money going into agriculture and we are seeing none of it.
miles under the radar.

[the count of monte_cristo] 04/3/2013 08:38

Well they have the cash to develop this asset so I dont understand why nothing is even mentioned about it anymore - they should update shareholders on progress. I will let you know if I hear anything and post the response on here.

[cyfran101] 03/3/2013 22:54

RNS from 23 Feb 11 stated:

Leading German international port consulting engineers and architects Inros Lackner AG has been engaged to assist with the project and is presently in the process of conducting an implementation and development study. It is envisaged that a construction partner and appropriate project financing will be secured to complete the project.......

....The Company will release an announcement regarding progress of this project in due course once there is further information.

There is a note on page 61 of 2012 accounts stating:

"The Group holds a Concession Agreement with the Port of Conakry (Guinea) for the construction and operation
of an industrial and commercial terminal in the East Zone of the port. An external feasibility study to explore the
options to develop the concession has been prepared and the Group is seeking partners to exploit the concession.
The concession fee will be amortised over the operational life of the project which has yet to be determined"

I'd imagine this is more or less what they might e-mail Monte if a reply is indeed received.

So over 2 years they have completed an external feasibility study, maybe they would regard this as non core (at present) and therefore they can add better value building up the agricultural operations with the port as a longer term option once we are in a cash generating stage or when appropriate partners arrive on terms they like.

[tenapen] 03/3/2013 20:08

I bought my first lot of AGTA shares on the Conakry RNS two years ago.

Only two years !! feels like longer.

Hae Ho.

[eipgam] 03/3/2013 13:29

Not an oil share anymore...

Thanks Monte... we can count on you!

[flyingbull] 02/3/2013 17:36

The March oil stock competition challenge is still on.....deadline for entries is Midnight on Monday 4 March 2013.


Best regards,
fb

[the count of monte_cristo] 02/3/2013 11:37

I have contacted the company and asked them what, if anything, is going on with the Conakry Port Development Agreement.

Additionally I have asked if we can have a more upto date company presentation, the current one dates from 2009 (4 years old!) and only contains pictures. I think they can do better than this at promoting the company as an investment.

[the count of monte_cristo] 02/3/2013 11:27

Whatever happend to the Conakry Port Development??? The company never even mentions it now.



23 February 2011

Signs Conakry Port Development Agreement

Agriterra Ltd, the AIM listed company focussed on the agricultural sector in central and southern Africa, is pleased to announce that its wholly owned subsidiary, Agriterra Guinée SA ('AGSA') has signed a Concession Agreement with Port Autonome de Conakry (the Autonomous Port of Conakry, 'PAC') for the construction and operation of a 30 hectare industrial and commercial terminal in the East Zone of the Port of Conakry in Guinea ('the Port'). The 20 year Concession Agreement ('the Concession Agreement'), which may be renewed by agreement between the parties after its initial term, is part of the Company's strategy of expanding its operational activities within the agricultural and logistics business in Africa...

[tenapen] 28/2/2013 19:50

A lot of positives in todays interims. It will take some time, but agta is a solid hold for me and one im happy with.

If anyone as kept an eye on the Sth OMO drilling ?. As the drilling started and if so Have Tullow etc issued and results or comment ?.

Thanks.

[ged5] 28/2/2013 16:10

I posted this earlier on the other thread.

There seems to be a lack of interest in AGTA. So far about 600K shares have been traded albeit mostly buys. There were many positives in this set of results.

What have AGTA got for a £35.5M Market Cap?

CASH: At year end 3.2M. Cash from sale $28M. Probable $10M from Sudan. Possible $10M + Tax rebate from Ethiopia

Total $51M or £33.59M

BEEF:
From the Vanduzi Feedlot present earnings of $3.3M with the potential of $13.8M
The total beef revenue could rise to $18.4M if the abattoir at Chimoio is fully utilised.

Most of the cattle are coming from Mavonde at the moment but Dombe is 5 times bigger and yet to be fully developed.

A trebling of retail units during this year.

COCOA: poor harvest and soft prices but large expansion here with near term cash flow from growing vegetables. Even so revenues improved to $1.7M.
Initial revenues should be $1.25m rising to $3.02M. Cocoa futures are rising for this year.



MAIZE: Record volumes at $1.575M per month equates to $18.9M per annum.

BANANAS: 7 tonnes per week at $933 equates to $339K with plans for expansion.



Nuts and Palm oil: longer term.

All of the above seems like a good investment to me but I think everybody's missed the new crop, otherwise the shareprice would have reached the stratosphere!!

"we are actively evaluating the potential of producing vegetable cash crops at our plantation in Sierra Leone."

Please check all figures.

[oiht] 28/2/2013 15:36

NAV and cash worth twice the share price by my rough calculation. No brainer.

[ged5] 28/2/2013 12:30

There seems to be a lack of interest in AGTA. So far about 600K shares have been traded albeit mostly buys. There were many positives in this set of results.

What have AGTA got for a £35.5M Market Cap?

CASH: At year end 3.2M. Cash from sale $28M. Probable $10M from Sudan. Possible $10M + Tax rebate from Ethiopia

Total $51M or £33.59M

BEEF:
From the Vanduzi Feedlot present earnings of $3.3M with the potential of $13.8M
The total beef revenue could rise to $18.4M if the abattoir at Chimoio is fully utilised.

Most of the cattle are coming from Mavonde at the moment but Dombe is 5 times bigger and yet to be fully developed.

A trebling of retail units during this year.

COCOA: poor harvest and soft prices but large expansion here with near term cash flow from growing vegetables. Even so revenues improved to $1.7M.
Initial revenues should be $1.25m rising to $3.02M. Cocoa futures are rising for this year.



MAIZE: Record volumes at $1.575M per month equates to $18.9M per annum.

BANANAS: 7 tonnes per week at $933 equates to $339K with plans for expansion.



Nuts and Palm oil: longer term.

All of the above seems like a good investment to me but I think everybody's missed the new crop, otherwise the shareprice would have reached the stratosphere!!

"we are actively evaluating the potential of producing vegetable cash crops at our plantation in Sierra Leone."

Please check all figures.

[flashheart] 28/2/2013 08:14

It is, but arguably in the area of fastest potential growth also.

[m1das_touch] 28/2/2013 08:08

Can't agree more - I have these in my SIPP and am expecting this holding to multi-bag over 5-10 years. I also have a small trading position, so would love to see AGTA re-rate short term, so I can take some profits. I don't think current share-price properly discounts the recent positive newsflow. Difficult to value the stock though as it's clearly high risk based on its area of operations.

[flashheart] 28/2/2013 08:01

Very true old tyke. I have 100k of these but would like to double up before Mr Market does.

[old tyke] 28/2/2013 07:58

Perhaps the problem is there are too many spivs on the register!

The results could not make it clearer that this business is being managed for LONG-term growth. Mr Market will wake up in his own good time.....

[sitiain] 28/2/2013 05:07

GOD ..... im bored with this stock.

[eipgam] 18/2/2013 13:42

Thanks Ten... very interesting with some good links to other articles.

[tenapen] 16/2/2013 14:54

In Todays FT,

Agta and Zam get a mention in the colume on the left-hand-side of the screen.



Africa Calling. Rewarding patient Investors.

Cont...

[cyfran101] 15/2/2013 14:49

True they do have assets in sierra Leone but it could pay to diversify that asset between two countries to reduce political risk whilst there is the opportunity.

[jasko] 15/2/2013 12:13

I thought that agta have already begun clearing and planting palm oil via Red Bunch 45000 hectares of it!Raw palm oil is $800/tonne& ave yields are 3.7tonnes/hectare 800 x 3.7 x 45000 = $133m when it's in full swing