Agriterra Ld Share Discussion Threads

[ged5] 19/3/2013 12:30

You're most probably right Jimmy about the share price bottoming. I calculate cash to be nearer 60% of mkt cap. They've probably used the £2M announced in the results by now. With 18M revenue from maize I would think they should have made some profit.

The cattle business looks very promising and there will be increased revenue and possibly be profit from the cocoa and banana businesses. And don't forget the vegetable cash crops in sierra Leone (whatever they may be).

Maybe there'll be some further announcements after the AGM on Thursday.

[sitiain] 19/3/2013 11:37

seems the seller showing his hand here today.
maybe its the last bit of it, but wishfull thinking maybe.
only need one half decent fund to want a position and we should /could move a lot higher.
wish i had more money.

[jimmy12345] 19/3/2013 11:01

Hi fellow holders. Hoping we found our bottom. Really is a pathetically sad price at the moment. Alas we are now moving in the right direction. I have not done the figures but we cant be too far off having about 70% of the mcap value in cash, and everything else throwing in, that is complete nuts. I would have liked to see us keep just a small historic punt on south omo, perhaps to have retained 5% or something. For the amount of cash that would have cost us it would have been worth it, would have also giving us a little speculative punt here.I believe our maize operation is fully up and running and needs no more money spent on it, infact it will start to make profits this year.If we can do the same with the cattle buisness then we will be not far from overall group profit, that os what we need here, but thats hard while we are still buying land and building and planting ect. They however should never need to ask investors for any money again, there is enough to see us to profit, more than enough and anything after that to come out of profit in other parts of the buisness.Im excited about the next set of results.

[giant steps] 14/3/2013 11:57

AGTA reminder prices bid 2.95p offer 3.25p

Observe trade 423,602 @ 3.301785p, paying over

[oiht] 14/3/2013 11:45

If I didn't already have my fill of these I'd be adding again at these levels.

[old tyke] 14/3/2013 09:39

Could you add some more please? :-)

[nick rubens] 13/3/2013 12:42

I've been adding. Looks oversold and I'm sure buyers will take an interest at somepoint.

[tenapen] 13/3/2013 06:35

This Is Africa @FT_ThisIsAfrica

31 agribusiness investment funds, with target capitalsation ranging from US$ 8 million to US$ 2.7 billion, target Africa.

[tenapen] 10/3/2013 20:52

Thank you for the info, Peartreegardens,
I am just a Joe pidly investor so it may be out of my league. I will take a look next week as information is key.

Regards.

[peartreegardens] 10/3/2013 13:16

tenapenIG offers shoprite. You could take a (fully covered) SB via them as an alternative to owning the shares.

[cyfran101] 10/3/2013 10:26

Tenapen has given a good appraisal of ZAM. ZAM is somewhat in front of AGT.

With Equatorial palm oil, obtala resources and lonrho in the mix there are some interesting companies operating in african agriculture to research. All at different stages.

[tenapen] 10/3/2013 09:29

RE - Shoprite

My share account does not let me buy outside the UK but if i could ....



Is Africa's Greatest Grocer a Bargain Stock?

Cont...

[the count of monte_cristo] 10/3/2013 09:26

Thanks tenapen, will do some research on ZAM.

[tenapen] 10/3/2013 09:14

The Count,
ZAM as been listed on the Lusaka exchange for many years with a history of paying a dividend. They Came to AIM 20months ago to raise funds to buy a farm and increase production. They paid a dividend but canceled after the first payment to spend the profit on further expansion. They aim to start paying a divi soon.

The owners are Irish but the Board are are from many countries and look a good team.

The jewel in their crown for me it the deal with Shoprite, who have big expansion plans of their own.

The recient deal with Rainbow Chicken could also be a future goldmine.

I agree with Cyfran that Zimbabwe look ripe for future investment.

I could go on but AGTA are a good 10yrs behind ZAM and IMO seem to be investing well. I would have gambled on the STH OMO but them taking the money only goes to show that the company is focused and serious on building a Agriculture company.

I hope other could also give their of views ZAM good and bad.

[the count of monte_cristo] 10/3/2013 08:46

Thanks guys. How would you guys compare ZAM against AGTA? I have not really researched ZAM and would like to know peoples views.

[cyfran101] 09/3/2013 20:03

On a different tack, i'm very interested in an operation in South Africa.

Agriprotein (www.agriprotein.com) are producing fishmeal (Magmeal) not from the much maligned "Trash Fish" but from maggots using blood and carcasses from abbatoirs.

They are currently looking for investment to ramp up to economic levels and could be something lucrative in future.



Cocoa, palm oil, chickens and beef are all excellent prospects for AGT but maybe an investment here could really be a game changer?

[cyfran101] 09/3/2013 19:55

Well done for getting the response Count.

Interesting ideas on Ethiopia. I'm for gearing up their current operations to the same extent as ZAM and just as we are making money hand over fist we should be poised to enter Zimbabwe after Mugabe finally ends his rule. Closer to our Mozambique operations too.

However no idea on the legitimacy of any land transaction there as no doubt they would be buying from Mugabies cronies.

[tenapen] 09/3/2013 14:53

I hope AGTA gain exposure to Chickens. Cattle take 4yrs + ! to reach maturity, chicken are 12 weeks !. I would also like them to look at following ZAM and starting their own Fried Chicken Resturant chain.

Other than that i feel the company are doing a good job but not reflected in the share price for now.

[n3tleylucas] 09/3/2013 00:31

Ask them when they think they'll make a profit Count, next time you mail 'em.

I'm not getting any younger, and drinking too much ... chain smoker too ... bad diet

[the count of monte_cristo] 08/3/2013 22:51

Thanks guys.

Personally I would very much like to see AGTA enter Ethiopia, for the fact that Ethiopia has;

- The 2nd largest population in Africa (Nigeria is first) at around 91m people.

- Has the 3rd fastest growing economy on the planet 2011-15 (The Economist, IMF).

- Is Africas 2nd biggest Maize producer.

- Is the number 1 producer of coffee on the continent.

- Is also the 10th largest producer of livestock in the world

Hence why I would like to see AGTA get exposure, in some form, to Ethiopia,

[jasko] 07/3/2013 14:31

Yes thanks for the feedback Count. Much appreciated.

[tenapen] 06/3/2013 18:54

Thanks for the feedback.

[the count of monte_cristo] 06/3/2013 18:40

From email correspondence with the company;

- Presentation for March 2013 should be added to the website this month.

- The Board is focussing on expanding its revenue generating agricultural operations as opposed to longer term infrastructure projects, as outlined in the interim statement. This approach is designed to provide maximum value uplift for shareholders in the near and mid-term.

Regards, The Count.

[the count of monte_cristo] 05/3/2013 13:34

...this will be an excellent share....in 2015:)

[n3tleylucas] 05/3/2013 12:55

Yes that's all well and good, but sooner or later the money gets spent and you simply have to produce cash profits, the market is not daft, it's valuing at half NAV for a reason ... they simply have to give a proper plan as to how it will be spent, and when profits will come, a proper plan. Or else the market will never believe a profit will ever be made, and then it's back to the begging bowl.