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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Agriterra Ld | AGTA | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.85 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.85 | 0.85 |
| Industry Sector |
|---|
| GENERAL FINANCIAL |
| Top Posts |
|---|
Posted at 31/10/2014 17:13 by baa 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 upIn 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. |
Posted at 27/8/2014 10:55 by oiht That is good news baa, that knocked a big chunk off the share price a fewmonths ago IIRC. Not that I'm expecting the share price to immediately react in the opposite direction now, it doesn't work that way! Still holding for the long term because I like the vision but I'm starting to understand better now why investors are so reluctant to invest in Africa. |
Posted at 19/6/2014 13:00 by m1das_touch 8 million buy just gone through, nice to finally see some upward movement in the share-price.Bought back in here recently as AGTA now seems way undervalued based on it's NAV. Clearly still unloved and yet to prove they can turn a profit, but I wonder if perhaps the re-rating of OBT recently is re-igniting investor interest here? |
Posted at 02/5/2014 08:04 by the count of monte_cristo No news on palm oil because they are focusing on the grain, beef and cocoa.Cash should be enough to see the investment phases through and for the business to start making a profit - long term hold for value investors this one, IMHO. |
Posted at 01/5/2014 15:29 by the count of monte_cristo Problem with the palm oil, unless they get a well capitalised partner, is the large upfront investment it would require. I think tje company have got the strategy about right, the beef divisiob in time is going to turn into a cash cow:) the mc peat notes are helpful for seeing the potential but its all about size and scale which clearly takes time and hard work. The pr could be much better and hopefully as we develop we will see some strategic investors come in like say an agri fund like sprotts. |
Posted at 06/4/2014 18:05 by thomcooper I got in a few months back on this. Way too early, but have been adding to the position. The analysis in my earlier posts still stands. China needs Moz to be stable to grow into good supply countries.I would expect to see them turn a profit within next 18 months however, otherwise the board wants sacking. Not balancing the books is not a sustainable business model, even if you're a tech co. :) Fields full of cows in Africa is far less appealing to the hype investor. |
Posted at 26/2/2014 11:06 by the count of monte_cristo Be good to see the directors increase there small holdings. I can see the company being sold in 2-3 years, once they show they can consistently turn a profit. Also during the coming year I would expect to see a strategic investor come in like you have seen with OBT and ZAM I believe. This is a long term investment for the very patient investor....of which there are few these days (above posters excluded of course). |
Posted at 26/2/2014 07:53 by flashheart They do and there will become a point in the not too distant future when investors start to think ...hey! we're very close to turning a profit here which will be substantially increasing year on year very handsomely. The re-rate will not be far off imo. |
Posted at 31/10/2013 17:06 by swooped Agriterra to present on Thursday 7th November 2013 From 6.00pm, Chesterfield Mayfair Hotel, 35 Charles Street, Mayfair, W1J 5EB.Dear xxxxxx, We are kicking off our November forums with a fantastic line-up on the 7th November. The Chesterfield Hotel will be a hub of investor excitement as Proactiveinvestors brings three gold exploration companies all working in different corners of the world and the fourth company joining us, remains on just the top few metres making its money from the land it has a portfolio of interests including cattle, maize, cocoa, fruit and palm oil operations in Africa. Shifting continents again, and moving away from the mining sector, we have Agriterra, a pan-African agricultural company focused on beef, cocoa and maize production. Mozbife is its vertically integrated cattle ranching and feed-lot production business that is developing into a "field to fork" producer, while Tropical Farms Limited is its cocoa company based in Sierra Leone. Full biographies below. Please join us at 5:45pm to get yourself a seat and to allow for a prompt 6:00pm start. Each company has approximately 30 minutes to give a short presentation and for Q&A. Followed by the 'Champagne Raffle' where 6 lucky guests will win a bottle each. The evening will end with a complimentary bar and an assortment of the finest hot & cold canapes, giving you the opportunity to speak with the directors and other investors. Agriterra Company logo Shifting continents again, and moving away from the mining sector, we have Agriterra (LON:AGTA) , a pan-African agricultural company focused on beef, cocoa and maize production. Mozbife is its vertically integrated cattle ranching and feed-lot production business that is developing into a "field to fork" producer, while Tropical Farms Limited is its cocoa company based in Sierra Leone. In Mozambique, Agriterra has two maize operations: DECA, based in Chimoio in the Manica province, and Compagri, which was established in May 2009 in Tete, 400km to the north of Chimoio, as a second agricultural buying and processing facility in Mozambique. Finally, the company is looking to expand its portfolio of agricultural products through the addition of palm oil, through the acquisition of Shawford Investments, which owns some 45,000 hectares of brownfield agricultural land in an area suitable for palm oil production in the Pujehun District in the Southern Province of Sierra Leone. |
Posted at 25/9/2013 08:28 by the count of monte_cristo Good Morning All - Please see the answers to our questions below. The reason they took so long to be answered was due to (as explained by Saint Brides Media) a combination of lots of different people, in different countries, holiday season and a newly appointed CFO. Enjoy the read over a coffee this morning.Agriterra Shareholder Q & A Dear Directors, Please find below, a list of questions created by a number of long term shareholders in AGTA, we would be very grateful if you could take a look at these questions, and where possible, provide answers to these questions. We appreciate that in some cases you may be restricted as to what you can say. Please note that the answers to these questions will be circulated on the ADVFN bb. 1) Are the directors considering using media, such as video interviews, to more regularly engage with both current shareholders and potential shareholders, plus to create more regular company presentations to keep investors appraised on developments? It would be nice to have a bit more visibility and communication from the directors. a. The board are very cognisant of the importance of engaging with shareholders, however with the main operational team being permanently based in Mozambique and Sierra Leone, it can prove difficult to achieve this. Several of the management from both Mozambique and Sierra Leone are planning a trip to the UK before the end of the year and we will definitely try to organise presentations and video interviews to maximise their exposure. 2) Is the company considering off take agreements for the cocoa with major international clients and can they forward sell the cocoa to generate revenue? a. This is definitely an area of interest for the Group and the Board are actively discussing various options in this regard. 3) Has the company considered working with the World Bank (IFC) or other African investors to expand its geographical reach? a. The management have been discussing the possibility of working with the World Bank (IFC) and African investors in order to expand the Company's operations and will announce any material developments in this regard if/when they happen. 4) Is the company strategy still on target to expand into other countries and potentially other food commodities? If so would Nigeria, Tanzania & Ethiopia be among the top destinations for the expansion strategy? a. The Company would be targeting countries with high local demand for agricultural products and favourable climatic, agricultural and political environments for the expansion of its operations. Tanzania, Ethiopia and Nigeria are all very interesting jurisdictions for Agriterra and would be considered for areas of expansion. 5) When can we expect the first beef exports to Saudi Arabia and the Middle East? a. The Company is targeting the export of beef to Saudi Arabia and the Middle East in H1 2014 further announcements regarding this will be made in due course 6) How many people are currently employed by AGTA? As a significant investor and job creator in the current countries we operate in shouldn't we be promoting this a bit more? Not only do we provide a valuable sustainable business but we also provide a critical logistical solution to remote farmers who may otherwise have no way to sell their products. a. The management in Mozambique and Sierra Leone both work hard to promote their operations in-country, and have built solid relationships with many key decision makers in both local and national governments. 7) Looking at the shareholders list there are no major Agri funds on board, why do you think this is and do you think we may see some funds start to take more of an interest and shareholding in AGTA? a. The Board speak to potential institutional investors regularly and believe that as Agriterra develops and moves towards profitability, this will attract more funds and institutions to invest in the Company. 8) If the share price is so undervalued, as has been reported by directors in recent Proactive interviews I believe, why aren't the directors/management using this as an opportunity to acquire shares in the open market? a. The Board are constrained by various regulatory protocol as to when they can buy shares in the Company. At the moment, as the final audited results are due in the coming weeks, the Company is deemed to be in a close period however I will highlight your point to the Board for future reference. 9) How is the pursuing of the payment of compensation equating to approximately US$17.8mrecompense for the work undertaken and investment made by the Group on the Block Ba oil project in South Sudan, progressing? a. The Board continue to actively pursue the compensation payment however they have not received an amended definitive date for issuance. Further announcements will be made in this regard when appropriate. 10) How is the development of the TFL infrastructure from Freetown to up-country Sierra Leone 15 acre collateral management facility in Freetown and 2,000m2 site in Kenema, progressing? a. The Kenema warehouse is now nearing completion and should be operational in November 2013. The Freetown facility is still in the early stages of development. 11) Looking at the management structure the directors have a diverse range of business interests, with the growth and development of AGTA how can the directors, specifically Phil Edmonds and Andrew Groves find the time to fully manager AGTA? Is this not a concern for shareholders in terms of focus on the business which must be a challenging full time occupation as it is, without taking into account the growth path ahead and any further expansion which may occur in other geographic areas? a. Phil Edmonds and Andrew Groves have appointed highly experienced management teams in both Mozambique and Sierra Leone to lead the day-to-day operations, in addition to being supported by board members such as Euan Kay and senior management including TFL MD Adrian Simpson, to ensure the different divisions are running smoothly and expanding in line with expectations. 12) Why do you think the share price is currently sitting at 2.2p (as at Fri 9th August)? What catalysts are there in the short, medium and long term which may move the share price? What as shareholders do we have to look forward to for the remainder of the year? a. There are numerous value catalysts to look forward to with Agriterra. In the short term, the retail business in Mozambique looks set to expand rapidly, which will drive increased revenues and higher margins for the Group. In the medium term, as the cocoa plantation begins production, this will significantly enhance revenues and margins and offer further expansion opportunities both in product range and geographic reach. Longer term, the beef division will reach the crucial critical mass required to slaughter animals at full capacity and thus generate much higher revenues for the Group. 13) In 2014 there will be elections in Moz, many commentators see further political instability between now and the elections, the recent instability resulted in RIO temporarily shutting down its mines in Moz and knocking share prices for all Moz focused companies (such as BHR and AGTA) do the directors have any views on the run up to the 2014 elections and the potential impact on the company? a. Whilst it is very difficult to judge these situations with any kind of accuracy at this point, the personal view of the management in Mozambique is that there will be little change or interruption to day to day activities. 14) Are the directors disappointed that the market thought so little of the sale of S Omo to Marathon? And what is the CoS of receiving a further consideration from them for this asset? a. The Board took the decision that as an agriculture company, it had a responsibility to dispose of its legacy oil assets in order to generate the maximum value for shareholders through the increased investment in its core operations. It could be seen that some investors believed that the big pay day for Agriterra would come when it resumed activities on its oil assets, however with the huge dilution that would come from participating in the exploration and development of these assets, the Board took the view that it would be prudent to crystallise the value of the assets now and focus on development of its revenue generating assets. All of the results from exploration at South Omo have been encouraging so the Board remains optimistic of receiving further consideration in due course. 15) What is happening with the Conakry port development? a. With the rapid expansion of its beef and cocoa operations, the Board have decided to concentrate on bringing these to fruition in the near term rather than diverting resources to the Conakry port. |
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