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AAAP Anglo African Agriculture Plc

4.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Anglo African Agriculture Plc LSE:AAAP London Ordinary Share GB00BKBS0353 ORD 2P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 4.00 3.50 4.50 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Anglo African Agriculture Share Discussion Threads

Showing 76 to 99 of 250 messages
Chat Pages: 10  9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
30/8/2018
11:04
David Lenigas


@DavidLenigas
14m14 minutes ago
More
The market cap of AAAP:LN at a crazy low +£2m for an LSE company is just weird. Time to get some real value in to this company.

tomboyb
30/8/2018
11:01
Someuwin -

I held a few here -

And have no idea where it is going -

tomboyb
30/8/2018
09:58
David Lenigas‏ @DavidLenigas · 4 hours ago

For the many people thinking the board of Anglo African Agriculture (AAAP:LN) have been twiddling their thumbs. We haven’t. This deal has taken a very long time to put together. It’s a major East African Infrastructure asset. Transformational deal! #AAAP …

someuwin
30/8/2018
09:52
David Lenigas


@DavidLenigas
1h1 hour ago
More
I was wondering how long it would take for people to wake up to this amazing asset deal that was announced by AAAP:LN this morning.

No half measures then -

tomboyb
30/8/2018
09:49
someuwin
30 Aug '18 - 10:36 - 47 of 48
Looks impressive...

hxxp://comarcogroup.com/

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Well found, someuwin.

Yes, indeed this really does look a top-notch outfit.
A vvg website.

Thanks for posting the link.

f

fillipe
30/8/2018
09:48
to directors everywhere

Well ramped Sir!

I'll come back next week and see if it's back to >.6

johnweaver
30/8/2018
09:48
Herb you need shares to do that... Muppet
letmepass
30/8/2018
09:40
Why can't I sell?
herb clark
30/8/2018
09:39
AAAP - over full ask of 1p being paid, but this is still a very cheap Listed stock.

f

fillipe
30/8/2018
09:36
Looks impressive...
someuwin
30/8/2018
09:20
I've gotta add that small caps over the past week are rocking -

so clearly interest also is in tiddlers -

tomboyb
30/8/2018
09:17
All about the vol and interest -

Clearly Lenigas thinks so ( as with others) -

tomboyb
30/8/2018
08:54
This is just the start of the new AAAP.

f

fillipe
30/8/2018
08:52
Seems to be going down now!
herb clark
30/8/2018
08:49
This looks like a genuinely exciting development.
someuwin
30/8/2018
08:23
My buy of 135523 not showing up.
herb clark
30/8/2018
08:22
Spoke to Rob about that this morning and they will trying to limit dilution as much as possible
a_2_b
30/8/2018
08:15
Buyers at full -

Lets see how much interest there is here with the equity / finance raise -

tomboyb
30/8/2018
08:14
Good to see the serious beginnings of our business expansion.

f

fillipe
30/8/2018
07:36
30 August 2018 For Immediate Release

Anglo African Agriculture plc

("AAA" or the "Company")

Company enters into Memorandum of Understanding for financing strategic Kenyan
logistics port.

The Board of AAA is pleased to announce the signing of a Memorandum of
Understanding whereby it is proposed that AAA will provide a 24 month loan to
help fund the growth of the privately owned port and marine logistics group,
Comarco Group ("Comarco"), based in Mombasa, Kenya (
This is intended to be the first step of an exciting diversification for AAA,
which the Directors believe will allow the Company to significantly grow its
business.

Comarco presents a high-quality growth proposition and access to a key market
player in the port and marine logistics industry of Eastern Africa, at a time
when oil servicing and port logistics facilities are key to the expansion and
development of large hydrocarbon deposits discovered off the East African
coast.

The Comarco port facility is one of the very few privately owned and operated
logistic ports on the East African coast. The port totals 16.2 acres including
over 40,000 m² of storage space, office space and facilities, crawler cranes
and a 24-hour operations centre. The port is a designated Export Processing
Zone (EPZ) allowing Comarco to benefit from a variety of tax, VAT and customs
import duty incentives.

In return for exclusivity in assisting with Comarco restructuring its historic
debt set out below, AAA has agreed to make available a 24 month loan of up to
US$1,000,000 to Comarco at a rate of 12% per annum increasing to 15% after 9
months

The specific use of funds will be mutually agreed between AAA and Comarco but
will include the repayment of debt and the provision of funds for general
working capital purposes, which will enable the port facility to grow and
expand faster than would otherwise be the case.

The loan will be secured by a guarantee from Comarco group companies. Should
the loan not be repaid, AAA will also have the right, for no further
consideration, to exercise an option to acquire 100% of a wholly owned Comarco
subsidiary called Touchwood Investments Ltd ("Touchwood").

Touchwood's major asset is a 4.75-acre strip of land at the Comarco port in
Mombasa, Kenya, which a recognised global real estate consultant has recently
valued at US$12 million. Amongst Comarco's existing client base of Marubeni,
Halliburton and ENI, amongst others, Touchwood has recently signed an agreement
with a large international trading and transportation group focused on
liquefied petroleum gas ("LPG"), whereby an LPG import and distribution
facility will be constructed on the Touchwood property.

Once AAA makes the loan, Comarco will commence a restructuring and
consolidation of the Comarco group companies and operations. AAA will provide
assistance with this and examine further ways to work or invest together with
Comarco.

The Board of AAA has already had early stage discussions with potential
investors to raise finance to enable the Company to provide the loan to Comarco
and has been very encouraged by the response and appetite. When the final
conditions precedent to the provision of the loan to Comarco are completed and
the Loan Agreement has been signed, the Board will decide what financing
options of debt, equity or a combination of the two is in the best interests of
current shareholders.

Including the Touchwood property, Comarco has a total 16 acres at its privately
held Mombasa port facility, where it carries out its current port and marine
logistics business (which the new LPG facility only adds to). Comarco's port is
a gateway to East and Southern Africa, assisting with a diverse range of
commodities ranging from, amongst others, iron ore to agricultural products,
and is well placed to take advantage of the upswing in the region, particularly
regarding oil and gas logistics.

All the proposed transactions relating to Comarco and referred to in this
release are subject to the completion of due diligence, the completion of legal
documentation and the production of such valuations and opinions as the Company
shall consider appropriate, in each case satisfactory to the Company in its
sole discretion and subject to Board approval.

The Company has recently also announced in its interim results that both its
wholly owned subsidiary, Dynamic Intertrade (Pty) Ltd, as well as its 46.8%
owned subsidiary, Dynamic Intertrade Agri (Pty) Ltd, have seen improvements in
their trading. The Board is pleased to report that this improvement has
continued since the half year ended 30 April 2018.

David Lenigas, Chairman, commented;

"It has taken time to find an opportunity that opens up possibilities for AAA
to really grow and bring rewards to shareholders. The board felt it was
important to seek an opportunity where AAA could add real value and create an
investment opportunity of size and substance. I genuinely believe this loan,
and the work to be done afterwards with Comarco, will bring exciting future
opportunities and returns to the Company. Ports are long term growth assets and
this port is of considerable strategic importance to East Africa as well as the
major oil and gas companies as they develop their substantial new off-shore
discoveries from Kenya all the way down to Mozambique."

someuwin
31/7/2018
13:01
Dave is just everywhere where the share price goes up. Look at the top fiver risers and Dave is there.
charlesjames1
31/7/2018
12:54
Shame, I actually had time for your views, but after naming me with those people , seem like you haven't got a clue. Carry on
amrishbhim
31/7/2018
11:07
"everywhere"

I rarely deramp unless there is a good reason and on the spikes I rarely read the Rns I just check out the thread and usually the same bunch of cowboys have took over the thread for the day.

You have to ask why you say a stock is worth way more then sell it a few hours later.

TBH I do not know why the likes of you alia letmepass etc etc bother to post, anybody with half a brain cell knows your game now. Anybody that does listen will certainly get wiped out quick chasing spikes that never sustain

dave4545
31/7/2018
10:48
Why do deramp and ramp shares Dave, I see you everywhere,
amrishbhim
Chat Pages: 10  9  8  7  6  5  4  3  2  1

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