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Share Name | Share Symbol | Market | Stock Type |
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Anglo African Agriculture Plc | AAAP | London | Ordinary Share |
Open Price | Low Price | High Price | Close Price | Previous Close |
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4.00 | 4.00 |
Top Posts |
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Posted at 25/3/2020 12:07 by pr100 So the reverse takeover of Camarco didn't go through due to lack of investor appetite in adverse market conditions - plus distrust of the pied piper. A restructured agreement whereby investors buy directly into Camarco instead of giving Lenigas more cash to waste is being investigated but the deadline is only 5 days away and the markets are obviously worse now. So it looks like yet another Lenigas busted flush.Meanwhile, perpetually loss-making AAAP hasn't raised any cash since October 30 when they reported only £5k left in the bank. What are they surviving on? Are they diverting some of the cash raised for the Camarco loan into their own account? Or are they just insolvent and saying nowt? Where's @dianecarberry - she used to try to save your skin but must have got bored with the rampers. Whatever nonsense AAAP spouts in the next week, don't swallow it. This outfit is dead in the water. |
Posted at 15/7/2019 09:11 by verulamium According to Twitter, it'sMike Joseph @benchpressmike Star of The Bench Press King Sky Programme, 10x British, Euro & World Champion, holder of numerous World Records. Successful Entrepreneur & investor So at least if there's any sign of current AAAP investors losing out from the deal, we've got muscle on our side! |
Posted at 15/7/2019 08:29 by 5oletrader Holdings RNS - Someone has taken 28.09% of the CompanyMichael Joseph? This guy?: Chairman of North Edge Capital Michael brought his wealth of private equity knowledge to NorthEdge in 2010 when he joined as Chairman. He has played a key role in the fundraising processes and plays a lead role in ongoing Investor Relations. After rising through the ranks at LDC, Michael was appointed Chief Executive in 1996 subsequently becoming Chairman in 2003. Michael then became Managing Director of structured finance for Lloyds Banking Group, retaining his LDC responsibilities before running the mezzanine finance unit at DE Shaw from 2007-2010. Who's North Edge Capital?: NorthEdge manages over £650m of private equity funds aimed at lower-mid market buy-out and development capital transactions. |
Posted at 02/9/2018 14:05 by start small !FOLLOWFEEDNine out of Ten penny shares are cheap for a reason. They drift for years, most punters end up selling, FOR A BIG FAT LOSS. When at last a deal is done the reaction can be swift, or slow. AAAP was transformed by an RTO last week. The reaction was a 65% rise on the day followed by a 25% fall the following day,( Fri ). Traders took profits and those trapped in the stock for the previous few years sold into the rise. It’s times like this when a punter or longer term investor, can pick up shares very cheaply, as those that want out, TAKE ABSOLUTE NO NOTICE OF THURSDAYS RNS . A quick glance at this company’s valuation shows the potential of large short and long term gains. BULLET POINTS. Shares in issue 260M Market Cap £1.5M Large Director holdings. In profit RTO last week taking onboard a massive asset rich business. |
Posted at 30/8/2018 08:36 by someuwin 30 August 2018 For Immediate ReleaseAnglo 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." |
Posted at 03/4/2017 20:31 by fillipe fillipe3 Apr '17 - 16:04 - 565641 of 565642 0 0 Edit AAAP - the embryonic new Lonrho in Africa is how 11.88% holder, Mr Lenigras feels about the possible future of this Full List company, per the recent 2017 UK Investor Show. Taking some now may prove a highly rewarding experience over the medium/long term, is how I see it .... currently on offer at slightly sub-1.10p and mcap just over £2m. The Full List must be the key...! f |
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