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LKI Landkom

2.875
0.00 (0.00%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Landkom LKI London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 2.875 01:00:00
Open Price Low Price High Price Close Price Previous Close
2.875 2.875
more quote information »

Landkom LKI Dividends History

No dividends issued between 28 Apr 2014 and 28 Apr 2024

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Posted at 08/1/2013 11:31 by loganair
Landkom International plc. was acquired by Alpcot Agro 27 January 2012. This thread is for any Landkom share holders who took up the offer of Alpcot Agro shares instead of the cash alternative and will run until Alpcot Agro gains a full listing on the FTSE in London.

28 March 2013 Listing - The Board has decided that it will proceed to seek a listing on a larger stock exchange only when the Group is ready. The priority is to restructure and improve the performance of the business before any value can be delivered to shareholders through an upgraded listing.


www.agrokultura.com/


Interim Full Year Report 2012 - 22 March 2013
Annual Report 2012 - 24 April 2013
Halfyear Report 2013 - 30 August 2013


It is confirmed that anyone holding LKI shares will be receiving Alpcot Agro CDI's held on the London Stock Exchange (on the basis of 1 Alpcot Share for every 22.16 LKI shares).

What are Crest Depository Interests (CDIs)?

CDIs are UK securities representing an underlying interest in an overseas security. They are issued on a one-for-one basis. Because CDIs are UK securities, you can receive dividends in sterling and can buy or sell CDIs easily in the UK.

You should note however that if underlying investments are quoted in other currencies, exchange rate movements may affect the value of your investment in pounds sterling.
Posted at 30/3/2012 08:59 by jhan66
(no dividend)
Posted at 27/3/2012 10:42 by loganair
Alpcot Agro Yields from the Ukraine in 2011:

Rape - 2.7t/ha
Winter wheat - 4.5t/ha

imo - it was the Rape yields and the forward selling of 30,000 tons of Rape which couldn't be fullfilled so LKI had to buy in on the spot market to fullfil these contracts that finaly did for them.
Posted at 27/3/2012 10:32 by kimboy2
Interesting results from CFGP today.

CFGP yields in Ukraine in 2011
Rape - 2.8t/ha
Winter wheat - 6.8t/ha

LKI yields in Ukraine in 2011
Rape - 1.75t/ha
Winter wheat - 3.3t/ha

I will leave you to draw your own conclusions.
Posted at 05/2/2012 11:06 by loganair
It is confirmed that anyone holding LKI shares will be receiving Alpcot Agro CDI's held on the London Stock Exchange (on the basis of 1 Alpcot Share for every 22.16 LKI shares). They expect this to be effective from some time next week.


What are Crest Depository Interests (CDIs)?

CDIs are UK securities representing an underlying interest in an overseas security. They are issued on a one-for-one basis. Because CDIs are UK securities, you can receive dividends in sterling and can buy or sell CDIs easily in the UK.

You should note however that if underlying investments are quoted in other currencies, exchange rate movements may affect the value of your investment in pounds sterling.
Posted at 17/1/2012 07:49 by loganair
Alpcot 2011 Ukraine Harvest Results:

Ukraine
Crop Harvested area ha...Harvest ton..Yield ton/ha
Corn...........3,300......30,900..........9.4 (LKI 6.3) = 49% higher
Winter Wheat...5,500......24,900..........4.5 (LKI 3.5) = 28% higher
Soya...........2,500.......4,200..........1.7 (LKI 1.2) = 41% higher
Winter Rape......900.......2,400..........2.7 (LKI 1.9) = 42% higher
Buckwheat......1,500.......1,800..........1.2
Total Ukraine.13,700......64,200..........4.7

As can been seen from the above Alpcot had a significantly higher yield then LKI for the same crop. LKI did not plant any Buckwheat so there is no equivalent.

If LKI had come any where near the harvest yields of Alpcot, especially for the Rape Seed then they wouldn't have run out of cash with their share price being more like in the region of 10p to 12p.

LKI forward sold 30,000 tons of Rape but only harvested 26,225 tons and therfore had to buy in a significant about of Rape to cover the forward sales agreements. With a similar yield to Alpcot, LKI would have harvested in the region of 37,300 tons.
Posted at 09/1/2012 13:07 by loganair
Alpcot current share price 7.95SEK, up 27% since announcing take-over of LKI.

ALPA @ 7.625SEK = LKI @ 3.22p
Posted at 08/10/2011 09:16 by loganair
HT - According to my Russian broker, due to such poor harvest results Fair Value for LKI is around 6p to 7p per share at most. If 2012 LKI have a good harvest, the harvest they had predicted for this year then 10p to 12p would be Fair Value for 2012.

Where do you come up with worth 20p minimum from? If LKI had similar yields to CFGP, then their Fair Value would be around 15p per share and only with expectation with better to come in 2012 may then push the share price up to your minimum.

Next year LKI will need to increase their yields by about 50% with no more than 5% loss for this 15p Fair Valuation.
Posted at 27/9/2011 09:41 by loganair
CFGP:

Winter and spring oil seed rape average net yield 2.9 tonnes per hectare in both Poland and Ukraine. (LKI average was a disappointing 1.75T/h).

Winter wheat average net yield 6.1 tonnes per hectare in Ukraine and 7.2 in Poland. (LKI was only 3.5T/h).

Spring wheat average net yield 5.0 tonnes per hectare in Ukraine and 6.0 in Poland. (LKI was only 2.9T/h).

"The Board is confident that the Group is well placed to meet its 2011 targets and trading is in line with expectations."

"At the time of writing this, we are pleased to report strong yields in our oil seed rape and wheat. These were achieved despite the widely reported challenging weather conditions in Poland and Ukraine."

So - what went wrong with LKI harvest yield? Why so poor compared with CFGP? LKI much-much more room for improvement.
Posted at 27/9/2011 09:40 by kimboy2
Well the most obvious difference is yields.

Rape
CFGP - 2.9t/ha
LKI - 1.75t/ha

Wheat
CFGP - 5.75t/ha
LKI - 3.3t/ha

On LKI's acreage that amounts to lost revenue of $10.1m on the rape and $8.6m on the wheat.

Given that LKI's mkt cap is about $24m it shows the potential. Can't help but think one of these other operators are going to buy it out.

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