Landkom Share Discussion Threads

[fritz1930] 27/10/2011 15:02

Did you enclose a postage paid reply envelop with your letter?

[darcon] 27/10/2011 15:00

Probably too busy carrying the crop home to be able to reply.

[loganair] 27/10/2011 13:07

Never received a reply from LKI Investors Relations asking why Continental Farmers yield was at least 50% higher and with hardly any crops lost due to weather compared to LKI, especially considering both have most land in the NW of Ukraine.

[giant steps] 26/10/2011 17:38

This is certainly turning into a dog of an investment, not happy

Reminder LKI closing prices bid 3p offer 3.25p

[felix99] 25/10/2011 08:23

maybe they should employ and immigrate into Ukraine a few hard working Anglo Saxon benefit claimants to do the job .

Can;t be hard to sell Ukraine if the Aussies can encourage UK citizens to emmigrate there lol

[darcon] 24/10/2011 22:04

Surely time for more harvest news. Last year they reported on 8 October

[envirovision] 14/10/2011 14:19

Yea I was thinking theft myself. No other way to explain it really. Clearly if the board are so far removed from the day to day realities of farming they wouldn't notice a few ton per hectare being stolen.

The question I suppose that would then raise would be is how systemic would it be and does it go right to the top.

[darcon] 14/10/2011 14:01

Pure speculation but perhaps there are still problems with local employee habits acquired in old communist days:

- purchased fertiliser is not spread where it is supposed to. Result: crop growth is weaker and smaller plants are more susceptible to hail or other weather damage

- theft of harvest. Crops look good on field (hence positive RNS and decisions made on forward sales), but parts of harvest go missing before they are weighed. The lower harvest is then mistakenly ascribed to crop damage from weather related events

Some CEE operations address the problem by bringing in employees from outside the locality. Migrant employees can be more motivated and less likely to steal. A bit like the Poles in UK. Perhaps what LKI needs is to bring in some Central Asians.

[loganair] 14/10/2011 11:55

I wrote the LKI two weeks ago asking how Continental Farmers managed to have 50% higher yields and 80% less damage to their crops harvested on land in a similar area to LKI. As yet are still waiting a reply.

[envirovision] 14/10/2011 09:06

Did anyone manage to find out how the company managed to so spectacularly miss lead shareholders ?

[hightech] 14/10/2011 08:28

isn't it good for LKI?

[loganair] 12/10/2011 09:42

Should hold up the price of wheat and other grains: Russian government will introduce a grain export duty, if exports exceed 24 million metric tons in 2011, First Deputy Prime Minister Viktor Zubkov said.

[qvg] 08/10/2011 11:36

3800
i agree 100%. or find somebody to buy them (which will be at a firesale price)

[3800] 08/10/2011 11:06

The way I see landkoms immediate big problem is that it has insuffficient cash to plant next years crops, they will have to presuade the bank to extend their facilities or raise more money by way of placing more shares like last time, however they do have more of a credability problem than last time not being able to blame it all on previous management
3800

[loganair] 08/10/2011 09:16

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.

[hightech] 07/10/2011 20:36

It worth 20p minimum, but the market condition is unsettled, so everyone is looking at banks which fluctuate so much that around 5-10% profit is possible every day.

This needs a bit of good news to get the necessary volume to rise.

[darcon] 30/9/2011 08:36

I certainly hope so as my average is 6p +

[divinausa1] 29/9/2011 21:26

must be worth 6p +

[divinausa1] 29/9/2011 21:26

some chunky buying today

i would not be surprised to see bid news...

[loganair] 27/9/2011 09:50

I've sent an e-mail to investors relations at LKI, will post the reply if and when I receive one.

[loganair] 27/9/2011 09:41

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.

[kimboy2] 27/9/2011 09:40

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.

[schrodingers_cat] 27/9/2011 09:23

anyone had a gander at the CFGP results ?

[divinausa1] 22/9/2011 12:01

only AIM stock that is up today... something cooking