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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Landkom | LSE:LKI | London | Ordinary Share | IM00B28QLQ61 | ORD 0.1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
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|---|---|---|---|---|---|
| 0.00 | 0.00% | 2.875 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 2.875 | GBX |
Landkom (LKI) Share Charts1 Year Landkom Chart |
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1 Month Landkom Chart |
Intraday Landkom Chart |
| Date | Time | Title | Posts |
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| 11/1/2015 | 15:00 | Landkom now part of Alpcot Agro - Farming in Russia and Ukraine | 13 |
| 21/12/2012 | 17:43 | Landkom - food and fuel from the Ukraine | 2,207 |
| 03/8/2010 | 20:04 | Landkom Agronomy | 19 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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Posted at 10/4/2014 14:40 by loganair Full Year Interim Report 2013Financial highlights - Revenue for the period fell by 8 per cent to SEK 617 million (SEK 673 million) driven by a sharp decrease in commodity prices. - The loss before depreciation (EBITDA) was SEK 129 million (profit SEK 29 million) and net loss was SEK 262 million (net loss SEK 102 million). - On 31 December 2013, Group debt totalled SEK 167 million (SEK 162 million). Group cash at the same date was SEK 29 million (SEK 41 million), and unsold inventory amounted to SEK 93 million (SEK 143 million). - Russia cropping business positive EBITDA and cash generative - Cash situation remains constrained due to 2013 Ukrainian losses and delays in the execution of Kaliningrad sale - Loss per share was SEK 1.88 (SEK 0.73) Operational highlights - Weighted average yields up 34 per cent in Russia and 11 per cent in Ukraine - Development and implementation of a SEK 150 million cost saving programme focussed on direct cost inputs and payroll - Agreement signed for the divestiture of Group's Kaliningrad assets at around book value - Discussions ongoing related to the sale of Ukraine business in whole or in part despite political events - No major negative impact on operations relating to political events in Ukraine Stephen Pickup, Group Managing Director, commented "2013 has been a difficult year where, despite materially improved yields, financial results have been dominated by falls in commodity prices. However, the Group management team which came together in the fourth quarter 2013 is committed to improving performance through the cost savings and the divestment of poorly performing businesses. "At the same time commodity pricing has improved which leads us to look forward to 2014 with a positive outlook. The Group will focus on ensuring that the cost cutting programme is successfully implemented, whilst exerting strict controls and procedures, and building upon the operating successes. At the same time we will continue to investigate ways of delivering maximum value to shareholders, if appropriate through disposals." Upcoming Reporting Dates Annual Report 2013 24 April 2014 Annual General Meeting 15 May 2014 Half Year Report 28 August 2014 |
Posted at 22/1/2014 11:31 by loganair Turnaround on track - SEK 150 million cost cutting exercise on track with goal to deliver profitable operations.Interest shown in Ukraine business in excess of book value. Successful sale of Kaliningrad operation to deliver cash flow of approximately SEK 100 million. Strong improvements in yield offset by reductions in price of commodities sold Much improved liquidity position. The Company's share has lately been trading at a discount of over 60% to the Company's net asset value per share as at 30 June 2013 of SEK 8.20. The Board, in order to deliver on the expectations of the Company's shareholders, is committed on a strategy to proactively compare the value of the Company as a going concern versus the value an external buyer is willing to pay for the Company's shares, assets or a combination of the two. Cost cutting: In order to address the reduction in commodity pricing, the Company is implementing a cost cutting programme which identified over SEK 150 million (approximately USD 23 million) of savings when compared to the 2012 cost base, the results of which will be seen in 2014. Every part of the business was reviewed from a cost perspective. The largest areas of cuts are salary costs and Ukrainian direct input costs. Ukraine will use lower cost generic chemicals and lower quantities of complex fertilisers which together with recent drops in prices will materially reduce direct input costs without impacting yield performance. Headcount at all levels in the Company is being rationalised which is expected to reduce the annual total payroll cost by over 20 per cent or SEK 37 million. Senior management has been reduced by 30 per cent which should provide a more streamlined decision making process. Close monitoring will ensure cost targets are met. Ukraine: In October 2013, the Company announced that it had hired Dragon Capital to conduct a strategic review of its Ukrainian business. As part of that strategic review, the Company has received interest in its Ukrainian business in excess of book value. Although there is no guarantee that a binding offer will materialise or that the Board would approve a sale, this is indicative of the intrinsic value in the business. The concrete results of this process are expected to be announced during the spring of 2014. Russia: The Board will also carry out an external strategic review of its remaining Russian operations to establish if the current operational setup maximises shareholder value. Non-core divestments: In December 2013 the Company announced the disposal of its Kaliningrad cluster in Russia (approximately 14,000 ha) at close to book value which will generate approximately SEK 100 million (approximately USD 15 million) of cashflow over the coming months. The Company sees the divestment of non-core or non-performing assets as a key element to deliver value to shareholders. Good progress has been made in Ukraine by disposing of approximately 25,000 ha over the past 18 months, although the land bank still exceeds the planted land by 18,000 ha. The Company is now left with one large cluster in western Ukraine together with its cash generative Russia "Central Black Soil" operation. Operational update: As previously announced, operationally the 2013 harvest was very successful with material yield improvements across both Ukraine and Russia. Russia was of particular note with an average increase in yield of 31 per cent which builds on strong yield improvements in the previous harvest. While operating costs were marginally above management expectations, the global drop in agricultural commodity prices has decreased revenue per tonne materially which will cause another year of material losses at the Group level, driven mostly by the Ukrainian operations. Liquidity: Revenues from the harvest together with the revenues from the sale of Kaliningrad will ensure the Company has a much improved working capital situation going forward including making limited capital investments and keeping a vital cash buffer to enable cost savings to be extracted. Stephen Pickup, Group Managing Director commented "All current initiatives are being put in place to deliver value to shareholders. We have an initial target to deliver book value which we believe is possible with all the projects which are being worked on. On a Company level we are cutting costs to ensure that for the first time in the Company's history we have a viable profitable business, on a local level we are investigating if the best return can be delivered to shareholders through the outright sale of certain assets. Should further assets be sold, proceeds would likely be returned to shareholders" |
Posted at 11/9/2013 10:02 by loganair Half year report 2013:Agrokultura, the Russian and Ukrainian producer of agricultural commodities, announces its results for the six months ending 30 June 2013. Numbers in Brackets relate to the six month period ending 30 June 2012. Financial highlights Total revenue for the period ended 30 June 2013 amounted to KSEK 192,882 (176,387). The Group reported a loss before depreciation and amortization for the period of KSEK -20,839 (profit 113,442). Net loss was KSEK -76,905 (net profit 33,322). Net asset value per share at 30 June 2013 was SEK 8.20 per share (SEK 10.14) and loss per share amounted to SEK -0.55 (profit SEK 0.25). On June 30 2013, Group debt, incorporating lease financing and interest bearing bank borrowings, totalled KSEK 249,962 (201,727). Group cash at the same date was KSEK 11,211 (30,472). Operational highlights The planted area for harvest in 2013 is on a steady level with 134,400 hectares (133,400) including 5,500 hectares of fodder crops for the Group's livestock operations. Harvesting of winter crops materially completed, incorporating approximately 46 per cent of total expected harvest for the year or 59,300 hectares. Winter crop yields up compared to last year, with in particular improvements in the winter rape in Ukraine of over 30 per cent and winter wheat in central Russia of almost 50 per cent. Agreements have been made for land disposals in Ukraine of 24,800 hectares. Excluding the land area for disposal, the Group retained a total land bank of approximately 226,800 hectares (281,300) at the end of the period, whereof 158,100 hectares in Russia and 68,700 hectares in Ukraine. In June 2013 the Company changed name from Alpcot Agro to Agrokultura. Ulf Scholander, Managing Director, commented "While we are seeing continuous improvements in our operations and in yields, the company's financial results are far from satisfactory. Further work is needed to adjust our cost base in relation to the recent drop in prices of agricultural commodities. |
Posted at 29/1/2013 09:44 by loganair Q4 Russia livestock update for Q4 2012 - milk production up 31%At 31 December 2012, the livestock herd of 6,427 animals consisted of 3,250 dairy cows, 2,719 heifers and 458 bulls and calves. The herd was 7,588 animals at 31 December 2011, consisting of 2,990 dairy cows, 3,365 heifers and 1,233 bulls and calves. The average milk production on the dairy farms was up 31% year-on-year to 42.1 tonnes per day (Q4 2011: 31.9 tonnes), mostly as a consequence of the improvements in the genetic makeup of the herd as well as its general quality and health. The average production per cow grew by 15% from 464 litres per month during Q4 2011 to 536 litres per month during Q4 2012. During Q4 2012, sales of livestock related produce were up 66% year-on-year to SEK 15.9 million excluding VAT (approximately USD 2.4 million), (Q4 2011: SEK 9.6 million, USD 1.5 million). Sales were also up 9% compared to Q3 2012. The prices on the Group´s milk products were up 15% higher at the end of 2012 compared to last year due to the higher fat and protein content in the milk which commands a higher price. Stephen Pickup Group CFO commented: "The reduction in herd size together with the improvement in productivity is clear indication of the improvement in performance of the dairy operation which benefitted from investment in 2011. Our focus remains on continuing to build on fertility rates and managing feed input costs in the current grain price environment." |
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 13/9/2012 11:42 by loganair Half Year Report 2012Alpcot Agro, the Russian and Ukrainian producer of agricultural commodities, announces its results for the six months ending 30 June 2012. Highlights - (Figures in brackets relate to the six month period ending 30 June 2011.) Total revenue and gains for the period ended 30 June 2012 amounted to KSEK 256,764 (104,862) of which KSEK 80,377 (34,645) was a gain from changes in fair value of biological assets. The Group reported a positive operating result before depreciation and amortization for the period of KSEK 15,333 (35,516). Net profit was KSEK 33,322 (net loss 28,704). A negative goodwill gain of KSEK 98,109 has been recognized in relation to the Landkom acquisition to reflect that the estimated fair value of acquired net assets exceeded the consideration. (Alpcot Agro purchased Landkom for SEK 150,253 while Landkom had net assets at fair value of SEK 248,435 - as we thought the management of Landkom sold out to Alpcot for too lower price.) Net asset value per share at 30 June 2012 was SEK 10.14 per share (SEK 12.55) and profit per share amounted to SEK 0.25 (loss SEK 0.43). On June 30 2012, Group debt, incorporating lease financing and interest bearing bank borrowings, totaled KSEK 201,727 (174,564). Group cash at the same period was KSEK 30,472 (191,753). Expansion of planted area by 37 per cent compared to 2011 at 133,400 hectares ("ha") including 6,000 ha of fodder crops for the Group's livestock operations. Harvesting of winter crops materially completed, incorporating approximately 56 per cent of total expected harvest ha for the year or 74,400 ha. The yields to date in Ukraine are comparable to 2011. Material improvements have been made on the lands which were planted by Alpcot Agro in the fall, but the average results are brought down by the fields that were planted in the fall by Landkom. The yields in Russia continue to show an upward trend. Expected improvements over the coming year are likely to be as a result of improvements in the land bank. This is of particular significance in Ukraine, where prior to the acquisition, much of the Landkom land was planted in inefficient locations which leads to poor utilisation of machinery, increased indirect farming costs and poorer management control. This is especially evident in the results of the 2012 rapeseed harvest of which a majority was planted by Landkom. Legacy Alpcot Agro Ukraine rapeseed yields were 26 per cent higher than former Landkom land despite the land being of a similar quality and the cost structure being comparable. The Group would seek to equalise these yields in coming years improving Group profitability. Crop sales campaign realizing near historically high prices. Russian dairy operations continue to benefit from the Group's 2011 investment with milk production up 21.3 per cent year on year. At the period end the Group retained a land bank of approximately 179,500 ha in Russia and 101,800 hectares in Ukraine giving total land under control of 281,300 ha. The Group issued a total of 39.8 million new shares in January consisting of an issue in kind of 20.0 million shares as consideration for the payment of the acquisition of Landkom and a directed share issue of 19.8 million shares at a share price of 7 SEK which provided the Group with proceeds of KSEK 138,400 before issue costs. Jens Peter Aabyen, Managing Director, commented "We have maintained our strong momentum during the first six months of the financial year, in terms of substantially diversifying our geographic risk, improving operational efficiencies as well as notably increasing the amount of land planted. We now have more land being farmed than ever before, with more efficiency and more knowledge. We look forward to cultivating the Landkom land to deliver the same strong results as Alpcot Agro land. "Our crop yields and sales agreements to date are encouraging and current commodity prices give us confidence for the year. Selected land disposals are being made across Ukraine and Russia to deliver a resultant land bank which permits the most efficient and consolidated operating units" |
Posted at 06/8/2012 10:15 by loganair Russian agricultural producers have started talks with the country's largest food retail chains over raising the prices of some goods by up to 20 percent, Vedomosti business daily reported on Monday.Bread suppliers are seeking a price increase of 10 percent on average, while bakery producers want price hikes of around 15-18 percent. Food suppliers claim their costs have risen due to increasing electricity and utility charges from July 1, and soaring grain prices driven by expectation of a poor harvest in the wake of the drought currently affecting some areas of Russia. "A ton of high-grade wheat flour cost 11,000-11,500 rubles ($343.75-$359.38) wholesale in June whereas now bread producers are already purchasing flour at 13,000-14,000 rubles ($406.25-$437.50)," said Vladimir Petrichenko, head of ProZerno analytical company. "If we continue to sell bakery products at the old prices, our enterprise will fall short of funds to pay both wages and taxes and purchase raw materials, which will cause the enterprise to grind to a halt," a bread producer from the central Bryansk Region wrote in a letter cited by Vedomosti. Russia's Agriculture Ministry estimates the drought has already destroyed 6 percent of the country's sown area. The worst affected are the Southern Federal District, the Urals, Siberia and the Volga area. Russia may lose a total of 14 million tons this year due to the drought, Agriculture Minister Nikolai Fyodorov has said. |
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 Winter Wheat...5,500......2 Soya...........2,500 Winter Rape......900....... Buckwheat......1,500 Total Ukraine.13,700...... 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 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 10/7/2011 09:46 by loganair I don't understand chartists in many stocks?A good harvest for Landkom share price 10p, a poor harvest share price falls back to 4p as simple as that. 2012, a good harvest for Landkom share price 12p to 15p, a poor harvest share price falls back to sub 6p. |
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