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Share Name Share Symbol Market Type Share ISIN Share Description
Obtala LSE:OBT London Ordinary Share GG00B4WJSD17 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 6.90 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
6.80 7.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 8.41 -9.93 3.46 2.0 31
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 6.90 GBX

Obtala Resources (OBT) Latest News

Obtala Resources News

Date Time Source Headline
07/5/202006:00RNSNONWoodbois Limited Corporate Presentation
03/3/202007:00RNSNONWoodbois Limited Corporate Presentation
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Obtala Resources Investors    Obtala Resources Takeover Rumours

Obtala Resources (OBT) Discussions and Chat

Obtala Resources Forums and Chat

Date Time Title Posts
23/3/201912:12Obtala Resources 2015 onwards3,610
22/8/201808:57Buying and selling-
27/8/201619:41Obtala Resources - Agriculture, Forestry and Strategic Investments7,142
24/3/201514:20Obtala Resources Limited Ord 1P27
29/8/201420:32OBT - Truth Thread160

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Obtala Resources (OBT) Most Recent Trades

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Obtala Resources (OBT) Top Chat Posts

DateSubject
19/3/2019
18:53
multibagger: Cyclone Idai is reported to having been truly devastating with much loss of life and property sadly. Even if it did not hit the OBT businesses/lands directly per se, one can imagine that the indirect effects of hitting infrastructure, electricity, roads, ports, communication, banking, displacement of populations and risk of waterborne infections etc in Mozambique. It is likely that government resources will be re-directed to getting the country back on its feet and could affect the issue of permits/licences etc...which will be seen as less of a priority. My guess is that the effects and after effects of the cyclone will surely impact OBT for the next the next 12-18 months at least from a business / revenue point of view...holders be prepared as developing countries take a lot lot longer to recover from such major events, than we in the West would expect.
19/3/2019
09:51
beeks of arabia: I’m surprised they haven’t tried to monetise the cyclone by selling preference shares in it. :)
19/3/2019
09:47
michaelfenton: Anyone any idea if the huge cyclone in Mozambique has had any effect on OBT ops in the region?
04/9/2018
11:59
pj 1: Down 54% from the last Placing. The Co still allows false figures to be out in the Market with a forward p/e x2. It needs noting that at UKIS they inferred they could BEAT these figures LOL. They are absolutely no where near. Draw your own conclusion on that one! The chart continues to fall of a cliff. Another placing looks nailed on to me At the last Placing (at 12.5p in February)) ….''Miles Pelham, Chairman of Obtala, commented: "We are delighted with the support we have received for the Fundraising from both institutional and private shareholders.The Offer through PrimaryBid has enabled all shareholders to participate on the same terms. The funds raised will be allocated to business lines with a high ROI and will be rapidly accretive to our bottom-line. With last year's heavy-lifting of integration and rationalisation complete, management's energies will be fully focussed on delivering top and bottom line growth throughout 2018." Pelham has failed to date. Compounded by TW communicating Pelham doesn't understand the share price decline for a Company at break even. LOL 'Fool' springs to mind. IMO There is no way HSR can continue to tip this as a buy. Its one of their 10 long term losing shares in freefall.
03/9/2018
17:48
kaos3: obt has woodland has built infrastructure has developed processing capabilities and is all ready to go. but wait - it is making loses. so share price is low. buy out time ??? all done just press a GO button - after ......
26/7/2018
20:02
scotty1: This is what MP has to say . This is how Miles responds to that question: The 9 million share trade was a notional for notional swap from commons into Pref ($940,000) which is why the PDMR forms were submitted in one RNS. There’s no short-term trading or ulterior motive behind the transactions, I was facilitating a switch for a holder and am comfortable to be in the longer-term paper. Regarding sentiment, I have net added over $1.2 million of Obtala paper in the last couple of weeks which should be seen as a net positive. The Pref, although being a share, has secure features in being one of the most senior pieces of paper in our cap structure and holds deferred Pref dividends (effectively coupon like). It also has a perpetual embedded call option which it seems the bulletin boards view as it’s only feature and assume it is a simple out-of-the-money call option. This is wrong in my view, they should be priced much more akin to a convertible bond and thus hug their notional value of $350, rather than trade on the embedded call option value alone. I remain fully committed to Obtala and seeing this job through to its conclusion. I have been the largest/one of largest contributors to every raise since joining the board. I am feeling the pain as every other shareholder is but we have strong foundations and a great business. In ten years Obtala has never been this close to profitability, I cannot understand why the share price does not reflect this hence my purchases. Ends.
26/7/2018
19:54
multibagger: Disconcerting - Not looking good if you are a small PI. Thankfully I got out of this ages ago. OBT will go the way of the tomatoes, canning business, Mama Jo's, mangoes, pineapples, hardwood, darkwood etc....all pie in the sky. Why is the share price dropping like a stone ? OBT is getting prepared for some proper corporate action likely to be unpalatable to small PIs......read the tea leaves. When will a bombshell suspension/delist process or other awful corporate RNS drop ? Not long. OBT has been total non stop BS. The usual excuse of the market not pricing the share properly/discount to asset will be dutifully wheeled out - has been done before and will happen again. Extraordinary/AGM will be held in the Channel Islands or some remote spot so that the average PI can't get there economically and vote will be passed by 75% of the concert party attendees. Let's see what happens, this is my bold prediction....good luck if you still hold.
16/7/2018
16:31
lr2: From today's RNS amendment BC. Work out the equivalent OBT share price paid and you will be impressed with his acumen. Https://www.investegate.co.uk/obtala-limited--obt-/rns/director-pdmr-shareholding-amendment/201807160919447286U/
02/10/2017
06:29
imjustdandy: If they list Argento in HK for say £200m then Obtala stake in Argento should hopefully be recognised in OBT share price here in London. It also takes away any need for OBT to fundraise to support Argento. That's the two benefits to OBT as I see it. We could be looking at 35p as suggested by recent broker notes once the value of Argento feeds in .
10/4/2017
10:54
scotty1: hxxp://www.shareprophets.com/views/28350/something-more-than-the-fertilizer-smells-at-obtala Something more than the fertilizer smells at Obtala By Evil Banksta | Monday 10 April 2017 Obtala (OBT) should be a simple business to understand, its website explains that it farms just over 1,700 hectares of land in Tanzania and that it’s transitioning its forestry business to supplying hard wood products from 314,000 hectares of forestry concessions. And yet the group structure, accounts and accounting practices are possibly the most opaque that I’ve seen for an AIM company for quite some time. I’m going to highlight three points that should make the longs very concerned and should tempt the shorts out to play. 1. Montara Continental Limited: Obtala doesn’t own its assets direct, instead there are multiple holding companies, first in the British Virgin Islands, then in the Seychelles, until you finally get to the farm and forestry concessions which are held via Tanzanian and Mozambique companies. But Obtala only owns 75% of the ordinary equity of one of those intermediate holding companies, Montara Continental, which indirectly owns all of the group’s principal assets and hence Obtala only owns 75% of the farm; it owns even less of the forestry concessions as we’ll get to shortly. It’s entirely unclear what arrangements might exist between Obtala and the external investors in Montara but a look at the 2015 accounts shows that Obtala made a loss of £11.654m in 2015 of which £13.563m of that was a loss for Obtala shareholders but £1,909m was a profit for Obtala’s minority shareholders! Hello? How does that work then? How come the minority shareholders are making out like bandits when Obtala shareholders are suffering the pain? 2. Argento Limited: A second sub-holding company owns Obtala’s forestry concessions, it has agreed a convoluted preference share investment which means that currently 22.5% of this company is owned by more minority investors. As of 15 March, £14m has been raised by Argento in preference share finance that give the holders a priority right to the assets of Argento, a guaranteed 5% dividend plus an ordinary dividend if Argento pays one. These preference shares are convertible into ordinary shares of Argento or alternatively exchangeable into Obtala ordinary shares. Preference shares like this have hybrid qualities; at worst they are debt and take 100% of the assets, at best they are equity and take just 22.5%. Factoring in the two holding companies means that Obtala has a maximum 58% economic interest in Argento and thus a maximum 58% economic interest in the forestry concessions. 3. Biological Assets: Obtala’s 2015 accounts show a value of £118.2m for “biological assets”; this is a hugely material number in the context of Obtala’s accounts, without it the net balance sheet would look pretty close to nil. However, unfortunately, this is not a figure in which we can place a lot of faith, the auditors don’t and their report specifically highlights the number as needing an “emphasis of matter”. You have to look back to Obtala’s 2013 accounts to find the original source of the number: The income statement includes an increase in fair value of £107,379,000 in relation to the biological assets. In prior years these biological assets were held at cost of nil as no reliable fair value was available. In plain English, the directors magicked a number out of thin air representing their view of the profits that they expect to raise in the future. This is a “level 3 fair value”, if you want to read more on the topic search Google for “Enron level 3 valuations” to find out why Warren Buffett refers to this valuation technique as “mark-to-myth”. In summary, Obtala owns 75% of a farm in Tanzania, which is probably worth in the order of £4m (This 1,400 hectare farm in Tanzania is for sale for £3.4m) and separately owns 58% of a nascent unproven hard woods business about which some wild speculative claims have been made but even the house broker admits will burn cash this year. Obtala’s market cap at the close on Friday was £53m, in addition the preference shares are £14m of debt from the perspective of Obtala ordinary shareholders. Factoring in the complex structure and accounting shenanigans, I think that the valuation here looks too high by a good factor of 10.
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