Obtala Resources Share Discussion Threads

[mortimer7] 03/10/2017 10:01

Podcast by Miles Pelham on VoxMarkets. A couple of points he made in his summation:-

Company never been in a better position with substantial revenue & growth coming in H2.

Share price down 20 to 25% this year, at 70% of its all time high so anyone looking for an entry point, particularly chartists, that is attractive.

[jack jebb] 02/10/2017 14:20

:-)

Ok Jak.

'See' you at the next trading statement.

By the way, it seems forestry will outproduce agriculture in terms of revenue by a significant multiple, and that is where the bulk of revenues will be. The cutting season is pretty well defined over there, hence the seasonal nature of OBT's revenue stream. Whether harvests are possible twice a year, I dont know. I am sure if its commercially and sustainably viable, they will do it.

Agriculture is the bread and butter to the forestry caviar.

Finally, as you will have read, the company is splitting forestry and agriculture into seperate p/l centres, so you will be able to pour over the finals in minute detail, if you so wish.

[noujay] 02/10/2017 14:03

I can't speak for the rest of it but I enjoyed the wood for the trees part Jack!

[blue59] 02/10/2017 12:50

"Those that fail to learn from history, are doomed to repeat it."

Winston Churchill

[jack jebb] 02/10/2017 12:21

You are clearly an ill-informed clown.

Read the trading statement, watch that video and read today's release.

Whilst you continue to obsess about old balance sheets, you are failing to see what is staring you in the face.

Obtala is a seasonal company, with the bulk of revenues in H2. Instead of being wedded to your tired old mantra, you'd do well to reread and watch that video, which should make you realise just how foolish and historical you are.

Thats the trouble with average journalists like you; you really cant see the wood for the trees, and obsess about the past, not the future, as all successful investors do.

[jack jebb] 02/10/2017 11:36

As open goals go, this is up there with the best of them. When your CEO, Chairman and founder put in further significant sums, you've been told we are in the middle of significant revenues, which will grow exponentially, you would be a fool not to follow the smart money imo.

The levels of the share price now will be long gone by the time the next trading update, and confirmed revenues of multi millions are announced.

I conservatively see the share at above 50p within 12 months.

Any thoughts jaknife, or do you know better than the CEO, Chairman and Founder?

[michaelfenton] 02/10/2017 08:15

Have just added a further 15000.

[michaelfenton] 02/10/2017 07:52

Thanks imjustdandy.

[imjustdandy] 02/10/2017 07:35

If you read further down the RNS there is an option for Argento shareholders to convert into obtala shares at a strike price of 20p. You would only convert if you think it's going much higher than 20p.Looks like OBT in play at long last.

[imjustdandy] 02/10/2017 07:29

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 .

[michaelfenton] 02/10/2017 07:20

The funding arrangements are hard to get the hang off. I presume this is good news but is it good news for OBT shareholders? Anyone care to enlighten this confused old man?

[imjustdandy] 02/10/2017 07:17

Dual listing mentioned again. Must be imminent!

[imjustdandy] 02/10/2017 07:16

Miles Pelham, Chairman of Obtala, commented "Completion of this final Preference Share funding represents an important step for the company as we accelerate the monetization of our latent assets. Asian investor appetite remains healthy and we hope to expand access to this investment by actively pursuing a dual-listing.

[imjustdandy] 01/10/2017 07:50

Jack - I heard a few weeks back they were going to list in HK. This video just confirms it. Good interview that is. He also mentions a listing in Australia too.

[jack jebb] 01/10/2017 07:32

Watch this.

[jack jebb] 01/10/2017 05:53

It does make me laugh when I see people talk about OBT and fraud in the same sentence.

Miles Pelham and Paul Dolan have spent the majority of their working lives in investment banking, where compliance these days is as onerous as its ever been. Whilst we read in the papers about the odd rogue trader, it makes headlines as its very much the exception, and not the norm. 99% of investment bankers are ethical, compliant, and highly intelligent.

Both of them have invested a lot of their own personal money into this company, and both of them have encouraged their friends and acquaintances to invest, often heavily. Not only that, but the former Chairman, Franco Scolaro, hasnt sold a single share.

So who to believe? A bunch of ignorant muppets on a bulletin board, or people within the business, who know it inside out, and have staked their professional, and personal reputations on it?

Granted, the structure here isnt simple, and I am no accountant, but just because you dont understand something fully, it doesnt make it wrong.

It is no surprise the share rallied on friday. If you read it carefully, it is the first time MP has predicted substantial revenue for the company, and this statement was made half way through this half year. In other words, he knows exactly whats happened for the last 3 months, and has great visibility for the next 3 months. He also knows that good management under promise and over deliver.

The basis is changing for this company, and its changing right now. I believe revenues for H2 will be at least $10mln, and that number will rise significantly in the coming months and years.

I'm following the money and the management here, not the ramblings of idiots under false names.

[katylied] 28/9/2017 19:21

I'm not an accountancy expert by any means. I have run a small business in the past and have prepared my own business accounts. I have also read many AIM accounts (as you do) in the course of share-trading. In fact, it is one reason I almost always stick to AIM. Large company accounts are (intentionally) often impenetrable.

I don't think I have ever seen anything like what OBT did today. OK, I haven't looked to any great depth, but it seems OBT bought a company and having done so had it re-valued (biologicals - tangibles and/or otherwise). The new value was millions more than they had paid. They then declared that difference in the P&L (as if it were income) and declared a massive profit for the period. Historical on-going operations, actually told a completely different (and comparatively pitiful) story.

Normally I would expect an acquisition to go onto the balance-sheet at cost. So this is kinda weird to me and if something is declared as an operating 'profit', doesn't it then become subject to (jurisdiction?) income/corporation tax? However, that can't be right as the whole thing is hypothetical, no value has actually been realized, or could be guaranteed at the precise declared value.

My understanding must be wrong. Can someone explain it to me? Pretty please...

[jack jebb] 28/9/2017 14:44

We'll see nifeman. This is Africa, where things dont happen yesterday, today or tomorrow. They have in place an A team that will make you choke on your words, this half, imo.

[blue59] 28/9/2017 14:36

This time next year Rodney....