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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Radicle Proj. | RDP | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 2.375 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 2.375 | 2.375 |
| Top Posts |
|---|
Posted at 26/8/2008 10:53 by makingheaps Well it's nice to see the money being spent at long last, although it's still in small chunks and the financial engineering goes on! Each of the last two announcements state that independent valuers value the assets at more than RDP paid. Begs the question why the sellers didn't employ these people!! Still hoping there's some value to be unlocked in there but we're a long way from the £1 target in Charles Stanley research note of February. In retrospect they did well to raise money when they did to give them flexibility when hopefully other investors have fewer options or maybe even distressed sellers. |
Posted at 13/5/2008 07:00 by sbs Tim Bennett, CEO of Radicle Projects, talks about his company in , filmed at the recent show. |
Posted at 10/10/2006 17:42 by makingheaps Marky4, I have no news of this share but am hopeful all will become clear shortly. Results for last year were announced on 29th November so I was expecting similar this year?? A dividend declaration is due which is what I am hoping will spark some interest. I bought into this about a year ago and they've hardly moved at all. Originally I thought they might go to about £1.20 if investors got confidence in the model. The announcements of deals and cancelled deals have been frankly unfathonable. As you no doubt noted the finance director resigned recently which is rearely a good sign but the replacement is a resonably big hitter so he must of had a look and reckons its worth it for him. Otherwise he would have looked for another bluechip treasury role presumably. My theory is simply that soft commodities are tipped to do well and these schemes are tax efficient and in the govenments interest to promote so therefore attractive to investors. A bit like PFI in this country. I'm hoping some hard talking Aussie deal makers know what they are doing. If anyone knows otherwise I'd be intersted to hear your view. |
Posted at 30/11/2005 12:49 by robsy2 And they're off! It all looks very complicated and probably costly in a corporate sense but if it delivers the 20-25% IRR promised it will be worth it.The assets look good and should provide a very solid 20 year cash flow. And mostly financed by bank loans presumably guaranteed against the projected future income therefore realatively cheap finance. It's starting to make sense.If the total cash investment is £9.1m and the loans are £8.6m then the geared returns could be great to us the shareholders.Robsy ajor Aus. Table Grape Bus. - Radicle Projects Plc 14.41 29/11/05 close RNS Number:8458U Radicle Projects Plc 29 November 2005 29 November 2005 RADICLE PROJECTS PLC TO ACQUIRE MAJOR AUSTRALIAN TABLE GRAPE BUSINESS FOR A$21.1m Radicle Projects PLC ("Radicle" or "the Company"), the AIM quoted UK company involved in the acquisition and management of Australian agribusiness projects, announces that it has formed a new Australian Managed Investment Scheme called Radicle AgriProject No.1 ("AgriProject No.1") which intends to acquire the table grape production business of Table Grape Growers of Australia Pty Ltd ("TGGA"). In addition Radicle, in conjunction with SAITeysMcMahon, will acquire the infrastructure and land assets of TGGA through the Radicle AgriAssets Trust (the "Radicle Trust"), a separate newly formed trust. Radicle's total cash investment will be approximately A$21.1m (£9.1m). The acquisition of the TGGA viticulture assets by AgriProject No.1 and the acquisition of infrastructure and land assets by Radicle Trust are subject, inter alia, to finalising terms for, and completing, new bank facilities as summarised below. TGGA, is one of Australia's leading integrated producers, packers and marketer's of fresh table grapes, and operate from six properties across the Northern Territory, Queensland, New South Wales and Victoria. TGGA's properties cover some 6,000 hectares, with vineyards covering 732 hectares. The properties produce approximately 900,000 cartons of table grapes per year, supplying major supermarket chains in the Eastern states of Australia, and key distributors in a number of overseas markets. In the year to 30 June 2005 TGGA generated revenues of A$14.8m (£6.4m). The value of the assets to be acquired by Radicle Trust is A$50.9m (£21.8m). AgriProject No.1 will be managed by SAITeysMcMahon, who will also be acting as Responsible Entity for the project, as required under Australia's MIS legislation. The properties have been managed by TGGA since its formation in 1995 and TGGA will continue to provide its expert farm operation management and fruit marketing services to AgriProject No.1 under a new 20-year contract. Under the terms of the acquisition AgriProject No.1 will reimburse to TGGA the crop expenses for the season to 30 September 2005 totalling approximately A$8.6m (£3.7m). Radicle Projects will receive through AgriProject No.1 the net harvest proceeds for the current and future growing seasons. The Board believe that the acquisition will be able to provide a pre-tax IRR of up to 25% over the 20 year term of the project. Radicle has also agreed in principle to acquire a 50% interest in a sub-trust of the SAITeysMcMahon Primary Infrastructure Fund ("SAITM Fund") for a further cash consideration of approximately A$12.5m (£5.4m). Radicle Trust, which has been formed specifically for this purpose, will acquire the land and infrastructure assets (including water rights) of TGGA and will receive rent from the operational business. SAITM Fund will acquire the remaining 50% shareholding in Radicle Trust. The acquisition of TGGA's grape growing operations by AgriProject No.1 and the acquisition of the 50% interest in Radicle Trust will be financed from the Company's own resources and from a new bank facility of A$20m (£8.6m). Completion of the bank loan, acquisition of the TGGA assets and investment in Radicle Trust are expected to be completed by mid December 2005. A further announcement will be made at that time. Commenting on the deal, Tim Bennett, Chief Executive Radicle Projects Plc said, "The acquisition of TGGA's operational assets is an exciting acquisition for Radicle. We believe that the operation has a well developed management and marketing structure, supplying grapes from the early November northern Australian crops, right through the season until late southern crops are marketed in April/May. Along with recent acquisitions of MIS secondaries and our initial underwriting transaction, we have demonstrated the availability of significant businesses in all the ways highlighted in our prospectus, within just 4 months of admission to AIM." -ends- For further information please contact: Radicle Projects Plc Tavistock Communications Charles Stanley & Co Tim Bennett, Chief Executive Paul Dulieu/John West Russell Cook Tel: 020 7958 1681/07969 981790 Tel: 020 7920 3150 Tel: 020 7739 8200 Notes to editors About Radicle Radicle Projects Plc (Epic: RPD.L) was established in 2004 to acquire interests in Australian Agribusiness Projects. Having admitted to trading on the London Stock Exchange AIM market on 4 August 2005, the Company has identified a series of acquisition opportunities which the Directors anticipate will generate significant cashflows. Through the acquisition of interests in Australian Agribusiness projects with strong business fundamentals, sound market prospects and cash generative profiles, Radicle are committed to delivering income to shareholders by way of dividends and creating capital growth. Based in London, with offices in Melbourne, Australia, the Directors believe that Radicle provides an opportunity for investors to gain exposure to cashflow streams and asset growth that are not correlated to the mainstream asset classes of equity, property and cash and thus diversify their portfolios. For further information, please visit www.radicleprojects. |
Posted at 24/11/2005 08:57 by robsy2 London Stock Exchange Regulatory News Service Thursday, 24/11/05, 07:01 A$500,000 of MIS Acquisitions - Radicle Projects Plc RNS Number:5983U Radicle Projects Plc 24 November 2005 24 November 2005 RADICLE PROJECTS PLC ACQUIRE MANAGED INVESTMENT SCHEME INTERESTS FOR A$500,000 Radicle Projects Plc ("Radicle" or "the Company"), the AIM quoted UK company involved in the acquisition and management of Australian agribusiness projects, announces that it has acquired secondary interests in a range of Managed Investment Scheme (MIS) projects for a total cash consideration of A$500,000 (£214,000). The projects, which are managed by Timbercorp as Responsible Entity, include 1997 Woodlots, (which are due for harvest from 2007 onwards), 2002 & 2003 Almond projects, 2001 Olive projects and 2004 Citrus lots. All projects, apart from the Woodlots, are expected to generate cash in the financial year to 30 June 2006. Each of these purchases fall within Radicle's stated investment criteria, including an anticipated annual net internal rate of return of between 16 and 19 per cent. Commenting on the acquisitions, Tim Bennett, Chief Executive Radicle Projects Plc said: "This initial acquisition proves the concept set out in our prospectus and demonstrates that Radicle can purchase good quality interests, at the right price, under the investment criteria that were laid out at the time of our listing in August 2005. This acquisition of MIS interests represents our first step towards positioning Radicle as a key player in the secondary market for this kind of asset class. We expect to announce further acquisitions during the coming year." -ends- For further information please contact: Radicle Projects Plc Tavistock Communications Charles Stanley & Co Tim Bennett, Chief Executive Paul Dulieu/John West Russell Cook Tel: 020 7958 1681/07969 981790 Tel: 020 7920 3150 Tel: 020 7739 8200 Notes to editors About Radicle Radicle Projects Plc (Epic: RPD.L) was established in 2004 to acquire interests in Australian Agribusiness Projects. Having admitted to trading on the London Stock Exchange AIM market on 4 August 2005, the Company has identified a series of acquisition opportunities which the Directors anticipate will generate significant cashflows. Through the acquisition of interests in Australian Agribusiness projects with strong business fundamentals, sound market prospects and cash generative profiles, Radicle are committed to delivering income to shareholders by way of dividends and creating capital growth. Based in London, with offices in Melbourne, Australia, the Directors believe that Radicle provides an opportunity for investors to gain exposure to cashflow streams and asset growth that are not correlated to the mainstream asset classes of equity, property and cash and thus diversify their portfolios. For further information, please visit www.radicleprojects. About Australian Managed Investment Schemes (MIS) A Managed Investment Scheme (MIS) is a Project in which an investor in the scheme subscribes to acquire an Interest generating benefits produced by the Project. Overall management of the Project is the responsibility of the Responsible Entity. The investor is sometimes given the option to elect to take delivery of the harvested produce or to pool produce with other participants, and permit the Responsible Entity to market and deliver the produce on a collective basis, for which the Responsible Entity usually charges a fee or commission. Projects are generally long term investments having terms of between 10 and 25 years and are regulated by the Australian government under the Managed Investments Act (1998). This information is provided by RNS The company news service from the London Stock Exchange END ACQEAPFDASNSFFE |
Posted at 02/9/2005 16:56 by robsy2 Hello folks I have read the Tips article and the stock has tickled my fancy but I am having a few problems understanding how this is going to work. Maybe someone can give me a bit of guidance. I can see how Radicle could do good business by contacting MIS investors who are locked into one of these schemes and buying them out at a discount, so that we the Radicle shareholders get these nice returns. So far so good , they estimate there may be £760 million of MIS allotmenst out there. OK but Radicle is only worth £13.5 million so how are they going to raise the money to grow the business? Another worry I have is backing a business that depends on government legislation to survive and prosper.Is there any legislative risk going forward? Will the Aussie govnt(s) continue offering the generous tax benefits.Any views on this ? I presume the company has resarrched all this but Are there any scary things we/ they have overlooked about the rules surrounding the tax kickbacks . Are there lock in periods? Can people trade these assets ie take the tax benefit and resell the shares to Radicle? Any comments welcome! |
Posted at 05/8/2005 18:43 by e-venturer Interesting new listing on aim. thet are looking to buy companies in australia that are cash generative and want.interesting bit is - Bennett intends to acquire other established projects, which should make the business immediately cash-generative. Proceeds from harvests will be returned to shareholders or invested in new projects. Bennett aims to pay a dividend that will give investors in the flotation an initial yield of eight per cent from 2006. Fibished stringly today anyone got anymore info or thoughts |
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