Radicle Projects Share Discussion Threads

[makingheaps] 06/1/2006 18:55

Up a couple of pence over the last two sessions, perhaps we are on the move

[jonwig] 27/12/2005 09:45

Hello all,

am quite keen - has anyone a copy of the prospectus for e-mailing, please?

EDIT - it's on the website, sorry.

[slapdash] 23/12/2005 21:48

dividend is merely aspirational in my view as this is such a new company (i.e. new projects etc)... i.e. check out GOC ...... so this could go either way in my opinion..

Slap

[makingheaps] 23/12/2005 12:17

I've bought a small quantity of these. My theory is that at the moment they're too different to be successful. Punters aren't sure what to make of them. If the model works however and there is a 7p dividend in the year 06/07 we should be looking at £1.20 to £1.40 in 18months/2 years time. Demand will build once some results are published and analystst and punters have something to compare.

[krsgr] 06/12/2005 09:10

An interesting point made by TW in his interview with Radicle was that of NAV. It was inferred that a NAV of 110p to 115p may not be far off the mark.

Deals like the one above can only help NAV.
"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)."...and..." 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)."
Note. I am assuming that RDP has a 50% share of the £21.8m value of assets


So current share price is showing a likely 30% discount to NAV, a possible forward PE of 6 to 7 and a projected yield of 8%. Looks very cheap hence I picked up a few yesterday at 82p and 83p.

[robsy2] 05/12/2005 08:08

Hi Double 6
What did the article say?
Robsy2

[double6] 04/12/2005 10:40

Tipped in Telegraph today.

[robsy2] 30/11/2005 12:49

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: [phone] Tel: [phone] Tel: [phone] 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.com About TGGA TGGA, is one of Australia's leading integrated producers, packers and marketer's of fresh table grapes. Over the past 10 years, TGGA have successfully developed a portfolio of properties over four states. The geographic spread of the properties produces fruit over a period of several months for delivery to major customers in Australia and key distributors in overseas markets About SAITeysMcMahon SAITeysMcMahon is an unlisted boutique funds manager in Australia, with head office in Melbourne. SAI has some A$1.5 billion funds under management, through a range of unlisted property funds, and in agribusiness. SAI has been developing agribusiness operations since 1995. SAI's agribusiness interests include wine grapes, citrus, almonds, table grapes and mangoes. 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 ACQDGMZMDLGGKZM

[robsy2] 24/11/2005 08:57

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: [phone] Tel: [phone] Tel: [phone]

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.com


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

[robsy2] 02/9/2005 16:56

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!

[8 ball] 30/8/2005 21:08

Came across this in a small article in IC.
The yield does look attractive.

[e-venturer] 21/8/2005 15:34

Shavian

as requested origional post updated. Hopefully we will get some news soon. Can anyone tell me about current interests that the company hold.

[shavian] 18/8/2005 09:38

e-venturer: Thanks for this, I was steered this way by tips.com. As thread-meister would you please tart up the thread with the usual charts?

[e-venturer] 08/8/2005 08:43

spread now down to 1p 91-92 all buys this morning should be moving soon.

[e-venturer] 08/8/2005 08:03

strong start more buys looking good today.

[e-venturer] 07/8/2005 16:07

thanks scotty wil go and have a look myself.

[scotty1] 07/8/2005 16:03

Afraid not E because advfn will remove post, but its from a subscription
site if thats any help, and I can tell you it probably will be tipped again by
the same person on uk-anylst within the next couple of weeks , hope this
helps, not trying to be evasive just careful, not in them myself

good luck scotty

[e-venturer] 07/8/2005 15:54

scotty1- thanks for that can you add anymore to that. ie who tipped. if not thats find. have been trying to find out about the forsetry project they are involved in queensland.

[scotty1] 07/8/2005 15:49

No news its was tipped in last 30mins of trading friday

[e-venturer] 07/8/2005 15:35

Charles7 just not reading what i'm writing all 81k of buys 29 tades all came in last 24 minutes of trading on friday. Will make interesting start tomorrow maaybe if that trend continues wonder if there is news coming.

[charles7] 06/8/2005 12:03

e-venture

83P-92P thanks very much!

Fibished stringly!! LOL Thanks inshspektur Klouzzoo, bean on zur sorse agin av ve??

:-)

[e-venturer] 05/8/2005 18:43

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