Hi totstheman, I am also an Agriterra investor. Just curious, who did you speak to and what did they say? Thanks
don't buy until you see the Directors buying...
dbentley best of luck with your future investments. I spoke to the company yesterday at length and I am confident that we will see reward over the coming year in the SP if we hold.
the NAV reduction of 20% I referenced came from figures in their accounts NAV FEB 2013 (from interim results) - 64.5m NAV FEB 2014 (from interim results) - 57.5m - 11% fall NAV FEB 2015 (from interim results) - 50.2m - 13% fall ok I'll accept some exaggeration with 20% quote - but you get the point I just do not see things happening here - there are better shares around to put money in I think best thing to do is exit - wait until they are profitable and consider re-investing then - I think this is going further down before it goes up, I also think we could be waiting a long time for profits
RE: More of the same P.S.
hi Tailender - yes that is the problem, i'm not sure what the best scenario is going forward - and more worryingly when you read the report they seem to provide no direction either - it is just drifting what annoys me is the constant changes in story and skewing of positions - last year Maize results were poor based on a poor harvest and political issues - however a clear mitigation for this year was was that since then political issues had subsided and were looking at a solid harvest - now this bumber harvest is used as a reason for poor results the stories just never stack up - well over a year now since Euan said were nearly profitable - instead loss getting worse in the words of Duncan Bannatyne - it is for that reason - im oot
RE: more of the same
Look I am not saying the results are ground breaking but 2014 was a pretty torrid year for a number of well documented reasons. Yes we are lucky the oil sale covered the operational loss and we need a small miracle to avoid a loss in the end of year results. However, the NAV is not decreasing 20% a year, i am not sure where that has come from, its been at the same level for a while now. Beef is going very steadily in the right direction and this is clearly the division where the money will be made. As pointed out by Tailender the other divisions need some serious thought and direction, and pretty quickly - whether this is to sell off some of the assets or improve efficiency (which is surely more possible in a less torrid year). At the end of the day, we still made a profit, have a Nav far outstretching the MC. They obviously think the can still turn this company into a profitable one otherwise they would start selling off their assets. Either way we should see some shareholder value in the coming year. My advice would be to sit tight, we have been through a hell of bad a year in terms of the SP (down 68%), it cant get much worse on that side of things. All things considered the current SP is pretty harsh.
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