I also thought it good. But in my experience in Afri agric beef production on irrigated pastures does not pay. All we are doing here is give the directors a good life in the sun, game fishing and hunting.
Thankfully bailed from this stock a while ago...always difficult to swallow a loss but the SP has done nothing but drop since. I feel for those still in though, seems a long way back now. Seemed a great story and may still be one day hence I keep on my watch list but the SP just seems to keep going south...anyone got anything positive to say about Agri?
2 Jul '14
Well MSSRS Cassiano-Silva and Naude have been in the hot seats for over a month now, plus it has been a month since the financial year to 31/05/14 ended, so surely we are due at least and operational update. I've seen the video where Euan declared how close the company was to profitability, but now he's upped and gone - did they need to get in a new bean counter to find out what the real situation was or is this just a bedding in period for the newbies and news is just around the corner?
1 Jul '14
Two things : First of all, the bid price has hardly moved, it's the ask which seems to have come down, hence the spread, which was 15%ish, has collapsed. Secondly.... as Brenty said, Just What is Going On ? No, seriously, why is this such a disaster when in theory it's got so much going for it in terms of assets, sector fundamentals etc. ?
1 Jul '14
Only way to describe this car crash of a share, miserable news flow and heading only in one direction. Hint- not up. Abysmal and for what should be a cash rich company really quite shocking. Just what is going on? White Nile part two?
23 Jun '14
is absurd and much wider than normal for this share. I would have thought it would have put anyone off buying or selling (unless out of panic). What's the MM's thinking behind this ?
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