Hi SouthStreet. Wasn't it Churchill who once referred to Russia as "a mystery wrapped in an enigma". Well that's rather how I look at AGTA. I have to admit that I have a soft spot for this share, but it's cost me so far. Africa will become more prosperous over the next 20/30 years and there will be higher demand for beef (locally) and cocoa (globally). I also think the palm oil assets have potential, although the company have not even started to develop that side of the business and again that's a very long term project.. So for me, the fundamentals make sense long term. But....... like everyone else I worry about possible dilution and the company's inability to turn even a small profit. I find myself having to resist the temptation to top up and average down almost every day, ah but then what do I know, I'm just a Tailender and have absolutely no idea what P.H. Edmonds next delivery is going to look like !!
7 Apr '15
RE: what's cooking
My view is that they will have to make a decision in the current year whether or not to sell the assets with a poor outlook ie Maize and possibly the plantations. They had such a bad six months, while beef appears to have legs. The board may have proved incapable of turning this into profit up until now (and to be fair 2014 was a particularly terrible year - Ebola, political unrest, flooding etc) but they are not stupid enough to just churn the company into the ground without selling their assets in a timely manner, that is of course if things have deteriorated since the last report. I am on a loss here but I will hold for the simple reason that at worst the should get to atleast twice this SP even if they bodge it! It is a pretty good time to buy as we cannot really sink much lower as things considered.
7 Apr '15
RE: what's cooking
i'm unsure to be honest - I have sold out of AGTA (at around 0.64p and a loss) but keeping a watching eye if profitability does arise - I may come back in at that point I was in for around 2 years and just got frustrated at the constant changing of stories that AGTA come out with - in the end I got to a position whereby I was not really sure where they were (and am still not) - each report contains different types of information so difficult to compare - rationale for performance changes from that given in press releases (the few that ever come out) and I could not see any clear execution against strategy im happy to be out for the time been - I can only see it drifting lower without some real improvement in financial performance the organisation as currently stands is not solvent (only sale of oil assets that has kept them going)
5 Apr '15
been in this for 3 years, believe that when this bod finally stop buying more land,and concentrate on producing, that it will all come together and maybe DL will step in and advise and distribute their goods for them, any comments on this assumption?
30 Mar '15
Ive been interested in this for a few years now but news and commentary seems to have dried up. Anyone have a strong view or otherwise on this stock ?
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