All I can see is steady progression, if the political scene stays stable i can't see why this progression will not continue slowly but surely towards profitability. Sure the sp is not reflecting agta true value right now, and there is a case of it not being a fashionable share due to a lack of news, and investors personnel view about how quick or not the time scale to a profitable business should be. If the next news update is positive all this could change in an instant, at its current price you can't complain about value. imo this is a longer term investment and patience is required.
I must admit I am really failing to see why AGTA is down so low - NAV of £55m against a below £12m recent news has been positive and I thought the rationale for previous results stacked up - political issues in mozambique for beef and poor harvest for cocoa since then the beef reporting has been positive and cocoa pricing and general market environment is extremely positive (maize business looks after itself) - and the investment of capital had now slowed down with a focus on stabilising and growing business as it stands, evidenced by operational improvements - AGTA has £8m in cash so plenty there - do not understand why some think there will be a cash call my main worry is if political situation is still having large impact (although there has been considerable recent improvements here) - we were told a couple of months ago beef doing well I've bailed out of stocks before on basis of others views, movement in SP over short terms (I bought in at 2p earlier this year) - this time am actually going to stick with my own opinion and buy more tomorrow If next results are positive then the upside on this share is huge - and long term extremely positive
yep...in absence of -rns, 0.5-0.7p for oversold punt ...but would prefer to see BoD do something positive: demonstrate profitability and/or buy v big
Not at any price ?
The perceieved shortcomings of AGTA have been well chronicled on these pages, but might the SP fall so low that even the most cynical would see it as a valid punt ? I have to say that when the SP gets under 0.7p ( which given AGTAs steady fall is a distinct possibility) I will be tempted to pick up a few. Lower the price, lower the risk ? What price would tempt you back in ?
Some positive news
>>> Mozambique Government, Former Rebels Sign Peace Pact <<< http://allafrica.com/stories/201408253097.html [Agriterra business is in Mozambique, austral Africa]
Hi...the enormous on-going investment aka rolling cash op loss...and pathetic misalignment of interests (when did a director last buy big here)...are huge negatives
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