We surely wont be waiting til 2015 for profit as far as i can see, worst comes to worse, even if there is a small placing, we are still undervalued at this price!
500,000 k buy at the end of the day and now 500,000k first thing this morning, someone is loading up here, I guess he thought well I could have a brand new vw polo now, or a nice secondhand merc, nah I'll have some more AGTA, then later I'll buy the brand new merc with the proceeds...lol
Hi Punkfeelinglucky. Well of course you could be entirely correct. My take on it is slightly different. Have been having another quick look through the interim results. Loss is reducing and the trend suggests breakeven sometime in early 2015. Enough cash ($8+) to keep us afloat for a wee while. Most of the infrastructure seems to be in place, infact I note the abatoir has spare capacity, so we just need the yields to start coming through, which obviously takes a little time. Don't know if they have any big capex projects in hand (new office block in Sierra Leone), but I did note the bit which said "to support the continued growth of the trading division, strategic partnerships are being assessed to leverage combined operational size and cost effiviencies", which suggests an alternative way forward. I guess a small placing can't be ruled out but not enough to damage existing shareholders value. All IMV, of course.
I gotta say unless marathon or south sudan come through. There is a danger of a placing here looking at the current assets. Happy to hear reasoned arguments why I'm wrong - in fact I would welcome being wrong - but that is how it looks to me. On the flip side in terms of operations I gotta think that with an improved grain and cocoa trading situation and Mozbeef having two new outlets then we gotta have a breakeven month on operation this year. It's the continuing capital investment that will chew through our cash. Any thoughts?
25 Feb '14
RE: Any predictions ?
Got to have a guess I suppose 10.3m. Grain 6m, Beef 3m Coccoa/other 1.3. I expect the outlook to be a better 2nd half indicating record revenues of 22m+.
25 Feb '14
RE: Any predictions ?
Revenue substantially down for DECA and Tropical Foods, hence overall group rev down significantly. That doesn't matter (much) in my opinion - the things I'll be looking out for are: Mozbife H1 profit+ Mozbife rev growth Q3 (assuming there's a trading update for Q3 too); Mozbife expansion progress (herd size, abattoir throughput, retail expansion); cash balance; banana/macadamia plantation progress; news on the progress of the cocoa trees, in particular: have those that were planted taken? For me Agriterra in its current form is pretty much a one-cow show -- Mozbife -- until the cocoa plantation starts yielding in a few years' time. And would the name of the name of the CFO (assuming I undertsood Euan correctly) be asking too much?!
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