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Yep although I imagine thatās extremely sensitive. Each farmer seems to be getting a tailored deal. Itās great that the company can be that flexible. Given the market thatās a huge positive.
I was embarrassed about some of the questions Brian had to answer. Thereās obviously some keyboard warriors out there that donāt understand the company or itās business. Itās testament to Brian that he answered their questions in an open and honest manner. Iām going to continue to top up here whenever I can.
meant to say increase in cash despite the 10% deposit customers
Just had a quick listen but one thing that came to mind was the increase in cash is from a lot of 10% deposits with the remainder due sometime this year according to credit terms of customer.
Safe then to assume cash would be a fair bit higher as our cash position is absorbing capex and opex for the 10% customers.
Would be great to have a breakdown of customer type cash / credit
What price are Verde currently selling their product per tonne?
Sorry Chique,
You can listen to itā¦ recorded on the site. Highlights are no fund raising or dilution, cash in the bank up, price per ton has been raised three times, q3 looking very strong and money to be returned to shareholders in dividend. Also, limestone will be instant oven ready business with similar margins.
In March 2018 Harvest RNSd a sales contract with Agrocerrado.
The RNS stated:
'The sales price of KPfƩrtil agreed between the two parties is BRL200/t'
How strange that seems when Harvest invoiced a BRL150/t?
Investors thought Harvest were selling at BRL200/t, so was the RNS wrong ?
No, it was correct!
Work it out!
They have 20 'resale centres' (distributors) if they work anything like Verde a large proportion of sales will be through this network and they will get a substantial discount on the price. Shame no one asked?
Where are these price rises happening?
What on earth are you dribbling on about.......if you don't like this company why give it so much of your time? You only get one life!!
If you don't know the price per tonne it's irrelevant what a price increase is. It's even more irrelevant to know how many of those price increases there have been.
Nobody asked about price reductions then?
Sorry, but that has no effect on me!
Though the usual 'filter' cop out just make me laugh.
That's great and well done, finally moved on from the MDs fees!
Can go over the accounts later!
So:
'Cash higher than at end of FY (even after capex spending in H1)'
The CAPEX spending was a LOAN, not from generated cash, let's re-phase that as ' Cash higher, debt higher'
'3 price increases'
irrelevant statement, but great ramp.
'Likely 175kt+ sales'
speculative information from Directors? Have they not read the there own accounts regarding expected results of operations. Great ramp though!
'Limestone..........'
Gives me a break, they failed to even mention limestone in the accounts!
'No 200kt capacity limitation as some feared'
Not now then, assuming they've spent the R$3,000,000 loan monies making the 325ktpa nameplate plant capable of operating at greater than 150ktpa.
It was actually about the accounts wasn't it?
See post below - well worth 50 minutes watching the recording on ICM.
I was called out and had to miss seminar - swingy what are the main take aways as only just back
Hi T4G,
Recommend you go to the InvestorMeetCompany website and have a listen, video already up and only 50 minutes.
My highlights:
- Cash higher than at end of FY (even after capex spending in H1)
- 3 price increases
- Likely 175kt+ sales
- Limestone project benefits as a bolt-on
- No 200kt capacity limitation as some feared.
Plenty more in there and undoubtedly areas where they could improve. Unfortunately, Brian mistook my question on PR as a slight against McBrides instead of as suggesting an upgrade from the TMS/Burton stable.
Lol the recordings there for all to see on investor meet.
You're starting to sound on par with said the investor that dared to question MDs fees.
Playground comments from both.
Well, given it is already there, I'm guessing small***** is left with his proverbial in his hand right now.
I'd love to know what happened to make you and your pathetic aliases on ADVFN so bitter. I can't imagine spending my life trolling something day in, day out.
Must have been an extremely poor 'webinar' if all you have to gripe about is one particular investors question?
Hopefully they'll have the blals to release a recording and we'll find out what was really said?
PY
In the last 12 months, we are up 212% according to Sharepad and around 545% from the lowest sell price printed (1.666p in September 2020, I believe). Also, this is without considering the general market conditions which has dragged nearly everything down around it.
Again, it isn't our fault you entered at the hype/hope phase and seemingly didn't take any action to improve your position. Funnily enough, despite your strange attitude, I'd be surprised if you didn't see a very positive return from an 18p entry!
It's a shame Brazil's coastline is not on the West Coast of South America instead of East.. Brian could swim there from Australia if it had been
Ok fine you are all happy with the share price slump. ever wonder why ? that must be my fault.
Exactly. No need for payment at all. Especially when itās Johnās money. Outrageous.
Iād like to get Brian a bike on the cycle to work scheme too. That way he can reduce his travel to/from Australia.
There's some lovely weather in Brazil generally Swingy and good, kind farmers too..
..so I expect tents pitched at no cost alongside the KP Fertil fertilised fields for the team might work ? .. and the team helping themselves free of charge, to coffee, sugarcane, soybeans and cocoa, maize, rice etc.. towards varied and nutritious fritters and drinks could work too ?!!
You mean to say Brian and Luis aren't taking it all themselves? Crikey.
Yes, exactly, a big travelling team which has actually resulted in huge YoY increases in revenue and now to profitability. I've also seen the madness of trying to pin all historic fees on Brian and Luis, when chucks will have been on bonafide services, plant/storage designs, legal fees, etc.
Brian said he was happy to be listed here than on the ASX, but I sometimes wonder if he regrets his venture into the London markets, given the average stupidity of the PI here.
John,
Itās a business with a travelling sales team. That sales team are highly qualified professional agronomists who arenāt going to sleep in their cars and eat spam fritters. Once we hit capacity those expenses will naturally tail off.
It wasn't only the salaries, which are about the same. Expenses and travel are more outrageous in my view. What an idiot saying I should be embarrassed.