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I met with the Camarco guys last week and are very impressed with them and their plans
Once listed, the cash raised will really accelerate the growth of this business and then we should see many multiples increase in SP
As you know I have a very large holding here and also have a CLN I can convert plus many warrants, this could turn out to be one of my top 3 investments ever
I know you mentioned before you bought in at an higher sp and I did the same. The question I wanted to ask you is what sp price realistically is possible by the end of the year? I think maybe 1.5p to 2p if all goes well but if it did hit 2p would you sell? Or could this sp go astronomical and 2p would in hindsight be a bad decision to sell? I would have thought Mike is looking for a 5 to 6 fold return on his investment at the minimum so 3p to 3.5p could be possible in the future.
Yes replying to Optomist
Don’t be surprised to see a late large trade pop up ;-)
I assume Mike is replying to my post. He is saying that there is a zero chance of a placing below 0.50p.
I couldn't agree more and the question for me is at what price Andrew Monk - VSA Capital agrees with the Institutional Investors for the funds to rapidly expand the business. For me it should be between 0.75p and 1.00p, based on the asset value of Comarco and AAAP, plus the value of the Main Market listing.
Zero chance of what?
After the great RNS and a sense of where this is potentially capable of going. We saw a day of "Panic Sells" from lack of momentum since day of the RNS.
Thank you :)
Now my next buy in will be even lower, because unless all hell breaks loose, or the company goes suddenly bankrupt - This share will rise as news come in - to have your own private port is a major advantage over all other company's in the area...
This of course is entirely in my HO
trust me there is zero chance of that happening
Seems I timed that well, it may rally past .50 or may go to .375 to buy at some point before RTO who knows. I'm not worried about AAAP and believe once RTO is achieved it will go much higher than .50 current SP equivalent. Sentiment is low hence I'm not sure where the SP is going to go, RTO or suspension cannot come quick enough for me!
kitlow - nice one. I would be surprised if it went any lower than this. The cheapest I have been able to buy over the past couple of months is 0.375p and that is before the positive RNS yesterday.
Can't believe the MM's have balanced their books yet and I certainly can't see any placing below 0.50p at a minimum, other wise Mike Joseph will be very disgruntled.
Also, there are no cheap options or warrants granted from any previous placings.
Just bought 600,000 at .3925, may go slightly lower to buy but I'm happy with that.
someone has sold the 657k shares they purchased yesterday and taken a £1200.00 hit....mind boggling.
The MM's are laughing all the way to the bank.
With the half year results due imminently and probably further updates on the RTO, I expect the share price may be marked up very quickly on positive news, or indeed suspended until the RTO completes.
The new BOD of Agulhas Africa which excludes David Lenigas appear suitably qualified to take the company forward very quickly.
I think some PI's have agenda's with some of the stuff they come out with, either that or they shouldn't be any where near shares. As I've said before we need the RTO before anything exciting happens with the SP, only my opinion though.
Wow. Cannot believe people selling out on a loss.
Zante, I think it would be advisable to read the RNS's from the company to gain a clear picture, but to answer a couple of your points.
Comarco is a private company and needs access to funds to capitalise on the increasing demand for their services for the five companies that make up the businesses in the Kenya/Mozambique region.
AAAP is a Main Market listed company and the RTO by the newly named company Agulhas Group Africa will give Comarco much greater access to the capital markets. I believe the cost of achieving a Main Market listing can run into millions of pounds, so there is a win win for both companies.
The new company will comprise of seven different trading companies with a current turnover of circa £10m, although I expect this will increase rapidly given the opportunities that are currently available.
The current two businesses in the AAAP stable are currently profitable and the half year report, due this month, should confirm continued growth.
I believe many people are confusing the share transfer price as a valuation for the Comarco business, but in my view this is wrong. At 0.50p this values the Comarco business at a circa 20% discount to their net assets, which IMHO is well below the valuation of a successful port and logistics business.
I expect this share will have popped up on new pi’s radar yesterday as a significant riser. Thanks bloodshot for your high level summary, I have a couple of questions if I may?
(I) Comarco - if in such a fantastic position why did it allow the reverse take over from a smaller company ? Why did Comarco not simply exploit all of the fantastic opportunities that having its own private port in Kenya and access to contracts in the mining and offshore oil and gas industries you mention ?
(II) financially this company has very little to attract me to buy in - couldn’t this be another company funding its infrastructure development through multiple placements and dilutions ? What makes you think this is a good prospect for capital returns ? When is the company expecting to turn an actual profit and pay a dividend?
Cheers .....
Theres a very quick summary here for any new investors but please DYOR
AAAP will acquire Comarco, a much bigger company (which is mainly a shipping and logistics business) with their own private port in Kenya, through a reverse takeover LSE main listed. They have lots of opportunities to quickly expand including contracts from the mining industry, the nearby offshore oil and gas industry and getting a slice of a $20 billion investment in a new gas terminal from Anadarko.
Very promising and shares tightly held by long term holders so once it starts moving, it will rise quickly.
Massive opportunity. Worth doing some research.
Well we were certainly overdue a good day after all the recent tumbleweed. Let’s remember also that Comarco must be just as excited to be doing the deal with AAA as we are with them.
very tight spread now...buy 0.50p v sell of 0.482p. MM's looking for shares. A few more buys should see both the offer and bid rising.
Still very cheap when you consider the opportunity.
Full ask now being paid......
OPT up 40% or so but MCAP is still a ridiculous £2M !!!
Stocks focused on developing Africa are not fashionable
Surely having a sea port as a asset must be unique because how often do deals like this come about acquiring a sea port it must be rare
I'm not posting but still holding my just under 1%, very exciting prospects here! Cannot wait for the RTO to take place, then we can relax and see our new business seriously grow imo.
Hi Mike, good to see you are watching proceedings here and still very positive about the potential growth following the RTO.
Yes would be nice if it did the same as last year where the SP went up again in the afternoon
got to be honest, I am very surprised this isn't on more peoples radars
I am uber excited about the future here, I could top up but have to be careful I don't trigger my own takeover!!!