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I saw the announcement earlier today and a rise of over 50%, thought I’d missed the boat but i put a cheeky low ball order in which I believe has just been satisfied... I’m now hoping for an epic afternoon.... lol
Gla
Cannot believe someone bought 513203 in the morning and now have sold it for a loss.
This has potential to climb higher possible lift this afternoon
https://www.proactiveinvestors.co.uk/companies/market_reports/223579/anglo-african-agriculture-cruises-higher-on-mombasa-port-decision-223579.html
Anglo African Agriculture cruises higher on Mombasa port decision
It does make you wonder where the MM's are going to find the shares to balance their books. 6.5m buys versus 2.6m sells today so far, with a similar pattern on NEX.
Mike Joseph put circa £1m into the company at 0.50p last September and holds 25.8% of the company. With the positive news coming out of the company and Andrew Monk -VSA Capital who is a directors of AAAP and facilitating the RTO, I foresee a great demand for the shares as people gain a better understanding of the potential.
AAAP is Main Market listed and should attract a much wider shareholder base, IMHO.
Great to see some volume on both LSE and NEX. Buys far outweighing the sells at the moment and with many of the shares held by directors and Mike Joseph, I believe the MM's will have to up the bid price substantially to attract further sellers.
That’s more like it
That's why I first invested because this is main market listed and not AIM
Just to add if anyone is new to this share AAAP is main market listed and has over 60% in directors and other institutions in share holdings
Hugh rerate on the cards today
I have always said about this share with only a few trades the sp moves so fast, what happens when we get a lot of trades this sp could do 250% to 500% in one day on good news
Absolutely, that’s why in bod words this is a ‘game changer’
The sp went to 1.10p last year on speculation of the RTO alone, now the RTO has been confirmed and with the potential here I just hope a large increase in sp will happen sometime
Unless I’m missing something here I just can’t see how this sp is so low because the potential here is staggering. The Major infrastructural work now going on in Kenya surely bodes well for AAAP. And also the upcoming LPG terminal which was s big business
Up 22.83%, but still below the last placing price. This should be a lot higher given the potential and the asset values of Comarco and AAAP.
OPT Finally we're seeing light at the end of the tunnel
Now longterm shareholders want to see 'value' delivered
"Comarco Group has obtained the consent of the Kenya Revenue Authority to gazette its Mombasa port area as an entry and export area for customs purposes by the Commissioner of Customs and Border. This means that:
The Comarco Port has been designated as a Kenyan Entry & Exit Point;
The Comarco jetty has been designated a sufferance wharf and customs area; and
The Port has been designated as a customs bonded warehouse.
These permissions enable Comarco Group to operate as an independent port facility, which will allow the Group to consolidate and expand its port operations to a significantly wider user base.
As a consequence of the above, Comarco Group has signed a contract with Samruddha Kenya Limited for the export of 500,000mt of iron ore in bulk over a one year period.
In addition, Comarco Group has finalised a contract with RK Sanghani Limited for the export of 200,000mt of iron ore in bulk over a six month period."
Extract:
Simon Phillips, Chief Executive of Comarco Group commented:
“This is a game changer for Comarco. Historically we have enjoyed a lot of benefits from the EPZ programme and it has served the group, and Kenya, well. We will continue our good working relationship with the EPZA by keeping KMC and CSB in the programme. The designation of the Comarco Port as a functional private port broadens our capabilities and opens up a raft of new opportunities. We are already seeing these benefits come through with the signing of two significant contracts.”
It is slowly but surely coming together:
https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/AAAP/14140896.html
I keep these in the blind faith that one day the share price will reflect my original thoughts (that it has potential). Company seem content to keep it off the retail radar at present.
I see a change of ticker being a surprisingly big factor in a uplift of the sp here as well as the obvious rto . Psl changing to bould hit 6 bags on speculation of rto alone .
Aaap simply does not attract enough traffic/ trades to uplift the sp for any length of time .
With the prospect of the huge lpg deal and imminent rto I’m betting on at least 2 bags before the end of the year which would be a great result for lth’s shame I’m not one of them I lost patience and sold out eArly this year . Looking to get back if other shares turn a profit . Gla
I certainly agree that it’s hard for holders to fathom the full implications of the Comarco deal yet which may explain why potential new private investors are holding back. Since 10th June Mike Joseph, DL and Andrew Monk have all tweeted positive views on the deal and must know more than they’re allowed to say. The real value to shareholders must be access to the scale of the LPG deal, which will presumably be explained more in the prospectus. In the background, the existing AAA operation seems to be progressing too. Anyway this is just my amateur opinion so DYOR and good luck