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Interview out now:
http://comarcogroup.com/news/2019/africa-oil-week-interview/
The interview with Comarco will be released next week, but Andrew was sounding very positive about the company in his interview with Malcolm. Worth listening too.
Meanwhile, a couple of buys on NEX has moved the offer price back up to 9.00p. I think this will look like a very good price when the new company relists next month as Agulhas Group Africa.
Remember, the listing price for the new shares when the Prospectus is released will be 10p and that is below the net asset value of the new company.
Andrew Monk
@AmonkMonkey
·
1h
Slight self indulgent tweeting this one form Africa Oil Week - but we'll tweet also a couple of others and all the interviews will be on VSA website next week
Quote Tweet
VSA Capital
@VSACapital
· 1h
.@mgrahamwood also sat down with @AmonkMonkey to discuss Africa, @VSACapital, China and @ComarcoGroup https://tinyurl.com/y3zv65ly #investing #finance #markets
"The sole significant change in the trend in production, sales and inventory, and costs and selling prices since the
end of the last Financial year until the date of the SRD is that the Port has been gazetted in June 2019 as an import
and export point into and out of Kenya. The Port was an EPZ that was did not have the authority to act as an import
and export point. The gazettement has resulted in immediate and ongoing contracts resultant in additional
monthly income (for the new services). Whilst not possible to quantify the effect on financial performance and
position of the gazettement, the Current Directors, Proposed Directors, and the Company believe that this new
status will immediately facilitate a diversification of the range of goods and services which Comarco Group can
import / export as a result and which should result in increased turnover."
The document is 170 pages long and covers every aspect of the business. I found the statement below near the end of the document, which confirms the company clearly anticipates a substantial increase in traffic through the Port at Mombasa.
"This is evidenced by the Comarco Group winning a substantial contract to export 600,000 metric tonnes Iron Ore, already underway and renewable
annually. Similarly, the Comarco Group has recently concluded a contract to import a quantity of 8,500 metric tonnes of Coal in October 2019 with a view to finalising an annual quantity upon the successful handling of this initial consignment."
http://www.aaaplc.com/media/191104_Commando_Share-Registration-Document_FINAL-compressed-1.pdf
https://www.lse.co.uk/rns/AAAP/intention-to-float-6518vsvs34kztji.html
I agree with you both. Once more (big) contracts are announced then Institutional interest will increase along with the price. Might take a few weeks/months to get running but then hopefully (if management play their cards right) should be a nice steady rise up to whatever price youd like to pluck out of thin air. £1 PS would be a nice target but might take a year or two.
High hopes here.
Good luck to all.
Couldn't agree more, and we already know that Comarco have secured significant contracts for the Port, with revenues commencing from July 2019.
The big question is what price the shares will be in the Prospectus. At 10p this would be at a discount to NAV of the new company. With significant new contracts, I would expect the placing to be a lot higher, especially if the company forecast a sizeable profit for the second half of the year.
Looking forward to the next update.
scratch that its already going
look forward to the return
Chelsea, don't disagree with you, except AAAP is listed on the Main Market, not AIM.
Nothing against traders really chelsea, apart from some of the noisy annoying ones on bulletin boards. At least they provide some liquidity (MMs love them) and sometimes a cheaper buy in price but i do think the ratio of traders to investors on aim has skewed too much towards traders though.
GLTA
Bloodshot, therein lies the problem on AIM, investors not traders, lol. GL
Looks like the RTO process is continuing. Shares consolidated today and now withdrawn from the NEX trading platform.
We shouldn't have to wait too long before the next update.
Im sure well do ok. Many of us have been patient for long time now and reward is surely coming if patient for a bit longer. Im looking at 2 years plus to get the multiples were hoping for though so really this is an investors share not for traders.
For those who haven't seen it, the presentation from the new company is well worth reading:
http://www.aaaplc.com/media/Commando-Final-Presentation-20191001-01-Public-2.pdf
Doesn't surprise me with the consolidation taking place. Some brokers prevent trading once the record date is announced until the date of the consolidation.
I couldn't buy yesterday on Interactive Investors, but I could buy on Barclays.
I just typed aaap share price into google and it shows yesterday’s closing price as 8.2p and that we are currently minus 7.75p down on the day.
Has anyone else experience this? Was trying to top up
I hope nobody has any stop/limits on their shares. Not sure how it actually works in practice with a consolidation, but at today's share price, the bid/offer tomorrow will be 8.00p and 9.00p .
Bloodshot I’m hoping if it does suspend then when it does comes back as the new company the new contracts do follow immediately or shortly after so this will then be the catalyst to move this sp up a lot.
The sp will be so I’m guessing that shouldn’t be too far away now according to Mike’s statement so I’m going to invest more on that basis. Mike has £750.000 invested here so he must know what’s coming
Before the consolidation tomorrow
Not sure how it all works exactly. The consolidation of our AAAP shares is happening now though. Could the new shares be admitted for trading on Thursday and immediately suspended?
Not long to find out anyway.