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https://www.investegate.co.uk/anglo-african-agriculture-plc--aaap-/prn/directorate-change/20210730070000P652D/
“I would like to thank David for being our Chairman over the last few years when the Company was looking for a significant deal. The last few years have not been easy as the Comarco RTO has taken significantly longer than anyone could have expected due to circumstances out of our control and Covid-19 has also caused numerous delays to complete the deal – probably 16 months. The good news is that the RTO is now close to the finish line and so it was time to make Board changes to reflect what the Company will look like in the future I have retaken the role of Non-executive Chairman in order to ensure a smooth transition.
I believe the RTO of Comarco Group will create significant value to the Shareholders of AAA both short term and long term and I also believe because the port is of such significant strategic importance, that there will be considerable interest from outside parties to work with us and before the Covid Pandemic started we had already seen this. There are also numerous avenues to grow the business to a much larger group of ports and marine services across Africa. How the future pans out will almost certainly mean that the Board may change in the future and as my objective is purely to restore and grow shareholder value, I am expecting that my role could change in a relatively short period after the RTO completes and travel restrictions are eased as the pandemic comes under control.
AAA is now entering a very exciting time and I look forward to the future with enthusiasm."
Encouraging news.
Nm
Ah well...we get there in the end.
AGAplc(AAAP) active on twitter again this morning.
And the two question marks were supposed to be a smiley..
Not doing well are we : )
And to correct myself, its berth not birth ??
Hi Bloodshot, you are correct. It is indeed $1.87m per month.
The way I heard it thats around $1.8 million 'per month' from a new deepwater birth, not per year and thats just in our own port. Also they have ambitions to take over/run other ports around Africa and turn us into a pan African business operating around the continent.
Then theres all the future business to come from the big multi billion gas projects there.
Massive upside for a tiny company.
Anglo African Agriculture (AAAP).
Worthy of some research for those who dont know this company, presently with a tiny £1 million pound market cap, soon to be much bigger and a very promising future as Agulhas Group Africa.
Further news coverage:
https://www.valuethemarkets.com/2021/06/30/anglo-african-agriculture-heads-towards-powerful-transformation/
Part of the interview talks about adding a deep water berth at the Port. Using the figures given by Simon, it would equate to an additional $1.87m profit per year. Not sure what the capital cost would be to site the berth, but the pay back should be relatively quick.
New interview. Sounding very positive.
https://twitter.com/StockBoxMedia/status/1410173846032982016
https://twitter.com/AGA_Plc/status/1409849676770185221#AGA #AAAP @ComarcoGroup
?????????????? ????????????????????
The @ComarcoGroup
recently loaded and transported industrial scale cranes to Lamu on behalf of Kenya Ports Authority
#Transport #Marine #PortFacilities #Vessels #Cargo
https://buff.ly/3lBC8lD
By the person who bought 82538 shares yesterday and sold today. Lost £600. Unbelievable.
RTO news coming soon?
Looking lively
Now up 8.7%. Hopefully this is the start of the re-rate.
Someone loading up
Over the ask paid.......
https://twitter.com/AGA_Plc/status/1407275436443373569
#AGA #AAAP
???????????????????????????? & ?????????????????????? ??????????
Presidents of Kenya & Tanzania sign $1.1bn pipeline plan to export gas to Mombasa
Comarco port positioned to commercially benefit
#Transport #Marine #PortFacilities #Vessels #Cargo
https://buff.ly/3y6K5Fp
New StockBox interview with Simon Phillips and Rob Scott:
https://www.pscp.tv/w/1djGXqQZRqNJZ
While not essential, the Total LNG project certainly has great potential for AAAP long term – and we all know a long term view is essential for anyone investing in Africa. This is a useful overview of the current state of play in the northern Mozambique region and gives some hope for a more stable “jaw-jaw not war-war” approach : https://allafrica.com/stories/202105311102.html
Shame really..looks like a great opportunity to invest at this price but can understand some have lost patience. I hope theyre really pushing hard to get this over the line soon so AGA can start expanding the business.
Havent heard from big mj recently..would be good to hear his views.
You have a good point. Looks like still have the rto and despite delays I think the gas project is just too important for the area and will eventually go ahead once security is seriously beefed up.
Its a hold for me.
Hi Bloodshot, I am disappointed by the further delay to the RTO and the reduced growth opportunity as a result of the hold up to the Mozambique LNG Project. However, there are still considerable opportunities for Comarco and our investment seems pretty secure against the land assets at the Port.
If anything, the current market value of the Comarco business may have diminished slightly which could be good news for AAAP shareholders in the longer term.
AAAP just needs to minimise all expenditure until they get the RTO across the line.
Any thoughts optimist13, bigmj?