The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
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On NEX says this on SATI
All data delayed by up to 5 minutes........................
Not on Afri...............
SATI up +4.76% on HL
27/09/2018 15:38 67,433 0.1
OnTheDip........ REC
Notice KDNC has had two good days and good luck to them.........
Its AIM and timing makes all the difference :+)
Had a quick look at the Afri share price history think we were at this price March 2016................
Down on HL
Sad
Still stone fruit season kicks off soon, hope AfriAG calls on loads of sub contractors to assist...............
27/09/2018 12:10 1,000,000 0.08
27/09/2018 10:35 1,000,000 0.1
Well, the mkt has shown what it thinks of the results. If you are lucky enough to get a bid, at the current 'actual' price, the company is now worth £1.4m.
Time for the BS to stop David.
That's exactly the problem, DL's reputation unfortunately, in my opinion.
LGC seems to have bypassed this as they are picking up the Canadian investors, but it seems anything UK based many won't touch with a barge pole if DL is at the helm.
I'm constantly reading about disgruntled investors from the likes of REM (now Cadence I believe) on about DL's 'ramping' and you can sort of relate, although he does seem to have toned it down considerably over the last couple of years, there are still plenty of statements he makes that never materialise:
"Watch what I do with AFRI!" (Been waiting 4/5 years and still 'Jam tomorrow' and now all about Cannabis!)
The "Lickedy Split" move of exchange that was going to happen is AFRI didn't trade - This obviously never happened, however looking at Sativa maybe the exchange isn't the issue
Didn't he recently even say at the AGM that was attending by a couple of posters here that the first half results were looking really good and he was thinking about posting them early this year?!? (What happened to that?)
The fact that the books for the 40% owned SA element are still closed and such minute detail is given whilst posting astoninishgly low gross margins would now doubt scare off a lot of investors as well (especially, again, with DL's reputation!)
So it's now back to 'jam tomorrow' and most people waiting for an exit point, I'd imagine. I think even most, if not all, of long term investors must also be getting to that point now. How much longer should money be tied up here is the question, years on and SP at a all time low, where everyone will be sitting on losses.
Just seems crazy that this global logistics business that was going to become the next Lohnro now seems to have put all of it's eggs in the Cannabis market basket and we'll all be paying for that in the form of massive diltuion due to pathetic market cap here!
I see Sativa Investments have released their results this morning. As you would expect, they are currently loss making, with very little in revenues, but the startling difference between Sativa and AfriAg is that the market appears to hold them in much higher esteem.
Both are listed on NEX and both have net assets of circa £1.8m, but the mkt cap of the companies are widely different. Sativa has a mkt cap of £23m, whereas AfriAg has a mkt cap of £1.9m
Time to start delivering DL, because nobody is listening anymore.
For years now stuck on nex (waste of time imho ) no share brought by board members and the gross profit is a joke
If fuel prices rise like they have been since June the results won't be no better in the next update put my shares
In the bottom draw not worth selling as for the cannabis being pump no doubt he use that one to raise cash
(Not mine)
And the BOD have failed us again, no wonder his father is not a 3% shareholder....................
Perhaps the BOD should watch the dragons den for some tips on how to grow a company....................
Medical Cannabis being pumped now, still makes a change from the fish meat fruit and vegetables............
All a load of Marmite, the BOD got fingers in that many pies, shareholders interest at zero level...........
Dave L pumped on about blue chip contracts years back, and were still waiting..........
It is my belief that the BOD are an embarrassment on many fronts, will things ever change is the big question.
What a joke 1.5m t/0 and only £38k gross profit DL give it up for god sake
Not sure that I expected more.. steady-ish as she goes and yes 'jam tomorrow' as has been the story since DL took on AFRI. I guess expectations should be kept low for the second half, with something similar to last year.
Share price movement from here solely at the mercy of the medical cannabis news flow...
Still feel that a link with AAAP is there somewhere with it's main market listing.
I agree, very underwhelming.
I knew by reading the first paragraph that the numbers would be hidden much further down and would be disappointing.
I agree, zero progress has been made compared to growth last year as the first half revenues are down. The share price is at an all time low and then even if they do raise funds, if any of it results in further 'working capital' type of news then at this share price / market cap we'll all suffer further large dilution.
Unbelievable that we're how many years into this now and the SP is still where it is and today's results are going to do absolutely nothing to change that and now the focus is shifting to medicinal cannabis and more 'jam tomorrow'
So, in a nutshell zero progress has been made from the existing businesses. Sounding more and more like a jam tomorrow business.
We need some quick progress on the medical cannabis front if we are going to see any progress with the share price.
Very disappointing.
Looking forward to the H1 results in the next 48 hours or so...GLA
Confidence, collaboration and co-sharing: 3 Cs embodied in ...
Business Day-1 hour ago
South Africa is the largest recipient country of China's investment in Africa. ... He then announced a New Investment Initiative that aims at ...
Confidence, collaboration and co-sharing: 3 Cs embodied in economic and trade cooperation between China and SA
In his 2018 State of the Nation Address, President Ramaphosa said that “we will make a major push this year to encourage significant new investment in our country”. He then announced a New Investment Initiative that aims at attracting $100-billion of foreign investment in the next five years.
https://www.businesslive.co.za/bd/world/asia/2018-09-25-confidence-collaboration-and-co-sharing-3-cs-embodied-in-economic-and-trade-cooperation-between-china-and-sa/
Two hours ago......................
This will lead to stronger trade ties with countries and cities from across the world. We know the world owes us nothing and we have to make it easier for tourists and investors to visit our shores, while we build a globally competitive forward-looking Cape Town,” De Lille said.
https://citizen.co.za/news/south-africa/2013820/western-cape-hails-sas-new-visa-regime-as-step-in-right-direction/
Everyone needs to eat........................ :+)
In the early days researching, found Mr White's cottage down by the sea........... :+)