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as with all that money these are too cheap now - imo
Maybe. Alternative take, AGTA would have had to raise cash to pay for the drills to prove up this resource causing extensive dilution and probably wouldn't have seen any returns for many years. This way they get substantial cash up front which they can use to expand their core business. At the end of the day at this SP with that much seed capital and no need for any dilution they can't go far wrong.
On the 24th of Aug. Andrew Groves announced an oil estimate of 2.7 bln barrels of oil in Ethiopia. He pushed up the price, then on the 3rd Oct AGTA announces that they have sold out the 20% share for (oil) peanuts! I wonder how much they, the board ,have invested in Tallow oil, Africa oil Marathon Ethiopia and Marathon oil corp. This southern Ethiopian - Kenya oil deposit is believed to be an extension of the Saudi oil fields and the development has the Saudis worried.
hi carrot7, i,ll be getting in tommorrow early doors,i agree in 12 months it would be nice to see 6-7p range,no debt and cash available to expand quickly,alot of positivies good luck everyone.
hi guys. shep,i will be honest i bought into agta for the oil play,could of sold at profit when sp touched 5.20.bought in at 4.65. however have decided to keep hold for longer term as think could/will come good in time. maybe in 12-16 months time hope to see sp double at what it is now. having done a lot more research into agta and meneys coming in.it will give agta chance to expand lot quicker. SO for myself this compeny has grait prospects. good luck in what ever you decide, as its your choice mate.
yep spot on http://www.moneyweek.com/investment-advice/share-tips/right-side-share-tips-agriterra-60900
Ditto, just need to get rid of the rest of the oil speculators and this looks like it might have a good future.
With the current cash injection,and the market cap not refelected in the share price this looks very tempting,also the diversity and the quickly increasing cattle numbers gives greater appeal,one to keep an eye on,thoughts from holders please.
The report says Mozambique recorded the highest jump in maize prices at 113 percent, resulting from localized poor harvests, reported cyclones, and normal seasonal patterns, while Malawi’s 47 percent maize price hike is in part a reflection of high inflation. http://www.faceofmalawi.com/2012/09/maize-prices-up-47-since-bingu-wa-mutharikas-death/ Taken from a recent article
As mentioned above, due to the excellent harvest in Mozambique, we had an excellent buying season at our maize processing and trading business, with 34,000 tonnes of maize purchased through the out-grower programme, a 9,000 tonne increase on the comparable period in 2010. Commensurate with a strong harvest, the demand for processed meal in the first half of the year was, as envisaged, curtailed and therefore to ensure a positive pricing dynamic, maize stocks were retained in storage in anticipation of a stronger second half. Sales since the period end have accelerated, vindicating our strategy. The Group will continue to monitor its stock levels and pricing structure as early indications suggest that current strong demand may continue through the second half of this year and into next year.
Is this a confidence in African stability problem (giving the recent unpleasantness with Anglo Plats) or an AGTA issue?
sellers are still in evidence - imo
another interesting article - this one is from The Guardian - - - http://www.guardian.co.uk/global-development/2012/aug/31/economic-disaster-water-investors-africa-land
Interesting report from Oxfam - - - http://www.upi.com/Business_News/Energy-Resources/2012/10/04/African-land-grabs-are-out-of-control/UPI-54131349364080/
Sorry to disillusion you but Africa can never be equated to Asia. Have you ever lived here?
Good post. Recommended. I saw this as the perfect opportunity to get in.
This should get pushed up again now.
post highly recommended. cant argue with that mate.
In modern strategic supply chain management terms what AGTA have basically done is decided to focus on 'core business'. Hence the sale of the oil exploration interest which, I suspect, AGTA must know is unlikley to yeild oil (and if it does then they've provided for this by negotiating a further USD10m payment upon discovery). Stock markets are fickle - we all know that - and the share price has taken a knocking because of the announcement. Stock markets are often short sighted - we all know that too (eg: stop loss orders) - people often run for cover and sell up without taking the long term view. So ... let's take a moment and think long term. AGTA have decided to sell off the their oil exploration interests which, thus far, have yet to yeild oil. They will realise a significant boost to their balance sheet as a result and have provided for the post sale evantuality of oil being found by negotiating an additional cash payment. They have been open about how they plan to use the money to focus on core business and, possibly, on aquistions. AGTA are operating in an emerging market which looks set to provide excellent growth potential in the future. This is, quite simply, very astute strategic supply chain management thinking which the markets have completely mis-judged. I believe AGTA is an excellent long term investment and, at these prices, I will definately be topping up my holding significantly. As usual do your own research and, of course. Africa will be the next Asia. Best of luck.
Most investors were in here for the GBP 4.00 per share now let down.Energy and capital had an article on the African oil gusher by Nick Hodge guess all have taken their pennies to Tullow oil. Knowing African agriculture as I do the directors probably invested in Tullow and then raised a few bucks to keep the agric side afloat. They need to re-look at their chosen cattle breed for Africa
There was a one million buy order at 3.40 that has just gone through as a sell. They deffo seem to be bringing this one down in my view.
High mate yeah no telling markets, like you still think its way undervalued will have to be patient seems this share needs link to oil to generate interest????
how are you mate?. like you am disappointed with sp, as it is now way undervalue to mkt cap. should be double atleast. but will stick with agta for time being as think sp will go back up when people see how cheap this share is. ALL IMHO of corse. but good luck to all.
keep faith with this one as we all know its worth a lot more,it will rise at some point.
I thought they would have made 4p yesturday