Agriterra Ld Share News (AGTA)

UK shareholder meetings calendar - next 7 days

Agriterra shares tumble after grain sales slump widens interim loss

(Alliance News) - Agriterra Ltd shares sank nearly 20% on Friday after reporting disappointing sales across its Grain, Beef and Snax divisions.

IN BRIEF: Agriterra shares restored as finally posts annual results

Agriterra Ltd - company focused on investment and sustainable development in southern Africa - Shares are restored to trading following suspension in early October from the delay of publishing its financial 2023 results. In the financial year that ended March 31, pretax loss narrows to GBP2.2 million from GBP2.4 million. Revenue rises to GBP11.5 million from GBP10.3 million. Says revenue improved due to improvement of grain sales volumes to 17,819 tonnes from 17,094 tonnes, with demand for maize meal higher than previous year. Rising demand lifts prices, Agriterra noted. Looking ahead, says start of financial 2024 difficult due to lack of adequate working capital which affected the current year maize buying season.

IN BRIEF: FTSE Russell says five companies to be removed soon from AIM

(Alliance News) - FTSE Russell on Friday reports that the following five companies will be removed from the FTSE AIM All-Share Index next week Wednesday in the absence of an active market and in accordance with the suspension rule, as they have been suspended for 40 business days without indication of resumption.

TRADING UPDATES: Synthomer trading consistent with expectations

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

Agriterra agrees unsecured $1.7m term loan with major shareholder

(Sharecast News) - Africa-focussed agricultural company Agriterra announced an unsecured term loan agreement worth $1.7m on Wednesday, with its majority shareholder Magister Investments.

EARNINGS AND TRADING: Clean Invest reports interim loss and no revenue

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

IN BRIEF: Agriterra says annual report delayed on lack of resources

Agriterra Ltd - Guernsey-based agricultural investment company - Expects to report its 2023 Annual Report & Accounts for for the year ended March 31 in October. Says the delay in publishing the accounts is predominantly due to the impact of the recent restructuring of operations in Mozambique delaying the provision of certain audit information to the company's auditors in accordance with previously agreed timetables. Notes that though "substantially all of the information" has now been provided, the company's auditors no longer have sufficient resources and capacity to be allocated to the assignment and accordingly are not able to complete their work by the end of September. As a result the company's shares will be suspended from AIM with effect from October 2.

Agriterra secures USD2.9 million financing with major shareholder

(Alliance News) - Agriterra Ltd on Friday said it has inked a USD2.9 million trade finance package with its major shareholder, Magister Investments Ltd.

Agriterra inks trade finance deal with major shareholder

(Sharecast News) - African agricultural specialist Agriterra announced a trade finance deal with Magister Investments on Friday, which holds a 50.58% stake in the company.

IN BRIEF: Agriterra shares drop as subsidiary signs debt facility

Agriterra Ltd - Guernsey-based agricultural investment company - Says subsidiary Desenvolvemento E Comercializacao Agricola Ltda secures USD1.9 million debt facility from First Capital Bank SA to finance and support maize buying operations. Says interest rate on bank facility is 24%. Financed maize will be processed and sold by DECA from its facilities in Chimoio, Mozambique, into the local wholesale and retail markets.

Agriterra raises GBP200,000 to buy cattle for Mozbife division

(Alliance News) - Agriterra Ltd on Monday said it has raised GBP200,000 through a placing of 20.0 million shares at a price of 1 pence each.

Agriterra half-year loss widens amid fears of too little grain

(Alliance News) - Agriterra Ltd on Wednesday said its half-year loss and cost of sales widened, while it enters the second half of its financial 2023 with too little grain for the next harvest.

UK shareholder meetings calendar - next 7 days

TRADING UPDATES: Nostra revenue rises; Synergia eyes Cambay farm-out

(Alliance News) - The following is a round-up of updates by London-listed companies, issued last week and not separately reported by Alliance News: