Member Info for bopd

Guess what Slift if you had been here earlier you will know that i enquired thru Agracerrado about the possibility of buying KP Fertil. Agrocerrado were about the best thing that happened to HMI, they were professional ,provided all info requested and analysis to my agronomist ( considered one of the best in Brasil) if you checked back you will see all his credentials.
Apart from the fact that Agrocerrado said HMI were not prepared to deliver to Parana state my agronomist determined that the product in terms of mineral content was not economically a good choice.
I reported all this with detail a few years back when i was very much in favour of using an enviromental friendly product on my farm. We have since further developed that policy.
After HMI and Agrocerrado parted company my farm manager has been unable to get any sensible information about HMI's announcement that they were enlarging their distribution network.
As previously stated last week many farms have now closed their gates to outside deliveries for everything but essential food supplies in order to protect their employees from the rampant Covid epidemic ( one dead every 50 secs last week )
Get out of your bubbles

No HSBC buy
Only thing soaring in Brazil is Covid
Most farms shut

Sorry i can t give you a link because it appeared under the HMI ticker on Interactive Brokers site.
If you have access to I.Brokers search HMI ,on the right of the drop down page you will see Reuters report.
Its compared with 4 other peer companies and is the most negative

On 7 th March Reuters published their Negative Outlook report
HMI was 1 of 98 stocks that was awarded their lowest score of 1

jcookec

Just about anything

To answer:
There is no official restriction on food and essential supplies entering farms however like ourselves many farms are self imposing due to the pathetic efforts of the government.
My farm and many around here have started a lockdown .
We are coordinating delivery of food supplies to an absolute minimum. We certainly would not entertain bringing fertilizers in ,this is non essential in the short term.
IWhilst the government is still in denial most individual companies and people are now taking extreme precautions.
This is an horrendous pandemic in Brazil

Hi Whl2
just addressing one of your comments;
You are correct agriculture is considered essential and therefore restrictions are not enforced but like ourselves many farms are taking strict precautions because now there is genuine fear. We want to protect our employees as much as possible because treatment after the event or hospitilisation is a non starter. There are no well equipped hospitals outside of the cities and most of those are overloaded. We are not permitting ANY outsiders onto the farm for whatever reason.
Again i cannot speak for the Minais Gerais actions .
Perhaps HMI could offer some reassurance

Production may become a problem
My farm manager in Parana state has just advised me that the farm is now under lockdown as from last midnight. No one allowed on or off the farm
Parana is quite a bit south of MG and i am not sure of the situation there. Each individual governor is now acting independently of the federation.
The situation is critical ; 2000 + deaths per day.

I can see the next excuse coming but unfortunately it might be a genuine reason
Covid here has now reached unprecedented levels even in areas previously untouched
One death every 50 seconds throughout the country last Thursday
Bolsanaro now declared a threat to world health

Yes and the forecast was pitiful compared with Guidance 3 years ago

Share price will not go up no matter what jurisdiction unless revenue in the bank goes up, not just invoiced which is always dubious here

Slight it does not matter where the stock is listed

What matters is where the sales take place to generate the revenue
One thing that everyone here tends to agree with is that HMI have been a catastrophic failure in obtaining significant sales

The majority of Brazilian farmers and Brazilians in general from the President down couldn't give a flying fu-- about green issues and the environment as witnessed by the massive deforestation and destruction of the cerrado itself.
Money is the driving force
Green credentials are not a consideration it's the price of the product that will drive sales

But they consistently say they base their sales price on US$ and convert. if this is the case then the real amount has increased by +/- 9%
Other suppliers have not increased prices
If HMI do not increase surely this will effect their bottom line when the report in GBP

HMI has its roots in Australia,is listed in UK based its sales price by converting from US $ to Br Real

Given this can anyone explain how the recent crash of the real against all major currencies (only worse than Somalia against the $) will effect the companies bottom line

I've asked similar exchange questions in the past without receiving any informed responses
.
Surely if they maintain the principle of using a $ base for sales they will not be competitive.

There has been a 9% shift in the real

Hi Targa
2 points :
1. yes you my get awarded costs when the whole deal is settled
2. By Brasilian law lawyers costs in civil cases are capped. In theory this should be a good thing but in reality you dont get good representation unless you pay extra. Suffice it to say costs are awarded only on the legislated amount and you have to swallow the more significant amount.
One of my cases ,which i have won at every turn is now in its 9th year. it can take more than a year to get an appeal heard let alone judged upon.
It does depend on state but Minais G is not known to be quick

As predicted Agrecerrado are appealing the court finding. As is normal, despite the rights and wrongs this will drag on for years.
i have had so many rulings in my favour but yet to see a real . HMI will waste another small fortune in legal fees

whl2 you would have made a massive financial mistake if you had followed Mcmasters last HMI share purchase when it was 18p.
Good luck on following that principle

Quisad, exactly my point

What else can be funneled thru Triunfo given the opportunity

This is brasil !

Nothing is going to change. The company has been misleading the shareholders since the initial placing. They seem to have no direction and an even less idea of how business works here in Brasil. Just look at the Geociclo fiasco and the Agrocerrado debt that they have been forced to take legal action to attempt to reclaim....good luck with achieving that it any acceptable time frame. Its obvious that they do not understand how to run this business otherwise they would not continue to make unfounded claims on production, revenues and time frames unless of course they are purposely misleading the shareholders.
The tax man will also be knocking soon

I cant guess at guisad's motives but he provides some detailed information which is at times relevant and is useful considering the reluctance of the company to keep its investors informed.
His posts also act as a counter to all the unashamed rampers that pop up periodically .
If i had paid more intention to his posts i probably wouldnt be stuck in here with stock purchased at 9.65
Some posters recommending purchase now were saying the same thing a few years ago when the price was 18.
Let the buyer beware