DJ Agriterra: Deca Facility Continues To Perform Strongly LONDON (Dow Jones)--Agriterra Ltd (AGTA.LN), the AIM listed company focussed on the agricultural sector in central and southern Africa, said Wednesday that operations at the main DECA facility at Chimoio continue to perform strongly with demand for product above average historical levels. MAIN FACTS: -Sales of processed maize meal for October and November totalled $2.5 million. -Demand for bran, the milling by-product used primarily for animal feed, is increasing weekly, both from local consumers and for export to Zimbabwe. -At the Compagri facility in the Tete Province, both buying and processing operations continue to be ramped up. -The export market for maize meal produced at Compagri is increasing and it is currently processing an order for 3,000 tonnes of grain and 1,000 tonnes of maize meal for Zimbabwe. -Maize meal deliveries to Zimbabwe are now being made and local sales are also increasing. -MOZBIFE - Cattle Ranching: The Vanduzi feedlot has started limited production with the first animals delivered for slaughter to the Beira abattoir last week. -Slaughter dress out weight percentages were between 58% and 63%, 10% above expected ratesl average sale price achieved per animal was more than $900. -Demand for quality beef on the local market continues to significantly exceed supply and the Company is aggressively expanding its feedlot operation to help meet this demand. -Maize planting is underway on 200 hectares of recently cleared land to supply feed to the feedlot. -Negotiations with abattoir suppliers based in Holland are underway in order to secure the Company's own slaughtering facilities. -Further feed pens are under construction and bush clearing programmes are progressing well. -The Dombe and Mavonde ranches have recorded 238 calves born in recent months with more expected and all cattle are regarded as being in exceptionally good condition. -Scaling up buying operations of Beefmaster cattle with a target herd size of 10,000 head. -Shares at 0910 GMT up 3.25 pence, or 11%, at 3.25 pence valuing the company at GBP22.53 million. -By Ian Walker, Dow Jones Newswires; 44-20-7842-9296; ian.walker@dowjones.com (END) Dow Jones Newswires December 08, 2010 04:11 ET (09:11 GMT)
http://www.hemscott.com/news/static/rna/item.do?newsId=124715112880371
At end of month, decent buying today and this rise is just the start imo.
lp 3.75 - 3.85p.
lp 3.7 - 3.8p
Would certainly think we will be reaching 52wk high levels over the next few weeks. gl.
Think a re-rating is in order with continued rises.
wow
Auction again
lp 2.7 - 2.9p
2.7 - 2.7p
Mopping these up in 100k blocks.
lp 0.57 - 0.7p. all buys this morning. latest buys at near full ask of 0.69p.
at 0.6p now. gla.
Nice one, great entry price, imo.
We have seen significant upturn in our pipeline growth, our operational efficiency and the recognition of the value of our products to our customers. We are seeing increased volumes of repeat orders from existing clients where our solutions are designed in or specified as the standard solution, this is reducing our cost of sale. We have won major contracts already in 2010 that dwarf anything previously won and we have secured key international new business contracts for out counter terrorism, blast protection solutions. We believe that 2010 is a critical year for the business in terms of a tipping point as our Illuminex product portfolio begins to deliver significant revenue to the business and generates cash, along with the continued growth of our security blinds portfolio of products both in the UK and critically internationally. We have already seen our orders for 2010 in the first five months of the year almost exceed the whole of 2009.
lp 0.7 - 0.75p.
Hoping for increase in buying and gradual build up of sp in anticipation of results. More contract wins would do nicely as well. atb.