Member Info for mitchoftheday

Overall I'm a bit disappointed with the way this has been communicated but there's a good story in here. Good news - Confirmation of Forestry divestment for 2015 - Gross margins are strong and should get stronger - If you look hard enough you can infer that current run rates are c£6m pa for the retail business and maybe £3m for the Forestry, so about £9m pa for 2015 (cf 1.7m for last year) - Retail developments on corporate uniform sales, retail catalogues, Asian buying operation - Certification on the way (3 months ish) and dried fruit production re-started in the meantime - Cash reserves Not so good - In specie dividend. It's not clear to me how this works. - Hard to follow business progress from the numbers provided. e.g.Can anyone explain the how the costs of sale in the forestry business changed so much year on year? - Slow release of report All JMO, of course

Can anyone with expertise in this area explain how a dividend in the form of an in specie share distribution would work? It's clearly a method for rewarding shareholders while retaining cash in the company. Do I just get more shares (but the same proportion) of the company, while the company has more cash assets? And what's the tax treatment of this distribution?

10th Jan 2013 actually... http://goo.gl/225gSG Like most of the Directors' Talk links, it doesn't credit the original author, and tries to pass old stuff off as current. Headline is still true though!

"They would be better in a casino" LOL, BBN. Can I add "Please DYOR. Other ways of losing money are available."

Good spot, Harry. I was wondering what was going on. You don't suppose a peer of the realm got wind of the results of the government review into tied pubs do you? Surely not...

Greetings VNETers. Big jump on the offer price at the death, after a couple of good-sized buys today. I wonder if there's some news in the offing.

http://www.agriterra-ltd.com/documents/AgiterrapresentationNovember2013.pdf

Of course! I understand that aspects of this business can't be hurried :-) But like OBT, I think AGTA's model of going for high value food crops, and extending the business down the value chain, is going to be a robust and profitable one. From the year end update it appeared that the beef business is established and has growth plans that I'd guess would make it profitable by 2015 at the latest. Was just wondering if there was any more clues about revenues and investment in the medium term. If not, could you say a bit more about what you found reassuring in the presentation? It's not available on the company website... Thanks!

Price movements this pm make it look like there's a big buy order in the background...

Thanks for the good news about that update yesterday. Any clues about either the next newsworthy milestone or timescale for turning a profit?