Member Info for optimist13

Deepsurvey1 - DL has stated that the company is now profitable but that they needed further funds to cover the increase in inventory levels to fulfil the increase in the orders. Whilst it is only a relatively small amount, I had hoped it would have been at a higher figure or that the company would obtain some debt funding. I feel sure the second quarter's production numbers, which finishes at the end of April, will be pretty impressive and show excellent growth.

The Board of Anglo African Agriculture plc (LSE: AAAP), the London Main board listed food manufacturing and trading company, today announces that it has raised approximately £120,250 (gross) (the “Subscription Amount”) by way of subscription of 18,500,000 new ordinary shares of 0.1p each (the “Subscription Shares”) at a price of 0.65p per Subscription Share. The Subscription Shares will rank pari passu with the existing ordinary shares. The Company has made application for admission of the Subscription Shares and it is expected that admission will become effective and that dealings in the Subscription Shares will commence at 8.00am on 4 May 2017. Following the issue of the Subscription Shares, the Company will have 206,983,954 shares in issue. The Subscription proceeds will be used to provide additional working capital, which will enable the Company to add additional ingredient stock in to the Dynamic Intertrade factory in order to meet growing demand for its products. David Lenigas, Non-Executive Chairman, commented: “We are pleased to have raised these funds from new investors, which will allow us to continue building momentum and develop our product offering”

Don't you just love the MM's. Pure manipulation of the share price IMHO. Showing buys as sells and then lowering the share price. Looks like they are hoping to accumulate some of the placing shares from impatient investors.

Must be some placing shares to be disposed of. You can currently buy at the bid price of 0.80p. Just added a few more to my collection. Given the resolutions that have just been passed at the AGM, I can see some sort of strategic announcement shortly, and I don't think it will be a placing. DL mentioned in his recent interview that he had interest in the company from the States and I wouldn't be surprised to see some sort of debt funding together with a tie-up with AfriAg Global. All IMHO, DYOR.

All resolutions passed. Expect news shortly IMHO. The Board of Anglo African Agriculture plc (LSE: AAAP), the London Main board listed food manufacturing and trading company, is pleased to announce that at the Company’s Annual General Meeting (“AGM”) held yesterday, all resolutions were dully passed. The following ordinary resolutions were passed: To receive and adopt the annual report and accounts To re-elect David Lenigas as a director To re-elect Robert Scott as a director To reappoint Jeffreys Henry LLP as auditors of the Company To authorise the directors to determine the auditors’ remuneration To approve the directors’ remuneration policy To approve the directors’ remuneration report To authorise the directors to allot Ordinary Shares in the capital of the Company up to a maximum nominal amount of £188,483.95 representing 100% of the Company’s issued ordinary share capital. The following special resolutions were passed: The disapplication of pre-emption rights for up to 188,483,950 Ordinary shares, representing 100% of the number of issued ordinary shares of the Company To amend the articles of association of the Company in order raise the group borrowing limit from two to three times the adjusted capital and reserves A full text of all resolutions can be found on the Company’s website (www.aaaplc.com/news) under Notice of AGM.

Buys going through as sells again. Let's see if DL makes any sort of statement this morning at the AGM.

on Monday. I wonder if DL will take the opportunity to give any sort of update.

DL sounded very confident on the future of AAAP and simply states that the company makes money has a great future and the main board listing in priceless. He states - " AAAP is going to be the vehicle for "Lonrho Mark 2"

Buys will be going through as sells at the moment. The MM's have opened up the spread, but you can buy for 0.82p which would show as a sell. Just had a little top-up.

Well worth listening to DL on his plans for the company. https://www.youtube.com/watch?v=hRL3nvz3ypc

I wonder if we are going to see another delayed buy later on. Mm's happy to take shares at the moment .

jaf1948, you can't be reading the posts if you think LTH's are not balanced in their views, just read the posts from this morning and yesterday. Very dangerous taking any advice from posters as you do not know what their agenda might be so best DYOR.

It would appear that our seller is not finished yet, with sells appearing after buys have gone through. Oh well, we will just have to wait for DL to release some further positive news to increase interest here. With the AGM on the 24th of this month, there may well be a further update on the business at that time.

Can't quite understand the drop in the share price to the current level following a very positive 1st Quarter update at the end of March. The business is growing very strongly and whilst DL has stated that additional stock is required to cope with the increasing demand, I do not see this being an issue for a company that is now profitable and growing strongly. Added further this morning as I see plenty of upside from this level.

Well, you can't buy any online now at the current ask. That ploy by the MM's hasn't worked.

The MM's may have marked the share down, but so far there have been 400k buys versus 78k sells since the release of the RNS.

that's what you have insurance for. These things happen and it does not change the fundamentals of the company or the worth of our 50% holding in EdS.

WOW...a delayed buy for 2.35m shares has just gone through.

A few buys have gone through on the NEX Exchange today: 07/04/2017 15:46 400,000 0.85 07/04/2017 13:36 200,000 0.85 07/04/2017 09:43 200,000 0.833

Looks like someone is offloading shares in blocks of 200k shares. Don't mind that as it give others the opportunity to add or take a stake at a very attractive price. Added further today and will look to add again next week if the share price remains at this level.