Member Info for Tailender

That AGTA slid all the way to 1.50, making the company worth about the same as some small outfit working out of an industrial unit in Watford, for the market, who knoweth all things, clearly think the BOD to be a bunch of numpties. And the shareholders, who knew not, but had faith were grievous sad. Here endeth the lesson.

Invested here, but not heavily (i.e not enough to loose sleep). This share has taught me a lot. Henceforth I resolve, one, to foresake AIM shares - the movement in their SPs defy all logic. And two, I'm hanging on to the AGTA shares I've got. Not selling a single one. I can't believe this company will go bust, at worst someone will buy them out and they may even turn into a half decent business one day (I didn't say one day soon !), P.S. If the sp falls sub 1.50 will someone remind me, in the clearest terms allowed on a public forum such as this, NOT to top up again ?

Maybe a little dabble in east African oil wouldn't be a bad thing - might generate a bit more "go forward" that cocoa beans (lol).

Not invested here at the moment (but definitely looking hard) largely because of the negative sentiment that seems to surround this share at the moment. Not sure why. Share seems good value with market cap < equity, change of focus towards retail largely in place and the prospect of dividends. Surely some recovery of regional property values likely to accompany general uplift of UK economy mid term. In other words, fundamentals look good, but sp still looks like its drifting down short term. Interested to know what those of you invested long term make of all this.

Shareholders funds of approx £35m, very little debt and slowly moving towards profitability. Market cap a miserable £20m. Thought it was cheap when I first bought in at 2.5p. Topped up at 2.10p and still she goes down. Where is the bottom for AGTA.....any ideas ?? Do you think it will go under 1p and which point I will have a whip round down my local and buy the whole company !!

The step up in profits to £40m+ in 2013 suggests a likely upgrade in sp. Only real question is, was 2103 an exceptionally good year, a bit of a "one off", or is that level of profitability likely to be sustained over the coming years, in which case sp has to move up significantly ? In other words, can this keep this up ?

Hi Punkfeelinglucky. Well of course you could be entirely correct. My take on it is slightly different. Have been having another quick look through the interim results. Loss is reducing and the trend suggests breakeven sometime in early 2015. Enough cash ($8+) to keep us afloat for a wee while. Most of the infrastructure seems to be in place, infact I note the abatoir has spare capacity, so we just need the yields to start coming through, which obviously takes a little time. Don't know if they have any big capex projects in hand (new office block in Sierra Leone), but I did note the bit which said "to support the continued growth of the trading division, strategic partnerships are being assessed to leverage combined operational size and cost effiviencies", which suggests an alternative way forward. I guess a small placing can't be ruled out but not enough to damage existing shareholders value. All IMV, of course.

Down 2%, along with the rest of the market, no doubt in a funk over Ukraine. Reality is that this is about different ethnic groups with different political perspectives (i.e ethnic Russians in Crimea not happy about goings on in Kiev), Russia protecting it's military assets in the region from a new Ukrainian govt whose intent it neither understands nor trusts and the Americans/Brits making noises of disgust, which politically it has to. But as John Simpson said on the BBC last night, this isn't world war 3. Infact will the west really want to endanger global economic recovery? And more to the point, is any of this going to hit the profits of, say, a house builder in the South of England ?. Bottom line, lots of bargains over the next few days, just wish I was a bit more liquid. As far as OML is concerned, down 4p after more good figures last week, should really be marching onwards over £2. Didn't know we were big in the Crimea (thats irony, btw) GLA.

Thanks guys for the info. Sort of confirms my gut reaction that these are cheap ! Ta.

For some reason FPM has only recently appeared on my radar, but I note that the market cap is less than the shareholders equity, it has some interesting assets in the Norwegian segment of the North Sea but it's not just another hopeful exploration outfit....IT ACTUALLY HAS REVENUE AND PROFITS ! So why is SP down almost 20% over past 5 or 6 weeks ? Have done usual research and can't find any disasters about to happen, broker opinion generally positive. What am I missing, after all, we know the market price is a logical reflection of all the data available, isn't it !?!

Interims out any day now. Anyone here like to predict what the numbers will look like ?

Back over £8 - and about time too !!

Logically there is no reason why it should retrace as the fundamentals still make this a cheap share, so I hope this is just a bit of profit taking, possibly from people who had an automated sell instruction at £2. However, logci and value seem to count for little sometimes and I do worry that this share has moved between £1.40 and £2 for 3 or more years, so some people will just bottle it. HAVE COURAGE, still a buy at £2 (IMO !)

Todays Telegraph recons that Randgold is looking for acquisitions. Might we be in their list and how would others feel about that ? Personally I could live with that. Love PAF but lack of progress with sp is getting a bit frustrating

Oh, I get it...........we all wait until sp gets down to 40p then we fill our boots. Or are bread and cakes a thing of the past ? (not in my house !!)

Thanks for that post and good to see that the boss is starting to talk about dividends. Looking at the HI results, I recall we had an operating profit of $85m+? (call it 50m quid) Extrapolate that into a full year profit and it gives a p/e of 4.5ish. Then imagine the company gives back 25% of the profit as a dividend and we have a yield of almost 6%. OK, my calculations may be a bit crude and simplistic, but does suggest market has got this one wrong (not ramping just stating an opinion !)

Market cap <£40m, shareholders funds £59m. Debt low and single figure p/e and yet the sp looks like it could retrace all the way back to 50p, where it was early last summer. Why ???

Ah, that magical word..."Profit"... Now I'm a big fan of this share, but I am starting to wonder whether I'm holding them not for my children, but for the grandchildren I don't even have yet. Have the directors given any indication when we might actually start making money from the farming (as opposed to old oil assets) ? Infact is there any news in the offing which might start to shift the sp towards it's true value ? Interim results late Feb, would I be right in thinking ?

IMVHO the only problem with this share at the moment is negative sentiment about oil services generally. Petrofac is well down, Wood are being hammered, but in the mid term there are a lot of oil companies who are going to need companies like HTG as they try to find nad develop new supplies of oil around the world, onshore and off. What about Petroleum Geo Services, numbers going forward look OK but shares on the slide (DYOR, obviously). Trouble is, as the saying goes, markets can remain irrational longer than we can remain solvent.

What exactly do you mean by "previous" ? (with slandering anyone !!). What I see is a company who made $85m pre tax for first half of 2013 and a market cap of only £420m. Production likely to increase significantly in 2014. That's a p/e of what.....well not much ! Compare numbers with a "sexy" share like AMER, with a m cap of well over £600m. Personally, I don't get it, but then if we had the guy who has effed up English cricket (some would say, not me guv) as C of BD......... Enough ranting, Happy and prosperous new Year to all HOIL shareholders.