Surging !!26 Jun 2015 12:30
we all hope so ,anyway it way oversold or should i say walked down,results anytime now and hopefully they will sort out this crazy low price.Hope they mention the bid talk.GL.
(OBT) Obtala Resources plc Independent / Evening Standard
Post Fri Jun 12, 2015 6:41 am
According to the London Evening Standard bidders are circling Obtala Resources plc LON:OBT retail division, African Home Stores. The 52 week low is 8 GBX while the 52 week high is currently 13 GBX. 178,329 shares had exchanged hands while the daily average sits at 1.86 million. The market cap is 23.80 million GBP.
Obtala Resources plc LON:OBT retail division, African Home Stores has 6 outlets, 5 of which are operational while the 6th is in the fitting out stage. The company provide outlets for farm, timber and branded products cutting out the middleman. Plans to roll out in Southern and Eastern Africa are in place where they already have a presence.
Obtala Resources plc invests in and develops natural resource assets with an African focus. The Company is works towards developing a vertically integrated trading platform with the emphasis on agriculture, food production and processing with projects in Tanzania, Mozambique and Lesotho. Obtala also has substantial natural forest timber concessions in Mozambique where it operates a sustainable, business model. The Company offers sauces, such as spicy mango sauce, tomato ketchup, hot pili pili, and garlic and chili; sun-dried tomatoes; dried fruits; food processing, and Timber. The Company’s investment business includes Paragon Diamonds Limited, which holds a number of hard rock and alluvial assets within Sub-Saharan Africa.
Obtala Resources jumped 2.12p to 10.75p on AIM, amid rumours that private equity has been sniffing around. Word in the City is that the Africa-focused company, which does everything from forestry to flogging iPhones in Lesotho, has received an approach at 23p a share. Forestry fund Moringa is the name in the frame.
http://www.independent.co.uk/news/business/sharewatch/market-report-smith-and-nephew-takeover-in-critical-condition-10083756.html
Keep an eye on Obtala Resources. The rumour is the African-focused company, which does everything from forestry to sell iPhones in Lesotho, has received two bid approaches in recent weeks. Shares dipped 0.12p to 10p.
http://www.standard.co.uk/business/markets/market-report-lses-largest-shareholder-borse-dubai-sells-entire-holding-10136149.html
And finally, AIM-listed Obtala Resources — an agricultural and timber company — fell 0.5p to 9.25p despite talk that bidders are circling its retail division, African Home Stores.
http://www.standard.co.uk/business/markets/market-report-vodafone-soars-as-city-stokes-hopes-for-successful-liberty-takeover-10269825.html