Member Info for whl2

Told ya !

Am I correct in thinking that the 2020 results must be submitted by Wednesday 30th June ? I'm aware that the company has already posted a figure of 54kt sales for the year, but am keen to see cash position as of 31st December 2020. Or can they delay the figures till mid July and issue them with the latest trading update to end of June ?

Early July. Final results for 2020, but more importantly trading update for 2Q which will give a more current indication of growth this year.

Would have thought both were institution buys, can't believe a private investor can get 1.5 million shares in one go. Bodes well, would be even better if we get a mention in the Sunday papers. Share price up by 80% compared to three months ago and coming into their best quarters. Looking good for July update.

Yes, sorry, 100kt is definitely on. I think somewhere between 110 -120kt would be terrific.

It;s not quite that simple name_mike. 1Q sales are always low and Verde had the infrastructure in place to produce and sell those large figures. HMI's plant was really only completed last September so we are some way behind the Verde curve. Growth will still be good however.

In for the long haul Targa, looking for 40p in two years time. Seems reasonable as that amounts to a market cap of £75 million. Verde Agritech's market cap is currently £35 million. Even that would put us close to 20p per share.

I'm confident the pace of growth will be greater than you suggest swingy. If you compare Verde Agritechs last three years of sales they are, 30kt in 2018, 120kt in 2019 and 244kt in 2020. They were constantly increasing guidance targets during the past year and have indeed just upgraded their 2021 guidance figure by 10% after recording sales of 16.5kt for Q1 2021

I honestly believe we will upgrade to 100kt at some point this year - you can kiss the days of dirt cheap shares over. Glad I got the majority of mine sub 4p over the past year ( now 2M shares at average price 5.5p)

Yup. Only change from April RNS seems to be box 9 (Control of ownership) where Edwards family holdings row has been removed - no doubt smallanus and his friend ymca will have a suitable theory to stun us with.

Great post SmallJ, echoes my thoughts in yesterday's post. People seem to be really excited about the limestone project but are clearly not aware it could take 2/3 years to get up and running. I've been here for five years on the Arupua project and we're just past breakeven. (yes, I am aware of the COVID setback) Hopefully, next month will shed some light on the company's current progress. I'm not expecting great figures in last year's results, more the trading update that accompanies it. Hopefully, that should see an increase in targetted sales (which Verde Agritech did last year when they were reporting on a quartely basis) Either way, I can't seem to get too excited about the limestone project as to me, it is very early days and we should be focusing all our efforts on kpfertil sales.

On a more positive note, and apologies to David Burton if I have this wrong, twitter is suggesting a podcast by David's company TMSreach with HMI later this week or early next week. Onwards and upwards !

Hope they're not taking their eye of the ball re Arupua. Seems like a step backwards as we need an exploration programme then more infrastructure to build a plant for the limestone subsiduary. Would much rather they focused on Arupua for the next two years to get sales up to 200kt. Only time will tell if the limestone side comes good, hope it goes better than the Sergipe and Capela licences.

Trade not showing mike

Mark Heyhoe

I very much doubt that !

Yeah, have to agree. They have enough problems getting it off site and delivering it locally. That and the current annual sales mean it would not be economically viable to export. Add in the fact that Brazil imports 80% of its fertilisers and you would have to ask why would they bother about exporting.

All six trades at 20k, could be spread bets. Tried a dummy sell for 50k shares (as if!) and quoted 3.4 to sell despite scumbag's doom and gloom below. Still can't get on Harvest website today.

Yup, just filter the clown. No clearer indicator that we're making progress when the opposition starts posting ten to the dozen about events three years ago! I've made it clear several times on this thread that as a long term investor of over four years the company has made several mistakes in the past and lost large amounts of money. That cannot be changed and they have clearly learned from their mistakes. If turd boy is right then the company will fold in the next two years. I know who I'm betting on.

Maggot filtered, all this for a £6 million company in a multi billion pound market - did they murder his family, burn his house down ?

"Almost as important as the football is the increasing number of farmers that are now reneging on payments and to a large extent with the ruralist leaning governments backing who are encouraging suppliers of all types of agricultural supplies to extend payment terms in view of Covid"

Yeah, I remember Gary Lineker mentioning it on Match of the Day last week - Yawn

Think you'll find they have won the cup a record 13 times bopd. That's what happens when you always look for the negatives!