Re: Final Results Its true, NEX is the best place for this stock, it makes retail investors think twice before buying. This should never have been on AIM in the first place. I wonder if AIM had any influence on this ie did Afriag go willingly or were they pushedI dont remember the name of the company, but it was rumoured that Afriag had a merger. A poster pulled It from an employee of said other company having a comment on his linkedin profile. Didnt AIM suggest it should have been a reverse takeover? The company said it wasnt a reverse takeover, but the company have taken on many of 'said companys' employees. Didnt I just read in the financials that there had been a consolidation?£11k for salaries for employees? Thats oddc£42k profit for Afriag Global? Two years deferred salaries for x3 directors? What happens when they want paying. Take it in shares?There is a good reason for this being on NEX and it isnt for retail shareholders benefitThere are so many questions here, so much not being told
Re: Final Results still making an operational loss though but thanks for results posting.
Final Results [link]
AfriAgMarketing -Website New website as tweeted by DL,[link]
Re: Anglo African Agriculture (AAAP) A good RNS today,Highlights:Revenue increases by 53% to South African R10.64 million in food manufacturing for Q1 Y/E 2017 vs Q1 Y/E 2016 (101% on a GBP basis).Tonnage of food flavourings increased by 6% to 303 tonnes Q1 2017 vs Q1 2016.Production capacity now more than tripled at AAAP?s South African spices manufacturing facility with installation of new milling equipment.Strong customer demand continues to exceed factory output.New spice product ranges launched in 2017 gathering traction.So who is shifting all this tonnage of spices? A pure speculative guess. AfriAgYB
Anglo African Agriculture (AAAP) A good RNS from AAAP this morning. It does beg the question, which Company will have the contract for shifting over 1000 tons of spices and has the logistics to do it?AAAP wins significant supply contract for major South African food manufacturerAnglo African Agriculture plc (LSE: AAAP), the London Main board listed food manufacturing and distribution company, is pleased to announce that its wholly owned spice manufacturing business, Dynamic Intertrade, has been awarded a significant contract to supply a custom blended spice product to a leading South African food manufacturer for the 2017 calendar year. The contract award calls for Dynamic Intertrade to supply up to 300 tonnes of specialty spices throughout the year. This order is subject to supply chain volumes from the purchaser.David Lenigas, the Company?s Chairman, commented:?This is a tremendous achievement for AAAP and a significant boost for the business as the Company moves in to the 2017 year. Our outstanding service over the past year to this particular blue chip customer, coupled with excellent quality controls and the fact that AAAP?s facilities are FSSC accredited cemented this achievement. This order now places the Company in a good position to exceed last financial year?s c.1,000 tonnes sold.?YB
South African Trade deal BEFORE Brexit [link]
AFRIAG I couldn't resist any longer not having AFRIAG in my portfolio. The AfriAg Interims published on 27th September 2016, a good read. The only downside, possibly, it is flying below the radar on the ISDX, now called the NEX Exchange.Directors, David Lenigas, Hamish Harris, Donald Strang and Anthony John Samaha.Four Divisions - AfriAg Global, International, Marketing and SA Limited. The Company will initially focus on opportunities in Europe, Africa and the Middle East but will consider possible opportunities anywhere in the world.On 15th August 2016, less than 2 months after the Brexit Referendum, the Company establishes a UK Fresh Foods Marketing Division ( The EU CAP and Common Fisheries will be kicked into touch )On 27th Sept 2016, the Company Interims stated:-Summary of Financial Results for the period: The Groups gross turnover has increased by over 264% to £1.422 million for the period (6 months ended 30June 2015 - £537,000) The Groups 40% owned AfriAg SAs gross turnover has increased by 240% to £4.430 million for the period (6months ended 30 June 2015 - £1.849 million) The Groups net profit after taxation for the period was £48,000 (6 months ended 30 June 2015 - £168,000 loss). The Groups current assets including cash of £172,000 at 30 June 2016 amounted to £1,063,000 (6 months ended30 June 2015: £977,000).David Lenigas, Executive Chairman of AfriAg Global, commented: "The start of 2016 has seen the business and itsinvestments grow substantially, indeed more than we could have anticipated. We see an even stronger second halfperformance in front of the us as we gear up for the very busy pre-Christmas period. Our customer base has spread farmore globally over the last 6 months, with regular airfreight shipments of food, not only around and within southernAfrica, but to the USA, Europe, the Middle East and Asia.And there's a lot more:.a very good website worth a peruse[link]
Re: Confirmation from Barclays That has really messed up the way they show my portfolio. They have shifted the holding into the "dead" area and got the price totally wrong! Instead of being valued at £1700 It reads £2,000.00. Big oops!
Re: The strategy from DL and while youre at it DL, stop pxssing about on twitter ask the BOD of Afriag to send us all a letter, or better still, a telex, and let us know what is happeningDo it the old fashioned way
The strategy from DL Proof that DL doesnt give a rats clacker about retail investors, when in a discussion on twitter re the non online trading facility of ISDX., re replied@Aim_Trading @JamesMason247 people need to do the old fashioned thing and call their broker.Hows about we really do the old fashioned thing. Buy from corner shops, the local butcher, baker and grow our own veggiesIf we need to buy we will only buy BritishAfrica can do its own thing, we will do without companies like Afriag Vanduzi ATM and CK. Hows about that for old fashionedAND all you women retail investors, if we got on with our housework there would be not time for losing money from 'not so sound' stocks on the AIM marketOld fashioned enough?Stupid man
DL on twitter wroteI recommend all those who don't margin trade call their brokers to work out how to trade on ISDX. Let me know. Ready to crank up things.Well I dont margin trade, I called my broker, and you can only trade over the phone with Barclays stockbrokersHow is that a good plan for getting other investors on board???????Who is going to bother getting on the phone and paying telephone commission charges to buy a stock like this. Its not like anyone is desperate to get in and grab a bagfulIts not shorters that are the problem, its the lack of transparency, the lack of news, the lack of any real evidence of an ongoing company that is going forwardWhat we have is a stream of other companies that dont have any visible link to Afriag, yet keep being brought up ie CK, ATM and a barrage of other companies with links to Mr Kajee and Mr RobillardTry a bit of truth, that would be a startProbably find out a bit down the road its all to do with some charity set up as a *Jackie O* trust. If it goes ok the charity gets it money but the beneficiaries get to keep any profits, tax free. Nice little tax exemption scheme
Confirmation from Barclays I spoke to Barclays this morning re my Afriag stock held in ISA and SIPP. Reply is belowFurther to our recent conversation I am happy to confirm that if Afriag do move onto the ISDX these can still be held in both your ISA and your SIPP. I can confirm that we are unable to trade stock on the ISDX via the online platform and any deals will need to be placed over the phone at the telephone commission rate.
Re: Drop on today's news. Not sure why the sp has dropped to such a low level. The only thing that has changed is that the listing has moved from one market to another. AFRI does not have to be on AIM to make commercial progress and if anyone continues to believe in the business then there is only the one market to trade the shares. We must not forget Leni and the two Directors have about 15%, all bought at well above 0.40p. Who knows they could start to mop up more at anything up to 0.20p
Re: Drop on today's news. they are only worth a buy at this level if you pots of cash, The potential has changed in as much as this company action has strengthened considerations that there are serious underlying issues. You dont have the CEO resign his position of Afriag Plc, not just from this Plc but all his AIM companies, and then have the Plc propose to delist from AIMIn my view this should be suspended until some clarification has been put outThe RNS was not good enough, it sought to say nothing has changed in the strategy. No one trusts this company now. Only a few months ago we were told that for the avoidance of doubt, we would continue to trade on AIM as well as ISDXI will hold, I dont leverage, it is real cash I have put up and I expect many are in the same positionAt this stage I will vote NO to the proposalIf anyone is looking at this with a view to buy, please be very wary. None of us yet know if this just been a bit of a ruse to collect some cash and buy a few trucks to replace some others. A bit of a pension pot builder for some directors and consultants?