Ripley94
04 Feb 2018
Re: Strategy is working... Winnifrith has now posted another ramp on his blog ." Hurry " he posts.Be interesting how this one goes.
Ripley94
04 Feb 2018
Re: Strategy is working... Another reminder about this offer from Primary bid this morning .Guess there is not much take up ?But its only an extra fund raise likely a Primary Bid idea.
Ripley94
03 Feb 2018
Re: Strategy is working... Still open maybe that's why Winnifrith has updated his blog ramping it.Maybe he wanted more time to think about there own positions .Share price dropped to placing price after Tuesdays placing RNS.But big rise on the Wednesday to higher price then 24th / 25th when it was inside.They have reacted to that by going for more .Knowing it looks a bit better then the traditional placing offer.
Ripley94
03 Feb 2018
Re: Something more than the fertilizer smell... JakeNife that link is to a bible study site ???
Ripley94
03 Feb 2018
Re: Strategy is working... Not been lucky with Primary bid offers so was going to pass on this one.I did know its a winnifrith tip when i saw it yesterday.Surprised he appeared luke warm on his blog about it today.I have read company's only go to primary bid when they can not raise money in old way .Any views on that ?It appears to be on same terms as Beaufort placing on Thursday.Seems I'm gambling on weekends as well now . I am an addict !
KALAN
24 Oct 2017
Re: Strategy is working... Once again HPC - I like your recommendation and the chart suggests this one is riper for picking than SARE and FDI - a little pullback and a second higher low could have me buying here. Thanks for the tip.
HPC Follower
02 Oct 2017
Strategy is working... OBT, supported by today's Funding Update, have made a lot of good moves and changes over the last few years, cutting out the "non-core" and not profitable business, buying assets (businesses, equipment, land, forestry etc.) for strong, sustainable revenue growth in the foreseeable future once crops/trees reach maturity - so from now onwards.Broker's have indicated a target share price of 75p, and this doesn't look unreasonable to me. However, if the preferred share holders start converting to ordinary shares at 20p cost and then start selling these into the market to crystalize maximum profits, the market will need to be bullish to avoid a hit to other OBT shareholders. This is likely to be a few years away yet though...Even better, this will directly help the local communities in the countries OBT are invested - jobs, food and tax returns.
paraguay63
24 May 2017
Re: RNS:GAMECHANGER? Hopefully get this back over previous high, as they've drifted a little of late. Seems like a good bolt on.
middler2
24 May 2017
RNS:GAMECHANGER? This acquisition looks very exciting. No mention of business synergies but I can imagine they are huge with the option for both businesses latching onto the other's sales and production channel. Let's see what the market makes of it.
tallyfox
11 Apr 2017
Re: Something more than the fertilizer s... Hi,I agree that the structure is not straight forward but after speaking with them I feel that the funds raised are in the companies best interests. It is pretty similar to a farm out that resourse companies are so keen to do. I will be much re-assured if the HK investor takes up his allocation of £8m worth of shares at 20p each as he has done monthes of due diligence on theCo. Also the mgt do have substantial shareholdings which I always look for in a company.
Lichner
11 Apr 2017
Re: Something more than the fertilizer smell... he makes it sound as if Obtala are hiding something, but the corporate structure is clearly disclosed on their web site, together with the directors interests.
JakNife
10 Apr 2017
Something more than the fertilizer smells at Obtala [link]
forwardloop
05 Dec 2016
info [link] out the video interview as wellObtala’s forestry and farming business is on the road to profitability Share 15:27 05 Dec 2016Impetus comes from an oversubscribed funding which is supporting the Africa focussed forestry and farming business.In just two months Paul Dolan has effectively secured the financial future of forestry and farming specialist Obtala Ltd (LON:OBT) and placed the business on the road to profitability.He has done so by bringing in US$22.5mln via an oversubscribed preference share issue.Initially, Obtala will receive US$14.25mln, with Dolan, chairman Miles Pelham and the rest of the board contributing US$2.15mln to that total.A further US$5mln is awaiting sign-off by the investment committee of an Asia-based financial institution, while an existing financing deal has been unwound.WATCH: CEO gives hist take on the fundraise READ: The preference share deal in detailThe new investment was made directly into Obtala’s Argento business, which owns multiple 50-year concession leases over 312,465 hectares of natural hardwood forest in northern Mozambique.The first US$7.5mln will go towards acquiring land and building a saw mill in the town of Nampula, around 160km from the port of Nacala.Its 1,730 hectares of farmland in Tanzania, which produces multi-annual crops such as tomatoes, melon, sweet potatoes and seed maize, will also benefit with any funds raised above $7.5m available for expanding Agri production capacity.The plan, eventually, in Tanzania is to move to orchard-style produce such as mango, avocado, pineapple and banana, which would be shipped to Dubai by boat at far lower cost than the fruit currently flown into the emirate.It will take some time for the plan to (forgive the pun) to come to fruition as Orchard’s do not grow quickly; it could take up to five years to get the agricultural business running at full capacity.“The obvious thing is to get the forestry into production fast,” Dolan told Proactive Investors.“It is very clear the asset is there and the demand for the output is there. It’s now a case of putting the piece in the middle together, which is the production.”There is hiatus from January to the end of March where logging activities in Mozambique are closed down as part of the country’s sustainability programme.This provides Obtala with the time to get work on the saw mill well underway, if not enough time to complete it.“I’m not saying the saw mill will be up and fully operational by April 1, but the plan is to secure the land and get everything in place in the first half of 2017,” said Dolan.Crucially, there is a ready-market for the company’s output, which is expected to hit 50,000 cubic metres a year at full capacity.Obtala has sales channels of its own, and signed a joint-venture with a Hong Kong firm called Basic Materials.As there are three different hardwood classes, it is difficult to gauge the exact prices Obtala’s output will fetch; however, analysts said an average US$400-US$500 per cubic metre is not an unreasonable expectation, with prices near $1000 per cubic metre for best grades.In fact, it would be more than enough to pay a decent dividend to the pref shareholders, who will speak for 22.5% of Argento when fully vested.Dolan won’t be drawn on financial projections. All he will say is he expects Obtala to be cash flow positive in 2017, which is no mean feat.But endeavour in east Africa is about more than just profits.“We want to make a social impact; it is a powerful part of our story,” said Dolan.“For us, that is about education, job creation, and transferring our knowledge and skills.”This is happening at the moment, but Obtala’s imp
middler2
01 Dec 2016
RNS- massive Hi guys. the latest RNS puts a clear value of $100m on the forestry division alone. With Obtala owning 75% and having 273m shares in issue I make that around 22p for the forestry side alone! Please let me know if you think my maths is wrong.
HPC Follower
26 Oct 2016
CPI Status Awarded within Mozambique Forestry Update - Award of CPI RNS Highlights· Forestry subsidiary awarded Centro De Promocao de Investments (Investment Promotion Centre - CPI) status within Mozambique, conditional on $3 million phased investment plan· Exemption from VAT and customs duties chargeable on goods/machinery needed for production expansion for a five year period· IRPC (Corporation Tax) offsets for 5 fiscal years of up to 10% inward investment with further available allowances in those fiscal years relating to local training costs, public use building construction and cultural heritage protection · Freedom for repatriation of profits outside of Mozambique· Equitable compensation rights against assets being expropriated and arbitration through World Bank's International Centre for Settlement of Investment Disputes and/or ICC.Obtala Limited, the African focused agricultural and forestry company, is pleased to announce that its forestry subsidiary, Argento Mozambique Lda ("Argento"
, has been awarded CPI status by the Mozambican authorities entitling it to various tax benefits and protections in return for inward investment from the Company's subsidiary Argento Continental Corporation. CPI is a government institution with a mandate to attract and facilitate the establishment of private domestic and foreign direct investment in Mozambique. Companies operating under CPI status also have the advantage of non-tax benefits including insurance services specifically to offset investment risk, VAT exemption on domestic acquisitions, and importantly, legal protections and compensation against expropriation with international bodies.In order to satisfy qualification for CPI status Argento is required, amongst other things, to implement a phased investment plan of $3m over a 5 year period. If this investment were not made, CPI status would be revoked rather than this amount constituting a debt. This award covers all operations within Mozambique and allows Argento to apply for Industrial Free Zone (IFZ) status with Mozambique's Office for Accelerated Development Economic Areas (Gazeda). Gazeda established a duty free zone located in the district of Nacala, Nampula province in 2007 which services the export of our timber to international markets via Nacala Port. Achieving IFZ status in Nacala would lead to further enhanced tax incentives. The Company is in continued talks with investors regarding inward investment via the previously announced Argento Preference Share. Investor due diligence trips are scheduled to our African operations in November with regard to this matter. Miles Pelham, Chairman of Obtala commented "The award of CPI status by the Mozambican authorities is a highly significant and welcome development as we seek to bolster our production capabilities within the country. We anticipate that the forestry division will drive revenue expansion and as such CPI tax benefits should have material future impact on our bottom line. The exemption from VAT will reduce the level of Capex required to bring our Forestry assets into full production. This award underlines our already strong commitment to Mozambique. As well as providing inward investment we anticipate that our activities will have significant positive social impact through job creation, training and upskilling of local labour and a sustainable approach to forestry operations."
