loan
provisions.....? draw down on the load of $8million
Re: how far can this go bad luck mate. I feel for you. With you there but I bought some on open market too so my average became .20 ...I got lucky. Hope it gets back to your beak even.
Re: Sold @ 282 and here is me just buying in again earlier with a tradeplan when I was out. My view on TLPR is short term hold for a profit but secretly hope for a takeover. Anyhow, ICAP bringing the price here down today?. Read this just now, Interdealer broker ICAP dropped after first-half revenues, profits and earnings fell short of most analyst expectations. The company also said it was in discussions to combine its shipping business with broking house Howe Robinson Group.
7.81% Up ? Does anybody know what going on today ?
Re: Analysis Vincent - OK. That's interesting. I've seen no research that looks that far ahead. But it makes sense to do so because in an agricultural business like this the progression of young trees towards maturity is a vital part of the organic growth of the business. I've seen a recent note from Librium Which looks 2.5 years ahead and is very gloomy. But I think you are on the right track looking further down the line. In 2013-14 ACHL produced 197.5k tonnes. Of that 124k was winter oranges from Xinfeng, and approx 74k a mix of summer and winter oranges from Hepu.Your view is that between 2014 - 2021 production will increase sharply:Hepu 74k to 125kXinfeng 124k to 175kHunan 0k to 175k Are these predictions based on calculations re. tree maturity etc? Or on better science/weather? Orange prices have been weak in China, because production has been rising. Do you think that will continue?What is your view on the concentrate business? DO you see volumes getting back to 60k+ tonnes and margins recovering?I agree that this company is incredibly cheap at these levels, and there is a real chance of a 10x appreciation. I'm not disagreeing with your figures. Just interested to know how you arrived at them.
Re: Churn - From the amount of time you spend on this Board you must be fully retired now!
Seller seems to have finished. All buys now. Just need some volume to force this share price up. I can see no reason to sell at anything below 5p for any current holder given the dynamics of profit and the events that are pending in the near term. MWA will be driven by fundamentals, commodity values and near term company changing events.
Analysis Current mkt cap @ 46.5p sp is £18.6m. Selling the production assets (held in a subsidiary) for $50m (there may be variations from this, but shouldn't be much). This will eliminate the current $7.5m loans, leaving ~£26m net cash in the company, approximately 50% more than the company's mkt cap. $50m looks to be a reasonable price for the asset once you include decommissioning costs.Additionally, they retain 2 undeveloped Colombian assets with proved reserves of 43mmbbls, partially farmed out for development. Worth somwehere between $1bn and nothing. Could probably sell now for ~$30m. So my risked valuation of the company now is ~100p.There may be tax due on the sale, I don't know Colombian tax law on a capital disposal; the UK tax cannot be offset by the operating losses, but are likely to be offsettable against other capital investments.There is unlikely to be a special dividend (or possibly one of something like ~3p as a sop to shareholders) as the money is needed for development of the retained assets. As such, this becomes a funded play on those assets, they have a higher than average chance of being developable so I put this as essentially an evens bet. A good bet for those who like a gamble, downside is less than 50p per share, upside is at least 200p. Most gamblers would like those odds. But it'll take years for the bet to come in, and in the meantime the price could drift anywhere. As such, this is one to watch, but not invest in just now.Good luck to existing holders.
Re: Trades Thanks Whitestallion,Unfortunately looks like I was only viewing first 25 trades so missed the big one!
How come this is doing so well when so many better gold miners are still in the starting blocks?
GL all
will be keeping a close eye
Re: Wakey Wakey ! BUY GED Unless there are unforeseen delays I would say the market has 6-7 more trading days to wake up to this, else there is going to be one almighty mark-up the morning of the RNS.
Re: Why positive on here? LG, sold out earlier for costs loss only and just bought into TLPR again My Jimmy shares doing choo choo for now - lol
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