Obtala Ltd (OBT)

 
Obtala Resources Plc: The Times They Are A-Changin’

By Hybridan | 22/10/2015

Obtala Resources to some looks like your average run of the mill mining company on AIM. This couldn’t be further from the truth as upon closer inspection one can find a fully functioning vertically integrated agribusiness, timber and retail business. Kevin Milne, Executive Deputy Chairman was appointed to the Board in August 2015 as part of a wider push to strengthen the management team and to refocus the business going forward. The interim results announced in September portrayed a strong platform for growth reporting revenues of £2.3m, net profit of £3.02m with net assets of £95.8m. The company’s three core businesses cover farming, retail and timber and are purely focused on Africa which is set to take advantage of the continent’s unprecedented rates of growth fuelling growth in domestic consumer demand. The farming division operates a “seed to fork” strategy from horticulture to branded product ranges including dried fruit and chilli based sauces taking advantage of the whole value chain in food production. In Tanzania, 530 Ha are held under long lease agreements with 80 Ha currently cultivated with up to four crops per year per hectare. Earlier this year Obtala received the internationally recognised farm GLOBALG.A.P certification which allows them to overcome significant barriers to entry with many international food groups. GLOBAL.G.A.P is the internationally recognised standard for farm production which will support the company in broadening their partnerships with various trade partners as they look to develop more land. The retail division looks to capitalise on Africa’s emerging middle class, grown to some 400 million people. Six multi product department stores are currently operating in Lesotho with further in-country expansion planned for additional three to four units over the next 12 months. The division is well established and currently embarking on further improvements with enhancements to their ordering systems, stock management and cost control. There is future scope to roll out in Southern and East Africa where Obtala has an already existing presence. Under the company’s recent strategic review, there is a proposed spin out of their forestry division to be quoted on AIM. Africa accounts for 17% of Global forest cover but only 4% of global round wood and less than 2% of global sawn wood production. The company is, subject to local Government approval, completing the acquisition of 50 year leases for two new timber concessions totalling 35,000 Ha in Mozambique to bring the total forestry area to 314,965 Ha. Honour Capital prepared a valuation report in June 2014 which attributed a NPV to Obtala’s timber business of US$161m at a 12% discount based on a ten year cash flow model. The 2014 valuation was based on eleven concessions with a total land area of 279,965 Ha. This puts Obtala in a strong position to become a leading supplier in a market that is facing increasing global demand for high quality timber with new suppliers being curtailed by strict environmental and conservation laws. Obtala Resources has successfully repositioned itself as a socially responsible company which is debt free and diversified both geographically and by sector. It is trading at a deep discount to NAV and we believe the current management team in place are executing a strategy which will bring rapid improvements in the operational performance of their portfolio.

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Holding(s) in Company

RNS Number: 4289N Obtala Limited 08 August 2017 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES i 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii OBTALA LTD 2 Reason for the notification (please tick the appropriate box or boxes): An acquisition or disposal of voting rights An acquisition or d...

Obtala shareholders pass all resolutions of AGM

Obtala has confirmed that all resolutions were passed by shareholders at today's Annual General Meeting. At 1:53pm: (LON...

Result of AGM

RNS Number: 1829N Obtala Limited 04 August 2017 4 Aug 2017 Obtala Limited ("Obtala", the "Group" or the "Company") (AIM: OBT) Results of Annual General Meeting Obtala Limited (AIM: OBT), the African focused agricultural and forestry company, is pleased to announce that all resolutions put to shareholders at its Annual General Meeting held earlier today...

Holding(s) in Company

RNS Number: 6405M Obtala Limited 31 July 2017 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES i 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii OBTALA RESOURCES 2 Reason for the notification (please tick the appropriate box or boxes): An acquisition or disposal of voting rights YES An acqu...

Q2 2017 Quarterly Business Update

RNS Number: 4394L Obtala Limited 19 July 2017 19 July 2017 Obtala Limited ("Obtala", the "Group" or the "Company") (AIM: OBT) Q2 2017 Quarterly Business Update Completion of $14.6m WoodBois acquisition, incl. c.$15m per annum trading business and 96,851 hectare concession in Gabon with 42,000m3 capacity sawmill Completed purchase and commenced con...

Director/PDMR Shareholding

RNS Number: 1793K Obtala Limited 05 July 2017 Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Adele Jessica Cynthia Engie Camus-Demarche 2 Reason for the notification a)...

Additional Share Option Awards / Director dealing

RNS Number: 1307K Obtala Limited 05 July 2017 05 July 2017 Obtala Limited ("Obtala", the "Group" or the "Company") (AIM: OBT) Additional Share Option Awards/Director dealing Obtala Limited (AIM:OBT), the African focused agricultural and forestry company, is pleased to provide the following update. Share Option Awards The Company has approved the ...

Further re Issue of Equity and Warrants

RNS Number: 0869K Obtala Limited 04 July 2017 04 Jul 2017 Obtala Limited ("Obtala", the "Group" or the "Company") (AIM: OBT) Further re Issue of Equity and Warrants Further to the announcement of 2 May 2017, Obtala Limited (AIM: OBT), the African focused agricultural and forestry company, announces that the cash subscription proceeds in respect of th...

Obtala Resources Limited Research

hardman & co
Obtala Resources Limited
05/06/2017
Under new leadership and strengthened operational management, Obtala Ltd, the African agricultural and forestry business, is setting about commercialising the substantially untapped potential of its...

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