(OGN) Origin Enterprises
Summary
|
|
|||||||||||||||||||||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||||||||||||||||
| Headline | Source | ||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
|||||||||||||||||||||||||||||||||||||||||
| 16-01-12 | RNS |
||||||||||||||||||||||||||||||||||||||||
|
RNS Number : 5736V Origin Enterprises Plc 16 January 2012
16 January 2012
Rebranding of UK agronomy services business Origin Enterprises plc ('Origin' or 'the Group') is pleased to announce the combining of the Group's UK agronomy services businesses, Masstock and UAP under a new identity - Agrii.
Agrii communicates clearly and simply the focus of the business which is to deliver superior agri-intelligence and innovation to UK farming based around the essential components that underpin and maximise sustainable crop yield and profitability.
Agrii signifies the strong relationship that exists between agronomist and farmer along with the delivery of Agrii's 'Agronomy Plus' proposition which combines the most up-to-date agronomy capability, crop technology and complementary expertise in specialist areas.
Commenting on the announcement, Origin Chief Executive Officer Tom O'Mahony said:
"Agrii represents a key milestone in bringing together two of the UK's leading agri-service organisations onto a single platform.
Agrii expresses the essential attributes of our agronomy services business; a commitment to research based agri-intelligence, the expertise of the agronomist and the increased power of individuals working together for the benefit of farmers.
Agrii also distinctively reflects the strength of the Group's market position, combining the benefit of scale with an enhanced technology services capability in smart agriculture solutions and sustainable crop technologies to meet the needs of an increasingly professionalised and automated farming sector."
ENDS
For further information on the launch of Agrii please visit www.originenterprises.com
Enquiries: Murray Consultants Joe Murray Tel: +353 1 498 0300
Joe Heron Tel: +353 1 498 0300 Mob: +353 87 6909735
About Origin Enterprises plc Origin Enterprises plc is a focused Agri-Services group providing on-farm integrated agronomy advice and the supply of agri-inputs. The Group also has associate and joint venture interests in consumer foods and marine proteins and oils. The Agri-Services business through its manufacturing and distribution operations in Ireland, the United Kingdom and Poland has leading market positions in the supply of specialist agronomy services, crop nutrition and feed ingredients. The Group is listed on the ESM and AIM markets of the Irish and London Stock Exchanges. ESM ticker symbol: OIZ AIM ticker symbol: OGN
Website: www.originenterprises.com
This information is provided by RNS The company news service from the London Stock Exchange More |
|||||||||||||||||||||||||||||||||||||||||
| 21-11-11 | RNS |
||||||||||||||||||||||||||||||||||||||||
|
RNS Number : 4836S Origin Enterprises Plc 21 November 2011 Company Name: Origin Enterprises plc Headline: Annual General Meeting
Origin Enterprises plc
Annual General Meeting 21 November 2011
Origin Enterprises plc ("Origin") announces that, at the Annual General Meeting held earlier today all eight resolutions proposed were passed.
Mr. Hugh James McCutcheon, age 57 years, formerly head of corporate finance at Davy, was appointed to the Board. Mr. McCutcheon holds 32,000 shares in Origin and 1,500 shares in ARYZTA AG. There is no further information to be disclosed under Schedule Two (g) and Rule 17 of the AIM and ESM Rules respectively.
The full text of the resolutions can be found in the Notice of the Annual General Meeting, copies of which are available to view, and download, from the Company's website at www.originenterprises.com.
ENDS
Enquiries:
Mr. Pat Morrissey +353 1 612 1259 Company Secretary Origin Enterprises plc
About Origin Enterprises plc Origin Enterprises plc is a focused Agri-Services group providing on-farm integrated agronomy advice and the supply of agri-inputs. The Group also has associate and joint venture interests in consumer foods and marine proteins and oils. The Agri-Services business through its manufacturing and distribution operations in Ireland, the United Kingdom and Poland has leading market positions in the supply of specialist agronomy services, crop nutrition and feed ingredients. The Group is listed on the ESM and AIM markets of the Irish and London Stock Exchanges.
ESM ticker symbol: OIZ AIM ticker symbol: OGN
Website: www.originenterprises.com
This information is provided by RNS The company news service from the London Stock Exchange More |
|||||||||||||||||||||||||||||||||||||||||
| 21-11-11 | RNS |
||||||||||||||||||||||||||||||||||||||||
|
RNS Number : 4144S Origin Enterprises Plc 21 November 2011 Origin Enterprises plc Trading Update 21 November 2011- Origin Enterprises plc the Agri-Services group, ('Origin' or 'the Group'), issues this Trading Update for the three months to 29 October 2011, in advance of its Annual General Meeting which is being held today at 10.00am (GMT) in The Westbury Hotel, Grafton Street, Dublin 2. Overview
Origin reports a solid performance in line with the Group's expectations in the seasonally quiet first quarter of the 2012 financial year.
Group revenue was €315.8 million for the three months compared with €340.6 million in the corresponding period last year.
*The decrease is attributable to the completion of the Valeo Foods transaction in November 2010 which transitioned Origin's consumer foods interest from a wholly owned business to an associate.
Business review
Agri-Services
Revenue was €315.8 million for the three months compared with €306.0 million in the corresponding period last year, an increase of 3.2 per cent. The components of the increase year-on-year for the quarter are outlined in the table below.
Revenue Attributable to:
Integrated agronomy services performed very satisfactorily in the period benefiting from robust activity at farm level. The positive backdrop to farm incomes and related improved investment returns combined with good autumn growing conditions supported favourable demand for full service agronomy and technical seed applications. Current autumn planting estimates are indicating a two per cent increase in wheat area together with a forecast five per cent increase in oil seed rape acreage, providing an excellent platform for the full year result. Business-to-business agri-inputs has had a good start to the year albeit on lower volumes reflecting customer buying commitments being delayed until closer to the main usage period in the second half of the financial year.
Associates and joint venture
The Group's strategic interests in Consumer Foods and Marine Proteins and Oils performed in line with expectations during the period.
- Valeo Foods Group Limited ('Valeo')
Economic conditions have continued to adversely impact consumer sentiment resulting in an intensely competitive trading environment for Valeo. Notwithstanding this backdrop, the business made solid progress in the period benefiting from product range repositioning and new brand investment programmes. - Welcon Invest AS ('Welcon')
Welcon, the Group's marine protein and oils joint venture performed to expectation, with profits and margins lower in comparison with the very strong performance last year. Fishmeal and fish oil consumption remains firm across aquaculture and agri-feed markets with a stable outlook for prices expected to support further increases in demand. Increased seasonality As outlined at the time of Origin's Preliminary Results announcement the completion of the three acquisitions in agri-services in the second half of the last financial year and the formation of Valeo in November 2010 have increased the seasonality profile of Origin's business. The second half of the financial year will now account for approximately 85 per cent of the Group's annual profits. Outlook The current favourable planning environment for primary food producers is expected to support a positive backdrop to agri-services trading in 2012. The integration of United Agri Products, Carrs Fertilisers and Rigby Taylor is progressing to plan. The Group remains firmly focused on enhancing its leadership position in the provision of sustainable crop management systems and smart agricultural technologies that meet the requirements of an increasingly professionalised and automated farming sector.
The Group remains comfortable with consensus market estimates for the full year.
ENDS
Enquiries: Origin Enterprises plc Brendan Fitzgerald, Chief Financial Officer Tel: +353 1 612 1259
Murray Consultants Joe Murray Tel: +353 1 498 0300 Mobile: +353 86 2534950
About Origin Enterprises plc Origin Enterprises plc is a focused Agri-Services group providing on-farm integrated agronomy advice and the supply of agri-inputs. The Group also has associate and joint venture interests in consumer foods and marine proteins and oils. The Agri-Services business through its manufacturing and distribution operations in Ireland, the United Kingdom and Poland has leading market positions in the supply of specialist agronomy services, crop nutrition and feed ingredients. The Group is listed on the ESM and AIM markets of the Irish and London Stock Exchanges. ESM ticker symbol: OIZ AIM ticker symbol: OGN
Website: www.originenterprises.com
This information is provided by RNS The company news service from the London Stock Exchange More |
|||||||||||||||||||||||||||||||||||||||||
| 24-10-11 | RNS |
||||||||||||||||||||||||||||||||||||||||
|
RNS Number : 7467Q Origin Enterprises Plc 24 October 2011 24 October 2011 Origin Enterprises plc 2011 Annual Report and Notice of AGM Origin Enterprises plc ('Origin' or 'the Company') advises that the Annual Report and Accounts for the year ended 31 July 2011 together with the Notice of AGM have been posted to shareholders and can be downloaded from the Company's website at http://www.originenterprises.com. Copies of the Annual Report and Accounts are also available from the Company's registered office at 151 Thomas Street, Dublin 8, Ireland.
The Notice of AGM outlines details of proposed Board changes. Mr. Alan Gray will not be seeking re-election as a Director on the expiration of his term of office at the Annual General Meeting. Mr. Hugh McCutcheon is being proposed for election to the Board of Directors. Mr. McCutcheon is a Chartered Accountant and Investment Banking Professional. He has been head of Corporate Finance at Davy since 2001 which he joined in 1989 from PriceWaterhouse, where he qualified as a Chartered Accountant in 1979. Mr. McCutcheon has an honours degree in Economics from Trinity College Dublin and is a Fellow of the Institute of Chartered Accountants in Ireland. Commenting on the proposed changes to the Board, Mr. Owen Killian Chairman of Origin said "I would like to thank Alan for his invaluable contribution to the Board of Origin during a period of significant repositioning of the Group to a sustainable agri-services model. The Board look forward to working with Hugh McCutcheon upon his appointment." ENDS Enquiries: Mr. Pat Morrissey Tel: +353 1 612 1259 Company Secretary Origin Enterprises plc
About Origin Enterprises plc Origin Enterprises plc is a focused Agri-Services group providing on-farm integrated agronomy advice and the supply of agri-inputs. The Group also has interests in consumer foods and marine proteins and oils. The Agri-Services business through its manufacturing and distribution operations in Ireland, the United Kingdom and Poland has leading market positions in the supply of specialist agronomy services, crop nutrition and feed ingredients. The Group is listed on the ESM and AIM markets of the Irish and London Stock Exchanges. ESM ticker symbol: OIZ AIM ticker symbol: OGN This information is provided by RNS The company news service from the London Stock Exchange More |
|||||||||||||||||||||||||||||||||||||||||
| Result Pages: 1 | ||||
| Date/Time | Subject | Author | ||
|---|---|---|---|---|
| 08-07-11 | ||||
|
|
||||
|
|
||||
|
New Issues Examined by Ben Jaglom
06/07/2011 Ben Jaglom http://www.growthcompany.co.uk/features/1635793/new-issues-examined-by-ben-jaglom.thtml This month saw an ex-Tory minister try his hand at farming, while the first Zambian company ever to float on AIM joined the junior market A recent AIM joinee is Zambeef, the Zambian producer of beef, eggs, bacon and soya, among other products. Joining in a float worth $55 million (£33.7 million) through its broker Renaissance Capital, the company is to use the proceeds to purchase approximately 47,000 hectares worth of farmland in Zambia, with Zambeef intending to use this additional farmland to become self-sufficient in the supply of wheat and able to use any surplus amount for sale to third parties. The company is led by Irishman Francis Grogan, who has run the business for over 15 years with his business partner Carl Irwin, a Zambian-born accountant. Joining them on the board is chairman Jacob Mwanza, the former governor of the central bank of Zambia and a director on the Lusaka Stock Exchange. As well as being a producer, Zambeef also runs a retail network in the country in addition to a number of butchery outlets. A relatively small country, Zambeef enthuses that it has already carved out a dominant position in the Zambian market, something it is keen to add that the Zambian government fully encourages. However, its plans do not end in Zambia. The country already has a small number of retail outlets in both Ghana and Nigeria and the company is hoping to expand into the lucrative Nigerian sector in the coming years, working together with its partner Shoprite, which already has two stores in the country. The Zambeef team has been successful so far in Zambia, and their plans for Nigeria – a country that has the likes of Wal-Mart eagerly waiting to enter – cannot be said to lack in ambition. Nonetheless, unlike other African farming concerns, the company has local connections and its board is well represented by Zambians – something that is likely to strengthen its ability to operate in the long term. For those who see potential in the sector, Zambeef represents one of the strongest Africa-focused agricultural companies I have seen. Rifkind turns to farming Unusually, there was not one but two AIM floats from agricultural concerns in the same month. Eastern Europe-focused farming concern Continental Farmers Group raised 16.7 million (£14.8 million) through its broker Davy. The company is led by founder and CEO Mark Laird, a farming veteran who lived in Poland from 1994 to 2004, two years later expanding the company’s operations into the Ukraine. CFG currently produces crops including oil seed rape, sugar beet, potatoes and maize in both Poland and the Ukraine and is hoping to use the proceeds to expand its land bank in the Ukraine to over 50,000 hectares within the next five years. Also on the board is Malcolm Rifkind, the former Tory MP for Kensington and an ex-minister of defence who worked under John Major during the Bosnian war. He is joined by a number of well-connected Irish businessmen including Thomas O'Mahony, the CEO of fully listed agricultural concern Origin Enterprises – which will see its stake in CFG dilute from 38.7 per cent to 24.2 per cent after joining AIM. Major shareholders include Alastair Salvesen, a luminary of the seafood industry who has been a past president of the British Frozen Foods Federation and a chairman at the shellfish committee of the UK association of frozen food producers and a chairman of Dawnfresh Seafoods, which describes itself as the UK’s largest grower and seller of trout. Agriculture is becoming an increasingly exciting sector of late, as investors ponder the long-term potential of food production in a world in which suitable land is increasingly scarce and the search for stable and long-term stores of wealth continues. The company is likely to draw comparisons with Landkom, the Ukrainian farming group |
||||
| 22-09-10 | ||||
|
|
||||
|
|
||||
|
Net debt down from 154 million to 112 over a 12 month period .. Think no substitute for good cash flow .. This will be recognized eventually as was with Carrs milling .. Sugnificant upside potential in this share I reckon
df |
||||
| 10-07-10 | ||||
|
|
||||
|
|
||||
| 05-06-07 |
1
|
|||
|
|
||||
|
|
||||
|
To day first day in trading -great future
|
||||
|
|
||||
They have not been approved or issued by Interactive Investor Trading Limited.
Editor's Pick:
Markets: FTSE 100 in the black as Bank announces more QEEditor's Pick:
View from the top: Tangiers Petroleum interviewEditor's Pick:
Greece strikes bail-out agreementEditor's Pick:
Bank announces £50bn quantitative easing packageEditor's Pick:
Mixed outlook for trio of mining giantsEditor's Pick:
Barryroe update boosts Providence and LansdowneEditor's Pick:
Vodafone reveals weaker-than-expected performanceEditor's Pick:
Nighthawk announces new Jolly Ranch investmentEditor's Pick:
Glenstrata's just a silly word. Stick to big dividendsEditor's Pick:
Bulls should head for ChinaEditor's Pick:
George Godber’s AIM stock picks
Share
