Monday 21 August 2017 The one stop source for free breaking news, expert analysis, and videos on AIM and LSE listed shares


Afriag – Something Brewing?

By Doc Holiday | Tuesday 23 July 2013


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


This company is only two months old. It was formed out of an old AIM listed vehicle 3D Resources (3DR) and is now an investing company. But unlike most investing companies on AIM AfriAg ( AFRI) does seem to have a plan other than fees all round for the advisors and directors.

 

Specialising in agri-logistics '' AfriAg’s vision for the future is to build a series of partnerships and alliances with specialist companies operating in agri-logistics throughout Africa to create the first truly pan-African agri-logistics conglomerate with offices and representative offices in all 55 Countries across Africa. The aim is to provide each customer with a bespoke ‘field-to-fork’ service at the right value, at the right time and at the right quality.

 

The common denominator between Afriag and a bundle of small cap aim listed companies is Executive Chairman David Lenigas. My attention has been drawn to Afriag as the share price has more than doubled since the lows of June – at 1.3p it is now valued at £10.7 million.

 

Regardless of your views on Mr Lenigas – and like all the best people he has his critics as well as his admirers - the universal story here is that this guy can raise cash in abundance and also has a takeout history of size over the past decade on more than one occasion '' In fact four ''

 

Having some personal experience of the transport Industry it is actually not too difficult to see how the theory behind the business plan can be rolled out. Hence I believe this to be another bold move from a master yoda like chairman!

 

Do we have a real ground breaking formula or another Jedi mind trick? I intend on grilling David Lenigas to validate afriag’s mission statement. In my view if this is presented correctly the shares could well head through 2p sharpish.

 

This is an intriguing play and one I suggest investors pay some attention to. If Lenigas delivers the shares will fly. If not, the reverse is possible.

 

 

All the best Doc



Never miss a story.




This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.


More on AFRI


Comments

Comments are turned off for this article.




Site by Everywhen