Proactiveinvestors Australia - Agribusiness RSS feed http://www.proactiveinvestors.com.au Proactiveinvestors Australia - Agribusiness feed en Sun, 21 Jan 2018 15:22:32 +1100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com action@proactiveinvestors.com Dongfang Modern Agriculture Holding Group’s chairman buys stock http://www.proactiveinvestors.com.au/companies/news/178037/dongfang-modern-agriculture-holding-groups-chairman-buys-stock-178037.html Fri, 19 May 2017 14:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/178037/dongfang-modern-agriculture-holding-groups-chairman-buys-stock-178037.html Dongfang Modern Agriculture Holding Group upbeat on record harvest http://www.proactiveinvestors.com.au/companies/news/170991/dongfang-modern-agriculture-holding-group-upbeat-on-record-harvest-170991.html Thu, 29 Dec 2016 08:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/170991/dongfang-modern-agriculture-holding-group-upbeat-on-record-harvest-170991.html David Lenigas takes reins at Anglo African Agriculture http://www.proactiveinvestors.com.au/companies/news/149885/david-lenigas-takes-reins-at-anglo-african-agriculture-149885.html Tue, 06 Sep 2016 01:06:00 +1000 http://www.proactiveinvestors.com.au/companies/news/149885/david-lenigas-takes-reins-at-anglo-african-agriculture-149885.html Obtala expands BML sales agreement to agriculture http://www.proactiveinvestors.com.au/companies/news/128086/obtala-expands-bml-sales-agreement-to-agriculture-128086.html Tue, 12 Jul 2016 16:26:00 +1000 http://www.proactiveinvestors.com.au/companies/news/128086/obtala-expands-bml-sales-agreement-to-agriculture-128086.html Dekeloil boosts palm oil output but shares slip http://www.proactiveinvestors.com.au/companies/news/127953/dekeloil-boosts-palm-oil-output-but-shares-slip-127953.html Thu, 07 Jul 2016 20:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/127953/dekeloil-boosts-palm-oil-output-but-shares-slip-127953.html DekelOil completes deal to increase stake in Ivory Coast plant http://www.proactiveinvestors.com.au/companies/news/127825/dekeloil-completes-deal-to-increase-stake-in-ivory-coast-plant-127825.html Tue, 05 Jul 2016 16:19:00 +1000 http://www.proactiveinvestors.com.au/companies/news/127825/dekeloil-completes-deal-to-increase-stake-in-ivory-coast-plant-127825.html Obtala Resources agrees $500,000 forestry investment http://www.proactiveinvestors.com.au/companies/news/127745/obtala-resources-agrees-500000-forestry-investment-127745.html Fri, 01 Jul 2016 16:38:00 +1000 http://www.proactiveinvestors.com.au/companies/news/127745/obtala-resources-agrees-500000-forestry-investment-127745.html EU antitrust agency to review Bayer Monsanto merger http://www.proactiveinvestors.com.au/companies/news/127653/eu-antitrust-agency-to-review-bayer-monsanto-merger-127653.html Wed, 29 Jun 2016 23:10:00 +1000 http://www.proactiveinvestors.com.au/companies/news/127653/eu-antitrust-agency-to-review-bayer-monsanto-merger-127653.html Obtala making 'significant progress' as timber and agribusiness http://www.proactiveinvestors.com.au/companies/news/127631/obtala-making-significant-progress-as-timber-and-agribusiness-127631.html Wed, 29 Jun 2016 16:46:00 +1000 http://www.proactiveinvestors.com.au/companies/news/127631/obtala-making-significant-progress-as-timber-and-agribusiness-127631.html DekelOil to boost its Ayenouan stake further http://www.proactiveinvestors.com.au/companies/news/127131/dekeloil-to-boost-its-ayenouan-stake-further-127131.html Thu, 16 Jun 2016 00:17:00 +1000 http://www.proactiveinvestors.com.au/companies/news/127131/dekeloil-to-boost-its-ayenouan-stake-further-127131.html Obtala receives final payment from forestry investors http://www.proactiveinvestors.com.au/companies/news/126538/obtala-receives-final-payment-from-forestry-investors-126538.html Tue, 31 May 2016 17:48:00 +1000 http://www.proactiveinvestors.com.au/companies/news/126538/obtala-receives-final-payment-from-forestry-investors-126538.html DekelOil tightens grip on Ivory Coast operation in £11mln deal http://www.proactiveinvestors.com.au/companies/news/126290/dekeloil-tightens-grip-on-ivory-coast-operation-in-11mln-deal-126290.html Tue, 24 May 2016 19:34:00 +1000 http://www.proactiveinvestors.com.au/companies/news/126290/dekeloil-tightens-grip-on-ivory-coast-operation-in-11mln-deal-126290.html Bayer's huge bid for Monsanto may not yet be final word http://www.proactiveinvestors.com.au/companies/news/126271/bayer-s-huge-bid-for-monsanto-may-not-yet-be-final-word-126271.html Tue, 24 May 2016 00:09:00 +1000 http://www.proactiveinvestors.com.au/companies/news/126271/bayer-s-huge-bid-for-monsanto-may-not-yet-be-final-word-126271.html Terra Tech hopes ShopRite lettuce deal is tip of the iceberg http://www.proactiveinvestors.com.au/companies/news/126262/terra-tech-hopes-shoprite-lettuce-deal-is-tip-of-the-iceberg-126262.html Mon, 23 May 2016 22:34:00 +1000 http://www.proactiveinvestors.com.au/companies/news/126262/terra-tech-hopes-shoprite-lettuce-deal-is-tip-of-the-iceberg-126262.html Monsanto takeover bid sector's largest deal http://www.proactiveinvestors.com.au/companies/news/126158/monsanto-takeover-bid-sector-s-largest-deal-126158.html Thu, 19 May 2016 23:04:00 +1000 http://www.proactiveinvestors.com.au/companies/news/126158/monsanto-takeover-bid-sector-s-largest-deal-126158.html Captiva Verde: growing greens and making money http://www.proactiveinvestors.com.au/companies/news/126036/Captiva-Verde-growing-greens-and-making-money-126036.html Tue, 17 May 2016 23:28:00 +1000 http://www.proactiveinvestors.com.au/companies/news/126036/Captiva-Verde-growing-greens-and-making-money-126036.html Alterra Ltd looking to scale up Western Australia dairy farm http://www.proactiveinvestors.com.au/companies/news/131760/alterra-ltd-looking-to-scale-up-western-australia-dairy-farm-68695.html Alterra Ltd (ASX:1AG) continues to assess locations in Western Australia to develop a System-5 dairy farm.

System‐5 is established around the world as the "Gold Standard” for large scale dairy production.
Alterra is looking to develop Western Australia's first System-5 dairy farm.

Alterra entered the Western Australia dairy market in December, 2015 through an agreement with the Capel Farm.

The company is assessing the potential implementation of a System-5 dairy at the Capel Farm site and three other sites.

Only one site will be selected and a preliminary assessment comparing the various sites is expected to be completed by July 2016.


Capel Farm

Capel Farm is owned by Chinese interests seeking to develop Western Australian branded
produce stores across China.
 
Purchasing the Capel Farm dairy herd, leasing the property and managing the dairy enabled Alterra to enter the dairy market in Western Australia.

The Capel Farm site has existing infrastructure required for a System‐5 dairy including; a near‐new 60 stand rotary dairy, 600 ML water license and pivot irrigation.

Alterra has sold down the existing milking herd and placed the rotary dairy at Capel Farm on
care and maintenance pending a decision on the suitability of the site for a System‐5 operation.


Milk off-take and distribution

Alterra’s strategy is to develop large scale System-5 farming operations to supply milk to local processors and the Western Australian market as a base case.

Alterra believes the initial key agreement to be reached is the off-take agreement with the local processors.

Commercial in confidence discussions with processors are positive and ongoing, however, an agreement is unlikely to be finalised until a System-5 site has been selected.


Debt repayment

Recently, Alterra Ltd repaid its debt to Commonwealth Bank of Australia (ASX:CBA) three years ahead of schedule leaving the company debt free.

In 2013, the company carried $7 million in debt and liabilities compared to a current net cash position of circa $2.5 million.


Analysis


Alterra continues to generate circa $2.8 million per annum via its existing business, which has contracted revenue of $31 million out until 2027.

The net present value (NPV) of this contracted revenue is A$20 million.

Alterra has a market cap of A$12.4 million while the share price is trading at $0.09 per share.

Alterra has a debt free balance sheet and $2.4 million of cash and receivables, meaning it has an enterprise value of $10 million, a significant discount to the NPV of contracted revenues.

Alterra operates in a favourable dairy market with Western Australia importing half of its dairy requirements and China expected to increase dairy consumption from 46 billion litres in 2012 to 74 billion litres in 2030.

Our initiating coverage calculates a price target of $0.21 per share.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 12 May 2016 15:26:00 +1000 http://www.proactiveinvestors.com.au/companies/news/131760/alterra-ltd-looking-to-scale-up-western-australia-dairy-farm-68695.html
Obtala Resources agrees to investor payment terms http://www.proactiveinvestors.com.au/companies/news/125402/obtala-resources-agrees-to-investor-payment-terms-125402.html Fri, 29 Apr 2016 17:20:00 +1000 http://www.proactiveinvestors.com.au/companies/news/125402/obtala-resources-agrees-to-investor-payment-terms-125402.html Obtala Resources outlines strategic goals http://www.proactiveinvestors.com.au/companies/news/125285/obtala-resources-outlines-strategic-goals-125285.html Wed, 27 Apr 2016 17:47:00 +1000 http://www.proactiveinvestors.com.au/companies/news/125285/obtala-resources-outlines-strategic-goals-125285.html Obtala Resources shares surge as it welcomes new chairman http://www.proactiveinvestors.com.au/companies/news/125197/obtala-resources-shares-surge-as-it-welcomes-new-chairman-125197.html Tue, 26 Apr 2016 00:43:00 +1000 http://www.proactiveinvestors.com.au/companies/news/125197/obtala-resources-shares-surge-as-it-welcomes-new-chairman-125197.html DekelOil making more progress on debt refinancing http://www.proactiveinvestors.com.au/companies/news/125161/dekeloil-making-more-progress-on-debt-refinancing Mon, 25 Apr 2016 16:51:00 +1000 http://www.proactiveinvestors.com.au/companies/news/125161/dekeloil-making-more-progress-on-debt-refinancing DekelOil revenue up 134% due to record production http://www.proactiveinvestors.com.au/companies/news/124795/dekeloil-revenue-up-134-due-to-record-production-124795.html Thu, 14 Apr 2016 17:48:00 +1000 http://www.proactiveinvestors.com.au/companies/news/124795/dekeloil-revenue-up-134-due-to-record-production-124795.html Alterra Ltd repays debt early to focus on Western Australia dairy strategy http://www.proactiveinvestors.com.au/companies/news/131759/alterra-ltd-repays-debt-early-to-focus-on-western-australia-dairy-strategy-68694.html Alterra Ltd (ASX:1AG) has repaid its debt to Commonwealth Bank of Australia (ASX:CBA) three years ahead of schedule leaving the company debt free.

In 2013, the company carried $7 million in debt and liabilities compared to a current net cash position of circa $2.5 million.

Alterra continues to generate circa $2.8 million per annum via its existing business, which has contracted revenue of $31 million out until 2027.

The company is conducting a feasibility study for System 5 dairy with the ambition to be the 'go to' company for large scale milk production in Western Australia.

Trevor Stoney, non-executive chairman commented: "It is a credit to our management team that they have been able to turn the company around from over $7 million of debt and liabilities in 2013 to zero debt and cash at bank in 2016, a $9.5 million turnaround.

"This has been done without a major dilution of existing shareholders and the company will continue to apply the same disciplined approach to its current dairy expansion opportunities."


Background

Earlier in the year, the company sold its New Zealand dairy assets to focus on becoming Western Australia's newest dairy market player.

Alterra produced and delivered its first milk to a local processor during February advancing a long-term supply deal for fresh exports into China.

Under the proposed strategy, the company will execute long-term offtake agreements with local milk processors that will pay a farm gate price to Alterra for milk supplied.

This is expected to lock in an attractive and consistent return.

Green Lake, the local export group associated with the company's Chinese partners will continue to purchase milk from the processors for export to China and rebate a profit share back to Alterra on all exported milk.

Green Lake holds an import license and credentials to import fresh milk into China and has successfully started using the Brownes label.

This plan is expected to benefit from a number of converging trends on a state, regional and global level.


Analysis

The repayment of debt three years ahead of schedule gives Alterra a clean balance sheet as it continues its Western Australia dairy strategy.

Alterra operates in a favourable dairy market with Western Australia importing half of its dairy requirements and China expected to increase dairy consumption from 46 billion litres in 2012 to 74 billion litres in 2030.

Our initiating coverage calculates a price target of $0.21 per share.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 14 Apr 2016 17:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/131759/alterra-ltd-repays-debt-early-to-focus-on-western-australia-dairy-strategy-68694.html
Dekeloil Public Ltd upbeat as production and prices rise http://www.proactiveinvestors.com.au/companies/news/124419/dekeloil-public-ltd-upbeat-as-production-and-prices-rise-124419.html Tue, 05 Apr 2016 20:31:00 +1000 http://www.proactiveinvestors.com.au/companies/news/124419/dekeloil-public-ltd-upbeat-as-production-and-prices-rise-124419.html Obtala Resources PLC focused on growth and controlling costs http://www.proactiveinvestors.com.au/companies/news/124354/obtala-resources-plc-focused-on-growth-and-controlling-costs Mon, 04 Apr 2016 16:45:00 +1000 http://www.proactiveinvestors.com.au/companies/news/124354/obtala-resources-plc-focused-on-growth-and-controlling-costs Alterra Ltd completes settlement of New Zealand asset sale http://www.proactiveinvestors.com.au/companies/news/131758/alterra-ltd-completes-settlement-of-new-zealand-asset-sale-68692.html Alterra Ltd (ASX:1AG) has completed the settlement of the NZ$3.6 million asset sale, with the funds to be repatriated to Australia to pay down debt facilities.

Money will also be allocated to the company's dairy expansion plans in Western Australia.

Highlighting the dairy needs of the state, Western Australia imports half of its dairy requirements including cheese and yogurt.

This will continue to tighten as the state population grows from 2.6 million to 3.6 million in 2030 and more demand from Asian export markets grows.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 04 Apr 2016 14:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/131758/alterra-ltd-completes-settlement-of-new-zealand-asset-sale-68692.html
Alterra Ltd is the new name for Carbon Conscious Ltd http://www.proactiveinvestors.com.au/companies/news/131757/alterra-ltd-is-the-new-name-for-carbon-conscious-ltd-67643.html Tue, 22 Mar 2016 10:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/131757/alterra-ltd-is-the-new-name-for-carbon-conscious-ltd-67643.html DekelOil Public Limited refinancing will boost profit http://www.proactiveinvestors.com.au/companies/news/123724/dekeloil-public-limited-refinancing-will-boost-profit-123724.html Thu, 17 Mar 2016 01:33:00 +1100 http://www.proactiveinvestors.com.au/companies/news/123724/dekeloil-public-limited-refinancing-will-boost-profit-123724.html DekelOil Public Ltd reaps the benefits of scale http://www.proactiveinvestors.com.au/companies/news/123745/dekeloil-public-ltd-reaps-the-benefits-of-scale-123745.html Wed, 16 Mar 2016 22:35:00 +1100 http://www.proactiveinvestors.com.au/companies/news/123745/dekeloil-public-ltd-reaps-the-benefits-of-scale-123745.html Monsanto earnings warning punishes shares by 8% http://www.proactiveinvestors.com.au/companies/news/123228/monsanto-earnings-warning-punishes-shares-by-8-123228.html Thu, 03 Mar 2016 04:11:00 +1100 http://www.proactiveinvestors.com.au/companies/news/123228/monsanto-earnings-warning-punishes-shares-by-8-123228.html