Just had a small punt on these following on from the Trading Statement issued this afternoon. As always with these penny tiddlers it's important to do your own research!



Trading Statement
RNS
RNS Number : 2592D
AfriAg PLC
26 March 2014





26 March, 2014

AfriAg plc



("AfriAg" or the "Company")



AfriAg SA Expansion of Truck Fleet & Contract Wins



AfriAg (AIM: AFRI), the AIM-listed agricultural value chain investing company, is pleased to announce a significant expansion of AfriAg SA (Pty) Ltd ("AfriAg SA"), AfriAg's 40% owned agri-logistics unit.



AfriAg SA is expanding its fleet of Mercedes articulated trucks from 6 to 14, the first 5 of which have been delivered. Accompanying these new tucks are 8 new 15.2 metre refrigerated trailers, which have been delivered and are being prepared for operations. The new fleet is expected to commence operations in April once they have been registered for cross-border operations.



The requirement to increase the fleet has been driven primarily by new corporate agri-logistics contracts, the main one being the largest commercial growing organisation in Mozambique of fresh vegetables for export. This new 2 year contract requires AfriAg to move, in a strictly controlled cold chain environment from source to final destination, multiple loads per week of fresh produce by truck to Johannesburg in South Africa and airfreight the majority of this production on to the UK and for distribution to the major UK supermarkets.



AfriAg SA has also recently secured logistics contracts to manage and move lucerne (alfalfa) forage exports from the Douglas and Kimberley regions in South Africa to dairy and government animal feed contracts in to the United Arab Emirates with around 50 containers currently being shipped weekly from Douglas to the Port of Durban and on to the Middle East.



AfriAg SA also uses a number of transport sub-contractors to assist with current demand for the Company's agri-logistics services within southern Africa.



AfriAg plc owns 40% of AfriAg SA (together, the "Group") as one of its investments in line with the Company's stated investing policy. The Company also holds interests in a portfolio of quoted agricultural companies (as detailed in the announcement of 23 October 2013) and these are currently valued at approximately £205,000 on the basis of current mid-market prices. AfriAg will manage its investment portfolio in line with its investing policy. Investments may be realised from time to time when the directors deem appropriate bearing in mind their performance and other investment opportunities available, with a view to generating returns for shareholders.





David Lenigas, AfriAg's Chairman, commented:



"The last 6 months for AfriAg SA have been focused on servicing their existing customers and growing a corporate client base that require reliable transportation of their perishable produce from source to markets within southern Africa and to Europe, the Middle East and Asia.



The outlook for 2014 for AfriAg SA appears to be strong and we see new capacity required for two way traffic north and east of the South African boarder, and the Group expects to add additional fleet capacity over the coming year.



AfriAg will continue to evaluate opportunities in the agricultural sector which are complementary to AfriAg SA and the other investments held."



For further information please contact:



AfriAg plc: + 44 (0) 20 7440 0640

David Lenigas/Donald Strang



Nominated Adviser and Broker:

Allenby Capital Limited +44 (0) 20 3328 5656

Nick Athanas/Nick Harriss/Michael McNeilly



Public Relations:

Square1 Consulting +44 (0) 20 7929 5599

David Bick/Mark Longson

Looks ready to test the March highs mitzy.

Chart very bullish doodlebug .

I need to figure out how to paste the chart on here using my iPad !!

Cheers mitzy, I like the look of that chart!

So do I doodlebug slowly turning up.

I'm still in....good news released recently..all looking good here

AfriAg Marketing clinches first import order

StockMarketWire.com

AfriAg's 100% owned agri-marketing division, AfriAg Marketing Pty Ltd, has secured its first import order of 18 tonnes of frozen prawns from India to South Africa.

AfriAg is seeing its fish exports from southern Africa growing steadily to global markets mainly in Asia and Europe with a current order book of US$350,000 of seafood products either being processed or transported. This recent boost to the business has been helped by newly secured orders for 18 tonnes of South African-sourced Angel fish (species: Brama Brama) destined for China and a further 9 tonnes of Mozambiqan Langoustines to be airfreighted to the Chinese and Swiss markets.

AfriAg's chairman, David Lenigas, commented: "In these times of global economic and market uncertainty, one thing is a definite and that is the ever increasing need to supply food to a growing global population. AfriAg is successfully finding a niche market for supplying seafood into the expanding Asian markets in particular." "Not only does AfriAg Marketing seek to export high value fish products to the global marketplace from Southern Africa, but it is also seeing growing demand from within South Africa for imports of certain species of fish products, such as prawns, where there is currently a domestic production deficit."



Story provided by StockMarketWire.com

Tell you what Cynic lets trash this thread now like you and the boys have trashed the chart thread, lets all have a bit of fun.........

aldwickk View aldwickk's profile - 24 Oct 2014 12:21 - 2232 of 2235

Been headhunted aswel Zak Mir ...Tips TV, Jim Mellon....T1PS, Tom Winnifrith......shareprophets/Clem Chambers, iii have all asked if I was available to do a piece/column for them.

Under what name ? You have so many to choose from
goldfinger Send an email to goldfinger View goldfinger's profile - 24 Oct 2014 12:29 - 2233 of 2235 edit this post

Whats your point alders?
doodlebug4 - 24 Oct 2014 12:32 - 2234 of 2235

Lol, aldwickk! That's a very good point - rumour is that it's going to be WalterMitty.
cynic Send an email to cynic View cynic's profile - 24 Oct 2014 12:42 - 2235 of 2235

i like dd4 .... let's hope sticky doesn't get the hump at that jolly jape

looks like a very subdued day all round .... i suspect ev dow will be range bound between about 16,600 and 16,700, or 16,750 at a push

Tell you what Cynic lets trash this thread now like you and the boys have trashed the chart thread, lets all have a bit of fun.........

aldwickk View aldwickk's profile - 24 Oct 2014 12:21 - 2232 of 2235

Been headhunted aswel Zak Mir ...Tips TV, Jim Mellon....T1PS, Tom Winnifrith......shareprophets/Clem Chambers, iii have all asked if I was available to do a piece/column for them.

Under what name ? You have so many to choose from
goldfinger Send an email to goldfinger View goldfinger's profile - 24 Oct 2014 12:29 - 2233 of 2235 edit this post

Whats your point alders?
doodlebug4 - 24 Oct 2014 12:32 - 2234 of 2235

Lol, aldwickk! That's a very good point - rumour is that it's going to be WalterMitty.
cynic Send an email to cynic View cynic's profile - 24 Oct 2014 12:42 - 2235 of 2235

i like dd4 .... let's hope sticky doesn't get the hump at that jolly jape

looks like a very subdued day all round .... i suspect ev dow will be range bound between about 16,600 and 16,700, or 16,750 at a push

Tell you what Cynic lets trash this thread now like you and the boys have trashed the chart thread, lets all have a bit of fun.........

aldwickk View aldwickk's profile - 24 Oct 2014 12:21 - 2232 of 2235

Been headhunted aswel Zak Mir ...Tips TV, Jim Mellon....T1PS, Tom Winnifrith......shareprophets/Clem Chambers, iii have all asked if I was available to do a piece/column for them.

Under what name ? You have so many to choose from
goldfinger Send an email to goldfinger View goldfinger's profile - 24 Oct 2014 12:29 - 2233 of 2235 edit this post

Whats your point alders?
doodlebug4 - 24 Oct 2014 12:32 - 2234 of 2235

Lol, aldwickk! That's a very good point - rumour is that it's going to be WalterMitty.
cynic Send an email to cynic View cynic's profile - 24 Oct 2014 12:42 - 2235 of 2235

i like dd4 .... let's hope sticky doesn't get the hump at that jolly jape

looks like a very subdued day all round .... i suspect ev dow will be range bound between about 16,600 and 16,700, or 16,750 at a push

Tell you what Cynic lets trash this thread now like you and the boys have trashed the chart thread, lets all have a bit of fun.........

aldwickk View aldwickk's profile - 24 Oct 2014 12:21 - 2232 of 2235

Been headhunted aswel Zak Mir ...Tips TV, Jim Mellon....T1PS, Tom Winnifrith......shareprophets/Clem Chambers, iii have all asked if I was available to do a piece/column for them.

Under what name ? You have so many to choose from
goldfinger Send an email to goldfinger View goldfinger's profile - 24 Oct 2014 12:29 - 2233 of 2235 edit this post

Whats your point alders?
doodlebug4 - 24 Oct 2014 12:32 - 2234 of 2235

Lol, aldwickk! That's a very good point - rumour is that it's going to be WalterMitty.
cynic Send an email to cynic View cynic's profile - 24 Oct 2014 12:42 - 2235 of 2235

i like dd4 .... let's hope sticky doesn't get the hump at that jolly jape

looks like a very subdued day all round .... i suspect ev dow will be range bound between about 16,600 and 16,700, or 16,750 at a push

Tell you what Cynic lets trash this thread now like you and the boys have trashed the chart thread, lets all have a bit of fun.........

aldwickk View aldwickk's profile - 24 Oct 2014 12:21 - 2232 of 2235

Been headhunted aswel Zak Mir ...Tips TV, Jim Mellon....T1PS, Tom Winnifrith......shareprophets/Clem Chambers, iii have all asked if I was available to do a piece/column for them.

Under what name ? You have so many to choose from
goldfinger Send an email to goldfinger View goldfinger's profile - 24 Oct 2014 12:29 - 2233 of 2235 edit this post

Whats your point alders?
doodlebug4 - 24 Oct 2014 12:32 - 2234 of 2235

Lol, aldwickk! That's a very good point - rumour is that it's going to be WalterMitty.
cynic Send an email to cynic View cynic's profile - 24 Oct 2014 12:42 - 2235 of 2235

i like dd4 .... let's hope sticky doesn't get the hump at that jolly jape

looks like a very subdued day all round .... i suspect ev dow will be range bound between about 16,600 and 16,700, or 16,750 at a push

Tell you what Cynic lets trash this thread now like you and the boys have trashed the chart thread, lets all have a bit of fun.........

aldwickk View aldwickk's profile - 24 Oct 2014 12:21 - 2232 of 2235

Been headhunted aswel Zak Mir ...Tips TV, Jim Mellon....T1PS, Tom Winnifrith......shareprophets/Clem Chambers, iii have all asked if I was available to do a piece/column for them.

Under what name ? You have so many to choose from
goldfinger Send an email to goldfinger View goldfinger's profile - 24 Oct 2014 12:29 - 2233 of 2235 edit this post

Whats your point alders?
doodlebug4 - 24 Oct 2014 12:32 - 2234 of 2235

Lol, aldwickk! That's a very good point - rumour is that it's going to be WalterMitty.
cynic Send an email to cynic View cynic's profile - 24 Oct 2014 12:42 - 2235 of 2235

i like dd4 .... let's hope sticky doesn't get the hump at that jolly jape

looks like a very subdued day all round .... i suspect ev dow will be range bound between about 16,600 and 16,700, or 16,750 at a push

Bought in yesterday again after having a few in/outs on this over the past year or two.
Looks as though I timed it right as it moved up today (makes a change!)

results/trading update due in the next few days/week or so.