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

AfriAg will be appearing at the UK Investor Show, 5 April 2014 at the Queen Elizabeth II Conference Centre, Westminster.



Amongst the speakers at the show will be the Executive Chairman, David Lenigas. Be sure to turn up and ask any questions you have.



Afriag: Lenigas says it is time for Lonrho mark II
By Jamie Ashcroft May 17 2013, 12:01pm

AIM dealmaker David Lenigas is tipping Afriag (LON:AFRI), his new African vehicle, for success.

The constantly active executive revealed, via his Twitter account, that he had increased his shareholding in AfriAg to 12.5% - a stock exchange statement confirmed he bought 2.5mln shares at 0.35p each.

Lenigas also used his 140 character allowance for a statement of intent. “Time to do Lonrho MKII,” he said.

This sentiment has clearly caught the imagination of AIM’s speculators as Afriag shares shot up over 30%, to 0.45p, on Friday.

The deftly timed comment comes after Lonrho, which was run by Lenigas until September 2012, agreed to a £175mln takeover bid on Wednesday.

The 10.25p offer from investors Rainer-Marc Frey and Thomas Schmidheiny valued Lonrho at a 97% premium, at the time.

Lonrho, a conglomerate with a long and diverse history100-year, was most recently focussed on agricultural and food distribution businesses.

And that is precisely the market Lenigas is now targeting with his new vehicle, AfriAg.

The company was created at the end of last month following Lenigas’s appointment as chairman of 3D Resources, which has since been re-launched (as AfriAg) with a newly adopted investment mandate.

Under the new investing policy AfriAg will target businesses that are “involved in agriculture generally and the production, processing, logistics and distribution of agricultural produce.”

Clearly Afriag, which remains a shell, has a long way to go before it can be compared with Lonrho, or until buyers come knocking with premium bids, but with experience and an established track record behind it the firm is likely to draw a strong following in the small cap market.


Website: afriag.com

UK Investor Show
RNS
RNS Number : 9033D
AfriAg PLC
03 April 2014





3 April, 2014

AfriAg plc



("AfriAg" or the "Company")



UK Investor Show

AfriAg, the AIM-listed African-focused agricultural value chain investing company, today announces that it will be presenting at the UK Investor Show, which takes place at the Queen Elizabeth II Conference Centre in Westminster, London, SW1P 3EE from 09h00 BST on Saturday, 5th April 2014.

At the event the Company's Chairman, David Lenigas, will also be making a presentation on the Company's investment portfolio in Africa with a focus on AfriAg SA (Pty) Ltd, AfriAg's 40% owned agri-logistics unit, and the growth opportunities the Company sees for moving perishable cargo not only within Africa, but taking African produce to the global markets.

The UK Investor Show is expected to attract 1,500 investors and fund managers. AfriAg will be one of 90 companies presenting at the show. More details of the speaker line-up and companies can be found at www.ukinvestorshow.com.

Trading Update
RNS
RNS Number : 0661E
AfriAg PLC
04 April 2014



4 April 2014



AfriAg plc



("AfriAg" or the "Company")



Trading update on AfriAg SA's airfreight operations



AfriAg (AIM: AFRI), the AIM-quoted agricultural value chain investing company, is pleased to provide an update to shareholders on the airfreight operations of AfriAg SA (Pty) Ltd ("AfriAg SA"), AfriAg's 40% owned agri-logistics unit.

1.221 million kg of perishables produce was air freighted by AfriAg SA during the first 7 months of its operations for the period ending 28 February 2014.

The vast majority of these perishable goods were trucked by AfriAg's branded fleet (owned and sub-contracted) and exported from Africa to Europe using IAG Cargo's British Airways passenger fleet from Johannesburg and Cape Town to London. IAG Cargo is AfriAg SA's preferred carrier of choice for cold chain logistics.

AfriAg intends to report this data on AfriAg SA on a six monthly basis for the periods ending 30 June and 31 December and within 2 months from the end of these periods in order to keep shareholders appraised of the company's progress.

Any revenues due to the Company would be by way of periodic dividends from AfriAg SA. The Company is not anticipating any dividends in the short term as excess capital is being retained in the South African based business to assist with growing the business.

David Lenigas, Executive Chairman of AfriAg, commented:

"We have seen tremendous growth in this fledgling business from a standing start only 7 months ago. We see the outlook for 2014 remaining strong as we seek to sign more corporate clients that are looking to use AfriAg SA's bespoke truck-air-sea logistics services to move their perishable produce around southern Africa and on to their respective overseas markets."

Looking perky the last two days.

Yep..its looking good..bought in Fri at.45p

RNS Number : 7529J

AfriAg PLC

17 June 2014

17 June 2014

AfriAg Plc

("AfriAg" or the "Company")

Intention to establish a new food marketing and sales division

AfriAg Plc (AIM: AFRI) is pleased to announce that its board has resolved to establish a new wholly-owned food marketing and sales and distribution division called AfriAg Marketing in South Africa with the prime focus of sourcing and then marketing African produce (fresh and frozen) within the Southern African region as well as from Southern Africa to global markets.

This division will be operated through a newly incorporated company in South Africa called AfriAg Marketing (Pty) Ltd that has no current revenue or profit. David Lenigas and Donald Strang will be the initial directors of this new division. It is proposed that during the start-up phase of this new division that funding will be provided from AfriAg Plc's current cash reserves.

David Lenigas, AfriAg's Chairman, commented:

"Through its investment focus on agriculture and logistics in Africa, the Company is seeing multiple global opportunities for AfriAg to assist with sourcing and supplying African food produce; in particular in Asia and the Middle East. We will use this new wholly-owned division to capitalise on these opportunities for the Company."

Shaping up nicely ... should be lots of good news to be released soon (imo)

There's your good news skyhigh;

AfriAg reports 'excellent' airfreight performance
StockMarketWire.com
AfriAg reports an excellent performance from airfreight operations for the first six months of the year.

A total of approximately 650,000 kg of perishable produce was air freighted by AfriAg SA - AfriAg's 40% South African owned agri-logistics unit - for the first 6 month period of 2014 from 1 January to 30 June, in what is typically the quietest half of the year for perishable airfreight.

And it says the second half has commenced well with approximately 151,000 kg of perishables airfreighted for the month of July, being 247% over July 2013 numbers.

Executive chairman David Lenigas said: "This is an excellent performance for the first 6 months of the year, especially considering that itis typically the quietest period for agricultural exports from Southern Africa. The majority of airfreighted perishable goods are harvested and exported in the second 6 month period due to the seasonal differences between southern Africa and the northern hemisphere."

"We look forward to stronger airfreight performances from AfriAg SA as we come into the typically busy airfreight periods of the 3 months leading up to Christmas."

AfriAg Marketing ready for business
RNS
RNS Number : 4952P
AfriAg PLC
20 August 2014



20 August 2014



AfriAg plc



("AfriAg" or the "Company")





AfriAg's new wholly owned AfriAg Marketing ready for business



AfriAg Plc (AIM: AFRI) is pleased to announce that AfriAg Marketing Pty Ltd ("AfriAg Marketing"), the Company's new wholly-owned agri-produce marketing and sales and distribution division has now been established in South Africa and expects to secure its first contracts shortly.



AfriAg Marketing's prime focus will be the sourcing, distribution and marketing of African agri-produce (fresh and frozen) within the Southern African region as well as from Southern Africa to global markets.



Funding of working capital for AfriAg Marketing will be provided from AfriAg Plc's current cash reserves.



David Lenigas, AfriAg's Chairman, commented:



"The process to establish the new wholly owned marketing division has taken a little longer than originally envisaged, however the process is now thankfully complete and AfriAg Market is now fully operational and ready for launch, with all the necessary permits in place to import and export goods in an out of Africa."

AfriAg Marketing's first exports by sea to China
StockMarketWire.com
AfriAg's new wholly-owned agri-marketing division, AfriAg Marketing Pty Ltd, has sold its first refrigerated 40 foot sea container, containing a gross weight of approximately 20 metric tons of South African-sourced frozen fish products to clients in China.

This shipment is due to arrive in China within the next week. This sale consists of unique value added hake retail lines and general hake fillets for distribution to the wholesaler trade in China.

AfriAg chairman David Lenigas said: "We are pleased with the speed that our new marketing division is growing and see tremendous opportunities ahead for AfriAg Marketing as we continue to open up new export markets in the Far East that are looking for quality southern African food products in order to meet that region's growing consumer demand."

At 8:17am: (LON:AFRI) Afriag Plc Ord 0.1p share price was +0.19p at 0.75p

Building up on the buying side today.

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