Eli:
"TRIGON AGRI
( Stockholm: TAGR.ST / ISIN DK0060083566 )
Last Trade: 5.90 kr
Trade Time: 23 Jun
Change: Down 0.05 (0.84%)
Prev Close: 5.90
Open: 5.90
Bid: 5.80
Ask: 6.00
1y Target Est: N/A
Day's Range: 5.90 - 5.90
52wk Range: 0.64 - 6.85
Volume: 100,908"
Osake 8-9 kertaistanut arvonsa joulukuusta; yhä vankasti tappiolla; mitä siellä tapahtuu?
Osakeinfon mukaan ei ole splitattu tms.
"Management’s review
A/S Trigon Agri (the ’Group’) continued to show significant sales increase and EBITDA improvement in 1Q 2010 over 1Q
2009 results. While the sales increase was primarily driven by larger tonnage amount of cereals and milk sold, the EBITDA
improvement was mostly the result of substantially better performance in the Group’s cereals and milk production clusters
driven by continuous efficiency improvements. Group’s management is satisfied with the results given that the Group is
able to show very good progress in efficiency improvements in the current challenging market conditions with continued
depressed pricing environment for the Group’s main commodities: wheat, sunflower seeds, rapeseeds and soya. This
shows that the Group is well on track to be ready to start showing significant profitability once the market pricing
environment for its main products starts to improve as the current prices are around 40-70% down from the peaks
achieved in 2008. Alternatively the continued efficiency improvements will allow the Group to operate profitably eventually even if the prices do not increase from the current levels.
Total revenue and fair value adjustments in 1Q 2010 amounted to EUR 12,813 thousand (EUR 8,696 thousand in 1Q
2009) constituting a 47% increase year-on-year. This total figure consisted of Total revenue for the reporting period of EUR 11,269 thousand (EUR 7,541 thousand in 1Q 2009) being a 49% increase year-on-year. Other income of EUR 448
thousand (EUR 216 thousand in 1Q 2009) and Gains arising from changes in fair value less estimated point-of-sale costs
of biological assets of EUR 1,096 thousand (EUR 939 thousand in 1Q 2009).
EBITDA in 1Q 2010 amounted to a loss of EUR 2,166 thousand (loss of EUR 3,981 thousand in 1Q 2009). At the same
time, on a like-for-like comparison, the EBITDA result in the cereals and milk production clusters of the Group, which
existed in both reporting periods (the Group acquired a new cluster in Stavropol region of Russia in 2H 2009), improved
from a negative result of EUR 3,150 thousand in Q1 2009 to a loss of only EUR 2,207 in Q1 2010. This reflects the
significant cost efficiency improvements in the cereals production clusters and improvements in productivity and higher
average prices achieved in the milk production clusters in Estonia and the St Petersburg region of Russia.
Net profit/loss for the reporting period amounted to a loss of EUR 3,448 thousand (loss of EUR 4,517 thousand in 1Q
2009). Earnings per share amounted to a loss of EUR 0.03 per share (EUR -0.04 in 1Q 2009).
The consolidated assets of the Group as of March 31, 2010 amounted to EUR 177,302 thousand (EUR 155,392 thousandat December 31, 2009), driven by the sale of treasury shares by the Group during the reporting period and positivecurrency translation differences (both the Russian rouble and Ukrainian hryvna in which most of the Group’s fixed assetsare recorded appreciated against the Euro during the reporting period). The net debt of the Group as of March 31, 2010amounted to EUR -3,476 thousand (EUR 61 thousand at December 31, 2009, please note that negative net debt means that the Group’s cash position is higher than borrowings).
As of March 31, 2010 the Group had 170 thousand hectares of land under control, out of which 146 thousand was in
registered ownership and leaseholds. As announced in the annual report published March 31, 2010, the Group is expected
to have 164 thousand hectares of land in registered ownership and leaseholds by the end of 2Q 2010, which will leave only around 6 thousand hectares (3.5% from the total) as land in acquisition process. With this the Group will have completed the current round of expansion securing a solid title to its land-bank."
Vai onko joku vaan pirun optimistinen?
Ostin tota itse pienellä summalla; tosin niin pienellä että vaikka tuhatkertaistuisi ei ois merkitystä.
Ois pitänyt näemmä lähteä vaikka lainarahalla ostamaan.
Grow the feed, not the weeds!
