Obtala (OBT) “is pleased to announce that it has raised £2 million… by entering into a subscription agreement with existing institutional investor Lombard Odier Asset Management”…
“Director/PDMR Shareholding” and “Long Term Incentive Plan” announcements from Obtala (OBT) – but this is far from the typical corporate greed LTIP…
Obtala (OBT) “is pleased to provide a quarterly update on operations for the three months ended 31 December 2018” – and this includes revenue up by 16% over the previous quarter to $3.7 million, taking the full-year to $13.5 million…
A “Group Reorganisation and Fundraising” announcement from Obtala (OBT), including Chairman Miles Pelham stating “we believe these developments have the potential to be transformational for Obtala”…
Obtala (OBT) has announced moves to progress a “strategy now specifically focused on building a best in class forestry and timber trading platform”…
Africa forestry and agriculture company Obtala (OBT) has updated on the third quarter of its year, including that it has remained focused “on increasing output from our profitable assets in West Africa and improving margins by leveraging our fixed cost base… year to date revenues have now comfortably surpassed that of the full year in 2017 and revenues for the current financial year are expected to exceed US$10m for the first time”…
Africa forestry and agriculture company Obtala (OBT) has announced results for the first half of 2018, emphasising “having grown by more than 13x in 2017, year on year revenues are on track to deliver further growth in 2018 having achieved 80% of 2017's total turnover within the first 6 months” - though, on revenue of $6.6 million, even on an adjusted basis there was still a loss of $3.7 million…
I note the piece from Hotstockrockets which explains part of what Miles Pelham has been up to. Essentially he has been offloading AIM-listed Obtala (OBT) ordinary shares and picking up convertible prefs (which pay 5%).
It is pointed out to us that Miles Pelham, the boss of Obtala (OBT) sold nine million shares on 13 July. Surely this is a massive sell signal for we loyal shareholders? Maybe not. This is how Miles responds to that question:
Obtala (OBT) has updated to the first half of 2018, including emphasising “record volumes of sawn timber produced and containers shipped to customers”…
Obtala (OBT) has announced results for the 2017 calendar year, including emphasising “an increase in year over year revenues of more than 13x, provides clear evidence that the group is unrecognisable from its position just 18 months ago”…
Obtala (OBT) has updated on forestry developments which see it consider “it is clearly prudent for us to minimise risk by deploying financial resources towards expanding capacity at our production facilities in Gabon rather than Mozambique”.
Obtala (OBT) has updated on the first quarter of 2018 – including “invoiced sales of $3.9m, quarterly record exceeded for contracted sales - $8m” and “the setting of new records for timber orders received and for volume of production” – seeing it further “on the path to our most pressing objective, to become cash-flow positive, and towards our longer-term objective of achieving high levels of sustainable profitability”…
In the wake of the recent fund raise by Obtala (OBT), the company's house broker VSA has slashed its price target from 36p to 25p but it is forecasting EPS of 1.6p for calendar 2018 and with massive asset backing, explains in a detailed note out today, why the shares will double from the current 12.625p mid. We own the shares and, for what it is worth, I agree with analyst Edward Hugo.
Obtala (OBT) has announced an offer of shares at 12.5p via PrimaryBid.com - which closes at 5PM on Sunday or when the book is filled. Hurry - TAKE THIS UP HERE This follows an earlier Acquisition, Expansion Capital and Fundraising announcement…
UPDATED: We own these shares and I am a fan of boss Miles Pelham to whom I have just spoken. With this cash and the placing announced earlier this week Obtala will report positive and meaningful EPS this year. Its shares trade at a massive discount to NAV. TAKE UP THIS OFFER. Obtala (OBT) has announced a Fundraise via Primary Bid at a subscription price of 12.5p per Ordinary Share. This represents a discount of approximately 9% to the closing mid price on Thursday 01 February, 2018.
Obtala (OBT) has made a quarterly business update on the fourth quarter of 2017, with Chairman Miles Pelham emphasising “while the result will be a record year of revenue for the group, this merely represents the initial phase of growth for the company. I am excited for what 2018 will bring and fully expect it to be another year of exponential growth for the group”…
Previously writing on Obtala (OBT) we noted its view that “in an environment of low interest rates with investors hunting for yield, there is an outsized opportunity to fund our trading business to many multiples of current revenue and profit levels”. There’s now a “Trade Finance Update”…
