UK 01:41 Sunday, 27 September 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
We own shares in Obtala (OBT) and think they are cheap so why not give a wider audience to a broker buy note. Okay VSA is the retained broker so it is 100% biased so feel free to ignore it completely. But for what it is worth...
Okay Beaufort is house broker to Obtala (OBT) and so is biased. As we own the shares so am I! But this 60 page report is detailed and so worth a read. Beaufort writes:
African-focused agricultural and forestry company, Obtala (OBT) is an already successful HotStockRockets share tip – the shares up from an initial 8.25p offer price recommendation to a current 18p. However, they’ve been above 22p earlier in the year and recent newsflow sees us further confident that the fall from there an incorrect appraisal - and that 30p+ is realistic.
Obtala (OBT) has announced results for the first half of 2017 and followed this with a quarterly business update…We are more than 100% ahead on this share tip but we are still excited.
VSA is house broker to Obtala (OBT) so is not impartial. Neither am I as we own a small number of shares following a Dragon's Den pitch as the 2017 UK Investor Show. But the price target suggests real upside and VSA's research team is well regarded and since we happily published an uber-negative piece from Evil Banksta the other day, this offers some balance. VSA has tweaked its forecasts
When the cash still hasn’t arrived! Tom Winnifrith gets upset (see) when I write negative comments about Obtala (OBT) and so I’ve kept quiet for a while, but there comes a point when you just have to ask the question: WTF is going on? Since Tom believes in free speech (as well as Obtala) he - as ever - allows me to write here.
Since we previously updated on Obtala (OBT) at the start of this month, there have been developments including a quarterly report. The shares are down but is this fair?
We cannot pretend that we are not a bit angry with Obtala (OBT) for the PR own goal it scored on Friday. The shares closed down 3.5% at 17.5-17.75p and are a buy at up to 20.5p but - as shareholders - we are pissed! The own goal is two fold:
The transformation of Obtala (OBT) under Miles Pelham has continued with the $14.8 million purchase of WoodBois, a leading global trader and producer of sawn timber. Obtala shares, tipped by us at an 8.25p offer and retipped at prices much lower than that now trade at 19.75p-21p but are heading far higher.
Ok, Align is paid to write research and we really do not always agree with what its eccentric boss Richard Jennings says and writes. But as we own a few shares in the company and agree with the thesis we are happy to republish this detailed note.
I am meant to be away from my keyboard as I tackle the big D but find myself dragged back by an Evil Banksta to eal with Obtala (OBT) which has been unfairly slighted on this website. I write as a ( small) shareholder in this company following the Dragon's Den Pitch at UK Investor earlier this month. The evil one published a piece which was, I fear, just factually flawed.
Obtala (OBT) should be a simple business to understand, its website explains that it farms just over 1,700 hectares of land in Tanzania and that it’s transitioning its forestry business to supplying hard wood products from 314,000 hectares of forestry concessions. And yet the group structure, accounts and accounting practices are possibly the most opaque that I’ve seen for an AIM company for quite some time. I’m going to highlight three points that should make the longs very concerned and should tempt the shorts out to play.
VSA is house broker to Obtala (OBT) so its assessment cannot be deemed to be impartial. However since I agree that the shares are cheap I bring you VSA's detailed initiation note below.
We tipped this stock at 8.5p (offer) so are 100% ahead but there is far more to come. Obtala (OBT) has followed a quarterly business update with news that it has entered into a conditional subscription agreement to issue £4 million of new shares at 20p each - with also the same amount of warrants convertible at the same price.
We tipped African Agriculture play Obtala (OBT) at an 8p offer and suggested averaging down at as low as 5p. The shares are now 19.25p-20p after a Q4 trading update yesterday. Goodie goodie.
