Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
The birth of AfriAg (AFRI) saw the hand of Jabba The Hutt's old mucker Paul de Robillard present, almost right from the start. Lenigas and Mr de Robillard appear to have worked together on this AfriAG (SA/plc/UK/whatever) venture almost right from the beginning.
Already a member? Sign in
• All premium articles
• Tom Winnifrith’s Bearcast
• Access to all the entire nearly 13 year archive
• ShareProphets Daily Newsletter
Cancel any time
This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.
Comments
BRITTA
Actually we do know when Mrs de Robillard dumped her 50m shares: it was on or before 28th Aug 2013.
http://www.investorease.com/company.php?disp=major&epic=AFRI&holder=Brita%20de%20Robillard
SP was ~ 1.5p preceding that so she netted a cool £700k profit from her initial £50k stake.
Needless to say, her going from > 6% to zero wasn’t something she felt necessary to inform the market about via a TR-1.
BRITTA
I stand corrected – Brita de Robillard did indeed TR-1 her sale (hence why Investorease has a record). My apologies for missing that.
http://www.lse.co.uk/share-regulatory-news.asp?shareprice=AFRI&ArticleCode=qpy1j1zk&ArticleHeadline=Holding_in_Company
BobbyChariot
I think it’s great that Jabba’s AfriFag® transports dodgy cigs and then he sets up a company specifically to trade in Cuba, is he wanting to corner the cigar market as well? :D
VINES
Wini is pummeling Leni, the old right, left, right and ocasional uppercut
the ref needs to step in soon before leni’s beaten to a pulp
J P Spaghetti
Great article (even if the y axis goes
ve :))Len bernstein
What about evolve shareholding ??
britta
Evolve sold the bulk of their shares (and ended up with a zero holding) in June/July 2014.
That was about 71m shares. They must have been gutted as the SP had crashed by that time.
Details are here:
http://www.investorease.com/company.php?disp=share&epic=AFRI
DUCK AND DIVE
@Len – Evolve were in the original listed company, 3D Diagnostic Imaging Plc, and got a free carry into the 3D Resources shell when 3DDI decided to delist, and thus into AFRI. They duly sold their shares in the orchestrated dump after AFRI announced the Afriag SA investment. Doesn’t look too fishy – except ISTR that the big cheese at 3DDI was also head honcho at Evolve Capital which went into voluntary insolvency a week after selling its AFRI shares.
There is much more meat on these bones though and I’m hoping that the combined sleuth-power of SP will soon reveal all about the shadowy 0.1p subscribers listed as Eastland Investments Limited and Marsden Resources Limited, while prior investor Amberdays Limited also merits closer inspection. At least one of these seems to have been dissolved long before this subscription while another was officially dormant with assets of £1.
boggle
Mr Lenigas held 5m shares in Templar Minerals/Ortac Resources indirectly through a company called Marsden Resources Limited through Pershing Nominees in july 2010.
BRITTA
Eastland Investments Ltd and Amberdays Ltd are both owned by a single shareholder (and Director), one Richard John Brooks.
That’s the same Richard John Brooks who is the owner of Green Hair Services Ltd, from which Lenigas Cuba bought TravelWelcome.
http://www.shareprophets.com/views/16550/david-lenigas-now-tell-us-about-travelwelcome-your-cuba-travel-operation-you-share-ramper
Green Hair Ltd is registered to AfriAg’s (i.e. the Lenigas office) address on Jermyn Street.
See most recent AR:
https://beta.companieshouse.gov.uk/company/05308573/filing-history
DUCK AND DIVE
Double, double toil and trouble;
Fire burn and caldron bubble.
Fillet of a fenny snake,
In the caldron boil and bake;
Eye of newt and toe of frog,
Wool of bat and tongue of dog,
Adder’s fork and blind-worm’s sting,
Lizard’s leg and howlet’s wing,
For a charm of powerful trouble,
Like a hell-broth boil and bubble.