I am not sure Agria has taken over the board. They seem to have politely fallen in behind Sir John Anderson
No. All businesses acquired were loss making, and losses have increased since acquisition. As a result profits at Agritech have been effectively erased.Quote:
Can we say that the investments in Australia were good decisions ?
Yes, but that does not offset the capital write down they will have made on their PGW shares on 30th June. The net result is still a large loss for Agria.Quote:
In a worst case scenario i asume that Agria itselfs earns 0$ in china (i don't hope so), but with its investment in PGG they have at least 50,2 % of the 25 Million NZ$
The reason why the PE is so low is that Agria has no income as collateral to finance the upcoming rolling over of their loans. No dividend from PGW extinguishes all short term hope. I believe that Agria is technically bankrupt. They will be delisted from the NYSE before the end of year and crawl off to die behind a rock away from the public gaze.Quote:
That means by a market cap of 49 Million US$ a P/E Ratio 0f 4. Keep in mind that Agria will report an increase in Revenue by 400% within the next weeks.
700 Million of Revenue for a 49Million market cap company.
SNOOPY