In three years we could be in the top 10 seeds companies in the world
@Snoopy
>>Sparky, Agria did default on their LIC loan. Agria are currently in difficult negotiations with their Chinese and US banks. I think it is all too soon to call, to see if Agria will make it in their current form. Nevertheless one thing is certain. Continuing losses and negative cashflow is not a 'just meandering along' position.<<
Agria had made an extension arrangement with LIC, for that you can not say "they defaulted". If you are serious in investigating the matters of a company you should follow Sparkys example and call the people who know the truth. For the Lic Loans you can call Mr. King from LIC. You have made a lot of strong accusions to Agria and all of them were wrong, except that they will make a loss in 2013.
Agria is an agressiv growing company, it could be possible that in a few years Agrias name is a household name for seeds. PGW will benefit from their teamwork. And in my opinion Agria as the majority shareholder will benefit more.
In their earning release you find one sentence that i thpought would be an error.
>>We expect further consolidation trends in the global agriculture industry, and in particular, in markets which would create merger and acquisition opportunities for us, including North America and Greater China<<
Do you really mean North ?
North America forage variety especially alfalfas is key source of forage imports for China. Together with our PGW forage expertise, we see opportunity to identify suitable strategy in North America so that we will have full array of forage seeds offering to the vast market in China.
That must mean they have found a new investor. Together with the recent recovering of the shareprice and the statements from Mr. Lai i am currently thinking of
repurchasing my shares i had sold.
>>"In three years we could be in the top 10 seeds companies in the world . That is our vision. In 10 years we want to be US$10 billion turnover."<<
http://www.nzherald.co.nz/business/n...ectid=10875679