by Travis Johnson, Stock Gumshoe | June 12, 2013 1:52 pm
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Hi Travis,
I was checking with Interactive Brokers and found that i I could only buy shares of AOF with EURO. Feels wrong if one trades in London. Is that how it is? Will do more reading up on the AOF, but like your general idea about investing in Africa. I dislike those currency trades that one has to make to be able to trade. Always been loosing money this way.
Good Luck with your investment and hope to hear on AOF in the future. Thanks again you really doing great work for your favorite people. Come to think of it for your second favorite people (meaning all the potential Irregulars) as well. Wunderbar!!!
P.S. if it is not to personal, Travis, I was always wondering about how many other of your favorite people (irregulars) are out there? Very hard to guess for me, how about 10000???
Less than that, I’m afraid — we don’t disclose specific numbers, but more than a thousand and fewer than 10,000.
How about 10000 by Jan.2015. You more than deserve it. All the Best to you!
Then we need to have a n=mass facebook /twitter campaign here to boost your income! OK everyone put your time where your mouth is and put Travis and Gunshoe on your social media NOW That is a direct order LOL
Having sold my Lonrho position, I am also on the hunt for a replacement that provides exposure to Africa with a strong slant towards agricultural.
I have identified Agrittera (LON:AGTA) or (OTCMKTS:AGTAF) as the most likely candidate, as it offers many of the criteria that I liked about Lonrho with strong exposure to Africa agriculture, cattle ranching, maize farming, cocoa plantations. However, it doesn’t have any of the aspects that worried me about Lonrho, in particular the superstar executive remunerations and high stakes gamble on regional airlines.
I have been digging into the fundamentals for a week or so now and all appears well, but the stock is down over 15% during the last 3 months, which seems odd since there is growing investor interest in Africa, Agriterra revenues are increasing nicely and they have a big pile of cash from the sale of their stake in the Africa Oil field success.
Is this stock primed for a re-rating, or am I missing something that is keeping them depressed?
Would welcome any thoughts from Travis or others here have on this one.
Wish I could join you Travis (as I’m a big fan) but the illiquid factor and the emerging markets potential flight concerns me. Looking at the chart this appears to be a monster after the last crash so lets hope you are well ahead of the next one if it happens and can take a 25%+ profit.
Thanks for all your work, the best stock news letter on the market.