Re: AgJunction Inc. (AJXGF)
Started a position in this micro-cap that provides Farms w/ in the 'cloud' software suite and Drones to better manage crop production. Company selling at 0.6x BV, has $0.11/share in cash and is growing revenues now at $40mln/year.
I see this as a growing high-tech development into managing farm production. Insiders hold a substantial amount of the stock.
Here is a write up I did on the SI Farming thread
FWIW, been watching this one for over a year and liked it at $0.96/share. So I really like it now at $0.45/share.
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Closed out my micro-cap position in International Barrier Technology Inc. (IBTGF). Booked a 50% gain after holding for over a year. I moved the proceeds from this sale into AJXGF.
About Agjunction:
AgJunction, Inc. provides innovative hardware and software applications for precision agriculture worldwide. The Company holds numerous patents and markets its products and services under leading brand names including Outback Guidance®, Satloc®, and AgJunction® Cloud Services.
AgJunction Cloud Services supports advanced farming practices and enables seamless data connectivity among growers and their agricultural service providers. System users can easily share data from many types of precision agriculture controllers on the market enabling service providers such as fertilizer dealers and agronomists to work directly with growers through the AgJunction platform for seamless data management.
The system streamlines retailer and farm operations with equipment tracking, work order management, data layer management, and comprehensive reporting.
The Company is headquartered in Hiawatha, Kansas, with facilities in Arizona, Pennsylvania, Manitoba and Queensland, Australia. AgJunction is listed on the Toronto Stock Exchange (TSX) under the symbol “AJX” and is one of the TSX Cleantech designated companies.
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