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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (47051)	3/15/2012 9:25:37 PM
From: E_K_S	Read Replies (1) \| Respond to of 78759

It appears there is a lot of interest in Canada's grain companies. The major global leaders are in a bidding war for Viterra. Viterra Sets Up ‘Process’ After Getting Buyer Interest businessweek.com From the article:"...Archer Daniels Midland Co. (ADM), Bunge Ltd. (BG) and Noble Group Ltd. (NOBL) are in Viterra’s so-called data room after being told they must offer at least C$16 a share, dealReporter said yesterday, citing a person familiar with the situation whom it didn’t identify. Glencore is in “advanced talks” with Agrium Inc. (AGU) and Richardson International Ltd. about a joint bid for Viterra, the Financial Times said, citing industry executives it didn’t identify. A formal bid may come next week, the newspaper said...." ----------------------------------------------------------------- I own positions in all the bidders but not Glencore International Plc. It never made it on my radar. I wonder why I missed Viterra as they own all of the types of assets I find attractive. From the article:"...The company’s elevators and port terminals are well placed in Canada and Australia to serve growing demand from Asia, Zandberg said. Viterra owns more than half the grain-export capacity in Canada and all ports in South Australia, according to the company. Canada is the fourth-biggest wheat exporter after the U.S., Australia and Russia, according to the U.S. Department of Agriculture...." I still think many of the large Ag plays are still undervalued especially from the bids we are seeing for Viterra. Once the market figures how cheap these global companies are selling, I suspect we will see them bid higher based on the comparable assets they already own around the world. EKS

To: Paul Senior who wrote (47051)	7/18/2012 1:27:59 PM
From: E_K_S	Read Replies (2) \| Respond to of 78759

Ag Growth International Inc. (AGGZF) Web Site: goo.gl Increased my position in AGGZF by 150% buying back the shares I sold earlier this year. Stock may be impacted by U.S. drought by the company has limited exposure in the U.S. Their real big market for their grain equipment is in Russia. Company also pays a pretty good monthly dividend (7.3% annualized) at current price of $30.95. Set you price as this stock is thinly traded and moves significantly both up & down. EKS

To: Paul Senior who wrote (47051)	11/13/2015 3:16:15 PM
From: E_K_S	Read Replies (1) \| Respond to of 78759

Ag Growth International Inc. (AGGZF) - upped my position by 300% w/ new buys today at $22.71/share. Marine Harvest ASA (MHG) - Sold out of this Norwegian Salmon farmer and put proceeds into AGGZF. Company continues to be profitable and growing. They just acquired one of their distributor's/manufactures. That increased their debt but allows them to secure better margins on future sales. CEO said that sales of that line were now well over $5mln and it was best to fold them into the company. The company pays a monthly dividend in $CAN (0.20/month) that represent $1.81/share $US and that represents 7.9% yield. Been in Marine Harvest ASA (MHG) a long time and decided to close out the position. I accumulated my position years ago at/near $8.30/share and collected the dividend. I moved the proceeds into AGGZF that provided a higher yield and has better growth prospects. I do stay in the same sector; AG so am bullish long term as everybody must eat. Other AG companies like ADM are approaching value territory (at/near 52wk low) but I think they go lower and will be more interested if/when PE is below 10. The AG sector is very cyclical and we are in the lower end of that cycle. I suspect there will be more value buys before the cycle turns higher. EKS