Dear Professional Analysts,
Could you please give your professional views and analyse on this share?
I have a strong gut feeling that this share will pick very soon in this market condition since AgStar’s ability to remain resilient and profitable in a turbulent landscape.
AGST.N is trading at all time low territory these days.
It has already made a number of strategic investments in rice milling, crop care, seeds and export of spices. With regard to rice milling, plant in Anuradhapura is currently underway and it is envisaged that the plant will be fully operational in 2014. If the Government settle its debts, company will have a strong financial position very soon( It made profits without this claims). AgStar’s average overdue claims increasing to over Rs.1.5 Billion and the interest cost of delayed settlements reaching Rs.190 Million. In this regard, (As the FR 2013/2014)
NAV- 6.40, EPS- 0.14, DPS- 0.10 (Instrintic value is at around Rs.4.60-4.70)
(Disclaimer : I hold AGST.N)