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SLTM Message Board

  • ztofv85 ztofv85 Dec 16, 2013 9:27 AM Flag

    Looks Ready to Gain 59%-80% from Current Share Price!

    If Agria (GRO) sold its shares in publicly traded PGG Wrightson (NZX: PGW) at their current market price of $0.40 and repaid all of its debt, GRO would be left with approximately $95.8 million or $1.73 per share in cash. GRO's China seeds business is one of the fastest growing agriculture businesses in the world with fiscal 2013 revenues growing by 98% to $17 million. For a company that nearly doubled revenues this past year with huge gross margins and positive cash flow from operations, GRO's China seeds could deserve an enterprise value of 2-3X sales, which would value GRO at a share price of $2.34-$2.64 - for a gain of 59%-80% from its current share price of $1.47. We own 550,000 shares and intend to sell at much higher prices.