SEED up 37% Today, GRO a SURE THING to EXPLODE next week!
SEED is up 37% today and the only other publicly traded China seed company is GRO! Imagine what will happen to GRO next week after investors this weekend see the HUGE gains SEED made today, and they discover GRO as a much more undervalued China seed play with much more rapidly growing revenues and a far more bullish chart! GRO's China seed revenues last year were up 98%!
Two HUGE extremely well respected investors recently took minority stakes in GRO's Agria Asia subsidiary. New Hope Group, China's largest agriculture company with $12.7 billion in revenues, invested $20 million into GRO for 11.95% of Agria Asia. Ngai Tahu, a New Zealand tribe with over $1 billion in assets, invested $12.44 million into GRO for 7.24% of Agria Asia. These two transactions value GRO's remaining 80.81% Agria Asia ownership at $135.25 million-$138.85 million. With 55.38mm shares outstanding, this equals a GRO share price of $2.44-$2.50 for its Agria Asia subsidiary alone!
GRO's Agria Asia owns 50.22% of New Zealand's largest agriculture company PGG Wrightson. New Zealand's agriculture sector is BOOMING with exports to China up 80% in November year-over-year! Including GRO's China seeds business, GRO deserves to be trading over $3 and could easily double in value next week! We own 550,000 shares of GRO and won't sell until it is trading MUCH higher.