Livestock Feeds Plc

[SKO]

Does any one have any information about this company? Getting any useful info about this stock is like pulling teeth. The last I heard was the company's intention to refurbish its four plants in anticipation of ramping up production and its marketing activities. The share current trades for less than one naira. Management claims to have successfully renegotiated debt and made a right issue late last year to raise N300m.

It worries me that the company has no website where one can at least have a feel of their direction, structure, etc. Press coverage is at best minimal but I know that Livestock Feeds used to be a major player in the Agriculture sector until it hit hard times. They've posted losses in the past few years.

What I don't know is if they're about to turn the corner as their chairman claims (he predicts the share price will rise from 97 kobo to 97 Naira when they finally get their bearing).

Anyone has any news or update? Would this be a good time to take the plunge? I just feel very uncomfortable with the sketchy info I have about the company but comparatively, it is way underpriced relative to its peers in the sector.

[Stockbear]

If admin can provide more upload space I can provide attachment for the financial year 2003 - 2006.

I have access to some financial info, but don't yet know how to utilise them, so if admin can increase upload space I will try to upload attachments for the most current info available for most companies that we all deal with so that it is readily available for everyone.

It's a service I pay for but will share if admin makes this possible.

[SKO]

Stockbear, in lieu of Admin acceding to your request, is it possible to email these reports? Please let me know. Thanks.

BTW, what service do you subscribe to that makes this info available to you. I'll be interested in evaluating such. Thanks.

[EIC]

We are glad to make room for uploads. However, we can only accept materials that are not in breach of any copyright laws. Thank you.

[Stockbear]

I'm still getting same error msg about file size. Any remedies?

Livestocks Feeds Profit.doc:
Your file of 86.0 KB bytes exceeds the forum's limit of 19.5 KB for this filetype.

[Stockbear]

@ SKO - Visit www.africanfinancialmarkets.com. They charge £10 per month or £100 for a year for the their premium service. Only their premium service provides the info we all need.

You need to have a credit or debit card in order to use their service.

If you want me too, I could send the info you need by email.

[SKO]

Thanks for your response and help. I'll appreciate it if you could forward the info on Livestock Feeds.

I've checked out the website. How do you rate its performance to date? Do you feel you get the critical information you need on a timely basis from the operators? I checked out the supposed "forum" and it's littered with pornographic threads / discussions. I guess the administrators pay no attention to this trend but it's unwholesome and could be a total turn off for some.

I'm more interested in the substance of their offering. Is it working for you?

Also, my email address is: skayode@excite.com.

[Stockbear]

@ SKO -I've sent you an email with the:

Profit & Loss
Cashflow
Valuation
Key Ratios
Balance Sheet

I'm just learning the ropes. I want to learn how to analyse stock. I would appreciate help from anyone that can help

[SKO]

I just wanted you to know that I'm yet to receive the email. Could you please resend? The address is: skayode@excite.com Thanks.

[Stockbear]

I did send it yesterday. It hasn't bounced back to me, I checked your email address and it's ok.

The only problem might be the file size. Sometimes when a file is considered too large it doesn't show up in your folder.

I'll send it either one at a time or two.