Bulgarian grain producer and trader, Agria Group Holding (AGH) has witnessed an impressive growth on its top and bottom lines on increasing grain prices and the abundant harvest in Northeastern Bulgaria.
On 10 March 2017 Board of Directors of the Bulgarian stock Exchange made a review of the indices and as a result ELANA Agrocredit will join BGTR30 – the index of the 30 most liquid Bulgarian public companies. ELANA Agrocredit will be part of the index as of 20 March 2017. BGTR30 follows the prices… Read more
Advance Terrafund REIT (6A6 BU) sold farmland for BGN 685k in January 2017, the Company announced in a statement. It sold 472 dca of arable land for an average price of BGN 1 450/dca. The plots were part of a 2015 financial leasing contract, thus the average selling price should include a preliminary negotiated return… Read more
Leasing company ELANA Agrocredit (0EA BU) collected 98.5% of its receivables in FY2016, the Company announced in its regular monthly investor bulletin. The Company collected in total BGN 4.7m in interest from 261 out of 265 clients. It has terminated the contracts with 3 of the 4 clients and realized the collateral from two the… Read more
The most well regarded dividend stock in Bulgaria, Advance Terrafund REIT, outperformed guidance again, delivering better than expected results. FY2016 land sales came 25% above management guidance and 67% above our expectations with 15 168 dca sold over the last 12 months. Тhe average price was BGN 1 318 per dca, down 4% y/y, entailing… Read more
Biggest land REIT, Advance Terrafund sells another 1 069 dca of farmland in December with full year sales reaching 15 168 dca, according to the fund’s regular monthly newsletter. Overall fund’s performance for the FY2016 is above ELANA Trading analysts’ expectations. Farmland deals 2016 The Company’s annual sales revenues to reach BGN 20m with an… Read more
Advance Terrafund REIT expects rents and land prices to decline in the midterm on agricultural products oversupply and decline in cereal prices. The Company held a regular meeting with investors on Nov 15th 2016. It already announced 8% y/y decline in rents for the 2016/2017 farm year, starting Oct 1st 2016. Arable land prices have… Read more
The land leasing company ELANA Agrocredit collected 91% of the annual lease payments due in 2016 by the end of September, the Company announced in its regular monthly bulletin. It provides loans to farmers for arable land acquisition with the land as a collateral. Payments are structured according to the agricultural year a.k.a all annual… Read more
ELANA Agrocredit strikes a new EUR 5m credit line from EBRD to finance its leasing operations, the Company announced in a statement to the stock exchange. The loan is to be used in two EUR 2.5m tranches both bearing Euribor +2.75% interest. The line matures in 8 years. Partnering with EBRD This is the second… Read more
Agria Group Holding finalizes the acquisition of oilseed processor and sunflower oil producer Kehlibar, the company announced in a filing with the stock exchange.
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