News

July 04, 2008

Radicle Is Another Little Shoot Popping Up In London’s Agriculture Sector

By Sally White

Radicle seems to have found that it is all too correctly named! In these nervy, impatient markets there is no quarter given to embryo businesses – cash flow is the name of the game. So this little £10.5million market cap AIM-quoted Australian agri-investment company – Radicle Projects to give it its full name – is changing its structure to bring profits from its timber interests through to shareholders more quickly. This funding round should find investors a bit more savvy than at its 2005 IPO on revenue possibilities from agriculture!

 

Timber may have been just the sort of investments that shareholders had in mind when Radicle floated back in November 2005. Good assets they may be, but fast growers trees are not. Other projects in the portfolio– vineyards or almond trees – can produce income, but small at this stage. So the shares have not done too well since the 75p flotation, trading around 55p currently, although they did reach 87p back in their early history.

Radicle has just announced that it intends to...