ANFI is back in the news. Can this NYSE-listed alert run +143%!?
Zaktualizowano
===========================
ANFI (Amira Nature Foods Ltd.)
Float: 19.52M
Alert Price: $1.09
Target Price: $6.00
Investor Presentation
Investor Webcast
Website | Recent News
====================
Members,
Today's alert may have traded sideways, but we still remain bullish with our long term outlook.
For our next trade alert, we are swinging for the fences with one of the hottest tickers listed on the NYSE.
Please turn your immediate attention to ANFI (Amira Nature Foods Ltd.).
We've been keeping a close eye on this global provider of packaged Indian specialty rice ever since we watched it run-up nearly +88% from $0.33 to $0.62 on December 26th.
After watching that +88% move, we knew we had to bring this ticker to your attention, which we did on January 8th.
On that day, shares of ANFI jumped up +75% in just one session, and went on to hit a multi-day high of $1.22, for a gain of +143%!
ANFI is now back in the news, and we have a feeling it could be going viral once again today.
Today the Company announced that they have completed financing in the amount of EUR25 million.
The debt was raised by Amira’s European subsidiary. The proceeds from the financing are expected to strengthen Amira’s international business.
Karan A. Chanana, Amira’s Chairman and Chief Executive Officer, commented, “We are excited to announce this financing and believe it will strongly support Amira’s international business.”
We couldn't be happier with ANFI's management's commitment to strengthening their international business.
We see international business as a major source of ANFI's revenue in the years to come.
Rice is the primary staple for over 50 percent of the world's population and provides more than 20-percent of the global caloric intake
It represents thirty-percent of caloric consumption in Asia
Europe Basmati Rice Market was valued at $491 million in 2016 is expected to reach $615 million by 2023, at a CAGR of 3.2% from 2017 to 2023.
Rice consumption around the world is anticipated to continue to grow steadily at around 1.1 per cent per annum to 2025 when it is expected to reach a market volume of 570 million tonnes (Mt), according to a new rice market report published by market research firm IndexBox.
As you can see, ANFI is operating in a huge growth market.
It's no wonder why its average analyst price target is $6.00.
Here are a few things other things we love about ANFI:
Low float of just 19.52M
Listed on the NYSE (High Liquidity)
Rated Strong Buy on barchart.com, their highest level of confidence
Trading well below its average analyst price target of $6.00 (+450% Upside)
Entered into a, approximately $30 million contract, to supply third party branded basmati rice to a repeat customer in the Europe, Middle East, and Africa (“EMEA”) region. The Company expects to recognize the benefit of this contract in the fiscal 2020 ending March 31, 2020.
About Amira Nature Foods
Founded in 1915, Amira has evolved into a global provider of packaged Indian specialty rice, with sales in over 40 countries today. Amira sells Basmati rice, premium long-grain rice grown only in certain regions of the Indian sub-continent, under their flagship Amira brand as well as under other third party brands. Amira sells its products primarily in emerging markets through a broad distribution network. Amira’s headquarters are in Dubai, United Arab Emirates, and it also has offices in India, Germany, the United Kingdom, and the United States.
We believe that ANFI's next big bullish run-up could start today, and urging all of our members to act fast, start their research, and consider building a position in ANFI this morning at 9:30AM EST
Company Highlights:
Large Staple Consumer Category with Highly Supportive Industry and Sub Category Fundamentals
A Market Lead with Differentiated Business Model
Globally Diversified with Wide Customer Base and Broad Product Portfolio
Vertically Integrated "State-of-the-art" Supply Chain and Operations
Strong Financial Track Record, Underpinned by Stable Margins
Highly Experienced and Successful Management Team
Entered into a, approximately $30 million contract, to supply third party branded basmati rice to a repeat customer in the Europe, Middle East, and Africa (“EMEA”) region. The Company expects to recognize the benefit of this contract in the fiscal 2020 ending March 31, 2020.
Since its founding in 1915, Amira has evolved from a domestic, family owned Indian business to a professionally managed, global branded, publicly traded, growing packaged food company.
Not only is the stock potentially undervalued based on its revenues and earnings, ANFI is also trading well below its book value, with a price-to-book ratio of 0.10, while the industry average is 1.81.
With ANFI trading well below the industry average for some key valuation ratios, it could be a value play, and could even attract potential buyers.
Moreover, Amira was able to increase at a compound annual growth rate of 15.5% between 2010 and 2017. With such high revenue growth rates, this company could be significantly undervalued by the market.
According to Finviz, over 50% of the company is owned by insiders. That in mind, that shows that the company’s officers, directors, and key insiders are confident in the company.
The Company has received numerous accolades:
Since 2010, Amira has been recognized in multiple years by the World Economic Forum as a “Global Growth Company”, an
invitation-only community consisting of ~300 of the world’s fastest-growing corporations
The World Consulting & Research Corporation named Amira one of “Asia’s Most Promising Brands”
Planman Marcom voted Amira the “INDIAN POWERBRAND” in the Food Category in 2011 and 2013
Amir was voted best partner in the “Staples” category in 2013 at the Bharti Walmart Private Limited Annual Supplier Conference
VWP World Brand recognized the Amira Brand as “The Admired Brand of India” in 2014–2015
Inc. India featured Amira as one of India’s fastest growing mid-sized companies in 2010, 2011, 2012 and 2013
Product Portfolio
Approximately three quarters of sales come from Basmati rice, the core focus of the company;
Sells more than 20 owned brands globally, spanning numerous price points;
Amira in India
Amira has established 15 Company managed distribution centers in India to provide it greater control over its expansion efforts in its home country location.
Amira is one of a handful of large relevant players in the domestic India market.
Amira represents a meaningful opportunity to consolidate the market over time.
Recent Developments
Amira Nature Foods Ltd Completes Debt Financing of EUR25mn to Support International Expansion
Today the Company announced in completed financing in the amount of EUR25 million. The debt contains a fixed interest rate of 8.5% and is due December 17, 2023. The debt was raised by Amira’s European subsidiary. The proceeds from the financing are expected to strengthen Amira’s international business.
Karan A. Chanana, Amira’s Chairman and Chief Executive Officer, commented, “We are excited to announce this financing and believe it will strongly support Amira’s international business.”
Market Outlook
Rice is a 275bn Global Staple Category with Favorable Market Conditions
Rice is the primary staple for >50% of the world’s population and provides > 20% of the global caloric intake
Represents 30% of caloric consumption in Asia(4)
Defensive and non-cyclical with steady growth
Improves with age and has an extremely long shelf life (up to 5+ years) if stored properly
Global rice consumption is growing, estimated to reach c.483 million metric tonnes in 2017(5)
The global rice market is estimated at 275B and has grown at 2% volume CAGR over the 2010 – 2015 period
Technical Analysis
As we stated above, we've been keeping a close eye on ANFI ever since we watched it run-up nearly +88% from $0.33 to $0.62 on December 26th.
The last time we brought ANFI to your attention, shares jumped up +75% in just one session, and went on to hit a multi-day high of $1.22, for a gain of +143%!
The float of ANFI is extremely low for a NYSE listed company at just 19.52M.
Despite its recent run-up, ANFI shares are still trading near the lower end of their 52-week price channel, and we see plenty of upside from today's alert price.
The analyst's at barchart.com agree with us as well.
They currently have ANFI Rated as a Strong Buy, their highest level of confidence.
ANFI's chart is currently displaying buy signals in the following in key indicators:
Composite Indicator
TrendSpotter BUY
Short Term Indicators
7 Day Average Directional Indicator BUY
20 Day Moving Average vs Price BUY
20 - 50 Day MACD Oscillator BUY
Medium Term Indicators
50 Day Moving Average vs Price BUY
20 - 100 Day MACD Oscillator BUY
50 Day Parabolic Time/Price BUY
Long Term Indicators
100 Day Moving Average vs Price BUY
50 - 100 Day MACD Oscillator BUY
We believe that ANFI has a good chance of going viral, and making another huge move today.
As such we are urging everyone to start their research now, add it to the top of their research now, and consider building a position this morning at 9:30AM EST.
(*Remember to use a Stop-Loss Order or basic Limit Order to protect your gains, as well as limit possible losses.)
Best Regards,
The TopMarketGainers Team
Don't Miss Our Next Huge Winner...
Text 'GAINS' to '67076'
to have our Trade Alerts
Delivered Direct
to your Cell Phone.
(There is no charge.
Msg&data rates may apply.)
DISCLAIMER
This newsletter is a paid advertisement, not a recommendation nor an offer to buy or sell securities. This newsletter is owned, operated and edited by both MJ Capital, LLC and PennyStockLocks, LLC. Any wording found in this e-mail or disclaimer referencing to “I” or “we” or “our” refers to MJ Capital, LLC and PennyStockLocks, LLC. Our business model is to be financially compensated to market and promote small public companies. By reading our newsletter and our website you agree to the terms of our disclaimer, which are subject to change at any time. We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and are therefore are unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and is for entertainment purposes only. At most, this communication should serve only as a starting point to do your own research and consult with a licensed professional regarding the companies profiled and discussed. Conduct your own research. Companies with low price per share are speculative and carry a high degree of risk, so only invest what you can afford to lose. By using our service you agree not to hold our site, its editor’s, owners, or staff liable for any damages, financial or otherwise, that may occur due to any action you may take based on the information contained within our newsletters or on our website.
We do not advise any reader take any specific action. Losses can be larger than expected if the company experiences any problems with liquidity or wide spreads. Our website and newsletter are for entertainment purposes only. Never invest purely based on our alerts. Gains mentioned in our newsletter and on our website may be based on end-of-day or intraday data. This publication and their owners and affiliates may hold positions in the securities mentioned in our alerts, which we may sell at any time without notice to our subscribers, which may have a negative impact on share prices. If we own any shares we will list the information relevant to the stock and number of shares here. MJ Capital does NOT own any shares of the companies mentioned herewithin, nor intends to buy any in the future.
MJ Capital’s business model is to receive financial compensation to promote public companies. We have been compensated five thousand dollars by World Wide Holdings dba Invictus Resources to conduct investor relations advertising and marketing for ANFI. We have been previously compensated five thousand dollars by World Wide Holdings dba Invictus Resources to conduct investor relations advertising and marketing for ANFI -which has expired. Any compensation is a major conflict of interest in our ability to be unbiased. Therefore, this communication should be viewed as a commercial advertisement only. We have not investigated the background of the hiring third party or parties. The third party, profiled company, or their affiliates likely wish to liquidate shares of the profiled company at or near the time you receive this communication, which has the potential to hurt share prices. Any non-compensated alerts are purely for the purpose of expanding our database for the benefit of our future financially compensated investor relations efforts. Frequently companies profiled in our alerts may experience a large increase in volume and share price during the course of investor relations marketing, which may end as soon as the investor relations marketing ceases. The investor relations marketing may be as brief as one day, after which a large decrease in volume and share price is likely to occur. Our emails may contain forward looking statements, which are not guaranteed to materialize due to a variety of factors.
We do not guarantee the timeliness, accuracy, or completeness of the information on our site or in our newsletters. The information in our email newsletters and on our website is believed to be accurate and correct, but has not been independently verified and is not guaranteed to be correct. The information is collected from public sources, such as the profiled company’s website and press releases, but is not researched or verified in any way whatsoever to ensure the publicly available information is correct. Furthermore, MJ Capital often employs independent contractor writers who may make errors when researching information and preparing these communications regarding profiled companies. Independent writers’ works are double-checked and verified before publication, but it is certainly possible for errors or omissions to take place during editing of independent contractor writer’s communications regarding the profiled company(s). You should assume all information in all of our communications is incorrect until you personally verify the information, and again are encouraged to never invest based on the information contained in our written communications. The information in our disclaimers is subject to change at any time without notice.
ANFI (Amira Nature Foods Ltd.)
Float: 19.52M
Alert Price: $1.09
Target Price: $6.00
Investor Presentation
Investor Webcast
Website | Recent News
====================
Members,
Today's alert may have traded sideways, but we still remain bullish with our long term outlook.
For our next trade alert, we are swinging for the fences with one of the hottest tickers listed on the NYSE.
Please turn your immediate attention to ANFI (Amira Nature Foods Ltd.).
We've been keeping a close eye on this global provider of packaged Indian specialty rice ever since we watched it run-up nearly +88% from $0.33 to $0.62 on December 26th.
After watching that +88% move, we knew we had to bring this ticker to your attention, which we did on January 8th.
On that day, shares of ANFI jumped up +75% in just one session, and went on to hit a multi-day high of $1.22, for a gain of +143%!
ANFI is now back in the news, and we have a feeling it could be going viral once again today.
Today the Company announced that they have completed financing in the amount of EUR25 million.
The debt was raised by Amira’s European subsidiary. The proceeds from the financing are expected to strengthen Amira’s international business.
Karan A. Chanana, Amira’s Chairman and Chief Executive Officer, commented, “We are excited to announce this financing and believe it will strongly support Amira’s international business.”
We couldn't be happier with ANFI's management's commitment to strengthening their international business.
We see international business as a major source of ANFI's revenue in the years to come.
Rice is the primary staple for over 50 percent of the world's population and provides more than 20-percent of the global caloric intake
It represents thirty-percent of caloric consumption in Asia
Europe Basmati Rice Market was valued at $491 million in 2016 is expected to reach $615 million by 2023, at a CAGR of 3.2% from 2017 to 2023.
Rice consumption around the world is anticipated to continue to grow steadily at around 1.1 per cent per annum to 2025 when it is expected to reach a market volume of 570 million tonnes (Mt), according to a new rice market report published by market research firm IndexBox.
As you can see, ANFI is operating in a huge growth market.
It's no wonder why its average analyst price target is $6.00.
Here are a few things other things we love about ANFI:
Low float of just 19.52M
Listed on the NYSE (High Liquidity)
Rated Strong Buy on barchart.com, their highest level of confidence
Trading well below its average analyst price target of $6.00 (+450% Upside)
Entered into a, approximately $30 million contract, to supply third party branded basmati rice to a repeat customer in the Europe, Middle East, and Africa (“EMEA”) region. The Company expects to recognize the benefit of this contract in the fiscal 2020 ending March 31, 2020.
About Amira Nature Foods
Founded in 1915, Amira has evolved into a global provider of packaged Indian specialty rice, with sales in over 40 countries today. Amira sells Basmati rice, premium long-grain rice grown only in certain regions of the Indian sub-continent, under their flagship Amira brand as well as under other third party brands. Amira sells its products primarily in emerging markets through a broad distribution network. Amira’s headquarters are in Dubai, United Arab Emirates, and it also has offices in India, Germany, the United Kingdom, and the United States.
We believe that ANFI's next big bullish run-up could start today, and urging all of our members to act fast, start their research, and consider building a position in ANFI this morning at 9:30AM EST
Company Highlights:
Large Staple Consumer Category with Highly Supportive Industry and Sub Category Fundamentals
A Market Lead with Differentiated Business Model
Globally Diversified with Wide Customer Base and Broad Product Portfolio
Vertically Integrated "State-of-the-art" Supply Chain and Operations
Strong Financial Track Record, Underpinned by Stable Margins
Highly Experienced and Successful Management Team
Entered into a, approximately $30 million contract, to supply third party branded basmati rice to a repeat customer in the Europe, Middle East, and Africa (“EMEA”) region. The Company expects to recognize the benefit of this contract in the fiscal 2020 ending March 31, 2020.
Since its founding in 1915, Amira has evolved from a domestic, family owned Indian business to a professionally managed, global branded, publicly traded, growing packaged food company.
Not only is the stock potentially undervalued based on its revenues and earnings, ANFI is also trading well below its book value, with a price-to-book ratio of 0.10, while the industry average is 1.81.
With ANFI trading well below the industry average for some key valuation ratios, it could be a value play, and could even attract potential buyers.
Moreover, Amira was able to increase at a compound annual growth rate of 15.5% between 2010 and 2017. With such high revenue growth rates, this company could be significantly undervalued by the market.
According to Finviz, over 50% of the company is owned by insiders. That in mind, that shows that the company’s officers, directors, and key insiders are confident in the company.
The Company has received numerous accolades:
Since 2010, Amira has been recognized in multiple years by the World Economic Forum as a “Global Growth Company”, an
invitation-only community consisting of ~300 of the world’s fastest-growing corporations
The World Consulting & Research Corporation named Amira one of “Asia’s Most Promising Brands”
Planman Marcom voted Amira the “INDIAN POWERBRAND” in the Food Category in 2011 and 2013
Amir was voted best partner in the “Staples” category in 2013 at the Bharti Walmart Private Limited Annual Supplier Conference
VWP World Brand recognized the Amira Brand as “The Admired Brand of India” in 2014–2015
Inc. India featured Amira as one of India’s fastest growing mid-sized companies in 2010, 2011, 2012 and 2013
Product Portfolio
Approximately three quarters of sales come from Basmati rice, the core focus of the company;
Sells more than 20 owned brands globally, spanning numerous price points;
Amira in India
Amira has established 15 Company managed distribution centers in India to provide it greater control over its expansion efforts in its home country location.
Amira is one of a handful of large relevant players in the domestic India market.
Amira represents a meaningful opportunity to consolidate the market over time.
Recent Developments
Amira Nature Foods Ltd Completes Debt Financing of EUR25mn to Support International Expansion
Today the Company announced in completed financing in the amount of EUR25 million. The debt contains a fixed interest rate of 8.5% and is due December 17, 2023. The debt was raised by Amira’s European subsidiary. The proceeds from the financing are expected to strengthen Amira’s international business.
Karan A. Chanana, Amira’s Chairman and Chief Executive Officer, commented, “We are excited to announce this financing and believe it will strongly support Amira’s international business.”
Market Outlook
Rice is a 275bn Global Staple Category with Favorable Market Conditions
Rice is the primary staple for >50% of the world’s population and provides > 20% of the global caloric intake
Represents 30% of caloric consumption in Asia(4)
Defensive and non-cyclical with steady growth
Improves with age and has an extremely long shelf life (up to 5+ years) if stored properly
Global rice consumption is growing, estimated to reach c.483 million metric tonnes in 2017(5)
The global rice market is estimated at 275B and has grown at 2% volume CAGR over the 2010 – 2015 period
Technical Analysis
As we stated above, we've been keeping a close eye on ANFI ever since we watched it run-up nearly +88% from $0.33 to $0.62 on December 26th.
The last time we brought ANFI to your attention, shares jumped up +75% in just one session, and went on to hit a multi-day high of $1.22, for a gain of +143%!
The float of ANFI is extremely low for a NYSE listed company at just 19.52M.
Despite its recent run-up, ANFI shares are still trading near the lower end of their 52-week price channel, and we see plenty of upside from today's alert price.
The analyst's at barchart.com agree with us as well.
They currently have ANFI Rated as a Strong Buy, their highest level of confidence.
ANFI's chart is currently displaying buy signals in the following in key indicators:
Composite Indicator
TrendSpotter BUY
Short Term Indicators
7 Day Average Directional Indicator BUY
20 Day Moving Average vs Price BUY
20 - 50 Day MACD Oscillator BUY
Medium Term Indicators
50 Day Moving Average vs Price BUY
20 - 100 Day MACD Oscillator BUY
50 Day Parabolic Time/Price BUY
Long Term Indicators
100 Day Moving Average vs Price BUY
50 - 100 Day MACD Oscillator BUY
We believe that ANFI has a good chance of going viral, and making another huge move today.
As such we are urging everyone to start their research now, add it to the top of their research now, and consider building a position this morning at 9:30AM EST.
(*Remember to use a Stop-Loss Order or basic Limit Order to protect your gains, as well as limit possible losses.)
Best Regards,
The TopMarketGainers Team
Don't Miss Our Next Huge Winner...
Text 'GAINS' to '67076'
to have our Trade Alerts
Delivered Direct
to your Cell Phone.
(There is no charge.
Msg&data rates may apply.)
DISCLAIMER
This newsletter is a paid advertisement, not a recommendation nor an offer to buy or sell securities. This newsletter is owned, operated and edited by both MJ Capital, LLC and PennyStockLocks, LLC. Any wording found in this e-mail or disclaimer referencing to “I” or “we” or “our” refers to MJ Capital, LLC and PennyStockLocks, LLC. Our business model is to be financially compensated to market and promote small public companies. By reading our newsletter and our website you agree to the terms of our disclaimer, which are subject to change at any time. We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and are therefore are unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and is for entertainment purposes only. At most, this communication should serve only as a starting point to do your own research and consult with a licensed professional regarding the companies profiled and discussed. Conduct your own research. Companies with low price per share are speculative and carry a high degree of risk, so only invest what you can afford to lose. By using our service you agree not to hold our site, its editor’s, owners, or staff liable for any damages, financial or otherwise, that may occur due to any action you may take based on the information contained within our newsletters or on our website.
We do not advise any reader take any specific action. Losses can be larger than expected if the company experiences any problems with liquidity or wide spreads. Our website and newsletter are for entertainment purposes only. Never invest purely based on our alerts. Gains mentioned in our newsletter and on our website may be based on end-of-day or intraday data. This publication and their owners and affiliates may hold positions in the securities mentioned in our alerts, which we may sell at any time without notice to our subscribers, which may have a negative impact on share prices. If we own any shares we will list the information relevant to the stock and number of shares here. MJ Capital does NOT own any shares of the companies mentioned herewithin, nor intends to buy any in the future.
MJ Capital’s business model is to receive financial compensation to promote public companies. We have been compensated five thousand dollars by World Wide Holdings dba Invictus Resources to conduct investor relations advertising and marketing for ANFI. We have been previously compensated five thousand dollars by World Wide Holdings dba Invictus Resources to conduct investor relations advertising and marketing for ANFI -which has expired. Any compensation is a major conflict of interest in our ability to be unbiased. Therefore, this communication should be viewed as a commercial advertisement only. We have not investigated the background of the hiring third party or parties. The third party, profiled company, or their affiliates likely wish to liquidate shares of the profiled company at or near the time you receive this communication, which has the potential to hurt share prices. Any non-compensated alerts are purely for the purpose of expanding our database for the benefit of our future financially compensated investor relations efforts. Frequently companies profiled in our alerts may experience a large increase in volume and share price during the course of investor relations marketing, which may end as soon as the investor relations marketing ceases. The investor relations marketing may be as brief as one day, after which a large decrease in volume and share price is likely to occur. Our emails may contain forward looking statements, which are not guaranteed to materialize due to a variety of factors.
We do not guarantee the timeliness, accuracy, or completeness of the information on our site or in our newsletters. The information in our email newsletters and on our website is believed to be accurate and correct, but has not been independently verified and is not guaranteed to be correct. The information is collected from public sources, such as the profiled company’s website and press releases, but is not researched or verified in any way whatsoever to ensure the publicly available information is correct. Furthermore, MJ Capital often employs independent contractor writers who may make errors when researching information and preparing these communications regarding profiled companies. Independent writers’ works are double-checked and verified before publication, but it is certainly possible for errors or omissions to take place during editing of independent contractor writer’s communications regarding the profiled company(s). You should assume all information in all of our communications is incorrect until you personally verify the information, and again are encouraged to never invest based on the information contained in our written communications. The information in our disclaimers is subject to change at any time without notice.
Uwaga
Uwaga
Another possibility.Uwaga
Don't Miss Our Next Huge Winner...Text 'GAINS' to '67076'
to have our Trade Alerts
Delivered Direct
to your Cell Phone.
(There is no charge.
Msg&data rates may apply.)
=====================
ANFI (Amira Nature Foods Ltd.)
Float: 19.52M
Alert Price: $1.09
Current Price: $1.12
Low: $1.09
High: $1.14
Realistic Gain/Loss:
Target Price: $6.00
Investor Presentation
Investor Webcast
Website | Recent News
========================
Members,
Today's low-float, NYSE listed alert ANFI (Amira Nature Foods Ltd.) continues to trend higher on heavy trade volume.
We are getting close to breaking resistance at $1.14, and we expect to see new highs before the closing bell goes off.
As we mentioned in our previous emails, ANFI is no stranger to massive breakouts.
We've been keeping a close eye on this global provider of packaged Indian specialty rice ever since we watched it run-up nearly +88% from $0.33 to $0.62 on December 26th.
After watching that +88% move, we knew we had to bring this ticker to your attention, which we did on January 8th.
On that day, shares of ANFI jumped up +75% in just one session, and went on to hit a multi-day high of $1.22, for a gain of +143%!
ANFI is now back in the news, and we have a feeling it could be going viral once again.
Yesterday, the Company announced that they have completed financing in the amount of EUR25 million.
The debt was raised by Amira’s European subsidiary. The proceeds from the financing are expected to strengthen Amira’s international business.
Karan A. Chanana, Amira’s Chairman and Chief Executive Officer, commented, “We are excited to announce this financing and believe it will strongly support Amira’s international business.”
We couldn't be happier with ANFI's management's commitment to strengthening their international business.
We see international business as a major source of ANFI's revenue in the years to come.
Rice is the primary staple for over 50 percent of the world's population and provides more than 20-percent of the global caloric intake
It represents thirty-percent of caloric consumption in Asia
Europe Basmati Rice Market was valued at $491 million in 2016 is expected to reach $615 million by 2023, at a CAGR of 3.2% from 2017 to 2023.
Rice consumption around the world is anticipated to continue to grow steadily at around 1.1 per cent per annum to 2025 when it is expected to reach a market volume of 570 million tonnes (Mt), according to a new rice market report published by market research firm IndexBox.
As you can see, ANFI is operating in a huge growth market.
It's no surprise that its average analyst price target is $6.00.
Here are a few reasons why ANFI could be seeing new highs in the very near future:
Low float of just 19.52M
Listed on the NYSE (High Liquidity)
Rated Strong Buy on barchart.com, their highest level of confidence
Trading well below its average analyst price target of $6.00 (+450% Upside)
Entered into a, approximately $30 million contract, to supply third party branded basmati rice to a repeat customer in the Europe, Middle East, and Africa (“EMEA”) region. The Company expects to recognize the benefit of this contract in the fiscal 2020 ending March 31, 2020.
If you missed out on ANFI's last +143% multi-day breakout, you may want to consider jumping on board this time around.
We are anticipating a great afternoon of trading for ANFI, and urge you to get it on your radar immediately.
Click here to view our full profile on ANFI
(*Remember to use a Stop-Loss Order or basic Limit Order to protect your gains, as well as limit possible losses.)
Best Regards,
The TopMarketGainers Team
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