Long-term potential

The company will held it general meeting on July 11 to approve the blance sheets from the last few years. In connection that also remaining dept from outstanding 7,5 M USD from total 50 M USD bond which is due on 14 July is very likely to be paid back then, the company seems to survive. The negative effects from the crises during the last year due to conflict in eastern Ukraine and from Bank of Cyprus (bancruptcy of this bank suffered agroton, as they has desposited cash there) a few yeas ago seems to be largely over, but price is down approx. 90% since IPO. From balance sheet perspective, Agroton seem to be healthy now. Hope they will manage to pay also dividend like IMC in the long-term future. The ultra-low valutation with P/E < 2 and P/book value approx. 0,2 shows there would be potential of 5-fold increase of the value if company manage to prove they can remain the earnings on level from last year in the future. Also there is a big opportunity for Ukraine to replace some of grain exports from USA to China due to trade war.
Due to very low volume, it might be that the price will drop further significantly as one seller with a bigger sale could easily bring down the price below 3 PLN, but this should not be an issue for long-term investor, also CEO Mr. Zhuralov has increased it shareholding further last year.