Doing Business 2

[parsley]

https://www.google.ca/amp/thestarphoenix.com/business/local-business/murad-al-katibs-lentil-revolution/amp


So.... He has sold $9B worth of lentils in 12 years. The business is valued at $1.03B.

$4.1 million in profit. Huh?

Where is the real profit going?
And who are the biggest lentil sellers?

Fair questions.

[parsley]

Numbers. Do your math homework on the financials.

[iceman]

He just increases the share float to get the capital to buy assets

The Suits in TO haven't caught on yet.

But someone from the pulse growers please chime in about how he is the god of the industry


Iceman Out

[hobbyfrmr]

He just increases the share float to get the capital to buy assets

The Suits in TO haven't caught on yet.

But someone from the pulse growers please chime in about how he is the god of the industry


Iceman Out

I dont the man personally, but I am willing to claim he has done more to develop the Saskatchewan lentil industry than any lentil farmer that I know.
Lentil farmers should think of that. How many cheques did his company write to farmers? I know, I know every farmer got screwed somehow.

[parsley]

$4.1M Profit from $9B in sales.

Over 12 years
Why do the numbers seem odd

[sumdumguy]

Pretty slim profit margin? Is that what you think Pars?

[wmoebis]

$4.1M Profit from $9B in sales.

Over 12 years
Why do the numbers seem odd

Would that be after investments? Think he/they have purchased a lot of infrastructure.

[iceman]

I dont the man personally, but I am willing to claim he has done more to develop the Saskatchewan lentil industry than any lentil farmer that I know.
Lentil farmers should think of that. How many cheques did his company write to farmers? I know, I know every farmer got screwed somehow.

Only the farmers who had forward contracts with him last yr got screwed. Easy to write cheques when you decide what the amount will be. But hey he goes on BNN and pumps saskabush lentils so he must be great.


Iceman Out

[iceman]

Would that be after investments? Think he/they have purchased a lot of infrastructure.

Infrastructure was purchased mainly with issuing more shares.

Iceman Out

[SASKFARMER3]

Oh it's all connected to th regina bypass.

He is a strong supporter of Saskatchewan lentils.

But the 4 mill on 8 bill doesn't add up

[bucket]

What the Friday.....you people have the odasity to question the businessman of the world?


How dare you question this great Saskatchewan product who built a business out of his parents basement?

[farmaholic]

$4.1m profit from $9b in sales.

Over 12 years
why do the numbers seem odd

"creative accounting"?

[TASFarms]

Maybe he paid himself and took a big wage

[sumdumguy]

Or STEP and the province?

[dave4441]

This the issue i have been talking about. Demand is poor and Canadian product is deemed as poor quality so alot of red lentil demand shifted to Australia which is stilling selling harvested product from Dec 2016. AGT does have assets in Australia but still tough market with low margins on commodity side. Previous years profits where higher. Last 12 months has been very tough.

If a company makes alot of money they are screwing the farmer. If they don't have high profits they are hiding it. Yeesh