Tags
agri-business, Angry Birds, Avangardco, Chuckie Egg, eggs, IPO, Oleg Bakhmatyuk, platformers, trading update, Ukraine, Ukrlandfarming, US ADR program
Please see my recent Avangardco (AVGR:LN) post here. Since then, it’s been interesting to see Bakhmatyuk engaging more actively with the media, for example here and here. Definitely seems to be part of a gradual ramp-up to an IPO for Ukrlandfarming (Ukr) – looks like further news may even come as early as end-May. We still don’t have any real hard info, though, but I’m encouraged by positive noises to date from the company & Bakhmatyuk, and by his explicit pairing of Avangardco & Ukr (eggs & grain) in recent comments/interviews.
However, it’s obvious a significant number of shareholders (potential, or actual) will continue to view this as a stock negative until there’s a specific transaction & terms on the table to evaluate. Ironically, a counterweight to this might well be a potential Ukr transaction itself! The buzz & analyst/media blitz ahead of an IPO would be sure to generate plenty of good publicity/attention for Avangardco also. As I’ve mentioned before, fair/preferential treatment of Avangardco shareholders in a potential Ukr transaction is essential, and would provide valuable support to Bakhmatyuk in pursuit of his longer-term ambitions. Continued maintenance of a foreign listing‘s essential also (in London, obviously, but adding a US ADR program might be attractive eventually).
