151 days ago
Shameless David Lenigas tweets (as you can see below) that to cure poverty in African he wants to do another Lonrho. This is not the Tiny Rowlands “unacceptable face of capitalism” Lonrho but a latter version controlled by Lenigas from 2006 and sold to some Swiss chaps in 2013 for 2.9 billion Rand. What follows shows Lenigas has no shame.
3020 days ago
Our thoughts this morning are, naturally, with Yusuf Kajee of Afriag (AFRI) as he stands trial in the Pretoria Commercial Crimes Court on fraud charges totalling more than 100 million Rand. Of course Yusuf was one of the players in David Lenigas run LonRho which was sold five years ago only for the new owner to find that its accounts were grotesquely overstated.
The two key parts of Lonrho where the new owner found the sums did not add up were the Rollex logistics business run by Yusuf's pal Paul de Robbilard and the Oceanfresh seafood business.
3050 days ago
The attempts of David Lenigas et al to hide the Afriag Magazine from investors have been foiled. Now you can read about Yusuf, Paul of Rollex infamy, rebranded tobacco factories from the Lonrho days and so much more thanks to ShareProphets and kind readers who assisted us... Dave, what exactly are you trying to hide?
3050 days ago
Even before the shock resignation of fat Aussie share ramper David Lenigas today, Afriag (AFRI) was a slam dunk sell. It is almost out of cash, is burning cash and its major asset is a 40% stake in a a Zim South business run by "colourful " Yusuf Kajee & Paul de Robillard, a man accused by Lonrho when run by David Lenigas of being a tobacco smuggler and whose company before Afriag is the subject of a live criminal investigation in South Africa. Paul & Yusuf featured heavily in a ramptastic Afriag Magazine published two weeks ago on the Afriag website. But...
3053 days ago
Does anyone at AIM actually care whether David Lenigas tells the truth in any RNS statements any more? It appears that Nomad Cairn and AIM regulation do not give a FF. I shall now demonstrate to you a slam dunk and material untruth in an Afriag (AFRI) RNS.
3055 days ago
Clearly the twitter addiction of David Lenigas is contagious as his Afriag (AFRI) colleague Yusuf Ismail Kajee is plaguing me on twitter with dozens of tweets, he is emailing and posting here in ShareProphets an invitation to South Africa. Where Yusuf fitted in at Lonrho and at Afriag in the world of tobacco is explained HERE. The original message reads:
3056 days ago
We have already seen that when Lonrho ( then chairman Jabba The Hutt) subsidiary Rollex was caught tobacco smuggling, it said that the company was blameless but this was merely PA activity by Paul de Robillard (HERE). Notwithstanding this David Lenigas vehicle Afriag's (AFRI) biggest investment is a 40% stake in another Robillard company (Afriag SA) involved in logistics. But here's a third Robillard company, Doltek.
3058 days ago
Jabba The Hutt knew I was running a piece today on Afriag (AFRI) so braced the lemmings, the few peasants who still believe him, with a twitter smear callimg me a drunken twirp (sic) and predicting I would produce a whole new set of "unfounded lies". I have never penned one lie on Jabba, all my damning criticisms are valid and today's Afriag article is no different in that respect, it is a bombshell. Just in case the former Lonrho chairman wants something else to tweet about here is some more.
Here is the Jabba tweet
3058 days ago
Fridays focus of ramping for David Lenigas was AIM listed AfriAg (AFRI) But what is this company and who is involved? I sense the ghost of LonRho, what follows makes this an uber-bargepole stock
Note: There are two AfriAgs in this tale – a UK Listed AfriAg (plc) with the ticker AFRI. Confusingly there is also a private South African company with the same name - AfriAg (Pty) Ltd. I will refer to the UK company as AfriAg plc and the South African one as AfriAg SA.
Big Dave Lenigas
