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Alterra to bank $695k R&D tax scheme refund Bulls N' Bears 22 Mar 2021

Alterra to bank $695k R&D tax scheme refund

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ASX-listed WA agribusiness avocado orchard developer, Alterra Ltd says it expects to bank nearly $700,000 courtesy of the Federal Government's research and development tax incentive scheme. According to the company, the government scheme, administered by the ATO, recognises the innovative avocado growing methodology it has implemented across the initial five-hectare planting out of its flagship Carpenters avocado project development in WA's South West.

Key shareholders back Alterra agribusiness vision Bulls N' Bears 01 Mar 2021

Key shareholders back Alterra agribusiness vision

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WA agribusiness and Pemberton avocado orchard developer, Alterra Ltd's shareholder register has been fortified following the sale of a block of shares by its former chairman. Existing major Alterra shareholder, Sandon Capital and fellow major shareholders, Emanuel Exports and the Daws family, who came on board six months ago, have stepped up to the plate to boost their holdings to 22.2 per cent and 19.95 per cent, respectively.

Appointments 01 Feb 2021

Board Moves February 1, 2021

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Our board moves wrap includes Mark Clements, John Palermo, Trevor Stoney, Boyd Timler, Edward Mead, Joan Dabon, Kim Hogg, Qiang Du, CanWu Zheng, HuiJie Duan, LingQuan Kong, Kevin Tomlinson, Trevor Schultz, Jess Oram, David Sproule, Michael Meintjes, and Graeme Rapley.

Alterra tables bullish feasibility study on SW avocado project Bulls N' Bears 14 Jan 2021

Alterra tables bullish feasibility study on SW avocado project

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ASX-listed agribusiness developer, Alterra has tabled a double-digit IRR feasibility study for the 30-year life span of its planned 300-hectare Carpenters Avocado project near Pemberton in the South West region of Western Australia. The company also said construction of a 4.1 gigalitre dam to irrigate the project had commenced with the first 50-hectare planting due this year, subject to funding.

Alterra finalises non-core property sale Bulls N' Bears 21 Dec 2020

Alterra finalises non-core property sale

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ASX-listed agribusiness developer, Alterra's sale of the final sections of its “non-core” Dambadgee Springs farming property in Dandaragan north of Perth has gone unconditional. The final tranche of the overall transaction, which incorporates the rights to income from the nearby Yandin wind farm, comprised two blocks of land that fetched $2.8 million. The property was sold to a local farmer for a total price of $4.4 million.

Alterra executes Dambadgee Springs sale Bulls N' Bears 19 Nov 2020

Alterra executes Dambadgee Springs sale

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ASX-listed Alterra Ltd will sell the third tranche of its legacy Dambadgee Springs agricultural land in the town of Dandaragan, north of Perth, significantly progressing its efforts to become a major agribusiness developer in Western Australia. The sale, once completed, will allow it to accelerate its flagship Carpenters avocado project in WA's south-east.

Alterra raises $1.7 million for horticultural projects Bulls N' Bears 16 Sep 2020

Alterra raises $1.7 million for horticultural projects

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ASX-listed agribusiness developer, Alterra Ltd, has successfully rattled the tin for $1.7 million following a placement to new investor, Emanuel Exports and existing major shareholder, Sandon Capital Investments. In a boost for Alterra's financing aspirations for its WA agricultural projects, Emanuel will emerge as a major shareholder with 15 per cent ownership of Alterra's expanded issued capital, whilst Sandon maintains its 19.2 per cent stake.

McGlue takes the Chair at Alterra Bulls N' Bears 28 Jul 2020

McGlue takes the Chair at Alterra

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ASX-listed agribusiness developer, Alterra Ltd, has elevated Non-Executive Director John McGlue to the Chairman's role as the company advances towards completing feasibility studies on its Carpenters, 300-hectare avocado development in Pemberton. McGlue replaces well known farmer, Trevor Stoney, who served as Chairman from 2012 but remains on the Board as a Non-Executive Director as the company moves forwards with its new business model.

Water key for Alterra to deliver on Avocado strategy Bulls N' Bears 22 Jun 2020

Water key for Alterra to deliver on Avocado strategy

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ASX-listed Agribusiness developer, Alterra Ltd has turned the earth at its operation near Pemberton as it ramps up activity towards September this year when it intends to plant out the first five hectares of avocado orchard at its 300-hectare Carpenters project in WA's premier south-west growing region. Alterra said water management would be key to delivering success at its institutional investment-grade agricultural asset.

Franklin signs on as Alterra CFO Bulls N' Bears 15 Jun 2020

Franklin signs on as Alterra CFO

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ASX-listed Agribusiness developer, Alterra Ltd, has appointed corporate finance veteran, Mike Franklin as its Chief Financial Officer, strengthening a team that recently added capital markets specialist, John McGlue to its ranks of non-executive directors. Franklin was previously CFO then CEO of Titan Australia, a fully owned subsidiary of NYSE listed Titan International, Australia's largest wheel and axle manufacturer for the agricultural, mining and construction industries.

McGlue joins Alterra Board Bulls N' Bears 10 Jun 2020

McGlue joins Alterra Board

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ASX-listed Agribusiness developer, Alterra Limited, has appointed corporate communications and financial markets specialist, John McGlue to its board. McGlue is the Principal of capital markets and shareholder advisory firm, Castle Gates Australia. In 2002, Mr McGlue acquired a 50% interest in financial PR firm Porter Novelli Perth and in 2008, the combined business was acquired by NYSE-listed FTI Consulting.

Alterra cashes up to pursue new strategy with $3M land sale Bulls N' Bears 13 May 2020

Alterra cashes up to pursue new strategy with $3M land sale

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Perth-based agricultural investment and management company, Alterra, has entered into two contracts to sell 913 hectares of its 1,640Ha “Dambadgee Springs” property near Dandaragan in Western Australia to a local farmer. The total value of the two contracts is $3.1M and the ASX-listed company said it plans to retain $2.0M as working capital with the balance utilised to retire debt.

Alterra strikes deal to channel family office money into ag investments Bulls N' Bears 30 Apr 2020

Alterra strikes deal to channel family office money into ag investments

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ASX-listed agricultural investment and management company, Alterra, has placed a major piece of its strategic puzzle into place after the Perth-based company inked a deal with Sydney-based family office investment platform, CapRaise, to source capital for its ongoing agricultural projects from a pool of up to 114 family offices that CapRaise provides investment opportunities for.

Alterra executes Avocado strategy Bulls N' Bears 08 Apr 2020

Alterra executes Avocado strategy

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Just 12 months after taking the helm at ASX-listed agricultural company, Alterra, Oliver Barnes has successfully pivoted the company and made good on his business model to create long term investment grade agricultural assets that are attractive to the institutional investment market. Alterra is set to become one of WA's leading avocado orchard developers after leasing 300ha of prime land near Pemberton in WA.

Alterra taps Harvey grower for avocado data & expertise Bulls N' Bears 13 Mar 2020

Alterra taps Harvey grower for avocado data & expertise

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Alterra has tapped into the database, knowledge banks and networks of well-known Harvey avocado and citrus grower, Richard Eckersley. The parties have inked “Local Partner and Data Access” agreements that provide Alterra with access to the expert grower's cropping data for 15 years and Eckersley will also act as something of a forward scout in the South West for Alterra who is on the hunt for investment grade crops.

Alterra ramps up agri operations with new regional manager Bulls N' Bears 17 Feb 2020

Alterra ramps up agri operations with new regional manager

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Agricultural asset development and management firm, Alterra, has appointed a new member to its team with Paul Good taking up the position of South West Regional Manager, bringing with him nearly 20 years' of industry know-how. Alterra is looking to shake up the agribusiness sector with a business model that will see it co-invest with mostly institutional investors in managed crops with avocados looking like being the early opener.

McGlue to advise Alterra Bulls N' Bears 03 Jan 2020

McGlue to advise Alterra

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Alterra has appointed John McGlue to its advisory board as it gears up to enter the potentially lucrative agricultural sector with an initial focus on the avocado market. McGlue brings over 30 years of experience in corporate communications and financial markets to Alterra and he is the founder and Principal of corporate advisory firm, Castle Gates Australia. Alterra provides a co-investment model as a potential vehicle for farmers to diversify their conventional bank funding models.

Alterra secures long term income stream in Alinta deal Bulls N' Bears 03 Dec 2019

Alterra secures long term income stream in Alinta deal

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Agricultural asset developer, Alterra, has signed a property rights agreement for its Dambadgee Springs investment property in Western Australia that could see $2.5 million flow into the company's coffers over the next 25 years. The PRA will allow the construction and operation of wind turbines at the evolving $400 million Yandin wind farm in the WA wheatbelt shire of Dandaragan.

Alterra to become Avocado expert Bulls N' Bears 06 Nov 2019

Alterra to become Avocado expert

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ASX-listed agricultural asset development firm Alterra, has entered into some potentially lucrative agreements that secure exclusive rights to access quantitative avocado data with Western Australian producer, French's Group. Alterra will have access to genetic information from avocados that have been selectively produced over the past 33 years and use the science behind the fruit to optimise soil, water and nutrient use in under-utilised agricultural lands.

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