WOA 6.25% 1.7¢ wide open agriculture ltd

WOA Share Price, page-295

  1. 183 Posts.
    lightbulb Created with Sketch. 31
    So, currently 99% sales is from meat (and for all intents and purposes WOA is still a sustainable meat company until other revenue hits) but the mention of Lupin research as an ingredient for the plant-based meat industry sends this to now worth 110x revenue? A good lot of Blue Sky priced in!

    Lupin also a food industry wide allergen like peanuts, anyone can see this with basic research, so very limited use when many other plant protein alternatives on sale without the risks - https://www.aaaai.org/conditions-and-treatments/library/allergy-library/lupin-allergy

    For some value, another one to look at in the plant based space is the Forbidden Foods (FFF) IPO in a couple of weeks. WOA $1.39m revenue for FY20 and $110m market cap. Forbidden Foods $4.1m revenue FY20 and $15m IPO market cap, extremely cheap. And their Aus plant-based products already out with baby foods coming amongst other things! WOA + BUB.
 
watchlist Created with Sketch. Add WOA (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.