MCL & Medcan fair Value, page-7

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vxdinh

146 Posts.

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02/11/18

18:18

Post #: 36373241
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Originally posted by Luke164 ↑

I am an optimist, but don't be overly optimistic and disappoint yourselves - I saw that some of the Medcan licenses expire 31 December 2018 / need to be renewed (assume they will be, but worst case there's hiccups) and we have yet to see proven numbers re hemp.

A $150m val on the MCL side is far over the top imo (even with AEB holding).. maybe 20m or 30m at most based on current figures.

Still have to get over the P&D also. I saw First State Investments dropped from around 280m shares in Sept 2017, to 71m in the 2018 annual report.. big instigators of P&D there imo!

The Feldmans haven't disposed of shares, and nobody else is that big a holder to effect P&D so hard. Funny how we didn't see any substantial holder notices with their disposal.. just happened to forget maybe?

IMO I don't think there's sufficient confidence to push this up to 10, at least until we hit a quarter of circa $500k cash in sales.

I am LT, but will preset a 10c sale order off the bat as soon as this opens - I don't think it will hit that, but if it does I believe there will be another 6 month window to get back in under 10 after initial hype.

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Are you serious?

QBL has been derisked by having all the licenses and vertical supply chain.

It was a speculative stock before the Trading Halt, not anymore
P&D is the past with this stock. Watch it at the open.

10-12cent is a fair value comparing to other MM STOCK listed on the ASX.

QBL Price at posting: 3.7¢ Sentiment: Buy Disclosure: Held
12 Upvote

2 Great analysis

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