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Ann: Coles to roll out JBronze Nationally across 800 stores, page-62

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kyle345

293 Posts.

102

17/06/20

19:23

Post #: 45282963
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Originally posted by danwilly: ↑

All good announcements but no chance of shares going above 1.5c this year. 1.0c is a hopeful target

Some numbers

1,289,000,000 shares on issue

another 213,000,000 to 375,000,000 convert at max of 1.5c and at min of 0.8c

So 1,500,000,000 to 1,664,000,000 shares on issue.

So the Coles deal equates to sales of approx 0.13c per share.

Conservatively WNB costs $5.5m per year to run.

to get to 1.5c they would need to have a profit of .1c per year or about $1.5m

Assuming their margin after costs is 50% on their products

$21m of sales generates $7m of margin ($14m of costs and 50% margin = $7m)

Less $5.5m corporate costs

Profit $1.5m

So I think they need $21m of sales .. currently running at about $6m

Long way to go.

Expand

You are assuming the market will act like a market too.

We have seen many stocks through Covid jump through the roof unexplainably.

Market is weird at the moment

WNB Price at posting: 0.7¢ Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

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