Afternoon trading January 18, page-285

Why am I bullish on NC6 with a fair value price target of $1?

I feel the same as I did with WOA when I first tipped it.

https://hotcopper.com.au/threads/beyond-meat-australian-edition.4880911/

WOA (ASX)
Price at posting: 14.0¢
Sentiment: Buy
Disclosure: Held

NC6 are operating in a 500 billion USD textile industry and this shift to viscose rayon as a sustainable alternative is worth 16 billion USD in its own right.

NC6 have positive international coverage and a very good public image recognised by significant environmental think tanks and lobby groups. I’ve learned never to underestimate environmental activists and environmentally conscious millennials, who are just coming into their prime income-earning years.

The fashion industry is huge money and if they can carve out a niche for themselves it will be very lucrative indeed.

https://www.businessgreen.com/news/...ompany-creates-tree-free-jumper-from-coconuts

I don't think the market is appreciating how significant the collaboration with Grasim is for the company.

https://www.globenewswire.com/news-...obal-Cellulosic-Man-Made-Fibers-Industry.html

Representing the developed world, the United States will maintain a 5.6% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over 118.4 Thousand Tons to the region’s size and clout in the next 5 to 6 years. Over 106.5 Thousand Tons worth of projected demand in the region will come from Rest of Europe markets. In Japan, Clothing will reach a market size of 398.4 Thousand Tons by the close of the analysis period.

There is going to be HUGE demand coming online which is why, in my opinion, the company are lining up their ducks in a row to make sure they can scale properly before finalising any agreement with fashion labels.

Once one fashion label signs on, the rest will fall like dominoes in a rush to appease environmentally-conscious consumers.