Australia's largest stock trading and investment forum Australia's #1 stock forum

HRO

Click for more information

0.00%

6.8¢ hiro brands limited

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

First 62 Last

Share
Profile

Follow
kyle345

293 Posts.

102

17/06/20

19:23

Post #: 45282963
Share

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

Reply

Top Stories

DXB

Dimerix begins recruiting young kidney disease patients in Mexico for Phase 3

GTR

GTI extends uranium mineralisation at Lo Hema through development drilling

CU6

Clarity progresses SECuRE trial with positive safety results

3 stocks with antimony news on Thursday

CHN

Chalice jumps on Putin nickel export ban threat – but then there's bad news

There are more pages in this discussion • 87 more messages in this thread...

First 62 Last

Add HRO (ASX) to my watchlist