New interview today
Highlights:
-Prolupin deal is a "game-changer" to commercialise Buntine as fast as possible
-Production early 2024 in Germany, acquisition has accelerated production by a year
-Asset would cost over $20m to manufacture
-If asset is fully utilised WOA can triple turnover (assume this means 3x FY23 revenue of $11.5m = $34.5m+) with high EBITDA margins
-400t of pipeline committed
-Potential pricing is much better than expected. More than previous guidance. Will depend on high volume contracts but currently sitting somewhere between previous guidance ($9-13k/t?)and what Prolupin were selling for ($25-33k/t). Jay: "we're talking about $400/t in [lupin feedstock] and $20,000 out [potential sale price]". Wow.
-Australian plans: German plant is game-changer to convert expressions of interest. Capacity north of 5X what can be produced at Prolupin
-Near term catalysts: updates on European sales pipeline, announcing more customers in Australia as they come on, "strategic options for DCF that are positive for company" (sale?)
-No mention at all of oat milk (WOAT milk?)
Jay was very positive. This was the usual softball style marketing interview obviously. The question I would have liked to ask is: If Prolupin didn't make it work (they went bust), what is WOA doing differently? Assume it's better technology with the WOA IP and what's been learnt in R&D, but would like to hear a bit more about this from Jay. I'm sure a more competitive price also helps.
Ok so fast forward a few years, 5,000tpa at margins of say $10,000/t = $50m EBITDA or $60m at $12k/t margin. Double the current market cap of ~$30m.
- Forums
- ASX - By Stock
- WOA
- Ann: Final Conditions met for Prolupin Acquisition to Complete
Ann: Final Conditions met for Prolupin Acquisition to Complete, page-2
-
- There are more pages in this discussion • 31 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add WOA (ASX) to my watchlist
(20min delay)
|
|||||
Last
1.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.937M |
Open | High | Low | Value | Volume |
1.3¢ | 1.3¢ | 1.3¢ | $1 | 76 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 893104 | 1.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.3¢ | 59830 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 893104 | 0.012 |
4 | 600818 | 0.011 |
2 | 450000 | 0.010 |
1 | 5515000 | 0.009 |
1 | 120000 | 0.008 |
Price($) | Vol. | No. |
---|---|---|
0.013 | 59830 | 4 |
0.014 | 221305 | 2 |
0.015 | 415709 | 4 |
0.016 | 562500 | 2 |
0.017 | 218000 | 1 |
Last trade - 12.37pm 05/09/2024 (20 minute delay) ? |
Featured News
WOA (ASX) Chart |