Ann: Trading Halt, page-325

First 325 Last

Share
Profile

Follow
JerseyCow

195 Posts.

62

18/05/20

12:47

Post #: 44678454
Share

Originally posted by Elmacho: ↑

Its good debate folks. But on the bigger picture, i want to point out the recent events

SP goes from 20c to 45c:
1) markets up on stimulus
2) dairy & wellness industry not affected
3) opening orders from iovate, & followup order from Walmart & Nouriz

SP goes from 45c to 27c:
1) Q results paint larger cash outflow & revenue below expectations (KTD+Omni+Sc = 8.5M wtf!)
2) performance rights & zero cost options (**110M + 30M) appears to dilute Total share by 50% driving low confidence in management
3) 12.5M CR at 31c to buy AusConfec (Bankrupt company) appears to be a not so great use for money at initial review.

in my opinion the fall from 45c to 27c is an over reaction. I do have a significant dip in my holdings, but until further clarity is obtained, I will wait on the side lines. 25c-27c seem to be a good entry with a 35c target. Thinking ahead Next Q will be July - Expecting a 11-12.5 M revenue putting Halo Foods as a 50M revenue business. If the economy is doing well, thats a 100M market cap = 35-40c fair value; Just FYI - thats a big if right there. If we get more new order the fair value goes up with positive news.

** For the majority of the performance right to be issued, the business gas to be doing really well - like 30 to 50% growth in top line.
** the zero cost options, Meh not a big fan but watever.

DYOR

Expand

Hello Elmarco . What an excellent post from you .some excell stats which I really enjoy and use . Holy moly if the targets are met a 50% dilution in total shares !!! Geeeeez.
. Well it all hinges on Mr Rotman . If he is the Steve Jobs of the food world and he can ward off the equity sharks we may yet rise up like a colossus from the 28 Cent ashes. It is CEO’s who make a company and absolutely not Directors. Jobs was so extraordinary HE sacked the BoD !! Go Danny !!

KTD Price at posting: 29.0¢ Sentiment: None Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

BIO

Biome reaches intellectual property milestone in strain development program

RCE

Recce scores $6.75M R&D rebate

HAS

Yangibana 33% complete says Hastings, as it provides clarification on funding

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

RSG

HotCopper reacts as Resolute Mining told to pay US$160M if it wants its CEO back