Hello Elmarco . What an excellent post from you .some excell...

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JerseyCow

195 Posts.

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18/05/20

12:47

Post #: 44678454
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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

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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
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Hello Elmarco . What an excellent post from you .some excell...

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