HEALTH AND PLANT PROTEIN GROUP LIMITED (ASX:HPP) - Ann: Update on Kapua Orchard Strategic Review, 54852743, page-3 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

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

HPP

Click for more information

0.00%

4.2¢ health and plant protein group limited

First 3 Last

Share
Profile

Follow
Artvandelay01

2,651 Posts.

407

29/07/21

02:20

Post #: 54852743
Share

Originally posted by Artvandelay01: ↑

Disappointing to see the Kapua Orchard timetable drag out materially. The board has done a decent job of transforming the company up until this point, but they have overpromised and under-delivered here.

Consequently, the $10m of AMD con notes maturing in September will likely need to be rolled/extended another 6-12 months based on the current timetable. Not a big deal as they only bear interest at 4% but they are still a weight on the capital structure and SP.

Still, even if you halve the independent valuation ascribed to the Kapua Orchard of ~$45m AUD, and add in net cash (incl inventory) we’re still trading around a nil/nominal EV so not much downside risk. If it gets back to $0.225-0.23 again, I’ll be adding

Expand

HPP Price at posting: 27.0¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

There are more pages in this discussion • 3 more messages in this thread...

First 3 Last

Add HPP (ASX) to my watchlist