Hi,
Today, at the annual Frankfurt retail and institutional investors lunchtime meeting (this year held via "zoom"), I gave my personal 5 minute "update" about the current situation at EDE, as well as the outlook for 2021.
Given the recent very positive developments on both the EdenCrete and OptiBlend fronts, I presented an upbeat picture (on the basis that the current situation with respect to COVID-19 does not deteriorate any further in the first half of 2021, and actually significantly improves in the second half of 2021).
At this year's meeting, for the first time, I also presented my own personal sales & earnings estimates for this calendar year (EdenCrete and OptiBlend sales only).
| Eden Innovations - Sales and Earnings Forecast for Calendar Year 2021 - Worst Case |
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| Product | Sales US$ | Profit US$ (25%) | US$/AUD | Profit in AUD | SOI | SP (P/E 20) |
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| EdenCrete | 6,400,000 | 1,600,000 | 1.3100 | 2,096,000 | 2,076,662,102 | 0.0202 |
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| Optiblend | 3,200,000 | 800,000 | 1.3100 | 1,048,000 | 2,076,662,102 | 0.0101 |
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| Totals | 9,600,000 | 2,400,000 | 1.3100 | 3,144,000 | 2,076,662,102 | 0.0303 |
| Eden Innovations - Sales and Earnings Forecast for Calendar Year 2021 - Best Case |
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| Product | Sales US$ | Profit US$ (25%) | US$/AUD | Profit in AUD | SOI | SP (P/E 20) |
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| EdenCrete | 12,800,000 | 3,200,000 | 1.3100 | 4,192,000 | 2,076,662,102 | 0.0404 |
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| Optiblend | 6,400,000 | 1,600,000 | 1.3100 | 2,096,000 | 2,076,662,102 | 0.0202 |
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| Totals | 19,200,000 | 4,800,000 | 1.3100 | 6,288,000 | 2,076,662,102 | 0.0606 |
I also indicated that I expected positive news on both the EdenPlast and Hydrogen fronts later this year. However, I refrained from making any sales and earnings estimates at all for these future potentially very lucrative product lines.
Please note: in the short Q&A session immediately after my presentation, there were a lot of questions about EDE's Hydrogen capabilities. There were also some questions about TAS's 30% holding in EDE, as well as TAS's involvement with FMG in their current Vulcan Project JV in SA.
Cheers.
(20min delay)