The Greenfund just posted this about an hour ago MM

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Leigh1983

353 Posts.

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04/09/19

12:26

Post #: 40306349
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Originally posted by moorookamick: ↑

Being a fundamentalist, I'm not that interested in Machievellian market moves. That said, however, I am keenly aware that there are 33 mil
shares comming out of escrow ( by weak hands) next Thursday & the biggies in the know will want to scoop them up off market for a bargain.
IMO, CLI is quite aware of that and this is why we have had no announcement yesterday PM or today, IMO.

But back to fundamentals:
SP:.......................5,5c
Mkt Cap:............$21,99 mil
# of shares:........400 mil (undiluted)

IMO, prospective earnings:
Revenue
ex Hemp:.........................................$55 mil AUD
ex JV..................................................$3 mil AUD
ex Services:.......................................$2 mil AUD
Total revenue for CY 2019...............$60 mil AUD
NPAT:...............................................$40 mil AUD (post retiring loans)
EPS:................................................10c
PE:....................................................5 ( provided that management can convince Mr Market that CLI is a viable/profitable longer term company)#
SP:...................................................25c

# If not we'll have to settle with the 10c/share cash backed or Greenfund's conservative valuation of 20c.
It is not uncommonl for Hi-Tech emerging earners to command P/Es of 30+ but I guess agribusiness is a different gig !

All IMO only and shareholders/investors should always seek the advice of a licensed financial advisor before making any investment decision.

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The Greenfund just posted this about an hour ago MM

CLI Price at posting: 5.3¢ Sentiment: Buy Disclosure: Held
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1 Great analysis

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