STTCOMP RAN FA LONGRAN - Range International LtdShare Price: 2.1c
Cash on hand: $1.04m (as at 30 June 2020)
Market Cap: $7.6m
Shares on Issue: 361.4m
Website:
https://re-pal.com/Customers like Coca Cola, Danone & Nestle.. Investors like Prince Albert of Monaco.. MC $7.6m !
The fundamental question here is ; Why are we cutting down old growth forests just to make pallets, can anybody seriously envisage that we will still be doing this in 5-10 years with the focus of international governments on environment and plastic waste?
Called it last week at 1c on here but didn't use the correct designation so wasn't picked up already approx 100% since then but only the beginning imho.
Still unbelievably cheap in my opinion. Proven product, Reputable customers, Booming industry, Good management.
RAN initially listed 4 years ago at $1 ps and have spent an absolute fortune on R&D and have an enormous facility in Indonesia. They are therefore able to scale up production very easily. They are carrying $79m worth of previous year tax losses and will therefore have an effective tax rate of NIL% until this is fully utilised.
Basically they take plastic waste and make pallets for shipping & logistics. I haven't liked a stock this much in a long, long time. I'l let them explain what they do...
The company already has an incredible list of clients across South East Asia. They have recently signed up Alaska milk (Phillipines largest producer of milk) and are currently trialling their product with Coca Cola (enormous potential with this customer alone).
New management came onboard 20 April after years of failure and investor losses with previous management. Their appointment has created a new sense of optimism and the signs are all there. The recycling process has been optimised and margin per pallet increased. New directors immediately took part in a cap raise and are now heavily invested. They have improved the look of the product, flashy website and videos which all help in winning customers. All in all there is a much more professional feel and the market agrees.
Catalysts:
Results of Ankura review. From previous quarterly;
'the Board has appointed Ankura Consulting, a global advisory group, to assist it in finding suitable partnerships including global investors, supply chain and distribution channel partners.
Ankura is currently in contact with a broad selection of parties that both Range and Ankura have identified'With the enormous uptick in volume from last week it appears something may be in the works in this regard with a potentially company making announcement imminent.
Signing up of new customers would also lead to large increase in SP. Off a very low base given impact of COVID large orders from Alaska, Coca Cola or potential new customers would result in huge increases to profit. Fixed costs are very low and an operating profit position is conceivable in the short term (remember no company tax).
