STTCOMP RAN FA LONG
Current SP @ 2.5c
Current MC @ 7.95M
Range has created reusable pallets (Re>Pal) as an alternative to the weak and environmentally unsustainable wooden palets used by all large corporations in almost all sectors. Re>Pal pallets are created using 100% recyclable plastic with 'zero waste' (ThermoFusion) and helps large corporations obtain 4 out of the 17 UN Sustainable Development Goals.
Fundamentals indicate RAN is in a great position moving forward.
Re>Pal pallets are superior to wooden pallets
- Reusable. Estimated 10 times more lifespan than wood
- Cheaper operating expenses for the corporation medium-long term
- The flex of being "environmentally friendly"
- The creation of wooden pallets results in an overwhelming amount of deforestation, accounting for almost 40% of timber production in some regions.
- In 2019, Re>Pal recycled 5,800 tonnes of plastic
Re>Pal is currently testing and trialling with 3 MNC's
RAN have already initiated partnerships with multi-billion dollar corporations such as Coke, Nestle, Unilever and Fonterra. In fact, Nestle Philippines has ordered US$441,440 of Re>Pal pallets throughout 2020, with another order of 5000 Re>Pal pallets today (4/12/20). These are very large corporations that are beginning to notice and work with Range, indicating hugeeee potential to the upside.
A high proportion of Range's customers (such as Nestle) are repeat customers, indicating a good degree of client satisfaction. This naturally induces word of mouth. Word of mouth between these mega billion-dollar corporations is certainly a good thing.
Other large corporations such as LOREAL Paris, Indofood, and Nutrifood are looking to trial Re>Pal to reduce their environmental waste.
Re>Pal pallets have the potential to eliminate millions of dollars spent by large corporations for the disposal of broken wooden pallets and other waste expenses; not only benefiting the corporation financially but also environmentally.
Management seems to be great. They are proactive with their marketing and trying to focus on a large market share (global, FMCGs, MNCs). No doubt a difficult task, however, they seem to be managing it well.
RAN is in a great position with a solution to a problem that is constantly gaining traction with society and governments (particularly Indonesia) cracking down on environmental unsustainability. With connections already made with many blue-chip companies, its ready to run.
My prediction is this will be a genuine solution for many mega-billion dollar corporations with potential for big gains in the long term. DYOR
